FX Next Review 2020

FX Next Rated 3/5
learn more Learn more about eToro. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

FX Next Guide

FX Next are an online broker founded in 2008 offering Forex trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading.

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

FX Next have a listed stock symbol. This means that FX Next have publically listed and you can officially buy shares in FX Next on one of the worlds global market exchanges.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of FX Next we break down the pros and cons. What FX Next are able to offer, what countries FX Next are available in. Who FX Next are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with FX Next

  • Regulated by: Unregulated
  • Headquarters Country : Vanuatu
  • Foundation year 2008
  • Min Deposit : 100
  • Used by over 10,000 traders
  • FX Next is not available in the following countries :
Open FX Next's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to FX Next

With this review we hope to help you see if FX Next is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding FX Next that will help you get off to a good start in the world of online trading.

FX Next Review Table of Contents

FX Next what you should know

FX Next offer four ways to trade: Forex trading, Spread Betting, Social trading, Share Dealing.

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 choosing a broker like FX Next the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2008, and in operation for 12 years FX Next have a head office in Vanuatu.

FX Next is regulated. This means FX Next are supervised by and is checked for conduct by the Unregulated regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to FX Next, this will be honored. If FX Next violate any regulatory rules their regulated status could be stripped.

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 banks financial health and strength.

Try creating two accounts when you are working with FX Next. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

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.

Broker fxnext eToro XTB Pepperstone
Year Established 2008 2006 2002 2010
Head Office Vanuatu Cyprus, UK Poland Australia
Regulation Unregulated Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
Used By 10,000+ 12,000,000+ 250,000+ 10,000+
Negative balance protection No Yes Yes
Guaranteed Stop Loss No Yes No
Learn More Visit FX Next Visit eToro Visit XTB Visit Pepperstone
Risk Warning Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

FX Next Pros and Cons

What we like about FX Next

  • Used by over 10,000 traders
  • Established in 2008
  • Regulated by Unregulated
  • Min. deposit from $100

What we don't like about FX Next

FX Next Financial Regulation and Supervision in more detail

FX Next are not supervised or regulated by any well known regulatory bodies. Its normal to find online brokers like FX Next that are not regulated yet appear to be legitimate.

FX Next maybe relatively new. Some brokers provide their service under offshore licenses to save operational costs. Regulatory licensing can be very costly. We recommend only trading with regulated brokers. Should anything go wrong with FX Next you are not guarenteed help in a difficult situation.

  • Unregulated

FX Next General Fees

  • FX Next withdrawal fees varies on payment method
  • FX Next does charge inactivity fees
  • FX Next does charge deposit fees
Broker fxnext eToro XTB Pepperstone
Min Deposit 100 200 0 200
Withdrawl Fees varies Yes varies No
Inactivity Fees Yes No Yes
Deposit Fees No No No
CFD Commission Fees No Yes Yes

FX Next Commissions

  • FX Next does charge commission on CFD instruments.

What can you trade with FX Next?

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

If you are looking at trading currency pairs FX Next offer over currency pairs.

Compare FX Next with eToro and XTB below.

Your capital is at risk

Broker fxnext eToro XTB Pepperstone
Instruments Available 118 100 1,500 100
Platforms MT4,WEB,iPhone,Mac Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
FX / Currencies Visit FX Next Visit eToro Visit XTB Visit Pepperstone
Forex pairs offered 50 50 70
Major forex pairs Yes Yes Yes Yes
Minor forex pairs No Yes Yes Yes
Exotic forex pairs No Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit FX Next Visit eToro Visit XTB Visit Pepperstone
Commodities Offered 0 0 21 16
Metals No Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes Yes No
Indiced & Stock CFDs Visit FX Next Visit eToro Visit XTB Visit Pepperstone
Stocks Offered 957 1696 60
UK Shares No Yes Yes No
US Shares Yes Yes Yes No
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes No

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.

An 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, making it easier to keep an eye on and execute your trades while you’re on the move.

See fxnext's platforms

FX Next Trading benefits :

  • Allows hedging
  • Offers STP
  • Low min deposit

FX Next Trading Accounts Offered :

  • Demo account
  • Micro account
  • ECN account
  • STP account

Can I try FX Next before I buy?

FX Next offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

FX Next withdrawl and funding methods.

FX Next offer the below funding payment methods. learn more about FX Next

  • Credit cards
  • Skrill
  • Neteller
  • American Express
Broker fxnext eToro XTB Pepperstone
Bank transfer No Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer No Yes Yes Yes
Neteller Yes Yes Yes Yes

How can I start trading with FX Next?

When opening a trading account with FX Next, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on FX Next trading platforms here.

Performing trades with FX Next

FX Next allow you to execute a minimum of trade of varies. This may vary depending on the account you open. FX Next allow you to execute a maxium trade of varies. As FX Next offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

FX Next Leverage and FX Next CFDs Explained

let's take a look at some of the basics of using FX Next leverage.

FX Next offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

FX Next leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the FX Next trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The FX Next leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

FX Next CFDs are typically used for short to medium term trades. For example FX Next intraday trading.

Education resources at FX Next

To trade effectively with FX Next, it's important to get a have a good understanding of the FX Next trading tools and the markets.

FX Next offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with FX Next.

Take time to look around the FX Next platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at FX Next

FX Next support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

FX Next have a D grade support rating because because sometimes the response was slow or our query wasnt answered. FX Next less customer support features compared to other brokers like live chat, phone and email support. 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

We tested the FX Next live chat and it works well. We sent messages to FX Next livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with FX Next support in multiple languages in multiple countries. FX Next where able to resolve our customer issues.

Email Support at FX Next

We sent several emails to FX Next and answer times overall were excellent. The fastest response from FX Next was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with FX Next, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from FX Next.

Phone Support at FX Next

We called FX Next and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The FX Next phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual FX Next team by calling in varying languages. FX Next made an effort to make sure our queries were answered.

Overall the phone support from FX Next was okay.

See how FX Next Support Compares Against Other Brokers

Broker fxnext eToro XTB Pepperstone
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, German, Spanish, French, and Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Learn More Visit FX Next Visit eToro Visit XTB Visit Pepperstone
Risk Warning Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

What you will need to open an account with FX Next

As FX Next is regulated by Unregulated, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore FX Next's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with FX Next you can visit their website here.

CFDs are leveraged products and can result in the loss of your 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 as investment advice. All information collected from https://www.fxnextgen.com/ on 12th August 2018.

Is FX Next A Good Broker?

We spent over 3 months examining FX Next in depth. Although we found some very useful aspects of the FX Next platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative FX Next broker.

  • FX Next have a good track record of offering Forex trading, Spread Betting, Social trading, Share Dealing.
  • FX Next has a history of over 8 years.
  • FX Next has a reasonable sized customer support of at least 10.
  • FX Next are regulated by Unregulated. This means FX Next fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • FX Next have regulation from a Tier 1 reputable country.
  • FX Next has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • FX Next have an international presence in multiple countries. This includes local FX Next seminars and training.
  • FX Next are able to hire people from various locations in the world who can better communicate in your local language.

FX Next Risk Disclaimer

Your capital is at risk

FX Next not quite right?

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If you feel some of the above FX Next are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of FX Next alternatives below.

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If you would like to see how FX Next stands up against other brokers you can read some of our FX Next comparisons below. We compare side by side some of our top rated FX Next versus comparisons. Read some indepth FX Next VS pages below.

FX NEXT Frequently Asked Questions

Can I try FX Next before I buy?

FX Next offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do FX Next accept?

FX Next offer the following funding payment methods accept Credit cards, Skrill, Neteller, American Express, among other payment methods.
Learn more here

Your capital is at risk

Is FX Next safe?

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 banks financial health and strength.

Is FX Next trading good?

While FX Next may not necessarily be considered bad, they are not regulated. We would recommend trading with only regulated brokers.FX Next is used by over FX Next active traders. FX Next offers Forex trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading. Minimum deposit with FX Next is mindeposit.

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 12 years. FX Next offers clients Forex trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading. All funds deposited to FX Next are held in segregated tier 1 bank accounts for security. FX Next is not regulated. Although this doesnt mean FX Next are awful, we recommend trading with regulated brokers.

Is FX Next a good broker?

FX Next is not regulated by a top tier financial regulator. While many traders may still find trading with FX Next useful, we recommend only trading with a broker that has regulation.FX Next allows Forex trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading.

Is FX Next trustworthy broker?

While having many plus points because FX Next is not regulated we personally would not trade with them. Make any broker you trade with is regulated and places any funded money into segregated tier 1 bank accounts. If your money is in a segregated bank account the broker has no direct access to your funds so cannot misappropriate your money.

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 but averages 2-5 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 purchased by FX Next even if no buyer 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. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on FX Next trading platforms here.

Is my money safe with FX Next?

FX Next is regulated by Unregulated. One of the most important criteria for traders when choosing a broker like FX Next is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to FX Next, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is FX Next a con?

While we would noy say that FX Next is a con. Because they are not regulated by a top tier financial regulator 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 varies on payment method. FX Next does charge inactivity fees. FX Next does 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 10000 registered traders.

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 means 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 guarenteed to close your trade at your specified price.

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 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?

FX Next accept the following funding methods : Credit cards, Skrill, Neteller, American Express,

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 editor 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 experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, 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