Exness vs BullWaves: Which Is Better in 2026? Regulation, Spreads, Withdrawals Compared

	Exness	BullWaves
Founded	2008	2023
Regulation	CySEC, FCA, FSCA, FSA Seychelles, CMA Kenya, FSC BVI, CBCS	FSA Seychelles
Min. deposit	from $10 (depends on payment method)	$100
Spreads & commissions	Standard from 0.3 pips; Raw Spread from 0.0 + $3.5 per lot per side; Zero — zero spread on majors most of the time with commission from $0.2	from 1.6 pips (Classic); Raw: $3 per lot per side (ECN)
Leverage	up to 1:2000 and 'unlimited' leverage on some offshore accounts; 1:30 under EU entities	up to 1:500 (1:200 energies, 1:20 shares)
Platforms	MT4, MT5, Exness Terminal, Exness Trade App	MT5
Bonuses	no deposit bonuses — the broker does not run them	in some regions
Copy trading	— check	yes
Funding & withdrawals	cards, bank transfers, Skrill, Neteller, Perfect Money, crypto, local methods; no broker fees, withdrawals are usually instant	see the BullWaves review

Who Exness suits

EU retail clients are not served since 2021. One of the largest brokers in the world by volume; publishes monthly trading volumes. Weak spots: no eu retail entity — eu clients are not accepted; no bonuses or promotions; standard spreads wider than raw/zero.

Who BullWaves suits

MT5, ECN from 0.1, copy trading, deposit bonus. Best for copy trading and the deposit bonus. We hold a live account at BullWaves and measure conditions monthly — details in the review.

Our take

If a familiar brand or bonuses matter most, Exness remains a workable choice. If you value execution and withdrawal conditions we have tested, all-in cost and a clear contracting entity for your country — BullWaves.

Other comparisons: Exness vs Vantage, Exness vs VT Markets.

Frequently asked questions

Which is safer, Exness or BullWaves?

Exness: CySEC, FCA, FSCA, FSA Seychelles, CMA Kenya, FSC BVI, CBCS, since 2008. BullWaves: FSA Seychelles, since 2023. What matters most is which entity contracts with you in your country — see the reviews.

Who has lower spreads, Exness or BullWaves?

Exness: Standard from 0.3 pips; Raw Spread from 0.0 + $3.5 per lot per side; Zero — zero spread on majors most of the time with commission from $0.2. BullWaves: from 1.6 pips (Classic); Raw account $3 per lot per side (ECN).