In order to trade on the forex markets you need to have an account with a broker. A simple Google search will bring up hundreds of different brokerages all fighting for your custom, but to be honest it is a bit of a minefield.
It can be confusing and overwhelming for newbie traders to pick a brokerage, but don’t worry, we have gone ahead and picked out one of the best for you.
Our personal brokerage recommendation – NAGA
Naga is a fantastic broker that offers over 500+ tradable asset classes including, forex, stocks, commodities and even cryptocurrencies.
Of course, we recommend sticking to forex trading but if you do like to trade any other assets then you have the added convenience of keeping it all with the same broker.
On top of that, the platform is extremely friendly to inexperienced and newbie traders. There is no minimum deposit required and they offer a wide range of deposit and withdrawal options, unlike some of their competitors.
They have a top notch customer support team and are fully regulated so you can be sure that your funds are safe.
Here is a list of the key benefits you can expect from signing up with NAGA as your broker.
- Ultra low fees
- No minimum deposit
- Multi-currency accounts
- Great customer support
- NAGA Mastercard
- Regulated by CySEC
- Copy trading (copy top traders positions automatically)
- Educational content to help you with the platform and other basics that you may need help with.
- Fully supported DEMO account available.
How to set it up
The best and easiest way to start trading with NAGA is to download MT4 directly from their website. NAGA will already be connected which means you don’t have to mess around connecting the broker yourself.
Download MT4 directly from NAGA here – https://www.naga.com/register?is_flexible=true&cmp=4u9u7h3a&refid=1086
If you already have MT4 set up then you can register for a NAGA account here: