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nextmarkets Review 2024

Written by
Fact checked by
Adam N.
Updated
1w ago
Regulated and trusted. Tested via live trading.
142 people chose this broker
Not available in United States; see best alternatives

Why choose nextmarkets

nextmarkets announced on March 28, 2023 its decision to liquidate its subsidiaries and other assets, prior to finalizing its latest agreement with new investor Apeiron Investment Group. We recommend holding off on opening an account with nextmarkets until more information is available.

nextmarkets is an online broker providing CFD, stock and ETF trading. It offers commission-free real stock and ETF trading and has low CFD fees. The account opening is straightforward, quick and fully online, and customer service via email/phone is also fast and helpful. It is a good choice for beginner investors.

On the negative side, nextmarkets only offers EUR and GBP (for UK clients) accounts. In addition, educational tools are limited solely to texts, and nextmarkets offers no fundamental data or market news to aid your trading decisions.

BrokerChooser gave nextmarkets a 4.4/5 rating based on analyzing 600+ criteria and testing via opening a live account.

  • Commission-free real stocks and ETFs
  • Quick and easy account opening
  • Great email and phone support
Overall score
4.2/5
Minimum deposit
$0
Stock fee
Low
Index CFD fee
Low
Withdrawal fee
$5
Account opening
1 day
Visit nextmarkets

43.26% of retail CFD accounts lose money

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S&P 500 CFD spread
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Fees

Score: 4.1/5
Trading stocks/ETFs at nextmarkets is free for orders above €500, and there's no withdrawal or inactivity fee. However, financing rate calculations are not transparently displayed.
  • Commission-free stocks and ETFs
  • Low CFD fees
  • Low non-trading fees

We compared nextmarkets's fees with two similar brokers we selected, eToro and Trading 212. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of nextmarkets alternatives.

Low real stock and ETF commission

nextmarkets US stock fees are about half of the industry average. US stock fees are calculated as follows: 0.05% per trade, min. €2, max. €29

Broker
US stock
nextmarkets
$2.2
eToro
$0.0
Trading 212
$0.0
nextmarkets stock and ETF commission

However, commissions are waived only if your order is at least €500. Orders below €500 come with a flat fee of €2.50 per trade.
Also, for German stocks bought on XETRA, there is a volume-based commission of 0.025%, with a minimum of €4.99.

Low FX fees

All fees are built into the spread, so there is no separate commission charged. For example, the EUR/USD spread is 0.6.

Broker
EURUSD spread
FX commission per lot
nextmarkets
0.6
No commission is charged
eToro
1.0
No commission is charged
Trading 212
1.0
No commission is charged
nextmarkets forex spreads and commissions

Low index CFD fees

All index CFD fees are built into the spread. For example, the spread for S&P 500 index CFDs is 0.5.

Broker
S&P 500 CFD spread
nextmarkets
0.5
eToro
0.9
Trading 212
1.1
nextmarkets index CFD spreads and commissions

Low inactivity fee, low withdrawal fee

There's no deposit fee, however a small amount is charged for withdrawal and inactivity.

Broker
Inactivity fee
Withdrawal fee
nextmarkets
$5
eToro
$5
Trading 212
$0
nextmarkets inactivity, withdrawal and other fees

There's an inactivity fee of €5 charged monthly if there was no transaction within the last 6 months.

Other commissions and fees

Low stock CFD fees: all stock CFD fees are built into the spread. The spread for Apple stock CFDs, for example, is 0.2.

Broker
Apple CFD
Vodafone CFD
nextmarkets
$1.1
-
eToro
$3.8
-
Trading 212
$0.2
$0.4
Misc. fees compared with other brokers

Check out a detailed analysis of all the fees, commissions, and other charges levied by nextmarkets for more information.

Safety

nextmarkets is a legit brokerage. It is regulated by Malta's MFSA and provides up to €20,000 investor protection. However, it is not listed on a stock exchange and doesn't have a banking background.
  • Negative balance protection
Read more

Deposit and withdrawal

Score: 3.9/5
nextmarkets provides free deposit and withdrawal via a user-friendly interface. However, only EUR and GBP (for UK clients) are available as account base currencies.
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
Read more

Account opening

Score: 5/5
The account opening process is straightforward, fast and fully digital, and involves no minimum deposit. Our account was verified within one business day.
  • Fast
  • Fully digital
  • No minimum deposit
Read more

Mobile app

Score: 4.8/5
The nextmarkets mobile trading app is well-designed, has a good search function, offers price alerts, and provides two-step login (though no biometric authentication).
  • User-friendly
  • Two-step (safer) login
  • Good search function
Read more

Web trading platform

Score: 3.8/5
nextmarkets has a user-friendly web trading platform, with a clear fee report and safe login. On the negative side, the platform is not customizable and lacks price alerts.
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
Read more

Product selection

Score: 2.3/5
nextmarkets gives access to real stocks, real ETFs and a variety of CFDs (stock, ETF, crypto, index, forex, bond). Some popular asset classes like options or futures are missing, though.
Read more
“I recommend nextmarkets for traders and investors looking for low fees.”
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FAQ

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Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

author
Tamás Gyuriczki
Author of this review
As a financial expert with BrokerChooser, I play an integral role in the analyst team by actively reviewing many of the 100+ brokers that are listed on our site. I personally open accounts with real money, execute trades, test customer services. My hope is that my first-hand experience with these brokers, incorporated in our reviews, helps users find the most suitable broker for their needs.
Visit nextmarkets 43.26% of retail CFD accounts lose money
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