Global Broker Regulation Inquiry App
WikiFX
Unverified
Score
0
1
2
3
4
5
6
7
8
9
.
0
1
2
3
4
5
6
7
8
9
0
1
2
3
4
5
6
7
8
9
/10
NextTrade
South Africa
|
1-2 years
|
Suspicious Regulatory License
|
Suspicious Scope of Business
|
Suspicious Overrun
|
High potential risk
https://nexttrade.com
Website
Rating Index
Influence
Influence
C
Influence index NO.1
United States 2.88Surpassed 12.60% brokers
Biz Area
Search Statistics
Advertising
Social Media Index
Contact
+27 31 100 1703
support@nexttrade.com
https://nexttrade.com
Office 029, 1st floor 101 Isaiah Ntshngase RD, Stamford Hill, Durban Kwa-Zulu Natal 4001.
Licenses
Licensed Entity：Riza Financial (Pty) Ltd
License No. 52855
Warning: Low score, please stay away!
2025-10-30
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
3
Basic Information
Registered Region South Africa
South AfricaOperating Period
1-2 years
Company Name
Riza Financial (Pty) Ltd
Customer Service Email Address
support@nexttrade.com
Contact Number
+27311001703
Company Website
Biz Area
Website
Company Summary
Wiki Q&A
Comment
Users who viewed NextTrade also viewed..
FBS
8.79
Score
ECN Account 5-10 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
FBS
Score
8.79
ECN Account 5-10 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website
Vantage
8.76
Score
ECN Account 10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Vantage
Score
8.76
ECN Account 10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website
HANTEC MARKETS
8.57
Score
ECN Account 15-20 yearsRegulated in United KingdomMarket Maker (MM)MT4 Full License
HANTEC MARKETS
Score
8.57
ECN Account 15-20 yearsRegulated in United KingdomMarket Maker (MM)MT4 Full License
Official website
PU Prime
8.44
Score
ECN Account 5-10 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
PU Prime
Score
8.44
ECN Account 5-10 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website
Website
nexttrade.com
172.67.222.33
Server Location
United StatesICP registration
--
Most visited countries/areas
--
Domain Effective Date
--
Website
--
Company
--
Company Summary
| NextTrade Review Summary | |
| Founded | 1999 |
| Registered Country/Region | South Africa |
| Regulation | Exceeded |
| Market Instruments | Forex, Commodities, CFDs, Indices |
| Demo Account | Not Mentioned |
| Leverage | Up to 1:500 |
| Spread | Starting from 0.4 pips |
| Trading Platform | TradeLocker |
| Min Deposit | $10 |
| Customer Support | +27 31 100 1703 |
| support@nexttrade.com | |
NextTrade Information
NextTrade is an online trading platform that offers trading in forex, commodities, CFDs, and indices, with access to over 150 assets. Leverage varies by instrument, reaching up to 1:500 for Forex. Trading is conducted on the TradeLocker platform, with spreads starting from 0.4 pips and a fixed commission of $7 per standard lot. The company requires a minimum deposit of $10.
Pros and Cons
| Pros | Cons |
|
|
|
|
|
Is NextTrade Legit?
NextTrade once had a Financial Service Corporate license regulated by the Financial Sector Conduct Authority (FSCA)in South Africa with a license number of 52855. However, this license now has an exceeded status.
| Regulatory Status | Exceeded |
| Regulated by | South Africa |
| Licensed Institution | The Financial Sector Conduct Authority (FSCA) |
| Licensed Type | Financial Service Corporate |
| Licensed Number | 52855 |
What Can I Trade on NextTrade?
NextTrade allows trading across diverse asset classes, including CFDs on stock indices, various commodities like gold and silver, and a wide selection of FX pairs such as EUR/USD and USD/JPY. They offer over 150 assets across 5+ asset classes.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| CFDs | ✔ |
| Indices | ✔ |
| Bonds | ❌ |
| Shares | ❌ |
| Futures | ❌ |
Account Type
NextTrade offers a standard ECN account for all traders, which involves a fixed commission of $7 per standard lot traded.
Leverage
NextTrade's leverage options will vary depending on the pair/instrument chosen.
| Asset Class | Leverage | Additional Notes |
| Stocks | 1:20 | - |
| Cryptos | 1:100 | Excluding SHBUSD100 which is 1:30. For accounts with equity over 500K, leverage is 1:50. |
| Metals | 1:200 | For accounts with equity over 500K, leverage is 1:50. |
| Indices or Energies | 1:200 | For accounts with equity over 500K, leverage is 1:50. |
| Forex | 1:500 | For accounts with equity over 500K, leverage is 1:200. |
NextTrade Fees
NextTrade offers spreads starting from 0.4 pips and charges a fixed commission fee of $7 per standard lot traded.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| TradeLocker | ✔ | PC and Mobile | Investors of all experience levels |
Deposit and Withdrawal
NextTrade requires a minimum deposit of $10.
Deposit Options:
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Bitcoin (BTC) | $10 | N/A | 1-3 Hours (to reach Blockchain Network) + 3-6 Hours (Blockchain Confirmation for applicable crypto deposits) |
| Ethereum (ETH) | $10 | N/A | |
| Litecoin (LTC) | $10 | N/A | |
| Ripple (XRP) | $10 | N/A | |
| Dogecoin (DOGE) | $10 | N/A | |
| Tether (USDT) (TRC-20) | $10 | N/A | |
| USD Coin (USDC) (BEP-20/TRC-20) | $10 | N/A | |
| Credit Card or Bank Transfer | $10 | N/A |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Maximum | Fees | Processing Time |
| Bank Transfer | $10 | No Limit | N/A | 3-5 business days |
| Bitcoin | $100 | No Limit | N/A | Depends on network traffic |
| USDT | $50 | No Limit | N/A | Depends on network traffic |
Keywords
- 1-2 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Suspicious Overrun
- High potential risk
Wiki Q&A
Solotim 
1-2 years
What trading instruments are available on NextTrade?
NextTrade offers over 150 assets, including FX, Indices, Metals, Commodities, Cryptos, and Shares.
Broker Issues
Leverage
Instruments
Platform
Account
07-23
United States
Wahab
1-2 years
What withdrawal methods does NextTrade support?
NextTrade supports bank transfer, Bitcoin, and USDT to withdrawal.
Broker Issues
Deposit
Withdrawal
07-18
United States
S jonas
1-2 years
Hello, do you have any deposit info about NextTrade?
The minimum deposit is $10. NextTrade currently offers payment methods specifically for South African residents, which can only be purchased in ZAR currency.
Broker Issues
Withdrawal
Deposit
07-11
United States
RichN
1-2 years
What Demo Account Does NextTrade Offer?
The NextTrade website does not display information about demo accounts, and traders can choose to open a trading account.
Broker Issues
Platform
Leverage
Account
Instruments
07-01
United States
View More
Write a review
Exposure
Neutral
Positive
Content you want to comment
Please enter...
Submit now
Write a comment
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now