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.
Founded in 2008 and based in Israel, Plus500 is a leading brokerage with over 25 million registered traders across more than 50 countries. It focuses on CFD trading, offering a user-friendly proprietary platform and mobile app. The company provides competitive spreads and does not impose commissions or charges for deposits or withdrawals. Plus500 stands out as a highly trusted broker, licensed by respected authorities such as the FCA, ASIC, and CySEC.
82% of retail CFD accounts lose money.
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.
Plus500 offers a dedicated WebTrader platform tailored specifically for CFD trading. It features a user-friendly and streamlined interface.
In 2025, Plus500 expanded its range of share CFDs to include emerging sectors such as quantum computing and AI. This update opened up trading opportunities in stocks like IonQ, Rigetti, Duolingo, and Carvana.
The broker provides commission-free trading across a variety of markets, reducing extra charges and attracting experienced traders.
Plus500 has expanded its range of short-term trading instruments by adding VIX options, which feature increased volatility. Additionally, it has extended trading hours for seven stock CFDs.
Leverage can be used in trading both long and short positions, providing enhanced strategic opportunities.
The customer support team consistently delivers reliable support around the clock through email, live chat, and WhatsApp.
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.
Plus500's omission of MetaTrader and cTrader charting tools may deter seasoned traders seeking familiar platforms.
Educational resources are not as extensive as leading brokers such as eToro, which affects beginners' ability to learn quickly.
The lack of social trading features prevents users from copying trades made by seasoned traders.
Compared to competitors like IG, Plus500 offers limited research and analysis tools.
Algorithmic trading and scalping are not available, potentially deterring certain traders.
Awards
Best Cryptocurrency Wallet – FinTech Breakthrough Awards, 2023
Best Use of Crypto and/or Blockchain in Financial Services – PAY360 Awards, 2022
Plus500 have tailored their mobile apps to align with the WebTrader online platform. The app is secure, dependable, and ranks highly. Stop loss, limits, free alerts, and a comprehensive range of markets and instruments are provided. Access the download page here.
iOS App Rating
3.8
4.1
Android App Rating
4
4.3
Margin Trading
Yes
Yes
MetaTrader 4
No
No
MetaTrader 5
No
No
cTrader
No
No
AlgoTrader
No
No
OmniTrader
No
No
TradingView
No
No
Autochartist
No
No
eSignal
No
No
Trading Central
No
No
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
No
No
Robo Advisor
No
No
Negative Balance Protection
No
Yes
Market Maker
No
Yes
P2P Trading
No
No
Spot Trading
Yes
No
Auto Trading
No
Copy Trading
No
No
Social Trading
No
No
VPS Hosting
No
No
Tournaments
No
No
Demo Competitions
No
No
Ethical Investing
No
Yes
Custodial Account
No
No
Guaranteed Stop Loss
No
Yes
Inactivity Fee
$10
Islamic Account
No
Yes
Account Currencies
USD
EUR
GBP
USD
EUR
GBP
AUD
ZAR
CZK
Commodities
Copper
Cotton
Coffee
Livestock
Sugar
Gasoline
Cocoa
Platinum
Soybeans
Oil
Gold
Silver
Corn
Aluminium
Palladium
Wheat
Cattle
Lean Hogs
CFD
Plus500 offers commission-free CFDs across various markets, including currencies, stocks, indices, and commodities. Traders can take long or short positions on popular assets, enjoying flexible leverage with no hidden charges.
Leverage
1:30
FTSE Spread
Dynamic
GBPUSD Spread<
Dynamic
Oil Spread
Dynamic
Stocks Spread
Dynamic
Forex
Plus500 offers CFD trading in forex, with tight spreads across over 60 currency pairs. Testing showed spreads as low as 0.6 pips on the EUR/USD, lower than many competitors.
Assets
60+
GBPUSD Spread
Dynamic
EURUSD Spread
Dynamic
EURGBP Spread
Dynamic
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.
