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Naga
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
Investing in US Securities? Something is Stalking You …
Thought Leadership
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
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Investing in US Securities? Something is Stalking You …
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Naga
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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 and Capex.com to Merge, Projecting $250M Revenue
Capex.com's CEO invests $9 million in NAGA, becoming the Group CEO.
The merger should be finalized before the second quarter of 2024.
Tuesday, 19/12/2023 | 10:38 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 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
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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
Retail FX
NAGA Successfully Secures $8.2m Funding and Promotes New CEO
Milonas is taking the role of the company's Chief Executive Officer.
NAGA also informed about the closed funding round that begun in April.
Monday, 19/06/2023 | 12:33 GMT
by
Damian Chmiel
Retail FX
NAGA Seeks to Raise $8.2M in Convertible Bond
Upon full conversion, the bonds will raise NAGA's current share capital by 7.7%.
NAGA Group "incurred significant losses last year."
Monday, 17/04/2023 | 13:09 GMT
by
Solomon Oladipupo
Retail FX
NAGA’s Revenue Drops 36% in Q1 2023 despite Growth in Active Users
The neo-brokerage's revenue jumped 63% YoY to EUR 18M in Q1 2022.
The volume worth EUR 37 billion was traded by NAGA users in Q1 2023.
Tuesday, 04/04/2023 | 16:15 GMT
by
Solomon Oladipupo
Technology
With Only 3% of Total Traded Volume, Is Social trading "Dead?”
Although social trading was introduced over 15 years ago, it doesn't dominate retail trading.
Over one-third of brokers offer it to retail clients.
Saturday, 04/03/2023 | 20:02 GMT
by
Sylwester Majewski
Retail FX
Germany's NAGA Group Reports Profit for First Few Weeks of 2023
The German fintech group made a profit of about €1.5 million YTD.
The Group's revenue declined 6% to €52 million in 2022.
Thursday, 09/02/2023 | 14:27 GMT
by
Solomon Oladipupo
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Retail FX
NAGA Discusses Possible Merger with Unnamed 'Multi-Country' Broker
The possible merger is expected to be completed by Q4 2023.
The Group recently secured a Seychelles license.
Thursday, 19/01/2023 | 16:38 GMT
by
Solomon Oladipupo
Executives
NAGA Hires Eurotrader’s Matthew Kent as Institutional Sales Director
Kent held the same position at Eurotrader for over two years.
NAGA Group received a Seychelles license last month.
Wednesday, 23/11/2022 | 21:22 GMT
by
Solomon Oladipupo
Retail FX
NAGA Gains Seychelles License to Accelerate Global Presence
The company intends to enter the Brazilian crypto market.
It now focuses on improving operational efficiency.
Thursday, 13/10/2022 | 05:12 GMT
by
Arnab Shome
Analysis
Analysis
Analysis
Will Crypto Tycoons Threaten Traditional Brokers?
There has been enormous growth in the cryptocurrency industry.
Crypto exchanges may want to expand into equities and CFDs.
Thursday, 25/08/2022 | 12:59 GMT
by
Sylwester Majewski
Executive Moves
Naga Hires Stelios Eleftheriou as Naga Pay and Naga X Managing Director
He has extensive experience working in the trading industry.
Naga is extremely bullish on its crypto business.
Monday, 11/07/2022 | 11:17 GMT
by
Arnab Shome
Executive Moves
NAGA Promotes Antonis Monogios to Head of Dealing
Monogios previously served as the Head of Portfolio Management.
He worked for EverFX and Magic Compass.
Monday, 06/06/2022 | 19:35 GMT
by
Felipe Erazo
Executive Moves
Pawel Cichowski Becomes New Head of Dealing Department at XBO
He worked for NAGA as the Head of Dealing.
Cichowski was previously employed for FxPro Group.
Friday, 03/06/2022 | 17:25 GMT
by
Felipe Erazo
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Brokers
NAGA Posts Record Revenue for April 2022
The company generated revenue of EUR 7 million in the last month.
Preliminary EBITDA came in at EUR 3.6 million.
Thursday, 19/05/2022 | 13:27 GMT
by
Bilal Jafar
Executives
NAGA Promotes Sarah Farah to Head of Retention
She has been working in the company as Sales Team Leader.
Farah is a former employee of BDSwiss.
Friday, 08/04/2022 | 21:13 GMT
by
Felipe Erazo
Brokers
NAGA to Launch Crypto Exchange in March, January Revenue Hits Record
It will launch an NFT platform.
Brokerage revenue for last month came in at €8 million.
Tuesday, 15/02/2022 | 10:53 GMT
by
Arnab Shome
Executive Moves
OneRoyal Expands Its C-Suite with Four Senior Executives
The new C-Suite bring around half a century’s worth of experience to OneRoyal.
Michael Karakatsianis will take on the role of Group Chief Operating Officer.
Thursday, 13/01/2022 | 14:14 GMT
by
Tom Hazan
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