Advertising Disclosure
FXTM vs Exness
-
Updated:
Compare FXTM vs Exness Side by Side
Deciding between FXTM vs Exness to find the broker that best aligns with your trading requirements? We made a detailed comparison between FXTM Review and Exness Review, comparing safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all other crucial aspects side by side.
Summary
| Feature | FXTM | Exness |
|---|---|---|
| Website | //www.forextime.com | //www.exness.com |
| Founded year | 2011 | 2008 |
| Headquarter | Cyprus | Cyprus |
| Licenses | UK, Cyprus, South Africa, Kenya, Mauritius | FCA, CMA, CySEC, SFSA, CBCS, FSC BVI, FSC Muritius, FSCA |
| Minimum Deposit | US$ 100 | USD$ 10 |
| Trading Platforms | MT4, MT5 | MT4, MT5, Exness Terminal, Exness Trading App |
| Eurusd avg Spread | 1.5 pips | 1.2 pips |
Licenses
| Feature | FXTM | Exness |
|---|---|---|
| Licenses Countries Info (short) |
|
|
FXTM stands as a widely respected forex brokerage firm, possessing licenses across multiple jurisdictions, notably the esteemed UK and Cyprus. Moreover, it extends its regulatory presence to South Africa and Mauritius, ensuring a comprehensive global coverage. On the other hand, Exness is also regulated in the UK and Cyprus, while simultaneously maintaining a foothold in the African and offshore markets.
Broker Types
| Feature | FXTM | Exness |
|---|---|---|
| Broker types |
|
|
FXTM functions as an ECN broker, acting exclusively as an intermediary connecting clients with liquidity providers. Conversely, Exness adopts a hybrid brokerage model, leveraging both ECN and STP execution methods to deliver a comprehensive electronic Forex trading service.
Trading Conditions
| Feature | FXTM | Exness |
|---|---|---|
| Trading Conditions |
|
|
FXTM and Exness provide floating spread trading conditions with FXTM offering either trading with fees built into spreads or zero spreads with competitively low commissions at the same time offering a range of trading strategies such as scalping and hedging. Exness, on the other hand, offers spreads, even lower than FXTM, with favorable cost offerings and comprehensive trading tools
Fees & Commissions
| Fees & Commissions | FXTM | Exness |
|---|---|---|
| Inactivity Feemonth | $5 | $0 |
| Deposit fee | $0 | $0 |
| Withdrawal fee | $3 | $0 |
| Rollover fee eurusd buy 1 lot | -10.68 | - |
| Rollover fee eurusd sell 1 lot | 1.02 | −0.65131 |
| Avg Eurusd standard acc | 1.5 pips | 1.2 pips |
| Gold | 9 | 0.3 |
| Brent oil | 4 pips | 4 pips |
| Bitcoin | 20 | 29 |
Exness offers more cost-effective options. The broker’s spreads are lower offering commission-free trading, additionally offering an account with zero spreads and overall doesn’t charge additional fees, while FXTM spreads remain relatively elevated and it does charge both inactivity and withdrawal fees
Account Types
| Feature | FXTM | Exness |
|---|---|---|
| Account types |
|
|
Both brokers provide Standard accounts, with the option to select Islamic accounts to accommodate the requirements of Sharia-compliant traders. Furthermore, FXTM extends its offerings by including Micro and Cent accounts, allowing traders to access the market without risking significant capital. In contrast, Exness exclusively offers Micro accounts in this regard.
Markets & Instruments
| Markets & Instruments | FXTM | Exness |
|---|---|---|
| Forex | 60 | 100 |
| Indices | ✔️ | 10 |
| Commodities | ✔️ | 6 |
| Cryptocurrencies | ✔️ | 27 |
| Shares | 170 | ❌ |
| Bonds | ❌ | ❌ |
| Options | ❌ | ❌ |
| Binary options | ❌ | ❌ |
| Spread betting | ✔️ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | ❌ |
| Etfs | ❌ | ❌ |
FXTM provides a diverse selection of market instruments, encompassing over 60 forex products, CFDs on cryptocurrencies, shares, stocks, indices, and precious metals. Additionally, it offers a Spread Betting solution to cater to its UK clients. In contrast, Exness offers a similar range of markets but does not include shares or spread betting in its offerings. It’s worth noting that the number of instruments available from both brokers is relatively limited.
Trading Platforms
| Feature | FXTM | Exness |
|---|---|---|
| Platforms |
|
|
Exness offers a great variety of trading platforms including popular MT4 and MT5 known for their extensive range of trading tools such as EAs, additionally offering its own user-friendly trading platform and WebTrader. In contrast, FXTM platform offerings are limited to Mt4 and MT5 platforms
Deposit & Withdrawal Methods
| Feature | FXTM | Exness |
|---|---|---|
| Payment methods |
|
|
FXTM provides traders with swift money transfer options, including bank wire transfers, credit/debit cards, and various electronic wallets like Neteller and Skrill. In contrast, Exness offers the same selection of options but has a more restricted range of e-wallet choices.
Others
| Feature | FXTM | Exness |
|---|---|---|
| Others |
|
|
Both FXTM and Exness excel in providing outstanding customer support across various communication channels, including phone and email. Additionally, Exness offers round-the-clock support through live chat.
Regarding education, FXTM stands out with its comprehensive trading education resources, which encompass various types of materials. Furthermore, FXTM hosts frequent educational events in various global cities. On the other hand, Exness offers a robust educational program known as the Exness Academy, tailored to traders of varying levels of expertise.
Conclusion on Exness vs FXTM
To summarize our comparison review of FXTM vs Exness, both brokers provide favorable trading conditions, upheld by rigorous regulation. They offer a diverse array of market instruments and user-friendly trading platforms, coupled with excellent support and educational resources suitable for traders at all skill levels. However, Exness holds an advantage in terms of offering a more cost-effective solution with lower spreads and overall commissions. On the other hand, traders who lean towards spread betting may find FXTM to be a more suitable choice. Here is our final recommendation:
- FXTM –
Best Broker for International Trading offering a variety of favorable conditions with good market offering - Exness — Best Zero Spread Broker characterized by low spreads and a transparent pricing model utilizing a more flexible execution model.
