About Naga Markets
Naga Markets, part of The NAGA Group AG founded in 2015 and headquartered in Hamburg, Germany, is a fintech-driven broker offering Forex and CFD trading on over 4,000 instruments, including real stocks, currency pairs, indices, commodities, ETFs, futures, and cryptocurrencies. Known for its social trading platform, Naga emphasizes copy trading, user-friendly interfaces, and a global community of over 1.5 million users across 100+ countries. The broker operates through entities like NAGA Markets Europe Ltd and NAGA Global (CY) Ltd, with a recent merger with Key Way Group (CAPEX) in 2024 enhancing its market presence.
Broker Rebates
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Information about the broker
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Customer Support
Live Chat
Phone: +6495585142
Email: support@blackbull.com
Cashback payment details
- Rebate Rate: 90 %
- Payment Method: Automated
- Accrual Period: Weekly
- Account transfer: Available
Available cashback
- Forex
- Metals
- Oil
- Crypto
- Crypto
Our Partner Code
Our Affiliate link
Rebate Rates
Account Type | Asset Type | Rebate (USD/lot) | Accrual period |
AF-Global | FX Metals Indices Oil Crypto | $3.00 $4.00 $0.80 $0.80 $0.80 | Weekly |
AF-Pro | FX Metals Indices Oil Crypto | $2.00 $2.00 $0.80 $0.80 $0.80 | Weekly |
Broker Info
Regulation:
NAGA Markets Europe Ltd is authorized by the Cyprus Securities and Exchange Commission (CySEC, license no. 204/13), registered with Romania’s Financial Supervisory Authority (ASF, no. PJM01SFIM/400019), and other entities like NAGA Capital Ltd (Seychelles FSA, license no. SD026). However, a 2021–2022 CySEC settlement of €150,000 for regulatory breaches raises compliance concerns. The broker is not available in restricted regions like the US, UK, Belgium, and others.
Account Types:
Offers tiered accounts (Iron, Bronze, Silver, Gold, Diamond, Crystal) with minimum deposits from $50–$250. Accounts vary by spreads, leverage, and perks like priority support. Demo accounts and swap-free (Islamic) accounts are available.
Platforms:
Provides MetaTrader 4 (MT4), MetaTrader 5 (MT5), NAGA Web App, and mobile apps for iOS/Android. The proprietary platform features Autocopy for social trading, allowing users to copy top traders with performance-based fees (no upfront costs). Additional tools include a Social Newsfeed, NAGA Academy, and market analysis.
Leverage:
Up to 1:1000 (Seychelles entity) or 1:30 (CySEC for EU clients), posing high risks due to leverage. 80.85% of retail CFD accounts lose money.
Spreads and Fees:
Floating spreads (e.g., 1.0–1.2 pips on EUR/USD for Standard accounts) with no commissions on Standard accounts. Raw/ECN accounts are unavailable, reducing transparency. No deposit fees, but withdrawal fees vary, and high volatility may widen spreads. Inactivity fees apply after dormancy.
Deposits and Withdrawals:
Supports multiple methods (cards, bank transfers, Skrill, Neteller, crypto) in USD, EUR, GBP, and more. Withdrawals are reportedly fast but some users report delays (e.g., 2 weeks) and issues with pending deposits.
Education and Support:
Offers NAGA Academy with courses, webinars, videos, and market analysis. 24/7 support via live chat, email, and phone, with personal account managers for higher-tier accounts. Support is praised for responsiveness but criticized for unresolved issues (e.g., withdrawals).
Social Trading:
Autocopy allows copying top traders, with commissions earned by copied traders. The Social Newsfeed fosters community interaction, ideal for beginners.
Trading Options
Minimum Deposit: 1
Max Leverage: 1:500
Minimum lot size: 0.01
- Swap free accounts
- Accounts for funds manager
- Mobile trading
- Scalping allowed
- Trailing stops
- Segregated accounts
- Demo Account
- Hedging allowed
- EA allowed
Cashback Details
The BDSwiss cashback program, is designed to reduce trading costs for clients by offering a portion of the transaction cost back on each trade, regardless of whether the trade is profitable. This program is available to all retail account types—Cent, Classic, VIP, Raw, and Premium
Traders can earn up to $7.00 US per lot back on FX trades with BD Swiss by using our unique referral links. This is an exclusive offer and in addition to FX assets, traders can also earn on Metals, Indices and Crypto assets.
Simply use our link for sign up or email the BD Swiss support teams to add our referral code onto your account, then once verified, you will start to earn the cashback straight into your BD Swiss account.
How It Works
When you open a BlackBull Markets account through Cashback Trades IB link, BlackBull shares a portion of the spread or commission with the us, and Cashback Trades then passes 90% of that back to you. This reduces trading costs without affecting spreads or trading conditions. To link an existing account, you must email BlackBull Markets support at partners@blackbull.com with a request to transfer your account to the Cashback Trades IB group (partner group 3496) and add your account number to your Cashback Trades profile. Approval takes about one business day.
FAQ
The Naga Markets Cashback Program, also known as a Forex rebate program, allows traders to receive a portion of their trading costs (spreads or commissions) back for each trade, regardless of whether the trade is profitable. It reduces trading expenses and is primarily offered through the Cashback Trades link, as Naga Markets does not advertise a direct cashback program.
All Naga Markets retail clients with Iron, Bronze, Silver, Gold, Diamond, or Crystal accounts can participate, except in restricted jurisdictions like the US, UK, Belgium, and others due to regulatory constraints. New clients can join via our affiliate links. Existing clients can link their accounts to an affiliate’s Introducing Broker (IB) code or open a new account under an affiliate. EU clients under CySEC are ineligible for rebates.
Rebate rates vary by affiliate, account type, and instrument:
⦁ Forex: Up to 0.5 pips per standard lot (e.g., $5 per 100,000 units of EUR/USD).
⦁ Metals (e.g., Gold): $0.30–$1 per lot (100 oz).
⦁ Indices/Energies: $0.30 per lot, depending on the affiliate.
⦁ Cryptocurrencies: Rates for Bitcoin, Ethereum, etc., vary by affiliate.
For example, trading 20 lots of EUR/USD at 0.5 pips could yield $100 monthly.
Affiliates receive a commission from Naga Markets for referred trades and share a portion (e.g., up to 85%) with traders. This reduces the effective spread (e.g., a 1.2-pip spread with a 0.5-pip rebate becomes 0.7 pips). Rebates are credited daily (e.g., PaybackFX real-time deposits) or monthly via bank wire, PayPal, Skrill, or Neteller, depending on the affiliate.
No, Cashback trades ensure spreads and commissions remain unchanged. Rebates come from the affiliate’s commission, not additional trader costs. Naga Markets maintains standard trading conditions but verify with affiliates to avoid providers that inflate spreads.
⦁ New Clients: Open a Naga Markets account via our link. Submit identification (e.g., passport, driver’s license) and confirm eligibility with the affiliate.
⦁ Existing Clients: Contact Naga Markets support (support@naga.com) to link your account to our affiliate’s IB code or open a new account with a different email via the affiliate. Approval typically takes hours. Note: Some affiliates require new accounts for rebates.
