XM Group vs Exness 2024

XM Group is not publicly-traded and does not operate a bank. XM Group is authorised by four Tier-1 regulators (highly trusted), one Tier-2 regulator (trusted), zero Tier-3 regulators (average risk), and one Tier-4 regulator (high risk). XM Group is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), the Financial Conduct Authority (FCA) via its parent company's other brand Trading.com, and regulated in the European Union via the MiFID passporting system.

Exness is not publicly traded and does not operate a bank. Exness is authorised by two Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and two Tier-4 regulator (High Risk). Exness is authorised by the following Tier-1 regulator: Financial Conduct Authority (FCA) and regulated in the European Union via the MiFID passporting system.

XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.

Exness is a MetaTrader-only broker regulated in the EU offering multiple account types and forex pairs, but its offering lacks the range of CFDs forex brokers typically offer.

To open a trading account with XM Group, you'll need to make an initial minimum deposit of $5.

Exness requires a minimum deposit of $10 before you can open an account and start trading.

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Both XM Group and Exness offer Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw). Neither have PayPal (Deposit/Withdraw).

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that XM Group offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that XM Group holds 4 global Tier-1 licenses, while Exness holds 2. Exness holds 3 global Tier-2 licenses, while XM Group holds 1.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that XM Group (88) earned a higher Trust Score than Exness (81).

To compare the trading platforms of both XM Group and Exness, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, XM Group offers a better experience. With research, XM Group offers superior market research. Finally, we found XM Group to provide better mobile trading apps.

Here’s what trading platforms are available at XM Group:

• Proprietary Platform - No
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - No

Here’s what trading platforms are available at Exness:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - No

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both XM Group and Exness offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. XM Group and Exness both offer copy trading.

Exness provides traders 96 currency pairs (e.g., EUR/USD) compared to XM Group's 55 available pairs. If you are interested in trading a full range of securities, XM Group offers traders access to 1394 tradeable symbols, while Exness offers access to 227 tradeable symbols; so XM Group offers 1167 more tradeable symbols than Exness.

We found in our testing that XM Group offers a more diverse selection of investment options than Exness, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Int'l Stock Trading (Non CFD), Cryptocurrency (Derivative) and Social Trading / Copy Trading. Neither have Cryptocurrency (Physical) and Spread Betting.