Both Exness and XM are popular overseas forex brokers among Japanese traders. Compare their specifications, costs, and support to choose the broker that's right for you
### Basic Specifications Comparison
| Item | Exness | XM |
|——|——–|—–|
| Maximum Leverage | Unlimited | 1,000x |
| Financial License | FSA / FCA / CySEC / FSCA / CMA / JSC | CySEC / ASIC / IFSC / DFSA |
| Trading Tools | MT4 / MT5 / Exness Terminal / Exness App | MT4 / MT5 |
| Zero Cut | Implemented | Implemented |
| Japanese Support | Available (Weekdays 8:00-24:00) | Available (24 hours) |
| Products | FX / Precious Metals / Energy / Stock CFD / Index CFD / Cryptocurrency | FX / Precious Metals / Energy / Stock CFD / Cryptocurrency |
### Spread and Cost Comparison
| Comparison Items | Exness (Standard) | Exness (Pro) | XM (Standard) | XM (KIWAMI) |
|———|——————-|————–|——————|—————|
| USD/JPY | 1.1 pips | 0.1 pips | 1.6 pips | 0.7 pips |
| EUR/USD | 1.0 pips | 0.6 pips | 1.7 pips | 0.6 pips |
| Trading Fees | Free | Free | Free | Free |
In terms of cost, Exness's Pro account offers the lowest spreads with no commission fees. XM's KIWAMI account is also attractive as it is swap-free
### Account Type Comparison
**Exness Account Types**
| Account Type | Features |
|———–|——|
| Standard Account | Commission-free for beginners |
| Pro Account | Instant execution, low spreads |
| Low Spread Account | Commission-based, narrowest spreads |
| Zero Account | Zero spreads on major currencies |
**XM Account Types**
| Account Type | Features |
|———–|——|
| Standard Account | Commission-free, for general use |
| Micro Account | For small-amount trading |
| KIWAMI Account | Low spreads, swap-free |
| Zero Account | Commission-based, extremely narrow spreads |
### Who should use Exness?
– For those who prioritize **unlimited leverage**
– For those who prioritize **instant withdrawals**
– For those who prioritize **extremely narrow spreads** (Pro account from 0.1 pips)
– For those who want to use **Exness Terminal** (TradingView enabled)
### Who should XM be recommended for?
– Those who want to take advantage of **generous bonuses** (account opening bonus + deposit bonus)
– Those who are attracted to the low spreads and swap-free nature of the **KIWAMI account**
– Those who value **long operating history** and comprehensive Japanese support
– Those who need **24-hour Japanese support**
### Both options are eligible for cashback if accessed via Moneychat
If you open an account through MoneyChat, you can receive cashback from both Exness and XM. Whichever broker you choose, you'll get a portion of your trading costs reimbursed, making it a great deal
### summary
| Key Features | Recommended Broker |
|—————-|———–|
| High Leverage (Unlimited) | Exness |
| Low Cost (No Commission + Low Spreads) | Exness (Pro Account) |
| Bonuses | XM |
| License & Reliability | Equivalent (Both hold Tier 1) |
| Withdrawal Speed | Exness |
| Swap-Free | XM (KIWAMI Extreme Account) |
Both are excellent overseas forex brokers, but the best choice depends on what you prioritize. **Opening accounts with both through MoneyChat and comparing them in person is one approach.**
**Risk Warning**: Forex trading involves risks. Please invest only with funds you can afford to lose
