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 |
When it comes to choosing between Exness and FXOpen for trading, understanding their commissions and fees is crucial. Exness offers a variety of account types tailored to different trading needs. They have two main standard account options and three professional accounts, including two unique social copy trading accounts. The trading costs at Exness depend heavily on the chosen account type. Their two commission-based accounts promise lower spreads, while the commission-free options have slightly higher spreads. All accounts utilize market execution, except for the Pro account, which allows both instant and market executions. Exness' Zero Spread account demands a $0.05 per-trade commission, with unrestricted leverage, while the Raw account has a commission of up to $7 per round turn lot and features competitive spreads.
Comparatively, FXOpen does not provide clear average spread data, making direct comparison difficult. Despite the lack of detailed costs, both brokers have received a commendable rating of four out of five stars for their commission and fees structures. This suggests that traders generally find both platforms reasonably priced for the services and features they offer. However, Exness is ranked slightly higher at #38 in the Commissions and Fees category according to ForexBrokers.com, whereas FXOpen stands at #45.
Choosing between Exness and FXOpen ultimately depends on the specific trading features and conditions a trader prioritizes. Exness provides a more diverse range of accounts with detailed trading conditions. On the other hand, while FXOpen may lack detailed average spread information, it retains a solid rating, indicating a satisfactory experience for many traders. Both brokers maintain a competitive standard within the industry, ensuring traders have reliable options based on their requirements.
| 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 it comes to online trading, Exness and FXOpen both provide access to forex trading through CFDs or spot contracts. Exness boasts a broader scope in terms of available tradeable options, offering 227 symbols and 96 forex pairs, while FXOpen provides 87 symbols and 25 forex pairs. Both brokers do not offer exchange-traded securities from U.S. or international exchanges. Additionally, whether you're interested in engaging with the cryptocurrency market, both Exness and FXOpen allow trading in cryptocurrency derivatives rather than the actual digital coins. Notably, both platforms support copy trading for users looking to emulate trading strategies.
In terms of user ratings and industry rankings, Exness slightly edges out FXOpen with a 3.5-star rating for its range of investments compared to FXOpen's 3-star rating. Exness is ranked 56th out of 62 brokers evaluated by ForexBrokers.com for their range of investments, while FXOpen trails behind at the 61st position. These ratings and rankings provide potential traders with insight into the relative depth and diversity of investments offered by each broker, potentially aiding in their decision-making process.
| 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.
Exness and FXOpen both provide comprehensive trading platforms complete with popular features like simulated trading with free virtual demo accounts, allowing users to practice their strategies without risk. Both brokers support the well-known MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, ensuring a wide range of tools and features for traders. Additionally, they each have Windows-based desktop platforms and browser-based platforms for versatile access. However, Exness stands out with its proprietary platform developed in-house, whereas FXOpen does not offer a proprietary option. Both brokers offer copy trading, but only FXOpen provides access to ZuluTrade, a popular platform for social trading, which is not available with Exness.
When it comes to charting capabilities, Exness offers a larger array of drawing tools, with 87 options compared to FXOpen's 15, providing more ways to analyze market movements. Both brokers allow trading directly from stock charts and offer watch lists with seven columns to customize your view. Exness and FXOpen each earn a 4-star rating for their trading platforms and tools, but Exness is ranked higher by ForexBrokers.com, sitting at #31 out of 62 brokers, compared to FXOpen's #53 ranking. While both brokers have strong offerings, Exness may appeal more to traders who value a broader set of drawing tools and a proprietary platform.
| 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.
When it comes to mobile trading apps for Exness and FXOpen, both brokers offer apps available on iPhone and Android platforms. They also provide essential features like stock or forex price alerts, the ability to draw trendlines on charts, and viewing multiple time frames such as daily, weekly, or intraday. However, neither of them offers watchlist symbol syncing between the mobile app and the client's online account, nor is there an option to auto-save drawings on charts. Both apps allow users to create watchlists with real-time quotes, a vital tool for keeping track of your trades and market interests.
In terms of technical capabilities, Exness edges out slightly with 35 technical studies for charting, compared to FXOpen's 30 studies in their mobile app. However, both platforms share the same general rating for mobile trading apps with four stars out of five. Looking at industry rankings, Exness holds the 32nd position out of 62 brokers for their mobile trading apps category on ForexBrokers.com, while FXOpen is ranked at 54. Despite these differences, both apps offer solid trading experiences, making them strong contenders for individual mobile trading needs.
| 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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