TradeNext Review

TradeNext Review
Written by Andy

TradeNext is headquartered in London, and is an execution only broker that offers online trading in Forex, precious metals, spread betting, and contracts for difference (CFDs). It was founded in 2010, and achieved Financial Conduct Authority (FCA) registration in January 2012.

Despite its comparatively recent founding, TradeNext has expanded rapidly and achieved many awards, including Best New Forex Broker 2013, Best Financial Services Provider 2014, and Best New Company at the City of London Wealth Management Awards.

TradeNext offers two types of accounts, with tax-free spread betting available for UK residents, and Contracts for Difference operating for overseas clients. Both types of accounts offer leveraged trading, so come with the usual caution that you may lose more than your initial deposit, but with of course the possibility of higher gains.

The education package included on the website is basic, starting with an overview of the markets and how they work, with such basics as how CFDs avoid stamp duty. It then goes on to offer access to webinars and seminars, and includes a trading glossary, but if you want to know much about the strategies and tactics of trading, it would be best to seek information elsewhere.

However, for someone who has a knowledge of trading, TradeNext offers a selection of account sizes, and varying spreads. The Micro account can be opened with as little as £100, and offers leverage up to 1:300. The Standard account needs an opening deposit of £500, with leverage of 1:200, and the Premium account requires £5000 on deposit and gives a leverage of 1:100. With the Premium account, spreads can be as little as 0.7 and there is no limit on the maximum lot size. The other accounts have higher spreads and limited sizes.


You have a choice of trading platforms with TradeNext, regardless of your account. You can have the perennial favourite of MetaTrader 4, the choice of many for Forex trading, or you can try FlexStation, a more modern software package.

MetaTrader 4 is a popular and comfortable software platform for many Forex traders, and has a massive following, which means that you are easily able to find indicators and EA’s (Expert Advisors) with which to customize it. In fact, TradeNext offers several MetaTrader enhancements on its website. However, there is no sign that TradeNext will offer MetaTrader 5 in the near future, so if that is important to you, you will need to look elsewhere.

FlexStation was launched a couple of years ago, and is a social trading platform for Forex trading. If you’re not familiar with the concept, social trading allows you to follow other, presumably more expert, traders, and copy their trades in your account. Of course, this does not guarantee that you will win all your trades, but it may give you a better chance and in any case will teach you something about what more experienced traders do.

But FlexStation is much more than simply a copying social trading platform. It is modern and effective in its own right, and allows trading on any device. You can trade directly from the charts, and it is all connected to the cloud so that all your settings are saved, no matter what device you are using.


There are 99 different financial instruments you can trade with TradeNext, and these are available on each of the accounts types. These include major, minor and exotic currency pairs, and some indices and commodities.

In this respect, TradeNext offers a respectable number of markets, and more than several other such brokers.


  • regulated by the FCA
  • low initial deposit
  • industry-standard MetaTrader 4 platform
  • FlexStation social trading platform


  • MetaTrader 5 not available

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