Forex Broker Comparison
Detailed side-by-side analysis
Quick Summary
Best for Beginners
XM
$5.00Tightest Spreads
Neex
From 0.0 pips (raw/ECN); average 0.8 pips on majors like EUR/USD pipsHighest Leverage
Neex
1:Up to 1:500Best Rated
XM
Mobile Trading
Both
✓✓General Information
XM
Regulation
ASIC (Australia), CySEC (Cyprus), DFSA (Dubai, UAE)
Founded
N/A
Headquarters
Cyprus
Overall Rating
Neex
Regulation
ASIC (Australia), FSCA (South Africa), FSC (Mauritius)
Founded
N/A
Headquarters
South Africa
Overall Rating
Trading Conditions
| Feature | XM | Neex |
|---|---|---|
| Minimum Deposit | $5.00 | $50.00 |
| Average Spreads | From 0.6 pips (Ultra Low/Zero accounts); average 1 pip on Standard | From 0.0 pips (raw/ECN); average 0.8 pips on majors like EUR/USD |
| Maximum Leverage | Up to 1:1000 | Up to 1:500 |
| Commission | None | None |
Account Types
XM
Neex
Platforms & Tools
XM
MetaTrader 4, MetaTrader 5
Mobile Trading
Available
Web Trading
Available
VPS Hosting
Available
Social Trading
Available
Neex
MetaTrader 4, MetaTrader 5, WebTrader
Mobile Trading
Available
Web Trading
Available
VPS Hosting
Available
Social Trading
Available
Payments
XM
Deposit Methods
Credit/Debit Cards (Visa/MasterCard), Bank Wire Transfer, Skrill, Neteller, Google Pay, Local Methods (e.g., UnionPay in Asia)
Withdrawal Methods
Same as deposits: Credit/Debit Cards, Bank Wire, Skrill, Neteller (processed same-day for verified accounts)
Withdrawal Fee
None
Neex
Deposit Methods
Bank Wire, Credit/Debit Cards (Visa/Mastercard), Skrill, Neteller, Cryptocurrencies (BTC/ETH/USDT)
Withdrawal Methods
Same as deposits; processed within 24-48 hours (e-wallets fastest)
Withdrawal Fee
None
Support
XM
Support Languages
30+ (English, Arabic, Chinese, French, German, Spanish, Japanese, Russian, etc.)
Support Channels
24/5 customer support through live chat, email, and phone, with assistance available in multiple languages.
Account Manager
Not Available
Neex
Support Languages
English, Spanish, Arabic, Chinese, French, German, Portuguese, Russian
Support Channels
24/5 live chat, email, phone; average response time 2-5 minutes
Account Manager
Available
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