Nexo vs PrimeXBT
Nexo Review 2023 | PrimeXBT Review 2023 |
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3.9
Nexo is #21 in our crypto broker rankings. |
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4.1
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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 | |
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 | |
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Cons | |
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Awards | |
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Instruments | |
Cryptos | CFDs, Cryptos, Forex, Indices, Commodities, Futures |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$10 | $0 |
Trading Platforms | |
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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 | |
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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 | |
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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 |
PrimeXBT vs |