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Nexo vs PrimeXBT

Nexo vs PrimeXBT Comparison Table 2023
Nexo Review 2023 PrimeXBT Review 2023
Review
3.9

Nexo is #21 in our crypto broker rankings.

Review
4.1
United States Flag Traders from US accepted
United States Flag 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.

PrimeXBT is a multi-asset platform offering highly leveraged trading in forex, indices, commodities and cryptocurrencies. The company launched in 2018 and now has over 1 million users from more than 150 countries. With no minimum deposit, copy trading features and low commissions, the broker has become popular among new and experienced traders.

Bonus Offer
Loyalty scheme with various bonuses, plus referral program $100 Deposit Bonus
Promotions

Enter PrimeXBT Virtual Contests To Win Real Prizes
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." "PrimeXBT is great for investors looking to buy and trade derivatives on a wide range of cryptocurrencies. The brand is also a good pick for newer investors looking for copy 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
  • Excellent platform and app which provide access to a mix of traditional and digital assets
  • High trust score with a secure track record and no client funds stolen
  • The long list of cryptos available provides plenty of trading opportunities
  • Demo trading competitions with cash prizes
  • Easy-to-use copy trading tool
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
  • BTC withdrawal fee
  • No regulatory oversight
  • No MetaTrader 4 integration
  • No telephone customer support
Awards
  • Best Crypto Trading App
  • Best Platform For Margin Trading
  • Most Trusted Crypto Asset Trading Platform
  • Best Crypto And Forex Broker
Instruments
Cryptos CFDs, Cryptos, Forex, Indices, Commodities, Futures
Demo Account
Yes Yes
Minimum Deposit
$10 $0
Trading Platforms
  • Own
  • Own
Payment Methods
Minimum Trade
$30 0.01 Lots
Regulator
ASIC, FCEN
Margin Trading
No Yes
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 Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Yes
Copy Trading
No Yes
Copy Trading Platform
PrimeXBT offers an excellent Covesting module where traders can follow the strategies of other users with free and paid-for signals. Once you have found a suitable trader you simply need to hit 'follow' to get started.
Social Trading
No Yes
Trade Signals
No
VPS Hosting
No No
Tournaments
No Yes
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
  • USD
  • EUR
  • GBP
  • USD
  • EUR
  • GBP
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Trade CFDs across four asset classes with leverage up to 1:1000. Beginners can also take advantage of the broker's useful technical analysis guides and CFD education, plus 24/7 in-platform support via live chat.
Leverage
1:1000
FTSE Spread
Variable
GBPUSD Spread
Variable
Oil Spread
Variable
Stocks Spread
Variable
Forex Trading
Forex trading not offered Go long or short on 50 forex pairs including the EUR/USD and GBP/USD with zero commissions. There are plenty of opportunities to buy and sell currencies via margin or copy trading.
GBPUSD Spread
Variable
EURUSD Spread
Variable
EURGBP Spread
Variable
Assets
45+
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. Trade popular cryptos with commissions as low as 0.05% and high leverage up to 1:200. Another bonus is that you can join 10,000+ traders in crypto trading contests with real prizes.
Spread
N/A 0.05% BTC, 0.05% ETH
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
  • LTC
  • ETH
  • XRP
  • EOS
  • ADA
  • DOT
  • SOL
  • UNI
  • LINK
  • DOGE
  • BNB
  • ICP
  • SAND
  • more
Crypto Lending
Yes No
Crypto Mining
No No
Crypto Staking
Yes No
Auto Market Maker
No No
Review
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