NextTrade offers three MetaTrader 5 account types: Standard, Raw and VIP. All three allow scalping, hedging and Expert Advisors and share the same 1:1000 maximum leverage. The differences are in how trading costs are charged and which account suits which trader.
The Short Answer
Pick Standard if you want a single all-in cost and no commissions. Pick Raw if you trade frequently and want the tightest spreads with a predictable per-lot commission. Pick VIP if you trade high volume and have at least $10,000 in capital to deposit — it cuts the commission by roughly 40% compared to Raw.
Side-by-Side Comparison
| Feature | Standard | Raw | VIP |
|---|---|---|---|
| Minimum deposit | $100 | $100 | $10,000 |
| Spread from | 1.6 pips | 0.0 pips | 0.0 pips |
| FX commission per lot RT | $0 | $7 | $4 |
| Index commission per lot RT | $0 | $0.80 | $0.50 |
| Commodity commission per lot RT | $0 | $6 | $4 |
| Max leverage | 1:1000 | 1:1000 | 1:1000 |
| Platform | MetaTrader 5 | MetaTrader 5 | MetaTrader 5 |
| Instruments | Forex, Indices, Metals, Energies | Same | Same |
| Scalping | Allowed | Allowed | Allowed |
| Hedging | Allowed | Allowed | Allowed |
| Expert Advisors | Supported | Supported | Supported |
| Negative balance protection | Yes | Yes | Yes |
Standard Account
The Standard account is NextTrade's entry-level tier. It bundles all trading costs into a wider spread, with zero commission on every instrument. Typical EUR/USD pricing is 1.6 pips all-in.
This structure is easier to understand for traders who prefer a single number to monitor per trade. You see the spread on the platform, that is the cost of the trade, and there is no separate commission line item on the statement.
Best for: Beginners, longer-term swing traders, and anyone who prefers simple all-in pricing over commission-based models. Not ideal for high-frequency strategies where the wider spread accumulates into a meaningful cost.
Raw Account
The Raw account is NextTrade's active trading tier. Spreads start from 0.0 pips and a commission of $7 per lot round-turn is charged on forex trades. Typical EUR/USD pricing is roughly 0.4 pips raw spread plus $7 per lot round-turn.
For a standard one-lot EUR/USD round trip, that works out to about $11 total cost — $4 in spread (0.4 pips on a $10-per-pip lot value) plus $7 commission. This is directly comparable to IC Markets' Raw Spread account and most other ECN-style broker offerings at similar pricing.
Best for: Scalpers, day traders, Expert Advisor users, and any strategy that takes frequent trades and benefits from tight raw spreads. The $100 minimum deposit makes it accessible to most traders.
VIP Account
The VIP account discounts Raw commissions by roughly 40%, at a higher $10,000 minimum deposit. Forex commission drops from $7 to $4 per lot round-turn, index commission from $0.80 to $0.50, and commodity commission from $6 to $4.
For a high-volume trader, the commission saving compounds meaningfully over time. A trader running 100 standard lots of forex per month saves $300 per month versus the Raw account. Over a year that is $3,600 — enough to cover the VIP minimum deposit three times over if the commission savings were the only comparison.
Best for: Higher-balance traders, active scalpers running large position sizes, and fund managers trading regularly. The VIP tier requires genuine volume to justify the capital commitment; traders who do not trade actively are better off using Raw at the lower minimum deposit.
Which Account Should You Pick?
A practical decision framework:
- Are you a beginner trading fewer than 10 lots per month? Start with Standard. The simpler pricing structure reduces cognitive overhead while you learn.
- Are you an active trader running EAs or scalping frequently? Use Raw. The tighter spreads combined with the $7 per lot round-turn commission gives you ECN pricing at the $100 minimum deposit.
- Do you trade 50+ standard lots of forex per month and have $10,000+ to deposit? VIP pays for itself quickly through commission savings.
- Unsure of your monthly volume? Start with Raw. You can always upgrade to VIP once your trading pattern stabilises, and Raw gives you access to competitive ECN pricing from day one.
What All Three Accounts Have in Common
NextTrade keeps the feature set consistent across all tiers so traders can choose based on cost structure rather than feature restrictions. Every account includes:
- MetaTrader 5 on Windows, macOS, web, iOS and Android
- Scalping, hedging and Expert Advisors permitted
- Leverage up to 1:1000 on all instruments
- Full access to all 71 tradable instruments
- Segregated client funds at MauBank Ltd
- Negative balance protection
- Same-day withdrawal processing before 14:00 UTC
This approach is well-designed. Some brokers restrict EAs to premium accounts or cap leverage on entry tiers, which forces traders into higher deposits for reasons unrelated to genuine cost differentiation. NextTrade avoids that pattern.
Final Thoughts
NextTrade's three-tier structure is straightforward and reasonably priced. Standard is appropriate for beginners, Raw is the natural home for most active traders, and VIP is a genuine value for high-volume participants who can meet the $10,000 minimum. The consistent feature set across tiers means you are choosing a cost structure, not a restricted feature set.
For the complete broker profile including regulation, platform details and pros and cons, see our NextTrade review. For a guide on depositing and withdrawing, see our NextTrade deposits and withdrawals guide.
Frequently Asked Questions
What is the minimum deposit for the NextTrade Raw account?
$100. The Raw account shares the same $100 minimum deposit as the Standard account, which is unusual — many brokers require a higher minimum for their ECN tier.
Can I change my NextTrade account type later?
Yes. You can open additional accounts of different types from within the client area and fund them separately. There is no penalty for moving between tiers as your trading needs evolve.
Is the NextTrade VIP account worth it?
It depends on monthly volume. If you trade around 50 or more standard lots of forex per month, the commission savings versus the Raw account offset the higher minimum deposit within the first year. Lower-volume traders should stay on Raw.
Are Expert Advisors allowed on the Standard account?
Yes. Expert Advisors, scalping and hedging are permitted on all three NextTrade account types, including Standard. There are no restrictions based on account tier.
What is the maximum leverage on NextTrade accounts?
Up to 1:1000 on all account types, subject to dynamic limits based on the instrument and position size. The leverage applies equally to Standard, Raw and VIP.