Monex
NAGA
VS
Higher Rated
NAGA
Capital at risk · T&Cs apply
In the realm of online trading, Monex and NAGA present distinctive options catering to different trader profiles. Monex, with its headquarters in Tokyo and a strong regulatory framework under the FSA and SEC, appeals to investors seeking a diverse range of markets, including stocks, ETFs, and crypto, with a particular focus on international expansion. However, its higher commissions may deter domestic traders. In contrast, NAGA, based in Hamburg and regulated by CySEC, offers a robust social trading community and supports a wider array of trading instruments such as CFDs, indices, and commodities, making it ideal for traders interested in leveraging high social and copy trading capabilities, despite its higher minimum deposit and spreads.
Monex
NAGA
| Monex | NAGA | |
|---|---|---|
| BrokerRank Score | 3.4/5 | 3.5/5 ✓ |
| Min. Deposit | $0 ✓ | $250 |
| Spread from | 0 pips ✓ | 0.7 pips |
| Max Leverage | 1:3 | 1:500 ✓ |
| Regulation | FSA, SEC ✓ | CySEC |
| Platforms | Proprietary Web, Proprietary Mobile, TradeStation JP | Proprietary Web, Proprietary Mobile, MT4 |
NAGA is the better choice overall, scoring 3.5/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Monex offers lower spreads (0 pips).
See full side-by-side comparison belowMonex
WinnerNAGA
Monex
NAGA
Monex
3.4/5
Choose Monex if you want…
NAGA
3.5/5
Choose NAGA if you want…
NAGA scores higher overall on our independent rating system. Monex holds a 3.4/5 rating vs NAGA's 3.5/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Monex offers spreads from 0 pips, while NAGA starts at 0.7 pips. Check the fees section above for a full breakdown.
Monex requires a minimum deposit of $0. NAGA requires $250.
Monex is regulated by FSA, SEC, while NAGA holds licences from CySEC.
Monex supports Proprietary Web, Proprietary Mobile, TradeStation JP. NAGA supports Proprietary Web, Proprietary Mobile, MT4, MT5.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.