11 minute read
Exness vs FP Markets: A Comprehensive Comparison for Traders
from Exness
by Exness_Blog
The world of forex and CFD trading is dynamic and competitive, with countless brokers vying for traders’ attention. Among the top contenders are Exness vs FP Markets, two well-established brokers known for their robust platforms, competitive fees, and diverse offerings. Choosing between Exness vs FP Markets can be challenging, as both cater to different trading styles and preferences. In this comprehensive guide, we’ll compare Exness vs FP Markets across key factors like regulation, trading platforms, fees, account types, and more to help you decide which broker suits your needs in 2025.
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Why Compare Exness vs FP Markets?
Exness vs FP Markets are globally recognized forex and CFD brokers, each with a strong reputation for reliability and innovation. Exness, founded in 2008 and headquartered in Cyprus, boasts a massive client base and a monthly trading volume exceeding $3.5 trillion. FP Markets, established in 2005 in Australia, is celebrated for its low-cost trading and access to over 10,000 instruments. Both brokers are regulated by top-tier authorities, making them trusted choices for traders worldwide.
This comparison is designed to help beginners, intermediate traders, and professionals understand the strengths and weaknesses of each broker. Whether you prioritize low spreads, advanced platforms, or diverse trading instruments, this article will guide you to the right choice.
1. Regulation and Safety
Exness: A Multi-Regulated Powerhouse
Exness operates under stringent regulatory oversight, ensuring client funds are secure. It is regulated by:
· Cyprus Securities and Exchange Commission (CySEC) – Tier-1
· Financial Conduct Authority (FCA) in the UK – Tier-1
· Financial Sector Conduct Authority (FSCA) in South Africa – Tier-2
· Financial Services Authority (FSA) in Seychelles – Tier-4
· Other jurisdictions like Mauritius, BVI, and Curaçao
Exness segregates client funds in separate accounts and uses SSL encryption to protect sensitive data. With over 1,100 staff in its Cyprus office and a member of the Financial Commission, Exness prioritizes transparency and dispute resolution. However, its Tier-1 licenses (FCA and CySEC) do not accept retail clients in some regions, which may limit access for certain traders.
FP Markets: Trusted by Tier-1 Regulators
FP Markets is equally reputable, regulated by:
· Australian Securities and Investments Commission (ASIC) – Tier-1
· Cyprus Securities and Exchange Commission (CySEC) – Tier-1
· Financial Sector Conduct Authority (FSCA) – Tier-2
· St. Vincent and the Grenadines Financial Services Authority (SVGFSA) – Tier-4
Like Exness, FP Markets segregates client funds and employs advanced encryption. Its ASIC regulation is particularly appealing to traders seeking strict oversight, as ASIC is known for its rigorous standards. FP Markets also offers negative balance protection, ensuring traders don’t lose more than their account balance.
Verdict: Both brokers are highly regulated, with Exness having a broader range of licenses across multiple jurisdictions. FP Markets’ ASIC regulation gives it a slight edge for traders prioritizing Tier-1 oversight. Choose Exness for global accessibility or FP Markets for ASIC’s robust framework.
2. Trading Platforms
Exness: Versatile and User-Friendly
Exness supports a variety of platforms to cater to different trading styles:
· MetaTrader 4 (MT4): The industry standard for forex trading, offering advanced charting and automated trading via Expert Advisors (EAs).
· MetaTrader 5 (MT5): An upgraded version with more timeframes, indicators, and support for additional asset classes.
· Exness Trade App: A proprietary mobile app for iOS and Android, ideal for trading on the go.
· Exness Terminal: A web-based platform with innovative features like drag-to-modify stop-loss and limit levels.
· MetaTrader WebTerminal: Browser-based trading with no software downloads.
Exness also integrates TradingView charts on its website, providing an alternative for market analysis. Its platforms are praised for fast execution and a seamless user experience, especially for algorithmic traders and scalpers.
FP Markets: A Broader Platform Suite
FP Markets offers an impressive range of platforms, giving traders more flexibility:
· MetaTrader 4 (MT4): Supports forex, commodities, and indices with robust charting tools.
· MetaTrader 5 (MT5): Offers enhanced features for multi-asset trading.
· cTrader: Known for its fast execution and ECN pricing, ideal for scalpers and high-volume traders.
· Iress: A proprietary platform for trading equities and CFDs, though availability is limited in some regions.
· TradingView: Recently integrated, offering advanced charting and social trading features.
FP Markets enhances MT4 and MT5 with a 12-plugin upgrade and tools like Autochartist for technical analysis. Its cTrader platform is a standout for traders seeking low-latency execution, while Iress appeals to equity traders in supported jurisdictions.
Verdict: FP Markets offers more platform options, including cTrader and Iress, making it ideal for traders seeking variety. Exness excels with its proprietary Exness Trade App and Terminal, which are user-friendly for beginners. Choose FP Markets for platform diversity or Exness for a streamlined experience.
3. Account Types
Exness: Flexible Options for All Levels
Exness provides five account types to suit various trading strategies:
· Standard Account: No commission, spreads from 0.2 pips, $1 minimum deposit.
· Standard Cent Account: Ideal for beginners, with micro-lot trading and spreads from 0.3 pips.
· Pro Account: Low spreads from 0.1 pips, suitable for experienced traders.
· Raw Spread Account: Spreads from 0.0 pips, $3.50 commission per lot per side.
· Zero Account: Near-zero spreads, $0.05 commission per lot per side.
Exness offers unlimited leverage (up to 1:2000) for deposits under $999, making it attractive for high-risk traders. Swap-free accounts are available for Islamic traders.
FP Markets: Streamlined Choices
FP Markets offers two main account types:
· Standard Account: No commission, spreads from 1.0 pips, $100 minimum deposit.
· Raw Account: Spreads from 0.0 pips, $6 commission per lot round turn.
FP Markets provides leverage up to 1:500, which is lower than Exness but sufficient for most traders. It also offers swap-free accounts and supports MAM/PAMM modules for account management.
Verdict: Exness wins for its diverse account types, especially the Standard Cent Account for beginners and high-leverage options. FP Markets is better for traders who prefer simpler account structures with competitive ECN pricing. Choose Exness for flexibility or FP Markets for cost-effective raw spreads.
4. Fees and Spreads
Exness: Ultra-Low Trading Costs
Exness is renowned for its competitive fee structure:
· Standard Account: Spreads start at 0.2 pips, no commission.
· Raw Spread Account: Spreads from 0.0 pips, $3.50 commission per lot per side.
· Zero Account: Near-zero spreads, $0.05 commission per lot per side.
Exness offers no deposit or withdrawal fees, and its spreads are among the tightest in the industry, especially for major forex pairs like EUR/USD. Its low-cost structure makes it ideal for scalpers and high-volume traders.
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FP Markets: Cost-Effective ECN Pricing
FP Markets is also a low-cost broker:
· Standard Account: Spreads from 1.0 pips, no commission.
· Raw Account: Spreads from 0.0 pips, $6 commission per lot round turn.
FP Markets’ Raw Account is particularly competitive, with spreads as low as 0.0 pips for major pairs. However, its commission is slightly higher than Exness’ Zero Account. FP Markets supports multiple payment methods with minimal fees, though some withdrawal methods may incur charges.
Verdict: Exness has a slight edge with lower commissions on its Zero Account and no deposit/withdrawal fees. FP Markets is competitive for raw spread trading but has higher commissions. Choose Exness for the lowest overall costs or FP Markets for ECN pricing.
5. Trading Instruments
Exness: Diverse but Focused
Exness offers a range of instruments, including:
· Forex: Over 100 currency pairs, including majors, minors, and exotics.
· Metals: Gold, silver, and other precious metals.
· Cryptocurrencies: CFDs on Bitcoin, Ethereum, and more.
· Commodities: Oil, natural gas, and agricultural products.
· Indices and Stocks: CFDs on major indices and select stocks.
While Exness’ product range is narrower (a few hundred CFDs), it excels in forex and crypto trading, with competitive spreads and high leverage.
FP Markets: Extensive Asset Selection
FP Markets boasts over 10,000 tradable instruments:
· Forex: 71 currency pairs, including majors and exotics.
· Indices: Global indices like S&P 500, FTSE 100, and Nikkei 225.
· Commodities: Gold, silver, oil, and agricultural products.
· Cryptocurrencies: CFDs on major cryptocurrencies.
· Stocks and ETFs: Access to global equities (via Iress in supported regions).
· Bonds: Unique for diversification.
FP Markets’ extensive range makes it ideal for traders looking to diversify across multiple asset classes.
Verdict: FP Markets wins for its vast instrument selection, especially for equity and ETF trading. Exness is better for forex and crypto traders seeking tight spreads. Choose FP Markets for diversification or Exness for focused forex trading.
6. Social and Copy Trading
Exness: Streamlined CopyTrade
Exness’ CopyTrade platform allows users to follow and copy trades from experienced traders. Key features include:
· Curated selection of strategies based on performance and risk.
· Demo account for practice.
· Modern, user-friendly interface.
CopyTrade is ideal for beginners, offering a streamlined experience with transparent performance metrics.
FP Markets: Robust Myfxbook Autotrade
FP Markets supports social trading via Myfxbook Autotrade, which offers:
· A large pool of signal providers and strategies.
· Detailed performance analytics.
· Custom strategies and backtesting.
While Myfxbook Autotrade provides more options, its interface is slightly cluttered compared to Exness’ CopyTrade.
Verdict: Exness’ CopyTrade is better for beginners due to its simplicity and demo account. FP Markets’ Myfxbook Autotrade suits experienced traders seeking advanced analytics. Choose Exness for ease of use or FP Markets for strategy variety.
7. Customer Support
Exness: 24/7 Multilingual Support
Exness offers 24/7 customer support via:
· Live chat
· Phone
· Social media (limited)
Support is available in multiple languages, including English, Chinese, Arabic, and more. Exness is praised for its fast response times and dedicated account managers for premium clients.
FP Markets: Responsive 24/5 Support
FP Markets provides 24/5 support through:
· Live chat
· Phone
· Social media channels
Its support team is responsive, with a reputation for resolving issues quickly. However, it lacks 24/7 availability, which may be a drawback for weekend traders.
Verdict: Exness has the edge with 24/7 support, ideal for global traders. FP Markets offers robust 24/5 support but falls short during weekends. Choose Exness for round-the-clock assistance.
8. Education and Tools
Exness: Limited but Growing
Exness provides basic educational resources, including:
· Articles and tutorials
· Webinars
· Market analysis
Its focus is on trading tools like VPS hosting for algorithmic traders and TradingView integration. However, its educational content is less comprehensive than competitors.
FP Markets: Comprehensive Learning Hub
FP Markets excels in education with:
· Webinars and video tutorials
· E-books and trading guides
· Autochartist and Trading Central tools
· Market analysis and news
Its educational content is tailored for beginners and advanced traders, making it a standout feature.
Verdict: FP Markets is the clear winner for education and tools, offering a wealth of resources. Exness is better for traders who prioritize trading infrastructure over learning materials. Choose FP Markets for learning or Exness for tools like VPS.
Final Verdict: Exness vs FP Markets
Both Exness vs FP Markets are exceptional brokers, but they cater to different trader profiles:
· Choose Exness if you’re a forex or crypto trader seeking ultra-low spreads, high leverage (up to 1:2000), and a user-friendly proprietary app. Its diverse account types, 24/7 support, and low-cost structure make it ideal for scalpers, beginners, and high-volume traders.
· Choose FP Markets if you value platform variety (cTrader, Iress), extensive trading instruments (10,000+), and comprehensive educational resources. Its ASIC regulation and competitive ECN pricing appeal to traders prioritizing diversification and advanced tools.
Ultimately, the best broker depends on your trading goals. If you’re focused on forex with minimal costs, Exness is the way to go. For a broader trading experience with robust education, FP Markets is the better choice.
FAQs
1. Which broker has lower fees: Exness or FP Markets?Exness generally offers lower commissions (e.g., $0.05/lot on Zero Account) compared to FP Markets’ $6/lot on Raw Accounts. However, FP Markets’ raw spreads are highly competitive.
2. Can I trade cryptocurrencies with Exness and FP Markets?Yes, both brokers offer crypto CFDs, but Exness has a stronger focus on cryptocurrencies with tighter spreads.
3. Is Exness or FP Markets better for beginners?Exness is more beginner-friendly due to its $1 minimum deposit, Standard Cent Account, and simple CopyTrade platform. FP Markets suits beginners with its educational resources but requires a $100 minimum deposit.
4. Are Exness and FP Markets regulated?Yes, both are regulated by top-tier authorities like CySEC and ASIC, ensuring fund safety and transparency.
5. Which broker offers more trading platforms?FP Markets offers more platforms (MT4, MT5, cTrader, Iress, TradingView) compared to Exness (MT4, MT5, Exness Trade App, Exness Terminal).
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