Choosing the right broker is crucial for any trader, whether you’re a beginner or a professional. Two popular options in the forex trading world are Alpari and Exness. If you’re comparing these brokers and wondering which one suits your trading needs, you’ve come to the right place. This article will break down the features, pros, and cons of both brokers to help you make an informed decision. Let’s dive into the Alpari vs Exness comparison.
But before we do so let us see this table highlighting the key differences and similarities between Alpari and Exness, helping you quickly compare the brokers based on the features that matter most to you.
| Feature | Alpari | Exness |
|---|---|---|
| Year Established | 1998 | 2008 |
| Regulation | FSA (Saint Vincent and the Grenadines) | CySEC, FCA, Seychelles FSA |
| Trading Platforms | MT4, MT5 | MT4, MT5, WebTerminal |
| Account Types | Standard, ECN, Pro, PAMM | Standard, Raw Spread, Zero Spread |
| Spreads | From 0.4 pips (ECN account) | From 0.0 pips (Raw Spread account) |
| Commissions | None on Standard accounts; small on ECN/Pro | None on Standard accounts; low on Raw/Zero |
| Leverage | Up to 1:1000 | Up to unlimited (in some regions) |
| Deposit Methods | Credit/Debit Card, Bank Transfer, E-wallets | Credit/Debit Card, Bank Transfer, Crypto, E-wallets |
| Withdrawal Speed | 24 hours or less | Instant withdrawals (for most methods) |
| Customer Support | Live chat, email, phone | 24/7 live chat, email, phone support |
| Educational Resources | Webinars, tutorials, articles | Video tutorials, articles, webinars |
| PAMM Accounts | Yes | No |
| Negative Balance Protection | Not specified | Yes |
Company Overview
Alpari
Founded in 1998, Alpari is one of the oldest and most well-known brokers in the world. With more than two decades of experience, Alpari has built a solid reputation. It offers trading in forex, commodities, and CFDs, catering to a global audience.
Alpari is registered in Saint Vincent and the Grenadines and operates mainly in Europe, Africa, and Asia. The platform aims to provide innovative trading solutions, offering various account types and tools suitable for both beginners and experienced traders.
Exness
Established in 2008, Exness is another well-known broker that focuses on providing low-cost trading and a user-friendly platform. Exness is regulated by several authorities, including the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA), making it a more trustworthy option for traders concerned about regulatory oversight.
Exness provides a wide range of instruments, from forex to cryptocurrencies and commodities. The platform boasts strong liquidity and advanced trading features for professional traders while still being beginner-friendly.
Regulation and Safety
Alpari
Alpari is regulated by the Financial Services Authority (FSA) in Saint Vincent and the Grenadines. While this gives Alpari a level of credibility, it is not as highly regulated as some other brokers. However, Alpari compensates by offering competitive trading conditions and focusing on markets outside the heavily regulated regions.
Exness
Exness has stronger regulatory backing. It is regulated by multiple reputable authorities, including CySEC, FCA, and the Seychelles Financial Services Authority (FSA). This makes Exness a more secure option for traders who prioritize regulation and transparency. In addition, Exness provides negative balance protection, which is an essential feature for managing risks in volatile markets.
Trading Platforms
Alpari
Alpari offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, both of which are industry standards. These platforms are known for their ease of use, advanced charting tools, and a wide range of technical indicators. The platforms are available on desktop, web, and mobile, offering flexibility for traders on the go.
Exness
Exness also offers MT4 and MT5, alongside its proprietary WebTerminal, which is optimized for web-based trading. This makes Exness highly versatile for traders who want multiple platform options. The Exness platforms are fast, reliable, and feature a wide range of tools for both novice and professional traders.
Account Types
Alpari
Alpari offers several account types to cater to different trading needs:
- Standard Account: Ideal for beginner traders.
- ECN Account: For advanced traders who want lower spreads and better market conditions.
- Pro Account: For professional traders, offering the best trading conditions.
One of Alpari’s standout features is its PAMM accounts, which allow investors to have their accounts managed by experienced traders, making it a great choice for those who prefer passive investment.
Exness
Exness provides three main account types:
- Standard Account: For beginners, offering competitive spreads and no commissions.
- Raw Spread Account: For more advanced traders, featuring ultra-low spreads and a small commission per trade.
- Zero Spread Account: Best for traders who need precise pricing with zero spreads and a commission structure.
Exness also offers a demo account, which is great for beginners who want to practice their strategies without risking real money.
Spreads and Commissions
Alpari
Alpari’s spreads vary depending on the account type, with the ECN account offering the tightest spreads, starting from 0.4 pips. The Standard account spreads can go as high as 1.2 pips. Alpari does not charge commissions on most trades, except for specific accounts like the Pro account, which has a small commission but offers superior trading conditions.
Exness
Exness is known for offering some of the lowest spreads in the industry. Spreads on the Raw Spread account can go as low as 0.0 pips, though there’s a commission per trade. The Standard account has higher spreads, but with no commissions, it’s suitable for beginner traders. Exness is also transparent about its pricing, making it a trusted option for cost-conscious traders.
Leverage
Alpari
Alpari offers high leverage, up to 1:1000 for some accounts. While this can amplify your profits, it also increases the risk of significant losses, so caution is advised when using high leverage.
Exness
Exness is known for offering unlimited leverage in some regions, which is highly attractive for aggressive traders. However, as with Alpari, the risk of large losses is something to be mindful of, especially if you’re new to trading.
Deposit and Withdrawal Methods
Alpari
Alpari supports various deposit and withdrawal methods, including:
- Credit/Debit Cards
- Bank Transfers
- E-wallets like Skrill and Neteller.
Processing times are usually fast, with most withdrawals processed within 24 hours.
Exness
Exness offers an even wider range of deposit and withdrawal methods, including:
- Credit/Debit Cards
- Bank Transfers
- Cryptocurrencies like Bitcoin
- E-wallets like Neteller and Skrill.
One unique advantage of Exness is that it offers instant withdrawals for many payment methods, making it an excellent choice for traders who need quick access to their funds.
Customer Support
Alpari
Alpari offers decent customer support with live chat, email, and phone options. However, the response times can sometimes be slower than expected.
Exness
Exness provides 24/7 customer support in multiple languages via live chat, phone, and email. Their customer service is highly rated for being responsive and helpful, making Exness a strong contender in this category.
Educational Resources
Alpari
Alpari has a good range of educational materials, including webinars, tutorials, and articles, making it a solid choice for beginners looking to learn the ropes of trading.
Exness
Exness also offers a rich library of educational resources, including video tutorials, articles, and webinars. The platform focuses on helping traders of all levels improve their skills, making it a great choice for both new and experienced traders.
Conclusion
Both Alpari and Exness are reputable brokers, each with its own strengths. If you prioritize low-cost trading, tight spreads, and faster withdrawal times, Exness may be the better option for you. On the other hand, if you prefer a broker with a long history and the option of PAMM accounts, Alpari could be the right choice.
Ultimately, your decision should depend on your specific needs, such as regulation, trading costs, and account features. Both brokers offer demo accounts, so you can try them out and see which one feels more comfortable for your trading style.
Editorial Staff at Chweya is a team of financial experts led by Vincent Nyagaka, with over 9 years of experience in finance, commerce, forex, crypto, and marketing. Started in 2014, Chweya is now among the largest free financial resource sites in the industry and is often referred to as Wikipedia for business.