Connext Review 2025
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $10
- cTrader
- MetaTrader5
- FSA (Seychelles)
Our Evaluation of Connext
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Connext is a moderate-risk broker with the TU Overall Score of 5.52 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Connext clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Connext focuses on the Forex market and has a limited choice of other assets. It offers different account types, including a cent account, and charges low trading fees. However, it does not provide education to traders regardless of their experience and skills.
Brief Look at Connext
Connext is a Forex and CFD broker registered in St. Vincent and the Grenadines under the number 2652 LLC (2022). It is restricted in the U.S., UAE, Hong Kong, Singapore, and other jurisdictions deemed high-risk by the Financial Action Task Force (FATF). Connext offers CFD trading on over 60 currency pairs, indices, metals, energies, and cryptocurrencies through MetaTrader 5 and cTrader platforms.
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- Minimum deposit for all account types is $10;
- 60+ currency pairs are available;
- Cent and demo accounts are offered;
- MetaTrader 5 and cTrader platforms with support for active and automated trading;
- Leverage is up to 1:1,000 with negative balance protection;
- Different bonus offers that vary by region;
- Hedging, algorithmic trading, and copy trading are allowed.
- Regional restrictions apply;
- No education for novice traders, analytics, or trading calculators;
- CFDs on stocks and commodities, as well as ETFs and futures, are unavailable.
TU Expert Advice
Author, Financial Expert at Traders Union
Connext offers Forex and CFD trading with assets including currency pairs, indices, metals, energies, and cryptocurrencies on MetaTrader 5 and cTrader platforms. The company provides varied account types, including a cent account, with a low minimum deposit of $10 and leverage up to 1:1000. Traders benefit from low trading fees, floating spreads, and automated and copy trading options, supported by negative balance protection to limit financial risk.
However, Connext faces restrictions in certain high-risk regions, notably lacking educational resources and a comprehensive asset range, missing stocks and ETFs. The broker's regulation under the Seychelles FSA is Tier-3, offering limited security. Consequently, while competitive for experienced Forex traders seeking high leverage and low fees, Connext may not be suitable for novice traders needing robust educational support and diverse asset choices.
Connext Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | MetaTrader 5 (desktop and mobile) and cTrader (desktop, mobile, and WebTrader) |
|---|---|
| 📊 Accounts: | Demo, Micro, Ultra, Standard, and No Swap |
| 💰 Account currency: | USD |
| 💵 Deposit / Withdrawal: | Bank cards, e-wallets, bank transfers, and PayPal |
| 🚀 Minimum deposit: | $10 |
| ⚖️ Leverage: | Up to 1:1,000 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,1 pips |
| 🔧 Instruments: | Forex, cryptocurrencies, metals, energies, and indices |
| 💹 Margin Call / Stop Out: | 150%/100% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market |
| ⭐ Trading features: |
Cent account is available; No requirements to position holding time. |
| 🎁 Contests and bonuses: | First Deposit Bonus, Rebates, Rewards, and regional programs |
Connext offers various pricing models with a cent account for novice traders and a swap-free account for Muslim traders. Leverage varies depending on the asset and account balance. All retail traders can use advisors and hedging strategies. The broker offers floating spreads, market order execution, and no requotes.
Connext Key Parameters Evaluation
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Trading Account Opening
Only registered clients can access the user account. The registration procedure takes up to 2 minutes and is as follows:
Request the registration questionnaire by clicking the “Open a Real Account” button from any website page.
The first registration stage implies filling in the form with your email, nationality, and password. Next, follow the link from an email sent to you and log into your user account to provide additional personal information and pass verification.
Features of Connext’s user account that allow traders to:
Additional features of Connext’s user account:
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Trading account management;
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Deposits, withdrawals, and internal transfers;
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Comprehensive transaction history;
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Information on the IB program;
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FAQs on popular issues among novice traders;
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Customization of settings like passwords, interface language, etc.
Regulation and safety
Connext has a safety score of 3.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
Connext Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 FSA (Seychelles) |
Financial Services Authority of Seychelles | Seychelles | No specific fund | Tier-3 |
Connext Security Factors
| Foundation date | - |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Connext have been analyzed and rated as Low with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Connext with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Connext’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Connext Standard spreads
| Connext | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,6 | 0,5 | 0,1 |
| EUR/USD max, pips | 1,0 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,9 | 0,4 | 0,1 |
| GPB/USD max, pips | 1,5 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Connext RAW/ECN spreads
| Connext | Pepperstone | OANDA | |
| Commission ($ per lot) | 3,0 | 3 | 3,5 |
| EUR/USD avg spread | 0,1 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,2 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Connext. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Connext Non-Trading Fees
| Connext | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
Connext offers MT5 and cTrader account types that differ in trading fees. Yet, all account types have similar minimum deposit requirements, leverage, and maximum trade size. Traders are allowed to have up to 10 account types.
Account types:
Before opening a live account type, traders can try a demo mode to test the broker’s conditions, execution, and choice of trading instruments.
Connext offers accounts varying by conditions, which allows the broker to satisfy the trading needs of novice and experienced traders.
Deposit and withdrawal
Connext received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Connext provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Minimum deposit below industry average
- No withdrawal fee
- No deposit fee
- Bank wire transfers available
- Only major base currencies available
- Limited deposit and withdrawal flexibility, leading to higher costs
- USDT payments not accepted
What are Connext deposit and withdrawal options?
Connext provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, PayPal, Skrill, Neteller.
Connext Deposit and Withdrawal Methods vs Competitors
| Connext | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | Yes | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are Connext base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Connext supports the following base account currencies:
What are Connext's minimum deposit and withdrawal amounts?
The minimum deposit on Connext is $10, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Connext’s support team.
Markets and tradable assets
Connext offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 60 Forex pairs.
- Copy trading platform
- Crypto trading
- 60 supported currency pairs
- Limited asset selection
- No ETFs
Supported markets vs top competitors
We have compared the range of assets and markets supported by Connext with its competitors, making it easier for you to find the perfect fit.
| Connext | Plus500 | Pepperstone | |
| Currency pairs | 60 | 60 | 90 |
| Total tradable assets | 2800 | 1200 | |
| Stocks | No | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | No | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products Connext offers for beginner traders and investors who prefer not to engage in active trading.
| Connext | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
Technical support is available to registered clients and website guests via phone and email from 00:00 to 16:00 (GMT) Monday through Friday. Live chat is available 24/7.
Advantages
- 24/7 support via live chat
- Online responses are prompt
Disadvantages
- Limited availability of phone support
- No call-back option
The available communication channels are:
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Live chat on the website and in the user account;
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Phone;
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Email;
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Facebook.
Also, traders may visit the broker’s Dubai office.
Contacts
| Registration address | Connext LLC, Richmond Hill Road, P.O. Box 2897, Kingstown, Saint Vincent and the Grenadines |
|---|---|
| Regulation | FSA (Seychelles) |
| Official site | https://global.connextfx.com/ |
| Contacts |
+248 4377028
|
Education
While the Connext website offers clear descriptions of trading conditions, platforms, and financial instruments, educational materials are not available there.
Novice traders can gain practical trading skills on a free demo account with virtual funds.
Comparison of Connext with other Brokers
| Connext | Eightcap | XM Group | RoboForex | VT Markets | TeleTrade | |
| Trading platform |
cTrader, MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MetaTrader4, MetaTrader5, VT Markets App, Web Trader+ | MT4, MT5 |
| Min deposit | $10 | $100 | $5 | $10 | $50 | $10 |
| Leverage |
From 1:1 to 1:1000 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | Yes | No |
| Accrual of % on the balance | No | No | No | 10.00% | No | 1.00% |
| Spread | From 0.6 points | From 0 points | From 0.8 points | From 0 points | From 0 points | From 0.2 points |
| Level of margin call / stop out |
150% / 100% | 80% / 50% | 100% / 50% | 60% / 40% | No / 50% | 70% / 20% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | No | Yes |
Detailed Review of Connext
Connext regularly improves its trading conditions and adds new instruments. In July 2023, it changed margin requirements and limited leverage on high-risk assets. CFDs on indices were added in 2023 as well. Since the broker strives to meet the needs of both experienced and novice traders, it offers a range of account types with different conditions, including a demo account.
Connext by the numbers:
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28,700+ user accounts are registered on the broker’s website;
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60+ currency pairs are available;
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Support for 6 languages.
Connext is a broker offering dynamic leverage
Leverage available to Connext clients depends on two factors: the account balance and asset class. With lower capital, leverage increases. The maximum value of 1:1,000 is available for the balance up to $10,000. With $10,000-$20,000 on the balance, leverage is 1:500, while 1:200 is offered for $20,000-$30,000. Values up to 1:100 are provided for capital above $30,000.
Major and minor currency pairs can be traded with leverage ranging from 1:500 to 1:1,000. For exotic pairs and energy assets, the maximum leverage is 1:100, while for metals it's 1:200. Cryptocurrencies have a fixed leverage of 1:10, regardless of account balance. For instance, trading ZAR pairs is capped at 1:100 leverage, even with a balance exceeding $10,000 due to their classification as an exotic pair.
Useful services offered by Connext:
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Negative balance protection;
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Trading hours for Forex, commodities, cryptocurrencies, and metals;
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Broker’s news;
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Live chat;
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Demo account with a virtual deposit.
Advantages:
Bonus offers for new and existing clients;
Account types with various pricing models;
24/7 support via live chat;
IB partnership program;
Short and long positions for cryptocurrencies.
Connext strictly controls available leverage according to risk level, which, along with negative balance protection, helps traders limit financial losses.
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