Broker Review: Nekstra
Licensing and Regulation
Nekstra guarantees all traders segregated accounts, real time market prices, and a high degree of privacy. The brokerage makes use of the latest encryption and SSL security protocols. Trader security is enhanced by the use of segregated accounts for all six account types.
Nekstra is particularly popular in Eastern Europe and welcomes traders from most other countries around the world. It doesn’t currently accept traders from the US and Canada.
Management - Minimum Deposit
Nekstra is one of the few brokers that allows traders to open an account with just $250.
Nekstra uses the same encryption and security technology as banks and online stores and maintains a Comodo SSL certificate. It guarantees traders privacy, security and fair pricing. Nekstra also holds all client funds in segregated accounts.
Nekstra is a popular brokerage that is steadily gaining an international reputation. As well as a high tech trading platform, traders have a range of professionally edited media resources, including Daily Analysis videos, Daily Market Review, Live Market Summary and Financial News. We also liked the Economic Calendar and Financial Calculator. Nekstra offers traders a choice of six different (segregated) account types and the services of a personal account manager. The education center is useful and is frequently updated. Nekstra is a brokerage that has its finger on the market pulse and is quick to offer traders new opportunities and account upgrades.
Nekstra delivers an outstanding desktop platform that downscales to Android and iPhone with no loss of function. Their technology puts them alongside the biggest and best-known brokers. Traders have the option to choose Social Trading and have full access to the latest platform features, including risk management tools, real time charts, fixed spreads, one-click order execution, live charts and signals.
Markets, Assets and Products
Nekstra is a conventional brokerage that offers a broad range of Forex, Cryptocurrencies, Stocks, Commodities and Indices, with over 1,000 assets. They don’t currently offer niche assets or specialist instruments. Nekstra’s experience is that their traders want to create portfolios of well known assets that are traded on the world’s most important stock exchanges and bursas.
The Nekstra education center is a good starting point for new traders. It is packed with useful learning tools, including webinars, e-books, video tutorials and other educational materials. There is also a full glossary and FAQs that are great for quick answers. The education center is less effective for experienced traders who want to aim for professional investing, but Account Managers tend to provide special webinars and training for serious traders.
Customer Service and Support
Customer service at Nekstra is pretty much the same as other brokers, with 24/6 availability. The average trader probably won’t need to contact customer service as the overall brokerage service is efficient. Account Managers are more than capable of dealing with most of the questions and small issues that can arise. That said, the customer service reps are well trained and are there if you need them.
The platforms are regularly updated with new trading tools and the live data feeds and charts are useful and relevant. The daily reports and market emails keep even the busiest traders connected to the wider markets. Nekstra traders have additional financial news and alerts with Live Signals and a special Social Trading Feature . The whole package is highly professional and well thought out.
At a Glance
PLUS: Nekstra’s six account types and flexible technology makes the brokerage attractive to traders of all experience levels. There is also a Social Trading feature that allows you to follow other traders and learn from their strategies. The asset index is good and the trading terms are competitive – with excellent leverage. Traders are backed up by effective customer service. Nekstra uses banking level security systems and segregated accounts to protect traders.
MINUS: Nekstra won’t accept traders from the US or Canada. Hardcore MT4/5 traders may not find what they are looking for at the brokerage. But, the Nekstra platform is exceptionally well designed and MT4/5 is not a critical requirement for most traders.