About the company
Nextmarkets Trading Ltd is a Malta-based non-broker that was established in 2016. It is a subsidiary of nextmarkets AG GmbH, a Cologne-based firm that was created in 2014. Dom and Manuel Hayden, two brothers who have had excellent careers in the finance and technological sectors, co-founded the company.
The Malta Financial Services Authority regulates the company (MFSA). Through different investment rounds, the company has garnered more than $43 million in funding. Clients from a variety of European nations are accepted.
Gettex, the company’s online trading platform, was created. The platform may be accessed using practically any browser and does not require installation on a computer. Ordering is simple and straightforward, and it can be done in units or in specific quantities. There are numerous charts and technical indicators to aid study and analysis. Clients can also use the platform to apply risk management measures including stop-loss orders.
The company offers a mobile trading app. The software is available for download on both iOS and Android, and it has received positive ratings in both stores, with a 4.7 out of 5 average rating. The app is almost ready to use. Orders of all kinds are available, and placing them is simple. The design is simple and straightforward.
Clients have access to over 800 different assets and trading tools. Forex, stocks, CFDs, and cryptocurrencies are only some of the asset types covered by the firm. Clients can now buy share CFDs without having to hold the underlying asset. Tools at your disposal include:
- Forex: 21 currency pairs
- Goods: 5+ energy and metals
- Shares: 700+ company shares
Spreads and commissions
The average spread is 0.8 pips. Furthermore, the broker offers fee-free trading for orders exceeding €250; orders less this amount will incur a €1 commission. For inactivity, the broker does not charge a commission. The EUR/USD currency pair has a normal spread of 0.6 pips, which is significantly lower than the industry average.
Leverage has been lowered from 1:200 to 1:30. This is in accordance with EU regulation, which specifies that retail traders cannot be provided leverage rates higher than this. If you wish to trade 1:5 or 1:25 leverage, you may do so since you have complete control. Users who trade with a 1:30 leverage can deposit 100 euros and trade with 3,000 euros. While this raises your chances of winning, it also increases your chances of losing, so be cautious.
There is no requirement for a minimum deposit. Similarly, no commission is charged while depositing or withdrawing funds. Depending on the technique, deposits are processed over varying time periods. Withdrawing funds usually takes one to two days. The minimum amount that can be withdrawn is 150 euros. The following methods can be used to make deposits and withdrawals:
- Fast bank transfer
- Manual bank transfer
- Credit card (Visa and Mastercard)
A free demo account is available from the firm. Clients of the broker can use this account to practice their trading skills and familiarize themselves with the platform. All clients must first create a demo account to aid in the platform’s learning process; this will also provide you with a good indication of your earning potential. If you’re considering quitting your job to trade full-time, a demo account will let you to test your skills before risking your hard-earned money with the bank.
On its website, the company offers a variety of instructional tools. Tutorials, YouTube videos, and a variety of tutorial articles are among them. These tools are intended to teach clients all they need to know about trading on the platform and in general, from how markets function to what CFDs are. It’s almost like a trade school, with so many supplies.
Every month, the firm’s team of skilled coaches analyzes up to 100 different assets. There are 17 distinct types of trainers to choose from. They will conduct market research for you and make recommendations for various things to purchase so that you may save time.
Customers are given a single universal account by the company. There is no minimum deposit requirement, and anyone of legal age can start an account. Because only one type of account is available, the best spreads are not buried behind paywalls or expensive minimum deposits.