Nexo vs SuperForex

Nexo vs SuperForex Comparison Table 2024
Nexo SuperForex
3.9

Nexo is #21 in our crypto broker rankings.

3.6
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

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.

Established in 2013, SuperForex is an offshore CFD and forex broker offering highly leveraged trades on 400+ instruments via the popular MetaTrader 4 platform. The broker has gained clients in over 150 countries and is regulated by the Belize IFSC. With a range of STP/ECN account types, including swap-free, micro and zero spread, this broker continues to suit traders with different styles and setups. SuperForex also offers a range of welcome bonuses and trading contests.

Bonus Offer
Loyalty scheme with various bonuses, plus referral program and bonus paid to lenders on credit line $88 No Deposit Bonus
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." "SuperForex will suit experienced traders looking for high leverage rates and premium membership packages. The broker also continues to stand out for its wide selection of beginner-friendly accounts, although the lack of top-tier regulation is a notable drawback."
Pros
  • Reputable crypto exchange that has been in business since 2018 and has taken some steps toward regulation
  • Nexo Pro is a user-friendly proprietary platform that suits day trading strategies with great charting features
  • Value-add tools integrated into the trading platform including social media analysis and newsfeeds by asset
  • Traders can access perpetual futures to open long or short positions on crypto assets, increasing strategic opportunities
  • Nexo’s crypto staking and credit features support crypto lending and borrowing, and the yields lenders receive are among the best going
  • Traders benefit from bonuses and incentives including free trading funds paid to lenders and cashback in the form of the exchange’s native Nexo token
  • SuperForex is accessible for beginners, with minimum deposits from $1, a choice of fixed or variable spreads, and access to copy trading
  • You can get free access to the Pattern Graphix expert advisor software for MT4, a price pattern analysis tool which can help you save time
  • Various accessible payment methods are supported, including crypto, with zero fees and fast processing times
  • SuperForex offers an auto-reset balance program, which prevents trading accounts from dropping below zero
  • There’s a good range of STP and ECN account types to choose from, as well as crypto and cent accounts
  • The broker offers an impressive range of 12+ account base currencies covering multiple global regions
  • Traders can receive 5% annual interest on their account equity - a great way to earn passive income
  • There’s a decent range of educational resources including video tutorials, guides and seminars
Cons
  • Although Nexo has registered with some reputable watchdogs, it is riskier to trade with than established crypto brokers like AvaTrade and Vantage
  • High deposit and withdrawal fees for cards and e-wallets will price many traders out of the most convenient payment methods
  • Very few educational resources are available, reducing its appeal to beginners who can find more helpful resources at category leaders like eToro
  • High maker/taker fees mean day traders will pay more to trade derivatives than they would at rival exchanges like Binance
  • The range of tokens is extensive compared to most crypto brokers but still much smaller than similar crypto exchanges like Kraken
  • The Belize IFSC is not considered a top-tier regulatory provider, so clients may receive fewer financial safeguards
  • The 0.5-pip minimum spreads in the standard ECN accounts are not as tight as some of the cheapest ECN brokers, such as Pepperstone
Awards
  • Best Cryptocurrency Wallet – FinTech Breakthrough Awards, 2023
  • Best Use of Crypto and/or Blockchain in Financial Services – PAY360 Awards, 2022
  • Best Cryptocurrency broker LATAM 2022 – Global Business Magazine
  • The Best Withdrawal Options Africa 2022 – World Financial Award
  • Best ECN Broker in Africa 2021 – Global Business Magazine
  • Best ECN Broker in Africa 2021 – International Business Magazine
  • Best New ECN Broker in Africa 2020 - Global Brands Magazine
Instruments
Cryptos CFDs, Forex, Stocks, Cryptos, Commodities
Demo Account
No Yes
Minimum Deposit
$10 $1
Trading Platforms
  • Nexo Pro
  • MT4
Payment Methods
Minimum Trade
$30 0.01 Lots
Regulator
IFSC
Margin Trading
Yes Yes
STP Account
No Yes
ECN Account
No Yes
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
Yes No
Mobile Apps
iOS & Android iOS & Android
Android App Rating
4
iOS App Rating
3.8
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Copy Trading Platform
The Forex Copy system provides access to a huge network of experienced traders with strategies that can be mirrored in a few clicks. You only need $10 to get started with the copy trading solution.
Social Trading
No Yes
VPS Hosting
No No
Tournaments
No Yes
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • INR
  • JPY
  • ZAR
  • MYR
  • IDR
  • CHF
  • HKD
  • SGD
  • RUB
  • PLN
  • AED
  • BRL
  • THB
  • VND
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered SuperForex offers CFDs on a good range of assets, though it only really shines when it comes to forex, thanks to its very diverse list. On the other hand, the significant leverage available on most assets increases profit potential, though traders will need to watch out for spreads, which compare poorly to some competitors.
Leverage
1:2000
FTSE Spread
6.0 (standard account)
GBPUSD Spread
2.5 (standard account)
Oil Spread
5.0 (standard account)
Stocks Spread
Variable
Forex Trading
Forex trading not offered With 100+ currency pairs including all majors plus many minors and exotics tradeable on the MT4 platform with 1:2000 leverage, SuperForex lives up to its name as a great choice for forex traders. The ForexCopy system is also useful for newer traders.
GBPUSD Spread
2.5 (standard account)
EURUSD Spread
2.0 (standard account)
EURGBP Spread
2.5 (standard account)
Assets
100+
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. SuperForex offers cryptocurrency CFDs on 11 popular tokens including Bitcoin, Dash, Solana and Polkadot. 1:10 leverage is available for crypto assets and although this is a fairly limited selection of digital assets, it covers the most important tokens.
Spread
N/A Floating or fixed
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
  • ZEC
  • DASH
  • BCH
  • XMR
  • NEO
  • EOS
Crypto Lending
Yes No
Crypto Mining
No No
Crypto Staking
Yes No
Auto Market Maker
No No
More Comparisons
Nexo
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