Forex nextmarkets Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.6

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 1.8

Business 1.1

Risk Control 1.4

Software 2.1

Regulatory 1.6

Terminal Snapshot

nextmarkets Trading Conditions

Registered Region Malta

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email N/A

Contact Number +4922198259007

Website www.nextmarkets.com

Balanced Review

Pros & Cons

Pros

Regulated by Malta Financial Services Authority (MFSA)
Wide range of trading instruments, including 8,000+ shares and cryptocurrencies
Commission-free trading model
User-friendly web-based trading platform
24/7 multilingual customer support

Cons

High minimum deposit of €500
Commission-free trading may lead to wider spreads
Only offers a web-based trading platform
Limited educational resources for traders
Conservative maximum leverage of 1:30

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	nextmarkets	Tier1FX	ALB	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Malta	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	1.6/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does nextmarkets Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginners and general traders	Access to a wide range of assets, commission-free trading	Minimum deposit of €500 required
Professional Account	Experienced traders	Enhanced features and trading conditions	Eligibility based on trading volume qualifications
Demo Account	New traders	Practice trading without financial risk	Free to use, no deposit required

Account Opening Process

To open an account with nextmarkets, traders must complete several steps, starting with the submission of personal, employment, and financial information. This process includes identity verification, which requires a scanned copy of an acceptable proof of identification and proof of address. Once the registration is successful, traders receive their trading account without any minimum deposit. Traders can fund their account at their convenience and start trading immediately. Additionally, there is the flexibility to upgrade to a professional account later if qualifications are met.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (EUR/USD)	0.6	$0	Tight spreads for major pairs
CFDs (Stocks)	Varies	$0	Commission-free trading on stocks
CFDs (Indices)	Varies	$0	Commission-free trading on indices
CFDs (Commodities)	Varies	$0	Commission-free trading on commodities
Cryptocurrencies (BTC/USD)	Varies	$0	Commission-free trading on cryptocurrencies

Other Fees

nextmarkets may charge various other fees including deposit and withdrawal fees, inactivity fees, and currency conversion fees. Traders should also be aware of potential overnight interest (swap rates) applicable on certain positions. The platform aims for transparency in all related costs, ensuring that traders are informed about any applicable fees associated with their activities.

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

nextmarkets User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Matias G.

Argentina

★ ★ ★ ★ ★

I’m really frustrated with nextmarkets. I attempted to withdraw my funds multiple times, but each time I was told I needed to deposit more money first. This feels like a scam, and I can’t recommend them based on my experience.

Jimmy Manuluck

United Kingdom

★ ★ ★ ★ ★

I had a great experience with nextmarkets. Their support team was incredibly helpful when I faced issues with depositing money. Adam from the customer service team was particularly quick to assist me. Highly recommend!

Nazir4h

Nigeria

★ ★ ★ ★ ★

While I think the trading platform is decent, I found the minimum deposit requirement of €500 to be quite high. It makes it less accessible for new traders. I also wish there were more educational resources available.

虎背熊腰

Hong Kong

★ ★ ★ ★ ★

I tested the demo account and found the EUR/USD spreads to be quite tight, and the interface is user-friendly. However, the high minimum deposit is a drawback for me. If they offered a mini account, I’d be more inclined to open a live account.

Malta Market