Rating Index

Pros

Commission-free trading for orders above €250, making it accessible for many investors.

Offers 300 monthly investment ideas from expert coaches, which is beneficial for beginners.

Wide range of tradable assets, allowing for diversification within a single account.

Cons

Limited educational resources, which may hinder inexperienced traders from gaining essential knowledge.

Website and trading platform have been reported to experience bugs and lack customization options.

Only regulated by the Malta Financial Services Authority, which may raise concerns for some investors regarding the level of oversight.

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.