Brokers / NAGA (incl. CAPEX.com)

NAGA (incl. CAPEX.com)

What brokers don't publish

641 rates and terms that are not in the brokers’ own offers

Rates and terms that are not in the brokers’ own offers, collected away from their sites — from industry catalogues, reviews and archives, and from IB partners themselves. 548 figures the broker publishes nowhere, 93 contradict its own official one. Unconfirmed by document, so open to registered partners only; not every broker has such records.

Europe & global, Latin America, Middle East & Africa · naga.com · joinnaga.com · capex.com · Checked Nov 3, 2026

⚠ Important information: Ownership, Regulator action

My watchlist

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Partner programs

Affiliate · Affiliates

on request The broker does not publish this program's rates — terms are provided on request.

7 of 10 key fields checked on the broker’s site (including “not published”)

Introducing broker · Business Introducers

on request The broker does not publish this program's rates — terms are provided on request.

10 of 10 key fields checked on the broker’s site (including “not published”)

Reliability

⚠ Important information

Ownership 2024-08 · The NAGA Group AG (Frankfurt-listed) completed its merger with Key Way Group Ltd, operator of CAPEX.com, by the end of August 2024 after all regulatory approvals; migration of CAPEX.com users to the NAGA platform was to follow (FX News Group, 2024-08-29). Key Way Group Ltd (Gibraltar) is now part of The NAGA Group AG. FX News Group; naga.com/en/about
Regulator action Oct 22, 2020 · CySEC announced a €120,000 settlement with Key Way Investments Ltd (then operator of CAPEX.com in the EU) over possible non-compliance with authorisation and organisational requirements, conflicts of interest, client information and certified-persons rules, following an onsite inspection begun in June 2019 (Finance Magnates, 2020-10-22). Finance Magnates (reporting CySEC announcement)

BrokerPays informs and does not assess brokers: these are public facts with their sources. Check them before you start working with the broker.

Licences Regulation →

FSA Seychelles · SD026

NAGA Capital Ltd

Valid

in the FSA Seychelles register, checked automatically Nov 3, 2026

FSA Seychelles · SD020

KW Investments Ltd (CAPEX.com)

Valid

in the FSA Seychelles register, checked automatically Nov 3, 2026

No licence

NAGA Global (CY) Ltd

no licence

CySEC Cyprus · 204/13

Naga Markets Europe Ltd

Valid

in the CySEC register, checked automatically Nov 3, 2026

CySEC Cyprus · 292/16

Key Way Investments Ltd

Valid

in the CySEC register, checked automatically Nov 3, 2026

Founded	2015 Source naga.com/en/about Checked Oct 26, 2026 How obtained Collected automatically Status Checked “NAGA was founded in Hamburg in 2015 with the goal of making financial markets more accessible through technology and social trading.”
Headquarters	Germany Source naga.com/en/about Checked Oct 26, 2026 How obtained Collected automatically Status Checked “Based in Hamburg, Germany, NAGA operates with a multinational team supporting product development and customer service across markets.”
Platforms	TradingView Source naga.com/en Checked Oct 26, 2026 How obtained Collected automatically Status Checked “TradingView charts with 50+ technical indicators”
Instruments	Indices, Stock CFDs, Crypto CFDs Source naga.com/en Checked Oct 26, 2026 How obtained Collected automatically Status Checked “1,000+ CFD instruments across FX, indices, commodities, shares & crypto”
Support languages	English, Arabic, German, Spanish, Italian, Dutch, Portuguese, Romanian Source naga.com/en Checked Oct 26, 2026 How obtained Collected automatically Status Checked “Listed on the Frankfurt Stock Exchange \| تداول. استثمر. نمّي. أنفق. \| Basierend auf Ihrem Standort ist möglicherweise eines unserer anderen lizenzierten Unternehmen besser für Sie geeignet. \| Tu dinero tiene más movimientos de los que crees. \| In base alla tua posizione, un'altra delle nostre società autorizzate potrebbe essere più adatta a te. \| Op basis van uw locatie past een van onze andere ve”
Clients not accepted from	Canada, New Zealand, Iran, South Korea, United States Source naga.com/en Checked Oct 26, 2026 How obtained Collected automatically Status Checked “does not provide services for the residents of certain countries, such as Canada,New Zealand,Iran,Korea and U.S.A”
Partner portal	https://joinnaga.com/en Source naga.com/en Checked Oct 26, 2026 How obtained Collected automatically Status Checked “Partnerships — https://joinnaga.com/en”
Trustpilot	3.4 / 5 · 4,110 reviews · Nov 3, 2026

Client reviews on Trustpilot for the broker’s website, as shown on Trustpilot on that date. Not part of any BrokerPays score.

Promotions and events

Last 12 months: 0 partner promotions, 0 partner events, 2 client promotions.

Active promotions for clients

Broker's partner promotions → · Active promotions for clients → · Archive

Changes

Nov 2, 2026NAGA (incl. CAPEX.com) · Affiliate — Program name: wasNAGA Partner Program (Affiliates / Digital Content Creators) → Affiliates · Source
Nov 2, 2026NAGA (incl. CAPEX.com) · Affiliate — Program name: wasNAGA Partner Program (Affiliates / Digital Content Creators) → Affiliates · Source
Nov 2, 2026NAGA (incl. CAPEX.com) — Clients not accepted from: wasCA,NZ,IR,KP,US → CA,NZ,IR,KR,US · Source
Nov 2, 2026NAGA (incl. CAPEX.com) · Affiliate — Payout models: wasCPA, Revenue share, Hybrid → CPA, Revenue share · Source
Oct 28, 2026NAGA (incl. CAPEX.com) · Affiliate — Sign-up page: washttps://joinnaga.com/en/partner-signup?plan=aff → https://joinnaga.com/en/partner-signup · Source
Oct 28, 2026NAGA (incl. CAPEX.com) · Introducing broker — Sign-up page: washttps://joinnaga.com/en/partner-signup?plan=ib → https://joinnaga.com/en/partner-signup · Source
Oct 28, 2026NAGA (incl. CAPEX.com) · Introducing broker — Program name: wasNAGA Business Introducers → Business Introducers · Source

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NAGA (incl. CAPEX.com)

🔒What brokers don't publish

Partner programs

Affiliate · Affiliates

Introducing broker · Business Introducers

Promotions and events

Active promotions for clients

Changes

What brokers don't publish