IC Markets
Exness vs FXTM
Exness vs FXTM: Exness offers raw-spread accounts, automated withdrawals and no inactivity fee; FXTM offers a $30 Micro account, a raw-spread Advantage account and leverage up to 1:5000. Compare regulation, deposits, spreads, leverage and fees.
WriterAbir KhanWriterWrites the guides · checks every figure against primary sources View profileAbout Abir →
Market analysisTanbir Habib RiyadForex & Crypto AnalystForex and crypto analyst · technical and fundamental analysis View profileAbout Tanbir →
Fact-checking & riskJannatul FerdaushFact-Checker & Risk AnalystFact-checks every figure · risk analysis · Applied Statistics, University of Dhaka View profileAbout Jannatul →
Trading reviewJowel RanaCo-Founder & Forex TraderCo-founder · forex trader · reviews guides from a trader's view View profileAbout Jowel →
Final approvalRanjan NiskrityFounder, Owner & Forex TraderFounder and owner · forex trader · signs off every guide View profileAbout Ranjan →
Exness is built around low costs, very high leverage and automated withdrawals, with no fees for inactive accounts. FXTM, the Exinity group’s brand, offers a $30 Micro cent account, a raw-spread Advantage account and leverage up to 1:5000 on its Rewards accounts. The better fit depends on where you live, how often you trade and which company would hold your account.
Quick Answer
| Best for | Winner | Why |
|---|---|---|
| Starting small | Exness | Set by the payment method on Standard against $30 on Micro |
| No inactivity fee | Exness | FXTM: $10 a month after 3 months without trading |
A “winner” here means the better published figure on that one line. It is not a recommendation: the right broker depends on where you live and how you trade.
Comparison Table
| Exness | FXTM | |
|---|---|---|
| Operating since | 2008 | Over ten years (FXTM’s own figure) |
| Company for international clients | Exness (SC) Ltd, licensed by the FSA in Seychelles (SD025), and other offshore companies | Exinity Limited, licensed by the FSC in Mauritius (Investment Dealer, C113012295) |
| Regulators in the group | 11 regulators; its FCA and CySEC companies don’t serve retail clients | FSC Mauritius, FSCA South Africa, CMA Kenya (plus a UAE CMA licence for promotion only) |
| Minimum deposit | Set by the payment method on Standard ($10 on its South African site); $200 on Professional accounts | $30 on Micro; $100 on Rewards Plus, $200 on Rewards, $500 on Advantage |
| Commission-free spreads | Standard from 0.2 pips (EUR/USD average 0.8) | Rewards from 0.9 pips; Rewards Plus from 1.5 pips; Micro from 1.7 pips |
| Raw-spread account | Raw Spread from 0.0 pips plus up to $3.50 per side | Advantage from 0.0 pips plus $3.50 per side on forex |
| Maximum leverage | Unlimited for eligible accounts, otherwise up to 1:2000 | 1:5000 on Rewards and Rewards Plus; 1:3000 on Advantage; 1:1000 on Micro (Kenya up to 1:400) |
| Platforms | MT4, MT5, Exness Terminal, Exness Trade app | MT4, MT5, FXTM app |
| Copy trading | Closed on 25 June 2026 | No copy trading service on its site |
| Inactivity fee | None | $10 a month after 3 months without trading |
| Withdrawal fee | None from Exness | Card $3, bank wire $30; Skrill, Neteller and crypto free |
| Swap-free | Swap-free status on listed instruments | Swap-free option on Rewards Plus, Rewards and Advantage |
| Bonus | None | Welcome bonus paid in Reward Points (up to $500) and FXTM Rewards loyalty points |
Figures come from each broker’s official site, checked on 11 October 2026. Spreads move through the day, and conditions vary by country and by the company that holds your account.
Regulation and Safety
Exness’s companies hold licences from 11 regulators, but its FCA and CySEC companies don’t serve retail clients. Individual traders are served by offshore companies such as Exness (SC) Ltd in Seychelles. Exness does not serve residents of the USA, Canada, the EU or the UK.
FXTM is the trading brand of the Exinity group. International clients deal with Exinity Limited, licensed by the FSC in Mauritius (C113012295), which also holds an FSCA licence in South Africa (FSP 50320); Kenyan clients deal with Exinity Capital East Africa, licensed by Kenya’s CMA. FXTM names no UK or EU company, and says it keeps client funds in segregated accounts at top-tier banks.
Neither broker holds a top-tier licence such as the FCA’s or ASIC’s for the clients it serves internationally, and neither offers a government-backed compensation scheme. Keep deposits proportionate and check which company your client agreement names.
Trading Costs
On commission-free accounts, Exness lists: Standard from 0.2 pips (EUR/USD average 0.8). FXTM lists: Rewards from 0.9 pips; Rewards Plus from 1.5 pips; Micro from 1.7 pips. “From” figures are minimums, so expect wider live spreads, especially around news.
Both offer a raw-spread account. Exness: Raw Spread from 0.0 pips plus up to $3.50 per side. FXTM: Advantage from 0.0 pips plus $3.50 per side on forex. For frequent traders, a raw account usually costs less per trade than a spread-only one.
Exness lists no inactivity fee. FXTM’s inactivity fee: $10 a month after 3 months without trading. Withdrawal fees: Exness: none from Exness; FXTM: Card $3, bank wire $30; Skrill, Neteller and crypto free.
Platforms and Copy Trading
Exness offers MT4, MT5, Exness Terminal and Exness Trade app. FXTM offers MT4, MT5 and FXTM app.
Exness has no copy trading service of its own (closed on 25 June 2026). FXTM has no copy trading service of its own (no copy trading service on its site). Copying another trader doesn’t remove risk: you can lose money as fast as trading yourself.
Leverage
Exness’s maximum leverage: unlimited for eligible accounts, otherwise up to 1:2000. FXTM’s: 1:5000 on Rewards and Rewards Plus; 1:3000 on Advantage; 1:1000 on Micro (Kenya up to 1:400).
A higher maximum is not an advantage in itself. Leverage multiplies losses as fast as gains, so beginners should use far less than either broker allows.
Which One Should You Choose?
Go with Exness if:
- You want raw-spread accounts and no inactivity fee
- Fast, automated withdrawals matter to you
- You are comfortable with offshore regulation
Go with FXTM if:
- You want to start small on a $30 Micro cent account
- You want a raw-spread account at $3.50 per side
- You want loyalty points on the volume you trade
Whichever you choose, test a small withdrawal early, verify your account before you need your money, and risk only what you can afford to lose.
FAQ
Which has the lower minimum deposit, Exness or FXTM? Exness. Exness: set by the payment method on Standard ($10 on its South African site); $200 on Professional accounts. FXTM: $30 on Micro; $100 on Rewards Plus, $200 on Rewards, $500 on Advantage.
How are Exness and FXTM regulated? Exness’s international clients deal with Exness (SC) Ltd, licensed by the FSA in Seychelles (SD025), and other offshore companies. FXTM’s deal with Exinity Limited, licensed by the FSC in Mauritius (Investment Dealer, C113012295). Group regulators: Exness: 11 regulators; its FCA and CySEC companies don’t serve retail clients; FXTM: FSC Mauritius, FSCA South Africa, CMA Kenya (plus a UAE CMA licence for promotion only).
Which is cheaper to trade with? It depends on the account. Commission-free: Exness: Standard from 0.2 pips (EUR/USD average 0.8); FXTM: Rewards from 0.9 pips; Rewards Plus from 1.5 pips; Micro from 1.7 pips. Raw accounts: Exness: Raw Spread from 0.0 pips plus up to $3.50 per side; FXTM: Advantage from 0.0 pips plus $3.50 per side on forex.
Does either charge an inactivity fee? Exness: none. FXTM: $10 a month after 3 months without trading.
Do both offer copy trading? Exness: closed on 25 June 2026. FXTM: no copy trading service on its site.
Why you can trust FX Recap
FX Recap is an independent Forex media platform. Every broker score comes from our published methodology, including live account testing, regulatory verification, and real trader feedback, so you can make smarter trading decisions.
Read our methodologyAdvertising Disclosure
We prioritize rigorous, unbiased broker testing through our published methodology. Forex and CFD trading carries significant risk of loss, so read our Risk Notice before you trade. While our ratings stay objective, we receive compensation that may influence list placement. Learn how we make money.
Current Offers & Promotions
Promotion
Exness Promotions & Bonuses 2026
Exness is a globally known and reliable broker that provides new traders with various opportunities to understand the platform and…
View Offer
