Updated September 29, 2026 · BrokerCue Editorial Team
FXTM vs Nexo
Where FXTM and Nexo differ
| Compare | FXTM ReviewSee alternativesSee alternatives |  Nexo |
|---|---|---|
| Minimum deposit | $10Lower | $5,000 |
| Markets | Stocks, ETFs, Forex, CFDs, Futures, Crypto, Bonds, MetalsCovers more | Crypto, Futures |
| Regulators | FCA, CySEC | Department of Financial Protection and Innovation, National Securities Commission (CNV) of the Argentine Republic, Companies Registry, Ministry of Finance, Financial Services Authority Seychelles |
| Investor protection | FSCS up to GBP 85,000 | SIPC up to USD 500,000 |
| Platforms | Desktop, Mobile App, MetaTrader 4, MetaTrader 5 | Web platform, Mobile app |
| Maximum retail leverage | 1:2000 | 100x |
| Inactivity fee | $5 | Not confirmed |
| Retail accounts that lose money | 88% | Not confirmed |
| Margin rate | Not confirmed | 1.9% |
| Deposit and withdrawal fees | No deposit fees; withdrawal fees vary by method | Not confirmed |
| Account types | Not confirmed | Corporate |
| Interest on cash | Not confirmed | 13% |
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Key differences
- FXTM scores higher overall: 9.3 vs 9.0.
- Regulators: only FXTM offers FCA, CySEC.
- Regulators: only Nexo offers Department of Financial Protection and Innovation, National Securities Commission (CNV) of the Argentine Republic, Companies Registry.
- Nexo is licensed in 3 more countries.
- Minimum deposit is lower at FXTM: $10 vs $5,000.
- Markets: only FXTM offers Stocks, ETFs, Forex.
- Platforms: only FXTM offers Desktop, MetaTrader 4, MetaTrader 5.
- Platforms: only Nexo offers Web platform.
- Features: only FXTM offers Copy trading.
Our verdict on each
FXTM
FXTM suits traders who want forex, CFDs, futures, crypto and shares under one account, with retail leverage of 1:2000 and dual regulation behind the money. Costs are the compromise: entry is light, but support runs on help centre only, and a dormant account is charged rather than left free.
Nexo
Nexo suits corporate account holders who want crypto plus futures trading on web and mobile platforms with margin borrowing available. You should weigh minimum funding of $5,000 and margin rate of 1.9% against demo access and limited market breadth before you commit capital.
Score breakdown
| Area | FXTM | Nexo |
|---|---|---|
| Cost | 9.0Entry costs are light, with a $10 starting deposit and No deposit fees; withdrawal fees vary by method, though dormant accounts pay $5. | 9.0Margin borrowing priced with margin rate of 1.9% supports cost view. |
| Offer | 9.3Higher | 8.9Offer centres on markets of crypto and futures via platforms of Web platform and Mobile app. |
| Trust | 9.5Higher | 9.0Trust reflects cover of SIPC up to USD 500,000. |
How they place
| Ranking | FXTM | Nexo |
|---|---|---|
| Futures trading platforms | 14 of 83 | 1 of 83 |
Feature by feature
| Markets | FXTM | Nexo |
|---|---|---|
| Stocks | Yes | No |
| ETFs | Yes | No |
| Forex | Yes | No |
| CFDs | Yes | No |
| Futures | Yes | Yes |
| Crypto | Yes | Yes |
| Bonds | Yes | No |
| Metals | Yes | No |
Where these facts come from
FXTM
- fxtm.com: 5 facts, checked September 26, 2026
- brokersway.com: 4 facts, checked September 26, 2026
- trade-leader.com: 2 facts, checked September 26, 2026
Nexo
- nexo.com: 9 facts, checked September 29, 2026
- portal.dfpi.ca.gov: 2 facts, checked September 29, 2026
Every fact side by side
| Fact | FXTM | Nexo |
|---|---|---|
| Features | Demo account, Copy trading, Mobile app, CryptoCovers more | Crypto, Demo account, Mobile app |
| Pricing model | Not confirmed | Low fees |
| Support channels | Help centre | Not confirmed |
Where each stands against the rest
| Fact | FXTM | Nexo | Median |
|---|---|---|---|
| Minimum deposit | $10at the median | $5,000highest quarter | $10 |
| Inactivity fee | $5above the median | Not confirmed | $0 |
| Retail accounts that lose money | 88%highest quarter | Not confirmed | 70.375% |
| Margin rate | Not confirmed | 1.9%lowest quarter | 8.79% |
| Interest on cash | Not confirmed | 13%highest quarter | 3% |
Median across 99 listed brokers.
Pros and cons
FXTM
Pros
- One account spans stocks, etfs and forex.
- The FCA and CySEC both appear under FCA and CySEC, with FSCS up to GBP 85,000 for UK clients.
- Trading runs on Desktop, Mobile App and MetaTrader 4, and demo account, copy trading and mobile app adds a demo account and copy trading.
Cons
- Dormant balances are charged $5, a cost active traders never meet.
- Support runs on help centre only.
- Leverage of 1:2000 magnifies losses, and 88% of retail accounts lose money.
Nexo
Pros
- Crypto and futures coverage in crypto and futures suits focused digital asset traders rather than general equity investors.
- Corporate access through corporate suits entities that need business onboarding rather than personal accounts.
- Margin access with margin rate of 1.9% gives clear borrowing pricing for planned leveraged use.
Cons
- Entry funding of $5,000 is high beside $50 at eToro and $1 at Kraken, which limits casual access.
- Market breadth is narrow at crypto and futures, with crypto and futures focus and no stocks or funds breadth for diversification.
- Support runs on chat, email and help centre only, which may deter you if you prefer phone help available elsewhere.
Who each suits
FXTM
Who it suits
- Traders who want forex, CFDs, futures, crypto and shares in one place from a $10 start.
- Newcomers who want a demo account and copy trading through demo account, copy trading and mobile app.
- Clients who want regulation in the UK and Cyprus under FCA and CySEC.
Who should look elsewhere
- Anyone who wants to open with nothing: CFI has a $0 minimum.
- Traders focused on shares, ETFs and crypto rather than bonds and metals: eToro's markets are stocks, etfs and forex.
- Small accounts wanting a cheaper opening: Vantage starts at $5.
Nexo
Who it suits
- Corporate desks that accept $5,000 and prefer Nexo focus over eToro retail breadth
- Crypto futures users who value Web platform and Mobile app and prefer Nexo margin clarity over Kraken entry level simplicity
- Entity clients comfortable with chat, email and help centre who prefer Nexo structure over NAGA retail positioning
Who should look elsewhere
- Traders seeking low entry balances who prefer eToro because $50 is below $5,000
- Crypto beginners wanting simple retail onboarding who prefer Kraken because $1 is below $5,000
Questions about each
FXTM
What does it cost to open and keep an FXTM account?+
Opening an account starts at $10, and the deposit and withdrawal terms read No deposit fees; withdrawal fees vary by method. The fee to watch is the inactivity charge of $5, which bites once an account sits idle, so running costs stay low only while you keep trading.
Is my money protected at FXTM?+
FXTM is regulated by the FCA and CySEC, and the investor protection stated is FSCS up to GBP 85,000. That cover sits with the regulated entity holding the account, so check which one your account is opened with before treating the protection as your own.
Nexo
What can you trade with Nexo?+
Nexo focuses on markets of crypto and futures, which means crypto and futures activity rather than broad equities or funds. Access is through platforms of Web platform and Mobile app, giving web based management plus mobile use for monitoring. You should confirm that this limited scope matches your plan before you apply.
How much do you need to open a Nexo account?+
Nexo lists minimum deposit of $5,000 and account choice of corporate, so access is framed around corporate funding. You should prepare qualifying funds and corporate documentation before you start. This structure suits entities rather than individuals seeking small retail balances.