Next Markets vs. OandA Comparison

This comparison guide assists customers who battle to select in between Next Markets and OandA to discover the best online broker for their trading and investment needs. It assesses the main features of the two brokers alongside to assist individuals compare their solution and make an educated choice.

To help customers choose the appropriate broker in between Next Markets and OandA to locate the best-suited system, below is a checklist of broker’s advantages and disadvantages, complied with by a comparison of their main trading functions, consisting of trading systems & tools, charges, mobile trading, deposit & withdrawal, properties, regulation, and client assistance.

Next Markets vs. OandA: Summary

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).

Oanda logo

OandA is a reputable forex and CFD forex broker founded in 1996. It is regulated by seven tier-one regulators and therefore considered safe. Their users have access to 124 tradable instruments including 71 forex pairs and a handful of CFDs on cryptos. Traders can choose between a proprietary platform (web and desktop version), MT4 and MT5. Their trading platform has an intuitive design, offers automated trade execution and multiple features for algorithmic and social trading. Market research features are powered by TradingView.

OandA’s trading fees are above average compared to similar forex and CFD brokers like AvaTrade and Pepperstone. They charge an average spread of 1.26 pips EUR/USD on their standard account.

OandA’s customer service is available during office hours by email, live chat (chatbot) and phone.

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

Pros

  • Low minimum deposit ($0)
  • Competitive average spread from 1.2 pips (EUR/USD)
  • MT4, MT5 and TradingView integration
  • Broad range of research and analysis tools
  • Feature rich mobile app

Cons

  • Limited assets
  • Only CFD and forex trading available
  • Customer support is only available during office hours
  • Inactivity fees

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

Key features

  • Access to 124 tradable symbols including 71 forex pairs
  • Low minimum deposit ($0)
  • Real-time currency conversion
  • MetaTrader 4 and 5 integration
  • Free VPS server
  • Trading fee and wire transfer discounts for professional traders

Next Markets vs. OandA Comparison

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Compare brokers
Next Markets logo

Next Markets

Open account Read review

56.65% of retail CFD accounts lose money

Oanda logo

Oanda

Open account Read review

74-89% of retail CFD accounts lose money

BROKER COMPARISON

Next Markets logo
Oanda logo

Overall rating

3,5/5

3,8/5

Overall rating

3,5/5

3,8/5

Trading Platform & Tools

2.4

3.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 100:1 1:50
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.3

3.1

See details
Withdrawal Fee 0 $20 + Fee
Deposit Fee 0 0
Inactivity Fee 0 $10 a month after 12 months
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0 1.3
Stocks & ETF 0 0
CFD (Gold) 0 31
Crypto 0 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

3.8

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.8

3.8

See details
Minimum deposit (in UAE) $0.00 0
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.5

1.8

See details
Shares 7000 0
ETF & Funds 1000 0
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex 0 70
CFD Indices & Funds 1000 12
CFD Stocks 7000 0
CFD Commodities 0 35
CFD Crypto 0 0
CFD Bonds 0 3
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

1.8

3.6

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

Customer Support

4.5

4.5

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

Winner

Next Markets vs. OandA Comparison Conclusion

The results of our comparison of Next Markets vs. OandA are involved the table below.

Broker:Best For:
Next MarketsStocks and ETF trading and investing
OandAForex and CFDs

Picking the appropriate choice in between Next Markets and OandA can be challenging. Both on the internet brokers have similarities yet vary pertaining to trading instruments, platforms & applications, regulation, deposit & withdrawals, and study and education. Selecting the very best broker depends on customers’ trading & investment objectives, 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.

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