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NAGA regulation and licences

naga.com

A social trading and CFD platform run by The NAGA Group AG of Hamburg, which is quoted on the open market of Deutsche Börse. Since a 2024 merger the group also runs the CAPEX.com and Neotrades brands, with licensed companies in Cyprus, the Abu Dhabi Global Market, Seychelles, Mauritius and South Africa.

Ownership
The NAGA Group AG (open market, Deutsche Börse, ISIN DE000A41YCM0); chief executive Constantin-Octavian Patrascu and related companies held 9,630,736 shares at 31 December 2025
Headquarters
Hamburg, Germany
Regulated entities
7 companies, 5 regulators
Last checked
10 October 2026

Regulated entities

EntityRegulatorJurisdictionLicence
NAGA Markets Europe LtdCySECCyprusLicence 204/13
Key Way Investments LtdCySECCyprusLicence 292/16 (CAPEX.com EU; sale agreed March 2025, subject to CySEC approval)
Key Way Markets LtdADGM FSRAAbu Dhabi Global Market, United Arab EmiratesFSP 190005
NAGA Capital LtdFSA SeychellesSeychellesSecurities dealer, licence SD026 (number as stated by the firm)
KW Investments LtdFSA SeychellesSeychellesSecurities dealer, licence SD020 (number as stated by the firm)
Neotrades Capital LtdFSC MauritiusMauritiusInvestment Dealer (Full Service Dealer excluding Underwriting)
JME Financial Services LtdFSCASouth AfricaFinancial services provider (as stated by the firm)

As disclosed by the firm; last checked 10 October 2026 (see sources). Licences were independently verified in audit TBR-A-2026-043.

Sources