nextmarkets
XM
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Traders and investors looking for low fees
Recommended for Forex and CFD traders who prefer MetaTrader platforms and seek great account opening
Germany
Cyprus
Fees
Low trading and non-trading fees
Average trading and non-trading fees, low CFD fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
2
10
Deposit type
Withdrawal type
Account opening
$0
$5
1 day
1 day
Proof of identity: passport / identity card Proof of address: Electricity, water or telephone bill, back of identity card (only if identity card was not used for proof of identity)
Proof of identity: passport / national ID card / driver's license Proof of residency: bank statement / utility bill
Trading platform
Markets and products
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.
Disclaimer: 74.89% 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.
Research, education
Great
Mid-range
Customer service
Security
€20,000 investor protection
€20,000 for EEA residents, no protection for others
2014
2009
Malta
Cyprus, Australia, Belize, United Arab Emirates
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
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.
nextmarkets's service is on par with XM's and a comparison of their fees shows that nextmarkets's fees are similar to XM's.
Account opening takes about the same effort at nextmarkets compared to XM, deposit and withdrawal processes are somewhat more complicated at nextmarkets, while customer service quality is somewhat lower than XM's.
Our experts rated the trading platform of nextmarkets as somewhat better than the platform of XM, found that clients have access to about the same number of markets and products with nextmarkets, while XM provides better research and education.