Comparison of Naga broker vs ActivTrades [ 2024 ]

The best brokers to invest in cryptocurrencies compared by their commissions, cryptos, security and much more. Here is theNaga broker vs ActivTrades comparison!

Your expert: Alejandro Borja

Naga broker

Your expert: Xavier Tarrasó

ActivTrades

Main points

Fees

Low 3,7/5

Regulated

CySEC

Demo account

Yes

Low 3,8/5

Fees

FCA, CySEC

Regulated

Yes

Demo account

Recommended for

Beginners

Yes

Trading

Yes

Passive income

Buy and hold

Yes

Beginners

Yes

Trading

Passive income

Buy and hold

Comparison of fees

Rating

3.7 – Naga offers reasonable fees and the added value of social trading features. However, the variety of charges and spreads can be a bit complicated for some users .

3.8 – ActivTrades offers competitive spreads on crypto CFDs and no deposit or withdrawal fees for most methods. However, the commissions and overnight fees can add up .

Level

Low 3,7/5

Low 3,8/5

Brief explanation

NAGA Broker has a straightforward commission structure, primarily revolving around trading cryptocurrencies through CFDs. The main types of fees users will encounter include spreads, overnight fees, and withdrawal fees. The spreads are competitive, but they can vary depending on the market conditions and the specific cryptocurrency being traded. For instance, NAGA applies a spread on all cryptocurrency trades, which is the difference between the buy and sell price. This spread compensates the broker for its services. Additionally, if a position is held overnight, an overnight financing fee is charged. This fee varies based on the size of the position and the duration it is held. NAGA also charges a withdrawal fee, which starts at EUR 5 but decreases with higher account tiers. There are no deposit fees, making it easier for users to add funds to their accounts via multiple payment methods, including credit/debit cards, bank transfers, and popular e-wallets like Skrill and Neteller .

ActivTrades charges competitive spreads on its cryptocurrency CFD trades, making it an attractive option for those looking to trade without high transaction costs. The platform’s spread is the primary cost, which varies depending on the cryptocurrency being traded. Additionally, ActivTrades imposes an overnight financing fee for positions held beyond a day, a standard practice among CFD brokers. The spread and overnight fees are key factors for traders to consider, as they can impact profitability, especially for long-term positions. The platform does not charge any deposit fees for most methods, although there are specific charges for credit/debit card deposits outside the UK and EEA. Withdrawal fees are also minimal, with free withdrawals via most methods except for some bank transfers, particularly in non-EEA regions. It’s important to note the £10 monthly inactivity fee for accounts that are dormant for over a year, which can add up if the account is not actively used .

Naga broker

Year Founded: Naga Broker was founded in 2015, establishing itself as a credible and experienced player in the crypto trading market. Its longevity in the industry demonstrates stability and reliability.
Number of Users: With over 1 million registered users, Naga Broker has a large and active user base. This widespread adoption indicates trust and satisfaction among its users, reflecting the platform’s reputation and effectiveness.
Security Methods: Naga Broker employs advanced security measures, including two-factor authentication (2FA), high-level encryption, and secure servers. These robust security protocols ensure the protection of user funds and personal information.
Regulation and Licensing: Naga Broker is regulated by reputable financial authorities, ensuring compliance with industry standards and regulations. This regulatory oversight provides an additional layer of trust and security for users.
Customer Service: Naga Broker offers comprehensive customer support, including live chat, email support, and an extensive FAQ section. The support team is known for its responsiveness and effectiveness, contributing to a positive user experience.

ActivTrades

Regulatory Oversight: ActivTrades is regulated by top-tier financial authorities, including the UK's Financial Conduct Authority (FCA), the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, and the Securities Commission of the Bahamas (SCB). This extensive regulation ensures a high level of oversight and compliance with international financial standards.
Robust Security Measures: ActivTrades employs state-of-the-art security measures, including advanced encryption technologies and two-factor authentication (2FA). These measures ensure that client data and funds are kept secure from unauthorized access and cyber threats.
Negative Balance Protection: The broker offers negative balance protection, which means that clients cannot lose more than their account balance. This feature is crucial for protecting traders from extreme market volatility and unexpected losses.
Transparency and Longevity: Founded in 2001, ActivTrades has over two decades of experience in the financial industry. The broker’s long track record and the numerous awards it has received are testaments to its reliability and commitment to maintaining high standards.
Insurance Coverage: ActivTrades provides additional insurance protection through Lloyd’s of London at no extra cost to clients. This insurance offers up to £1 million coverage per client, enhancing the safety net for traders beyond the standard regulatory protections.

Guide sponsored by the best exchange

eToro

eToro Special Offer*

Earn up to 4.90% APY on uninvested cash with eToro USA.

Account Minimum

Get started with just $100.

And 1% fee on all cryptocurrency trades.

Direct link to the website

Product selection

Native token

Naga has its own native token called NAGA Coin (NGC).

ActivTrades does not have a native token.

Earns

Naga does not have options for earning with cryptocurrencies through staking. It focuses on social trading and crypto CFDs .

ActivTrades does not offer options to earn with cryptocurrencies through staking or similar programs .

NFT marketplace

Naga does not have an NFT marketplace.

ActivTrades does not have an NFT marketplace.

Cripto/debit card

Naga offers a personal NAGA Card that clients can use wherever Visa is accepted .

ActivTrades does not offer a card for its clients .

Payment methods

Transfers

Information about nagabroker’s acceptance of bank transfers is not explicitly stated in the retrieved documents.

Yes, ActivTrades accepts bank transfers for both deposits and withdrawals .

Mastercard

Yes, Naga accepts Mastercard for deposits.

Yes, ActivTrades accepts Mastercard for deposits.

Wire transfer

Wise is not mentioned as a supported payment method .

Card

Yes, nagabroker accepts credit/debit cards .

Yes, ActivTrades accepts credit/debit cards .

Comparative table

Naga broker	Features	ActivTrades
NAGA offers a relatively low minimum trade size, allowing beginners to start trading with smaller amounts.	Minimum Trade	Minimum trade size is flexible, starting from 0.01 lots, making it accessible for all traders.
NAGA has competitive spreads but charges higher fees for withdrawals.	Trading and Transaction Fees	Competitive spreads but high inactivity fees after a year of no trading.
The platform offers trading in 30 cryptocurrencies, including major coins like Bitcoin and Ethereum.	Number of Cryptocurrencies	Offers a decent selection of major and minor crypto CFDs, including Bitcoin and Ethereum.
Limited crypto-to-crypto trading pairs available, primarily focusing on major coins.	Crypto-to-Crypto Trading Pairs	Limited pairs available; focus mainly on major cryptocurrencies.
NAGA provides clear information about its services, fees, and regulatory status, although some details may require deeper navigation to find.	Website Transparency	Comprehensive information available, but financial data is not publicly disclosed.
Naga offers a personal NAGA Card that clients can use wherever Visa is accepted .	Credit/Debit Card	ActivTrades does not offer a card for its clients .
No actual crypto ownership; users trade CFDs instead, which means cryptocurrencies are not stored in personal wallets.	Storage Offering	No actual crypto storage; trades are conducted via CFDs.
NAGA does not offer staking or reward programs for cryptocurrency holdings.	Staking and Rewards	No staking or reward programs available.
The platform offers a robust mobile app and desktop version, providing flexibility and a seamless trading experience across devices.	Mobile App and Desktop	High-quality, user-friendly apps for both mobile and desktop trading.
Responsive and reliable customer support with multiple contact methods, though phone support can be inconsistent.	Customer Service	Responsive customer service via multiple channels, though not 24/7.
A variety of deposit methods are available, but withdrawal fees can be high, and processing times can vary.	Deposit and Withdraw	Free deposits and withdrawals via several methods, but high fees for USD bank transfers.

Key features

Analysis tools

Naga Broker offers access to over 20 payment methods and integrates with various platforms to provide extensive trading and analysis tools. Specific tools for crypto analysis are not detailed .

ActivTrades provides high-quality daily market analysis and offers the ActivTrader platform, which includes advanced charting tools, technical indicators, and mobile trading capabilities .

Mobile APP

Information on a specific mobile app for nagabroker is not explicitly stated in the retrieved documents.

Yes, ActivTrades provides mobile trading through the ActivTrader, MT4, and MT5 platforms, which are available for iOS and Android devices .

Security

Naga Broker is regulated by the FCA and CySEC, ensuring a high level of security. They employ extensive security measures, including multi-level backups, firewalls, and load balancers, to protect client funds and data.

ActivTrades is highly regulated by top-tier authorities such as the UK’s Financial Conduct Authority (FCA), providing a high level of security. They offer negative balance protection and additional insurance up to £1 million per client through Lloyd’s of London.

Additional features

Naga supports over 20 payment methods for deposits and withdrawals, including cryptocurrencies like Bitcoin and Ethereum. They offer a NAGA Card for convenient fund withdrawals and secure transactions. Naga also provides a user-friendly platform with features like social trading and a variety of educational resources .

ActivTrades offers a variety of features for cryptocurrency trading. They support crypto CFDs, allowing users to trade major cryptocurrencies like Bitcoin, Ethereum, Dogecoin, and many others without needing to deal with wallets or exchanges. The platform also includes high-quality daily market analysis, 24/5 customer support, and free webinars to enhance trading skills. Additionally, ActivTrades provides a VPS service for better trading efficiency and security .

Anonymity

Nagabroker does not offer anonymous accounts. Users must complete identity verification with documents like a national ID card or passport .

ActivTrades does not offer anonymous accounts. The account opening process requires personal details, financial information, and documents for identity verification, such as an ID or passport and a utility bill .

Key points

Available cryptocurrencies

Naga provides trading in cryptocurrency CFDs. The supported cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Uniswap (UNI), and Ripple (XRP).

ActivTrades offers trading in cryptocurrency CFDs. The available cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Polkadot (DOT), EOS, Chainlink (LINK), Stellar (XLM), NEO, Cardano (ADA), Solana (SOL), Ripple (XRP), Binance Coin (BNB), Monero (XMR), Avalanche (AVAX), and Dogecoin (DOGE).

User-friendliness

Naga provides a social trading platform that is easy to navigate and use, particularly for those interested in copying the trades of more experienced traders. The platform supports a variety of cryptocurrencies and offers competitive fees. While the extensive range of features might be overwhelming at first, the overall user experience is designed to be straightforward and accessible .

ActivTrades offers a straightforward and user-friendly experience for crypto CFD trading. The platform is designed to make trading accessible even for those with minimal technical knowledge, avoiding the complexities associated with setting up wallets and managing private keys. ActivTrades is ideal for users looking for a secure and regulated environment to trade major cryptocurrencies without dealing with the intricacies of crypto exchanges .

Value for money

Naga offers competitive fees and the added value of social trading features, which can be particularly useful for beginners. Its commission structure is reasonable, though some users might find the variety of charges and spreads a bit complicated.

ActivTrades offers competitive spreads on crypto CFDs, and the absence of deposit and withdrawal fees enhances its value for money. However, the 0.5%-1.5% fee on credit/debit card deposits and certain bank transfer fees for non-EEA clients can add up.

Countries of operation

European Union, United Kingdom, Australia, Switzerland, South Africa .

United Kingdom, European Union, Bahamas .

Best for

Naga is excellent for social traders who want to follow and copy the trades of more experienced investors. It offers a variety of cryptocurrencies and competitive fees, making it suitable for those who prefer social trading and want a multi-asset platform.

ActivTrades is best suited for investors who prefer a regulated and secure environment for trading crypto CFDs without the need to manage wallets and private keys. It’s ideal for those who want to leverage their trades and have access to a range of major cryptocurrencies.

Account

Trading

Nagabroker supports crypto CFD trading with several popular cryptocurrencies. The platform offers social trading features, allowing users to follow and copy the trades of experienced investors.

ActivTrades offers crypto CFD trading, allowing users to speculate on price movements without owning the actual cryptocurrencies. This platform provides leverage and tight spreads, making it attractive for active traders.

Deposit and withdrawal

Nagabroker supports a range of deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets. The platform processes transactions quickly, though some methods may incur fees.

ActivTrades offers fast and mostly free deposits and withdrawals. You can use bank transfers, credit/debit cards, and e-wallets. However, withdrawals under a certain amount may incur fees.

Account opening process

Opening an account with nagabroker is simple and digital. Users complete an online registration form, provide personal and financial information, and submit identity verification documents. Accounts are generally approved within one business day.

The account opening process at ActivTrades is fully digital and straightforward. Users need to fill out an online application form, provide personal and financial information, and submit identity verification documents. The account is typically approved within a day.

KYC required?

KYC verification is mandatory at nagabroker. Users need to provide identification documents and proof of address during the account registration process.

Yes, KYC (Know Your Customer) is mandatory at ActivTrades. Users must provide personal identification documents and proof of address during the account opening process.

Customer Service

Nagabroker offers customer support through live chat, phone, and email. The support team is available 24/5 and is known for being responsive and helpful, providing users with timely assistance.

ActivTrades offers excellent customer service with 24/5 support via phone, email, and live chat. The support team is known for being responsive and helpful, making it easy for users to resolve their issues quickly.

Security

Which of these exchanges is for you?

Alejandro Borja

As an expert at Threenvest, I recommend NAGA Broker for traders seeking a user-friendly platform with robust educational resources and strong customer support. NAGA offers a wide range of financial instruments, including around 30 cryptocurrencies, making it an excellent choice for diversifying your trading portfolio. The platform’s social trading feature is particularly beneficial for beginners, allowing you to follow and copy the trades of successful investors. While the high minimum deposit and reliance on CFD trading might not appeal to everyone, NAGA’s comprehensive support and innovative features make it a solid option for those looking to leverage cryptocurrency CFDs in a regulated environment.

Xavier Tarrasó

As an expert in cryptocurrency trading, I’ve explored numerous platforms, and ActivTrades stands out as a reliable option for crypto CFD trading. The platform is ideal for those who value security and regulation without the need to manage the technical complexities of owning actual cryptocurrencies. With ActivTrades, you can trade popular cryptocurrencies like Bitcoin and Ethereum through CFDs, allowing for both long and short positions with leverage up to 1:10. This makes it a flexible choice for traders looking to speculate on price movements in the crypto market. However, there are areas for improvement. ActivTrades charges a high inactivity fee after a year of no trading, which could be a significant drawback for less active users. Additionally, the platform is not available to residents in the USA and Canada, limiting its accessibility. Despite these drawbacks, ActivTrades’ robust regulatory framework and user-friendly trading options make it a strong choice for those looking to trade cryptocurrencies in a secure environment.

Read nagabroker review

View all comparisons against Naga broker

Read ActivTrades review

View all comparisons against ActivTrades

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Comparison of Naga broker vs ActivTrades [ 2024 ]

Naga broker

ActivTrades

Main points

Recommended for

Comparison of fees

Rating

Level

Brief explanation

Naga broker

ActivTrades

Product selection

Native token

Earns

NFT marketplace

Cripto/debit card

Company information

Full name

Regulation

Year founded

Founder

Payment methods

Transfers

Mastercard

Wire transfer

Card

Comparative table

Key features

Analysis tools

Mobile APP

Security

Additional features

Anonymity

Key points

Available cryptocurrencies

User-friendliness

Value for money

Countries of operation

Best for

Account

Trading

Deposit and withdrawal

Account opening process

KYC required?

Customer Service

Security

Which of these exchanges is for you?

How do we review crypto exchanges?

Risk Disclaimer

More comparatives Naga broker and ActivTrades