NextTrade is a popular online forex broker known for its user-friendly interface and competitive trading conditions. Many traders are drawn to NextTrade for its efficient and reliable services. On the other hand, MetaTrader 4 (MT4) is a widely used platform in the forex industry, known for its advanced charting tools and automated trading capabilities.
However, Does NextTrade Support MT4? The answer is “NO”, NextTrade does not currently support MT4. Instead, it uses the Tradelocker trading platform, which offers a range of features tailored to the needs of NextTrade traders. In this blog post, we will explore the trading platform used by NextTrade, explore alternative options available to traders, and discuss the implications of this choice on the trading experience.
So let’s Get Started.
Does NextTrade Work With MT4
No, NextTrade does not support MetaTrader 4 (MT4). The platform has chosen to implement the Tradelocker trading platform instead. Tradelocker represents the next generation of day trading platforms, strategically designed to meet the demands of bold traders and savvy brokers
NextTrade at a Glance
- Founded Year: 2020
- Headquarters: Stamford Hill, Durban Kwa-Zulu Natal 4001.
- Minimum Deposit: $10
- Maximum Leverage: 1:500
- Regulations: None (Unregulated Offshore Broker)
- Trading platform: TradeLocker,MT5
- Account Types: Standard ECN
- Trading Style: Scalping, Hedging, Swing Trading, Day Trading, Automated Trading
- Payment Options: Bitcoin (BTC),Ethereum (ETH),Litecoin (LTC),Ripple (XRP),Dogecoin (DOGE), Tether (USDT) (TRC-20),USD Coin (USDC) (BEP-20/TRC-20),Credit Card or Bank Transfer
- US Traders: Accepted
What Trading Platforms Does NextTrade Use?
NextTrade Currently Uses the Traderlocker Trading Platform. Trading is a next-generation trading platform that offers advanced charting facilities
Alternatives of NextTrade
NextTrade is a popular offshore broker. However, there are other brokers that can serve as alternatives to NextTrade. Some of the alternative brokers even offer MT4 Trading Platforms. For example, Plexytrade offers both MT4 and MT4 Trading Platforms. These alternative brokers include
- Founded In: 2024
- Minimum Deposit: $50
- Maximum Leverage: 1:2000
- Regulations: None
- Trading Platforms: MT4, MT5
- Trading Instruments: Forex, cryptos, commodities, indices and stocks CFDs
- Founded In: 2015
- Minimum Deposit: $5
- Maximum Leverage: 1:1000
- Regulations: None ( Offshore Forex Broker)
- Trading Platforms : MT4, WebTrader, Mobile Trader
- Trading Instruments: Forex, Indices, Commodities, Metals, Energy, Shares
- Founded Year: 2020
- Location: Seychelles
- Minimum Deposit: $10
- Maximum Leverage: 1:500
- Regulations: None (Unregulated Offshore Broker)
- Trading Platforms: MT4
- Trading Instruments: Forex, cryptos, commodities, indices and stocks CFDs
- Founded In: 2020
- Minimum Deposit: $10
- Maximum Leverage: 1:500
- Regulations: None (offshore forex broker)
- Trading Platforms: MT4
- Trading Instruments: Forex, cryptos, commodities, indices and stocks CFDs
- Founded In: 2019
- Minimum Deposit: $20
- Maximum Leverage: 1:500
- Regulations: None
- Trading Platforms : MT4, MT4 Webtrader, MT5 Mobile trader
- Trading Instruments: forex, cryptos, commodities, indices and stocks CFDs
- US Clients: Currently not accepted
Frequently Asked Questions (FAQs)
What is NextTrade?
Founded in 2020, NextTrade is an online forex and CFD broker. It is an offshore forex broker that offers 138 forex pairs, stocks, indices, commodities, and cryptocurrency services to traders worldwide. The broker allows all trading styles including scalping, hedging, news trading, etc. The maximum leverage of NextTrade is as high as 1:500.
What is the MT4 Trading Platform?
MetaTrader 4, or MT4, is a popular electronic trading platform used by online retail forex traders. Developed by MetaQuotes Software and launched in 2005, it’s widely licensed to forex brokers for their clients’ use. You can use more than 2000+ indicators on the MT4 Trading platform
What are the alternatives to MT4 Trading Platforms?
MT4 is the most popular trading platform in the forex trading world. However,there are several trading platforms that serves as alternatives to MT4. They include.
MT5 (MetaTrader5): Released in 2010, MT5 is the successor of MT4. Metatrader 5 offers more timeframe, more control, and advanced technology.
Ctrader: Known for its user-friendly interface and advanced charting tools.
Tradingview: A web-based platform appreciated for its social trading features and customizable charts.
Etoro Platforms: Etoro offers a range of trading platforms, known for its social trading network.
Final Verdict :
NextTrade does not offer Metatrader 4 as their trading platform. They offer Tradelocker as their trading platform.
Tradelocker, powered by Tradingview provides a range of features and tools for executing trades, managing positions, and analyzing markets. Although it may differ from the familiar MT4 interface, Tradelocker is designed to offer a user-friendly and efficient trading experience for NextTrade clients.
Disclaimer: Trading forex and CFDs comes with the risk of losing your trading capital. Furthermore, trading with unregulated brokers like NextTrade puts your funds at higher risks
