Score by factor
| Factor | Exness | XM |
|---|---|---|
| Regulation & safety (30%) | 10.0 ✓ | 7.3 |
| Trading costs (20%) | 9.6 ✓ | 6.0 |
| Funding in Africa (20%) | 10.0 ✓ | 8.0 |
| Platforms & tools (15%) | 7.0 | 7.0 |
| Support & education (15%) | 6.0 | 6.5 ✓ |
Side by side
| Exness | XM | |
|---|---|---|
| FX Radar score | 8.9/10 | 7.0/10 |
| African licences | South Africa (FSCA), Kenya (CMA) | South Africa (FSCA, intermediary) |
| Min deposit | $10 Standard · $200 Pro/Raw/Zero | $5 |
| African-currency accounts | ZAR, KES, NGN | ZAR |
| M-Pesa | Yes | No |
| EUR/USD spread | ~0.7 pips EUR/USD on Standard · from 0.0 on Raw/Zero | From 1.6 pips on Standard · from 0.8 on Ultra Low |
| Commission | None on Standard · per lot on Raw & Zero | None on Micro, Standard, Ultra Low |
| Max leverage | Up to 1:2000 (1:400 under CMA) | Up to 1:1000 |
| Withdrawals | Mostly automated; e-wallets and M-Pesa often within seconds | E-wallets within 24h · cards & bank 2–5 days |
| Platforms | MT4, MT5, Exness Terminal, Exness Trade app | MT4, MT5, XM App |
| Support | 24/7 live chat, email, phone · 15+ languages | 24/5 · live chat, email, phone · 20+ languages |
| Founded | 2008 | 2009 |
Which should you choose?
Choose Exness if you want…
- Local licences in Kenya and South Africa
- Automated, fast withdrawals incl. M-Pesa
- Low $10 entry and tight Standard spreads
- Five account types for every style
Choose XM if you want…
- $5 minimum
- ZAR accounts and instant EFT
- No commission on main accounts
- Lots of free webinars
Scores and facts come from the same data as our broker reviews and update when brokers change their terms. Last checked 6 Oct 2026.