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Next Coin Market Broker Review

Next Coin Market Broker Review
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Next Coin Market is an unlicensed cryptocurrency broker mainly targeting traders in the UK that has gained recent attention due to an official warning issued against them by the Financial Conduct Authority (FCA). According to the financial watchdog, Next Coin Market is falsely claiming to be authorized by the FCA and is scamming UK investors... Read more
Next Coin Market is an unlicensed cryptocurrency broker mainly targeting traders in the UK that has gained recent attention due to an official warning issued against them by the Financial Conduct Authority (FCA). According to the financial watchdog, Next Coin Market is falsely claiming to be authorized by the FCA and is scamming UK investors through get-rich-quick statements and the appeal of managed accounts. Our team at Fair Forex Brokers took a closer look at Next Coin Market to discover whether this crypto broker is in fact a scam or not. Read our full Next Coin Market review and final verdict to find out all you need to know.
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  1. Next Coin Market is an unlicensed cryptocurrency broker mainly targeting traders in the UK that has gained recent attention due to an official warning issued against them by the Financial Conduct Authority (FCA).

    According to the financial watchdog, Next Coin Market is falsely claiming to be authorized by the FCA and is scamming UK investors through get-rich-quick statements and the appeal of managed accounts.

    Our team at Fair Forex Brokers took a closer look at Next Coin Market to discover whether this crypto broker is in fact a scam or not. Read our full Next Coin Market review and final verdict to find out all you need to know.

  2. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

    Between 74-89 % of retail investor accounts lose money when trading CFDs
    Your capital is at risk
  3. Next Coin Market Special features

    Next Coin Market has three different account types available: bronze account, silver account and gold account. Now, the first thing you will notice is that the crypto broker requires a massive minimum deposit to open an account and begin trading. The minimum deposit to start trading with Next Coin Market is $1,000. This is the lowest deposit available if you want to trade with Next Coin Market. As you can imagine, this is an incredibly large amount to just make a start with a new broker, let alone entirely unlikely to be made by complete beginners.

    The most common amount usually required from most brokers is $250. If you choose to trade with IQ Option, the minimum deposit can be as low as $10!

    The second red flag we noticed with Next Coin Market is that there is no mention of the trading conditions each account offers, such as leverage, spread or even the minimum investment size. This shows lack of transparency on the crypto broker’s part and is extremely unprofessional.

    When looking through these accounts, you will also notice a 150% welcome bonus which is optional. Always make sure to carefully read the terms and conditions of each bonus before accepting it. An 150% bonus is huge – and definitely comes with certain strings attached which you should always be knowledgeable about. A common issue traders encounter with trading bonuses are impossible withdrawals.

    Take a look at each Next Coin Market account below (with the limited information we could find).

    Bronze Account

    • $1,000 – $10,000 min deposit
    • 150% welcome bonus (optional)
    • $5,000 max position size
    • Promotional incentive: elite signals + higher payouts

    Silver Account

    • $10,000 – $50,000 min deposit
    • 150% welcome bonus (optional)
    • $25,000 max position size
    • Promotional incentive: elite signals + higher payouts

    Gold Account

    • $50,000 – $100,000 min deposit
    • 150% welcome bonus (optional)
    • $75,000 max position size
    • Promotional incentive: elite signals + higher payouts
  4. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  5. Become an IQ Option trader today

    Join IQ Option and become a trading master! IQ Option is a world-famous regulated broker that takes your trading to the next level. It allows you to trade forex, crypto, stocks, options and much more on its award-winning platform. The best part? You can start trading with a minimum deposit of ONLY $10! Read our IQ Option review.

  6. Next Coin Market Trading software

    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.

    Next Coin Market platform

    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.

    Next Coin Market scam

  7. If you want to trade with an award-winning licensed broker, we recommended using IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  8. Next Coin Market Support information

    Traders can reach the Next Coin Market customer support team by the email [email protected] or phone number. There are three numbers provided on their website: for UK, Australia and China. Each number is listed below.

    • UK: +442033185045
    • AU: +61283173461
    • CH: +41445083158

     

    There is also an online contact form you can fill, but no live chat or FAQ that answers main questions traders may have. The website also appears to only be available in English.

  9. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  10. Next Coin Market Payment Methods

    Next Coin Market is owned and operated by the company Novomountain Ltd, based in Bulgaria. The address provided on the website is 28 Dzavaharlal Neru Str., entrance Silver Business Center Sofia, Bulgaria.

    The company accepts several payment methods, including credit card (Visa, MasterCard, Maestro, American Express), bank wire transfer, as well as cryptocurrency methods such as Bitpay, CryptoPay and Bitcoin deposits.

    Is Next Coin Market a Scam?

    Through our careful review and test of Next Coin Market, our team has concluded that Next Coin Market is not a trustworthy company. The crypto broker is unlicensed, with an incredibly vague website that only seems to promise high returns and managed accounts, which are both cases of potential scams. What’s more, the FCA itself has issued a warning against trading with Next Coin Market – so we cannot stress “stay away from this crypto broker” enough.

  11. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

    • FREE $10,000 demo account
    • Award-winning trading platform
    • Licensed and regulated broker

    Trade with an
    award-winning broker
    like IQ Option

     

     

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  12. Your capital is at risk
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