This comparison guide helps individuals that struggle to pick in between Finq.com and Next Markets to locate the very best online broker for their trading and financial investment demands. It examines the highlights of both brokers side by side to help individuals compare their service and make an informed choice.
To aid customers choose the appropriate broker in between Finq.com and Next Markets to locate the best-suited platform, below is a list of broker’s advantages and disadvantages, adhered to by a contrast of their major trading functions, consisting of trading systems & devices, costs, mobile trading, deposit & withdrawal, assets, policy, and client support.
Finq.com vs. Next Markets: Summary
Finq.com is a CFD broker based in Israel. Although the broker is regulated by the FSA, it is not considered safe. Users can access 2,100 financial instruments, including CFDs on stocks, commodities, forex, ETFs, indices, cryptocurrencies, and bonds. Trading platforms are available as a web version and MT4 integration.
Finq.com trading fees are average compared to similar CFD brokers from the industry. They charge an average floating spread of 0,14 pips on EUR/USD and no commission on CFD trades. There are no additional trading or non-trading fees, such as inactivity, currency conversion, or deposit and withdrawal transaction fees.
Finq.com’s customer support is available by email (support@finq.com), live chat, and WhatsApp in Arabic and English.
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
- Low minimum deposit ($100)
- Competitive spread from 0.14 pips (EUR/USD)
- No hidden fees
- Up to $4,000 welcome bonus for new traders
- $10,000 free demo account
Cons
- Limited regulation
- High minimum deposit of $100
- Lacks educational material and research resources
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
- Competitive trading fees
- Compatibility with MT4 and TradingCentral
- Access to over 2,100 financial instruments
- Free demo account availability
- Fast registration and KYC on-boarding process
- 24/5 support in English and Arabic
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
Finq.com vs. Next Markets Comparison
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Finq.com
Next Markets
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 300:1 | 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
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | $50 if no trades after 3 months | 0 |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 0.8 | 0 |
| Stocks & ETF | 0 | 0 |
| CFD (Gold) | 0.3 | 0 |
| Crypto | 0 | 0 |
| Options | 0 | 0 |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $100.00 | $0.00 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| 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 | 55 | 0 |
| CFD Indices & Funds | 50 | 1000 |
| CFD Stocks | 2000 | 7000 |
| CFD Commodities | 19 | 0 |
| CFD Crypto | 4 | 0 |
| CFD Bonds | 5 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Finq.com vs. Next Markets Comparison Conclusion
The results of our comparison of Finq.com vs. Next Markets are involved the table listed below.
| Broker: | Best For: |
| Finq.com | CFD Trading With Welcome Bonuses |
| Next Markets | Stocks and ETF trading and investing |
Choosing the ideal selection in between Finq.com and Next Markets can be difficult. Both on-line brokers have resemblances but vary concerning trading instruments, platforms & apps, law, deposit & withdrawals, and research and education and learning. Picking the most effective broker relies on users’ trading & investment goals, individual preferences, and experience level.
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.