Feature | Exness | FP Markets |
|---|---|---|
Founded | 2008 | 2005 |
Regulation | CySEC, FCA, FSCA, FSA, CBCS, FSC | ASIC, CySEC, FSCA |
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Exness Trader (Mobile App) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), IRESS, FP Markets App |
Account Types | Standard, Raw Spread, Zero, Pro | Standard, Raw, Islamic (swap-free available) |
Minimum Deposit | $10 (Standard Account), $200 (for Raw, Zero, Pro) | $100 for MT4/MT5, $1,000 for IRESS |
Leverage | Up to 1:2000 (depends on region and account type) | Up to 1:500 |
Spreads | Starting from 0.0 pips (Raw Spread, Zero Accounts) | Starting from 0.0 pips (Raw Account) |
Commission | Zero commission for Standard, commission-based on Raw and Zero Accounts | Zero commission for Standard, commission-based on Raw Accounts |
Execution Type | Market execution | Market execution |
Assets Available | Forex, Cryptocurrencies, Metals, Energies, Indices, Stocks | Forex, Commodities, Metals, Indices, Shares |
Number of Forex Pairs | Over 100 | Over 60 |
Cryptocurrency Trading | Available (Bitcoin, Ethereum, Ripple, etc.) | Available |
Customer Support | 24/7, live chat, email, phone | 24/5, live chat, email, phone |
Education | Webinars, articles, video tutorials, economic calendar | Webinars, eBooks, video tutorials, articles, trading glossary |
Research Tools | Economic calendar, trading signals, trading calculator, tick history | Autochartist, Myfxbook AutoTrade, Trading Central, economic calendar |
Copy Trading | Exness Social Trading | Myfxbook AutoTrade |
Islamic Account | Available | Available |
Deposit & Withdrawal Methods | Bank Transfer, Credit/Debit Cards, E-wallets (Skrill, Neteller), Cryptocurrencies | Bank Transfer, Credit/Debit Cards, E-wallets (Skrill, Neteller), PayPal |
Withdrawal Fees | None | None |
Order Types | Market, Limit, Stop, Trailing Stops, OCO | Market, Limit, Stop, Trailing Stops |
Social Trading | Yes (Exness Social Trading) | Limited to Myfxbook AutoTrade |
Mobile Trading | Exness Trader App, MT4, MT5 | FP Markets App, MT4, MT5 |
Demo Account | Yes | Yes |
Languages Supported | Over 15 languages | English, Spanish, Portuguese, Chinese, among others |
Bonus Programs | No bonuses offered | No bonuses offered |
Segregated Client Funds | Yes | Yes |
Negative Balance Protection | Yes | Yes |
Trading Instruments Variety | Forex, Cryptocurrencies, Metals, Energies, Indices, Stocks | Forex, Commodities, Metals, Indices, Stocks, Bonds |
Currency Options | USD, EUR, GBP, AUD, JPY, many others (varies by region) | USD, EUR, GBP, AUD, SGD, CHF, JPY |
VPS Service | Free for active traders | Free VPS for high-volume traders |
Minimum Order Size | 0.01 lots (micro-lots available) | 0.01 lots (micro-lots available) |
Spread Types | Fixed (Pro Account), Variable (Standard, Raw Spread, Zero) | Variable for all accounts |
Trading Signals | Provided via MT4 and MT5 | Available through Trading Central and Autochartist |
Market Depth | Yes, available on Raw Spread and Zero Accounts | Yes, available on all accounts |
Scalping and Hedging | Allowed | Allowed |
Algo/Automated Trading | Supported on MT4/MT5 | Supported on MT4/MT5 |
Deposit Processing Time | Instant for most methods | Instant for most methods |
Withdrawal Processing Time | Instant for most methods | Usually within 24 hours, varies by method |
Platform Add-ons | Tick History (MT5), Economic News Alerts, Social Trading App | Autochartist, Trading Central, IRESS trading platform add-ons |
Multi-Account Manager (MAM) | Supported for professional account managers | Supported via MT4 MAM/PAMM |
Inactivity Fees | No inactivity fee | No inactivity fee |
Maximum Open Positions | No limit (depends on account balance and margin requirements) | No limit specified, dependent on account margin requirements |
Trading Competitions | Occasionally held for clients | Occasionally held for clients |
Withdrawal to Crypto Wallets | Supported (Bitcoin, Ethereum, Tether, others) | Not available |
Community Forums | Exness Trading Community Forum | FP Markets Community on social media platforms |
Customer Support Languages | 15+ languages, including support in local dialects for certain regions | Multiple languages including English, Spanish, Chinese, Greek |
Leverage Customization | Yes, adjustable based on trader preference and regulatory restrictions | Yes, adjustable based on account type and regulatory requirements |
Bank Withdrawal Fees | No fees on withdrawals | No fees on withdrawals |
Regulatory Compensation Scheme | Compensation funds under each regulatory authority vary by region | Compensation scheme in place based on ASIC and CySEC regulations |
Forex Analysis Tools | Provides technical indicators, sentiment analysis, daily analysis on Exness blog | Economic calendar, Myfxbook analytics, trading signals from Trading Central |
Trading Execution Speeds | Average 0.1 seconds | Average 0.09 seconds for most accounts |
Institutional Services | Dedicated liquidity solutions, institutional-grade trading for high-net-worth clients | IRESS platform tailored for high-net-worth clients and institutions |
Auto-Deposit System | Yes, supports instant auto-deposit on weekends for specific methods | No auto-deposit available, standard processing applies |
Account Security Features | Two-factor authentication (2FA), IP whitelisting, encryption | Two-factor authentication (2FA), encrypted transactions |
Partial Close Functionality | Available for all accounts, allows users to partially close positions | Available on MT4/MT5 |
Profit Withdrawal Limits | None | None |
Real-time News Feed | Integrated within MT4/MT5 platform, frequently updated | Integrated within MT4/MT5, access to Trading Central insights |
Charting Tools | Advanced tools on MT4/MT5, 50+ indicators, custom scripting support | Advanced tools on MT4/MT5, IRESS includes extended charting for professional traders |
Stop-Loss/Take-Profit Modifications | Yes, can modify after placing trades, offers automated stop-loss limits | Yes, available on all account types with standard execution |
Broker Type | Market Maker, ECN | ECN, STP |
Mobile Platform Features | Exness Trader offers charting, account management, push notifications | FP Markets App offers full account management, custom watchlists, real-time price alerts |
Algorithmic Trading Compatibility | Supports MQL4, MQL5 languages for MT4/MT5 custom scripts | Supports MQL4, MQL5 on MT4/MT5, limited scripting on IRESS |
Funding Currencies | Multiple, including USD, EUR, GBP, JPY, AUD, and cryptocurrencies | Multiple, including USD, EUR, AUD, SGD, limited cryptocurrency support |
Leverage Adjustments by Market | Dynamically adjusts based on asset class (e.g., crypto leverage differs from forex) | Adjusted by market type, maximum 1:500, varies based on regulatory limits |
Trailing Stop Order | Supported on all platforms, fully customizable | Supported on all platforms, adjustable within MT4/MT5 |
Order Book Transparency | Available for Pro and Raw accounts via depth of market (DOM) | Limited transparency, depth of market available through IRESS and Trading Central |
Promotions and Loyalty Programs | Limited promotions, often tied to specific account types | Occasional bonuses, promotional offers on deposits |
Referral Programs | Yes, referral commissions for introducing new clients | Yes, affiliate and referral options with tiered rewards |
Currency Conversions | Automatic on deposits, conversions at competitive rates for multi-currency accounts | Automatic on deposits, conversion fees may apply depending on method |
Swap-free Islamic Accounts | Available, swap-free on major forex pairs and some indices | Available, swap-free conditions apply on forex, indices, and commodities |
Advanced Charting Options | Includes custom templates, multiple chart windows, timeframe flexibility | Advanced IRESS and MT5 charts, multiple charts per asset, professional chart patterns |
FIFO Rule Compliance | Applies depending on region of registration | Applies to US-based traders, others unaffected |
Live Market Commentary | Access through the Exness blog, updated daily | Real-time commentary via Trading Central |
Market News Sources | Reuters and Dow Jones integration for up-to-date market news | Dow Jones Newswire, Autochartist, Trading Central |
Corporate Actions Support | Not supported | Supported, corporate action information available on IRESS |
Account Switching Options | Easy switch between account types through Exness portal | Can open multiple accounts within one login, switch between MT4, MT5, and IRESS |
Risk Management Tools | Provides margin call alerts, automated stop-outs | Advanced tools, margin calls based on asset type, automated stop-outs |
Public API Access | No public API | Available for partners and high-volume traders |
Trading Rewards | Limited loyalty programs, no cash-back or rewards systems | Trading rebates and rewards for high-volume and professional traders |
Seasonal Webinars and Events | Regularly holds webinars on trading strategies, financial market updates | Weekly webinars on trading tools, analysis, strategies, and market trends |
Account Transfer Flexibility | Users can transfer funds between accounts of the same type | Flexible fund transfers between MT4 and MT5 accounts |
Exness and FP Markets offer competitive features, with Exness focusing on flexible leverage and cryptocurrency options, while FP Markets specializes in IRESS platform access and in-depth market analysis.