Written by ForexBrokers.com
In this head to head comparison of Exness vs TopFX, 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, established in 2008, and TopFX, founded in 2010, are online brokers that operate without being publicly traded or functioning as banks. In terms of regulatory compliance, Exness holds a notable position with two Tier-1 licenses and three Tier-2 licenses. This regulatory backing contributes to Exness receiving a Trust Score of 81 out of 99 from ForexBrokers.com, categorizing it as a trusted broker in the industry.
Conversely, TopFX holds one Tier-1 license with no Tier-2 licenses and has a Trust Score of 67, which places it in the high-risk category according to ForexBrokers.com. This information highlights significant differences in the regulatory framework and perceived trustworthiness between the two brokers, making Exness appear more favorable for traders seeking a regulated environment.
| Feature |
Exness
|
TopFX
|
|---|---|---|
| Year Founded | 2008 | 2010 |
| 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 evaluating the commissions and fees of Exness and TopFX, it is clear that both brokers offer competitive options for traders, albeit with distinct differences in their offerings. Exness provides a wide array of account types, including two standard accounts (Standard Cent and Standard) and three professional ones (Pro, Zero Spread, and Raw). The trading costs depend largely on the selected account, with the commission-based Zero Spread and Raw accounts offering lower spreads but involving per-trade charges. For instance, the Zero Spread account charges $0.05 per trade, whereas the Raw account can incur up to $7 per round turn. Each account type at Exness leverages market execution, except the Pro account, which uniquely allows switching between instant and market executions. Exness garners a 4-star rating for its commissions and fees and holds the #35 ranking out of 63 brokers as per ForexBrokers.com.
Conversely, TopFX simplifies its offerings with two main account types: the commission-free ZERO account and the commission-based RAW account. The RAW account comes with a commission of 2.75 EUR per side, translating to 5.50 EUR per round turn per standard lot. This account typically sees average spreads of 0.33 pips for the EUR/USD, which, when combined with the commission, amounts to an all-in cost of roughly 0.88 pips. The ZERO account, while free of commission charges, features higher average spreads, reported at 1.03 pips for the EUR/USD in mid-2024. Like Exness, TopFX receives a 4-star rating regarding its commission structure but is ranked slightly lower, at #40, out of 63 brokers by ForexBrokers.com.
In summary, both Exness and TopFX offer a variety of account types that cater to different trading preferences, with Exness standing out for its flexible execution methods and TopFX for its streamlined account options. Both brokers maintain industry-standard pricing in terms of commissions and fees, each earning a respectable 4-star rating, though Exness ranks slightly higher in their category comparison.
| Feature |
Exness
|
TopFX
|
|---|---|---|
| Minimum Deposit | $10 | Depends on payment method |
| Average Spread EUR/USD - Standard | N/A | 1.03 |
| All-in Cost EUR/USD - Active | N/A | 0.88 |
| 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 investment options available through Exness and TopFX, both brokers offer forex trading through CFDs and spot contracts. Exness provides 227 tradeable symbols, while TopFX offers a larger selection with 655 symbols. If your primary interest is in forex pairs, Exness outshines TopFX with 96 available pairs compared to TopFX's 60. However, neither broker supports exchange-traded securities on either U.S. or international exchanges, meaning you won't be able to purchase individual stocks like Apple or Vodafone directly. Both Exness and TopFX allow for copy trading and offer cryptocurrency derivatives, although purchasing actual cryptocurrencies is not an option with either broker.
In terms of user ratings and rankings, both Exness and TopFX receive a 3.5-star rating for their range of investments. However, a closer look at ForexBrokers.com rankings reveals that TopFX is slightly ahead, securing the 46th spot out of 63 brokers in the Range of Investments category, compared to Exness's position at number 55. This data suggests that while the two brokers are quite similar in many respects, TopFX may have a slight edge when it comes to the breadth of investment options. Despite these nuances, potential investors should carefully consider their specific trading needs and preferences before choosing between these platforms.
| Feature |
Exness
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 227 | 655 |
| Forex Pairs (Total) | 96 | 60 |
| 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.
Exness and TopFX both provide traders with essential tools, but there are key differences in their offerings. Both brokers offer a demo account, allowing users to practice trading without risk. Exness stands out with its proprietary trading platform, while TopFX does not have an in-house platform. Both brokers offer platforms compatible with Windows and web browsers, making them accessible from multiple devices. Additionally, both Exness and TopFX support copy trading along with the popular MetaTrader 4 platform. However, Exness goes a step further by also offering MetaTrader 5, which TopFX lacks.
For traders who rely heavily on charting, Exness offers an impressive 87 drawing tools compared to TopFX's 15, although the number of technical indicators for both remains undisclosed. Both brokers allow direct trading from stock charts and provide watch lists with seven columns each. Despite having similar features and each earning a 4-star rating for Trading Platforms and Tools, there is a significant difference in their rankings by ForexBrokers.com. Exness ranks 26th out of 63 brokers, whereas TopFX ranks 45th, making Exness a slightly more favorable choice for trading platforms and tools.
| Feature |
Exness
|
TopFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 107 | 30 |
| Charting - Drawing Tools (Total) | 87 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Exness and TopFX offer comprehensive mobile trading apps compatible with iPhone and Android devices. They feature essential tools like stock and forex price alerts, the ability to manage real-time watchlists, and the capability to draw trendlines on charts. However, a distinguishing factor is the advanced charting tools; Exness provides 35 technical studies, slightly more than TopFX, which offers 30. Although both apps support multiple time frames, only TopFX auto-saves chart drawings, offering added convenience for users who frequently analyze charts.
Despite both platforms earning a solid four-star rating for their mobile trading applications, Exness holds a higher position in the ForexBrokers.com rankings, coming in at 26 out of 63 brokers compared to TopFX at 51. Introducing features like watchlist symbol syncing and auto-saving of drawings could further enhance the app experience for traders on either platform. Ultimately, both brokers deliver reliable trading apps that cater well to mobile traders, with Exness slightly edging ahead in features and ranking.
| Feature |
Exness
|
TopFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 35 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Exness and TopFX in terms of market research, Exness stands out by offering daily market commentary, a feature that TopFX does not provide. Both platforms offer forex news from top-tier sources like Bloomberg and Reuters, ensuring traders have access to reliable information. However, while Exness provides tools from Trading Central, TopFX enhances its offering with technical analysis tools from Autochartist. Both brokers offer sentiment-based trading tools that show ratios of long or short positions, and feature an economic calendar to track global news events.
Despite some similarities, these differences highlight Exness as a slightly more research-equipped platform, with a rating of 3.5 stars compared to TopFX's 3 stars. Moreover, in the Research category ranking by ForexBrokers.com, Exness places at #41 out of 63 brokers, outperforming TopFX, which ranks at #60. These factors make Exness a more appealing choice for traders seeking in-depth market analysis.
| Feature |
Exness
|
TopFX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| 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.
Exness emerges as a more beginner-friendly online broker when it comes to educational resources compared to TopFX. Exness offers a substantial library of over ten educational pieces, including articles and videos primarily centered around forex and CFDs. They also provide access to a searchable archive of previously recorded client webinars, which is a handy resource for those looking to learn at their own pace. For beginners, Exness offers at least ten beginner-focused educational videos, making it easier for new traders to get started. Additionally, Exness provides an investor dictionary with over 50 investment terms, ensuring that learners can grasp the essential terminology used in trading.
On the other hand, TopFX falls short in several areas. While they do not meet the ten educational pieces criteria, they also lack a searchable archive of webinars and fail to offer the same volume of beginner educational videos as Exness. TopFX does not provide an investor dictionary, which might limit the learning experience for traders new to the forex and CFDs world. When rated on educational offerings, Exness receives a slightly higher rating of 3.5 stars compared to TopFX's 3 stars. According to ForexBrokers.com, Exness ranks at #47 out of 63 brokers for education, whereas TopFX is placed lower at #61, highlighting Exness's edge in educational resources for beginners.
| Feature |
Exness
|
TopFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| 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 TopFX. Exness finished with an overall rank of #43, while TopFX finished with an overall rank of #62.
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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TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 81 | 67 |
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Both Exness and TopFX do not allow the purchase of actual cryptocurrencies, offering instead the ability to trade cryptocurrency derivatives.
Exness and TopFX both support Skrill, Visa, Mastercard, and bank wire transactions, but only TopFX offers the option to deposit or withdraw funds using PayPal, while neither broker supports 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.
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0 of 5| Overall Rating | Exness | TopFX | |
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| Trust Score | 81 | 67 | |
| Winner | check_circle | ||
| Review | Exness Review | TopFX Review |
| Broker Screenshots | Exness | TopFX | |
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| Regulation | Exness | TopFX | |
|---|---|---|---|
| Trust Score | 81 | 67 | |
| Year Founded | 2008 | 2010 | |
| 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 | TopFX | |
|---|---|---|---|
| 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 | No | |
| 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 | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 227 | 655 | |
| Forex Pairs (Total) | 96 | 60 | |
| 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 | Exness | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.03 | |
| All-in Cost EUR/USD - Active | N/A | 0.88 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Exness | TopFX | |
|---|---|---|---|
| Minimum Deposit | $10 | Depends on payment method | |
| 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 | TopFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Exness | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 107 | 30 | |
| Charting - Drawing Tools (Total) | 87 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Exness | TopFX | |
|---|---|---|---|
| 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 | 35 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Exness | TopFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Exness | TopFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Exness | TopFX | |
|---|---|---|---|
| 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 | TopFX Review |
| Overall | Exness | TopFX | |
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| Trust Score | 81 | 67 | |
| Winner | check_circle | ||
| Review | Exness Review | TopFX Review |
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