Naga

What Naga does

The NAGA Group AG is a Hamburg-headquartered German fintech founded in 2015 by Benjamin Bilski and publicly listed on the Frankfurt Stock Exchange (WKN: A41YCM, ISIN: DE000A41YCM0). It operates a multi-asset retail trading platform offering CFDs on forex, stocks, indices, commodities, ETFs, futures, and cryptocurrencies, alongside commission-free real stock ownership across 10+ major exchanges (Bucharest, KSA, London, New York, Germany, Madrid, Dubai, and others), totaling 4,000+ tradable instruments. The core technological differentiator is its social trading infrastructure: NAGA Autocopy enables real-time replication of lead traders' positions at matched prices, the NAGA Feed creates a social network around trading, and a leaderboard ranks traders using a proprietary Risk Score (1–10) derived from max drawdown, utilized margin, Sharpe ratio, and stop-out history. The platform is accessible via Web Trader, native iOS and Android apps, MetaTrader 5, and a Telegram Mini App, and is supported by integrations with TradingView (charts), Trading Central (technical analysis and TC Crowd Insight AI sentiment), MarketBuzz (sentiment), and TipRanks (analyst data).

NAGA monetizes through spreads on every instrument (variable by VIP tier — e.g., EURUSD from 1.1 pips Iron to 0.7 pips Crystal), overnight/swap fees, copy trading premiums paid to lead traders ($0.12–$1.00 per copied trade depending on VIP level and asset class), and copy fees paid by copiers (20% at Iron tier, 0% Silver and above). A referral program offers up to $1,250 per campaign to existing users, and a six-tier VIP membership (Iron/Bronze/Silver/Gold/Diamond/Crystal) gates progressively tighter spreads, more signals, and dedicated account management. The customer base is entirely retail, anchored by a 2.6M+ user community, and the platform is regulated via two operating entities: NAGA Markets Europe Ltd (CySEC, Cyprus) and NAGA Capital Ltd (FSA, Seychelles). NAGA has raised approximately $37.7M in disclosed funding across 2015 ($500K), 2016 ($1.1M), 2017 ($13.3M from Fosun International), and 2021 ($22.7M from Elevat3 Capital).

Name

Naga

Legal name

The NAGA Group AG

Website

https://naga.com

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

501–1,000 employees

Short description

NAGA is a German publicly-listed multi-asset retail trading platform offering 4,000+ CFD and real-stock instruments with proprietary social/copy trading features, serving a 2.6M+ user community across European and international markets under CySEC and FSA regulation.

Ownership category

akta.pro rank

Product category

Social Trading Platform

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Commodity Contracts Intermediation (52316), Securities and Commodity Exchanges (523210), Securities and Commodity Exchanges (52321)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Commodity Contracts Brokers & Dealers (6221), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Multi-Asset Copy/Social Trading Platforms (FSAFAEAL)

akta.pro secondary industries

Copy Trading, Social Trading & Automated Trading Platforms (FSADAAAK), Retail FX/CFD Broker Trading Venues (FSAFADAD), FX Electronic Trading Platforms (Spot/Forwards/Swaps) (FSAFANAC), Multi-Currency Accounts, Wallets & FX Management (Consumer/SME) (FSAGAKAF)

Keywords

• Social trading platform
• Multi-asset CFD trading
• Copy trading services
• Retail forex brokerage
• Crypto derivatives trading

Headquarters

HQ city

Hamburg

HQ country

Germany

HQ region

Europe

Offices3 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Operations, Marketing or Sales, Personnel, Infrastructure, Others

Revenue model

1. Spreads and Commissions: NAGA earns revenue through spreads on all tradable instruments. The platform offers variable spreads and fractional pip pricing. Different VIP tiers provide progressively tighter spreads (e.g., EURUSD at 1.1 standard, down to 0.7 for Crystal VIP). Real stocks and ETFs can be traded with 0% commission.
2. Copy Trading Fees: Lead traders earn Copy Premiums when their trades are copied and closed profitably. Premiums range from $0.12-$1.00 per copied trade depending on VIP level and asset class. Copy fees for users range from 20% (Iron) to 0% (Silver and above).
3. Referral Program: Users earn 25% of referred friends' initial deposits (up to $125 per referral, $1,250 max per campaign). The referral bonus creates customer acquisition costs while incentivizing existing users to promote the platform.
4. Overnight/Swap Fees: Fees charged for holding positions overnight. Crypto One offers no overnight fees for BUY positions, while other instruments have variable swap rates.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels7 records

Core offering

NAGA operates a multi-asset social trading platform that lets retail users trade CFDs and real stocks across forex, indices, commodities, ETFs, futures and cryptocurrencies, alongside copy-trading and social networking features. The platform is delivered through proprietary web and mobile apps plus MetaTrader 5 and a Telegram Mini App, supported by tiered VIP accounts, lead-trader premium payouts and AI-driven sentiment tools.

Product overview

NAGA is a unified social trading and investing super-app operated by NAGA Group AG, a German FinTech company publicly listed on the Frankfurt Stock Exchange. The platform combines multi-asset trading (4,000+ instruments including CFDs on forex, stocks, indices, commodities, ETFs, futures, and cryptocurrencies, plus real stocks with 0% commission) with social trading features including NAGA Autocopy, NAGA Social Trading, and NAGA Leaderboard. Users can trade via NAGA Web Trader, NAGA iOS/Android apps, MetaTrader 5, or the NAGA Telegram Mini App. The ecosystem includes NAGA Pay (IBAN and payment card), NAGA Academy (education), NAGA Feed (social news), TC Crowd Insight and MarketBuzz (AI-powered sentiment analysis), TipRanks (stock research), and VIP User Levels with tiered benefits. The platform is regulated by CySEC (Europe) and FSA Seychelles, serving over 2.6 million users with features supporting copy trading, referral programs, and 24/7 crypto trading via Crypto One.

Differentiator

Problem solved

Functional benefit

Brands

• Crypto One: Product for trading cryptocurrency CFDs with no overnight fees and 1:1 exposure on 30+ cryptocurrencies.
• NAGA Autocopy
• NAGA Academy

Products and services

• NAGA Trader (Main Platform) NAGA's unified trading and investing SuperApp combining social trading, copy trading, multi-asset trading (CFDs, real stocks, forex, crypto, commodities), and payments within a single community-driven platform for retail traders.
• MetaTrader 5 (MT5) Integration

Quantifiable outcome

• Average order execution time of 0.08 seconds
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability2 records

Feature6 records

Partnerships

Four partnerships are on record, tiered core and major.

• TradingViewcoreTechnology or IntegrationNAGA integrates TradingView charts and analysis tools, providing users with lightning-fast charts, 100+ indicators, pattern recognition, and drawing tools accessible across web, mobile, and desktop platforms.
• MetaQuotes (MetaTrader 5)coreTechnology or IntegrationNAGA offers MT5 as an alternative trading platform, allowing users to access NAGA accounts via the industry-standard MetaTrader 5 with advanced features including 38 technical indicators, 44 graphing objects, 6 pending order types, and multi-threaded strategy tester.
• Trading CentralmajorTechnology or IntegrationTrading Central provides NAGA with resistance/support levels, intraday analysis, pivot price points, and economic calendars compatible with leveraged products on Forex, commodities, shares, indices, bonds, and ETFs. Also provides TC Crowd Insight AI for sentiment analysis.
• TelegrammajorTechnology or IntegrationNAGA developed a Telegram Mini App enabling users to trade, access markets, and participate in the community directly within the Telegram messenger application, with gamified onboarding and $35 in bonuses for new users.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• eToro: eToro is the leading global social trading platform with copy trading, multi-asset offerings, and a large retail community. Directly competes with NAGA in social/copy trading and multi-asset brokerage, and is publicly listed as well.
• Trading 212: Trading 212 is a multi-asset retail trading platform offering CFDs and real stocks/ETFs with commission-free investing. Directly competes with NAGA on multi-asset self-directed trading, though without a comparable social/copy trading layer.
• Plus500: Plus500 is a publicly listed multi-asset CFD broker offering forex, commodities, indices, shares, and crypto CFDs. Competes head-to-head with NAGA in the CFD retail brokerage segment across similar instruments.
• Pepperstone: Pepperstone is an Australia-origin multi-asset broker offering forex, CFDs, and increasingly copy/social trading services. Direct competitor in retail forex/CFD with growing social trading capabilities.
• XM.com: XM is a Cyprus-regulated retail forex and CFD broker serving millions of clients globally. Direct competitor in multi-asset CFD brokerage and the destination of NAGA's recent Head of Product hire.
• Admirals (Admiral Markets): Admirals is an EU-regulated multi-asset broker offering forex, CFDs, stocks, ETFs, and commodities. Directly comparable in retail multi-asset CFD brokerage with similar European regulatory positioning.

Broad incumbents

• IG Group: IG Group is a large, established UK-listed multi-asset broker with global operations spanning CFDs, shares, and futures. Overlaps with NAGA on retail trading instruments but operates at significantly larger scale and broader geographic footprint.
• Interactive Brokers: Interactive Brokers is a global multi-asset broker serving retail and institutional clients with shares, options, futures, forex, and bonds. Competes with NAGA on multi-asset retail trading at the professional end of the market.
• Robinhood: Robinhood is a US retail broker offering commission-free stocks, options, and crypto. While primarily US-focused, it represents a comparable retail-friendly multi-asset model that competes for the same retail investor persona globally.

Emerging players

• ZuluTrade: ZuluTrade is a social copy-trading platform that connects traders with signal providers across multiple brokers. Directly comparable to NAGA's autocopy and leaderboard features within the social trading niche.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/nagainvesting
• Facebookfacebook.com/nagainvesting

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

Funding overview

Funding rounds4 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Naga