Today’s comparison focuses on FxPro versus Exness. Both FxPro and Exness are industry giants with a longstanding history. Traders who have been in the market for a long time may have found themselves choosing between Exness and FxPro. In today’s comparison of Exness vs FxPro we’ll take a look at all the aspects that matters.
When comparing two brokers, certain factors should be considered. For reliability, it’s essential to examine client protective measures such as negative balance protection or segregated accounts along with regulations. Financial aspects like spreads, leverage, and commissions are also important.
Other relevant aspects include affiliate programs, customer support, educational resources and more. In this comparison of Exness vs. FxPro, we will dive into these and more to determine the winner of this FxPro vs. Exness comparison.
Which is More Reliable? FxPro vs Exness
Regulations are must if you are looking for a reliable forex broker. Let’s see how Fxpro stands out compared Exness in terms of regulations.
- Exness is regulated by several reputable authorities, including CySEC, FSA, CBCS, FSC, FSCA, CMA, and FCA.
- FxPro is regulated by FCA, CySEC, SCB, and FSB.
Don’t be deceived by the quantity when it comes to regulations; there are many unreliable regulatory authorities. However, in the case of FxPro vs. Exness, both have respected regulatory authorities overseeing them.
Regulated brokers are required to comply with specific sets of standards and ethical guidelines. This way, your funds will be safe from fraudulent activities and handled responsibly.
One of the most important things that come with regulatory compliances is Segregated Accounts. Regulations often mandate brokers to keep client funds in segregated accounts. This separation prevents the broker from using client funds for its operational expenses, offering an additional layer of protection. Both Exness and FxPro comply to segregated accounts policy. FxPro goes one step ahead by working with two of the most reputable banks: Barclays and the Royal Bank of Scotland.
Regulatory authorities set minimum capital requirements for brokers. This ensures that brokers have sufficient financial resources to cover their obligations and operate in a stable manner.
FxPro’s company capital is €100,000,000; I don’t know Exness’ company capital, but they have an amazing trading volume of monthly 4.5 trillion, so I don’t think it is an issue at this point. However, FxPro gets a point for transparency.
Regulations may impose restrictions on leverage, and you might not get the leverage you want from an FCA. But there is a backdoor for this, which is VPS. With VPS, you can trade with fewer restrictive restrictions and make use of high leverage.
Exness VPS is available if you meet certain criteria. Don’t forget to check my Exness review to find out the specific criteria and how to connect to Exness VPS. FxPro also offers VPS for $30 a month.
Regulations are most importantly important for dispute resolution. Regulatory bodies often offer mechanisms for dispute resolution between traders and brokers. This can provide legal recourse for traders in case of conflicts or issues with their brokers. Whether it’s FxPro or Exness, know that you have an extra advocate in any problematic situation.
FxPro vs Exness: Account Types
Both Exness and FxPro offer various account types for better trading experiences. If you are looking for a swap-free broker, both FxPro and Exness have options that comply with Sharia laws.
Exness charges $0.2 per lot in commissions, while FxPro stands at $3.50 per lot. Both are very efficient, but Exness takes the lead in this regard. FxPro also offers zero spread and raw spread accounts, providing more efficient trading for us, the clients.
In terms of leverage, even though FxPro is a globally recognized broker, they adhere to FCA compliance and do not offer high leverage options. Exness, on the other hand, offers unlimited leverage through its satellite companies. Exness wins this round of Exness vs. FxPro.
FxPro vs Exness: Trading Platforms
MT4 and MT5 are the most used trading platforms, and for good reason. Both Exness and FxPro utilize these platforms in the most complex way possible. FxPro’s MT4 has various account types, and FxPro also offers account types for MT5 and the web platform. The same goes for Exness as well; Exness offers MT4 and MT5 platforms.
The minimum deposit also varies in different account types. Exness offers more flexibility in terms of minimum deposit requirements. FxPro’s $100 minimum deposit loses to Exness since $100 is quite a lot for some global traders. You can also check my list of the best low minimum deposit forex brokers to find out about other alternatives.
Last Words Which is Better? Exness or FxPro
Both Exness and FxPro are regulated brokers, complying with strong regulations. They have a long history in the forex market, and both boast an exceptional daily trading volume. The difference comes down to your preferences and trading strategies.
FxPro’s commissions are more preferable if you are trading large volumes, like more than $1 million. I’d choose FxPro because they offer more favorable conditions for trading with large volumes. However, if I were a regular trader with considerably low volumes, I’d go for Exness in terms of trading conditions, as Exness offers better conditions in terms of commissions.
Another aspect that I take into consideration is the minimum deposit. I didn’t start trading forex with millions of dollars, and there is nothing wrong with starting low. Exness is better if you look at the minimum deposit requirements. I’d go for Exness if I were just starting forex trading.
Both offer great educational resources and amazing customer support if you encounter any problems along the way. Leverage is another factor. Leverage is what makes forex special for me; being able to trade with high leverage is both a huge plus and a downside. Leverage is a double-edged sword, and you have to know what you are doing.
Both FxPro and Exness are great brokers, and it all comes down to your preferences. As a beginner, you might want to go for FxPro if you are looking for a safe haven or opt for Exness for a more cost-effective approach. Benefiting from leverage to multiply your profits, and also a low minimum deposit option makes Exness a favorable choice in terms of being cost-effective.
I’ve written comprehensive reviews on both brokers. You can find useful step-by-step guides on how to open an FxPro account, minimum deposits, Exness leverages, and anything else you can think of. Additionally, you can find my step-by-step guides on how to open an FxPro account or valuable insights like available countries to open an Exness account.
FxPro vs Exness: FAQs
FxPro is regulated by FCA, CySEC, DFSA, and SCB. On the other hand, Exness is regulated by CySEC, FSA, CBCS, FSC, FSCA, CMA, and FCA. These regulators are highly authoritative and demand strict financial standards, along with a range of regulatory protections for traders.
Exness charges $0.2 per lot in commissions, while FxPro charges variable commissions, after a calculation it stands at approximately $3.50 per lot.
FxPro provides MetaTrader 4, MetaTrader 5, cTrader, while Exness offers Exness Trade, Exness Terminal, MetaTrader 4, MetaTrader 5, MultiTerminal, and WebTerminal, providing a diverse range of platforms for traders.
FxPro operates with a no dealing desk (NDD) intervention policy. Both brokers implement negative balance protection and stop-loss orders for safer trades.