- Max leverage
- 2,000:1
- Min deposit
- Standard from about $10
- Bonus
- None
Exness vs M4Markets: Which Broker Is Better?
Short answer
Pick M4Markets if you want a deposit bonus (50% on every deposit, up to $10,000) and a $5 start with one clearly named Seychelles company. Pick Exness if you'd rather have no bonus but leverage up to unlimited on small eligible accounts, a raw-spread account at up to $3.50 per side, and largely automatic withdrawals. Both state negative balance protection.
- Max leverage
- 5,000:1
- Min deposit
- $5
- Bonus
- 50% deposit bonus
Comparison table
| Feature |  Exness |  M4Markets |
|---|---|---|
| Max leverage | 2,000:1 | 5,000:1 |
| Min deposit | Standard from about $10 | $5 |
| Bonus | None | 50% credit bonus on each deposit, up to $10,000 |
| Account types | 5 types | 5 types |
| Platforms | MT4 / MT5 / Exness Terminal / Exness Trade app | MT4 / MT5 |
| Licence | FSA Seychelles SD025, CBCS Curaçao, FSC BVI, FSC Belize, F… | FSA Seychelles SD035 |
| Bonus offered | ✗ | ✓ |
| No-deposit bonus | None | None listed publicly |
| Deposit bonus | None | 50% credit bonus on every deposit to a verified account, c… |
| Negative balance protection | ✓ | ✓ |
| Stop-out level | 0% | 20% |
| USD/JPY spread | 1 pips | 2.25 pips |
| EUR/USD spread | 0.8 pips | 1.6 pips |
| EUR/USD spread (low-spread account, no commission) | 0.6 pips | No such account |
| Gold spread | 16 pips | 25.8 pips |
| USD/JPY spread (raw account) | 0.1 pips | 0.65 pips |
| EUR/USD spread (raw account) | 0.2 pips | 0.4 pips |
| Commission (per lot, round turn) | 7 | 7 |
| Withdrawal time | Over 98% of withdrawals processed automatically | Usually processed within 24 working hours |
| Deposit & withdrawal methods | Cards | Bank transfer |
| ECN account | ✓ | ✓ |
| Cent account | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| EAs allowed | ✓ | ✓ |
| Copy trading | ✓ | ✓ |
| Swap-free | ✓ | ✓ |
| Crypto CFDs | ✓ | ✓ |
| Stock CFDs | ✓ | ✓ |
| Local-language support | ✓ | ✓ |
| Rebates and loyalty | Exness Rewards | Loyalty programme: points set your tier |
The short answer
This is promotions versus conditions. M4Markets gives you a bonus on every deposit and very high leverage on small positions. Exness gives you no bonus at all, but competitive raw pricing, very flexible leverage on small accounts and automated withdrawals. If you know you won’t use a bonus, Exness’s model is simpler; if you will, M4Markets is the only one of the two that offers one.
1. Bonus
M4Markets: 50% credit on each deposit to a verified account, up to $10,000 of bonus in total. Credit moves to your withdrawable balance as you trade. Exness: no deposit bonus and no no-deposit bonus; only a loyalty programme (Exness Rewards) for selected clients. See the bonus comparison and M4Markets bonus rules.
2. Leverage
Exness’s standard maximum is 2000:1 for accounts under $5,000 equity, and unlimited leverage is available on selected instruments once you’ve closed 10 orders totalling 5 lots and keep equity under $5,000. M4Markets reaches 5000:1 on its Dynamic Leverage account, but only on FX majors up to 1 lot; above that it falls in steps. Its Standard and Cent accounts offer 1000:1. Both models cut leverage as size or equity grows, so read the tables before sizing a trade: Exness leverage, M4Markets leverage.
3. Costs for active traders
Exness’s Raw Spread account starts at 0 pips with up to $3.50 per side per lot; it also has a Zero account and a Pro account. M4Markets’ Raw Spread ($500 minimum) shows an average EUR/USD spread of 0.4 pips plus a $7 commission (its account page doesn’t say per side or round turn), and Premium ($10,000) charges $5. On standard accounts, M4Markets publishes a 1.6-pip average EUR/USD spread on Standard; see Exness spreads for what Exness publishes. Both offer cent accounts and swap-free options.
4. Licence
M4Markets names one company for international clients: Trinota Markets (Global) Ltd, Seychelles FSA SD035. Exness’s footer lists Exness (SC) Ltd (Seychelles FSA SD025), Exness B.V. (Curaçao CBCS), Exness (VG) Ltd (BVI FSC), Forexite Ltd (Belize FSC) and Exness (MU) Ltd (Mauritius FSC); your country decides which one you sign with. All of these are offshore licences: no EU leverage caps or compensation fund. Broker licences explained.
5. Withdrawals and protection
Exness says over 98% of withdrawals are processed automatically. M4Markets says withdrawals are usually processed within 24 working hours, and charges 3% if you withdraw without having traded. Both state negative balance protection, so neither can leave you owing money after a gap. See fast-withdrawal brokers.
Verdict by trader type
- Wants a deposit bonus: M4Markets
- Doesn’t want bonus strings attached: Exness
- Small account, maximum leverage: either; M4Markets’ 5000:1 is fixed by lot size, Exness’s unlimited depends on eligibility
- Scalper on raw pricing: Exness’s per-side commission is clearer
- Wants one named contracting company: M4Markets
Frequently asked questions
Does Exness have a bonus like M4Markets?
No. Exness offers no deposit or no-deposit bonus; it runs an Exness Rewards loyalty scheme for selected clients. M4Markets pays a 50% credit bonus on each deposit, up to $10,000.
Which has higher leverage?
Exness can go to 'unlimited' on selected instruments for accounts under $5,000 equity after 10 closed orders and 5 lots; its standard maximum is 2000:1. M4Markets offers 5000:1 on FX majors up to 1 lot on its Dynamic Leverage account.
Which company would I sign with?
At M4Markets, Trinota Markets (Global) Ltd, licensed by the Seychelles FSA (SD035). Exness lists several offshore companies (Seychelles FSA SD025, Curaçao, BVI, Belize, Mauritius); which one you contract with depends on your country.
Which is faster to withdraw from?
Exness says over 98% of withdrawals are processed automatically, depending on the method. M4Markets says it usually processes withdrawals within 24 working hours, with e-wallets instant and cards or wire taking 1–5 business days.
