NextTrade: Standard, Raw and VIP accounts, costs, PAMM and legal terms

Applicants must meet adulthood and local eligibility rules. US residents/citizens are excluded. Identification, recent address evidence and, where requested, source-of-funds documents are required; suitability checks can restrict services.[13]

The FAQ specifies USD-only accounts, demo access and same-name internal transfers.[16]

View full spreads & trading costs

Index contracts provide price exposure without ownership of their constituent shares. Crypto trading is also described as CFDs; a crypto CFD position is distinct from sending a coin to fund the account. The broker places detailed crypto symbols, spreads and specifications inside the trading platform.[8][9]

The pricing page shows, for example, EUR/USD at 13 points on Standard versus 2 points before commission on Raw and VIP. For the five-digit FX notation used there, these are 1.3 and 0.2 pips respectively. The smaller spread alone does not establish the lower total cost: commission, trade size and financing also enter the comparison.[4]

The FAQ sets rollover at 21:59 UK time; triple accrual falls Wednesday for FX/metals or Friday otherwise. Swap-free accounts can incur handling fees after an unspecified grace period; rates are in the platform.[16]

The execution policy uses STP/no-dealing-desk descriptions while identifying the company as the sole venue and counterparty for clients. It describes market execution using fill-or-kill and warns that prices can change before execution. These are the broker’s execution arrangements, not independently measured latency or proof that a customer’s CFD is traded on an exchange.[15]

The terms allow correction or cancellation for pricing errors, system faults or abusive arbitrage. Hedging, scalping and EAs do not waive those restrictions. Pending orders remain exposed to gaps and liquidity; requested prices are not guaranteed.[13]

Portal withdrawals normally return to the funding source; excess profits may go to an own-name bank account. The terms target one business day for processing, subject to verification; bank or provider receipt takes additional time.[13]

Crypto funding requires the correct asset, chain and deposit address. The guide places responsibility on the sender to select the matching network; confirmation times and additional verification can delay credit. It does not establish a fixed crypto-to-USD conversion spread, so network charges and currency-conversion costs should not be treated as the same fee.[17]

NextTrade identifies its current contracting company as NextTrade Ltd, Mauritius registration 223260. Its website presents an FSC investment-dealer claim, but an independently readable company match was not retrieved from the public register in this review. This is a verification limitation, not a finding that the firm is unlicensed.[2]

MT5-password recovery uses the client area; portal recovery uses the login reset. Terms permit restrictions for suspected unauthorised access. A post-recovery withdrawal-lock duration was not established.[13][16]

The FAQ separates 24/7 AI chat from staffed support and directs platform problems to assistance channels. It does not establish AI order-taking authority or a complete emergency dealing and fill-confirmation procedure.[16]

The PAMM terms allow an investor to cancel participation and request funds, but a request is not immediate separation from trading risk. Withdrawal processing is subject to manager confirmation and a suitable rollover. If withdrawal leaves inadequate margin, open positions can be reduced automatically. Whole-account liquidation instead closes positions and cancels pending orders, with fees settled under the Offer.[22]

PAMM rollovers virtually close and reopen positions at the same price to allocate results and process instructions. Cross-currency contributions or withdrawals use the company’s internal exchange rate. The terms allow removal of a public strategy after six months without trading and possible account closure after more than 90 days without activity; these are different from ordinary-account dormancy charging.[22]

The promotion agreement distinguishes non-withdrawable bonus credit from converted cash balance. Credit conversion follows qualifying closed trades and the campaign’s rate. Withdrawals proportionately remove remaining credit; withdrawal of the whole cash balance cancels it. Unconverted credit normally expires after 180 days unless a schedule overrides that period.[23]

A banner still displays an offer ending 13 October 2026, before this review date, so that headline is not treated as an open campaign. Separately, the Loyalty Hub describes NXT Points for tiers and NXT Coins for a reward store. The publicly illustrated balances are examples, not customer balances or proof that coins can be withdrawn as cash.[24]

TradeLocker Studio and MT5 EAs supply user-configured automation. Neither platform description establishes unrestricted broker API credentials or permission for an AI assistant to manage money. Export formats, tax-specific statements and post-closure access were not specified in the reviewed public platform descriptions.[11][12]

The legacy South African wording and current Mauritius agreement describe different legal routes. No customer-transfer notice was established. Existing customers need the entity on their own accepted contract; the same web brand does not, by itself, demonstrate identical protections across past and current accounts.[25]

Headquarters

Trianon, Mauritius — registered office

Founded

Company reports establishment in June 2025