General Information & Regulation
FX NextGen Ltd is registered in the Republic of Georgia with Company ID 404574769 and carries a business license from Hualing Free Industrial Zone with License Number 0110/290. FXNextGen is not subject to any regulation at this stage.
Market Instruments of FX NextGen
FXNextGen offers investors access to 77 Forex currency pairs, 12 precious metals, 10 indices, 4 energies, 39 cryptocurrencies, 37 US stocks, and 30 European stocks.
Minimum Deposit
FXNextGen offers traders both standard and ECN accounts. The basic requirement to open a standard account is 100 EUR or 100 USD.
FXNextGen Leverage
The maximum trading leverage offered by FXNextGen is up to 1:500, truly high. Since leverage can amplify both gains and losses, it is important that traders should learn how to use leverage and risk management to miginate losses.
Spreads & Commissions
FXNextGen doesn't provide any detailed information on spreads. Trading commissions charged by FXNextGen are $4 per lot for the standard account and $12 per lot for the ECN account.
Trading Platform
When it comes to trading platforms, FXNextGen offers traders Platform 4 Desktop, Platform 5 Desktop, and Mobile Platform.
Deposit and Withdrawal
FXNextGen supports traders to deposit and withdraw funds from their investment accounts via Bitcoin and bank transfer only.
FXNextGen Pros & Cons
FXNextGen Advantages Include:
1. Two types of accounts available
FX NextGen Disadvantages Include :
1. Not subject to any regulation
2. Fewer deposit & withdrawal options
3. High Trading fees
