Connext

What Connext does

Connext is a privately held retail forex and CFD brokerage established in 2022, operating through two entities: Connext LTD, a Seychelles FSA-licensed Securities Dealer (license SD155, registration 8434071-1), and Connext LLC, registered in Saint Vincent and the Grenadines (business number 2652 LLC 2022). Under Group CEO Simon Andras, a former Tickmill executive, the company targets retail traders in Southeast Asia and Latin America (with services explicitly unavailable to US, Canada, Russia, and FATF high-risk jurisdictions) and offers access to 240+ tradable instruments across six asset classes — FX (38+ pairs), Precious Metals, Energies, Cryptocurrencies (8 pairs), Global Stocks (180+), and Indices.

The company's core technology is the MetaTrader 5 (MT5) platform, delivered across Windows, Mac, iOS, Android, and WebTrader, supplemented by a proprietary copy trading application (ConnextFX Trade) built on Pelican Trading infrastructure and supported by liquidity and technology partners Centroid and Brokeree. Product features include multi-account management (up to 10 MT5 accounts), a Signal Provider Program (requiring $500 minimum balance and 3-month history), segregated client accounts, negative balance protection, and a multi-tier Introducing Broker (IB) referral program. Supporting tools include an Educational Campus, daily technical analysis reports, a TradingView-powered economic calendar, and a margin/position calculator.

Connext generates revenue primarily through transaction-based fees: bid-ask spreads (from 0.6 pips on Ultra accounts, 1.2 pips on Standard), commissions ($6 per round lot per side on Ultra accounts), overnight swap/rollover charges, and a $5/month inactivity fee after 120 days of dormancy. The IB Program layers in volume-based revenue share with affiliates. Go-to-market is product-led growth via self-serve online account opening with $0 minimum deposit, complemented by channel-partner-driven acquisition through IBs and 24/7 multilingual customer support (English, Malay, Thai, Chinese, Lao, Spanish).

Name

Connext

Legal name

Connext LLC

Website

https://global.connextfx.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Connext is a retail forex and CFD broker founded in 2022, offering 240+ tradable instruments across FX, metals, energies, crypto, stocks, and indices via MetaTrader 5 and a proprietary copy trading app, primarily serving retail traders in Southeast Asia and Latin America.

Ownership category

akta.pro rank

Product category

Retail Forex & CFD Brokerage

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Commodity Contracts Intermediation (52316)

SIC

Commodity Contracts Brokers & Dealers (6221), Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

Retail FX/CFD Broker Trading Venues (FSAFADAD)

akta.pro secondary industries

Crypto Derivatives Exchanges (Futures, Options & Perpetuals) (FSADAAAD), Copy Trading, Social Trading & Automated Trading Platforms (FSADAAAK)

Keywords

• Retail forex brokerage
• CFD trading services
• Copy trading platform
• Multi-asset trading
• MetaTrader 5 broker

Headquarters

HQ city

Saint Vincent

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Marketing or Sales, Personnel, Infrastructure, Operations, Others

Revenue model

1. Spread-based revenue (Standard/No-swap accounts): Revenue generated from the bid-ask spread on all tradable instruments across Standard and No-swap account types. Spreads start from 0.6 pips on Ultra accounts and 1.2 pips on Standard accounts. No separate commission is charged on these account types.
2. Commission-based revenue (Ultra account): Charge of $6 per round lot (per side commission) on Ultra accounts. Ultra accounts offer tighter spreads from 0.6 pips compared to commission-free accounts.
3. Inactivity fees: Accounts inactive for more than 120 days are charged a $5 monthly inactivity fee. If balance is below $5, the account is archived automatically.
4. Swap/rollover charges: Interest payments charged when positions are held open overnight. Swap rates vary by instrument and trade direction (long/short). No-swap accounts are available for Islamic traders, with management fees charged after the first 5 trading days.
5. IB referral commissions: Revenue share with Introducing Brokers based on trading volume generated by referred clients. Commission structure is volume-based and transparent through the IB dashboard.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels11 records

Core offering

Connext is a retail online broker that provides leveraged CFD and forex trading access to more than 240 instruments across six asset classes (FX, precious metals, energies, cryptocurrencies, global stocks, and indices) via the MetaTrader 5 platform. It offers five account types (Micro, Ultra, Ultra Gold, No Swap, Standard) with leverage up to 1:2000, spreads from 0.6 pips, a $0 minimum deposit, negative balance protection, and a proprietary copy trading application for social/algorithmic strategy mirroring.

Product overview

Connext is a CFD and forex broker offering a unified multi-asset trading platform centered on MetaTrader 5 (MT5), supplemented by the ConnextFX Trade copy trading app, and supported by educational, analytical, and partnership tools. The core offering comprises over 240 tradable assets across forex, precious metals, energies, cryptocurrencies, global stocks, and indices, accessible through five account types (Micro, Ultra, Standard, No Swap, Ultra Gold) with leverage up to 1:2000. Ancillary modules include Technical Analysis & Market News, Economic News & Calendar, Trading Calculator, and the Educational Campus for trader development, plus an Introducing Broker Program for affiliate partnerships.

Differentiator

Problem solved

Functional benefit

Brands

• Connext Copytrading: A social trading platform allowing users to follow and copy strategies of top-performing traders.
• Connext Trade

Products and services

• MetaTrader 5 (MT5) Trading Platform Access Multi-asset CFD and forex trading platform delivering access to 240+ instruments across FX, precious metals, energies, cryptocurrencies, global stocks, and indices. Features 21 timeframes, Depth of Market, integrated economic calendar, Expert Advisors for algorithmic trading, hedging/netting modes, and cross-device access (Windows, Mac, iOS, Android, WebTrader).
• ConnextFX Trade Copy Trading App Proprietary social/copy trading application enabling users to follow and automatically mirror strategies of top-performing traders. Supports both copiers (followers) and signal providers (who can set custom performance fees and monetize their track record). Available on iOS App Store, Google Play, macOS, and Windows.
• Introducing Broker (IB) Program Partnership program that allows individuals and small businesses (forex traders, financial educators, influencers, website owners) to earn commissions based on referred clients' trading volume, with a multi-tier commission structure supporting sub-IB networks, a real-time tracking dashboard, custom marketing materials, and event sponsorship. No initial capital required to join.

Quantifiable outcome

• Execution speed of 2-3ms for minimal slippage
• +3 more outcomes

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• MetaTrader 5coreTechnology or IntegrationMetaTrader 5 (MT5) is the primary trading platform powering Connext's trading services. MT5 provides multi-asset trading capabilities including forex, commodities, indices, stocks, and cryptocurrencies with 21 timeframes, Depth of Market, algorithmic trading, and cross-device compatibility (Windows, Mac, iOS, Android, WebTrader).

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• XM (Trading Point of Financial Instruments): Large retail FX/CFD broker with MT4/MT5 access, copy-trading features, micro accounts, and broad asset coverage. Closely comparable to Connext's account-tier structure, $0 minimums, and emerging-market (SEA, LatAm, MENA) client focus.
• Tickmill: Global retail and institutional forex/CFD broker offering MT4/MT5 trading across FX, indices, commodities, bonds, and crypto CFDs. Directly comparable to Connext on multi-asset MT-platform offering, retail focus, and Connext's CEO Simon Andras is a former Tickmill executive.
• FBS: Retail FX/CFD broker heavily focused on emerging markets (SEA, LatAm, Africa) with high leverage, bonus-driven promotions, and copy trading. Closely comparable to Connext on emerging-market GTM, bonus/rebate acquisition strategy, and high-leverage positioning.
• HFM (HotForex): Multi-asset broker offering MT4/MT5 trading in FX, metals, energies, indices, shares, and crypto CFDs with HFcopy social trading. Comparable to Connext on multi-account structure, copy-trading feature, and broad emerging-market client base.
• IC Markets: ECN-focused retail and institutional FX/CFD broker on MT4/MT5/cTrader with tight spreads and Centroid-tier liquidity. Comparable to Connext on MT5-centric execution, multi-asset CFD coverage, and emphasis on low spreads / fast execution.
• Vantage: CFD broker offering MT4/MT5 trading across FX, indices, commodities, shares, and ETFs with copy trading via Vantage Copy Trading. Comparable to Connext on MT5-based platform, multi-asset CFD offering, and copy-trading product positioning.
• RoboForex: Retail FX/CFD broker offering MT4/MT5/RoboTrader platforms with CopyFX social trading and multi-account types. Comparable to Connext on social/copy-trading feature, retail CFD positioning, and high-leverage offerings.
• Exness: Retail FX/CFD broker offering MT4/MT5, high leverage, multi-account types, and copy/social trading. Highly comparable to Connext on retail positioning, leverage range, and emerging-market geographic concentration.
• Pepperstone: Multi-asset broker on MT4/MT5/cTrader/TradingView with strong FX, CFD, and copy-trading offerings. Comparable to Connext on retail CFD focus, MT5 platform, copy/social trading product, and pursuit of execution-quality differentiation.

Broad incumbents

• eToro: Global multi-asset social-investing platform with proprietary CopyTrader, broad asset coverage, and a much larger retail user base. Comparable to Connext as a broader incumbent whose social/copy-trading product and retail-CFD focus directly overlap with ConnextFX Trade.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@connextfx
• Facebookfacebook.com/connextfx
• LinkedInlinkedin.com/company/connextfx
• Instagraminstagram.com/connextfx

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Connext