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nextmarkets Review 2024

Written by
Fact checked by
Adam N.
Updated
2d ago
Key data
Fees
Safety
Deposit and withdrawal
Account opening
Mobile app
Desktop platform
Product selection
Regulated and trusted. Tested via live trading.
326 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.

BrokerChooser score
4.2 4.2 /5
Visit broker
52.55% of retail CFD accounts lose money
Pros
  • Commission-free real stocks and ETFs
  • Quick and easy account opening
  • Great email and phone support
Cons
  • Few account base currencies
  • Limited educational tools
  • No fundamental data or news flow

nextmarkets at a glance

🗺 Country of regulationMalta
🛡️ Negative balance protectionYes
💰 Apple CFD fee$6.9
💰 S&P 500 CFD spread0.5
💰 Inactivity fee chargedNo
💰 Withdrawal fee$0
💰 Minimum deposit$0
💵 Available base currenciesEUR, GBP
💵 Conversion fee of deposits in non-base currencyExchange rate received from liquidity providers plus a mark-up. We used the EURUSD trading fees for the calculation.
💳 Deposit with bank cardAvailable
👛 With electronic walletNot available
🕖 Time to open an account1 day
🎮 Demo account providedYes
🛍️ Products offeredStock, ETF, CFDs (stock, crypto, index, forex, ETF, bond)
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Fees

Score: 4.2/5
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.
Pros
  • Commission-free stocks and ETFs
  • Low CFD fees
  • Low non-trading fees
Cons
  • Financing rate calculation is non-transparent

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.

Commission-free real stock and ETFs

It’s extremely great as nextmarkets has commission-free US stock trading.

Broker
US stock
nextmarkets
$0.0
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. The spread for S&P 500 index CFDs is 0.5.

Broker
S&P 500 CFD spread
nextmarkets
0.5
eToro
0.8
Trading 212
1.1
nextmarkets index CFD spreads and commissions

No inactivity fee, low withdrawal fee

There is no account or inactivity fee, and likewise no fees are charged for deposit or withdrawal.

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

Other commissions and fees

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

Broker
Apple CFD
Vodafone CFD
nextmarkets
$1.1
-
eToro
$2.0
-
Trading 212
$0.2
$0.4
Misc. fees compared with other brokers

Safety

nextmarkets 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.
Pros
  • Negative balance protection
Cons
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
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.
Pros
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
Cons
  • Limited account base currencies
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.
Pros
  • Fast
  • Fully digital
  • No minimum deposit
Cons
None
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).
Pros
  • User-friendly
  • Two-step (safer) login
  • Good search function
Cons
  • No Touch/Face ID login
Read more

Desktop 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.
Pros
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
Cons
  • Limited customizability (for charts, workspace)
  • No price alerts
Read more

Product selection

Score: 2.1/5
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.”

FAQ

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Author of this review

Tamás Gyuriczki

Trading Titan | Investment • Stock Market • Market Analysis

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.

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.

Visit nextmarkets 52.55% of retail CFD accounts lose money

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