Nexo vs Dukascopy

Nexo vs Dukascopy Comparison Table 2023
Nexo Review 2023	Dukascopy Review 2023
Review 3.9 Nexo is #21 in our crypto broker rankings.	Review 3.6
Traders from US accepted	Traders from US not accepted See available binary options brokers
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.	Dukascopy is an online broker operated by a Swiss-regulated banking group. It offers a good selection of 500+ markets, with forex, stocks, gold, ETFs, indices, bonds and cryptocurrencies available. It also offers flexible trading opportunities through the choice of CFDs or binary options. Traders will use MetaTrader 4 or a proprietary platform that is well-suited to automated trading.
Bonus Offer
Loyalty scheme with various bonuses, plus referral program	10% Equity Bonus
Promotions
	Get A 20% Discount On Commissions At Dukacopy
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."	"Dukascopy will appeal to active day traders with fee rebates and the JForex platform for automated trading."
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	Dukascopy offers trading on a powerful proprietary platform plus the popular MT4 The broker hosts its own TV channel, alongside various educational materials and an active online community Binary options are available as well as CFDs, providing straightforward up/down predictions on global assets Heavily regulated brokerage including oversight from Swiss FINMA Multiple account currencies including USD, EUR and CHF There is a joining bonus and volume discounts Full range of investments including cryptos Low minimum deposit of $100
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	Time-consuming registration process No Islamic trading account
Awards
	Best for Cryptocurrency trading in UAE, 2022 Best FX Research, 2022 Best ECN Broker for Beginners, 2021 Best Bank Broker, 2020 Best Technical Analysis Platform, 2020 Best Forex Trading Apps, 2019
Instruments
Cryptos	Forex, CFDs, indices, shares, commodities, metals, cryptocurrencies, bonds, binary options
Demo Account
Yes	Yes
Minimum Deposit
$10	$100
Trading Platforms
Own	MT4 AlgoTrader
Payment Methods
Bitcoin Payments Credit Card Debit Card	Apple Pay Bitcoin Payments Credit Card Debit Card Maestro Mastercard Neteller Samsung Pay Skrill Visa Wire Transfer
Minimum Trade
$30	0.01 Lots
Regulator
ASIC, FCEN	FINMA, FCMC, JFSA
Margin Trading
No	Yes
STP Account
No	No
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	No
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	No
Mobile Apps
iOS & Android	iOS, Android & webtrader
Auto Trading
	Yes (EAs & FIX APIs)
Copy Trading
No	No
Social Trading
No	No
Trade Signals
	MetaTrader
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
	$40
Islamic Account
No	Yes
Account Currencies
USD EUR GBP	USD EUR GBP CAD AUD JPY TRY SEK NOK DKK CHF PLN HUF
Stock Exchanges
	Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng Japan Exchange Group Nasdaq S&P 500 SIX Swiss Exchange
Commodities
	Cocoa Coffee Copper Cotton Gasoline Oil Palladium Platinum Sugar
CFD Trading
CFD trading not offered	Dukascopy offers highly leveraged CFDs with rates up to 1:200. A wide selection of asset classes are available, including currencies, equities, commodities, ETFs and cryptos. Spreads are also tight starting from 0.1 pips and traders get 24/7 support.
Leverage
	1:200
FTSE Spread
	Variable
GBPUSD Spread
	1.16 Av
Oil Spread
	5.3 Av
Stocks Spread
	From 0.1
Forex Trading
Forex trading not offered	With 60+ currency pairs available, Dukascopy offers enough majors, minors and exotics to keep most forex traders happy. The broker also offers high leverage up to 1:100 – a good amount to see from a reputable and regulated broker. Currency traders have access to excellent software, including MT4 and JForex.
Forex App
	Dukascopy offers a free mobile app that can be used to trade the broker’s range of forex pairs. The application is also home to trading signals, price alerts and beginner-friendly charts and graphs. Close to 50 technical indicators, plus level two quotes are also available.
GBPUSD Spread
	1.1
EURUSD Spread
	0.1
EURGBP Spread
	0.9
Assets
	63
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.	Take positions on popular cryptos against the US Dollar. Traders can go long or short with decent leverage up to 1:5. Clients of Dukascopy are also protected to the tune of CHF 100'000 in the event of broker insolvency.
Spread
N/A	From 0.1
Coins
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	BTC ETH LTC BCH XLM DSH EOS TRX ADA UNI LNK MAT AVE MKR CMP ENJ YFI BAT
Crypto Lending
Yes	No
Crypto Mining
No	No
Crypto Staking
Yes	No
Auto Market Maker
No	No
Binary Options
Binary options trading not offered	Dukascopy offers binary options on currency pairs, stocks and indices, alongside powerful trading tools and market insights. User gets flexible contract sizes and deposits are protected by EU law, though the $1000 starting investment is higher than alternatives.
Payout
	90%
Expiry Times
	3 minutes - 1 day
Ladder Options
No	No
Boundary Options
No	No

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