Exness is one of the biggest retail brokers in the world by monthly volume. NextTrade is the fresh 2026 launch from the team behind FunderPro. Different scale, different track records, but both sell themselves on low spreads and serious leverage.
Here is how the two actually line up on the numbers traders care about.
Quick verdict
Exness wins on scale, regulator diversity and instant crypto withdrawals. NextTrade wins on commission per lot, its higher VIP rebate tier and a simpler account structure. On regulation alone, Exness has the bigger moat.
Spreads and commission
Both brokers quote 0.0 pips on their raw accounts. Round turn cost is where the difference shows up:
- NextTrade Raw: $4 per lot round turn; VIP tier below that with volume.
- Exness Raw Spread: $7 per lot round turn ($3.50 per side).
- Exness Zero: variable per-instrument commission, higher on exotics.
On flat commission alone, NextTrade is the cheaper venue. The gap matters more for high-frequency scalpers than for swing traders holding positions for days.
Regulation
Exness holds seven licences: FCA (730729), CySEC (178/12), FSCA, FSA Seychelles (SD025), FSC BVI, FSC Mauritius and CMA Kenya. The FCA and CySEC entities give Exness genuine tier-one cover for UK and EU clients.
NextTrade operates under FSC Mauritius only (GB25204563). That is the same regulator that backs one of the Exness entities, so NextTrade is not unregulated, but it sits on the offshore tier. Investor protection there is thinner.
For UK or EU traders specifically, Exness' FCA and CySEC entities give stronger recourse.
Leverage and sizing
Exness advertises up to 1:2000 leverage on its offshore entities, which is the highest in the retail space. NextTrade offers up to 1:1000. Both sit far above what FCA or ASIC retail clients can access, which is 1:30 on majors.
Minimum deposit is $1 on Exness Standard Cent, $10 on Standard and $200 on Pro, Raw Spread or Zero. NextTrade sits at $100 across the board, which is simpler but less flexible for micro-account testing.
Platforms
Exness runs MT4, MT5, Exness Trade and Exness Terminal. Exness Terminal is a web platform that most casual traders actually prefer to MT5. NextTrade is MT5 only at launch.
If you trade from a phone and do not want to set up MT5, Exness is the more convenient entry point.
Instruments
Exness covers forex, indices, commodities, crypto and stocks. NextTrade launches with forex, indices, metals and energies. If you want single-name equity CFDs, NextTrade does not carry them yet.
Withdrawals
Exness is known for instant crypto withdrawals on most pairs. Cards and e-wallets are typically same day. NextTrade processes card and crypto withdrawals inside 24 hours in most cases but does not formally advertise instant.
Who should pick which
Pick Exness if you want FCA or CySEC protection, the highest retail leverage in the industry, instant crypto withdrawals or a platform beyond MT5. Pick NextTrade if you want lower per lot commission, a simpler Standard/Raw/VIP structure or you want to trade with the FunderPro team's broker.
FAQ
Is Exness regulated by the FCA?
Yes. Exness holds an FCA licence under FRN 730729 through Exness (UK) Ltd. UK clients of that entity are covered by FSCS up to £85,000.
What regulation does NextTrade hold?
NextTrade is authorised by the Financial Services Commission of Mauritius under licence GB25204563. This is its only active licence.
Which has lower trading costs?
NextTrade, on flat commission per lot. Raw is $4 round turn versus Exness Raw Spread at $7. Actual total cost also depends on live spread at the time of execution.
Which offers higher leverage?
Exness. Offshore entities go up to 1:2000. NextTrade caps at 1:1000. Both are far above FCA or ASIC retail caps of 1:30.
Does NextTrade offer cent accounts?
No. NextTrade launches with Standard, Raw and VIP only. Exness offers a Standard Cent account for very small starting balances from $1.
Can I trade stocks on NextTrade?
Not at launch. NextTrade lists forex, indices, metals and energies. Exness covers stock CFDs on top of those.