nextmarkets in a nutshell
nextmarkets Trading Limited is a subsidiary of nextmarkets GmbH. nextmarkets Trading Limited was founded in 2016 and handles the financial services for nextmarkets GmbH, which was founded in 2014.
Coachfolio & Curated Investing
nextmarkets is the first broker to offer Curated Investing as well as Coachfolio as a tool for private traders.
Coachfolio enables the automated copying of all trades of a selected coach.
Positive nextmarkets experiences for traders will definitely occur from Coachfolio and Curated Investing. Both are ideal for trading beginners and even for advanced traders. Through the casual implementation, anyone can look at professional trading approaches and decide whether to follow them directly or not. Coachfolio goes one step further and allows the private investor (similar to social trading) to copy the trades of a coach 1 to 1. This is possible from the smallest Euro amounts and is therefore also suitable for traders with small accounts.
Leverage freely selectable (ESMA limits apply)
During the creation of orders you can choose the leverage freely (within the ESMA restrictions, if you do not unlock as a Pro).
Commission-free share CFDs
All products from the category shares are currently available as CFDs, but can be traded unleveraged and without additional commissions or minimum fees. In the future, trading of classic physical shares will also be possible.
Modern & simple trading platform
The trading platform is very modern and simply structured and helps especially beginners to find their way around as quickly as possible.
Spreads and CFD products
Most spreads are average to low. For example, the DAX is low at 1 point, but the gold spread is rather high at 0.8. nextmarkets offers innovative CFD products such as a savings CFD or CFD baskets and does not charge any financing costs for long positions and leverage 1:1.
No CFD Futures
Negative nextmarkets experiences will occur for some traders with the lack of CFD futures. Especially for swing traders these products are currently missing.
No ECN/STP/DMA/RAW account model
Some advanced traders will probably miss an ECN/RAW account with DMA/STP execution.
No PayPal
Otherwise, for some PayPal as a payment option for deposits will be missing.
In summary, our nextmarkets experience can be described as predominantly positive. Because nextmarkets has only been active for a few years, the broker scene is already mixed. Especially trading beginners are quickly convinced by nextmarkets with helpful trading tools such as Curated Investing, Coachfolio and the intuitive Webtrader.
At a glance
nextmarkets Trading Limited is a company registered in Malta (registration number C 77603) and licensed and regulated by the MFSA as a financial services company under licence IS/ 77603. nextmarkets has coined the terms coachfolio and curated investing, among others.
nextmarkets is a newcomer compared to long established brokers such as CMC Markets or XTB, but offers interesting and innovative functions that no other broker currently offers in this form.
Overview
nextmarkets is the first broker to offer Curated Investing as well as Coachfolio as a tool for private traders. The aim is to support the traders and thus increase the quota of successful traders. nextmarkets is a market maker and does not offer ECN/RAW or STP/DMA accounts, which is not surprising given the services offered.
The general ratings of nextmarkets are positive, which can already be seen in the app ratings. General fees are not available. The spreads at nextmarkets are often small, only increased in places. Learning videos and webinars are also available for trading beginners.
Company background
nextmarkets was founded by former ayondo founder Manuel Heyden and his brother Dominic. The Heyden brothers have recognized the problems of the social trading platform ayondo. Therefore, nextmarkets tries to solve the problems of social trading through Coachfolio and Curated Investing while maintaining the most interesting aspects (such as copying successful traders).
Curated investing
We have written a separate article for those traders who are not familiar with Curated Investing. In short: Curated Investing takes private investors by the hand and supports them with coaches and professional traders. In this way it is possible to map or copy individual ideas from selected top traders.
What is Coachfolio?
Coachfolio enables the automated copying of all trades of a selected coach. You copy the portfolio of the selected Pro Trader and participate directly in the profit and loss. You can either follow all coaches or only selected coaches and thus create a widely spread portfolio. This already works with smaller deposits. The development of the coach portfolio is updated in real time.
When you use Coachfolio, all trading instruments are automatically traded, i.e. indices, stocks, currencies, commodities, cryptos, bonds and ETFs. This is because these are an integral part of the Coachfolio categories and cannot be deselected at this time.
| Select a row to sortSorted by overall scoreSorted by minimum deposit |  |  |  |  |
|---|---|---|---|---|
| 3.2 | 4.8 | 4.6 | 4.5 | |
| $100 | $20 | $5 | $0 | |
| Regulators | not available | CySEC in Cyprus, FCA in the UK, ASIC in Australia | CySEC in Cyprus | FCA in the UK, CySEC in Cyprus |
| Demo account | not available | Yes | Yes | Yes |
| MetaTrader 4 | Yes | Yes | Yes | No |
| MetaTrader 5 | Yes | Yes | Yes | No |
| Web platform | Yes | Yes | Yes | Yes |
| Own platform | not available | Yes | No | Yes |
| Open an account | 70.5% of retail CFD accounts lose money. | 65% of retail CFD accounts lose money. | 80% of retail CFD accounts lose money. | 77% of retail CFD accounts lose money. |
Is nextmarkets safe?
How do deposits and withdrawals work at nextmarkets?
How easy is it to open an account at nextmarkets?
Not sure nextmarkets is right for you?
Is the nextmarkets app good?
Which platforms does nextmarkets offer?
Trading Platform
- Desktop windows
- not available
- Desktop MAC
- not available
- Web platform
- Yes
- Own platform
- not available
- MetaTrader 4
- Yes
- MetaTrader 5
- Yes
Platform overview
Popular trading platforms such as MetaTrader 4 or MetaTrader 5 (from 2022) were added subsequently at the request of customers. However, certain additional offers such as Coachfolio and Curated Investing are not possible via the MT4 and MT5 structure.
We recommend that existing MetaTrader users test the Webtrader from nextmarkets. The webtrader fulfils most of the traders’ wishes and also offers some functions for chart analysis. The following image shows some popular indicators such as the RSI, Bollinger or Pivots.
Web platform
The order mask of nextmarkets is elegantly solved. You can place orders either in units or with a selected amount as long or short position. The leverage is also freely selectable (up to 1:100 as Pro Trader and max. 1:30 as normal trader).
Helpful is also the display “required margin” which shows how much capital is needed to open the position. Additionally you can see the point profit or loss for the selected size. Of course you can choose between Market Order (immediate execution) and Entry Order (choice of entry e.g. DAX 12050).
Mobile app
The mobile trading app from nextmarkets is very intuitively modern and extremely popular. With 4.7 out of 5 stars and over 700 ratings, most trading apps can take a leaf out of your book. The app is available for both iOS and Android and can also be used with tablets. Most of the functions as in the Webtrader can also be used in the mobile app. However, the chart analysis functions are somewhat more limited.
What can you trade at nextmarkets?
FAQ
Is nextmarkets a good broker?
nextmarkets is a legit broker operating under CySEC oversight. No scam warning has been issued on the CySEC website.
Is nextmarkets regulated and trustworthy?
nextmarkets remains fully compliant with CySEC rules and regulations. Traders should view it as a safe and trusted broker.
Is nextmarkets a scam broker?
nextmarkets is a legit broker operating under CySEC oversight. No scam warning has been issued on the CySEC website.
What is the minimum deposit at nextmarkets?
The minimum deposit at nextmarkets to open a live account is $250.
Which trading platform is available at nextmarkets?
nextmarkets offers the core MT4 trading platform and a proprietary WebTrader.
Does nextmarkets offer a free demo account?
Yes. nextmarkets offers an unlimited demo account for trading beginners or testing purposes.
How does nextmarkets compare?
nextmarkets alternatives