ForexHome / Compare brokers / eToro vs Exness
Head-to-head
eToro vs Exness: fees, regulation and platforms compared
eToro and Exness side by side on the things that decide which one suits you: who regulates the company you would join, what a trade costs, which platforms you get and whether you can open an account where you live.
Short answer: Choose eToro if you want to copy other traders on a platform built around it. Choose Exness if you want Raw Spread or Zero accounts on MT4 or MT5. Neither of the companies we review accepts US retail forex clients.
eToro vs Exness at a glance
| eToro | Exness | |
|---|---|---|
| Regulation of main companies | FCA, CySEC, ASIC (plus an FSA Seychelles company) | FSA Seychelles for most retail clients; FSCA; CMA (Kenya) |
| Minimum deposit | $10 to $10,000 depending on country | Varies by account and region |
| EUR/USD pricing (headline) | Spread-only, no separate commission | From 0.0 pips on Raw Spread and Zero, plus commission |
| Platforms | eToro web and app platform with copy trading | MT4, MT5, Exness Terminal |
| US retail forex clients | No (for the CFD business we review) | No |
| Background | Founded 2007 | Founded 2008 |
| 1-lot EUR/USD round turn at headline prices | not comparable from headline figures | not comparable from headline figures |
Round-turn costs use each broker's headline "from" price for 1 standard lot (100,000 units, $10 per pip) including any published commission. Real spreads are often wider. Try your own numbers in our forex cost calculator.
Which should you choose?
Choose eToro if:
- you want to copy other traders on a platform built around it
- you prefer one app over MetaTrader
- you want spread-only pricing with no separate commission
Watch out: There is no MetaTrader, so Expert Advisors and MT-based tools will not work.
Choose Exness if:
- you want Raw Spread or Zero accounts on MT4 or MT5
- you are in Kenya and want its CMA-licensed company
Watch out: Most retail clients join an offshore company licensed in Seychelles, Exness says its FCA and CySEC companies do not serve retail clients, and the Philippine SEC has issued an advisory against it.
Regulation and safety
eToro lists FCA, CySEC, ASIC (plus an FSA Seychelles company). Exness lists FSA Seychelles for most retail clients; FSCA; CMA (Kenya). A broker's headline licences do not always cover you: the company that opens your account depends on where you live, and only that company's regulator protects you. Our legal entity guide shows how to check it on the regulator's own register.
Costs
eToro: Spread-only, no separate commission. Exness: From 0.0 pips on Raw Spread and Zero, plus commission. Also compare overnight swap rates if you hold trades, and any deposit, withdrawal, inactivity or currency conversion fees. See spreads and commissions explained.
Platforms
eToro: eToro web and app platform with copy trading. Exness: MT4, MT5, Exness Terminal. If you run Expert Advisors, check MetaTrader support first; see MT4 vs MT5.
FAQ
Is eToro or Exness cheaper?
Their pricing is structured differently: eToro lists spread-only, no separate commission; Exness lists from 0.0 pips on Raw Spread and Zero, plus commission. Compare them on a demo account during the hours you trade, or use our cost calculator.
Which is better regulated, eToro or Exness?
eToro: FCA, CySEC, ASIC (plus an FSA Seychelles company). Exness: FSA Seychelles for most retail clients; FSCA; CMA (Kenya). What matters is the company that would hold your account, which depends on where you live.
Do eToro and Exness accept US clients?
eToro: No (for the CFD business we review). Exness: No.
What is the minimum deposit at eToro and Exness?
eToro: $10 to $10,000 depending on country. Exness: Varies by account and region.
Which platforms do eToro and Exness offer?
eToro: eToro web and app platform with copy trading. Exness: MT4, MT5, Exness Terminal.
More comparisons
Compare all 11 brokers · Find your broker in two minutes · eToro review · Exness review · eToro vs Pepperstone · eToro vs XM · Exness vs XM · IC Markets vs Exness
Sources
- Forex Awards eToro review (sources listed there)
- Forex Awards Exness review (sources listed there)
Forex and CFDs are leveraged products and most retail accounts lose money. Forex Awards may earn commissions from some links; see our affiliate disclosure. This is general information, not financial advice.