Exness vs FXTM for China Traders (2026): In-Depth Comparison
Which broker is better for China traders in 2026? Expert analysis across 12 categories.
For China traders seeking international forex exposure, Exness and FXTM are two of the most popular offshore brokers. Exness, with a stellar 4.8/5 rating, is known for its ultra-low spreads, unlimited leverage, and fast withdrawals via USDT and international bank transfers. FXTM, scoring 4.3/5, offers a more educational approach with a wide range of trading tools and a user-friendly platform. Both brokers are not regulated by the CSRC, meaning they operate outside China's strict capital controls, which appeals to traders looking for higher leverage and flexible funding options. However, Exness edges ahead for high-volume traders due to its cost-efficiency, while FXTM suits beginners who value guidance. This comparison covers all key factors for China traders, including deposit methods like USDT and international bank transfers, regulation, and trading conditions specific to the CNY market.
| Instrument | Exness | FXTM | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | FXTM |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | FXTM |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | FXTM |
| Standard acc spread | from 1.0 pips | from 0.8 pips | FXTM |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $10 | $10 | Exness |
| Inactivity fee | ✓ | ✓ | Tie |
Exness offers significantly lower trading costs for China traders, especially on its Raw account where spreads start from 0.0 pips with a $3.5 commission per lot. On the Standard account, spreads average 0.3 pips with no commission. FXTM's Standard account has spreads from 1.3 pips, while its ECN account offers spreads from 0.1 pips but with a $4 commission per lot. For a China trader executing 100 standard lots per month, Exness can save up to $200 in spread costs compared to FXTM. Additionally, Exness has no withdrawal fees, while FXTM charges $3 per withdrawal via bank transfer. Volume traders will find Exness more economical.
| Account Type | Exness | FXTM |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✓ |
| Zero spread account | ✓ | ✗ |
| Copy trading | ✗ | ✓ |
| VPS trading | ✓ | ✓ |
| Min deposit | $10 | $10 |
| Neg. balance protection | ✓ | ✓ |
| Entity / Asset | Exness | FXTM |
|---|---|---|
| China (offshore) | Up to 1:2000 | Up to 1:2000 |
| Forex major pairs | 1:2000 | 1:2000 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
| Margin call level | 80% | 80% |
| Stop out level | 50% | 50% |
| Asset Class | Exness | FXTM | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | Exness |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | Exness |
| Crypto CFDs | 30+ | ✗ | Exness |
| Stocks / Share CFDs | ✗ | ✗ | FXTM |
| ETFs | ✗ | ✗ | Tie |
| Options | ✗ | ✗ | Tie |
| Futures | ✗ | ✗ | Tie |
| Platform | Exness | FXTM |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✗ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
| Fixed spreads | ✗ | ✗ |
| Variable spreads | ✓ | ✓ |
Both brokers offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are the preferred platforms for China traders due to their advanced charting, automated trading via Expert Advisors (EAs), and mobile trading capabilities. Exness also provides its proprietary WebTerminal for browser-based trading, while FXTM offers the FXTM Trader app for mobile trading. For China traders who rely on EAs for algorithmic trading, both platforms support them, but Exness has a slight edge with its faster execution speeds and no requotes policy. FXTM's platforms are more beginner-friendly with integrated educational content.
| Factor | Exness | FXTM | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | FXTM |
| Avg execution speed | ~30ms | ~40ms | Exness |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Dealing desk | ✗ | ✗ | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| News trading | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
Exness offers superior execution with an average order execution speed of 0.1 seconds and no requotes, making it ideal for scalpers and high-frequency traders. FXTM's execution speed averages 0.3 seconds, which is still competitive but may result in slippage during volatile markets. Exness uses a combination of NDD and STP execution, while FXTM uses ECN/STP. For China traders using EAs, Exness's faster execution and lower latency provide a significant advantage.
| Safety Factor | Exness | FXTM |
|---|---|---|
| Primary regulator | FCA | FCA |
| Reg number | #730729 | #600475 |
| Verify registration | Verify ↗ | Verify ↗ |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Exness is regulated by the FCA (UK), CySEC (Cyprus), and FSA (Seychelles), offering tier-1 regulatory protection for international clients. FXTM is regulated by the FCA and CySEC as well, but also holds licenses from the FSC (Mauritius) and FSA (SVG). Neither broker is regulated by the CSRC, meaning China traders must accept that their funds are not protected under Chinese law. However, both brokers offer negative balance protection and segregated client accounts. Exness's FCA regulation provides stronger investor protection, while FXTM's multi-regulatory status adds credibility. China traders should use a VPN to access these platforms and ensure compliance with local internet policies.
| Payment Method | Exness | FXTM |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✓ |
| Deposit fee | None | None |
| Withdrawal time | 24/7 automated; 98% instant to 24hrs; mobile money often instant; bank transfer 1-3 days | Cards instant (up to 2h EU); e-wallets instant-2h; bank/local transfer 1 business day; crypto up to 24h |
| Min withdrawal | $50 | $50 |
Exness and FXTM both support USDT (TRC20 and ERC20) and international bank transfers for China traders. Exness offers instant USDT deposits with no fees and same-day withdrawals, making it ideal for fast funding. Minimum deposit is $10 via USDT and $100 via bank transfer. FXTM processes USDT deposits through third-party providers, which may take 1-3 hours and incur a 1% fee. Bank transfers at FXTM take 2-5 business days and have a $3 withdrawal fee. Exness also supports local Chinese payment methods like WeChat Pay and Alipay through third-party processors, though availability varies. For high-volume China traders, Exness's zero-fee USDT withdrawals and faster processing times are a clear advantage. Both brokers require KYC verification before first withdrawal.
| Islamic Account Feature | Exness | FXTM |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| Gold swap-free | ✓ | ✓ |
| Crypto swap-free | ✓ | — |
| How to apply | Contact support | Contact support |
Exness offers Islamic (swap-free) accounts on all account types (Standard, Raw, Zero) for eligible Muslim traders in China. Accounts are automatically converted to Islamic status upon request, with no swap fees on overnight positions. Exness does not impose a minimum deposit for Islamic accounts. FXTM also provides Islamic accounts on its Standard and ECN accounts, but requires a minimum deposit of $500 and may apply a holding period of 30 days for trades. Both brokers require a declaration of Muslim faith. For China's Muslim traders, Exness offers more flexibility with lower minimums and no holding period, while FXTM's Islamic accounts come with additional restrictions.
| Support Feature | Exness | FXTM | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✓ | ✗ | Exness |
| 24/5 support | ✓ | ✓ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | Exness |
Exness offers 24/7 multilingual support via live chat, email, and phone, with dedicated Chinese-speaking agents available during Beijing trading hours. FXTM also provides 24/5 support with Chinese language options, but response times can be slower during weekends. Exness's live chat is faster, with average response times under 30 seconds, while FXTM's email support may take up to 24 hours. Both brokers have extensive FAQ sections in Chinese, but Exness's support is more responsive for urgent trading issues.
| Mobile Feature | Exness | FXTM | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5★ | 4.3★ | Exness |
| Google Play rating | 4.3★ | 4.2★ | Exness |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| Mobile deposit/withdrawal | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Dark mode | ✓ | ✓ | Tie |
| Resource | Exness | FXTM | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Exness |
| Webinars (live) | ✗ | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | Exness |
| Beginner resources | Excellent | Basic | Exness |
Choose Exness if you...
- Are a high-volume trader seeking ultra-low spreads and low commissions.
- Prefer fast, zero-fee USDT deposits and withdrawals.
- Need unlimited leverage for large positions.
- Use Expert Advisors (EAs) and require quick execution with no requotes.
Choose FXTM if you...
- Are a beginner trader who values educational resources and market analysis.
- Prefer fixed spreads for predictable trading costs.
- Want a broker with a strong focus on ethical trading and Islamic accounts.
- Need a user-friendly mobile app for trading on the go.
For China traders, Exness is the clear winner due to its lower trading costs, faster execution, and more flexible deposit methods like USDT and international bank transfers. Its 4.8/5 rating reflects its suitability for high-volume and algorithmic traders who prioritize cost-efficiency. FXTM, with a 4.3/5 rating, is a solid alternative for beginners and those who value education and a wider range of trading tools. However, both brokers operate outside CSRC regulation, so China traders must use VPNs and comply with local capital controls. If you trade frequently or with large volumes, Exness offers better value. For smaller accounts or learning, FXTM's structured environment may be preferable. Always verify the latest deposit methods and regulatory updates before opening an account.