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Is nextmarkets free?

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Is nextmarkets free as of June 2024?

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.

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43.26% of retail CFD accounts lose money

BrokerChooser score
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43.26% of retail CFD accounts lose money

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 0.05% per trade, min. €2, max. €29
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 €5 monthly when there was no transaction within the last 6 month.

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43.26% of retail CFD accounts lose money

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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43.26% of retail CFD accounts lose money

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
US stock
$2.2
$0.0
$0.0
UK stock
-
$0.0
$0.0
German stock
$5.4
$0.0
$0.0

Data updated on June 17, 2024

Forex fees

nextmarkets's forex fees are low.

Forex fees of a $20,000 30:1 position (open, 1-week-hold and close)
EURUSD benchmark fee
$8.6 $11.4 $28.3
EURGBP benchmark fee
$3.8 $15.2 $27.2

Data updated on June 17, 2024

CFD fees

nextmarkets has low CFD trading fees.

CFD fees and commissions on a $2,000 trade
Apple CFD
$1.1
$2.0
$0.2
Vodafone CFD
-
-
$0.4
Germany
- $1.8
-

Data updated on June 17, 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..

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43.26% of retail CFD accounts lose money

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
Withdrawal fee
$5
$5
$0
Deposit fee
$0
$0
$0
Inactivity fee
Yes
Yes
No
Account fee
No
No
No

Data updated on June 17, 2024

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43.26% of retail CFD accounts lose money

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4.2 4.2 /5
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43.26% of retail CFD accounts lose money

nextmarkets deposit fee

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

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

Data updated on June 17, 2024

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43.26% of retail CFD accounts lose money

nextmarkets withdrawal fee

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.

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

Data updated on June 17, 2024

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43.26% of retail CFD accounts lose money

nextmarkets inactivity fee

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.

Inactivity fee
Yes
Yes
No
Inactivity fee
€5 monthly when there was no transaction within the last 6 month. $10 per month after one year inactivity. eToro defines inactivity as not logging into your account. No inactivity fee

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43.26% of retail CFD accounts lose money

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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.

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Tamás Gyuriczki
Author of this article
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.
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