Hmmm. I don’t personally have an account with NAGA, but I’ve seen a few people here who have accounts with them. For the most part, I think they’re legit and their reviews aren’t that bad also.
I’ve just opened a new account with Naga. When signing up you are given the option of trading under their EU regulations (jurisdiction) or with their offshore regulated one. It also gives the breakdown of the terms and protections each regulation jurisdiction gives. The offshore one gives the high leverage and the EU gives 30:1. I chose the 30:1 EU regulated account. Anyone can choose whatever they want, it is not against EU regs for the client to choose their own jurisdiction, however, it is a…
Realise it’s an old thread but in my limited experience trading forex (also a newbie) I would recommend Naga Markets. I tried a few like FXPro and easymarkets but they didnt take the time to explain things to me. Naga Markets is a german broker and offers free seminars and their team are very helpful. Plus I have an app with everything I need so it’s more practical.
A few to avoid are IronFX, FXGlobe, AAATrade.