Nextmarkets Vs. Freedom Finance - Compare Trustworthiness, Capabilities, Fees and Legitimacy

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.

Freedom Finance is an equities broker founded in 2008 belonging to the parent group Freedom Holding Corp (a publicly traded company on NASDAQ exchange). Their specialty is providing access to more than 1 million stocks, ETFs, bonds, futures and options worldwide along with IPOs.

• 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

• Real equities traders looking to day-trade stocks, options, futures and ETFs
• Long term investors looking to build a stocks or ETFs portfolio
• Experienced investors that know which assets they are looking for

• MFSA (Malta Financial Services Authority)

• CySec (Cyprus)
• BaFin (Germany)
• SEC (United States)

• 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

• Over 1,500,000+ assets from several exchanges worldwide
• All assets are real equities (they do not provide CFDs)
• InvestIdeas section with great analysis on several high potential stocks
• 3% per year in their savings D-account (Daily interest accrual)

• 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

• The use of SMS codes for authentication of basic operations can be an issue for frequent international travellers
• Freedom Finance does not offers currencies, cryptocurrencies or spot commodities
• No stock screener or tools to research and analyse stocks efficiently

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• 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.

• Visa
• Mastercard
• Bank Transfer

• Visa
• Mastercard
• Bank Transfers

US, CA, SY, IR.

SY, IR. 

Yes, 7€ for bank transfers.

Yes, up to 2.5% for credit / debit cards.

Yes and the vary per account:

In their all inclusive USD account they charge,

• 0.5% + $0.012 per share with a minimum  of $1.2 per trade
• $0.65 per USA stock options contract
• 12% for margin lending

In their Smart in EUR account they charge,

• 0.02€ per share with a minimum of 2€ per trade
• $0.65 per USA stock options contract
• 12% for margin lending
• €0.05 for each SMS notification

In their Fix in EUR account, they charge,

• 10€ Monthly account fee
• 0.012€ per share with a minimum of 1.2€ per trade
• $0.65 per USA stock options contract
• 12% for margin lending
• €0.03 for each SMS notification