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NAGA in United Arab Emirates — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%15
- Round-turn cost20%50
- Safety20%0
- Payouts15%80
- Track record10%55
- Platforms10%80
Numbered by weight: axis 1 counts for most.
Who actually onboards you
- Entity that onboards United Arab Emirates residents
- Seychelles NAGA Capital Ltd
- Local standing
- Offshore; not locally licensed. Since 2025 SCA tightened rules barring offshore solicitation of UAE residents — restriction risk not verified for NAGA specifically.
- Licence as the register states it
- No SCA/DFSA/ADGM licence; offshore Seychelles FSA SD026 (CySEC 204/13 EU only).
- Leverage for this entity
- Up to 1:1000 offshore (local SCA-licensed brokers capped ~1:50 FX).
- The firm behind it
- Founded 2015 Hamburg; Frankfurt-listed NAGA Group AG; 2024 CAPEX.com/Key Way merger (reverse takeover).
- What we hold against it
- CySEC-regulated EU parent + listed; UAE served via offshore entity without local SCA oversight; 2025 UAE offshore-solicitation crackdown is a compliance flag.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards UAE residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youOffshore; not locally licensed. Since 2025 SCA tightened rules barring offshore solicitation of UAE residents — restriction risk not verified for NAGA specifically.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against the UAE market median(priced from 60 of 75)
Medians run over the 60 of 75 brokers that publish a price for United Arab Emirates, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Tiered Iron→VIP, min USD 250. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where NAGA sits in the UAE base(75 brokers)
Round-turn cost, USD (60 of 75 priced)
Median 7 USD · range 2-35 · this broker 15 USD · 15 of 75 brokers do not publish it
Minimum deposit, USD (33 of 75 priced)
Median 50 USD · range 0-10000 · this broker 250 USD · 42 of 75 brokers do not publish it
Retail leverage (53 of 75 with a UAE figure)
Median 1:500 · range 1-5000 · this broker 1:1000 · 22 of 75 brokers do not publish it
Withdrawal time published (75 brokers)
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (4 methods · 0 local rails)
Cards, bank transfer, e-wallets, crypto;
- Cards
- Bank transfer
- E-wallets
- Crypto
- Account currency
- No AED verified; USD/EUR/GBP.
- Fee declared
- 4 of 4 methods
- Withdrawal back to
- the funding method
Where it does not serve(82 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(3 platforms)
- Proprietary NAGA app/web
- MT4
- MT5
Identical for every row: Min spread 1.5 · Leverage 1000 UAE.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 10.10.2026 | 3.3 | 5, 4,113 |
Share of reviewers in the UAE: — The platform does not publish it.
Pros and cons(4 for and 5 against, each tied to a figure on this page)
- Withdrawal in 24 h, one of 65 of 75 brokers here that publish a time
- Swap-free account available
- Payouts 80 of 100, its strongest of 6 scored axes
- 3 platforms: Proprietary NAGA app/web, MT4, MT5
- Round turn 15 USD on the standard basis, over the United Arab Emirates median 7
- No United Arab Emirates authorisation on file: the entity that onboards you is licensed elsewhere
- Min deposit 250 USD, over the United Arab Emirates median 50
- The published 1:1000 comes from the group's offshore entity, not from the United Arab Emirates one
- Safety 0 of 100, its weakest of 6 scored axes
Alternatives in the UAE(6 of 75 scored in United Arab Emirates)
- Round turn, USD
- 9UAE
- Min deposit, USD
- 25 groupUAE
- Leverage
- 1000 group
- Rank in this country
- #31
- Round turn, USD
- 8UAE
- Min deposit, USD
- 100 groupUAE
- Leverage
- 500UAE
- Rank in this country
- #47
- Round turn, USD
- 18UAE
- Min deposit, USD
- 50 groupUAE
- Leverage
- 1000UAE
- Rank in this country
- #50
- Round turn, USD
- 9UAE
- Min deposit, USD
- 100UAE
- Leverage
- 200UAE
- Rank in this country
- #27
- Round turn, USD
- 10UAE
- Min deposit, USD
- 100 groupUAE
- Leverage
- 50UAE
- Rank in this country
- #39
- Round turn, USD
- 15UAE
- Min deposit, USD
- 50UAE
- Leverage
- 500UAE
- Rank in this country
- #7
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a UAE score. Full methodology
| Axis | Weight | What is measured | NAGA |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 15 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 50 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 55 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 80 |
FAQ
- Does NAGA accept residents of United Arab Emirates?
- No. Offshore; not locally licensed. Since 2025 SCA tightened rules barring offshore solicitation of UAE residents — restriction risk not verified for NAGA specifically. Onboarding entity: Seychelles NAGA Capital Ltd
- Is NAGA licensed to serve clients in United Arab Emirates?
- No SCA/DFSA/ADGM licence; offshore Seychelles FSA SD026 (CySEC 204/13 EU only). Checked on 09.07.2026.
- How much does one round turn cost at NAGA?
- About 15.0 USD per standard lot on EUR/USD. The median across brokers measured for United Arab Emirates is 7.0 USD.
- What leverage does NAGA offer to retail clients in United Arab Emirates?
- Up to 1:1000. Up to 1:1000 offshore (local SCA-licensed brokers capped ~1:50 FX)
- Which trading platforms does NAGA support?
- Proprietary NAGA app/web, MT4, MT5. Instruments: FX, indices, fractional stocks & ETFs (incl. UAE stocks), crypto CFDs, commodities; copy trading.
- How can I withdraw money from NAGA in United Arab Emirates?
- Cards, bank transfer, e-wallets, crypto; specific AED rails not verified.
- What account types does NAGA offer?
- Tiered Iron→VIP; min USD 250.
- Does NAGA offer a swap-free (Islamic) account?
- Yes. NAGA offers a swap-free (Islamic) account to United Arab Emirates residents.
Taxes for a UAE resident(1 rule)
- 0% personal income tax and 0% capital gains tax on individual trading profits (forex, stocks, crypto, derivatives) - as of the review (2026);https://naga.com
Not tax advice. Check with the Federal Tax Authority.