Exness has become a global Forex company and has users all over the world. For that reason, it is a very popular company, but eToro 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 eToro?
eToro will become a Forex company with a large number of core users in Europe. This is because the company is headquartered in Europe, which inevitably results in a large number of European users. Since it was established a long time ago in 2007, it will be a fairly long-established company among Forex companies.
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
Since eToro is a European company, most of its users are Europeans. Elsewhere, we have many users in Mexico and the Philippines.
Source : TradersUnion
Exness VS eToro
|License||FSA, CySEC, FCA||FSA|
|Trade Instruments||Forex pair|
(Raw Spread Account)
|GBP, EUR, USD, AUD, CAD, NOK, NZD, PLN, SEK, SGD|
|Deposit/withdrawal method||Bank Transfer|
|Automated Customer Account Transfer Service|
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.
eToro does not use MT4 or MT5. Since you will be using the original tool, it may be difficult for users accustomed to MT.
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. eToro is only 30x as it follows European leverage regulations.
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. eToro has very poor bonuses.
I compared the standard account of Exness and the standard account of eToro. Obviously, Exness has tight spreads, so if you want to trade short term, I recommend it. Since eToro does not have bonuses, spreads tend to be tight.
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. eToro has a better selection of stocks than Exness.
|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.