Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Connext Pros & Cons
- 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.
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.
TU Expert Verdict
Connext carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
Top-5 Brokers Traders Prefer
Connext User Reviews
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5-star
33%
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4-star
0%
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3-star
67%
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2-star
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1-star
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria8 /10The trading and non-trading commissions of Connext have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, 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 OANDA FOREX.com EUR/USD min, pips 0.6 0.1 0.7 EUR/USD max, pips 1.0 0.5 1.2 GPB/USD min, pips 0.9 0.1 0.9 GPB/USD max, pips 1.5 0.5 1.4 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 OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3.0 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.2 0.2 0.4 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 OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is Connext Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria3.7 /10Connext 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) Full Name Financial Services Authority of Seychelles Country of regulation Seychelles Investor Protection Fund No specific fund Regulation Level Tier-3 Connext Security Factors Foundation date - Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.5.7 /10Connext offers the following account options: Demo, Standard, ECN/Raw spread, Micro, Swap Free.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Demo account
- Tight spread ECN account
- Low minimum deposit
- No Cent account
- No VIP account option
Connext account types vs top competitors Connext Trading.com Plus500 Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro YesNoNoSwap Free YesNoNoVIP NoNoNoManaged NoNoNoConnext accounts trading conditions
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:
Account Type Description Micro This is a cent account type with spreads starting from 0 pips, a $0.06 commission per lot, and swaps. It is designed for trading major and minor currency pairs, metals, and energies. Ultra Spreads start from 0 pips and a commission per lot is $6. Swaps apply here. Standard Spreads are from 0.6 pips and there is no commission per lot. Swaps apply. No Swap This is a swap-free account type for Muslim traders. Spreads start from 0.4 pips and a commission per lot is $4. 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.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6 /10Connext 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.
- Bank wire transfers available
- No deposit fee
- Bank card deposits and withdrawals
- No withdrawal fee
- Only major base currencies available
- Wise not supported
- Limited deposit and withdrawal flexibility, leading to higher costs
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 Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal YesNoYesWise NoNoNoBTC NoNoNoWhat are Connext base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Connext supports the following base account currencies: USD.
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.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria4.8 /10Connext offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 60 Forex pairs.
- 60 supported currency pairs
- Copy trading platform
- Crypto trading
- Futures not available
- Bonds not available
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 Trading.com Plus500 Currency pairs 60 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 69 2800 Stocks NoNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesNoYesStock indices NoNoYesOptions NoNoYesInvestment 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 Trading.com Plus500 Bonds NoNoNoETFs NoNoYesCopy trading YesNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at Connext by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10We successfully registered an account with Connext in 7 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at Connext is $10. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Quick KYC verification (1 business day or less)
- Fast registration time (up to 15 minutes)
- Low minimum deposit requirement
- Account setup process may feel less convenient for beginners
Connext account opening Connext Trading.com Plus500 Online Registration YesYesYesMinimum deposit $10 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 7 20 KYC time (days) 1 2 3 Is Connext available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
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:
- Pass verification. Scanned copies of a passport and a document confirming residence address are uploaded here..
- Open main and up to 9 additional trading accounts..
Additional features of Connext’s user account:
- Trading account management;
- Deposits, withdrawals, and internal transfers;
- Comprehensive transaction history;
- Information on the IB program;
- FAQs on popular issues among novice traders;
- Customization of settings like passwords, interface language, etc.
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Customer Support
Score:We evaluated Customer Support at Connext by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria4.2 /10The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.
In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.
InformationTechnical 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.
- 24/7 support via live chat
- Online responses are prompt
- Limited availability of phone support
- No call-back option
The available communication channels are:
- Live chat on the website and in the user account;
- Phone;
- Email;
- 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 support@connextfx.com +248 4377028
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FAQs
How are Connext trading commissions and non-trading fees structured?
Connext is assessed as having low overall fees, with a commissions and fees score of 8/10. Standard accounts include trading costs in floating spreads (for example, EUR/USD typically ranges from 0.6 to 1.0 pips), while RAW/ECN accounts combine tight average spreads (around 0.1–0.2 pips on major pairs) with a $3.0 commission per lot. Non-trading fees are limited, as the review notes no deposit, withdrawal, or inactivity fees.
What account types and trading conditions does Connext provide?
Connext offers Demo, Standard, ECN/Raw spread, Micro, and Swap Free accounts, but does not provide Cent, VIP, or managed accounts according to the review. The described live account types include Micro, Ultra, Standard, and No Swap, which differ mainly by spreads and per-lot commissions, while minimum deposit, leverage, and maximum trade size are stated to be similar across accounts. The review also notes that traders can open up to 10 account types and test conditions first using a demo account.
What do Connext user reviews and feedback say about overall satisfaction?
The user satisfaction score for Connext is 7.3/10, based on 3 user reviews. According to user reviews, 33% are 5-star and 67% are 3-star, with no 1- or 2-star ratings, which indicates a generally mixed but not strongly negative experience in the available feedback.
How do deposits and withdrawals work at Connext, based on user feedback and review data?
Connext receives a medium safety score of 6/10 for its deposit and withdrawal processes and is described as offering a reasonable range of methods, including bank cards, bank wire, PayPal, Skrill, and Neteller. The review notes a minimum deposit and withdrawal of $10, no withdrawal fee, and a minimum deposit below the industry average, but also mentions limited flexibility in funding options, with Wise and BTC not supported. Any further user feedback on processing speed or reliability is not specified in this section.
What markets and tradable assets are available with Connext, and how do reviews describe this range?
Connext is reported to offer a limited overall asset selection, with 60 currency pairs, crypto trading, and commodity futures, but no stocks, stock indices, options, bonds, ETFs, PAMM, or managed accounts. The review also highlights the availability of copy trading as an investment option, while noting that the total number of supported assets is lower than the market average.
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