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eToro vs Exness 2024

BrokerNotes.co

Written by BrokerNotes.co

August 24, 2023

Trying to decide between eToro and Exness? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, eToro ranks more highly than Exness.

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Compare

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Overall Rating eToro Exness
Overall Rating star 8.8 /10 star 7.0 /10
Offering of Investments star 9.5 /10 star 6.5 /10
Commissions & Fees star 8.5 /10 star 7.5 /10
Platform & Tools star 9.0 /10 star 7.5 /10
Research star 8.5 /10 star 7.0 /10
Mobile Trading star 8.5 /10 star 7.5 /10
Education star 9.0 /10 star 6.5 /10
Account Type eToro Exness
Standard Trade Size (100,000 units) info Yes Yes
Mini Trade Size (10,000 units) info Yes Yes
Micro Trade Size (1,000 units) info Yes Yes
Islamic Account info No Yes
Deposit/Withdrawal Options eToro Exness
Minimum Deposit info $10-$10,000 $1
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info Yes No
ACH or SEPA Transfers info Yes No
Copy Trading eToro Exness
Social Trading / Copy Trading info Yes No
DupliTrade info No No
ZuluTrade info No No
Cryptocurrency eToro Exness
Cryptocurrency (Physical) info Yes No
Cryptocurrency (Derivative) info Yes No
Bitcoin info Yes Yes
Ethereum info Yes Yes
Forex Trading (Spot or CFDs) eToro Exness
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) eToro Exness
DAX info Yes Yes
Dow Jones info Yes Yes
FTSE info Yes Yes
NASDAQ 100 info Yes Yes
Nikkei info Yes Yes
SP 500 info Yes Yes
Investments eToro Exness
Forex Trading (Spot or CFDs) info Yes Yes
Spread Betting info No No
Social Trading / Copy Trading info Yes No
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info Yes No
ETF info Yes No
U.S. Stocks (CFD) info Yes Yes
Trading Platforms eToro Exness
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info No Yes
Web Platform info Yes Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
Regulatory Licenses eToro Exness
Tier-1 Licenses info 3 2
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Research, Education eToro Exness
Trading Central (Recognia) info Yes Yes
Forex News (Top-Tier Sources) info No Yes
Daily Market Commentary info Yes No
Autochartist info No No
Investor Dictionary (Glossary) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Client Webinars (Archived) info Yes Yes
Trading Costs eToro Exness
Minimum Deposit info $10-$10,000 $1
Average Spread EUR/USD - Standard info 1 info 0.9 info
All-in Cost EUR/USD - Active info N/A N/A
Active Trader or VIP Discounts info Yes No
Trading Tools eToro Exness
Watchlists - Total Fields info 6 (default Metatrader)
Mobile Watchlist info Yes No
Charting - Indicators / Studies (Total) info 104 (default Metatrader)
Mobile Charting - Indicators / Studies info 104 (default Metatrader)
Trust Factors eToro Exness
Year Founded info 2007 2008
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Trust Score info 90 71
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eToro vs Exness Comparison

Comparing forex brokers side by side is no easy task. Our research team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Trying to decide between eToro and Exness? Our independent database powered by our unbiased research will help you compare eToro vs Exness side-by-side.

What is Trust Score?

Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.

Can I trust eToro?

eToro has a Trust Score of 90, giving it a "Highly Trusted" Trust Score Label.

Can I trust Exness?

Exness has a Trust Score of 71, giving it a "Average Risk" Trust Score Label.

Is eToro a good broker?

Best known for its versatile and easy-to-use social copy trading platform suite for web and mobile, eToro offers a large selection of cryptocurrency products, CFDs, shares, forex pairs, and a wide range of powerful trading tools. With licenses from multiple Tier-1 regulatory jurisdictions and a Trust Score rating of 90, we consider eToro to be a highly trusted broker. It's worth noting that eToro is not a discount broker (though it delivers more benefits than its competitors in the same price range). Trading forex and CFDs at eToro is slightly pricier than at many of its competitors, though the broker has recently lowered its spreads and introduced zero-dollar commissions for U.S. stock trading.

Is Exness a good broker?

Founded in 2008, Exness is a MetaTrader broker that offers both MT4 and MT5 platforms, alongside its proprietary client portal Terminal and the Exness Social Trading app for social copy trading. Exness also offers competitive spreads on its commission-based and Pro accounts. That said, the broker's lack of significant regulatory licenses weighs down its Trust Score, and its research and educational offerings trail behind the best brokers.

What Tier-1 jurisdictions is each broker regulated in?

Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. eToro holds regulatory licenses in the following Tier-1 jurisdictions: Australia (ASIC Authorised) and United Kingdom (U.K.) (FCA Authorised). Exness, on the other hand, is licensed in these Tier-1 regulatory jurisdictions: United Kingdom (U.K.) (FCA Authorised). Neither have Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised), Switzerland (FINMA Authorised) and USA (CFTC Authorized)

What Tier-2 jurisdictions is each broker regulated in? What about Tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, both eToro and Exness are Cyprus (CySEC Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), South Africa (FSCA Authorised), Thailand (SEC Authorised) and UAE (DFSA/Central Bank Authorised). When comparing tier-3 licenses eToro is none, while Exness is British Virgin Islands (FSC Authorised).. Neither have Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised), Cayman Islands (CIMA Authorised), Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).

Which broker offers more trading platforms?

Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that eToro offers a Proprietary Platform, whereas Exness supports a Desktop Platform (Windows). Neither have cTrader, DupliTrade and ZuluTrade

Does eToro offer MetaTrader? Does Exness offer MetaTrader?

For MetaTrader eToro provides neither of these, while Exness provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

How do eToro and Exness differ in terms of minimum deposit? What about average spreads and funding options?

eToro requires a minimum deposit of $10-$10,000, while Exness requires a minimum deposit of $1. It's also important to ensure your broker accepts the funding options and deposit methods that work best for you. In our research, we've found that eToro supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for funding and deposit methods, whereas Exness supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw)

Which broker offers more tradeable asset classes, eToro or Exness?

When choosing a forex broker, it’s important to consider each broker’s available investment products and tradeable asset classes. We’ve researched each broker’s individual offering of investments to help you pick the right broker for what you want to trade. During our testing, we found that eToro delivers a more diverse selection of investment options than Exness, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD). Neither have Spread Betting.

We also keep track of each broker’s total number of tradeable symbols; eToro offers 3479, and Exness offers a total of 112 tradeable symbols.

Can I trade cryptocurrency with eToro or Exness?

Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that eToro offers clients access to trading physical cryptocurrencies while Exness does not.

Who offers more research tools, eToro or Exness?

Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. eToro delivers the following research tools: Daily Market Commentary, Stock Charts, Trading Central (Recognia) and Social Trading / Copy Trading. Exness, on the other hand, provides the tools listed here: Forex News (Top-Tier Sources) and Trading Central (Recognia). Neither have Autochartist

Broker Reviews

Still looking for more information, read our broker reviews.

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Exness Review

Overall winner: eToro

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We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.


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