Advertising Disclosure
Exness vs XM
-
Updated:
Compare Exness vs XM Side by Side
Choosing between Exness vs XM to determine which Broker better suits your trading needs? We made a detailed comparison between Exness Review and XM Review, compared safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.
Summary
| Feature | Exness | XM |
|---|---|---|
| Website | //www.exness.com | //xm.com |
| Founded year | 2008 | 2009 |
| Headquarter | Cyprus | Cyprus, Australia, Belize |
| Licenses | FCA, CMA, CySEC, SFSA, CBCS, FSC BVI, FSC Muritius, FSCA | Cyprus, Australia, Belize, UAE |
| Minimum Deposit | USD$ 10 | 5 US$ |
| Trading Platforms | MT4, MT5, Exness Terminal, Exness Trading App | MT4, MT5, XM WebTrader |
| Eurusd avg Spread | 1.2 pips | 1.6 pips |
Licenses
| Feature | Exness | XM |
|---|---|---|
| Licenses Countries Info (short) |
|
|
Both Exness vs XM are highly reputable brokers with years of experience in the forex industry, both are regulated by top-tier regulators ensuring the integrity and safety of forex trading. Exness operates under the regulation of ASIC, while XM falls under the purview of the FCA. It’s worth noting that both the FCA and ASIC are equally trusted authorities when it comes to regulatory supervision.
Additionally, these brokers maintain international subsidiaries to provide their services on a global scale, catering to traders around the world.
Broker Types
| Feature | Exness | XM |
|---|---|---|
| Broker types |
|
|
Both Exness vs XM brokers, operating as hybrid STP and ECN Brokers, have established a distinct presence in the fiercely competitive trading landscape. Their commitment to rapid and effective order execution has garnered them praise and unwavering trust from their client base.
Trading Conditions
| Feature | Exness | XM |
|---|---|---|
| Trading Conditions |
|
|
Exness vs XM are very similar in terms of conditions, they are both beginner-friendly brokers offering high leverage, tight spreads, automated trading, hedging, scalping, and social trading. Exness stands out with commission options, zero spreads, and robust copy trading. In contrast, XM emphasizes low spreads and fixed spread accounts, presenting competitive pricing alternatives. Both brokers support expert advisors and cater to traders with diverse preferences.
Fees & Commissions
| Fees & Commissions | Exness | XM |
|---|---|---|
| Inactivity Feemonth | $0 | 15 $ |
| Deposit fee | $0 | 0 $ |
| Withdrawal fee | $0 | 0 $ |
| Rollover fee eurusd buy 1 lot | - | -0.083 |
| Rollover fee eurusd sell 1 lot | −0.65131 | -0.543 |
| Avg Eurusd standard acc | 1.2 pips | 1.6 pips |
| Gold | 0.3 | 35 |
| Brent oil | 4 pips | 5 pips |
| Bitcoin | 29 | 60 |
Exness appears to offer more favorable trading costs in contrast to XM. Exness provides spreads that are in line with industry norms, whereas XM’s spreads are notably higher. Furthermore, Exness does not levy any commissions, while XM imposes a $15 inactivity fee.
Account Types
| Feature | Exness | XM |
|---|---|---|
| Account types |
|
|
Exness vs XM offer similar account types that cater to various trading preferences. Both brokers provide “Standard Accounts” for versatile trading, and they offer “Swap Free Accounts” for traders seeking interest-free trading options. XM goes further by offering a “Micro Account” for lower-volume trades and an “Islamic Account” compliant with Islamic finance principles. However, it’s important to note that Exness does not offer an Islamic account option among its account types.
Markets & Instruments
| Markets & Instruments | Exness | XM |
|---|---|---|
| Forex | 100 | 55 |
| Indices | 10 | 28 |
| Commodities | 6 | 15 |
| Cryptocurrencies | 27 | 60 |
| Shares | ❌ | 600 |
| Bonds | ❌ | ❌ |
| Options | ❌ | ❌ |
| Binary options | ❌ | ❌ |
| Spread betting | ❌ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | ❌ |
| Etfs | ❌ | ❌ |
The range of trading instruments available from both Exness and XM is relatively restricted, making them comparable in this regard. Additionally, both brokers provide a relatively small number of assets for trading.
Trading Platforms
| Feature | Exness | XM |
|---|---|---|
| Platforms |
|
|
Both Exness vs XM offer a variety of trading platforms, including industry-standard MetaTrader 4 and MetaTrader 5. Exness adds WebTrader and its proprietary platform to its options, while XM doesn’t have any proprietary solution.
Deposit & Withdrawal Methods
| Feature | Exness | XM |
|---|---|---|
| Payment methods |
|
|
Exness vs XM Deposit and withdrawal methods are similar with the main difference that XM offers a greater variety of e-wallets.
Others
| Feature | Exness | XM |
|---|---|---|
| Others |
|
|
Exness vs XM both prioritize trader education and support, offering resources such as video tutorials to aid in skill development. Exness additionally provides telephone support, live chat, and round-the-clock availability, ensuring continuous assistance for traders.
On the other hand, XM offers webinars and seminars as part of its educational offerings, along with video tutorials, telephone support, and live chat. Although XM’s support is available five days a week, Exness maintains a 24/7 availability, enhancing accessibility for traders seeking immediate help.
Conclusion on XM vs Exness
In conclusion of Exness vs XM comparison review, both brokers are reputable and well-regulated entities, offering a variety of account types and trading platforms. They prioritize trader education through instructional resources and webinars. Furthermore, both brokers offer robust customer support, with XM distinguishing itself with a unique feature. Additionally, both brokers are recognized for providing competitive spreads. Here is our final recommendation:
- Exness —
Best Zero Spread Broker characterized by low spreads and a transparent pricing model. - XM — Best Best Micro Account Broker for Beginners for bringing opportunity to trade with lower margin and investment.
