NAGA — South Africa
Key facts (8)
- Who actually onboards you
- Served under offshore NAGA Capital Ltd (Seychelles); EU-arm is NAGA Ma
- Licence number
- not stated
- Established
- 2015group
- Min deposit, USD
- 250 USDgeo
- Platforms
- Proprietary NAGA app/web · MT4 · MT5
- Local funding
- Cards (Visa/Mastercard), bank transfer, e-wallet
- Max leverage
- 1000geo
- EURUSD
- 1.1 pipsgeo
This broker against the South Africa middle (60 of 104)
| NAGA | South Africa median | |
|---|---|---|
| Round turn, USD | 11.0 USD | 7.0 USD |
| Min deposit, USD | 250 USDgeo | 50.0 USD |
| Max leverage | 1000geo | 500.0geo |
| Withdrawal, h | 24 business hours hgroup | 24.0 h |
| EURUSD, standard | 1.1 pipsgeo | 1.0 pips |
| EURUSD, raw | not priced | 0.0 pips |
| Established | 2015group | 2009.5 |
| Platforms | 3 | 3.0 |
Accepts residents of South Africa
Through an offshore entity
Score (5/6 axes)
Shown, not ranked: no review-platform rating
Licence check
Who actually onboards you
Served under offshore NAGA Capital Ltd (Seychelles); EU-arm is NAGA Markets Europe Ltd.
Offshore entity
Cost per round turn, and the South Africa middle (60 of 104)
standard
The numbers across South Africa
Round-turn cost, USD (60 of 104)
Median 7.0 · Range 1.5–20.0 USD
Minimum deposit, USD (36 of 104)
Median 50.0 · Range 0.0–1000.0 USD
What each account gives you
Tiered: Iron/Bronze/Silver/Gold/Platinum/VIP; min USD 250.
What the broker publishes about payouts
Reviews
Trading software and asset classes (3)
Proprietary NAGA app/web · MT4 · MT5
FX, indices, fractional stocks & ETFs, crypto CFDs, commodities; social/copy trading.
Trading profits and South Africa tax
SARS taxes residents on worldwide income. Frequent/active forex trading is generally taxed as income at the individual's marginal rate (progressive 18%-45%), not as capital gains. Active traders typically register for provisional tax (IRP6 due end-Aug and end-Feb, plus a third top-up if owing) and file the annual ITR12; trading-related expenses are deductible. Rates/brackets change annually - pres
Where it wins, where it loses
Pros (2)
- Swap-free account available
- Withdrawal published at 24 business hours h
Cons (4)
- Round turn 11.0 USD against a South Africa median of 7.0
- No local licence: the client is onboarded by a foreign entity
- Carries a regulator warning; excluded from beginner and most-established lists
- No public review-platform rating, so the review axis is absent
The rest of the shortlist in South Africa (6)
Where it does not serve
Afghanistan, Albania, American Samoa, Anguilla, Australia, Austria, Barbados, Belarus, Belgium, Bermuda, British Indian Ocean Territory, Bulgaria, Burkina Faso, Canada, Cayman Islands, Central African Republic, Christmas Island, Cocos (Keeling) Islands, Democratic Republic of the Congo, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Falkland Islands (Malvinas), Finland, France, Germany, Gibral
Methodology
2 + 3 × weighted mean of six axes · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Verified · what changed · sources (2)
Checked: 2026-07-09
- naga.com domain
- sashares.co.za domain
FAQ (5)
Does NAGA accept residents of South Africa?
Through an offshore entity.
Which entity onboards a South Africa client of NAGA?
Served under offshore NAGA Capital Ltd (Seychelles); EU-arm is NAGA Markets Europe Ltd.
What licence does NAGA hold for South Africa?
No licence number is published for this country.
What does one EURUSD lot cost at NAGA?
11.0 USD per round turn against a South Africa median of 7.0 USD, measured on 60 of 104 brokers.
How long does a withdrawal from NAGA take?
24 business hours hours as published. All withdrawals are being processed by NAGA within 24 business hours.