The publicly-listed
NAGA Group (XETRA: N4G) has integrated
the Bucharest Stock Exchange (BSE) into its investment platform, becoming the
first international broker to provide retail investors with direct access to
Romanian shares.

This
development expands NAGA’s product portfolio and introduces new investment
options in Eastern Europe at a time when the company’s shares have lost 20%
since the beginning of 2025 and are just a step away from historical lows.

German Fintech NAGA Offers
Retail Access to Romanian Stock Market

The
Hamburg-based fintech company announced the integration today (Tuesday). The
move allows NAGA’s customers to invest in Romania’s economy, which has seen
significant growth in recent years but has remained relatively inaccessible to
international retail investors.

“In
recent years, the Romanian economy has experienced strong growth; however,
access to its capital market has remained limited for international retail
investors. It is time to change that,” said Octavian Patrascu, the CEO of The
NAGA Group AG.

The
Romanian stock market features companies from traditional industrial production
and the energy sector. Firms such as Dacia, OMV Petrom, Romgaz, and
Nuclearelectrica are now available to NAGA’s customers. These companies are
known for their dividend payments and trading liquidity .

“We are
starting this year by allowing NAGA customers to trade shares listed on the
Bucharest Stock Exchange with zero commission,” added the CEO. “And this is
just the beginning – our goal is to maintain the lowest trading fees in the
local market, making investing smarter, more efficient, and aligned with the
long-term success of retail investors.”

NAGA is
offering commission-free trading on BSE-listed shares until the end of 2025 for
customers who register before May 15, 2025.

5,000 Instruments in NAGA’s
Offering

With this
addition, NAGA’s platform now offers over 5,000 financial instruments,
including listed companies and ETFs from more than 10 international markets.
The company’s services encompass social trading, stock and crypto investing,
and neo-banking features.

This is
another addition to NAGA’s offering after the company boosted its digital
assets trading at
the end of January by introducing the CryptoX platform, which eliminates
overnight fees—a major pain point for cryptocurrency CFD contracts.

As of 2023,
there were 85 companies listed on the BSE, with a market capitalization of
$64.9 billion, marking a 52.7% increase from the previous year. Although the
growth is significant, the volumes remain rather modest; for comparison,
Deutsche Börse trades over 2 trillion euros.

NAGA is
listed on this exchange under the ticker N4G. On Tuesday, the company’s shares
are down more than 2%, having fallen over 20% since the beginning of the year,
continuing a negative trend from recent years. As a result, the stock is
trading around €0.55, just a step away from its all-time lows.

NAGA
operates in over 100 countries with nine local offices. The company’s expansion
into the Romanian market could potentially influence other fintech firms and
brokers to explore similar opportunities in Eastern Europe.