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
AustraliaCyprus
Regulators
ASIC, CySEC, FSCACBSC, CMA, CySEC, FCA, FSA, FSC Belize, FSC Mauritius, FSCA
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established
20052008
Execution Type(s)
ECN/STPMarket Maker
Minimum Deposit
$100$10 (based on the account type)
Negative Balance Protection
Trading Platform(s)
MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-basedMetaTrader 4, MetaTrader 5, Proprietary platform
Average Trading Cost EUR/USD
1.1 pips0.6 pips
Average Trading Cost GBP/USD
1.4 pips0.7 pips
Average Trading Cost WTI Crude Oil
$0.04 1.7 pips
Average Trading Cost Gold
$0.21 12.5 pips
Retail Loss Rate
70.70%Undisclosed
Minimum Raw Spreads
0.0 pips0.0 pips
Minimum Standard Spreads
1.0 pips0.3 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
Get StartedGet Started

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
Get StartedGet Started

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
N/A
Stocks (non-CFDs)
Bonds
ETFs
Options
N/A
Futures
Synthetics
Get StartedGet Started

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
1.1 pips0.6 pips
Average Trading Cost GBP/USD
1.4 pips0.7 pips
Average Trading Cost WTI Crude Oil
$0.04 1.7 pips
Average Trading Cost Gold
$0.21 12.5 pips
Average Trading Cost Bitcoin
$13 206.7 pips
Minimum Raw Spreads
0.0 pips0.0 pips
Minimum Standard Spreads
1.0 pips0.3 pips
Minimum Commission for Forex
$6.00 per Round Lot$7.00 per 1.0 standard round lot
Deposit Fee
Withdrawal Fee
Inactivity Fee
NoNo
Get StartedGet Started

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

Account Types
FP Markets
Exness
Commission-free Accounts
Yes
Yes
Commission-based Accounts
Yes
Yes
Demo Accounts
Yes
Yes
Islamic Accounts
Yes
Yes
Social / Copy Trading
Yes
Yes
Managed Accounts
Yes
No

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

Deposit Snapshot
FP Markets
Exness
Minimum Deposit
$100
$0 (payment processor dependent)
Deposit Fees
Third-party (except for bank wires)
Third-party
e-wallets
Yes
Yes
Cryptocurrencies
Yes
Yes
Localized Methods
Yes
Yes
Total Deposit Methods
30
7+
Supported Deposit Currencies
45+
75+

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

Withdrawal Snapshot
FP Markets
Exness
Minimum Withdrawal
$0 (payment processor dependent)
$0 (payment processor dependent)
Internal Withdrawal Fees
Payment processor dependent (free options exist)
$0 (third-party processing fees may apply)
Internal Processing Times
Instant to two business days
Instant to 24 hours (without manual approval)

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, South AfricaCyprus, Kenya, Mauritius, Seychelles, United Kingdom, British Virgin Islands, South Africa, Curaçao
Name of the Regulator
ASIC, CySEC, FSCACBSC, CMA, CySEC, FCA, FSA, FSC Belize, FSC Mauritius, FSCA
Regulatory License Number
286354, 371/18, 50926SD025, 0003LSI, SIBA/L/20/1133, 51024, GB20025294, 178/12, 730729, 162
Get StartedGet Started

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

Pros
Cons
Choice of trading platforms and supportingtrading tools
Availability of Iress platform geographically restricted
Extremely competitive cost structure and excellent asset selection
Limited commodities and metals selection
Low minimum deposit requirement andleverage of up to 1:500
Well-regulated and trustworthy

Exness

Pros
Cons
Instant withdrawals from a trusted broker with numerous payment processors
No educational content for beginners
Elevated level of transparency and financial audits by Big Four accountancy firm Deloitte
Multi location-regulated broker with excellent order and volume statistics
Excellent 24/7 multi-lingual customer service

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.

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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.

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