Feature | Exness | PrimeXBT |
|---|---|---|
Founded | 2008 | 2018 |
Regulation | Regulated by CySEC, FCA, FSA (Seychelles), FSCA (South Africa) | Not regulated by major financial authorities |
Account Types | Standard, Standard Plus, Pro, Raw Spread, Zero | Standard Account |
Leverage | Up to 1:2000 for Forex (variable by region) | Up to 1:100 for crypto, 1:1000 for Forex, commodities, indices |
Trading Instruments | Forex, Cryptocurrencies, Indices, Stocks, Commodities, Energies | Cryptocurrencies, Forex, Indices, Commodities |
Cryptocurrency Options | Limited cryptocurrency pairs (e.g., BTC, ETH, LTC) | Extensive crypto pairs including BTC, ETH, LTC, XRP, and multiple altcoins |
Spreads | Tight spreads, starting from 0.0 pips on certain accounts (e.g., Zero, Raw Spread) | Tight spreads, often 0.05% for crypto pairs |
Trading Fees | Commission on Raw Spread and Zero accounts, no commission on Standard accounts | Commission on all trades, approx. 0.05% on crypto |
Trading Platforms | MetaTrader 4, MetaTrader 5, Exness Trader | Proprietary PrimeXBT platform (Web and Mobile) |
Social Trading | Yes, through Exness Social Trading | Yes, through PrimeXBT Covesting |
Copy Trading | Yes | Yes (via Covesting) |
Minimum Deposit | $10 (depends on account type and region) | No fixed minimum deposit, but generally recommended starting balance is around $50 |
Deposits and Withdrawals | Bank Transfer, Credit/Debit Card, Skrill, Neteller, Perfect Money, Cryptocurrencies | Bitcoin, Ethereum, Tether, Other crypto-based deposits |
Withdrawal Fees | No fees for most methods, may vary by payment provider | No fees for crypto withdrawals but network fees apply |
Order Types | Market, Limit, Stop, Trailing Stop | Market, Limit, Stop |
Mobile App | Yes (Exness Trader and MetaTrader 4/5 apps) | Yes |
Risk Management Tools | Stop Loss, Take Profit, Trailing Stops, Negative Balance Protection | Stop Loss, Take Profit, Covesting Risk Management |
Educational Resources | Webinars, Articles, Glossary, Market Analysis | Blog, Guides, Tutorials |
Customer Support | 24/7 support in multiple languages, live chat, email, phone | 24/7 live chat, email support |
Demo Account | Yes | Yes |
Advanced Trading Tools | Market News, Economic Calendar, Analysis Tools | Covesting, Yield Account (interest on crypto) |
Geographic Restrictions | Not available in some countries (e.g., the US) | Not available in certain jurisdictions |
Bonus and Promotions | No bonuses or promotions | Periodic bonuses and trading contests |
Affiliate Programs | Yes, affiliate and referral programs | Yes, affiliate program with CPA or revenue-sharing options |
Security Measures | SSL encryption, Segregated Funds, Regulatory Compliance | Two-Factor Authentication (2FA), Cold Storage for crypto assets |
Transaction Speed | Fast, near-instant on most withdrawals (depends on method) | Fast, particularly for crypto-based transactions |
Trading Bots and API Access | No specific trading bot support, limited API functionality | API access available, Covesting integration |
Interest Accounts | No | Yes (yield accounts for crypto holdings) |
Algorithmic Trading | Supports Expert Advisors (EAs) on MetaTrader platforms | Limited to custom API integrations |
Liquidity Providers | Access to Tier 1 liquidity providers for tighter spreads | Proprietary aggregation of liquidity sources |
Execution Speed | Ultra-fast execution, with most trades executed in milliseconds | High-speed execution, optimized for crypto markets |
Spread Type | Variable spreads | Fixed spreads for some assets, variable for others |
Hedging and Scalping | Allowed, especially on Pro accounts | Allowed, supports high-frequency crypto trading |
Islamic Account Options | Yes, Islamic (swap-free) accounts available | Not available |
Deposit Processing Time | Instant for most payment methods | Varies based on cryptocurrency network speeds |
Withdrawal Processing Time | Usually instant or within a few hours | Crypto withdrawals depend on blockchain confirmation times |
Platform Customizability | High, with MT4/MT5 custom indicators and scripts | Limited, proprietary platform has less customizability |
Fiat Currency Deposits | Supported in multiple currencies (USD, EUR, GBP, etc.) | Not supported, deposits are cryptocurrency-only |
Charting Tools | Advanced tools via MetaTrader (multiple chart types, indicators, timeframes) | Basic charting tools in proprietary platform |
Trading Alerts | Available via MetaTrader notifications, email, and app notifications | Available through platform notifications |
Order Execution Type | Market Execution | Market Execution |
Trailing Stops Availability | Supported | Limited functionality |
Account Security Options | Two-Factor Authentication (2FA), Real-time Alerts, High SSL encryption | Two-Factor Authentication (2FA), Withdrawal Whitelisting |
Market Analysis Resources | Daily technical and fundamental analysis, videos, webinars | Limited to blog content and basic market analysis |
Custom Indicators | Yes, available via MetaTrader platform | No support for custom indicators |
User Interface | Standard MT4/MT5 interface with customizable options | Intuitive, streamlined interface with simple layout |
Currency Conversion Fees | No additional fees if trading in account’s base currency, may incur fees otherwise | No currency conversion needed, all trades are crypto-based |
Supported Operating Systems | Windows, MacOS, iOS, Android | Web-based platform, Mobile Apps (iOS and Android) |
Price Aggregation | Uses multiple liquidity providers for accurate pricing | Aggregates crypto prices from various exchanges |
Risk Management Education | Extensive resources on risk management, leverage management, and trading psychology | Basic education through blog and Covesting platform insights |
Account Verification Process | Standard KYC (Know Your Customer) verification | Standard KYC process for all users |
Trading Experience Level | Suitable for beginner to advanced traders | Best for intermediate to advanced traders, due to complex crypto products |
Referral Program | Offers rebates and commissions for referrals | Offers commissions and revenue share for referrals |
Client Segregation of Funds | Client funds held in segregated accounts for added security | Client funds stored in cold storage for cryptocurrencies |
Negative Balance Protection | Available on all account types | Not explicitly provided |
Automated Trading Support | Yes, supports automated trading with MetaTrader Expert Advisors (EAs) | API access for trading bots, limited to custom programming |
Trading Signals | Yes, signals available through MetaTrader’s integrated signals service | Not available |
Copy Trading Features | Advanced filters for selecting traders, performance statistics, risk scores | Covesting offers performance metrics and filters for copy trading |
Market Depth | Available on MT5 platform | Not available |
Micro Lot Trading | Available on some accounts | Not available |
Fixed Spread Accounts | No, all spreads are variable | Not specifically available, some spreads are nearly fixed for crypto |
Volume Discounts or Rebates | Yes, high-volume traders may receive rebates | Limited to referral program rewards |
VIP and Loyalty Programs | Yes, higher account levels offer priority support and special features | Not explicitly available |
Interface Language Options | Supports multiple languages on MetaTrader and Exness platforms | Supports major global languages |
Account Management | Account management portal with detailed trading history, performance stats | Basic account management with Covesting performance stats |
Price Alerts | Yes, available through MetaTrader and Exness mobile app | Available in proprietary platform |
Trading Volume Limits | No major limits on trading volume | No limits for high-volume traders |
Micro Account for Beginners | Yes, offers a Cent Account for lower risk | No, primarily focuses on full-lot trading |
Order Book Visibility | Limited to MT5 users | No access to order book |
Swap-Free Availability for All Assets | Limited to specific accounts | Not available |
Trading Community Forums | Yes, active community forums and social media groups | Limited, focus on Covesting social trading platform |
Trading Challenges or Contests | Occasionally offers demo account contests and trading competitions | Yes, periodic trading contests for community engagement |
Risk Assessment Tools | Integrated risk management tools and educational resources | Risk assessment options via Covesting, manual risk settings for trades |
Account Overview Dashboard | Detailed account dashboards in MetaTrader and Exness platform | Simple account overview with detailed stats in Covesting |
Daily and Weekly Reports | Daily and weekly trading reports, market analysis | Limited to Covesting insights |
Order Execution Transparency | Execution transparency for spread and slippage | Limited transparency for spreads |
Advanced Reporting Tools | Yes, detailed trade history and performance analysis | Basic reporting features |
Trade Restrictions by Asset Type | Few restrictions, except for certain CFDs and regional limitations | Mainly crypto-focused, restrictions based on region and jurisdiction |
Order Expiration Options | Good-till-cancelled (GTC), daily and session expiration options on MT4/MT5 | Limited expiration options |
Service Levels for High Net-Worth Traders | Dedicated account managers, customized support for VIP clients | No specialized services for high net-worth individuals |
Trade Journaling Integration | No integrated journaling tools, external tools required | No integrated journaling options |
Onboarding Process for New Traders | Step-by-step account setup, tutorials, and demo account access | Simplified onboarding, crypto deposits only |
Access to Third-Party Research | Access to some third-party research within MetaTrader | Limited research resources |
Enhanced Charting Packages | MetaTrader offers various advanced charting packages | Limited to in-platform charting features |
Withdrawal Protection Options | Yes, with real-time withdrawal alerts and two-factor authentication | Two-factor authentication, crypto withdrawal whitelisting |
Weekend Trading Availability | Limited to certain crypto assets | Available for crypto assets |
Interest-Earning Accounts | Not offered | Yield accounts available for certain cryptocurrencies |
Corporate or Institutional Accounts | Yes, Exness offers specialized corporate accounts | Not available |
Trading Log Access for Auditing | Yes, logs accessible through MetaTrader for audit purposes | Limited access |
Support for Complex Order Types | Available with MetaTrader for some advanced orders | Limited to standard order types |
Custom Margin Settings | Margin adjustments based on trading volume and asset class | Margin settings vary by account but lack customization |
Credit-Based Trading | Not available | Not available |
Interest on Margin Balances | No interest earned on margin balances | No interest on margin balances |
Exness and PrimeXBT offer unique features catering to different trading styles; Exness is ideal for diversified assets with MetaTrader support, while PrimeXBT is suited for crypto-focused, high-leverage traders.