Forex.com and Exness are leading global Forex brokers, but which one should you trust your Forex portfolios with?
I have conducted an in-depth review of Forex.com vs. Exness to determine which presents the better overall choice and which traders will benefit the most at either broker.
Headquarters | Cyprus | United States |
Regulators | CMA, CySEC, FCA, FSA, FSC Belize, FSC Mauritius, FSCA | ASIC, CFTC, CIMA, CySEC, FCA, FSA, IIROC, NFA |
Tier 1 Regulator(s)? | ||
Owned by Public Company? | ||
Year Established | 2008 | 2001 |
Execution Type(s) | Market Maker | Market Maker |
Minimum Deposit | $10 (based on the account type) | $100 |
Negative Balance Protection | ||
Trading Platform(s) | MetaTrader 4, MetaTrader 5, Proprietary platform | MetaTrader 4, MetaTrader 5, Proprietary platform, Trading View |
Average Trading Cost EUR/USD | 0.6 pips | 1.1 pips |
Average Trading Cost GBP/USD | 0.7 pips | 1.3 pips |
Average Trading Cost WTI Crude Oil | 6.7 pips | $0.035 |
Average Trading Cost Gold | 11.3 pips | $0.63 |
Retail Loss Rate | Undisclosed | 73.00% |
Minimum Raw Spreads | 0.0 pips | 0.0 pips |
Minimum Standard Spreads | 0.3 pips | 0.8 pips |
Minimum Commission for Forex | $7.00 per 1.0 standard round lot | $5 per $100K |
Islamic Account | ||
Signals | ||
US Persons Accepted? | ||
Managed Accounts | ||
Visit Website | Visit Website |
Here is a snapshot of the most notable advantages of Forex.com uncovered by our Forex.com review:
- Ultra-low trading fees.
- Six-tier volume-based rebate program with up to $50 per $1M traded.
- Capitalise AI for code-free algorithmic trading.
- 99.69% of trade execution in less than one second.
- Average execution speed of 0.03 seconds.
- 58.24% of limit orders with price improvement.
- Average Forex price improvement of 0.73 pips or $7.30 per 1.0 standard lot.
Here is a snapshot of the most notable advantages of Exness uncovered by our Exness review:
- Ultra-low trading fees.
- Swap-free trading on all Forex majors, most Forex minors, gold, crypto, and indices.
- $5+ trillion in monthly trading volume.
- 1.9 billion executed trades in 2023.
- VPS hosting and API trading.
- Deep liquidity and excellent order execution.
Features & Platforms
MT4 | ||
MT5 | ||
MT4/MT5 Add-Ons | ||
cTrader | ||
Proprietary Platform | ||
Automated Trading | ||
Social/Copy Trading | ||
DOM? | ||
Guaranteed Stop Loss | ||
Scalping | ||
Hedging | ||
One-Click Trading | ||
OCO Orders | ||
Interest on Margin | ||
Visit Website | Visit Website |
Available Markets
Currency Pairs | ||
Cryptocurrencies | N/A | |
Commodities | ||
Crude Oil | ||
Gold | ||
Metals | ||
Equity Indices | ||
Stocks (non-CFDs) | ||
Bonds | N/A | |
ETFs | ||
Futures | ||
Synthetics | ||
Visit Website | Visit Website |
Forex.com offers traders 80+ currency pairs and 5,500+ equity-focused assets. Exness features a smaller asset selection but a broader choice of currency pairs and a competitive cryptocurrency offering for Forex traders.
Here is why Forex.com is a better choice for most traders:
- Faster order execution.
- Superior price improvement technology.
- Higher volume-based rebate program.
Typical Spreads & Fees
Average Trading Cost EUR/USD | 0.6 pips | 1.1 pips |
Average Trading Cost GBP/USD | 0.7 pips | 1.3 pips |
Average Trading Cost WTI Crude Oil | 6.7 pips | $0.035 |
Average Trading Cost Gold | 11.3 pips | $0.63 |
Average Trading Cost Bitcoin | 161.1 pips | $60 |
Minimum Raw Spreads | 0.0 pips | 0.0 pips |
Minimum Standard Spreads | 0.3 pips | 0.8 pips |
Minimum Commission for Forex | $7.00 per 1.0 standard round lot | $5 per $100K |
Deposit Fee | ||
Withdrawal Fee | ||
Inactivity Fee | No | $15 monthly after 12 months |
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Both brokers offer traders a choice of commission-free and commission-based trading accounts, but which one is cheaper?
Exness fees for Forex are lower than Forex.com fees, while high-volume traders can achieve lower costs at Forex.com.
Account Types
The Forex.com account types lack a swap-free Islamic option, while the Exness account types have more sub-account options. Both brokers provide demo accounts and support algorithmic and copy trading.
Are there any other noteworthy differences in the account structure between Forex.com vs. Exness?
Here is what stands out the most:
- Forex.com has a volume-based rebate program.
- Forex.com has a price improvement technology.
- Exness has lower fees.
Minimum Deposit
How difficult is it to deposit at Forex.com vs. Exness?
The Forex.com minimum deposit is $100 versus the Exness minimum deposit of $0. Traders receive more deposit payment processors and deposit currencies at Exness vs. Forex.com, including cryptocurrency deposits at the former, making depositing more convenient for many traders. Forex.com and Exness rank among the most trusted and secure Forex brokers.
Minimum Withdrawal
Which withdrawal process is better: Forex.com or Exness?
Forex.com has a $100 minimum withdrawal requirement versus no minimum at Exness. Traders also have more Exness withdrawal methods than Forex.com withdrawal methods, including cryptocurrency withdrawals. Exness delivers faster processing times without manual approval for verified traders. Neither broker levies internal withdrawal fees, and both maintain trusted withdrawal infrastructures.
Security & Trust
Country of the Regulator | Cyprus, Kenya, Mauritius, Seychelles, United Kingdom, British Virgin Islands, South Africa, Curaçao | Australia, Canada, Cyprus, Japan, Cayman Islands, Singapore, United Kingdom, United States |
Name of the Regulator | CMA, CySEC, FCA, FSA, FSC Belize, FSC Mauritius, FSCA | ASIC, CFTC, CIMA, CySEC, FCA, FSA, IIROC, NFA |
Regulatory License Number | SD025, 0003LSI, SIBA/L/20/1133, 51024, GB20025294, 178/12, 730729, 162 | 0339826,291, Undisclosed, 446717, 400/21, 25033, 345646, Undisclosed |
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Which broker is more secure and trustworthy?
Forex.com and Exness offer negative balance protection and segregate client deposits from corporate funds. Exness also has an investor compensation fund of up to €20,000 via the Hong Kong-based Financial Commission. Both Forex brokers have 10+ years of experience, multiple regulators in trader-friendly jurisdictions, and an excellent track record. Therefore, I rank both brokers as equally secure and trustworthy.
Exness versus Forex.com Verdict
Forex.com
Pros | Cons |
80+ currency pairs and overall quality asset selection | Limited funding options |
High-quality proprietary web-based and desktop trading platform plus MT4/MT5 | |
Competitive trading costs for active traders | |
Research, education, and quality trading tools |
Exness
Pros | Cons |
Instant withdrawals from a trusted broker with numerous payment processors | No beginner education |
High level of transparency and financial audits by Big Four accountancy Deloitte | |
Multi-regulated broker with outstanding order and volume statistics | |
24/7 multi-lingual customer service |
Which Forex broker is better?
Forex.com and Exness are industry-leading brokers, and I recommend traders test them in the Forex.com demo account and the Exness demo account.
This is my verdict:
Exness is a world-class broker and an excellent choice for seasoned traders, offering low fees and a cutting-edge trading infrastructure. However, Forex.com pulls marginally ahead due to its price improvement technology and Capitalise AI for algorithmic trading in a code-free environment. Forex.com is an excellent broker offering low fees, volume-based rebates, cutting-edge trading platforms, and Capitalise AI for code-free algorithmic trading. Exness is a legitimate broker founded in 2008, compliant with six regulators, and a Hong Kong-based Financial Commission member. Exness provides ultra-low spreads, but some traders may experience high spreads due to the asset and trading time. Exness established itself among the most trusted Forex brokers with an exceptional track record and compliance with six regulators, including one central bank. Forex.com has been a genuine broker operating since 2001 and complies with five regulators. It depends on individual trader requirements, as Exness ranks among the leaders in the core categories that define a competitive trading environment. However, Forex.com has a better overall offering for most traders.FAQs
Is Forex.com a good broker?
Is Exness legal?
Why is Exness spread so high?
Can Exness be trusted?
Is Forex.com real or fake?
Which broker is better than Exness?