Who has the upper hand?
Exness VS FXTM
About Exness
Exness was founded in 2008 aiming to reshape and improve the online trading industry. Their numbers have grown currently having more than 0.7 million active traders. Today, Exness has a trading volume of more than 5 trillion dollars monthly, which is one of the biggest trading volumes by any broker. The official website for Exness is www.Exness.com.
Exness Minimum Deposit: $10
Risk warning: Remember that forex and CFDs available at Exness are leveraged products and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.
About FXTM
FXTM was established in 2011 and has grown to be one of the biggest brokers, growing in the number of clients. It has over 1 million clients from over 150 countries around the world. The official website for FXTM is www.forextime.com.
FXTM Minimum Deposit: $100
Risk warning: Remember that forex and CFDs available at FXTM.com are leveraged products and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.
Exness is regulated by:
FSCA
Financial Sector Conduct Authority, based in South Africa, license number 51024.
CMA
Capital Markets Authority, based in Kenya, license number 162.
FSC
Financial Services Commission, based in Mauritius, registration number 176967.
CySEC
Cyprus Securities and Exchange Commission, based in Cyprus, license no 178/12.
FCA
Financial Conduct Authority, based in the United Kingdom, license no 730729.
FXTM is regulated by:
FSCA
Financial Sector Conduct Authority, based in South Africa, license number 50320.
CMA
Capital Markets Authority, based in Kenya, license number 135.
FSC
Financial Services Commission, based in Mauritius, registration number C113012295.
CySEC
Cyprus Securities and Exchange Commission, based in Cyprus, license no 185/12.
FCA
Financial Conduct Authority, based in the United Kingdom, license no 777911.
Supported Platforms by Exness
Exness supports the following trading platforms
Mobile application: Exness Trader,
Exness Terminal
Supported Platforms by FXTM
FXTM supports the following trading platforms
Mobile application: FXTM Trader
01
Platforms
Exness Trading platforms
Clients of Exness can trade using four different trading platforms. These include MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade app. MetaTrader 4 and MetaTrader 5 are two of the most popular platforms used by both beginners and experienced traders.
They have intuitive interfaces coupled with advanced functionalities. Further, Exness Terminal is the company’s web-based platform packed with top-tier features including once-click-trading and a watchlist.
The Exness Trade app is available on both Google Play and App Store. This makes it available for both Android and iOS users. The trading app is one of the most powerful trading apps featuring market news, trading signals, price alerts, margin call notifications, and many more features.
FXTM Trading platforms
In contrast, FXTM offers traders access to MetaTrader 4 and MetaTrader 5 alongside the FXTM Trader app. The most popular MT4 and MT5 platforms are available allowing traders of all experience levels around the world to trade.
They can be downloaded on PC, Mac, mobile and tablet. They can also be used on the web without needing to download them. The FXTM Trader app is accessible to traders on their phones allowing them to trade on the go.
Did you know?
Exness offers even more competitive spreads on professional accounts accessible with an initial deposit as low as 200 USD?
Did you know?
FXTM servers clients from 150+ countries?
02
Assets
Exness Trading assets
Exness has just over 200 tradable instruments for its clients. These include CFDs on:
- Forex - On the Exness trader site, traders can access more than 100 currency pairs in the forex market. They include major, minor, and exotic currency pairs. Some of the major pairs include AUDUSD, EURUSD, GBPUSD, NZDUSD, and USDJPY.
- Commodities - Exness offers a diverse collection of commodities. Traders can trade in metal and energy-based instruments against major currencies. There are more than 18 commodities thus you can trade commodity derivatives around the world. These include USOIL, XNGUSD, UKOIL, XAUUSD, XAGUSD, and XPTUSD, and more.
- Stocks - There are more than 100 stocks to trade as CFDs. Clients can trade some of the biggest names in tech and industry, including Google, Amazon, Tesla, Alibaba, and Intel. Stock market opening times vary depending on which share market a client is trading. Nevertheless, the stocks at Exness are accessible from Monday to Friday.
- Indices - Exness offers some of the most popular indices such as US Tech 100, S&P, and others. Other indices include, AUS200, US30, FR40, DE30, USTEC, US500, STOXX50, UK100 and JP225.
- Crypto - Crypto trading is available on Exness 24/7. There are more than 10 popular cryptocurrencies available for trading. These range from Bitcoin to Ethereum, Litecoin, and more. These cryptocurrencies are available to trade against the US dollar.
FXTM Trading assets
In FXTM there are more than 1,000 instruments (CFDs) for trading. These instruments include:
- Forex - As a client on FXTM you can trade more than 60 currency pairs, including Majors, Minors, and Exotics. Some of the best pairs to trade on this broker site include EUR/USD, USD/JPY, EUR/JPY, and EUR/GBP.
- Metals - FXTM also allows its traders to access a variety of metals including gold and silver. Some of the pairs that involve these metals include XAUUSD, XAUEUR (Gold/Euro), XAUGBP, XAGUSD, and XAGEUR.
- Commodities - A client has the opportunity to access popular commodities in the market. In total, there are 13 different commodities on the platform. You can find commodities such as UK Brent oil, US crude oil, Arabica coffee, US heating oil, and many others.
- Indices - With FXTM a trader gets access to about 18 different stock indices. Some of the indices available include US500 (S&P 500), NAS100 (Nasdaq 100), UK100 (FTSE 100) and others.
- Crypto - Crypto trading is available in FXTM in terms of a CFD. As a trader, you can trade cryptos like bitcoin, ether, ripple, and more, without owning the underlying coins. There are more than 11 crypto CFDs to trade in FXTM.
- Stocks - FXTM also offers more than 397 stocks for trading to its clients. There are various stocks available including the stocks of some of the largest companies in the world.
- Stocks CFDs - Other than trading in real stocks FXTM offers more than 600 stock CFDs.
*The availability of instruments may differ depending on your country of residence. Especially crypto trading is not available everywhere.
03
Fees
Exness Fees and Leverage
Spreads are floating on Exness, meaning they are always fluctuating. The broker boasts of some of the lowest possible spreads in the market. On the standard account, the broker claims to offer spreads as low as 0.3 pips.
However, the average spreads traders experience are much higher ranging from 1.0 pips to 2.1 pips for major currency pairs. Here are examples of the average spreads on Exness standard accounts.
EURUSD - Average spread of 1.0 pips.
GBPUSD - Average spread of 1.2 pips.
USDCAD - Average spread of 2.2 pips.
CADJPY - Average spread of 6.5 pips.
The maximum leverage varies depending on the country where the trader is residing. Interestingly, the broker offers traders one of the highest leverages available sitting at a maximum of 1:unlimited.
FXTM Fees and Leverage
FXTM offers slightly higher spreads to its clients. Traders have access to spreads starting as low as 2.1 pips on major currency pairs on the broker’s Advantage Plus account.
To see the live spreads available, traders can check on the various trading platforms. There are only three account base currencies supported on the Advantage Plus account including the US Dollar (USD), the Euro (EUR), and the Great British Pound (GBP). Here are examples of the average spreads on the Exness Advantage Plus account (which is their standard account where no commission is charged.)
EURUSD - Average spread of 2.1 pips.
GBPUSD - Average spread of 2.5 pips.
USDCAD - Average spread of 2.8 pips.
CADJPY - Average spread of 3.7 pips.
Further, FXTM offers different relatively high leverage that goes up to 1:2000. However, note that the leverage can differ depending on the country where the trader is residing.
Exness Available Deposit & Withdrawal Methods
Exness supports the following deposits and withdrawal methods
FXTM Available Deposit & Withdrawal Methods
FXTM supports the following deposits and withdrawal methods
Mobile Money
04
Final words
Conclusion
Both Exness and FXTM are prominent brokers in the online trading industry, each with its own strengths and offerings. The two companies are under the regulation of several regulators in the market. Better yet, both of these brokers are regulated in South Africa by the FSCA, alongside other organizations around the world. However, Exness has the upper hand as it boasts a longer history in the market having launched in 2008 and having slightly more competitive spreads. Moreover, it supports the ZAR as an account base currency, eliminating the need to convert funds when making deposits and withdrawals.
Further, Exness boasts a larger trading volume of the two brokers. This is coupled with relatively low minimum deposits and high-leverage options. On the other hand, FXTM stands out with its extensive range of trading instruments, including over 1,000 assets, and competitive spreads on major currency pairs. Nonetheless, the difference between these companies is not significant. Ultimately, the choice between Exness and FXTM depends on individual preferences, trading needs, and priorities.