Selecting the right broker is crucial for traders, as it directly impacts their costs, trading experience, and overall success. FBS and Exness are two well-established brokers offering unique features tailored to different trader needs. Below is a detailed breakdown of their services, highlighting key differences and similarities.
Overview of FBS and Exness
FBS was established in 2009 and operates globally, providing services to traders in over 150 countries. Its platform is designed to cater to beginners and professionals alike, offering low initial deposits and straightforward account structures. Exness, founded in 2008, is a well-established broker known for its robust infrastructure, catering to high-volume traders and institutional clients. With operations in more than 100 countries, Exness processes over $4 trillion in monthly trading volume, reflecting its focus on scalability and performance.
| Feature | Exness | FBS |
| Year Established | 2008 | 2009 |
| Regulation | Regulated by CySEC, FCA, FSCA, FSA, CMA | Regulated by CySEC, ASIC, IFSC, FSCA |
| Headquarters | Limassol, Cyprus | Belize |
| Active Clients | 700,000+ monthly | Over 23 million globally |
| Monthly Trading Volume | $4+ trillion | $400 billion |
Account Types
Both brokers provide diverse account options to accommodate traders with varying experience levels and strategies.
FBS Account Types
- Cent Account: Designed for beginners, it allows trading with a minimum deposit of $1, offering low-risk opportunities to learn and test strategies.
- Standard Account: Suitable for intermediate traders, this account features tighter spreads and requires a minimum deposit of $100.
- ECN Account: For professionals, this account provides raw spreads with commissions, requiring a $1,000 minimum deposit.
- Crypto Account: Focused on cryptocurrency trading, this account supports a variety of digital assets.
Exness Account Types
- Standard Cent Account: Ideal for micro-trading, it has a minimum deposit of $1, offering accessible entry for all traders.
- Standard Account: Similar to the FBS Standard Account but with lower spreads starting at 0.3 pips.
- Raw Spread Account: Offers 0.0 pips on major pairs, making it suitable for scalping and high-frequency trading.
- Zero Account: Features zero spreads on select instruments with a variable commission.
- Pro Account: Designed for institutional traders, it prioritizes high liquidity and fast execution.
| Account Type | Exness | FBS |
| Standard | No minimum deposit, spread from 0.3 pips | Minimum deposit $100, spread from 1.1 pips |
| Cent Account | Available, micro-lot trading enabled | Available, micro-lot trading enabled |
| Zero Spread | Spread starts at 0.0 pips, commission-based | Spread starts at 0.0 pips, commission-based |
| Pro Account | No commission, raw spreads | Offered with raw spreads, commission applies |
| Leverage | Up to 1:Unlimited | Up to 1:3000 |
| Swap-Free Options | Available | Available |
Regulation and Security
Both brokers adhere to strict regulatory standards to ensure a safe trading environment.
FBS Regulation
- Regulated by CySEC in Europe, ASIC in Australia, and IFSC in Belize.
- Offers segregated accounts to protect client funds.
- Provides negative balance protection to limit trader losses.
Exness Regulation
- Operates under FCA in the UK, CySEC in Europe, and FSCA in South Africa.
- Maintains segregated accounts and enforces robust compliance measures.
- Provides negative balance protection across all account types.
Trading Platforms
Both FBS and Exness offer access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the industry standard for forex trading. However, each broker provides additional platform-specific features to enhance the trading experience.
FBS Platforms
- MetaTrader 4 and 5: Equipped with advanced charting tools, multiple indicators, and support for automated trading.
- FBS Trader App: A mobile platform designed for on-the-go trading, offering a simplified interface.
- CopyTrade: Allows users to copy the trades of successful traders, making it appealing for beginners.
Exness Platforms
- MetaTrader 4 and 5: Fully integrated with advanced tools for algorithmic trading and technical analysis.
- Exness Terminal: A proprietary web-based platform offering enhanced analytics and a user-friendly interface.
- Exness Social Trading: Enables traders to replicate strategies of top-performing traders.
| Platform Features | Exness MT4/MT5 | FBS MT4/MT5 |
| Execution Speed | Ultra-fast, orders in milliseconds | Fast, but variable during peak hours |
| Order Types | Market, pending, limit, stop orders | Market, pending, limit, stop orders |
| Technical Indicators | 30+ built-in, customizable | 30+ built-in, customizable |
| Algo-Trading | Fully supported (EA compatibility) | Fully supported (EA compatibility) |
| Mobile App | Exness Trader App | FBS Trader App |
Trading Conditions
Trading conditions, including leverage, spreads, and execution speed, are critical factors when choosing a broker.
FBS Trading Conditions
- Leverage: Offers leverage up to 1:3000, making it appealing for high-risk traders.
- Spreads: Start from 0.5 pips on standard accounts, with raw spreads available on ECN accounts.
- Execution Speed: Trades are executed within 50 milliseconds, ensuring timely order fulfillment.
Exness Trading Conditions
- Leverage: Provides leverage up to 1:Unlimited, catering to traders with diverse risk appetites.
- Spreads: Start from 0.3 pips on standard accounts and reach 0.0 pips on Raw Spread accounts.
- Execution Speed: Known for its ultra-fast execution, averaging less than 25 milliseconds.
Scalping and High-Frequency Trading: FBS vs Exness
Scalping and high-frequency trading are popular strategies among forex traders who capitalize on small price movements. Both FBS and Exness cater to these strategies, but their conditions differ. Exness stands out with its ultra-low latency and execution speeds under 25 milliseconds, making it an ideal choice for scalpers who require precision and minimal slippage. FBS, while offering competitive speeds, provides leverage of up to 1:3000, appealing to those who want to amplify their positions but with slightly higher execution times.
Range of Instruments
Both brokers offer a diverse selection of trading instruments, but Exness provides broader access in certain categories.
FBS Instruments
- 40+ forex pairs, including major, minor, and exotic pairs.
- Commodities like gold, silver, and oil.
- Cryptocurrencies, with 35+ digital assets available for trading.
- Indices and stocks, focused on major markets.
Exness Instruments
- Over 100 forex pairs, covering a wider range of exotic currencies.
- Commodities such as precious metals and energies.
- A more extensive cryptocurrency offering, with 100+ assets available.
- Indices and stock CFDs, catering to equity-focused traders.
Deposit and Withdrawal Options
Both brokers prioritize ease of deposits and withdrawals, but their approaches differ in speed and cost.
FBS Deposits and Withdrawals
- Supports bank transfers, credit cards, and e-wallets like Skrill and Neteller.
- Withdrawals are processed within 24–48 hours.
- Fees may apply depending on the payment method used.
Exness Deposits and Withdrawals
- Offers a broader range of options, including cryptocurrencies in addition to bank transfers and e-wallets.
- Most withdrawals are processed instantly, providing unmatched convenience.
- No fees are charged for deposits or withdrawals, though third-party fees may apply.
Education and Training Resources for Beginners
For beginner traders, education plays a crucial role in achieving long-term success. FBS excels in this area, offering extensive tutorials, webinars, and market analysis aimed at new traders. Its CopyTrade feature is particularly useful for learning by observing experienced traders. Exness, while focused more on professional tools, provides in-depth guides, calculators, and market insights that cater to traders transitioning from beginner to intermediate levels. This makes both brokers strong choices, depending on the trader’s educational needs.
Customer Support
Both brokers provide comprehensive customer support, but their accessibility and features vary slightly.
FBS Support
- Available 24/7 through live chat, email, and phone.
- Supports 20+ languages to cater to its diverse client base.
- Educational resources are extensive, making it a strong choice for beginners.
Exness Support
- Also available 24/7 with multilingual options, supporting 15+ languages.
- Offers prompt assistance via live chat, email, and phone.
- Advanced analytics and tools are prioritized for experienced traders.
Choosing the Right Broker
The decision between FBS and Exness depends on individual trading goals and preferences.
- FBS is well-suited for beginners and traders seeking high leverage, thanks to its user-friendly platforms and educational resources.
- Exness appeals to experienced traders and institutions with its low costs, fast execution, and broad instrument range.
Summary
| Category | Winner |
| Regulation and Trust | Exness (broader global regulatory footprint) |
| Trading Costs | Exness (lower spreads and fees) |
| Instrument Variety | Exness (more diverse offerings) |
| Customer Support | Exness (24/7 support in more languages) |
| Accessibility | FBS (better for small initial deposits) |
| Bonuses | FBS (frequent promotions) |
Both brokers offer strong platforms and services, but Exness stands out in terms of cost-efficiency, regulatory compliance, and advanced trading conditions. Conversely, FBS is a solid choice for traders seeking bonuses and user-friendly features for beginners.
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FAQ
Which broker offers better conditions for scalping?
Exness is better suited for scalping due to its ultra-low latency and execution speeds under 25 milliseconds, minimizing slippage.
