Forex NextLevel Trade Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.9

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 2.1

Business 1.4

Risk Control 1.7

Software 2.4

Regulatory 1.9

Terminal Snapshot

NextLevel Trade Trading Conditions

Registered Region Comoros

Operating Period 2-5 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email info@nextlevelfxtrade.com

Contact Number +38269879338

Website nextlevelfxtrade.com

Balanced Review

Pros & Cons

Pros

Diverse range of trading instruments: forex, metals, commodities, cryptocurrencies, shares, indices
Utilizes the popular MetaTrader 5 platform
Flexible account types for varying trader experience levels
Instant deposit options available for quick trading
Customer support accessible via email and phone

Cons

No regulatory oversight from recognized authorities
Limited educational resources for traders
Potential withdrawal fees and inactivity fees
Restricted payment methods for deposits and withdrawals
Customer support limited to email and phone only

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	NextLevel Trade	Grand Markets	BDSwiss	AvaTrade
Operating Period	2-5 years	See review	See review	See review
Region	Comoros	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.9/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does NextLevel Trade Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginner to intermediate traders	Flexible trading options with competitive spreads	Suitable for those starting in forex trading
Professional Account	Experienced traders	Higher leverage and lower spreads	Requires trading volume qualifications
Corporate Account	Corporate clients	Customizable services for corporate trading	Requires corporate documentation
Demo Account	All traders	Practice trading without financial risk	Ideal for testing the platform and strategies

Account Opening Process

To open an account with NextLevel Trade, traders must follow a straightforward process. First, they will need to provide personal information, employment details, and financial background. Identity verification is a crucial step, requiring an official ID and proof of address. This ensures the security of the account holder’s identity. Additionally, there is flexibility in account types, allowing traders to upgrade to a professional account at a later stage, depending on their trading experience and goals.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	1.3	$0	Competitive spreads for effective trading
CFDs (Stocks, Indices)	Starting from 1.3	$0	Designed for swift execution
Cryptocurrencies	Variable	$0	Comprehensive insights provided

Other Fees

NextLevel Trade may apply various fees that traders should be aware of. These include potential deposit and withdrawal fees, an inactivity fee for dormant accounts, and any platform usage fees that may apply. Additionally, overnight interest (swap rates) could be incurred on positions held beyond the trading day. Currency conversion fees may also apply for transactions in different currencies, so traders should consider these aspects when managing their accounts.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

NextLevel Trade User Reviews

2.8

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Yuri2

Netherlands

★ ★ ★ ★ ★

There is currently a difference in the amount of money available in my account and the amount available to withdraw. So money is missing. I’ve been waiting for weeks for this to be investigated, and still nothing.

Jose Antonio Ramirez

Philippines

★ ★ ★ ★ ★

Order execution on NextLevel Trade is consistent, if a bit slow at times. Their customer service is average. Sometimes they’re helpful, other times not so much. The platform is usable, but it’s starting to show its age.

Ertan B.

Turkey

★ ★ ★ ★ ★

They are always related to their customers, and the counselors are very kind, helpful, and smart. They make you feel like a member of this family and want to give you the key to financial freedom. Absolutely trustworthy.

FX9423227362

Turkey

★ ★ ★ ★ ★

I faced numerous issues with withdrawals and the lack of regulatory oversight is concerning. Support is limited, and I felt neglected when I reached out for help. I would not recommend this broker.

Comoros Market