Nexo vs AvaTrade
| Nexo Review 2023 | AvaTrade Review 2023 |
|---|---|
3.9
Nexo is #21 in our crypto broker rankings. |
4.9
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 Traders from US accepted |
Traders from US not accepted
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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. |
Leading forex and CFD broker since 2006, regulated in Ireland, Australia, Canada, Japan, Abu Dhabi, and South Africa. AvaTrade offers multiple trading platforms, including MT4, MT5, Web Trader, Mobile App, Vanilla Options and Social Trading. 1250+ financial instruments, educational content and multi-language customer support active 24/7. 20% welcome bonus available in allowed countries. |
| Bonus Offer | |
| Loyalty scheme with various bonuses, plus referral program | Welcome bonus 20% up to 10.000$ |
| 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." | "AvaTrade is an excellent broker for traders of all experience levels. Beginners benefit from high-quality education, social trading and a low minimum deposit. 1000+ tradable instruments and powerful proprietary software also make AvaTrade suitable for seasoned traders." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| Cryptos | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $10 | $100 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| $30 | 0.01 Lots |
| Regulator | |
| ASIC, FCEN | ASIC, CBoI, FSA, FSCA, FSB |
| Margin Trading | |
| No | Yes |
| Margin Rate | |
| 2% | |
| STP Account | |
| No | Yes |
| ECN Account | |
| No | Yes |
| DMA Account | |
| No | Yes |
| MAM Account | |
| No | Yes |
| PAMM Account | |
| No | Yes |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| No | Yes |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | Yes |
| Mobile Apps | |
| iOS & Android | iOS & Android |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | |
| Copy Trading | |
| No | Yes |
| Copy Trading Platform | |
| AvaTrade not only offers a proprietary platform, but also a selection of social and copy trading systems, including its own AvaSocial app, along with MetaTrader suites. There is also the popular web-based platforms, DupliTrade and ZuluTrade, which are both easy-to-use and suit novices and experts alike. | |
| Social Trading | |
| No | Yes |
| Trade Signals | |
| Yes | |
| VPS Hosting | |
| No | Yes |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $50 | |
| Islamic Account | |
| No | Yes |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| CFD trading not offered | AvaTrade offers leveraged CFD trading on a range of asset classes spanning stocks, indices, commodities, bonds, crypto, and ETFs. Traders can speculate on rising and falling prices with low fees and stable platforms in a highly regulated trading environment. |
| Leverage | |
| 1:30 (Retail) 1:400 (Pro) | |
| FTSE Spread | |
| 0.5 | |
| GBPUSD Spread | |
| 1.5 | |
| Oil Spread | |
| 0.02 | |
| Stocks Spread | |
| 0.13 | |
| Forex Trading | |
| Forex trading not offered | AvaTrade offers 50+ currency pairs and their spreads are some of the best among any broker. You can trade majors, minors and exotics around the clock with zero commissions. |
| Forex App | |
AvaTrade provide AvaTradeGo for mobile trading. The app offers 1000+ markets, the ability to create watchlists and make trades. The AvaProtect™ feature even adds another layer of risk protection. Rated 4.2* , it is one of the more popular trading apps. Download it today. |
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| GBPUSD Spread | |
| 1.5 | |
| EURUSD Spread | |
| 0.9 | |
| EURGBP Spread | |
| 1.5 | |
| Assets | |
| 50+ | |
| Currency Indices | |
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| Cryptocurrency | |
| 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. | Regulated in five continents, AvaTrade offers a secure way to access crypto markets. They offer a great range of digital currencies, very tight spreads, and 1:2 leverage. [Not available in Canada] |
| Spread | |
| N/A | BTC <1%, ETH 2% |
| Coins | |
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| Crypto Lending | |
| Yes | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| Yes | No |
| Auto Market Maker | |
| No | No |
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| More Comparisons | |
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Nexo vs |
AvaTrade vs |