Both Exnessand 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 / ExnessApp | 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
**ExnessAccount 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)
**Exness For those who want to use
### 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 bothExnessand 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
