Exness against FBS, on the same criteria
Exness and FBS side by side, on the same criteria as the main ranking.
Exness vs FBS
| Criterion | Exness | FBS |
|---|---|---|
| Allowed to serve clients in the country | —not confirmed | Yes, no local regulator warning found |
| Swap-free (Islamic) account | Yes, swap-free accounts offered | Yes, swap-free accounts offered |
| EURUSD spread, commission-free account | —not confirmed | 0.7 pips |
| Local deposit and withdrawal methods | —not confirmed | 3 (Local bank transfer, cards, e-wallets) |
| Licence from the local regulator | No, the entity serving PK holds no licence from the local regulator | No, not licensed by SECP |
| Trading platforms | 5 (MetaTrader 4, MetaTrader 5, Exness Terminal (web), the Exness Trade app for Android, iOS) | 3 (MT4, MT5, FBS Trader app) |
| Minimum depositfor reference — visible only inside the account, so it is not scored | USD 10 | USD 5 |
| Maximum leveragefor reference — visible only inside the account, so it is not scored | 1:Unlimited, conditional | 3000:1 maximum |
| Operating sincefor reference — visible only inside the account, so it is not scored | 2008 | 2009 |
— not confirmed: we could not find this stated anywhere public, and we would rather leave a gap than invent a number.
Scored on 6 criteria with published weights — see the methodology page.
Exness vs FBS: Where the practical differences show up
Exness and Fbs are both offshore brokers serving Pakistan, and the choice between them comes down to spreads, platform count, deposit size, and leverage. Neither holds a licence from the local regulator, so the comparison is about trading conditions rather than local oversight.
Account structure and what you pay per trade
Exness splits its offering across Standard, Pro, Zero, and Raw Spread accounts. Standard and Pro carry no commission, with spreads starting from 0.2 pips on Standard and 0.1 pips on Pro. Zero and Raw Spread start from 0.0 pips but add a commission: from 0.05 USD per lot per side on Zero, and up to 3.50 USD per lot per side on Raw Spread. These figures are marked as requiring verification.
Fbs offers Cent, Standard, ECN/ECO, Zero Spread, and Crypto accounts. On the commission-free account, EURUSD spreads come in around 0.7 pips. For gold, Fbs lists a spread from 0.5 points, while Exness published a XAU/USD spread of 0.26 USD on Standard in September 2026. Gold spreads on Exness float with the market, and the company does not publish a fixed figure for XAUUSD.
Platforms and the tools you actually see
Exness supports five platforms: MetaTrader 4, MetaTrader 5, the Exness Terminal for web, and the Exness Trade app for Android and iOS. Fbs gives you three: MetaTrader 4, MetaTrader 5, and the FBS Trader app.
Both brokers offer demo accounts and swap-free accounts, which matters for traders who need to avoid overnight swap charges. Exness also includes negative balance protection, and its platform environment lists an economic calendar, Trading Central, and FXStreet inside the terminal.
Deposits, leverage, and how fast money moves
The minimum deposit is 10 USD at Exness and 5 USD at Fbs. Exness advertises conditional unlimited leverage, while Fbs caps leverage at 3000:1.
On funding, Exness states there is no broker fee and third-party fees are covered by Exness. Fbs lists a 0% deposit fee and does not specify the withdrawal fee. Withdrawal time at Fbs is cited as 24 hours; Exness does not publish a comparable processing time in the facts here, only that there is no broker fee on withdrawals.
Leverage is the one number on this page that cuts both ways. Treat the maximum as a limit, not a target, and size positions off your balance instead.
What you can trade and who is not accepted
Exness lists more than 250 instruments. Fbs lists more than 550. Fbs does not serve clients from the USA, EU countries, the United Kingdom, Israel, Iran, or Myanmar. The facts do not include a comparable restriction list for Exness.
Neither broker holds a licence from SECP. Fbs is described in the source data as offshore, and Exness operates through a group of entities regulated in Seychelles, Curacao, BVI, Belize, Mauritius, Kenya, Jordan, South Africa, Cyprus, and the UK. For a trader in Pakistan, the practical point is that neither name appears in a local regulator warning at the time of review, though the broader legal status of retail forex in Pakistan is covered elsewhere and is not repeated here.
Questions traders ask before picking one
Which broker is cheaper for gold?
Exness published a XAU/USD spread of 0.26 USD on Standard, while Fbs lists gold from 0.5 points. Exness does not publish a fixed gold spread because it floats with the market, so the live figure in Market Watch is what actually applies at any moment.
Can I open a swap-free account with either?
Yes. Both Exness and Fbs offer swap-free accounts, which is relevant for traders who need to avoid overnight swap charges.
What is the smallest deposit I can start with?
Fbs has the lower minimum at 5 USD. Exness requires 10 USD.
Does either broker hold a Pakistani licence?
No. Neither the Exness entity serving Pakistan nor the Fbs entity serving Pakistan holds a licence from SECP. The comparison is between offshore brokers regulated abroad.
Which platform setup gives me more options?
Exness offers five platform options, including a web terminal and a dedicated mobile app. Fbs offers three: MT4, MT5, and the FBS Trader app.