Exness Vs. Interactive Brokers - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Exness is a Cypriot broker founded in 2008 that specialises on currencies trading via MT4 & 5 along with their proprietary Exness Trader platform.

Interactive Brokers is a global brokerage founded in 1978 that holds 11+ high tier financial licenses and provides discounted electronic trading services in nearly all the globe with access to more than 100,000+ financial instruments.

• Low volume traders looking to take advantage of their low sized account offerings
• Off-shore traders looking for high leverage factors
• High volume traders looking for their professional accounts (assuming they are satisfied with their available assets)

• Seasoned investors looking for a one-stop shop to cover a variety of needs
• Global investors who seek the most reliable discount service available
• Traders from intermediate to advanced level

• FSA (Seychelles)
• CBCS (Curaçao)
• FSC (British Virgin Islands)
• FSC (Mauritius)
• FSCA (South Africa)
• CySec (Cyprus)
• FCA (UK)

• SEC (United States)
• FINRA (United States)
• FCA (United Kingdom)
• ASIC (Australia)
• IIROC (Canada)
• MNB (Hungary)
• BSE (India)
• CBI (Ireland)
• FSA (Japan)
• CSSF (Luxembourg) CSSF
• MAS (Singapore)

• Competitive spreads depending on the account type
• Low entry barrier for new traders
• No minimum deposit on standard accounts

• High regulation
• Exceptional number of investment instruments (Above 100,000+)
• Competitive discount fees

• Most Exness' the financial licenses are from off-shore locations
• Very low asset offering with less than 200 instruments
• Despite using TradingView charts, multi-charts layout or fullscreen are not possible

• Complicated account opening process
• Platforms are not beginner friendly
• Narrow choice of deposit options (Mostly bank transfers)

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• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Credit Card
• Debit Card
• Neteller
• Skrill
• USDT (Tether)
• Bank Transfer
• BTC (Bitcoin)
• Perfect Money
• SticPay
• USDC (USD Coin)

• Bank Transfer
• ACH (US only)
• Check (US only)
• Debit Card (US only)
• BPAY (Australia only)

US, CA, SY, IR.

AF, SY, SO, SD, LY, NG, BI.

One free withdrawal per month, subsequent are $10 per withdrawal or equivalent

Commissions vary as follows:

• No comissions on Standard account
• No comissions on Standard Cent account
• $3.5 per lot side on Raw Spread account
• $0.2 per lot side on Zero account
• No commission on Pro account

Commissions depend on market and residency:

• US residents are eligible for zero commission US stock trading. Else, for US stocks it is $0.005/share with a minimum $1 and maximum 1% of the trade value.
• European stocks have €3 minimum and 0.05% trade value.
• Forex commissions are volume based starting at 0.20 basis points of trade value or $2 minimum per trade, and going low as 0.08 basis points and $1.
• Options start at $0.25 per contract and go as low as $0.15 per contract.
• Futures start at $0.85 per contract and go as low as $0.25 per contract