Feature | Exness | XM |
|---|---|---|
Year Founded | 2008 | 2009 |
Regulation | CySEC, FCA, FSA (Seychelles), FSCA (South Africa), CBCS, FSC (BVI) | CySEC, FCA, ASIC, DFSA, IFSC |
Headquarters | Limassol, Cyprus | Limassol, Cyprus |
Minimum Deposit | $10 (Standard Account) | $5 (Micro & Standard Accounts) |
Maximum Leverage | 1:2000 (depends on account type) | 1:888 (Non-EU clients) |
Trading Instruments | Forex, Metals, Cryptocurrencies, Energies, Stocks, Indices | Forex, Commodities, Indices, Metals, Energies, Stocks, CFDs |
Spread Type | Variable | Variable |
Typical Spread on EUR/USD | 0.1 pips (Raw Spread Account), 1.0 pips (Standard Account) | 0.6 pips (Zero Account), 1.6 pips (Standard Account) |
Commission | No commission on Standard accounts. Raw Spread and Zero accounts have commission starting from $3.50 per lot | Zero Account has a commission of $3.5 per lot per side. |
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTerminal, Mobile App | MetaTrader 4 (MT4), MetaTrader 5 (MT5), XM WebTrader |
Account Types | Standard, Standard Plus, Raw Spread, Zero, Pro | Micro, Standard, XM Zero, Ultra-Low |
Demo Account | Yes (Unlimited) | Yes (Unlimited) |
Islamic Account | Yes (Swap-free accounts available) | Yes (Swap-free accounts available) |
Deposit/Withdrawal Methods | Bank wire, Credit/Debit cards, E-wallets (Skrill, Neteller), Cryptocurrency, Local payment options | Bank wire, Credit/Debit cards, E-wallets (Skrill, Neteller), Local payment options |
Deposit/Withdrawal Fees | No deposit fees. Withdrawal fees may apply for specific methods | No deposit/withdrawal fees |
Execution Type | Market execution | Market execution |
Trading Hours | 24/5 for Forex, specific hours for other instruments | 24/5 for Forex, specific hours for other instruments |
Negative Balance Protection | Yes | Yes |
Education and Analysis | Webinars, Trading guides, Market analysis, Economic calendar | Webinars, Tutorials, Market analysis, Economic calendar |
Customer Support | 24/7 via live chat, email, phone | 24/5 via live chat, email, phone |
Bonus and Promotions | No bonuses due to regulatory restrictions | Welcome bonus, Loyalty program (for non-EU clients) |
Social Trading/Copy Trading | Yes, via Exness Social Trading | No direct feature, but MT4/MT5 tools may offer options |
Licensing in Europe | FCA (UK), CySEC (EU) | CySEC (EU), FCA (UK), ASIC (Australia) |
Mobile Trading | Yes (Mobile apps for both iOS and Android) | Yes (Mobile apps for both iOS and Android) |
Account Currency Options | Over 80 currencies including USD, EUR, GBP, CAD, BTC, etc. | 11 currencies including USD, EUR, GBP, JPY, AUD, ZAR |
Scalping and Hedging | Allowed | Allowed |
Trading Tools | VPS hosting, Economic calendar, Currency converter, Calculator | VPS hosting, Economic calendar, Trade ideas, News feed |
Leverage for EU Clients | Up to 1:30 (FCA and CySEC) | Up to 1:30 (FCA and CySEC) |
Supported Languages | 15+ languages including English, Spanish, Russian, Chinese, Arabic, etc. | 25+ languages including English, Spanish, French, German, Arabic, etc. |
Account Verification Time | Instant verification available | 24-48 hours |
Order Execution Speed | <0.1 seconds (ultra-fast) | 0.15-0.25 seconds |
Order Types | Market, Pending (Limit/Stop), Trailing stop, One-click trading | Market, Pending (Limit/Stop), Trailing stop, One-click trading |
Available Lot Sizes | 0.01 to 200 lots (depending on account type) | 0.01 to 100 lots |
Leverage for Retail Clients | 1:30 (EU), up to 1:2000 (International) | 1:30 (EU), up to 1:888 (International) |
Leverage for Professional Clients | 1:2000 (Available upon meeting professional client criteria) | 1:500 (Professional clients under certain conditions) |
Swap-Free Options | Yes, on specific account types | Yes, available for Islamic accounts |
Margin Call/Stop-Out Levels | 60%/0% on Standard Account, 30%/0% on Pro and Zero Accounts | 50%/20% (EU), 20%/10% (International) |
Requote Policy | No requotes (STP/ECN broker) | No requotes (Market execution) |
Micro Accounts | No, but Standard Account allows micro-lot trading (0.01 lots) | Yes, XM Micro Account allows trading in smaller units (1 micro lot = 1,000 units) |
Available Cryptocurrencies | Bitcoin, Ethereum, Litecoin, Ripple | No direct cryptocurrency trading |
Spreads on Majors | From 0.1 pips (Raw Spread), from 1.0 pips (Standard Account) | From 0.6 pips (Zero Account), from 1.6 pips (Standard Account) |
MetaTrader 4 Features | Hedging, Real-time data, VPS support, Automated trading (Expert Advisors) | Hedging, VPS support, One-click trading, Expert Advisors |
MetaTrader 5 Features | Extended order types, Additional technical indicators, Faster execution | Full order types, Additional chart types, Multi-asset support |
Advanced Charting Tools | Yes (via MT4/MT5), includes technical indicators and analytics tools | Yes, available on MT4/MT5 and WebTrader platforms |
Automated Trading | Yes, supports Expert Advisors (EAs) on both MT4 and MT5 platforms | Yes, supports Expert Advisors (EAs) on both MT4 and MT5 platforms |
Social Trading | Exness Social Trading platform (copy professional traders) | No direct social trading platform |
Trading Contests | No | Yes, periodic trading contests for prizes (for non-EU clients) |
News Feed | Yes, integrated into the platform (MT4/MT5) | Yes, includes in-depth market analysis, real-time updates |
VPS Hosting | Yes, free for eligible traders | Yes, free for traders who meet minimum deposit requirements |
Slippage Protection | Yes, partial fills available | Yes, negative balance protection and automatic stop-out |
Depth of Market (DOM) | Yes (available on MT5) | Yes (available on MT5) |
Deposit Processing Time | Instant for most payment methods (including crypto) | Instant (depending on payment method) |
Withdrawal Processing Time | Instant for most methods (cryptos, e-wallets), up to 3-5 days for bank transfers | Same day for e-wallets, 2-5 days for bank transfers |
Negative Balance Protection | Yes (all account types) | Yes (all account types) |
PAMM/MAM Accounts | No | No direct offering of PAMM/MAM accounts |
Customer Support Channels | 24/7 live chat, email, phone, WhatsApp | 24/5 live chat, email, phone |
Local Office Presence | Available in regions like Asia and South Africa | Available in over 10 regions globally, including Asia and Europe |
Supported Languages | 15+ languages including English, Russian, Spanish, Arabic, Chinese | 25+ languages including French, German, Italian, Spanish, Arabic |
Trading Signals | Yes, via Trading Central | Yes, via MetaTrader Signals |
Webinars and Seminars | Frequent, available in multiple languages | Frequent, multilingual, with both beginner and advanced sessions |
Economic Calendar | Yes, available on the Exness website and platforms | Yes, available on XM website and trading platforms |
Inactivity Fee | No inactivity fee charged | Yes, $5/month after 90 days of inactivity |
Withdrawal Limits | No limits on withdrawals, but restrictions apply based on method | No specific withdrawal limits |
Rebate Program | No direct rebates | Yes, for professional and VIP clients |
Broker Type | STP/ECN (Direct market access) | Market Maker (with No Dealing Desk execution) |
