Please select the second broker

Home page -> Broker finder -> NextMarkets
Title

NextMarkets Broker Review

Review By: Max Webster Review Updated: August 15, 2019

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

Forex ETF Stocks CFD Crypto

Spread

1

Max. Leverage

1:300 Pro

Deposit Protection

₹50,000

Min. Deposit

₹100

Spread

1

Max. Leverage

1:300 Pro

Deposit Protection

₹50,000

Min. Deposit

₹100

Spread

0.6

Max. Leverage

1:300 Pro

Deposit Protection

₹50,000

Min. Deposit

₹100

Spread

1

Max. Leverage

1:30

Deposit Protection

₹50,000

Min. Deposit

₹100

Our Overall Rating

Rating NAN

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.

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.

Related Guides

ETX

From 0.6

Spreads:

See All Spreads

₹100

Min. deposit

Learn More
  • MT5
  • MT4
  • WebTrader
  • Mobile apps
  • Proprietary
See Platforms
  • Micro
  • Retail
  • VIP
  • Professional
See Accounts
  • Fixed
  • Variable
See Spreads
  • Bank transfer
  • Credit Cards
  • PayPal
See Methods
Take Me To Broker Compare Brokers Side by Side Read Full Review
WCB Logo

USGFX

Spreads:

Min. deposit

  • MT5
  • MT4
  • WebTrader
  • Mobile apps
  • Proprietary
  • Micro
  • Retail
  • VIP
  • Professional
  • Fixed
  • Variable
  • Bank transfer
  • Credit Cards
  • PayPal
Compare Brokers Side by Side Read Full Review
roboforex broker platform review

RoboForex

Spreads:

See All Spreads

Min. deposit

Learn More
  • MT5
  • MT4
  • WebTrader
  • Mobile apps
  • Proprietary
See Platforms
  • Micro
  • Retail
  • VIP
  • Professional
See Accounts
  • Fixed
  • Variable
See Spreads
  • Bank transfer
  • Credit Cards
  • PayPal
See Methods
Take Me To Broker Compare Brokers Side by Side Read Full Review
fxgiants broker platform review

FXGiants

From 0.0Pips

Spreads:

₹350/₹500

Min. deposit

  • MT5
  • MT4
  • WebTrader
  • Mobile apps
  • Proprietary
  • Micro
  • Retail
  • VIP
  • Professional
  • Fixed
  • Variable
  • Bank transfer
  • Credit Cards
  • PayPal
Compare Brokers Side by Side Read Full Review
WCB Logo

NAGA

1.2 Pip

Spreads:

See All Spreads

₹0

Min. deposit

Learn More
  • MT5
  • MT4
  • WebTrader
  • Mobile apps
  • Proprietary
See Platforms
  • Micro
  • Retail
  • VIP
  • Professional
See Accounts
  • Fixed
  • Variable
See Spreads
  • Bank transfer
  • Credit Cards
  • PayPal
See Methods
Take Me To Broker Compare Brokers Side by Side Read Full Review

AvaTrade

From 0.9

Spreads:

See All Spreads

₹100

Min. deposit

Learn More
  • MT5
  • MT4
  • WebTrader
  • Mobile apps
  • Proprietary
See Platforms
  • Micro
  • Retail
  • VIP
  • Professional
See Accounts
  • Fixed
  • Variable
See Spreads
  • Bank transfer
  • Credit Cards
  • PayPal
See Methods
Take Me To Broker Compare Brokers Side by Side Read Full Review
GO TO THE compare brokers

Ratings

Rating

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.