When choosing the right broker, it can be overwhelming to find one that suits your needs. Two well-known names in the industry are Admiral Markets and Exness. Both offer competitive features, but they cater to different types of traders. In this blog post, we’ll compare Admiral Markets vs Exness in detail to help you decide which broker might be the best fit for your trading goals.
Here’s a simple comparison table between Admiral Markets and Exness quickly you can learn the differences and similarties:
| Feature | Admiral Markets | Exness |
|---|---|---|
| Founded | 2001 | 2008 |
| Regulation | FCA, CySEC, ASIC | FCA, CySEC, FSA |
| Trading Platforms | MT4, MT5, MetaTrader Supreme Edition | MT4, MT5 |
| Minimum Deposit | $100 | $1 (Standard Account) |
| Spreads | From 0.5 pips | From 0.0 pips (Raw Spread Account) |
| Leverage | Up to 1:500 (non-EU) | Up to unlimited (in certain regions) |
| Assets Available | 4,000+ (Forex, stocks, indices, etc.) | 100+ (Forex, commodities, cryptocurrencies) |
| Customer Support | 24/5 (Live chat, phone, email) | 24/7 (Live chat, phone, email) |
| Account Types | Trade.MT4, Zero.MT4, Invest.MT5 | Standard, Raw Spread, Pro |
| Best For | Beginners and diverse asset traders | Experienced forex traders |
Overview of Admiral Markets and Exness
Before diving into specific comparisons, let’s quickly introduce each broker.
Admiral Markets
Admiral Markets, established in 2001, is a global forex and CFD broker. They are well-regulated and known for their strong educational tools and variety of assets. The broker is particularly favored by beginners and intermediate traders due to its user-friendly platforms and comprehensive learning resources.
Exness
Founded in 2008, Exness is also a prominent broker that offers a wide range of financial instruments. Exness has gained popularity for its fast execution speeds, competitive spreads, and superior trading conditions. It’s often preferred by experienced traders who prioritize low trading costs and advanced platforms.
Now that we know a bit about both brokers, let’s dig into the key comparison points.
Regulation and Trustworthiness
One of the first factors to consider when choosing a broker is its regulatory status.
- Admiral Markets: This broker is highly regulated by several authorities, including the UK’s Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC). These regulatory bodies ensure that Admiral Markets adheres to strict financial and operational standards, making it a trusted choice.
- Exness: Exness is also a well-regulated broker. It holds licenses from the FCA and CySEC as well, alongside other regulatory bodies like the Seychelles Financial Services Authority (FSA). However, it’s worth noting that some of Exness’s offerings are through offshore entities, which may not be as strictly regulated as those in the EU or Australia.
Verdict: Both brokers are reputable and regulated, but Admiral Markets has the advantage of being regulated by more Tier-1 authorities.
Trading Platforms
The platform you choose can greatly affect your trading experience.
- Admiral Markets: They offer the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, both available on desktop, web, and mobile. Admiral Markets is known for its seamless integration with these platforms, offering additional tools like the MetaTrader Supreme Edition, which includes advanced charting features and enhanced market analysis tools.
- Exness: Exness also supports MT4 and MT5 across all devices. They provide excellent execution speed and have some of the most competitive spreads in the market. While they don’t have a unique platform, their MT4 and MT5 offerings come with high reliability, especially for experienced traders who rely on fast execution.
Verdict: Both brokers offer similar platforms (MT4/MT5), but Admiral Markets stands out for its added tools and educational features.
Trading Instruments
The variety of assets available is important if you want to diversify your trading portfolio.
- Admiral Markets: This broker offers over 4,000 financial instruments, including forex pairs, stocks, commodities, indices, and cryptocurrencies. The wide range of options is great for traders who want access to global markets without switching brokers.
- Exness: Exness provides over 100 forex pairs, alongside commodities, indices, and cryptocurrencies. While the selection is somewhat limited compared to Admiral Markets, Exness’s main strength lies in forex trading, where they offer very competitive conditions.
Verdict: If you’re looking for more variety, Admiral Markets wins this round. For pure forex traders, however, Exness offers a solid range of pairs with competitive pricing.
Spreads, Commissions, and Fees
Low trading costs are essential, especially for active traders.
- Admiral Markets: They offer competitive spreads starting from 0.5 pips on the most popular forex pairs. They do not charge commissions on most accounts, which is a plus for cost-conscious traders. For certain instruments and accounts, there may be commissions, but they are generally low.
- Exness: Exness is known for its ultra-tight spreads, especially on forex. For example, on their Raw Spread account, spreads can be as low as 0.0 pips, but a small commission is charged per trade. Their Standard account, which is commission-free, offers spreads starting from 1.0 pips.
Verdict: Exness offers tighter spreads and lower trading costs overall, especially for forex traders. Admiral Markets is competitive but slightly higher in terms of spreads.
Leverage
Leverage allows you to trade with more money than you have in your account. However, higher leverage also means higher risk.
- Admiral Markets: The maximum leverage depends on your location due to regulations. For example, in Europe, leverage is capped at 1:30 for retail clients. However, traders outside regulated jurisdictions can access up to 1:500 leverage.
- Exness: One of Exness’s standout features is its extremely high leverage, going up to unlimited for certain accounts. This can be an attractive option for experienced traders, though it comes with significant risks.
Verdict: Exness takes the lead in this category, especially for traders who want access to higher leverage. However, Admiral Markets offers reasonable leverage in line with regulatory guidelines, making it safer for beginners.
Customer Support
Good customer service is crucial when you’re trading, especially if you encounter any issues with your account or platform.
- Admiral Markets: They offer 24/5 customer support via live chat, phone, and email. They also have educational resources and webinars to help traders improve their skills.
- Exness: Exness provides 24/7 customer support in multiple languages, which is a huge advantage for international traders. Their live chat and phone support are known to be responsive and helpful.
Verdict: Exness has the edge here with 24/7 customer support, while Admiral Markets offers strong but slightly limited support during the trading week.
Account Types and Minimum Deposit
- Admiral Markets: They offer several account types, including the Trade.MT4, Zero.MT4, and Invest.MT5 accounts. The minimum deposit starts from $100, which is reasonable for most traders.
- Exness: Exness offers a variety of accounts, including Standard, Raw Spread, and Pro accounts. The minimum deposit varies by account type but can be as low as $1 for Standard accounts, making it more accessible to beginner traders.
Verdict: Exness is more beginner-friendly with its lower minimum deposit requirement.
Final Verdict
Choosing between Admiral Markets and Exness depends largely on your trading style and preferences.
- Admiral Markets is ideal for traders looking for a wide variety of assets, strong regulatory protection, and excellent educational resources. If you’re a beginner or someone who values a broad trading portfolio, Admiral Markets is a great choice.
- Exness, on the other hand, is perfect for experienced traders who prioritize low trading costs, high leverage, and fast execution speeds. Their focus on forex trading makes them a top pick for currency traders.
Ultimately, both brokers are reputable and offer strong features. Your decision should be based on your specific trading needs and experience level.
Key Takeaway: If you’re new to trading or want access to a broad range of markets, go with Admiral Markets. If you’re an experienced trader focused on forex and looking for competitive spreads and high leverage, Exness may be the better choice.
Editorial Staff at Chweya is a team of financial experts led by Vincent Nyagaka, with over 9 years of experience in finance, commerce, forex, crypto, and marketing. Started in 2014, Chweya is now among the largest free financial resource sites in the industry and is often referred to as Wikipedia for business.