NAGA
- Catalog records
Brand overview and official site
NAGA operates through 3 legal entities recorded in the current FXVeritas research file across South Africa, Seychelles, and Cyprus.
Official website snapshot
Official website snapshot
Research counts and additional checks
Key Facts
From catalog-applicable records.
3
Legal entities in catalog
1/3
Verified licences in catalog
Not recorded
Client protection
Unknown
Official-source conflicts
Not recorded
Last checked
Catalog
Research coverage
Related Research
Research summary
Catalog scopeFrom catalog-applicable records on file.
A published research file may record further entities and licences beyond this catalog-applicable scope.
Research confidence
Research completeness/source coverage; not broker safety or suitability.
Licence verification
1 regulator-register confirmed
3 licences recorded
Recorded licence source links
Latest source check
Outstanding issues
- Unresolved licences 2 View licences
- View recorded coverage limitations
Researched by FXVeritas Research Desk · Evidence standard: Primary-source verification · Research evidence methodology · Editorial independence · Corrections policy
File section · 02
Regulatory dossier
Licenses are tracked by legal entity, not brand name alone.
Regulator verified means the licence was confirmed on an official register. Unverified means that confirmation is not recorded. A check attempt is not verification.
Records for 3 entities and 3 licences; 1 checked against primary regulator sources.
01
Naga Markets Europe Ltd
CyprusRegistration number 251168
- Regulator
- CySEC
- License number
- 204/13
- License status
- Active
- Verification
- Verified catalog licence
- Last check attempt
- 1 month ago
- Primary evidence
- CySEC register
02
JME Financial Services (Pty) Ltd
South AfricaRegistration number —
- Regulator
- FSCA
- License number
- 37166
- License status
- Unknown
- Verification
- Unverified
- Last check attempt
- 1 month ago
- Primary evidence
- Official broker source
03
NAGA Capital Ltd
SeychellesRegistration number —
- Regulator
- FSA
- License number
- SD026
- License status
- Unknown
- Verification
- Unverified
- Last check attempt
- 1 month ago
- Primary evidence
- Official broker source
Protection coverage and research scope
Protection information is not included for: Naga Markets Europe Ltd / JME Financial Services (Pty) Ltd / NAGA Capital Ltd. This does not establish that protection is absent.
No regulatory event is stored in this file. This does not establish the absence of regulatory issues.
Research extract
- Known gaps
- FSCA / FSA licence status remains unknownclient protection not in filetrading data not monitored
Research Confidence describes file completeness and evidence coverage. It is not a safety rating or recommendation.
Change-history coverage
No history events in this file yet.
File section · 03
Client protection
Protection is stored by legal entity and jurisdiction, not by brand name. Unknown is not No.
Not in file — No entity-level protection facts are stored yet. Unknown is not No.
Brand-level claims are not shown as entity-level facts. Missing data stays unknown.
File section · 04
Trading conditions
Advertised figures are published by the broker. Observed figures are FXVeritas measurements and are not currently monitored.
- Platforms
- NAGA WebTrader / NAGA Mobile App / MetaTrader 5
- Minimum deposit
- USD 250
- Maximum leverage
- Up to 1:30
- Account types
- Iron / Bronze / Silver / Gold / Diamond / Crystal / Islamic
- Commission
- CFDs EUR 2.50 in/out; stocks EUR 0.99 in/out; ETFs 0.10% of notional value.
- Advertised minimum spread
- EUR/USD example 1.1 pips
- Swap-free option
- Available
- Copy trading
- Available
Not in file — Base currencies
By account type
Iron
USD 250 · EUR/USD example 1.1 pips
Bronze
USD 2,500 · EUR/USD example 1.1 pips
Silver
USD 5,000 · EUR/USD example 1.1 pips
Gold
USD 25,000 · EUR/USD example 0.9 pips
Diamond
USD 50,000 · EUR/USD example 0.9 pips
Crystal
USD 100,000 · EUR/USD example 0.7 pips
Islamic
Not in file
Funding and non-trading fees on file
- Currency conversionMajor FX pairs 2.50%; minor FX pairs 3.50%.NAGA Markets Europe Ltd; applies when the account currency differs from the traded instrument currency.Official source
- Deposit feeNo NAGA fee or commission; intermediary or sender-bank fees may apply.NAGA Markets Europe Ltd; deposit methods and third-party bank charges may vary.Official source
- Inactivity feeEUR 20 monthly per inactive account after six consecutive inactive months.NAGA Markets Europe Ltd; each inactive trading account.Official source
- Withdrawal feeUSD/EUR 0 to 5 per withdrawal depending on VIP level.NAGA Markets Europe Ltd; VIP-tier dependent.Official source
Known evidence gaps
These items remain unresolved after checking the cited official sources. Unknown does not mean unavailable.
- Base currenciesIrreducible unknown for NAGA Markets Europe Ltd: current EU legal and fee documents use Account Currency and EUR examples but publish no exhaustive selectable account-currency list; regional NAGA pages are excluded to avoid cross-entity inference.Checked source 1Checked source 2Checked source 3
Official evidence
- NAGA VIP User LevelsAug 22, 2026, 00:00 UTC
- NAGA Trading Apps for CFDs and Exchange MarketsAug 22, 2026, 00:00 UTC
- NAGA Markets Europe Costs and Charges PolicyAug 22, 2026, 00:00 UTC
- NAGA Trading PlatformAug 22, 2026, 00:00 UTC
Advertised figures are not observed spreads. Observed data is not currently monitored. Last checked: Aug 22, 2026, 00:00 UTC
Spread intelligenceSwap intelligence
Not monitored — No observed data. Not currently monitored.
File section · 05
Sources & verification
A source URL may be on file without an individually recorded successful check.
Official broker website
Official broker sourceNot individually checkedNot individually timestampedView source
Regulator register
Primary regulator sourceNot regulator-verifiedNot individually timestampedShown on each licence evidence row
FSA register
Primary regulator sourceNot regulator-verifiedNot individually timestampedShown on each licence evidence row
CySEC register
Primary regulator sourceRegulator verified1 month agoShown on each licence evidence row
Source inclusion is not verification, endorsement, or a statement that the broker is safe.
Recorded answers
The licence counts below cover only the records included in this summary. Additional source findings are linked separately.
What the sources show →Is NAGA regulated?
What the provider discloses
NAGA Capital Ltd / NAGA Markets Europe Ltd — The international page identifies NAGA Capital Ltd and lists the Cyprus affiliate separately. Its restricted-country disclosure includes Japan, Australia, the UK and EU countries. Sources and scope →
Independent regulatory check
FXVeritas records 3 catalog-applicable legal entities for NAGA. 1 of 3 catalog-applicable licences are regulator-verified. Regulatory protection can differ by the entity serving the client.
A provider disclosure is not an independent licence confirmation. Match your agreement’s company name, service permissions and residence conditions before applying.
Which legal entities are recorded for NAGA?
The current FXVeritas file records 3 legal entities. A brand name is not a licence.
- JME Financial Services (Pty) Ltd
- NAGA Capital Ltd
- Naga Markets Europe Ltd
Which regulators are recorded?
The current file records 3 regulator codes: FSCA, FSA, CySEC.
Which licence identifiers are recorded?
The current file records 3 licence identifiers.
- FSCA · 37166Primary source
- FSA · SD026Primary source
- CySEC · 204/13Primary source
How many catalog-applicable licences are verified?
FXVeritas has independently verified 1 of 3 catalog-applicable licences.
What client-protection evidence is recorded?
Client-protection evidence is not yet recorded in this file. Missing evidence is not a finding that protection is absent.
What remains unresolved?
2 recorded licence items remain unresolved in the current file. Unresolved is not a confirmed adverse finding.
Investigations
FXVeritas editorial research. These notes are independent of external review sites.
Not in file — No investigations published for this broker yet.