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 comparing the commissions and fees of online brokers, Exness provides a variety of account types to accommodate different trading preferences, including two standard accounts and three professional accounts, alongside social copy trading options. The costs involved in trading with Exness are largely determined by the account type you choose. Commission-based accounts typically offer lower spreads, while the commission-free accounts feature wider spreads. Notably, the Pro account stands out with its dual execution methods—instant and market execution—allowing for flexibility in how trades are executed. The Zero Spread and Raw accounts charge a per-trade commission, offering cost-effective options for those looking for tighter spreads.
On the other hand, iFOREX does not provide detailed average spread information, which can be a consideration for traders who prioritize transparency in fees and commissions. While iFOREX offers a platform that may suit some traders, the lack of spread data may leave them at a disadvantage in fully understanding potential trading costs. In terms of star ratings, Exness fares better with a solid 4 out of 5 stars for its commissions and fees, reflecting a generally positive reception among traders. In comparison, iFOREX receives a rating of 3 stars, suggesting a less favorable evaluation in this area.
The ranking provided by ForexBrokers.com places Exness at #35 out of 62 brokers for the Commissions and Fees category, indicating a competitive standing. Conversely, iFOREX finds itself ranked at #60, which may steer budget-conscious traders more toward considering Exness for its higher ranking and better-reviewed cost structure.
| 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 Exness to iFOREX in terms of their range of investments, both platforms offer online forex trading through Contracts for Difference (CFDs) and spot contracts, providing flexibility for forex enthusiasts. Exness and iFOREX don't shy away from forex trading; however, while Exness provides 96 tradeable forex pairs, iFOREX offers 88 pairs. Though forex remains a significant part of their offerings, these platforms expand their trading symbols beyond forex, with iFOREX presenting a broader choice of 750 tradeable symbols compared to Exness’s 227. Nonetheless, neither broker allows direct purchases of exchange-traded securities like Apple shares on U.S. or international exchanges, focusing their platforms on CFD and spot markets.
Cryptocurrency derivatives are available on both Exness and iFOREX, though actual cryptocurrencies are not, further aligning their investment offerings primarily within derivative markets. Notably, a distinguishing feature separating them is the availability of copy trading on Exness, absent on iFOREX, which may attract traders interested in mirroring successful strategies. Both brokers enjoy an identical rating of 3.5 stars for their range of investments; however, iFOREX holds a slight edge in rankings, placed at 41 out of 62 brokers by ForexBrokers.com, in contrast with Exness’s position at 55. This suggests iFOREX’s broader selection of tradeable symbols may benefit those seeking diverse options within the CFD realm.
| 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, traders will find some notable differences between the two brokers. Exness caters to beginner traders by offering a free virtual demo account to practice trading without any financial risk, while iFOREX does not provide this feature. Both brokers have developed their own proprietary platforms, allowing traders to experience software uniquely tailored to their services. Additionally, Exness provides a Windows-based desktop platform which iFOREX lacks. For traders who prefer flexibility, both brokers offer web-based platforms accessible via browser.
Exness further distinguishes itself with the inclusion of MetaTrader 4 and MetaTrader 5, two popular platforms among traders seeking advanced tools and automation. In contrast, iFOREX does not offer these MetaTrader platforms. Those interested in copy trading will find this available at Exness, while iFOREX does not support it. For chart enthusiasts, Exness offers an extensive suite of 87 drawing tools compared to the 25 available with iFOREX. Both brokers allow direct trading from charts, but Exness offers fewer columns in watch lists compared to iFOREX, which provides 9 fields. Despite both earning a respectable 4-star rating for their platforms and tools, Exness is ranked higher at #26 compared to iFOREX's #54 ranking in ForexBrokers.com’s evaluations.
| 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 choosing between Exness and iFOREX for mobile trading, both offer apps compatible with iPhone and Android devices. However, Exness stands out by providing features such as price alerts and the ability to draw trendlines on charts, making it a more appealing option for traders who rely on technical analysis. With 35 technical studies available for charting and the ability to view multiple time frames, Exness caters to those who seek a comprehensive mobile trading experience. In contrast, iFOREX lacks some of these essential tools, as it does not provide price alerts, trendline drawing capabilities, or varying time frame views on its charts.
Another advantage of using Exness is the ability to create watchlists with real-time quotes, a feature that iFOREX does not offer. Although both platforms do not support watchlist syncing or auto-saving chart drawings, Exness achieves a more favorable ranking at #26 out of 62 brokers in the Mobile Trading Apps category by ForexBrokers.com, while iFOREX is ranked #55. Despite both apps receiving a rating of four stars, the added functionalities and higher ranking make Exness a more appealing choice for mobile traders looking to maximize their trading potential on-the-go.
| 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 #43, 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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2 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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| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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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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