Nextmarkets Vs. Interactive Brokers - 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.

Interactive Brokers is a global brokerage founded in 1978 that holds 11+ high tier financial licenses and provides discounted electronic trading services in nearly all the globe with access to more than 100,000+ financial instruments.

• 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

• Seasoned investors looking for a one-stop shop to cover a variety of needs
• Global investors who seek the most reliable discount service available
• Traders from intermediate to advanced level

• MFSA (Malta Financial Services Authority)

• SEC (United States)
• FINRA (United States)
• FCA (United Kingdom)
• ASIC (Australia)
• IIROC (Canada)
• MNB (Hungary)
• BSE (India)
• CBI (Ireland)
• FSA (Japan)
• CSSF (Luxembourg) CSSF
• MAS (Singapore)

• 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

• High regulation
• Exceptional number of investment instruments (Above 100,000+)
• Competitive discount fees

• 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

• Complicated account opening process
• Platforms are not beginner friendly
• Narrow choice of deposit options (Mostly bank transfers)

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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

• Bank Transfer
• ACH (US only)
• Check (US only)
• Debit Card (US only)
• BPAY (Australia only)

US, CA, SY, IR.

AF, SY, SO, SD, LY, NG, BI.

One free withdrawal per month, subsequent are $10 per withdrawal or equivalent

Commissions depend on market and residency:

• US residents are eligible for zero commission US stock trading. Else, for US stocks it is $0.005/share with a minimum $1 and maximum 1% of the trade value.
• European stocks have €3 minimum and 0.05% trade value.
• Forex commissions are volume based starting at 0.20 basis points of trade value or $2 minimum per trade, and going low as 0.08 basis points and $1.
• Options start at $0.25 per contract and go as low as $0.15 per contract.
• Futures start at $0.85 per contract and go as low as $0.25 per contract