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Nexo vs Swissquote

Nexo vs Swissquote Comparison Table 2023
Nexo Review 2023 Swissquote Review 2023
Review
3.9

Nexo is #21 in our crypto broker rankings.

Review
4
United States Flag Traders from US accepted
United States Flag Traders from US not accepted
See available CFD brokers

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.

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
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." "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
  • 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
  • Huge range of products including CFDs, futures and options
  • Scalping, day trading and swing trading strategies supported
  • Swiss-listed and regulated with a strong track record
  • Ebanking and cryptocurrency Bitcoin exchange services
  • Multi-currency account with 22 currencies
  • MetaTrader 4 and MetaTrader 5 integration
  • Autochartist and Trading Central tools
  • Free demo account
  • FCA-regulated
  • APIs
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
  • High minimum deposit of $1000
  • Complex suite of services and tools
  • Higher than average fees on some products
Instruments
Cryptos Forex, CFDs, Indices, Stocks, ETFs, Bonds, Options, Futures, Cryptos (location dependent)
Demo Account
Yes Yes
Minimum Deposit
$10 $1000
Trading Platforms
  • Own
  • MT4
  • MT5
  • AutoChartist
  • TradingCentral
Payment Methods
Minimum Trade
$30 0.01 Lots
Regulator
ASIC, FCEN FCA, FINMA, DFSA, SFC
Margin Trading
No 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
No Yes
Mobile Apps
iOS & Android iOS & Android
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
  • USD
  • EUR
  • GBP
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • TRY
  • SEK
  • CHF
  • AED
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 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. 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
  • 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
  • BTC
  • ETC
  • XLM
  • REP
  • ADA
  • AAVE
  • ALGO
  • MKR
  • DOT
  • MATIC
  • SAND
  • APE
  • ETH
  • XRP
  • LINK
  • EOS
  • XTZ
  • FILE
  • DOGE
  • ADA
  • AVA
Crypto Lending
Yes Yes
Crypto Mining
No No
Crypto Staking
Yes Yes
Auto Market Maker
No No
Review
Review
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