Feature | Exness | FXTM |
|---|---|---|
Regulation | Regulated by FCA (UK), CySEC (Cyprus), FSCA (South Africa), FSA (Seychelles) | Regulated by FCA (UK), CySEC (Cyprus), FSCA (South Africa), FSC (Mauritius) |
Year Established | 2008 | 2011 |
Trading Platforms | MetaTrader 4, MetaTrader 5, Exness Trader App | MetaTrader 4, MetaTrader 5, FXTM Trader App |
Account Types | Standard, Standard Cent, Pro, Zero, Raw Spread | Micro, Advantage, Advantage Plus |
Minimum Deposit | $1 for Standard account | $10 for Micro, $500 for Advantage and Advantage Plus |
Spread Type | Variable and Raw | Variable |
Spreads (Typical) | From 0.3 pips on Standard, 0.0 on Raw Spread, Zero | From 1.5 pips on Micro, 0.0 pips on Advantage, Advantage Plus |
Leverage | Up to 1:2000, unlimited for specific account types under certain conditions | Up to 1:2000, varies based on instrument and region |
Trading Instruments | Forex, Commodities, Indices, Cryptocurrencies, Stocks | Forex, Commodities, Indices, Cryptocurrencies, Stocks |
Deposit Methods | Bank Transfer, Credit/Debit Cards, eWallets (Skrill, Neteller, WebMoney), Cryptocurrency | Bank Transfer, Credit/Debit Cards, eWallets (Skrill, Neteller, WebMoney), Cryptocurrency |
Withdrawal Methods | Same as deposit methods, some instant withdrawals depending on method | Same as deposit methods |
Execution Type | Market Execution | Market Execution |
Order Execution Speed | Fast execution, typically under 0.01 seconds | Fast execution, typically under 0.2 seconds |
Negative Balance Protection | Yes | Yes |
Educational Resources | Webinars, Video Tutorials, Trading Articles, Demo Account | Webinars, Video Tutorials, Trading Articles, Demo Account |
Customer Support | 24/7, multilingual support | 24/5, multilingual support |
Research Tools | Trading Central, Economic Calendar, Trading Signals | Trading Signals, Economic Calendar, FXTM Pivot Points Strategy |
Islamic Accounts | Yes, swap-free option available for Islamic traders | Yes, swap-free option available for Islamic traders |
Copy Trading | Yes, via Exness Social Trading platform | Yes, via FXTM Invest platform |
Demo Account | Yes, unlimited demo accounts available | Yes, unlimited demo accounts available |
Cryptocurrency Pairs | Yes, including Bitcoin, Ethereum, Litecoin, Ripple | Yes, including Bitcoin, Ethereum, Litecoin, Ripple |
Additional Features | VPS hosting for eligible accounts, AI-driven trading insights, Trade Calculator | VPS hosting for eligible accounts, PAMM (Percentage Allocation Money Management) accounts for investors |
Commission | Zero commission on Standard accounts, commission on Raw Spread and Zero accounts | Commission-free on Micro account, commission on Advantage accounts |
Promotions & Bonuses | Limited promotional offers | Offers bonuses and periodic promotions for Advantage accounts |
Mobile Trading | Fully supported on iOS and Android | Fully supported on iOS and Android |
Account Currencies | USD, EUR, GBP, AUD, various local currencies depending on the region | USD, EUR, GBP, NGN, various local currencies depending on the region |
Available Languages | 15+ languages, including English, Spanish, Russian, Chinese | 10+ languages, including English, Spanish, French, Russian, Chinese |
Social Trading Availability | Available via Exness Social Trading app | Available via FXTM Invest for copying trades |
Algorithmic Trading | Supported via MetaTrader 4 and 5 using Expert Advisors (EAs) | Supported via MetaTrader 4 and 5 using Expert Advisors (EAs) |
Stop Loss/Take Profit | Yes, available for all account types | Yes, available for all account types |
Price Alerts & Notifications | Available on trading platforms, mobile app notifications, desktop notifications | Available on trading platforms, mobile app notifications |
Hedging Allowed | Yes, allowed on all account types | Yes, allowed on all account types |
Scalping Allowed | Yes, scalping permitted | Yes, scalping permitted |
Pending Orders | Market, Limit, Stop, and Trailing orders available | Market, Limit, Stop, and Trailing orders available |
Guaranteed Stop Loss | Not available | Not available |
Swap-Free Accounts | Applicable to specific account types for Muslim clients | Available for Islamic accounts without swap fees |
Rebates Program | No rebate program, but lower spreads and commissions available on certain accounts | Yes, with loyalty cashbacks and rebates available |
News Feed | Live news feed integrated in the platform | Integrated financial news feed |
Trading Competitions | Occasionally available through limited-time offers | Periodic trading contests for clients |
Account Inactivity Fees | No inactivity fees | Inactivity fees apply after six months of no trading activity |
Conversion Fees | Yes, applicable for non-base currency deposits | Yes, applicable for non-base currency deposits |
Automated Withdrawal Processing | Yes, on specific methods such as e-wallets | Yes, though processing times may vary by method |
Minimum Lot Size | 0.01 lots | 0.01 lots |
Maximum Number of Orders | Up to 100 orders for most accounts | Up to 300 orders depending on account type |
Financial Reports | Monthly and annual financial reports available for registered clients | Quarterly and annual financial reports available for transparency |
Order History Retention | Comprehensive, with historical trade data accessible via platform | Comprehensive, historical trade data available via platform |
Trading Tools | Leverage Calculator, Profit Calculator, Currency Converter | Pivot Points Strategy Tool, Trading Signals, Leverage Calculator |
Client Fund Segregation | Client funds are kept in segregated accounts with tier-1 banks | Client funds are segregated in top-tier bank accounts for security |
Licenses for Different Regions | Specific licenses and offerings depending on region (e.g., CySEC for EU) | Specific licenses for different regions (e.g., CySEC, FSC for certain regions) |
Risk Management Tools | Margin call alerts, stop out levels, customizable risk alerts on app | Margin call alerts, stop out levels, Risk Management educational resources |
Account Verification Process | Quick, automated verification process, KYC compliant | Automated and manual verification, KYC compliant |
Advanced Charting Tools | Integrated with MetaTrader 4 and 5, customizable indicators, multi-chart layout | Integrated with MetaTrader 4 and 5, numerous charting tools, multi-chart layout |
Order Types Supported | Market orders, Limit orders, Stop orders, Trailing Stop | Market orders, Limit orders, Stop orders, Trailing Stop |
Data Security & Encryption | SSL encryption, two-factor authentication, regular audits | SSL encryption, two-factor authentication, regular audits |
Trading Volume Requirements | No trading volume requirements for retail accounts | No volume requirements for retail accounts, volume-based loyalty program for professional |
Platform Customizability | Highly customizable MT4/MT5 layouts, customizable Exness mobile app settings | Full customizability with MT4/MT5, customizable FXTM mobile app |
Interest on Unused Funds | No interest on unused funds in trading accounts | No interest on unused funds |
Technical Support Channels | Live chat, email, phone support, social media channels, and knowledge base | Live chat, email, phone support, comprehensive FAQ section, and knowledge base |
Affiliate Program | Yes, offers competitive commissions and marketing materials | Yes, comprehensive affiliate and referral program with tiered commissions |
Professional Client Services | Dedicated account manager for high-volume clients, advanced analytical tools | Dedicated account manager for VIP clients, access to FXTM Invest insights |
Latency & Execution Accuracy | Low latency trading with precise execution times for rapid order fulfillment | Low latency trading, VPS available for professional and high-frequency traders |
Social Media Presence | Active on Twitter, Facebook, YouTube with regular updates, webinars, and educational videos | Active on Twitter, Facebook, YouTube, and LinkedIn, offers educational content and news |
Customer Support Languages | Multilingual, including English, Chinese, Russian, Arabic | Multilingual, including English, French, Spanish, Russian, Chinese |
Market Insights & Analysis | Regular market insights, real-time analysis, economic calendar | Daily and weekly analysis, market commentary, economic calendar |
Regulatory Compliance Reporting | Quarterly and annual financial compliance reports, transparent operational disclosures | Quarterly financial reports, adherence to international AML/CFT regulations |
HFT (High-Frequency Trading) Support | Permitted on advanced account types, low latency data feeds | Permitted, low latency for professional accounts, optimized servers |
Trading Signal Services | Available via MT4/MT5 platforms, customized signals on specific assets | Signals via MT4/MT5, FXTM proprietary signals, FXTM Pivot Points |
Referral Bonuses | Periodic referral programs for users and affiliates, variable bonuses by region | Yes, frequent referral bonuses with regional promotions |
Web-Based Trading | WebTrader platform available, compatible with all browsers | WebTrader platform via MT4/MT5 for instant online trading |
Withdrawal Processing Speed | Instant processing for specific methods (e-wallets), bank transfers may take 3-5 days | Instant for certain e-wallets, bank transfers may take up to 2 business days |
Funds Protection Policy | Client funds are insured with top-tier banks, enhanced security for large deposits | Client funds held in segregated accounts with reputable banks |
Leverage Adjustment Options | Dynamic leverage options based on trading volume, accessible via platform | Adjustable leverage based on account type and region |
Research Partnerships | Collaborates with Trading Central for analysis, industry research | Research tools powered by industry experts, in-house analysts |
Holiday Trading Hours | Holiday schedules published in advance, special notifications on platform | Holiday schedules announced, additional notifications and trading pause guidance |
Corporate Account Services | Available for institutional investors, corporate-level analytical and reporting tools | Available, customized for institutions with added reporting and analytics |
Exness and FXTM both offer a range of trading options with reliable regulation, competitive spreads, robust platforms, and additional features like social trading, VPS hosting, and diverse account types, catering to both retail and professional traders.