FTX vs Nexo

FTX vs Nexo Comparison Table 2023
FTX	Nexo
Review Not Yet Rated FTX is #33 in our broker rankings. FTX and FTX US has filed for Chapter 11 bankruptcy. We strongly advise against making any deposits. The FTX platform has been hacked. A warning has ben issued that the website, platform and app might be infected by trojan malware. We recommend that you refrain from using them.	Review 3.9 Nexo is #19 in our crypto broker rankings.
Traders from US accepted	Traders from US accepted
FTX is an advanced cryptocurrency derivatives exchange with a vast array of tokens and contract types.	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
	Loyalty scheme with various bonuses, plus referral program
Comment by Reviewer
	"Nexo is good for traders who want a straightforward way to access DeFi crypto markets and earn interest on their digital assets."
Pros
	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
	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
Stocks, Futures, Options, Crypto	Cryptos
Demo Account
No	Yes
Minimum Deposit
$1	$10
Payment Methods
Bitcoin Payments Credit Card Silvergate Bank Transfer Wire Transfer	Bitcoin Payments Credit Card Debit Card
Minimum Trade
$1	$30
Regulator
	ASIC, FCEN
Margin Trading
Yes	No
MetaTrader 4
No	No
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
Yes	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS & Android	iOS & Android
Auto Trading
Yes
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	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 EUR GBP
Cryptocurrency
FTX supports crypto trading on hundreds of major tokens by way of spot trades and derivatives contracts.	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
Variable	N/A
Coins
BTC ETH SOL FTT USDT MATIC BNB XRP DOGE SRM LINK LTC FTM SUSHI RAY UNI STEP AAVE AGLD	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
Yes	Yes
Crypto Mining
No	No
Crypto Staking
No	Yes
Auto Market Maker
Yes	No

Review	Review
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FTX vs	Nexo vs