Exness vs XM: which broker is better in 2026?
We compare Exness and XM — two forex & CFD brokers — side by side across regulation, fees, platforms, minimum deposit, and our editorial scores. Based on our overall editorial score, Exness edges ahead (3.8/5), but the right choice depends on what matters most to you — check the breakdown below.
Side-by-side comparison
CriteriaExnessXM
Overall score 3.8 3.6
Regulation & safety 3.0 3.0
Fees & deposit 4.0 3.5
Platform & assets 4.0 4.0
User support 4.0 4.0
Trust score71/10069/100
Minimum depositVaries by account type — check the official siteVaries by account type — check the official site
Demo accountAvailableAvailable
PlatformsMetaTrader 4, MetaTrader 5, Exness Terminal / appMetaTrader 4, MetaTrader 5, XM app
Fee modelLow spread / raw + commission (Zero/Raw account); figures varyStandard / ultra-low spread; figures vary
Pros & cons
- Fast execution, low spreads, fast withdrawals — popular in Asia/Africa/Middle East
- Very large volume & liquidity
- Holds CySEC & FCA licenses for certain entities
- Most retail clients via offshore entities (Seychelles/Curaçao) — weaker protection
- Very high leverage (up to unlimited at offshore entities) amplifies risk
- Leveraged products are high-risk
- Very large client base, strong multilingual education & support
- MT4/MT5 + many instruments
- CySEC license for the EU entity
- Many retail clients via the offshore entity (Belize) — weaker protection
- Standard spread is not the cheapest
- Leverage is high-risk
Regulation at a glance
Exness
Regulated by CySEC (Cyprus), FCA (UK — limited entity), FSCA (South Africa), FSA (Seychelles), CBCS (Curaçao). Most retail volume is served by offshore entities (Seychelles/Curaçao).
XM
Trading Point group — regulated by CySEC (Cyprus), ASIC (historically), DFSA (Dubai), FSC (Belize), FSCA (South Africa). Many retail clients via the offshore entity (Belize).