FP Markets vs Exness vs XM

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Our Expert Rating

Comparison

Brokers under review

Recommended



Our Rating


Regulation – Tier 1 Licences
Trading Platforms

MT4, MT5, WebTrader, Iress
MT4, MT5, Exness WebTerminal
MT4, MT5
Trading Spreads/Fees9.5/107.0/108.0/10
Financial Instruments Offered

9.5/108.0/108.5/10
Range of marketsForex, Metals and CFDs .
-Iress offers 1000s
more stock CFDs than MT4
Forex and CFDs
Forex and CFDs
Market Research and Education9.0/108.5/108.5/10
Customer Service9.0/107.0/108.0/10
Execution Speed9.5/106.0/107.5/10

Detailed Review

FP Markets

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Exness

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XM

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The website is constructed in a simple, easy-to-use fashion, while offering users a clean well-designed feel to its interface.

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Trading Platforms – Account Types

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FP Markets

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For their Standard and Raw Accounts, the minimum deposit is 100 AUD or equivalent. Iress Standard minimum deposit is 1,000 AUD, Iress Platinum is 25,000 AUD and Iress Platinum is 50,000 AUD.

Exness

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WebTerminal, according to Exness, is an HTML5 web app developed by the creator of MT4, making it a reliable, fast, and user-friendly web platform. All information and data are securely encrypted when transmitted. It features all the basic functions needed to trade effectively, and works on all browsers and operating systems.

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This broker offers unlimited demo accounts across its platforms, except for the Standard Cent account. For Standard Accounts, the minimum deposit is 1 USD. For Professional Accounts, the minimum deposit is 500 USD.

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XM

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Unlimited demo accounts are available with this broker, just not for the Micro demo platform. The Micro Account requires a $5 minimum deposit, so does the Standard Account. The XM Ultra Low Account has a minimum deposit of $50 and the Shares Account’s minimum deposit is $10,000.

Trading Platforms + Tools

Feature

Recommended



Our Rating


MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
IRESS

Trading Fees and Spreads

FP Markets

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Exness

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As you can see from the spread table below, average spreads, which form part of the overall commission structure, are competitive on their Raw Spread Account, with EUR/USD and USD/JPY coming in as low as 0 pips and AUD/USD at 0.3 pips.

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XM

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Brokerage

Feature

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Our Rating


EUR/USD Avg. Raw Spread
0.00.09
0.17
GBP/USD Avg. Raw Spread
0.30.49
0.92
AUD/USD Avg. Raw Spread
0.10.30
0.71
XAU/USD Standard Spread
0.071.19
2.07
Commissions (USD Base)
USD $3.0
USD $3.00
USD $3.5
Commission Rebates

Execution Speed

FP MARKETS

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EXNESS

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XM

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Regulations and licences

FP MARKETS

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EXNESS

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XM

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Regulations and Licenses

Feature

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Our Rating


ASIC (Australia)
CYSEC
OFFSHORE

Customer service

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Market Research – Educational Content

FP Markets

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Exness

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XM

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We were unable to conduct full research unfortunately as to continue reading analysis and articles, you have to log in to your member’s area – essentially you have to have a live account with them. This was confirmed via their support team.

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Our Notes:

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Markets and Instruments

Feature

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Our Rating


Total Tradable Instruments10,000+300+500+
Currency Pairs
Index CFDs
Commodities CFD
Stock CFD
Retail Max. Leverage
500:1
2000:1
888:1

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