10 minute read
Exness vs Forex.com: A Comprehensive Comparison for Traders
from Exness
by Exness_Blog
The world of forex trading is dynamic and competitive, and choosing the right broker can make or break your trading experience. Two industry giants, Exness vs Forex.com, consistently rank among the top choices for traders worldwide. But which one is better suited to your needs? In this comprehensive comparison, we’ll dive deep into the key differences between Exness vs Forex.com, covering regulation, trading platforms, fees, account types, leverage, trading instruments, and more. By the end, you’ll have a clear understanding of which broker aligns with your trading goals.
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Why Compare Exness and Forex.com?
Both Exness vs Forex.com are well-established forex brokers with strong reputations, but they cater to slightly different audiences. Exness is known for its ultra-low spreads, high leverage, and cutting-edge trading infrastructure, making it a favorite among high-frequency traders and scalpers. Forex.com, on the other hand, offers a robust platform with advanced tools like Capitalise AI and a wide range of educational resources, appealing to both beginners and seasoned traders.
This article is designed to help you weigh the pros and cons of each broker, whether you’re a novice looking for a user-friendly platform or an experienced trader seeking low-cost trading conditions. Let’s break it down step by step.
1. Regulation and Trustworthiness
Exness: Global Reach with Offshore Entities
Exness, founded in 2008, has grown into one of the largest forex brokers globally, boasting a trading volume of over $2.2 trillion. It is regulated by multiple authorities, including:
· CySEC (Cyprus Securities and Exchange Commission)
· FCA (Financial Conduct Authority, UK)
· FSA (Seychelles)
· FSCA (South Africa)
· CMA (Kenya), among others.
However, a notable drawback is that Exness doesn’t accept retail clients under its more regulated entities in the UK and Cyprus, directing them instead to offshore entities in places like Seychelles or the Caribbean. While these offshore regulators are legitimate, they offer less stringent oversight compared to Tier-1 regulators like the FCA or ASIC. Exness compensates with strong security measures, such as negative balance protection and an investor compensation fund of up to €20,000 via the Hong Kong-based Financial Commission.
Forex.com: Robust Regulatory Framework
Forex.com, established in 2001 as part of GAIN Capital, is regulated by some of the most respected authorities in the industry:
· CFTC and NFA (USA)
· FCA (UK)
· ASIC (Australia)
· MAS (Singapore)
· CIRO (Canada)
This extensive regulatory coverage makes Forex.com a top choice for traders prioritizing safety, particularly in the US, where regulations are stringent. Forex.com also segregates client funds and offers negative balance protection, ensuring a high level of trust and security.
Verdict
Both brokers are trustworthy, but Forex.com has an edge for traders in highly regulated jurisdictions like the US, while Exness is better suited for non-US traders seeking flexibility in less tightly regulated environments.
2. Trading Platforms
Exness: MetaTrader and Proprietary Solutions
Exness offers a robust suite of trading platforms, catering to both beginners and advanced traders:
· MetaTrader 4 (MT4): The industry standard, known for its reliability, customizable charts, and support for Expert Advisors (EAs).
· MetaTrader 5 (MT5): An advanced platform with additional features like Depth of Market (DOM), more technical indicators, and multi-asset trading.
· Exness Terminal: A proprietary web-based platform with a minimalist design, one-click trading, and quick order management.
· Exness Trade App: A powerful mobile app for iOS and Android, featuring market news, price alerts, and trading signals.
Exness also supports social trading, allowing users to copy strategies from experienced traders, though the minimum deposit for copy trading ($500) may be a barrier for some.
Forex.com: Diverse and Innovative Platforms
Forex.com provides a variety of platforms to suit different trading styles:
· MetaTrader 4 (MT4): Available with a 30-day limit, offering a familiar interface for forex traders.
· Forex.com Web Trading: A proprietary platform with advanced charting tools and fast execution.
· FOREXTrader PRO: A downloadable platform for advanced traders (30-day limit).
· Capitalise AI: A standout feature that allows code-free algorithmic trading, ideal for automating strategies without programming knowledge.
Forex.com’s platforms are known for their execution speed, with 99.69% of trades executed in under one second and an average execution speed of 0.03 seconds.
Verdict
Exness wins for its broader range of platforms, including MT5 and a user-friendly proprietary app, while Forex.com shines with innovative tools like Capitalise AI, which is perfect for traders interested in automation.
3. Fees and Spreads
Exness: Ultra-Low Spreads for Active Traders
Exness is renowned for its competitive fee structure, particularly on its Raw Spread and Zero accounts, where spreads can start at 0.0 pips with a commission per lot. On its Standard account, spreads average around 1.0–2.2 pips for major pairs like EUR/USD and GBP/USD. Key highlights include:
· No internal withdrawal fees.
· Swap-free trading on major forex pairs, gold, crypto, and indices.
· Fast, automated withdrawals with no manual approval for verified traders.
Exness’s low-cost structure makes it ideal for scalpers and high-volume traders.
Forex.com: Competitive but Commission-Based
Forex.com offers variable spreads, with averages of 0.73 pips on major pairs after price improvement. Its Raw Spread account features spreads as low as 0.0 pips but includes a commission. The broker also provides a six-tier volume-based rebate program, offering up to $50 per $1M traded, which benefits active traders. However, withdrawal times can be slower compared to Exness, and some users report delays.
Verdict
Exness takes the lead for its ultra-low spreads and commission-free options on standard accounts, while Forex.com is better for traders who can leverage its rebate program to offset costs.
4. Account Types
Exness: Flexible Options for All Levels
Exness offers a variety of account types to suit different trading styles:
· Standard Account: No minimum deposit, ideal for beginners, with spreads starting at 0.3 pips.
· Standard Cent Account: Designed for micro-trading, but limited to forex and metals.
· Raw Spread Account: Low spreads with a fixed commission, perfect for scalpers.
· Zero Account: Zero spreads on select instruments with a commission.
· Pro Account: Offers instant and market execution, catering to professional traders.
Exness’s lack of a minimum deposit on standard accounts makes it highly accessible.
Forex.com: Tailored for Diverse Needs
Forex.com provides three main account types:
· Standard Account: No minimum deposit, with competitive spreads.
· Commission Account: Low spreads with a commission, suited for high-volume traders.
· STP Pro Account: Designed for institutional-grade trading with direct market access.
Forex.com’s accounts are flexible, but the 30-day limit on MT4 access for some platforms can be restrictive.
Verdict
Exness offers more account variety and no minimum deposit, making it more accessible, while Forex.com caters well to professional traders with its STP Pro account.
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5. Leverage
Exness: High Leverage for Risk-Takers
Exness is known for offering some of the highest leverage in the industry, up to 1:Unlimited in certain regions, though this varies by jurisdiction (e.g., 1:2000 in some countries). High leverage amplifies both profits and risks, so it’s best suited for experienced traders with strong risk management strategies.
Forex.com: Conservative Leverage
Forex.com offers leverage up to 1:50 in the US (due to regulatory restrictions) and up to 1:200 in other regions. While this is lower than Exness, it aligns with safer trading practices and is sufficient for most retail traders.
Verdict
Exness is the go-to for traders seeking high leverage, while Forex.com is better for those prioritizing regulatory compliance and lower risk.
6. Trading Instruments
Exness: Diverse but Limited Range
Exness offers over 200 tradable instruments, including:
· Forex: Over 100 currency pairs, including majors, minors, and exotics.
· Metals: Gold, silver, palladium, and platinum.
· Cryptocurrencies: Bitcoin, Ethereum, Litecoin, and more (available 24/7).
· Stocks and Indices: CFDs on major companies like Google, Amazon, and indices like the S&P 500.
· Commodities: Crude oil, natural gas, and more.
However, its range is narrower compared to some competitors, particularly in stocks and ETFs.
Forex.com: Broader Asset Selection
Forex.com supports trading in:
· Forex: Over 80 currency pairs.
· CFDs: Stocks, indices, and commodities.
· Cryptocurrencies: Bitcoin, Ethereum, and others.
· Metals: Gold and silver.
Forex.com’s broader selection, particularly in CFDs, makes it more versatile for traders looking to diversify.
Verdict
Forex.com edges out slightly with its wider range of CFDs, while Exness is strong in forex and crypto trading.
7. Education and Support
Exness: Solid but Promotional
Exness provides educational resources like webinars, tutorials, and articles, catering to traders of all levels. It also offers live trading sessions and Trading Central for market analysis. However, some educational content is promotional, which may detract from its value. Customer support is available 24/7 via live chat, email, and phone, with positive reviews for responsiveness.
Forex.com: Comprehensive Learning Hub
Forex.com excels in education, offering a wealth of resources, including:
· Video tutorials and webinars.
· Market analysis from in-house experts.
· Trading guides for beginners and advanced traders.
Its customer support is also available 24/5, with multilingual options and a reputation for professionalism.
Verdict
Forex.com stands out for its comprehensive and high-quality educational offerings, while Exness is solid but could improve by reducing promotional content.
8. Deposits and Withdrawals
Exness: Instant and Fee-Free
Exness is a leader in withdrawal speed, offering instant withdrawals with no internal fees for verified traders. It supports a wide range of payment methods, including bank transfers, credit/debit cards, e-wallets, and cryptocurrencies. The low minimum deposit (as little as $10 in some regions) makes it accessible to all.
Forex.com: Reliable but Slower
Forex.com supports multiple payment methods, including bank wires, cards, and e-wallets like Skrill. However, withdrawals can take longer (up to several days), and some users report inconsistent processing times. There are no internal withdrawal fees, but third-party fees may apply.
Verdict
Exness is the clear winner for its instant, fee-free withdrawals and low minimum deposit.
Pros and Cons Summary
Exness
Pros:
· Ultra-low spreads and no withdrawal fees.
· High leverage (up to 1:Unlimited).
· Instant withdrawals and 24/7 support.
· Wide range of platforms, including MT5 and Exness Terminal.
Cons:
· Offshore regulation for retail clients.
· Limited range of tradable instruments.
· Some educational content is promotional.
Forex.com
Pros:
· Strong regulation in Tier-1 jurisdictions.
· Innovative tools like Capitalise AI.
· Comprehensive educational resources.
· Competitive spreads with a rebate program.
Cons:
· Slower withdrawal times.
· Lower leverage in regulated regions.
· Limited MT4 access (30-day trial).
Which Broker Should You Choose?
The choice between Exness vs Forex.com depends on your trading priorities:
· Choose Exness if you’re a high-frequency trader, scalper, or non-US trader seeking low spreads, high leverage, and instant withdrawals. Its flexible account types and proprietary platforms make it ideal for those who value speed and cost-efficiency.
· Choose Forex.com if you’re a US-based trader or prioritize strong regulation, advanced tools like Capitalise AI, and comprehensive education. It’s also better for traders looking to diversify into CFDs and other asset classes.
Both brokers are excellent, but your decision should align with your experience level, trading style, and regional regulations. Always test a broker with a demo account before committing real funds.
Conclusion
Exness vs Forex.com are both industry leaders, but they cater to different needs. Exness excels in low-cost trading, high leverage, and fast withdrawals, making it a top choice for experienced traders outside the US. Forex.com, with its robust regulation, innovative tools, and extensive educational resources, is ideal for beginners and those in highly regulated markets. By understanding your goals—whether it’s minimizing costs, accessing advanced tools, or ensuring safety—you can confidently choose the broker that best suits your forex trading journey.
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