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Nexo vs Swissquote

Nexo or Swissquote – which is better for UK traders 2024? Compare Nexo and Swissquote in this detailed breakdown of their platforms, features and fees.

Nexo vs Swissquote Comparison Table 2024
Nexo	Swissquote

3.9	4
Nexo is ranked #35 among crypto brokers.	Swissquote is ranked #67 among CFD brokers.
Review	Review
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.
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 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	Fractional shares added making high-value assets accessible to traders with less capital Vast range of products including CFDs, futures and options Scalping, 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
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 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	High minimum deposit of $1000 Complex suite of services and tools Higher than average fees on some products
Awards
Best Cryptocurrency Wallet – FinTech Breakthrough Awards, 2023 Best Use of Crypto and/or Blockchain in Financial Services – PAY360 Awards, 2022
FCA Regulated
No List of FCA Regulated Brokers	Yes
Instruments
Cryptos	Forex, CFDs, Indices, Stocks, ETFs, Bonds, Options, Futures, Cryptos (location dependent)
Demo Account
No	Yes
Minimum Deposit
$10	$1000
Payment Methods
Apple Pay Credit Cards Debit Card Google Pay Wire Transfer	Credit Cards Debit Card Mastercard Visa Wire Transfer
Minimum Trade
$30	0.01 Lots
Regulator
	FCA, FINMA, DFSA, SFC, AFM
Mobile Apps
iOS & Android	iOS & Android
iOS App Rating
3.8
Android App Rating
4
Margin Trading
Yes	Yes
MetaTrader 4
No	Yes
MetaTrader 5
No	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	Yes
eSignal
No	No
Trading Central
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
Yes	Yes
Auto Trading
	Expert Advisors (EAs) on MetaTrader and FIX API solutions
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
Commodities
	Oil Gasoline Silver Gold Palladium Platinum
CFD
	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
	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.
Assets
	80+
GBPUSD Spread
	1.3
EURUSD Spread
	1.3
EURGBP Spread
	1.5
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
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

Nexo	Swissquote
Review	Review
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