NAGA Added Private Insurance for European Clients
The broker has introduced a private insurance policy covering up to €1 million in assets for eligible European clients.
Updated on Oct. 9, 2026 in Financial Services
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NAGA has launched a private insurance policy to protect clients of its CySEC-regulated European business against broker insolvency. This coverage applies to cash and securities, including shares and ETFs, for eligible individuals and small businesses.
Why it matters
The policy provides significant additional protection for assets lost through fraud, theft, or misconduct during insolvency. It expands security beyond standard regulatory mandates for qualifying users of the platform.
The new policy provides up to €1 million in coverage per eligible client for cash and securities. This significantly exceeds the €20,000 protection limit currently provided by the Cyprus Investor Compensation Fund.
The players
NAGA
NAGA is a financial services company that operates brokerage entities regulated in multiple jurisdictions.
CySEC
The Cyprus Securities and Exchange Commission is the independent public supervisory authority responsible for the supervision of investment services firms in Cyprus.
The details
The insurance covers assets during broker insolvency but specifically excludes CFD positions, market declines, and trading losses. Claims are processed through the insolvency proceedings rather than being paid directly to the customer, and payments may be reduced if total losses exceed the aggregate limit.
Timeline
The private insurance policy is valid through September 30, 2027.
Market Landscape
This move follows a pattern set by the Cyprus Investor Compensation Fund by providing an extra layer of asset security for investors. By offering higher limits, the firm attempts to differentiate its offering in a competitive brokerage sector that often relies on base-level regulatory protections.
Eligible European users now have enhanced protection for their cash and equity holdings, though CFD traders remain uncovered. Customers should note that claims are linked to the formal insolvency process, meaning potential payouts depend on the undisclosed total aggregate limit of the policy.
The takeaway
Clients should review the terms of their brokerage account to confirm if they reside in an eligible region covered by this policy. While this insurance adds a layer of security for long-term investments, it does not mitigate the risks associated with market volatility or speculative CFD trading.
Further reading
Learn more about the evolving landscape of Financial Services.
Source note: This article includes information reported by Finance Magnates.
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