If you are looking for a standard account with cheaper, lower spreads and higher leverage, the Exness standard account is more suitable than FP Markets。

In general, a standard account is the simplest type of account a trader can access because it provides the most basic functions。The minimum deposit requirement for a standard account tends to be relatively affordable because it is aimed at beginners。

Over the years, brokers have come to realize that many traders prefer standard accounts, so they have improved the features of their respective standard accounts to attract more traders.。

Brokers such as Exness and FP Markets offer vastly improved versions of standard accounts。Exness is a multi-regulated forex broker, headquartered in Cyprus, offering competitive trading fees and spreads since 2008; on the other hand, FP Markets has been operating since 2005 and is headquartered in Australia. Similar to Exness, it is also well regulated and provides traders with a large number of excellent trading tools to help them maximize their personal trading style。

But in terms of standard accounts, is Exness better than FP Markets？Yes, it does, especially in terms of deposit requirements, spreads and leverage。Let's delve into the following discussion to elaborate on the statement。

Exness Standard Account

Exness offers two forms of standard accounts: standard accounts and standard cent accounts.。Both have similar characteristics, with a minimum deposit of $10, and offer trading platforms for MetaTrader 4 and MetaTrader 5.。On the MT5 trading platform, the leverage is 1: unlimited; MT4 users can also choose to trade with 1: unlimited leverage, but this has certain conditions。

Unlimited leverage refers to the highest leverage setting available to Exness traders。However, this is not the default and is generally recommended for experienced traders interested in testing various strategies or intending to open larger trading positions.。These conditions will help reduce exposure while giving experienced traders the opportunity to take advantage of this unique feature:

• Trading account net worth must be less than $1,000。
  Must close at least 10 orders (excluding pending orders) with a minimum value of 5 lots。

Once the above conditions are met, traders will find the option of unlimited leverage in the leverage settings of their standard account。However, it should be noted that once unlimited leverage is activated and the net value level of the standard trading account rises to a certain level, the maximum available leverage will automatically change, as shown in the table below。

Amount	Maximum available leverage
$0 – $999.99	1: Unlimited (if eligible), the default leverage is 1: 2000
$1,000 – $4,999.99	1:2000
$5,000 – $29,999.99	1:1000
$30,000 and above	1:500

It is worth noting that some of the trading tools that Exness offers on its standard account are not available for unlimited leverage, including stocks, indices, foreign currency pairs, stocks and cryptocurrencies.。This is because these instruments have fixed margin requirements that make them insusceptible to unlimited leverage。

No commission is charged on transactions, with spreads from 0.From 3 o'clock。Traders can also open up to 100 accounts with a minimum position size from 0.01 hands to 20-200 hands, depending on the time of order initiation。

The order execution type is market execution, which means that orders initiated by traders are executed at the market price set by the liquidity provider and the broker does not have to pay any additional fees.。The standard account provided by Exness also has a stop loss function set to 0% to protect the trader from pushing the account balance to a negative number, also known as negative balance protection。The broker reserves the right to revoke this negative balance protection if a trader is found to have abused this feature。

Margin requirement for Exness standard account set at 60%。Most financial instruments offered on standard accounts have dynamic margin requirements, which change with leverage-an increase in leverage will lead to a decrease in margin requirements, and vice versa。However, margin requirements may be affected by factors such as economic news releases。

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The choice of broker is adjusted according to the needs of each trader. If you only need the basic platform and trading functions with the best attributes, then Exness may be your best choice。

Exness with its 0 only.Advantages such as the low spread from 1 o'clock make up for the lack of changes in its functions, which is very suitable for traders using scalping strategies (Scalper)。Spreads for major currency pairs in some account types can also be as low as 0.0 point, depending on market conditions。

Not only that, traders can also enjoy other advantages such as automatic withdrawals。Exness will process most customer withdrawals immediately without manual inspection; however, depending on the payment provider or method selected, withdrawals may be restricted。

Exness is one of the STP / ECN brokers in Europe, and the safety of traders' funds is also guaranteed。Exness became the official partner of Real Madrid football team for 3 years from July 2017, which also proves that the company has a high degree of stability.。

Exness supports deposits and withdrawals 24 hours a day, 7 days a week。However, it should be noted that the Company does not assume any responsibility if there is a problem with the deposit or withdrawal due to the payment system.。

Traders don't need to worry about transaction fees when making deposits and withdrawals.。Exness does not charge traders any transaction fees, and the chosen payment provider may incur some fees。Exness offers traders a variety of payment methods, including wire transfers, bank cards, Neteller, Skrill and more。

Financial reports and metrics on the Exness website are audited quarterly by Deloitte, one of the world's top four accounting firms。

In addition, Exness is one of the most transparent brokers in the online trading industry, and traders can find all the information about the company on the website, such as trading volume, number of active customers, customer deposits, company funds, etc.。

Exness offers different platforms, including MetaTrader 4, MetaTrader 5, web and mobile platforms。This makes it easier for traders to trade on Exness because they can also access the Exness platform anytime, anywhere.。

Over the years, Exness has developed into a broker that attracts traders, who comply with financial regulations such as FCA and CySEC, further strengthening their trust.。

One measure of customer confidence is the volume of transactions。As of December 2018, the monthly trading volume of its clients reached $348.4 billion, with more than 50,342 active traders worldwide.。

With the programs offered by Exness, traders also have the opportunity to earn extra income by becoming their partner。By introducing the Broker (IB) program, partners can earn up to 33% spread commission from each new customer who registers。

Additional income from Exness Partners。Traders who register through the member link can earn up to 25% spread commission per trade.。

Customers can also use their free VPS hosting service when trading at Exness。VPS (Virtual Private Server) provides traders with greater reliability and stability because they can maintain their trading and expert advisors without interruption in the event of unexpected technical problems (such as Internet or power outages)。

It can be concluded from the comments above that Exness is a trader's favorite broker due to its low spreads and flexible account type, ideal for traders with limited funds but need more opportunities to maximize profits。The broker is also known for its maximum support for new and old partners.。

FP Markets Standard Account

FP Markets standard accounts are available in MT4 and MT5 (similar to Exness), and traders can choose an account that is more suitable for them。No commission is charged regardless of the platform, while the trader also gets 1.Low point difference from 0 o'clock。

Leverage is very flexible, traders can use leverage up to 1: 500。More than 70 financial instruments to choose from, including forex, commodities and indices。The minimum deposit requirement is 100 Australian dollars or a corresponding amount in other currencies, which is quite affordable。The account also has lightning-fast execution speed, which can be achieved through the broker's fiber connection to a dedicated top-level server in the NY4 facility。

If a trader opens an MT4 standard account at FP Markets, they will be able to access some of the most popular forex currency pairs (EUR / USD, GBP / USD, USD / JPY and USD / CHF) or choose from a set of other base currencies such as AUD。There are also advanced charting tools on the platform, and traders can use EA to take advantage of the fast execution speed provided by FP Markets, as well as a large number of automated trading options and the latest news in the Forex market for traders to consider.。

The FP Markets MT5 standard account is more suitable for experienced traders because they can maximize the use of various technical analysis tools. It allows customization of the platform to adapt to the strategy or style adopted by the trader。

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Maintaining an overnight position will not result in overnight / rollover fees reducing your income, so you don't have to worry about。FP Markets offers the most competitive swap rates in the industry by introducing swap points in the form of real-time swap rate listings on the MT4 and MT5 platforms。For example:

ACWI: long position is -5.00, the short position is -2.50。
ADAUSD: long position at -20.00, with a short position of -20.00。
AGG: long position is -5.00, the short position is -2.50。

Which standard account is better?？

This is subjective when determining a better standard account between Exness and FP Markets, as both are reputable brokers that offer accounts on the MT4 and MT5 trading platforms。In addition, they all provide the ability to quickly execute orders at market prices, allowing traders to minimize transaction costs and maximize trading opportunities。

Some traders may prefer the FP Markets standard account because they think the FP Markets trading tools are more suitable for them, while others may prefer Exness because the minimum deposit requirement for Exness is lower; available leverage may be another factor that traders consider when deciding to choose a standard account。

Standard Account	Exness	FP Markets
Minimum deposit	$10	100 AUD
Platform	MT4、MT5	MT4、MT5
Spread	0.From 3 o'clock	1.From 0 o'clock
Deposits	❌	❌
Leverage	1: Unlimited	1:500
Other	Market Execution 0% Stop Loss Level 60% margin call level	Lightning execution speed Advanced charting tools Extensive technical analysis tools

Overall, Exness standard accounts may be better than FP Markets due to lower minimum deposit requirements, lower spreads, and higher leverage。