Immediate Nextgen New Zealand has been flagged by Financial Markets Authority for "Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Immediate Nextgen New Zealand seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Multiple order types|Good analytical tools|Responsive team
Cons: Onboarding videos are outdated
I had a dispute with Immediate Nextgen New Zealand and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Dividend tracking|Social trading features|Multi-device support
Cons: Minimum deposit could be lower|Website design could be more modern
I am in a dispute with Immediate Nextgen New Zealand over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Stable platform|Professional team
Cons: Nothing significant
KYC with Immediate Nextgen New Zealand is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: API access|Great customer service|Competitive fees
Cons: Limited demo account features|Minor UI glitches occasionally
The spread at Immediate Nextgen New Zealand is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after reading several online reviews and initially thought the platform was good - until I started trading seriously.
Pros: Dedicated account manager|Intuitive for beginners
Cons: Nothing significant
I was about to invest with Immediate Nextgen New Zealand but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Markets Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
I want to warn everyone about Immediate Nextgen New Zealand. They have been flagged by Financial Markets Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Cons: No regulatory oversight|Money disappeared|Fake testimonials
I referred a friend to Immediate Nextgen New Zealand from a review site like this one. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Full transparency|High security standards|Multiple order types|Dividend tracking
Cons: Limited cryptocurrency options
I lost a significant amount because Immediate Nextgen New Zealand did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Automated trading options|Responsive team|Clear documentation|Comprehensive tools
Cons: Some tools only available on higher tiers|Help articles are sometimes vague
If you are reading this considering Immediate Nextgen New Zealand - run. I wish I had read more negative reviews through a forum discussion. I thought the positive ones were real. Maybe some are. My experience over for about five months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Educational resources|Economic calendar
Cons: Would like more payment methods|Mobile app could be improved