Nexo vs Interactive Brokers
Nexo | Interactive Brokers |
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3.9
Nexo is #22 in our crypto broker rankings. |
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4.3
Interactive Brokers is #1 in our CFD broker rankings. |
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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. |
Interactive Brokers is a leading global brokerage that provides access to a comprehensive offering of stocks as well as forex, futures, metals, bonds and cryptos. The firm has over 40 years experience in the online trading industry and is heavily regulated by SEC, FCA, IIROC, and SFC. Day traders can use the proprietary Trader Workstation and can access powerful tools and data feeds as well as comprehensive educational resources. |
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." | "Experienced day traders seeking a regulated broker with sophisticated trading software and very low fees should look at IB. Their range of stocks also can't be beaten." |
Pros | |
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Cons | |
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Instruments | |
Cryptos | Stocks, Futures, E-minis, Options, CFD, Forex, Crypto, Exchange Linked Warrants |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$10 | $0 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
$30 | $100 |
Regulator | |
ASIC, FCEN | SEC, FCA, IIROC, SFC |
Margin Trading | |
No | Yes |
Margin Rate | |
1.55 - 2.59% | |
STP Account | |
No | Yes |
ECN Account | |
No | No |
DMA Account | |
No | Yes |
MAM Account | |
No | Yes |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | Yes |
Robo Advisor | |
No | No |
Negative Balance Protection | |
No | No |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
No | Yes |
Mobile Apps | |
iOS & Android | iOS, Android & Windows |
Auto Trading | |
Capitalise.ai & TWS API | |
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 |
Inactivity Fee | |
$0 | |
Islamic Account | |
No | No |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
CFD trading not offered | Trade leveraged CFDs on thousands of global stocks as well as 13 global indices, 80+ forex pairs, and London gold and silver. Leverage is available in line with regulatory requirements. |
Leverage | |
1:50 | |
FTSE Spread | |
0.005% (£1 Min) | |
GBPUSD Spread | |
Commission (.20 pts x trade value) | |
Oil Spread | |
N/A | |
Stocks Spread | |
From 0.003 per share, variable | |
Forex Trading | |
Forex trading not offered | Trade 85 major, minor and exotic forex pairs via CFDs on IB's FXTrader platform with tight spreads and low commissions, or trade forex on the spot market. They offer more FX assets than almost any competitor. |
GBPUSD Spread | |
Commission (.20 pts x trade value) | |
EURUSD Spread | |
Commission (.20 pts x trade value) | |
EURGBP Spread | |
Commission (.20 pts x trade value) | |
Assets | |
70+ | |
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. | Buy and hold Bitcoin, Bitcoin Cash, Ethereum and Litecoin with low commissions of 0.12%–0.18%. Fees are low and the broker offers a secure environment to invest in digital assets. |
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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More Comparisons | |
Nexo vs |
Interactive Brokers vs |