Your capital is at risk. Trade only with funds you can afford to lose.
OKX
#3 in our crypto broker rankings
Accepts traders from Canada
Rating breakdown
- Regulation & trust2.80.3 higher than Nexo (2.5)
- Assets & markets4.51.5 higher than Nexo (3.0)
- Fees & costs4.01.5 higher than Nexo (2.5)
- Platforms & tools3.80.3 higher than Nexo (3.5)
- Accounts & banking3.50.5 higher than Nexo (3.0)
- Education3.52.5 higher than Nexo (1.0)
- Research3.00.5 higher than Nexo (2.5)
- Customer support2.51.5 lower than Nexo (4.0)
Nexo’s score. Numbers show the difference.
Nexo
#26 in our crypto broker rankings
Accepts traders from Canada
Rating breakdown
- Regulation & trust2.50.3 lower than OKX (2.8)
- Assets & markets3.01.5 lower than OKX (4.5)
- Fees & costs2.51.5 lower than OKX (4.0)
- Platforms & tools3.50.3 lower than OKX (3.8)
- Accounts & banking3.00.5 lower than OKX (3.5)
- Education1.02.5 lower than OKX (3.5)
- Research2.50.5 lower than OKX (3.0)
- Customer support4.01.5 higher than OKX (2.5)
OKX’s score. Numbers show the difference.
| OKX | Nexo | |
|---|---|---|
| Overview | OKX is a respected cryptocurrency firm, established in 2017, that offers a large suite of products, from trading to NFTs. Traders can access over 400 crypto tokens via OTC trading and derivatives. With an excellent web platform, developer tools and dynamic charts, OKX is a popular choice for technical traders. | 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, 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. |
| Customer Reviews | Based on 1 customer reviews | – |
| Trustpilot Score | ||
| Bonus Offer | $10 in BTC | Loyalty scheme with various bonuses, plus referral program and bonus paid to lenders on credit line |
| Comment by Reviewer | “OKX is a top pick for crypto traders looking for emerging coins and crypto projects to invest in. Traders can also make use of the broker's copy trading service and automated bots.” | “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, although its loyalty program does reward active users with perks like discounted rates on loans.” |
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| Awards | – |
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| Instruments | Spot, Futures, Swaps, Options, X-Perp Stocks | Cryptos, Perpetual Futures |
| Demo Account | Yes | No |
| Minimum Deposit | 10 USDT | $10 |
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| Payment Methods | ||
| Minimum Trade | Variable | $30 |
| Regulator | FinCEN, VARA | SEC & CFTC (via Bakkt) |
| Margin Trading | Yes | 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 | Yes | No |
| Robo Advisor | No | No |
| Negative Balance Protection | No | No |
| Market Maker | No | No |
| P2P Trading | Yes | No |
| Spot Trading | Yes | Yes |
| Mobile Apps | Android & iOS | iOS & Android |
| Android App Rating | ||
| iOS App Rating | ||
| Auto Trading | Yes | – |
| Copy Trading | Yes | No |
| Social Trading | No | No |
| VPS Hosting | No | No |
| Tournaments | No | No |
| 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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| Cryptocurrency | ||
| Overview | OKX continues to offer a superb selection of 400+ tokens including Bitcoin and Ripple. You can buy and sell tokens or trade cryptos on margin via derivatives, including perpetual swaps, options and futures. OKX stands out for its low fees, extensive range of tokens and speedy crypto transactions. | Nexo offers trading on an impressive suite of around 100 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. |
| Spread | Variable | N/A |
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| Crypto Lending | Yes | Yes |
| Crypto Mining | No | No |
| Crypto Staking | Yes | Yes |
| Auto Market Maker | No | No |