Trading CFDs carries a high risk of losing money rapidly. Confirm this broker's current loss-rate disclosure and regulated entity before opening an account. Read the full risk disclosure.
NAGA vs ThinkMarkets
A field-by-field comparison based on the current BrokaBoy catalogue. Check current pricing and the regulated entity on each broker's website before deciding.
Some figures on this page are taken from broker-published information and have not yet been checked against current terms. Confirm details on the broker's website.
Last updated: 4 October 2026 · Reviewed by BrokaBoy Research Team
| Field | NAGA | ThinkMarkets |
|---|---|---|
| BrokaBoy score | 6.1/10 | 8.9/10 |
| Trustpilot rating | Trustpilot 3.4 (4,098 reviews) | Trustpilot 3.4 (520 reviews) |
| Listed minimum deposit | $250 | $0 |
| Advertised spread from | 1.0 pips | 0.0 pips |
| Advertised maximum leverage | Up to 1:1000 (entity dependent) | Up to 1:500 (entity dependent) |
| Regulators | CySEC, FSA, FSCA | FCA, FSCA, ASIC, CySEC, FSA |
| Platforms | MetaTrader 4, MetaTrader 5, NAGA Web, NAGA App | MetaTrader 4, MetaTrader 5, ThinkTrader |
| Instruments | Forex, Indices, Commodities, Stocks, Crypto | Forex, Indices, Commodities, Stocks, Crypto |
| Account types | Standard, Premium, Crystal | Standard, ThinkZero |
| Founded | 2015 | 2010 |
| Spread type | Variable | Variable |
| Commission | Varies by account type | Varies by account type |
| Overnight / swap | Overnight swap charges apply on positions held past rollover. | Overnight swap charges apply on positions held past rollover. |
| Withdrawals | Most withdrawal methods are free; third-party fees may apply. | Most withdrawal methods are free; third-party fees may apply. |
Key differences
- ThinkMarkets has a lower listed minimum deposit ($0 vs $250).
- ThinkMarkets has the higher BrokaBoy score (8.9/10 vs 6.1/10).
- Both brokers hold licences with CySEC, FSA, FSCA.
- Only NAGA lists NAGA Web, NAGA App among its platforms.
- Only ThinkMarkets lists ThinkTrader among its platforms.
Which should you choose?
- Choose ThinkMarkets if a lower listed opening deposit is your priority.
- Choose NAGA if you want the broader platform list shown in our catalogue (4 vs 3).
- Choose the broker whose regulated entity covers your country and provides the protections you need; confirm this on the regulator's register.
Frequently asked questions
Which has the lower minimum deposit, NAGA or ThinkMarkets?+
ThinkMarkets has the lower listed minimum deposit ($0 vs $250). Confirm current terms with each broker.
Are NAGA and ThinkMarkets regulated by the same authorities?+
They share CySEC, FSA, FSCA. NAGA lists CySEC, FSA, FSCA; ThinkMarkets lists FCA, FSCA, ASIC, CySEC, FSA in our catalogue.
Which has the higher BrokaBoy score?+
ThinkMarkets scores 8.9/10 against 6.1/10. The score is calculated from advertised catalogue data and excludes Trustpilot ratings.
Do NAGA and ThinkMarkets support the same platforms?+
Both list MetaTrader 4, MetaTrader 5. NAGA lists more platforms overall.
