Feature | Exness | FXCM |
---|---|---|
Regulation | Regulated by FCA (UK), CySEC (Cyprus), FSB (South Africa), ASIC (Australia), and more | Regulated by FCA (UK), ASIC (Australia), CFTC, NFA (USA), FSCA (South Africa) |
Account Types | Standard, Pro, Zero, and ECN accounts, each with different spreads and commissions | Standard, Active Trader, and Spread Betting accounts, with different services for each type |
Minimum Deposit | $1 minimum deposit for most account types, higher for Pro and ECN accounts | $50 minimum deposit for Standard account, higher for some account types |
Leverage | Offers leverage up to 1:2000 depending on account type and region | Offers leverage up to 1:400, depending on account type and region |
Spreads | Starting from 0.0 pips for ECN accounts, spreads vary for others, starting from 0.1 pips | Starting from 0.1 pips for Standard and Active Trader accounts |
Commissions | ECN accounts charge commission per lot traded, other accounts may charge no commission | Commissions on Active Trader accounts, typically lower than other account types |
Trading Platforms | MetaTrader 4, MetaTrader 5, WebTrader, and Exness Trader | MetaTrader 4, MetaTrader 5, TradingView, and FXCM Trading Station |
Instruments Offered | Forex, commodities, indices, metals, cryptocurrencies, stocks, and energies | Forex, CFDs on stocks, commodities, indices, and cryptocurrencies |
Minimum Lot Size | 0.01 lots for most accounts | 0.01 lots for most accounts |
Execution Type | Market execution, Instant execution for some accounts | Market execution, Instant execution for certain products |
Mobile Trading | Exness mobile app for iOS and Android | FXCM Trading Station app and MetaTrader mobile apps |
Deposit/Withdrawal | Bank transfers, credit/debit cards, e-wallets (Skrill, Neteller, etc.), and cryptocurrencies | Bank transfers, credit/debit cards, PayPal, Skrill, Neteller, and more |
Customer Support | 24/7 customer support via live chat, phone, and email | 24/5 customer support via phone, email, and live chat |
Education and Research | Webinars, educational articles, market analysis, and economic calendar | Educational videos, webinars, daily market research, and live analysis |
Islamic Accounts | Available for all account types upon request | Available for certain account types, subject to eligibility and regulatory constraints |
Trading Costs | Low trading costs for most account types, spreads can be variable depending on market | Relatively low trading costs for Active Trader and other accounts, depending on volume |
Deposit Methods | Credit cards, e-wallets, wire transfers, cryptocurrencies | Credit cards, PayPal, Skrill, Neteller, bank transfers |
Withdrawal Methods | Credit cards, e-wallets, wire transfers, cryptocurrencies | Credit cards, PayPal, Skrill, Neteller, bank transfers |
Customer Feedback | Generally positive reviews regarding platform usability and customer service | Mixed reviews, with some complaints about platform outages and spreads |
Regulation Bodies | FCA, CySEC, ASIC, FSB, FSCA, and other global regulators | FCA, ASIC, CFTC, NFA, FSCA, and other global regulators |
Copy Trading | Available through Exness Copy Trading service | Available through FXCM’s Trading Station and via third-party copy trading platforms |
Available Countries | Over 190 countries, with some restrictions in specific regions | Available in over 50 countries, but restrictions in certain regions |
Trading Hours | 24/5 for Forex, commodities, and metals, 24/7 for cryptocurrencies | 24/5 for Forex, commodities, indices, and 24/7 for cryptocurrencies |
Negative Balance Protection | Yes, for all retail clients | Yes, for retail clients in certain regions |
Auto-Trading | Supports Expert Advisors (EAs) on MetaTrader platforms | Supports automated trading via MetaTrader platforms and Trading Station |
Social Trading | Exness does not provide its own social trading platform, but supports third-party services | FXCM offers social trading through platforms like ZuluTrade and TradingView |
Risk Management Tools | Stop Loss, Take Profit, Trailing Stop, and Market Alerts | Stop Loss, Take Profit, Trailing Stop, One Cancels Other (OCO) orders |
Security Features | SSL encryption, two-factor authentication (2FA), account protection | SSL encryption, two-factor authentication (2FA), account protection |
Account Currency Options | USD, EUR, GBP, and many others, depending on region and account type | USD, EUR, GBP, and other major currencies |
Profit Sharing/Referral Programs | Yes, through Exness affiliate and referral programs | Yes, through FXCM’s affiliate and referral programs |
Trading Central | Available via third-party integration | Available for Active Trader accounts and premium services |
Regulatory Reporting | Regular financial reporting and transparency | Regular financial reporting and transparency |
Dedicated Account Manager | Available for higher-tier accounts (VIP and Professional) | Available for higher-tier accounts (Active Trader, VIP) |
Backtesting | Available on MetaTrader 4 and MetaTrader 5 platforms | Available on MetaTrader 4, MetaTrader 5, and Trading Station |
Custom Indicators/Tools | Available for MetaTrader platforms | Available for MetaTrader platforms and Trading Station |
Demo Account Features | Unlimited demo accounts, with full access to platform features | Unlimited demo accounts, full access to platform features |
Market News and Analysis | Daily updates, news feeds, market analysis, and webinars | Daily updates, news feeds, live market analysis, and webinars |
API Trading | Available through MetaTrader 4/5 API and third-party solutions | Available through MetaTrader 4/5 API and FXCM API |
Trading Psychology Tools | Emotional Control (offered through partnerships with third parties) | Not specifically provided, but available through third-party tools |
Spread Betting | Not available in all regions, but offered in select countries | Available in the UK and Ireland under tax-efficient structure |
Hedging | Allowed for most account types | Allowed for most account types |
Interest on Unused Margin | Not applicable (Exness offers commission-based accounts) | Not applicable (FXCM charges commissions and spreads, no interest) |
Deposit Speed | Instant for e-wallets, 1-3 business days for bank transfers | Instant for e-wallets, 1-3 business days for bank transfers |
Withdrawal Speed | Instant for e-wallets, 1-3 business days for bank transfers | Instant for e-wallets, 1-3 business days for bank transfers |
Commission-Free Withdrawals | Yes, for many payment methods (conditions apply) | Yes, for many payment methods (conditions apply) |
Overnight Funding/Swap Rates | Variable, depends on the instrument and position duration | Variable, depends on the instrument and position duration |
Trading Signals | Available through third-party services integrated with platform | Available through third-party services like Trading Central |
Currency Pairs | Over 100+ currency pairs available for trading | Over 50+ currency pairs available for trading |
Account Verification | KYC process required for account verification | KYC process required for account verification |
Deposit Fees | No deposit fees for most methods, except some bank transfers | No deposit fees for most methods, except some bank transfers |
Withdrawal Fees | Fees for bank transfer withdrawals, no fees for e-wallets | Fees for bank transfer withdrawals, no fees for e-wallets |
Segregated Accounts | Yes, client funds held in segregated accounts | Yes, client funds held in segregated accounts |
Bonus and Promotions | No deposit bonuses or promotions offered | Limited promotions and bonuses available, depending on region |
VPS Hosting | Free VPS for eligible clients (based on trading volume) | Available for Active Trader clients with certain conditions |
Market Execution Speed | Extremely fast with direct market access for ECN accounts | Fast execution with market access on supported instruments |
Margin Call/Stop Out Levels | Margin call at 60%, stop-out at 30% for most accounts | Margin call at 100%, stop-out at 50% for most accounts |
Risk Warning | Clear risk warnings on platform, with educational resources | Clear risk warnings on platform, with educational resources |
Trading Competitions | Exness offers periodic trading competitions | FXCM offers periodic trading competitions |
Institutional Services | Exness offers White Label and Liquidity Provider services | FXCM offers institutional trading solutions and liquidity |
Funds Security | Client funds are protected through separate custodial accounts | Client funds are protected via custodial accounts |
Broker Transparency | High transparency in financial reporting and audits | High transparency in financial reporting and audits |
Global Offices | Offices in over 10 countries, with customer service in multiple languages | Offices in multiple countries with customer service in multiple languages |
Client Risk Management Tools | Available risk management tools, including negative balance protection | Risk management tools, including negative balance protection |
Web-based Trading Platform | Exness WebTrader available in most regions | FXCM WebTrader platform available for users |
Currency Converter | Built-in currency converter for fast calculations | Built-in currency converter for fast calculations |
Charting Tools | Advanced charting tools on MetaTrader 4/5 and Exness WebTrader | Advanced charting tools on MetaTrader 4/5 and Trading Station |
Trading Research Tools | Market news, analysis, and sentiment indicators | Extensive market news, live analysis, sentiment indicators |
API for Algorithmic Trading | Available for automated trading via MetaTrader API | Available for algorithmic trading with FXCM API |
Exness and FXCM offer competitive trading features, with differences in regulation, leverage, fees, and platforms. Exness provides a broader range of account types and high leverage, while FXCM offers specialized tools for active traders and institutions.