NextTrade Overview

The Company’s name is Riza Financial (Pty) Ltd. Company is registered in South Africa with the number 2021/010163/07. 

The Address is 8 Bond Street, Mount Moreland, Kwazulu Natal 339. The Company operates under the name “Next Trade” and it has the license to operate as a Financial Intermediary with FSP Number 52855.

Pros:

• Launch Date: The brand is aiming to launch this November, which means it will be available for use soon.
• Licenses and jurisdiction: The company operates within legal boundaries and regulatory standards.
• Payment Options: The company accepts ALT cryptocurrencies for deposits and withdrawals, providing flexibility. They are also planning to accept fiat currency via wire transfer and credit cards.
• Customer Support: The company offers 24/7 customer support.
• Trading Instruments Number: With over 1000 trading instruments including forex, crypto, stocks, shares, commodities, and indices, traders have a wide range of options to choose from.
• Max Leverage: The company offers leverage of up to 1:500, which can potentially amplify profits for traders.

Cons:

• Market Analysis Reports and Trade Signals: Lack of market analysis reports and trade signals may make it harder to make informed trading decisions.
• Community Features: At the moment, the company does not offer any community features.
• Bonus Schemes: NextTrade offers 100% deposit bonus.

Fees & Commissions

$10 Fee for traders that are  inactive for 6 months. 

NextTrade Trading Platform: Meta Trader (MT4 and MT5)

MetaTrader is a trading platform that revolutionized the forex market in 2005. While it remains the go-to choice for forex trading.

What can you do with the MetaTrader platform:

1. Trading and analytical tools: Customizable charts, technical indicators, and drawing tools can help you make well-informed trading decisions.
2. Algorithmic trading: Automated trading with Meta Trader’s built-in programming language helps you with  trading strategies, indicators, and systems.
3. Mobile trading: Using Android and iOS you can access your accounts and make trades on the go.
4. Integrated news: You can make informed decisions that could impact your positions.

NextTrade Trading Tools

Trading tools, such as charting platforms are essential for traders to analyze market data, identify trading opportunities, and make informed decisions.

Customer Support 24/7

24/7 support at NextTrade is a cool feature that helps any trader. With support available around the clock, you can seek assistance and resolve any issues at any time, regardless of location or time zone.

Payment Options 

Deposit at NextTrade 

Alt Coins: BTC, LTC, ETH, USDT, DOGE, XRP. The Company plans to accept fiat currency via wire transfer and credit cards.

Withdrawals at NextTrade 

Alt Coins: Bitcoin, USDT. 

Security

The security of a trading broker website directly impacts the safety and protection of trading accounts, personal information, and financial transactions. Here are some key aspects NextTrade covers regarding website security: 

Secure Website Infrastructure

This includes encryption protocols, firewalls, and secure socket layer (SSL) certificates. This way, all sensitive information is encrypted and protected.

Regulatory Compliance

NextTrade adheres to industry regulations and standards. Compliance with regulatory bodies ensures that they maintain a certain level of business security and transparency.

Leverage 1:500

The broker offers leverage up to 1:500, which means that traders can make huge profits even with a minimum deposit.

How to Login and Register

Register

Look for a “Sign-up” button on the website’s homepage.

• Click on the Sign-Up/Registration Button
• Fill in the Details: Fill in the required details in the registration form. Write down your name, email address, password, and other required information.
• Confirm Email: After submitting the registration form, check your email inbox for a confirmation message from NextTrade. Follow the instructions to verify email address.

Login 

Once you have confirmed your email address, return to the website and locate the login button. 

• Click on it 
• Enter your registered email address and password to access your newly created account.

NextTrade KYC Process

• Proof of Identity (POI):
• Valid Passport, 
• ID or driver’s license

Proof of Residence (POR)

• Utility Bill (e.g., electricity, water, gas)
• Bank Statement
• Rental Agreement
• Government Issued Residence Certificate

Account Types

NextTrade offers 3 account types for traders: 

• TradeLocker Next Account
• TradeLocker Islamic Account
• TradeLocker Demo Account

Verdict

With a low minimum deposit, a diverse range of trading instruments, commission-free trading, and access to the popular Meta Trader platform, trading on NextTrade seems exciting.

It’s important to note that NextTrade offers 100% deposit bonus. 

Consider factors such as fees, regulations, customer support, and user reviews before making your decision.

FAQ

When is the launch date for Next Trade?

They are aiming to launch the brand this November.

What is the minimum spread offered by Next Trade?

We will provide the minimum spread information soon.

What payment options are available for deposits and withdrawals on Next Trade?

For deposits, you can use Alt Coins such as BTC, LTC, ETH, USDT, DOGE, and XRP. For withdrawals, Bitcoin and USDT are currently supported. Additionally, the company is looking to accept fiat currency via wire transfer and credit cards.

Does Next Trade have any community features?

Being a new broker on the market, Next Trade doesn’t have community features at the moment.

What are the customer support hours on Next Trade?

Next Trade offers 24/7 customer support.

What is the minimum deposit required on Next Trade?

The minimum deposit required on Next Trade is Є10.

What type of broker is Next Trade?

Next Trade is a Financial Services Provider (FSP) that furnishes advice and/or renders an intermediary service. 

What is the KYC process for Next Trade?

Next Trade requires Proof of Identity (PoI) and Proof of Residence (PoR).