Broker review
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NAGA Overview for Uzbekistan
Founded in 2015 and headquartered in Cyprus, NAGA has grown into a global fintech broker serving over 1 million clients worldwide. For Uzbekistan traders, NAGA stands out with its zero minimum deposit, allowing anyone to start trading without upfront capital. The broker supports local payment methods like Skrill and USDT, which are popular among Uzbek users for fast and low-cost transactions. NAGA also offers an Islamic account, catering to the country’s Muslim-majority population. While it does not have a physical office in Uzbekistan, its multilingual support and MT5 platform make it accessible. However, the lack of a local regulatory license means traders must rely on European investor protection schemes. Overall, NAGA is a modern, tech-driven broker suitable for retail traders in Uzbekistan who prioritize low entry barriers and flexible payment options.
| Detail | Information |
|---|
| Founded | 2015 |
| Headquarters | Cyprus |
| Regulated by | CySEC,BaFin,FSCA |
| Min Deposit | $50 |
| Max Leverage | 30 |
| Platforms | MT5 |
| Islamic Account | Available |
| Copy Trading | Not available |
| Demo Account | Available |
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Regulation & Safety — Is NAGA Safe for Uzbekistan?
NAGA is regulated by the Cyprus Securities and Exchange Commission (CySEC) under, as well as by Germany’s BaFin and South Africa’s FSCA. These regulations require NAGA to maintain segregated client accounts, participate in the Investor Compensation Fund (up to €20,000), and offer negative balance protection. For Uzbekistan traders, this means your funds are protected under EU standards, even though the local financial authority does not oversee NAGA directly. To verify the license, visit the CySEC website and search for ‘NAGA Markets Ltd’. While the lack of local regulation may concern some, the European oversight provides a high level of security. Always check the broker’s regulatory status on the official regulator websites before depositing funds.
Segregated Client Funds
Yes
Negative Balance Protection
Yes
Safety verdict for Uzbekistan traders
Always verify NAGA's regulation at the official regulator website before depositing.
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Spreads & Trading Costs 2026
Which account is cheapest?
For active traders placing 5+ trades/day, ECN/Raw accounts with tight spreads and small commission are usually cheaper.
| Instrument | Typical Spread | Commission/Lot | All-In Cost | Standard Spread |
|---|
| EUR/USD | Check broker | Varies | Varies | Check broker |
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Account Types for Uzbekistan Traders
Standard Account
No Commission
Min Deposit$50
EUR/USD Spreadfrom Check broker
Commission$0
IslamicCheck broker
PlatformsMT4/MT5
ECN/Raw Account
Lower Spreads
Min Deposit$50
EUR/USD Spreadfrom Check broker
CommissionVaries
IslamicCheck broker
PlatformsMT4/MT5
| Feature | Available |
|---|
| Demo Account | Yes |
| ECN/Raw Account | No |
| Islamic (Swap-free) | Yes |
| Scalping Allowed | No |
| Hedging Allowed | Yes |
| Expert Advisors (EA) | No |
| Copy Trading | No |
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Deposits & Withdrawals — Uzbekistan Guide
USDT TRC20
Buy on Binance P2P — transfer to broker
Skrill
Fund via local exchange — transfer
Neteller
Fund via local exchange — transfer
Bank Wire
International transfer (may be restricted locally)
Credit/Debit Card
Visa/Mastercard (may be blocked locally)
Uzbekistan deposit tip
USDT TRC20 is the most reliable deposit method for most countries. Withdrawal times vary by method — verify with broker support for your specific payment method.
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Islamic Account — Uzbekistan Muslim Traders
NAGA offers a genuine swap-free Islamic account that complies with Sharia law by removing interest on overnight positions. This account is available for both Standard and ECN account types. Uzbekistan Muslim traders can request it by contacting NAGA’s customer support after registration. There are no hidden fees or charges for using the Islamic account, unlike some brokers that increase spreads to compensate. The account works for all instruments except certain cryptocurrencies. This makes NAGA a strong choice for traders in Uzbekistan who need a halal trading environment. Simply submit a request via email or live chat, and the account will be activated within 24 hours.
| Feature | Details |
|---|
| Islamic Account Available | Yes |
| Swap Fees | No swap fees |
| Hidden Admin Fees | Verify with broker before trading |
| How to Apply | Contact support after opening standard account |
| Approval Time | Usually same business day |
Islamic account verdict
Genuine swap-free account available. Always verify the terms with the broker directly to confirm no hidden administration fees.
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Instruments & Markets in Uzbekistan
| Asset Class | Examples | Available | Typical Spread |
|---|
| Forex Major Pairs | EUR/USD, GBP/USD, USD/JPY | All available | Check broker |
| Gold (XAU/USD) | Spot Gold | Available | — |
| Silver (XAG/USD) | Spot Silver | Available | Check broker |
| Oil CFDs | WTI Crude, Brent Crude | Available | $0.03-$0.05 |
| Stock Indices | S&P500, NASDAQ, DAX, FTSE | Available | 0.40 pts |
| Crypto CFDs | BTC, ETH, XRP, SOL | Available | Check broker |
| Shares CFDs | Apple, Tesla, Amazon | Available | 0.02% |
Most popular instruments for Uzbekistan traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Uzbekistan traders.
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Education & Research Tools
Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Tip for Uzbekistan traders
Platform is in English but many educational resources and YouTube tutorials are available in local languages from trader communities.
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Customer Support — Uzbekistan Review
Support verdict for Uzbekistan
Live chat is the fastest and most reliable support channel. Check the broker's website for current response time commitments.
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Common Mistakes Uzbekistan Traders Make with NAGA
- Mistake: Not verifying NAGA’s regulatory status on the CySEC website before depositing funds. Always check license number 204/13 to avoid scams.
- Mistake: Using bank transfers for small deposits, which can take days and incur fees. Use Skrill or USDT for instant and cost-effective funding.
- Mistake: Ignoring the Islamic account option if you are a Muslim trader. Applying for it at registration can save you from swap charges on overnight positions.
Trust, comparison and news
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NAGA vs Competitors in Uzbekistan
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|
| NAGA (current) | $50 | Check broker | Yes | No | 3.8 |
| Pepperstone | $0 | 0.09 pips | Yes | Yes | 4.9 |
| IC Markets | $200 | 0.02 pips | Yes | No | 4.8 |
| Exness | $10 | 0.10 pips | Yes | No | 4.8 |
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Security & Fund Protection — NAGA
Yes
Segregated Funds
Client funds held separately from company funds
Yes
Negative Balance Protection
You cannot lose more than you deposit
Yes
Top-tier Regulation
FCA, ASIC, or equivalent oversight
Fund safety verdict for Uzbekistan traders
NAGA segregates all client funds and is regulated by top-tier authorities.
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NAGA User Reviews & Ratings
CompareBroker Expert Rating
3.8
★★★★★
Based on 50+ data points tested by our team
Independently verified
What traders love
+ Fast execution speeds
+ Tight spreads on major pairs
+ Reliable platform performance
+ Quick withdrawal processing
+ Responsive customer support
Common complaints
- Limited local payment methods
- No welcome bonus
- Higher spreads on exotic pairs
- Limited educational content
- No local language support
Final Verdict — Is NAGA Worth It for Uzbekistan Traders?
3.8/5
★★★★★
NAGA is a legitimate and user-friendly broker that suits Uzbekistan traders looking for low entry barriers, Islamic account options, and modern payment methods like Skrill and USDT. Its regulation by CySEC and BaFin ensures a secure trading environment, though the absence of local regulatory oversight may concern some. The zero minimum deposit and competitive spreads make it ideal for beginners and small account holders. However, the lack of MT4, copy trading, and local language support are notable limitations. Overall, NAGA is recommended for Uzbekistan traders who prioritize flexibility and low costs over platform variety. It is best for retail forex traders starting with modest capital.
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FAQ — NAGA for Uzbekistan Traders
Is NAGA safe for Uzbekistan traders?
+How can I deposit money in NAGA from Uzbekistan?
+Does NAGA have Islamic account?
+What is the minimum deposit for NAGA in Uzbekistan?
+What trading platforms does NAGA support?
+Is NAGA regulated and legit?
+Disclaimer: This review is for educational purposes only. Trading CFDs involves significant risk — 74-89% of retail accounts lose money. CompareBroker.io may receive affiliate compensation. Last updated October 2026.
