FBS or Exness, which one is better? Being popular brokers in the Forex market, they are often compared to each other to find which one comes out to be the better one. However, many traders forget that the best choice may differ for every one of them. To make it easier for you to make the right decision, feel free to read this FBS and Exness review.
Features of FBS
Having the army of almost 15 000 000 users in more than 190 countries, FBS has turned into one of the most famous brands in the Forex sector. Since 2009, the broker has established exquisite trading conditions on two excellent platforms – MetaTrader4 and MetaTrader5.
FBS is administered by the European Union through its Cyprus Securities and Exchange Commission’s license, while its operations are conducted through an international subsidiary in Belize. This way, FBS has an opportunity to provide its international users with more flexibility in terms of leverage and some other benefits like trading rewards and loyalty programs.
Features of Exness
Exness is a reliable online broker managed by the Cyprus Securities and Exchange Commission (CySEC). By providing the popular suite of trading platforms developed by MetaQuotes Software Corporation, they encourage traders and investors to create numerous account types and benefit from over 100 forex pairs and metal contracts. Thanks to an overall Trust Score of 73 out of 99, Exness has found the whole army of fans. This online broker is monitored by the tier-1 regulator of Financial Conduct Authority (FCA) that supports the smooth flow of financial and exchange operations.
The main point is that Exness aims to follow the major business norms and the principles of transparency and clearance. This finds the direct reflection on their trading policies and promotional activities.
The Bottom Line
Now that you have a general knowledge of both brokers, it is time to make the final choice. While the financial aspects of the whole trading routine are the major things we look at, pay attention to spreads. The lower it is, the better it is for traders. However, spread data among brokers is not that accessible, as not every broker transparently reveals their spreads data. The most attractive types of spread are fixed and variable. In this case, both and Exness provide pricing with Fixed spreads. Also, the choice of the trading platform is crucial as you can’t proceed with a trade without it. FBS enables trading with MetaTrader 4 (45 days of inactivity) that is supported with Mobile trading, One-click trading, Trailing stop, Pending orders. Meanwhile, Exness enables trading with MetaTrader 4, MetaTrader 5 that is supported with Mobile trading, Browser-based platform, One-click trading, Trailing stop, Pending orders. Moreover, FBS enables trading with Forex, Gold & silver, CFD, Futures, while Exness is represented by the trades with Forex, Gold & silver, CFD, Oil, Stocks, Indexes, Metals, Energies, Cryptocurrencies.
To sum up, the choice of the best broker comes down to your personal consideration. If you position yourself as an active trader, it is better to rely on a broker with a variable spread. For the trading platform, MetaTrader 4 is the most common choice for every trader. But if you want to have a customized experience with more advanced instruments, choose the broker that provides alternative resources. The same goes for trading assets if you want to explore different markets. To help you decide, you may conduct additional research checking the alternative sources of information.