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Robinhood vs Nexo

Robinhood is a free way to trade stocks with limited bells and whistles. How does it compare to Nexo? Read our comparison chart below.

Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $5/month.

While Nexo is a crypto banking platform offering high interest rates on a variety of cryptocurrencies and stablecoins along with crypto-backed loans. Users can earn interest on EUR, GBP, and USD. They also have a limited exchange.

Compare Robinhood with Nexo, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 RobinhoodNexo
 Visit SiteVisit Site
 

Robinhood

Nexo

OFFER
Get a Free Stock (worth between $2.50 and $225) - Learn More

Read Robinhood Review

SPECIAL OFFER
Welcome Bonus: Deposit $1000 and Get $100 in BTC - Learn More

Read Nexo Review

 

Benefits and Features

Stock Trading
$0
 
Options Trading
$0
 
Annual Fee
None
 
Cryptocurrency Trading
Check
 
Minimum Deposit
$0
 
Mutual Fund Trading
No
 
Commission Free ETFsAll U.S. listed ETFs 
Phone Support
24/7
 
Live Chat Support
No
 
Email Support
Yes
 
Human Advisors
No
 
Robo Advisor
No
 
Assets Under Management
$80 Billion
 
Cryptocurrencies SupportedETC, ETH, BSV, BCH, BTC, DOGE, LTC, COMP, MATIC, SOL, SHIBBTC, ETH, LTC, XRP, EOS, XLM, BCH, USDT, USDC, USDP, TUSD, DAI, USDX, EURX, GBPX, DOT, BNB, LINK, TRX, PAX Gold, ADA, SOL, DOGE, AVAX, AXS, MATIC, LUNA
Fiat Currencies Supported
USD
Over 40
Digital Wallet
No
Yes
Tax Loss Harvesting
No
 
Transaction Fee
No
No
Copy Trading
No
No
Limit Orders
Yes
No
Goal Tracker
No
 
Interest Accounts
Up to 0.30%
Up to 20% APR (Not Available in US)
Automatic Deposits
Yes
 
Crypto Loans
No
Yes
Bitcoin (BTC) Interest Rates 
4.0 - 8.0%
Broker Assisted Trades
Not available
 
Good For
Beginners; Active traders
 
Inactivity Fee
$0
 
Maintenance Fee
$0
 
Online Platform
Yes
 
Ethereum (ETH) Interest Rates 
4.0 - 8.0%
iPhone App
Yes (4.2 stars, 4m ratings)
 
Android App
Yes (3.8 stars, 453k ratings)
 
Bank Account Purchase Fee
No
No
Litecoin (LTC) Interest Rates 
4.0 - 8.0%
Debit Card Purchase Fee
No
No
Tether (USDT) Interest Rates 
8.0 - 12.0%
USD Coin (USDC) Interest Rates 
8.0 - 12.0%
BankingRobinhood Cash Card (coming soon). No monthly fee, minimum balance, or overdraft fees; Ability to earn stock and crypto rewards. 
Mobile App
Yes
Yes
ACH Transfer Fee
No
No
Wire Transfer Fee
No
No
Crypto Conversion Fee
No
No
Anonymity
No
No
Biometric Login
TouchID or FaceID
Yes
Cold Storage
Yes
Yes
Maximum Trading Amount
No
$100,000 USD per transaction with no transaction limit per day
Two-Factor Authentication
Yes
Yes
Withdrawal Limit
$50,000 per business day
Free withdrawals depend on loyalty tier:
Basic: 1 per month
Silver: 2 per month
Gold: 3 per month
Platinum: 5 per month
Locations
No
 
Online Community
No
 
Seminars
No
 
Virtual Trading
No
 
Fractional Shares
Yes
 
Taxable Accounts
Yes
 
401k Plans
No
 
IRA Accounts
No
 
Roth IRA Accounts
No
 
SEP IRA Accounts
No
 
Trust Accounts
No
 
529 Plans
No
 
 

CreditDonkey® Reviews

 RobinhoodNexo
Stock TradingStarStarStarStarStar
Options TradingStarStarStarStarEmpty Star
Minimum DepositStarStarStarStarStar
Customer ServiceStarStarStarStarEmpty Star
Mobile AppStarStarStarStarEmpty Star
Commissions and FeesStarStarStarStarStarStarStarStarStarStar
Ease of UseStarStarStarStarStar
ResearchStarEmpty StarEmpty StarEmpty StarEmpty Star
Interest AccountsStarStarStarStarStar
SafetyStarStarStarStarEmpty Star
Pros & ConsPros:
  • Commission-free trades
  • No minimum
  • Extended trading hours
Cons:
  • No IRAs
  • Limited research
  • No mutual funds & bonds
Pros:
  • Good APY
  • Comprehensive mobile app
  • Advanced security features
Cons:
  • Limited educational tools
Bottom LineFree way to trade stocks with limited bells and whistles... Read full reviewSafe way to earn interest on crypto assets... Read full review
 Visit SiteVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Robinhood: Pricing information from published websites as of 04/18/2020.

Nexo: Pricing information from published website as of 01/26/2022. Nexo Earn Interest is not available in the United States.

Robinhood

Commission-Free Trades

Trade stocks, funds, options, and cryptocurrencies

Robinhood

Commission-Free Options Investing

Robinhood offers commission-free and no monthly fee options trading.

Nexo

Welcome Bonus: Deposit $1000 and Get $100 in BTC

Sign up for a new Nexo account, and make a top-up of at least $1,000.

Nexo

Welcome Bonus: Deposit $100 and Get $10 in BTC

Sign up for a new Nexo account, and make a top-up of at least $100.

Which is Better: Robinhood or Nexo?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Robinhood or Ally Invest.


Articles on Robinhood

Robinhood

Robinhood lets you trade stocks commission-free and has no account minimums. Is it safe? Are there hidden fees? Read on for the pros and cons.

Buy Bitcoin on Robinhood or Coinbase Pro

Robinhood and Coinbase Pro are two of the biggest names in retail investing and crypto trading. But which is best for buying Bitcoin?

Robinhood Alternatives

When it comes to buying stocks online, many think of Robinhood first. But how do other apps compare? Is there a better commission fee-free app?

Robinhood App

Thinking about trading on Robinhood? Good job on getting started investing! But first, there are 7 things you need to know before investing on Robinhood.

Articles on Nexo

Nexo Review

Nexo offers a way to earn interest on your crypto holdings, borrow cash or stablecoins, and spend your crypto in the real world. But is it safe?

Which Do You Think is Best?





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