Nextmarkets Review
Richard Montana | March 25, 2022
Table of Contents
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
Summary
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.
Regulation
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.
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.
Platforms
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 Platforms
Tools
There are no standalone trading tools on the broker’s website at the moment.
Education
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.
Nextmarkets Market News
Markets
The broker offers the following trading instruments: shares, ETFs, indices, forex, bonds, commodities, and contract for differences (CFDs).
Accounts
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.
Support
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.
Funding
Account deposits and withdrawals can be processed using SEPA Transfers and Credit/Debit Cards, such as Visa and MasterCard.
Signup
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.
Nextmarkets Account Opening Page
Conclusion
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.
Min $500 Deposit
Nextmarkets is an online trading broker that allows clients to trade on a wide selection of financial assets such as Shares, ETFs, Indices, Forex, Bonds, Commodities & CFDs.
About the Author
Richard Montana
Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.
Review Methodology
For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.