TL;DR — Exness pays more cashback (up to $7/forex and $14/gold per lot) than XM (up to $5.50/forex and $11/gold). But XM has a lower $5 minimum and dual CySEC + ASIC regulation, making it the friendlier starting point. Pick Exness to maximise rebate — especially on gold; pick XM for a low-cost, well-regulated first account.
Cashback rebate, head to head
| Exness | XM | |
|---|---|---|
| Forex (up to) | $7.00 / lot | $5.50 / lot |
| Gold XAUUSD (up to) | $14.00 / lot | $11.00 / lot |
| Min. deposit | $10 | $5 |
| Regulation | FSA, CySEC | CySEC, ASIC |
| Existing account? | Yes | Yes |
On raw rebate, Exness wins on both forex and gold. Over 20 gold lots a month that gap ($14 vs $11) is $60 — meaningful for an active XAUUSD trader.
Regulation & trust
Both are widely used and regulated, but XM's CySEC + ASIC pairing is often seen as slightly stricter oversight than Exness's FSA-led setup. If regulatory tier is your top filter, XM edges it; if you want the biggest rebate, Exness leads.
Getting started
XM's $5 minimum is about as low as it gets, so it is a natural first broker. Exness's $10 is still very accessible. Both let you link an existing account to Expaid, so you can switch cashback on without changing how you trade.
Verdict — Gold trader or chasing the highest per-lot rebate? Go Exness. Beginner or regulation-first? Go XM. Either way, link through Expaid so you actually collect the rebate.
Learn more
Read the full Exness cashback guide and XM cashback guide, compare every broker in our best cashback brokers guide, or estimate your cashback. Ready? Create your Expaid account.