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Exness vs XM

By Tobi Amure
Reviewer DailyForex.com Team
Fact-checker Adam Lemon
By Tobi Amure

Tobi Opeyemi Amure has more than seven years of experience as a financial market analyst. He holds a Bachelor's Degree from Obafemi Awolowo University. Tobi's main area of expertise is in personal finance and the Forex industry. He has contributed to top platforms such as Investopedia, GoBankingRates, and Investing.com, where his expertise in Forex markets and digital assets is widely recognized. Tobi’s engaging storytelling and data-driven an...

Read more
By DailyForex.com Team

The DFX Team at DailyForex is a group of veteran financial analysts, traders, and brokerage industry experts dedicated to producing in-depth broker reviews and cutting-edge market insights, plus analysis of market trends. Holding over 16 years of experience in global financial markets, and 4 B.A. level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using...

Read more
By Adam Lemon

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked with...

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If you are reading this article, you’re likely having trouble deciding whether Exness or XM is the better Forex trading platform for you. While both platforms generally provide positive user experiences, there are some essential differences to note.

In this Exness vs XM review, we outline the highlights of each trading platform to help you make a more informed decision. We evaluate:

Headquarters
CyprusCyprus
Regulators
CMA, CySEC, FCA, FSA, FSC Belize, FSC Mauritius, FSCAASIC, CySEC, DFSA, FSC Belize
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established
20082009
Execution Type(s)
Market MakerMarket Maker
Minimum Deposit
$10 (based on the account type)$5
Negative Balance Protection
N/A
Trading Platform(s)
MetaTrader 4, MetaTrader 5, Proprietary platformMetaTrader 4, MetaTrader 5, Proprietary platform
Average Trading Cost EUR/USD
0.6 pips0.1 pips
Average Trading Cost GBP/USD
0.7 pips0.2 pips
Average Trading Cost WTI Crude Oil
6.7 pips$0.05
Average Trading Cost Gold
11.3 pips$0.19
Retail Loss Rate
UndisclosedN/A
Minimum Raw Spreads
0.0 pipsN/A
Minimum Standard Spreads
0.3 pipsN/A
Minimum Commission for Forex
$7.00 per 1.0 standard round lotN/A
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
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Features and Platforms

Forex traders at Exness get an excellent asset selection in the core MT4/MT5 trading platforms, but unfortunately, this broker does not provide any add-ons. VPS hosting is available for automated traders. While Exness offers the WebTV channel by Trading Central, there is no research or education for beginner traders. XM maintains one of the best overall trading environments, enjoyed by more than 3.5 million clients. XM provides upgraded MT4/MT5 trading platforms with an engaging management team, quality trading tools, in-house research, bonuses and rewards. An in-depth educational section is also available.

MT4
MT5
MT4/MT5 Add-Ons
N/A
cTrader
Proprietary Platform
Automated Trading
Social/Copy Trading
N/A
DOM?
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading
OCO Orders
Interest on Margin
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Available Markets

Exness shines with is Forex selection, where traders get 107 currency pairs. It places it in the Top 10 among all online Forex brokers. The drawback is the limited overall choice of available markets. Exness maintains seven cryptocurrency pairs, twelve commodities, and 81 equity and index CFDs. While XM features fewer currency pairs at 57 and fails to offer cryptocurrencies, the rest of the asset selection remains well ahead of Exness. Traders have access to 15 commodities, 28 index CFDs, and 1,243 equity CFDs. XM also added 100 shares for direct dealing to its well-balanced and attractive portfolio.

Currency Pairs
Cryptocurrencies
Commodities
Crude Oil
Gold
Metals
Equity Indices
Stocks (non-CFDs)
Bonds
N/A
ETFs
Futures
Synthetics
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Typical Spreads and Fees

Traders at Exness must accept above-average costs from 1.0 pips or $10 per 1.0 standard lots. For a minimum deposit of $3,000, Exness offers access to a mark-up of 0.6 pips or $6. XM counters with a commission-free offer of 0.6 pips, available to all traders. CFD trading remains free of charge, but XM levies a commission of $10.00 or 0.10% on direct share trading. Traders pay swap rates on leveraged overnight positions at both brokers, together with third-party payment processor costs. Given the availability of the 0.6 spread, XM takes the lead in this category.

Average Trading Cost EUR/USD
0.6 pips0.1 pips
Average Trading Cost GBP/USD
0.7 pips0.2 pips
Average Trading Cost WTI Crude Oil
6.7 pips$0.05
Average Trading Cost Gold
11.3 pips$0.19
Average Trading Cost Bitcoin
161.1 pipsN/A
Minimum Raw Spreads
0.0 pipsN/A
Minimum Standard Spreads
0.3 pipsN/A
Minimum Commission for Forex
$7.00 per 1.0 standard round lotN/A
Deposit Fee
N/A
Withdrawal Fee
N/A
Inactivity Fee
NoN/A
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Security and Trust

After Exness shut its retail operations in the UK and the EU, using them only for business-to-business services, traders will deal with its subsidiaries Nymstar or Vlerizo. The former has a license from the Seychelles FSA and the latter from the South African FSCA. XM maintains units with oversight from the UK FCA, the CySEC, the ASIC, the Belize IFSC, and the DFSA. Negative balance protection and the segregation of client deposits from corporate funds exist at Exness and XM alike. Both brokers maintain a secure, trustworthy, and competitive trading environment with a clean regulatory track record.

Country of the Regulator
Cyprus, Kenya, Mauritius, Seychelles, United Kingdom, British Virgin Islands, South Africa, CuraçaoUnited Arab Emirates, Australia, The Bahamas, Belize, Cyprus, United Kingdom, United States
Name of the Regulator
CMA, CySEC, FCA, FSA, FSC Belize, FSC Mauritius, FSCAASIC, CySEC, DFSA, FSC Belize
Regulatory License Number
SD025, 0003LSI, SIBA/L/20/1133, 51024, GB20025294, 178/12, 730729, 162705428, 120/10, 443670,000261/27, F003484, SIA-F201, 0516820
Regulatory Tier
N/A1,1,1,4,2,4,1
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Exness vs. XM: Verdict

Since launching in 2008, Exness changed significantly, together with the regulatory environment. It has displayed a deep understanding of the needs of traders and demonstrated a willingness to provide a competitive trading environment with trustworthy regulators.

Exness remains an excellent Forex broker, especially for traders with a minimum deposit above $3,000, as the trading costs decrease notably. Given the absence of value-added services, Exness became an execution-only Forex broker with the addition of VPS hosting.

XM continues to increase its market share with one of the best overall trading environments. The well-balanced asset selection, a low minimum deposit of only $5, and the upgraded MT4/MT5 trading platforms with high leverage present traders with a distinct competitive edge. Beginner traders will also benefit from the quality educational section, while the generous bonus and reward program delivers a boost to active traders. Exness cannot match the XM offer.

You might also be interested in reviewing the below broker comparisons:

Read full Exness Review
Read full XM Review

FAQs

Is Exness or XM safer for Forex and CFDs trading?

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Both brokers have licenses from trustworthy global regulators and maintain a clean track record. Negative balance protection and segregation of client deposits exist at Exness and XM, making them equally safe.

What about MetaTrader and copy trading?

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Exness and XM provide traders with the out-of-the-box MT4/MT5 trading platforms, but XM also delivers a series of plug-ins for an improved solution. Both trading platforms come with an integrated copy-trading service.

Which is the more reliable broker?

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Traders have an equally reliable broker in Exness and XM, as both have more than a decade of experience. XM is home to significantly more traders.

How many Forex pairs and CFDs are available to trade?

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Exness provides traders with an excellent 107 Forex pairs but only 100 CFDs. XM maintains 57 currency pairs and 1,283 CFDs, a well-balanced choice, while cryptocurrencies are missing.

By Tobi Amure
Tobi Opeyemi Amure has more than seven years of experience as a financial market analyst. He holds a Bachelor's Degree from Obafemi Awolowo University. Tobi's main area of expertise is in personal finance and the Forex industry. He has contributed to top platforms such as Investopedia, GoBankingRates, and Investing.com, where his expertise in Forex markets and digital assets is widely recognized. Tobi’s engaging storytelling and data-driven analysis have earned him a feature on Forbes and TheStreet, setting him apart as a trusted voice in Forex and online finance. In his free time, he explores emerging Forex trends, refines his market strategies, and actively engages with the global finance community.
Reviewer DailyForex.com Team
The DFX Team at DailyForex is a group of veteran financial analysts, traders, and brokerage industry experts dedicated to producing in-depth broker reviews and cutting-edge market insights, plus analysis of market trends. Holding over 16 years of experience in global financial markets, and 4 B.A. level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using the most advanced methodology in the industry. Also, the DFX team is involved in generating technical analysis, signals, and trading strategies, with a consistent commitment to accuracy and transparency. Whether you’re a beginner or a professional trader, the DFX Team works to ensure you have the tools and insights you need to succeed as a trader in the retail CFD industry.
Fact-checker Adam Lemon

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.

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