Crypto Spreads: Exness vs FP Markets
When comparing Exness and FP Markets for cryptocurrency trading, one of the most critical factors for traders is the crypto spreads offered. Spreads represent the difference between the bid and ask price, directly impacting your trading costs. Both brokers offer access to various cryptocurrencies, but their pricing structures, available assets, and overall trading conditions can differ significantly.
Exness Crypto Offering
Exness is known for its competitive spreads across various asset classes, and its crypto offering is no exception. They typically provide a decent range of major cryptocurrencies for trading as CFDs, including popular pairs like BTC/USD, ETH/USD, and LTC/USD. Exness aims to offer stable and tight spreads, especially during normal market conditions. Their execution model often contributes to this, aiming for minimal slippage.
FP Markets Crypto Offering
FP Markets, a well-established CFD broker, also provides access to a selection of cryptocurrencies as CFDs. They are known for their raw spreads accounts, which can be very attractive for active traders. While their crypto offering might focus more on the most liquid pairs, the combination of raw spreads plus commission can sometimes result in a highly competitive total trading cost for cryptocurrency trades, particularly for high-volume traders.
Key Comparison Factors
Beyond just spreads, several other elements are crucial when evaluating Exness and FP Markets for crypto trading. These include regulatory oversight, available trading platforms, minimum deposit requirements, and additional trading conditions.
Regulation and Security
Regulatory status is paramount for trader security. Both Exness and FP Markets are regulated by reputable authorities, though their specific licences vary. FP Markets is regulated by ASIC (Australia) and CySEC (Cyprus), providing a strong regulatory framework. Exness holds licences from multiple bodies, including the CySEC (Cyprus), FCA (UK – non-retail), and others, depending on the entity, offering various levels of protection to clients worldwide.
Trading Platforms
Both brokers offer industry-standard platforms. Exness supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), alongside their proprietary Exness Terminal. FP Markets also provides MT4 and MT5, along with cTrader, offering a broader range of platform choices for different trading styles and preferences. For crypto trading, the robustness and features of these platforms are vital for analysis and execution.
Account Types and Conditions
Each broker offers a variety of account types tailored to different traders. Exness has Standard, Raw Spread, and Zero accounts, each with distinct pricing models suitable for various trading strategies, including those focused on cryptocurrencies. FP Markets also offers Standard and Raw accounts, with the Raw account typically featuring tighter spreads plus a commission, which can be highly beneficial for crypto traders seeking the lowest possible direct trading costs.
Comparison Table: Exness vs FP Markets for Crypto Trading
| Feature | Exness | FP Markets |
| :-------------------- | :-------------------------------------------- | :--------------------------------------------- |
| Crypto Spreads (BTC/USD) | From 10.0 (typical, at time of writing — check broker site) | From 15.0 (typical, at time of writing — check broker site) |
| Crypto Spreads (ETH/USD) | From 0.8 (typical, at time of writing — check broker site) | From 1.2 (typical, at time of writing — check broker site) |
| Crypto Spreads (LTC/USD) | From 0.05 (typical, at time of writing — check broker site) | From 0.08 (typical, at time of writing — check broker site) |
| Commission (per lot, crypto) | From 0.0 (Standard), From 3.5 (Raw Spread/Zero) (typical, at time of writing — check broker site) | From 0.0 (Standard), From 3.0 (Raw) (typical, at time of writing — check broker site) |
| Min Deposit | $10 (Standard), $200 (Pro/Zero/Raw) | $100 (Standard), $100 (Raw) |
| Regulators | CySEC, FCA (non-retail), FSA, FSC, CBCS, FSCA | ASIC, CySEC |
| Platforms | MT4, MT5, Exness Terminal | MT4, MT5, cTrader |
*Note: All figures are typical at the time of writing and are subject to change. Always check the broker's official website for the most up-to-date and specific information, including real-time spreads and commissions.* CFD trading involves significant risk of loss.
Verdict by Trader Type
For Cost-Sensitive Crypto Traders
For those prioritising the absolute lowest crypto spreads and commissions, FP Markets' Raw account, with its combination of ultra-tight spreads and a per-lot commission, could be very appealing. Exness' Raw Spread and Zero accounts also offer highly competitive pricing, making them strong contenders.
For Platform Flexibility Seekers
FP Markets edges out slightly with the inclusion of cTrader alongside MT4 and MT5, offering a wider choice for traders who prefer different interfaces or advanced charting tools. Exness' Exness Terminal is also a strong proprietary platform, but cTrader is a popular choice for many.
For Regulated Environment Prioritisers
Both brokers offer strong regulatory environments. Traders can choose based on which specific regulator they feel most comfortable with, given their geographical location and personal preferences. Both ASIC and CySEC are reputable authorities.
Conclusion
Both Exness and FP Markets present compelling options for cryptocurrency CFD trading, each with distinct strengths. Exness offers a user-friendly experience with competitive spreads, while FP Markets provides a robust trading environment with excellent raw spread options, particularly attractive for active and high-volume crypto traders. Your choice will ultimately depend on your specific trading style, priorities regarding costs, platform preference, and regulatory comfort.
For a trusted and regulated trading experience with competitive conditions, we feature Vantage as a recommended partner. You can find out more and Open a Vantage account.