Written by ForexBrokers.com
In this head to head comparison of Exness vs iFOREX, 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.
Exness and iFOREX are well-known online brokers, each with its own strengths. Founded in 2008, Exness holds 2 Tier-1 licenses, which are deemed highly trustworthy by ForexBrokers.com. Alongside these, Exness has 3 Tier-2 licenses, contributing to its commendable Trust Score of 81 out of 99, signifying a trusted status. Unlike publicly traded companies or banks, Exness prioritizes delivering a reliable trading experience backed by stringent regulations.
Established in 1996, iFOREX also operates a non-bank, privately run platform. It holds 1 Tier-1 license, reflecting a respectable level of trust, and carries a Trust Score of 75, suggesting an average risk according to ForexBrokers.com. Although it lacks Tier-2 licenses, iFOREX continues to stand as a long-established entity in the trading market, appealing to users seeking alternative options in the financial landscape.
| Feature |
Exness
|
iFOREX
|
|---|---|---|
| Year Founded | 2008 | 1996 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When it comes to trading commissions and fees, Exness offers a versatile range of account types that cater to different trading strategies and preferences. With five primary account options, including two standard and three professional accounts, traders can choose what best suits their needs. Exness provides varied trading conditions across these accounts, with the commission-based options offering tighter spreads than their commission-free counterparts. All accounts utilize market execution, though the Pro account allows flexibility between instant and market execution. For example, the Standard Cent account has higher spreads and more restrictions, while the Standard and Pro accounts offer superior conditions with lower spreads.
On the more advanced side, Exness features the Zero Spread and Raw accounts. The Zero Spread account levies a modest per-trade commission of $0.05, with no leverage or stop-out restrictions. The Raw account similarly aims to benefit active traders with a commission of up to $7 per round turn lot and lower spreads. Exness is rated 4 stars for its commissions and fees, ranking #38 out of 62 brokers by ForexBrokers.com.
In contrast, iFOREX, which lacks specific average spread data for its trading accounts, follows a different structure. With less transparency in its pricing model, iFOREX has earned a 3-star rating for commissions and fees. Rank-wise, it stands at #60 out of the same pool of 62 brokers, indicating that it might not be as cost-effective as Exness for traders mindful of their fees.
| Feature |
Exness
|
iFOREX
|
|---|---|---|
| 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 | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| 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 the online brokers Exness and iFOREX for their range of investments, both platforms offer forex trading as CFDs or spot contracts. Exness provides a notable selection of 96 tradeable forex pairs, slightly surpassing iFOREX's offering of 88 pairs. However, iFOREX pulls ahead when considering the total tradeable symbols, boasting a diverse array of 750, compared to Exness's 227 symbols. Both brokers do not provide access to exchange-traded securities on U.S. or international exchanges, indicating a focus on derivative products rather than direct stock investments.
Another distinctive feature of Exness is its copy trading option, which is absent in iFOREX. In terms of cryptocurrency, both brokers allow trading in cryptocurrency derivatives but do not offer the purchase of actual cryptocurrencies. Despite these offerings, both brokers share a 3.5-star rating for their range of investments. Yet, in ForexBrokers.com's rankings, iFOREX is positioned higher at #41, compared to Exness's rank of #56 out of 62 brokers. This highlights iFOREX's slightly superior standing in the realm of investment options.
| Feature |
Exness
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 227 | 750 |
| Forex Pairs (Total) | 96 | 88 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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 of Exness and iFOREX, there are noticeable differences tailored to diverse trading needs. Exness offers a more versatile experience with both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), along with a proprietary platform and a desktop download option for Windows users. This array of platforms is complemented by a web-based platform, allowing access from virtually anywhere. Exness also stands out with features like a free virtual demo account for practice and copy trading, which provides opportunities for traders to diversify their strategies. In terms of charting, Exness offers 87 drawing tools and the ability to trade directly from a stock chart, making it particularly appealing to those who value in-depth technical analysis.
On the other hand, iFOREX focuses on its proprietary platform accessible via web browsers, which might appeal to traders looking for simplicity without the need for software downloads. However, it lacks some of the more advanced features and tools available at Exness, such as MT4 and MT5, copy trading, and a demo account option for risk-free practice. Despite offering 25 drawing tools and nine columns for watch lists, iFOREX falls behind in variety and flexibility. Exness is ranked #31 for trading platforms and tools, whereas iFOREX is ranked #54, suggesting that while both brokers receive the same four-star rating, Exness provides a more comprehensive toolkit for traders seeking a deeper, more varied trading experience.
| Feature |
Exness
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 107 | 57 |
| Charting - Drawing Tools (Total) | 87 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Exness and iFOREX provide options for iPhone and Android users. However, Exness tends to stand out with features that enhance trading experience. Exness offers investors the crucial advantage of stock and forex price alerts, a feature not available with iFOREX. Furthermore, Exness’s app boasts 35 technical studies for charting, allowing users to have an in-depth view of market trends, while iFOREX does not provide comparable charting tools. In addition, Exness supports drawing trendlines and viewing multiple time frames on stock or forex charts, which iFOREX lacks, offering traders a more versatile analysis toolkit. Although neither platform syncs watchlist symbols between mobile and web applications, Exness allows users to create watchlists with real-time quotes, a feature unavailable in iFOREX.
In terms of ratings, both platforms score 4 out of 5 stars for mobile trading apps. Nevertheless, Exness holds a stronger market position, ranking 32nd out of 62 brokers according to ForexBrokers.com, compared to iFOREX's 55th place. If having comprehensive charting tools and customizable alerts are priorities for your trading strategy, Exness might be the more appealing choice. While iFOREX’s app may serve basic trading needs, Exness offers a suite of features that can support more advanced trading activities right from your mobile device.
| Feature |
Exness
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 35 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing Exness and iFOREX in terms of market research offerings, both online brokers provide essential tools for traders. They each offer daily market commentary, ensuring traders are kept informed of the latest trends and updates. While Exness supplies forex news from top-tier sources such as Bloomberg and Reuters, iFOREX unfortunately does not include this feature, which might be a significant consideration for those who value well-rounded news coverage. Both brokers feature technical analysis tools via Trading Central and sentiments tools, giving insights into market trends and the ratio of long or short positions across various instruments. Additionally, they both include an economic calendar to help users track global economic news events.
Despite similar offerings, the quality and breadth of their research capabilities may impact traders differently. Exness holds a slight edge with its inclusion of top-tier forex news, contributing to a well-rounded trading environment. Both brokers are rated 3.5 stars for research quality. However, Exness ranks higher on ForexBrokers.com, coming in at #41 out of 62 brokers, while iFOREX places at #48. This ranking difference might influence traders seeking comprehensive research features to lean slightly towards Exness, although both platforms have valuable tools to offer.
| Feature |
Exness
|
iFOREX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | 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.
When it comes to educational resources for beginners, Exness and iFOREX present distinct offerings for aspiring traders. Exness stands out by providing a suite of educational materials, including over ten articles, videos, and recorded webinars specifically focused on forex and CFDs. They also offer a searchable archive of recorded webinars for continued learning at one's own pace. Additionally, Exness provides at least ten beginner-focused trading videos, making it easier for newcomers to grasp essential concepts. Furthermore, Exness goes the extra mile by offering an investor dictionary containing definitions for over 50 investing terms, which can be extremely helpful for those new to trading.
On the other hand, while iFOREX also delivers a series of over ten beginner-oriented educational videos, it falls short in other aspects. Unlike Exness, iFOREX does not provide a minimum of ten educational articles or videos on forex and CFDs. Additionally, the platform lacks features such as a searchable archive of previously recorded webinars and an investor dictionary. Both platforms do not host live webinars monthly or offer advanced educational videos targeting experienced traders. Both received a 3.5-star rating for education, with Exness ranked 47th and iFOREX 53rd out of 62 brokers by ForexBrokers.com, reflecting their similar standings in educational offerings but highlighting Exness's broader range of beginner resources.
| Feature |
Exness
|
iFOREX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | No |
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 iFOREX. Exness finished with an overall rank of #41, while iFOREX finished with an overall rank of #52.
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
|
iFOREX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 81 | 75 |
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Both Exness and iFOREX do not provide the option to buy actual (delivered) cryptocurrency, but they both offer the ability to trade cryptocurrency derivatives instead.
When comparing the online brokers Exness and iFOREX, it's notable that while neither platform supports ACH or SEPA transfers, only iFOREX offers PayPal for transactions; both brokers accept Skrill, Visa or Mastercard, and bank wires as methods for depositing and withdrawing 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 | iFOREX | |
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| Trust Score | 81 | 75 | |
| Winner | check_circle | ||
| Review | Exness Review |
| Broker Screenshots | Exness | iFOREX | |
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| Regulation | Exness | iFOREX | |
|---|---|---|---|
| Trust Score | 81 | 75 | |
| Year Founded | 2008 | 1996 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 3 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | Exness | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 227 | 750 | |
| Forex Pairs (Total) | 96 | 88 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Exness | iFOREX | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Exness | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $10 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| 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 | iFOREX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Exness | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 107 | 57 | |
| Charting - Drawing Tools (Total) | 87 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Exness | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 35 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | No |
| Research | Exness | iFOREX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Exness | iFOREX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Exness | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
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| Trust Score | 81 | 75 | |
| Winner | check_circle | ||
| Review | Exness Review |
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