Forex.com vs Nexo
Forex.com Review 2023 | Nexo Review 2023 |
---|---|
![]()
4.5
Forex.com is #1 in our broker rankings. |
![]()
3.9
Nexo is #21 in our crypto broker rankings. |
![]() |
![]() |
Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they provide a huge range of markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders. |
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 | |
Active Trader Program With A 15% Reduction In Costs | Loyalty scheme with various bonuses, plus referral program |
Comment by Reviewer | |
"Forex.com is an excellent broker for forex traders with over 80 currency pairs, tight spreads, low commissions and powerful platforms. The brand is also heavily regulated while its parent company is listed on the NASDAQ, giving it a high trust score." | "Nexo is good for traders who want a straightforward way to access DeFi crypto markets and earn interest on their digital assets." |
Pros | |
|
|
Cons | |
|
|
Awards | |
|
|
Instruments | |
Forex, Spot Metals | Cryptos |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$100 | $10 |
Trading Platforms | |
|
|
Payment Methods | |
Debit Card, ACH Transfer, Wire Transfer | |
Minimum Trade | |
0.01 Lots | $30 |
Regulator | |
NFA, CFTC | ASIC, FCEN |
Margin Trading | |
Yes | No |
STP Account | |
Yes | No |
ECN Account | |
Yes | No |
DMA Account | |
Yes | No |
MAM Account | |
No | No |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
Yes | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
Yes | No |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | No |
Mobile Apps | |
iOS & Android | iOS & Android |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | |
Copy Trading | |
No | No |
Social Trading | |
No | No |
Trade Signals | |
SMART Signals | |
VPS Hosting | |
Yes | No |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$15 | |
Islamic Account | |
Yes | No |
Account Currencies | |
|
|
Stock Exchanges | |
Commodities | |
Forex Trading | |
Forex.com is a leading FX broker. The brand offers a wide range of currency pairs and some of the lowest fees in the industry. Spreads on the EUR/USD come in as low as 0.0 with a $7 commission per $100k. | Forex trading not offered |
Forex App | |
Running alongside the Advanced and WebTrader Platforms, the Forex.com mobile app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd. |
|
GBPUSD Spread | |
1.0 | |
EURUSD Spread | |
1.0 | |
EURGBP Spread | |
1.0 | |
Assets | |
80+ | |
Cryptocurrency | |
Crypto trading not offered | 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 | |
BTC 1.4%, ETH 2% | N/A |
Coins | |
|
|
Crypto Lending | |
No | Yes |
Crypto Mining | |
No | No |
Crypto Staking | |
No | Yes |
Auto Market Maker | |
No | No |
![]() |
![]() |
More Comparisons | |
Forex.com vs |
Nexo vs |