FBS vs. Exness
FBS & Exness Comparison
FBS and Exness are leading global Forex brokers, but which one should you trust with your Forex portfolios?
I have conducted an in-depth review of FBS vs. Exness to determine which presents the better overall choice and which types of traders will benefit the most at each broker.
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Headquarters | Cyprus | Belize |
Regulators | CMA, CySEC, FCA, FSA, FSC Belize, FSC Mauritius, FSCA | ASIC, CySEC, FSC Belize |
Tier 1 Regulator(s)? | ||
Owned by Public Company? | ||
Year Established | 2008 | 2009 |
Execution Type(s) | Market Maker | ECN/STP |
Minimum Deposit | $10 (based on the account type) | $5 |
Negative Balance Protection | ||
Trading Platform(s) | MetaTrader 4, MetaTrader 5, Proprietary platform | Other, MetaTrader 4, MetaTrader 5+ |
Average Trading Cost EUR/USD | 0.6 pips | $11.00 |
Average Trading Cost GBP/USD | 0.7 pips | $14.00 |
Average Trading Cost WTI Crude Oil | 6.7 pips | $0.05 |
Average Trading Cost Gold | 11.3 pips | $0.31 |
Retail Loss Rate | Undisclosed | 69.21% |
Minimum Raw Spreads | 0.0 pips | Not applicable |
Minimum Standard Spreads | 0.3 pips | 0.7 pips |
Minimum Commission for Forex | $7.00 per 1.0 standard round lot | Commission-free |
Islamic Account | ||
Signals | ||
US Persons Accepted? | ||
Managed Accounts | ||
| Get Started | Get Started |
A snapshot of the most notable advantages uncovered by our FBS review:
- Reasonable commission-free trading fees
- One account for all traders
- 23M+ traders from 150+ countries
- $500M+ in annual profits by FBS traders
- 48% of FBS traders consider their trading revenues as their main source of income
- One withdrawal request each 20 seconds
- 700K+ partners and $1.5M+ in monthly commission payouts
A snapshot of the most notable advantages of Exness:
- 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
- 800,000+ active traders
- 64,000+ partners
- Instant withdrawals
- VPS hosting and API trading
- Deep liquidity and excellent order execution
Features & Platforms
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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 | ||
| Get Started | Get Started |
Available Markets
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Currency Pairs | ||
Cryptocurrencies | ||
Commodities | ||
Crude Oil | ||
Gold | ||
Metals | ||
Equity Indices | ||
Stocks (non-CFDs) | ||
Bonds | ||
ETFs | ||
Options | N/A | |
Futures | ||
Synthetics | ||
| Get Started | Get Started |
FBS offers traders a balanced asset selection with liquid trading instruments, ideal for receiving entry-level diversification, and here is why Exness is a better choice for Forex traders:
- More currency pairs
- Flexible leverage settings
- Swap-free trading on all Forex majors and crypto CFDs
- Cryptocurrency CFDs with multiple Bitcoin-fiat crosses, ideal for Forex traders
Typical Spreads & Fees
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Average Trading Cost EUR/USD | 0.6 pips | $11.00 |
Average Trading Cost GBP/USD | 0.7 pips | $14.00 |
Average Trading Cost WTI Crude Oil | 6.7 pips | $0.05 |
Average Trading Cost Gold | 11.3 pips | $0.31 |
Average Trading Cost Bitcoin | 161.1 pips | $20.00 |
Minimum Raw Spreads | 0.0 pips | Not applicable |
Minimum Standard Spreads | 0.3 pips | 0.7 pips |
Minimum Commission for Forex | $7.00 per 1.0 standard round lot | Commission-free |
Deposit Fee | ||
Withdrawal Fee | ||
Inactivity Fee | No | N/A |
| Get Started | Get Started |
FBS simplified its cost structure to offer one commission-free option. Exness provides traders with commission-free and commission-based alternatives, but which Forex broker is cheaper?
Exness has cheaper commission-free trading fees than FBS. Exness commission-based trading fees are significantly lower than FBS commission-free trading fees.
Account Types
Traders get demo accounts at FBS and Exness. Islamic accounts, otherwise known as swap-free accounts, are available at both Forex brokers, but Exness makes swap-free trading available to all traders.
FBS offers a demo account and Exness also offers a demo account.
FBS vs. Exness Primary Account Structure Differences
Here is what stands out the most:
- FBS has one account type
- Exness has more account type choices
- Exness has lower trading fees, resulting in more profits per trade
Minimum Deposit
How Difficult Is It to Deposit at FBS Vs. Exness?
FBS and Exness make depositing easy. While the payment processor determines the minimum transaction value at Exness, the best-priced accounts require a $500 deposit. FBS has one account with a $5 minimum deposit, but Exness maintains an edge as it supports more deposit currencies than FBS.
Minimum Withdrawal
Which Withdrawal Process Is Better: FBS or Exness?
The withdrawal process at FBS and Exness is efficient and fast, but Exness features instant to near-instant withdrawals without manual approval for verified Forex traders and payment processors. The FBS automated withdrawal system takes five to twenty minutes. FBS also has higher withdrawal fees, granting Exness the lead.
Security & Trust
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Country of the Regulator | Cyprus, Kenya, Mauritius, Seychelles, United Kingdom, British Virgin Islands, South Africa, Curaçao | Australia, Belize, Cyprus |
Name of the Regulator | CMA, CySEC, FCA, FSA, FSC Belize, FSC Mauritius, FSCA | ASIC, CySEC, FSC Belize |
Regulatory License Number | SD025, 0003LSI, SIBA/L/20/1133, 51024, GB20025294, 178/12, 730729, 162 | 000102/6, 331/17, 426359 |
Regulatory Tier | N/A | 4, 1, 1 |
| Get Started | Get Started |
Which Broker Is More Secure and Trustworthy?
Traders receive negative balance protection at FBS and Exness, and both brokers segregate client deposits from corporate funds. Exness is also a Hong Kong-based Financial Commission member, extending an investor compensation fund of up to €20,000 for all traders. FBS and Exness are well-established brokers with an excellent track record spanning 10+ years. Therefore, I rank both as equally secure and trustworthy.
FBS versus Exness Verdict
FBS
Pros | Cons |
Minimum deposit of $5 with maximum leverage of 1:3000 | Limited overall asset selection |
One of the largest trading communities | |
High-paying partnership program with $1.5M+ in monthly commission payouts | |
Balanced asset selection of liquid trading instruments with reasonable fees |
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?
FBS shines with its trading community and value-added services, introducing beginners to multi-asset trading. Exness delivers a highly competitive trading environment with deep liquidity and ultra-low-latency order execution.
My Verdict
FBS is a good choice for beginners seeking education and research, but Exness features ultra-low Forex trading fees, including swap-free trading, making it a notably superior Forex broker.
FAQs
How old is FBS broker?
FBS began its journey in 2009 and established itself among the best-known Forex brokers.
Is FBS broker fake or real?
FBS is a genuine broker, compliant with two regulators, and has 15+ years of spotless operational experience.
Is FBS a good Forex broker?
FBS is an excellent Forex broker for beginners, offering education and research, reasonable commission-free trading fees, a high-paying partnership program, and one account type with a $5 minimum deposit. Its massive trading community of 23M+ traders and 70,000+ partners confirms its excellence.
Which broker is better than Exness?
While many brokers offer education and research for beginners, Exness ranks among the leading Forex brokers across all categories relevant to an ultra-competitive trading environment.
Which is better: Exness or FBS?
FBS is better for beginners, but Exness is one of the best Forex brokers for active traders.