Side-by-side regulation, cost, platforms, and score -- generated from the same disclosed data and methodology behind our rankings.
| Trade Nation | Exness | |
|---|---|---|
| Overall score | 3.33 / 5 | 3.97 / 5 |
| Regulation | EU-regulated (MiFID passporting) + FCA No. 525164 + FSA Seychelles-licensed (licence number unconfirmed) Regulated directly in the EU via Portugal's CMVM (not CySEC/Cyprus), alongside the FCA (UK), ASIC (Australia), and the FSCA (South Africa). Also holds a Bahamas SCB registration, not Tier-1 and excluded here. FSA Seychelles-licensed, per the official FSA Capital Markets register; licence number not independently confirmed. |
CySEC No. 178/12 + FCA-licensed (FRN unconfirmed) + FSA Seychelles No. SD025 Exness Group also holds licences in Seychelles (FSA), Mauritius (FSC), BVI (FSC), Curacao (CBCS), Jordan and the UAE, but these are not on the approved Tier-1 list so are excluded here. FCA-licensed via Exness (UK) Ltd; per Exness's own disclosures this entity does not serve retail clients -- confirm current status before relying on it. |
| Entity | Trade Nation Financial Markets Limited | Exness (Cy) Ltd |
| Founded | 2014 | 2008 |
| Headquarters | London, UK | Limassol, Cyprus |
| Minimum deposit | Not independently confirmed | $10 (varies by payment method; some methods allow as low as $1) |
| Avg. spread (EUR/USD) | Not independently confirmed | 0.2 pips |
| Platforms | MT4, TradingView, Proprietary (TN Trader) | MT4, MT5, Proprietary (Exness Terminal) |
| Other Tier-1 regulators | ASIC, FSCA | FSCA, CMA |
| Instruments | 1,000+ instruments (a marketing claim; count not independently verified) across forex (30-35+ pairs), indices (20-40+), a small commodities range (mainly metals/energy), and shares (hundreds, across UK/Europe/Asia/US); crypto CFDs are offered only via its Bahamas/Seychelles entities, not on the UK consumer site. | 100+ instruments across forex, indices, commodities, stock and crypto CFDs |
| Visit | Visit Trade Nation | Visit Exness |
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