JustMarkets
Naga
JustMarkets vs Naga
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
JustMarkets and Naga are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. JustMarkets, founded in 2012 and headquartered in Limassol, Cyprus, is regulated by CySEC, FSA, IFSC and offers spreads starting from 0.0 pips with a minimum deposit of $1. Naga, established in 2015 in Hamburg, Germany, holds licenses from CySEC with spreads from 0.7 pips and a $50 minimum deposit. In our hands-on testing across 8 scoring categories, Naga scored 7.5/10 overall compared to JustMarkets's 7.2/10, making it the stronger pick for most traders. That said, JustMarkets holds its own with lower trading costs and better customer support, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
Naga scores 7.5/10 overall vs 7.2/10 for JustMarkets — a 0.3-point difference.
- 💵
JustMarkets requires just $1 to start, while Naga needs $50 — JustMarkets is 50x more accessible.
- 📈
Naga offers 950+ instruments vs 260+ at JustMarkets — a massive gap in market coverage.
- 🖥️
JustMarkets runs on MT4, MT5, while Naga uses NAGA Platform, MT4, MT5 — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Product Range: Naga scores 8.0 vs 6.5 for JustMarkets — a 1.5-point difference.
Our Verdict
JustMarkets
Score: 7.2/10 · Wins 2 categories- You want lower spreads and trading fees
- Responsive customer support matters to you
- You prefer a low minimum deposit ($1)
Naga
Score: 7.5/10 · Wins 4 categories- You're a beginner who values learning resources
- You need advanced trading platforms and tools
- You want access to a wider range of instruments
- You rely on in-depth research and analysis tools
Naga takes the lead with an overall score of 7.5/10 compared to 7.2/10, winning in 4 out of 8 scoring categories. Naga stands out for better trading platforms and superior education resources, while JustMarkets fights back with lower trading costs and better customer support.
Detailed Verdict
After testing both brokers with real accounts, Naga comes out ahead with a 7.5/10 overall rating, winning 4 out of 8 categories. Its strongest area is Platforms & Tools where it scores 8.0/10. Naga holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. JustMarkets is not without merit — it scores 7.2/10 overall and excels in Trading Costs (7.5/10), winning 2 categories. Traders who value lower trading costs or better customer support may find JustMarkets the better fit. For a complete breakdown, read our full Naga review and JustMarkets review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
JustMarkets wins by 0.5 points
Naga wins by 1.0 points
Naga wins by 0.5 points
JustMarkets wins by 0.5 points
Naga wins by 1.0 points
Naga wins by 1.5 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 7.2/10 | 7.5/10 ✓ |
| Min Deposit Lower is better | $1 ✓ | $50 |
| Max Leverage | 1:3000 | 1:500 |
| Spreads From | 0.0 pips | 0.7 pips |
| Platforms | MT4, MT5 | NAGA Platform, MT4, MT5 |
| Regulation | CySEC, FSA, IFSC | CySEC |
| Founded Older track record highlighted | 2012 ✓ | 2015 |
| Markets | 260+ | 950+ ✓ |
Fees & Costs
When it comes to trading costs, JustMarkets has the edge with a score of 7.5/10 versus 7/10 for Naga. JustMarkets offers spreads starting from 0.0 pips, while Naga starts from 0.7 pips. The minimum deposit at JustMarkets is $1, compared to $50 at Naga. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
Naga scores 8/10 for platforms compared to 7/10 for JustMarkets. JustMarkets provides MT4, MT5, while Naga offers NAGA Platform, MT4, MT5. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. JustMarkets is regulated by CySEC, FSA, IFSC (Tier 1), while Naga holds licenses from CySEC (Tier 1). JustMarkets scores 7/10 and Naga scores 7/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, Naga leads with 7/10 compared to 6.5/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. JustMarkets and Naga both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
JustMarkets offers 24/7 Live Chat, Email and scores 7.5/10, while Naga provides 24/5 Live Chat, Email with a score of 7/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
JustMarkets scores 7.5/10 for deposits and withdrawals, while Naga scores 7.5/10. JustMarkets accepts Bank Transfer, Credit Card, Skrill, Neteller, Crypto, and Naga supports Bank Transfer, Credit Card, Skrill, Neteller, Crypto. Processing times, fees, and available currencies vary. JustMarkets requires a minimum deposit of $1 versus $50 for Naga. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose JustMarkets if you...
- You want lower spreads and trading fees
- Responsive customer support matters to you
- You prefer a low minimum deposit ($1)
Choose Naga if you...
- You're a beginner who values learning resources
- You need advanced trading platforms and tools
- You want access to a wider range of instruments
- You rely on in-depth research and analysis tools
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is JustMarkets better than Naga?
Naga scores higher overall (7.5/10 vs 7.2/10), winning 4 of 8 categories. However, JustMarkets is stronger in lower trading costs and better customer support. The best choice depends on what matters most to your trading style.
Which has lower fees, JustMarkets or Naga?
JustMarkets scores higher for trading costs. JustMarkets offers spreads from 0.0 pips with a $1 minimum deposit, while Naga starts from 0.7 pips with $50 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is JustMarkets safe to trade with?
JustMarkets is regulated by CySEC, FSA, IFSC and scores 7/10 for regulation. Naga is regulated by CySEC with a score of 7/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, JustMarkets or Naga?
Naga scores 8/10 for platforms. JustMarkets offers MT4, MT5, while Naga provides NAGA Platform, MT4, MT5. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for JustMarkets vs Naga?
JustMarkets requires a minimum deposit of $1, while Naga requires $50. JustMarkets has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.