Written by ForexBrokers.com
In this head to head comparison of Exness vs iFOREX, 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.
Exness and iFOREX are well-known online brokers, each with its own strengths. Founded in 2008, Exness holds 2 Tier-1 licenses, which are deemed highly trustworthy by ForexBrokers.com. Alongside these, Exness has 3 Tier-2 licenses, contributing to its commendable Trust Score of 81 out of 99, signifying a trusted status. Unlike publicly traded companies or banks, Exness prioritizes delivering a reliable trading experience backed by stringent regulations.
Established in 1996, iFOREX also operates a non-bank, privately run platform. It holds 1 Tier-1 license, reflecting a respectable level of trust, and carries a Trust Score of 75, suggesting an average risk according to ForexBrokers.com. Although it lacks Tier-2 licenses, iFOREX continues to stand as a long-established entity in the trading market, appealing to users seeking alternative options in the financial landscape.
| Feature |
Exness
|
iFOREX
|
|---|---|---|
| Year Founded | 2008 | 1996 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When comparing Exness and iFOREX in terms of commissions and fees, Exness offers a variety of options depending on the account type you select. With five main accounts, including two standard and three professional options, Exness provides flexibility to cater to different trading preferences. The trading costs with Exness are influenced by whether your account is commission-based or commission-free; commission-based accounts tend to have lower spreads. The Standard Cent and Standard accounts offer market execution with differing spreads and margin stop-out levels. The Pro account stands out with even lower spreads and gives traders the option of both instant and market execution. For those seeking the narrowest spreads, the Zero Spread and Raw accounts offer competitive rates with specific per-trade commissions.
In contrast, iFOREX does not provide average spread data, making a direct comparison somewhat challenging. While Exness gives traders a clearer picture of costs, thanks to their detailed account types and execution methods, iFOREX remains less transparent in this area. iFOREX aims to cater to traders without disclosing specific spread ranges, which might appeal to traders who prioritize other features over cost transparency.
Regarding their overall standing in the industry, Exness is rated 4 stars out of 5 for commissions and fees, with a ranking of #35 out of 63 brokers according to ForexBrokers.com. On the other hand, iFOREX has a lower rating of 3 stars and holds the #61 position. This rating and ranking suggest that Exness offers a slightly more favorable platform for traders who are keen to understand their cost structure and prefer various trading account options.
| Feature |
Exness
|
iFOREX
|
|---|---|---|
| Minimum Deposit | $10 | $100 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| 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 the range of investments between Exness and iFOREX, both brokers offer forex trading through CFDs or spot contracts, providing a versatile trading experience. Exness impresses with its offering of 96 tradeable forex pairs, slightly edging out iFOREX’s 88 pairs. However, iFOREX boasts a significantly higher number of total tradeable symbols at 750 compared to Exness’s 227. Both brokers do not offer exchange-traded securities on U.S. or international exchanges, meaning you cannot buy shares like Apple or Vodafone directly.
In terms of investment features, Exness extends the advantage with its copy trading option, a feature not available with iFOREX. When it comes to cryptocurrency, both brokers provide access to cryptocurrency derivatives, although neither offers the ability to purchase actual delivered cryptocurrencies. Despite these offerings, each broker earns a 3.5-star rating for their range of investments. It’s also notable that ForexBrokers.com ranks Exness at #55 and iFOREX at #41 out of 63 brokers in the Range of Investments category, indicating iFOREX's broader offering appeal.
| Feature |
Exness
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 227 | 750 |
| Forex Pairs (Total) | 96 | 88 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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 it comes to comparing the trading platforms and tools of online brokers Exness and iFOREX, both offer appealing options, yet there are significant differences. Exness provides a more versatile experience with its proprietary platform available for Windows desktop download, alongside web-based access. In contrast, iFOREX only offers a web-based platform. For traders interested in simulated trading, Exness offers a free virtual demo account, which iFOREX does not. Additionally, Exness supports widely-used platforms MetaTrader 4 and MetaTrader 5, while iFOREX does not support either. Both brokers offer the ability to trade directly from stock charts, but Exness enhances your charting options with 87 drawing tools compared to the 25 available at iFOREX.
Copy trading is another feature that sets Exness apart, as iFOREX does not offer this feature. When it comes to structuring a watch list, iFOREX allows for slightly more customization with 9 columns compared to Exness's 7. Despite these differences, both brokers have been rated four out of five stars for their trading platforms and tools; however, Exness outranks iFOREX substantially, coming in at 26th place out of 63 brokers surveyed by ForexBrokers.com, whereas iFOREX ranks 54th. This higher ranking reflects Exness's broader range of trading tools and customizability, making it an attractive choice for those seeking diverse trading features.
| Feature |
Exness
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 107 | 57 |
| Charting - Drawing Tools (Total) | 87 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Exness and iFOREX both provide mobile trading apps available for iPhone and Android devices, making it easy for users to conduct trades on the go. However, Exness stands out with its feature offerings, including stock and forex price alerts, 35 technical studies for charting, and the ability to draw trendlines on charts. It also allows users to view different time frames such as daily, weekly, or intraday for more flexibility. Additionally, Exness supports creating watchlists with real-time quotes, which is not an option with iFOREX's app.
Despite both apps not supporting watchlist symbol syncing or auto-saving drawings on charts, Exness is ranked #26 out of 63 brokers in the Mobile Trading Apps category by ForexBrokers.com, compared to iFOREX's ranking of #55. Both apps share a user rating of four out of five stars, yet Exness's additional trading features and higher ranking suggest a more comprehensive trading experience for mobile users.
| Feature |
Exness
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 35 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of Exness and iFOREX, both brokers provide daily market commentary, ensuring traders stay informed on daily market movements. Exness has an edge in delivering forex news, drawing information from top-tier sources like Bloomberg and Reuters, which iFOREX does not offer. Both brokers support their users with technical analysis tools from Trading Central and provide sentiment-based trading tools. They feature economic calendars to keep track of global news events, keeping traders aware of market opportunities.
Despite their similarities, Exness ranks ahead of iFOREX in the ForexBrokers.com Research category, although both brokers share a 3.5-star research rating. Neither Exness nor iFOREX offers tools or insights from firms like Autochartist, TipRanks, or Acuity Trading, which might limit some traders looking for additional research functionalities. Overall, Exness is slightly ahead in terms of news coverage, while both brokers provide essential tools and commentary suited for market analysis.
| Feature |
Exness
|
iFOREX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | 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 it comes to educational resources for beginners, Exness offers a more comprehensive suite compared to iFOREX. Exness provides a solid foundation for novice traders with a variety of educational materials, including over ten articles, videos, and archived webinars focused on forex and CFDs. This broker also supports beginners with a searchable archive of recorded webinars and an investor dictionary with more than 50 essential trading terms. While Exness doesn't host monthly webinars or offer advanced educational videos, it still earns a respectable 3.5-star rating for its educational offerings and ranks 47th among 63 brokers in this category according to ForexBrokers.com.
On the other hand, iFOREX falls short in certain educational aspects but matches Exness in the availability of beginner trading videos. However, iFOREX lacks a sufficient quantity of educational pieces focused on forex and CFDs and does not provide a searchable archive of webinars or an investor dictionary with numerous terms. Despite these gaps, iFOREX still manages to achieve the same 3.5-star rating for education, though it ranks slightly lower at 53rd place among 63 brokers for its educational resources. This comparison highlights that while both brokers are equally rated, Exness presents a more beginner-friendly educational environment than iFOREX.
| Feature |
Exness
|
iFOREX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Exness is better than iFOREX. Exness finished with an overall rank of #43, while iFOREX finished with an overall rank of #52.
Exness is a MetaTrader-only broker regulated in the EU offering multiple account types and forex pairs, but its offering lacks the range of CFDs forex brokers typically offer.
| Feature |
Exness
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iFOREX
|
|---|---|---|
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| Trust Score | 81 | 75 |
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Both Exness and iFOREX do not provide the option to buy actual (delivered) cryptocurrency, but they both offer the ability to trade cryptocurrency derivatives instead.
When comparing the online brokers Exness and iFOREX, it's notable that while neither platform supports ACH or SEPA transfers, only iFOREX offers PayPal for transactions; both brokers accept Skrill, Visa or Mastercard, and bank wires as methods for depositing and withdrawing account funds.
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.
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0 of 5| Overall Rating | Exness | iFOREX | |
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| Trust Score | 81 | 75 | |
| Winner | check_circle | ||
| Review | Exness Review |
| Broker Screenshots | Exness | iFOREX | |
|---|---|---|---|
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| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | Exness | iFOREX | |
|---|---|---|---|
| Trust Score | 81 | 75 | |
| Year Founded | 2008 | 1996 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 3 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | Exness | iFOREX | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | Yes | 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) | Exness | iFOREX | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | Yes | No |
| Investments | Exness | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 227 | 750 | |
| Forex Pairs (Total) | 96 | 88 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Exness | iFOREX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Exness | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $10 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| 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 | Exness | iFOREX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Exness | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 107 | 57 | |
| Charting - Drawing Tools (Total) | 87 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Exness | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 35 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | No |
| Research | Exness | iFOREX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Exness | iFOREX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Exness | iFOREX | |
|---|---|---|---|
| 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 | Exness Review |
| Overall | Exness | iFOREX | |
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| Trust Score | 81 | 75 | |
| Winner | check_circle | ||
| Review | Exness Review |
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