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Nexo vs IC Markets

Nexo or IC Markets – which is better for UK traders 2025? Compare Nexo and IC Markets in this detailed breakdown of their platforms, features and fees.

Nexo vs IC Markets Comparison Table 2025
Nexo	IC Markets

3.9	4.8
Nexo is ranked #26 among crypto brokers.	IC Markets is ranked #4 among CFD brokers.
Review	Review
Nexo, a centralised cryptocurrency exchange established in Bulgaria in 2018, now operates from Switzerland in approximately 200 regions. Its offerings include spot and futures trading, peer-to-peer lending, cold wallet storage, and fiat on-ramps for purchasing crypto tokens. Nexo is registered with respected financial bodies like the ASIC. Additionally, it provides unique services, such as a credit card.	IC Markets is an internationally acclaimed forex and CFD broker, admired for its competitive pricing, diverse trading instruments, and superior technology. Established in 2007 and based in Australia, the firm is under the regulation of ASIC, CySEC, and FSA. It has successfully drawn over 180,000 clients from more than 200 nations.
Pros
A well-regarded crypto exchange, established in 2018, has initiated steps towards regulatory compliance. Nexo Pro is an intuitive platform tailored for traders, offering robust charting tools that enhance strategic trading. The trading platform features essential tools such as asset-specific newsfeeds and social media analysis. Traders can utilise perpetual futures to take long or short positions on crypto assets, thereby enhancing strategic opportunities. Nexo's platform facilitates cryptocurrency lending and borrowing through its staking and credit features, offering traders some of the most competitive yields in the market. Traders receive bonuses and incentives, such as complimentary trading funds given to lenders and cashback through the exchange's native Nexo token.	IC Markets provides some of the industry's narrowest spreads, offering 0.0-pip spreads on major currency pairs. This makes it an extremely cost-effective choice for traders. As a well-regulated and reputable broker, IC Markets focuses on client safety and transparency to provide a dependable global trading experience. In 2025, IC Markets earned DayTrading.com's accolade for 'Best MT4/MT5 Broker' due to its top-tier MetaTrader integration. This achievement highlights the broker's continuous refinement over the years to enhance the platform experience. IC Markets provides reliable 24/5 support, especially for account and funding queries, drawing from direct experience. Access over 2,250 CFDs across diverse markets like forex, commodities, indices, shares, bonds, and cryptocurrencies. This variety enables traders to employ diversified strategies.
Cons
While Nexo is registered with certain reputable regulators, trading with it carries more risk compared to established crypto brokers such as AvaTrade and Vantage. High deposit and withdrawal fees for cards and e-wallets may deter many traders from using these convenient payment methods. Limited educational resources diminish its attraction for newcomers, who may discover more valuable materials with leading platforms such as eToro. Elevated maker/taker fees result in traders incurring higher costs for trading derivatives compared to competing exchanges such as Binance. The selection of tokens is broad relative to many crypto brokers, yet it remains limited when compared to similar crypto exchanges such as Kraken.	IC Markets provides metals and cryptocurrencies for trading through CFDs, though the selection is narrower compared to brokers such as eToro. This limits opportunities for traders focused on these asset classes. The tutorials, webinars, and educational resources require enhancement, lagging behind competitors such as CMC Markets, which diminishes their appeal to novice traders. Certain withdrawal methods incur fees, including a $20 charge for wire transfers. These costs can reduce profits, particularly with frequent withdrawals. Although there are four top-tier third-party platforms available, the absence of in-house software or a trading app tailored for novice traders is notable. Interest is not paid on idle cash, a feature gaining popularity with alternatives such as Interactive Brokers.
Awards
Best Cryptocurrency Wallet – FinTech Breakthrough Awards, 2023 Best Use of Crypto and/or Blockchain in Financial Services – PAY360 Awards, 2022	Best MT4/MT5 Broker 2025 - DayTrading.com Best MT4/MT5 Broker 2023 - DayTrading.com Best Forex Broker 2022 - DayTrading.com Best Overall Broker 2020 - DayTrading.com Best Trading App 2020 - DayTrading.com
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
Cryptos	CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
Demo Account
No	Yes
Minimum Deposit
$10	$200
Payment Methods
Apple Pay Credit Card Debit Card Google Pay Wire Transfer	Credit Card Klarna Mastercard Neteller PayPal Rapid Transfer SafeCharge Skrill Swift Visa Wire Transfer
Minimum Trade
$30	0.01 Lots
Regulator
	ASIC, CySEC, FSA, CMA
Mobile Apps
iOS & Android	iOS & Android
Trading App
	IC Markets provide mobile apps for their cTrader, MT4, MT5, and TradingView platforms. Developed separately for Android and iOS, these apps leverage each system's unique capabilities. Featuring raw pricing and spreads from 0.0, they offer superb tools for every trader level. What truly distinguishes them is maintaining IC Markets’ renowned rapid execution speed within the apps. This ensures a professional and highly responsive trading experience.
iOS App Rating
3.8	3.1
Android App Rating
4	4.2
Margin Trading
Yes	Yes
MetaTrader 4
No	Yes
MetaTrader 5
No	Yes
cTrader
No	Yes
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	Yes
Autochartist
No	No
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	Yes
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
Yes	Yes
Auto Trading
	Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade
Copy Trading
No	Yes
Copy Trading Platform
	Introduced in February 2023, the IC Social app provides an easy platform for learning, sharing, and replicating the trades of other traders with minimal effort. The app also includes risk management features and supports specialised trading groups. Alternatively, IC Markets offers access to Signal Start and popular third-party copy trading platforms like ZuluTrade and cTrader Copy.
Social Trading
No	Yes
Trade Signals
	Signal Start
VPS Hosting
No	Yes
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	Yes
Account Currencies
USD EUR GBP	USD EUR GBP CAD AUD NZD JPY CHF HKD SGD
Commodities
	Gold Oil Silver Orange Juice Cocoa Coffee Corn Soybeans Sugar Wheat Natural Gas
CFD
	Trade over 2,250 CFDs anytime from Monday to Friday across key markets, including forex, commodities, indices, stocks, and bonds. IC Markets leverages deep liquidity and cutting-edge bridge technology to offer ideal trading conditions for scalpers, hedgers, and algorithmic traders.
Leverage
	1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
FTSE Spread
	1.0
GBPUSD Spread<
	0.23
Oil Spread
	0.03
Stocks Spread
	0.02
Forex
	IC Markets remains dedicated to offering tight 0.0-pip spreads on major currency pairs like EUR/USD, ensuring outstanding execution with an average speed of 35 milliseconds. Ideal for traders seeking high performance, those dealing in large volumes can also enjoy rebates of up to $2.50 per forex lot.
Assets
	75
GBPUSD Spread
	0.23
EURUSD Spread
	0.02
EURGBP Spread
	0.27
Cryptocurrency
Nexo provides trading services for approximately 70 tokens, including Bitcoin. Users can buy, sell, and exchange digital assets directly on the platform, with access to over 500 trading pairs. Additionally, these assets can serve as collateral for fiat loans or generate passive income through the ‘smart staking’ option and interest from peer-to-peer loans.	IC Markets provides a range of over 20 cryptocurrencies for trading through CFDs, featuring less common tokens like Avalanche, Kusama, and Uniswap. Traders can enjoy commission-free transactions and experienced individuals can utilise high leverage up to 1:200 via the MetaTrader platforms.
Spread
N/A	BTC 42.036
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 BCH DOT DSH EMC EOS ETH LNK LTC NMC PPC XLM XRP ADA BNB DOG UNI XTZ
Crypto Lending
Yes	No
Crypto Mining
No	No
Crypto Staking
Yes	No
Auto Market Maker
No	No

Nexo	IC Markets
Review	Review
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