NextTrade Review

NextTrade is a Mauritius-licensed forex and CFD broker built by the team behind prop firm FunderPro, offering MetaTrader 5, ECN/STP execution, and trading from a $100 minimum deposit across 71 instruments.

NextTrade at a Glance

NextTrade Ltd is authorised by the Financial Services Commission of Mauritius (Licence GB25204563, Registration 223260) and operates from offices in Ebene, Mauritius. The broker launched in 2026 as a separate legal entity to prop firm FunderPro, with a shared founding team drawn from IG Markets, Capital.com and FunderPro itself.

The positioning is specific: NextTrade is built as the next step for funded traders moving from prop firm payouts to live trading with their own capital. The platform is also open to the wider retail market, with three account tiers covering beginners through to active professional traders.

Regulation and Fund Safety

NextTrade holds a Global Business Licence from the FSC Mauritius, the country's financial regulator. Client deposits are held in segregated accounts at MauBank Ltd, kept separate from NextTrade's operating funds. Negative balance protection applies to every account type, meaning clients cannot lose more than the cash they deposit.

Mauritius regulation sits outside the tier-1 bracket of the FCA, ASIC or CySEC, which is standard for offshore brokers offering leverage up to 1:1000. Traders who require top-tier investor compensation schemes should factor this into their decision. For those comfortable with offshore regulation in exchange for higher leverage, the combination of fund segregation, SSL encryption and negative balance protection provides a reasonable baseline of safeguards.

Account Types

NextTrade offers three MetaTrader 5 account types. The Standard and Raw accounts share a $100 minimum deposit, while VIP is aimed at higher-volume traders with a $10,000 threshold.

The Standard account suits traders who want a single all-in cost with no commissions, typical of EUR/USD pricing from 1.6 pips. The Raw account is aimed at scalpers and algorithmic traders who prefer tighter raw spreads plus a commission, while the VIP tier discounts commissions by roughly 40% for higher-balance clients.

Scalping, hedging and Expert Advisors are permitted on every account, and all accounts operate in full MetaTrader 5 netting or hedging mode.

Trading Platform

NextTrade runs exclusively on MetaTrader 5. The platform is available on Windows, macOS, web browser, iOS and Android, with 21 timeframes from one minute to monthly, over 80 built-in technical indicators, and full Depth of Market. Automated trading through MQL5 Expert Advisors is supported on every account type.

Execution is advertised at sub-12 millisecond speeds, with 99.9% platform uptime and an ECN/STP model that routes orders directly to liquidity providers rather than through a dealing desk. This setup is well suited to high-frequency and algorithmic strategies that rely on fast fill times.

Instruments

NextTrade lists 71 tradable instruments across four asset classes:

• Forex (56 pairs): 7 majors including EUR/USD, GBP/USD and USD/JPY; 21 minors; and 28 exotics covering USD/ZAR, USD/TRY, EUR/MXN and others.
• Indices (9 CFDs): S&P 500, Nasdaq 100, Dow Jones 30, DAX 40, FTSE 100, Nikkei 225 and three additional benchmarks.
• Metals (3 CFDs): Gold in USD (XAU/USD) and EUR (XAU/EUR), plus silver (XAG/USD).
• Energies (3 CFDs): WTI Crude, Brent Crude and Natural Gas.

The forex offering is strong for a new broker, with 56 pairs covering all the majors plus a deep exotic selection. Traders looking for share CFDs or cryptocurrency CFDs will not find them here — NextTrade's FSC licence covers currency pairs, indices, metals, futures and commodities only.

Spreads and Fees

Pricing depends on the chosen account tier. Typical EUR/USD is 0.4 pips on Raw and VIP (plus commission) or 1.6 pips all-in on Standard.

The Raw account sits in a similar cost band to IC Markets, Pepperstone and other ECN brokers at roughly $7 per lot round-turn on forex. VIP pricing at $4 per lot round-turn is aggressive and competitive with higher-tier accounts at most established brokers.

Deposits and Withdrawals

NextTrade supports card, bank wire, cryptocurrency and alternative payment methods. Deposits via Visa, Mastercard and APMs are processed instantly. Crypto deposits vary by network confirmation speed, and bank wires take one to three business days.

Card and APM withdrawals are free of charge, crypto withdrawals pay only the network fee, and bank wires cost $25 per transfer. Withdrawal requests submitted before 14:00 UTC are processed the same business day, with funds reaching most cards and APMs within 24 hours and bank wires taking two to five business days.

Partner Programme

NextTrade runs CPA, revenue share and hybrid partner plans. CPA pays up to $1,500 per funded trader with monthly payouts. Revenue share offers up to 40% of spreads and commissions, with weekly payouts rising to daily at Gold tier and above. The hybrid plan combines a custom CPA with ongoing revenue share, subject to a 30-day CPA holdback.

Who Is NextTrade Best For?

NextTrade fits three groups most naturally. First, funded traders who have graduated from FunderPro payouts and want a live account with familiar operational standards from the same team. Second, scalpers and EA users who need raw ECN execution at $7 per lot round-turn with leverage up to 1:1000. Third, higher-balance traders who can meet the $10,000 VIP deposit and benefit from the tightest commission tier.

Compared to IC Markets, NextTrade offers similar ECN pricing on Raw but with a lower $100 minimum deposit, more aggressive maximum leverage, and a smaller instrument catalogue without share CFDs. Against Eightcap, NextTrade offers lower Standard-account spreads and the backing of the FunderPro team, though Eightcap holds ASIC regulation which carries a stronger regulatory profile.

Final Thoughts

NextTrade launches with credible fundamentals: FSC Mauritius authorisation, segregated client funds at MauBank, negative balance protection, ECN/STP execution and a founding team drawn from established names in the industry. The $100 minimum deposit and MetaTrader 5 platform make it accessible, while the Raw and VIP tiers give active traders tight pricing without unusual restrictions.

For funded traders finishing a FunderPro challenge or retail traders comfortable with offshore regulation in exchange for higher leverage, NextTrade is a well-specified option from day one. The broker's most obvious strengths are pricing transparency, fund segregation and operational heritage — areas where many new brokers fall short.

Frequently Asked Questions

Is NextTrade regulated?

Yes. NextTrade Ltd is authorised by the Financial Services Commission of Mauritius under Licence GB25204563 (Registration 223260). Client funds are held in segregated accounts at MauBank Ltd.

What is the minimum deposit at NextTrade?

$100 for the Standard and Raw accounts. The VIP account requires a $10,000 minimum deposit.

Does NextTrade offer MetaTrader 5?

Yes. MetaTrader 5 is the only platform NextTrade offers, available on Windows, macOS, web, iOS and Android. Expert Advisors, hedging and scalping are supported on all account types.

Is NextTrade the same as FunderPro?

No. NextTrade and FunderPro are separate legal entities. They share a founding team and some operational staff, but NextTrade is a regulated Mauritius-based broker while FunderPro is a prop firm based elsewhere.

How long do NextTrade withdrawals take?

Card and APM withdrawals arrive within 24 hours. Bank wires take two to five business days. Requests submitted before 14:00 UTC are processed the same business day.

What is the maximum leverage at NextTrade?

Up to 1:1000 on all account types, subject to instrument and position size limits. Leverage is dynamic and adjusts automatically based on exposure.