Global Next Trade foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://myaccount.globalnexttrade.com/register/, about the company's legal and temporary regulatory information, the company's address Two Artillery Court 2floor 161 Shedden Road, Grand Cayman, Cayman Islands..
Global Next Trade Forex Broker
Basic information
Saint Vincent and the Grenadines
5-10 years Suspicious Regulatory License MT5 Full License Regional Brokers High potential riskCompany profile
Global Next Trade Information
Global Next Trade was registered in Cayman Island while actually operates in Mexico. The company mainly deals in trading in forex, commodities, indices and cryptoscurrencies. It offers three live trading accounts, with a minimum deposit of $200, and tight spreads from 1.8 pips on the Standard account. The advanced MT5 platform is available to enhance customer experiences.
In addition, the broker allows copy trading to follow successful investors and offers PAMM accounts, so you can entrust your trading to experienced money managers for better profit allocation.
However, the broker currently operates without valid regulation from authority bodies, which degrade its legitimacy and reliability.
Pros and Cons
| Pros | Cons |
| Diverse tradable asset classes | No regulation |
| Tiered live accounts | WikiFX complaints about poor earnings |
| Commission-free accounts offered | High minimum deposit |
| Flexible leverage ratios | |
| Copy trading | |
| Popular payment options |
Regulatory Status
Regulation is a crucial aspect of evaluating the legitimacy and reliability of a brokerage firm, and in the case of Global Next Trade, the broker operates without any valid regulatory oversight. The absence of a regulatory framework raises huge concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.
What Can I Trade on Global Next Trade?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Stocks | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type/Fees
Global Next Trade offers four different live accounts: Standard, Silver and Platinum accounts, with increasing minimum deposit requirements of €200, €10,000 and €5,000 respectively.
Spreads are from 1.8 pips for standard account and 0 pip for silver/platinum accounts. However, there's no commission for standard account, while the silver account charges a commission of $5 per side per lot and the platinum account $3.5 per side per lot.
| Account Type | Min Deposit | Spread | Commission |
| Standard | $200 | From 1.8 pips | ❌ |
| Silver | $1 000 | From 0 pips | $5 per side per lot |
| Platinum | $5 000 | From 0 pips | $3.5 per side per lot |
Leverage
Global Next Trade offersa leverage level of up to 1:300 for standard account while 1:200 for silver and platinum accounts, which means you can control a larger position of up to 300 times of your initial deposit.
However, you should always be very prudent to use such tool since leverage not only amplify profits, but losses will be augmented at same level as well.
| Account Type | Max Leverage |
| Standard | 1:300 |
| Silver | 1:200 |
| Platinum |
Trading Platform
The broker offers multiple trading platforms: the advanced MetaTrader 5 with Android and iOS versions, a proprietary Pro Next Trade platform available on both Windows and MacOS, as well as the CQG platform with advanced analysis and charting tools.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ❌ | / | Beginners |
| MT5 | ✔ | Android, iOS | Experienced traders |
| Pro Next Trade | ✔ | Windows, MacOS | Beginners |
| CQG | ✔ | Web | Advanced traders |
Deposit and Withdrawal
Global Next Trade accepts payment through Bitolo (SPEI), Wirebit, and Match2pay (Crypto), as well as the option for domestic and international bank transfers. Additionally, VISA cards are also available for withdrawing profits.
Rating Index
Standard
Profesional
Similar Broker Info
Similar Broker Accounts
Similar Broker Safe
Similar Broker Review
Similar Broker Trade
Latest Reviews
Lamerbeauty
Mexico
Trading with Global Next Trade has its advantages and drawbacks. On the positive side, the broker provides a range of trading instruments, and the diverse account options allow for customization. The G-Trader platform is user-friendly, and I appreciate the availability of a demo account. However, the lack of regulatory oversight is a significant concern, and the absence of educational resources is a drawback for beginners.
Neutral
2023-12-05
kinkill
Portugal
Global Next Trade has been my trading partner for over a year now, and I appreciate the variety it offers. The multiple trading platforms, including MT5 and Gtrader, give me the flexibility I need. The diverse account options cater to different trading styles.
Neutral
2023-12-04
Konner
Japan
Global Next Trade offers super tight spreads that really help in keeping costs low and maximizing profits. And their maximum leverage options are pretty generous, allowing traders to make the most of their capital. Overall, I'm quite happy with their trading conditions and would definitely recommend them to other traders.
Positive
2024-07-09