FXTM vs Exness

vs
FXTM vs Exness Comparison Table 2024
FXTM Exness
4
4.6
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

FXTM is a forex and CFD broker established in 2011 and operating across four continents. The company is secure and regulated by leading authorities, including the FCA. Offering 1,000+ markets and three account types, they cater to all levels of trader.

Established in 2008, Exness has maintained its position as a highly respected broker, standing out with its industry-leading range of 40+ account currencies, growing selection of CFD instruments, and intuitive web platform complete with useful extras like currency convertors and trading calculators.

Customer Reviews
4
Bonus Offer
30% up to $100 via Exinity Ltd
Comment by Reviewer
"FXTM is ideal for experienced day traders with account options designed for short-term strategies, even winning DayTrading.com's 'Best ECN Account' award, alongside tight spreads that have been reduced and VPS support for algorithmic trading. " "After slashing its spreads, improving its execution speeds and support trading on over 100 currency pairs with more than 40 account currencies to choose from, Exness is a fantastic option for active forex traders looking to minimize trading costs."
Pros
  • FXTM’s UK entity offers excellent client protections, notably industry beating coverage up to $1 million per client and segregated accounts, enhancing security for traders with large balances.
  • FXTM emerges as a top MetaTrader broker with custom MT4 add-ons, including a Pivot Point Indicator, Pip Value Calculator, and Spread Indicator, for more precise trading.
  • The introduction of FXTM Invest allows traders to follow top strategies with detailed performance stats and risk scores. This feature benefits newer traders by providing clear metrics to match their preferred risk levels.
  • FXTM supports a terrific range of payment methods, especially local options in Africa and Asia like M-Pesa and TC Pay Wallet. And with e-wallet withdrawals processed in as little as 30 minutes, this suits traders who require quick access to funds.
  • FXTM’s Advantage and Advantage Plus accounts offer tight spreads (from 0.0 pips) and low or no commissions, designed for short-term traders looking to minimize costs.
  • Highly competitive spreads, reduced for USOIL and BTCUSD in 2024, are available from 0 pips with low commissions from $2 per side.
  • Excellent range of account types for all experience levels, including Cent, Pro plus the introduction of Raw Spread, ideal for day traders.
  • Exness was the first brokerage to pass the $1 trillion and $2 trillion marks in monthly trading volumes, highlighting its legitimacy.
  • Fast and dependable 24/7 multilingual customer support via telephone, email and live chat based on hands-on tests.
  • Exness Terminal offers a streamlined experience for beginners with dynamic charts while setting up watchlists is a breeze.
  • Improved execution speeds, now averaging under 25ms, offer optimal conditions for short-term traders.
Cons
  • FXTM’s strong UK regulation doesn’t extend globally, so despite negative balance protection, non-British traders may have limited recourse options in case of disputes.
  • FXTM's educational offerings have come a long way, notably its informative e-books, but they are often tailored to beginners, making them less appealing to experienced traders.
  • FXTM only offers MetaTrader 4/5 for desktop trading, with no proprietary platform like eToro for a customized trading experience. MT4/5 is feeling increasingly outdated for active traders.
  • FXTM focuses on CFDs and a modest collection of stocks but lacks ETFs, options, and futures, which can limit diversification for day traders seeking more asset types to capitalize on different markets.
  • FXTM charges a $10 inactivity fee after only three months of no trading - shorter than many brokers, which can be frustrating for those who don’t trade continuously.
  • Retail trading services are unavailable in certain jurisdictions, such as the US and the UK, limiting accessibility compared to top-tier brokers like Interactive Brokers.
  • MetaTrader 4 and 5 are supported, but TradingView and cTrader still aren’t despite rising demand from active traders and integration at alternatives like Pepperstone.
  • Apart from a mediocre blog, educational resources are woeful, especially compared to category leaders like IG which provide a more complete trading journey for newer traders.
  • Exness has expanded its range of CFDs and added a copy trading feature, but there are still no real assets such as ETFs, cryptocurrencies or bonds
Awards
  • Best Trading Experience 2021 - World Finance Awards
  • Best Online Leveraged Trading Services 2021 - Global Business Awards
  • Best Forex Education Partner Nigeria 2021 - World Business Outlook
  • Best Trading Experience 2020 - World Finance Awards
  • Best ECN Broker 2020 - DayTrading.com
  • Best Multi-Asset Broker - Finance Magnates Africa Summit (FMAS) 2024
  • Most Trusted Broker in Africa - Finance Magnates Africa Summit (FMAS) 2024
  • Most Trusted Broker MEA 2024 - iFX EXPO Dubai 2024
  • Best IB/Affiliate Programme MEA 2024 - iFX EXPO Dubai 2024
  • Best Trading Conditions 2024 - UF Awards LATAM 2024
  • Best Multi-Asset Broker - Smart Vision Investment Expo 2023
  • Most Trusted Broker - Smart Vision Investment Expo 2023
Instruments
CFDs, Forex, Commodities, Indices, Stocks, Crypto CFDs, Forex, Stocks, Indices, Commodities, Crypto
Demo Account
Yes Yes
Minimum Deposit
$200 $10
Trading Platforms
  • FXTM Trader
  • MT4
  • MT5
  • Exness Trade App
  • Exness Terminal
  • MT4
  • MT5
  • TradingCentral
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FCA, FSC, CMA CySEC, FCA, FSCA, CMA, FSA, CBCS, BVIFSC, FSC
Margin Trading
Yes Yes
STP Account
Yes Yes
ECN Account
Yes Yes
DMA Account
No No
MAM Account
Yes No
PAMM Account
Yes No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
Yes Yes
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS & Android
App Review

FXTM deliver a great mobile trading experience. Fast, secure and easy-to-use, the broker also supports both MetaTrader 4 and 5 and delivers real time quotes, all trading execution types and full account maintenance. The charting facilities are also among the best of any mobile app. Download it today.

Exness Trade offers the complete mobile trading experience, delivering the broker’s fast execution speeds, hundreds of tradable CFDs and user-friendly, TradingView-powered charts right from your palm. Downloaded more than 10 million times, it’s an excellent option for active traders looking to manage their accounts and capitalize on market opportunities on the move.

Android App Rating
4.4
4.3
iOS App Rating
4.8
4.4
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes Yes
Copy Trading Platform
A great addition to market, the FXTM Invest app is easy to use and provides detailed performance stats and risk scores for Strategy Managers, plus a really handy video guide to help new copy traders understand key concepts like risk, drawdown, and returns. Exness has introduced a unique copy trading feature on its web platform and mobile app. Its user-friendly based on our tests but the performance statistics for strategies could be more detailed to better guide investor decisions.
Social Trading
No Yes
Trade Signals
Yes
VPS Hosting
Yes Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10 $0
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • NGN
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • INR
  • JPY
  • ZAR
  • MYR
  • IDR
  • DKK
  • CHF
  • HKD
  • SGD
  • AED
  • SAR
  • HUF
  • BRL
  • NGN
  • THB
  • VND
  • UAH
  • KWD
  • QAR
  • KRW
  • MXN
  • KES
  • CNY
Stock Exchanges
Commodities
CFD Trading
FXTM’s CFD offering spans 600+ forex, stocks, commodities and indices, plus crypto (location dependent), with spreads lowered in recent years. Advanced traders can also get industry-topping leverage up to 1:3000 through Exinity Ltd, amplifying results but necessitating strict risk management. Exness provides CFDs on forex, stocks, indices, commodities, and cryptos with leverage up to 1:2000, tailored for advanced day traders and featuring over 100 technical indicators in its proprietary terminal.
Leverage
1:3000 1:Unlimited
FTSE Spread
0.8 13.6
GBPUSD Spread
0.1 0.0
Oil Spread
5.0 0.0
Stocks Spread
0.1 0.9 (Apple Inc.)
Forex Trading
FXTM stands out with a strong selection of over 60 currency pairs, surpassing many competitors like AvaTrade. It also stands out with its six currency indices for traders aiming to diversify their forex portfolios, while the ECN account offers ultra-competitive spreads starting at 0 pips on majors, along with low commissions of just $3.50 per lot. Exness offers an impressive selection of around 100 forex pairs - more than most brokers we've evaluated - along with competitive spreads on major pairs starting as low as 0.1 pips. Additionally, traders benefit from a robust suite of forex analysis tools, including market news powered by FXStreet.
Forex App

FXTM deliver a great mobile trading experience. Fast, secure and easy-to-use, the app supports both MetaTrader 4 and 5 and delivers real time quotes, all trading execution types and full account maintenance. The charting facilities are also among the best of any mobile app. Download it today.

GBPUSD Spread
0.1 0.0
EURUSD Spread
0.0 0.0
EURGBP Spread
0.0 0.0
Assets
60+ 100+
Currency Indices
  • USD
  • EUR
  • GBP
  • JPY
  • AUD
  • NZD
  • USD
Cryptocurrency
Trade cryptocurrency CFDs on 11 popular digital tokens, including Bitcoin, Avalanche, and Dogecoin. Enjoy competitive floating spreads and accessible minimum lot sizes starting at just 0.01, perfect for aspiring crypto traders and experienced investors. Exness provides a selection of popular crypto-fiat pairs with zero swap fees and no commissions on Standard accounts, accessible via desktop and mobile apps. Crypto deposits are available in certain regions, and reduced Bitcoin spreads have enhanced its appeal for active traders.
Spread
Variable Floating
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • BTC
  • LTC
  • ETH
  • XRP
  • BCH
  • SOL
  • SNX
  • UNI
  • BAT
  • DOT
  • XTZ
  • ADA
  • BNB
  • ENJ
  • FIL
  • DOGE
  • COMP
  • THETA
  • AAVE
  • LINK
  • IOST
  • CAKE
  • MATIC
  • HT
  • MANA
  • HBAR
  • INCH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No