NextTrade offers 1 major accounts: ECN
Below is the full list of account types offered by NextTrade:
- ECN account
NextTrade ECN Account: Best for Beginners
NextTrade ECN Accounts are designed to meet the needs of retail traders in the forex and CFD markets. These accounts suit beginner traders, offering a straightforward and accessible trading experience with competitive spreads and reliable execution.
Key Features:
- Applicable For: Applicable to traders of all jurisdictions.
- Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity.
- KYC Verification: Required
- Trading Instruments: CFDs on stock indices, various commodities, such as gold and silver, and a wide choice of FX pairs,
- Trading Platforms: MT5, Tradelocker
- Minimum Deposit: $10
- Maximum Leverage: 1:500 (Forex), 1:200 (Metals, indices), 1:20(stocks), Cryptos: 1:100 (Cryptos)
- Trading Fees: Commission $7 per standard lot traded. Variable spreads from 0.4 pips. A rollover commission is applied on open positions overnight.
- Minimum Trade Size: 0.01 lot.
- Maximum Trade Size (Lot restriction per Ticket): 50 Lots
- Funding Currencies: Credit Card or Bank Transfer, Ripple (XRP), USDT (Tether), USDT (TRC20), USD Coin (TRC20), Dogecoin (DOGE), Litecoin (LTC), Ethereum (ETH), and Bitcoin (BTC):
- Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account.
- Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
- Trading Style Allowed: All including Scalping, hedging, and EA Trading.
- Stop Out Level (retail): 20%
- Margin Call Level: 50%
- Negative balance Protection: Yes
- Investor Protection: No investor protection is Available.
