FX Next Review 2024 (Expert Review)

FX Next Review Summary

FX Next is an online broker that focuses on Forex. The company is well regulated and complies with various laws regarding money laundering. Its customer service is excellent. It also rewards its clients with numerous benefits. It offers a wide variety of instruments and trades, including currencies, commodities, indices, cryptocurrencies, and ETFs. It also offers a variety of trading platforms. You can access a variety of markets with the help of its mobile apps, and you can access your account from anywhere. If you're not familiar with online trading, fx next can provide you with all the necessary tools and information to start making money in no time.

FX Next review
FX Next Platform Features

FX Next main features and highlights

🗺️ Country of regulation	Unregulated
💰 Trading fees	No
💰 Inactivity fee	No
💰 Withdrawal fee	No
💰 Minimum deposit	100
🕖 Time to open a FX Next account	1-3 Days. *A FX Next demo account can be opened in a few minutes, but live FX Next trading account creation times will vary depending on how long it takes to process your FX Next KYC documents.
💳 Wire Transfer	No
👛 Depositing with electronic wallet	No
💱 Number of base currencies supported	1
🎮 Demo account provided	Yes
🛍️ Financial Instruments offered	Forex, Commodities, Indices, Stocks, Crypto, Futures

FX Next review
FX Next Financial Regulation

FX Next is regulated by Unregulated.

FX Next review
FX Next Pros And Cons

Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. Below are some key pros and cons. The pros of using FX Next include a large choice of assets that are available to be traded 24/7; and a modern website and mobile app; video guides and chart reading tools to help you carry out fundamental and technical analysis; community features to help you learn from and integrate with other platform users. On the other hand, the cons of using FX Next can be that the spreads offered on trading cryptocurrencies (Availability subject to regulation) are relatively wide; no mutual funds available to invest in; high risk meaning it is not often a suitable platform for new traders.

FX Next review
FX Next Advantages

One of the main advantages of using FX Next is around the clock service and support as well as research offerings. Not only this, but FX Next has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of FX Next with greater flexibility and more control - time is of the essence when trading, and where traditional brokers require appointments just to initiate a trade, trading with FX Next makes the process a lot quicker. Finally, users have the ability to monitor their investments in real time. FX Next offers stock quotes and trade information, making it easy for users to view how their investments are doing.

• FX Next has been in business over 10 years.
• FX Next offers Stock Trading.
• FX Next offers ECN trading.
• FX Next offers a Apple Mac desktop trading platform.
• FX Next offers Spread Betting.
• FX Next offers Hedging.
• FX Next offers mobile trading applications.

FX Next review
FX Next Disadvantages

Although FX Next has a lot of good points FX Next does not offer the below.

• FX Next does not offer Cryptocurrency Trading (See FX Next alternatives who offer Cryptocurrency Trading here)
• FX Next does not offer PayPal as a payment method (See FX Next alternatives who offer PayPal as a payment method here)
• FX Next does not offer Neteller as a payment method (See FX Next alternatives who Neteller as a payment method here)
• FX Next does not offer Skrill as a payment method (See FX Next alternatives who offer Skrill as a payment method here)
• FX Next does not offer Islamic Accounts (See FX Next alternatives who offer Islamic Accounts here)
• FX Next does not offer Bitcoin Trading (See FX Next alternatives who offer Bitcoin trading here)
• FX Next does not offer the MetaTrader 4 platform (See FX Next alternatives who offer the MetaTrader 4 platform here)
• FX Next does not offer the MetaTrader 5 platform (See FX Next alternatives who offer the MetaTrader 5 platform here)
• FX Next does not offer the cTrader platform (See FX Next alternatives who offer the cTrader platform here)
• FX Next does not offer Scalping (See FX Next alternatives who offer Scalping here)
• FX Next does not offer mobile trading applications (See FX Next alternatives who offer mobile trading apps here)
• FX Next has inactivity fees (See FX Next alternatives who do not have inactivity fees here)

Risk Warning: Your capital is at risk.

FX Next review
Things to understand when trading with FX Next

Trading with FX Next involves risk. You should only risk capital with FX Next that you can afford to lose. Understand your risk tolerance with FX Next, and have a trading strategy that FX Next is able to help you execute. FX Next is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments FX Next give you access too.

FX Next review
FX Next Trading Fees

Trading fees on FX Next are taken in the form of the spreads FX Next offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on FX Next. FX Next fees vary depending on the financial instruments traded and can include, FX Next overnight funding fees, spreads, margins and FX Next inactivity fees, currency conversion fees, and a spread for applying a guaranteed stop order. There may be some fees when transfering money to and from your FX Next account charged by your 3rd party payment provider if your FX Next base currency is different from your FX Next withdrawal method.

FX Next review
FX Next Financial Instrument Fees

FX Next fees for Forex, Commodities, Indices, Stocks, Crypto, Futures are listed below.

FX Next review
FX Next Stock Trading Fees

The majority of FX Next trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options. A FX Next stock trading fee is a brokerage fee that is charged when you buy or sell stocks. A trader may also pay commission or a fee for buying and selling other investments, like options or exchange-traded funds.

FX Next review
FX Next Forex Fees

Commission on FX Next Forex trading can either be a fixed fee (i.e., a fixed sum regardless of volume) or a relative fee: the higher the trading volume, the higher the commission. The amount of money that a trader is charged for FX Next Forex fees is based on their trade size. To calculate FX Next Forex fees, one would subtract the bid price from the ask price to find the spread. A Forex broker keeps this spread as their fee/commission.

FX Next review
FX Next Cryptocurrency Fees

Aside from the price of the cryptocurrency itself, each cryptocurrency exchange adds a fee for trading, when customers purchase and sell coins. FX Next cryptocurrency fees can vary, but most exchanges charge between 0.1% to 1% or more per trade. That means that if you've used $1,000 to invest in a certain crypto, the fee you will eventually pay for that transaction could be anywhere between $100 and $1,000. FX Next cryptocurrency fees include a fee for the Maker (which adds to the order book liquidity through limit orders) and Taker (which subtracts liquidity from an order book through market orders).

FX Next review
FX Next Non Trading Fees

FX Next non-trading fees include a variety of FX Next brokerage fees and charges that a trader will pay which are not related to buying and selling financial instruments using the FX Next trading platform. The most common non-trading fees include FX Next withdrawal fees, FX Next deposit fees and FX Next inactivity fees.

FX Next review
FX Next Deposit Fees

FX Next does charge deposit fees in some cases. When funding your FX Next account there may be some FX Next deposit fees which will vary depending on the payment method you use to deposit to your live FX Next trading account.

FX Next review
FX Next Inactivity Fees

FX Next does charge clients an inactivity fees for dormant FX Next trading accounts. A FX Next inactivity fee is a sum charged on FX Next brokerage accounts who have not met the minimum buying or selling amount of activity over a specific period. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.

FX Next review
FX Next Withdrawal Fees

FX Next does charge FX Next clients small withdrawal fees. Withdrawals fees vary between FX Next and FX Next alternatives depending on where you are located and how much money you are withdrawing.

FX Next review
FX Next Account Fees

FX Next does not charge account fees. Account fees charged differ between FX Next and other brokers. An account is a fee that FX Next and other brokers assesses on all accounts for the ability to keep an account on their platform.

FX Next review
FX Next Account Opening

The FX Next account registration process is simple, user-friendly, and quick. Within 1-3 Days most FX Next trading accounts are ready for live trades. Our FX Next account was validated in 1 day, but live FX Next trading account verification times will vary depending on the time it takes to process your KYC documents and FX Next trading account application. A FX Next demo account can be opened in a few minutes.

FX Next trading accounts are available in over 194 countries. FX Next is restricted in the following countries.

Apart from the restricted countries a FX Next trading account can be opened globally.

The FX Next trading platform is available for residents in US. Some financial instruments FX Next offer may be restricted in your country.

• Fast FX Next account opening.
• FX Next accounts can be opened and KYC can be verified digitally.
• FX Next minimum deposit is 100 USD / GBP / EURO.
• FX Next trading account verification may be held up for longer than a day if there is an issue with verifying your account.

FX Next review
FX Next Deposit And Withdrawal

FX Next Account Base Currencies

A base currency is the currency in which your account is denominated. In other words, it is the currency you use to trade. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.

GBP, USD, EURO are supported by FX Next as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders.

FX Next offers the following account GBP, USD, EURO.

When trading make sure your FX Next trading account currency is the same currency as your withdrawal and deposit bank account otherwise there may be some additional currency conversion fees levied by your bank. FX Next has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.

FX Next review
FX Next Deposit Fees and Deposit Methods

Investors can log in to their FX Next trading account, type in their credit card information and the funds required will be posted in a number of business days. Investors can also transfer funds into their FX Next trading accounts from an existing bank account or send the funds through a wire transfer or online check.

FX Next Deposit Fees

Making a deposit on your FX Next account is free.

FX Next Deposit Methods

There are several methods through which you can deposit money into your FX Next account. One can use a credit or debit card and FX Next accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your FX Next account using a personal PayPal account. One can also use bank wire or electronic bank transfer. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your FX Next account. Funding methods for FX Next include Bank Transfer, Credit cards, Bitcoin payments,.

FX Next review
FX Next Withdrawal Fees and Withdrawal Methods

You can withdraw cash from your FX Next brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to close open FX Next positions before doing so. Remember that after you close your orders, you may have wait for the trade to settle before you can withdraw that money from your FX Next account.

FX Next Fees When Withdrawing Your Account Balance

FX Next do not charge withdrawal fees. Some withdrawal fees are out of the control of FX Next and may be due to 3rd party payment providers and your account base currency.

FX Next Withdrawal Methods

Log into your FX Next trading account, which is connected to your bank account. Go to the section that says “funds” or “accounts” and click on it. You will be given two choices: either to add funds or withdraw funds. Click 'withdraw funds' to start transferring money from your FX Next account to your bank account. To withdraw money from your FX Next account you can use credit or debit cards. FX Next processes withdrawals to credit and debit cards provided by MasterCard and Visa. One can also use PayPal, as FX Next processes withdrawals to PayPal accounts. Finally, you can also withdraw funds straight to your bank account via bank transfer.

FX Next review
FX Next Trading Platforms

As there are a number of tradable financial instruments available on the FX Next trading platform. Before investing in the FX Next platform, there are important factors to consider. Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The FX Next platform has a demo account and educational resources, but it may not be designed for new traders so focuses less on those educational features. FX Next offer livechat, phone, and email support.

If you struggle with technology, you need to consider the level of support on FX Next is available. Another thing to consider is your financial goals. Make sure that a FX Next account fulfils these goals. Several platforms offer commission-free trading, but some require a minimum fee for opening an account.

There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a FX Next account. Ensure that FX Next allows you to focus on the type of trading that you want to focus on.

Make sure FX Next is correct for your investment purposes. Markets change quickly, and you need to be able to execute an order instantly. on your platform. Before using FX Next, think about how easy it is to use for your personal needs. Does the FX Next platform offer real-time updates or delayed updates that are more informed? Remember to check if FX Next is well regulated, and what tradeable financial instruments FX Next has. Security is very important when it comes to trading with FX Next.

FX Next Web Trading Platform

A FX Next web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through FX Next which acts as a financial intermediary. FX Next is a web trading platform through which Forex traders can open and close positions online, without downloading any software. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed.

Mobile Trading Platform

Both Android and iOS devices are supported by the FX Next mobile trading platform.

FX Next Apple IOS Trading Platform

A FX Next iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.

FX Next Google Play Android Trading Platform

A FX Next Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android mobile smartphone.

FX Next review
FX Next Mobile Trading User Experience

FX Next mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. FX Next mobile trading refers to trading using a mobile phone.

Leading brokerages like FX Next offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire FX Next portfolio. All an investor needs is a Web-enabled smartphone and a trading account with FX Next. Once you have download the FX Next trading app, you are ready to begin.

FX Next review
FX Next Desktop Computer Trading Platform

A FX Next computer trading platform is a software which one can use to research, place, monitor and edit trades on your desktop computer. You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The FX Next desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The FX Next desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds.

FX Next MetaTrader 4

MetaTrader 4, known as MT4, is a trading platform used by online retail foreign exchange traders. MetaQuotes Software developed and released this programme in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. It is a free-of-charge Forex trading platform, offering wide technical analysis options, flexible trading system, and algorithmic and mobile trading. MT4 is a popular online trading platform that can be used to automate one's trading. Its simple user interface provides users with access to advanced technical analysis and flexible trading systems.

FX Next PC Trading Platform

One needs a computer with high performing hardware if their plan is to be a full time trader using FX Next. A trading computer with access to a FX Next PC trading platform is a superior, extremely fast computer which is designed and customized to maximize a traders ability to interface with markets and make decisions in real time. There are four key ingredients to a great Trading Computer: speed, reliability, multiple monitors, and post-sale service & support.

FX Next Apple Mac Trading Platform

Apple Macs and MacBooks can easily handle the most important requirements when using the FX Next trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor (high definition Retina displays with True Tone technology, adjusting and adapting to ambient lighting), an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the FX Next trading platform is very user friendly on a Mac device.

FX Next review
FX Next Trading Look And Feel

The FX Next user interface (UI) is what FX Next traders will see and interact with first when trading with the FX Next trading platform. The FX Next is well designed. The goal of the FX Next trading UI is to make the FX Next user's experience intuitive. The FX Next application has good user experience and a good level of customer satisfaction.

FX Next Security

FX Next is a secure trading platform. FX Next offers traders security via 2 factor authentication, SSL encription when trading with FX Next. FX Next trading accounts are masked and encrypted using cutting-edge encryption and masking technology to secure your personal and financial information when trading with FX Next. Rate limitation on FX Next suspicious account activities is another layer of protection that is provided for FX Next trading accounts, for example multiple failed login attempts with FX Next. You have the option to further safeguard your account by using FX Next Two-Factor Authentication (2FA), which provides an extra layer of security.

The FX Next trading infrastructure is constantly watched and guarded by a trained team at FX Next In addition, FX Next never send sensitive information without first encrypting on the FX Next trading platform using transport layer security (TLS) and SSL.

FX Next review
Placing A Buy Or Sell Order On FX Next

Available FX Next order types. # market, limit, stop, stop limit, Good until end of day / canceled.

FX Next Market Order

A FX Next market order is an order to buy or sell a stock at the market's current best available price. A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. FX Next market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. FX Next market orders are popular as they are a fast and reliable method of either entering or exiting a trade.

FX Next Limit Order

A FX Next limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. However, having said this, there is no assurance of execution.

FX Next Stop Order

A FX Next stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.

FX Next Stop Limit Order

A FX Next stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The FX Next stop-limit order triggers a limit order when a stock price hits the stop level. A FX Next stop-limit order can be helpful when trading if you are unable to watch your trades all day.

FX Next review
FX Next Alerts And Notifications

Price alerts and notifications can be established for executed orders, important news, and margin calls, for example. On the online platform, these notifications appear as pop-up messages. It would be preferable if you could set up email or SMS notifications as well.

FX Next review
FX Next Trading Platform Features

Online trading platforms like FX Next are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with FX Next. The FX Next trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using FX Next.

FX Next Margin Trading

FX Next margin trading means borrowing money from the brokerage firm in order to carry out trades. When trading on margin, investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow. In essence, FX Next margin trading is a facility under which one buys and sells stocks that they cannot afford. You are allowed to buy and sell stocks by paying a marginal amount of the actual value. This margin is paid either in cash or in shares as security. Your broker funds your margin trading transactions.

FX Next review
FX Next Account Types

FX Next Demo Account

FX Next offers demo accounts that gives traders the ability to purchase and sell FX Next financial instruments in a practice environment, using fake FX Next digital money and live market conditions and data. When you practise on a FX Next demo account, one of the many advantages you'll enjoy is the opportunity to get acquainted with the more technical parts of the FX Next platform. FX Next demo accounts allow you to experience and practice a variety of market charts, FX Next trading indicators, and trading strategies using FX Next.

FX Next Standard Account

FX Next offers a standard trading account, allowing FX Next traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich FX Next trading platform.

FX Next STP Account

FX Next STP (Straight Through Processing) account is a FX Next trading feature that involves sending FX Next client orders directly to the market without passing them through a dealing desk. A FX Next STP account is considered to be more of a hybrid of the ECN and market maker (dealing desk) models.

FX Next ECN Account

A FX Next ECN (Electronic Communications Network) account is a pure order-matching execution system, where FX Next, as a provider, charges a commission per FX Next trade instead of inflating the spread, occurring more naturally within the FX Next order-matching process. A FX Next ECN is a financial intermediary that uses electronic communications networks to give FX Next clients direct access to other participants in equity and currency markets. As an ECN broker, FX Next only matches FX Next trades between other market participants; it cannot trade against the FX Next client.

FX Next DMA Accounts

FX Next Direct market access (DMA) refers to the access one is afford to the electronic facilities and order books of the FX Next financial market exchange that facilitate daily securities transactions. Rather than relying on market-making firms and broker-dealers to execute trades, FX Next might use direct market access to place trades themselves. FX Next DMA accounts make individual contracts with each liquidity provider.

FX Next review
FX Next Tradable Financial Instruments

FX Next tradable financial instruments are the financial instruments that are specifically available to trade on the FX Next trading platform. This refers to the different types of financial markets you can trade with through FX Next. Sometimes called securities , they range from commodity futures to stocks and CFDs, to currencies and metals, and more on FX Next.

FX Next review
FX Next Trading Stocks

Stock trading with FX Next is the act of purchasing and selling shares in a corporation listed on a stock exchange available for trading with FX Next; if you possess the stock on FX Next, you own a piece of the corporation and may be entitled to voting rights where applicable.

Stock trading on FX Next involves purchasing and selling stocks and share using FX Next periodically in order to time trades against the stock markets, with the aim of using FX Next to profit from your stock trading. FX Next stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price on FX Next. Stock traders on FX Next conduct significant study, frequently dedicating several hours every day to market monitoring using FX Next trading tools.

FX Next review
FX Next Trading ETFs

What Are ETFs

FX Next does not offer ETF trading. An ETF is a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of stocks, mutual funds, and bonds. ETF shares, like individual stocks, are traded throughout the day at varying prices based on supply and demand.

What Are Fractional Shares

FX Next does not offer fractional share trading.

Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share.

FX Next review
FX Next Trading Cryptocurrencies

FX Next does not offer cryptocurrency trading.

Cryptocurrency trading is not offered by FX Next, so you will need to find a FX Next alternative that allows you to buy and sell the underlying cryptocurrency assets. FX Next CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if CFD cryptocurrency trading is allowed in your region with a FX Next alternative and make sure you undertand the risks fully before trading.

FX Next review
FX Next Forex Trading

Forex trading with FX Next is a method through which to invest money which involves trading one currency for another in a Forex currency pair with FX Next. The main aim of FX Next Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with FX Next. As a FX Next Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like FX Next. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like FX Next. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on FX Next.

FX Next review
FX Next Commodities Trading

Commodity trading is a type of trading available on FX Next where individuals or businesses buy and sell financial instruments using FX Next related to commodities, such as metals or oil.

FX Next review
FX Next Options Trading

FX Next options trading is the trading of instruments that gives someone the right to buy or sell a specific security on a specific date at a specific price. If one decides to complete that purchase or sale, they are know to be exercising the option. FX Next option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options' variables.

FX Next review
FX Next Futures Trading

Futures trading with FX Next is where derivative financial contracts obligate a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and set price using FX Next to facilitate the trade. A FX Next futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on FX Next. Typically, futures contracts are traded on an exchange such as FX Next; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling FX Next trader to the contract agrees to provide it.

FX Next review
FX Next Bonds Trading

Bonds trading on FX Next is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an investment for the duration of the issued bond, and then give the original sum back at the end of the loan's term to the FX Next trader. Bonds can be bought and sold on FX Next after they are issued. While some bonds are traded publicly through FX Next, most trade over-the-counter between large broker-dealers like FX Next acting on their clients' or their own behalf. Yield is therefore based on the FX Next purchase price of the bond as well as the coupon.

FX Next CFD Trading

A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange.

FX Next review
FX Next Trading Research Tools

Taking advantage of FX Next trading research tools which are designed to help traders analyse potential investments using the FX Next trading platform. Some FX Next research tools include charts, technical analysis, and FX Next trading indicators.

FX Next Trading News

Traders can follow the markets and make wise investment decisions on FX Next by using the news to help form a strategy when it comes to choosing investments. A FX Next news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.

FX Next Economic Calendar

An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A FX Next economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.

FX Next Fundamental Data On Financial Instruments & Companies

Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. FX Next fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business. Fundamental analysis therefore evaluates securities by attempting to measure their intrinsic value.

FX Next Charting

Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on FX Next are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired.

FX Next portfolios

Trading portfolios are useful when trading with FX Next.

A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor.

A FX Next trading portfolio is a traders collection of investments, which may include a variety of FX Next financial instruments.

FX Next review
FX Next Payment Methods

A FX Next payment method is required to fund your FX Next trading account before placing a buy or sell order on a financial instrument.

When trading with FX Next, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. Some thing to be aware of is if your bank accounts base currency is different to the base currency of your trading account, your bank may add additional transfer fees that FX Next do not have any control over.

FX Next review
FX Next Withdrawl Methods

When trading with FX Next at some point you will want to release your funds back to your bank account or other withdrawal method. Many modern trading platforms offer withdrawal of your trading account balance to digital wallets and direct bank transfers. Depending on your geo region certain withdrawal methods may be more convenient to you. Each withdrawal method has its own withdrawal time which you will have to check before withdrawing your FX Next account balance. FX Next may have minimum withdrawal limits that you will need to check before withdrawing.

You may be charged a currency conversion fee by your withdrawal method if you withdraw your FX Next account balance in a currency other than GBP, or whatever your withdrawal method account base currency is.

FX Next Withdrawals Times

The time it takes for your withdrawal to arrive is determined by the method you used to make it. It's important to remember that this is the payment method you used to fund your FX Next account.

Withdrawal requests can take up to three business days to be processed by FX Next.

You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets.

If you're having a withdrawal transferred to your digital wallet account, your FX Next should arrive in less than 24 hours.

FX Next review
FX Next Customer Support

Customer support represents the resources within the FX Next company that provides technical assistance to its customers after they use the FX Next service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.

FX Next offer email, livechat, phone, customer support.

FX Next Email Support

FX Next offers email support.

Email support is a a convenient method of FX Next customer service but responses to support queries are not quick. You may have to wait between 1 - 3 days for a response from FX Next regarding your support request.

FX Next Livechat Support

FX Next offers livechat support.

FX Next live chat support is a way for customers to obtain help from FX Next through an instant messaging platform. It happens at a one-to-one level, often via the company's website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Clicking on it would then connect you to a live agent. Livechat is great if you require a reponse to your support request withing 15 minutes.

FX Next Telephone Support

FX Next offers telephone support.

FX Next telephone Support is often used for pre-sale queries, order taking, or even upselling and cross-selling, and troubleshooting. Outbound calls are calls made to customers from the FX Next call centre to give or take information.

FX Next Average Support Response times

Contact Method	Average Response Time
FX Next Live Chat	4 minutes
FX Next Email	6 hours
FX Next Phone	5 minutes

We tested the customer service response times of FX Next on Monday, November 25, 2024.

FX Next review
FX Next Educational Resources

FX Next educational resources are used throughout the FX Next learning environment to help and assist with customer's development and learning of trading on FX Next. They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using FX Next trading tools. Educational resources like some of the resources available with FX Next are a good as part of a wider set of educational guides and information from else where online.

Some of the FX Next trading guides and information that we found useful included forex trading courses, market psychology webinars, platform tutorials, daily news.

FX Next Trading Platform Tutorials

FX Next offer a range of learning resources and tutorials and guides made available to registered FX Next users. The FX Next guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate FX Next users on basic trading principles.

FX Next Trading Videos

FX Next offer a selection of online trading videos.

Trading videos on FX Next help new and even more experienced investors gain insights into FX Next technical analysis tools and how the different financial markets work when trading on FX Next.

FX Next trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs and cryptocurrencies. Some FX Next training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks when using FX Next to trade live financial markets.

FX Next Webinars

FX Next offers access to online webinars. A webinar is an interactive online event in which a speaker (or a small group of speakers) delivers a presentation to a large audience of FX Next clients who participate by asking questions, replying to polls, and using other interactive technologies available on the FX Next trading platform.

FX Next review
FX Next Financial Regulation When Trading

Financial regulations on FX Next protect consumers' investments. Regulations prevent financial fraud and limit the risks that FX Next as a financial institution can take with their investors' money. Financial regulators oversee three main financial sectors: banking, financial markets, and consumers. A well-functioning financial system is vital for the economy, businesses and consumers. FX Next financial regulation is part of ensuring the safety and soundness of the financial system and protecting consumers.

Is FX Next Regulated?

FX Next is regulated by Unregulated.

FX Next is licensed by financial regulators in certain jurisdictions. You can find out if brokers like FX Next are licensed in your country, if they have had run-ins with regulators, or received serious complaints from FX Next investors, directly with financial regulators in your country.

FX Next Regulatory Protection Limits

When registering with FX Next you must check with regulatory body your FX Next trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your FX Next account is over seen by. FX Next client funds are stored in segregated 3rd party bank account in accordance with FX Next financial regulators.

Client country	Investor protection amount	Regulator
United Kingdom	£85,000	Financial Conduct Authority (FCA)
EU Investor Compensation Scheme	max €50,000	Directive of The European Parliament and European Commission
Other countries	90% of your funds, max €20,000	Bulgarian Financial Supervision Commission (FSC)

FX Next Trading Signals

FX Next does not offer trading signals in any form.

Make sure you understand the risks of trading signals.

How does FX Next make money?

Because FX Next acts as an intermediary, FX Next gets compensated on buy and sell transactions of financial instruments. As a result, FX Next profit is determined by the volume and number of transactions. FX Next earns revenue to fund their FX Next platforms and wide range of trading services through market spreads.

Can you buy shares on FX Next?

FX Next provides customers with real company shares. Traders can choose from thousands of stock CFDs in addition to shares. You can see the complete list of stocks here. FX Next offers CFD stock trading. When trading CFD stocks you are not trading real stocks as you do not own any underlying stock assets. A CFD stock is a leveraged deal between the trader and FX Next on the speculative up or down price movement on an agreed stocks price movement.

Does FX Next offer Cryptocurrency?

FX Next does not offer cryptocurrency trading. The offering of crypto CFDs was stopped by most trading platforms on November 27, 2020, as a result of the Financial Conduct Authority of the UKs restrictions on cryptocurrency. While buying and selling Bitcoin and other cryptocurrencies is still lawful, the UK financial regulator, the Financial Conduct Authority (FCA), has made trading cryptocurrencies illegal for UK residents. This is because the FCA considers crypto CFD trading to be a high-risk activity. You'll need to see if trading crypto CFDs are allowed in your country.

FX Next Lower fees, lower costs?

FX Next have reasonable trading fees and costs. FX Next do not charge a deposit fee. FX Next may charge a withdrawal fee. Some withdrawal fees are out of the control of FX Next and may be due to 3rd party payment providers and your account base currency.

What about the minimum deposit?

FX Next minimum deposit is 100 USD / GBP / EUR.

How to start your FX Next account?

You can sign up for a live or demo FX Next trading account by visiting FX Next and signing up. Enter your details, upload proof of ID, fund your account and you should be up and trading within a few hours. Open an FX Next account here.

How's the FX Next trading app?

FX Next allow traders to trade financial markets on FX Next does not currently offer trading through any mobile applications on iOS or Android. supported mobile devices.

You can tryout the FX Next trading app here. Your capital is at risk

Is the quality of FX Next customer service satisfactory?

FX Next have average customer support offering support through email, livechat, phone, support options.

Is this broker good for new traders?

FX Next is a good trading platform for new traders as FX Next offer a good range of educational resources, good support options as well as a demo account.

How do you withdraw money from FX Next?

FX Next offer a good selection of withdrawal options. Once FX Next have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days.

Best FX Next Alternatives Reviews

If FX Next isnt quite what you are looking for you can check out some of the best FX Next alternatives below.

• IC Markets Review (read our in depth 2024 review)
• Roboforex Review (read our in depth 2024 review)
• AvaTrade Review (read our in depth 2024 review)

Best FX Next Alternatives In Detail

If you would like to see FX Next compared agains some of the best FX Next alternatives available right now you can do so by clicking on the links below.

• IC Markets Alternatives (read our in depth 2024 Alternatives for IC Markets)
• Roboforex Alternatives (read our in depth 2024 Alternatives for Roboforex)
• AvaTrade Alternatives (read our in depth 2024 Alternatives for AvaTrade)

Check out RoboForex – Professional services on Forex market