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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
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
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
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
Brokers

NAGA Plans for a US IPO to Tap Broader Investor Base

  • The broker will terminate direct businesses in the United Kingdom throughout the month of December.
Wednesday, 24/11/2021 | 10:02 GMT by Arnab Shome
Brokers

NAGA Secures Another €34 Million as Growth Capital

  • The company will use the funds in financing global growth and enhanced marketing measures.
Friday, 19/11/2021 | 10:44 GMT by Arnab Shome
Brokers

NAGA Lifts Q3 EBITDA to €5.7 Million

  • The company earlier reported its unaudited quarterly EBITDA to be EUR 4.5 million.
Monday, 01/11/2021 | 12:23 GMT by Arnab Shome
Brokers

NAGA Launches Stock Trading Globally and Announces Its Own NFT Marketplace

  • NAGA's NFT marketplace will be available at some point in Q4 of 2021.
Wednesday, 27/10/2021 | 07:00 GMT by Felipe Erazo
Brokers

NAGA Ends Q3 2021 with Record $21 Million Revenue

  • The social trading company has generated $48 million so far this year.
Monday, 11/10/2021 | 07:45 GMT by Arnab Shome
Brokers

NAGA Becomes Sponsor of Spanish Football Club Sevilla FC

  • The two have inked a multi-year deal but did not disclose the terms.
Friday, 06/08/2021 | 10:35 GMT by Arnab Shome
Brokers

NAGA Sets Record with $15 Million in Q2 2021 Revenue

  • The brokerage has reported a continuous surge in its revenue for the last 11 quarters.
Tuesday, 20/07/2021 | 12:20 GMT by Arnab Shome
Brokers

NAGA Cross-Lists Shares in the US as Sales Jumped 90%

  • The shares of the company will be parallelly listed on OTCQX Venture Market.
Monday, 21/06/2021 | 11:40 GMT by Arnab Shome
Payments

NAGA Taps Visa to Launch Payments Platform in Q3

  • The company is combining payments, brokerage and crypto on a single platform.
Monday, 14/06/2021 | 12:42 GMT by Arnab Shome
Brokers

NAGA Group Secures $30 Million Financing as Demand Soars

  • The share price of the broker jumped over 6 percent in early Tuesday’s trading session.
Tuesday, 09/03/2021 | 09:34 GMT by Arnab Shome
Brokers

NAGA Group Ends 2020 with Record €25.9 Million Sales

  • The company announced sales guidance of nearly €52 million for 2021, shares jumped by more than 13%.
Monday, 11/01/2021 | 13:53 GMT by Bilal Jafar
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