Next Trade Limited has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: +612 7202 0290
Addresses: P. O. BOX 1276 Port Vila Vanuatu. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: aspenholding.com.
I closed a profitable position at Next Trade Limited and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Demo account available|Segregated accounts|Clean UI|Economic calendar
Cons: Mobile app could be improved|Account statements could be more detailed
I joined Next Trade Limited after doing extensive research and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Regular platform improvements|Regular updates
Cons: Cannot customize dashboard fully
Next Trade Limited advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Quick verification|Great customer service|Comprehensive tools
Cons: Charting tools need more indicators
Next Trade Limited has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Personal attention|Clear documentation|Stable platform
Cons: None so far|Limited social trading features
I signed up with Next Trade Limited through a forum discussion and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Multi-currency support|API access
Cons: Minimum deposit could be lower
The platform at Next Trade Limited is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since early this year of dealing with this, I have had enough.
Pros: Dividend tracking|Automated trading options|Low minimum deposit
Cons: Cannot customize dashboard fully