Written by ForexBrokers.com
In this head to head comparison of Exness vs FXOpen, 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.
Comparing Exness and FXOpen, two online brokers in the forex industry, reveals key differences in their trust and regulatory standings. Exness, founded in 2008, holds an impressive two Tier-1 licenses and three Tier-2 licenses, earning it a Trust Score of 81 from ForexBrokers.com, indicating it’s a trusted broker. Meanwhile, FXOpen, established in 2003, also holds two Tier-1 licenses but lacks Tier-2 licenses, which leads to a slightly lower Trust Score of 76, categorizing it as an average risk broker. Neither Exness nor FXOpen is publicly traded or operates as a bank.
| Feature |
Exness
|
FXOpen
|
|---|---|---|
| Year Founded | 2008 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 0 |
Exness and FXOpen are two prominent online brokers that offer various account options with distinct commissions and fees structures. Exness provides an array of account types, including two standard accounts and three professional accounts, each with its unique pricing model. Their four-star rating underscores their competitive nature in terms of trading costs. The commission-based accounts at Exness boast lower spreads than their commission-free counterparts. For instance, the Zero Spread account charges a $0.05 commission per trade with no restrictions on leverage or stop-outs, while the Raw account features a commission of up to $7 per round turn lot, paired with a 30% margin call trigger.
In contrast, FXOpen does not provide average spread data, making it challenging for traders to predict costs based solely on their fee structure. However, FXOpen also earns a four-star rating for its commissions and fees, indicating satisfaction among traders. Despite this, they are ranked #45 out of 62 brokers in the Commissions and Fees category by ForexBrokers.com, trailing behind Exness, which holds the #35 spot. This suggests that while both brokers have similar ratings, Exness appears to be more favorably viewed within the sector regarding fees.
Ultimately, both Exness and FXOpen present viable options for traders looking for brokers with strong reputations in trading commissions and fees. The choice between them may largely depend on a trader’s preferred account features and individual needs. With Exness offering a comprehensive array of account types each boasting distinct execution methods and spread options, traders might find it easier to tailor their trading experience to their strategies. Meanwhile, FXOpen remains a competitive alternative despite its lack of transparent spread data. Each broker's position within the industry rankings highlights the nuanced differences that might tip the decision for different traders.
| Feature |
Exness
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $10 | $100 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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 comparing Exness and FXOpen on the variety of investments they offer, Exness provides a broader selection for traders. Exness stands out with 227 tradeable symbols, including 96 forex pairs, while FXOpen offers 87 tradeable symbols, with 25 forex pairs. Both brokers enable traders to engage in forex trading through CFDs or spot contracts, but neither offers direct trading of exchange-traded securities on U.S. or international exchanges. Additionally, both platforms allow for cryptocurrency derivative trading but don't support the purchase of actual cryptocurrencies.
Copy trading is available with both Exness and FXOpen, allowing users to mirror the trades of experienced investors. However, when it comes to range of investments, Exness holds a slight edge with a rating of 3.5 stars compared to FXOpen's 3 stars. In the ranking by ForexBrokers.com, Exness is positioned 55th, while FXOpen is ranked 61st out of 62 brokers. For traders seeking more investment options, Exness may be the more appealing choice, but both brokers provide solid options for forex and cryptocurrency derivative trading.
| Feature |
Exness
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 227 | 87 |
| Forex Pairs (Total) | 96 | 25 |
| 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). |
Dive deeper: Best Copy Trading Platforms.
Both Exness and FXOpen provide traders with a suite of powerful trading platforms and tools designed for a seamless trading experience. Both brokers offer simulated trading through free virtual demo accounts, letting users practice without risk. While Exness stands out with its proprietary platform developed in-house, FXOpen relies solely on established platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are also available at Exness. For desktop users, both brokers offer Windows-based download platforms as well as web-based trading options, ensuring flexibility in access. Additionally, copy trading capabilities are available with both brokers, though FXOpen extends its reach with ZuluTrade integration, something Exness does not offer.
In terms of charting tools, Exness provides an impressive 87 drawing tools compared to FXOpen's 15, making Exness a better choice for traders who prefer detailed chart analysis. Both brokers support trading directly from stock charts and offer comprehensive watch lists with seven customizable columns. Both Exness and FXOpen have received a four-star rating for their trading platforms and tools overall. However, when assessed by ForexBrokers.com, Exness holds a higher ranking at 26th out of 62 brokers, distinctly surpassing FXOpen's position at 53rd. These differences highlight Exness's strengths despite both brokers' strong offerings in various trading platform features.
| Feature |
Exness
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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 | Yes |
| Charting - Indicators / Studies (Total) | 107 | 30 |
| Charting - Drawing Tools (Total) | 87 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Exness and FXOpen provide comprehensive mobile trading apps compatible with iPhone and Android devices. Users on both platforms can enjoy features such as stock or forex price alerts and the ability to draw trendlines on charts. Furthermore, both brokers cater to those who require flexibility with chart views, as they allow viewing across multiple time frames such as daily, weekly, or intraday. For traders keen on utilizing technical studies for analysis, Exness edges slightly ahead, offering 35 studies compared to FXOpen’s 30. However, neither app currently supports watchlist symbol syncing between the mobile and online platforms, nor do they auto-save chart drawings.
When it comes to real-time financial updates, both Exness and FXOpen enable the creation of watchlists with live quotes. Exness emerges slightly more favorably in rankings, being placed 26th out of 62 brokers, whereas FXOpen is positioned at 54th, according to ForexBrokers.com. Still, in terms of overall app satisfaction, both apps achieve an identical rating of 4 out of 5 stars, reflecting a strong user experience in mobile trading features while also pointing to room for improvements such as enhanced syncing capabilities.
| Feature |
Exness
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 35 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Exness and FXOpen in terms of market research offerings, both brokers provide daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters, ensuring traders stay informed with the latest developments. However, a key difference lies in the technical analysis tools available; Exness provides tech analytics through Trading Central, whereas FXOpen does not offer similar capabilities. Additionally, Exness offers a sentiment-based trading tool, helping traders gauge market sentiment through a ratio of long and short positions, which FXOpen lacks.
Both brokers furnish an economic calendar that highlights significant global news events, supporting traders in making informed decisions. Despite these similarities, there is a noticeable distinction in their overall research ratings. Exness scores 3.5 out of 5, ranking 41st out of 62 brokers, while FXOpen scores slightly lower at 3 stars and ranks 62nd. These differences may give Exness an edge for those who prioritize a rich research environment when selecting an online broker.
| Feature |
Exness
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Exness and FXOpen in terms of educational resources for beginners, Exness takes the lead with a more comprehensive offering. Exness provides over ten educational pieces focused on forex and CFDs, while FXOpen falls short in this area. Beginners at Exness can benefit from at least ten educational videos tailored to newcomers in trading, making it easier to grasp essential trading concepts. Additionally, Exness provides a searchable archive of previously recorded webinars, allowing beginners to learn at their convenience. Both brokers offer an investor dictionary with definitions of at least 50 investing terms, which can be a helpful resource for understanding industry jargon.
Despite these offerings, neither Exness nor FXOpen host live educational webinars at least once a month. Furthermore, neither broker has an extensive collection of advanced educational videos suited for seasoned traders. However, when rated for educational resources, Exness earns a slightly higher ranking at 3.5 stars compared to FXOpen's 3 stars. In the education category among 62 brokers, Exness is ranked #47 by ForexBrokers.com, ahead of FXOpen, which stands at #58. This comparison suggests that beginners might find Exness to be a more supportive platform for learning the ropes of forex trading.
| Feature |
Exness
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | 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 Exness is better than FXOpen. Exness finished with an overall rank of #43, while FXOpen finished with an overall rank of #54.
Exness is a MetaTrader-only broker regulated in the EU offering multiple account types and forex pairs, but its offering lacks the range of CFDs forex brokers typically offer.
| Feature |
Exness
|
FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 81 | 76 |
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Both Exness and FXOpen do not offer the ability to buy actual delivered cryptocurrency, focusing instead on providing access to cryptocurrency derivatives.
Both Exness and FXOpen do not provide ACH or SEPA transfers or PayPal as deposit or withdrawal options, but they both support Skrill, Visa, Mastercard, and bank wire transfers for managing account funds.
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 | Exness | FXOpen | |
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| Trust Score | 81 | 76 | |
| Winner | check_circle | ||
| Review | Exness Review |
| Broker Screenshots | Exness | FXOpen | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | Exness | FXOpen | |
|---|---|---|---|
| Trust Score | 81 | 76 | |
| Year Founded | 2008 | 2003 | |
| 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 | 3 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 0 |
| Tier-1 Licenses (Highly Trusted) | Exness | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | Yes | 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) | Exness | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | Yes | No |
| Investments | Exness | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 227 | 87 | |
| Forex Pairs (Total) | 96 | 25 | |
| 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). |
| Cost | Exness | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Exness | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $10 | $100 | |
| PayPal (Deposit/Withdraw) | No | 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 | Exness | FXOpen | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Exness | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 107 | 30 | |
| Charting - Drawing Tools (Total) | 87 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Exness | FXOpen | |
|---|---|---|---|
| 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 | 35 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Exness | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Exness | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Exness | FXOpen | |
|---|---|---|---|
| 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 | Exness Review |
| Overall | Exness | FXOpen | |
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| Trust Score | 81 | 76 | |
| Winner | check_circle | ||
| Review | Exness Review |
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