Nexo vs Revolut
Nexo or Revolut – which is better for UK traders 2024? Compare Nexo and Revolut in this detailed breakdown of their platforms, features and fees.
Nexo | Revolut |
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Nexo is ranked #39 among crypto brokers. | Revolut is ranked #95 among UK brokers. |
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. | Revolut is a popular financial app that also offers trading on stocks, metals and digital currencies. The brand has over 25 million users worldwide with a choice of accounts, tools and services to suit different needs and budgets, including online investing and currency exchange. |
Revolut operates across many global entities. The entity with whom a client receives services from depends on their country of residence. Each entity provides different products via different platforms, so clients will experience Revolut differently depending on their country of residence. Revolut Ltd (No. 08804411) is authorized by the Financial Conduct Authority under the Electronic Money Regulations 2011 (Firm Reference 900562). Revolut's cryptocurrency service is not regulated by the FCA, other than for the purposes of money laundering. Revolut Ltd has been temporarily registered with the FCA as a cryptoasset business, pending determination of its application by the FCA. Cryptoassets are volatile and not regulated or protected by investor compensation schemes – value can go down or up. Trading may be subject to tax. Fees payable. | |
Pros | |
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Cons | |
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Awards | |
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FCA Regulated | |
No | Yes |
Instruments | |
Cryptos | Stocks, Cryptos, Commodities |
Demo Account | |
No | No |
Minimum Deposit | |
$10 | $0 |
Payment Methods | |
Minimum Trade | |
$30 | $1 |
Regulator | |
FCA, Bank of Lithuania | |
Mobile Apps | |
iOS & Android | iOS & Android |
iOS App Rating | |
Android App Rating | |
Margin Trading | |
Yes | No |
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 | No |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
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 | No |
Inactivity Fee | |
$0 | |
Islamic Account | |
No | No |
Account Currencies | |
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Commodities | |
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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. | Invest in 100+ crypto tokens using 30+ fiat currencies. You can buy, sell and transfer cryptos on the iOS and Android app. We like that traders can also choose to round up leftover cash from card transactions in crypto and use their crypto balance to make card payments. |
Spread | |
N/A | 2.5% commission for standard profiles |
Coins | |
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Crypto Lending | |
Yes | No |
Crypto Mining | |
No | No |
Crypto Staking | |
Yes | No |
Auto Market Maker | |
No | No |
Nexo | Revolut |
Revolut operates across many global entities. The entity with whom a client receives services from depends on their country of residence. Each entity provides different products via different platforms, so clients will experience Revolut differently depending on their country of residence. Revolut Ltd (No. 08804411) is authorized by the Financial Conduct Authority under the Electronic Money Regulations 2011 (Firm Reference 900562). Revolut's cryptocurrency service is not regulated by the FCA, other than for the purposes of money laundering. Revolut Ltd has been temporarily registered with the FCA as a cryptoasset business, pending determination of its application by the FCA. Cryptoassets are volatile and not regulated or protected by investor compensation schemes – value can go down or up. Trading may be subject to tax. Fees payable. | |
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