
Exness Vs FP Markets
Exness is built around low costs, very high leverage and automated withdrawals, with no fees for inactive accounts. FP Markets is a raw-spread broker that has traded since 2005, with ASIC and CySEC licences in its group, four platforms and more than 10,000 CFDs. The better fit depends on where you live, how often you trade and which company would hold your account.
Quick Answer
| Best for | Winner | Why |
|---|---|---|
| Starting small | FP Markets | No stated minimum against Set by the payment method on Standard |
| Raw-account commission | FP Markets | About $6 per lot round turn against $7 |
| Top-tier licences in the group | FP Markets | ASIC and CySEC; Exness is offshore only |
| Copy trading | FP Markets | Exness: Closed on 25 June 2026 |
| cTrader | FP Markets | Exness doesn’t offer it |
A “winner” here means the better published figure on that one line. It is not a recommendation: the right broker depends on where you live and how you trade.
Comparison Table

| Exness | FP Markets | |
|---|---|---|
| Operating since | 2008 | 2005 |
| Company for international clients | Exness (SC) Ltd, licensed by the FSA in Seychelles (SD025), and other offshore companies | FP Markets Ltd, registered in Saint Lucia (a registration, not a licence) |
| Regulators in the group | 11 regulators; its FCA and CySEC companies don’t serve retail clients | ASIC, CySEC, FSCA, FSA Seychelles, CMA Kenya; Saint Lucia registration |
| Minimum deposit | Set by the payment method on Standard ($10 on its South African site); $200 on Professional accounts | None stated |
| Commission-free spreads | Standard from 0.2 pips (EUR/USD average 0.8) | Standard from 1.0 pip (EUR/USD average 1.2) |
| Raw-spread account | Raw Spread from 0.0 pips plus up to $3.50 per side | Raw from 0.0 pips (EUR/USD average 0.1) plus US$3 per side |
| Maximum leverage | Unlimited for eligible accounts, otherwise up to 1:2000 | 1:500 |
| Platforms | MT4, MT5, Exness Terminal, Exness Trade app | MT4, MT5, cTrader, TradingView |
| Copy trading | Closed on 25 June 2026 | Social Trading on MT4 and MT5; cTrader Copy |
| Inactivity fee | None | None |
| Withdrawal fee | None from Exness | None on bank wires from FP Markets |
| Swap-free | Swap-free status on listed instruments | Islamic accounts with admin fees after a grace period |
| Bonus | None | None; Refer a Friend only |
Figures come from each broker’s official site, checked on 11 October 2026. Spreads move through the day, and conditions vary by country and by the company that holds your account.
Watch both video reviews
Our Exness and FP Markets reviews on video. Tap a chapter to jump straight to safety, costs, withdrawals or the verdict.
Exness review 8:27
FP Markets review 5:06
Regulation and Safety
Exness’s companies hold licences from 11 regulators, but its FCA and CySEC companies don’t serve retail clients. Individual traders are served by offshore companies such as Exness (SC) Ltd in Seychelles. Exness does not serve residents of the USA, Canada, the EU or the UK.
FP Markets’ group is regulated by ASIC in Australia and CySEC in Cyprus, and its site also names the FSCA in South Africa and the FSA in Seychelles. Many international clients, however, are placed with FP Markets Ltd, which is registered in Saint Lucia and is not a member of an investor compensation fund.
On paper FP Markets has the stronger regulatory footprint, but that only helps if your account sits with one of its strictly regulated companies. Check which company your country places you with before you deposit.
Trading Costs
On commission-free accounts, Exness lists: Standard from 0.2 pips (EUR/USD average 0.8). FP Markets lists: Standard from 1.0 pip (EUR/USD average 1.2). “From” figures are minimums, so expect wider live spreads, especially around news.
Both offer a raw-spread account. Exness: Raw Spread from 0.0 pips plus up to $3.50 per side. FP Markets: Raw from 0.0 pips (EUR/USD average 0.1) plus US$3 per side. For frequent traders, a raw account usually costs less per trade than a spread-only one.
Exness lists no inactivity fee. FP Markets lists no inactivity fee. Withdrawal fees: Exness: none from Exness; FP Markets: none on bank wires from FP Markets.
Platforms and Copy Trading
Exness offers MT4, MT5, Exness Terminal and Exness Trade app. FP Markets offers MT4, MT5, cTrader and TradingView.
Exness has no copy trading service of its own (closed on 25 June 2026). FP Markets’s copy trading: Social Trading on MT4 and MT5; cTrader Copy. Copying another trader doesn’t remove risk: you can lose money as fast as trading yourself.
Leverage
Exness’s maximum leverage: unlimited for eligible accounts, otherwise up to 1:2000. FP Markets’s: 1:500.
A higher maximum is not an advantage in itself. Leverage multiplies losses as fast as gains, so beginners should use far less than either broker allows.
Which One Should You Choose?
Go with Exness if:
- You want raw-spread accounts and no inactivity fee
- Fast, automated withdrawals matter to you
- You are comfortable with offshore regulation
Go with FP Markets if:
- You trade often and want raw spreads with a low commission
- You want cTrader or TradingView
- You want a group with ASIC and CySEC licences
Whichever you choose, test a small withdrawal early, verify your account before you need your money, and risk only what you can afford to lose.
More Exness and FP Markets comparisons
Each one sets the same checks side by side: regulation, costs, platforms and leverage.
- Exness vs AvaTrade
- Exness vs Elev8
- Exness vs Fusion Markets
- Exness vs FXTM
- Exness vs IC Markets
- Exness vs IUX
- Exness vs LiteFinance
- Exness vs Pepperstone
- Exness vs RoboForex
- Exness vs Tickmill
- Exness vs Vantage
- XM vs Exness
- AvaTrade vs FP Markets
- FP Markets vs Elev8
- FP Markets vs Fusion Markets
- FP Markets vs FXTM
- FP Markets vs Pepperstone
- FP Markets vs Tickmill
- FP Markets vs Vantage
- IC Markets vs FP Markets
- IUX vs FP Markets
- LiteFinance vs FP Markets
- RoboForex vs FP Markets
- XM vs FP Markets
FAQ
Which has the lower minimum deposit, Exness or FP Markets? FP Markets. Exness: set by the payment method on Standard ($10 on its South African site); $200 on Professional accounts. FP Markets: none stated.
How are Exness and FP Markets regulated? Exness’s international clients deal with Exness (SC) Ltd, licensed by the FSA in Seychelles (SD025), and other offshore companies. FP Markets’s deal with FP Markets Ltd, registered in Saint Lucia (a registration, not a licence). Group regulators: Exness: 11 regulators; its FCA and CySEC companies don’t serve retail clients; FP Markets: ASIC, CySEC, FSCA, FSA Seychelles, CMA Kenya; Saint Lucia registration.
Which is cheaper to trade with? It depends on the account. Commission-free: Exness: Standard from 0.2 pips (EUR/USD average 0.8); FP Markets: Standard from 1.0 pip (EUR/USD average 1.2). Raw accounts: Exness: Raw Spread from 0.0 pips plus up to $3.50 per side; FP Markets: Raw from 0.0 pips (EUR/USD average 0.1) plus US$3 per side.
Does either charge an inactivity fee? Exness: none. FP Markets: none.
Do both offer copy trading? Exness: closed on 25 June 2026. FP Markets: Social Trading on MT4 and MT5; cTrader Copy.
Why you can trust FX Recap
FX Recap is an independent Forex media platform. Every broker score comes from our published methodology, including live account testing, regulatory verification, and real trader feedback, so you can make smarter trading decisions.
Read our methodologyAdvertising Disclosure
We prioritize rigorous, unbiased broker testing through our published methodology. Forex and CFD trading carries significant risk of loss, so read our Risk Notice before you trade. While our ratings stay objective, we receive compensation that may influence list placement. Learn how we make money.
Current Offers & Promotions
Promotion
Exness Promotions & Bonuses 2026
Exness is a globally known and reliable broker that provides new traders with various opportunities to understand the platform and…
View Offer






