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.
|#||Broker's Features||EXNESS Availability||FBS Availability|
|#||Accepts US traders||❌||❌|
|#||24 hour trading||✔||✔|
|#||Trading by phone||❌||✔|
|#||1st deposit bonus||❌||❌|
|#||Forex contests competitions||✔||✔|
|#||Interest charges on the balance||❌||❌|
|#||24 hour support||✔||✔|
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare Exness vs Fbs.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Exness offers Online Financial Trading and Investment Services Such as CFDs on metals, cryptocurrencies, while Fbs offers Currencies, Stocks.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. Exness is ECN, Market Maker, NDD, while Fbs is ECN, No dealing desk, STP.
Minimum Deposit Requirement: To compare these two FX brokers, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Exness recommended minimum capital is 1, while Fbs has a Minimum Deposit Requirement of 1.
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Exness is regulated by CySEC, FCA, while Fbs regulated by CySEC, IFSC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Account currencies: Next lets consider the Account currencies each broker offers. Exness offers More than 80, including EUR, USD, GBP. Free metal- different account currencies for each account types, while Fbs offers EUR, USD, THB account currencies.
Languages Available: Next lets have a look at each broker's different Language options. Exness offers English, Chinese, Russian, French, Thai, Indonesia, while Fbs offers English, Indonesian, Malay, Chinese, Japanese, Kor Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. Exness offers Credit Card, Local Transfer, Neteller, Skrill, Wire Transfer different payment methods for each account types, while Fbs offers Visa/Mastercard, Wire Transfer, Neteller, Skrill, WebMoney, Perfect Money, OKPay, Fasapay; Local Indonesian banks: Bank Central Asia, Mandiri, Bank Ne payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Exness makes MetaTrader 4, MetaTrader 5 available to clients, while Fbs offers MetaTrader 4, MetaTrader 5.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, Fbs is more reliable based on our criteria above. Only Fbs provides training and education resources which is extremely critical to beginner traders who may not be familiar with most of what goes on in the Forex markets.
Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.