NextTrade Review 2024
4.5

NextTrade Review 2024

Trading in a safe and secure environment is nearly here. Be the first to experience our new NextTrade website.

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Empowered by cutting-edge technology, NextTrade is committed to create a vibrant community where users can come together to connect, share insights, and expand their knowledge.

Pros
  • Trading Instruments: Access to over 1000 trading instruments, encompassing forex pairs, cryptocurrencies, stocks, shares, commodities, and indices
  • Licensed and Regulated Broker: NextTrade is a licensed and regulated broker, ensuring a trustworthy and secure trading environment
  • Commission-Free Trading: Enjoy the benefits of commission-free trading on NextTrade, making it a cost-effective option for traders
  • Meta Trader Platform: Utilize the well-established and highly regarded Meta Trader (MT4/MT5) platform for your trading needs
  • High Leverage: Platform’s high leverage of up to 1:500, allows traders to maximize their positions
Cons
  • Learning Curve: While striving for a user-friendly interface, the unique features and interface of NextTrade might still present a learning curve to users accustomed to other platforms

Is NextTrade Legit?

Owner is Riza Financial (Pty) Ltd. Trading as “Next Trade,” is a secure broker that has been authorized by multiple tier-1 regulators. With an FSP Number 52855, the company is licensed to operate as a Financial Intermediary.

It is registered  in South Africa with the number 2021/010163/07. Registered address is at 8 Bond Street, Mount Moreland, Kwazulu Natal 339. 

NextTrade Fees and Charges

$10 inactivity fee or equivalent in the alternative currency if they have not traded within the last 6 Months. 

Markets & Assets

  • Forex: 60+FX pairs with up to 1:500 leverage.
  • Stocks & Shares: Buy & Sell stocks of the most successful companies today. 
  • Cryptocurrencies: The world’s biggest digital assets all in one place.
  • Commodities: You can trade with  amazing commodities like Gold & Crude.
  • Indices: If trading stocks isn’t down your alley you can try macro & trade indices.

Tools 

TradingView: Charting & smarter investing with NextTrade’s TradingView.

Holiday Calendar: Check out the world’s largest markets holiday trading hours.

Download Trading Platform: Download Meta Trader 4 or 5 & trade anywhere, anytime.

NextTrade Account Types & Account Opening

NextTrade offers 3 TradeLocker account types:

Next Account: Trade Locker Next Account is ideal for both new and experienced traders. 

Islamic Account: If you prefer to trade in accordance with Sharia Law, the Trade Locker Islamic Account allows for swap fee-free trading. 

Demo Account: Provides a risk-free environment. With unique benefits and features, our different account types cater to the diverse needs of traders.

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How to Open an Account at NextTrade

Opening an account at NextTrade is a simple and straightforward process. It typically takes just a few minutes to complete. Here are the steps required to open an account:

  1. Visit the NextTrade website.
  2. Click on the “Sign Up” button.
  3. Fill in your personal information, including your name, email address, and password.
  4. Accept the terms and conditions of NextTrade.
  5. Verify your email address by clicking on the verification link sent to your inbox.
  6. Complete any additional account verification requirements, such as providing identification documents.
  7. Fund your account with the required minimum deposit.

Once your account is funded, you can start trading on the NextTrade platform.

Trading Platforms Meta Trader 4 and Meta Trader 5

  • Whether you prefer a desktop computer, mobile device, or tablet, Meta Trader has you covered.
  • Meta Trader supports trading in different assets: forex, stocks, commodities, and indices. 
  • You can access a range of markets within a single platform and customize the platform.
  • Meta Trader provides user-friendly interface, charting tools, and automated trading.

NextTrade Research Tools

NextTrade provides research tools and resources to help traders in making informed investment decisions. 

Educational Content

NextTrade is dedicated to providing its clients with valuable educational content to enhance their trading knowledge and skills. The broker offers a comprehensive range of educational resources designed to cater to traders of all levels. These resources are: news, articles, blogs, videos and demo accounts.  aimed at empowering traders with the necessary tools and insights to make informed trading decisions.

Customer Service 24/7

  • NextTrade offers 24/7 customer support.
  • Channels of Communication: email, live chat, and telephone support. 
  • Responsiveness: NextTrade has timely and swift responses. 
  • NextTrade also provides additional resources such as FAQs (Frequently Asked Questions). By providing these, NextTrade aims to help clients to find solutions or information without relying solely on contacting customer support.

NextTrade Deposit and Withdrawals

Deposit Methods 

Alt Coins (BTC, LTC, ETH, USDT, DOGE, XRP). You can deposit using your E-wallet. The Company is also looking to accept fiat currency via wire transfer and credit cards.

Withdrawal Methods 

Bitcoin, USDT. You can withdraw using your E-wallet. 

Author Opinion on NextTrade

NextTrade offers an impressive range of research tools and content to assist traders in making informed trading moves. Their market news and analysis, research reports, technical analysis tools, and educational resources are very helpful. 

NextTrade provides 24/7 customer support, assistance and a positive trading experience. Considering they are fairly new on the market, with their commitment to quality customer service and educational offers, NextTrade might make a big impact in the industry soon.

Welcome Bonus
100% Deposit Bonus
Min Deposit: €10

4.0
Licensing & Safety
4.0
Markets
5.0
Bonuses & Promotions
5.0
Customer Support
4.5 Overall Rating

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NextTrade Review 2024
4.5/5