Exness vs XM – Forex brokers comparison | Forex and Crypto Brokers Review

Contents

Introduction
Comparison
Conclusion

Introduction

In this session, we are making detail comparison between two brokers. In this time, we chose two major reliable brokers, Exness and XM. Both brokers have been operating for more than 10 years with strict Tier1 licenses. Both are reliable and already obtained high reputation. Both are huge size of brokers and provide well-balanced services for wide range of traders. But business strategy looks different. One of big differences are about promotions. XM offer attractive promotions such as account opening bonus, deposit bonus, loyalty program. On the other hand, Exness focus on trading condition, such as spread, leverage, account currency, without any promotions.
Please see comparison table as follows.

Comparison

Company and License

	Exness	XM
Operating years	12 years	10 years
Licenses	FCA, FSA, etc.	FCA, CySEC, ASIC, etc.

Trading conditions

	Exness	XM
Account types	Standard Accounts (Standard, Standard Cent) Professional Accounts (Low spread, Zero, Pro) (In detail please refer to another post.)	Micro, Standard, Ultra Low, etc. (In detail please refer to another post.)
Maximum leverage	Standard, Standard Cent, Raw Spread, Zero, Pro account (MT4) 1:Unlimited (Equity: 0 – 999 USD) 1:2000 (Equity: 1,000 – 2,999 USD) 1:1000 (Equity: 3,000 – 9,999 USD) 1:600 (Equity: 10,000 – 19,999 USD) 1:400 (Equity: 20,000 – 49,999 USD) 1:200 (Equity: 50,000 – 199,999 USD) 1:100 (Equity: 200,000 or more USD)	Standard Account 1:888 ($5 – $20,000) 1 to 1:200 ($20,001 – $100,000 1 to 1:100 ($100,001 -)
Minimum deposit	1USD (Standard accounts) 1,000USD (Professional accounts)	USD5 for all account
Account currency	AED, AUD, ARS, AZN, BDT, BHD, BND, BRL, BYR, CAD, CHF, CLP, CNY, COP, CZK, DKK, DZD, EUR, GEL, GBP, GHS, HKD, HUF, IDR, ILS, INR, JOD, JPY, KES, KRW, KWD, KZT, LBP, LKR, MAD, MXN, MYR, NGN, NOK, NZD, OMR, PHP, PKR, PLN, QAR, RON, RUR(for MT4 accounts only), SAR, SEK, SGD, SYP, THB, TND, TRY, TWD, UGX, USD, UAH, UZS, VND, ZAR, MAUUSD, MAGUSD, MPTUSD, MPDUSD, MBAUSD, MBBUSD, MBCUSD, MBDUSD (Standard account)	USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR, THB (For Micro and Standard account)
Trading Instruments
– Forex	107 pairs	57 pairs
– CFD Stock (DMA)	n/a	1,140 items
– Shares	30 items	100 items
– Stock Indices:	10 items	18 items
– Commodities	n/a	8 items
– Precious Metals and Energies	12 items	7 items
– ETFs	n/a	n/a
– Cryptocurrency	7 items	n/a
– Bonds	n/a	n/a
Trading platform	MT4, MT5	MT4, MT5
Average Spread	EURUSD Standard account: 1 pips Raw Spread account: 0 pips (with commission 3.5USD per lot)	EURUSD Standard account: 1.7 pips Ultra Low account: 0.6 pips
Margin call / Stop out	Margin call; 60% for Standard account 30% for professional accountStop out: 0% for all account	Margin call: 50% for all account Stop out: 20% for all account
Deposit and withdrawal methods	Online banking (from minimum deposit 1USD) Neteller Skrill WebMoney Perfect Money	Credit cards Multiple electronic payment methods, Bank wire transfer Local bank transfer, etc.Zero fee on deposit and withdrawal for Credit card, Electronic wallet, and Wire transfer over 200USD
Brokerage Model	NDD (STP and ECN)	NDD
Scalping is possible or not	Possible	Possible

Promotions

	Exness	XM
Promotions	No promotions	Trading bonus (Account Opening Bonus) 30USD, cannot be withdrawn, but profit can be withdrawn.Deposit Bonus 50% deposit bonus up to 500USD or currency equivalent. 20% deposit bonus up to 4,500USD or currency equivalent.10-Year Anniversary Promotion Total prize value 1MilUSDLoyalty Program Executive: 7XMP per lot Gold: 10XMP per lot (+30 Days) Diamond: 13XMP per lot (+60 Days) Elite: 16XMP per lot (+100 Days) Bonus = XMP / 3 (For example, XMP 3,000 points is equal to 1,000 USD.)

Security of clients’ funds and Others

	Exness	XM
Safety of Clients’ Funds	Negative Balance Protection	Negative Balance Protection Segregation of clients’ funds Accounts with major banks
Research and Education materials	Exness Academy Insights and analysis News from markets Webinars Glossary	Research Markets Overview, News, XM Research, Trade Ideas, Technical Summaries, Economic Calendar, XM TV, PodcastEducation XM Live, Live Education, Educational Videos, Forex Webinars, Platform Tutorials, Forex Seminars
Award Winning	Many industry awards	Many industry awards
Customer Support	Live Chat 24/5	Live Chat 24/5

Conclusion

Both Exness and XM have been operating for more than 10 years with Tier1 licenses, and already obtained reliability and reputation as large size of broker. Both brokers are quite reliable as leading brokers, and we recommend to making account on both brokers. But we will pick up major differences between Exness and XM as follows.

Exness offers narrow spread, larger maximum leverage, smaller minimum deposit, and lower stop out level —Exness win
Only XM offers Stock (DMA), commodities CFDs as part of trading instruments — XM win
Only Exness offers Cryptocurrency CFD as one of trading instruments — Exness win
Only XM offers attractive opening bonus and deposit bonus — XM win
Only XM offers Loyalty program which realizes narrower spread — XM win
Option of account currency of Exness is very wide — Exness win
Option of currency pairs of Exness is very wide — Exness win
XM offers wider range of research and educational resources — XM win

But for many other review points, both Exness and XM can be highly evaluated and no big difference.

In conclusion, more desirable broker might be different for each trader, depends on the difference points (From 1 to 8) above. If a trader prefers to narrow spread, larger maximum leverage, smaller minimum deposit, and lower stop out level and trading cryptocurrency, and no interest with promotions, then the traders might choose Exness. On the other hand, if a trader prefers to variety of promotions, loyalty program, trading stock (DMA) and Commodities CFDs, without ultra-narrow spread, then a trader might choose XM.

But basically, we recommend both Exness and XM as top-level reliable brokers.