Two brokers face off on regulation, cost, and platform access. The axis centers on safety, price transparency, and instrument variety, setting the stage for a clear divergence.
Exness edges MIFX on overall editorial score thanks to stronger regulation, a compensation scheme, and negative balance protection.
Find out which broker best suits your trader profile.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Exness offers tighter spreads from 0.30 pips vs 1.50 pips for MIFX, reducing trading costs.
| Editorial score | 4.4/ 5 | 3.8/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.3 / 5▲ | 3.7 / 5 |
Pros
Near-unlimited leverage on offshore entity
Extremely low $1 minimum deposit on Standard account
Instant withdrawals available 24/7 including weekends
One of the world's highest-volume retail FX brokers
Regulated by top-tier authorities (FCA, ASIC, CySEC)
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | Exness | MIFX |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Fail |
| Compensation scheme (e.g. FSCS) | Pass | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Fail |
Exness rates 4.4/5 versus 3.8/5 for MIFX. Exness edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
Exness starts from 0.3 pips, tighter than MIFX's 1.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Exness has $1, while MIFX requires at least $30. This makes Exness more accessible for traders with limited starting capital.
Exness holds top-tier regulation (FCA, FSCA, OJK), providing stronger investor protections. MIFX may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
Exness stands out for beginners: it has a lower entry point and provides negative balance protection, which caps losses at your deposited amount. Also compare demo account availability and educational resources before deciding.
Exness lists maximum leverage of 2000:1, while MIFX lists up to 100:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Exness charges $3.5 per lot on commission-based accounts. Commission details for MIFX are not currently available. Check their website for up-to-date pricing.
Exness supports MetaTrader 5, MetaTrader 4, while MIFX supports Proprietary Web/Mobile, MetaTrader 4. Both provide MetaTrader 4. Exness has exclusive access to MetaTrader 5. MIFX has exclusive access to Proprietary Web/Mobile.
Exness wins due to FCA/CySEC oversight and a compensation scheme with negative balance protection.
Exness suits active traders with spreads from 0.3 pips and leverage up to 2000:1.
Exness is better suited for scalpers: tighter spreads from 0.30 pips.
MIFX offers a proprietary platform alongside MT4, expanding platform options.
Exness provides a $1 minimum deposit, easing entry for beginners.
Fees & Spreads 30% weight | 4.6 / 5▲ | 3.9 / 5 |
|---|
Platforms & Tools 20% weight | 4.4 / 5▲ | 3.8 / 5 |
|---|
Customer Support 10% weight | 4.3 / 5▲ | 3.9 / 5 |
|---|
| Founded | 2008 | 2003 |
|---|
| Headquarters | Limassol, Cyprus | Jakarta, Indonesia |
|---|
| Min Deposit | $1▼ lower | $30 |
|---|
| Spreads From | 0.3 pips▼ lower | 1.5 pips |
|---|
| Commission / lot | $3.5/lot | N/A |
|---|
| 0.65 pips | N/A |
| Max Leverage | 2,000:1▲ higher | 100:1 |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNetellerPerfect MoneyCryptoP2P | Bank transferCredit cardDebit card |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNetellerPerfect MoneyCrypto | Bank transfer |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | FCA FSCA OJK CySEC | BAPPEBTI OJK |
|---|
| Platforms | MetaTrader 5 MetaTrader 4 | Proprietary Web/Mobile MetaTrader 4 |
|---|
| Active bonuses |
|---|
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
Over 20 years of operation as an Indonesian-licensed broker
Holds both BAPPEBTI and OJK licences, full domestic regulatory compliance
Supports local Indonesian bank transfers for deposits and withdrawals
IDR account denomination avoids currency conversion costs
Client funds held in segregated accounts
Raw spread account available
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Proprietary trading platform available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Cons
Not available to US residents
EU clients face significant leverage restrictions
Unlimited leverage carries extreme risk for inexperienced traders
No proprietary platform
Cons
Only available to Indonesian residents, no international clients
Limited asset classes compared to international brokers
Leverage capped at 100:1 under BAPPEBTI rules
No top-tier regulatory licence
No negative balance protection
No investor compensation scheme
Limited charting capabilities
Support available in limited languages
Dig deeper into each broker’s features, fees, and regulation.
Score 3.8 / 5
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