Updated May 13 2022
Overview | |
---|---|
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. |
XM is an international broker headquartered in Cyprus which offers MetaTrader 4 & 5 and over 1500 + tradable assets. |
Best For | |
|
|
Licenses | |
![]() Financial Regulation Regulated Top-tier Licenses 0 Other Licenses 1 Provided by |
![]() Financial Regulation Regulated Top-tier Licenses 2 Other Licenses 1 Provided by |
🏛 Financial Regulators | |
The Good | |
|
|
The Bad | |
|
|
Status | |
Operational | Operational |
Recent News | |
N/A | N/A |
Key Data | |
⌛ Account Opening Time | |
1 Day | 1 day |
📋 Documents Required | |
All documents must be under the account holder's name. |
All documents must be under the account holder's name. |
📍 Year Founded | |
2014 | 2009 |
💳 Minimum Deposit | |
0 | €, £, $ - 5 |
💰 Payment Methods | |
💵 Account Base Currencies | |
2 - EUR, GBP. | 11 - USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR. |
🗽 Available to U.S Citizens | |
No | No |
❌ Restricted Countries | |
US, CA, SY, IR. | US, CA. |
📊 STP Account | |
No | No |
📊 DMA Account | |
Yes | No |
📊 ECN Account | |
No | No | Assets |
📚 Available Assets | |
📙 Stocks | |
8,000+ | 1286 |
📘 Currency Pairs | |
22 | 57 |
📗 Commodities | |
5 | 15 |
📕 Indices | |
5 | 14 |
📔 ETFs | |
1,000+ | N/A |
💸 Cryptocurrencies | |
4 | N/A |
📒 Bonds | |
1 | N/A |
📓 Options | |
N/A | N/A |
📗 Futures | |
N/A | 10 |
📝 Notes: | |
Nextmarkets provides both CFDs and real stocks or ETFs. |
All of XM's assets are CFDs. | Trading Experience |
📈 Minimum Stock Trade Size | |
1 Share | Fractional Share trading - Varies per stock (Eg: 0.1/16 of ADBE shares) |
📉 Minimum ETFs Trade Size | |
1 ETF | N/A |
📈 Minimum Crypto Trade Size | |
Varies per Cryptocurrency (eg: 0.1 BTC with leverage 1:2) | N/A |
📉 Minimum FX Trade Size | |
$1,000 (0.01 Lots) | $100 (0.001 Lots) |
📈 Minimum Commodities Trade Size | |
Varies per commodity (eg: 1 contract of Gold - 1 trojan ounce) | Varies by Commodity (Eg: 0.01 Troy ounce of Gold) |
📉 Minimum Bonds Trade Size | |
N/A | N/A |
📈 Minimum Futures Trade Size | |
N/A | All of XM's futures are commodities, same rules apply. |
📉 Minimum Options Trade Size | |
N/A | N/A |
💪 Retail Leverage | |
Up to 1:30 | Up to 1:30 |
💪 Professional Leverage | |
Up to 1:100 | N/A |
✍ Customisable Leverage | |
No | Yes |
🎲 Deleveraged Trading | |
Yes | No |
🎓 Demo Account | |
Yes | Yes |
📱 IOS App | |
Yes | No |
📱 Android App | |
Yes | No |
📺 MetaTrader 4 | |
Yes | Yes |
📺 MetaTrader 5 | |
No | Yes |
💻 Web trader | |
Yes | Yes |
💻 TradingView Platform | |
No | No |
💻 Proprietary Platform | |
Yes | No |
📊 Multi-chart Tools | |
No | Yes |
👬 Copy Trading | |
Yes | Yes |
👫 Social Trading | |
Yes | No |
🔑 Guaranteed Stop-loss | |
No | No |
🔨 Trailing Stop-loss | |
No | Yes | Fees |
💰 Inactivity Fee | |
No | Yes, $15 one time payment after 1 year of inactivity and then $5 monthly. |
💰 Deposit Fees | |
No | No |
💰 Withdrawal Fees | |
No | No |
💰 Commissions | |
No | Yes on Zero accounts ($7 per lot round turn). |
Spreads |
📈 EUR/USD | |
Dynamic - From 0.6 Pips | Dynamic - From 1.7 Pips |
📉 SP500 | |
Dynamic - From 50 Pips | Dynamic - From 40 Pips |
📈 GOLD | |
Dynamic - From 40 Pips | Dynamic - From 35 Pips |
📉 TSLA (Stock CFD) | |
Dynamic - From $2 | Dynamic - From $9.4 |
📈 XLK (ETF - CFD) | |
Dynamic - From $0.1 to 0.3 | N/A |
📉 BTC | |
Dynamic - From $125 | N/A | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
No | No |
🗓 Economic Calendar | |
No | Yes |
📜 Integrated Newsfeed | |
No | No |
📡 Reuters Feed | |
No | No |