Exness has become a global Forex company and has users all over the world. For that reason, it is a very popular company, but iForex is also a well-known Forex company among Japanese users. 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 iForex?
iForex is a long-established company established in 1996. However, the company is also known to be very restrictive, with no scalping or automated trading allowed. It is very popular because the transaction fee is free and the spread is fixed, but the main users are Japanese.
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
About 40% of iForex will be Japanese. In addition, there are users who use this Forex company in a fairly wide area such as Russia, South Korea, and India, and you can see that global expansion is successful.
Source : TradersUnion
Exness VS iForex
|Company||Nymstar Limited||Formula Investment House Ltd|
|Headquarter||Seychelles||British Virgin Islands|
|License||FSA, CySEC, FCA||FSC|
|Trade Instruments||Forex pair|
(Raw Spread Account)
|Min Lot||0.01||1,000 currencies|
|Max Lot||200||5 million currency|
|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. iForex also has a fairly high leverage and can be traded at 400 times, but scalping and automatic trading are prohibited and there are many restrictions. In addition, trading tools will also use original tools.
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. iForex has an account opening bonus and a deposit bonus, so it is very fulfilling, but the spread is very wide.
I compared the standard account of Exness and the standard account of IS6FX. Obviously, Exness has tight spreads, so if you want to trade short term, I recommend it. iForex has a lot of bonuses, so the spreads are wide, but they are still quite narrow.
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. Overall, iForex has a very large number of stocks, especially stocks and stock indices.
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.