NextTrade is an offshore forex and CFD broker that offers online trading services globally. The broker provides access to a variety of trading instruments, including CFDs on stock indices, various commodities, such as gold and silver, and a wide choice of FX pairs. NextTrade is an unregulated broker, so it can high leverage and unrestricted trading, which are often restricted in many regulated markets. However, the lack of regulation also exposes traders to potential risks. Despite this, many traders opt for NextTrade due to its competitive trading conditions, high leverage, and lower minimum deposit
NextTrade offers two main trading platforms, including MT5, Tradelocker. These platforms provide charts, indicators, and tools for trading in global financial markets, and support advanced trading features such as automated strategies, one-click trading, customizable layouts, and fast execution speeds.
In this article, we will explore each platform of NextTrade, highlighting their features, benefits, and the types of traders they are most suitable for. By the end, you’ll have a clear understanding of how these platforms work and how they can help improve your overall trading experience
A List of Trading Platforms Offered by NextTrade
NextTrade offers two major trading platforms. They include
- MetaTrader 5 (MT5)
- TradeLocker
The Platforms of NextTrade Reviewed
NextTrade offers the most popular trading platforms for the convenience of traders and investors. These platforms include MT5, Tradelocker, etc. These platforms are equipped with powerful features to enhance trading performance, whether you are a beginner or an experienced professional. Here are the features, pros, and cons of the trading tools offered by NextTrade.
MetaTrader 5 (MT5):
NextTrade offers Metatrader 5 (MT5) to its clients for free. MetaTrader 5 (MT5) is the successor to MT4, offering an even more advanced and feature-rich platform for traders. Developed by MetaQuotes, MT5 provides additional tools and capabilities, making it suitable for more experienced traders. Offered by NextTrade, MT5 expands on the capabilities of its predecessor by introducing more timeframes, advanced charting options, and support for additional asset classes like stocks and futures.
Key Features:
- Enhanced charting tools with more timeframes and indicators
- Support for multi-asset trading, including forex, stocks, and futures
- Built-in economic calendar for tracking market-moving events
- Advanced order types, including buy-stop limit and sell-stop limit orders
- Automated trading with improved Expert Advisors (EAs) and strategy testing
Pros:
- More advanced charting options and timeframes than MT4
- Integrated economic calendar to stay updated on global events
- Supports trading a wider range of assets, including stocks and futures
- Improved backtesting and strategy testing for automated trading
- Enhanced order execution with advanced order types
Cons:
- The steeper learning curve for beginners compared to MT4
- Can be more resource-intensive due to its advanced features
- Smaller third-party community support compared to MT4
MetaTrader 5 is best for experienced forex traders, multi-asset traders, and algorithmic traders who require more advanced features and greater flexibility. It is particularly ideal for traders looking to trade not just forex, but also stocks and futures, and who want more robust tools for automated trading and strategy testing. To learn more, check out our article on the NextTrade MT5 Trading Platform.
Comparing NextTrade’s Trading Platforms and Tools with Other Offshore Forex Brokers
Forex brokers provide various trading platforms and tools, offering traders flexibility and enhanced trading options. Here is a simple comparison of NextTrade’s platforms and tools with those of its main competitors, so you can easily see which broker provides which features.
| Brokers Name | Trading Platforms | Tools |
| PlexyTrade | MT4, MT5 and TradeLocker | VPS Hosting, Economic Calendar, Trading Calculators, Education, Alpha Generation Plugin, Technical Views, Market Buzz |
| Kot4x | TradeLocker | |
| SolidECN | MT5, WebTrader | Economic Calendar, News Portal |
| N1CM | MT4, MT5 | Analysis, Economic Calendar, Autochartist |
| Zforex | MT5, cTrader | Trading Ideas, Economic Calendar, Trading Analysis, Market News, Daily Forex Analysis, Weekly Analysis, Market Notifications |
| MidasFX | MT4 and MT5 | |
| xChief | MT4, MT5 | Analytical Reviews, Economic Articles, Currency Charts, Interest Rates, Trader’s Calculator |
What Trading Tools Does NextTrade Offer?
NextTrade provides an extensive suite of trading tools designed to enhance the trading experience and empower traders with advanced functionalities. These tools cater to a wide range of traders, from beginners to seasoned professionals, offering everything from technical analysis and automation to low-latency connections and market updates. Here are the trading tools offered by NextTrade.
- Video Resources
These tools help traders enjoy a better and more efficient trading experience by offering enhanced analysis, faster execution, and access to professional-level strategies. Whether you’re looking to automate your trades, follow experienced signal providers, or gain deeper insights through technical indicators and economic data, NextTrade’s trading tools are built to support smarter and better decision-making.
To learn more about the tools offered by NextTrade, read our in-depth content: NextTrade Trading Tools Reviewed.
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 platforms does NextTrade use?
NextTrade offers two main trading platforms: MT5, Tradelocker. In addition to these platforms, NextTrade provides a range of tools designed to enhance the trading experience. These include Video Resources
Does NextTrade Charge Fees for Platforms?
No, NextTrade does not charge any fees for using its trading platforms, such as MT5, Tradelocker. Traders can also access the default indicators and basic tools on these platforms free of charge. However, some advanced third-party tools or premium services may have separate costs.
Final Verdict:
NextTrade is an offshore forex broker. It offers a range of trading platforms and tools designed to support all types of traders. The platforms include MetaTrader 5 (MT5), and TradeLocker, each equipped with unique features to meet various trading needs. MT5 provides advanced charting and multi-asset support.
NextTrade also provides several tools, such as Video Resources, to improve trading efficiency and support automated strategies.
With its comprehensive selection of platforms and tools, NextTrade offers the resources needed to execute strategies effectively and stay competitive in the forex and CFD markets.
