Exness has become a global Forex company and has users all over the world. For that reason, it is a very popular company, but AvaTrade is also a global Forex company. Which one is better for actual use?
Exness company information
Founded in 2008, Exness is a world-famous Forex brand with a global presence. Multinational corporate group with official financial licenses in multiple countries, including European and international subsidiaries and affiliates. As of April 2022, it boasts a transaction size of over $2,105 trillion.
What is AvaTrade?
AvaTrade is a relatively old company that was born in 2006. For 20 years, we have continued stable management, and a large number of traders have registered. Currently, a large number of users from Europe and the United States are registering and trading.
Exness Reviews and Reputation
FPA is the world’s largest FX company word-of-mouth site. Exness has a rating of 3.139, 529 Reviews as of 2023. You can see that they are getting pretty good reviews. Exness is very popular for its contracting power and good support. In particular, support is available in multiple languages, starting with English, so it can be used in a wide range of areas around the world, so you can see that it is quite highly rated.
Distribution of registered users by country and region
Exness is a global Forex company. Therefore, we know that there are users all over the world. I collected reviews and reputations of TradersUnion, a review site that reviews FX companies and virtual currency exchanges around the world.
Exness is a well-known Forex company with many users in Thailand, Southeast Asia, South Asia, South America and Africa.
Source : TradersUnion
It is easy to see that most of AvaTrade’s users are concentrated in Europe and the United States. In other regions, we know that there are more users in Africa and South Asia.
Source : TradersUnion
Exness VS AvaTrade
|Company||Nymstar Limited||Ava Trade Markets Ltd|
|License||FSA, CySEC, FCA||FSCA, ASIC|
|Trade Instruments||Forex pair|
(Raw Spread Account)
|Deposit/withdrawal method||Bank Transfer|
Exness is licensed by the UK Financial Conduct Authority and operates under fairly strict regulations, so you can rest easy. FCA has to clear a very high hurdle, so you can be very relieved.
With Exness, the maximum leverage is 2000 times, so you can trade with high leverage and there is no limit on the maximum number of positions, so the degree of freedom is quite high. AvaTrade is also highly leveraged and can be traded at 400 times.
Loss cut level
In Exness, the loss cut is set at 0%, which shows that the trader has a high degree of freedom. On the other hand, 0% may result in a total loss, so it will be necessary to pay attention to the trader’s discretion.
There are very few bonuses or promotions at Exness. On the other hand, spreads are notoriously tight. AvaTrade has a 20% deposit bonus.
I compared the standard account of Exness and the standard account of AvaTrade. Obviously, Exness has tight spreads, so if you want to trade short term, I recommend it. AvaTrade has a narrow spread even though there is a bonus.
Number of stocks handled
Exness has a large number of exchanges, even covering exotic currency pairs. In addition, there are many other stocks such as precious metals, energy, and virtual currencies. AvaTrade has more stocks than Exness. AvaTrade allows you to invest in nearly 1000 stocks.
|Forex Currency pair||〇||〇|
Open a free account
You can open an account with Exness for free. Since there is no risk, you can easily open an account. If you are interested, the following article summarizes the method and procedure for opening an account, so please refer to it.