[Exness: for beginners] Exness VS XM which one is better? Forex company ranking and feature comparison

About exness

Traders from all over the world are registered with Exness, which is very popular for its unlimited leverage and narrow spreads. Is Exness inferior to the world’s largest forex brokers like XM? Or are you winning? I made a comparison.

Exness company profile

Founded in 2008, Exness is a world-famous Forex brand with a global presence. Multinational corporate group with official financial licenses in multiple countries, including European and international subsidiaries and affiliates. As of April 2022, it boasts a transaction size of over $2,105 trillion.

About XM

XM is a Forex company founded in 2009. Three group companies are currently operating, and they are highly rated by traders around the world. Therefore, it becomes a popular Forex company registered by traders around the world.

XM.com

XMglobal.com

XMtrading

FX company ranking 2023

What is the world ranking of XM and Exness? I looked at the ranking of TradersUnion, a famous FX review site. Exness is highly rated and ranks #2 in the world.

Source : List of Top Forex Brokers for 2023 – Forex Ranking – Traders Union

XM, on the other hand, was ninth. But you’ll find that it’s still very much appreciated.

Source : List of Top Forex Brokers for 2023 – Forex Ranking – Traders Union

Distribution of Exness registered users by mouth and region

You can see that the distribution of registered users of Exness is mainly in Thailand. Otherwise, we have a huge number of users from Southeast Asia to South Asia, and from the Middle East to Africa. Besides that, you can see that there are many users in South America and Japan.

Source : Exness Review 2023: Pros, Cons and Key Features (tradersunion.com)

XM is also quite similar in distribution to Exness. Therefore, it is easy to see that both companies are competing for customers in the same region.

Source : XM Review 2023 (Group of XM brokers): Pros and Cons (tradersunion.com)

Exness VS XM

ExnessXM
HeadquarterCyprusCyprus
Found20082009
Bonus×
LicenseFSA, CySEC, FCA, FSCA, FSC, CBCSIFSC, DFSA, CySEC, ASIC, FCA, BaFin, CNMV, MNB, CONSOB, ACPR, FIN-FSA, KNF, AFM, FI
SupportEmail
Phone
Live Chat
Email
Phone
Trade InstrumentsForex, metals, cryptocurrencies, energies, indices, stocksForex CFDs, Commodity CFDs, Equity Indices CFDs, Precious Metals CFDs, Energy CFDs, Stocks
Minimum Deposit$10$5
Demo Account
Margin Trading
MetaTrader 4
MetaTrader 5
cTrader××
TradingView××
Mobile Apps Trading
Auto Trading
Copy Trading×
Social Trading×
VPS Hosting
Leverage1000
Loss Cut0%20%
Margin Call60%50%

Maximum leverage

Exness has a leverage limit, but it is vastly superior to XM. If you want to trade with high leverage, Exness is definitely the better choice.

Spread

STP account spreads are more favorable for Exness. The difference is not that big, but you should be able to see that Exness has a narrower spread.

XM StandardExness Standard
USDJPY1.6pips1.1pips
EURJPY2.5pips1.9pips
GBPJPY3.6pips2.0pips
EURUSD1.6pips1.0pips
GBPUSD2.2pips1.2pips

Exness is clearly narrower and maintains zero spread. So spreads will be dominated by Exness overall.

XM ZeroExness Zero
USDJPY0.1pips0.0pips
EURJPY0.6pips0.0pips
GBPJPY1.1pips0.0pips
EURUSD0.1pips0.0pips
GBPUSD0.4pips0.0pips

Bonus

On the bonus side, XM has a clear advantage. It is very rich with account opening bonuses, deposit bonuses and even loyalty points. Exness does not have any bonus promotions. We do not offer bonuses because we keep our spreads and fees as low as possible.

Recommended by Exness

Overall, you should be able to see that Exness is more advantageous from a trader’s point of view. Therefore, Exness is recommended. It is possible to open an account for free. Please refer to the article below to get started.

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