Exness vs ProsperityFx Comparison in 2024

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Forex traders always look for trading with brokers that suit their trading needs and preferences. Exness and ProsperityFX are online forex brokers that offer their trading services to traders and investors. Exness is a highly regulated and trusted forex broker. It is regulated in two tier-1 jurisdictions and one tier-4 jurisdictions. On the other hand, ProsperityFX is an offshore forex broker which is not regulated by any regulatory bodies. 

In this article, we will review and compare the brokerage services offered by Exness and ProsperityFX. We will explore options such as regulations, reputations, fees, features, leverage, and more. Additionally, we will analyze and rate the brokers based on macro and micro categories and options. By reviewing these aspects, you will get a clear idea of which broker suits you best for your trading journey. 

Exness

Established in 2008, Exness is a regulated forex and CFD broker. It is regulated by multiple jurisdictions. The broker gives access to trade more than 230 tradable instruments on its MT4 and MT5 Trading platforms. The broker allows copy trading, news trading, and EA Trading. You can start trading with as low as 0.01 lot in Exness. The broker also offers a very tight spread starting from 0.3 pips. The broker is regulated by FCA, CySEC, CMA, CBCS, FSCA, (FSC) in BVI, (FSC) in BVI Mauritius, and FSA in Seychelles. However, Exness does not have ASIC regulation. To learn more, you can read our review on Exness.

Exness Overview

Exness Overview
  • Founded In: 2008
  • Founder: Petr Valov, Igor Lychagov
  • Headquarters: Limassol, Cyprus
  • Trading Instruments: 200+ Trading Instruments including Forex, CFDs, Cryptocurrencies, Stocks CFDs, Commodity CFDs
  • Minimum Deposit: as low as $1 for standard accounts, $200 for Pro, Raw Spread, and Zero accounts.
  • Maximum Leverage: 1:Unlimited (condition apply)  or 1:2000 for FCS, CFCS, 1:30 for ASIC, CySEC jurisdiction, 1:400 for CMA Jurisdiction
  • Regulations: FCA, CySEC, CMA, CBCS, FSCA, (FSC) in BVI, (FSC) in BVI Mauritius, FSA in Seychelles
  • Trading platform: MT4, MT5, MetaTrader WebTerminal, MetaTrader Mobile,  Exness Trade App, Exness Terminal
  • Account Types: Standard, Pro, Raw Spread, Zero
  • Payment Options: VISA, MasterCard, AstroPay, Bitcoin, Boleto, CASHU, FasaPay, Local Bank Deposits, Local Bank Transfers, Neosurf, Neteller, Oxxo, PerfectMoney, Skrill, Tether (USDT), WebMoney
  • Funding Currencies : AED, ARS, AUD,  AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP,  PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR,
  • US Traders: Not Accepted

ProsperityFX

ProsperityFX facilitates the trading of over 200 forex and CFDs on its MT4 platforms. Founded in 2020, the broker offers multiple account types, ECN raw spreads, fast executions, and 24/7 support. You can fund your account via several cryptos and there are no extra charges for deposits or withdrawals.

ProsperityFX Overview
  • Founded In: 2020
  • Minimum Deposit: Between $25 and 500 (Standard Account: $50, Pro: $500, Var: $250, Mini: $25, Islamic:$50
  • Maximum Leverage: 500:1
  • Regulations: None 
  • Trading platform: MT4
  • Account Types: Standard, Pro, Var, Mini 
  • Payment Options: VISA, MasterCard, Bitcoin
  • US Traders: Accepted 

Exness vs ProsperityFX: Side By Side Comparison

Exness vs : ProsperityFX Features

Exness:

  • Trading Instruments: 200+ trading instruments including  Forex, Crypto CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs, 
  • Maximum leverage: up to Unlimited :1 
  •  Minimum Deposit: $1 
  • Account Types: Exness offers 5 different types of accounts including Standard, Standard Cent account, Pro,  Raw Spread, Zero accounts 
  • Fees: starting from 0.2 pips for a standard account, 0.3 pips for a standard cent account, 0.1pip for a pro account, up to 3.50 per Lot per one side for a raw spread account, 0.05/lot per side for a zero account,
  • PAMM/ MAM:  Not Available 
  • Scalping: Allowed 
  • News Trading: Allowed
  • EA/ Robot Trading: Allowed

Exness vs ProsperityFX: Pros and Cons

Exness Pros & Cons

Pros
  • Top tire regulations ( FCA, CySEC, FSC, FSA-S SBCS, FSCA, BVI FSC, and so on. 
  • The maximum leverage is as high as 1:unlimited or 1:2000
  • The minimum deposit is as low as $1 or depends on payment methods
  • Free VPS hosting; to qualify, you need to trade for a minimum of 14 days and lifetime deposits of $500;
  • Competitive spreads starting from 0.2 pips on standard accounts
  • Swap-Free/Islamic Account Provided
  • Scalping, EA Trading, and Copy Trading are allowed 
  • Instant Withdrawal of Money 24/7
Cons
  • No Passive investment programme ( PAMM, MAM Accounts) 
  • No Ctrader, Tradingview, zulutrade offered 
  • US Traders are not accepted 
  • Only MT4 and MT5 Trading Platforms 
  • Limited educational resources

ProsperityFX Pros & Cons

Pros
  • Low Minimum Deposit - Starting from $10
  • Allow Crypto CFD Trading 
  • Demo Accounts are Available 
  • Higher Leverage for US, and EU clients. 
  • Allow Scalping, EA Trading and News Trading 
  • Hugosway Accepts Crypto Deposits
Cons
  • Offshore Broker with very limited information
  • Limited Deposit and Withdrawal Option 
  • Spread sometimes  widens during market volatility
  • Unregulated Forex broker  
  • No Managed Account Options

Exness vs ProsperityFX: Side-by-Side Comparison

Exness
Prosperityfx
Product
Product
Exness
Prosperityfx
Founded In
Founded In
2008
2020
Founded By
Founded By
David Morris
Lee Sullivan
Headquarters
Headquarters
Limassol, Cyprus
Kingstown, St. Vincent and the Grenadines
Regulations
Regulations
FSA, CBCS, FSC, FSCA, CySec, FCA, CMA
None
Min Deposit
Min Deposit
$200
$25
Max Leverage
Max Leverage
1: Unlimited
500:1
Tradable Assets
Tradable Assets
Forex , Commodities, Stock ,Indices , Crypto
Trade Forex, Indices, Commodities and Cryptocurrencies with some of the tightest spreads available in the market
Fees
Fees
as low as 0.1 pips or commission upto $3.5 each side per lot
Spread from 0.8 pips
Platforms and Tools
Platforms and Tools
MT4, MT5, MetaTrader WebTerminal, MetaTrader Mobile, Exness Trade App , Exness Terminal
MT4
US Traders
US Traders
Not Allowed
Allowed

Exness Vs ProsperityFX: Our Scores and Ratings

We rated both brokers, Exness and ProsperityFX, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.

Exness :

9.1
Exness Scores
Regulation and Security (40%)9.3
Fees and Commissions (20%)9.5
Trading (15%)8
Trading tools (10%)9
Customer Support (10%)9
Trading Education (5%)9

ProsperityFX

3.6
ProsperityFx Scores
Regulation and Security (40%)1.5
Fees and Commissions (20%)5
Trading (15%)6.5
Trading tools (10%)1
Customer Support (10%)5
Trading Education (5%)9

Final Verdict :

Both Exness and ProsperityFX offer similar trading services worldwide. However, there are differences in their regulations, reputation, and operation. Exness is a highly regulated and trusted forex broker. It is regulated by top-tier regulatory authorities, including FSA-S , CBCS , FSC Mauritius, FSCA , CySEC , FCA ,BVI FSC. On the other hand, ProsperityFX is an unregulated offshore forex broker. Exness provides Multiple trading platforms including MT4, MT5. On the Contrary, ProsperityFX does not offer MT4/MT5. 

As Exness is not licensed in the USA, it cannot accept US clients. Being an unregulated offshore forex broker, ProsperityFX can onboard clients from anywhere in the world, including the USA. Therefore, non-US traders may opt for Exness, while US traders looking for offshore forex brokers may consider ProsperityFX. Trading with offshore forex brokers is risky and not recommended.

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

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