Compare Brokers
We help you pick the best broker for your needs with our broker comparison tool. Select 2 brokers and see exactly what makes them different.
|
XM
|
Exness
|
|
|---|---|---|
XM is a global forex and CFD broker with over 15 million clients in more than 190 countries. Since 2009, it has offered low trading fees on over 1000 instruments. The broker is well-regulated by authorities such as ASIC, CySEC, DFSA, and SCA in the UAE, and provides a full MetaTrader experience. | Established in 2008, Exness is a respected broker known for offering over 40 account currencies, a wide choice of CFD instruments, and an intuitive web platform with features like currency converters and trading calculators. | |
| Instruments | CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies | CFDs on Forex, Stocks, Indices, Commodities, Crypto |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $5 | Varies based on the payment system |
| Trading Platforms | MT4, MT5, TradingCentral | Exness Trade App, Exness Terminal, MT4, MT5, TradingCentral |
| Payment Methods | Apple Pay, Credit Card, Debit Card, Google Wallet, M-Pesa, Neteller, Perfect Money, Skrill, TransferWise, Visa, Wire Transfer | Bitcoin Payments, JCB Card, Mastercard, Neteller, Perfect Money, Skrill, Sticpay, Visa, WebMoney, Wire Transfer |
| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | CySEC, DFSA, SCA, FSCA, FSA, FSC Belize, FSC Mauritius, CMA | FCA, FSCA, CMA, FSA, CBCS, BVIFSC, FSC, JSC |
| Account Currencies | USD, EUR, GBP, JPY | USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR, KRW, MXN, KES, CNY |
| Trust Rating | ||
| Assets & Markets Rating | ||
| Platforms Rating | ||
| Fees & Costs Rating | ||
| Customer Support Rating | ||
| Education Rating | ||
| Research Rating | ||
| Accounts & Banking Rating | ||
| Mobile Apps | iOS, Android & Windows | iOS & Android |
| App Review | provides a mobile app for Android and iOS, optimized for each platform. The app offers MT4 and MT5 software, giving full access to over 1,400 instruments. It is reliable with minimal glitches or delays. Features like built-in news, a trading journal, and push notifications provide all necessary trading tools. | Exness Trade provides a comprehensive mobile trading experience with quick execution, hundreds of tradable CFDs, and easy-to-use charts powered by TradingView. With over 10 million downloads, it is ideal for traders who want to manage accounts and seize market opportunities on the go. |
| Android App Rating | ||
| iOS App Rating | ||
| Awards |
|
|
| Margin Trading | ✓ | ✓ |
| Margin Rate | 0.2% | |
| Account Types | STP | STP, ECN |
| AI / Machine Learning | ✓ | ✗ |
| Robo Advisor | ✗ | ✗ |
| Negative Balance Protection | ✓ | ✓ |
| Market Maker | ✓ | ✓ |
| P2P Trading | ✗ | ✗ |
| Spot Trading | ✓ | ✓ |
| Auto Trading | Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | ✓ | ✓ |
| Copy Trading Platform | XM provides copy trading through its user-friendly app, featuring exclusive crypto pairs. XM global also offers a built-in signals service on the MT5 platform. Traders can access detailed performance metrics and replicate the trades of strategy managers. The setup is straightforward, requiring just a few steps after logging into your MQL5 community account. | Exness has added a unique copy trading feature to its web platform and mobile app. It is user-friendly, but the performance statistics for strategies could be more detailed to better help investor decisions. |
| Social Trading | ✓ | ✓ |
| Trade Signals | ✓ | |
| VPS Hosting | ✓ | ✓ |
| Tournaments | ✓ | ✗ |
| Demo Competitions | ✓ | ✗ |
| Ethical Investing | ✗ | ✗ |
| Custodial Account | ✗ | ✗ |
| Guaranteed Stop Loss | ✗ | ✗ |
| Inactivity Fee | $5 | $0 |
| Islamic Account | ✓ | ✓ |
CFD Trading | ||
XM provides CFD traders with flexible leverage and a wide range of markets, including custom indices for sectors like artificial intelligence. The MT4/MT5 platforms are fast and reliable, and traders using algorithmic strategies can access a free VPS. | Exness offers CFDs on forex, stocks, indices, commodities, and cryptos with up to 1:2000 leverage for advanced traders, featuring over 100 technical indicators in its own platform. | |
| Leverage | 1:10001:30 | 1:Unlimited |
| FTSE Spread | 1.4 | 15.2 |
| GBPUSD Spread | 0.8 | 0.0 |
| Oil Spread | 0.03 | 0.0 |
| Stocks Spread | 0.002 | 0.5 (Apple Inc.) |
Forex Trading | ||
XM provides a wide range of currency pairs without re-quotes or hidden fees. Spreads have decreased over time, starting at 0.8 pips on the EUR/USD in the commission-free account. | Exness provides about 100 forex pairs, more than many brokers we reviewed, with competitive spreads on major pairs starting at 0.1 pips. Traders also have access to strong forex analysis tools, including market news from FXStreet. | |
| GBPUSD Spread | 0.8 | 0.0 |
| EURUSD Spread | 0.8 | 0.0 |
| EURGBP Spread | 1.5 | 0.0 |
| Assets | 55+ | 100+ |
| Currency Indices | USD | USD |
Cryptocurrency Trading | ||
XM offers a few cryptocurrencies against the USD through its South African entity. These can be traded as CFDs with leverage up to 1:500, increasing both potential returns and losses. You can trade major tokens like Bitcoin, Ethereum, and Ripple, but there are fewer tokens compared to over 120 crypto derivatives at Eightcap. | Exness offers popular crypto-fiat pairs with zero swap fees and no commissions on Standard accounts, available on desktop and mobile apps. Crypto deposits are available in some regions, and reduced Bitcoin spreads increase its appeal for traders. | |
| Crypto Spread | Variable | Floating |
| Crypto Coins | BTC, ETH, LTC, XRP, BCH | BTC, ETH |
| Crypto Lending | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✗ |
| Auto Market Maker | ✗ | ✗ |