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EXNESS vs Tier1FX
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, EXNESS currently holds a stronger overall rating (4.4) than Tier1FX (3.7).
EXNESS has a lower minimum deposit, at 0.0.
Both platforms offer their clients demo accounts, mobile trading, scalping.
Traders should note that
both companies offer the same minimum lot size 0.01, but EXNESS has a maximum lot size of 200.0, while Tier1FX offers 50.0.
EXNESS offers a greater leverage limit of 1:2000, whereas Tier1FX allows a maximum of only 1:30.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 0.0 | 500.0 |
| Commission | 0.0 | 5.0 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 0.01 | 0.01 |
| Maximum lot size | 200.0 | 50.0 |
| Spread | Variable | - |
| Broker type | Market Maker | STP, ECN, DMA |
| Maximal leverage (1:?) | 2000 | 30 |
| Availability | Market Maker | STP, ECN, DMA |
| Regulation | FCA (UK), FSC (British Virgin Islands), CySEC (Cyprus), FSCA (South Africa), FSC (Mauritius), FSA (Seychelles), CBCS (Curaçao and Sint Maarten), CMA | MFSA (Malta) |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Web Platform, Mobile Platform | MetaTrader 4 (MT4), JForex, Fortex 6 |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Perfect Money, WebMoney, cashU, Neteller, UnionPay, Skrill, FasaPay, Internal transfer, Local Deposits, Qiwi, Bitcoin, AliPay, WeChat Pay, Boleto, YandexMoney, Sticpay | Wire Transfer, Neteller |
| Account Currency | USD, GBP, EUR, CHF, JPY, NZD, CAD, SGD, HKD, THB, ZAR, KRW, MXN, AUD, HUF, NGN, CNY, AED, ARS, AZN, BDT, BHD, BND, BRL, EGP, GHS, IDR, INR, JOD, KES, KWD, MAD, MYR, OMR, PHP, QAR, UAH, UGX, UZS, VND, XOF | USD, GBP, EUR |
| Languages | English, Spanish, French, Portuguese, Japanese, Russian, Chinese, Bangla, Indonesian, Thai, Arabic, Vietnamese, Korean, Urdu, Hindi, Swahili | English, Spanish, Italian, Chinese, Croatian |
| Country | Cyprus | Malta |
| Trading platform(s) timezone | Cyprus, Kenya, Malaysia, Seychelles, South Africa, United Kingdom, British Virgin Islands | Malta |
| Other trading instruments | Stocks, Indices, Energies, CFDs, Cryptocurrency, Precious Metals | Commodities, Energies, CFDs |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
