Product Info |
Comprehensive Review of XM Broker |
AvaTrade Review |
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Description | - | - |
Awards |
Best Global Forex Customer Service 2019 – This award from the Global Brands Magazine highlights Exness’ dedication to offering top-tier customer service. Most Transparent Forex Broker 2019 – Exness was recognized for its commitment to transparency, particularly in pricing, trade execution, and reporting. Best Global Forex Broker 2020 – From the Global Forex Awards, this award showcases Exness’ reputation as a leading broker in the international market. Best Trading Platform 2021 – Exness has been recognized for offering one of the best trading platforms, highlighting the ease of use and functionality of its trading software.
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Demo Account | Yes, with $100,000USD | Yes |
Max Payout | Not fixed | - |
Out-of-Money Reward | - | - |
Deposit Options | - | CFD, Forex, Crypto, Stocks, Options Credit Card, Debit Card, FasaPay, JCB Card, Mastercard, MoneyGram, Neteller, Perfect Money, Skrill, Swift, WebMoney, Western Union, Wire Transfer |
Mimimum deposit | $30 | $100 |
Customer Support Types | Phone, live chat, email, web form | - |
Bonus Type | - | Welcome bonus 20% up to 10.000$ |
Bonus Size | 100% | 20% |
Deposit Currencies | USD, EUR, GBP, CHF, AUD, JPY, HUF and PLN | USD, EUR, GBP, AUD, CAD |
Regulation |
Cyprus Securities and Exchange Commission (CySEC) – Exness operates under the license number 178/12 in Cyprus, which adheres to the stringent regulations of the European Union, providing security and transparency for traders. Financial Conduct Authority (FCA) – In the UK, Exness is regulated by the FCA, under license number 730729, further demonstrating their commitment to protecting clients and offering a secure trading environment. Seychelles Financial Services Authority (FSA) – Exness holds a license from the FSA of Seychelles, which allows it to offer international trading services under more flexible conditions than its European licenses. South African Financial Sector Conduct Authority (FSCA) – Exness is also regulated by the FSCA in South Africa, under license number 51024, broadening its market reach and enhancing its global credibility. |
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Trading Platform | MetaTrader 4, MetaTrader 5, Proprietary web platform | MetaTrader 4 platform, MetaTrader 5 platform, Meta Trader for Mac, Meta Trader for mobile trading (Download the Avatrade app directly here), Meta Trader for web trading, The AvaTradeAct platform (Proprietary Platform) |
Maximum Trade | 100,000 units | - |
Minimum Trade | 0.1 pips | $.01 |
Trading Instruments |
Micro Accounts: Micro accounts can use USD, EUR, GBP, CHF, AUD, JPY, HUF and PLN as the base currency and can get started with a minimum deposit of $5USD. 1 micro lot is 1,000 units of the base currency. Ultra Low Accounts: XM Ultra Low Accounts, can use EUR, USD, GBP, AUD, ZAR, SGD as the base currency and traders will require a minimum deposit of $5 USD. 1 Standard Ultra lot is 100,000 units of the chosen base currency, whereas, 1 Micro Ultra lot is 1,000 units of the base currency. XM Ultra Low Accounts are not applicable to all entities of the group. Standard: Standard accounts can use USD, EUR, GBP, CHF, AUD, JPY, HUF and PLN as the base currency and traders can get started with just $5USD. 1 standard lot is 100,000 units of the chosen base currency. Zero Accounts: Zero accounts can use USD, JPY and EUR as the base currency and traders will require a minimum deposit of $5USD. Like the Standard account, 1 standard lot is 100,000 units of the chosen base currency. Zero accounts are not applicable to all the entities of the XM Group. |
CFD, Forex, Crypto, Stocks, Options
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Online Since | 2009 | 2006 |
Binary Option Types | - | - |
Tools Offered | - | - |
Languages | English, Malay, 简体中文, 繁体中文, Ελληνικά, Magyar, Русский, Indonesia, Français, Italiano, Svenska, Deutsch, Polski, العربية, Español, 한국어, Português, Tiếng Việt, ภาษาไทย, Filipino, Dutch, Česky, বাংলা, اردو, Türkçe | Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar |
Commission | - | - |