NAGA Review: Revealing the Potential of Community Trading

| Publish date: 01/20/2022 (Last updated: January 20, 2022 11:08 AM)
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From 2019 to 2020, the number of individual investors in the United States jumped from 4% to 19%. One of the most striking developments that have run alongside this swarm to financial trading has been the recent development of innovating trading platforms. One such platform that’s been garnering media attention recently is NAGA, a trading platform that focuses on breaking down barriers that stop individual investors from getting into cryptocurrency.

Branding itself as ‘Like Facebook for finance’, this platform includes a range of financial tools that make the lives of investors easier. From including cryptocurrency and NFTs to stock trading and even acting as a bank account, NAGA’s mission is to simplify finance for everyone.

Surprisingly, one of the standout feature of NAGA has been its emphasis on community, having built up a user base of over one million users. These users can mirror each others’ trades, lowering the knowledge barrier that new crypto investors often find themselves inhibited by. 

 

Introducing NAGA, The Social Trading Platform

NAGA has always placed its focus on creating a community of traders. Instead of traditional methods of individual investors placing trades on the stock exchange themselves, NAGA allows users to see what trades others in the community are currently making.

You’ll even be able to create an Autocopy agreement with other traders, following their trades exactly. The moment a trader you’re following places a transaction, your account will mirror their purchase, locking in the exact prices and automating trading through community engagement.

If you’re a particularly skilled trader that’s built up a small audience of people Autocopying your trades, then you’ll also be able to monetize your account. Every person that Autocopies your trades will pay €1 for the service. This money goes into a Popular Investor fund, which pays out popular traders on the platform. 

NAGA benefits investor’s b because it incentivizes community from both ends. While new investors can copy more experienced traders, those professional traders get a financial payout from their following. 

Alongside the financial aspect, this focus on community has also built a positive space, with users being able to discuss their trades and find like-minded individuals to discuss stocks with.

As of 2021, NAGA has hit the 1,000,000 users mark, demonstrating the vast following that this social trading platform has cultivated. 

Key Features

Alongside a thriving financial community, NAGA has an impressive range of features that aim to simplify the financial space. Instead of having to use several applications for different features, you’ll be able to trade stocks, cryptocurrency and even use the app as a bank account. 

Currently, NAGA is the only application that combines these three features under a singular KYC, account, and platform. 

Additionally, the main features that this platform has become known for are:

  • Community Tools
  • NAGA (NGC) Coin
  • NAGA Neo-Bank
  • NAGA Education

Let’s examine how these tools can help you invest more easily. 

 

Community Tools

There are two main pillars upon which this social trading platform stands. These are the Popular Investor Program and the Autocopy feature. 

As NAGA places emphasis on making trading easy for beginners, if you’re new to trading, the Autocopy feature will allow you to instantly emulate any trades that professional traders on the platform make. You’ll be able to browse other users’ trades, look at their returns, and then decide if you’d like to copy them.

By doing this, you’ll instantly make the same trades that they do, locking in the same stock prices and ensuring that you always get the best deal. This takes the hassle out of trading, allowing you to connect your account to the best traders in the world and mirror their buying and selling patterns.

Alternatively, if you’re well-versed in the world of trading, then you can use your knowledge to gain an audience for your investing. People can copy your trades, earning you money for every single person that begins to follow you.

If you’re already a financial trader with an online following, then you can monetize your trades by becoming a NAGA Pro. The main benefits of becoming a NAGA pro trader are:

  • Reduced commissions on any currency you generate
  • Sign-up fee commission for any users you introduce to the platform
  • Up to €100,000 a month in payouts, based on the number of people copying your trades

Those that choose to be paid from the Popular Investor Program in NGC (NAGA’s own coin) receive favorable rates and boosted commissions, integrating the currency into the community system.

Whether you’re a beginner that’s looking to boost their financial returns by using the Autocopy feature or a NAGA Pro looking to make money off your knowledge, the application’s community features are the perfect solution.

NAGA Neo-Bank

While many trading platforms offer both stocks and cryptocurrencies, no other financial platform also acts as a proprietary mobile banking application. With direct integration into the NAGA brokerage, you’ll be able to pay for anything in your daily life with the currency in your NAGA account.

You can even request a NAGA debit card, with both IBAN & VISA Debit card issuance across the UK and EEA. This means you can use your trading profits as a bank, using the card just like any other debit card.

 

NAGA Education

Within the NAGA application, beginners will be able to take financial education classes, learning more about how stocks, cryptocurrencies, and IDOs function.

Additionally, NAGA frequently runs live classes and seminars on finances, allowing you to sign-up for an ongoing learning experience. 

You’ll even be able to reach out to a dedicated account manager that can answer questions directly related to your account. 

 

Why Should I Trade with NAGA Instead of Its Competitors?

NAGA’s main advantage is that investors can use the app for practically every financial function that they’ll need. While some sites, like Coinbase, eToro, or Binance offer advanced trading in specific markets (i.e., cryptocurrency), none of them offer the same diverse range of features on their platform.

If you want to simplify trading, then NAGA’s features let you get up to speed and keep all functions in one place. 

Conclusion

No matter if you’re just getting start with cryptocurrency and want some advice or are already a pro, NAGA’s platform has a range of benefits that help you trade effectively. With a symbiotic, profitable relationship between pro investors and followers, NAGA incentivizes participating in the community, helping everyone invest smartly. 

If you want everything in one place, including a cryptocurrency wallet, stock trading, and bank compatibility, then NAGA is an app that should definitely catch your attention. 

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