So, have you decided to venture into the world of forex trading? Have gathered enough information to know how important picking a forex broker is to be successful at this business? Are you confused about which forex broker to pick because there are so many and everyone seems kind of promising to you? Then do not worry at all. Today we are going to help you with that by comparing the benefits and qualities of Graphene FX and Exness, two of the most renowned forex brokers available online.
Here are some points based on which we have compared these brokers:
Graphene FX is a legitimate forex broker regulated by National Futures Association (NFA). They also offer balance protection for their clients’ funds. On the other hand, Exness is regulated by the world’s reputed authorities; the Cyprus Securities and Exchange Commission of Cyprus, and the Financial Conduct Authority of the United Kingdom. Based on those factors, both brokers are considered trustworthy and secure forex brokers.
Spreads and other charges:
Graphene FX is considered to be a low-cost broker as they have the ideal charges when it comes to forex. Their standard account charges include minimum spread starting from 0.1 pips, no withdrawal fee, no commissions, no inactivity fee, and no deposit fee. The minimum amount required to open an account with this broker is $100. Their charges vary depending on the account type offered at their platform.
Excess is also one of the low-cost brokers, their trading charges include a minimum deposit of $1, minimum spreads starting from 0.3 pips, no commissions, no rollover fees, no margin interest, and their charges also vary depending on their account types offered.
Graphene FX and Exness have a similarity in offering trading platforms. They both offer widely used forex trading platforms called MT4 and MT5 which are developed by MetaQuotes Software Corp. The platform features include alerts, one-click trading, chart options, indicators, and many other useful tools for an investor.
Graphene FX offers a wide range of trading instruments including Forex, stocks, indices, cryptocurrencies, commodities, and metals.
Exness has an equally wide range of trading instruments available on their platform such as forex pairs, CFDs on metals, stocks cryptocurrencies.
Graphene FX offers complete educational content including basic to advanced trading courses free of cost, daily blogs, updates, news, and videos to help their customers grow in their trading skills.
Exness has limited material for their users to learn forex skills, however, they do provide trading research and news from Dow Jones along with analytical reports on financial assets through trading central.
The customer service for Graphene FX is offered via phone call, live chat, email, and WhatsApp. Their team is very active and is available 24/7.
Exness offers customer services via call back, phone, chat, and email options. Their services are also available 24/7 and in addition, customer support is offered in multiple languages including Arabic, Chinese, English, Hindi, Indonesian, Korean, Russian, Thai, Urdu, Vietnamese.
In conclusion, we have to mention that both Graphene FX and Exness are the best choice for any investor based on all their services which are available at remarkably lower costs. However, it was observed during this review that Graphene FX is suitable for both professionals and beginners in forex, and Exness lacks basic forex educational content so it might be good for experienced individuals in the field only.