Exness vs FXTM for New Zealand Traders (2026)
Which broker is better for New Zealand traders in 2026? Expert analysis across 12 categories.
New Zealand traders comparing Exness vs FXTM in 2026 face two well-regulated brokers with distinct strengths. Exness, with a 4.8/5 rating, excels in low-cost trading, offering raw spreads from 0.0 pips and instant withdrawals via Bank Transfer, Skrill, Neteller, and USDT TRC20. FXTM, scoring 4.3/5, provides a robust educational platform and a user-friendly interface, making it ideal for beginners. Both are regulated by the local financial regulator, ensuring client fund safety and compliance with New Zealand’s financial laws. Whether you prioritize tight spreads or comprehensive learning tools, this comparison helps you choose the best fit for your trading style.
| 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 |
For New Zealand traders, trading costs are a key factor. Exness offers lower spreads on its Zero account, with raw spreads from 0.0 pips and a commission of $3.50 per lot round-turn. FXTM’s standard account has spreads from 1.0 pips with no commission, but its ECN account starts from 0.1 pips with a $4 commission. Over 100 lots per month, Exness saves approximately $50 in spread costs, making it more cost-effective for high-volume traders.
| 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 |
|---|---|---|
| New Zealand (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 and MetaTrader 5, popular among New Zealand traders for their advanced charting and automated trading capabilities. Exness also provides its proprietary web platform with one-click trading, while FXTM offers a mobile app with integrated news and analysis. For Kiwi traders seeking customization, both platforms support Expert Advisors (EAs) and VPS hosting, though Exness’s execution speed is slightly faster due to its liquidity aggregation.
| 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 uses a hybrid execution model combining STP and ECN, with average execution speeds of 0.1 seconds and no requotes. FXTM relies on STP execution with speeds around 0.2 seconds, but may experience slippage during volatile news events. For New Zealand traders scalping or using EAs, Exness’s faster execution and deeper liquidity provide a clear 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 and FXTM are both regulated by the local financial regulator, providing New Zealand traders with a secure trading environment. This means client funds are held in segregated accounts, and brokers must adhere to strict capital adequacy requirements. Exness also holds licenses from the FCA and CySEC, adding an extra layer of oversight. For local traders, this regulation ensures transparency and dispute resolution through New Zealand’s financial ombudsman service.
| 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 |
New Zealand traders can fund their accounts using Bank Transfer, Skrill, Neteller, and USDT TRC20 at both brokers. Exness processes e-wallet and crypto deposits instantly, with withdrawals also completed within seconds for most methods. FXTM takes 1-3 business days for Bank Transfers but offers same-day processing for Skrill and Neteller. Minimum deposits are $10 for Exness and $50 for FXTM. USDT TRC20 is a standout option for Kiwi traders seeking fast, low-cost transfers without bank delays.
| 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 |
Both Exness and FXTM offer Islamic accounts for New Zealand Muslim traders, eliminating swap fees on overnight positions. Exness provides swap-free accounts automatically upon request for all account types, with no time limits. FXTM requires a separate application and may restrict certain instruments or charge a small administration fee after a holding period. For long-term Sharia-compliant trading, Exness is more flexible.
| 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 live chat, email, and phone support in English, with a dedicated New Zealand phone line for urgent queries. FXTM provides similar channels but with slightly longer response times during weekends. Both brokers have comprehensive FAQ sections tailored to local traders. For Kiwi traders needing quick issue resolution, Exness’s round-the-clock support is preferable.
| 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...
- Want the lowest spreads and commissions for high-volume trading
- Need instant deposits and withdrawals via Skrill, Neteller, or USDT TRC20
- Prefer a broker with a 4.8/5 rating and unlimited leverage options
- Trade with Expert Advisors and require fast, reliable execution
Choose FXTM if you...
- Are a beginner looking for educational resources and a user-friendly platform
- Prefer a broker with a strong brand reputation and regulatory oversight
- Want a wide range of tradable instruments, including CFDs on stocks and ETFs
- Need a swap-free Islamic account with no time restrictions
For New Zealand traders, Exness is the superior choice due to its lower trading costs, faster execution, and instant withdrawal options via Bank Transfer, Skrill, Neteller, and USDT TRC20. Its 4.8/5 rating reflects strong client satisfaction and regulatory compliance with the local financial regulator. FXTM remains a solid option for beginners or those prioritizing education, but its higher spreads and slower withdrawals make it less competitive for active traders. If you trade frequently or use EAs, Exness offers better value. For occasional traders or those new to forex, FXTM’s learning tools may justify the extra cost.