11 minute read
Exness vs FXTM Comparison: Best Forex Broker for You?
from Exness India
by Exness_India
In the dynamic world of forex trading, choosing the right broker is a pivotal decision that can shape your trading success. Exness vs FXTM (ForexTime) are two globally recognized forex and CFD brokers, each with a strong reputation and a wide range of services. But which one is better suited to your trading needs? In this in-depth comparison, we’ll explore Exness vs FXTM across key factors such as regulation, trading platforms, fees, account types, trading instruments, customer support, and more. Whether you’re a beginner or an experienced trader, this guide will help you make an informed choice in 2025.
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1. Overview of Exness vs FXTM
Exness
Founded in 2008, Exness is a global forex and CFD broker headquartered in Cyprus. Known for its transparency, low spreads, and high trading volumes (over $2 trillion monthly), Exness caters to traders of all levels. The broker is regulated by multiple authorities and offers a user-friendly trading experience with advanced platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its proprietary Exness Terminal.
FXTM
Established in 2011, FXTM is another prominent broker with a strong presence in over 150 countries. Headquartered in Cyprus, FXTM is renowned for its educational resources, flexible account types, and competitive trading conditions. The broker supports MT4, MT5, and its proprietary FXTM Trader app, making it a popular choice for both novice and professional traders.
Both brokers have earned accolades in the industry, but their offerings differ in ways that may influence your decision. Let’s dive into the details.
2. Regulation and Trustworthiness
Regulation is a critical factor when choosing a broker, as it ensures the safety of your funds and fair trading practices.
Exness
Exness is regulated by several reputable authorities, including:
· Cyprus Securities and Exchange Commission (CySEC): A Tier-1 regulator ensuring compliance with EU standards.
· Financial Conduct Authority (FCA) in the UK: Another Tier-1 regulator known for strict oversight.
· Financial Services Authority (FSA) in Seychelles.
· Financial Sector Conduct Authority (FSCA) in South Africa.
· Other Tier-2 and Tier-4 regulators, such as the FSC in Mauritius and BVI FSC.
Exness segregates client funds, offers negative balance protection, and undergoes regular audits by firms like Deloitte, enhancing its trustworthiness. Its high trust score (97/100, according to some reviews) makes it a reliable choice.
FXTM
FXTM is also well-regulated, with licenses from:
· Financial Conduct Authority (FCA) in the UK.
· Cyprus Securities and Exchange Commission (CySEC).
· Financial Sector Conduct Authority (FSCA) in South Africa.
· Financial Services Commission (FSC) in Mauritius.
FXTM keeps client funds in segregated accounts and employs SSL encryption for secure transactions. However, it does not offer negative balance protection as a standard feature in some regions, which may be a drawback for high-risk traders. FXTM’s trust score is slightly lower (93/100) but still reflects a strong reputation.
Verdict
Both brokers are highly regulated and trustworthy, but Exness has a slight edge due to its broader regulatory coverage and standard negative balance protection.
3. Trading Platforms
The trading platform is the backbone of your trading experience, providing tools for analysis, execution, and strategy development.
Exness
Exness offers a robust selection of platforms:
· MetaTrader 4 (MT4): A popular choice for forex traders, known for its charting tools and Expert Advisors (EAs).
· MetaTrader 5 (MT5): An advanced platform with additional features like more timeframes and order types.
· Exness Terminal: A proprietary web-based platform with a user-friendly interface and fast execution.
· Exness Trade App: A mobile app with real-time market data, trading signals, and 24/7 support.
· MetaTrader WebTerminal: For browser-based trading without downloads.
Exness’s platforms are optimized for speed and reliability, making them ideal for scalpers and high-frequency traders.
FXTM
FXTM provides the following platforms:
· MetaTrader 4 (MT4): Available with a 60-day limit for demo accounts.
· MetaTrader 5 (MT5): Limited to 30 days for demo accounts.
· FXTM Trader App: A proprietary mobile app for streamlined trading and account management.
· WebTrader: Browser-based access to MT4 and MT5.
FXTM’s platforms support one-click trading, trailing stops, and pending orders, but the time limits on demo accounts may be restrictive for beginners.
Verdict
Exness offers a wider range of platforms, including its proprietary Exness Terminal and Trade App, which provide a more seamless experience. FXTM’s platforms are solid but limited by demo account restrictions.
4. Account Types
Account types determine the trading conditions and minimum deposit requirements, catering to different trader profiles.
Exness
Exness offers five account types:
· Standard: No minimum deposit, ideal for beginners, with spreads from 0.3 pips.
· Standard Cent: Designed for micro-lot trading, suitable for novices.
· Pro: For experienced traders, with spreads from 0.1 pips and no commissions.
· Raw Spread: Ultra-low spreads (from 0.0 pips) with a commission of up to $3.50 per lot per side.
· Zero: Near-zero spreads on major pairs with a commission of $0.05 per lot per side.
Exness also supports Islamic (swap-free) accounts across all types.
FXTM
FXTM provides a variety of accounts:
· Cent: Starts at $10, ideal for beginners with micro-lot trading.
· Standard: Requires $100, with competitive spreads and no commissions.
· ECN: Raw spreads from 0.0 pips with commissions, starting at $500.
· ECN Zero: No commissions but higher spreads, with a $200 minimum deposit.
FXTM offers Islamic accounts and a dedicated account for Sharia-compliant trading.
Verdict
Exness’s no-minimum-deposit Standard account and diverse professional accounts give it an edge for accessibility. FXTM’s Cent account is great for beginners with small capital, but its higher minimum deposits for ECN accounts may deter some traders.
5. Fees and Spreads
Trading costs, including spreads and commissions, significantly impact profitability.
Exness
· Spreads: Exness is known for ultra-tight spreads, starting at 0.0 pips on Raw Spread and Zero accounts. Standard accounts have spreads from 0.3 pips (e.g., EUR/USD averages 1.0 pip).
· Commissions: Commission-free on Standard and Pro accounts; Raw Spread and Zero accounts charge $0.05–$3.50 per lot per side.
· Non-Trading Fees: No withdrawal fees, but some accounts may incur higher commission charges.
Exness’s low-cost structure is particularly appealing to scalpers and day traders.
FXTM
· Spreads: Variable spreads, starting at 0.0 pips on ECN accounts and 1.5 pips on Standard accounts.
· Commissions: No commissions on Cent and Standard accounts; ECN accounts charge $0.80–$4 per lot.
· Non-Trading Fees: FXTM charges withdrawal fees in some cases and an inactivity fee after six months.
FXTM’s commission-based ECN accounts are cost-effective for high-volume traders, but its withdrawal fees are a drawback.
Verdict
Exness generally offers lower trading costs, especially with its commission-free accounts and no withdrawal fees. FXTM’s ECN accounts are competitive but less cost-effective for casual traders.
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6. Trading Instruments
The range of trading instruments allows traders to diversify their portfolios.
Exness
Exness supports a wide variety of assets:
· Forex: Over 100 currency pairs, including majors, minors, and exotics.
· Commodities: Gold, silver, oil, and other energies.
· Cryptocurrencies: Bitcoin, Ethereum, Litecoin, and more, available 24/7.
· Stocks and Indices: CFDs on global stocks and major indices.
· Metals and Energies: Additional options for portfolio diversification.
FXTM
FXTM offers a broader instrument portfolio:
· Forex: Over 60 currency pairs, including majors, minors, and exotics.
· Commodities: Gold, silver, oil, and 13 other commodities.
· Cryptocurrencies: CFDs on Bitcoin, Ethereum, and Litecoin.
· Stocks CFDs: Over 600 stock CFDs and thematic stock baskets.
· Indices and Futures: Access to major global indices and futures contracts.
Verdict
FXTM has a slight advantage due to its larger instrument portfolio, particularly in stock CFDs and futures. However, Exness’s cryptocurrency offerings are more extensive.
7. Leverage and Margin Requirements
Leverage amplifies trading potential but also increases risk.
Exness
Exness offers flexible leverage:
· Up to 1:Unlimited on certain accounts for experienced traders.
· Standard accounts typically offer 1:2000, depending on the region and asset.
· Leverage varies by instrument and account type, with lower leverage for volatile assets like cryptocurrencies.
FXTM
FXTM provides competitive leverage:
· Up to 1:2000 on forex pairs, depending on the account type and region.
· Lower leverage for other assets, such as 1:100 for metals and 1:20 for cryptocurrencies.
· Dynamic leverage adjusts based on position size and market conditions.
Verdict
Both brokers offer high leverage, but Exness’s unlimited leverage option is unique and appealing to experienced traders, provided they understand the risks.
8. Deposits and Withdrawals
Efficient funding and withdrawal processes are essential for a seamless trading experience.
Exness
· Methods: Supports VISA, MasterCard, Bitcoin, Neteller, Skrill, PerfectMoney, and local bank transfers.
· Currencies: Over 40 funding currencies, including USD, EUR, and ZAR.
· Processing: Instant deposits and withdrawals with no fees.
· Minimum Deposit: None for Standard accounts; $200 for professional accounts.
FXTM
· Methods: Includes bank transfers, VISA, MasterCard, Neteller, Skrill, Bitcoin, and local payment options.
· Currencies: USD, EUR, GBP, and others.
· Processing: Deposits are instant; withdrawals take 24–48 hours, with potential fees.
· Minimum Deposit: $10 for Cent accounts, $100 for Standard, and $200–$500 for ECN accounts.
Verdict
Exness excels with instant, fee-free withdrawals and no minimum deposit for Standard accounts. FXTM’s withdrawal fees and processing times are less competitive.
9. Customer Support
Responsive customer support is crucial for resolving issues quickly.
Exness
· Channels: 24/7 support via live chat, email, phone, and social media.
· Languages: Available in 15+ languages, including English, Arabic, and Chinese.
· Response Time: Known for quick and helpful responses, especially via live chat.
FXTM
· Channels: Support via phone, email, live chat, and WhatsApp.
· Languages: Supports multiple languages, including English and regional dialects.
· Response Time: Generally responsive, but some users report delays during peak times.
Verdict
Exness’s 24/7 multilingual support and faster response times give it a slight edge over FXTM.
10. Educational Resources
Educational resources are vital for beginner traders and those looking to improve their skills.
Exness
· Exness Academy: Offers webinars, tutorials, and articles for traders of all levels.
· Market Analysis: Daily insights and technical analysis from in-house experts.
· Trading Tools: Calculators, economic calendars, and VPS hosting for EAs.
FXTM
· Educational Hub: Comprehensive resources, including eBooks, videos, webinars, and seminars.
· Market Analysis: Regular updates and trading signals.
· Demo Accounts: Available but time-limited (30–60 days).
FXTM’s focus on education makes it a standout for beginners, with frequent in-person events in select regions.
Verdict
FXTM has a stronger educational offering, particularly for novice traders, while Exness provides sufficient resources but focuses more on tools for experienced traders.
11. Social and Copy Trading
Social and copy trading allow traders to follow and replicate successful strategies.
Exness
· Social Trading: Exness offers a proprietary social trading platform where users can copy strategies from experienced traders.
· Accessibility: Available on mobile and web platforms, with transparent performance metrics.
FXTM
· FXTM Invest: A copy trading service that connects traders with strategy providers.
· Flexibility: Suitable for both beginners and strategy providers, with customizable risk settings.
Verdict
Both brokers offer robust copy trading platforms, making this category a tie. Your choice depends on the specific features and strategy providers available on each platform.
12. Pros and Cons of Exness
Pros
· Ultra-low spreads and commission-free accounts.
· No minimum deposit for Standard accounts.
· Instant, fee-free withdrawals.
· Unlimited leverage for experienced traders.
· 24/7 multilingual support.
· Proprietary platforms (Exness Terminal and Trade App).
Cons
· Limited educational resources compared to FXTM.
· Fewer stock CFDs and futures compared to FXTM.
· Unlimited leverage carries high risks.
13. Pros and Cons of FXTM
Pros
· Extensive educational resources for beginners.
· Wide range of trading instruments, including stock CFDs and futures.
· Cent account for micro-lot trading with a $10 minimum deposit.
· Flexible account types, including Islamic accounts.
· Award-winning broker with a global presence.
Cons
· Withdrawal fees in some cases.
· Time-limited demo accounts.
· Slightly higher spreads on Standard accounts.
· No standard negative balance protection in some regions.
14. Which Broker Is Right for You?
Choosing between Exness vs FXTM depends on your trading goals, experience level, and preferences:
· For Beginners: FXTM is the better choice due to its comprehensive educational resources, Cent account for low-risk trading, and user-friendly FXTM Trader app. The broker’s focus on novice traders makes it easier to learn and grow.
· For Experienced Traders: Exness is ideal for scalpers, day traders, and high-frequency traders, thanks to its ultra-low spreads, unlimited leverage, and fast execution. The no-minimum-deposit Standard account and instant withdrawals add to its appeal.
· For Diversified Portfolios: FXTM’s broader range of instruments, including stock CFDs and futures, makes it suitable for traders looking to explore multiple markets.
· For Cost-Conscious Traders: Exness’s low-cost structure, with commission-free accounts and no withdrawal fees, is more cost-effective for frequent traders.
15. Conclusion
Exness vs FXTM are both reputable brokers with strong offerings, but they cater to slightly different audiences. Exness stands out for its low trading costs, unlimited leverage, and seamless withdrawal process, making it a top choice for professional traders and scalpers. FXTM excels in education, accessibility, and a diverse instrument portfolio, appealing to beginners and those seeking a well-rounded trading experience.
Before deciding, consider your trading style, budget, and priorities. Test both brokers with demo accounts to evaluate their platforms and conditions firsthand. Whichever you choose, ensure you understand the risks of forex and CFD trading and trade responsibly.
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