Written by ForexBrokers.com
In this head to head comparison of FP Markets vs Exness, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When comparing online brokers, FP Markets and Exness stand out for their regulatory credentials and trust scores. Founded in 2005, FP Markets holds two Tier-1 licenses and one Tier-2 license, which contribute to its impressive Trust Score of 89 out of 99 on ForexBrokers.com. Although it is not listed on any stock exchange and is not a bank, FP Markets is considered a trusted choice for investors due to its regulatory strength.
Exness, established in 2008, also boasts two Tier-1 licenses but edges ahead with three Tier-2 licenses. However, its Trust Score stands at 81, slightly lower than FP Markets, indicating a marginally higher risk according to ForexBrokers.com. Like its counterpart, Exness is not publicly traded and is not a bank. Both brokers offer a trusted platform for trading, with their licensing and Trust Scores providing a solid foundation for investor confidence.
| Feature |
FP Markets
|
Exness
|
|---|---|---|
| Year Founded | 2005 | 2008 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 3 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
FP Markets and Exness are both popular choices for traders seeking competitive commissions and fees, although they cater to different trading needs. FP Markets is highly regarded in this aspect, receiving a 5-star rating and ranking 6th out of 62 brokers according to ForexBrokers.com. They are particularly praised for their cost-effective offerings through MetaTrader and cTrader platforms, especially for their commission-based ECN account. FP Markets' Raw ECN account offers very competitive spreads averaging 0.1 pips, which translate to 0.8 pips all-in after commission, while their Standard account exhibits higher spreads averaging 1.1 pips for EUR/USD as of October 2023. Additionally, their Iress ViewPoint account, though more expensive, suits active traders with high-balance accounts by offering Direct Market Access (DMA). Their cost-effective options, like the Iress Investor account, come with some limitations, making them less attractive for those unable to afford the comprehensive ViewPoint platform.
On the other hand, Exness holds a 4-star rating and ranks 35th for commissions and fees in the same analysis. Exness offers a variety of five account types, including two standard accounts and three professional accounts, each with different cost structures. Their Standard Cent and Standard accounts provide market execution but vary in spreads and margin stop-out levels. For traders seeking lower spreads, the Pro account allows flexibility between instant and market execution, while their commission-based accounts, Zero Spread and Raw, feature lower spreads with market execution. The Zero Spread account charges a per-trade commission of $0.05, and the Raw account can charge up to $7 per round turn lot.
Overall, FP Markets is a strong contender for traders prioritizing low-cost trading and competitive fees, evident by their high ranking and awards. In comparison, Exness's diverse account offerings cater to different trading styles and execution preferences, though they may not be the most cost-effective for all traders.
| Feature |
FP Markets
|
Exness
|
|---|---|---|
| Minimum Deposit | $100 AUD | $10 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.7 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FP Markets and Exness both offer forex trading as CFDs or spot contracts, catering to traders interested in currency exchange. While Exness boasts a more extensive selection of tradeable forex pairs with 96 options, FP Markets is not far behind with 71 pairs. However, FP Markets really shines with its impressive 10,000 tradeable symbols, overshadowing Exness's 227 symbols. Both brokers do not offer direct trading of exchange-traded securities on U.S. or international exchanges, and neither supports buying actual delivered cryptocurrency. However, both platforms allow users to trade cryptocurrency derivatives, providing some flexibility for those keen on digital assets.
For investors interested in copy trading, both FP Markets and Exness offer this feature, creating opportunities for beginners to learn from experienced traders. Despite the similarities, FP Markets is rated higher for its range of investments, earning 4.5 stars compared to Exness's 3.5 stars. In rankings by ForexBrokers.com, FP Markets stands out, positioned at #18 of 62 brokers, whereas Exness holds the #55 spot. This distinction highlights FP Markets as a more diversified option, making it a stronger choice for those who prioritize a broad investment portfolio.
| Feature |
FP Markets
|
Exness
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 227 |
| Forex Pairs (Total) | 71 | 96 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools offered by FP Markets and Exness, both brokers exhibit a range of features designed to enhance traders' experiences. FP Markets and Exness both provide simulated trading with free virtual demo accounts, enabling new traders to practice without financial risk. Each broker has developed its own proprietary platform, giving users the option to trade on software unique to the respective broker. In addition to proprietary platforms, both FP Markets and Exness support Windows-based desktop applications and web-based platforms, accommodating different user preferences. Copy trading is available through both brokers, and they support popular options such as MetaTrader 4 and MetaTrader 5. Neither broker provides integration with DupliTrade or ZuluTrade.
Regarding charting capabilities, FP Markets offers 17 drawing tools, while Exness provides a broader selection with 87 drawing tools. Both brokers allow traders to execute trades directly from stock charts, enhancing the trading process. For watch lists, each broker supports seven columns for fields, giving traders a standard setup for tracking their interests. Both FP Markets and Exness have received a four-star rating out of five for trading platforms and tools. In comparison to 62 brokers evaluated by ForexBrokers.com, FP Markets is ranked 23rd, while Exness is closely ranked at 26th, highlighting both brokers as solid choices in the trading platform and tools category.
| Feature |
FP Markets
|
Exness
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 107 |
| Charting - Drawing Tools (Total) | 17 | 87 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and Exness both provide iPhone and Android applications, allowing traders to have a seamless mobile experience. Both platforms support essential features like forex and stock price alerts and offer the functionality to draw trendlines on charts. Each app also allows users to create watchlists with real-time quotes and view different time frames for their financial charts. However, while FP Markets automatically saves chart drawings, Exness does not provide this feature. On the other hand, Exness offers a more extensive range of 35 technical studies for charting, compared to the default MetaTrader studies available with FP Markets.
Despite their differences, both trading apps receive favorable user ratings of four out of five stars for mobile trading performance. However, marketing insights from ForexBrokers.com reveal a slight disparity in ranking, with FP Markets placed at #18 while Exness stands at #26 out of 62 evaluated brokers. Notably, neither platform offers watchlist symbol syncing, so any changes made on the mobile app won’t transfer to the desktop version and vice versa. Each service offers valuable tools for traders, but preferences on specific features might steer users toward one platform over the other.
| Feature |
FP Markets
|
Exness
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 35 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both FP Markets and Exness provide comprehensive daily market commentary and access to top-tier forex news from renowned sources like Bloomberg and Reuters. They also offer advanced tools for traders, with FP Markets supporting Autochartist, which Exness lacks. However, both brokers deliver Trading Central's Technical Analytics to help traders make informed decisions. Additionally, each platform provides sentiment-based trading tools, giving insights into the ratio of long or short positions across various instruments.
FP Markets and Exness both cater to traders seeking an economic calendar showcasing global news events. However, neither offers market research from TipRanks or tools from Acuity Trading. In terms of research performance, FP Markets edges out with a 4-star rating, ranking 25th out of 62 on ForexBrokers.com, while Exness scores 3.5 stars and holds the 41st spot.
| Feature |
FP Markets
|
Exness
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FP Markets and Exness both provide a range of educational resources designed to help beginners navigate the world of forex and CFDs trading. Both brokers offer over ten educational materials, including a mix of articles, videos, and archived webinars. Where FP Markets stands out is in its commitment to continuous learning opportunities; it hosts online educational webinars every month, something Exness does not provide. However, both have searchable archives of their past webinars, making it easy for users to access previously recorded sessions on-demand.
For beginners, FP Markets and Exness each offer a comprehensive suite of educational videos. While both brokers cater well to novice traders, FP Markets also includes a series of advanced educational videos for experienced traders—a feature missing from Exness's offerings. Additionally, both brokers feature investor dictionaries with over 50 terms to aid budding traders in their learning journey. Overall, FP Markets receives a higher educational rating of 4 stars compared to Exness's 3.5 stars, ranking #23 out of 62 brokers, while Exness sits at #47 as evaluated by ForexBrokers.com.
| Feature |
FP Markets
|
Exness
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that FP Markets is better than Exness. FP Markets finished with an overall rank of #19, while Exness finished with an overall rank of #43.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
|
Exness
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 89 | 81 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
FP Markets and Exness both do not offer the ability to buy actual (delivered) cryptocurrencies, but they do provide options to buy cryptocurrency derivatives.
Both FP Markets and Exness support Skrill, Visa/Mastercard, and bank wires for account fund transactions, but FP Markets also supports PayPal, whereas neither broker offers ACH or SEPA transfers.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
Select Brokers
↓×Compare
2 of 5| Overall Rating | FP Markets | Exness | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 89 | 81 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Exness Review |
| Broker Screenshots | FP Markets | Exness | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | FP Markets | Exness | |
|---|---|---|---|
| Trust Score | 89 | 81 | |
| Year Founded | 2005 | 2008 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 3 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | Exness | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FP Markets | Exness | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | Yes | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | Yes |
| Investments | FP Markets | Exness | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 227 | |
| Forex Pairs (Total) | 71 | 96 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | FP Markets | Exness | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.7 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | Exness | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $10 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | FP Markets | Exness | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | Exness | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 107 | |
| Charting - Drawing Tools (Total) | 17 | 87 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | Exness | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 35 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FP Markets | Exness | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | Exness | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FP Markets | Exness | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | FP Markets Review | Exness Review |
| Overall | FP Markets | Exness | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 89 | 81 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Exness Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill