NAGA - SCAM. Real reviews. Examination

Today we will talk about the NAGA broker, which is rather unusual for the format of our reviews. The company claims to have a Frankfurt license, many years of experience and excellent conditions for trading popular assets, including crypto. Let's try to figure out which of the information given on their website is true and which is a lie.

Broker. General information

Main site:

naga.com

Whois score:

Domain Age

Site analysis

The NAGA website has a monstrous quality of layout and a low level of design. The site is inconvenient to use. In addition, the content of the blocks often repeats each other. All the information that is smeared on the main page could fit in one paragraph. But our reviewers decided to take a different path, apparently wanting to give weight to their desk in this way. At the same time, there are quite a few sections on the site, but the price tag set by an independent service is indecently high. We can guess what this may be connected with, but we will return to this issue a little later.

Site rating

The main page has the following blocks:

• menu (about the company, NAGA Pay, page display language selection button);
• splash screen presenting an application for trading and investment with a target action button;
• a call to create a free account to receive a super-app, which includes opportunities for investing, earning on cryptocurrency and making payments;
• presentation of the possibilities of working with the NAGA project - investments in world markets, trading in more than 40 popular cryptocurrencies or buying them with savings up to 50%, making payments via smartphone;
• overview of available assets for trading;
• a call to dive into stock trading with a commission of 0%, as well as Forex and real-time indices;
• repetition of information about crypto trading opportunities;
• presentation of the option to copy the strategy of the best traders;
• about investment portfolios;
• and again about copy trading;
• another call to create an account;
• Benefits;
• logos of leading companies whose shares are available on the NAGA platform;
• information about payment systems through which you can deposit money into the project;
• instructions for starting trading;
• information about the mobile application for Android and iPhone.

The menu is duplicated in the footer, buttons are published to go to the broker's social networks. It also provides information that NAGA is a trademark that unites several companies. At the very bottom is a risk warning and cookie permission.

Expertise of legal information, NAGA licenses

The footer of the NAGA website indicates that the broker is included in the list of 4 subsidiaries, one of which is licensed in Cyprus. At the same time, it is noteworthy that until 2019, NAGA MARKETS EUROPE LTD, the only licensed subsidiary of the holding, had a completely different name. Namely, Hanseatic Brokerhouse Global Markets Ltd, and even later, just before the moment when our reviewers bought them out, Alaska Financial Ltd. This became known during the verification of the Cypriot CySEC license. Moreover, it is not NAGA MARKETS EUROPE LTD that is servicing traders, but another subsidiary - NAGA Global Ltd, registered in Saint Vincent and the Grenadines - a famous haven for rogues of all stripes.

It is also noteworthy that the site does not have any adequate contact information, except for technical support phones, e-mail and a list of countries of registration of subsidiaries.

We did not find a broker in the registers of the Central Bank of the Russian Federation either. This means that the company cannot carry out legal activities on the territory of Russia and some CIS countries. Domestic traders working with NAGA remain completely unprotected.

Registers of the Central Bank of the Russian Federation

It was interesting to look at the social networks of the company.

Yes, they have a lot of followers. That's just the activity of users leaves much to be desired. For several thousand followers - just a couple of dozen likes and comments. This suggests that the subscribers in these publics are artificially cheated. Although we must give credit to NAGA for paying attention even to such trifles, so as not to burn the entire office, as many others, reviewed by us on binarybets.ru, do.

Well, and finally - ambitious statements that NAGA was created in 2015, gained fame as a reliable broker in the international arena and an army of thousands of satisfied customers.

Story

Checking the age of the domain showed us that the site has existed since 1996 (see the very first screen in the review). However, all this time, including the aforementioned 2015, the website of the furniture factory was located on this domain, as evidenced by the entries in the web archive.

Web archive

False information about work experience is a common ploy used by scam brokers. Our reviewers also did not distinguish themselves by originality. An experienced domain also explains the high price tag set by the independent site evaluation service, which we discussed above.

Features of the work of the company NAGA. Tools and conditions for traders

NAGA Global Ltd is a subsidiary of NAGA Group AG. It is registered in the famous offshore zone - Saint Vincent and the Grenadines, went through an IPO on the stock exchange in Frankfurt and earned over 50 million USD. on the sale of tokens.

NAGA offers several types of intermediary services:

• investing in stocks, Forex and other assets;
• trading in popular assets, including cryptocurrencies in real time;
• transactional services in the mode of a single window of a mobile application.

The advantages of NAGA cooperation are:

• the opportunity to earn decent money even for beginners, by copying successful transactions and strategies of professional traders;
• customer focus;
• execution of orders in real time;
• fully licensed, regulated activity;
• over 950 trading assets and markets;
• secure storage of funds;
• low commissions;
• transparent conditions;
• modern platform adapted to any type of device;
• the ability to conduct transactions by any available means.

Broker NAGA was founded in 2015 as a fintech company planning to make a revolutionary breakthrough in the financial market. According to the guys, they have a license from the Cypriot regulator, obtained due to compliance with international requirements and ensuring the safety of clients' investments. Also, the office ambitiously declares that it does not take the last place on the Frankfurt Stock Exchange. At the same time, it is completely unclear how this is connected with its brokerage activities. In addition, the global financial registry of the investing.com portal indicates that NAGA Group AG is an organization engaged in IT development, which is hardly comparable to the services of intermediaries in financial markets.

The company also invites ambitious and motivated people to its team, offering great career prospects. That's just what exactly will be included in your duties is formulated somehow vaguely. Most likely, you will become one of those who breed people for money.

Career

To start working in the NAGA project, you need to go through a short registration, confirm your identity, make a deposit. The company also offers to try your hand at a demo account with a face value of 10 thousand USD. However, we would not trade with this broker either on candy wrappers or on real money. The company has lied up to its ears, appropriated other people's licenses and a website, and is trying to cover up all traces of its fraudulent activities.

Real customer reviews NAGA

We found several sites where reviews of cooperation with the NAGA broker are published. At the same time, they all have approximately the same content with a negative color. Below is an example of comments about the activities of the monitored office.

Reviews

If you have become victims of NAGA scams, leave comments below this article. Perhaps it is your review that will save someone from losing money.

NAGA User Deception Scheme

Neither the presence of a “license”, nor experience since 2015, nor numerous promises prevent the NAGA broker from cleaning their clients to the last penny. Users complain that the office does not allow to withdraw either money or even bonuses, sending refusals to requests for outgoing transactions. Also, customers complain about sudden blocking of accounts immediately after the receipt of money in the system. In general, everything is as usual. Sweet promises at the start and complete disappointment, as well as shameless robbery at the finish line.

Results

The NAGA project contains the following signs of fraud:

• registration in an offshore zone;
• fake license;
• using a domain with experience to give weight to the site;
• lack of intelligible contact and registration data, license of the Central Bank of the Russian Federation;
• primitive, inconvenient, uninformative site;
• the presence of negative reviews.

As you can see, even a license is not able to protect traders from transferring funds to crooks. Especially if this license belongs to a completely different office. It is important to carefully check the information published by the broker. Even if at first glance there is nothing suspicious.

If you are a victim of NAGA or other black brokers and want your hard-earned money back, leave your mail in the form at the beginning of the article. We will send you a step-by-step, illustrated plan of action to take.