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Nexus Trade Trading Signals - TU Expert review

Updated: October 05, 2023
Mikhail Vnuchkov
Contributor
Opinions expressed by Traders Union Contributors are their own.
Reviewed by
Olga Shendetskaya
Editor
Official Nexus Trade
website Full Nexus Trade
overview

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Nexus Trade Fees and Minimum Deposit

Table of Contents

  • Intro
  • Short introduction
  • Pros and cons
  • What are trading signals?
  • Nexus Trade Trading Signals
  • Conclusions
  • FAQs
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Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of Nexus Trade trading signals. You will learn what kinds of trading signals Nexus Trade offers and what the conditions for using them are.

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.

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.

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

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.

See related articles in our selection:

FAQs

Is automatic position opening based on signals possible?

Yes, it is what copy trading implies. In this case, all trades are copied automatically to the trader’s platform.

Are there fees charged for trading signals?

Yes. As a rule, the fee is charged as a markup to the spread, or it could be a subscription fee, or a percentage of the profit, etc.

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.

Team that worked on the article

Mikhail Vnuchkov
Mikhail Vnuchkov
Author at Traders Union

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

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Olga Shendetskaya
Olga Shendetskaya
Author and editor at Traders Union

Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.

Read more