Broker comparison between Exness vs Plus500
Do you want to figure out which is the better broker, exness or plus500?
In the following table, you can compare the features of exness and plus500 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 exness or plus500 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 plus500 are both reliable. We analyze the reasons as following:
Forex broker introduction
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.
plus500
General Information & Regulation
Plus500 is a trademark of Plus500 Ltd. Plus500 Ltd operates through the following subsidiaries: Plus500UK Ltd authorised and regulated by the Financial Conduct Authority (FRN 509909), Cryptocurrency CFDs not available to Retail Clients. Office Address: Plus500UK Ltd, 8 Angel Court, Copthall Avenue | London EC2R 7HJ; Plus500CY Ltd authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14), Cryptocurrency CFDs not available to UK Retail Clients; Plus500AU Pty Ltd holding AFSL #417727 issued by ASIC, FSP No. 486026 issued by the FMA in New Zealand and Authorised Financial Services Provider #47546 issued by the FSCA in South Africa; Plus500SEY Ltd authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039); Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore for dealing in capital markets products (License No. CMS100648-1).Plus500 was founded in 2008, its trading platform enables investors to trade on movement in the price of shares, commodities, indices, and some other poplur financial instruments.
Market Instruments
Plus500 offers investors access to popular products in the global financial markets, including forex, indices, commodities, cryptocurrencies, ETFs, and more.
Plus500 Minimum Deposit
The minimum deposit required by Plus500 is $100, as there seems only one account available on the Plus 500 platform. The minimum deposit via bank transfer is $500.
Plus500 Leverage
Plus500 offers two account types, retail accounts and professional accounts. Both accounts – Retail and Pro accounts – are the same in most aspects. The main difference between them is that the retail account features lower leverage ratios compared to the Pro account. Professional clients do not have ICF rights. Professional traders can apply for the trading leverage of up to 1:300.
Spreads & Commissions
Plus500 does not require any hidden fees, and profits are built into spreads. The minimum spreads for Forex products start from 0.8 pips for EUR/USD, 0.15 pips for EUR/GBP, and 0.13 pips for GBP/USD.
Inactivity Fees
Plus500 does charge an inactivity fee. Traders who have not logged into the account for more than 3 months are subject to inactivity fee. The fee is $10 per quarter after this 3-month period has passed.
Trading Platform
Plus500 offers their proprietary in-house trading platform called WebTraders, available on all devices (Windows PCs, tablets, smartphones, web browsers). Plus500 does not offer the popular MetaTrader 4 (MT4) platform that would have added functionality and customization options.
Deposit & Withdrawal
Plus500 allows trader to fund their accounts through several payments methods, Visa, Mastercard credit & debit cards, bank transfer, and some e-wallet including Skrill and Neteller on the list of its payment options. In rare cases, users may incur commissions for transferring funds to or from the company's account. The fees are determined and charged by the user's payment issuer or bank (not by the Plus500).
Customer Support
Plus 500 platform has live online chat customer service and e-mail customer support and representatives are available 24/7. Besides, users reported that e-mail responses take up to an hour, though response times vary depending on the complexity of the issue.
Does exness or plus500 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 plus500 are, we first considered common fees for standard accounts. On exness, the average spread for the EUR/USD currency pair is -- pips, while on plus500 the spread is 0.1.
Which broker is safer, exness or plus500?
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 ASIC,CYSEC,FCA,FMA,MAS. plus500 is regulated by CYSEC,FSCA,FSA.
Which broker provides better trading platform, exness or plus500?
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 --, tradable financial instruments include Pro、Zero、Raw Spread、Standard plus500 works/provides -- trading platform, trading instruments Pro、Zero、Raw Spread、Standard