Nexo Review 2021

Nexo is a DeFi platform with a range of blockchain-based solutions, including crypto trading, lending, borrowing and payment cards.

Nexo is broker that gives traders access to Cryptocurrency. Surprisingly, Nexo does not support either of the enormously popular MetaTrader platforms (4 and 5).

In terms of features offered to traders, Nexo has Demo Accounts but is missing Islamic Accounts, Social Trading, Signals and Auto Trading.

Cryptocurrency traders will have lots of options at Nexo, with 21 different coins to trade: BTC, ETH, XRP, USDT, NEXO, USDC, DAI, BCH, LTC, EOS, XLM, PAXG, LINK, TRX, DOT, ADA, DOGE, TUSD, USDX, EURX and GBPX.

Careful traders will be reassured knowing that Nexo is licensed to offer trading services by several regulators, 2 in fact. Note, however, that the FCA here in the UK is not among the list of overseeing regulators. Careful traders might want the extra safety of going with an FCA-regulated broker.

Nexo Summary

Nexo is a DeFi platform with a range of blockchain-based solutions, including crypto trading, lending, borrowing and payment cards.

Ratings

40%
Trust
16%
Instruments
14%
Features
BonusNone
InstrumentsCrypto
Demo Account
Min. Deposit$10
Min. Trade$30
Regulated ByASIC, FCEN
MetaTrader 4
MetaTrader 5
cTrader
DMA Account
ECN Account
Mobile Apps iOS & Android
Auto Trading
Trade Signals
Social Trading
Copy Trading
Islamic Account

Cryptocurrency Trading

Nexo supports cryptocurrency trading through its exchange platform with over 100 crypto and fiat pairs.

SpreadN/A
CoinsBTC, ETH, XRP, USDT, NEXO, USDC, DAI, BCH, LTC, EOS, XLM, PAXG, LINK, TRX, DOT, ADA, DOGE, TUSD, USDX, EURX, GBPX

Payment Methods

Nexo accepts the following payment methods:

  • Bitcoin Payments
Risk Warning – Your capital is at risk

FAQ

Is Nexo Safe?

Yes, most likely, as we gave Nexo a trust score of 40% in our review. The main negative factor in this score is that Nexo is not FCA regulated. However, very careful traders might want to find an alternative in our top list of UK brokers.

Does Nexo Accept PayPal?

No, Nexo does not accept PayPal payments.

Is Nexo Halal?

Probably not, as Nexo does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.

Is Nexo Regulated?

Yes, Nexo is regulated by 2 different regulators: ASIC and FCEN.

The fact that Nexo is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for options.

Nexo vs Other Brokers

If you want to compare Nexo with other brokers, use the detailed comparisons below.

Nexo vs
Nexo is a DeFi platform with a range of blockchain-based solutions, including crypto trading, lending, borrowing and payment cards.