Nextmarkets 2025 Review: Everything You Need to Know
Nextmarkets has emerged as a notable player in the online brokerage landscape, particularly appealing to beginner investors seeking a user-friendly platform for trading. This review synthesizes various insights from multiple sources, highlighting the broker's strengths and weaknesses while providing a comprehensive overview of its offerings.
Note: It is important to recognize that Nextmarkets operates under different entities across regions, which may affect user experience and regulatory compliance. This review aims for fairness and accuracy by considering these factors.
Ratings Overview
How We Rate Brokers: Ratings are based on a comprehensive analysis of user experiences, expert opinions, and factual data drawn from various reviews.
Broker Overview
Founded in 2014, Nextmarkets is a European brokerage that aims to simplify the trading experience for its users. The broker is headquartered in Cologne, Germany, and operates under the regulatory oversight of the Malta Financial Services Authority (MFSA). Nextmarkets offers a proprietary trading platform, which is designed to cater to both novice and experienced traders, providing access to a wide array of financial instruments, including stocks, ETFs, and CFDs.
While the platform does not support popular trading software like MetaTrader 4 or 5, it compensates with a user-friendly interface and features tailored for ease of use. The broker primarily targets clients within the European Economic Area (EEA), and it boasts a commission-free trading model for stock and ETF transactions, contingent upon a minimum order size.
Detailed Section
Regulated Geographic Areas/Regions:
Nextmarkets is regulated in Malta, allowing it to operate across the European Union. However, it does not hold licenses from tier-1 regulators like the FCA or ASIC, which raises some concerns regarding its overall trustworthiness.
Deposit/Withdrawal Currencies/Cryptocurrencies:
Nextmarkets accounts can be funded in EUR and GBP, with no minimum deposit requirement. While the broker does not charge for deposits or withdrawals, the minimum withdrawal amount is set at €150.
Bonuses/Promotions:
Currently, Nextmarkets does not offer any bonuses or promotional offers, which aligns with the regulatory restrictions in the EU that limit such incentives.
Tradable Asset Categories:
Nextmarkets provides access to a diverse range of assets, including over 8,000 stocks, ETFs, and a limited selection of CFDs covering indices, commodities, and cryptocurrencies. However, the offering lacks other asset classes like options and futures, which may deter more experienced traders.
Costs (Spreads, Fees, Commissions):
The broker claims to offer commission-free trading for orders above €250, with a €1 fee for orders below this threshold. Spreads are competitive, starting from 0.6 pips for major currency pairs, but may vary based on market conditions.
Leverage:
Nextmarkets offers leverage of up to 1:30 for retail clients and up to 1:100 for professional clients, in compliance with EU regulations. This limited leverage may be a drawback for traders seeking higher risk-reward opportunities.
Allowed Trading Platforms:
The primary trading platform is Nextmarkets' proprietary web-based interface, which is designed for ease of use. The platform is also available as a mobile application for both iOS and Android devices, providing a seamless trading experience on the go.
Restricted Regions:
Nextmarkets primarily serves clients from the EEA and has restricted access for users in countries like the United States, due to regulatory limitations.
Available Customer Service Languages:
Customer support is available in multiple languages, including English and German, catering to a diverse clientele.
Ratings Recap
Detailed Breakdown
Account Conditions:
Nextmarkets offers a straightforward account opening process with no minimum deposit requirement, making it accessible for new traders. However, the limited account types may not cater to more sophisticated trading needs.
Tools and Resources:
While the platform includes basic trading tools, the lack of advanced analytical features and educational resources is a significant drawback. Users may find themselves seeking information from external sources.
Customer Service and Support:
Customer support is generally well-regarded, with representatives available via phone and email. However, the absence of live chat support may hinder prompt assistance.
Trading Setup/Experience:
The proprietary platform is user-friendly but lacks the customizability and advanced features found in established platforms like MetaTrader. Users may experience occasional glitches.
Trustworthiness:
Regulated by the MFSA, Nextmarkets provides a level of security, but the lack of tier-1 regulation may raise concerns for some traders. The investor compensation scheme offers protection for deposits, but it is limited to €20,000.
User Experience:
Overall, the user experience is positive, particularly on the mobile app. However, the web platform requires improvements to enhance functionality and reduce bugs.
(Optional) Educational Resources:
Nextmarkets offers limited educational materials, which could be a disadvantage for beginners looking for comprehensive training.
In conclusion, Nextmarkets presents a viable option for beginner traders seeking a straightforward and commission-free trading experience. However, the limitations in educational resources, asset variety, and platform capabilities may not meet the expectations of more experienced traders. As always, potential users should conduct their own research and consider their trading needs before opening an account with this broker.
