11 minute read
Exness vs FXGT: A Comprehensive Comparison for Traders
from Exness
by Exness_Blog
Choosing the right forex broker is a critical decision for traders, whether you're a beginner dipping your toes into the financial markets or a seasoned professional seeking optimal trading conditions. Exness vs FXGT are two prominent names in the forex and CFD trading space, each offering unique features, competitive spreads, and diverse trading instruments. But which broker is the better fit for your trading style and goals? In this in-depth comparison, we’ll explore Exness and FXGT across key factors like regulation, account types, trading platforms, fees, leverage, and more to help you make an informed choice in 2025.
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Overview of Exness and FXGT
Before diving into the nitty-gritty, let’s get a snapshot of both brokers.
Exness: A Global Powerhouse
Founded in 2008, Exness has grown into one of the largest forex brokers worldwide, boasting over 300,000 active clients and a staggering monthly trading volume exceeding $2 trillion. Headquartered in Seychelles, Exness is regulated by multiple authorities, including the Financial Services Authority (FSA) of Seychelles, the Cyprus Securities and Exchange Commission (CySEC), and the Financial Sector Conduct Authority (FSCA) in South Africa. Known for its ultra-tight spreads, instant withdrawals, and flexible leverage options, Exness caters to traders of all experience levels, particularly high-frequency traders and scalpers.
FXGT: A Crypto-Focused Contender
Established in 2019, FXGT is a newer player but has quickly gained traction, especially among cryptocurrency traders. Based in Seychelles and regulated by the FSA Seychelles and FSCA, FXGT operates as a Straight Through Processing (STP) broker, ensuring fast order execution and transparent pricing. With a focus on crypto CFDs, generous bonuses, and a user-friendly interface, FXGT appeals to traders looking to diversify into digital assets.
Both brokers have carved out distinct niches, but how do they stack up in a head-to-head comparison? Let’s break it down.
Regulation and Safety
Trust is paramount when choosing a broker. Both Exness vs FXGT operate under regulatory oversight, but their frameworks differ slightly.
Exness Regulation
Exness is regulated by multiple reputable authorities, ensuring client funds are segregated and protected. Its licenses include:
Financial Services Authority (FSA), Seychelles: Primary regulator for global operations.
Cyprus Securities and Exchange Commission (CySEC): For European clients, offering robust investor protections.
Financial Sector Conduct Authority (FSCA), South Africa: Enhances credibility for African traders.
Other jurisdictions: Exness holds licenses in the UK (FCA) and other regions, reinforcing its global trustworthiness.
Exness also offers negative balance protection and is audited by Deloitte, adding an extra layer of transparency. However, South African traders are onboarded through the Seychelles entity, which may limit dispute resolution options.
FXGT Regulation
FXGT operates under:
Financial Services Authority (FSA), Seychelles: License No. SD019 under GT Global Ltd.
Financial Sector Conduct Authority (FSCA), South Africa: License No. 48896.
Vanuatu Financial Services Commission (VFSC): For additional oversight.
While FXGT’s licenses are from emerging markets, they include basic protections like minimum capital requirements and anti-money laundering (AML) policies. However, oversight is less stringent compared to top-tier regulators like the FCA or CySEC. Traders should exercise caution and verify safety measures, as FXGT’s regulatory framework is less comprehensive than Exness’s.
Verdict: Exness has a slight edge due to its broader regulatory scope and universal negative balance protection. FXGT is reliable but may pose higher risks for traders prioritizing stringent oversight.
Account Types
Both brokers offer a variety of account types to suit different trading styles, from beginners to professionals.
Exness Account Types
Exness provides a range of accounts, including:
Standard Account: Ideal for beginners, with no minimum deposit and variable spreads starting from 0.3 pips.
Standard Cent Account: Designed for micro-trading, allowing small lot sizes for risk-averse traders.
Pro Account: Geared toward experienced traders, offering tighter spreads (from 0.1 pips) and no commission on most instruments.
Zero Account: Features zero spreads on major instruments but charges a commission (from $0.4 per lot).
Raw Spread Account: Offers raw spreads (from 0.0 pips) with a fixed commission of $7 per lot.
Exness’s account diversity ensures flexibility for scalpers, day traders, and long-term investors.
FXGT Account Types
FXGT offers several account types, including:
Standard+ Account: Beginner-friendly, with no commission and spreads starting from 0.5 pips.
Mini Account: Suitable for small-scale trading, with a low minimum deposit and access to micro-lots.
ECN Zero Account: Designed for professionals, offering raw spreads (from 0.0 pips) and a $6 per lot commission.
Pro Account: Features tighter spreads and no commission, ideal for high-frequency traders.
Crypto Max Account: Tailored for crypto CFD trading, with high leverage and competitive spreads.
FXGT’s accounts cater to crypto enthusiasts and traders seeking promotional bonuses, such as a 15,000 JPY welcome bonus.
Verdict: Exness offers more account variety, especially for traditional forex trading, while FXGT’s accounts are tailored for crypto traders and those seeking bonuses. Your choice depends on whether you prioritize flexibility or crypto-focused features.
Trading Platforms
The trading platform is the backbone of your trading experience. Both brokers support industry-standard platforms but offer unique tools.
Exness Trading Platforms
Exness supports:
MetaTrader 4 (MT4) and MetaTrader 5 (MT5): Industry-standard platforms with robust charting, automated trading via Expert Advisors (EAs), and mobile compatibility.
Exness Trade App: A mobile app with market news, trading signals, price alerts, and margin call notifications.
Exness Terminal: A web-based platform for beginners, featuring integrated 24/7 support.
Social Trading: Allows users to copy strategies from experienced traders.
Exness emphasizes speed and reliability, with minimal latency and fast execution, making it ideal for scalpers.
FXGT Trading Platforms
FXGT offers:
MetaTrader 5 (MT5): Supports one-click trading, trailing stops, and pending orders, with advanced charting tools.
FXGT Trader: A web-based platform for trading on the go, no download required.
FXGT App: A mobile app with comprehensive features and a user-friendly interface.
FXGT’s focus on MT5 and its proprietary platforms ensures a modern trading experience, particularly for crypto CFDs. However, it lacks MT4, which may disappoint traders accustomed to the platform.
Verdict: Exness provides more platform options, including MT4 and social trading, while FXGT’s MT5 and mobile-focused platforms are streamlined but less versatile.
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Spreads and Fees
Trading costs significantly impact profitability. Let’s compare spreads and fees for both brokers.
Exness Spreads and Fees
Exness is renowned for its ultra-tight spreads, particularly on its Pro, Zero, and Raw Spread accounts. For example:
Standard Account: Spreads start at 0.3 pips, no commission.
Pro Account: Spreads from 0.1 pips, no commission on most instruments.
Zero Account: Zero spreads on major pairs, with commissions from $0.4 per lot.
Raw Spread Account: Spreads from 0.0 pips, with a fixed $7 per lot commission.
Exness’s transaction costs for volatile instruments like GBP/JPY and gold (XAU/USD) are competitive, especially on the Raw Spread account. Additionally, Exness offers instant withdrawals, a major advantage for traders needing quick access to funds.
FXGT Spreads and Fees
FXGT’s spreads vary by account type:
Standard+ Account: Spreads from 0.5 pips, no commission.
Mini Account: Higher spreads (around 1.0 pips), no commission.
ECN Zero Account: Raw spreads from 0.0 pips, with a $6 per lot commission.
Pro Account: Tight spreads, no commission.
Crypto Max Account: Competitive spreads for crypto CFDs, no commission.
FXGT excels in crypto CFDs, offering tight spreads (e.g., 0.1 pips on BTC/USD) and high leverage (up to 1:1000). However, spreads on forex pairs like USD/JPY and EUR/USD are slightly wider than Exness’s for non-ECN accounts.
Verdict: Exness generally offers tighter spreads and lower overall costs, especially for forex and gold trading. FXGT is more competitive for crypto CFDs but may incur higher costs for forex traders.
Leverage
Leverage can amplify both profits and risks, so it’s a key consideration.
Exness Leverage
Exness offers flexible leverage, with some accounts providing unlimited leverage on major forex pairs and gold. Other instruments have caps:
Cryptocurrencies: Up to 1:400.
Stock Indices: Up to 1:400.
Energies: Up to 1:200.
Stocks: Up to 1:20.
Exness’s low margin call (0%) and stop-out levels (0%) allow traders to maximize capital usage, but this comes with significant risk.
FXGT Leverage
FXGT provides high leverage across its accounts:
Forex, Gold, and Crypto: Up to 1:1000.
Stock Indices and Energies: Up to 1:100.
Stocks: Up to 1:50.
FXGT’s margin call levels vary (20% or 40% depending on the account), which is higher than Exness’s 0%, potentially leading to earlier position closures.
Verdict: Exness’s unlimited leverage and 0% stop-out level offer greater flexibility for risk-tolerant traders. FXGT’s high leverage is attractive, especially for crypto, but its higher stop-out levels may limit trading freedom.
Trading Instruments
Diversifying your portfolio is easier with a broad range of instruments.
Exness Trading Instruments
Exness offers a wide variety of assets, including:
Forex: Over 100 currency pairs.
Commodities: Gold, silver, oil, and other energies.
Cryptocurrencies: Major coins like Bitcoin and Ethereum.
Stocks and Indices: Global stocks and major indices.
Metals and Energies: Competitive spreads on XAU/USD and oil.
Exness’s extensive portfolio suits traders looking to explore multiple markets.
FXGT Trading Instruments
FXGT focuses heavily on cryptocurrencies but also supports:
Forex: Major and minor currency pairs.
Cryptocurrencies: Extensive range, including BTC/USD and ETH/USD.
Stocks: Global stocks from major exchanges.
Indices and Metals: Limited compared to Exness.
FXGT’s GTI12 Index, a unique CFD instrument tracking 12 major cryptocurrencies, is a standout feature for crypto traders.
Verdict: Exness offers a broader range of instruments, making it ideal for diversified trading. FXGT shines for crypto enthusiasts with its specialized offerings.
Bonuses and Promotions
Bonuses can enhance your trading capital, but terms and conditions apply.
Exness Bonuses
Exness rarely offers promotional bonuses, focusing instead on competitive trading conditions and transparency. This may disappoint traders seeking extra incentives but ensures straightforward terms.
FXGT Bonuses
FXGT is known for generous bonuses, such as:
Welcome Bonus: Up to 15,000 JPY for new clients.
Deposit Bonuses: Periodic promotions to boost trading capital.
Loyalty Programs: Rewards for active traders.
These bonuses come with conditions, such as trading volume requirements, so read the fine print.
Verdict: FXGT is the clear winner for traders seeking bonuses, while Exness prioritizes low-cost trading over promotional offers.
Customer Support
Reliable support is crucial for resolving issues quickly.
Exness Customer Support
Exness offers 24/7 support via:
Live Chat: Fast and responsive.
Email and Phone: Available in multiple languages.
In-App Support: Integrated into the Exness Terminal and Trade App.
Exness’s multilingual support and instant responses make it a standout.
FXGT Customer Support
FXGT provides:
Live Chat: Available 24/5.
Email Support: Responsive but slower than live chat.
FAQ Section: Comprehensive for common queries.
FXGT’s support is solid but less accessible than Exness’s 24/7 options.
Verdict: Exness edges out FXGT with its round-the-clock, multilingual support.
Deposits and Withdrawals
Fast and flexible funding options are essential for traders.
Exness Deposits and Withdrawals
Exness is renowned for its instant withdrawals, supporting:
Bank Cards: Visa, Mastercard, etc.
E-Wallets: Skrill, Neteller, and more.
Cryptocurrencies: Bitcoin, USDT, etc.
Bank Transfers: Available in multiple regions.
There are no deposit or withdrawal fees, and processing is typically instant or within hours.
FXGT Deposits and Withdrawals
FXGT supports:
Bank Cards: Visa, Mastercard, with minimum withdrawals (e.g., 50 EUR/USD).
Cryptocurrencies: Bitcoin, Ethereum, and more, with fast processing.
E-Wallets: Limited compared to Exness.
Bank Transfers: Available but slower.
FXGT’s crypto payment support is a plus, but withdrawal times can vary depending on the method.
Verdict: Exness offers faster, fee-free withdrawals and more payment options, making it the better choice for seamless funding.
Educational Resources
Beginners benefit from robust educational tools.
Exness Education
Exness provides:
Webinars and Tutorials: Covering forex basics and advanced strategies.
Market Analysis: Daily insights and trading signals.
Demo Accounts: Unlimited practice accounts on MT4/MT5.
These resources are ideal for novice and intermediate traders.
FXGT Education
FXGT offers:
Trading Guides: Focused on forex and crypto trading.
Webinars: Less frequent than Exness.
Demo Accounts: Available on MT5.
FXGT’s resources are solid but less comprehensive than Exness’s.
Verdict: Exness provides more extensive educational tools, making it better for beginners.
Which Broker Should You Choose?
Choosing between Exness and FXGT depends on your trading priorities:
Choose Exness if:
You value stringent regulation and negative balance protection.
You want ultra-tight spreads and low-cost trading.
You need a wide range of account types and platforms, including MT4.
You prioritize instant withdrawals and 24/7 support.
You trade a diverse portfolio of forex, commodities, and indices.
Choose FXGT if:
You focus on cryptocurrency CFDs with high leverage (up to 1:1000).
You want generous bonuses to boost your trading capital.
You prefer a modern, crypto-friendly platform like MT5.
You’re comfortable with less stringent regulation for operational flexibility.
Conclusion
Both Exness vs FXGT are reputable brokers with distinct strengths. Exness excels in regulatory compliance, low-cost trading, and platform variety, making it ideal for forex traders and those seeking reliability. FXGT shines for crypto enthusiasts, offering high leverage, competitive spreads on digital assets, and attractive bonuses. Ultimately, your choice depends on your trading goals, risk tolerance, and preferred markets.
Before deciding, test both brokers with demo accounts to evaluate their platforms and conditions firsthand. Whichever you choose, ensure it aligns with your investment objectives and risk appetite. Happy trading in 2025!
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