Is nextmarkets free?

nextmarkets is in fact a zero-commission broker when it comes to buying and selling stocks. Zero commission is especially useful if you trade relatively low volumes, like buying stocks for less than $500 per trade, because you won't be hit with any minimum fees the broker might charge.

We should note that the payment-for-order-flow model, which is used by some zero-commission brokers to generate income (rather than relying on commissions), could potentially create a conflict of interest between you and your broker. This could result in trade execution (like routing your orders to specific market makers) that might be unfavorable for you under certain market conditions, especially when using market orders (as opposed to limit orders, which seem to be less affected).

Keep in mind that at some brokers, you could incur non-trading charges like withdrawal or inactivity fees. Also, if you trade on margin, the margin rate charged by brokers can differ wildly. In the next chapter, we'll find out what these charges are at nextmarkets and how they compare with fees charged by its closest competitors.

If you want to read our full review, including fees, deposit options and other platforms (like web and desktop) then skip to the nextmarkets review.

Disclaimer: 52.55% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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52.55% of retail CFD accounts lose money

nextmarkets fees
Overview of nextmarkets fees and charges

It's safe to say that nextmarkets's fees are low in general. They either don't charge a brokerage fee for things that other brokers do, or they only charge a small amount.

Here's a high-level overview of nextmarkets's fees

nextmarkets Fees snapshot
Assets Fee level Fee terms
US stock fee Low Commission-free stock trading for orders above €250
EURUSD fee Low The fees are built into the spread, 0.6 pips is the average spread cost during peak trading hours.
US mutual fund fees - Not available
Inactivity fee Low No inactivity fee

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52.55% of retail CFD accounts lose money

nextmarkets fees
nextmarkets fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because online brokerages' businesses can be much better scaled: from a purely technical standpoint, it doesn't make that much of a difference for them if they have 100 or 5,000 clients.

This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
    • A commission is either fixed or based on the traded volume.
    • A spread is the difference between the buy price and the sell price.
    • A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.

We compare nextmarkets fees with its closest competitors, eToro and Trading 212.

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52.55% of retail CFD accounts lose money

nextmarkets fees
nextmarkets trading fees

nextmarkets's trading fees are low, which makes it suitable for you even if you trade often (i.e. several times a week).

Let's break down trading fees according to the different asset classes available at nextmarkets.

Trading fees

nextmarkets's trading fees are low.

Stock fees and ETF fees

nextmarkets has low stock trading fees.

Stock fees of a $2,000 trade
nextmarkets eToro Trading 212
US stock $0.0 $0.0 $0.0
UK stock - $0.0 $0.0
German stock $0.0 $0.0 $0.0

Forex fees

nextmarkets's forex fees are low.

Forex fees of a $20,000 30:1 position (open, 1-week-hold and close)
nextmarkets eToro Trading 212
EURUSD benchmark fee $13.9 $15.6 $15.2
EURGBP benchmark fee $11.2 $16.4 $26.8

CFD fees

nextmarkets has low CFD trading fees.

CFD fees and commissions on a $2,000 trade
nextmarkets eToro Trading 212
Apple CFD $1.4 $1.2 $0.2
Vodafone CFD - - $0.3
Germany - $1.8 -

Currency conversion fee

nextmarkets will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: Exchange rate received from liquidity providers plus a mark-up. We used the EURUSD trading fees for the calculation..

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52.55% of retail CFD accounts lose money

nextmarkets fees
nextmarkets non-trading fees

When it comes to non-trading fees, nextmarkets is a rather cheap broker.

Non-trading fees include various brokerage fees and charges at nextmarkets that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.

A high-level overview of how nextmarkets stacks up in terms of non-trading fees
nextmarkets eToro Trading 212
Withdrawal fee $0 $5 $0
Deposit fee $0 $0 $0
Inactivity fee No Yes No
Account fee No No No

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52.55% of retail CFD accounts lose money

nextmarkets fees
nextmarkets deposit fee

Usually, brokers don't charge anything for deposits, and nextmarkets is no different.

nextmarkets deposit methods
nextmarkets eToro Trading 212
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets No Yes Yes
Deposit fee $0 $0 $0

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52.55% of retail CFD accounts lose money

nextmarkets fees
nextmarkets withdrawal fee

nextmarkets generally doesn't charge a withdrawal fee.

nextmarkets withdrawal fees and options compared
nextmarkets eToro Trading 212
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets No Yes Yes
Withdrawal fee for bank transfer $0 $5 $0

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52.55% of retail CFD accounts lose money

nextmarkets fees
nextmarkets inactivity fee

nextmarkets does not apply an inactivity fee, which is great because your account won't be charged even if you do not trade for an extended period (like several months or years).

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52.55% of retail CFD accounts lose money

Author of this article

Ádám Nasli

Author of this article

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading.

Ádám Nasli

Analyst Head

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading.

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

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52.55% of retail CFD accounts lose money

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