Choosing the right broker is crucial for the success of your trading. The two major participants in the foreign exchange market, Exness and FxPro, offer different distinctive features that attract various traders. Exness is known for its simplicity and low transaction costs, while FxPro offers a more advanced toolkit and a broader asset base. This comparison delves into all key aspects of both brokers, from trading platforms to customer support, so that you can make informed decisions.
Overview: Comparison between Exness and FxPro
When choosing a forex broker, traders will prioritize several factors, including platform usability, trading costs, customer support, and the range of available assets. Exness and FxPro stand out due to their strong reputation in the industry, but each broker has its own unique characteristics.
Exness
Exness has established a good reputation for its easy-to-use interface and competitive spreads. It is often seen as an ideal choice for traders who value low-cost trading and flexibility. This broker has a wide customer base, from beginners to seasoned professionals, thanks to its transparent and easy to navigate features.
FxPro
FxPro is highly praised for providing advanced trading tools and diverse tradable products. This platform is more suitable for experienced traders who value higher customization and faster execution speed. FxPro's assets span across forex, indices, commodities, and stocks, providing a broader range for traders seeking diversification.
| characteristic | Exness | FxPro |
| platform | MT4、MT5、 network terminal | MT4, MT5, cTrader |
| Spread | Starting from 0.1 o'clock | Starting from 0.3 o'clock |
| Leverage ratio | Up to 1:2000 | Up to 1:500 |
| Minimum deposit amount | Starting from 1 US dollar | Starting from $100 |
Account type and minimum deposit amount
The account type and minimum deposit requirement determine the accessibility of the broker. Exness and FxPro both offer options suitable for different levels of trading experience.
Exness account type
Exness offers multiple account types for novice and intermediate traders. Their accounts are designed to be flexible and easy to use.
- Standard account:This type of account is very suitable for beginners, with no commission fees and very low spreads.
- Professional account:To provide more experienced traders with tighter spreads and commission structures to increase flexibility.
- Zero account:This type of account offers zero point difference, but requires payment of commission.
Minimum Deposit:Exness makes it easier to access by offering low deposit requirements, with a standard account starting deposit as low as $1, allowing anyone to start trading.
FxPro account type
FxPro provides more professional accounts for users seeking advanced trading features and platforms.
- MT4/MT5 accounts:These accounts are very suitable for users familiar with the popular Metatrader platform.
- CTrader account:Designed for traders who pursue faster execution speed and more charting tools.
Minimum Deposit:The minimum deposit for FxPro's standard account is $100, which is slightly higher than Exness but still reasonable.
Trading platforms and tools
This platform is where transactions occur, and both Exness and FxPro offer some of the best tools in the market. However, they serve different types of traders.
Exness trading platform
Exness provides traders with all the necessary platforms. Its options are both reliable and highly integrated, allowing anyone to quickly start trading.
- MetaTrader 4 (MT4)A very popular platform with a large user base. Provide advanced charting tools, custom indicators, and automated trading functionality.
- MetaTrader 5 (MT5)The next generation version of MT4 provides more order types, improved charting tools, and a wider range of trading time frames.
- Exness network terminal:A lightweight option to quickly access your trading account without downloading anything.
FxPro trading platform
FxPro offers a more diverse platform selection, suitable for both beginners and advanced traders. This diversity allows traders to make choices based on their preferences.
- MetaTrader 4 (MT4)It is popular among traders due to its stability and advanced features.
- MetaTrader 5 (MT5)Provides all the features of MT4 and adds more tools and improved chart functionality.
- cTrader:The prominent platform here. It is fast, intuitive, and very suitable for bottom traders and high-frequency traders.
Spread and fees
Transaction costs can significantly affect profitability. Exness and FxPro both offer competitive spreads, but there are significant differences.
Exness Spread
Exness offers tight spreads, with spreads as low as 0.1 points on major currency pairs, making it one of the more affordable brokers.
- Standard account:No commission, very low spreads.
- Professional account:Tighter spreads based on commission.
FxPro spread
The spread of FxPro starts at 0.3 points, which is slightly higher than Exness but still competitive.
- MT4/MT5 accounts:Provide average spreads and obtain tighter execution through commissions.
- CTrader account:Low margin, a handling fee is required.
leverage
Leverage is a powerful tool for traders, allowing them to control larger positions with less capital. Both brokers offer high leverage, but with different levels of leverage.
- Exness leverage:Exness offers leverage up to 1:2000, which is one of the highest levels in the industry. This is very suitable for traders who want to maximize their position size without requiring a large account balance.
- FxPro leverage:FxPro offers a leverage ratio of up to 1:500, which is still high but less than Exness. This level is typical for most brokers.
SUPPORT
Customer support is very important when you need quick help. Exness and FxPro both provide reliable customer service, but there are differences in availability.
Exness support:
- We provide services 24/7 through chat, email, and phone.
- Provide multilingual support for global customers.
- Respond quickly and provide assistance on all channels.
FxPro supports:
- We provide services 24/5 through online chat, email, and phone.
- Provide support for multiple languages, but only on weekdays.
Regulation and Safety
Security and regulation are crucial when choosing a broker. Exness and FxPro are both regulated by respected institutions to ensure the safety of funds.
Exness regulation:
- Exness is regulated by major institutions such as the Financial Conduct Authority (FCA).
- Provide segregated accounts to ensure the security of customer funds.
FxPro regulation:
- FxPro is also regulated by other agencies such as FCA and CySEC.
- Provide a secure trading environment with the same protective measures as Exness.
Trading instruments and assets
Exness and FxPro both offer a variety of trading tools. However, Exness focuses more on forex and commodity trading, while FxPro offers a wider range of market options.
Exness tool:
- Mainly focusing on foreign exchange, commodities, and cryptocurrencies.
- We do not offer stock trading.
FxPro tool:
- A wider range of options, including foreign exchange, stocks, indices, commodities, and cryptocurrencies.
- Provide differential contract services for financial instruments such as stocks.
Deposit and withdrawal methods
Fast and cost-effective deposit and withdrawal is crucial. Both brokers offer multiple options, but Exness has an advantage with its free fee structure.
Exness deposits and withdrawals
- Bank transfers, electronic wallets, credit cards, etc.
- Most ways are free.
FxPro deposits and withdrawals
- Support bank transfers, electronic wallets, and credit cards.
- Withdrawals may incur a small fee, especially when using a credit card.
Education and Research
For traders who wish to improve their skills, educational resources and research tools are essential. Exness provides more comprehensive learning materials compared to FxPro.
Exness Education:
- Video tutorials, guides, and webinars.
- Free trading courses and in-depth materials.
FxPro Education:
- Articles, market analysis, and trading guides.
- Although not as comprehensive as Exness, it is still useful for basic knowledge.
Last Thoughts
Both brokers provide reliable services, but which one is more suitable for you depends on your trading style. If you are looking for low fees and high leverage, Exness may be a better choice. However, if you want a wider range of assets and more advanced tools, FxPro has advantages.
Ultimately, Exness is the preferred choice for those who are just starting out or prefer simplicity and cost-effectiveness. FxPro is suitable for experienced traders seeking speed, accuracy, and diversity of trading tools.
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frequently asked questions
Which broker offers lower spreads?
Exness offers more compact spreads starting from 0.1 points, which is more cost-effective for many traders.
