Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.
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BrokerDNA™
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
TradeKing
7.1
/10
VISIT TRADEKING
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
Exness
9.5
/10
VISIT EXNESS
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
XTB
10
/10
VISIT XTB
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
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About |
TradeKing is regulated by FINRA, Securities Investor Protection Corporation (SIPC). TradeKing have provided Forex, Stocks, Options, ETF, Mutual funds trading services since 2005. |
Exness is regulated by CySEC, CRFIN, BaFin, AFM, Banque de France, CNMV, CONSOB, FI, KNF. Exness have provided Forex trading services since 2008. |
XTB is regulated by the Financial Conduct Authority. XTB have provided Forex, CFD, and social trading services since 2002. |
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Why choose them? |
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Headquarters | 11605 N Community House Rd, Third Floor, Charlotte, NC 28277 | Limasol, Cyprus; St. Vincent and the Grenadines | Level 34, One Canada Square, Canary Wharf, E14 5AA, London, UK | |
TRADING SERVICES OFFERED |
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Spot Forex | ||||
Forex (CFD) | ||||
CFD | ||||
Spread Betting | ||||
Social Trading | ||||
MARKETS & INSTRUMENTS | ||||
Forex (currency pairs) | 103 | 48 | ||
Commodities Offered | 0 | 21 | ||
Stocks Offered | 0 | 1606 | ||
Bitcoin | ||||
Majors | ||||
Indices | ||||
US Stocks | ||||
Penny stocks | ||||
Energies | ||||
Metals | ||||
Agriculturals | ||||
FTSE | ||||
Dow Jones | ||||
Dax | ||||
Nikkei | ||||
ETFs | ||||
IPO | ||||
See all instruments
Losses can exceed deposits |
See all instruments
54.3% of retail investor accounts lose money when trading CFDs with this provider |
See all instruments
79% of retail investor accounts lose money when trading CFDs with this provider. |
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PLATFORM & FEATURES |
See the platforms and features offered by each broker |
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Screenshot |
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MT4 | ||||
MT5 | ||||
MT4 Mac | ||||
WebTrader | ||||
Mirror Trader | ||||
ZuluTrade | ||||
Sirix | ||||
cTrader | ||||
PAMM | ||||
Custom Platforms | Trade King | No | Xstation5 | |
APPS |
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iOS |
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Android |
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Windows |
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Available Languages |
English |
English, Russian, Chinese, Urdu, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, and Spanish |
English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian. |
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See platform & features
Losses can exceed deposits |
See platform & features
54.3% of retail investor accounts lose money when trading CFDs with this provider |
See platform & features
79% of retail investor accounts lose money when trading CFDs with this provider. |
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ACCOUNT INFORMATION |
From micro accounts to ECN accounts, compare the accounts offered by TradeKing and Exness |
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Demo account | ||||
Mini account | ||||
Micro account | ||||
Standard account | ||||
ECN Account | ||||
Islamic account | ||||
Zero spread account | ||||
VIP account | ||||
Fixed spreads | ||||
Variable spreads | ||||
See account options
Losses can exceed deposits |
See account options
54.3% of retail investor accounts lose money when trading CFDs with this provider |
See account options
79% of retail investor accounts lose money when trading CFDs with this provider. |
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TRADING CONDITIONS |
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Scalping | ||||
Hedging | ||||
Expert advisors (EAs) | ||||
Virtual private server | ||||
Direct market access | ||||
STP broker | ||||
Market maker | ||||
Min trade | $5 | 0.01 Lot | 0.01 Lot | |
Max trade | None | 200 Lot | 100 Lot | |
Min deposit | $500 | $1 | $1 | |
RISK MANAGEMENT |
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Stop losses | ||||
Limit orders | ||||
One-click trading | ||||
Trailing stops | ||||
Price alerts | ||||
Signal trading | ||||
FUNDING METHODS |
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Credit card | ||||
Bank transfer | ||||
Standard account | ||||
Paypal | ||||
Neteller | ||||
Skrill | ||||
Payment processing time | 1 business day | 1 business day | Same day if requested before 1PM | |
Withdrawal processing time | Varies | 1 business day | Same day if requested before 1PM | |
See all funding options
Losses can exceed deposits |
See all funding options
54.3% of retail investor accounts lose money when trading CFDs with this provider |
See all funding options
79% of retail investor accounts lose money when trading CFDs with this provider. |
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DETAILED INFO |
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Excluded countries | US, JP, SG | US, JP, SG | US,IN,PK,BD,IQ,IR,IL,AF,AU,CA | |
Contact email | Send Email | Send Email | Send Email | |
Phone number | 877.495.5464 | 357 25 030 959 | 44 2036953085 | |
Live Chat | ||||
Website | https://www.tradeking.com/ | https://www.exness.com/ | www.xtb.com | |
Spreads: | ||||
EUR/USD (Average: 0.7 pips) | Not offered | 1.1 pips | 0.1 pips | |
GBP/USD (Average: 1.1 pips) | Not offered | 1.2 pips | 0.1 pips | |
USD/JPY (Average: 1.1 pips) | Not offered | 0.2 pips | 0.1 pips | |
AUD/USD (Average: 0.8 pips) | Not offered | 0.2 pips | 0.2 pips | |
USD/CHF (Average: 2.3 pips) | Not offered | 0.3 pips | 0.2 pips | |
USD/CAD (Average: 2.9 pips) | Not offered | 0.3 pips | 0.3 pips | |
NZD/USD (Average: 3.6 pips) | Not offered | 0.2 pips | 0.3 pips | |
EUR/GBP (Average: 2.4 pips) | Not offered | 0.3 pips | 0.1 pips | |
View all spreads
Losses can exceed deposits |
View all spreads
54.3% of retail investor accounts lose money when trading CFDs with this provider |
View all spreads
79% of retail investor accounts lose money when trading CFDs with this provider. |
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FEES |
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Inactivity Fee | Yes | No | No | |
Commission | Yes | $10- $30 | Yes | |
Deposit Fee | No | Yes | No | |
Withdrawal Fee | No | Yes | No | |
View All Fees
Losses can exceed deposits |
View All Fees
54.3% of retail investor accounts lose money when trading CFDs with this provider |
View All Fees
79% of retail investor accounts lose money when trading CFDs with this provider. |
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Last update |
All information collected from https://www.tradeking.com/. Last updated on 01/02/2021. |
All information collected from https://www.exness.com/. Last updated on 01/02/2021. |
All information collected from www.xtb.com. Last updated on 01/02/2021. |
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Company |
TradeKing offer fair and simple pricing at $4,95 for stock and ETF trades and $4,95 plus $0,65 per contract for option traders, TradeKing value their reputation and offer instant online messaging for TradeKing customers and you will be connected with a real live person without the extended hold times if you chose to pick up the phone to discuss any questions you may have, You will also get access to some of the best research and trading tools. like stock reports. Maxit Tax Manager. Probability Calculator and Stock and Option Screeners at no additional cost, |
EXNESS was founded in 2008 and have quickly become a global leader in forex brokerage with a monthly trading volume of over 180 billion USD. EXNESS have grown to a leading player in the online brokerage company by providing 0% commission on deposit and withdrawals, tight spreads, no hidden commissions, instant withdrawals and 24/7 technical support in 13 different languages. |
XTB provides hyper fast execution and facilitates seminars with external professional traders, providing personalised education depending on your individual circumstances. |
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Popular comparisons |
Popular comparisons feat. TradeKing
ETX Capital vs TradeKing |
Popular comparisons feat. Exness
ETX Capital vs Exness |
Popular comparisons feat. XTB
XTB vs IG |
If you’re a trader looking for a broker with low spreads on popular instruments like EUR/USD, TradeKing is likely a better option. However, if you want a broker that offers MetaTrader4 as a trading platform, Exness may be more suitable.
You can determine a broker’s reliability & trustworthiness by looking at eight factors:
Based on these eight factors, we consider TradeKing and Exness to be equally reliable. We’ve broken down why below:
TradeKing is regulated by FINRA, Securities Investor Protection Corporation (SIPC), while Exness is regulated by CySEC, CRFIN, BaFin, AFM, Banque de France, CNMV, CONSOB, FI, KNF.
XTB are also regulated by the Financial Conduct Authority.
If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).
This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.
TradeKing has been around for 16 years, while Exness have been around for 13 years. Our third alternative broker, XTB, have been around for 19 years.
You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?
Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.
All three brokers above will hold your money in a separate bank account.
Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.
Both TradeKing and Exness use tier one banks, but we are not sure of which bank specifically.
If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.
We’re not aware of any penalties or fines imposed by regulators on TradeKing or Exness in the past five years.
While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.
Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.
Both TradeKing and Exness are privately owned companies.
Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.
TradeKing are based in 11605 N Community House Rd, Third Floor, Charlotte, NC 28277, while Exness are based in Limasol, Cyprus; St. Vincent and the Grenadines .
Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.
This can be broken down into three categories:
If you’re looking to trade currency pairs, both TradeKing and Exness offer forex trading. Exness have a slightly larger variety of currency pairs with 103 pairs, compared to offered by TradeKing. Also, if you’re looking to trade cryptocurrencies,
If you’re looking to trade commodities like gold, silver or oil, TradeKing may be a better fit as Exness does not offer commodity trading.
In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. XTB, for example, offer a mini account, standard account and VIP account.
If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.
While Exness also allows scalping and hedging. You can trade with EAs (expert advisors) on both TradeKing and Exness.
In terms of risk management tools, neither TradeKing or Exness offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.
Exness accept Neteller.
Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.
For trading EUR/USD, TradeKing charges points, while Exness charges 0.10 points. Therefore, TradeKing is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.
Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, Exness is more reliable based on our criteria above. Exness has a wider range of instruments to trade. Exness offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.
Most brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:
Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.