This comparison overview assists users who struggle to select between Naga and TastyTrade to find the best online broker for their trading and financial investment demands. It assesses the main features of the two brokers side-by-side to assist individuals contrast their service and make an educated choice.
To aid customers select the ideal broker between Naga and TastyTrade to discover the best-suited platform, below is a list of broker’s benefits and drawbacks, followed by a comparison of their main trading attributes, including trading systems & tools, costs, mobile trading, deposit & withdrawal, possessions, law, and client assistance.
Naga vs. TastyTrade: Summary
NAGA is a forex and CFD broker regulated by two tier-one regulators (the CySEC and BAFIN). They offer users access to over 1,000 financial instruments including forex currencies, shares, cryptos, commodities, ETFs and indices. Naga users can choose between various platforms including its own proprietary platform and MetaTrader 4 and MetaTrader 5. The broker additionally offers social trading features, which makes it a common choice among beginner traders.
Naga’s trading fees are average compared to other forex and CFD brokers (Pepperstone, AvaTrade and eToro). The broker also features an extensive education section which includes the NAGA Academy, NAGA Learn, and the Currencies Encyclopedia.
NAGA’s customer support is available through email and live chat in English, Arabic, and over 10 other languages.
TastyTrade (previously TastyWorks) is a US based stock and options broker. It is regulated by two tier-one regulators (FINRA and SEC) and is therefore considered safe. The broker offers access to a wide range of options, futures and stocks.
TastyTrade’s platform offers various trading tools and features, intuitive charting apps and the TastyTrade content network. These features make tastytrade a great fit for experienced and active traders focusing on trading with futures and options. Although TastyTrade offers great educational materials and research tools, the platform can be overwhelming for beginners.
The minimum deposit at TastyTrade is $0. Customer support is responsive and well educated.
Pros
- Access to 1,000 + financial instruments
- Compatible with MT4, MT5 and TradingCentral
- Up to 1:30 leverage
- Excellent copy trading features
- Fast account opening
Cons
- High fees on forex and CFDs
- Not DFSA-regulated
Pros
- Low minimum deposit ($0)
- Wide range of futures and options
- Low, variable, and capped trading fees
- Broad range of tools for advanced options and futures traders
- Great research and educational materials
Cons
- No fractional shares available
- Limited instruments compared to other brokers
- High margin rates required
Key features
- 1,000 + financial instruments including crypto and NFTs from one account
- Various trading platforms (MT4, MT5, TradingCentral, AlgoTrader)
- Copy trading features
- Two tier-one licenses (CySEC and BaFIN)
- Instant withdrawals to e-wallets and crypto wallets
- Up to 1:30 leverage
Key features
- Access to thousands of stocks, ETFs, futures, options on futures, commodities, and cryptocurrencies
- Advanced trading tools and dynamic charting features (custom indicators, watch lists, and curve analysis)
- Multiple advanced order types available (good until canceled and good until date)
- Free monthly portfolio analysis
- Support for Expert Advisors and other automated trading software
Naga vs. TastyTrade Comparison
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Naga
Tastytrade
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 30:1 | 5:1 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | $5.00 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | 0 | 0 |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 1.7 | 0 |
| Stocks & ETF | $6 per trade | 0 |
| CFD (Gold) | 45 | 0 |
| Crypto | 0 | 1% open 1% close (max $10 each way) |
| Options | 0 | $1 per contract |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees | 0 |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $250.00 | 0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 375 | 2400 |
| ETF & Funds | 0 | 0 |
| Crypto | 0 | 25 |
| Commodities | 0 | 0 |
| Indices | 0 | 7 |
| Options | 0 | 0 |
| Futures | 0 | 83 |
| Bonds | 0 | 0 |
| Forex Instruments | 49 | 0 |
| CFD Indices & Funds | 31 | 0 |
| CFD Stocks | 448 | 0 |
| CFD Commodities | 7 | 0 |
| CFD Crypto | 32 | 0 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | Spanish | |
| Personal Account Manager |
Winner
Naga vs. TastyTrade Comparison Conclusion
The results of our comparison of Naga vs. TastyTrade are involved the table listed below.
| Broker: | Best For: |
| Naga | Forex and CFDs; Social trading |
| TastyTrade | Options Trading |
Picking the ideal selection in between Naga and TastyTrade can be challenging. Both on the internet brokers have resemblances yet differ regarding trading instruments, systems & applications, law, deposit & withdrawals, and study and education and learning. Selecting the best broker relies on users’ trading & investment goals, specific preferences, and experience level.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.