Feature | Exness | FTMO |
|---|---|---|
Company Type | Broker, provides direct trading services | Proprietary Trading Firm, provides funded accounts to traders |
Founded | 2008 | 2015 |
Headquarters | Limassol, Cyprus | Prague, Czech Republic |
Regulation | Regulated by CySEC, FCA, FSA, FSCA, and CBCS | Unregulated |
Account Types | Standard, Pro, Raw Spread, Zero, Islamic Accounts | FTMO Challenge and Verification Accounts, Funded Trader Accounts |
Leverage | Up to 1:2000 (varies by account type) | Up to 1:100 |
Minimum Deposit | $1 for Standard Accounts | None, but FTMO Challenge Fee (Refundable upon completion) |
Trading Instruments | Forex, Cryptocurrencies, Metals, Energies, Stocks, Indices | Forex, Commodities, Indices, Cryptocurrencies |
Platforms | MetaTrader 4, MetaTrader 5, Exness Web Terminal, Mobile Apps | MetaTrader 4, MetaTrader 5 |
Spread Type | Variable, with Raw Spread Account offering near-zero spreads | Variable |
Commission | No commission on Standard accounts, low commission on Raw Spread and Zero accounts | No commission on Challenge accounts, standard spread applies |
Execution Type | Market execution | Market execution |
Trading Tools | Economic Calendar, Currency Converter, Trading Signals, VPS for Pro Accounts | FTMO Swing Account option for higher leverage, Scaling Plan, Account Analysis Tool |
Education and Resources | Extensive, including webinars, articles, videos, and analysis | Education for funded traders, webinars, articles, and videos |
Risk Management | Negative balance protection, Stop Out Level | Strict risk management rules for Challenge, Maximum Daily Loss, Maximum Overall Loss |
Withdrawal Fees | No fees on most withdrawal methods | No fees on profit withdrawals |
Customer Support | 24/7 via live chat, email, phone support | Email and live chat support |
Funding Process | Standard account funding through deposit | Requires passing FTMO Challenge and Verification phases |
Profit Sharing | Trader keeps 100% profit | 80%-90% profit split for Funded Traders |
Geographic Restrictions | Available in most countries, some restrictions in sanctioned countries | Available globally, some restrictions for countries with regulatory conflicts |
Withdrawal Processing Time | Instant on certain payment methods, 1-3 business days for others | 1-2 business days |
Trader Requirements | No specific requirements for most accounts, Islamic account options available | Strict trading rules, requires successful completion of FTMO Challenge |
Best for | Retail traders, high leverage enthusiasts, and beginners | Experienced traders looking for funding and willing to follow specific rules |
Account Currencies | Multiple options including USD, EUR, GBP, AUD, cryptocurrencies | Limited options; typically funded accounts are in USD or EUR |
Order Types | Market, Limit, Stop, Trailing Stops | Market, Limit, Stop |
Mobile Trading | Full-featured mobile apps for iOS and Android | Limited mobile functionality, compatible with MetaTrader apps |
Social Trading | Copy trading available through Exness Social Trading app | No social trading, proprietary trading only |
Algo Trading | Supported on MetaTrader 4 and 5 (EA capabilities) | Not supported; manual trading required |
Demo Account | Yes, unlimited demo accounts | Yes, demo through FTMO Challenge with simulated conditions |
Trading Hours | 24/5 for Forex, specific hours for other assets | 24/5, aligns with market hours for each asset |
Spreads on Majors (Average) | From 0.1 pips on Raw Spread Account | Typically 1.0-1.5 pips on Challenge accounts |
Swap Fees | Swap-free option available, fees vary by instrument | No swaps on Challenge or Funded accounts |
Slippage Control | Yes, order execution depends on market conditions, can vary by account type | Strict slippage control, standardized market conditions |
Account Expiry | No expiry for live accounts | Expiry only if Challenge or Verification is failed |
Trade Size Limits | Flexible; micro lots available, max trade size varies by account | Standard lot sizes; strict limits for maximum daily and overall losses |
API Access | Yes, allows API integration for automated trading | No API access |
Trading Strategy Flexibility | High, allows scalping, hedging, EAs | Restricted; no news trading or high-frequency strategies allowed |
Profit Withdrawal Conditions | Immediate withdrawal on profits for all accounts | Monthly profit withdrawals allowed |
Scaling Plan | Not available | Yes, eligible Funded Traders can scale up based on performance |
Inactivity Fees | None | No inactivity fees on funded accounts |
Account Review Requirements | None, trading can be autonomous | Monthly performance reviews for scaling and continued funding eligibility |
Promotions and Bonuses | Occasional deposit bonuses, promotions vary | No bonuses or promotions, performance-based scaling only |
Trading Psychology Resources | Limited | Dedicated resources for Funded Traders, emphasis on psychology and risk management |
Verification Process | KYC required for withdrawals, identity and residence proof | Strict verification after Challenge completion |
Payout Frequency | Flexible, as per user preference and profit availability | Monthly payouts, can be bi-monthly on request |
Company Reputation | Well-regarded in brokerage industry, established and regulated | Reputable in proprietary trading with high success rates for experienced traders |
Additional Fees | Overnight fees on positions, no account management fees | Challenge and Verification fees (refundable), no other fees |
Deposit Methods | Credit/Debit Card, Bank Transfer, e-Wallets (Skrill, Neteller), Cryptocurrencies | No deposits required; Challenge and Verification fees paid through various online payment methods |
Withdrawal Methods | Same as deposit methods, plus instant withdrawals on some e-wallets | Profits paid via bank transfer or PayPal only |
Liquidity Providers | Top-tier banks and liquidity providers | Proprietary capital, liquidity facilitated through institutional-grade providers |
Order Execution Speed | Ultra-fast, typically under 0.01 seconds for Standard and Pro accounts | Fast execution, varies slightly due to simulated conditions during Challenge |
Market Analysis Tools | Technical indicators, fundamental analysis tools, real-time news feed | In-depth market analysis provided on FTMO’s dashboard, performance analysis available |
Partnership Program | Yes, offers affiliate program and introducing broker options | None |
Trade Monitoring | Self-monitoring, account dashboard with basic analytics | Advanced analytics tool, real-time trade feedback, daily and overall risk alerts |
Real-Time Notifications | Available through MetaTrader push notifications and email | Real-time notifications on risk and profit milestones through FTMO dashboard |
Client Transparency | Transparent with account details, trading fees, order details | Highly transparent, real-time profit and risk metrics for funded traders |
Language Support | Multi-language, supports over 15 languages in platform and customer service | Primarily English and Czech, some resources in other languages |
Security Measures | Two-factor authentication (2FA), secure servers, data encryption | Strict account security with 2FA, secure servers, high focus on data privacy |
Broker Type | ECN/STP with direct market access | Acts as an institutional capital provider, no brokerage services |
Global Accessibility | Highly accessible with limited country restrictions | Available globally but requires specific regulatory compatibility for funded accounts |
Trading Competitions | Occasionally holds trading contests and rewards | No competitions, but offers milestones for scaling accounts |
Copy Trading Features | Social trading options with Exness CopyTrading app | Not supported |
Account Management Options | Allows personal account management and adjustments | No direct account management; accounts are managed based on performance |
Trade Reversal Feature | Not available | Not available; trades are final in Challenge and Funded phases |
Interest on Equity | None, equity is only tradable | None, profits are shared based on performance |
Trading Sessions | Forex and other markets are accessible during active market sessions, 24/5 | Funded account trading sessions follow market hours, strict timing rules apply |
Platform Customization | Customizable within MetaTrader, advanced charting and EA capabilities | Basic customization through MetaTrader interface only |
Trading History | Accessible through MetaTrader, downloadable trade reports | Detailed trading history available on FTMO dashboard |
Transparency in Fees | Transparent fee structure, visible in platform | Transparent fee for Challenge, no hidden costs |
Focus on Beginner Traders | Offers beginner resources, flexible account types, and low initial deposits | Primarily targets experienced traders, high requirements for fund access |
Additional Trader Support | Trading psychology videos, account analytics, community forum | Personalized support for Funded Traders, focus on psychological resilience |
User Feedback and Support Channels | 24/7 live chat, multilingual email support | Community-focused support via email and live chat, feedback integrated into platform features |
Insurance on Funds | Client funds segregated and insured in regulated jurisdictions | No insurance, but strict capital allocation based on trader performance |
Account Upgrade Options | Upgrade to higher-tier accounts for lower spreads, faster execution | Account scaling based on consistent profit and risk management in Funded phase |
