Nexus Trade Fees and Minimum Deposit - TU Expert review
After considering a crypto exchange’s security, examining its fees is the next crucial step. Lower fees translate to higher potential profits. Newcomers to crypto trading may also want to consider the minimum deposit required to start trading, as they might prefer to begin with a smaller investment.
Traders Union analysts have assessed Nexus Trade fees and minimum deposit requirements to help prospective crypto traders make informed decisions.
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.
👍 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.
Nexus Trade Commissions and Fees
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):
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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 | Spread (minimum value) | Withdrawal commission |
| Standard | 0.22% per order | Yes |
A broker is an intermediary between a trader and an exchange. Therefore, brokers charge fees for their services. The fees may have different structure.
There are the following fees in the Crypto market:
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Spread – the difference between the buy and the sell price of an asset.
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Commission per lot.
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Commission per trade.
Broker fees may differ depending on the trading account type. For example, on some accounts spread is used as a trading fee, and on others – commission per lot.
Why is it important to consider the minimum deposit at a cryptocurrency exchange?
Accessibility: The minimum deposit helps traders determine if they can afford to start trading on an exchange.
Risk Management: Exchange-set minimum deposits ensure traders have sufficient funds to cover potential losses and fees, preventing financial overextension.
Platform Suitability: The minimum deposit amount can be an indicator of the exchange’s target audience and trading volume, aiding traders in selecting a platform aligned with their goals.
Cost Considerations: Assessing minimum deposit requirements helps traders account for trading expenses.
Are the fees and minimum deposit requirements at Nexus Trade suitable for beginners?
Analysis of Nexus Trade shows that the broker has a rather high minimum deposit. It could pose a problem for traders, who are only starting their path in trading. Nevertheless, the fees are low. Therefore, the broker will be a good choice for professional traders.
FAQs
Can you cover the fees with bonuses?
Yes, it is possible. Some brokers offer a welcome or deposit bonus that can be used to cover the fees.
Can the fees differ depending on the asset?
Yes. This is why many brokers specify the fees for each asset individually.
Can you reduce the fees?
As a rule, the fees depend on the trading account type. Also, companies may have special offers.
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Team that worked on the article
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.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.