Terms & Conditions

1.1. In these Terms, unless the context requires otherwise, the following terms shall have the meanings set out below:

• "Account" means the trading account(s) opened and maintained by the Client with NextTrade for the purpose of executing Transactions.
• "Applicable Regulations" means the rules, regulations, guidelines, and legislation of the Financial Services Commission (FSC) of Mauritius and any other applicable regulatory authority, as amended from time to time.
• "Balance"means the total financial result in the Client's Account after the last completed Transaction and any deposit or withdrawal operations.
• "Base Currency" means the currency in which the Client's Account is denominated.
• "CFD" (Contract for Difference) means a derivative financial instrument that allows the Client to profit or incur losses from changes in the price of an Underlying Asset without owning the Underlying Asset itself.
• "Client" means any natural or legal person who has completed the account registration process and has been accepted by NextTrade as a client.
• "Client Funds" means all funds deposited by the Client into their Account, including any profits or losses from trading activity.
• "Company" or "NextTrade" means NextTrade Ltd, its successors, and assigns.
• "Equity" means the Balance plus or minus any unrealised profit or loss from open Transactions.
• "Free Margin" means the Equity minus the Margin required to maintain open positions.
• "Leverage" means the ratio of the Transaction size to the Margin required to open and maintain a position.
• "Margin"means the funds required in the Client's Account to open and maintain a leveraged position.
• "Margin Call" means a notification indicating that the Client's Equity has fallen below the required Margin level and additional funds may be needed.
• "Order" means an instruction from the Client to open or close a Transaction at a specified price or at the prevailing market price.
• "Platform" means the electronic trading platform(s) provided by NextTrade, including but not limited to MetaTrader 5 (MT5), and any other platforms made available from time to time.
• "Services" means all services provided by NextTrade, including but not limited to trading services, account management, and access to the Platform.
• "Spread" means the difference between the Bid (sell) price and the Ask (buy) price of an instrument at any given time.
• "Stop-Out"means the automatic closure of one or more of the Client's open positions when the Margin Level falls to or below the Stop-Out level set by NextTrade.
• "Swap" means the interest charged or earned for holding a position overnight (also known as a rollover fee).
• "Transaction" means any trade executed through the Client's Account on the Platform.
• "Underlying Asset" means the financial instrument (such as a currency pair, commodity, index, or share) on which a CFD is based.

1.2. Words importing the singular include the plural and vice versa. Words importing any gender include all genders. References to "including" or "includes" shall be construed without limitation.

1.3. Headings in these Terms are for convenience only and shall not affect the interpretation of this Agreement.

2.1. To open an Account and use NextTrade's Services, you must:

• Be at least 18 years of age (or the age of legal majority in your jurisdiction, whichever is greater);
• Not be a resident or citizen of the United States of America, or any other restricted jurisdiction as determined by NextTrade from time to time;
• Not be a Politically Exposed Person (PEP) who has not been disclosed as such during the application process;
• Have the legal capacity and authority to enter into this Agreement;
• Not be subject to any sanctions imposed by the United Nations, European Union, United States (OFAC), or any other relevant sanctions authority;
• Provide accurate, current, and complete information during the registration process.

2.2. NextTrade reserves the right to refuse to open an Account for any person, at its sole discretion, without providing reasons. We may also close any Account that we discover was opened in violation of these eligibility requirements.

2.3. As part of the account opening process, and on an ongoing basis, you are required to provide valid identification documents and proof of address in accordance with our Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures. These may include, but are not limited to:

• A valid government-issued photo identification document (passport, national ID card, or driving licence);
• Proof of residential address dated within the last three (3) months (utility bill, bank statement, or government correspondence);
• Proof of the source of funds where required by Applicable Regulations;
• Any additional documentation as may be reasonably requested by NextTrade.

2.4. You agree to promptly update your personal information if any changes occur. Failure to maintain accurate and current information may result in restrictions on your Account or termination of Services.

2.5. NextTrade may, at its discretion, limit certain Services, features, or Account types based on your jurisdiction of residence, regulatory requirements, or the outcome of our suitability and appropriateness assessment.

2.6. You are solely responsible for ensuring that your use of NextTrade's Services complies with the laws and regulations applicable to you in your jurisdiction of residence.

3.1. NextTrade offers various Account types, the details and conditions of which are described on our website. The Company reserves the right to modify, add, or discontinue Account types at any time with reasonable notice.

3.2. Each Client may hold multiple Accounts, subject to NextTrade's approval. All Accounts are personal to the Client, and the Client shall not allow any third party to use their Account(s) unless explicitly authorised in writing by NextTrade.

3.3. You are responsible for maintaining the confidentiality of your Account credentials (username, password, and any two-factor authentication codes). Any Transactions executed using your credentials shall be deemed to have been authorised by you.

3.4. If you suspect any unauthorised access to your Account, you must notify NextTrade immediately at support@nexttrade.com. We shall not be liable for any losses arising from unauthorised access where the Client has failed to safeguard their credentials.

3.5. NextTrade reserves the right to suspend or restrict access to your Account at any time if we reasonably believe that: (a) there has been unauthorised access; (b) there is suspicious or fraudulent activity; (c) you have breached these Terms; or (d) it is required by Applicable Regulations.

3.6. Dormant Accounts (Accounts with no trading activity for a continuous period of 6 months) may be subject to a dormancy fee as specified in our fee schedule. NextTrade will attempt to notify you before applying such fees.

4.1. NextTrade provides execution-only services. Unless otherwise expressly agreed, we do not provide investment advice, trading recommendations, or portfolio management services. Any market analysis, commentary, or educational material provided by NextTrade is for informational purposes only and does not constitute investment advice.

4.2. All Orders are executed on the Platform in accordance with NextTrade's Order Execution Policy, which is available on our website. By placing an Order, you acknowledge that:

• Market Orders are executed at the best available price at the time of execution, which may differ from the price displayed at the time the Order was placed (slippage);
• Pending Orders (Limit Orders, Stop Orders, Stop-Limit Orders) are executed when the market reaches the specified price level, subject to available liquidity and market conditions;
• Slippage may occur during periods of high volatility, low liquidity, or at market open. Slippage may be positive (in your favour) or negative (against your position);
• Market Gaps — the market price may gap through pending order levels, particularly over weekends, holidays, or during major economic events. In such cases, your Order may be executed at the first available price after the gap;
• Requotes may occur in rapidly moving markets. If the requested price is no longer available, you will be offered the current market price, which you may accept or reject.

4.3. NextTrade strives to execute all Orders promptly and at the best available price. However, we do not guarantee execution at any specific price, time, or volume, particularly during periods of extreme market volatility, illiquidity, or technical disruption.

4.4. NextTrade reserves the right to set minimum and maximum transaction sizes, adjust Leverage levels, modify Spreads, and change trading hours for any instrument, with or without prior notice, as market conditions or regulatory requirements dictate.

4.5. The Company may, at its sole discretion, cancel or amend any Transaction that was executed at an erroneous price (off-market quote), resulted from a system error, or was placed in circumstances that the Company reasonably considers constituting market abuse, arbitrage exploitation, or manipulation.

4.6. Trading hours for each instrument are published on our website and within the Platform. NextTrade is not liable for any losses arising from the Client's inability to trade outside of published trading hours.

4.7. Swap rates (overnight financing charges) apply to positions held open past the daily rollover time. Swap rates are variable and are published on the Platform. Triple swap charges typically apply on Wednesdays (or Fridays for certain instruments) to account for weekend financing.

5.1. Deposits may be made via the methods available on the NextTrade website or Client Portal, which may include but are not limited to: bank wire transfers, credit/debit cards, electronic wallets, and cryptocurrency transfers. The availability of deposit methods may vary by jurisdiction.

5.2. The minimum deposit amount is as specified on our website for each Account type. NextTrade reserves the right to modify minimum deposit requirements at any time.

5.3. Deposits must originate from accounts or payment methods held in the Client's own name. Third-party deposits are not accepted unless explicitly authorised by NextTrade in exceptional circumstances and in compliance with AML regulations.

5.4. Deposits are typically credited to your Account within the following timeframes: (a) credit/debit cards and electronic wallets: instantly or within a few minutes; (b) bank wire transfers: within 1-5 business days; (c) cryptocurrency transfers: upon the required number of network confirmations. Processing times may vary and NextTrade is not responsible for delays caused by third-party payment processors or banking institutions.

5.5. Withdrawal requests must be submitted through the Client Portal. Withdrawals will be processed to the same payment method used for the original deposit, where possible, in compliance with AML regulations (the "return to source" policy). Any profits exceeding the deposit amount may be withdrawn to a bank account in the Client's name.

5.6. NextTrade aims to process withdrawal requests within 1 business day of receipt. However, additional verification may be required, which could extend processing times. Actual receipt of funds depends on the processing times of the payment provider and/or banking institution.

5.7. NextTrade may charge fees for certain deposit or withdrawal methods as detailed in our fee schedule on the website. Where fees are applied by third-party payment processors, these are borne by the Client.

5.8. NextTrade reserves the right to refuse or delay any deposit or withdrawal if: (a) we suspect fraudulent activity; (b) the transaction does not comply with AML/KYC requirements; (c) you have outstanding obligations to the Company; or (d) it is required by any applicable law, regulation, or court order.

5.9. For cryptocurrency deposits: the Client is solely responsible for ensuring the correct blockchain network and wallet address are used. NextTrade shall not be liable for any loss of funds resulting from deposits made to incorrect addresses or via unsupported networks.

6.1. NextTrade offers leveraged trading. Leverage amplifies both potential profits and potential losses. The maximum Leverage available depends on the instrument traded, the Client's Account type, regulatory requirements, and any Leverage restrictions applied by NextTrade.

6.2. You must maintain sufficient Margin in your Account to keep open positions. Margin requirements are published on our website and within the Platform and may be changed by NextTrade at any time, with or without notice.

6.3. Margin Call: When your Account Equity falls to or below 100% of the required Margin (the Margin Call level), you will receive a Margin Call notification. A Margin Call is an alert only and does not obligate NextTrade to prevent further losses.

6.4. Stop-Out: When your Account Equity falls to or below 50% of the required Margin (the Stop-Out level), NextTrade will automatically begin closing your open positions, starting with the position incurring the largest loss, until the Margin Level is restored above the Stop-Out level. You acknowledge that Stop-Out may not prevent your Account from entering a negative balance in extreme market conditions.

6.5. Negative Balance Protection: NextTrade provides Negative Balance Protection for eligible retail clients. This means that your maximum loss from trading is limited to the funds deposited in your Account. Negative Balance Protection does not apply to professional or institutional clients, or where the negative balance results from fraudulent activity, system abuse, or violation of these Terms.

6.6. NextTrade reserves the right to change Leverage levels, Margin requirements, and Stop-Out levels at any time, particularly in response to market volatility, significant economic events, or regulatory requirements. We will endeavour to provide reasonable notice of such changes, but they may take effect immediately where necessary to protect the interests of the Company and its clients.

6.7. You are solely responsible for monitoring your Account, Margin levels, and open positions. NextTrade provides tools and notifications as a courtesy but does not guarantee the delivery or timeliness of any notification.

7.1. NextTrade's fees and charges include, but may not be limited to: Spreads, commissions, Swap (overnight financing) charges, currency conversion fees, deposit and withdrawal fees, and Account dormancy fees. Full details are available in our fee schedule on the website.

7.2. Spreads may be fixed or variable depending on the Account type and instrument. Variable Spreads may widen significantly during periods of low liquidity or high volatility.

7.3. NextTrade reserves the right to modify its fee schedule at any time. Changes will be published on the website and/or the Platform. Continued use of the Services after publication of fee changes constitutes acceptance of the revised fees.

7.4. You are responsible for any taxes, duties, or levies applicable to your trading activities. NextTrade does not provide tax advice and recommends that you seek independent tax counsel.

8.1. Client Funds are held in segregated bank accounts, separate from NextTrade's own funds, in accordance with Applicable Regulations. Segregation of Client Funds does not provide absolute protection in the event of the insolvency of the bank holding such funds.

8.2. Client Funds may be held with third-party banking institutions in the Republic of Mauritius. NextTrade exercises reasonable care in the selection of such institutions but accepts no liability for the solvency, acts, or omissions of any third-party bank.

8.3. NextTrade does not pay interest on Client Funds unless otherwise specified for certain Account types.

8.4. NextTrade may invest Client Funds in qualifying money market instruments or government securities in accordance with Applicable Regulations, and any interest or returns earned may be retained by the Company.

9.1. All intellectual property rights in the Platform, website, trading tools, educational materials, market analysis, logos, trademarks, and all other content provided by NextTrade are and shall remain the exclusive property of NextTrade or its licensors.

9.2. You are granted a limited, non-exclusive, non-transferable, revocable licence to access and use the Platform and related materials solely for the purpose of trading through your Account. This licence does not permit you to:

• Copy, modify, distribute, or create derivative works based on any NextTrade content;
• Reverse engineer, decompile, or disassemble any software provided by NextTrade;
• Use any data mining, scraping, or automated data collection tools on the Platform or website;
• Sublicence, sell, or commercially exploit any NextTrade content or services;
• Remove or alter any proprietary notices, labels, or marks.

9.3. Any feedback, suggestions, or ideas provided by the Client to NextTrade regarding the Services or Platform may be used by NextTrade without any obligation of compensation, attribution, or confidentiality.

10.1. The Client shall not:

• Engage in any form of market manipulation, insider trading, or abusive trading strategies;
• Exploit system errors, latency, or off-market quotes for profit (latency arbitrage);
• Use the Platform in conjunction with any third-party software designed to exploit pricing inefficiencies;
• Open multiple Accounts to circumvent trading limits, promotional terms, or risk management controls;
• Use the Services for money laundering, terrorist financing, or any other illegal purpose;
• Impersonate any other person or entity in relation to the Services;
• Interfere with or disrupt the integrity or performance of the Platform or its underlying infrastructure;
• Attempt to gain unauthorised access to any systems, accounts, or data belonging to NextTrade or other clients.

10.2. If NextTrade determines, at its sole discretion, that a Client has engaged in prohibited activities, we reserve the right to: (a) void or cancel any affected Transactions; (b) confiscate any profits derived from prohibited activities; (c) restrict, suspend, or terminate the Client's Account; and/or (d) take any legal action deemed necessary.

11.1. To the maximum extent permitted by applicable law, NextTrade shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, loss of data, loss of business opportunities, or loss of goodwill, arising out of or in connection with the use of or inability to use the Services.

11.2. NextTrade shall not be liable for any losses arising from:

• Market movements, including rapid price changes, gaps, and volatility;
• Delays or failures in order execution caused by market conditions, system limitations, or connectivity issues;
• Errors in market data, price feeds, or information provided on the Platform or website;
• Actions taken by third parties, including payment processors, banks, liquidity providers, and regulatory authorities;
• Technical failures, interruptions, or unavailability of the Platform, internet, or telecommunications networks;
• The Client's failure to maintain adequate Margin or monitor their Account;
• Force majeure events (as defined in Section 14).

11.3. In any event, NextTrade's total aggregate liability under this Agreement shall not exceed the amount of fees and commissions paid by the Client to NextTrade during the twelve (12) months preceding the event giving rise to the claim.

11.4. Nothing in these Terms shall exclude or limit NextTrade's liability for death or personal injury caused by negligence, fraud, or any other liability that cannot be excluded or limited by applicable law.

12.1. You agree to indemnify, defend, and hold harmless NextTrade, its directors, officers, employees, agents, and affiliates from and against any and all claims, losses, damages, liabilities, costs, and expenses (including reasonable legal fees) arising out of or related to: (a) your use of the Services; (b) your breach of these Terms; (c) your violation of any applicable law or regulation; or (d) any inaccuracy in information or documentation provided by you.

13.1. Either party may terminate this Agreement at any time by providing written notice to the other party. The Client may close their Account by submitting a closure request through the Client Portal or by contacting customer support.

13.2. NextTrade may terminate this Agreement and close your Account immediately and without prior notice if: (a) you breach any material provision of these Terms; (b) you are found to have engaged in prohibited activities; (c) you become insolvent, bankrupt, or subject to similar proceedings; (d) it is required by Applicable Regulations or a competent authority; or (e) continued provision of Services poses a risk to the Company.

13.3. Upon termination: (a) all open positions will be closed at prevailing market prices; (b) any outstanding fees, commissions, or charges will be deducted from your Account balance; (c) any remaining funds in your Account will be returned to you via your original deposit method, subject to AML requirements; (d) your access to the Platform will be revoked.

13.4. Termination does not affect any rights or obligations that have accrued prior to termination. Sections relating to Limitation of Liability, Indemnification, Intellectual Property, Governing Law, and Dispute Resolution shall survive termination.

14.1. NextTrade shall not be liable for any failure or delay in the performance of its obligations under this Agreement to the extent that such failure or delay is caused by a Force Majeure event, including but not limited to: acts of God, natural disasters, pandemics, war, terrorism, civil unrest, government actions, sanctions, embargoes, changes in applicable law or regulation, power failures, internet or telecommunications outages, cyberattacks, exchange or market closures, suspension of trading by a regulatory authority, or any other event beyond NextTrade's reasonable control.

14.2. During a Force Majeure event, NextTrade may take any action it deems reasonable, including but not limited to: suspending or restricting access to the Platform, closing or adjusting open positions, changing Margin requirements, or modifying trading conditions.

15.1. If you have a complaint regarding NextTrade's Services, please submit it in writing to our Compliance Department at compliance@nexttrade.com. We will acknowledge receipt of your complaint within 5 business days.

15.2. NextTrade will investigate your complaint thoroughly and provide a final response within 30 business days of receipt. If further time is required, we will inform you of the reason for the delay and provide an estimated timeframe for resolution.

15.3. If you are not satisfied with the resolution of your complaint, you may refer the matter to the Financial Services Commission (FSC) of Mauritius, the relevant external dispute resolution body.

15.4. This Agreement is governed by and shall be construed in accordance with the laws of the Republic of Mauritius. Any disputes arising out of or in connection with this Agreement shall be submitted to the exclusive jurisdiction of the courts of the Republic of Mauritius.

15.5. Notwithstanding the foregoing, NextTrade reserves the right to commence proceedings in any jurisdiction where the Client resides or has assets, as may be necessary to enforce its rights under this Agreement.

16.1. NextTrade may communicate with you via email, telephone, SMS, push notifications, or through the Platform and Client Portal. You consent to receiving electronic communications from us, including but not limited to: account notifications, Margin alerts, trading confirmations, regulatory updates, and marketing communications (subject to your consent preferences).

16.2. You agree that electronic communications satisfy any legal requirement for communications to be in writing. Notices sent by email shall be deemed received at the time of transmission.

16.3. It is your responsibility to ensure that your contact information on file with NextTrade is accurate and up to date. NextTrade shall not be liable for any failure to receive communications due to incorrect or outdated contact information.

17.1. NextTrade reserves the right to amend, modify, or supplement these Terms at any time. Material changes will be notified to you via email and/or published on the website with a minimum of 14 calendar days' notice before taking effect, unless immediate changes are required by regulatory authorities or market conditions.

17.2. Your continued use of the Services after the effective date of any amendments constitutes your acceptance of the revised Terms. If you do not agree with the amended Terms, you must cease using the Services and close your Account.

17.3. It is your responsibility to review these Terms periodically. The current version of the Terms is always available on our website at nexttrade.com/legal/terms.

18.1. Entire Agreement. These Terms, together with the Privacy Policy, Risk Disclosure Statement, Cookie Policy, and any supplementary agreements, constitute the entire agreement between you and NextTrade and supersede all prior agreements, understandings, and representations.

18.2. Severability. If any provision of these Terms is found to be invalid, illegal, or unenforceable by a court of competent jurisdiction, such provision shall be severed, and the remaining provisions shall continue in full force and effect.

18.3. Waiver. No failure or delay by NextTrade in exercising any right, power, or remedy under these Terms shall constitute a waiver of that right, power, or remedy.

18.4. Assignment.You may not assign or transfer your rights or obligations under this Agreement without NextTrade's prior written consent. NextTrade may assign or transfer this Agreement, in whole or in part, to any affiliate or successor entity, provided that such assignment does not materially diminish your rights under these Terms.

18.5. Language. These Terms are drafted in English. In the event of any discrepancy between the English version and any translation, the English version shall prevail.

18.6. Third-Party Rights. Nothing in this Agreement is intended to confer any rights on any third party, and no third party shall have the right to enforce any provision of these Terms.

19.1. If you have any questions about these Terms and Conditions, please contact us: