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Retail FX

NAGA Founder Ben Bilski Launches “AI-Native” Decentralized Exchange on Solana

  • Bilski revealed plans to enter the crypto space in March, shortly after his departure from NAGA following its acquisition by CAPEX.com.
  • The new platform reportedly automates several processes, including risk management, KYC, and payment flows.
Monday, 14/07/2025 | 21:47 GMT by Jared Kirui
Retail FX

CFD Brokers NAGA and Swissquote Launch New Campaigns Ahead of Next Season

  • NAGA collaborated with Borussia Dortmund to address the origin of its name in a short video.
  • Swissquote launched a new campaign titled “Take your finances by the horns”.
Monday, 16/06/2025 | 11:18 GMT by Tareq Sikder
Retail FX

NAGA Ends Q1 2025 with Higher Revenue as Commission Income Improves

  • The company also renewed marketing investments to scale the platform.
  • Its audited 2024 revenue and EBITDA surpassed earlier preliminary figures.
Friday, 06/06/2025 | 11:19 GMT by Arnab Shome
Brokers

NAGA EBITDA Falls Over 50%, New Registered Users Down 17% in Q1 2025

  • NAGA Group reported a 7% revenue increase to €16.4 million in Q1 2025. However, other financial metrics showed mixed results.
  • Quarterly EBITDA stood at €1 million, down from €2 million in Q1 2024, with the margin falling temporarily to 6%.
Thursday, 22/05/2025 | 06:56 GMT by Damian Chmiel
Brokers

NAGA "SuperApp" Revamp Draws New Account Openings and Platform Activity in Q1 2025

  • Fintech rolled out several platform enhancements last quarter, including a new interest-bearing feature for idle funds.
  • The German-based company also expanded access to over 3,000 stocks and ETFs across global markets.
Wednesday, 14/05/2025 | 07:28 GMT by Damian Chmiel
Retail FX

Are You Holding Uninvested Cash? NAGA Now Offers Interest on Euro

  • NAGA customers can now earn up to 2.77 per cent APY on uninvested euro.
  • The broker also plans to expand the service to other currencies and regions.
Friday, 04/04/2025 | 07:00 GMT by Arnab Shome
Executives

Madalina Rotaru Leaves Merged Capex.com and NAGA After a Decade

  • She was the Group COO of the merged entity and the Deputy CEO of NAGA.
  • It remains unknown where she will go next.
Tuesday, 11/03/2025 | 04:36 GMT by Arnab Shome
Retail FX

NAGA Expands Shares Offering with Direct Access to Romanian Equities

  • NAGA Group becomes the first global broker to offer direct access to Bucharest Stock Exchange for retail investors.
  • The move expands NAGA's product portfolio and provides customers with opportunities to invest in Romania's growing economy.
Tuesday, 04/03/2025 | 10:33 GMT by Damian Chmiel
Retail FX

NAGA Reports EUR 62 Million Revenue for 2024: Achieves Cash Break-Even

  • Cost savings from marketing and personnel resulted in a 13% EBITDA margin.
  • The year 2024 focused on integrating the CAPEX Group and optimizing operations.
Wednesday, 05/02/2025 | 11:48 GMT by Tareq Sikder
Executives

Naga Markets Taps Former Admirals Exec Juan Enrique as Head of Europe and Education

  • Moriano brings extensive experience from the forex and CFD industry, having held various roles, including Country Manager at Admiral Markets Group.
  • He also worked as the Country Manager for Spain and LATAM at ActivTrades.
Thursday, 09/01/2025 | 16:14 GMT by Jared Kirui
Brokers

Breaking: Boxing Legend Mike Tyson Becomes NAGA Group’s Brand Ambassador

  • The broker negotiated, signed, and filmed a promotional advertisement with Tyson in just a couple of weeks.
  • NAGA also recently signed a sponsorship deal with German football club Borussia Dortmund.
Thursday, 07/11/2024 | 10:34 GMT by Arnab Shome
Retail FX

NAGA’s Revenue Reaches €31.7 Million Following the Merger in H1 2024

  • The firm reduced operating expenses, lowering direct costs by 30% and personnel costs by 18%.
  • EBITDA increased by 85% to €2.8 million in H1 2024 due to cost cuts.
Wednesday, 30/10/2024 | 13:42 GMT by Tareq Sikder
Retail FX

NAGA and CAPEX.com Merger Receives Regulatory Greenlight

  • The two companies expect to close the merger by the end of August.
  • They expect to generate $250 million in revenue over the next three years.
Tuesday, 09/07/2024 | 07:02 GMT by Arnab Shome
Retail FX

NAGA Slashes Staff by 40% amid Mounting Losses of €61M in 2023

  • The company's revenues shrank by 32% to €40 million.
  • However, the broker is trying to focus on the pros: positive EBITDA, higher volumes, and cost-cutting.
Monday, 01/07/2024 | 06:44 GMT by Damian Chmiel
Retail FX

NAGA and CAPEX.com Merger Gets Shareholders’ Nod: 2 New Licenses in Pipeline

  • As many as 99.81 percent of the NAGA shareholders voted for the merger.
  • The CEO, Octavian Patrascu, is envisioning a "New NAGA" with the merger.
Monday, 22/04/2024 | 09:00 GMT by Arnab Shome
Executive Moves

Ben Bilski Leaves NAGA Group Only 3 Months after Merger with Capex.com

  • He founded NAGA in 2015 and was the CEO until June 2023.
  • Recently, he held the position of NAGA’s Chief Information Officer.
Monday, 18/03/2024 | 05:29 GMT by Arnab Shome
Retail FX

NAGA Achieves EUR 45.5 Million in Revenue and Highest-Ever EBITDA

  • In 2023, the company saw growth of 132,000 new accounts and over 9.2 million trades.
  • The firm recently announced a merger with Capex.com, accompanied by a cash injection of $9 million.
Tuesday, 09/01/2024 | 13:13 GMT by Tareq Sikder
Retail FX

Naga Markets Settles with CySEC for €150K over Violations

  • The company was sanctioned by CySEC for non-compliance in several areas.
  • The retail brokerage has already paid the settlement amount.
Friday, 29/12/2023 | 13:14 GMT by Damian Chmiel
Retail FX

NAGA's Earnings Exceed Initial Estimates in H1 2023, Final Report Indicates

  • The company reported preliminary results five months ago.
  • However, as the full report shows, the revenue was underestimated by several million euros.
Wednesday, 13/12/2023 | 12:57 GMT by Damian Chmiel
Retail FX

NAGA's EU Customers Brought 90% FY22 Revenue: Losses Mounted to €37M

  • The revenue of the brokerage group for the year came in at EUR 57.5 million.
  • Its marketing and advertisement expenses declined to EUR 28.3 million.
Monday, 06/11/2023 | 09:04 GMT by Arnab Shome
Retail FX

NAGA Takes a Loan to Repay $6M to Convertible Bond Holders

  • The convertible bond holders did not exercise their conversion rights.
  • The loan has been taken without any conversion rights.
Wednesday, 25/10/2023 | 05:25 GMT by Arnab Shome
Retail FX

NAGA Transforms €4.2M Loss into €4.2M Profit as First-Time Deposits Soar by 100%

  • Retail brokerage increased the number of active accounts to 20,400.
  • In addition, the average value of the first deposit rose 105%.
Thursday, 05/10/2023 | 09:49 GMT by Damian Chmiel
FinTech

NAGA Partners with Rezolve to Integrate AI into Trading Platforms

  • The AI-enabled trading services will go live on NAGA in the fourth quarter.
  • Users can converse with NAGA's AI chatbots in up to 95 languages.
Tuesday, 08/08/2023 | 09:00 GMT by Jared Kirui
Retail FX

NAGA Reports 22% Jump in Active Traders in H1 2023

  • The company saw an increase of 22% in active traders.
  • Reported trading volume also rose to EUR 69 billion.
Tuesday, 11/07/2023 | 13:51 GMT by Damian Chmiel
Retail FX

Why I Gave Up My CEO Role to Become CIO: NAGA's Founder Ben Bilski

  • NAGA's vision remains to build an all-in-one platform, says Bilski.
  • The new Group CEO: "We have owned our decisions in the past three years."
Monday, 10/07/2023 | 20:45 GMT by Solomon Oladipupo
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