Feature | Exness | CXM Direct |
|---|---|---|
Regulation | Regulated by top-tier authorities including CySEC, FCA, and FSCA | Registered in the UK, regulated by FCA, only for advisory services, not as a fully-regulated broker |
Trading Platforms | MetaTrader 4, MetaTrader 5, Exness Trader app, Web Terminal | MetaTrader 4, MetaTrader 5, no proprietary platform |
Account Types | Standard, Standard Plus, Professional (includes Raw Spread, Zero, Pro accounts) | Cent, Standard, Standard Plus, ECN, Islamic |
Minimum Deposit | Varies by account type, as low as $10 | Minimum $10 for Cent accounts, up to $100 for other types |
Leverage | Up to 1:2000 for international clients, 1:30 for EU clients | Up to 1:1000, varies by account type |
Assets Available | Forex, commodities, cryptocurrencies, indices, stocks | Forex, indices, stocks, commodities, cryptocurrencies |
Spreads | From 0.1 pips on standard accounts, 0 pips on professional accounts (may vary based on market conditions) | Variable spreads, starting from 0 pips on ECN accounts |
Commission | Zero commission on standard accounts, commission varies on professional accounts | Zero commission on most accounts, commissions may apply on ECN accounts |
Deposit/Withdrawal Fees | No fees, instant processing for most methods | No deposit fees, withdrawals processed within 24 hours, no fees for most methods |
Payment Methods | Bank transfer, credit/debit cards, e-wallets like Skrill, Neteller, crypto payments | Bank transfer, credit/debit cards, e-wallets, crypto payments like Bitcoin |
Customer Support | 24/7 support in multiple languages, via phone, chat, and email | 24/5 support via live chat, phone, and email, multiple languages supported |
Educational Resources | Comprehensive, including webinars, market analysis, and tutorials | Limited compared to Exness, offers basic webinars and market analysis |
Automated Trading | Full support for EAs (Expert Advisors) on MT4 and MT5 | Supports EAs and automated trading on MT4 and MT5 |
Copy Trading | Yes, available through Exness’ proprietary app | Supported via MT4 and MT5 trading signals, but no in-house copy trading service |
Negative Balance Protection | Yes | Yes |
Additional Features | Customizable alerts, advanced market analysis tools, VPS hosting for eligible accounts | PAMM accounts, advanced risk management tools like margin calls and stop-loss orders |
User Experience | Well-regarded for user-friendly platforms and quick account setup | Positive for platform stability, some reports of occasional downtime |
Account Currencies | Offers multiple account currency options, including USD, EUR, GBP, and more | Primarily offers USD accounts, limited additional currencies |
Account Verification Time | Quick account setup, typically within a few hours | Slightly longer, usually within 24 hours |
Trading Models | Uses No Dealing Desk (NDD) model, primarily STP (Straight Through Processing) | Offers both NDD and ECN account options, minimizing potential conflicts of interest |
Risk Management Tools | Comprehensive, including customizable stop-loss, take-profit, and trailing stop orders | Standard risk management tools like stop-loss and take-profit orders |
Bonus and Promotions | Occasionally provides bonuses and promotions for new and existing users | More frequent promotions and bonuses, including rebate programs and seasonal offers |
Market News & Analysis | Regular, in-depth market news, technical and fundamental analysis available | Offers basic market news and weekly analysis, less detailed |
Islamic Accounts | Available with options for swap-free trading, ideal for Muslim traders | Available as a specific account type |
Scalping and Hedging | Both supported across all account types | Supported, especially popular on ECN accounts |
Mobile App Features | Exness Trader app has in-app alerts, market news, account management, and MT4/MT5 access | Offers MT4 and MT5 mobile app access, fewer customization options on account management |
Account Protection | Provides advanced measures, including negative balance protection and segregated funds | Also includes negative balance protection, but with basic account protection measures |
Execution Speed | Fast order execution, with a high rate of under 0.1 second execution speed | Reasonable execution speed, with some reports of minor delays during peak trading hours |
Cryptocurrency Trading | Includes major cryptocurrencies, Bitcoin, Ethereum, Ripple, and Litecoin | Limited cryptocurrency options, fewer pairs available |
VPS Hosting | Free VPS hosting available for active traders with minimum account balance requirements | VPS available but may have a higher balance requirement or fee |
Withdrawal Processing Time | Typically processed within a few hours, very fast withdrawals | Withdrawals within 24 hours, though may take longer during high demand periods |
Platform Customization | MT4 and MT5 platforms allow custom indicators, EAs, and scripts | Standard customization available, no additional proprietary customization features |
Popularity and User Base | Globally popular, with high customer satisfaction and large user base | Smaller user base, less global presence but gaining traction in specific regions |
Fee Transparency | Transparent fee structure, detailed on the website | Transparent, with no deposit/withdrawal fees, but some account types have higher trading costs |
Order Types Supported | Market, limit, stop, and trailing stop orders | Similar order types, including market, limit, and stop orders |
Market Execution Model | Primarily utilizes market execution for fast trade processing | Both market and instant execution options available |
Trade Notifications | Real-time notifications for price changes, news, and margin alerts | Basic notification options, limited in-app alerts |
Stop-Out Levels | Generally set at 30%, allowing flexibility in managing positions | Similar stop-out level at 30%, consistent across account types |
Automated Strategies | Comprehensive support for automated trading, including extensive EA (Expert Advisor) compatibility | Standard EA support, customizable strategies with MT4 and MT5 |
Social Trading Options | Integrated social trading features and strategies shared by the Exness community | Basic social trading via MT4 and MT5 signals, no dedicated platform |
Support Languages | Available in over 15 languages | Available in 10+ languages, including major global and regional languages |
Advanced Charting Tools | Extensive charting capabilities with custom indicators and multiple time frames | Basic charting tools, limited customization options compared to Exness |
Client Feedback | High user satisfaction ratings, known for reliability and transparency | Mixed reviews, with some users noting occasional delays and limited advanced features |
Trust Score | Generally high, with strong customer feedback and regulatory compliance | Moderate trust score, some concerns about regulatory limitations |
Trading Hours | 24/5 trading, with access to global markets around the clock | Standard 24/5 trading availability, aligns with major financial market hours |
Website Accessibility | Well-optimized for desktop and mobile, with minimal load times and a clean layout | User-friendly but with occasional loading issues reported, especially during peak times |
Special Trading Tools | Offers trading calculators, risk management calculators, and VPS for frequent traders | Limited access to calculators, more basic trading tools available |
Margin Requirements | Flexible margin requirements tailored to account types and trading volumes | Generally consistent margin requirements, with slightly lower flexibility in margin changes |
News Feed Integration | Direct access to news from Reuters, economic calendar, and market analysis | Basic news feed with market overviews, limited live news integration |
Account Setup Complexity | Minimal, with quick verification processes and multiple identity verification options | Straightforward, though documentation requirements may vary depending on account type |
Competitions and Contests | Occasional trading competitions for users, allowing additional profit opportunities | Regular trading contests with rewards, often for active traders |
Research Tools | Extensive, including economic calendar, trend analysis, and currency converters | Basic research tools, limited compared to Exness’ more advanced offerings |
Investor Compensation | Provides investor protection under CySEC regulation for eligible clients | Limited compensation options, dependent on regional regulations |
Account Closure Process | Simple process, can be managed directly from the platform | Manual process, may require customer support for complete account closure |
Advanced Trading Types | Supports advanced types like scalping, hedging, and arbitrage | Supports scalping and hedging, but limited options for arbitrage |
Data Privacy Measures | Advanced encryption and secure client data management practices | Standard encryption, with basic data privacy measures |
Exness is highly regarded for regulatory compliance, extensive features, and research tools, while CXM Direct offers competitive leverage, straightforward account types, and frequent promotions, catering to diverse trader needs.