FX Next Rated 3/5

FX Next Guide - Read our In Depth 2024 FX Next Review

This detailed FX Next review has been researched and fact checked by industry experts with over 30 years of financial experience in Forex trading, Spread Betting, Social trading, Share Dealing.

Learn more about FX Next.

FX Next Review 2024 Quick Summary
💰 Min Deposit 100
👱‍♂️ Used By 10,000 FX Next users and traders
📆 Founded 2008
🌍 HQ Vanuatu
👮‍♂️ Regulation Unregulated
🚫 Excluded Countries FX Next is not available in the following countries :

Open FX Next's Website

Your capital is at risk

Learn more about IC Markets.
learn more Learn more about IC Markets.
Losses can exceed deposits

What is FX Next?

FX Next are a worldwide financial trading platform and broker. founded in 2008

Over 16 years later FX Next now serves over 10,000 retail investors Forex trading, Spread Betting trading, Social trading, and Share Dealing trading.

FX Next are a global broker. FX Next have a head office in Vanuatu.

When trading in the financial markets, finding a broker that meets your needs can be very time-consuming.

We will dive deep in this FX Next review and assess how well the FX Next platform functions in its role as an international multi asset trading platform for traders in 2024.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like FX Next. Choosing or shortlisting a trading platform like FX Next can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like FX Next.

As a result, selecting the right trading platform like FX Next requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like FX Next available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like FX Next requires thorough due diligence and careful consideration. Some FX Next trading features can be complex when trading on mobile or using the FX Next online trading platform. Beginners and inexperienced traders must take the time to learn how to use the FX Next trading tools properly. In our review of FX Next we explain the pros and cons. What FX Next offer, countries FX Next are available in. Who FX Next are regulated by and more.

FX Next Review Screenshot

When it comes to online trading with brokers like FX Next, carefully review FX Next as your broker can make or break your success. Choosing the right broker is essential to ensure your FX Next investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your FX Next review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of FX Next. You must also ensure the FX Next broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, FX Next needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with FX Next into easily digestible information in this FX Next review. We want to ensure you have all the knowledge necessary to use the FX Next trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with FX Next are the key to successful trading, so we've provided this detailed FX Next review. So, take a seat, grab a cup of coffee, and dive in to learn about FX Next and how it can benefit you or if FX Next is not for you.

Online investing with FX Next can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with FX Next, evaluating the FX Next platform is important. Evaluation includes researching the FX Next management team, track record, and services.

As a trader, you should feel confident that your financial investments are in good hands with FX Next. That's why it's essential to understand the FX Next company policies and practices before making any investment decisions. By doing your due diligence and understanding FX Next platform, you can make informed investment choices that align with your financial goals. So take the time to research FX Next thoroughly and make the most of your online investing experience.

We aim to provide you with all the information in this FX Next review you need to determine if FX Next is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to FX Next, so you can make a more informed decision and compare other brokers against FX Next.

If you want to look at some FX Next alternatives that might better fit your needs, we list and compare some of the best FX Next alternatives further down this FX Next review.

Trading online with FX Next requires an understanding of what you are doing. It can be challenging and requires significant research and understanding of the FX Next trading tools and features. You must know what you are doing when trading with FX Next. That's why we've compiled this detailed FX Next review with some important information that will hopefully make you more informed when online trading with FX Next.

FX Next Review Table of Contents

FX Next review
FX Next is a Multi-Assets Trading Platform with over 118+ Assets

Learn more about FX Next. FX Next is a multi asset platform with 118+ tradable Assets. Assets available on FX Next include Forex trading, Spread Betting, Social trading, Share Dealing.

FX Next trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex trading, Spread Betting, Social trading, Share Dealing are considered financial assets.

Features of FX Next

FX Next review
What you should know

FX Next offer four ways to trade: Forex trading, Spread Betting, Social trading, Share Dealing. The assets and products available to you on the FX Next trading platform depends on the region of the world, you are in and the FX Next entity you have an account.

With FX Next you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with FX Next platform.

FX Next are able to accommodate various levels of traders whether you are experienced or a beginner.

Are FX Next safe?

When considering FX Next for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as FX Next, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in 2008, and in operation for 16 years FX Next have a head office in Vanuatu.

FX Next is not regulated. This means FX Next are not supervised by any regulatory bodies.

FX Next withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like FX Next are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. FX Next are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of FX Next and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. FX Next has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, FX Next will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like FX Next, you can enjoy peace of mind and focus on your trading activities.

Your capital is at risk

Is my money safe with FX Next?

All payments made to FX Next by traders are securely held in a segregated bank account.

FX Next uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

What are Tier 1 banks and why should FX Next use them?

FX Next partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their FX Next clients' funds.

FX Next clients can have greater confidence in their financial security when working with a Tier 1 bank because FX Next are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

What does it mean to have your funds in FX Next deposited in a Tier 1 bank?

Depositing funds with FX Next ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if FX Next were to go out of business unexpectedly.

Based on the information presented, it is safe to conclude that FX Next is a secure and safe platform.

Please be aware that trading in financial assets with FX Next carries a risk of loss. FX Next trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex trading, Spread Betting, Social trading, Share Dealing due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

FX Next emphasizes this risk on its platform and provides clear risk warnings - Your capital is at risk. After answering some important questions about FX Next, let's closely examine its features.

To better understand the FX Next trading platform, you can create two separate accounts - one with real money and the other a FX Next demo account. A FX Next demo account provides a risk-free environment for experimenting with the FX Next platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in FX Next trading decisions.

Open a demo account Visit FX Next

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How FX Next as a Company Compare Against Other Brokers

Broker fxnext IC Markets Roboforex eToro
Year Established 2008 2007 2009 2007
Head Office Vanuatu Australia Belize Cyprus, UK
Regulation Unregulated Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
Used By 10,000+ FX Next users 180,000+ IC Markets users 1,000,000+ Roboforex users 35,000,000+ eToro users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit FX Next Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 51% of retail investor accounts lose money when trading CFDs with this provider.

FX Next review
FX Next Pros and Cons

What we like about FX Next

  • Used by over 10,000 FX Next users and traders
  • Established in 2008
  • Min. deposit from $100

What we don't like about FX Next

FX Next review
FX Next Regulation and Licensing in more detail

The online broker FX Next is not regulated by well-known bodies, although it may seem legitimate. Limited financial regulation is common for new brokers or those operating under offshore licenses to save costs. However, trading with regulated brokers is highly recommended as they may provide protection and assistance in difficult situations. If you encounter issues with FX Next, you may not receive adequate help or recourse.

  • Unregulated

Is FX Next Global?

Yes, FX Next is global as FX Next is available in over 194 countries.

FX Next is a global trading platform in the sense that it operates in 194 countries including nations in Africa, Asia, Oceania, and Europe. Major countries FX Next covers include the UK, Germany, South Africa, Thailand, the United States China and Australia. FX Next has a total of more than 10,000 users.

FX Next review
FX Next Fees Explained

  • FX Next withdrawal fees varies on payment method
  • FX Next does charge a fee for inactive accounts.
  • FX Next does charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from FX Next are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

FX Next Costs To Check

Modern brokers like FX Next provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, FX Next may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall FX Next trading profitability.

How FX Next Fees Compare Against Other Brokers

Broker fxnext IC Markets Roboforex eToro
Min Deposit 100 200 10 100
Withdrawal Fees varies No Yes Yes
Inactivity Fees No No Yes
Deposit Fees Varies No No
CFD Commission Fees Yes No Yes

FX Next Minimum Deposit

FX Next requires a minimum deposit of 100 GBP/USD/EUR when opening an FX Next trading account.

A minimum deposit is the minimum amount of money required by FX Next to open a new online brokerage account with them.

Don't be scared off by brokers like FX Next charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like FX Next, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

FX Next Withdrawal Fees

The fees for withdrawing funds from your FX Next account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your FX Next withdrawal request is important.

FX Next Withdrawal rules may vary across different brokers when it comes to transferring funds from your FX Next or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with FX Next may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the FX Next withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from FX Next. Researching and comparing FX Next withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing FX Next funds frequently or dealing with large sums of money. Awareness of these FX Next fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your FX Next funds.

For example, FX Next allows you to withdraw your funds to Bank Transfer, Credit cards, Bitcoin payments.

FX Next Inactivity Fees

FX Next does charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by FX Next terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all FX Next fees and services. It's recommended that you check the FX Next website before signing up. If you decide to close your FX Next account, it's important to do so with the FX Next broker customer support and obtain confirmation that no remaining FX Next fees are due.

Brokers like FX Next must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

FX Next Deposit Fees

FX Next do charge deposit fees.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

FX Next Commission Fees

FX Next does charge commission on CFD instruments.

Brokerage firms like FX Next may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the FX Next trading account level held by the trader.

FX Next may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing FX Next terms and conditions to understand the commission fees and any other charges that may apply is essential.

FX Next review
What can you trade with FX Next?

It's essential to note that the trading instruments offered under the FX Next brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the FX Next trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

You can trade a wide variety of instruments with FX Next over 118 instruments in fact.

If you want to trade currency pairs on global Forex markets, FX Next offer over currency pairs.

FX Next Compared To Other Brokers

Compare FX Next with IC Markets and Roboforex below.

Your capital is at risk

How FX Next Trading Options Compare Against Other Brokers

Broker fxnext IC Markets Roboforex eToro
Instruments Available 118 2250 100 5000
Platforms MT4,WEB,iPhone,Mac MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 61 35 50
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs No Yes Yes Yes
Exotic Forex pairs No Yes Yes Yes
Cryptocurrencies (availability subject to regulation) No Yes No Yes
Commodity CFDs        
Commodities Offered 0 20 21 31
Metals No Yes Yes Yes
Energies No Yes No Yes
Agricultural No Yes No Yes
Indiced & Stock CFDs        
Stocks Offered 2100 0 2042
UK Shares No Yes Yes Yes
US Shares Yes Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit FX Next
Your capital is at risk
Visit IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit eToro
51% of retail investor accounts lose money when trading CFDs with this provider.

FX Next review
Trading on FX Next web platforms and other applications

FX Next offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

A FX Next iOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device.

FX Next also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See FX Next's platforms

Is the FX Next Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the FX Next trading platform to protect you on PC and mobile FX Next platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using FX Next web trading platforms.

FX Next Trading Platform Options

After logging into your FX Next account, you'll find a range of trading platform options available below.

  • MetaTrader 4 (MT4)

Please be aware that FX Next does not currently support the MetaTrader 5 (MT5) trading platform. However, if you're looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.

FX Next does not support the cTrader trading platform. However, if you're looking for a broker that does offer cTrader, you can explore other options available through the provided link.

Let's explore each of these trading platforms in detail and what options FX Next gives you.

FX Next review
FX Next MetaTrader 4 (MT4)

FX Next MetaTrader 4

FX Next MetaTrader 4 (MT4) In Detail

MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on FX Next offers traders comprehensive features and tools to enhance their trading performance. The FX Next MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the FX Next platform to their needs. One of the standout features of MT4 is its charting functionality, which allows FX Next traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give FX Next traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 FX Next trading platform.

MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the FX Next MetaTrader 4 (MT4) trading platform. MT4 is a platform available with FX Next, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The FX Next MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. FX Next allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here.

You can start using the MetaTrader 4 platform with FX Next in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. FX Next MetaTrader 4 is compatible with the latest macOS. FX Next allows traders to trade on mobile devices through Android and iOS devices like the iPhone.

Metatrader 4 Webtrader on FX Next

MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.

The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.

Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.

Trade FX Next MetaTrader 4 on iOS Devices

You can download the FX Next app or trade with FX Next through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. FX Next customers have instant access to the financial market and can completely manage a Portfolio on the go.

Trade FX Next MetaTrader 4 on Android Devices

Millions of people worldwide use Android mobile devices and tablets, and FX Next offers its clients access to the MetaTrader 4 platform on these devices. With the FX Next MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing FX Next traders to stay on top of their trades and react quickly to changes in the market. With the FX Next MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.

Trade FX Next MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators available on FX Next are a powerful bundle of three major indicators designed to help traders make informed decisions. FX Next MT4 Trading Central indicators include:

  • Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
  • Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.

Trading Centrals Alpha Generation Indicators can help FX Next traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing FX Next traders to potentially stay one step ahead.

FX Next MetaTrader 4 Advanced Trading Tools

The FX Next MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give FX Next traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, FX Next provides traders with everything they need to succeed. The FX Next MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing FX Next traders to analyze the market at any level of complexity.

Trade FX Next MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.

It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.

This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.

FX Next MetaTrader 4 AutoChartist

Autochartist on the FX Next platform is a powerful tool designed to help traders find trading opportunities quickly and easily.

Available for FX Next MetaTrader 4 Autochartist can scan the market using an expert advisor script.

With Autochartist, FX Next traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save FX Next users time and makes the trading process more efficient.

The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. FX Next traders can navigate the platform and find the information they need to make informed trading decisions.

FX Next Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for FX Next traders of all experience levels.

FX Next Trading benefits

  • FX Next Allows hedging
  • FX Next Offers STP
  • FX Next Low min deposit

FX Next Trading Accounts Offered

Below we give an overview of the account types that FX Next offer. Whatever you are looking to trade, the varying FX Next account types will be able to provide you with what you need.

  • FX Next Demo account
  • Micro account
  • FX Next ECN account
  • FX Next STP account

Can I try FX Next?

FX Next provides a demo account that enables individuals to explore trading before investing their funds. By creating a FX Next practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the FX Next demo account can help individuals to make informed decisions before investing their money.

Open a demo FX Next account to practice and trade.

Your capital is at risk

FX Next withdrawal and funding methods

It's essential to remember that the payment methods provided by FX Next vary based on the FX Next entity and the FX Next client's country of residence. To view the FX Next payment options available, you can log into your FX Next member's area.

FX Next offers various funding payment methods listed in your FX Next dashboard if available in your region. To learn more about the FX Next funding and withdrawal options available in your area, you can explore the FX Next website.

FX Next provides several payment methods for funding your FX Next account. You may utilize any of these deposit options if they are available in your region. FX Next ensures that users have multiple payment methods to choose from, making it more convenient for verified FX Next account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the FX Next user's location. learn more about FX Next funding and withdrawal methods.

FX Next Payment Methods

Some FX Next payment methods are local and are available only to specific regions. FX Next account holders should check which payment methods are provided in your region.
  • FX Next accepts Bank Transfer
  • FX Next accepts Credit cards
  • FX Next accepts Bitcoin payments
Broker fxnext IC Markets Roboforex eToro
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes No Yes
Skrill No Yes Yes Yes
Payoneer No No Yes No
Neteller No Yes Yes Yes

*please note available FX Next and other broker payment methods depend on the clients country of residence.

How can I start trading with FX Next?

To open a trading account with FX Next, individuals can sign up on the FX Next website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for FX Next account validation and making a deposit. Once completed, FX Next users can download the trading platform of their choice.

It's important to note that FX Next requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps FX Next maintain a trustworthy financial environment for its 10,000 users. Detailed information on the FX Next trading platforms is available on their website.

Your capital is at risk

Performing trades with FX Next

When using FX Next, the minimum trade size is typically varies units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. FX Next have a max trade of varies. With the ECN and STP execution methods offered by the platform, traders using FX Next can enjoy tighter spreads and greater transparency when it comes to the pricing of their trades.

Like other brokers, FX Next margin requirements can differ depending on the traded instrument.

CFD Trading on FX Next

We will show you an example of the basics of using FX Next leverage.

CFD trading on FX Next allows traders to speculate on the price movements of various financial instruments against the broker FX Next, without actually owning real assets. With CFDs, FX Next traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

FX Next provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, FX Next leverage profits and losses are magnified when trading. For instance, using CFDs, you use the FX Next trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, FX Next leverage magnifies both profits and losses in trading.

Trading CFD trades on the FX Next platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced FX Next traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Your capital is at risk

Education Resources at FX Next

To trade effectively with FX Next, it's important to have a good understanding of the FX Next trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with FX Next and externally.

FX Next . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with FX Next. Familiarizing yourself with the FX Next trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using FX Next. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with FX Next involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like FX Next, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with FX Next. Explore the FX Next platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with FX Next, before live trading.

Customer Support at FX Next

As part of our FX Next review, we review customer service options, response times and problem resolution effectiveness on the FX Next trading platform. The FX Next trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

FX Next Available Support Types

Based on our experience, we have given FX Next a D grade for customer support. We encountered some slow response times or FX Next queries that were left unanswered.

Compared to other brokers, FX Next offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.

email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at FX Next

Our team tested the live chat support of FX Next and found it to be satisfactory. While we received a response within 25 minutes on most occasions, there were instances where we did not receive a response at all.

In addition, we tested FX Next support services in various countries and languages and found that FX Next were able to effectively resolve our customer issues.

Email Support at FX Next

We tested the email support of FX Next by sending 25 emails simultaneously, and our experience was mixed. While the answer times were generally excellent, with the fastest response being 3 hours, the slowest response was 6 days. We also encountered some instances where we did not receive any FX Next response.

The FX Next team did resolve and answer our queries, but the email support from FX Next was overall average compared to other brokers we have tested.

Phone Support at FX Next

We contacted FX Next via phone and received quick assistance within 10 minutes of our call.

The FX Next phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by FX Next and found that they could assist us in various languages.

While we found the FX Next phone support satisfactory, there is room for improvement in response time.

See how FX Next Support Compares Against Other Brokers

Broker fxnext IC Markets Roboforex eToro
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian English, German, Spanish, French, Italian
Learn More Visit FX Next Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 51% of retail investor accounts lose money when trading CFDs with this provider.

What you will need to open an account with FX Next

As FX Next is regulated by Unregulated.

As a new client of FX Next, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with FX Next in your region. During the FX Next account opening process, you will be asked to provide FX Next with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with FX Next have the following documents available.

  • FX Next require a scanned colour copy of your passport, driver's license or national ID card.
  • A recent utility bill or bank statement that confirms your residential address for FX Next compliance. This must be dated within the last six months.
  • If you plan to fund your FX Next account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the FX Next platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under FX Next Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring FX Next's platform.

However, remember that you won't be able to make trades on FX Next until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the FX Next KYC compliance process as soon as possible to avoid any delays in accessing the FX Next platform's features.

It is important to note that FX Next may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the FX Next platform and features immediately. However, you must pass the verification process to start live trading with FX Next, which can take up to a few business days.

To start the process of opening an account with FX Next you can visit the FX Next trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://www.fxnextgen.com/ on July 22, 2024.

Is FX Next A Good Broker?

We have spent over 5 years examining FX Next in depth. Although we found some very useful aspects of the FX Next platform that would be useful to some traders. We feel that a alternative to FX Next may better suit you.

  • FX Next have a good track record of offering Forex trading, Spread Betting, Social trading, Share Dealing.
  • FX Next has a history of over 16 years.
  • FX Next has a reasonable sized customer support of at least 10.
  • FX Next are regulated by the Unregulated. FX Next is subject to strict regulatory oversight from its respective jurisdiction, which holds FX Next (the broker) accountable for misconduct. This regulatory framework helps ensure that FX Next operates fairly and transparently and provides FX Next customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and FX Next.
  • FX Next have regulation from reputable regulators.
  • One of the advantages of using FX Next is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from FX Next are particularly important as FX Next traders want to receive their money quickly. With the efficient FX Next payment processing system, traders can enjoy faster access to their FX Next funds.
  • FX Next have an international presence in multiple countries. Including local FX Next seminars and training.
  • FX Next can hire people from various locations in the world who can better communicate in your local language.

FX Next Risk Disclosure

Your capital is at risk

Trading Risk Disclaimer

Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

You will be exposed to a high risk of loss regarding leverage and margin-based trading.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

FX Next not quite right?

If after reading this FX Next review, FX Next does not fulfill your needs check out these FX Next Alternatives.

Click here to view the best FX Next Alternatives

We have spent years researching the best alternatives to FX Next. Click the links below to learn more.

After extensive research over several years, we have compiled a list of the most effective FX Next alternatives available today. If you are unsatisfied with FX Next or want to explore other options, we recommend checking out our carefully curated list of highly-rated FX Next alternatives. Follow the links below to learn more about these FX Next broker alternatives and choose the one that best suits your trading needs.

Related FX Next Vs Comparisons

Throughout our comprehensive FX Next review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

If you're interested in comparing FX Next against other popular brokers in the industry, check out our FX Next Vs pages. Our team has compiled a series of detailed FX Next comparison articles, pitting the FX Next platform against some of the best-rated FX Next competitors in the market. Dive into our informative FX Next Vs pages below to find out how FX Next stacks up against other leading brokers.

FX Next review
FX NEXT Frequently Asked Questions

Read our detailed FX Next FAQ Section updated for 2024.

Can I try FX Next?

FX Next offer a demo account so you can try the FX Next platform with virtual trading before you put down a payment. Virtual trading with FX Next is zero risk. Learn more here

What funding methods do FX Next accept?

Please note that the list of payment methods below depends on the FX Next Entity and the client's Country of Residence.

FX Next offer the following funding payment methods Bank Transfer, Credit cards, Bitcoin payments, among other payment methods.
Learn more here

Your capital is at risk

Is FX Next safe?

FX Next have over 10,000 users. While FX Next may not be considered unsafe, they are not regulated or supervised by any major regulatory body. Depending on your trading style this may be okay. We recommend you trade with a regulated broker.Any payments funded to FX Next accounts by traders are held in a segregated bank account. For added security,FX Next use tier-1 banks for this. Tier 1 is the official measure of a bank's financial health and strength.Trading with FX Next is risky, and because the market is so volatile, losses could happen at any time. Do not invest with FX Next unless you are prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Your capital is at risk

Is FX Next trading good?

FX Next is considered good and reputable to trade with FX Next. FX Next is used by over 10,000 traders and FX Next users. FX Next offers Forex trading, Spread Betting trading, Social trading, and Share Dealing trading. Minimum deposit with FX Next is 100.

Is FX Next trading Legit?

FX Next was founded in Vanuatu in 2008. FX Next has been facilitating trade on the financial markets for over 16 years. FX Next offers clients Forex trading, Spread Betting trading, Social trading, and Share Dealing trading. All funds deposited to FX Next are held in segregated bank accounts for security. FX Next is not regulated. Although this doesn't mean FX Next are awful, we recommend trading with regulated brokers.

Is FX Next a good broker?

FX Next allows Forex trading, Spread Betting trading, Social trading, and Share Dealing trading. FX Next is overseen by the top tier financial regulators Unregulated so can be considered a good broker.

Is FX Next trustworthy broker?

Despite any potential benefits associated with FX Next, it is important to exercise caution when considering trading with an unregulated broker. Only trade with regulated brokers who adhere to strict industry standards and regulations. A regulated broker ensures that any funds you deposit are separate from the broker's operating funds in segregated bank accounts. A well-regulated broker cannot directly access your funds, providing added security and peace of mind. Therefore, before choosing a broker like FX Next, check their regulatory status and ensure that money is held in a segregated account to mitigate any risks associated with unregulated trading.

What is the minimum deposit for FX Next?

The minimum deposit to trade with FX Next is 100.

How long do FX Next withdrawals take?

Withdrawing money from FX Next processing time varies depending on the method but averages 1-5 days.

Is FX Next regulated?

FX Next is not regulated by a top tier financial regulator.

Is FX Next a market maker?

FX Next is a market maker. Stocks, currency and other commodities and instruments will be brought or sold by FX Next even if no buyer or seller is lined up.

How can I start trading with FX Next?

When opening a trading account with FX Next, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on FX Next trading platforms, you can follow the link provided below: Learn more about signing up with the FX Next trading platform here. This will provide useful information and insights into the various trading platforms offered by FX Next, enabling you to make an informed decision about which platform to choose for your trading needs.

Is my money safe with FX Next?

Yes your money is safe with FX Next.

Overall, strict financial regulation is essential for ensuring that trading platforms like FX Next operate fairly, transparently, and responsibly, which ultimately benefits all FX Next stakeholders involved.

Trading platforms like FX Next must have strict financial regulation for several reasons:

  • Protecting FX Next Investors: Strict financial regulation ensures that investors who use the FX Next trading platform are protected against fraudulent or unethical behavior by the FX Next platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the FX Next platform.
  • Maintaining FX Next Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the FX Next trading platform. Regulatory procedures reduce the likelihood of the FX Next platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
  • Enhancing FX Next Transparency: Regulations require trading platforms like FX Next to maintain detailed records and disclose FX Next client information. Financial regulatory requirements enhances transparency and helps to build trust between the FX Next platform and its investors.

FX Next is regulated by the Unregulated. When selecting a broker such as FX Next, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, FX Next ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like FX Next.

Is FX Next a con?

While we would not say that FX Next is a con. Because a top tier financial regulator does not regulate them, we would not trade with them.

Can you make money with FX Next?

Although traders have had great success with FX Next, trading on the financial markets with FX Next is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does FX Next have fees?

FX Next withdrawal fees vary on payment method.FX Next does charge a fee for inactive accounts. FX Next do charge deposit fees.

When was FX Next founded?

FX Next was founded in 2008.

How many people use FX Next?

FX Next is used by over 10,000 registered FX Next users.

What is FX Next Headquarters country?

FX Next has its head quarters office in Vanuatu .

Does FX Next offer negative balance protection?

FX Next does not offer negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.

Does FX Next offer guaranteed stop loss?

FX Next does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does FX Next allow scalping?

FX Next does not offer scalping.

Does FX Next allow hedging?

FX Next offers hedging.

Does FX Next offer CFD trading?

FX Next offers CFD trading.

Does FX Next offer STP?

FX Next offers STP trading.

How many people use FX Next?

FX Next is used by over 10000 FX Next users and traders.

Is FX Next an ECN broker?

FX Next offers ECN trading.

Does FX Next offer a demo account?

FX Next offers a demo account.

Does FX Next offer an Islamic account?

FX Next does not offer Islamic accounts.

What are the funding methods for FX Next?

Please note that funding methods and options available with FX Next can be found in the FX Next Members area and depend on the FX Next client’s country of residence. Please check your specific available payment methods on the FX Next website. FX Next accept the following funding methods : Bank Transfer, Credit cards, Bitcoin payments.

FX Next review written by Andrew Blumer and Mark Hansen

We hope you found our review of the FX Next brokerage firm useful.

This article was written by our financial editors, Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

FX Next review written by Mark Hansen of Comparebrokers.co