ForexVox
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61% of retail CFD accounts lose money.

Vs.

Nextmarkets
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63.10% of retail CFD accounts lose money.

ForexVox Vs. Nextmarkets - Compare and Choose the Right One

Updated Nov 21 2022

Visit

61% of retail CFD accounts lose money.

Visit

63.10% of retail CFD accounts lose money.

Overview

ForexVox is a new trading name from Valutrades, a broker operating since 2012 that offers currencies, indices and commodities under FCA and FSAS regulation.

Nextmarkets is a german broker founded in 2014 that specialises in commission free stocks and ETFs trading through their proprietary platform which offers an expert advisory service via live coaches that suggest their trading ideas.

Best For
  • Experienced traders that look for an ECN account offering with commissions
  • Currency traders
  • New investors and traders looking to explore their social and copy trading offering via live coaches
  • New investors and traders looking for a simple and friendly mobile app for commission-free investing in stocks or equities
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

1

Other Licenses

1

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

1

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • FCA (United Kingdom)
  • FSAS (Seychelles)
  • MFSA (Malta Financial Services Authority)
The Good
  • FCA Regulation and being a trading name of ValuTrades (founded in 2012)
  • Scalping is allowed
  • Ecn account offered
  • Their “trading ideas” and “live coaches” offering is quite interesting and provides a lot of value for new traders
  • Their proprietary platform is very simple and easy to use
  • Their equities offering is completely commission-free
The Bad
  • Poor asset offering (less than 100 instruments)
  • Low platform offering (only MT4 and MT5 available)
  • Client area lacks usability
  • Average spreads are high
  • Asides from stocks and ETFs, their asset offering lacks variety
  • Their web platform is completely impractical to use for professional trading
  • They don’t let you enjoy your demo trading experience in peace, there is a constant pop-up asking you to fund your account at all times
Status
Operational Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

Key Data
⌛ Account Opening Time
1 hour 1 day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

📍 Year Founded
2020 2014
💳 Minimum Deposit Range
0 0
💰 Payment Methods
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • UnionPay
  • USDT (Tether)
  • Bank Transfer
  • WebMoney
  • Yandex Money
  • Visa
  • Mastercard
  • Bank Transfer
💵 Account Base Currencies
3 - EUR, USD, GBP. 2 - EUR, GBP.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

US, CA, SY, IR.

US, CA, SY, IR.

📊 STP Account
Yes No
📊 DMA Account
No Yes
📊 ECN Account
Yes No
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs Hybrid
Total Asset Offering
104 18,037
Exchange Access
0 0
📙 Real Stocks
0 8,000
📙 Stock CFDs
0 8,000
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
74 22
📗 Commodities
0 0
📗 Commodities CFDs
3 5
📕 Indices
0 0
📕 Indices CFDs
15 5
📔 ETFs
0 1,000
📔 ETFs CFDs
0 1,000
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
5 4
📒 Bonds
0 0
📒 Bonds CFDs
0 1
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
7 0
Trading Experience
📈 Minimum Stock Trade Size
Unavailable 1 Share
📉 Minimum ETFs Trade Size
Unavailable 1 ETF
📈 Minimum Crypto Trade Size
Unavailable Varies per Cryptocurrency (eg: 0.1 BTC)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$1,000 (0.01 Lots) Varies per commodity (eg: 1 contract of Gold - 1 ounce)
📉 Minimum Bonds Trade Size
Unavailable Unavailable
📈 Minimum Futures Trade Size
$1,000 (0.01 Lots) Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
30 30
💪 Professional Leverage
500 100
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
No Yes
🎓 Demo Account
Yes Yes
📱 IOS App
No Yes
📱 Android App
No Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes No
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
No Yes
📊 Multi-chart Tools
Yes No
👬 Copy Trading
No Yes
👫 Social Trading
Yes Yes
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes No
Fees
💰 Inactivity Fee
None None
💰 Deposit Fees
None None
💰 Withdrawal Fees
None None
💰 Commissions
  • No commissions on their standard account
  • A $7 per lot round turn commission on their ECN account
None
Spreads
📈 EUR/USD
Dynamic - From 1 Pip Dynamic - From 0.6 Pips
📉 SP500
Dynamic - From 135 Pips Dynamic - From 50 Pips
📈 GOLD
Dynamic - From 16 Pips Dynamic - From 40 Pips
📉 TSLA (Stock CFD)
Unavailable Dynamic - From $2
📈 XLK (ETF - CFD)
Unavailable Dynamic - From $0.1 to 0.3
📉 BTC
Unavailable Dynamic - From $125
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
No No
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
No No
📡 Educational Content
Yes Yes
📡 Live Chat Support
Yes Yes
📡 Video Tutorials
Yes Yes
📡 Account Management
No No
📡 Webinars
No Yes