Alison Heyerdahl
Edited by
Author
Alison Heyerdahl
Edited by
Alison Heyerdahl
Head of Content

Alison Heyerdahl is the Head of Content at FxScouts and a financial writer with extensive experience in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast to help traders make informed, safe decisions.

Learn more about Alison Heyerdahl
Author
Author
Chris Cammack
Partner Manager and Financial Writer

Chris Cammack is the Partner Manager and a financial writer at FxScouts. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience.

Learn more about Chris Cammack

Exness vs. FBS

In the fast-paced world of forex trading, choosing the right broker is crucial. FBS and Exness are two popular options, each with unique strengths and weaknesses. This comparison will dive into the key features of both platforms,helping you decide which one best suits your trading style and goals.

Select broker to compare

Brokers Comparison
Our Score
4.32
/ 5
4.33
/ 5
Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Assets Available
Education & Research
Customer Service
Beginner Friendly
Analysis Research
Min. Deposit
USD 3
USD 5

Regulations

Regulation
British Virgin Islands Financial Services CommissionCapital Markets AuthorityFinancial Services CommissionFinancial Sector Conduct Authority
Jordan Securities CommissionThe Seychelles Financial Services Authority
Australian Securities & Investment CommissionCyprus Securities and Exchange CommissionBelize Financial Services Commission
Trading Desk Type
Market Maker
STP
Trading Instruments
Cryptocurrencies, Energies, Stock CFDs, Forex, Indices, Metals
Cryptocurrencies, Energies, Stock CFDs, Forex, Indices, Metals

Conditions

Forex Pairs
100
72
Crypto Pairs
34
5
Pros
  • Highly competitive spreads and low trading costs (7 USD per lot).
  • Extensive selection of trading instruments and over 100 Forex pairs
  • User-friendly trading platforms: MT4 MT5 and Exness Terminal.
  • Minimum deposit requirement of only 3 USD
  • Offers copy trading options
  • Tight spreads
  • Low minimum deposit
  • Excellent education
  • Excellent market analysis
Cons
  • Extreme leverage
  • Limited range of share CFDs
  • Tight spreads
  • Low minimum deposit
  • Excellent education
  • Excellent market analysis
% Lose with this broker
71.67%
69.21%
Leverage
Unlimited:1
3000:1
Spread
0.10 pips
0.70 pips
Hedging
Yes
Yes
Scalping
Yes
Yes
Account Types
Pro MT4, Pro MT5, Pro Raw Spread MT4, Pro Raw Spread MT5, Pro Zero MT4, Standard Cent MT4, Standard MT4, Standard MT5
Cent, Crypto, ECN, Micro, Standard, Ultra, Zero Spread
Islamic Account
Yes
Yes
Trading Platforms
MT4, MT5, Exness Terminal
MT4, MT5, FBS App
Funding Methods
Bank Transfer, Bitcoin, Mastercard, Neteller, Ozow, PerfectMoney, Skrill, Tether, Visa, WebMoney
Bank Transfer, Neteller, PerfectMoney, Skrill, SticPay, Visa
Trading Commissions
7 USD/lot
Fees Included in Spread
Fusion Markets Fusion Markets
Exness
FBS
Trust Rating
4
4.5
Trading Conditions
5
4.5
Trading Platforms
4.5
4.5
Deposit & Withdrawal
4.5
3
Assets Available
4
4.5
Education & Research
3.5
4.5
Customer Service
4.5
4.5
Beginner Friendly
2
4
Analysis Research
3
5
Overall Rating
4.32
/ 5
4.33
/ 5

How Do FBS and Exness Compare?

The radar chart above illustrates the comparison between FBS and Exness across several key metrics, with the highest possible score being 100 in each category.

Helping You Choose the Right Broker

At FxScouts, our mission is to assist traders in finding the broker that best suits their needs. Comparing brokers side-by-side is an effective method to achieve this goal. We evaluated FBS and Exness, using our standard criteria: trust and regulation, trading platforms, costs and trading conditions, and educational and market analysis resources.

Trust and Regulation

Trust and regulation are crucial when selecting a Forex broker. A broker’s credibility is largely built on its regulatory status. We spend considerable time verifying the safety of each broker by examining their regulatory licenses.  We also consider numerous factors when deciding which tier a regulator belongs to. Regulators that we rank as the world’s top regulators, gets a tier 1 rank, while regulators who only scores a tier 5-rank, provide virtually no regulatory oversight. The more top-tier authorities regulating a broker, the higher its trust rating. Read more about regulation and our tier system here.

In our comparison:

  • FBS holds two Tier 1 and no Tier 2 licences.
  • Exness holds no Tier 1 and no Tier 2 licences.

Based on these findings, FBS earned a higher trust rating than Exness.

Is FBS financially regulated?

Yes FBS was founded in 2009 and is regulated by ASIC, CySEC and FSC.

Is Exness financially regulated?

Yes Exness was founded in 2008 and is regulated by B.V.I FSC, CMA, FSC, FSCA, JSC and FSA-Seychelles.

Trading Costs Comparison

When comparing brokers, trading costs are a significant factor. We consider the minimum deposit required to open an account and ongoing costs, including spreads and commissions. We measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit, including both the spread and any commission charged.

We found that Exness and FBS have the same trading costs.

Top Overall Brokers by Broker Score

Trading Platforms Offered

Trading Platforms Offered Traders prefer brokers that offer a variety of trading platforms. We rate brokers higher if they support multiple platforms like MetaTrader4, MetaTrader5, cTrader, and proprietary platforms.

  • FBS supports MT4, MT5 and FBS App
  • Exness supports MT4, MT5 and Exness Terminal

Copy Trading Availability

Copy trading is beneficial for beginner traders or those unable to trade full-time. In this case both Exness and FBS offer copy trading.

Range of Trading Instruments

A broader range of CFD instruments provides more trading opportunities. Exness offers a greater variety of instruments compared to FBS:

  • Exness: 100 Forex pairs.
  • FBS: 72 Forex pairs.

Cryptocurrency Trading

For those interested in trading cryptocurrencies, Exness offers 34 cryptocurrencies, while FBS offers 5 cryptocurrencies. Therefore, Exness is the better choice for cryptocurrency trading.

Deposit and Withdrawal Processes

Traders prefer brokers with quick and cost-effective deposit and withdrawal processes. We favor brokers that process withdrawals within 24 hours using multiple methods without charging fees.We found that neither Exness nor FBS charges a withdrawal fee. Overall, Exness has better deposit and withdrawal processes than FBS. 

Educational Support?

We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas. 

Exness and FBS both have moderate educational support. Both Exness and FBS offer educational support for more experienced traders.

Market Analysis Materials

Access to frequent and high-quality market research and analysis is crucial.

We found that FBS offers better research analysis than Exness and that both Exness and FBS offer frequent webinars.

Overall Verdict

  • FBS:

    FBS is a well-regulated international broker with low costs, including a 5 USD minimum deposit, a single trading account and an easy-to-use mobile trading app. 

    Beginners should be wary of the high leverage available at FBS. Without proper risk management, high leverage can quickly wipe out smaller accounts, though FBS does offer negative balance protection. Otherwise, FBS provides a welcoming environment for beginner traders, with an excellent selection of educational and market analysis materials and 24/7 customer support.

  • Exness:

    Exness is a popular global broker with nine different trading accounts and one of the lowest-cost Cent Accounts in the industry. Exness offers support for MetaTrader 4, MetaTrader 5, and its user-friendly proprietary platform, Exness Terminal, available as a desktop and mobile app. In addition to fundamental and technical market analysis tools, including FXStreet News and Trading Central, Exness also hosts expert-led educational seminars in various regions as well as live webinars.

     

Overall Ratings

  • FBS: 4.33
  • Exness: 4.32

For more detailed reviews, please read our comprehensive assessments of FBS and Exness.

Fusion Markets
AvaTrade
ASIC, VFSC
Regulators
ASIC, FSCA
500:1
Leverage
30:1
MT4, MT5
Platforms
MT4, MT5
0 pips
Min. Spread
0.9 pips
AUD 0
Min. Deposit
USD 100
Exness
XM
FSCA, FSA-Seychelles
Regulators
CySEC, ASIC
Unlimited:1
Leverage
30:1
MT4, MT5
Platforms
MT4, MT5
0.1 pips
Min. Spread
0.6 pips
USD 3
Min. Deposit
USD 5
Pepperstone
XM
FCA, ASIC
Regulators
CySEC, ASIC
30:1
Leverage
30:1
MT4, MT5
Platforms
MT4, MT5
0 pips
Min. Spread
0.6 pips
USD 0
Min. Deposit
USD 5
IC Markets
FxPro
CySEC, FSA-Seychelles
Regulators
FCA, CySEC
30:1
Leverage
30:1
MT4, MT5
Platforms
MT4, MT5
0.1 pips
Min. Spread
0.4 pips
USD 200
Min. Deposit
USD 100
NAGA
Fibo Group
CySEC, FSA-Seychelles
Regulators
CySEC, BaFin
1000:1
Leverage
1000:1
MT4, MT5
Platforms
MT4, MT5
0.7 pips
Min. Spread
0.2 pips
USD 10
Min. Deposit
USD 0
AvaTrade
Pepperstone
ASIC, FSCA
Regulators
FCA, ASIC
30:1
Leverage
30:1
MT4, MT5
Platforms
MT4, MT5
0.9 pips
Min. Spread
0 pips
USD 100
Min. Deposit
USD 0
XM
HFM
CySEC, ASIC
Regulators
FCA, FSCA
30:1
Leverage
2000:1
MT4, MT5
Platforms
MT4, MT5
0.6 pips
Min. Spread
0.0 pips
USD 5
Min. Deposit
USD 0
HFM
IC Markets
FCA, FSCA
Regulators
CySEC, FSA-Seychelles
2000:1
Leverage
30:1
MT4, MT5
Platforms
MT4, MT5
0.0 pips
Min. Spread
0.1 pips
USD 0
Min. Deposit
USD 200
FBS
Pepperstone
CySEC, ASIC
Regulators
FCA, ASIC
3000:1
Leverage
30:1
MT4, MT5
Platforms
MT4, MT5
0.7 pips
Min. Spread
0 pips
USD 5
Min. Deposit
USD 0
Tickmill
Pepperstone
CySEC, FCA
Regulators
FCA, ASIC
30:1
Leverage
30:1
MT4, MT5
Platforms
MT4, MT5
0.0 pips
Min. Spread
0 pips
USD 100
Min. Deposit
USD 0
Unbiased Expertise

Independent, in-depth reviews and comparisons of all well-regulated Forex brokers, empowering you to make informed choices.

Educational Resources

Comprehensive guides for all levels, from the basics of Forex to advanced strategies tailored for your experience.

Transparent Information

A focus on facts, accuracy, and up-to-date data to give you the insights you need to succeed in your Forex journey.

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Best Brokers Uganda 2025

You can either use the arrow button or swipe on mobile

Countries Regulated
Minimum Spread EUR/USD
Minimum Deposit
Trading cost/lot EURUSD
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
Broker Score
Broker Website
Select and Compare
ASIC Regulated Forex BrokersVanuatu
0 pips
AUD 0
USD 4.50
4.41
/ 5
FSCA Regulated Forex BrokersThe Seychelles Financial Services AuthorityCapital Markets AuthorityBritish Virgin Islands Financial Services Commission
Financial Services CommissionJordan Securities Commission
0.10 pips
USD 3
USD 7
4.32
/ 5
FCA Regulated BrokersASIC Regulated Forex BrokersCySEC Regulated BrokersDubai Financial Services Authority
Bundesanstalt fĂĽr FinanzdienstleistungsaufsichtSecurities Commission of the BahamasCapital Markets Authority
0 pips
USD 0
USD 10
4.61
/ 5
CySEC Regulated BrokersThe Seychelles Financial Services AuthoritySecurities Commission of the BahamasCapital Markets Authority
0.10 pips
USD 200
USD 8
4.46
/ 5
CySEC Regulated BrokersThe Seychelles Financial Services AuthorityFinancial Regulatory Services Authority
0.70 pips
USD 10
USD 17
4.14
/ 5
ASIC Regulated Forex BrokersFSCA Regulated Forex BrokersCySEC Regulated BrokersFinancial Services Agency
Central Bank of IrelandFinancial Regulatory Services AuthorityIsrael Securities Authority
0.90 pips
USD 100
USD 9
4.59
/ 5
CySEC Regulated BrokersASIC Regulated Forex BrokersDubai Financial Services AuthorityInternational Financial Services Commission
FSCA Regulated Forex Brokers
0.60 pips
USD 5
USD 6
4.45
/ 5
FCA Regulated BrokersFSCA Regulated Forex BrokersDubai Financial Services AuthorityFinancial Services Commission
The Seychelles Financial Services AuthorityCapital Markets Authority
0 pips
USD 0
USD 10
4.43
/ 5
CySEC Regulated BrokersASIC Regulated Forex BrokersInternational Financial Services Commission
0.70 pips
USD 5
USD 7
4.33
/ 5
CySEC Regulated BrokersFCA Regulated BrokersFSCA Regulated Forex BrokersThe Seychelles Financial Services Authority
Dubai Financial Services Authority
0 pips
USD 100
USD 6
4.58
/ 5
Fusion Markets
4.4
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Countries Regulated
regulatorregulator
Minimum Spread EUR/USD
0 pips pips
Minimum Deposit
AUD 0
Trading cost/lot EURUSD
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
USD 4
Exness
4.3
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Countries Regulated
regulatorregulatorregulatorregulator
regulatorregulator
Minimum Spread EUR/USD
0.10 pips pips
Minimum Deposit
USD 3
Trading cost/lot EURUSD
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
USD 7
Pepperstone
4.6
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Countries Regulated
regulatorregulatorregulatorregulator
regulatorregulatorregulator
Minimum Spread EUR/USD
0 pips pips
Minimum Deposit
USD 0
Trading cost/lot EURUSD
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
USD 10
IC Markets
4.5
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Countries Regulated
regulatorregulatorregulatorregulator
Minimum Spread EUR/USD
0.10 pips pips
Minimum Deposit
USD 200
Trading cost/lot EURUSD
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
USD 8
NAGA
4.1
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Countries Regulated
regulatorregulatorregulator
Minimum Spread EUR/USD
0.70 pips pips
Minimum Deposit
USD 10
Trading cost/lot EURUSD
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
USD 17
AvaTrade
4.6
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Countries Regulated
regulatorregulatorregulatorregulator
regulatorregulatorregulator
Minimum Spread EUR/USD
0.90 pips pips
Minimum Deposit
USD 100
Trading cost/lot EURUSD
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
USD 9
XM
4.5
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Countries Regulated
regulatorregulatorregulatorregulator
regulator
Minimum Spread EUR/USD
0.60 pips pips
Minimum Deposit
USD 5
Trading cost/lot EURUSD
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
USD 6
HFM
4.4
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Countries Regulated
regulatorregulatorregulatorregulator
regulatorregulator
Minimum Spread EUR/USD
0 pips pips
Minimum Deposit
USD 0
Trading cost/lot EURUSD
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
USD 10
FBS
4.3
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Countries Regulated
regulatorregulatorregulator
Minimum Spread EUR/USD
0.70 pips pips
Minimum Deposit
USD 5
Trading cost/lot EURUSD
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
USD 7
Tickmill
4.6
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Countries Regulated
regulatorregulatorregulatorregulator
regulator
Minimum Spread EUR/USD
0 pips pips
Minimum Deposit
USD 100
Trading cost/lot EURUSD
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
USD 6
Click here

Let's Talk Forex with Alison & Chris


Alison and Chris cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.

The FxScouts podcast helps beginner Forex traders get the best start to their trading careers.