In the investment world, when mentioning Exness and XM, there is probably no trader who does not know these two exchanges. Both are at the top of the best trading platforms on the market. Therefore, many people do not know which exchange to choose to join. So this article, Learn Forex Trading will give you a clearer view of Exness vs XM. At the same time, know which exchange is more suitable for you to choose.
Overview of Exness and XM exchanges
Before going into Exness vs XM, we need to find out what Exness is and what is XM. We will outline the year of establishment, headquarters address, and some other information. Below, we will give the concept and overview of these two exchanges. Let’s find out.
Exness trading platform
Exness is a Forex trading platform established in 2008. Exness is headquartered at 9A CT House, 2nd exchange, Providence, Mahe, Seychelles. This trading exchange is cooperated by a group of experts in the fields of finance and information technology. Currently, more than 10,000 customers are using Exness with more than 100 different financial instruments, including more than 1,000 available tools.
Since its establishment, Exness is considered a Forex trading exchange with the longest and most successful operating history worldwide. Moreover, this is also an extremely reputable trading exchange because it is trusted by many people. Directly managed by major agencies in the world.
XM trading platform
What is XM exchange? Is it reputable? XM is also at the top of famous Forex exchanges. XM was founded in 2009, headquartered at 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd exchange, 3042 Limassol, Cyprus. After more than 14 years of operation, XM trading exchange has now become a leading financial investment company in the market.
Currently, XM exchange is providing more than 1000 different products. These include: trading Forex, stocks, CFDs, cryptocurrencies, metals… with over 10 million customers from countries around the world. More than 2.4 billion trading orders have been executed without any requotes or order rejections.
It doesn’t just stop at providing a variety of products. XM also brings many benefits to investors when participating such as low spreads, high leverage, no commission fees, quick deposits and withdrawals, and many attractive promotions. However, there is some information that the XM scam is completely unfounded and untrue.
See more: Instructions for registering an XM account correctly
Exness vs XM in every aspect
Both Exness and XM have over 10 years of operation. When it comes to pros and cons, every exchange has them. If you ask which exchange is better, it is very difficult to confirm. Because every exchange has its strengths and directions. Besides, each exchange brings certain benefits and disadvantages to players. But Exness vs XM is really necessary for traders to have a basis to choose the most suitable exchange for themselves.
Here are some criteria that we summarize and compare between the two exchanges for investors to refer to:
Exness vs XM in terms of reputation
Speaking of reputation, the Exness trading exchange is one of the most reputable exchanges in the world. Every year the exchange’s financial reports are huge, and the number of customers and the amount of money in Exness’s account through the newspapers are also huge. Therefore, when choosing to trade at Exness, investors can rest assured.
As for the XM exchange, we can see that this exchange is extremely famous. UK traders use it a lot. However, the XM exchange has a minus point: there is no clear data. This is something that many investors do not like about this exchange.
Spreads of Exness and XM
If Exness’s spread in the market is number 2, surely no other exchange would dare to be number 1. The spread of this exchange is always in the top 1, always surpassing other exchanges.
Exness’s spread is only about 1 pip for the EUR/USD pair. But for the XM trading platform, it is up to 1.7 pips. So, if any investor wants a low spread, they should choose Exness.
Leverage of Exness and XM accounts
What is the leverage on the XM exchange and compared to Exness, which exchange is higher? Regarding leverage, Exness always has higher leverage than all other exchanges. The leverage level of Exness is unlimited, while for XM the highest level is 1:1,000. But using this leverage on the Exness exchange is extremely difficult. According to Exness’s requirements, not everyone can use this leverage level.
Withdrawal speed of 2 exchanges
Exness has a very fast withdrawal speed, usually after making a withdrawal, you will immediately receive the money. Let’s see Exness vs XM to see which exchange has the faster withdrawal speed, then Exness will probably have the upper hand. Because Exness only takes a few seconds to receive money.
As for XM, although the withdrawal speed is also quite fast, it is not a few seconds like Exness. XM money will be withdrawn during the day because the exchange’s staff needs more time to process the money you withdraw. If you want to withdraw money as quickly as possible, you should choose Exness.
Exness vs XM about products
For the Exness trading platform, the products provided mainly focus on forex services. XM exchange offers more diverse products such as Forex Trading, Commodities CDFs, Stocks CFDs, Precious Metals CDFs, and Energies CDFs…
In terms of products, XM probably has the advantage because it has more diverse trading products than Exness.
MetaTrader and the forex pairs of the two exchanges
For MetaTrader, both Exness and XM provide MT4 and MT5. With foreign exchange pairs, Exness offers more than 100 tradeable pairs. Meanwhile, XM only offers 55 pairs. However, the XM exchange offers more financial instruments for trading than the Exness exchange, which is 1,372 instruments compared to the Exness exchange’s 278.
See more: Registering XM broker account on the phone
Exness vs XM on spreads
Exness offers spreads as low as 0.0 pips, on some instruments such as EUR/USD. Exness has low minimum deposit requirements, starting from just $5. As for XM, it offers quite competitive spreads.
Neither Exness nor XM charges fees for deposits or commissions. However, while Exness does not charge currency conversion fees, XM does charge such fees on accounts.
Bonus of XM and Exness
What is the XM exchange bonus? Compared to Exness, which exchange has better service? As for promotional programs, Exness usually has fewer promotional programs. During the year there are only about 1 to 2 bonus programs. As for XM, there are always bonus programs that last throughout the year.
XM currently has two promotions: Welcome bonus and Forex Bonus. Investors who want to receive bonuses should choose XM. Opportunity to receive $30 for traders when registering an account for the first time. And receive $50 when traders deposit money.
Epilogue
Through the Learn Forex Trading Exness vs XM article, have you seen the advantages and disadvantages of these two exchanges? Both of these exchanges are reputable “tycoons” in the Forex market. For comparison, Exness has some advantages over XM. But XM also has its good things. The most important thing is that if you feel which exchange is more suitable, then invest in that exchange..\
