Exness vs XM
Two brokers, one table. Everything below is taken from what each one publishes on its own site, last read on 2026-09-05. No scores, no ranking.
Which one we would pick, and why
Both are aimed at traders opening a first account, and both are easy to get into, but they solve different problems once you are in.
XM's pitch is the $5 minimum on Standard and Ultra Low, which is about as low as the industry goes, and no commission on either. Exness does not state a minimum on its Standard and Cent accounts at all, and adds something XM does not have: a Cent account, where positions are sized in hundredths of a lot. For learning with real money rather than demo money, that is the more useful feature of the two, because it lets you take a real trade small enough that the loss does not matter.
Above beginner level Exness has more to move up to. Pro prices from 0.1 pips with everything in the spread, Raw Spread from 0.0 with a fixed $3.50 per lot per side, and Zero holds a zero spread on the top instruments for most of the day. XM's step up is Ultra Low, which stays commission-free with lower spreads.
Both run offshore entities on their international sites, Seychelles, BVI and Vanuatu for Exness and Belize for XM. Neither carries EU or UK investor protection there. That is the same trade in both cases: the high leverage exists because the licence allows it.
Standard and Cent accounts with no minimum, plus Pro, Raw Spread and Zero for lower spreads.
Standard and Ultra Low accounts from a $5 deposit, with a separate Shares account.
| Detail | Exness | XM |
|---|---|---|
| Regulation | Exness (SC) Ltd, FSA Seychelles SD025 · Exness (VG) Ltd, FSC BVI SIBA/L/20/1133 · Vanvest Limited, FSC Vanuatu 700276 | XM Global Limited, FSC Belize licence 8557558 (Securities Industry Act 2021) |
| Minimum Deposit | Standard: none stated · Pro, Raw Spread, Zero: from $200 | $5 (Standard, Ultra Low) · $10,000 (Shares) |
| Spread From | Pro from 0.1 pips · Raw Spread from 0.0 pips | — |
| Commission | Standard, Cent, Pro: none · Raw Spread: $3.50 per lot per side · Zero: commission-based | — |
| Platforms | MetaTrader 4, MetaTrader 5, Exness Terminal | MetaTrader 4, MetaTrader 5, XM App |
| Account Types | Standard Cent, Standard, Pro, Raw Spread, Zero | Standard, Ultra Low, Shares |
What the figures say
- Minimum Deposit: Exness lists Standard: none stated · Pro, Raw Spread, Zero: from $200; XM lists $5 (Standard, Ultra Low) · $10,000 (Shares).
- Exness publishes its spread from (Pro from 0.1 pips · Raw Spread from 0.0 pips); XM does not state one on the pages we read.
- Exness publishes its commission (Standard, Cent, Pro: none · Raw Spread: $3.50 per lot per side · Zero: commission-based); XM does not state one on the pages we read.
- Platforms: Exness lists MetaTrader 4, MetaTrader 5, Exness Terminal; XM lists MetaTrader 4, MetaTrader 5, XM App.
- Account Types: Exness lists Standard Cent, Standard, Pro, Raw Spread, Zero; XM lists Standard, Ultra Low, Shares.
- Exness also lists Metals, Energies, Crypto.
- XM also lists Commodities.
A figure marked “—” is one that broker does not publish on the pages we could read; it is not a zero. Terms differ by country and change often, so confirm on each site before opening an account.
Exness: why traders choose it
- Standard and Standard Cent accounts open with no stated minimum and charge no commission
- Pro account: spreads from 0.1 pips with every cost inside the spread, from $200
- Raw Spread account: spreads from 0.0 pips with a fixed $3.50 per lot per side
- Zero account: zero spread on the top 30 instruments for 95% of the day, commission-based
- Three regulated entities named with licence numbers in the site footer
XM: why traders choose it
- Standard and Ultra Low accounts open from $5
- Ultra Low is the account XM points high-volume traders to, for lower spreads and swaps
- A separate Shares account for buying stock, from $10,000
- Bonuses on the Standard account, described by XM as boosting trading power
- Copy trading, trading competitions and a loyalty club run alongside the accounts
Exness pros
- A cent account for learning with tiny position sizes, on the same infrastructure as the pro accounts
- Raw Spread commission is a fixed figure, so costs are easy to model
- Market execution with no requotes on the Standard accounts, per their help centre
Exness cons
- The minimum for Pro, Raw Spread and Zero ranges from $200 to $3,000 depending on region
- The public accounts page asked us to sign in before showing conditions; the figures here come from their help centre
- Which entity serves you decides your leverage cap and protection; the offshore entities carry the higher leverage
XM pros
- One of the lowest entry points anywhere at $5
- The Ultra Low account gives a cheaper option without a commission model to learn
- MetaTrader 4 and 5 plus their own app, so nothing unfamiliar
XM cons
- The global site is the Belize entity; XM's European and Australian entities have different leverage caps and protections
- Spreads and leverage figures were not on the accounts page we read; they are in the account details after sign-up
- Bonuses come with their own terms, which are worth reading before taking one
About Exness
Exness runs five account types. Standard and Standard Cent are commission-free and open with no stated minimum; Pro, Raw Spread and Zero are the professional tier with tighter pricing from a $200 minimum. The group is licensed in Seychelles, the British Virgin Islands and Vanuatu for its international clients.
About XM
XM offers three accounts on its global site: Standard and Ultra Low, both from a $5 minimum, and a Shares account from $10,000. The global entity, XM Global Limited, is licensed by the Financial Services Commission of Belize.
Exness vs XM: common questions
- What do Exness and XM ask for a first deposit?
- Exness states a minimum deposit of Standard: none stated · Pro, Raw Spread, Zero: from $200. XM states $5 (Standard, Ultra Low) · $10,000 (Shares). Both figures are the ones each broker publishes on its own account page, and the entity that serves your country can change them.
- Are Exness and XM regulated?
- Exness lists Exness (SC) Ltd, FSA Seychelles SD025 · Exness (VG) Ltd, FSC BVI SIBA/L/20/1133 · Vanvest Limited, FSC Vanuatu 700276. XM lists XM Global Limited, FSC Belize licence 8557558 (Securities Industry Act 2021). Both name a licence, but a licence is not a guarantee, and protections differ a great deal between regulators.
- Can I use the same platform on Exness and XM?
- Exness supports MetaTrader 4, MetaTrader 5, Exness Terminal. XM supports MetaTrader 4, MetaTrader 5, XM App. If you already trade on one of these, that usually settles the choice faster than any cost figure.
More comparisons
How this page is put together. Both columns use the same fields as the individual reviews, read from each broker's own site. Some links are affiliate links, which may earn Cubie FX a commission at no extra cost to you. Placement is not for sale and nothing here is ranked.