Exness vs FXCM Comparison & Reviews

FeatureExnessFXCM
RegulationRegulated by FCA (UK), CySEC (Cyprus), FSB (South Africa), ASIC (Australia), and moreRegulated by FCA (UK), ASIC (Australia), CFTC, NFA (USA), FSCA (South Africa)
Account TypesStandard, Pro, Zero, and ECN accounts, each with different spreads and commissionsStandard, Active Trader, and Spread Betting accounts, with different services for each type
Minimum Deposit$1 minimum deposit for most account types, higher for Pro and ECN accounts$50 minimum deposit for Standard account, higher for some account types
LeverageOffers leverage up to 1:2000 depending on account type and regionOffers leverage up to 1:400, depending on account type and region
SpreadsStarting from 0.0 pips for ECN accounts, spreads vary for others, starting from 0.1 pipsStarting from 0.1 pips for Standard and Active Trader accounts
CommissionsECN accounts charge commission per lot traded, other accounts may charge no commissionCommissions on Active Trader accounts, typically lower than other account types
Trading PlatformsMetaTrader 4, MetaTrader 5, WebTrader, and Exness TraderMetaTrader 4, MetaTrader 5, TradingView, and FXCM Trading Station
Instruments OfferedForex, commodities, indices, metals, cryptocurrencies, stocks, and energiesForex, CFDs on stocks, commodities, indices, and cryptocurrencies
Minimum Lot Size0.01 lots for most accounts0.01 lots for most accounts
Execution TypeMarket execution, Instant execution for some accountsMarket execution, Instant execution for certain products
Mobile TradingExness mobile app for iOS and AndroidFXCM Trading Station app and MetaTrader mobile apps
Deposit/WithdrawalBank transfers, credit/debit cards, e-wallets (Skrill, Neteller, etc.), and cryptocurrenciesBank transfers, credit/debit cards, PayPal, Skrill, Neteller, and more
Customer Support24/7 customer support via live chat, phone, and email24/5 customer support via phone, email, and live chat
Education and ResearchWebinars, educational articles, market analysis, and economic calendarEducational videos, webinars, daily market research, and live analysis
Islamic AccountsAvailable for all account types upon requestAvailable for certain account types, subject to eligibility and regulatory constraints
Trading CostsLow trading costs for most account types, spreads can be variable depending on marketRelatively low trading costs for Active Trader and other accounts, depending on volume
Deposit MethodsCredit cards, e-wallets, wire transfers, cryptocurrenciesCredit cards, PayPal, Skrill, Neteller, bank transfers
Withdrawal MethodsCredit cards, e-wallets, wire transfers, cryptocurrenciesCredit cards, PayPal, Skrill, Neteller, bank transfers
Customer FeedbackGenerally positive reviews regarding platform usability and customer serviceMixed reviews, with some complaints about platform outages and spreads
Regulation BodiesFCA, CySEC, ASIC, FSB, FSCA, and other global regulatorsFCA, ASIC, CFTC, NFA, FSCA, and other global regulators
Copy TradingAvailable through Exness Copy Trading serviceAvailable through FXCM’s Trading Station and via third-party copy trading platforms
Available CountriesOver 190 countries, with some restrictions in specific regionsAvailable in over 50 countries, but restrictions in certain regions
Trading Hours24/5 for Forex, commodities, and metals, 24/7 for cryptocurrencies24/5 for Forex, commodities, indices, and 24/7 for cryptocurrencies
Negative Balance ProtectionYes, for all retail clientsYes, for retail clients in certain regions
Auto-TradingSupports Expert Advisors (EAs) on MetaTrader platformsSupports automated trading via MetaTrader platforms and Trading Station
Social TradingExness does not provide its own social trading platform, but supports third-party servicesFXCM offers social trading through platforms like ZuluTrade and TradingView
Risk Management ToolsStop Loss, Take Profit, Trailing Stop, and Market AlertsStop Loss, Take Profit, Trailing Stop, One Cancels Other (OCO) orders
Security FeaturesSSL encryption, two-factor authentication (2FA), account protectionSSL encryption, two-factor authentication (2FA), account protection
Account Currency OptionsUSD, EUR, GBP, and many others, depending on region and account typeUSD, EUR, GBP, and other major currencies
Profit Sharing/Referral ProgramsYes, through Exness affiliate and referral programsYes, through FXCM’s affiliate and referral programs
Trading CentralAvailable via third-party integrationAvailable for Active Trader accounts and premium services
Regulatory ReportingRegular financial reporting and transparencyRegular financial reporting and transparency
Dedicated Account ManagerAvailable for higher-tier accounts (VIP and Professional)Available for higher-tier accounts (Active Trader, VIP)
BacktestingAvailable on MetaTrader 4 and MetaTrader 5 platformsAvailable on MetaTrader 4, MetaTrader 5, and Trading Station
Custom Indicators/ToolsAvailable for MetaTrader platformsAvailable for MetaTrader platforms and Trading Station
Demo Account FeaturesUnlimited demo accounts, with full access to platform featuresUnlimited demo accounts, full access to platform features
Market News and AnalysisDaily updates, news feeds, market analysis, and webinarsDaily updates, news feeds, live market analysis, and webinars
API TradingAvailable through MetaTrader 4/5 API and third-party solutionsAvailable through MetaTrader 4/5 API and FXCM API
Trading Psychology ToolsEmotional Control (offered through partnerships with third parties)Not specifically provided, but available through third-party tools
Spread BettingNot available in all regions, but offered in select countriesAvailable in the UK and Ireland under tax-efficient structure
HedgingAllowed for most account typesAllowed for most account types
Interest on Unused MarginNot applicable (Exness offers commission-based accounts)Not applicable (FXCM charges commissions and spreads, no interest)
Deposit SpeedInstant for e-wallets, 1-3 business days for bank transfersInstant for e-wallets, 1-3 business days for bank transfers
Withdrawal SpeedInstant for e-wallets, 1-3 business days for bank transfersInstant for e-wallets, 1-3 business days for bank transfers
Commission-Free WithdrawalsYes, for many payment methods (conditions apply)Yes, for many payment methods (conditions apply)
Overnight Funding/Swap RatesVariable, depends on the instrument and position durationVariable, depends on the instrument and position duration
Trading SignalsAvailable through third-party services integrated with platformAvailable through third-party services like Trading Central
Currency PairsOver 100+ currency pairs available for tradingOver 50+ currency pairs available for trading
Account VerificationKYC process required for account verificationKYC process required for account verification
Deposit FeesNo deposit fees for most methods, except some bank transfersNo deposit fees for most methods, except some bank transfers
Withdrawal FeesFees for bank transfer withdrawals, no fees for e-walletsFees for bank transfer withdrawals, no fees for e-wallets
Segregated AccountsYes, client funds held in segregated accountsYes, client funds held in segregated accounts
Bonus and PromotionsNo deposit bonuses or promotions offeredLimited promotions and bonuses available, depending on region
VPS HostingFree VPS for eligible clients (based on trading volume)Available for Active Trader clients with certain conditions
Market Execution SpeedExtremely fast with direct market access for ECN accountsFast execution with market access on supported instruments
Margin Call/Stop Out LevelsMargin call at 60%, stop-out at 30% for most accountsMargin call at 100%, stop-out at 50% for most accounts
Risk WarningClear risk warnings on platform, with educational resourcesClear risk warnings on platform, with educational resources
Trading CompetitionsExness offers periodic trading competitionsFXCM offers periodic trading competitions
Institutional ServicesExness offers White Label and Liquidity Provider servicesFXCM offers institutional trading solutions and liquidity
Funds SecurityClient funds are protected through separate custodial accountsClient funds are protected via custodial accounts
Broker TransparencyHigh transparency in financial reporting and auditsHigh transparency in financial reporting and audits
Global OfficesOffices in over 10 countries, with customer service in multiple languagesOffices in multiple countries with customer service in multiple languages
Client Risk Management ToolsAvailable risk management tools, including negative balance protectionRisk management tools, including negative balance protection
Web-based Trading PlatformExness WebTrader available in most regionsFXCM WebTrader platform available for users
Currency ConverterBuilt-in currency converter for fast calculationsBuilt-in currency converter for fast calculations
Charting ToolsAdvanced charting tools on MetaTrader 4/5 and Exness WebTraderAdvanced charting tools on MetaTrader 4/5 and Trading Station
Trading Research ToolsMarket news, analysis, and sentiment indicatorsExtensive market news, live analysis, sentiment indicators
API for Algorithmic TradingAvailable for automated trading via MetaTrader APIAvailable for algorithmic trading with FXCM API
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Exness and FXCM offer competitive trading features, with differences in regulation, leverage, fees, and platforms. Exness provides a broader range of account types and high leverage, while FXCM offers specialized tools for active traders and institutions.