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.
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.
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.
XM, on the other hand, was ninth. But you’ll find that it’s still very much appreciated.
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.
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.
Exness VS XM
|License||FSA, CySEC, FCA, FSCA, FSC, CBCS||IFSC, DFSA, CySEC, ASIC, FCA, BaFin, CNMV, MNB, CONSOB, ACPR, FIN-FSA, KNF, AFM, FI|
|Trade Instruments||Forex, metals, cryptocurrencies, energies, indices, stocks||Forex CFDs, Commodity CFDs, Equity Indices CFDs, Precious Metals CFDs, Energy CFDs, Stocks|
|Mobile Apps Trading||〇||〇|
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.
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 Standard||Exness Standard|
Exness is clearly narrower and maintains zero spread. So spreads will be dominated by Exness overall.
|XM Zero||Exness Zero|
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.