Comparison of Naga broker vs Vantage [ 2024 ]

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

Your expert: Alejandro Borja

Naga broker

Your expert: Xavier Tarrasó

Vantage

Main points

Fees

Low 3,7/5

Regulated

CySEC

Demo account

Yes

Low 4/5

Fees

ASIC, FCA

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 .

4.2 – Vantage offers tight spreads and no deposit or withdrawal fees, making it a good choice for both new and experienced traders. However, additional fees might apply depending on the payment method used .

Level

Low 3,7/5

Low 4/5

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 .

Vantage operates as a CFD broker, and its fee structure is designed to be transparent and competitive. The primary cost for trading cryptocurrency CFDs on Vantage comes from the spread, which is the difference between the bid and ask prices. This spread can vary depending on market conditions and the specific cryptocurrency being traded. Additionally, if you hold a position overnight, an overnight financing fee is applied. This fee is calculated based on the leverage used and the value of the position held overnight . Vantage does not charge any deposit fees, making it cost-effective to fund your trading account. Withdrawals are also generally free, except for international bank withdrawals beyond the first free one each month, which incur a fee of 20 currency units (e.g., $20, €20) . There are no commission fees for trades on standard accounts, but for ECN accounts, a commission of $3 per lot for Raw ECN and $1.5 per lot for Pro ECN is charged . This commission structure is typical for ECN accounts, which offer tighter spreads but involve a per-trade commission. Overall, Vantage provides a competitive fee structure that is advantageous for traders who are mindful of trading costs. The combination of low spreads, no deposit fees, and the absence of most withdrawal fees makes it an attractive option for both new and experienced traders.

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.

Vantage

Regulatory Oversight: Vantage operates under the regulation of several reputable financial authorities, including the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). This regulatory oversight ensures that Vantage adheres to strict financial and operational standards, providing a secure trading environment for its clients .
Negative Balance Protection: Vantage offers negative balance protection to its clients, ensuring that traders cannot lose more than their deposited amount. This feature adds a layer of security, particularly for those using leverage, by preventing debts that exceed their account balance .
Reputation and Reviews: Over the years, Vantage has built a solid reputation in the trading community. Many users appreciate its transparent fee structure, fast and reliable customer service, and the overall ease of use of its platform. The positive feedback from its users highlights the platform’s reliability and trustworthiness .
Security Methods: Vantage employs advanced security measures to protect client funds and personal information. These include Secure Socket Layer (SSL) encryption, two-factor authentication (2FA), and regular security audits. Such robust security protocols ensure that client data and transactions are safe from unauthorized access and cyber threats .
Volume Managed: Vantage handles significant trading volumes, reflecting its capability to support a large and active user base. High trading volumes often indicate strong liquidity, making it easier for traders to execute large orders without significantly impacting the market price .

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Direct link to the website

Product selection

Native token

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

Vantage 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 .

Vantage does not have options for earning with cryptocurrencies through staking. It offers trading of crypto CFDs with leverage .

NFT marketplace

Naga does not have an NFT marketplace.

Vantage does not have an NFT marketplace.

Cripto/debit card

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

Vantage does not provide 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, Vantage accepts bank transfers for both deposits and withdrawals .

Mastercard

Yes, Naga accepts Mastercard for deposits.

Yes, Vantage accepts Mastercard for deposits.

Wire transfer

Wise is not mentioned as a supported payment method .

Card

Yes, nagabroker accepts credit/debit cards .

Information about Vantage’s acceptance of credit/debit cards is not explicitly stated in the retrieved documents.

Comparative table

Naga broker	Features	Vantage
NAGA offers a relatively low minimum trade size, allowing beginners to start trading with smaller amounts.	Minimum Trade	Vantage offers a low minimum trade amount, making it accessible for traders of all levels. The platform allows trades from as little as $50, catering to both beginners and those with limited capital.
NAGA has competitive spreads but charges higher fees for withdrawals.	Trading and Transaction Fees	Vantage has competitive trading fees, but the spread costs can vary depending on market conditions. While the fees are generally low, they can add up, especially for high-frequency traders.
The platform offers trading in 30 cryptocurrencies, including major coins like Bitcoin and Ethereum.	Number of Cryptocurrencies	With 34 cryptocurrencies available for trading, Vantage offers a decent selection compared to other CFD brokers. However, the variety is somewhat limited compared to dedicated cryptocurrency exchanges.
Limited crypto-to-crypto trading pairs available, primarily focusing on major coins.	Crypto-to-Crypto Trading Pairs	Vantage does not support direct crypto-to-crypto trading pairs. Instead, all trades are conducted as CFDs, which might not suit traders looking for direct cryptocurrency exchanges.
NAGA provides clear information about its services, fees, and regulatory status, although some details may require deeper navigation to find.	Website Transparency	Vantage maintains a transparent website with clear information on fees, regulations, and trading conditions. The platform ensures that users have access to necessary information before trading.
Naga offers a personal NAGA Card that clients can use wherever Visa is accepted .	Credit/Debit Card	Vantage does not provide a card for its clients .
No actual crypto ownership; users trade CFDs instead, which means cryptocurrencies are not stored in personal wallets.	Storage Offering	As a CFD broker, Vantage does not offer actual cryptocurrency storage. Traders do not own the underlying assets, so there are no wallet services provided.
NAGA does not offer staking or reward programs for cryptocurrency holdings.	Staking and Rewards	Vantage does not offer staking or rewards programs for cryptocurrency holdings. This may be a disadvantage for users interested in earning passive income through staking.
The platform offers a robust mobile app and desktop version, providing flexibility and a seamless trading experience across devices.	Mobile App and Desktop	Vantage provides a robust mobile app and desktop platform, allowing users to trade on the go. The platforms are user-friendly and feature-rich, enhancing the trading experience.
Responsive and reliable customer support with multiple contact methods, though phone support can be inconsistent.	Customer Service	Vantage offers 24/7 customer support via live chat, phone, and email. However, the live chat service can be slow at times, and the quality of responses may vary.
A variety of deposit methods are available, but withdrawal fees can be high, and processing times can vary.	Deposit and Withdraw	Vantage offers a variety of deposit and withdrawal methods with quick processing times. However, fees can be high for international bank withdrawals beyond the first free transaction each month.

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 .

Vantage provides access to the MetaTrader platforms and the TradingView platform, both known for their advanced charting tools and technical analysis capabilities. They also offer Capitalise.ai for algorithmic trading .

Mobile APP

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

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

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.

Vantage is regulated by top-tier authorities such as the FCA and ASIC, providing robust investor protection. They offer negative balance protection for clients under these jurisdictions.

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 .

Vantage provides access to a variety of cryptocurrency CFDs, including Bitcoin and Ethereum, through the MetaTrader platform. They offer competitive spreads and leverage up to 1:200. Vantage is known for its secure trading environment and extensive educational resources. However, they do not support direct cryptocurrency trading, only CFDs .

Anonymity

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

Vantage requires users to provide personal information and verification documents, thus not offering anonymous accounts .

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).

Vantage provides trading in cryptocurrency CFDs, supporting a variety of cryptocurrencies similar to other major brokers .

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 .

Vantage provides a straightforward and easy-to-use platform for trading cryptocurrencies. The account opening process is simple, and the platform supports various payment methods. Vantage’s trading environment is designed to be user-friendly, making it accessible to both new and experienced traders .

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.

Vantage offers strong value with competitive spreads and no deposit or withdrawal fees. The platform’s leverage options and professional trading tools add further value, making it suitable for both beginners and experienced traders.

Countries of operation

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

United Kingdom, Australia, European Union, Cayman Islands, 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.

Vantage is perfect for traders who want to engage in leveraged crypto CFD trading in a regulated environment. Its quick account opening process and seamless deposit and withdrawal options make it a good choice for both new and experienced traders.

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.

Vantage offers a wide range of crypto CFDs with competitive spreads and leverage. The platform is well-regulated and provides a secure trading environment for crypto enthusiasts.

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.

Vantage supports multiple deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets. The first international bank withdrawal each month is free, but subsequent withdrawals 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 Vantage is quick and fully digital. Users need to fill out an online form with personal and financial details, and submit verification documents. Accounts are generally approved within one business 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 is required at Vantage. Users need to submit personal identification documents and proof of address to verify their accounts.

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.

Vantage provides customer support via live chat, email, and phone. The support team is available 24/5 and is generally responsive, though some users report delays in getting complex issues resolved.

Security

Vantage is regulated by top-tier authorities such as the FCA and ASIC, providing robust investor protection. They offer negative balance protection for clients under these jurisdictions.

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 from Threenvest, I find Vantage to be a robust option for traders looking to delve into the world of cryptocurrency CFDs. The platform excels in offering a diverse range of 34 crypto CFDs, including major assets like Bitcoin and Ethereum, which cater to both beginner and experienced traders. Its strong regulatory framework under ASIC and VFSC ensures a secure trading environment, further enhanced by features like negative balance protection. While the customer service has areas that need improvement, particularly in live chat responsiveness, the overall user experience is solid. For those who prioritize regulatory security and ease of trading without the complexities of handling actual cryptocurrencies, Vantage is a commendable choice.

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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 Vantage [ 2024 ]

Naga broker

Vantage

Main points

Recommended for

Comparison of fees

Rating

Level

Brief explanation

Naga broker

Vantage

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 Vantage