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
- $1
- TradingView
- Referral bonuses and tournaments (standard and demo mode)
Our Evaluation of Nominex
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
Nominex is a high-risk cryptocurrency exchange with the TU Overall Score of 2.81 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Nominex clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
The Nominex cryptocurrency exchange offers many crypto-to-crypto pairs, low commissions, a simple trading terminal interface, and a high level of protection for user funds. The referral program and working token farming provide passive income that gets higher with active trading. The existence of a demo mode in tournaments and training makes the platform convenient for novice traders. Professionals receive extended orders and reliability guarantees.
Brief Look at Nominex
Nominex is the official broker of the Binance cryptocurrency exchange. This gives the platform advantages in the form of reliable crypto storage and industry best practices. The broker uses Google servers, which guarantees high optimization and prompt execution of transactions. Over 1,000 instruments are presented at Nominex. In addition to trading crypto-crypto pairs, traders can earn on farming NMX tokens, which gives additional profit through staking and allows you to reduce trading fees to zero. The broker has a 5-level affiliate program that provides 9 types of rewards for active trading. The platform holds regular tournaments with real prizes, including events in demo mode for beginners. It has its own training program that simply and clearly explains the basics of cryptocurrency trading.
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- The broker has more than 1,000 assets, including Bitcoin, as well as Ethereum, Litecoin, Tether, Ripple, and other popular altcoins.
- Transparent commissions up to 0.10%, which decrease with trading volume and when staking NMX tokens.
- There are extended order types including stop limit, trailing stop, and scalable orders.
- High level of cyber security provided by Binance crypto exchange technologies.
- For the basic level of trading, you do not need to go through KYC verification and identity verification.
- Almost all deposit options are available, including Visa/MC plastic cards and bank accounts.
- Profitable DeFI farming of working NMX tokens, high yield staking, and lower fees are available.
- The crypto-exchange has a lot of assets, but trading is carried out only in cryptocurrency, and there are no fiat pairs.
- Technical support can only be contacted by email, and the exchange does not have its own call center.
- The training program does not provide useful information to those who are already experienced with crypto trading.
TU Expert Advice
Financial expert and analyst at Traders Union
The Nominex crypto exchange, being the official broker of Binance, received a powerful development at the start and reached the top in the segment within 3 years. This determined its main advantages: a large pool of assets, stable technical part, and favorable trading conditions. Now more than 1,000 assets are traded at the platform, and loyal listings are constantly expanding the pool. For example, at the moment, Metaverse cryptocurrencies like MANA, APE, HIGHT, FLOKI are very popular.
Commissions are mid-market, starting at 0.10% for taker and maker, but halved if the trader is actively trading NMX and holding the exchange's working token for staking. Although technically we are talking about farming. The difference is that when farming, the coins placed by investors in the pool are not used to mine new coins, but to secure transactions in the pool. But from the side of the investor, both mechanisms look the same — he provides his funds at interest.
The crypto exchange uses the TradingView browser terminal, but with unique modifications. For example, there are extended orders. Stop orders do not surprise anyone today, but scalable orders are an interesting solution. They are designed to automatically create multiple limit orders in a price range defined by the user. This is not the only tool that allows Nominex exchange investors to effectively mitigate trading risks.
Another feature of the broker is an extensive referral program. It has 5 base levels and an unlimited number of sublevels. The trader receives direct profit from two invited users, then indirect from four referrals who were invited by the traders he attracted. Technically, there can be as many levels as you like, and the number of referrals is growing exponentially. There are 9 types of bonuses, including team ones. In general, the platform has something to offer progressive traders and investors, so I recommend it for consideration.
Nominex Summary
| 💻 Trading platform: | TradingView in-browser terminal |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | over 1,000 cryptocurrencies |
| 💵 Deposit / Withdrawal: | Bank card, bank account, cryptocurrency e-wallet, electronic payment system |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Spot: 0,1%-0,1% |
| 🔧 Instruments: | 244 supported coins. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | Yes |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Farming/staking and referral program with infinite levels |
| ⭐ Trading features: | Referral bonuses and tournaments (standard and demo mode) |
| 🎁 Contests and bonuses: | No |
Given the opportunity to reduce fees through the working NMX token, the Nominex exchange has one of the most favorable trading conditions. Nevertheless, in general, trading on the platform does not have critical advantages over competitors and is rated as the market average. The table below shows the main parameters of this crypto exchange.
Nominex Key Parameters Evaluation
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Regulation and safety
With a 5.25/10 score, Nominex demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- 2FA
- Cold wallet storage
- No successful hacks history
- No investor protection fund
- Not tier-1 regulated
- Not government-regulated
- No facial recognition
Nominex Security Factors
We also compared Nominex against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Nominex | OKX | Kraken | |
| Tier-1 regulation | No | No | Yes |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | No | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is Nominex a regulated crypto exchange?
Nominex is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean Nominex is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.
Is verification (KYC) mandatory at Nominex?
Yes, KYC verification is mandatory at Nominex. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is Nominex available?
Nominex complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Iran, Islamic republic, Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact Nominex support.
Is Nominex available in the USA?
Yes, Nominex is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
Nominex commissions and fees
Nominex received a 7.75/10 score for its trading fees. While Nominex is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are Nominex trading fees?
We analyzed Nominex’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Nominex trading fees vs competitors
| Nominex | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0,1 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,1 | 0,22 | 0 | 0.194 |
What are Nominex deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,0005 BTC 0,01 ETH |
Does Nominex offer P2P trading?
No, Nominex does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and withdrawal
Nominex received a 2.5/10 rating for its deposit and withdrawal services. Nominex offers limited funding options and may charge fees, which could be inconvenient for many users.
- No deposit fees
- Many cryptocurrencies for deposits and withdrawals
- No PayPal option
- Bank transfers not available
- Withdrawal fee applies
Deposit and withdrawal options
Nominex supports the following deposit and withdrawal options: Crypto.
Nominex Deposit and withdrawal options vs competitors
| Nominex | OKX | Kraken | |
| Bank transfers | No | No | Yes |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is Nominex minimum deposit?
The minimum deposit at Nominex is 20 USD/USDT or 0,0004 BTC. The minimum trade size is 10 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Nominex minimum deposit vs competitors
| Nominex | OKX | Kraken | |
| Minimum deposit, USD or USDT | 20 | 10 | 10 |
| Minimum deposit, BTC | 0,0004 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 10 | 0,00001 | 1 |
Does Nominex support fiat money?
Nominex does not support fiat currencies; only cryptocurrencies are accepted.
Supported coins & markets
Nominex received a score of 2/10 in this category, indicating a modest offering of assets and markets. While Nominex covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Staking available
- Other supported products
- Crypto options not available
- NTFs not available
Nominex supported coins and markets vs competitors
We compared Nominex with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| Nominex | OKX | Kraken | |
| Supported coins | 244 | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
Nominex passive income options vs competitors
We also compared Nominex with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Contacts
| Foundation date | 2019 |
|---|---|
| Registration address | Victoria Beau Vallon, Seychelles |
| Official site | https://nominex.io/ |
| Contacts |
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