Exness is a reputable online international forex brokerage firm that specializes in offering corporate solutions, partnerships, and retail foreign exchange assistance globally. Igor Lychagov and Petr Valov founded this stock brokerage company in 2008. The company’s guiding principles of honesty and transparency have gained a positive reputation between many investors, economic journals, rating agencies, and online outlets, attracting customers from all over the world. You probably found this, because you are trying to decide between Exness, OctaFX and XM as your Forex trading platform. Both platforms offer beneficial interactions overall, but there are significant distinctions to be aware of which Traders Union have pointed for you.
Exness Vs OctaFX
Benefits of Exness Vs OctaFX Compared
- Stocks Listed (Exness – 0, OctaFX – 1)
Forex trading just on Exness Tablet, MT5, Web Trader, Mac and Mobile apps is available to retail investors through Exness. Alternately, OctaFX offers retail traders access to its trading platforms for cTrader, MT4, Web Trader, and Mobile apps.
- Minimum Deposit (Exness – 1, OctaFX – 5)
Why it’s a good idea to make cash investments before trading? You should only transfer what you buy with Exness or OctaFX, which is the first obvious justification. The broker with the smallest deposit alternative will be more alluring if you have a smaller budget. While OctaFX requires a minimum deposit of 5, Exness only requires a deposit of 1. The second reason is that you should only use a small portion of the money you have set aside for trading when speculating on highly risky but potentially more lucrative financial instruments. Don’t let a broker’s higher minimum deposit requirement completely turn you off; instead, consider the overall trading characteristics the trading platform offers. This is true of both Exness and OctaFX. A high minimum deposit often offers more options for researching financial assets and trading platform features.
- Financial Instruments (Exness – 100, OctaFX – 50)
You have more potential financial tools you can purchase or sell for your portfolio the more instruments are available on the Exness and OctaFX trading platforms. It is wise to have a diversified portfolio because a user will never have the same set of options. Trading is about seizing opportunities, so you don’t want to lose out on a trade because of Exness or OctaFX restrictions.
XM Vs Exness
Benefits of XM Vs Exness Compared
- Stocks Listed (Exness – 0, XM – 160)
Forex trading on the Exness Web Trader, MT5, Mac, Tablet, and Mobile apps is available to retail investors through Exness. Just on XM MT4, Mac, Web Trader, and Mobile apps trading platforms, retail traders can also trade Forex, stocks, commodities, equity indices, precious metals, and energies CFDs.
- Minimum Deposit (Exness – 1, XM- 5)
Why it’s best to make small deposits before trading, and how Exness and XM compare
Users should only deposit with Exness or XM what they can afford, which is the first obvious reason. The broker with the lowest deposit option is more alluring if you have a smaller budget. The minimum deposit amount for XM is five, compared to one for Exness. The second reason is that you should only use a small portion of the money you have set aside for trading when speculating on highly risky but potentially more lucrative financial instruments. Don’t let a broker’s higher minimum deposit requirement completely turn you off; instead, consider the overall buying and selling features the trading platform offers. A high minimum deposit often offers more options for researching financial assets and trading platform features.
- Financial Instruments (Exness – 100, XM – 1000)
You have more potential financial instruments users can purchase or sell for your portfolio the more instruments are available on the Exness and XM trading platforms. It is wise to have a diverse portfolio because a user will never have the same set of options. Buying and selling are all about seizing opportunities, so you don’t want to lose out on a trade because of Exness or XM’s restrictions.
Which broker is the Safest?
Experts look at a number of factors to determine the security of the best brokers. Consider the broker’s credentials, such as the legitimacy of the licenses he or she holds. Additionally, take into account the track record of brokers, as experience shows that they are more trustworthy and reliable than newer brokers.
