This article offers a detailed comparison between FXGT’s Optimus Account and Exness’s Unlimited Leverage, highlighting leverage options, trading conditions, and platform features to help traders make informed decisions.
FXGT vs Exness. Table of Contents
Leverage Options and Flexibility
- FXGT’s Optimus Account provides a formidable 5,000x leverage, one of the highest available in the market. This allows traders to open significant positions with a relatively small amount of capital.
- Exness offers “unlimited leverage,” allowing traders virtually limitless exposure to markets, depending on the account balance and trading strategy employed.
Leverage Management Before and After Unlocking
- At FXGT, unlocking the full 5,000x leverage involves trading a certain number of times or handling specific lot sizes, known as GT lots, where each GT lot corresponds to $100,000 in trading volume.
- Exness simplifies the process with fewer prerequisites for unleashing its highest leverage, providing quicker access to increased leverage capabilities.
Instruments Eligible for High Leverage
- FXGT restricts high leverage on riskier assets like the Swiss franc and Turkish lira. In contrast, Exness offers more flexibility, including high leverage on precious metals and energy contracts.
Leverage Restrictions Under Various Conditions
- FXGT imposes leverage restrictions during periods of high volatility, such as market news announcements or market opens/closes. These measures are designed to mitigate risk during unpredictable market movements.
- Exness maintains higher leverage availability during these critical periods, which can be beneficial for news traders.
Financial Commitments and Account Conditions
- Account Types Available
- – FXGT offers the Optimus Account specifically for traders interested in maximum leverage.
- – Exness provides a broader range of account types, all of which can potentially offer unlimited leverage.
- Initial and Subsequent Deposits
- – The initial deposit requirement at FXGT is lower than at Exness, making it more accessible.
- – Subsequent deposits at FXGT remain low, enhancing affordability for continuous trading.
Spread and Trading Costs
- Both FXGT and Exness offer competitive spreads and trading fees, with FXGT particularly noted for its lower costs and absence of fees on deposits and withdrawals.
- Exness occasionally provides tighter spreads on specific pairs, advantageous for scalpers.
Additional Trading Features
- Swap-Free Trading Options
- – FXGT offers swap-free trading up to 2 days, suitable for short-term traders avoiding rollover fees.
- – Exness offers an almost indefinite swap-free period, appealing to long-term traders or those using carry trading strategies.
- Trading Tools and Platform Accessibility
- – FXGT supports MetaTrader 5, catering to traders seeking advanced trading tools and features.
- – Exness supports multiple trading platforms, including MetaTrader 4 and MetaTrader 5, accommodating a wider range of trader preferences.
Recent Updates and User Feedback
- Recent updates have seen FXGT introduce cryptocurrency withdrawals, catering to the growing demand for crypto trading.
- Exness has adjusted its leverage offerings in response to market conditions and regulatory changes, ensuring compliance and trader safety.
- User feedback highlights satisfaction with both platforms’ leverage options and trading platform support, though some concerns about withdrawal speeds and customer service responses have been noted.
Choosing between FXGT’s Optimus Account and Exness’s Unlimited Leverage should be based on your specific trading needs and risk tolerance. Both platforms offer compelling features for high-leverage trading, and the decision should align with individual trading strategies, financial goals, and experience level.
Please check FXGT official website or contact the customer support with regard to the latest information and more accurate details.
FXGT official website is here.
Please click "Introduction of FXGT", if you want to know the details and the company information of FXGT.
(Forex Broker)
Comment by Diletta
March 26, 2024
Awesome bonuses, good leverage. A few hiccups, but support rocks!