Exness trading app and XM trading app are both equally dynamic. But deeper research reveals lots of fine differences related to compatibility, trading costs, requotes, and more.

There has been an increase in trading app options in recent years. Popular international brokers such as Exness and XM even provide a mobile app experience that has nearly identical features to their desktop trading platforms.  

Even if more innovation and competition are wonderful for investors, choosing the platform that best aligns with your objectives can be challenging. As such, we have thoroughly investigated the Exness Trading App and the XM Trading App to identify the best platforms across a number of categories.

On balance, Exness Trading App is more recommended for instant withdrawal and MT5 users. On the other hand, XM Trading App is well-recognized for their no requote policy as well as compatibility for both MT4 and MT5 users. Let's get the details below.

Comparing Exness Vs XM Trading App

 

Exness Trading App

Rating:

  • Google PlayStore: 4.3 out of 5 from 88.8k reviewers
  • Apple AppStore: 4.5 out of 5 from 742 reviewers

Downloads:

  • Google PlayStore: 10M+
  • Apple AppStore: n/d

General features:

  • Minimum deposit: $10
  • Spreads: variable, starting at 0.3 for standard accounts or 0.0 for professional accounts.
  • Commission: no commission, except for the Raw Spread account (up to $3.50 per side per lot) and the Zero account (from $0.2 per side per lot).
  • Maximum leverage: unlimited
  • Availability: iOS 14.5 or later (Exness Trading App ver 4.60), Android 6.0 or later (Exness Trading App ver 3.20.2-real-release) 
  • Compatibility: All MT5 accounts
  • Chart types: Line, candle
  • Pending orders: Buy limit, buy stop, sell limit, sell stop, take profit, stop loss
  • Indicators: Trading Signals by Trading Central, Moving Averages, Bollinger Bands, Parabolic SAR, etc.
  • Time frames: M1, M5, M15, M30, H1, H4, D1.

Advantages:

  • Easy and fast account opening
  • Comparatively narrower spreads on all accounts
  • Fairly reliable signals from Trading Central
  • Possessing numerous regulatory licenses (Seychelles FSA, British Virgin Islands FSC)
  • Instant withdrawals with numerous payment gateways
  • Strong trading volume and client fund withdrawal statistics (reviewed and verified by Deloitte)
  • No inactivity fees

Disadvantages:

  • Lack of tutorials for beginners
  • Undisclosed retail loss rate
  • Few promotions and bonus offers
  • Requotes may be applicable for market orders under instant execution.
Website
Established
2008
Leverage
1:2000
Min Deposit
$10
Regulation
FSA (Seychelles), CBCS (Curacao), FSC (BVI), FSCA, CMA (Kenya), FCA, CySEC, ESMA
PAMM
Trading contests
LAMM
Segregated accounts
VPS
Free education
Islamic account
Copy trading
Compensation scheme
Negative balance protection
Low spread eur/usd
Affiliate program
Trading via API
WebMoney
Wire transfer
Skrill
Neteller

The choice of broker is adjusted to the needs of each trader. If you are a trader who only needs a basic platform and trading features with the best attributes, then Exness can be your best choice.

Exness covers its lack of feature variations with other advantages like low spreads starting from only 0.1 pip. This is very suitable for traders who use scalping strategies (Scalper). Spreads on major pairs in certain account types can also be as low as 0.0 pip, depending on market conditions.

Not only that, but traders can also enjoy other advantages such as automatic fund withdrawals. Exness processes the majority of client withdrawals instantly, without manual checks; however, withdrawals may be subject tos depending on the payment provider or method of choice.

The safety of traders' funds is also guaranteed as Exness is one of the European-based STP/ECN brokers. Exness's ability to become an official partner of the Real Madrid soccer team for 3 years, starting July 2017, also provides evidence that the company has high solidity.

Deposits and withdrawals may be made 24 hours a day, 7 days a week. However, it is important to note that the company shall not be liable fors in processing deposits and withdrawals if suchs are caused by the payment system.

Traders do not need to worry about transaction fees when depositing and withdrawing. Exness doesn't charge any transaction fees to traders even though some charges may be incurred depending on the payment provider of choice. A variety of payment methods are provided for traders, including Wire Transfer, Bank Card, Neteller, Skrill, and many others.

The financial reports and metrics on the Exness website are audited quarterly by Deloitte, one of the four largest public accounting firms globally.

Moreover, Exness is one of the mote transparent brokers in the online trading industry. Traders can find out all information about this company on the website, such as trading volume, number of active clients, client deposits, company funds, and many more.

The platforms provided by Exness vary in MetaTrader 4, MetaTrader 5, Web, and Mobile platforms. This makes it easy for traders when trading on Exness, as they can also access Exness platforms anywhere and anytime.

Over the years, Exness has developed into a broker that attracts traders. Trader's trust is further enhanced by its compliance with financial regulations like the FCA and CySEC.

One measure of client confidence can be put on the trading volume. By December 2018, their clients' monthly trading volume reached USD348.4 billion and active traders around the world surpassed 50,342.

Through the program offered by Exness, traders also have the opportunity to earn extra income by becoming their partners. From the Introducing Broker (IB) program, partners can earn up to 33% spread commission from every new client that registers with them.

Additional income can also be obtained from Exness Partners. Traders can get a spread commission of up to 25% per transaction made by traders who register through an affiliate link.

When trading with Exness, clients can also make use of its free VPS hosting services. A VPS (Virtual Private Server) offers increased reliability and stability for traders as they can maintain their trades and expert advisors without interruption in the event of unexpected technical issues, such as internet or electricity downtime.

From the review above, it can be concluded that Exness is a favorite broker for traders because of low spreads and flexible account types. This condition is very suitable for traders with limited funds but is in need of more opportunities to get maximum profit. This broker is also well known for its maximum support on both new and existing partners.

 

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XM Trading App

Rating:

  • Google PlayStore: 3.9 out of 5 from 17.7k reviewers
  • Apple AppStore: 3.0 out of 5 from 3 reviewers

Downloads:

  • Google PlayStore: 5M+
  • Apple AppStore: n/d

General features:

  • Minimum deposit: $5
  • Spreads: as low as 1 pip, except for the Ultra Low Account, which starts at 0.6 pip.
  • Commission: no commission
  • Maximum leverage: up to 1:1000
  • Availability: iOS 14.0 or later (XM Trading App ver 3.6.0), Android 7.0 or later (XM Trading App ver 3.6.1)
  • Compatibility: All MT4 and MT5 accounts
  • Chart types: advanced charts accompanied by trading hours indicator.
  • Pending orders: Buy limit, buy stop, sell limit, sell stop, take profit, stop loss
  • Indicators: over 90 trading indicators
  • Time frames: M1, M5, M15, M30, H1, H4, D1

Advantages:

  • Easy and fast account opening
  • Possessing numerous regulatory licenses (CySEC, ASIC, Belize FSC)
  • Superb educational resources for beginners and experienced traders.
  • Full disclosure of risks and retail loss rate (75.59% of retail accounts lose money)
  • Generous bonuses and rewards for high-frequency traders
  • Twice daily trading signals from forex guru Avramis Despotis
  • No requotes and no rejection policies are in effect since 2010.
  • Possessing numerous regulatory licenses

Disadvantages:

  • Comparatively higher spreads
  • No instant withdrawal (withdrawal requests are processed within 24 hours)
  • A $15 one-time maintenance fee will be charged after one year of inactivity, and there is a $5 monthly fee if the account is still inactive afterward.
Website
Established
2009
Leverage
1:1000
Min Deposit
$5
Regulation
FCA, CySEC, BaFin, CNMV, FSP (New Zealand), ASIC, CONSOB (Italy), Belize Financial Service Commission (FSC), ESMA
Bonuses
Personal manager
Segregated accounts
Free education
Trading by phone
Compensation scheme
Negative balance protection
VPS
Affiliate program
Copy trading
Webinar
WebMoney
Skrill
Wire transfer
Neteller
CashU
QIWI
FasaPay

XM Group is a group of regulated brokers and it is owned by Trading Point Holdings Ltd. Entities under XM Group have significant experience as financial services providers worldwide.

Trading Point of Financial Instruments Ltd was established in 2009 with headquarters in Limassol, Cyprus, Trading Point of Financial Instruments Pty Ltd was established in 2015 with headquarters in Sydney, Australia, XM Global Limited was established in 2017 with headquarters in Belize and Trading Point MENA Limited was established in 2019 with headquarters in Dubai.

XM Group is regulated by the CySEC (Cyprus Securities and Exchange Commission) - Trading Point of Financial Instruments Ltd, FSC (Financial Services Commission) – XM Global Limited, the ASIC (Australian Securities and Investments Commission) - Trading Point of Financial Instruments Pty Ltd and DFSA (Dubai Financial Services Authority) - Trading Point MENA Limited.

XM is one of the more experienced brokers in the world of online forex trading today. Since its founding, the broker has experienced a lot of changes, including the addition of the Ultra-Low Account and EN Live Edu that is instructed by 16 global experts.

In terms of trading instruments, XM is a well-known diverse class assets provider, varying from Forex, Crypto, Stock CFDs, Turbo Stocks, Commodities, Equity Indices, Precious Metals, Energies, & Shares. XM prides itself to be the ideal broker in trading execution, offering a stat of 99.35% orders to be executed in less than 1 second. Trading in XM would be also provided with a strict no requotes policy, no virtual dealer plug-in, no rejection of orders, real-time market execution, and the choice for traders to place orders online or by phone.

Spreads on all majors can reach as low as 0.6 pips in Ultra-Low Account, while spreads on other accounts usually start from 1 pip.

To protect the client's fund in the event of extreme volatility, XM presents each account type with Negative Balance Protection. Minimum deposit of $5 applies to Standard, Micro, and also Ultra-Low Accounts. Traders who open accounts in XM are enabled a condition similar to a Cent Account environment in the Micro Account, in which the Contract Size for every lot is only 1,000 units. If it is applied with the smallest lot size in the MetaTrader platform which amounts to 0.01, it means that traders can go as small as 10 units per trade.

For the deposit, XM applies zero-fee deposits in most of its available payment methods. Traders can choose to fund or withdraw their accounts via wire transfer, credit card, as well as the most favorable e-payment choices like Skrill, Neteller, and FasaPay.

To give their clients the best experiment in trading, XM has given access to both MT4 and MT5 platforms, each is available for more than 6 display formats (PC, Mac, Multiterminal, WebTrader, iPad, iPhone, Android, and Android Tablet).

All in all, there is no doubt that XM has gone global with its deep commitment to providing services in more than 30 different languages across the world. Aside from easing traders' experience with mainstream trading platforms and high-quality trading execution, XM is open to various types of traders, from small capital traders to the more experienced ones with big deposits at the ready. Traders are even provided with a Cent Trading environment should they choose to register under Micro Account.

For their global approach, XM has ensured that traders from various countries could access their service easily. This results in the provision of different domains specified for traders in certain jurisdictions. For example, traders from Indonesia could access XM via this link.

 

Conclusion

A rising number of people are choosing to manage their money primarily through tablets or smartphones, which has triggered the rise of investment apps. Exness and XM have welcomed this paradigm shift by putting an emphasis on enhancing the user experience of their mobile apps. Their desktop platforms and mobile apps give investors a more unified experience in terms of notifications, watchlists, and updates. They also make it simpler to manage your money and keep an eye on your financial objectives.

If you are wondering what is the answer to Exness vs XM, it's important to note that both brokers uphold a safe, reliable, and dynamic trading environment with a neat regulatory history—through desktop platforms and trading apps alike. However, some people may prefer one over the other.

An avid fan of MT4 would do better with the XM trading app, because the other option, Exness trading app, only synchronizes with MT5 accounts. On the other hand, Exness will be the better option if you seek to instantly withdraw your funds every now and then.

There is also another important item you should consider: the inactivity fee. Someone who has an account with XM should actively trade, be it via the XM trading app or desktop platform. Otherwise, inactivity fees may eat up the rest of your balance. Exness clients may ignore it since they do not apply such fees.

Lastly, how do they compare in terms of trading execution and speeds? Exness and XM servers are located in prime data centers with extremely few downtimes and relatively speedy responses. However, both have different policies on the subject of requotes. If this is a make-or-break issue for you, then the XM trading app may be more suitable.