Exness versus FXTM
FXTM has the out-of-the-box MT4/MT5 trading platforms and shines with its order execution statistics. The average execution speed is 0.072 seconds with an average price improvement of 0.29 pips or $2.90 per lot. The FXTM Invest service caters to copy traders and offers signal providers a lucrative passive income stream. Beginners also get quality education, market research, and trading signals.
Exness also offers traders the core MT4/MT5 and additionally features a lightweight, web-based alternative and a mobile app with integrated 24/7 customer support, ideal for beginner traders. Exness introduced a proprietary social trading service, quality in-house research, plus services by trusted third-party provider Trading Central.
We have conducted an in-depth review of FXTM and Exness to determine which one presents the better overall choice and which traders will benefit the most at either broker.
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- Exness versus FXTM - Verdict
Features and Platforms
| Features & Platforms | FXTM (visit site) | Exness (visit site) |
 |  | |
| Headquarter: | Mauritius | Seychelles |
Established : | 2011 | 2008 |
Retail Loss Rate: | 77.00% | Undisclosed |
Regulation: | ||
Minimum Deposit: | $10 | $0 (payment processor dependent) |
Demo Account: | ||
Managed Account: | ||
Islamic Account: | ||
Inactivity Fee | $5 monthly after six months | No |
Deposit Fee: | Third-Party | Third-Party |
Withdrawal Fee | Third-Party | Third-Party |
Funding Methods: | 47 | 3 |
MT4: | ||
MT5: | ||
cTrader: | ||
Proprietary Platform: | ||
Automated Trading: | ||
Social / Copy Trading: | ||
MT4/MT5 Add-ons: | ||
Guaranteed Stop Loss: | ||
Negative Balance Protection: | ||
Bonuses and Promotions: | ||
Unique Feature One: | MT4/MT5 upgrades | Low trading costs |
Unique Feature Two: | Proprietary copy trading platform | Proprietary copy trading platform |
Broker Offers: |
Noteworthy:
FXTM requires a minimum deposit of $500 in return for very competitive trading conditions, while Exness maintains a high-paying partnership program with $83M+ in payouts during Q1 2022.
Available Markets
| Available Markets | FXTM | Exness |
| Currency Pairs: | ||
Cryptocurrency Pairs: | ||
Commodities and Metals: | ||
Indices: | ||
Equities: | ||
Bonds: | ||
ETFs: | ||
Options, Futures, and Synthetics: | ||
Maximum Retail Leverage: | 1:2000 | Unlimited |
Maximum Pro Leverage: | 1:200 | Unlimited |
Traders at FXTM get a choice of 1,000+ trading instruments. Equity traders remain the focus at FXTM, which also features direct share investments and in-house constructed thematic stock baskets for long-term investors. Exness offers cryptocurrency CFDs, unavailable at FXTM, and 100+ currency pairs, granting it an edge over FXTM, which leads the overall asset selection category.
Typical Spreads and Fees
| Typical Spreads & Fees | FXTM | Exness |
Minimum Raw Spreads: | 0.0 pips | 0.0 pips |
Minimum Standard Spreads: | 1.5 pips | 0.6 pips |
Minimum Commission for Forex: | $0.80 per 1.0 lot | $7.00 per 1.0 standard lot |
Commission for Equities: | Commission-free | Asset-dependent (Zero account only), otherwise commission-free |
Rebates: | No | No |
Execution Type: | Market Maker/ECN Hybrid | Market Maker/ECN Hybrid |
FXTM maintains cheaper commission-based Forex costs, ranking among the lowest industry-wide, with minimum fees as low as $0.80 per lot versus $7.00 at Exness. The commission-free alternative costs $15.00 at FXTM and $6.00 at Exness. Equity trading remains commission-free at both.
Security and Trust
Exness
| Country of the Regulator | Name of the Regulator | License Number |
Seychelles | Financial Services Authority | SD025 |
Curaçao | Central Bank of Curaçao and Sint Maarten | 0003LSI |
The British Virgin Islands | Financial Services Commission | SIBA/L/20/1133 |
South Africa | Financial Sector Conduct Authority | 51024 |
FXTM
| Country of the Regulator | Name of the Regulator | License Number |
Mauritius | Financial Services Commission | C113012295 |
UK | Financial Conduct Authority | 777911 |
Cyprus | Cyprus Securities and Exchange Commission | 185/12 |
South Africa | Financial Sector Conduct Authority | 46614 |
Both brokers segregate client deposits, offer negative balance protection, and have generally trustworthy reputations. The UK and Cyprus sub subsidiaries only cater to B2B clients and do not accept traders. Therefore, the investor compensation funds do not apply. Exness is a Financial Services Commission member, where a €20,000 investor compensation fund exists.
Exness vs FXTM – Verdict
Exness
| Pros | Cons |
| Outstanding choice of currency pairs and balanced asset selection | Limited deposit and withdrawal methods |
| Competitive trading commission-free trading costs | |
| High-quality trading tools, research, and education for beginner traders | |
| High leverage, deep liquidity, plus superb regulatory and security environment |
FXTM
| Pros | Cons |
| Excellent commission-based Forex pricing environment and transparency | No cryptocurrencies and a limited choice of commodities |
| Upgraded MT4/MT5 trading platforms plus proprietary mobile trading app | |
| Quality market research and educational content for beginner traders | |
| Proprietary copy trading platform, low minimum deposit, and high leverage |
Exness offers traders a highly competitive trading environment from a deposit of $200, excellent trading tools, an outstanding choice of currency pairs, and a broader selection of trading platforms. FXTM requires a $500 minimum deposit for one of the cheapest commission-based pricing environments. It also delivers an excellent price improvement mechanism and high-speed order execution, making it the better overall brokerage.
Exness maintains 100+ currency pairs, high leverage, deep liquidity, and low trading costs, placing it among the more competitive Forex brokers.
FAQs
Which is better, FXTM or Exness?
While the answer mostly depends on the unique circumstances of the individual trader, FXTM provides portfolios above $500 with a more competitive overall product and services portfolio, except in the cryptocurrency space.
Is Exness a good Forex broker?
Exness maintains 100+ currency pairs, high leverage, deep liquidity, and low trading costs, placing it among the more competitive Forex brokers.
What is the minimum deposit for FXTM?
The minimum deposit at FXTM is $10, but traders must deposit $500 to secure the most competitive trading conditions FXTM offers.
Which FXTM account is best?
The FXTM Advantage account, requiring a minimum deposit of $500, is the best FXTM account type as it offers highly competitive trading conditions.
Is FXTM trusted?
FXTM complies with four regulators, has over one decade of experience, a clean track record, and remains transparent about its order execution statistics, making it one of the most trusted brokers.
How long does it take to withdraw from FXTM?
FXTM processes withdrawals daily if a request is received before the cut-off time, otherwise on the following business day. Depending on the payment processor and geographic location of traders, it may take up to ten business days to receive a requested withdrawal.
Who is the owner of Exness?
Exness is a Russian broker founded by Petr Valov and Igor Lychagov. Details of the ownership structure of this privately held company are unavailable.
Is Exness regulated in South Africa?
Exness has a South African subsidiary regulated by the Financial Sector Conduct Authority.
What is the minimum deposit for Exness?
Exness has no minimum deposit requirement, and the minimum depends on the payment processor.