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Global Next Trade -

Score

2.19 /10
Danger

Global Next Trade

Saint Vincent and the Grenadines

5-10 years

Suspicious Regulatory License

MT5 Full License

Regional Brokers

High potential risk

https://www.globalnexttrade-en.com

Influence

C

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Comparison

Quantity 2

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.21

Risk Management Index0.00

Software Index8.34

License Index0.00

Open Account
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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Broker Information

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Company Name

GNT Capital LTD.

Company Abbreviation

Global Next Trade

Platform registered country and region

Saint Vincent and the Grenadines

Company website

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Linkedin

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-01-31
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Exposure

2 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Terrible service

I have a problem with this broker. The service is terrible and the assistants are all online, but they do not respond to me. They had already been asked for several withdrawals, but they keep making excuses, always postponing the withdrawal day. Be very careful when investing in this GLOBAL NEXT TRADER broker

FX6283185592
2021-12-20 10:45
Scam

Direct robbery

This broker is a fraud and a thief, they stole 895 dollars from my account, with a concept, a so-called commission adjustment. When I complained about the arbitrary withdrawal of the 895 dollars from my account, they told me to talk to my manager and logically the manager does not have access to my account and even less to my money. They are thieves and continue to operate as if nothing, to withdraw, they put obstacles and delay the withdrawal as much as they can. In the image you can clearly see the date and the withdrawal for 895 dollars, made directly by the broker. Any additional information with pleasure.

Andres70739
2023-04-26 08:38
Global Next Trade · Company summary
Global Next Trade Review Summary
Founded2019
Registered Country/RegionCayman Islands
RegulationNo regulation
Market InstrumentsForex, commodities, indices, cryptocurrencies
Demo Account❌
EUR/USD SpreadFrom 1.8 pips (Standard account)
LeverageUp to 1:300
Trading PlatformMT5, CQG
Copy Trading✅
Min Deposit$200
Customer SupportTel: (+52) 8111341890
Email: support@gntcapital.com
Address: Av. Ricardo Margain Zozaya 315, Col. Santa Engracia, San Pedro Garza, N.L. , 66263, México
Registered address: Two Artillery Court, 2nd Floor, 161 Shedden Road, George Town, PO Box 799, KY1-1103, Cayman Islands

Global Next Trade Information

Global Next Trade was registered in Cayman Island while actually operates in Mexico. The company mainly deals in trading in forex, commodities, indices and cryptoscurrencies. It offers three live trading accounts, with a minimum deposit of $200, and tight spreads from 1.8 pips on the Standard account. The advanced MT5 platform is available to enhance customer experiences.

In addition, the broker allows copy trading to follow successful investors and offers PAMM accounts, so you can entrust your trading to experienced money managers for better profit allocation.

However, the broker currently operates without valid regulation from authority bodies, which degrade its legitimacy and reliability.

Global Next Trade's homepage

Pros and Cons

Pros Cons
Diverse tradable asset classesNo regulation
Tiered live accountsWikiFX complaints about poor earnings
Commission-free accounts offeredHigh minimum deposit
Flexible leverage ratios
Copy trading
Popular payment options

Regulatory Status

Regulation is a crucial aspect of evaluating the legitimacy and reliability of a brokerage firm, and in the case of Global Next Trade, the broker operates without any valid regulatory oversight. The absence of a regulatory framework raises huge concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.

No license

What Can I Trade on Global Next Trade?

Tradable Instruments Supported
Forex✔
Commodities✔
Indices✔
Cryptocurrencies✔
Stocks❌
Bonds❌
Options❌
ETFs❌
What Can I Trade on Global Next Trade?

Account Type/Fees

Global Next Trade offers four different live accounts: Standard, Silver and Platinum accounts, with increasing minimum deposit requirements of €200, €10,000 and €5,000 respectively.

Spreads are from 1.8 pips for standard account and 0 pip for silver/platinum accounts. However, there's no commission for standard account, while the silver account charges a commission of $5 per side per lot and the platinum account $3.5 per side per lot.

Account TypeMin DepositSpread Commission
Standard$200From 1.8 pips❌
Silver$1 000From 0 pips$5 per side per lot
Platinum$5 000From 0 pips$3.5 per side per lot
Standard account
Silver account
Titanium account

Leverage

Global Next Trade offersa leverage level of up to 1:300 for standard account while 1:200 for silver and platinum accounts, which means you can control a larger position of up to 300 times of your initial deposit.

However, you should always be very prudent to use such tool since leverage not only amplify profits, but losses will be augmented at same level as well.

Account TypeMax Leverage
Standard1:300
Silver1:200
Platinum

Trading Platform

The broker offers multiple trading platforms: the advanced MetaTrader 5 with Android and iOS versions, a proprietary Pro Next Trade platform available on both Windows and MacOS, as well as the CQG platform with advanced analysis and charting tools.

Trading PlatformSupported Available Devices Suitable for
MT4❌/Beginners
MT5✔Android, iOSExperienced traders
Pro Next Trade✔Windows, MacOSBeginners
CQG✔WebAdvanced traders
MT5
Pro Next Trade
CQG

Deposit and Withdrawal

Global Next Trade accepts payment through Bitolo (SPEI), Wirebit, and Match2pay (Crypto), as well as the option for domestic and international bank transfers. Additionally, VISA cards are also available for withdrawing profits.

Payment options

User Reviews

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User comment

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Comments

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Konner
more than one year
Global Next Trade offers super tight spreads that really help in keeping costs low and maximizing profits. And their maximum leverage options are pretty generous, allowing traders to make the most of their capital. Overall, I'm quite happy with their trading conditions and would definitely recommend them to other traders.
Global Next Trade offers super tight spreads that really help in keeping costs low and maximizing profits. And their maximum leverage options are pretty generous, allowing traders to make the most of their capital. Overall, I'm quite happy with their trading conditions and would definitely recommend them to other traders.
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2024-07-09 11:05
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Lamerbeauty
more than one year
Trading with Global Next Trade has its advantages and drawbacks. On the positive side, the broker provides a range of trading instruments, and the diverse account options allow for customization. The G-Trader platform is user-friendly, and I appreciate the availability of a demo account. However, the lack of regulatory oversight is a significant concern, and the absence of educational resources is a drawback for beginners.
Trading with Global Next Trade has its advantages and drawbacks. On the positive side, the broker provides a range of trading instruments, and the diverse account options allow for customization. The G-Trader platform is user-friendly, and I appreciate the availability of a demo account. However, the lack of regulatory oversight is a significant concern, and the absence of educational resources is a drawback for beginners.
Translate to English
2023-12-05 14:33
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