Broker comparison between XM vs Exness
Do you want to figure out which is the better broker, xm or exness?
In the following table, you can compare the features of xm and exness side by side to determine the best fit for your trading needs.
Which broker is more reliable?
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction.
2.Does xm or exness have a lower transaction costs and fees?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we believe that xm and exness are both reliable. We analyze the reasons as following:
Forex broker introduction
Founded in 2009, XM has grown to become a globally recognized broker with over 600 professionals who have been working in the financial sector for many years, serving over 5,000,000 clients from 196 countries and regions. Everyone's access to an advanced and transparent trading environment has been made possible thanks to the work of XM. With XM, traders can get access to more than 1,000 trading instruments, generous leverage up to 1:1000, spreads as low as 0.6 pips and up to $5,000 bonus.
Five entities of XM are under stringent regulation in their jurisdictions:
TRADING POINT OF FINANCIAL INSTRUMENTS PTY LTD, authorized and regulated by ASIC in Australia, with Regulatory License No. 443670
Trading Point Of Financial Instruments Ltd, authorized and regulated by CYSEC, with Regulatory License No.120/10
XM Global Limited, authorized and regulated by the Financial Services Commission in Belize (FSC), with Regulatory License No. 000261/309
TRADEXFIN LIMITED, authorized and regulated by the Seychelles Financial Services Authority (FSA), with Regulatory License No. SD010
Trading Point MENA Limited, authorized and regulated by the Dubai Financial Services Authority (DFSA), with Regulatory License No. F003484
XM provides investors with access to the most popular and mainstream financial tradable instruments in the financial markets, with over 1000 instruments in 6 asset classes, mainly Forex (55 currency pairs, including major, cross-currency pairs, and non-mainstream currency pairs), commodities, stock indices, precious metals (Gold and Silver), energies, and stocks.
To meet different traders' trading experience and needs, XM has set up four different account types: Micro (minimum deposit of $5), Standard (minimum deposit of $5), Ultra Low Spread (minimum deposit of $50), and Stock (minimum deposit of $10,000). Micro account is designed for novice traders who does not want to invest in much capital for their first trading. Standard account is suitable for traders with all trading levels and experience. Ultra-low account is deal for scalpers and experienced traders who pursue extremely low spreads. All these three accounts are offered a zero-commission trading environment. Shares account is exclusively for share trading, with minimum investment amount from $10,000, and trading commissions are charged.
The leverage settings for Mini, Standard and Super Spread accounts are: $5-$20,000 for 1:1 to 1:888 leverage, $20001-$100,000 for 1:1 to 1:200 , and greater than $100,000 for 1:1 to 1:100. Stock accounts are not available for leverage.
Spreads & Commissions
The spreads on standard accounts start from 1.6 pips for EURUSD, 1.8 pips for EURGBP, 0.3 pips for Gold, and 0.03 pips for Silver. The spreads on the Micro account start from 1.6 pips for EURUSD, 1.8 pips for EURGBP, 0.3 pips for Gold, and 0.03 pips for Silver. The spreads on the Ultra Low Spreads account start from 0.7 pips for EURGBP, 0.06 pips for EURUSD, 0.2 pips for Gold, and 0.022 pips for Silver. The spreads on Ultra-Low Spread Mini accounts start from 0.7 pips on EURGBP, 0.6 pips on EURUSD, 0.2 pips on Gold, and 0.022 pips on Silver. No commission is charged for Mini, Standard, and Ultra-Low Spread accounts. Stock trading commission: 4% per transaction for all US stocks (minimum $1 commission per trade), 0.10% per transaction for all UK stocks (minimum $9 per trade), 0.10% per transaction for all German stocks (minimum $5 per trade).
XM provides traders with the market-leading and highly acclaimed MT4 and MT5 trading platforms available for PC, Mac, mobile (iPad, Android, iPhone), web, and multi-terminal.Powerful charting capabilities, including more than 50 different technical indicators and intraday analysis tools, are available through the MT4 & MT5 trading platform.
Deposit & Withdrawal
XM welcomes credit cards, electronic payments (Skrill, NETELLER), local bank transfers, etc. The broker does not charge any service fee for deposits or withdrawals.
Exness Group was founded in 2008 and provides investors with a wide range of financial products, including currency pairs, metal encrypted digital currencies, energy, indices, and stocks. Besides, the company provides its customers with the highest quality customer service through a personalized and truly international approach. Exness official website has been localized into 15 languages, and the customer service spans 13 languages, of which 11 languages are available 24 hours a day, five days a week. English and Chinese customer services are available 24 hours a day, seven days a week.
At present, Exness has four entities in their own jurisdications under stringent regulation:
Exness (UK) Ltd authorized and regulated by FCA in the UK (license number 730729)
Exness (Cy) Ltd regulated by CySEC in Cryprus, with regulatory license number 178/12
VLERIZO (PTY) LTD authorized and regulated by FSCA (regulatory license number 51024)
Nymstar Limited regulated by FSA in Sychelles, with regulatory license number SD025
With Exness, investors are given the opportunity to access to a massive market. An extensive range of financial instruments, including currency pairs, metals, digital currencies, energies, indices, and stocks are all available on this brokerage platform.
Trading accounts on the Exness platform are available with both retail and professional.
Retail traders can choose from Standard and Standard Cent accounts, great for all types of tarders, especially novice traders. With Standard accounts, more diversified range of trading instruments are available, cryptocurrencies, energies, stocks, and indices, while Standard Cent accounts only give two classes of trading assets: Forex and Metals. The minimum initial deposit depends on payment methods, typically as low as $10.
Professional traders are given three trading account options: Raw Spread, Zero and Pro accounts, with minimum initial deposit for each account is $2,000. Likewise, a bulk of different types of trading assets are available with these three accounts.
The maximum leverage available on Exness platform is up to 1:2000, a truly generous offering. This level is idea for scalpers and professionals, as it presents more overall trading flexibility, which directly impacts profitability. However, since leverage can amplify gains as well as losses, It is essential that forex traders select the level of leverage that they feel most at ease with.
Spreads & Commissions
Spreads and commissions are determined by trading accounts. Standard accounts offer a zero-commission trading environment, with spreads starting from 0.3 pips. Professional trading account options offer raw spread with certain commissions. Raw Spread and Zero account holders are offered spreads from 0.0 pips, with a commission of up to $3.50 each side per lot and from 0.2 each side per lot. While with Pro accounts, traders can enjoy zero commission and low spreads.
Exness uses leading trading platforms on the global trading market, including MT4, MT5, and WebTerminals. Traders can develop and implement trading strategies of various levels of complexity through MetaTrader 4 and submit most types of trading orders by using two order execution methods: instant execution and market execution. In addition, analysis and trading operations in financial markets are fully automated. The main advantage of MT5 is that the development and editing interface can be started directly on the terminal, and the new program will be automatically displayed in MT5; the new language solves some of the limitations of MQL4 and adds more functions and graphical objects. The company chose the MT5 hedging mode system. Under this system, traders can open multiple positions for the same trading product, including completely opposite positions. Besides, users can also access the web version of MT4&MT5 on the company's official website.
Deposit & Withdrawal
Exness provides a variety of deposit and withdrawal options for traders to choose from, including Bitcoin (minimum deposit is 0 USD, deposit and withdrawal time is up to 72 hours), SticPay (minimum deposit is 1 USD, deposit and withdrawal are instantaneous ), TEDA coins (minimum deposit is 1 USD, deposit and withdrawal time is up to 72 hours), VISA/MASTERCARD bank card (minimum deposit is 3 USD, deposit arrives instantly, and withdrawal arrives within 3-5 days), NETELLER (minimum deposit is $10, deposit and withdrawal are instantly credited), Perfect Money (minimum deposit is $50, deposit and withdrawal are instantly credited), WebMoney (minimum deposit is $1, deposit and withdrawal are instantly credited), Skrill ( The minimum deposit is $10, and deposits and withdrawals will be credited immediately). Also, the user's credit card provider, bank, or payment system may charge user deposits and withdrawals with transaction fees or commissions that are outside the company's control. The company does not accept direct payments or other payments like third parties. The company reserves the right to investigate, cancel, or charge handling fees/fees (depending on the payment method) for any withdrawal request issued by a trading account without transaction activity.
Aside from multiple trading platform choices, Exness also give its clients an array of useful trading tools to help them quickly become an advanced and professional trader. These trading tools include Analytical Tools, Traders Calculator, Economic Calendar, Currency Converter, Tick History, VPS Hosting, Trading Central WebTV.
Surprisingly, Exness offers social trading for inexperienced traders or newcomers to duplicate their trading accounts
Exness provides a top-notch customer service crew that gets the job done in a jiffy. The Frequently Asked Questions area and the chatbot make up the majority of Exness 's customer service offerings. Support can be reached by e-mail or by phone, and a staff of customer service representatives who speak multiple languages is available during market hours.
Does xm or exness have a lower transaction costs and fees?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive xm and exness are, we first considered common fees for standard accounts. On xm, the average spread for the EUR/USD currency pair is 0.1 pips, while on exness the spread is as low as 1.
Which broker is safer, xm or exness?
To determine the safety of a forex brokers, our experts take various factors into consideration in a multi-dimensional manner. This includes which regulatory licenses the forex trader holds and how reputable those licenses are. We also consider the history of a forex dealer, as long-standing dealers are usually more reliable and trustworthy than newer start-ups. xm is regulated by CYSEC,FSCA,FSA. exness is regulated by ASIC,CYSEC,FSC,FSA,DFSA.
Which broker provides better trading platform, xm or exness?
When our experts review a broker, they usually open real trading accounts and trade through the broker's trading platform. This gives us a better overall assessment of the quality of the platform, the ease of use and the features it offers. xm Available trading platforms include Pro、Zero、Raw Spread、Standard, tradable financial instruments include Micro Account、Standard Account、Ultra Low Spread Standard & Micro Account、Stock Account exness works/provides Pro、Zero、Raw Spread、Standard trading platform, trading instruments Micro Account、Standard Account、Ultra Low Spread Standard & Micro Account、Stock Account