nextmarkets broker Accounts

Nextmarkets Account Type

　　Nextmarkets offers two main types of accounts for traders: CFD Account and Pro Account.

CFD Account:

Minimum Deposit: $0
Leverage: Up to 1:30 for retail traders on major currency pairs.
Spreads: Floating spreads starting from 0.6 pips.
Suitable For: Retail traders who are new to trading or prefer a standard trading experience.

Pro Account:

Eligibility: Available for clients who meet specific criteria, such as having a portfolio of at least €500,000 or having completed 10 large trades per quarter.
Leverage: Up to 1:100, providing more flexibility for experienced traders.
Spreads: Similar to the CFD account but with the potential for lower commissions based on trading volume.
Suitable For: Professional traders looking for higher leverage and trading conditions.

Nextmarkets Broker Account Opening Process

　　Opening an account with Nextmarkets is a straightforward and fully online process that typically takes less than 6 minutes. Heres a step-by-step guide:

Visit the Website: Go to the Nextmarkets website or download the mobile app.
Fill Out Registration Form: Provide your email address, country of residence, and create a strong password.
Personal Information: Enter personal details such as name, date of birth, and residential address.
Verify Phone Number: Add and verify your phone number.
Document Submission: Upload proof of identity (passport or ID card) and proof of address (utility bill or bank statement).
Trading Experience Survey: Answer questions regarding your trading experience and financial status.
Account Verification: Nextmarkets will review and verify your application, usually within 1 day.
Fund Your Account: Once verified, you can deposit funds using bank transfer or credit card. The minimum deposit is $0, allowing you to start trading with any amount.