Exness vs PrimeXBT Comparison & Reviews

FeatureExnessPrimeXBT
Founded20082018
RegulationRegulated by CySEC, FCA, FSA (Seychelles), FSCA (South Africa)Not regulated by major financial authorities
Account TypesStandard, Standard Plus, Pro, Raw Spread, ZeroStandard Account
LeverageUp to 1:2000 for Forex (variable by region)Up to 1:100 for crypto, 1:1000 for Forex, commodities, indices
Trading InstrumentsForex, Cryptocurrencies, Indices, Stocks, Commodities, EnergiesCryptocurrencies, Forex, Indices, Commodities
Cryptocurrency OptionsLimited cryptocurrency pairs (e.g., BTC, ETH, LTC)Extensive crypto pairs including BTC, ETH, LTC, XRP, and multiple altcoins
SpreadsTight spreads, starting from 0.0 pips on certain accounts (e.g., Zero, Raw Spread)Tight spreads, often 0.05% for crypto pairs
Trading FeesCommission on Raw Spread and Zero accounts, no commission on Standard accountsCommission on all trades, approx. 0.05% on crypto
Trading PlatformsMetaTrader 4, MetaTrader 5, Exness TraderProprietary PrimeXBT platform (Web and Mobile)
Social TradingYes, through Exness Social TradingYes, through PrimeXBT Covesting
Copy TradingYesYes (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 WithdrawalsBank Transfer, Credit/Debit Card, Skrill, Neteller, Perfect Money, CryptocurrenciesBitcoin, Ethereum, Tether, Other crypto-based deposits
Withdrawal FeesNo fees for most methods, may vary by payment providerNo fees for crypto withdrawals but network fees apply
Order TypesMarket, Limit, Stop, Trailing StopMarket, Limit, Stop
Mobile AppYes (Exness Trader and MetaTrader 4/5 apps)Yes
Risk Management ToolsStop Loss, Take Profit, Trailing Stops, Negative Balance ProtectionStop Loss, Take Profit, Covesting Risk Management
Educational ResourcesWebinars, Articles, Glossary, Market AnalysisBlog, Guides, Tutorials
Customer Support24/7 support in multiple languages, live chat, email, phone24/7 live chat, email support
Demo AccountYesYes
Advanced Trading ToolsMarket News, Economic Calendar, Analysis ToolsCovesting, Yield Account (interest on crypto)
Geographic RestrictionsNot available in some countries (e.g., the US)Not available in certain jurisdictions
Bonus and PromotionsNo bonuses or promotionsPeriodic bonuses and trading contests
Affiliate ProgramsYes, affiliate and referral programsYes, affiliate program with CPA or revenue-sharing options
Security MeasuresSSL encryption, Segregated Funds, Regulatory ComplianceTwo-Factor Authentication (2FA), Cold Storage for crypto assets
Transaction SpeedFast, near-instant on most withdrawals (depends on method)Fast, particularly for crypto-based transactions
Trading Bots and API AccessNo specific trading bot support, limited API functionalityAPI access available, Covesting integration
Interest AccountsNoYes (yield accounts for crypto holdings)
Algorithmic TradingSupports Expert Advisors (EAs) on MetaTrader platformsLimited to custom API integrations
Liquidity ProvidersAccess to Tier 1 liquidity providers for tighter spreadsProprietary aggregation of liquidity sources
Execution SpeedUltra-fast execution, with most trades executed in millisecondsHigh-speed execution, optimized for crypto markets
Spread TypeVariable spreadsFixed spreads for some assets, variable for others
Hedging and ScalpingAllowed, especially on Pro accountsAllowed, supports high-frequency crypto trading
Islamic Account OptionsYes, Islamic (swap-free) accounts availableNot available
Deposit Processing TimeInstant for most payment methodsVaries based on cryptocurrency network speeds
Withdrawal Processing TimeUsually instant or within a few hoursCrypto withdrawals depend on blockchain confirmation times
Platform CustomizabilityHigh, with MT4/MT5 custom indicators and scriptsLimited, proprietary platform has less customizability
Fiat Currency DepositsSupported in multiple currencies (USD, EUR, GBP, etc.)Not supported, deposits are cryptocurrency-only
Charting ToolsAdvanced tools via MetaTrader (multiple chart types, indicators, timeframes)Basic charting tools in proprietary platform
Trading AlertsAvailable via MetaTrader notifications, email, and app notificationsAvailable through platform notifications
Order Execution TypeMarket ExecutionMarket Execution
Trailing Stops AvailabilitySupportedLimited functionality
Account Security OptionsTwo-Factor Authentication (2FA), Real-time Alerts, High SSL encryptionTwo-Factor Authentication (2FA), Withdrawal Whitelisting
Market Analysis ResourcesDaily technical and fundamental analysis, videos, webinarsLimited to blog content and basic market analysis
Custom IndicatorsYes, available via MetaTrader platformNo support for custom indicators
User InterfaceStandard MT4/MT5 interface with customizable optionsIntuitive, streamlined interface with simple layout
Currency Conversion FeesNo additional fees if trading in account’s base currency, may incur fees otherwiseNo currency conversion needed, all trades are crypto-based
Supported Operating SystemsWindows, MacOS, iOS, AndroidWeb-based platform, Mobile Apps (iOS and Android)
Price AggregationUses multiple liquidity providers for accurate pricingAggregates crypto prices from various exchanges
Risk Management EducationExtensive resources on risk management, leverage management, and trading psychologyBasic education through blog and Covesting platform insights
Account Verification ProcessStandard KYC (Know Your Customer) verificationStandard KYC process for all users
Trading Experience LevelSuitable for beginner to advanced tradersBest for intermediate to advanced traders, due to complex crypto products
Referral ProgramOffers rebates and commissions for referralsOffers commissions and revenue share for referrals
Client Segregation of FundsClient funds held in segregated accounts for added securityClient funds stored in cold storage for cryptocurrencies
Negative Balance ProtectionAvailable on all account typesNot explicitly provided
Automated Trading SupportYes, supports automated trading with MetaTrader Expert Advisors (EAs)API access for trading bots, limited to custom programming
Trading SignalsYes, signals available through MetaTrader’s integrated signals serviceNot available
Copy Trading FeaturesAdvanced filters for selecting traders, performance statistics, risk scoresCovesting offers performance metrics and filters for copy trading
Market DepthAvailable on MT5 platformNot available
Micro Lot TradingAvailable on some accountsNot available
Fixed Spread AccountsNo, all spreads are variableNot specifically available, some spreads are nearly fixed for crypto
Volume Discounts or RebatesYes, high-volume traders may receive rebatesLimited to referral program rewards
VIP and Loyalty ProgramsYes, higher account levels offer priority support and special featuresNot explicitly available
Interface Language OptionsSupports multiple languages on MetaTrader and Exness platformsSupports major global languages
Account ManagementAccount management portal with detailed trading history, performance statsBasic account management with Covesting performance stats
Price AlertsYes, available through MetaTrader and Exness mobile appAvailable in proprietary platform
Trading Volume LimitsNo major limits on trading volumeNo limits for high-volume traders
Micro Account for BeginnersYes, offers a Cent Account for lower riskNo, primarily focuses on full-lot trading
Order Book VisibilityLimited to MT5 usersNo access to order book
Swap-Free Availability for All AssetsLimited to specific accountsNot available
Trading Community ForumsYes, active community forums and social media groupsLimited, focus on Covesting social trading platform
Trading Challenges or ContestsOccasionally offers demo account contests and trading competitionsYes, periodic trading contests for community engagement
Risk Assessment ToolsIntegrated risk management tools and educational resourcesRisk assessment options via Covesting, manual risk settings for trades
Account Overview DashboardDetailed account dashboards in MetaTrader and Exness platformSimple account overview with detailed stats in Covesting
Daily and Weekly ReportsDaily and weekly trading reports, market analysisLimited to Covesting insights
Order Execution TransparencyExecution transparency for spread and slippageLimited transparency for spreads
Advanced Reporting ToolsYes, detailed trade history and performance analysisBasic reporting features
Trade Restrictions by Asset TypeFew restrictions, except for certain CFDs and regional limitationsMainly crypto-focused, restrictions based on region and jurisdiction
Order Expiration OptionsGood-till-cancelled (GTC), daily and session expiration options on MT4/MT5Limited expiration options
Service Levels for High Net-Worth TradersDedicated account managers, customized support for VIP clientsNo specialized services for high net-worth individuals
Trade Journaling IntegrationNo integrated journaling tools, external tools requiredNo integrated journaling options
Onboarding Process for New TradersStep-by-step account setup, tutorials, and demo account accessSimplified onboarding, crypto deposits only
Access to Third-Party ResearchAccess to some third-party research within MetaTraderLimited research resources
Enhanced Charting PackagesMetaTrader offers various advanced charting packagesLimited to in-platform charting features
Withdrawal Protection OptionsYes, with real-time withdrawal alerts and two-factor authenticationTwo-factor authentication, crypto withdrawal whitelisting
Weekend Trading AvailabilityLimited to certain crypto assetsAvailable for crypto assets
Interest-Earning AccountsNot offeredYield accounts available for certain cryptocurrencies
Corporate or Institutional AccountsYes, Exness offers specialized corporate accountsNot available
Trading Log Access for AuditingYes, logs accessible through MetaTrader for audit purposesLimited access
Support for Complex Order TypesAvailable with MetaTrader for some advanced ordersLimited to standard order types
Custom Margin SettingsMargin adjustments based on trading volume and asset classMargin settings vary by account but lack customization
Credit-Based TradingNot availableNot available
Interest on Margin BalancesNo interest earned on margin balancesNo interest on margin balances
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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.