Next Markets vs. TastyTrade Comparison

This contrast overview aids users that have a hard time to choose in between Next Markets and TastyTrade to find the most effective online broker for their trading and financial investment needs. It examines the highlights of both brokers side by side to help users contrast their service and make a notified decision.

To assist individuals pick the ideal broker between Next Markets and TastyTrade to locate the best-suited system, below is a listing of broker’s benefits and drawbacks, complied with by a comparison of their major trading functions, consisting of trading platforms & devices, charges, mobile trading, deposit & withdrawal, possessions, regulation, and consumer assistance.

Next Markets vs. TastyTrade: Summary

Next Markets logo

Next Markets is a multi-asset CFD broker based in Germany. It is regulated by the MFSA and is considered safe. The broker allows users to trade over 7,000 stocks, 1,000 ETFs, and CFDs on cryptos, forex, commodities, and bonds.

Next Market’s fees are below average compared to similar brokers in the industry. They charge 0% commission on stock and ETFs and low fees on CFDs. Forex spreads start from 0.6 pips (EUR/USD). The broker does not charge any withdrawal on inactivity fees.

Next Market’s customer service is available from Monday to Friday from 09:00 to 18:00 by email and phone (+49 221 98259 007).

tastytrade-logo

TastyTrade (previously TastyWorks) is a US based stock and options broker. It is regulated by two tier-one regulators (FINRA and SEC) and is therefore considered safe. The broker offers access to a wide range of options, futures and stocks.

TastyTrade’s platform offers various trading tools and features, intuitive charting apps and the TastyTrade content network. These features make tastytrade a great fit for experienced and active traders focusing on trading with futures and options. Although TastyTrade offers great educational materials and research tools, the platform can be overwhelming for beginners.

The minimum deposit at TastyTrade is $0. Customer support is responsive and well educated.

Pros

  • Low minimum deposit ($0)
  • 0% commission stocks and ETFs
  • Low spreads from 0.6 pips (EUR/USD)
  • Free trading signals
  • No hidden commissions or non-trading fees

Cons

  • Algorithmic trading is not available
  • Limited advanced trading tools and features
  • No demo or Islamic swap-free accounts are available

Pros

  • Low minimum deposit ($0)
  • Wide range of futures and options
  • Low, variable, and capped trading fees
  • Broad range of tools for advanced options and futures traders
  • Great research and educational materials

Cons

  • No fractional shares available
  • Limited instruments compared to other brokers
  • High margin rates required

Key features

  • Access to 8,000 financial instruments
  • Broad range of deposit & withdrawal methods
  • User friendly mobile app
  • Competitive trading fees, spreads, and commissions
  • Beginner friendly trading tools and features
  • User friendly mobile app

Key features

  • Access to thousands of stocks, ETFs, futures, options on futures, commodities, and cryptocurrencies
  • Advanced trading tools and dynamic charting features (custom indicators, watch lists, and curve analysis)
  • Multiple advanced order types available (good until canceled and good until date)
  • Free monthly portfolio analysis
  • Support for Expert Advisors and other automated trading software

Next Markets vs. TastyTrade Comparison

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Next Markets logo

Next Markets

Open account Read review

56.65% of retail CFD accounts lose money

BROKER COMPARISON

Next Markets logo
tastytrade-logo

Overall rating

3,5/5

4,1/5

Overall rating

3,5/5

4,1/5

Trading Platform & Tools

2.4

4.1

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 100:1 5:1
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.3

4.2

See details
Withdrawal Fee 0 0
Deposit Fee 0 0
Inactivity Fee 0 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0 0
Stocks & ETF 0 0
CFD (Gold) 0 0
Crypto 0 1% open 1% close (max $10 each way)
Options 0 $1 per contract
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees 0

Mobile Trading

3.8

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.8

3.0

See details
Minimum deposit (in UAE) $0.00 0
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.5

4.0

See details
Shares 7000 2400
ETF & Funds 1000 0
Crypto 0 25
Commodities 0 0
Indices 0 7
Options 0 0
Futures 0 83
Bonds 0 0
Forex Instruments 0 0
CFD Indices & Funds 1000 0
CFD Stocks 7000 0
CFD Commodities 0 0
CFD Crypto 0 0
CFD Bonds 0 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

1.8

3.5

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.5

4.0

See details
Email
Phone
Live Chat
24/7 support
Multilingual Spanish
Personal Account Manager

Winner

Next Markets vs. TastyTrade Comparison Conclusion

The outcomes of our contrast of Next Markets vs. TastyTrade are wrapped up in the table listed below.

Broker:Best For:
Next MarketsStocks and ETF trading and investing
TastyTradeOptions Trading

Picking the ideal choice between Next Markets and TastyTrade can be challenging. Both online brokers have resemblances yet vary pertaining to trading tools, platforms & applications, guideline, down payment & withdrawals, and research and education. Choosing the best broker depends on customers’ trading & financial investment objectives, private choices, and experience level.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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