Exness vs Plus500 Australia: In-Depth Comparison for Experienced Traders (2026)

When comparing trading costs for Australia traders, Exness is the clear winner. Its Standard account offers spreads from 0.3 pips on EUR/USD, while the Zero account goes as low as 0.0 pips with a small commission. Plus500, by contrast, uses variable spreads that average 0.6-1.2 pips on major pairs, which adds up quickly for high-volume traders. For example, a trader executing 100 lots per month on AUD/USD would pay around $500 in spreads with Exness (Zero account) versus $1,200 with Plus500. Additionally, Exness charges no withdrawal fees, while Plus500 may apply fees for certain methods. Both brokers are commission-free on standard accounts, but Exness's raw spread model is significantly cheaper for active Australia traders.

Exness offers the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5), along with its proprietary WebTerminal and mobile apps. These platforms support algorithmic trading, custom indicators, and Expert Advisors (EAs), ideal for experienced Australia traders. Plus500 uses its own proprietary web-based platform and mobile app, which are intuitive but lack advanced charting tools and automated trading capabilities. For Australia traders who rely on technical analysis or automated strategies, Exness is the superior choice. Plus500's platform is better suited for casual traders who prefer simplicity over depth.

Exness boasts ultra-fast execution speeds, with average order processing under 30 milliseconds, ideal for scalpers and high-frequency traders in Australia. It uses a hybrid model combining STP and ECN, ensuring minimal slippage. Plus500's execution is reliable but slower, averaging 100-200 milliseconds due to its market-making model. For Australia traders prioritising speed and precision, especially during volatile sessions like the Sydney open, Exness is the better choice.

Both Exness and Plus500 are regulated by ASIC, which is a key consideration for Australia traders. ASIC regulation ensures strict compliance with client fund segregation, regular audits, and negative balance protection. Exness also holds additional licenses from the FCA and CySEC, offering an extra layer of oversight. Plus500 is primarily ASIC-regulated, with a focus on retail client protection. For Australia traders, ASIC regulation means your funds are held in segregated accounts, and you have access to the Australian Financial Complaints Authority (AFCA) for dispute resolution. This makes both brokers trustworthy, though Exness's multi-regulatory status provides more robust safeguards.

Depositing and withdrawing funds is seamless for Australia traders at both brokers. Exness supports BPAY, POLi, Bank Transfer, Credit Card (Visa/Mastercard), and e-wallets like Skrill and Neteller. Deposits via POLi and Credit Card are instant, while BPAY takes 1-2 business days. Withdrawals are free and processed within 24 hours for most methods. Plus500 also accepts BPAY, POLi, Bank Transfer, and Credit Card, but withdrawals may take 2-5 business days for bank transfers. Both brokers allow AUD accounts, eliminating currency conversion fees. For Australia traders, Exness's faster processing and no-fee withdrawals make it more convenient, especially for active traders needing quick access to funds.

For Australia Muslim traders seeking swap-free accounts, both Exness and Plus500 offer Islamic accounts compliant with Sharia law. Exness provides Islamic accounts on request for all account types (Standard, Zero, and Pro), with no swap charges on overnight positions. Plus500 also offers Islamic accounts, but only for clients in eligible countries, including Australia. Both brokers ensure no interest is charged or earned on positions held overnight. Exness's Islamic accounts are more flexible, as they are available across its full product range, while Plus500 limits them to retail CFD accounts. Australia traders should confirm eligibility with each broker before opening an Islamic account.

Exness offers 24/7 multi-language customer support via live chat, email, and phone, with a dedicated team for Australia traders available during AEST business hours. Plus500 provides 24/7 live chat and email support, but phone support is limited. Both brokers have extensive FAQ sections on their websites. For Australia traders, Exness's round-the-clock support and faster response times (under 1 minute for live chat) give it an edge over Plus500, which can take longer to resolve complex queries.