Nexus Trade Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $20
- Proprietary platform
- All major cryptocurrencies are presented, there are many pairs with fiat, Nexus Vault is a passive earnings program low fees
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $20
- Proprietary platform
- All major cryptocurrencies are presented, there are many pairs with fiat, Nexus Vault is a passive earnings program low fees
Our Evaluation of Nexus Trade
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Nexus Trade is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 4.28 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Nexus Trade clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Nexus Trade is a versatile trading platform intended for trading a vast array of cryptocurrencies, tokenized assets, and currencies. Exchange operations are carried out for dozens of crypto-crypto and crypto-fiat pairs. The exchange does not have an affiliate program or standard investment programs. However, the user can passively earn money by storing cryptocurrencies in a multicurrency wallet.
Brief Look at Nexus Trade
The Nexus Trade exchange is a platform for trading cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Stellar, Zcash, stablecoins, etc., and tokenized assets; as well as currencies. The US dollar, Australian dollar, euro, Japanese yen, pound sterling, and other world currencies are represented among the fiat funds on the platform. The crypto exchange offers proprietary software, which comprises a trading platform (web version only) and a versatile multi-currency wallet with the ability to permanently receive interest from cryptocurrency storage (Nexus Vault). The trading terminal has a simplistic interface and a top-notch level of security. Its service systems are constantly being tested and improved at Amazon and Cloudflare.
- the platform has a user-friendly trading terminal;
- top-drawer protection of user data;
- the most popular cryptocurrencies and tokenized assets;
- loads of pairs with fiat funds;
- all main channels for depositing/withdrawing funds are available;
- Nexus Vault for passive earnings on cryptocurrency;
- low trading fees (minimum — 0.05% at the fifth trading level).
- absence of call center;
- there are no tutorials;
- no license information.
TU Expert Advice
Financial expert and analyst at Traders Union
Nexus Trade crypto exchange is UK-based, and the official website provides full legal information about the founders and the status of the company. However, there is no evidence of a license to carry out activities related to the trade of cryptocurrencies and tokenized assets.
Functionally, the site works stably. Typical KYC registration uses minimum time. After verification, the user receives a personal account with a universal multi-currency wallet at the client’s disposal. The trading terminal is presented only by the browser version through the website. The terminal is standard, similar to the terminals of most other cryptocurrency exchanges.
There are phenomenal on-site features such as low fees, from 0.05 to 0.22%, depending on the trading level and volatility. An additional fee is imposed on exotic cryptocurrencies and fiat currencies. You can deposit and withdraw funds by almost any method. The minimum deposit is US$20 (or the equivalent in other currency).
Trading volumes are high, the exchange is ground-breaking because new assets are constantly being added. There are proprietary products such as exchange Vaults and White-Label. Vaults are intended for deposits but the user can reserve a part of the cryptocurrency in his account for the partners of the site to use. For this, the site pays daily interest, starting from the 25th day. The user can still use the reserved funds at any time, they are not blocked. The White-Label solution is designed for private crypto exchanges.
The lack of license data is an obvious disadvantage, but the Nexus Trade exchange fulfills its obligations to traders and offers favorable trading conditions.
Nexus Trade Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Proprietary platform |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Multi-wallet (cryptos, currencies) |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, crypto and e-wallets |
| 🚀 Minimum deposit: | $20 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | Zero-entry |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptos, currencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | No |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | Not indicated |
| ⭐ Trading features: |
All major cryptocurrencies are presented, there are many pairs with fiat, Nexus Vault is a passive earnings program low fees |
| 🎁 Contests and bonuses: | Not indicated |
At Nexus Trade you can make a deposit not only in US dollars but also in any other currency or cryptocurrency, the amount will be equivalently recalculated. There are no fees for entering. The exchange provides the opportunity for free trading using any trading strategies but does not provide leverage, stop loss or take profit functions, or any other instruments that facilitate trading to increase income. Communication with technical support is conducted only through the ticket system in the corresponding section of the site. The table below shows the detailed trading conditions:
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Commissions & Fees
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0-4,999,999 — 0.22%;
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5,000,000 — 0.19%;
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10,000,000 — 0.15%;
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15,000,000 — 0.10%;
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30,000,000 — 0.05%.
If you do not trade BTC, ETH, LTC, BCH, XRP, or XLM, but other cryptocurrency assets, the site considers them exotic. Exotic crypto-assets are subject to an additional fee of +0.02%, which is added to the base fee.
If you do not trade USD, EUR, or JPY, but another fiat, the site considers them exotic. Exotic fiats are subject to an additional tax of +0.06%, which is added to the base amount.
If in a pair of crypto-crypto or crypto-fiat, both assets are non-standard, so the additional fee is summed up (+ 0.02%, + 0.06%).
The withdrawal fee is fixed at 0.2%.
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | 0.22% per order | Yes |
Nexus Trade trading fees are below the market average. The more you trade, the more profitable your trade because the fee decreases. For comparison, here is a table with the commissions of several popular crypto exchanges:
| Broker | Average commission | Level |
|---|---|---|
|
$0.22 | |
|
$20 | |
|
$0.1 |
Investment Programs, Available Markets, and Products of the Crypto Exchange
Nexus Trade crypto exchange does not offer standard investment programs. However, traders can receive passive earnings if they activate the Nexus Vault feature. This is the company's development fund, the essence of which is to provide the trader's CeFi and DeFi coins to trusted exchange partners for their personal use.
Partners are screened through a risk management system that reviews the collateral management process, cash flows, balance sheets, and financial statements. The automated risk management Nexus Trade system monitors positions around the clock and can withdraw a loan promptly. The treasury system manages reserve balances to facilitate the withdrawal of clients' funds from vaults.
Reserved funds allow you to receive daily interest starting from the 25th day of the reservation. The interest payments are 11% for stablecoins, 6.5% for BTC and ETH. To participate in the program, you must complete the following steps:
Register on the Nexus Trade website.
Pass a thorough KYC verification.
Fund your account using fiat, stablecoins, or cryptocurrency.
Select a rate for the Nexus Vault.
Select the amount of investment.
Confirm the transfer.
After that, the program is automatically activated and after 25 days it will start bringing you interest. The reserved funds are not subject to blocking. This means that you can withdraw them at any time, but only the full amount, not part of it. The 25-day period is reset at this stage, and the next time you enter the passive earnings option, the Nexus Vault becomes relevant again.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Nexus Trade’s affiliate program
The Nexus Trade crypto exchange does not provide affiliate (referral) programs. Site users can only earn on the purchase and sale of cryptocurrency, tokenized assets, and fiat. The only passive earning option is the contribution of CeFi and DeFi coins to the Nexus Vault.
User Satisfaction