nextmarkets Review 2022

Flag Traders in United States welcome

nextmarkets is a German stock and CFD broker with more than 800 instruments available for web and mobile-based trading.

InstrumentsCFD, Forex, Crypto, Stocks
Demo AccountYes
Min. Deposit$0
Payment Methods
Min. Trade$1
Regulated ByMFSA
MetaTrader 4No
MetaTrader 5No
cTraderNo
STP AccountNo
ECN AccountNo
DMA AccountNo
MAM AccountNo
PAMM AccountNo
LAMM AccountNo
Demat AccountNo
Mobile AppsiOS & Android
Margin TradingYes
Volatility IndexNo
Spot TradingYes
Perpetual SwapsNo
ELWsNo
REITsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionNo
Market MakerNo
Social TradingNo
Copy TradingNo
Islamic AccountNo
Account Currencies
  • EUR
  • GBP
Commodities
  • Silver
CFD Tradingnextmarkets clients can trade CFDs in a wide range of markets, including stocks, crypto, indices, forex, commodities and ETFs.
CFD FTSE Spread1
CFD GBPUSD Spread1
CFD Oil SpreadN/A
CFD Stocks SpreadVariable
CFD Leverage1:30
Forex Tradingnextmarkets offers more than 20 currency pairs, including major, minor and exotic pairs, available as spot and CFD instruments on Gettex.
Forex GBPUSD Spread1
Forex EURUSD Spread0.6
Forex EURGBP Spread0.8
Forex Assets21
Crypto Tradingnextmarkets supports crypto trading using CFDs in a range of popular tokens against the US dollar.
Crypto SpreadVariable
Crypto LendingNo
Crypto MiningNo
Crypto Auto Market MakerNo
Crypto Coins
  • BTC
  • DOGE
  • ETH
Risk Warning – Your capital is at risk

nextmarkets Trading Ltd is an online broker that offers clients access to a wide range of assets, including stocks, forex, ETFs and CFDs. The brand is recognisable by its n3 logo and boasts competitive leverage rates alongside more than 800 instruments. This 2022 nextmarkets review will cover everything you need to know, including fees and spreads, customer support channels, payment methods and more.

nextmarkets Headlines

nextmarkets Trading Ltd is a neobroker founded in 2016 and registered in Malta. It is a subsidiary of nextmarkets AG GmbH, a company founded in 2014 and headquartered in Cologne, Germany. The company was established by co-founders Dom and Manuel Heyden, two brothers that have had esteemed careers in the financial and technological sectors. The broker has received funding from a range of well-known investors including Peter Thiel, the co-founder of PayPal.

The firm is regulated by the Malta Financial Services Authority (MFSA). While no specific valuation is available on sites like Crunchbase, the company has received over $43 million in funding through various investment rounds. Customers are accepted from a range of European countries, including Belgium, France, Germany, Spain and the United Kingdom. Over 1 million trades are completed every year through the platform.

Trading Platform

nextmarkets has developed its online trading platform, called Gettex. The platform runs on almost any browser and does not need to be downloaded to the desktop. Placing orders is simple, easy and can be done in units or in selected amounts. Leverage and margin can be scaled to whichever value the user desires. There is also a mass of charts and technical indicators to assist in research and analysis. Moreover, clients can implement risk management strategies such as stop-loss orders through the platform.

Assets

There are over 800 different assets and trading instruments available for nextmarkets customers. The broker covers a variety of classes, including forex, stocks, CFDs and cryptocurrencies. Users can purchase real stocks through the broker’s platform, which provides access to the Munich Stock Exchange. Alternatively, clients can purchase stock CFDs, whereby they do not own the underlying asset. Instruments available are:

Spreads & Commission

nextmarkets average spreads are around 0.8 pips. Comparing this vs competitors such as Smartbroker, eToro, Degiro and Trade Republic, nextmarkets orders have a lower average spread, indicating that they are a cheaper broker to trade with. Additionally, the broker offers commission-free trading, though this is only applicable to orders over EUR 250, any orders below this amount will be charged a EUR 1 commission. The broker does not charge any inactivity fees. The typical spread for the EUR/USD currency pair is 0.6 pips, much lower than the industry average.

Leverage

nextmarkets used to offer a maximum leverage rate of 1:200, however, this has now been lowered to 1:30. This is in line with EU law, which dictates that leverage rates above this cannot be offered to retail traders. The leverage is scalable, if you wanted to trade with 1:5 or 1:25, you can as you have full control. Trading with a leverage of 1:30 means users can put down EUR 100 and trade with EUR 3,000. While this may increase winnings, it also magnifies losses, so caution must be taken.

nextMarkets trading platform

Mobile Apps

nextmarkets provides its mobile trading app. The app is available for download on both iOS and Android and has positive reviews on both stores with average ratings of 4.7 out of 5. The app is almost fully featured. All order types are available and placing orders is simple. The layout is intuitive and easy to use. The only thing the app is lacking is some of the chart analysis functions that are available on the web trading platform.

Payment Methods

There is no minimum deposit with nextmarkets. Equally, there are no deposit or withdrawal fees. Deposits are processed over different timeframes depending on the method (credit cards and debit cards are instant while bank transfers can take up to three days). Withdrawals take approximately one to two days to process. The minimum withdrawal amount is EUR 150. Deposits and withdrawals can be made via the following methods:

Demo Account

nextmarkets does offer a free demo account for users. The brokers’ customers can use this account to test their trading skills and get used to the platform. All clients should use the demo account first to support the platform learning process, it will also give great insights into your potential earnings. If you were thinking of quitting your careers and jobs to trade full time, the demo account will help you learn your potential before you start risking your hard-earned capital from the bank.

Regulation

nextmarkets Trading Ltd is regulated by the Malta Financial Services Authority (MFSA). This is an EU-based regulatory body and, as such, the broker complies with all EU laws and rules.

Additional Features

Education

nextmarkets provides a wealth of educational resources on its website. These include tutorials, YouTube videos and a range of learning articles. These resources are designed to teach customers everything they need to know about trading on the platform and in general, from how the markets work to what contracts for difference (CFDs) do. With so many resources, it is almost a trading school.

Coaches

nextmarkets has a team of pro coaches that analyse up to 100 different assets per month. There are 17 different coaches available, including Andre Stagge and Gerry Celeya. They will research the market for you and recommend different products for you to purchase so that you can save time.nextmarkets trading education platform

Account Types

nextmarkets provides a single one-size-fits-all account for its customers. There is no minimum deposit and anyone can open this account, providing they are of legal age. The benefit of only providing one account type is that the best spreads are not hidden behind paywalls and high minimum deposits.

Benefits

Drawbacks

Trading Hours

nextmarkets assets vary according to the markets they are listed on. For example, forex currency pairs can be traded during the standard forex session, 24/5 on weekdays with breaks on weekends. Stocks are available to trade when the Munich Stock Exchange is open for business.

Customer Support

nextmarkets customer support can be reached Monday to Friday between 09:00 and 18:00 CET. The team is available to help in all scenarios, whether you have forgotten your login details or have another issue that needs resolving. The broker can be contacted via the following methods:

Additionally, nextmarkets GmbH can be found on a range of social media platforms, including Facebook, Twitter, Instagram and LinkedIn.

Security

nextmarkets use a two-factor authentication (2FA) system for logins to add a layer of protection to accounts. Once activated, an SMS or push notification will be sent to the registered phone when someone tries to sign in.

The broker is also part of the Investor Compensation Scheme, which ensures that, should the broker go bankrupt, clients will be paid at least 90% of their funds. Moreover, your deposit and funds are held in a separate account from the broker’s funds, so they cannot be used for company business.

nextmarkets Verdict

nextmarkets is an exciting broker out of Malta and Germany, Recent news articles are pegging them as the up-and-coming broker in Europe who could rival the established names. With a range of forex, ETF and CFD instruments to trade, users will be able to find whatever they are looking for on nextmarkets.

FAQs

Is nextmarkets Legit?

Yes, nextmarkets is a legitimate, regulated broker. The firm has received many positive reviews on both Trustpilot and Reddit and complies with European legislation.

How Much Capital Do I Need To Trade On nextmarkets?

There is no minimum deposit limit on nextmarkets accounts. Therefore, you can start trading with any amount of money, which is great for beginners or casual traders.

Where Is nextmarkets Regulated?

nextmarkets is regulated by the Malta Financial Services Authority (MFSA). This is an EU body and, therefore, the broker complies with all EU laws.

Does nextmarkets Run Promotions?

No, nextmarkets does not run promotional events and financial incentives. These are prohibited under EU regulation, with firms instead needing to rely on differentiation through competitive services.

Does nextmarkets Offer A Demo Account?

Yes, nextmarkets offers a demo account, which is a great place to get used to the platform and practise strategies. These provide virtual funds in a simulated trading environment for risk-free practice.

Accepted Countries

nextmarkets accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Compare nextmarkets

Compare nextmarkets with similar brokers that accept traders from your location. Among available brokers these are the most similar to nextmarkets:

  1. IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.
  2. eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. eToro USA LLC does not offer CFDs, only real crypto assets available.
  3. Forex.com – Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer tight spreads on a cutting edge platform.
  4. AAAFx – AAAFx offers CFD trading in forex, commodities, indices and cryptocurrencies.

nextmarkets Comparison Table

Compare nextmarkets With Similar Brokers
nextmarkets IG Group eToro Forex.com AAAFx
Rating 4.4 4.7 4.5
Markets Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit $0 £250 $10 $100 $10
Minimum Trade $1 0.1 lots $10 $1 0.01 lots
Regulators MFSA FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin FCA, CySEC, ASIC, FSA CySEC, IIROC, NFA, CFTC, FCA, CIMA HCMC (Greece), FSCA (South Africa)
Bonus No 100% Deposit Bonus available for Global clients
Education Yes Yes Yes No
Platforms MT4 MT4 MT4, MT5
Leverage 1:30 1:30 1:30 EU 1:200 1:30 EU, 1:500 Global
Payment Methods 6 6 14 8 8
Detailed Comparison nextmarkets vs IG Group nextmarkets vs eToro nextmarkets vs Forex.com nextmarkets vs AAAFx
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Compare Trading Instruments

Compare nextmarkets Trading Instruments
nextmarkets IG Group eToro Forex.com AAAFx
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil No Yes Yes Yes No
Gold No Yes Yes Yes Yes
Copper No Yes Yes No No
Silver Yes Yes Yes Yes No
Corn No No Yes No No
Crypto Yes Yes Yes Yes Yes
Futures No Yes No Yes No
Options No Yes No Yes No
ETFs Yes Yes Yes No No
Bonds Yes No No No
Warrants No No No No
Spreadbetting No Yes No No No
Volatility Index No Yes Yes No No

nextmarkets vs Other Brokers

Compare nextmarkets with any other broker by selecting the other broker below.

nextmarkets vs
nextmarkets is a German stock and CFD broker with more than 800 instruments available for web and mobile-based trading.