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Retail FX

NAGA Expands Middle East Market Access: Adds UAE and Saudi Stocks

  • 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.
Wednesday, 27/11/2024 | 06:16 GMT by Arnab Shome
Executives

STARTRADER Names Ex-MultiBank Executive to Lead European Business Development

  • 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.
Monday, 11/11/2024 | 11:01 GMT by Tareq Sikder
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's Unified Website Delivers Integrated Trading, Investing, and Crypto Tools

  • 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.
Thursday, 03/10/2024 | 10:17 GMT by Tareq Sikder
Retail FX

NAGA Brings CFDs to Telegram: From Onboarding to Trading Directly on the Social Medium

  • 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.
Thursday, 19/09/2024 | 08:56 GMT by Arnab Shome
Executives

Admirals Veteran Takes on Head of B2B Role at NAGA after 3 Years

  • 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.
Wednesday, 11/09/2024 | 15:04 GMT by Tareq Sikder
Retail FX

NAGA Strikes a Sponsorship Goal with Germany’s Borussia Dortmund

  • 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.
Wednesday, 04/09/2024 | 12:54 GMT by Jared Kirui
Retail FX

NAGA Group Completes Key Way Merger, Targets €9M in Annual Cost Savings

  • 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.
Thursday, 29/08/2024 | 19:48 GMT by Jared Kirui
Executives

NAGA's Sam Chaney Leaves Role as Chief Commercial Officer

  • 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.
Tuesday, 30/07/2024 | 12:25 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
Executives

NAGA Welcomes Former Tickmill Leader Loukia Matsia as New Head of Compliance

  • Matsia spent over 8 years overseeing compliance at Tickmill.
  • She held the position of Head of Administration and HR at CommexFX.
Wednesday, 17/04/2024 | 16:58 GMT by Tareq Sikder
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
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
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