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.

	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
Minimum Deposit	$0
Mutual Fund Trading	No
Commission Free ETFs	All 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 Supported	ETC, ETH, BSV, BCH, BTC, DOGE, LTC, COMP, MATIC, SOL, SHIB	BTC, 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%
Banking	Robinhood 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

Stock Trading
Options Trading
Minimum Deposit
Customer Service
Mobile App
Commissions and Fees
Ease of Use
Research
Interest Accounts
Safety
Pros & Cons	Pros: 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 Line	Free way to trade stocks with limited bells and whistles... Read full review	Safe way to earn interest on crypto assets... Read full review

	Get a Free Stock (worth between $2.50 and $225) Commission-Free Trades Commission-Free Options Investing	Welcome Bonus: Deposit $1000 and Get $100 in BTC Unlock the Power of Your Crypto Welcome Bonus: Deposit $100 and Get $10 in BTC
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.

Get a Free Stock (worth between $2.50 and $225)

Get a Free Stock

Commission-Free Trades

Get Deal

Trade stocks, funds, options, and cryptocurrencies

Commission-Free Options Investing

Get Deal

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

Which is Better: Robinhood or Nexo?

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