Exness is a Cyprus-based forex and CFD brokerage established in 2008. With over 260,000 clients, several awards and reputable licensing, the broker has maintained its position as a highly respected global brand. Active day traders can access the popular MT4 and MT5 platforms, raw spreads and multiple account types.
Established in 2013, Luno has a mission to make crypto investments simple and accessible for all. The brand has a customer base of 9+ million across 43 countries. Trading fees are competitive, with no market maker charges and access to popular tokens like Bitcoin.
"Exness remains an accessible broker for all experience levels, though experienced day traders will particularly appreciate the ultra-low commission rates, fast withdrawals and high-quality charting software."
"Luno will appeal to beginners looking to trade popular cryptocurrencies on a user-friendly mobile app and web platform."
The broker is accessible for beginners with low minimum deposits from $10 and flexible payment methods
Experienced strategy providers can open social trading accounts, with monthly commissions up to 50%
There's a strong 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 a strong reputation with over 10 years in business
Exness is the first brokerage to pass the $1 trillion and $2 trillion marks in monthly trading volumes
Highly competitive spreads are available from 0.1 pips and low commissions from $3.50 per side
There's excellent 24/7 multilingual customer support via telephone, email and live chat
Local payments are available, plus deposits in BTC and USDT
Unlike many other brands, Exness doesn't charge any account maintenance or inactivity fees
The broker offers fast execution speeds for short-term traders, averaging under 25ms
Instant Trade, savings wallets, and crypto transactions supported
Third-party proof of reserves audits available to view
Transparent fee structure with zero market maker charges
Market news, insights and educational content available
'Deep Freeze' multi-signature wallets to store cryptos
High liquidity and high-speed platform so the spreads are kept low
Simple and easy-to-use interface
There are no promotional deals or loyalty schemes for high-volume day traders
There are several regional restrictions for retail traders including the USA, Europe and the UK
Unlike most competitors, Exness doesn't provide its own education section
Very narrow range of cryptos with up to 11 tokens available that varies by jurisdiction
Poor payment methods with restrictions in some countries
Below average customer support with no live chat or telephone
Limited analysis tools and features for seasoned traders
Not regulated or insured, raising safety concerns
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
Exness offers a selection of CFDs covering forex, stocks, indices, commodities and cryptos, with leverage up to 1:200. Accounts are geared mainly towards experienced day traders, with over 100 technical indicators available in the broker’s proprietary terminal.
CFD trading not offered
An impressive range of around 100 forex pairs are available, more than most other brands. Spreads on major pairs are also tight, from 0.1 pips. Additionally, the broker offers an excellent suite of forex analysis tools, including market news by FXStreet.
Forex trading not offered
There is a small range of popular crypto tokens paired with fiat currencies available, with zero swap fees and no commissions in the Standard account. Trading is available via desktop or mobile apps, and deposits via crypto are also available in some countries.
Luno supports cryptocurrency trading, staking and transferring on major tokens, including Bitcoin, Ethereum, Ripple and Cardano. There are no maker fees and taker fees vary by trading volume starting from 0.10%. 95% of cryptocurrencies are held in 'deep freeze' multi-signature, encrypted wallets.