eToro vs. NAGA Comparison: Best App for Crypto and Stock Investing
07 maart 2022 
9 min. read

eToro vs. NAGA Comparison: Best App for Crypto and Stock Investing

Dear (novice) crypto investor, In this article we compare NAGA vs. eToro. Two international investment apps that position themselves as "social trading platforms". Social Trading means that it is a combination between an investment app and a community. Also, both platforms offer the feature of AutoCopy, which means copying other traders. 

After this comparison, you will know who is the best app for crypto and/or stock investing. There are big differences for both long and short-term investors. Below you can read all about NAGA vs. eToro

Let's get started!

Contents

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eToro vs. NAGA: Investment Products

eToro has a nice product portfolio of over 3000 financial products. The broker offers six popular asset classes: forex, stocks, commodities, indices, cryptocurrencies, and ETFs. Besides this, eToro lacks offering asset classes such as bonds and options. 

Just like eToro, NAGA also offers 950+ instruments across six assets class to trade that includes: forex, stocks, commodities, indices, cryptocurrencies, and ETFs. NAGA also has a lag as it does not offer bonds and options to trade.

eToro vs. NAGA Comparison for Stocks Investing

The NAGA trading platform has 700+ stocks listed while eToro has 2000+ stocks listed. eToro offers both EU and US stocks while the NAGA misses UK Stocks. As far as the pricing is concerned, eToro offers commission-free stock trading. On the other hand, NAGA charges low stock trading fees of €0.99 per trade. 

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What is the best choice for stock traders in comparison? 

eToro is the best choice for stock investing since it has offered commission-free stocks and the opportunity to invest in them is enormous. Besides this, eToro also offers stocks of both UK and US jurisdictions enabling the trader to diversify the portfolio.

I also have an account at eToro. The reason is that I buy some of the best ETFs at eToro. In doing so, I am taking the higher conversion fee of about 1% for granted, because these chosen ETFs do have a very low expense ratio (of < 0.1%).

Unfortunately, NAGA Global Limited does not provide services for residents of the United States of America, the United Kingdom, Canada, Israel and the Islamic Republic of Iran.

eToro vs. NAGA Comparison for Crypto Investing

Crypto investing requires different skills than stock investing. Both NAGA and eToro are not the best apps for buying stocks. But in terms of cryptocurrencies, they are interesting.

eToro offers 50+ cryptocurrencies to trade, including BTC, BCH, XRP, DASH, ETH, ETC, LTC, ADA, EOS, NEO, XLM, IOTA, TRX, ZEC, BNB, XTZ. eToro charges floating spreads on various types of cryptocurrencies. The spreads of big cryptocurrencies like Bitcoin and Ethereum are 0.75% and 1.90%, respectively. There are no overnight fees charged by eToro on crypto trading.

NAGA offers 40+ cryptocurrencies to trade where the top in the line are BTC, BCH, BNB, DASH, ETH, LTC, NGC, XRP. NAGA charge floating spreads that starts from 0.01%.

NAGA is considered to be a more specialized platform to trade on cryptos. It provides an amazing discount when you trade with the NAGA wallet. In addition to that, the broker provides more than 700 crypto CFDs to trade through mobile and desktop trading platforms. The spreads are tight, and execution is ultra-quick.

When comparing NAGA vs. eToro, NAGA is definitely the best choice for crypto trading. The spreads are significantly lower, which saves a lot of money in the long run. Moreover, as we show below, they also have many professional trading tools including MetaTrader. 

Want to learn more about crypto investing at NAGA? Click here for more information

Want to know more about crypto investing at eToro? Click here for more information.

eToro vs. NAGA: Commission and Spreads

Let’s compare NAGA and eToro on costs. First eToro. Currently, they do not offer zero spread accounts; however, it provides traders with 0 commission accounts. The broker provides very tight spreads starting from 1pips and commissions as low as 0 $ per standard lot per round. eToro does not have nominated account types. However, it can be distinguished as the accounts for retailers, professionals, and eToro Club members.

  1. eToro does not charge any commission on stocks, no matter the type of account it is.
  2. The spreads on currencies start from 1pips in retail, pro, and eToro Club accounts.

Then NAGA. They charge variable spreads and commissions based on the account types. According to recent research, the spreads at NAGA ranges from 0.7pips to 2.5pips while the commissions range from 0.10% to 0.20%.

The difference in costs with these investment apps can lead to yes/no cheaper trading. Bottom line, eToro is a good choice for those who want to invest purely in stocks. Do take into account 0.5% conversion fee from X currency to dollar. As for crypto and other assets (for trading), NAGA is cheaper at the bottom.

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eToro vs. NAGA: Deposit, Withdrawal and Fees

eToro offers various payment methods as you can fund and withdraw accounts via debit/credit cards, wire transfer, and e-wallets. The broker makes transactions easy for its clients by not charging any deposit fee. The trader will be hit by inactivity fees of 10$ if the account remains inactive for one year. The same amount will be deducted until the account is mobilized again.

The standard withdrawal fee is $5 or equivalent, with a minimum withdrawal amount of $50. The withdrawal fee decreases with every upgrade to a higher VIP Level up to free for the Crystal Trader. 

NAGA offers the same methods to deposit and withdraw as eToro does. You can choose between wire transfers, bank cards, and e-wallets to deposit and withdraw the funds. Besides this, you can also go for NAGA cards to do the transactions. NAGA has a lead over eToro as it does not charge any inactivity fees.

Despite the claim, the trader still faces deductions while funding or withdrawing the account with both brokers. These are the fees charged by the intermediary or transacting bank and not the broker. It is better to consult the intermediary before starting the process and always go for the better option. 

Want to learn more about crypto investing at NAGA? Click here for more information

Want to know more about crypto investing at eToro? Click here for more information.

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eToro vs. NAGA: Platform and Tools

When it comes to platform and tools, NAGA has a clear lead over eToro. NAGA has a rich platform structure as it offers MT4 and MT5 platforms for trading. Besides this, it also has a proprietary platform with Social Trading enabled. Important MetaTrader platforms are missing at eToro.

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eToro vs. NAGA: Research and Education 

NAGA has in comparison to eToro the best educational and research structure. NAGA only lacks the trading central in resources. Whereas eToro lacks in the Autochartist, Trading Central, Economic Calendar, and Trading Calculators. So for active (day) traders in stocks, crypto or forex, NAGA is the better option. 

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eToro vs. NAGA: Regulations

Finally, a few final words about supervision. Supervision and regulation is important because it increases our confidence. However, for both investment app, this is fine. eToro has been around for a while and is one of the largest brokers worldwide. NAGA is a newcomer that is growing very fast. Both are under strict supervision.

eToro is a platform founded in 2007 in Tel Aviv-Yafo, Israel. eToro is one of those brokers who tier-1 regulators regulate. It is backed by the CySEC, FCA, ASIC,  MiFID, FSAS, ICF, FSCS and holds Australian Financial Services License (AFSL).

On the other hand, we have NAGA. This is a top range broker, a FinTech company known as a leading social trading platform founded in 2015 in Germany. NAGA is regulated by Consob, CNMV, CySEC, FCA, and BaFin. Unfortunately, NAGA Global Limited does not provide services for the residents of the United States of America, the UK, Canada, Israel, and the Islamic Republic of Iran.

Want to learn more about crypto investing at NAGA? Click here for more information

Want to know more about crypto investing at eToro? Click here for more information.

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Happy Investors is all about your long-term growth, both financially and in personal development. We write about long-term investing: stocks, real estate, crypto, and alternative investments. Grow your life. Become a Happy Investor!
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Stocks & ETF's

Time in the market beats timing the market. Start investing today! Buy stocks 100% commission-free at eToro and build your wealth. Let money work for you, and enjoy life. Don't wait for the perfect moment. Invest for the long term and have patience. Your capital is at risk, so start with lower-risk investments such as bonds, ETF's, dividend stocks, etc. eToro is a good choice for USA investors (to avoid 0,5% currency conversion). 

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IPO Stocks at Initial Price

At Freedom24, the world largest broker with +40.000 stocks, we can buy IPO stocks at initial price. The average return on investment is approx. 60% for 93 days (no guarantee for future returns). All IPOs are selected by investing experts. Your capital is at risk. Freedom24 is only available for European investors.

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Crypto & Stock Trading

At NAGA, the world biggest Social Trading and Crypto Trading Platform, you can AutoCopy traders at stocks, crypto and forex. Copy the NAGA 10 most profitable traders. Also, NAGA is known to offer solid platforms to trade crypto and stocks. Other fees may apply and your capital is at risk. NAGA is only available for European traders.

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