Written by ForexBrokers.com
In this head to head comparison of Exness vs TopFX, 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, established in 2008, and TopFX, founded in 2010, are online brokers that operate without being publicly traded or functioning as banks. In terms of regulatory compliance, Exness holds a notable position with two Tier-1 licenses and three Tier-2 licenses. This regulatory backing contributes to Exness receiving a Trust Score of 81 out of 99 from ForexBrokers.com, categorizing it as a trusted broker in the industry.
Conversely, TopFX holds one Tier-1 license with no Tier-2 licenses and has a Trust Score of 67, which places it in the high-risk category according to ForexBrokers.com. This information highlights significant differences in the regulatory framework and perceived trustworthiness between the two brokers, making Exness appear more favorable for traders seeking a regulated environment.
| Feature |
Exness
|
TopFX
|
|---|---|---|
| Year Founded | 2008 | 2010 |
| 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 and TopFX, both platforms provide different account types tailored to suit varying trading preferences. Exness presents a broader selection with five main account options: two standard accounts and three professional accounts. Each account type has its unique trading conditions, with commission-free accounts having higher spreads than their commission-based counterparts. For example, the Zero Spread account charges a $0.05 commission per trade, while the Raw account charges up to $7 per round turn lot, offering lower spreads. Exness is rated 4 stars for its commissions and fees and ranks #38 out of 62 brokers in this category.
TopFX simplifies choices with two primary accounts: the spread-only ZERO account and the commission-based RAW account. The RAW account incurs a commission of 2.75 EUR per side (5.50 per round turn standard lot), alongside competitive average spreads of 0.33 pips for pairs like the EUR/USD. This yields an approximate all-in cost of 0.88 pips, aligning with industry standards. Conversely, the ZERO account offers no commission fees but comes with higher spreads, averaging 1.03 pips for the same currency pair. TopFX also holds a 4-star rating for commissions and fees and is ranked #40 among 62 brokers by ForexBrokers.com.
In summary, both Exness and TopFX deliver respectable options for traders, each with its unique fee structures and advantages. Exness offers more diverse account types with specific features like instant and market execution methods, making it a versatile choice for various trading strategies. Meanwhile, TopFX provides a more straightforward account setup with competitive spreads and commissions. Both brokers ensure a solid cost framework that appeals to different trading needs, evidenced by their equal star ratings but slightly different rankings.
| Feature |
Exness
|
TopFX
|
|---|---|---|
| Minimum Deposit | $10 | Depends on payment method |
| Average Spread EUR/USD - Standard | N/A | 1.03 |
| All-in Cost EUR/USD - Active | N/A | 0.88 |
| 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 and TopFX for their range of investment options, both brokers offer forex trading via CFDs or spot contracts. Exness provides a selection of 227 tradeable symbols with an impressive 96 forex pairs, while TopFX offers a broader choice of 655 tradeable symbols but only 60 forex pairs. Unfortunately, neither broker gives access to buying or investing in exchange-traded securities on U.S. or international exchanges, so clients can't purchase shares like Apple or Vodafone directly. Both platforms support copy trading, allowing investors to mirror expert strategies, and provide opportunities to trade cryptocurrency derivatives, though they don't offer the purchase of actual cryptocurrencies.
In terms of ratings, both Exness and TopFX receive 3.5 stars for their range of investments. However, they differ slightly in their market standings; Exness ranks 56th, while TopFX holds a slightly better position at 46th among 62 brokers according to ForexBrokers.com. This suggests that while Exness may have a more extensive variety of forex pairs, TopFX leads with a broader overall selection of symbols, potentially making it a more versatile choice for traders looking beyond forex. Both brokers offer a comparable level of service for investment range, each with unique strengths tailored to different trading needs.
| Feature |
Exness
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 227 | 655 |
| Forex Pairs (Total) | 96 | 60 |
| 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.
Both Exness and TopFX offer traders the ability to practice simulated trading with free virtual demo accounts, making them accessible to newcomers looking to hone their skills. While both brokers provide comprehensive platform options including Windows-based desktop downloads and web-based platforms, Exness stands out with its proprietary platform, something TopFX does not offer. Copy trading is supported by both brokers, but Exness provides the additional advantage of the more advanced MetaTrader 5 platform, alongside the widely used MetaTrader 4, whereas TopFX only offers MetaTrader 4. Neither broker includes niche platforms like DupliTrade or ZuluTrade in their offerings.
In terms of charting tools, Exness provides a more extensive selection with 87 drawing tools compared to TopFX’s 15, though both have the same number of technical indicators specified. Each platform enables trading directly from a stock chart, adding to the ease of executing trades. For organizing market watches, both brokers offer watch lists with seven columns. On ForexBrokers.com ranking for trading platforms and tools, Exness and TopFX both receive a respectable four out of five stars, but Exness edges ahead in overall ranking, positioned at #31 out of 62, as opposed to TopFX at #44. This suggests a slightly more favorable perception of Exness's trading platforms and tools among industry experts.
| Feature |
Exness
|
TopFX
|
|---|---|---|
| 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 | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| 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, both Exness and TopFX cater to iPhone and Android users. They provide essential features like price alerts and the ability to draw trendlines on stock or forex charts. One of the standout differences is that Exness offers 35 technical studies for charting, slightly more than the 30 provided by TopFX. However, Exness falls short in its inability to auto-save chart drawings, a feature that TopFX conveniently offers. Both brokers support creating watchlists with real-time quotes, yet neither provides watchlist symbol syncing with their mobile apps.
In terms of user ratings, both Exness and TopFX achieve a solid 4-star rating for their mobile apps. Despite this parity in user satisfaction, Exness enjoys a higher ranking at #32 compared to TopFX's #51 in the Mobile Trading Apps category according to ForexBrokers.com. While both platforms offer valuable tools and features for traders on the go, Exness's more extensive selection of technical studies and higher industry ranking might appeal to traders seeking detailed chart analysis.
| Feature |
Exness
|
TopFX
|
|---|---|---|
| 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 | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Exness and TopFX both provide a variety of market research tools, but with some key differences that may impact a trader's decision. Exness excels in daily market commentary, offering regular updates that can be crucial for timely trading decisions, while TopFX does not provide this feature. Both brokers deliver forex news from premium sources like Bloomberg and Reuters. However, when it comes to technical analysis tools, Exness collaborates with Trading Central, whereas TopFX adds more options by affiliating with Autochartist as well.
In terms of additional research features, both brokers include sentiment-based trading tools that identify the ratio of long or short positions in currency pairs. However, neither broker offers research tools from companies like TipRanks or Acuity Trading. Furthermore, they both provide an economic calendar that highlights key global events. In terms of overall research quality, ForexBrokers.com has rated Exness with 3.5 stars, positioning it at rank #41 out of 62 brokers, while TopFX holds a slightly lower rank at #59, with a 3-star rating. These rankings demonstrate Exness's edge over TopFX in the research category, potentially offering more value for traders prioritizing comprehensive market insights.
| Feature |
Exness
|
TopFX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| 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 stands out compared to TopFX. Exness provides a well-rounded learning experience with over 10 educational pieces focused on forex and CFDs. Additionally, Exness offers a searchable archive of recorded client webinars, making it easier for learners to revisit important content. Beginners can also benefit from more than 10 instructional videos aimed at teaching them the basics of trading. Furthermore, Exness includes a comprehensive investor dictionary with definitions for over 50 investing terms, which can be beneficial for those new to the field. These offerings contribute to Exness's 3.5-star rating for education by ForexBrokers.com, where it ranks 47th out of 62 brokers.
In comparison, TopFX falls short in several areas regarding educational materials for novice traders. The broker does not provide the minimum of 10 educational resources centered on forex and CFDs and lacks a searchable archive of previously recorded webinars. While both brokers do not host monthly educational webinars, TopFX also does not offer the 10 beginner-focused educational videos available through Exness. Additionally, there is no investor dictionary available for users on TopFX. As a result, TopFX is rated 3 stars for education by ForexBrokers.com and ranks 60th among 62 brokers, indicating significant room for improvement in supporting new traders.
| Feature |
Exness
|
TopFX
|
|---|---|---|
| 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 | 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 TopFX. Exness finished with an overall rank of #43, while TopFX finished with an overall rank of #61.
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
|
TopFX
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 81 | 67 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both Exness and TopFX do not allow the purchase of actual cryptocurrencies, offering instead the ability to trade cryptocurrency derivatives.
Exness and TopFX both support Skrill, Visa, Mastercard, and bank wire transactions, but only TopFX offers the option to deposit or withdraw funds using PayPal, while neither broker supports 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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Exness | TopFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 81 | 67 | |
| Winner | check_circle | ||
| Review | Exness Review | TopFX Review |
| Broker Screenshots | Exness | TopFX | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | Exness | TopFX | |
|---|---|---|---|
| Trust Score | 81 | 67 | |
| Year Founded | 2008 | 2010 | |
| 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 | TopFX | |
|---|---|---|---|
| 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 | No | |
| 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 | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 227 | 655 | |
| Forex Pairs (Total) | 96 | 60 | |
| 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 | Exness | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.03 | |
| All-in Cost EUR/USD - Active | N/A | 0.88 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Exness | TopFX | |
|---|---|---|---|
| Minimum Deposit | $10 | Depends on payment method | |
| 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 | TopFX | |
|---|---|---|---|
| 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 | No | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Exness | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| 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 | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Exness | TopFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Exness | TopFX | |
|---|---|---|---|
| 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 | No |
| Major Forex Pairs | Exness | TopFX | |
|---|---|---|---|
| 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 | TopFX Review |
| Overall | Exness | TopFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 81 | 67 | |
| Winner | check_circle | ||
| Review | Exness Review | TopFX Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill