Next Grow FX-Overview of Minimum Deposit, Leverage, Spreads

General Information

Next Grow FX is allegedly a brand new‐generation, multi‐asset broker based in the USA that provides its clients with the industry-leading MT5 platform, leverage up to 1:1000, low spreads on over 300 tradable assets, a choice of four different account types, trading and financial services, as well as 24×5 customer support services.

Market Instruments

Next Grow FX advertises that it offers access to more than 300 trading instruments in financial markets, including forex, CFDs on indices, commodities, stocks, as well as metals.

Account Types

There are four live trading accounts offered by Next Grow FX, apart from free demo accounts, namely Starter, Expert, Prime and Pro. However, the broker didnt disclose any information about the minimum initial deposit amount.

Leverage

The maximum leverage ratio provided by Next Grow FX is pretty high, up to 1:1000. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Next Grow FX claims that it provides its clients with ultra-low spreads starting from 0 pips. All charging no commissions.

Trading Platform Available

When it comes to trading platforms available,Next Grow FX gives traders the worlds most widely-used Metatrader5 platform, available on both desktop and mobile. It has three different versions: MT5 for Windows, MT5 for Android and MT5 for iOS. MT5 is known as one of the most successful, efficient, and competent forex trading software, offering a friendly interface, some technical tools and indicators, as well as an extensive variety of opportunities for market evaluation. While with MT5 on mobile and tablet, trading can be done from anywhere and at any time.

Deposit & Withdrawal

Next Grow FX accepts deposits and withdrawals via Debit & Credit Cards (VISA, MasterCard), Bank Wire Transfer, E-Wallets (Skrill, Neteller) and Internal Transfer. There is no minimum deposit amount for Internal Transfer, but at least $500 for other deposit methods. While the minimum withdrawal amount is $100 and the other withdrawal methods without minimum withdrawal. As for the processing time of deposit and withdrawal requests, it varies depending on different deposit and withdrawal methods. Deposits usually can be processed instantly for Debit & Credit Cards and E-Wallets, 1-5 business days for Bank Wire Transfer and 24 hours for Internal Transfer. While withdrawals via Debit & Credit Cards require 2-5 business days, Bank Wire Transfer with 1-5 business days, E-Wallets and Internal Transfer within 24 hours.

Customer Support

Next Grow FX‘s customer support can be reached through telephone: 971505165664, email: support@nextgrowfx.com, info@nextgrowfx.com or send messages online to get in touch. However, this broker doesn’t disclose other more direct contact information like company address while most brokers offer.