Exness or XM: the figures side by side, not a ranking

The two most widely used brokers among Vietnamese traders, and two entirely different cost philosophies.
This article puts the figures side by side rather than ranking them.

The two profiles

Rebate by product

The line under each broker name is the account type that pays the most. The bold cell is the higher figure
in the row.

US dollars per round-turn lot. Source: the
rebate tables on each broker’s page at Backcom
VN.

XM pays more on everything — but read on

XM’s rebate is higher than Exness’s on all six products, in places three times as much. That does
not mean XM is cheaper.

Look at the starting spread: XM Standard from 1.6 pips, Exness Standard from 0.2. XM’s larger rebate comes
out of a larger underlying cost. It is the same mechanism behind every rebate comparison: partner commission
is taken from the markup inside the spread.

The EUR/USD calculation

Assume real spreads of 1.8 pips at XM Standard and 1.0 at Exness Standard:

• XM Standard: 1.8 × 10 = $18, less $8.10 rebate → $9.90 net
• Exness Standard: 1.0 × 10 = $10, less $3.20 rebate → $6.80 net

On that assumption Exness is cheaper, despite a much smaller rebate. But the spread figures are
assumptions — measure the real spread in the hours you trade and substitute it in.

How the money reaches you

• Exness — credited straight to the trading account and usable as margin immediately.
• XM — into My Wallet, from which you transfer to the trading account or withdraw.

Exness’s approach involves fewer steps; XM’s is easier to reconcile, because the rebate is kept separate
from profit and loss.

How to choose

• Very small capital, just starting — XM’s $5 minimum is lower.
• Focused on net cost, trading regularly — run the calculation above with spreads you
  measured; Exness usually has the advantage from its tighter starting spread.
• Wanting to track the rebate separately — XM’s wallet arrangement is more
  convenient.

And to repeat what is true of every
broker comparison: there is no
general answer. The cheapest broker for someone scalping 200 lots is not the cheapest broker for
someone swinging 5.

This article is for information only and is not investment advice. Conditions and fee levels are published by the brokers and can change at any time — check with the broker you actually use. Leveraged forex and CFD trading carries a high level of risk and can cost you your entire deposit.