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Coinexx vs Nexo

Coinexx vs Nexo Comparison Table 2023
Coinexx Review 2023 Nexo Review 2023
Review
2.5

Coinexx is #8 in our CFD broker rankings.

Review
3.9

Nexo is #21 in our crypto broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US accepted

Coinexx is an unregulated broker that provides leverage up to 1:500 on forex, commodities, indices and cryptocurrencies with deep liquidity, pure ECN spreads and negative balance protection. The broker uses crypto as base currencies and has low minimum deposit requirements of 0.001 BTC.

Nexo is a crypto trading platform that also acts as a gateway to DeFi crypto functions such as staking, borrowing and lending. The platform supports 60+ crypto tokens, which can be purchased with a fiat on-ramp and traded in 500+ market pairs. The exchange operates a zero-fee policy allowing a set number of completely free withdrawals per month and fee-free trading.

Bonus Offer
100% Deposit Welcome Bonus Loyalty scheme with various bonuses, plus referral program
Comment by Reviewer
"Traders seeking highly leveraged CFDs with a broker that uses crypto as a base account currency will find a good match in Coinexx. The ECN model also offer tight spreads from 0 pips. On the downside, traders should note the weak regulatory oversight." "Nexo is good for traders who want a straightforward way to access DeFi crypto markets and earn interest on their digital assets."
Pros
  • ECN execution model with tight spreads from 0 pips
  • Demo account available to prospective traders
  • Full range of investments including cryptos
  • MetaTrader 4 and MetaTrader 5 integration
  • 100% deposit bonus for new clients
  • Very high leverage up to 1:500
  • Free VPS for active traders
  • Convenient way to buy, stake, lend and borrow crypto through one platform
  • Allows users to borrow against their crypto holdings
  • 2 factor authentication for added security
  • Advanced Nexo Pro trading platform
  • Referral program with $25 in BTC
  • Very affordable pricing structure
  • High-yield interest savings
  • OTC trading capabilities
  • Audited by Armanino
  • Earn NEXO tokens
Cons
  • No fiat account funding options - crypto only
  • Limited educational materials for new traders
  • No copy trading service for aspiring investors
  • No regulatory oversight reduces safety
  • Restrictions on using the native tokens for New York and Vermont US residents
  • High collateral requirement of 200% of the amount you wish to loan
  • Relatively small selection of crypto tokens which misses newer altcoins
  • Native tokens are required for maximum interest rates
  • Limited free cryptocurrency withdrawals
  • No crypto derivative trading
Instruments
Forex, Commodities, Indices, Cryptocurrencies Cryptos
Demo Account
Yes Yes
Minimum Deposit
0.001 BTC $10
Trading Platforms
  • MT4
  • MT5
  • Own
Payment Methods
Minimum Trade
0.01 Lots $30
Regulator
ASIC, FCEN
Margin Trading
Yes No
STP Account
No No
ECN Account
Yes No
DMA Account
Yes No
MAM Account
Yes No
PAMM Account
Yes No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
MetaTrader
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
Stock Exchanges
Commodities
CFD Trading
Trade flexible CFDs on forex, commodities, indices and cryptos with tight spreads, fast execution, micro-lot trading and leverage up to 1:500. There are also no restrictions on day trading strategies. CFD trading not offered
Leverage
1:500
FTSE Spread
From 0.0 pips
GBPUSD Spread
From 0.0 pips
Oil Spread
From 0.0 pips
Stocks Spread
NA
Forex Trading
Trade 70 major, minor and exotic forex pairs with ultra-low ECN spreads and fast execution via the MT4 or MT5 platforms. There are also zero SL/TP limits and automated forex trading is well catered for. Forex trading not offered
GBPUSD Spread
From 0.0 pips
EURUSD Spread
From 0.0 pips
EURGBP Spread
From 0.0 pips
Assets
60+
Cryptocurrency
Trade CFDs on BTC, ETH, LTC and XRP with 1:5 leverage, market execution and 0.01 micro lot trading. However, we weren't impressed with the narrow choice of cryptos with no emerging, smaller-cap tokens available. Nexo traders can buy and sell 60+ cryptocurrencies using fiat, or trade between 500+ market pairs. The app functions as a crypto wallet, meaning that clients will own their own tokens but Nexo will have custody of them. Crypto assets can be transferred from the Nexo wallet. Fees are low and user security is high.
Spread
From 0.0 pips N/A
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • BTC
  • ETH
  • NEXO
  • USDT
  • USDC
  • AXS
  • RUNE
  • MATIC
  • DOT
  • APE
  • AVAX
  • KSM
  • ATOM
  • FTM
  • NEAR
  • BNB
  • ADA
  • SOL
  • XRP
  • LTC
  • LINK
  • BCH
  • TRX
  • XLM
  • EOS
  • PAXG
  • UNI
  • DOGE
  • MANA
  • SAND
  • GALA
  • SUSHI
  • AAVE
  • CRV
  • MKR
  • 1INCH
  • DAI
  • USDP
  • TUSD
Crypto Lending
No Yes
Crypto Mining
No No
Crypto Staking
No Yes
Auto Market Maker
No No
Review
Review
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