Is nextmarkets free?

nextmarkets does charge a commission for real stock trading on US markets, so in this sense it is not a free-to-trade broker. However, it might still be a reasonable choice for some of you, as there are many other aspects other than commissions that are important when you choose a broker. If you wish to stick with nextmarkets though, then you will find the fees they charge below. Alternatively, you could check our article detailing the best zero commission brokers and how their apps scored in our test.

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).

Disclaimer: 43.26% 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.

Visit broker
43.26% of retail CFD accounts lose money

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

Visit broker
43.26% of retail CFD accounts lose money

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.

Visit broker
43.26% of retail CFD accounts lose money

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.

Data updated on September 23, 2024

Forex fees

nextmarkets's forex fees are low.

Data updated on September 23, 2024

CFD fees

nextmarkets has low CFD trading fees.

Data updated on September 23, 2024

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..

Visit broker
43.26% of retail CFD accounts lose money

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.

Data updated on September 23, 2024

Visit broker
43.26% of retail CFD accounts lose money

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

Data updated on September 23, 2024

Visit broker
43.26% of retail CFD accounts lose money

Unfortunately, nextmarkets does charge a withdrawal fee of $5 for bank transfers. This means that you need to pay this amount when you transfer money from your brokerage account back to your bank account. Sometimes this is a flat fee, but a percentage charge may be applied in some cases. It's up to you to decide whether you can tolerate this, keeping in mind that flat fees can hurt more if you withdraw small amounts only.

Data updated on September 23, 2024

Visit broker
43.26% of retail CFD accounts lose money

nextmarkets does apply an inactivity fee and it is €5 monthly when there was no transaction within the last 6 month.. Keep this in mind to avoid getting charged after a longer idle period. The fact that nextmarkets charges an inactivity fee makes it less ideal for you if you are a buy-and-hold investor.

The inactivity fee charged by nextmarkets is low.

Visit broker
43.26% of retail CFD accounts lose money

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 43.26% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.