Exness vs FPMarkets Comparison & Reviews

Feature
Exness
FP Markets
Founded
2008
2005
Regulation
CySEC, FCA, FSCA, FSA, CBCS, FSC
ASIC, CySEC, FSCA
Trading Platforms
MetaTrader 4 (MT4), MetaTrader 5 (MT5), Exness Trader (Mobile App)
MetaTrader 4 (MT4), MetaTrader 5 (MT5), IRESS, FP Markets App
Account Types
Standard, Raw Spread, Zero, Pro
Standard, Raw, Islamic (swap-free available)
Minimum Deposit
$10 (Standard Account), $200 (for Raw, Zero, Pro)
$100 for MT4/MT5, $1,000 for IRESS
Leverage
Up to 1:2000 (depends on region and account type)
Up to 1:500
Spreads
Starting from 0.0 pips (Raw Spread, Zero Accounts)
Starting from 0.0 pips (Raw Account)
Commission
Zero commission for Standard, commission-based on Raw and Zero Accounts
Zero commission for Standard, commission-based on Raw Accounts
Execution Type
Market execution
Market execution
Assets Available
Forex, Cryptocurrencies, Metals, Energies, Indices, Stocks
Forex, Commodities, Metals, Indices, Shares
Number of Forex Pairs
Over 100
Over 60
Cryptocurrency Trading
Available (Bitcoin, Ethereum, Ripple, etc.)
Available
Customer Support
24/7, live chat, email, phone
24/5, live chat, email, phone
Education
Webinars, articles, video tutorials, economic calendar
Webinars, eBooks, video tutorials, articles, trading glossary
Research Tools
Economic calendar, trading signals, trading calculator, tick history
Autochartist, Myfxbook AutoTrade, Trading Central, economic calendar
Copy Trading
Exness Social Trading
Myfxbook AutoTrade
Islamic Account
Available
Available
Deposit & Withdrawal Methods
Bank Transfer, Credit/Debit Cards, E-wallets (Skrill, Neteller), Cryptocurrencies
Bank Transfer, Credit/Debit Cards, E-wallets (Skrill, Neteller), PayPal
Withdrawal Fees
None
None
Order Types
Market, Limit, Stop, Trailing Stops, OCO
Market, Limit, Stop, Trailing Stops
Social Trading
Yes (Exness Social Trading)
Limited to Myfxbook AutoTrade
Mobile Trading
Exness Trader App, MT4, MT5
FP Markets App, MT4, MT5
Demo Account
Yes
Yes
Languages Supported
Over 15 languages
English, Spanish, Portuguese, Chinese, among others
Bonus Programs
No bonuses offered
No bonuses offered
Segregated Client Funds
Yes
Yes
Negative Balance Protection
Yes
Yes
Trading Instruments Variety
Forex, Cryptocurrencies, Metals, Energies, Indices, Stocks
Forex, Commodities, Metals, Indices, Stocks, Bonds
Currency Options
USD, EUR, GBP, AUD, JPY, many others (varies by region)
USD, EUR, GBP, AUD, SGD, CHF, JPY
VPS Service
Free for active traders
Free VPS for high-volume traders
Minimum Order Size
0.01 lots (micro-lots available)
0.01 lots (micro-lots available)
Spread Types
Fixed (Pro Account), Variable (Standard, Raw Spread, Zero)
Variable for all accounts
Trading Signals
Provided via MT4 and MT5
Available through Trading Central and Autochartist
Market Depth
Yes, available on Raw Spread and Zero Accounts
Yes, available on all accounts
Scalping and Hedging
Allowed
Allowed
Algo/Automated Trading
Supported on MT4/MT5
Supported on MT4/MT5
Deposit Processing Time
Instant for most methods
Instant for most methods
Withdrawal Processing Time
Instant for most methods
Usually within 24 hours, varies by method
Platform Add-ons
Tick History (MT5), Economic News Alerts, Social Trading App
Autochartist, Trading Central, IRESS trading platform add-ons
Multi-Account Manager (MAM)
Supported for professional account managers
Supported via MT4 MAM/PAMM
Inactivity Fees
No inactivity fee
No inactivity fee
Maximum Open Positions
No limit (depends on account balance and margin requirements)
No limit specified, dependent on account margin requirements
Trading Competitions
Occasionally held for clients
Occasionally held for clients
Withdrawal to Crypto Wallets
Supported (Bitcoin, Ethereum, Tether, others)
Not available
Community Forums
Exness Trading Community Forum
FP Markets Community on social media platforms
Customer Support Languages
15+ languages, including support in local dialects for certain regions
Multiple languages including English, Spanish, Chinese, Greek
Leverage Customization
Yes, adjustable based on trader preference and regulatory restrictions
Yes, adjustable based on account type and regulatory requirements
Bank Withdrawal Fees
No fees on withdrawals
No fees on withdrawals
Regulatory Compensation Scheme
Compensation funds under each regulatory authority vary by region
Compensation scheme in place based on ASIC and CySEC regulations
Forex Analysis Tools
Provides technical indicators, sentiment analysis, daily analysis on Exness blog
Economic calendar, Myfxbook analytics, trading signals from Trading Central
Trading Execution Speeds
Average 0.1 seconds
Average 0.09 seconds for most accounts
Institutional Services
Dedicated liquidity solutions, institutional-grade trading for high-net-worth clients
IRESS platform tailored for high-net-worth clients and institutions
Auto-Deposit System
Yes, supports instant auto-deposit on weekends for specific methods
No auto-deposit available, standard processing applies
Account Security Features
Two-factor authentication (2FA), IP whitelisting, encryption
Two-factor authentication (2FA), encrypted transactions
Partial Close Functionality
Available for all accounts, allows users to partially close positions
Available on MT4/MT5
Profit Withdrawal Limits
None
None
Real-time News Feed
Integrated within MT4/MT5 platform, frequently updated
Integrated within MT4/MT5, access to Trading Central insights
Charting Tools
Advanced tools on MT4/MT5, 50+ indicators, custom scripting support
Advanced tools on MT4/MT5, IRESS includes extended charting for professional traders
Stop-Loss/Take-Profit Modifications
Yes, can modify after placing trades, offers automated stop-loss limits
Yes, available on all account types with standard execution
Broker Type
Market Maker, ECN
ECN, STP
Mobile Platform Features
Exness Trader offers charting, account management, push notifications
FP Markets App offers full account management, custom watchlists, real-time price alerts
Algorithmic Trading Compatibility
Supports MQL4, MQL5 languages for MT4/MT5 custom scripts
Supports MQL4, MQL5 on MT4/MT5, limited scripting on IRESS
Funding Currencies
Multiple, including USD, EUR, GBP, JPY, AUD, and cryptocurrencies
Multiple, including USD, EUR, AUD, SGD, limited cryptocurrency support
Leverage Adjustments by Market
Dynamically adjusts based on asset class (e.g., crypto leverage differs from forex)
Adjusted by market type, maximum 1:500, varies based on regulatory limits
Trailing Stop Order
Supported on all platforms, fully customizable
Supported on all platforms, adjustable within MT4/MT5
Order Book Transparency
Available for Pro and Raw accounts via depth of market (DOM)
Limited transparency, depth of market available through IRESS and Trading Central
Promotions and Loyalty Programs
Limited promotions, often tied to specific account types
Occasional bonuses, promotional offers on deposits
Referral Programs
Yes, referral commissions for introducing new clients
Yes, affiliate and referral options with tiered rewards
Currency Conversions
Automatic on deposits, conversions at competitive rates for multi-currency accounts
Automatic on deposits, conversion fees may apply depending on method
Swap-free Islamic Accounts
Available, swap-free on major forex pairs and some indices
Available, swap-free conditions apply on forex, indices, and commodities
Advanced Charting Options
Includes custom templates, multiple chart windows, timeframe flexibility
Advanced IRESS and MT5 charts, multiple charts per asset, professional chart patterns
FIFO Rule Compliance
Applies depending on region of registration
Applies to US-based traders, others unaffected
Live Market Commentary
Access through the Exness blog, updated daily
Real-time commentary via Trading Central
Market News Sources
Reuters and Dow Jones integration for up-to-date market news
Dow Jones Newswire, Autochartist, Trading Central
Corporate Actions Support
Not supported
Supported, corporate action information available on IRESS
Account Switching Options
Easy switch between account types through Exness portal
Can open multiple accounts within one login, switch between MT4, MT5, and IRESS
Risk Management Tools
Provides margin call alerts, automated stop-outs
Advanced tools, margin calls based on asset type, automated stop-outs
Public API Access
No public API
Available for partners and high-volume traders
Trading Rewards
Limited loyalty programs, no cash-back or rewards systems
Trading rebates and rewards for high-volume and professional traders
Seasonal Webinars and Events
Regularly holds webinars on trading strategies, financial market updates
Weekly webinars on trading tools, analysis, strategies, and market trends
Account Transfer Flexibility
Users can transfer funds between accounts of the same type
Flexible fund transfers between MT4 and MT5 accounts
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Exness and FP Markets offer competitive features, with Exness focusing on flexible leverage and cryptocurrency options, while FP Markets specializes in IRESS platform access and in-depth market analysis.