When choosing between Exness and XM, two of the top forex brokers in the industry, it’s clear both cater to a wide range of traders, from beginners to seasoned professionals. Each broker offers unique features, and understanding their differences can help you make the right choice based on your trading needs.
Compliance and Fund Safety
Both Exness and XM are highly regulated, providing traders with a secure environment. Exness is licensed by major regulatory bodies like CySEC, FCA, and FSCA, ensuring strong client protection through segregated accounts and negative balance protection. XM is also well-regulated under CySEC, ASIC, and FSC, offering similar safeguards.
While both brokers meet rigorous regulatory standards, Exness has an advantage with its consistent negative balance protection across all accounts, providing extra security during volatile market conditions.
Available Trading Platforms
Both brokers rely on industry-leading platforms MT4 and MT5, giving traders access to advanced tools and features. However, Exness enhances flexibility with its Exness Web Terminal, allowing users to trade directly from their browser without the need for downloads.
XM, on the other hand, offers its proprietary XM App, which provides additional tools for mobile trading and analysis. While both brokers excel in platform offerings, Exness’s browser-based Web Terminal gives it a unique edge for those who prefer trading on the go without additional software.
Account Options and Accessibility
Both Exness and XM offer accounts designed for all experience levels. Exness provides Standard, Standard Plus, Raw Spread, Zero, and Pro accounts, with a minimum deposit starting at just $1, making it ideal for new traders.
XM offers Micro, Standard, Zero, and Ultra-Low Spread accounts, but the minimum deposit begins at $5. XM’s Micro account is particularly suited for beginners who want to trade small lot sizes.
| Feature | Exness | XM |
|---|---|---|
| Minimum Deposit | $1 | $5 |
| Professional Accounts | Raw Spread, Zero, Pro | Zero, Ultra-Low Spread |
| Swap-Free Options | Available on all accounts | Limited to specific accounts |
| Leverage | Up to 1:2000 | Up to 1:1000 |
| Accessibility | Beginner-friendly with a $1 deposit | Suitable for new traders with a $5 deposit |
Exness remains the more flexible choice for traders looking for low entry requirements and diverse professional account options.
Available Trading Instruments
Exness and XM both offer a wide range of trading instruments, but their focus varies. Exness provides access to 100+ forex pairs, a large selection of cryptocurrencies, along with commodities, indices, and energies. XM, while offering fewer forex pairs and cryptos, compensates with a massive portfolio of 1,000+ stocks.
| Instrument | Exness | XM |
|---|---|---|
| Forex Pairs | 100+ major, minor, and exotic pairs | 55+ major and minor pairs |
| Cryptocurrencies | Wide selection (BTC, ETH, LTC, XRP, etc.) | Moderate selection (BTC, ETH only) |
| Stocks | Limited (focus on major indices) | Extensive (1,000+ global stocks) |
| Commodities | Gold, silver, oil | Gold, silver, oil, and other metals |
| Indices | Popular indices like S&P 500, NASDAQ | Broader range of global indices |
Traders seeking a diverse range of forex pairs and cryptocurrencies will prefer Exness, while XM is a stronger option for those focusing on a larger variety of stocks and indices.
Spreads, Commissions, and Trading Costs
| Feature | Exness | XM |
|---|---|---|
| Spreads (from) | 0.0 pips (Raw Spread, Zero accounts) | 0.0 pips (Zero, Ultra-Low Spread accounts) |
| Commissions | As low as $0.2 per lot | $3 per lot |
| Swap-Free Options | Available on all accounts | Limited to specific account types |
Exness’s lower commissions and broader swap-free options make it a better choice for high-volume traders.
Funding and Withdrawals
1. Deposit Speed
- Exness: Deposits are processed instantly, ensuring quick access to funds.
- XM: Deposits may take up to 24 hours to process.
2. Withdrawal Speed
- Exness: Withdrawals are also processed instantly for most methods.
- XM: Withdrawals typically require 24 hours or more to complete.
3. Cryptocurrency Payments
- Exness: Supports cryptocurrency payments for deposits and withdrawals.
- XM: Does not support cryptocurrency payments.
Traders seeking fast and efficient fund transfers will find Exness to be the better option due to its instant processing for both deposits and withdrawals.
Education and Customer Support
Both Exness and XM provide excellent customer support, but their availability differs significantly. Exness offers 24/7 multilingual assistance through various channels, including live chat, email, and phone, ensuring traders can access help anytime. On the other hand, XM provides 24/5 multilingual support, focusing mainly on live chat and email, which may not be ideal for traders who need assistance outside regular market hours.
When it comes to education, XM excels by offering an extensive library of webinars, tutorials, and detailed market analysis, catering particularly to beginners. In contrast, Exness prioritizes trading tools like calculators and economic calendars, equipping traders with practical resources to make informed decisions.
Comparison: Exness vs XM
Regulation
- Exness: Regulated by top-tier authorities, including CySEC, FCA, FSCA, and FSA, ensuring a secure trading environment.
- XM: Overseen by CySEC, ASIC, and FSC, offering strong compliance but slightly less regulatory reach than Exness.
Minimum Deposit
- Exness: Requires just $1, making it ideal for beginners or those starting with limited funds.
- XM: Has a $5 minimum deposit, which is still accessible but higher than Exness.
Forex Pairs
- Exness: Offers more than 100 forex pairs, including majors, minors, and exotics.
- XM: Provides 55+ forex pairs, primarily major and minor currencies.
Cryptocurrencies
- Exness: Includes a wide variety, such as BTC, ETH, LTC, and more.
- XM: Limited to BTC and ETH only.
Stocks
- Exness: Offers a smaller selection of stocks, mainly focusing on key indices.
- XM: Features an extensive range of over 1,000 global stocks.
Trading Platforms
- Exness: Supports MT4, MT5, a browser-based Web Terminal, and mobile apps for flexibility.
- XM: Offers MT4, MT5, and its proprietary XM App for mobile trading.
Account Types
- Exness: Provides a range of accounts, including Standard, Raw Spread, Zero, and Pro, to suit different trading styles.
- XM: Offers Micro, Standard, Zero, and Ultra-Low Spread accounts, catering to beginners and professionals.
Spreads
- Exness: Spreads start from 0.0 pips on Raw Spread and Zero accounts.
- XM: Also offers spreads from 0.0 pips on Zero and Ultra-Low Spread accounts.
Commissions
- Exness: Charges commissions as low as $0.2 per lot on Zero accounts.
- XM: Commission fees are around $3 per lot for Zero accounts.
Leverage
- Exness: Flexible leverage up to 1:2000, offering more opportunities for experienced traders.
- XM: Maximum leverage capped at 1:1000.
Deposit Speed
- Exness: Deposits are processed instantly.
- XM: Deposits can take up to 24 hours.
Withdrawal Speed
- Exness: Withdrawals are also instant, ensuring quick access to funds.
- XM: Withdrawals typically take 24 hours or longer to process.
Customer Support
- Exness: Offers 24/7 multilingual support through live chat, email, and phone.
- XM: Provides multilingual support during trading hours, available 24/5.
Education
- Exness: Focuses on practical tools like calculators and an economic calendar.
- XM: Provides comprehensive educational resources, including webinars, tutorials, and market analysis.
Why Exness Stands Out
- Lower Trading Costs. Exness offers some of the lowest costs in the industry, with spreads starting from 0.0 pips and very low commissions. This makes it a great choice for traders who want to minimize expenses.
- Instant Fund Transfers. Both deposits and withdrawals are processed instantly, allowing traders to access their funds quickly and without hassle.
- Wide Range of Trading Instruments. Exness provides access to over 100 forex pairs and a broad selection of cryptocurrencies, offering more options compared to many other brokers.
- Beginner-Friendly Option. With a Exness minimum deposit of only $1, Exness is highly accessible for new traders who want to start with a small investment.
- 24/7 Customer Support. Exness ensures help is always available by offering multilingual support around the clock, making it convenient for traders in different time zones.
- Flexible Account Choices. A variety of account types are available, catering to the needs of both beginner and professional traders.
Final Thoughts: Exness or XM?
Both Exness and XM are reliable brokers with strong offerings, but Exness stands out as the better option for traders focused on low costs, fast transactions, and diverse forex and crypto instruments. XM, however, is an excellent choice for stock traders or those looking for comprehensive educational resources.
Ultimately, your choice depends on your trading priorities. For flexibility, speed, and a wide variety of instruments, Exness provides an unmatched experience.
Trade with trusted broker Exness today
See for yourself why Exness is the preferred broker of over 800,000 traders and 64,000 partners.
FAQ
How do the minimum deposits compare between Exness and XM?
Exness requires a minimum deposit of just $1, making it highly accessible for beginners. XM, with a $5 minimum deposit, is still affordable but slightly higher.
