Nexus Trade Trading Signals - TU Expert review

Updated: October 05, 2023

Mikhail Vnuchkov

Contributor

Reviewed by

Olga Shendetskaya

Editor

Full Nexus Trade
overview

Nexus Trade Trading Signals

Information

The Nexus Trade exchange charges users a fixed fee on trading operations. The amount of the fee depends on the trading level, which is determined by the trading volume. There are the following levels and their corresponding fees (trading volumes are indicated in US dollars):

0-4,999,999 — 0.22%;
5,000,000 — 0.19%;
10,000,000 — 0.15%;
15,000,000 — 0.10%;
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	Spread (minimum value)	Withdrawal commission
Standard	0.22% per order	Yes

What are trading signals?

Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.

A broker can provide signals in several ways:

Copy trading.
Email alerts.
Signals through a blog on the website.
Recommendations of a personal manager, etc.

When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.

Short introduction of 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.

💰 Account currency:	Multi-wallet (cryptos, currencies)
🚀 Minimum deposit:	$20
⚖️ Leverage:	1:1
💱 Spread:	Market
🔧 Instruments:	Cryptos, currencies
💹 Margin Call / Stop Out:	No

Nexus Trade Pros and Cons

👍 Advantages of trading with Nexus Trade:

•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).

👎 Disadvantages of Nexus Trade:

•absence of call center;

•there are no tutorials;

•no license information.

Conclusion

Based on the results of the analysis, Traders Union analysts have concluded that Nexus Trade does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.

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FAQs

Can I lose money by trading signals?

Keep in mind that there are no ideal trading signals and trading signals may lead to a loss of funds. There are always risks.

How are the signals provided via a newsletter?

A trader regularly receives trading signals to his/her email or personal messages in the account. As a rule, they are provided in the form of a report with screenshots of technical analysis.

Can trading signals depend on the account type?

Yes. As a rule, they are provided for certain account types, but may also be available for the standard account.