Tradenext

Editorial Rating:
3.31
Accept US Traders:
No

Tradenextglobal.com

Billed as “nextgen trading”, Tradenext is an online Forex broker established in 2010 with the aim of brining a new level of competence to the market. Focusing on transparency, quality and innovation, this British-based dealer has quickly carved itself a niche in the competitive FX brokerage market.

Aside from offering its innovative iTrader platform, Tradenext is fully regulated by the UK’s Financial Services Authority which should give all potential investors peace of mind. Indeed, because Tradenext is part of the Financial Services Compensation Scheme, all client funds are covered up to a maximum of £50,000.

By keeping each user’s money separate from its trading capital, Tradenext is able to refund each member up to £50,000 if it ever found itself in financial difficulty.

Tradenextglobal.com’s Special FX:

One of the standout features of Tradenext’s site is its cloud-based trading system. Known as tradable, the open marketplace was named the “Most Innovative Financial Product 2012” at the Forex Magnates Summit and is a way for traders to customise their trading platform.

Working in a similar way to various mobile app stores, such as iTunes, the virtual shop contains a number of apps which investors can access and use to personalise their trading experience.

Although still relatively new, the platform is expected to revolutionise the way traders interact with the FX market. Indeed, the like of Dow Jones and NetDania have already created apps for people to refine their trading experience with.

The Essentials:

Thanks to Tradenext’s focus on technology and innovation, users are able to access the Forex market through an upgraded MetaTrader 4 platform. Known as the industry’s standard product, MT4 is used by traders of all persuasions. However, in a bid to make their accounts different, Tradenext has customised the platform for its members and rebranded it as iTrader.

Carrying all the features that made MT4 a success, iTrader also gives users the ability to complete one-click trades, carry out advanced charting analysis, employ various risk management strategies and trade automatically.

To complement its iTrader platform, Tradenext has two main account options beyond its standard demo account:

Tradenext Classic:
Minimum deposit = No minimum
Spreads = From 1.5 pips on major currency pairs
Number of currency pairs = 40
Leverage = 1:200
Minimum trade size = 0.10 lot
Trade size increments = 0.01 lot

Tradenext Pro:
Minimum deposit = $25,000
Spreads = From 1.5 pips on major currency pairs
Number of currency pairs = 40
Leverage = 1:100
Minimum trade size = 0.10 lot
Trade size increments = 0.01 lot
*Note, for account holders who deposit more than $50,000 reduced spreads will be offered.

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