Broker Overview
Exness
Exness is a powerhouse in the retail forex industry, known for having the largest monthly trading volume globally. It is famous for its proprietary Unlimited Leverage, instant withdrawals, and algorithmic stability, making it the top choice for both scalpers and high-volume algorithmic traders.
FXTM (ForexTime)
FXTM is a global broker that places a heavy emphasis on education and localized support. It is particularly renowned for its beginner-friendly ecosystem and FXTM Invest, a leading copy-trading module. It bridges the gap between novice learning and professional ECN trading.
Regulation Comparison
Exness Regulation
- FSA (Seychelles) - Main for MY
- CySEC (Cyprus)
- FCA (UK)
- FSCA (South Africa)
- CBC (Curacao)
- FSC (BVI)
FXTM Regulation
- FSC (Mauritius) - Main for MY
- CySEC (Cyprus)
- FCA (UK)
- CMA (Kenya)
Note: Malaysian traders are onboarded via offshore entities to access higher leverage and local banking facilities. For Exness, this is primarily Nymstar Limited (Seychelles), and for FXTM, it is Exinity Limited (Mauritius).
Account Types Comparison
Exness Account Types
- Standard & Standard Cent
- Raw Spread (Commission based)
- Zero Account (Top up spread 0.0)
- Pro Account (Instant Execution)
Min Deposit: $10 (Standard) / $200 (Pro/Raw)
FXTM Account Types
- Advantage Account (ECN)
- Advantage Plus Account
- Advantage Stocks
- Swap-Free (Islamic) Available
Min Deposit: $200
Verdict: Exness is the clear winner for accessibility. It offers a Standard Cent account with a $10 deposit, making it perfect for testing strategies. FXTM has moved upmarket; with the removal of the Micro account, the entry barrier is significantly higher ($200+), targeting only serious traders.
Spreads & Execution
Exness
- EUR/USD: From 0.0 pips (Raw/Zero)
- Execution: Market & Instant (Pro Account)
- Commissions: $3.50 per side ($7/lot) on Raw; From $0.20 on Zero
- Leverage: Unlimited (1:Unlimited) based on equity
FXTM
- EUR/USD: From 0.0 pips (Advantage)
- Execution: ECN / Market Execution
- Commissions: From $3.5 per lot (Advantage)
- Leverage: Up to 1:3000 (Floating leverage)
Winner: Exness wins on leverage flexibility with its unique "Unlimited Leverage" feature. However, FXTM's Advantage Account offers a highly competitive floating commission structure that can be cheaper than Exness's fixed $7/lot for high-volume traders on certain pairs.
Trading Platforms
Exness Platforms
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- Exness Terminal (Custom Web)
- Exness Trade App
FXTM Platforms
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- FXTM Trader App
- FXTM Invest (Copy Trading)
User Experience: Exness offers a superior proprietary web terminal and mobile app that is incredibly fast and user-friendly. FXTM, however, stands out with FXTM Invest, a dedicated and integrated copy-trading platform that is easier to navigate than generic MT4/MT5 signals.
Deposits & Withdrawals
Exness
- Methods: FPX Online Banking, Touch 'n Go eWallet, GrabPay, USDT (TRC20/ERC20), Bank Card.
- Processing: Instant Withdrawals (Automated 24/7).
- Fees: Zero fees.
- Local Support: Industry leader in speed. Funds often reach Malaysian bank accounts within seconds, even on weekends.
FXTM
- Methods: Malaysian Local Bank Transfer, Skrill, Neteller, Cards, Crypto.
- Processing: Usually within 24 hours; Local transfers often 1-2 hours.
- Fees: Deposit fees covered; Some withdrawals may incur small fees depending on method.
- Local Support: Reliable local bank transfers supporting Maybank, CIMB, Public Bank, and RHB.
Winner: Exness is the undisputed king of transactions. Their Instant Withdrawal system is automated, meaning you don't wait for human approval. Malaysian traders using Touch 'n Go or Online Banking typically see funds instantly.
Customer Support & Education
Exness Support
Support is fast, technical, and available 24/7 in English and Chinese/Malay during business hours. Focus is on resolving technical trade queries.
- • 24/7 Live Chat
- • Help Center with instant answers
- • Strong technical troubleshooting
FXTM Support
Exceptional educational focus. FXTM frequently hosts offline seminars in Kuala Lumpur and Penang. Their market analysis is beginner-friendly.
- • Local Seminars & Workshops
- • Detailed E-books & Video courses
- • Personal Account Managers
Detailed Pros & Cons
Exness
Pros
- Instant Withdrawals (24/7)
- Unlimited Leverage
- Swap-Free on Gold/Indices (Extended)
- Transparent Tick History
- Standard Cent account for testing
Cons
- Spreads can widen during news
- No Welcome Bonus promotions
- Strict leverage rules near breaks
FXTM
Pros
- Superior Educational Resources
- Low floating commissions (Advantage)
- Great Copy Trading (FXTM Invest)
- Local Malaysian seminars
Cons
- High Min Deposit for ECN ($200)
- Inactivity fees apply
- Withdrawals slower than Exness
Trading Costs Breakdown
| Currency Pair | Exness Standard | Exness Raw Spread | FXTM Advantage Plus | FXTM Advantage |
|---|---|---|---|---|
| EUR/USD | 1.0 pips | 0.0 pips + $7.00 | 1.5 pips | 0.0 pips + ~$4.80* |
| GBP/USD | 1.2 pips | 0.0 pips + $7.00 | 1.9 pips | 0.0 pips + ~$5.20* |
| XAU/USD (Gold) | 20 pips | 0 pips + Fixed Comm | 35 pips | 0 pips + Floating Comm |
Note: *FXTM Advantage commissions are floating based on volume and equity, ranging from $0.40 to $2.00 per $100k notional. For many traders, this results in lower commission costs than Exness's fixed rate, but Exness offers more stability in cost calculation.
Final Verdict & Recommendations
For High Leverage
Exness - Unlimited leverage and zero margin call protection.
For Copy Trading
FXTM - The "FXTM Invest" program is superior for investors.
For Payment Speed
Exness - Unbeatable instant withdrawals to Malaysian banks.
For Beginners
Exness - The only choice due to Standard Cent account availability.
For Gold Scalping
Exness - Stable zero spreads on Gold (Zero Account).
For Low Commissions
FXTM - The floating commission on Advantage is very competitive.
Overall Recommendation:
Exness wins for: Active traders, scalpers, and those who prioritize financial efficiency (instant withdrawals and leverage).
FXTM wins for: Investors looking for copy trading solutions and beginners who need guidance through high-quality education.
Bottom Line: If you want to trade aggressively, choose Exness. If you want to learn or invest passively, choose FXTM.