Exness has become a global Forex company and has users all over the world. For that reason, it is a very popular company, but IronFX is also a Forex company that has users all over the world. 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 IronFX?
IronFX is a popular Forex company because it has a maximum leverage of 1000 times and very low transaction costs. Iron also has a deposit bonus, and it is very popular because it is a 100% deposit bonus. The company is characterized by having a large number of users in Europe.
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
IronFX is characterized by having a large number of users in Europe. Other than that, it has a large number of core users in Japan, India, and Brazil, and is a Forex company that has successfully expanded globally.
Source : TradersUnion
Exness VS IronFX
|Company||Nymstar Limited||Notesco Limited|
|License||FSA, CySEC, FCA||FSA, CySEC, FCA|
|Trade Instruments||Forex pair|
(Raw Spread Account)
|Deposit/withdrawal method||Bank Transfer|
Exness and IronFX have a financial license from the UK Financial Conduct Authority and operate under fairly strict regulations, so you should be very safe. 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. IronFX is also highly leveraged and can be traded at 1000x, but the number of positions and lots are limited.
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. IronFX is very good with deposit bonuses and even exclusive promotions, but the spreads are very wide.
I compared the standard account of Exness and the live account of IronFX. Obviously, Exness has tight spreads, so if you want to trade short term, I recommend it. IronFX has a lot of bonuses, so the spreads are very wide.
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. IronFX has a very small number of stocks handled overall, but you can see that the stocks are relatively substantial.
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.