In the world of forex trading, two prominent brokers that frequently catch traders’ attention are FBS and Exness. Both offer competitive services, but Exness broker stands out with features that make it the preferred choice for many. This detailed comparison explores the key differences, highlighting why Exness often meets traders’ expectations better.
Trading Tools and Platforms
Exness provides a robust trading environment with access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5), equipped with advanced charting tools, various indicators, and automated trading through Expert Advisors (EAs). Traders can also use the web terminal and mobile app for smooth access across devices.
FBS also supports MT4 and MT5, but its customization options and additional tools are less comprehensive compared to Exness. While FBS offers mobile trading, Exness’s broader range of tools, such as an economic calendar and forex calculator, gives it an edge.
| Feature | Exness | FBS |
|---|---|---|
| Trading Platforms | MT4, MT5, Web Terminal, Mobile App | MT4, MT5, Mobile App |
| Customization | Highly customizable for advanced strategies | Limited customization, suitable for beginners |
| Automated Trading | Advanced EA support for seamless automation | Basic EA support with fewer capabilities |
| Additional Tools | Economic calendar, forex calculator, market news | Basic market tools, fewer resources |
| Ease of Use | Beginner and expert-friendly interfaces | Simplified for newer traders |
| Platform Accessibility | Compatible across all devices | Limited to standard platforms |
Flexibility and Account Types
Account types at Exness are diverse, tailored to traders with different skill levels and strategies.Options include Standard, Raw Spread, Zero, and Pro accounts, ensuring flexibility for all budgets and trading styles.
In contrast, FBS provides fewer account options, such as Cent, Standard, ECN, and Crypto accounts. While they cater to some traders, the limited variety may not accommodate as many strategies as Exness does.
| Aspect | Exness | FBS |
| Swap-Free Options | Available for all accounts | Limited to Islamic accounts |
| Number of Accounts | Standard, Raw Spread, Zero, Pro | Cent, Standard, ECN, Crypto |
| Spreads | From 0.0 pips | From 1.0 pips |
| Minimum Deposit | $1 | $1 |
Trading Fees and Conditions
Exness stands out for its low trading costs, offering spreads that start as low as 0.0 pips on certain accounts and charging no commission on Standard accounts. This makes Exness a great option for traders who want to minimize expenses and maximize profits.
On the other hand, FBS provides lower spreads on specific accounts but generally begins at 1.0 pips, which can make it more costly for some traders. Additionally, Exness offers faster order execution, helping to minimize slippage and improve accuracy—an essential factor for traders who rely on quick transactions and high-frequency strategies.
| Feature | Exness | FBS |
|---|---|---|
| Spreads (from) | 0.0 pips | 1.0 pips |
| Commission | None (on Standard), low on Pro accounts | Varies by account type |
| Execution Speed | Instant | Instant |
| Leverage | Flexible, up to 1:2000 | Fixed, up to 1:3000 |
Payment Methods: Deposits and Withdrawals
Deposit Speed
- Exness: Deposits are processed instantly.
- FBS: Deposits may take up to 24 hours.
Withdrawal Speed
- Exness: Withdrawals are also processed instantly, even on weekends.
- FBS: Withdrawals can take up to 48 hours, depending on the method.
Fees
- Exness: No withdrawal fees, making it cost-effective for traders.
- FBS: Withdrawal fees may apply, increasing overall costs.
Payment Methods
- FBS: Offers similar options, including bank cards, e-wallets, and cryptocurrencies.
- Exness: Supports bank cards, e-wallets, and cryptocurrencies.
Compliance and Fund Safety
Exness operates under the oversight of highly reputable regulatory bodies, including CySEC, FCA, and FSCA, ensuring strict compliance with international standards. This level of regulation provides strong protection for traders and their funds. To enhance security, Exness keeps client funds in segregated accounts, ensuring complete transparency and safety.
FBS, on the other hand, is regulated by CySEC and IFSC, offering a reasonable degree of trust. However, its regulatory coverage is narrower compared to Exness. This makes Exness the more secure and reliable option for traders who prioritize strong oversight and safety measures.
Comparison of Regulation and Security:
1. Global Reach
- Exness: Regulated by FCA, CySEC, and FSCA.
- FBS: Regulated by CySEC and IFSC.
2. Client Fund Security
- Exness: Funds are held in segregated accounts for added protection.
- FBS: Also uses segregated accounts but lacks Exness’s broader regulatory backing.
3. Reputation
- Exness: Strong reputation for safety and compliance.
- FBS: Moderate reputation, suitable for traders but less comprehensive than Exness.
Key Benefits of Choosing Exness Over FBS
- Superior Trading Conditions. Exness provides tighter spreads starting at 0.0 pips on certain accounts and charges no commissions on some options. This makes trading more cost-effective compared to FBS.
- Quicker Payments. With instant deposits and withdrawals, including weekends, Exness ensures uninterrupted and hassle-free trading for its users.
- Advanced Trading Tools. Exness supports platforms like MT4 and MT5, offering features such as forex calculators, real-time market updates, and automated trading with Expert Advisors (EAs).
- Diverse Account Types. The broker offers a range of account types, including Standard, Pro, Raw Spread, and Zero, catering to traders with different experience levels and strategies.
- Stronger Global Regulation. Exness is regulated by top-tier authorities such as FCA and CySEC, providing a higher degree of safety, transparency, and reliability for traders worldwide.
Pros and Cons of Exness vs. FBS
Pros of Exness
- Spreads and Costs. Tight Exness spreads starting from 0.0 pips. No commissions on some accounts, making it cost-efficient.
- Payment Processing. Instant deposits and withdrawals, even on weekends, for uninterrupted trading.
- Trading Tools. Offers advanced tools like Expert Advisors (EAs) and technical indicators for detailed market analysis.
- Account Variety. Provides flexible account options, including Standard, Pro, Raw Spread, and Zero, catering to traders of all experience levels.
- Customer Support. 24/7 multilingual support ensures help is always available.
- Regulation and Security. Regulated by top-tier authorities such as FCA, CySEC, and FSCA, ensuring high transparency and fund protection.
Pros of FBS
- Spreads and Costs. Offers bonuses and promotions, which can be appealing to some traders. Spreads start at 1.0 pips, which are higher compared to Exness.
- Payment Processing. Provides high leverage of up to 1:3000 but has slower deposit and withdrawal processing times.
- Trading Tools. Features an easy-to-use mobile app, ideal for beginners who prefer simplicity.
- Account Variety. Includes account types like Cent accounts, suitable for traders with smaller budgets.
- Customer Support. Support is available during trading hours, but not 24/7, which may be inconvenient for some.
- Regulation and Security. Regulated by CySEC and IFSC, offering a moderate level of trust worldwide.
Downsides of Exness
- Limited bonuses compared to other brokers.
- Requires knowledge of advanced tools to maximize trading benefits.
- No major issues with payment processing, but beginners might need guidance on withdrawals.
- Transactions are typically instant, with no significant delays.
Downsides of FBS
- Bonuses often come with strict and complicated conditions.
- Higher spreads starting at 1.0 pips, which can increase trading costs.W
- ithdrawal fees may apply, depending on the chosen payment method.
- Slower deposit and withdrawal processing times compared to Exness.
Final Thoughts
Both Exness and FBS provide reliable trading platforms, but Exness stands out in key aspects like trading costs, security, and payment speed. With tighter spreads, faster transactions, and a wider range of tools, Exness proves to be a better option for most traders. Whether you’re new to trading or an experienced professional, Exness offers the flexibility, support, and performance needed for successful long-term trading.
Trade with trusted broker Exness today
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FAQ
How do the minimum deposits differ between Exness and FBS?
Both Exness and FBS require a minimum deposit of only $1. This low entry point makes them highly accessible to beginners or traders starting with a small budget.
