Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

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

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.

VISIT TRADEKING
Exness
9.5 /10

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.

VISIT EXNESS
XTB
10 /10

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.

VISIT XTB
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.

Why choose them?
  • Yes Over 13 years in business
  • Yes
  • Yes
  • Yes Over 10 years in business
  • Yes Segregates clients funds
  • Yes Regulated by CySEC, CRFIN, BaFin, AFM, Banque de France, CNMV, CONSOB, FI, KNF
  • Yes Over 16 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, KNF, and CMB.
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

Spot Forex Yes Yes Yes
Forex (CFD) No No Yes
CFD No No Yes
Spread Betting No No No
Social Trading No No No
MARKETS & INSTRUMENTS
Forex (currency pairs) 103 48
Commodities Offered 0 21
Stocks Offered 0 1606
Bitcoin No No Yes
Majors Yes Yes Yes
Indices Yes No Yes
US Stocks Yes No Yes
Penny stocks Yes No Yes
Energies No Yes Yes
Metals Yes No Yes
Agriculturals No Yes Yes
FTSE Yes No Yes
Dow Jones Yes No Yes
Dax Yes No Yes
Nikkei Yes No Yes
ETFs Yes No Yes
IPO Yes No Yes
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

75% of retail investor accounts lose money when trading CFDs with this provider.

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 No Yes Yes
MT5 No Yes No
MT4 Mac No Yes Yes
WebTrader Yes Yes Yes
Mirror Trader No No Yes
ZuluTrade No No No
Sirix No No No
cTrader No No No
PAMM Yes No No
Custom Platforms Trade King No Xstation5

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image Yes No Yes
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.

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

75% of retail investor accounts lose money when trading CFDs with this provider.

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by TradeKing and Exness

Demo account No Yes Yes
Mini account Yes Yes Yes
Micro account No No Yes
Standard account Yes Yes Yes
ECN Account No Yes No
Islamic account No Yes Yes
Zero spread account No No No
VIP account No No Yes
Fixed spreads No Yes Yes
Variable spreads Yes Yes Yes
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

75% of retail investor accounts lose money when trading CFDs with this provider.

TRADING CONDITIONS

Scalping No Yes Yes
Hedging No Yes Yes
Expert advisors (EAs) Yes Yes Yes
Virtual private server No Yes No
Direct market access No No Yes
STP broker No Yes Yes
Market maker Yes Yes Yes
Min trade $5 0.01 Lot 0.01 Lot
Max trade None 200 Lot 100 Lot
Min deposit $500 $1 $1

RISK MANAGEMENT

Stop losses No No Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops No No Yes
Price alerts Yes Yes Yes
Signal trading Yes No Yes

FUNDING METHODS

Credit card No Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No No Yes
Neteller No Yes Yes
Skrill No No Yes
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

75% of retail investor accounts lose money when trading CFDs with this provider.

DETAILED INFO

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 Yes No Yes
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

75% of retail investor accounts lose money when trading CFDs with this provider.

FEES

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

75% 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 01/12/2019.

All information collected from https://www.exness.com/. Last updated on 01/12/2019.

All information collected from www.xtb.com. Last updated on 01/12/2019.

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,

TradeKing will give you access to their award winning community of traders including top pros to share ideas. experiences and strategies for online trading, TradeKing invest in technology to provide you with the best trading experience including fast trade executions guaranteed to be at the National Best Bid or Offer or better,

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.

By choosing to open an account with EXNESS you will be choosing a brokerage that has access to leading positions in the forex market, free VPS hosting and available on multiple platforms including the universal standard MT4 and MT5. They are a top choice for traders seeking a quality online broker and are opening over 15,000 new accounts every month.

XTB provides hyper fast execution and facilitates seminars with external professional traders, providing personalised education depending on your individual circumstances.

XTB operates with two factors in mind; to provide traders with the fastest execution speeds and to be the most transparent broker on the market, which is reflected by the services and products they provide.

XTB also have a dedicated education area - the Trading Academy - which contains material to help you become a better trader, including video tutorials, trading courses, articles and much more to improve your skills at every step of your trading journey.

If you are looking for a broker that is regulated by the Financial Conduct Authority and focuses on transparency, fast execution speeds and customer service, XTB is a great option.

For more information about trading with XTB, we have put together an in-depth XTB review covering the pros and cons of this broker.

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TradeKing or Exness?

Low spreads or access to MT4?

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.

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider TradeKing and Exness to be equally reliable. We’ve broken down why below:

Who are they regulated by?

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.

How long have they been around for?

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 14 years, while Exness have been around for 11 years. Our third alternative broker, XTB, have been around for 17 years.

Do they hold your money in a separate bank account?

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.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

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.

Have they been fined or penalised in the last five years?

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.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

Are they publicly listed?

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.

Where are they located?

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 .

Do they offer the features you need?

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:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

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.

Platforms & Account Types

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.

Trading features, risk management tools & funding methods

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.

Are they affordable for what you need?

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.

The Verdict: TradeKing or Exness?

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.