NextLevel Trade

Netherlands

There is currently a difference in the amount of money available in my account and the amount available to withdraw. So money missing. I've been waiting for weeks for this to be investigated, and still nothing.👳

Exposure

2024-07-19

Ertan B.

Turkey

They are always related to their customers, counsellors ara so kind, helpful and smart such as Asli Ertas..They make feel yourself as a member of this family and besides this family really want to give you the key of financial freedom and absolutely are trustable.. Thank you very much for everything ..

Positive

2024-08-21

FX9423227362

Turkey

Reliable institution. Consultants are very helpful

Positive

2024-08-21

Jose Antonio Ramirez

Philippines

Order execution on NextLevel Trade is consistent, if a bit slow at times. Their customer service is average. Sometimes they're helpful, other times not so much. The platform is usable, but it's starting to show its age.

Positive

2024-05-29

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nextlevelfxtrade.com
31.22.4.109
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United Kingdom
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Company Profile

Review summary

NextLevel Trade	Basic Information
Company Name	NextLevel Trade
Headquarters	Comoros
Regulations	Offshore regulated by MISA
Tradable Assets	Forex, metals, commodities, cryptocurrencies, shares and indices
Time to open account	Instant
Trading Platforms	Mobile platforms and MT5 platform
Customer Support	info@nextlevelfxtrade.com(+382) 69 431752

Overview of NextLevel Trade

NextLevel Trade is a broker situated in Comoros, which registered in Bonovo Road – Fomboni Island of Mohéli – Comoros Union. It is an online trading platform offering various financial instruments to traders. With a range of account types, traders can access the forex, metals, commodities, cryptocurrencies, shares and indices through the MT5 platform and Mobile platforms.

Is NextLevel Trade Legit?

NextLevel Trade is offshore regulated by the MISA with the license number of BFX2024048.

Pros and Cons

Pros	Cons
Various classes of trading instruments	Lack of educational resources
Utilizes the popular mobile platform	Limited customer support options, primarily through email and calls
Provides flexibility with variable spreads

Trading Instruments

NextLevel Trade offers 6 classes of trading instruments, including forex, metals, commodities, cryptocurrencies, shares and indices.

How to open an account with NextLevel Trade?

Set up a profile, open a genuine account or utilize a test account to try it out.

Acquire a trading platform. The platform work with computers, mobile phones, and web-enabled devices.
Begin trading. Send a moderate sum of money to your account, and use it to experiment with the foreign exchange market.

Spreads and Commissions

Shares: Its spreads beginning at just 0.1 pips, ensuring cost-effective trading. It offers ultra-fast execution, minimizing delays and slippage for optimal transaction efficiency. Traders benefit from in-depth market insights, providing a comprehensive understanding of market movements and trends. With negative balance protection, clients are safeguarded against losing more than their account balance, offering a secure trading experience. Additionally, the trading environment is transparent.

Indices: It is designed to provide traders with a competitive edge, featuring spreads that start from as low as 1.3 pips. It prides itself on ultra-fast execution, ensuring that trades are processed swiftly to capitalize on market movements. This account operates without a dealing desk, offering direct market access and eliminating any potential conflict of interest.

Commodities: It offers an advantageous trading setup with spreads commencing from a low threshold of 1.3 pips. This account type is distinguished by its ultra-fast execution, ensuring that orders are processed expeditiously, allowing traders to take full advantage of the ever-changing commodities market. Furthermore, traders are afforded a layer of financial security through negative balance protection, which guarantees that they cannot lose more money than their initial deposit, thus preventing debt to the broker.

Cryptocurrencies: The Commodities Account stands out with ultra-narrow spreads beginning at 0.1 pips, enabling cost-efficient trading. It promises ultra-fast execution, ensuring timely and accurate order placements. Traders benefit from comprehensive market insights, equipping them with essential analysis for strategic trading. The account is fortified with negative balance protection, safeguarding traders from debt by preventing losses that exceed their account funds.

Forex: It offers traders competitive spreads starting at 1.3 pips, coupled with ultra-fast execution, enabling swift and efficient market entry and exit. This no dealing desk account ensures direct market engagement, promoting fair and equitable trading. It features negative balance protection, which prevents traders from owing more than their initial investment, thus securing their financial safety.

Metals: It offers an exceptional trading experience with spreads as low as 0.1 pips, facilitating cost-effective trading strategies. It boasts ultra-fast execution speeds, ensuring that traders can act quickly on market opportunities. In-depth market insights are provided, giving traders a comprehensive understanding of commodity trends and patterns. The inclusion of negative balance protection means traders are shielded from incurring losses beyond their account balance, thus mitigating financial risk.

Trading Platforms

NextLevel Trade exclusively utilizes the mobile platforms and MT5 platform. The application of mobile is compatible with both iOS and Android smartphones. Harness the power of the mobile app to gather data, conduct detailed analyses, and execute FX transactions no matter where you are.

Customer Support

NextLevel Trade can be contacted at info@nextlevelfxtrade.com, (+382) 69 431752 for any inquiries or assistance.

Conclusion

In conclusion, NextLevel Trade presents traders with a variety of trading instruments and account types, along with the widely used the mobile platforms and MT5 platform, facilitating flexible and accessible trading opportunities. However, the lack of educational resources and unclear company policies may present challenges for traders seeking comprehensive guidance.

FAQs

Where is NextLevel Trade registered?

NextLevel Trade is registered in Comoros, specifically on Bonovo Road – Fomboni Island of Mohéli – Comoros Union.

What trading platforms does NextLevel Trade offer?

NextLevel Trade offers the MetaTrader 5 (MT5) platform along with mobile platforms for both iOS and Android devices, providing a versatile trading experience.

Does NextLevel Trade have any regulatory licenses?

NextLevel Trade operates without any regulatory licenses, indicating it functions without oversight from recognized financial regulatory authorities.

What types of assets can I trade with NextLevel Trade?

You can trade a diverse range of assets including forex, metals, commodities, cryptocurrencies, shares, and indices with NextLevel Trade.

How can I get in touch with NextLevel Trade's customer support?

You can contact NextLevel Trade's customer support via email at info@nextlevelfxtrade.com or by phone at (+382) 69 431752.

Risk Warning

All investments entail risks and may result in both profits and losses. In particular, trading leveraged derivative products such as Foreign Exchange (Forex) and Contracts for Difference (CFDs) carries a high level of risk to your capital. All these derivative products, many of which are leveraged, may not be appropriate for all investors.

Company Profile

2-5 years
Questionable Regulatory License
Suspicious Operational Region
High Potential Risk

Wiki Q&A

Can NextLevel Trade be considered a credible broker?

NextLevel Trade exhibits a high-risk profile, primarily due to its lack of credible financial regulation. Its operations are not overseen by any major financial authority, which means it operates outside the established investor protection frameworks common in regulated markets.

What is the current regulatory status of NextLevel Trade?

NextLevel Trade Ltd is not authorized by any recognized financial regulatory authority and currently operates without mainstream forex trading licenses. According to WikiFX data, it holds a regulatory index score of 0.0, reflecting an absence of verified regulatory oversight.

Where is NextLevel Trade registered?

The entity NextLevel Trade Ltd is registered in Comoros and has been in operation for an estimated 2-5 years. Specific account terms, including minimum deposits and leverage, are not publicly disclosed by the broker.

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

What are the most common and reputable forex regulatory authorities?

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.