||0.6 pips on EURUSD
||Web-based trading platform
||currency pairs, cryptocurrencies, over 8,000+ shares, and over 1,000+ exchange-traded funds
||VISA, MasterCard, Trustly, SOFORT, GIROPAY, EPS, IDEAL
||Phone, Email, Online Chat
General Information & Regulation
nextmarkets Trading Limited is a company registered in Malta (registration number C 77603) and authorised and regulated by the Malta Financial Services Authority (MFSA) as a financial services company under licence IS/ 77603. nextmarkets Trading Limited is a subsidiary of nextmarkets AG with headquarters in Cologne.
Investors can trade popular currency pairs, cryptocurrencies, over 8,000 shares, and over 1,000+ exchange-traded funds on the NextMarkets trading platform.
nextmarkets Minimum Deposit
Investors trade all assets on the NextMarkets platform through one account with a minimum deposit of €500. The amount is quite high. Many other brokers would require a much less initial deposit.
nextmarkets Account Opening
Traders can open their Nextmarkets account directly in the app or on the broker's website in less than 6 minutes. Traders will be required to submit a scanned copy of acceptable proof of identification and proof of address. After successful registration, Traders will receive their trading account without any minimum deposit. As soon as they fund their account, they can start trading with their Nextmarkets App or via the broker's website.
nextmarkets offers a maximum of 1:30, in accordance with ESMA guidelines. This is a low leverage ratio, but all European brokers must comply with the requirements set within the EU.
Spreads & Commissions
Like many online brokers, nextmarkets employs a commission-free mode, charging spreads as commissions. Spreads on the NextMarkets platform start from a minimum spread of 0.6 pips on EURUSD.
nextmarkets Trading Platform
nextmarkets offers traders a self-developed web-based trading platform with a very clear and intuitive trading interface, user-friendly, with a range of trading and charting tools that allow traders to access all markets and assets. This trading platform also includes different technical indicators that allow traders to easily follow NextMarkets' in-house analysts to develop their own trading strategies. The trading platform is available for Android and iOS mobile versions.
Deposit and withdrawal
The minimum deposit to trade with nextmarkets is €500
nextmarkets does not accept the follwing deposits:
Deposits from busiess accounts
Deposits that are not clearly attributable to you as account holder (e.g. Paypal, Payback, Transferwise)
nextmarkets' client support team is available 24/7 to respond to clients' trading inquiries, and they can be reached by filling the contact form available on the brokers website. The website is available in seven different languages to reach a wider audience.
nextmarkets offers its services to clients from different parts of the globe where the use of such services would not be contrary to local laws and regulations. Some Nextmarkets features and products mentioned within this Nextmarkets review may not be available to traders from certain countries because of legal restrictions.
Pros & Cons
|Wide product portfolios
||High minimum initial deposit
|Opening an account free of charge
||No account description
|Compeitive forex spreads
||Conservative leverage up to 1:30
|Various payment methods supported
||Only A web-based platform
|7/24 & multilingual Customer support
Frequently Asked Questions
How many financial instruments does nextmarkets offer？
nextmarkets provides access tocurrency pairs, cryptocurrencies, over 8,000+ shares, and over 1,000+ exchange-traded funds.
How much does it cost to open an account？
The opening of an account is free of charge. Threre is no deposit fee, negative interest rates, minimum investment amount or anything similar.
What is the minimum deposit amount required to trade with nextmarkets ？
The minimum deposit amount to trade with nextmarkets is €500.
Does nextmarkets offer leverage？
Yes. nextmarkets offers a maximum of 1:30, in accordance with ESMA guidelines.
What types of orders are available？
With Nextmarkets, limit and stop orders are available in addition to the market order.