Please select the second broker

Get Further Details About To Your Inbox

Home page ->Broker finder ->NextMarkets
Title

NextMarkets Broker Review

Review By: Alan LittleReview Updated: 2021-02-22

Address: NextMarkets Trading Ltd Portomaso Business Tower, Level 13 St. Julians, STJ 4011 Malta

forexetfstockscfdcryptocommodities

Spread

From 0.6 pips

Max. Leverage

1:100

Deposit Protection

NIL

Min. Deposit

€500 EUR

Spread

From $0.1 USD

Max. Leverage

1:5

Deposit Protection

NIL

Min. Deposit

€500 EUR

Spread

From 0.9 pips

Max. Leverage

1:20

Deposit Protection

NIL

Min. Deposit

€500 EUR

Spread

From 0.9 pips

Max. Leverage

1:20

Deposit Protection

NIL

Min. Deposit

€500 EUR

Spread

From $2 USD

Max. Leverage

1:2

Deposit Protection

NIL

Min. Deposit

€500 EUR

Spread

From $0.012 USD

Max. Leverage

1:20

Deposit Protection

NIL

Min. Deposit

€500 EUR

Our Overall Rating

Rating4

Our full Nextmarkets review is coming soon.

NextMarkets is an online broker, offering Forex, Cryptocurrencies, and other financial instruments. Based in Malta and regulated by the Malta Financial Services Authority (MFSA), NextMarkets Trading Limited is a subsidiary of NextMarkets GmbH, based in Cologne, Germany. This relatively new broker is taking an innovative approach to trading, aiming to offer clients a “market coach, analyst, and trading platform – all in one”. The site provides eleven experienced analysts who can coach clients and draw their attention to interesting opportunities. The ability to follow and learn from these analysts is built into the platform.

Commissions & Fees

Rating

Like many online brokers, NextMarket offers a no-commission model and instead takes its fees from the spreads. These spreads are very competitive, with a spread of 0.6 pips on EUR/USD currently quoted. Trading costs, therefore, work out very low, and there are also very few extra or ‘hidden’ fees. The broker offers free deposits, with no account administration fee. Clients receive free real-time market quotes, and a free demo account, with up to $10,000 of virtual money. There is also EU account deposit protection of up to £20,000 (GBP).

Platforms & Tools

Rating

NextMarkets offer an in-house web-based trading platform which is very clean, uncluttered and user-friendly. And they provide a range of trading and charting tools and easy access to all markets and assets. Various technical indicators are included, along with the software that makes it possible for traders to easily follow the in-house analysts and benefit from their ideas and strategies, in real-time. It is, of course, also possible to trade independently. The broker offers free mobile trading apps for both iOS and Android devices.

Customer Service

Rating

Customer support can be contacted via a dedicated support phone line, or by filling out a contact form on the website. There is no live chat, which is unfortunate, given how popular this form of contact is. Additionally, there is no dedicated email support address, but the contact form works in the same way, as you will receive an answer from support staff. The first stop for customers looking for answers to common questions should be the extensive help section, available from the footer of the home page. The help section is broken down into categories for ease of use and is also searchable if you have a specific question.

Research

Rating

Ease of Use

Rating

Mobile Trading

Rating

Regulatory details

NextMarkets Prohibited countries:

United States

From their website:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Final Thoughts

NextMarkets provides an intuitive, easy-to-navigate platform, with some exciting features. Many newer traders will be fascinated by the concept of being able to get advice and ‘coaching’ from in-house analysts, and the platform makes this a smooth and integrated feature for all traders. There is a lack of choice regarding accounts, with just one main account type, and some traders would no doubt prefer to see the MetaTrader 4 platform available too, which it currently isn’t. However, the mix of education and social trading provided by the in-house experts, along with extras like a risk-free demo account, and wide range of technical indicators, will certainly make this broker appealing to many online traders.


Before you go…. have you spotted any data in our Nextmarkets review which you think is inaccurate? If so please tell us

FAQ

Our NextMarkets review has been written by expert traders. All platforms from customer care teams to the trades, have been robustly tested.

Related Guides

WCB Logo
Rating4.7
Read XM ReviewCompare XM
$5 USD Min DepositSpread Variable
  • MT5
  • MT4
  • WebTrader
  • Mobile apps
  • Bank transfer
  • Credit Cards
WCB Logo
Rating4.5
Read Pepperstone ReviewCompare Pepperstone
$200 AUD Min DepositSpread From 0.3 Points
  • MT5
  • MT4
  • WebTrader
  • Mobile apps
  • Bank transfer
  • Credit Cards
WCB Logo
Rating4.7
Read OctaFX ReviewCompare OctaFX
$5 USD Min DepositSpread From 0.2 pips
  • MT5
  • MT4
  • WebTrader
  • Mobile apps
  • cTrader
  • Bank transfer
  • Credit Cards
WCB Logo
Rating4.2
Read eToro ReviewCompare eToro
$200 Min DepositSpread From 0.75 Points
  • WebTrader
  • Mobile apps
  • Proprietary
  • Bank transfer
  • Credit Cards
  • PayPal
Visit BrokerCryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.Open Demo AccountBroker Callback
GO TO THE compare brokers

Ratings

Rating
  • Commissions & FeesRating
  • Platforms & ToolsRating
  • Customer ServiceRating
  • ResearchRating
  • Ease of UseRating
  • Mobile TradingRating

What is your experience with this broker?

With over 4,000 brokers active globally, it’s good to share your experience with others. Spread the word on good or bad brokers. Disclaimer: Comments on this site are not the opinion of WeCompareBrokers and we are not responsible for the views and opinions posted by site users. If you are unhappy with any comments, please email complaints @ wecomparebrokers.com

Important: You (the person writing the comment) are responsible for any comments you post and use this site in agreement with our Terms.