As mentioned before, Next Coin Market is a cryptocurrency broker which means investors will be given the chance to trade CFDs exclusively in cryptocurrency assets like Bitcoin, Ethereum and Litecoin, among others.
The trading platform available is a simple web trader made by TradingView which can be accessed directly from the Next Coin Market website. This is an entirely web-based platform, which means no downloads or installations are needed – just a good internet connection.
Web traders are usually more simple, straightforward platforms with a user-friendly interface that can be easily understood by beginners in trading. The Next Coin Market web trader is no different, as you can see in the picture below.
Unfortunately, Next Coin Market does not have the MetaTrader4 (MT4) trading platform available. MT4 is the most popular forex, crypto and CFD trading platform online. Since Next Coin Market is an exclusively crypto broker, they chose a simple web trader instead.
Managed Account & Get-Rich-Quick Scam
A big problem with Next Coin Market that makes us believe this crypto broker is likely to be a scam, is their managed account “service”. Managed accounts are a scam service offered by fraudulent companies that claim “trading experts” will manage your account once you make your first deposit and start making you huge profit.
Next Coin Market claims that no prior knowledge is needed and all you need to do is deposit – the rest is up to them. This is a scam. Never trust another so-called “trading expert” with your account – they will likely appear to be making profit in the beginning, so to convince you to deposit more money and then disappear. Withdrawal issues are a classic problem when it comes to scam brokers.
As Next Coin Market confidently claims, “making money is now easier than ever”. Statements like this that promise huge profit, fast are to be avoided at all costs. All trading entails risk and there is no way to predict profits. Results highly depend on the market.