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Broker comparison between eToro vs Exness
Do you want to figure out which is the better broker, etoro or exness?
In the following table, you can compare the features of etoro and exness side by side to determine the best fit for your trading needs.
Wikifx rating
Basic Information
Benchmark
Account
Which broker is more reliable?
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction.
2.Does etoro or exness have a lower transaction costs and fees?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we believe that etoro and exness are both reliable. We analyze the reasons as following:
Forex broker introduction
etoro
General Information & Regulation
eToro was founded in 2007 as an online trading platform that was easy for traders, with graphical representations of different financial instruments. In 2009, eToro launched an intuitive trading platform for novice and experienced traders. eToro added a variety of stocks to its commodities, forex, and other asset trading services in 2013 and continued to expand its portfolio of cryptocurrencies in addition to bitcoin in 2017. In 2008, eToro officially entered the U.S. market, offering cryptocurrency trading services to U.S. investors. Currently, eToro subsidiaries are regulated by the following authorities: eToro (Europe) Ltd., authorised and regulated by the Cyprus Securities Exchange Commission (CySEC) under the license # 109/10; eToro (UK) Ltd, authorised and regulated by the Financial Conduct Authority (FCA) under the license FRN 583263; eToro AUS Capital Limited authorised by the Australian Securities and Investments Commission (ASIC) under Australian Financial Services License 491139. eToro (Seychelles) Ltd. licenced by the Financial Services Authority Seychelles (“FSAS”) under the Securities Act 2007 License SD076.
Market Instruments
Investors can trade thousands of financial assets in multiple categories through the eToro broker, including commodities, cryptocurrencies, forex, indices, and ETFs.
Minimum Deposit of eToro
The minimum deposit to open a retail account is $200. Except for the following:
For clients in Israel is $10,000.
For clients in the US and Australia is $50.
For clients in Russia, China, Hong Kong, and Macau is $500.
For bank transfers, it is $500.
Leverage of eToro
eToro has two types of accounts for different types of investors, Retail and Pro accounts. Retail client accounts have maximum trading leverage of 1:30. Still, they can access specific protections such as compensation from the Investor Compensation Fund and assistance from the Financial Grievance Service. Additionally, they have access to negative balance protection and margin force closeout limits. Professional clients are those investors who have successfully passed the Professional Client Condition Test, which allows them to use unlimited leverage.
Spreads & Commissions of eToro
The minimum spreads start from 0.9 pips for EURUSD, 0.8 pips for GBP EUR, 1.2 pips for EUR GBP, 4.5 pips for Gold, 0.05 pips for Silver, 0.05 pips for Crude Oil, 0.01 pips for Natural Gas, 3.6 pips for the Australian 200 and 2 pips for the German 30.
Trading Platform of eToro
eToro's online trading platform and application offer a wide range of financial assets for trading and investment. Traders can gain access to more than 2,000 assets to trade through the eToro mobile or web platform, and appreciate the benefits of collective intelligence using ready-to-use CopyPortfolios™.
Deposit & Withdrawal of eToro
eToro supports VISA, MasterCard, PayPal, as well as wire transfers, NETELLER, WebMoney, Skrill, and other methods of deposit and withdrawal. Withdrawals are subject to processing fees, and any withdrawals in non-USD currencies are subject to exchange fees.
Customer Support
The help center features a live chat feature but it is a bit hidden within the FAQ section. Traders have reported that representatives are busy and no attention is available during the weekends. Theres no e-mail or phone support, as this broker relies on support tickets sent through the trading interface. The response to these tickets is sent to the e-mail inbox of each user. The response time is fast – 24 hours or less. eToro customer service is not the best, but it is sufficient to deal with basic issues.
exness
General Information & Regulation of Exness
Exness Group was founded in 2008 and provides investors with a wide range of financial products, including currency pairs, metal encrypted digital currencies, energy, indices, and stocks. Besides, the company provides its customers with the highest quality customer service through a personalized and truly international approach. Exness official website has been localized into 15 languages, and the customer service spans 13 languages, of which 11 languages are available 24 hours a day, five days a week. English and Chinese customer services are available 24 hours a day, seven days a week. At present, Exness has several branches under regulation: Exness (UK) Ltd authorized and regulated by FCA in the UK (license number 730729); Exness (Cy) Ltd regulated by CySEC in Cryprus, with regulatory license number 178/12; VLERIZO (PTY) LTD authorized and regulated by FSCA (regulatory license number 51024), Nymstar Limited regulated by FSA in Sychelles, with regulatory license number SD025.
Market Instruments
Exness provides investors with a variety of financial instruments, including currency pairs, metals, encrypted digital currencies, energies, indices, and stocks.
Exness Minimum Deposit
To meet the investment needs of different investors, the broker has set up standard and professional accounts. The MT4 standard account is divided into three account types: the Standard Account & the Standard Cent Account, with the minimum deposit of both account dependant on payment system. MT5 contains a Standard Account, and the minimum deposit is US$1, and the maximum leverage is 1:2000. MT4 for professional accounts includes Raw Spread Accounts, Zero Accounts, and Pro Accounts. MT5 is also divided into Raw Spread Accounts, Zero Accounts, and Pro Accounts.
Exness Leverage
The maximum leverage available on Exness platform is up to 1:2000, which is incredably high. Traders should take caution with high leverage, for it can magnify potential profit, but can also increase investors' risks at the sametimes.
Exness Spreads & Commissions
The minimum spread for MT4 standard accounts & standard cent accounts is 0.3, and no trading commission is charged. The minimum spread of MT5 standard account is 0.3, and no commission is charged. The minimum spread of the raw spread account of the MT4&MT5 professional accounts is 0.0, and the handling fee per lot/per unilateral trade is 3.5 USD. The minimum spread of the zero accounts is 0.0, and the handling fee per lot/per unilateral trade is 3.5 USD. The minimum spread for the Vanguard account is 0.1, and no commission is charged.
Trading Platforms
Exness uses leading trading platforms on the global trading market, including MT4, MT5, and WebTerminals. Traders can develop and implement trading strategies of various levels of complexity through MetaTrader 4 and submit most types of trading orders by using two order execution methods: instant execution and market execution. In addition, analysis and trading operations in financial markets are fully automated. The main advantage of MT5 is that the development and editing interface can be started directly on the terminal, and the new program will be automatically displayed in MT5; the new language solves some of the limitations of MQL4 and adds more functions and graphical objects. The company chose the MT5 hedging mode system. Under this system, traders can open multiple positions for the same trading product, including completely opposite positions. Besides, users can also access the web version of MT4&MT5 on the company's official website.
Deposit & Withdrawal
Exness provides a variety of deposit and withdrawal options for traders to choose from, including Bitcoin (minimum deposit is 0 USD, deposit and withdrawal time is up to 72 hours), SticPay (minimum deposit is 1 USD, deposit and withdrawal are instantaneous ), TEDA coins (minimum deposit is 1 USD, deposit and withdrawal time is up to 72 hours), VISA/MASTERCARD bank card (minimum deposit is 3 USD, deposit arrives instantly, and withdrawal arrives within 3-5 days), NETELLER (minimum deposit is $10, deposit and withdrawal are instantly credited), Perfect Money (minimum deposit is $50, deposit and withdrawal are instantly credited), WebMoney (minimum deposit is $1, deposit and withdrawal are instantly credited), Skrill ( The minimum deposit is $10, and deposits and withdrawals will be credited immediately). Also, the user's credit card provider, bank, or payment system may charge user deposits and withdrawals with transaction fees or commissions that are outside the company's control. The company does not accept direct payments or other payments like third parties. The company reserves the right to investigate, cancel, or charge handling fees/fees (depending on the payment method) for any withdrawal request issued by a trading account without transaction activity.
Does etoro or exness have a lower transaction costs and fees?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive etoro and exness are, we first considered common fees for standard accounts. On etoro, the average spread for the EUR/USD currency pair is 0.1 pips, while on exness the spread is --.
Which broker is safer, etoro or exness?
To determine the safety of a forex brokers, our experts take various factors into consideration in a multi-dimensional manner. This includes which regulatory licenses the forex trader holds and how reputable those licenses are. We also consider the history of a forex dealer, as long-standing dealers are usually more reliable and trustworthy than newer start-ups. etoro is regulated by CYSEC,FSCA,FSA. exness is regulated by ASIC,CYSEC,FCA,FSC.
Which broker provides better trading platform, etoro or exness?
When our experts review a broker, they usually open real trading accounts and trade through the broker's trading platform. This gives us a better overall assessment of the quality of the platform, the ease of use and the features it offers. etoro Available trading platforms include Pro、Zero、Raw Spread、Standard, tradable financial instruments include -- exness works/provides Pro、Zero、Raw Spread、Standard trading platform, trading instruments --
