FP Markets vs Exness

FP Markets provides traders with the industry-leading MT4 platform, its successor MT5, and cTrader and Iress. Traders get a twelve-plugin MT4/MT5 upgrade plus Autochartist, but the Iress has some restrictions based on user location. FP Markets caters to traditional account management via standard MAM/PAMM modules, algorithmic traders get VPS hosting, manual traders benefit from the Trading Central community and tools, and copy traders can use the embedded MT4/MT5/cTrader services, Myfxbook Autotrade, or the in-house social trading platform.

Exness is also considered a leading Forex broker, as evident by their monthly trading volumes exceeding $3.5 trillion and 100+ currency pairs that can be traded. Traders can use MT4/MT5 or opt for the proprietary Exness Terminal and mobile app Exness Trade. Exness also features one of the lowest cost structures industry-wide, flexible leverage, and excellent order execution. The broker handles $1.3+ billion in quarterly withdrawals, and Exness has therefore proven it can operate at a huge scale effectively.

We have conducted an in-depth review of FP Markets and Exness to determine which presents the better overall choice and which specific needs of traders are catered for best by the two firms.

Headquarters	Australia	Cyprus
Regulators	ASIC, CMA, CySEC, FSCA	CMA, CySEC, FCA, FSA, FSC Belize, FSC Mauritius, FSCA
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established	2005	2008
Execution Type(s)	ECN/STP	Market Maker
Minimum Deposit	$100	$10 (based on the account type)
Negative Balance Protection
Trading Platform(s)	MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based	MetaTrader 4, MetaTrader 5, Proprietary platform
Average Trading Cost EUR/USD	1.2 pips	0.6 pips
Average Trading Cost GBP/USD	1.4 pips	0.7 pips
Average Trading Cost WTI Crude Oil	$0.02	6.7 pips
Average Trading Cost Gold	$0.16	11.3 pips
Retail Loss Rate	70.70%	Undisclosed
Minimum Raw Spreads	0.0 pips	0.0 pips
Minimum Standard Spreads	1.0 pips	0.3 pips
Minimum Commission for Forex	$6.00 per Round Lot	$7.00 per 1.0 standard round lot
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
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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
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Noteworthy:

FP Markets offers quality educational content, while Exness has a proprietary copy trading service.

Available Markets

Currency Pairs
Cryptocurrencies
Commodities
Crude Oil
Gold
Metals
Equity Indices
Stocks (non-CFDs)
Bonds
ETFs
Options		N/A
Futures
Synthetics
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The FP Markets asset selection available depends on the trading platform used. Therefore, the geographic location of traders is important. Only Iress provides the most comprehensive choice, and this platform is not available in every jurisdiction. Exness is a superb Forex broker with 100+ currency pairs and features a better cryptocurrency selection than FP Markets. Still, FP Markets wins with its more balanced offering.

Typical Spreads & Fees

Average Trading Cost EUR/USD	1.2 pips	0.6 pips
Average Trading Cost GBP/USD	1.4 pips	0.7 pips
Average Trading Cost WTI Crude Oil	$0.02	6.7 pips
Average Trading Cost Gold	$0.16	11.3 pips
Average Trading Cost Bitcoin	$21.08	161.1 pips
Minimum Raw Spreads	0.0 pips	0.0 pips
Minimum Standard Spreads	1.0 pips	0.3 pips
Minimum Commission for Forex	$6.00 per Round Lot	$7.00 per 1.0 standard round lot
Deposit Fee
Withdrawal Fee
Inactivity Fee	No	No
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FP Markets and Exness feature competitive commission-based trading fees, but Exness has lower overall commissions. The same applies to the commission-free alternative. Equity CFD trading fees depend on the instrument, where FP Markets maintains an edge.

Account Types

FP Markets and Exness both offer commission-free and commission-based accounts. The FP Markets minimum deposit requirement is $100. At the same time, Exness has no minimum deposit requirement for the Exness Standard MT5 account. Still, traders must deposit at least $200 for the Raw Spread, ECN, and Pro options. Both brokers offer unlimited demo accounts and Sharia-compliant Islamic alternatives. One difference between the two firms is that FP Markets supports account management services via MAM/PAMM modules.

Minimum Deposit

FP Markets has a $100 minimum deposit versus $0 to $200 at Exness. The figure depends on the account type and payment processor the trader uses to fund the account. Both brokers support cryptocurrencies as deposits and have a range of e-wallets. FP Markets has more payment processors approved and ranked among the leading brokers offering choices in this category. Helpfully, both brokers support an outstanding range of deposit currencies.

Minimum Withdrawal

The FP Markets and Exness minimum withdrawal amounts depend on the payment processor selected as the withdrawal method. Regardless of stated fees, traders should avoid micro-transactions, as third-party payment processing fees may apply. Exness does not levy internal fees, while FP Markets has several free options, and some methods incur a processing fee. Both brokers have payment processors with instant payment processing times.

Security & Trust

Country of the Regulator	Australia, Cyprus, Kenya, South Africa	Cyprus, Kenya, Mauritius, Seychelles, United Kingdom, British Virgin Islands, South Africa, Curaçao
Name of the Regulator	ASIC, CMA, CySEC, FSCA	CMA, CySEC, FCA, FSA, FSC Belize, FSC Mauritius, FSCA
Regulatory License Number	286354, 103, 371/18, 50926	SD025, 0003LSI, SIBA/L/20/1133, 51024, GB20025294, 178/12, 730729, 162
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FP Markets and Exness rank among the most secure and trusted brokers worldwide, with excellent track records gained from well-regulated trading environments. Negative balance protection for retail traders exists at FP Markets and Exness, and both brokers actively segregate client deposits from corporate funds. Exness offers an investor compensation fund to all traders. At the same time, such protections are available at FP Markets depending on the operating subsidiary the trader onboards with.

FP Markets versus Exness Verdict

FP Markets

Exness

Exness is an industry-leading Forex broker and a competitive option for cryptocurrency traders. It is ideal for more demanding algorithmic traders and scalpers. FP Markets is the better overall choice, especially for beginners due to its educational content and helpful trading tools, and for equity traders in countries where Iress is available. FP Markets also shines with its payment processor choices.

You might also be interested in reviewing the below broker comparisons:

• FP Markets vs CMC
• FP Markets vs Pepperstone
• FP Markets vs FxPro
• Exness vs XM
• Exness vs Octafx
• Exness vs FXTM

FAQs

Who are FP Markets’ competitors?

Among the many competitors of FP Markets are Exness, Robo Forex, IG Markets, Pepperstone, CMC Markets, and IC Markets.

Is Exness the best broker?

Exness ranks among the best brokers for Forex traders due to its cutting-edge trading infrastructure, ultra-low Forex trading fees, and superb order execution.

Is FP Markets a good broker?

FP Markets is an outstanding broker featuring competitive trading fees, excellent trading platforms, and quality trading tools. It is a trusted broker suitable for all popular trading strategies.