Broker comparison between Exness vs FP Markets
Do you want to figure out which is the better broker, exness or fp-markets?
In the following table, you can compare the features of exness and fp-markets side by side to determine the best fit for your trading needs.
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 exness or fp-markets 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 exness and fp-markets are both reliable. We analyze the reasons as following:
Forex broker introduction
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 four entities in their own jurisdications under stringent 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
With Exness, investors are given the opportunity to access to a massive market. An extensive range of financial instruments, including currency pairs, metals, digital currencies, energies, indices, and stocks are all available on this brokerage platform.
Trading accounts on the Exness platform are available with both retail and professional.
Retail traders can choose from Standard and Standard Cent accounts, great for all types of tarders, especially novice traders. With Standard accounts, more diversified range of trading instruments are available, cryptocurrencies, energies, stocks, and indices, while Standard Cent accounts only give two classes of trading assets: Forex and Metals. The minimum initial deposit depends on payment methods, typically as low as $10.
Professional traders are given three trading account options: Raw Spread, Zero and Pro accounts, with minimum initial deposit for each account is $2,000. Likewise, a bulk of different types of trading assets are available with these three accounts.
The maximum leverage available on Exness platform is up to 1:2000, a truly generous offering. This level is idea for scalpers and professionals, as it presents more overall trading flexibility, which directly impacts profitability. However, since leverage can amplify gains as well as losses, It is essential that forex traders select the level of leverage that they feel most at ease with.
Spreads & Commissions
Spreads and commissions are determined by trading accounts. Standard accounts offer a zero-commission trading environment, with spreads starting from 0.3 pips. Professional trading account options offer raw spread with certain commissions. Raw Spread and Zero account holders are offered spreads from 0.0 pips, with a commission of up to $3.50 each side per lot and from 0.2 each side per lot. While with Pro accounts, traders can enjoy zero commission and low spreads.
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.
Aside from multiple trading platform choices, Exness also give its clients an array of useful trading tools to help them quickly become an advanced and professional trader. These trading tools include Analytical Tools, Traders Calculator, Economic Calendar, Currency Converter, Tick History, VPS Hosting, Trading Central WebTV.
Surprisingly, Exness offers social trading for inexperienced traders or newcomers to duplicate their trading accounts
Exness provides a top-notch customer service crew that gets the job done in a jiffy. The Frequently Asked Questions area and the chatbot make up the majority of Exness 's customer service offerings. Support can be reached by e-mail or by phone, and a staff of customer service representatives who speak multiple languages is available during market hours.
General Information & Regulation
FP Markets established in Australia in 2005. FP Markets is a group of companies which include First Prudential Markets Pty Ltd, an ASIC regulated provider of Derivatives and Forex trading services (ABN 16 112 600 281, AFS License No. 286354) and First Prudential Markets LTD is an entity authorized by the Cyprus Securities and Exchange Commission (CySEC), with Regultory License No. 371/18. FP Markets does not accept applications from residents of countries or jurisdictions where such distribution or use would be contrary to local laws or regulations.
FP Markets provides investors with a variety of mainstream and popular tradable instruments on the global financial market, including Forex trading (more than 70 currency pairs can be traded), Stocks trading (tradable stocks across four continents around the world, more than 10,000 stocks), Precious Metals trading, Commodity trading, indices CFD trading, and Cryptocurrency (multiple cryptocurrencies and cryptocurrencies for fiat currencies can be traded).
Two forex account types are available on FP Markets platform: the Standard and the Raw. Minimum deposit amount for both Standard and ECN accounts is acceptable 100$. Additionally, there are three IRESS account types that cover the need of those traders who prefer to use this particular software.
FP Markets Leverage
The maximum leverage of the major and minor currency pairs of this account is 1:500, major stock indices, commodities, and minor indices 1:100. The global stock leverage is 1:20, and the digital currency leverage is 1:5. The swap-free account is designed for traders who cannot pay or receive swaps or swap rates due to religious reasons.
FP Markets Spreads & Commissions
The lowest spread of the standard account in the forex account type is 1.0 pips, and no handling fee is charged. The minimum spread in the ECN account is 0.0 pips, and a handling fee of US$3.5 per trade is charged. The lowest spread of precious metals for standard accounts is 0.14 points, and the lowest spread for ECN accounts is 0.01 points. The lowest indices spread for standard accounts is 0.5 points, and the lowest index spread for ECN accounts is 0.5. The lowest spread of commodities for standard accounts and ECN accounts is 0.03. Both MT4 and IRESS Mobile versions are available for free, but the IRESS Trader/Viewpoint fee is $55 per month. Swap rates can also be considered as a cost. See the table below for the companys January 26 swap rates:
FP Markets Trading Platform
FP Markets provides the world's leading and popular MT4, MT5, MT4&MT5 WebTerminal, IRESS Viewpoint, IRESS Trader, and IRESS Investor. FP Markets' MT4 platform has advanced charts, massive technical indicators, accurate real-time quotes, real-time news and analysis, and a complete set of automated trading systems. FP Markets MT5 is a platform integrating forex, stocks, metals, CFD, and other tradings. With many technical analysis tools, excellent charting tools, foreign exchange signals, automatic trading systems, and copy trading functions, it has created more trading opportunities for modern traders. The MT4&MT5 web version makes trading highly flexible. Traders can trade directly through a computer web browser without downloading any software. The new and improved trader platform IRESS Viewpoint has advanced features to improve traders' trading experience. The new IRESS ViewPoint provides trading tools that are better compatible with various browsers. When traders login to the IRESS platform, they can choose IRESS Trader or IRESS ViewPoint. Traders can make full use of the advanced features of IRESS ViewPoint when trading opportunities arise, and data can be superimposed on each other to make the data fully visible.
Deposit & Withdrawal
FP Markets offers various deposit and withdrawal options for investors to choose from. These deposit and withdrawal methods include VISA/MASTERCARD credit card MT4/ MT5 (no charge for deposit and withdrawal, one working day for withdrawal), VISA/MASTERCARD credit card IRESS account (no charge for deposit and withdrawal, one working day for withdrawal), payment in Australia (supports Australian dollars, no handling fee for deposit and withdrawal, arrival time is one working day), international bank remittance (deposit 12.5 Australian dollars handling fee, withdrawal 25 US dollars handling fee), NETELLER (accepting AUD, CAD, CHF, EUR, GBP, JPY, NZD, SGD, USD, no handling fee for the deposit, 2% for withdrawal, up to 20 USD fee), Skrill (accepting EUR, USD, BGP, no fee for the deposit, 1% for withdrawal plus international fee), Paytrust88 (accepting MYR, IDR, THB, VND, no fee for the deposit, 1.5% fee for withdrawal, payment taking one working day), Ngan Luong (accepting VND, no handling fee for the deposit, charge for withdrawal 1000 VND + 1% fee).
From a customer support perspective, FP Markets delivers across the board. The multilingual customer support is available in twelve languages, 24/7. Clients may reach out via e-mail, live chat, phone, or the call-back option. A quality FAQ section answers many questions, and most traders may require additional assistance only during emergencies.
Does exness or fp-markets 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 exness and fp-markets are, we first considered common fees for standard accounts. On exness, the average spread for the EUR/USD currency pair is 0.1 pips, while on fp-markets the spread is From 0.0.
Which broker is safer, exness or fp-markets?
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. exness is regulated by CYSEC,FSCA,FSA. fp-markets is regulated by ASIC,CYSEC.
Which broker provides better trading platform, exness or fp-markets?
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. exness Available trading platforms include Pro、Zero、Raw Spread、Standard, tradable financial instruments include Raw、Standard fp-markets works/provides Pro、Zero、Raw Spread、Standard trading platform, trading instruments Raw、Standard