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. 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
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Headquarters | Mauritius | Cyprus |
Regulators | CMA, FCA, FSC Mauritius, FSCA | CMA, CySEC, FCA, FSA, FSC Belize, FSC Mauritius, FSCA |
Tier 1 Regulator(s)? | N/A | |
Owned by Public Company? | ||
Year Established | 2011 | 2008 |
Execution Type(s) | ECN/STP, Market Maker | Market Maker |
Minimum Deposit | $200 | $10 (based on the account type) |
Negative Balance Protection | N/A | |
Trading Platform(s) | MetaTrader 4, MetaTrader 5, Proprietary platform | MetaTrader 4, MetaTrader 5, Proprietary platform |
Average Trading Cost EUR/USD | 0.1 pips | 0.6 pips |
Average Trading Cost GBP/USD | 0.2 pips | 0.7 pips |
Average Trading Cost WTI Crude Oil | $0.09 | 6.7 pips |
Average Trading Cost Gold | $0.18 | 11.3 pips |
Retail Loss Rate | 77.00% | Undisclosed |
Minimum Raw Spreads | 0.0 Pips | 0.0 pips |
Minimum Standard Spreads | 1.5 pips | 0.3 pips |
Minimum Commission for Forex | $0.80 - $4.00 per round lot | $7.00 per 1.0 standard round lot |
Islamic Account | ||
Signals | ||
US Persons Accepted? | ||
Managed Accounts | ||
| Visit Website | Visit Website |
Features and Platforms
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MT4 | ||
MT5 | ||
MT4/MT5 Add-Ons | ||
cTrader | ||
Proprietary Platform | ||
Automated Trading | ||
Social/Copy Trading | ||
DOM? | ||
Guaranteed Stop Loss | ||
Scalping | ||
Hedging | ||
One-Click Trading | ||
OCO Orders | ||
Interest on Margin | ||
| Visit Website | Visit Website |
Noteworthy:
FXTM requires a minimum deposit of $200 in return for very competitive trading conditions, while Exness maintains a high-paying partnership program with $83M+ in payouts during Q1 2022.
Available Markets
| | |
Currency Pairs | ||
Cryptocurrencies | ||
Commodities | ||
Crude Oil | ||
Gold | ||
Metals | ||
Equity Indices | ||
Stocks (non-CFDs) | ||
Bonds | ||
ETFs | ||
Options | N/A | |
Futures | ||
Synthetics | ||
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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
| | |
Average Trading Cost EUR/USD | 0.1 pips | 0.6 pips |
Average Trading Cost GBP/USD | 0.2 pips | 0.7 pips |
Average Trading Cost WTI Crude Oil | $0.09 | 6.7 pips |
Average Trading Cost Gold | $0.18 | 11.3 pips |
Average Trading Cost Bitcoin | N/A | 161.1 pips |
Minimum Raw Spreads | 0.0 Pips | 0.0 pips |
Minimum Standard Spreads | 1.5 pips | 0.3 pips |
Minimum Commission for Forex | $0.80 - $4.00 per round lot | $7.00 per 1.0 standard round lot |
Deposit Fee | ||
Withdrawal Fee | ||
Inactivity Fee | $5 monthly after 6 months | No |
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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
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Country of the Regulator | Cyprus, Kenya, Mauritius, United Kingdom, South Africa | Cyprus, Kenya, Mauritius, Seychelles, United Kingdom, British Virgin Islands, South Africa, Curaçao |
Name of the Regulator | CMA, FCA, FSC Mauritius, FSCA | CMA, CySEC, FCA, FSA, FSC Belize, FSC Mauritius, FSCA |
Regulatory License Number | 185/12, 777911, C113012295, 135, 46614 | SD025, 0003LSI, SIBA/L/20/1133, 51024, GB20025294, 178/12, 730729, 162 |
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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 | |
A highly regulated broker with a tier-1 license |
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 $200 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.
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FAQs
Which is better, FXTM or Exness?
While the answer mostly depends on the unique circumstances of the individual trader, FXTM provides portfolios above $200 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?
Traders must deposit a minimum of $200 to open an FXTM Advantage account, which offers highly competitive trading conditions.
Which FXTM account is best?
The FXTM Advantage account, requiring a minimum deposit of $200, 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.