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, rated 5 stars and ranked #6 out of 62 brokers for commissions and fees, is recognized for its competitive pricing structure. With its MetaTrader and cTrader platforms, FP Markets offers cost-effective options through its ECN accounts. The Raw ECN account stands out with spreads averaging just 0.1 pips, and a commission rate of $6 per round-turn standard lot for forex trading. While the Standard account comes with higher spreads, cTrader users can also choose between a spread-only or commission-based setup. A draw for active traders, FP Markets’ Iress ViewPoint feature provides Direct Market Access for those willing to trade with larger accounts, while the Iress Investor account is a lower-cost alternative with limited functionality.
Exness, with a 4-star rating and #38 ranking for commissions and fees, presents diverse account types that cater to different trading needs. Its five primary account types consist of two standard and three professional accounts. In the commission-based Raw and Zero Spread accounts, traders benefit from lower spreads, with costs of up to $7 per round-turn lot in the Raw account and a $0.05 per trade charge in the Zero Spread account. Exness also offers distinct social copy trading accounts, known as Social Standard and Social Pro, for those interested in shared trading strategies. Each account, except the Pro account, employs market execution, while the Pro account uniquely permits switching between instant and market execution.
For those looking to weigh costs and benefits, FP Markets is a strong contender due to its competitive ECN account offerings and cost-effective trading options for active traders. On the other hand, Exness provides flexibility with its varied account choices, particularly benefiting those seeking both commission-free and commission-based trading environments. While FP Markets leads in terms of cost and recognition, Exness offers a broad selection that could appeal to traders with varying execution preferences.
| 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.
When it comes to the variety of investment options, FP Markets and Exness offer different strengths to traders. FP Markets stands out with a staggering 10,000 tradeable symbols, providing a broad array of choices for those looking to diversify their portfolio. In comparison, Exness offers a more focused selection, with 227 tradeable symbols. Both brokers cater to forex enthusiasts, with FP Markets providing 71 tradeable forex pairs, while Exness offers a slightly larger selection of 96 forex pairs. However, neither of the brokers offers exchange-traded securities on either U.S. or international exchanges, nor do they allow for the purchase of actual cryptocurrencies, focusing instead on CFDs and cryptocurrency derivatives. Additionally, both platforms offer copy trading, which can be appealing to those who prefer mirroring the trades of experienced investors.
FP Markets earns a higher rating for its range of investments, receiving 4.5 out of five stars, compared to Exness, which is rated at 3.5 stars. This disparity is also reflected in their rankings by ForexBrokers.com, where FP Markets is positioned at #18 out of 62 brokers, significantly ahead of Exness, which is ranked at #56. This indicates that FP Markets may be better suited for traders seeking a broader spectrum of investment opportunities, while Exness might appeal to those who focus on forex trading with an interest in exploring copy trading and derivative options.
| 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.
FP Markets and Exness both provide a variety of trading platforms and tools, catering to diverse trader needs. Each broker offers a proprietary platform alongside popular platforms like MetaTrader 4 and MetaTrader 5, allowing traders to choose the interface that suits them best. They both provide Windows-based download platforms and web-based options, ensuring flexibility in trading from different devices. A notable feature both brokers support is copy trading, making it easier for beginners to follow experienced traders. While they don't offer DupliTrade or ZuluTrade, their feature set remains robust, complemented by the free virtual demo accounts available with both brokers for practice before live trading.
Charting capabilities also play a critical role when comparing FP Markets and Exness. FP Markets offers 17 drawing tools, whereas Exness provides a more extensive range with 87 drawing tools, giving traders more flexibility in technical analysis. Both platforms allow for direct trading from stock charts and offer user-friendly watch lists with seven columns to help keep track of market movements. In terms of overall rating, both brokers score 4 out of 5 stars for their trading platforms and tools. However, FP Markets is ranked #23 by ForexBrokers.com, slightly higher than Exness, which ranks at #31. This ranking could be an important consideration for traders seeking an edge in their trading experience.
| 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.
Both FP Markets and Exness provide traders with convenient mobile trading apps for iPhone and Android users. Each app offers stock and forex price alerts, and both allow the drawing of trendlines on charts with various time frames, including daily, weekly, and intraday. However, when it comes to watchlist symbol syncing, neither FP Markets nor Exness offer this feature, meaning changes made on the mobile apps don’t automatically reflect on the client's online account and vice versa. FP Markets provides users with the familiar MetaTrader default technical studies in its charting, though Exness surpasses it by offering 35 technical studies to choose from.
Considering user ratings, both FP Markets and Exness earn a solid four-star review for their mobile trading apps. Nonetheless, FP Markets holds a higher rank, positioned at #18 compared to Exness which is at #32 among 62 brokers in the Mobile Trading Apps category according to ForexBrokers.com. Notably, FP Markets stands out for its capability to auto-save chart drawings, a feature absent in Exness. Both apps, however, allow users to create watchlists with real-time quotes, adding ease to monitoring favorite stocks or forex pairs on the go.
| 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 #41.
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 |
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| Trust Score | 89 | 81 |
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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.
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0 of 5| Overall Rating | FP Markets | Exness | |
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| Trust Score | 89 | 81 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Exness Review |
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| 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 | |
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| Trust Score | 89 | 81 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Exness Review |
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