NEXTGEN foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://www.nextgendmcc.com/index.php, about the company's legal and temporary regulatory information, the company's address HDS BUSINESS CENTER Office No: 1008, 10th Floor M-Cluster JUMEIRAH LAKE TOWERS, DUBAI, UAE.
NEXTGEN Forex Broker
Basic information
United Arab Emirates
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
General Information & Regulation
NEXTGEN, a trading name of Nextgen International DMCC, is allegedly a financial company registered in the United Arab Emirates with registration number DMCC-0575 and license number DMCC-30283. The broker claims to provide its clients with multiple trading products and services. Here is the home page of this brokers official site:
As for regulation, NEXTGENs website states it is regulated by the Securities and Commodities Authority with license number 607044. However, it has been verified that the broker does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.12/10. Please be aware of the risk.
Products
NEXTGEN advertises that it offers access to a wide range of trading products in financial markets, including stocks, futures, forex, CFDs, ETFs, mutual funds, indices and hedge fund investing.
Services
NEXTGENs website says it offers all kinds of financial services, covering retail broking and Internet trading services, as well as offering managed accounts, arbitrage and hedging platforms and online trading platforms.
Customer Support
NEXTGENs customer support can be reached by telephone: +971 4 4560384, email: accountsdgcx@nextgendmcc.com or send messages online to get in touch. You can also follow this broker on social networks such as WhatsApp, Twitter, Facebook and LinkedIn. Registered Office: 1008, 10th Floor M-Cluster JUMEIRAH LAKE TOWERS, DUBAI, UAE.
Pros & Cons
| Pros | Cons |
| Wide selection of products and services provided | No Regulation |
| No Online Chat | |
| No details about its products, services | |
| No spreads, leverage information offered |
Is NEXTGEN regulated？
No, NEXTGEN is not regulated, and it was given a very low score of 1.21/10 on WikiFX.
What products and services does NEXTGEN offer？
NEXTGEN offers a series of trading products including Stocks, Futures, Forex, CFD, ETFs, Mutual Funds, as well as Hedge Fund Investing. Services include Retails Broking, Arbitrage and Hedging Platform, Internet Trading, and more.
How I can contact with NEXTGEN？
NEXTGEN can be reached through Telephone, Email, WhatsApp. Alternatively, you can also follow this broker on some social media platforms, such as Facebook, Twitter, and Linkedin.
Risk Warning
Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
FX1286573346
South Africa
NEXTGEN runs an anonymous website with no useful contents on it at all. As a trade with many years’ trading experience, I can immediately tell this company is a fraud.
Neutral
2025-04-03