Naga
JustMarkets
Naga vs JustMarkets
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
Naga and JustMarkets are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. Naga, founded in 2015 and headquartered in Hamburg, Germany, is regulated by CySEC and offers spreads starting from 0.7 pips with a minimum deposit of $50. JustMarkets, established in 2012 in Limassol, Cyprus, holds licenses from CySEC, FSA, IFSC with spreads from 0.0 pips and a $1 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.
- 🖥️
Naga runs on NAGA Platform, MT4, MT5, while JustMarkets uses 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
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
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 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 | 7.5/10 ✓ | 7.2/10 |
| Min Deposit Lower is better | $50 | $1 ✓ |
| Max Leverage | 1:500 | 1:3000 |
| Spreads From | 0.7 pips | 0.0 pips |
| Platforms | NAGA Platform, MT4, MT5 | MT4, MT5 |
| Regulation | CySEC | CySEC, FSA, IFSC |
| Founded Older track record highlighted | 2015 | 2012 ✓ |
| Markets | 950+ ✓ | 260+ |
Fees & Costs
When it comes to trading costs, JustMarkets has the edge with a score of 7.5/10 versus 7/10 for Naga. Naga offers spreads starting from 0.7 pips, while JustMarkets starts from 0.0 pips. The minimum deposit at Naga is $50, compared to $1 at JustMarkets. 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. Naga provides NAGA Platform, MT4, MT5, while JustMarkets offers 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. Naga is regulated by CySEC (Tier 1), while JustMarkets holds licenses from CySEC, FSA, IFSC (Tier 1). Naga scores 7/10 and JustMarkets 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. Naga and JustMarkets 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
Naga offers 24/5 Live Chat, Email and scores 7/10, while JustMarkets provides 24/7 Live Chat, Email with a score of 7.5/10. 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
Naga scores 7.5/10 for deposits and withdrawals, while JustMarkets scores 7.5/10. Naga accepts Bank Transfer, Credit Card, Skrill, Neteller, Crypto, and JustMarkets supports Bank Transfer, Credit Card, Skrill, Neteller, Crypto. Processing times, fees, and available currencies vary. Naga requires a minimum deposit of $50 versus $1 for JustMarkets. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
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
Choose JustMarkets if you...
- You want lower spreads and trading fees
- Responsive customer support matters to you
- You prefer a low minimum deposit ($1)
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is Naga better than JustMarkets?
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, Naga or JustMarkets?
JustMarkets scores higher for trading costs. Naga offers spreads from 0.7 pips with a $50 minimum deposit, while JustMarkets starts from 0.0 pips with $1 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is Naga safe to trade with?
Naga is regulated by CySEC and scores 7/10 for regulation. JustMarkets is regulated by CySEC, FSA, IFSC with a score of 7/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, Naga or JustMarkets?
Naga scores 8/10 for platforms. Naga offers NAGA Platform, MT4, MT5, while JustMarkets provides MT4, MT5. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for Naga vs JustMarkets?
Naga requires a minimum deposit of $50, while JustMarkets requires $1. 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.