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 online brokers Exness and TopFX in terms of commissions and fees, Exness offers a broad variety of account options with five main types: two standard accounts and three professional accounts. Notably, Exness also provides two specialized accounts for social copy trading—Social Standard and Social Pro—catering to users wanting to share strategies. The fees you incur with Exness largely depend on your chosen account. Their accounts with commissions have lower spreads compared to commission-free accounts. All accounts offer market execution, except the Pro account, which provides both instant and market executions. Exness holds a four-star rating for commissions and fees and ranks #35 among 62 brokers in this category on ForexBrokers.com.
TopFX, on the other hand, features two main account types available on MetaTrader and cTrader: the spread-only ZERO account and the commission-based RAW account. The RAW account charges a commission of 2.75 EUR per side, amounting to 5.50 EUR per round turn for a standard lot. The commission-based account has average spreads of 0.33 pips for EUR/USD as of July 2024, making its all-in cost about 0.88 pips, which aligns with the industry average. The commission-free ZERO account, however, presents higher average spreads of 1.03 pips on EUR/USD. TopFX also boasts a four-star rating for commissions and fees, ranking #40 out of 62 brokers according to ForexBrokers.com.
Both brokers offer competitive fee structures tailored to different trading needs. Exness provides flexibility with its multiple account types and execution options, while TopFX simplifies choices with its two accounts while maintaining competitive spreads and commissions. Each broker holds a respectable position in the ForexBrokers.com rankings and maintains an equal star rating, ensuring both are reliable options for different trading preferences. However, Exness slightly leads with a better ranking, giving it a slight edge in the competitive market.
| 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.
Exness and TopFX both cater to forex traders by offering forex trading as either a CFD or spot contract. While both platforms provide numerous trading opportunities, TopFX stands out with a more extensive range of tradeable symbols, offering 655 compared to Exness's 227. That said, Exness has a slight edge in the number of tradeable forex pairs with 96, outperforming TopFX's 60. Neither broker provides access to exchange traded securities on U.S. or international exchanges, so clients of both firms will not find opportunities to directly purchase shares of companies like Apple or Vodafone. However, traders on either platform can engage in copy trading and trade cryptocurrency derivatives, though neither offers the option to buy actual cryptocurrencies.
In terms of investment range, both Exness and TopFX are rated equally with 3.5 stars. Despite this parity in their star ratings, TopFX ranks higher among 62 brokers in ForexBrokers.com's Range of Investments category, coming in at #46 compared to Exness's #55. This suggests that while both brokers may offer similar features, TopFX's broader selection of symbols might give it an advantageous position for those prioritizing investment diversity.
| 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.
Exness and TopFX both provide a variety of trading platforms and tools suitable for traders of all experience levels. Each broker offers simulated trading through free virtual demo accounts, allowing beginners to practice before committing real capital. While Exness features a proprietary platform developed in-house, TopFX sticks to industry-standard platforms but excels with its comprehensive desktop and web-based applications. Both brokers facilitate trading on the popular MetaTrader 4 platform, though Exness expands your options by also supporting MetaTrader 5. Copy trading enthusiasts will find that both Exness and TopFX meet their needs with readily available features.
When it comes to integrating charting tools and watch list functionalities, Exness proves advantageous with 87 drawing tools compared to TopFX’s 15, providing a richer experience for technical analysis. The capability to trade directly from a stock chart is also present at both brokers, enhancing trade execution speed. Despite having similar ratings of 4 out of 5 stars for their trading platforms and tools, Exness holds a stronger position in ranks at 26th compared to TopFX's 44th place when evaluated among 62 brokers by ForexBrokers.com. Whether you’re evaluating features like watch lists with 7 available columns or focusing on platform variety, both brokers offer competitive trading packages.
| 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.
Both Exness and TopFX offer mobile trading apps for iPhone and Android users, ensuring accessibility across major platforms. They provide stock and forex price alerts, allowing traders to stay informed on significant market changes. While both apps lack watchlist symbol syncing, they do enable users to draw trend lines and view multiple time frames on charts. A notable difference is in chart drawings: TopFX auto-saves these, while Exness does not.
In terms of technical studies for charting, Exness leads with 35 options compared to TopFX's 30. Both apps allow creating watchlists with real-time quotes, catering to those who want up-to-date information at their fingertips. Despite both receiving a solid 4-star rating for their mobile trading apps, Exness holds a higher rank at #26 when compared to TopFX's #51 in the Mobile Trading Apps category by ForexBrokers.com. This suggests a slightly more favorable reception or feature set with Exness in the competitive broker landscape.
| 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
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TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 81 | 67 |
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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.
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0 of 5| Overall Rating | Exness | TopFX | |
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| Trust Score | 81 | 67 | |
| Winner | check_circle | ||
| Review | Exness Review | TopFX Review |
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| 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 | |
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| Trust Score | 81 | 67 | |
| Winner | check_circle | ||
| Review | Exness Review | TopFX Review |
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