Score

1.39 /10
Danger

NEXTGEN

United Arab Emirates

2-5 years

Suspicious Regulatory License

High potential risk

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Comparison

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Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index6.11

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

NEXTGEN · Company summary
Registered Country/Region United Arab Emirates
Regulation No License
Products Stocks, Futures, Forex, CFDs, ETFs, Mutual Funds, Indices, Hedge Fund Investing
Services Retail Broking, Arbitrage and Hedging Platforms, Internet Trading, User Friendly Online Trading Platforms, Managed Accounts, Online Trading Platform for Bullion, Forex, Metal, Energy, Indices, and more
Customer Support Tel: +971 4 4560384 Email:accountsdgcx@nextgendmcc.comWeb: www.nextgendmcc.comWhatsApp

General Information & Regulation

NEXTGEN, a trading name of Nextgen International DMCC, is allegedly a financial company registered in the United Arab Emirates with registration number DMCC-0575 and license number DMCC-30283. The broker claims to provide its clients with multiple trading products and services. Here is the home page of this brokers official site:

General Information & Regulation

As for regulation, NEXTGENs website states it is regulated by the Securities and Commodities Authority with license number 607044. However, it has been verified that the broker does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.12/10. Please be aware of the risk.

General Information & Regulation

Products

NEXTGEN advertises that it offers access to a wide range of trading products in financial markets, including stocks, futures, forex, CFDs, ETFs, mutual funds, indices and hedge fund investing.

Services

NEXTGENs website says it offers all kinds of financial services, covering retail broking and Internet trading services, as well as offering managed accounts, arbitrage and hedging platforms and online trading platforms.

Services

Customer Support

NEXTGENs customer support can be reached by telephone: +971 4 4560384, email: accountsdgcx@nextgendmcc.com or send messages online to get in touch. You can also follow this broker on social networks such as WhatsApp, Twitter, Facebook and LinkedIn. Registered Office: 1008, 10th Floor M-Cluster JUMEIRAH LAKE TOWERS, DUBAI, UAE.

Pros & Cons

Pros Cons
Wide selection of products and services provided No Regulation
No Online Chat
No details about its products, services
No spreads, leverage information offered

Is NEXTGEN regulated?

No, NEXTGEN is not regulated, and it was given a very low score of 1.21/10 on WikiFX.

What products and services does NEXTGEN offer?

NEXTGEN offers a series of trading products including Stocks, Futures, Forex, CFD, ETFs, Mutual Funds, as well as Hedge Fund Investing. Services include Retails Broking, Arbitrage and Hedging Platform, Internet Trading, and more.

How I can contact with NEXTGEN?

NEXTGEN can be reached through Telephone, Email, WhatsApp. Alternatively, you can also follow this broker on some social media platforms, such as Facebook, Twitter, and Linkedin.

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

User Reviews

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User comment

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Comments

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FX1286573346
more than one year
NEXTGEN runs an anonymous website with no useful contents on it at all. As a trade with many years’ trading experience, I can immediately tell this company is a fraud.
NEXTGEN runs an anonymous website with no useful contents on it at all. As a trade with many years’ trading experience, I can immediately tell this company is a fraud.
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2023-02-24 14:44
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小雨48700
more than one year
I do see their “positive” reviews on internet, but they are totally jokes. Can you believe? just several days ago, an agent from this company kept inducing me to make an investment here, and I said no. Guys, sharpen your eyes, this is a 100% scam.
I do see their “positive” reviews on internet, but they are totally jokes. Can you believe? just several days ago, an agent from this company kept inducing me to make an investment here, and I said no. Guys, sharpen your eyes, this is a 100% scam.
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2022-12-02 18:52
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