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Naga
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Retail FX
NAGA Expands Middle East Market Access: Adds UAE and Saudi Stocks
2024-11-27T08:16:08.143+02:00
The platform will allow traders to buy and sell stocks listed on the UAE and Saudi Arabian exchanges.
The offerings are being made under NAGA’s Abu Dhabi-licensed entity.
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Executives
STARTRADER Names Ex-MultiBank Executive to Lead European Business Development
2024-11-11T13:01:44.810+02:00
Sarah Farah was Head of International Sales at MultiBank Group for nearly two years.
She was an Account Manager and Business Developer at NAGA in Cyprus for 10 months.
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Brokers
Breaking: Boxing Legend Mike Tyson Becomes NAGA Group’s Brand Ambassador
2024-11-07T12:34:03.212+02:00
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.
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Retail FX
NAGA’s Revenue Reaches €31.7 Million Following the Merger in H1 2024
2024-10-30T15:42:55.037+02:00
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.
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Retail FX
NAGA's Unified Website Delivers Integrated Trading, Investing, and Crypto Tools
2024-10-03T12:17:28.619+02:00
The new platform features Social Trading tools, allowing users to follow and copy Lead Traders.
Recently, the company launched its 'Everything Trading' app on Telegram.
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Retail FX
NAGA Brings CFDs to Telegram: From Onboarding to Trading Directly on the Social Medium
2024-09-19T10:56:40.263+02:00
Traders will be able to access NAGA’s web and mobile platform directly on Telegram.
NAGA anticipates scaling its reach by tapping into the user base of the social media platform.
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Executives
Admirals Veteran Takes on Head of B2B Role at NAGA after 3 Years
2024-09-11T17:04:25.055+02:00
Eugene Danishkin was COO of a fintech B2C company and held senior roles at FX brokers.
He also continues to run his own consulting firm, MBC Ltd., based in Cyprus.
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Retail FX
NAGA Strikes a Sponsorship Goal with Germany’s Borussia Dortmund
2024-09-04T14:54:31.160+02:00
The agreement gives the company exclusive rights to the BVB Partner logo and brand visibility at Signal Iduna Park during home matches.
NAGA aims to utilize this sponsorship to reach new target audiences in Germany and internationally.
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Retail FX
NAGA Group Completes Key Way Merger, Targets €9M in Annual Cost Savings
2024-08-29T21:48:59.080+02:00
The company expects the integration to yield significant cost savings.
Naga also expects the new entity to generate an annual EBITDA effect of around EUR 4 million.
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Executives
NAGA's Sam Chaney Leaves Role as Chief Commercial Officer
2024-07-30T14:25:56.473+02:00
Chaney held roles at INFINOX Global, Hantec Markets, and OANDA Europe earlier.
He steps down to pursue new career opportunities, with details not yet shared.
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Retail FX
NAGA and CAPEX.com Merger Receives Regulatory Greenlight
2024-07-09T09:02:43.659+02:00
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.
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Retail FX
NAGA Slashes Staff by 40% amid Mounting Losses of €61M in 2023
2024-07-01T08:44:13.107+02:00
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.
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Retail FX
NAGA and CAPEX.com Merger Gets Shareholders’ Nod: 2 New Licenses in Pipeline
2024-04-22T11:00:27.189+02:00
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.
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Executives
NAGA Welcomes Former Tickmill Leader Loukia Matsia as New Head of Compliance
2024-04-17T18:58:59.043+02:00
Matsia spent over 8 years overseeing compliance at Tickmill.
She held the position of Head of Administration and HR at CommexFX.
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Executive Moves
Ben Bilski Leaves NAGA Group Only 3 Months after Merger with Capex.com
2024-03-18T07:29:28.521+02:00
He founded NAGA in 2015 and was the CEO until June 2023.
Recently, he held the position of NAGA’s Chief Information Officer.
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Retail FX
NAGA Achieves EUR 45.5 Million in Revenue and Highest-Ever EBITDA
2024-01-09T15:13:26.244+02:00
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.
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Retail FX
Naga Markets Settles with CySEC for €150K over Violations
2023-12-29T15:14:55.291+02:00
The company was sanctioned by CySEC for non-compliance in several areas.
The retail brokerage has already paid the settlement amount.
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Retail FX
NAGA and Capex.com to Merge, Projecting $250M Revenue
2023-12-19T12:38:51.948+02:00
Capex.com's CEO invests $9 million in NAGA, becoming the Group CEO.
The merger should be finalized before the second quarter of 2024.
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Retail FX
NAGA's Earnings Exceed Initial Estimates in H1 2023, Final Report Indicates
2023-12-13T14:57:55.132+02:00
The company reported preliminary results five months ago.
However, as the full report shows, the revenue was underestimated by several million euros.
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Retail FX
NAGA's EU Customers Brought 90% FY22 Revenue: Losses Mounted to €37M
2023-11-06T11:04:52.190+02:00
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.
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Retail FX
NAGA Transforms €4.2M Loss into €4.2M Profit as First-Time Deposits Soar by 100%
2023-10-05T11:49:03.224+02:00
Retail brokerage increased the number of active accounts to 20,400.
In addition, the average value of the first deposit rose 105%.
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Retail FX
NAGA Reports 22% Jump in Active Traders in H1 2023
2023-07-11T15:51:10.679+02:00
The company saw an increase of 22% in active traders.
Reported trading volume also rose to EUR 69 billion.
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Retail FX
Why I Gave Up My CEO Role to Become CIO: NAGA's Founder Ben Bilski
2023-07-10T22:45:21.372+02:00
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."
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Retail FX
NAGA Successfully Secures $8.2m Funding and Promotes New CEO
2023-06-19T14:33:54.585+02:00
Milonas is taking the role of the company's Chief Executive Officer.
NAGA also informed about the closed funding round that begun in April.
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Retail FX
NAGA Seeks to Raise $8.2M in Convertible Bond
2023-04-17T15:09:45.343+02:00
Upon full conversion, the bonds will raise NAGA's current share capital by 7.7%.
NAGA Group "incurred significant losses last year."
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See more
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