Nexo vs Swissquote
Nexo | Swissquote |
---|---|
3.9
Nexo is #21 in our crypto broker rankings. |
4
|
Traders from US accepted |
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. |
Swissquote is a Switzerland-based bank and broker that offers online trading and investing. The company has a high safety score and is listed on the Swiss stock exchange. The firm offers a huge range of products, from stocks, ETFs, bonds and futures to 400+ forex and CFD assets. Hundreds of thousands of traders have opened an account with the multi-regulated brokerage. Clients can get started in three easy steps while 24/7 customer support is available to assist new users. |
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." | "We recommend Swissquote for experienced traders due to the $1000 minimum deposit and advanced trading tools. Swissquote is also a good option for investors looking for a sophisticated robo-advisory service." |
Pros | |
|
|
Cons | |
|
|
Awards | |
|
|
Instruments | |
Cryptos | Forex, CFDs, Indices, Stocks, ETFs, Bonds, Options, Futures, Cryptos (location dependent) |
Demo Account | |
No | Yes |
Minimum Deposit | |
$10 | $1000 |
Trading Platforms | |
|
|
Payment Methods | |
Minimum Trade | |
$30 | 0.01 Lots |
Regulator | |
FCA, FINMA, DFSA, SFC | |
Margin Trading | |
Yes | Yes |
STP Account | |
No | No |
ECN Account | |
No | Yes |
DMA Account | |
No | Yes |
MAM Account | |
No | Yes |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | Yes |
Negative Balance Protection | |
No | Yes |
Market Maker | |
No | Yes |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
Mobile Apps | |
iOS & Android | iOS & Android |
Android App Rating | |
4 |
|
iOS App Rating | |
3.8 |
|
Auto Trading | |
Yes | |
Copy Trading | |
No | No |
Social Trading | |
No | Yes |
VPS Hosting | |
No | Yes |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Islamic Account | |
No | Yes |
Account Currencies | |
|
|
Stock Exchanges | |
Commodities | |
CFD Trading | |
CFD trading not offered | Swissquote offers spot, forward and synthetic contracts on a breadth of markets, including stocks, indices, bonds and commodities. The pricing model is transparent with no hidden fees. Clients can diversify portfolios and hedge risk with low margin requirements. |
Leverage | |
1:30 | |
FTSE Spread | |
0.9 | |
GBPUSD Spread | |
1.3 | |
Oil Spread | |
0.02 | |
Stocks Spread | |
N/A | |
Forex Trading | |
Forex trading not offered | Swissquote offers trading on a huge range of forex assets, covering 80+ currency pairs. Spreads start from 1.3 pips with the Premium account and there are zero commissions. Micro, mini and standard lot sizes are available plus options contracts on major currencies. |
GBPUSD Spread | |
1.3 | |
EURUSD Spread | |
1.3 | |
EURGBP Spread | |
1.5 | |
Assets | |
80+ | |
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. | Swissquote offers online trading on a decent selection of 35+ cryptos 24/7. The digital asset class provides high volatility within a regulated trading environment at Swissquote. A digital wallet is also available to securely store tokens. |
Spread | |
N/A | Variable |
Coins | |
|
|
Crypto Lending | |
Yes | Yes |
Crypto Mining | |
No | No |
Crypto Staking | |
Yes | Yes |
Auto Market Maker | |
No | No |
More Comparisons | |
Nexo vs |
Swissquote vs |