Nexo vs FxPro
| Nexo | FxPro |
|---|---|
3.9
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4.4
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Nexo is a centralized crypto exchange founded in 2018 in Bulgaria and today operates across some 200 jurisdictions from its base in Switzerland. It provides services including spot trading, futures trading, peer-to-peer loans, cold wallet storage and fiat-on ramps to buy crypto tokens. The crypto firm is registered with some respected financial authorities, such as the ASIC, and offers some fairly unique additional services including a credit card. |
Founded in 2006, FxPro is an established forex, CFD and spread betting broker offering 2100+ assets to over 2 million clients worldwide. The broker is regulated in 4 jurisdictions and offers reliable 24/5 customer support, earning it a high trust and safety score. FxPro has also picked up more than 100 industry accolades for its competitive trading conditions, including fast execution and deep liquidity. |
| Bonus Offer | |
| Loyalty scheme with various bonuses, plus referral program and bonus paid to lenders on credit line | |
| Comment by Reviewer | |
| "Nexo gives crypto traders the capability to trade, invest, lend and borrow digital assets in one place, and it’s especially good for its credit functions that pay out very high yields to lenders. However, its fees are relatively high and many day traders will prefer a more tightly regulated crypto broker." | "FxPro is best for experienced traders looking for wide market access, premium research tools and advanced charting platforms. The competitive fees and fast execution will serve serious short-term traders, whilst the BnkPro investment service will appeal to those looking for long-term e-money solutions." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| Cryptos | CFDs, Forex, Stocks, Indices, Commodities, Futures |
| Demo Account | |
| No | Yes |
| Minimum Deposit | |
| $10 | $100 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| $30 | 0.01 Lots |
| Regulator | |
| FCA, CySEC, FSCA, SCB, FSC | |
| Margin Trading | |
| Yes | Yes |
| Margin Rate | |
| 0.5% | |
| STP Account | |
| No | Yes |
| ECN Account | |
| No | No |
| DMA Account | |
| No | No |
| MAM Account | |
| No | Yes |
| 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 | Yes |
| Market Maker | |
| No | Yes |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | Yes |
| Mobile Apps | |
| iOS & Android | iOS & Android |
| App Review | |
FxPro offers forex trading on 70+ pairs via its mobile app. A range of technical indicators and order types are available and hedging is supported. Download the app for free from the iOS and Android app stores. |
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| Android App Rating | |
4 |
4.3 |
| iOS App Rating | |
3.8 |
4.7 |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | |
| Copy Trading | |
| No | No |
| Social Trading | |
| No | No |
| VPS Hosting | |
| No | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | Yes |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $5 | |
| Islamic Account | |
| No | Yes |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| CFD trading not offered | FxPro offers thousands of CFDs on forex, commodities, indices, shares and futures. The broker's analysis and charting capabilities continue to stand as some of the best in the industry, with Trading Central integration, advanced order types and access to custom indicators. |
| Leverage | |
| 1:30 (Retail), 1:500 (Pro), 1:1000 (Via Prime Ash Capital Limited) | |
| FTSE Spread | |
| 1.58 Pts (Ave) | |
| GBPUSD Spread | |
| 2.39 Pips (Ave) | |
| Oil Spread | |
| 0.07 (WTI Ave) | |
| Stocks Spread | |
| Variable | |
| Forex Trading | |
| Forex trading not offered | FxPro offers 70+ currency pairs with ultra-fast execution speeds and tight spreads from 0.46 pips on EUR/USD. The range of forex assets outranks many rivals, including our award winner, AvaTrade. Various short-term forex strategies are permitted, including EA trading and hedging. |
| Forex App | |
FxPro offers forex trading on 70+ pairs via its mobile app. A range of technical indicators and order types are available and hedging is supported. Download the app for free from the iOS and Android app stores. |
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| GBPUSD Spread | |
| 2.39 pips (Ave) | |
| EURUSD Spread | |
| 1.58 pips (Ave) | |
| EURGBP Spread | |
| 1.74 pips (Ave) | |
| Assets | |
| 70+ | |
| Currency Indices | |
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| Cryptocurrency | |
| Nexo offers trading on an impressive suite of around 70 tokens, including Bitcoin. Digital assets can be bought, sold and swapped directly on the exchange or traded in over 500 pairs. Digital assets can also be used as collateral for fiat loans or used to generate passive income with the ‘smart staking’ tool or from interest earned via peer-to-peer loans. | Non-UK FxPro traders can access CFDs on 28 popular cryptocurrencies, including Bitcoin and Ethereum as well as smaller tokens like Tron. Algo traders can also make use of trading bots and custom indicators within the third-party platforms. |
| Spread | |
| N/A | Variable |
| 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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