Exness vs Firstrade

Exness vs Firstrade Comparison Table 2023
Exness Review 2023 Firstrade Review 2023
4.2
4

Firstrade is #23 in our broker rankings.

United States Flag Traders from US not accepted
United States Flag Traders from US accepted

Exness is a Cyprus-based forex and CFD brokerage established in 2008. With over 260,000 clients, several awards and reputable licensing, the broker is a respected global brand. Traders can access the popular MT4 and MT5 platforms, raw spreads and multiple account types.

Firstrade is a US-headquartered discount broker-dealer with authorization from the SEC. The company is also a member of FINRA/SIPC. With welcome bonuses, powerful tools and apps, plus commission-free trading, Firstrade Securities is a popular online brokerage. It is also quick and easy to open a new account.

Bonus Offer
Deposit Bonus Up To $4000
Promotions

Get $200 In Transfer Fee Rebates When You Switch To Firstrade

Comment by Reviewer
"Exness is an accessible broker for all experience levels, though beginners will appreciate the low entry requirements, social trading and round-the-clock support." "We recommend Firstrade for beginner investors looking to trade US stocks with no commissions. There is a wealth of free education plus premium-quality research and trading ideas from Morningstar, Briefing.com, Zacks and Benzinga."
Pros
  • Accessible for beginners with low minimum deposits from $10 and flexible payment methods
  • Social trading features plus comprehensive education covering a good selection of topics and markets
  • A range of account types for all experience levels and requirements, including Cent, Pro and Raw spread solutions
  • Top-tier licensing with the FCA and CySEC and strong reputation with over 10 years in business
  • First brokerage to pass the $1 trillion and $2 trillion marks in monthly trading volumes
  • Highly competitive spreads from 0.1 pips and low commissions from $3.50 per side
  • 24/7 multilingual customer support via telephone and email
  • Local payments plus deposits in BTC and USDT
  • SIPC member
  • Low OTC fees
  • Crypto trading
  • Premarket trading
  • Accepts US traders
  • No minimum deposit
  • Commission-free investing
  • Regulated by SEC and FINRA
  • Multiple customer support options
  • Access to education, research, and tools
  • Stop limit and trailing stop orders supported
  • Mobile app with advanced features and analysis
Cons
  • No live chat support
  • No bonus deals or promotions
  • Country restrictions including the USA
  • No copy trading
  • Some withdrawal fees
  • No 24/7 customer support
  • No forex or futures trading
  • No demo/paper trading account
  • Visa Credit/debit card deposits and withdrawals not accepted
Awards
  • Most People-Centric Broker at Traders Summit 2022
  • Global Broker of the Year at Traders Summit 2022
  • Best Customer Support Award at Financial Markets Expo Cairo 2021
  • Premium Loyalty Program Award at Financial Markets Expo Cairo 2021
  • Most Innovative Broker at Dubai Expo 2021
  • Best for ETF & Active Investor Commission & Fees - 2019
Instruments
Forex, metals, cryptocurrencies, energies, indices, stocks Stocks, ETFs, Options, Mutual Funds, Bonds, Cryptos, Fixed
Demo Account
Yes No
Minimum Deposit
$10 $0
Trading Platforms
  • MT4
  • MT5
  • TradingCentral
  • Own
Payment Methods
Minimum Trade
Variable $1
Regulator
FSA, CySEC, FCA, FSCA, FSC, CBCS SEC, FINRA
Margin Trading
Yes Yes
Margin Rate
4.50%
STP Account
No No
ECN Account
Yes No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No Yes
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
Yes (iOS & Android) iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
Yes No
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No Yes
Guaranteed Stop Loss
No No
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • INR
  • JPY
  • ZAR
  • MYR
  • IDR
  • DKK
  • CHF
  • HKD
  • SGD
  • AED
  • SAR
  • HUF
  • NGN
  • THB
  • VND
  • UAH
  • USD
Stock Exchanges
Commodities
CFD Trading
Access up to 1:200 leverage on CFDs with fast platform execution. It is easy for new traders to get started with a low deposit of $10, plus helpful education guides via the Exness Academy. CFD trading not offered
Leverage
1:2000
FTSE Spread
Floating
GBPUSD Spread
Floating
Oil Spread
Floating
Stocks Spread
Floating
Forex Trading
An impressive range of around 100 forex pairs are available with tight spreads from 0.1 pips. Choose between the advanced MT4 and MT5 platforms to access a suite of forex analysis tools. Forex trading not offered
GBPUSD Spread
Floating
EURUSD Spread
Floating
EURGBP Spread
Floating
Assets
97
Cryptocurrency
With over 30 cryptos on offer, traders have plenty of opportunities to access the digital asset market via desktop or mobile apps. Crypto deposits are also available making funding and trading seamless. Take positions on dozens of leading cryptocurrencies with low fees and 24/7 investing. Traders need just $1 to start speculating on popular tokens like Bitcoin. Clients can also buy cryptos instantly in a few straightforward steps.
Spread
Floating Variable
Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • BCH
  • SOL
  • SNX
  • UNI
  • BAT
  • DOT
  • XTZ
  • ADA
  • BNB
  • ENJ
  • FIL
  • DOGE
  • COMP
  • THETA
  • AAVE
  • LINK
  • IOST
  • CAKE
  • MATIC
  • HT
  • MANA
  • HBAR
  • INCH
  • ALGO
  • AVAX
  • BAT
  • BTC
  • BCH
  • ADA
  • LINK
  • ATOM
  • CRO
  • CRV
  • MANA
  • DOGE
  • ETH
  • ETC
  • FTM
  • LTC
  • LRC
  • MATIC
  • REN
  • SHIB
  • SOL
  • XLM
  • SUSHI
  • GRT
  • UNI
  • YFI
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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