Nexo vs XTB
| Nexo Review 2023 | XTB Review 2023 |
|---|---|
3.9
Nexo is #21 in our crypto broker rankings. |
4.8
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 Traders from US accepted |
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. |
XTB is one of the largest stock exchange-listed forex and CFD brokers in the world, offering access to over 5800 instruments on their xStation platform. They boast 700,000 active traders, 20 years experience and authorization from tier-one regulators, including the UK's FCA. |
| 81% of retail accounts lose money. | |
| Bonus Offer | |
| Loyalty scheme with various bonuses, plus referral program | |
| 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." | "XTB is a great option for beginners with a user-friendly platform, no minimum deposit and low trading fees. The free education center is also a bonus, as well as the straightforward account opening process." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| Cryptos | CFDs, Forex, Stocks, Indices, Commodities, Crypto |
| 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 | FCA, CySEC, IFSC, KNF, DFSA |
| Margin Trading | |
| No | Yes |
| Margin Rate | |
| 4.5% | |
| STP Account | |
| No | Yes |
| 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 | Yes |
| Mobile Apps | |
| iOS & Android | iOS, Android & Windows |
| Auto Trading | |
| Yes | |
| Copy Trading | |
| No | No |
| Social Trading | |
| No | No |
| Trade Signals | |
| Yes | |
| VPS Hosting | |
| No | Yes |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | Yes |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | Yes |
| Inactivity Fee | |
| $0 | |
| Islamic Account | |
| No | Yes |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| CFD trading not offered | Trade a large suite of 2100 CFDs with ultra-fast execution speeds and 24-hour trading. You can build a diverse portfolio with access to forex, indices, commodities, cryptos, stocks and ETFs. Retail traders also get negative balance protection and zero commissions. |
| Leverage | |
| 1:500 | |
| FTSE Spread | |
| 0.08% | |
| GBPUSD Spread | |
| 0.1 pips | |
| Oil Spread | |
| 0.03 pips | |
| Stocks Spread | |
| 0.2% variable | |
| Forex Trading | |
| Forex trading not offered | Trade 48 currency pairs with low spreads from 0.1 pips and leverage up to 1:30 (EU) and 1:500 (Global). Micro lot trading is also available and new currency traders can make near-instant deposits with no fees. |
| Forex App | |
With over 1 million downloads and a rating of 4.5*, XTB deliver a mobile trading platform that users love. Slick and reliable, the app boasts a range of extra features including advanced charts and market sentiment indicators. Download xStation by XTB here. |
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| GBPUSD Spread | |
| 0.1 | |
| EURUSD Spread | |
| 0.2 | |
| EURGBP Spread | |
| 0.1 | |
| 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. | XTB offers an excellent range of crypto markets, all with competitive spreads. They also offer intra-crypto pairs such as ETH/BTC and DSH/BTC. Cryptos can be traded 24/7 in a secure environment with transparent accounts. |
| Spread | |
| N/A | From 0.22% |
| 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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| 81% of retail accounts lose money. | |
| More Comparisons | |
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Nexo vs |
XTB vs |