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Nextmarkets was founded in 2014 by Manuel Heyden and Dominic Heyden. The company emerged as a response to the growing demand for accessible trading platforms that cater to both novice and experienced investors, offering a unique blend of professional coaching and trading services.
Nextmarkets operates under the legal entity Nextmarkets AG, which is a private corporation. The company has expanded its operations and services through a subsidiary, Nextmarkets Trading Limited, which is licensed to provide securities trading services across Europe.
The company's headquarters is situated in Cologne, Nordrhein-Westfalen, Germany. This central location within Europe allows Nextmarkets to efficiently manage operations and comply with EU regulations.
Nextmarkets primarily serves clients within the European Economic Area (EEA), providing a wide range of trading services. The company has also established a presence in other international markets, including Australia, Canada, and Brazil.
Nextmarkets is regulated by the Malta Financial Services Authority (MFSA), which ensures compliance with European financial regulations. The company is also a member of the Investor Compensation Scheme (ICS), providing additional protection for client funds.
Nextmarkets has steadily expanded its range of services and product offerings since its inception. Initially focused on stock trading, the company has diversified into forex, CFDs, and cryptocurrencies, catering to a broader audience of traders.
The company has seen substantial growth in its customer base, attracting both novice and experienced traders. The unique offering of curated investing, where clients can follow professional analysts, has contributed to its appeal.
Nextmarkets has developed a proprietary trading platform that integrates various trading functionalities, including real-time market data, analysis tools, and a user-friendly interface. The platform has undergone continuous improvements to enhance user experience and trading efficiency.
Nextmarkets has received recognition for its innovative approach to trading and customer service, including accolades for its mobile application and user interface design.
Nextmarkets offers trading in a limited selection of currency pairs, with approximately 22 major and minor pairs available for trading. This allows clients to engage in forex trading with competitive spreads.
The platform provides access to over 8,000 stocks from various global markets, allowing investors to trade shares from major exchanges without incurring commission fees on larger orders.
Nextmarkets offers a wide range of CFD products, including indices, stocks, and commodities. This enables traders to speculate on price movements without owning the underlying assets.
In addition to stocks and CFDs, Nextmarkets allows trading in cryptocurrencies, commodities, and bonds. This diverse range of instruments caters to various trading strategies and risk appetites.
One of the standout features of Nextmarkets is its curated investing service, where clients can follow and replicate the trades of experienced analysts. This unique approach helps novice traders gain insights and improve their trading skills.
Nextmarkets is regulated by the following bodies:
Nextmarkets AG operates in Germany, while its subsidiary, Nextmarkets Trading Limited, is based in Malta. This structure allows the company to provide services across the EEA while adhering to local regulations.
Client funds are held in segregated accounts at reputable banks, ensuring that they are protected in the event of insolvency. Additionally, the ICS provides coverage for client deposits up to €20,000.
Nextmarkets primarily serves clients in the EEA, with additional markets in Australia, Canada, and Brazil. However, clients from certain countries, including the United States and other sanctioned regions, are restricted from opening accounts.
Nextmarkets has maintained a clean compliance record with its regulatory obligations. The company's adherence to the MFSA's standards reflects its commitment to operational integrity and client protection.
Nextmarkets competes with several notable brokers in the industry, including:
Nextmarkets positions itself as a commission-free broker with a strong emphasis on education and coaching. This focus on providing professional insights distinguishes it from traditional brokers that primarily emphasize execution.
Key differentiators for Nextmarkets include:
In conclusion, Nextmarkets has established itself as a reputable online broker within the European market, offering a diverse range of trading services while maintaining a strong focus on client education and support. As the company continues to evolve and expand its offerings, it remains committed to providing a secure and innovative trading experience for its clients.