NextTrade
3.00 (56 Reviews)
Contact
Office 029, 1st Floor, 101 Isaiah Ntshangase Road, Stamford Hill, Durban, Kwa-Zulu Natal 4001, South Africa
Regulatory & Licensing Information:
-
- Regulatory Authority: Financial Sector Conduct Authority (FSCA) of South Africa
- License Number: 52855
- Status: Active
Verification:
- Broker's Claims: NextTrade asserts that it is authorized and regulated by the FSCA in South Africa, ensuring compliance with local financial standards.
- Verified Information: Independent reviews confirm NextTrade's regulatory status with the FSCA, indicating adherence to industry regulations.
Regulatory Warnings:
- Issuing Body: BrokersVisionary
- Date of Warning: 29 November 2024
- Details: New broker in the community.
Client Feedback
NextTrade is relatively new in the trading community, with its brand launched in November 2023. As such, comprehensive client feedback is limited. However, initial reviews highlight the broker's low minimum deposit, commission-free trading, and access to popular trading platforms as positive aspects
Tags:
Forex Broker
Account & Cost
| Trading Platforms | MT5, WebTrader |
|---|---|
| Minimum Deposit | €10 |
| Deposit Options | Bank Transfer, Credit/Debit Cards, Cryptocurrencies (Bitcoin, Ethereum) |
| Withdrawal Options | Bank Transfer, Credit/Debit Cards, Cryptocurrencies (Bitcoin, Ethereum) |
| Max Leverage | 1:500 |
| Minimum Trade Volume | 0.01 |
| Margin Call Level | 100% |
| Stop Out Level | 50% |
| Commission | NA |
| Spread Type | Variable, starting from 0.4 pips |
| Account Currencies | EUR |
| Trading Instruments | Forex pairs, Commodities, Cryptocurrencies, Indices, Stocks |
| Special Promotions | NA |
| Additional Features | NA |
| Customer Support | 24/5 via email and live chat |
| Islamic | ✔ |
| EA | ✔ |
| Hedging | ✔ |
| Scalping | ✔ |
| NBP | ✔ |
| Trading Platforms | MT5,Webtrader |
|---|---|
| Minimum Deposit | €100 |
| Deposit Options | Bank Transfer, Credit/Debit Cards, Cryptocurrencies (Bitcoin, Ethereum) |
| Withdrawal Options | Bank Transfer, Credit/Debit Cards, Cryptocurrencies (Bitcoin, Ethereum) |
| Max Leverage | Up to 1:500 |
| Minimum Trade Volume | 0.01 |
| Margin Call Level | 100% |
| Stop Out Level | 50% |
| Commission | $7 per standard lot traded |
| Spread Type | Variable, starting from 0.0 pips |
| Account Currencies | EUR |
| Trading Instruments | Forex pairs, Commodities, Cryptocurrencies, Indices, Stocks |
| Special Promotions | NA |
| Additional Features | Direct market access (DMA), competitive pricing |
| Customer Support | 24/5 via email and live chat |
| Islamic | ✔ |
| EA | ✔ |
| Hedging | ✔ |
| Scalping | ✔ |
| NBP | ✔ |
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