NextTrade Alternatives - Better Forex Brokers for 2024
Find out the major disadvantages of NextTrade Forex Brokers and alternatives with lower fees and more security. Unbiased NextTrade Alternatives reviews.
So which brokers are better than NextTrade? Want to jump straight to the answer? OspreyFX is the best alternative broker to NextTrade in 2024 .

3.8 / 5

Rating breakdown

Security
70%
3.5/5
Ease of Use
70%
3.5/5
Tradable Assets
60%
3.0/5
Deposit and withdrawal
90%
4.5/5
Trading Fees
70%
3.5/5
Support
90%
4.5/5

Things we didn't like:

 Absence of a direct telephone number for customer support
 Newcomer in the industry
 The absence of community features

Why would you want an alternative to NEXTTRADE?

NextTrade faces two notable drawbacks that could hinder its appeal to potential traders. Firstly, as a newcomer in the industry with a limited customer database, the broker encounters the challenge of establishing credibility and trust among prospective clients. Traders often seek well-established brokers with a proven track record to ensure the security of their investments. The lack of an extensive customer base may raise concerns about the broker's reliability and experience, potentially deterring potential users from choosing their services.

Secondly, the absence of community features, such as a Discord channel, deprives traders of a platform for shared insights, discussions, and support. A vibrant community fosters a sense of belonging and provides valuable information, aiding traders in making informed decisions. The broker's failure to provide such a space not only inhibits the development of a supportive network but also hinders transparency and communication, which are crucial aspects in the dynamic world of forex trading.

What to look for in a NEXTTRADE Alternative?

When seeking an NextTrade alternative try to consider brokers which can prove that they offset any of the limitations and cons of NextTrade, while at the same time matching or exceeding the strongpoints of the NextTrade offering, especially in those aspects which interest you the most.

Try to prioritize certain features to ensure a secure and supportive trading environment. Consider opting for a broker with an established reputation and a robust track record, as this helps instill confidence in the reliability of their services. A well-populated customer database attests to the broker's experience and trustworthiness. Additionally, explore brokers that offer community features like Discord channels, fostering a collaborative space for traders to share insights, strategies, and support. A vibrant community not only enhances transparency but also contributes to a sense of belonging and collective learning. By prioritizing both credibility and community engagement, traders can identify brokers that not only meet their financial needs but also provide a comprehensive and supportive trading experience.

Best NEXTTRADE alternatives – forex brokers like (or better than) NEXTTRADE

4.3 / 5

Rating breakdown

Security
80%
4.0/5
Ease of Use
80%
4.0/5
Tradable Assets
100%
5.0/5
Deposit and withdrawal
80%
4.0/5
Trading Fees
100%
5.0/5
Support
80%
4.0/5

Things we liked:

 Up to 500:1 leverage
 Low minimum deposit requirement

Things we didn't like:

 Absence of a direct telephone number for customer support
 Ospreyfx is not a fully licensed and regulated broker

#1
OspreyFX Overview

Named after the very large, distinctively shaped, fish preying hawk, which suitably decorates the brand’s logo, OspreyFX is a relatively new entrant in the world of forex brokerages, aiming to offer existing and aspiring traders an innovative venue in which they can satisfy all their trading needs, including the trading of cryptocurrencies.

4.2 / 5

Rating breakdown

Security
70%
3.5/5
Ease of Use
90%
4.5/5
Tradable Assets
100%
5.0/5
Deposit and withdrawal
100%
5.0/5
Trading Fees
80%
4.0/5
Support
60%
3.0/5

Things we liked:

 AvaTrade has low trading fees
 The account opening is user-friendly and fast
 It offers a lot of deposit and withdrawals options free of charge

Things we didn't like:

 The product portfolio is limited as it offers only CFDs, forex, and cryptos
 The research tools are limited

#2
AvaTrade Overview

Since its establishment in 2006, AvaTrade has expanded to 11 countries and offers an array of trading platforms for web, desktop, and mobile use. It facilitates trading in spot forex, forex options, and CFDs across various asset classes, including cryptocurrencies. AvaTrade boasts 300,000 registered traders executing over 3 million trades monthly, with a total traded value exceeding $1.47 trillion.

4.0 / 5

Rating breakdown

Security
80%
4.0/5
Ease of Use
100%
5.0/5
Tradable Assets
50%
2.5/5
Deposit and withdrawal
100%
5.0/5
Trading Fees
80%
4.0/5
Support
70%
3.5/5

Things we liked:

 XM has low trading fees
  The account opening is user-friendly and fast
 Lots of educational tools

Things we didn't like:

 XM has a limited product portfolio
 The research tools are limited
 It charges inactivity fees

#3
XM Overview

XM is a CySEC, ASIC and IFSC regulated, multi-asset class broker offering to trade on more than 1,000+ tradable CFD’S on Forex, Stocks, Commodities, Indices, Metals and Energies on the globally-recognised trading platforms MetaTrader 4 and MetaTrader 5 for PC, Mac, Web, iOS and Android systems.

NextTrade Alternatives Frequently Asked Questions (FAQs):

Are there any sites like NextTrade?
Yes, there are many sites offering similar services like NextTrade. Those include OspreyFX, eToro, XTB and many more. If you are to look for an alternative to NextTrade for your forex trading needs, then you must make sure it is one with a better offering.
Who are NextTrade Top Competitors?
NextTrade 's top competitors in July 2024 are: OspreyFX, AvaTrade, XM and more. OspreyFX is currently rank as the number one on the list of top Forex brokers.

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