NextTrade is an offshore online brokerage that was established in 2020. It offers a wide range of trading options across asset classes such as forex, stocks, indices, commodities, and cryptocurrencies. The platform supports various trading styles, including scalping, hedging, and automated trading.
NextTrade operates on popular platforms like MetaTrader 5 (MT5) and TradeLocker, providing traders with advanced charting tools and a user-friendly interface. Although it offers attractive features such as low deposit requirements and commission-free trading, it remains unregulated, which may be a consideration for traders seeking added security.
Broker Logo |  |
BROKER INFORMATION
Broker Type | ECN |
Company | Riza Financial (Pty) Ltd. |
Foundation | 2020 |
Country | South Africa |
Regulation | Riza Financial (Pty) Ltd. (Company Registration Number 2021/910163/07), an authorized Financial Services Provider, licensed and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, with FSP Number 52855. |
Minimum Initial Deposit | $10 |
Account Base Currencies | USD |
Account Deposit Methods | Credit Card or Bank Transfer, Ripple (XRP), USDT (Tether), USDT (TRC20), USD Coin (TRC20), Dogecoin (DOGE), Litecoin (LTC), Ethereum (ETH), and Bitcoin (BTC) |
Account Withdrawal Methods | Credit Card or Bank Transfer, Ripple (XRP), USDT (Tether), USDT (TRC20), USD Coin (TRC20), Dogecoin (DOGE), Litecoin (LTC), Ethereum (ETH), and Bitcoin (BTC) |
Live Chat | Yes |
| support@nexttrade.com compliance@nexttrade.com | |
Call | +27311001703 |
ADVANTAGES
Free Demo Account | Yes |
Maximum Leverage | 1:500 |
Spreads | Spreads from 0.4 on FX pairs |
Stop Out/Margin Call | N/A |
Execution Type | Market Execution |
Introducing Brokers Program | Yes |
Affiliate Program | Yes |
Swap Free | Yes (Islamic) |
Promotions | Yes |
Virtual Private Server | No |
Trading Platforms | Tradelocker, MetaTrader 5 |
Scalping | Yes |
Hedging | Yes |
Expert Advisors | Yes |
Products | Forex, US Shares, EU Sahres, Energies, Futures, Metals, Indices, Cryptos |
DISADVANTAGES
Restrictions | – The Company does not provide its services for the residents of certain countries, such as the United States of America, United Kingdom, Canada, Japan, the Islamic Republic of Iran, Russia and the European Union. – The website is not intended for distribution to, or use by, any person in any country or the jurisdiction where such distribution or use would be contrary to local law. |
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