Alvexo vs. Next Markets Comparison

This contrast overview aids users that battle to choose in between Alvexo and Next Markets to discover the best online broker for their trading and investment demands. It assesses the highlights of the two brokers alongside to assist users compare their service and make an informed choice.

To aid users select the ideal broker between Alvexo and Next Markets to find the best-suited platform, listed below is a listing of broker’s benefits and drawbacks, followed by a contrast of their main trading features, including trading platforms & tools, costs, mobile trading, deposit & withdrawal, properties, regulation, and consumer support.

Alvexo vs. Next Markets: Summary

alvexo-logo

Alvexo is a forex and CFD broker based in the Seychelles. It is licensed by the ​​CySEC and is considered safe. Alvexo offers users access to 58 forex pairs and over 450 CFDs on shares, commodities, indices, and cryptocurrencies. Users can choose between three different platforms: a web based proprietary platforms and app and MT4 integration.

Alvexo trading fees are industry average compared to similar forex and CFD brokers like AvaTrade and Pepperstone. They charge an average spread of 0,14 pips on EUR/USD and no commission on CFD trades. The broker charges an inactivity fees of $10 per month after 3 months of inactivity.

Alvexo’s customer support is available through email (support@alvexo.com), phone (+24825030482), and live chat in Arabic and English.

Next Markets logo

Next Markets is a multi-asset CFD broker based in Germany. It is regulated by the MFSA and is considered safe. The broker allows users to trade over 7,000 stocks, 1,000 ETFs, and CFDs on cryptos, forex, commodities, and bonds.

Next Market’s fees are below average compared to similar brokers in the industry. They charge 0% commission on stock and ETFs and low fees on CFDs. Forex spreads start from 0.6 pips (EUR/USD). The broker does not charge any withdrawal on inactivity fees.

Next Market’s customer service is available from Monday to Friday from 09:00 to 18:00 by email and phone (+49 221 98259 007).

Pros

  • Access to over 58 forex pairs and 450 CFDs
  • Competitive spreads from 0.1 pips EUR/USD (Elite account)
  • Intuitively designed mobile trading app and desktop trading platforms
  • MetaTrader 4 integration

Cons

  • High minimum deposit ($500)
  • Trading signals aren’t as accurate as other signal providers
  • MetaTrader 5 and Expert Advisors not supported

Pros

  • Low minimum deposit ($0)
  • 0% commission stocks and ETFs
  • Low spreads from 0.6 pips (EUR/USD)
  • Free trading signals
  • No hidden commissions or non-trading fees

Cons

  • Algorithmic trading is not available
  • Limited advanced trading tools and features
  • No demo or Islamic swap-free accounts are available

Key features

  • Access to 450 tradable symbols
  • MT4 Compatibility
  • Access to trading signals, trading strategies, and daily market analysis
  • Cryptocurrency trading
  • CySEC and FSA-regulated
  • Competitive spreads from 0.1 pips EUR/USD (Elite account)

Key features

  • Access to 8,000 financial instruments
  • Broad range of deposit & withdrawal methods
  • User friendly mobile app
  • Competitive trading fees, spreads, and commissions
  • Beginner friendly trading tools and features
  • User friendly mobile app

Alvexo vs. Next Markets Comparison

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Next Markets logo

Next Markets

Open account Read review

56.65% of retail CFD accounts lose money

BROKER COMPARISON

alvexo-logo
Next Markets logo

Overall rating

3,1/5

3,5/5

Overall rating

3,1/5

3,5/5

Trading Platform & Tools

3.0

2.4

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 400:1 100:1
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

2.5

4.3

See details
Withdrawal Fee 0 0
Deposit Fee 0 0
Inactivity Fee 10 EUR after 3 months 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 1.8 0
Stocks & ETF 0 0
CFD (Gold) 5.5 0
Crypto 0 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

3.0

3.8

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

2.1

3.8

See details
Minimum deposit (in UAE) $500.00 $0.00
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.9

2.5

See details
Shares 0 7000
ETF & Funds 0 1000
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex Instruments 58 0
CFD Indices & Funds 15 1000
CFD Stocks 350 7000
CFD Commodities 12 0
CFD Crypto 24 0
CFD Bonds 2 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

3.0

5

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.0

1.8

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.0

4.5

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Alvexo vs. Next Markets Comparison Conclusion

The results of our contrast of Alvexo vs. Next Markets are wrapped up in the table listed below.

Broker:Best For:
AlvexoForex and CFD trading
Next MarketsStocks and ETF trading and investing

Choosing the best choice in between Alvexo and Next Markets can be difficult. Both on-line brokers have resemblances but differ regarding trading tools, platforms & applications, policy, deposit & withdrawals, and study and education and learning. Selecting the very best broker depends on customers’ trading & investment goals, private choices, and experience degree.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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