When it comes to choosing a reliable forex broker, two names often come up: Exness and FBS. Both brokers are popular in the forex trading industry, but they offer different features and services. In this article, we will compare Exness and FBS to help you decide which broker is best suited for your trading needs.
This table provides a clear side-by-side comparison of both brokers.
| Feature | Exness | FBS |
|---|---|---|
| Founded | 2008 | 2009 |
| Regulation | CySEC, FCA, FSCA | CySEC, IFSC, ASIC |
| Minimum Deposit | $1 (Standard Account) | $1 (Cent Account) |
| Leverage | Up to 1:2000 | Up to 1:3000 |
| Spreads | Starting from 0.1 pips | Starting from 0.5 pips |
| Trading Platforms | MT4, MT5, Exness Web Terminal | MT4, MT5, FBS Trader App |
| Withdrawal Time | Instant Withdrawals | Fast, but time may vary |
| Customer Support | 24/7 via live chat, phone, email | 24/7 via live chat, phone, email |
| Extra Features | Tight spreads, Instant withdrawals | Free VPS, High leverage (up to 1:3000) |
1. Overview of Exness
Exness was founded in 2008 and has grown to become one of the most trusted forex brokers globally. The company is well-regulated, holding licenses from authorities such as the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the UK. Exness offers a wide range of trading instruments, including forex, commodities, cryptocurrencies, and stocks.
- Minimum Deposit: $1 (Standard Account)
- Leverage: Up to 1:2000
- Spreads: Starting from 0.1 pips
- Regulation: CySEC, FCA, FSCA (South Africa)
- Trading Platforms: MT4, MT5, and Exness Web Terminal
2. Overview of FBS
FBS, founded in 2009, is another well-established broker, known for offering excellent trading conditions for beginners and experienced traders alike. FBS is regulated by authorities such as the International Financial Services Commission (IFSC) and the CySEC, providing clients with secure and safe trading environments.
- Minimum Deposit: $1 (Cent Account)
- Leverage: Up to 1:3000
- Spreads: Starting from 0.5 pips
- Regulation: CySEC, IFSC, ASIC
- Trading Platforms: MT4, MT5, and FBS Trader App
3. Exness vs FBS: Account Types
Both brokers offer a variety of account types tailored to different levels of traders, from beginners to professionals.
- Exness Account Types: Exness provides Standard, Raw Spread, Zero, and Pro accounts. The Standard account has a minimum deposit of $1, while the more advanced accounts offer lower spreads and different trading conditions.
- FBS Account Types: FBS offers Cent, Standard, Zero Spread, and ECN accounts. The Cent account is designed for beginners, allowing them to trade with small amounts, while the ECN account offers professional-level conditions.
4. Trading Platforms: Exness vs FBS
Both Exness and FBS provide traders with access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the most popular trading platforms in the forex world. These platforms offer advanced charting tools, automated trading through Expert Advisors (EAs), and a variety of technical indicators.
However, Exness also offers its Exness Web Terminal, which is easy to use and suitable for traders who prefer a web-based platform. FBS, on the other hand, provides a FBS Trader App, allowing users to trade on-the-go with ease.
5. Leverage and Spreads: Which Broker Offers Better Conditions?
- Exness Leverage: Exness offers flexible leverage that can go as high as 1:2000, giving traders more buying power, especially those with smaller capital.
- FBS Leverage: FBS is known for its incredibly high leverage, up to 1:3000, which is among the highest in the industry. This may attract traders who prefer aggressive trading strategies.
- Exness Spreads: Spreads at Exness start from 0.1 pips on the Zero Account and vary depending on the account type.
- FBS Spreads: FBS offers spreads starting from 0.5 pips on its Standard account and 0 pips on its Zero Spread account. However, traders using the Zero Spread account must pay a commission per trade.
6. Deposit and Withdrawal Methods
Both Exness and FBS offer a wide variety of deposit and withdrawal methods, including credit cards, e-wallets, and bank transfers.
- Exness: Exness is known for its instant withdrawal process, which is available 24/7 with no extra fees.
- FBS: FBS also provides fast and fee-free deposits and withdrawals, but withdrawal times may vary depending on the method.
7. Customer Support
Both brokers offer excellent customer support, available 24/7 in multiple languages.
- Exness: Exness provides support via live chat, email, and phone, and the quality of their support is highly rated by users.
- FBS: FBS also offers 24/7 support through live chat, phone, and email, with a strong reputation for being responsive and helpful.
8. Regulation and Security
Regulation is a critical factor when choosing a broker, as it ensures that your funds are safe and that the broker operates under strict guidelines.
- Exness: Exness is regulated by top-tier authorities like CySEC and the FCA, which gives traders peace of mind knowing that their funds are protected.
- FBS: FBS is regulated by CySEC, IFSC, and ASIC, which also guarantees a secure trading environment.
9. Pros and Cons: Exness vs FBS
Exness Pros:
- Low minimum deposit ($1)
- Instant withdrawals
- Competitive spreads
- High leverage options
Exness Cons:
- Limited educational resources
FBS Pros:
- High leverage (up to 1:3000)
- Wide range of account types
- Free VPS service for certain accounts
FBS Cons:
- Spreads slightly higher than Exness
- Commission on Zero Spread account
10. Final Verdict: Which Broker is Better?
When comparing Exness vs FBS, both brokers have their strengths. Exness may be a better choice for traders looking for tight spreads and instant withdrawals, while FBS might appeal to those who prefer higher leverage and a wider range of account types. Your decision should depend on your trading style and what features matter most to you.
Both brokers are reliable and well-regulated, making them excellent choices for forex traders. If you are a beginner, FBS’s Cent account can be a great starting point, while experienced traders may appreciate the advanced features of Exness’s Pro and Raw Spread accounts.
By considering factors like spreads, leverage, platform options, and customer support, you can choose the broker that fits your needs. Exness and FBS are both top-tier options, and the choice ultimately comes down to your personal preferences.
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.