Headquartered in Cologne, Germany, Nextmarkets is an online trading broker that allows clients to trade on a wide selection of financial assets — shares, ETFs, indices, forex, bonds, commodity, and CFDs — using the Gettex trading platform that is operated by the Munich Stock Exchange segment. The broker offers commission-free trading and on-demand leverage.
Pros / Cons
- Advanced trading platforms
- Multiple financial instruments
- Educational resources
- Commission free trading
- No MetaTrader platforms
- No standalone trading tools
- Min $500 deposit
- Limited account funding options
- No USA traders
In this detailed Nextmarkets review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Nextmarkets is a commission-free online broker that offers first-class execution of clients’ orders via an award-winning trading app. They give traders access to trading coaches and other educational resources. Account opening is swift and a customer support team is available to assist traders. The broker’s subsidiary in Malta is licensed to offer securities trading, act as a portfolio manager, and also offer financial products throughout Europe.
Nextmarkets Trading Limited is a company registered in Malta — registration number C 77603 — and authorised and regulated by the Malta Financial Services Authority (MFSA) as a financial services company under license: IS/77603. Nextmarkets Trading Limited is a subsidiary of Nextmarkets AG with headquarters in Cologne, Germany.
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The broker offers its services to clients from different parts of the globe where the use of such services would not be contrary to local laws and regulations.
Some Nextmarkets features and products mentioned within this Nextmarkets review may not be available to traders from certain countries because of legal restrictions.
Nextmarkets operates an online platform that is known as the Gettex trading platform. It allows users to familiarise themselves, free of charge, with trading financial instruments to build up and expand their knowledge and skills in this area. This online platform is designed to run directly on most modern web browsers — Chrome, Safari, Firefox, and Edge — without the need to download and install any additional software. There is also a mobile trading app that is compatible with Android and iOS devices and can be downloaded from the respective websites.
Nextmarkets Trading Tools
There are no standalone trading tools on the broker’s website at the moment.
The broker’s website has a plethora of learning materials that are designed to improve clients’ trading knowledge whilst keeping them informed on the factors that control the financial markets. They include news, press releases, an FAQ section, learning articles, and more.
The broker offers the following trading instruments: shares, ETFs, indices, forex, bonds, commodities, and contract for differences (CFDs).
Nextmarkets Accounts & Fees
Traders are allowed to create a single live trading account as well as a demo account for practice purposes. The minimum deposit required to open the live trading account is 500 EUR.
As broker fees can vary and change, there may be additional fees that are not listed in this Nextmarkets review. It is imperative to ensure that you check and understand all of the latest information before you open a Nextmarkets broker account for online trading.
The broker’s client support team is available 24/7 to respond to clients’ trading inquiries, and they can be reached by filling the contact form available on the broker’s website. The website is available in seven different languages to reach a wider audience.
Nextmarkets Deposit & Withdrawal
Account deposits and withdrawals can be processed using SEPA Transfers and Credit/Debit Cards, such as Visa and MasterCard.
Nextmarkets Account Opening
You can open your Nextmarkets account directly in the app or on the broker’s website in less than 6 minutes. You will be required to submit a scanned copy of acceptable proof of identification and proof of address. After successful registration, you will receive your trading account without any minimum deposit. As soon as you fund your account, you can start trading with your Nextmarkets App or via the broker’s website.
It is imperative to ensure that when you are going through a broker application, you read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
Nextmarkets is an online trading broker with headquarters in Cologne and offices in Malta and Lisbon. They provide traders with the right resources and environment to facilitate smooth trading of multiple financial assets. Traders are provided with various educational resources to assist them. They also offer tight spreads, zero commissions, and on-demand leverage to clients. The broker is regulated by the MFSA.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64,7 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.