Written by ForexBrokers.com
In this head to head comparison of FP Markets vs Exness, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When comparing online brokers, FP Markets and Exness stand out for their regulatory credentials and trust scores. Founded in 2005, FP Markets holds two Tier-1 licenses and one Tier-2 license, which contribute to its impressive Trust Score of 89 out of 99 on ForexBrokers.com. Although it is not listed on any stock exchange and is not a bank, FP Markets is considered a trusted choice for investors due to its regulatory strength.
Exness, established in 2008, also boasts two Tier-1 licenses but edges ahead with three Tier-2 licenses. However, its Trust Score stands at 81, slightly lower than FP Markets, indicating a marginally higher risk according to ForexBrokers.com. Like its counterpart, Exness is not publicly traded and is not a bank. Both brokers offer a trusted platform for trading, with their licensing and Trust Scores providing a solid foundation for investor confidence.
| Feature |
FP Markets
|
Exness
|
|---|---|---|
| Year Founded | 2005 | 2008 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 3 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
FP Markets stands out for its competitive fees, making it a favorite among global traders, especially those opting for its commission-based ECN account. It was honored with "Best in Class" for Commissions and Fees in the 2024 Annual Awards, underscoring its reputation for cost efficiency. For those trading on the Iress platform, Direct Market Access (DMA) ensures transparent pricing and deep market insights, although the Iress ViewPoint account is more suitable for active traders with substantial balances. FP Markets offers two main choices: the Raw ECN account with tight spreads averaging 0.1 pips (0.8 pips with commission) or the Standard account, which tends to be more expensive with an average spread of 1.1 pips for EUR/USD. Overall, FP Markets achieves a stellar rating of 5 stars for commissions and fees, ranking #6 among 63 brokers as reviewed by ForexBrokers.com.
Exness presents a diverse range of account types, catering to both standard and professional traders. The costs associated with each account vary, where commission-based accounts offer lower spreads than their commission-free counterparts. The Pro account provides flexibility between instant and market execution, while the Zero Spread account charges a competitive $0.05 per trade commission with no leverage restrictions. Meanwhile, the Raw account demands up to $7 per round-turn lot, offering minimal spreads. Despite this variety, Exness holds a 4-star rating in commissions and fees and is ranked #35 out of 63 brokers by ForexBrokers.com.
When comparing these two brokers, FP Markets generally offers a more cost-effective solution, particularly for those prioritizing low trading costs and transparent market access. In contrast, Exness provides a comprehensive array of account types with varied features suitable for different trading styles, although it may not match the fee efficiency of FP Markets. Whether you're a high-volume trader seeking lower costs or a beginner exploring different account options, both brokers present appealing choices tailored to diverse trading needs.
| Feature |
FP Markets
|
Exness
|
|---|---|---|
| Minimum Deposit | $100 AUD | $10 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.7 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing FP Markets and Exness, both brokers provide opportunities for forex trading, offering CFDs or spot contracts. FP Markets boasts a comprehensive array of 10,000 tradeable symbols, catering to investors looking for an extensive selection. In contrast, Exness provides a more streamlined offering with 227 tradeable symbols. While Exness edges out with a slightly higher number of tradeable forex pairs at 96 compared to FP Markets' 71, FP Markets still receives a higher rating of 4.5 stars for its range of investments, underpinned by its broader selection.
In terms of other financial products, neither broker offers investors the ability to buy or trade exchange-traded securities from U.S. or international exchanges. However, both FP Markets and Exness provide options for trading cryptocurrency derivatives instead of actual cryptocurrencies, and each platform supports copy trading for users interested in automating their strategies. Despite these similarities, FP Markets is ranked 18th by ForexBrokers.com in the Range of Investments category, highlighting its comprehensive investment choices, while Exness is ranked 55th, reflecting its more limited offerings in this area.
| Feature |
FP Markets
|
Exness
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 227 |
| Forex Pairs (Total) | 71 | 96 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing trading platforms and tools, both FP Markets and Exness provide a comprehensive suite of features for traders. They each offer a free virtual demo account for simulated trading, allowing users to practice without financial risk. Both brokers have developed their own proprietary platforms and support popular options like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). With availability across Windows desktop downloads and web-based platforms, both FP Markets and Exness ensure users have versatile access to trading. They also support copy trading, which can be appealing to those who prefer to follow experienced traders' strategies.
For charting tools, FP Markets offers 17 drawing tools while Exness provides a more extensive set of 87 tools, which might be a consideration for those who value a greater assortment of analytical options. Both platforms allow trading directly from stock charts, enhancing the user-friendly experience. The watch list feature is equally accessible on both platforms, with each offering 7 columns for customization. Rated four stars out of five for their trading platforms and tools, FP Markets and Exness maintain competitive positions. According to ForexBrokers.com, FP Markets is ranked 23rd while Exness closely follows at 26th among 63 brokers, demonstrating their similar standing in the market.
| Feature |
FP Markets
|
Exness
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 107 |
| Charting - Drawing Tools (Total) | 17 | 87 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FP Markets and Exness, both platforms provide apps for iPhone and Android users, allowing seamless trading on the go. Traders on both platforms can set price alerts for stocks and forex, making sure they stay informed of market movements. However, neither FP Markets nor Exness offers the feature of watchlist symbol syncing, which means changes to watchlists in the mobile app do not automatically update on the user's online account. FP Markets includes the MetaTrader defaults for technical studies in its charting tools, whereas Exness provides 35 different technical studies for in-depth analysis.
Both brokers allow users to draw trendlines and view multiple time frames on their charts, such as daily, weekly, or intraday, to better cater to diverse trading strategies. However, a standout feature of the FP Markets app is its ability to auto-save chart drawings, something Exness does not offer. Users on both platforms can also create watchlists with real-time quotes. Despite these various functionalities, both mobile apps received a rating of 4 stars out of 5. Nevertheless, FP Markets pulls ahead slightly in ranks, positioned at #18 compared to Exness's #26 in the ForexBrokers.com Mobile Trading Apps category.
| Feature |
FP Markets
|
Exness
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 35 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both FP Markets and Exness provide a range of tools and insights for market research, making them suitable options for traders who value daily updates. FP Markets offers daily market commentary and forex news from top-tier sources like Bloomberg and Reuters. Similarly, Exness provides these features too, ensuring traders stay informed with the latest market happenings. However, FP Markets stands out by providing research tools from Autochartist, which can be a valuable resource for technical analysis, whereas Exness does not include this tool in its offerings. Both brokers offer resources from Trading Central and sentiment-based trading tools, which help traders gauge the market's mood. Additionally, they each offer an economic calendar showcasing current and upcoming global news events.
Despite the similarities, FP Markets has a slight edge in its overall research offerings, reflected in its 4-star rating compared to Exness's 3.5 stars. In rankings conducted by ForexBrokers.com, FP Markets holds the 25th spot out of 63 brokers, while Exness is in 41st place. While neither broker offers insights from TipRanks or tools from Acuity Trading, FP Markets’ combination of various tools and a slightly higher ranking makes it a compelling choice for traders prioritizing comprehensive market research. Nonetheless, with Exness also providing essential tools and daily commentary, it remains a strong contender for traders seeking valuable market insights.
| Feature |
FP Markets
|
Exness
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources offered by FP Markets and Exness, both brokers provide a solid foundation for beginners looking to learn about forex or CFDs trading, offering at least ten educational pieces such as articles, videos, and webinars. However, FP Markets stands out by offering monthly online client webinars, an advantage that Exness does not provide. Both brokers offer a searchable archive of past webinars, ensuring easy access to previous sessions. For beginners, each platform delivers over ten educational videos focusing on fundamental trading topics, making them both useful resources for newcomers.
For those seeking more advanced knowledge, FP Markets again leads with over ten advanced educational videos targeting experienced traders, while Exness lacks this offering. Both brokers cater to learners with an investor dictionary containing definitions of over 50 investing terms, which aids in understanding trading jargon. In terms of ratings, FP Markets is rated 4 stars for education, ranking 23rd out of 63 brokers according to ForexBrokers.com. In contrast, Exness has a slightly lower education rating at 3.5 stars, placing 47th among its peers. Overall, FP Markets offers more comprehensive educational tools and resources for both beginners and more advanced traders.
| Feature |
FP Markets
|
Exness
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FP Markets is better than Exness. FP Markets finished with an overall rank of #19, while Exness finished with an overall rank of #43.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
|
Exness
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 89 | 81 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
FP Markets and Exness both do not offer the ability to buy actual (delivered) cryptocurrencies, but they do provide options to buy cryptocurrency derivatives.
Both FP Markets and Exness support Skrill, Visa/Mastercard, and bank wires for account fund transactions, but FP Markets also supports PayPal, whereas neither broker offers ACH or SEPA transfers.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
Select Brokers
↓×Compare
0 of 5| Overall Rating | FP Markets | Exness | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 89 | 81 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Exness Review |
| Broker Screenshots | FP Markets | Exness | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | FP Markets | Exness | |
|---|---|---|---|
| Trust Score | 89 | 81 | |
| Year Founded | 2005 | 2008 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 3 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | Exness | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FP Markets | Exness | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | Yes | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | Yes |
| Investments | FP Markets | Exness | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 227 | |
| Forex Pairs (Total) | 71 | 96 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | FP Markets | Exness | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.7 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | Exness | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $10 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | FP Markets | Exness | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | Exness | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 107 | |
| Charting - Drawing Tools (Total) | 17 | 87 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | Exness | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 35 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FP Markets | Exness | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | Exness | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FP Markets | Exness | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | FP Markets Review | Exness Review |
| Overall | FP Markets | Exness | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 89 | 81 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Exness Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill