- Very well regulated
- Min Deposit $1
- Impressive range of Forex pairs to trade on
- Commission-free trading available
- Flexible leverage
- Copy Trading System
- Support in 20 languages
- Good Customer Support
- Platforms: MT4, MT5, Exness Trader
|Headquarters||Siafi 1,PORTO BELLO Building, Flat 401,3042, Limassol, Cyprus|
|Regulation||FCA, CySEC, FSA(JP)|
|Platforms||MetaTrader trading software offering MT4 and MT5 platforms|
|Instruments||107 currency pairs, CFDs on Stocks and Indices, Energies, Metals and 7 Cryptocurrencies.|
|Costs||Trading costs and spreads are low and average compared to competition|
|Leverage||1:30 to 1:1000|
|Commission on Trade||No|
|Withdrawal options||Credit Card
Skrill, Netteller, WebMoney
Perfect Money, CashU
|Education||Professional Education with vast learning materials, Live webinars and regularly held Seminars|
Exness offers users the ability to trade on a wide range of asset classes covering Forex and CFDs on Crypto, Metals, Energies, Stocks and Indices across five core trading accounts. Professional Accounts are called Raw Spread, Pro and Zero with account leverage of up to 1:2000 on MT4 and unlimited leverage on MT5, no trading commissions on the Pro Account and 3.5 USD commission per lot, per side for Raw Spread and Zero Accounts. Standard accounts are called Standard and Standard Cent which are both commission-free. Demo accounts and Islamic swap-free accounts are also available.
Clients of Exness can trade on the globally-recognised MetaTrader 4 and MetaTrader 5 trading platforms for Windows, Mac, Linux, Android and iOS systems, as well as the Exness Web Terminal. Users are also offered a variety of deposit and withdrawal methods including bank cards and e-wallets. The broker also offers a wide variety of educational materials via articles and videos, as well as live market analysis, an economic calendar, WebTV and trading calculators.
Customer support is offered in 13 languages with 24/5 support in 11 languages and 24/7 support in English and Chinese via Live Chat or Email.
Exness takes an active role in social life, as well as acting as an honored sponsorship partner with various organizations. Currently, Exness proudly sponsors the world’s number one football team, Real Madrid.
Pros and Cons
Along with its history of operation, Exness has been awarded and recognized many times including different aspects like Customer satisfaction, trading technology and overall rankings recognizing its success.
When it comes to market innovation, this Forex broker can be said to be an old-school broker since it is one of the few brokers in the industry who are yet to implement the concept of social networking. Nevertheless, traders still have a lot of confidence in Exness mainly because of its commitment to providing high-quality services.
Is Exness safe or scam?
In order to protect invested funds, when selecting a company for a long-term partnership a professional trader should consider not only the company’s trading conditions. But also, most importantly, make sure that the company’s operations comply with the relevant country’s legal requirements and with internationally recognized financial standards.
|• Regulated by CySEC, FCA
• Segregated Accounts and annual reports
• Negative Balance Protection applied
|• Not listed on Stock Exchange
• Global proposal regulated by SFSA
Is Exness legit?
Exness Group due to its presence in various countries and established offices regulated by necessary local authorities that also highly respected within the industry. Exness UK Ltd is authorized and regulated by the Financial Conduct Authority, while Exness CY Ltd holds a license from CySEC.
Thus, the broker permitted to provide financial products or services within its activity in above mentioned countries and in another country in the EEA. Also, there is a license from an offshore Seychelles, which rather provides just registration than serious regulation, yet additional licenses from reputable authorities make things and Exness offers reliable.
How are you protected?
Therefore, and due to operational standards that are set according to the requirements along with the customer protection, money segregation and participation in investor compensation fund or scheme. The EEA registration and the provision of services on a cross-border basis performed by authorization from cross authorities within Europe that makes Exness operation standards highly reasonable ones.
“Exness offers 5 different trading accounts. Standard Accounts include the Standard and Standard Cent. Professional Accounts include Raw Spread, Pro and Zero. Demo accounts and Islamic swap-free accounts are also available.”
The Professional Accounts include the Raw Spread, Pro and Zero Accounts, as shown below:
The Standard Accounts include the Standard and Standard Cent account which are both commission-free, as shown below:
The Standard Cent account is only available on MetaTrader 4 and not on MetaTrader 5. The Professional Accounts offer differing leverage with some advertised as ‘unlimited’ and others a maximum of 1:2000.
Users can open an account by clicking on Open Account or New Account on the broker’s website.
To complete the registration process, users are asked to verify their phone number and personal information as shown below:
This can also be done at a later stage. However, at this point, users can access the My.Exness personal area to view and open new accounts, as well as access deposit, withdrawals, trading platforms, bonuses, social trading and more, as shown below:
Exness does not accept clients from these restricted countries: the USA, Malaysia, Russia, Saint Vincent and the Grenadines, Vatican City, Israel, American Samoa, Baker Island, Guam, Howland Island, Kingman Reef, Northern Mariana Islands, Puerto Rico, Midway Islands, Wake Island, Palmyra Atoll, Jarvis Island, Johnston Atoll, Navassa Island.
To cater for the various needs of all its traders, Exness offers a wide range of quality products to trade on covering Forex and CFDs on Metals, Energies, Crypto, Indices and Stocks.
Below is a list of just some of the available markets for trading:
|USOil||XRPUSD||US Wall Street 30|
* Details regarding the available assets are taken from the Exness website and trading platform and are correct at the time of this review.
Trading costs such as spreads, commissions and overnight funding (swap) rates vary depending on the instrument being traded and are covered further down this review.
Leverage levels always depending on the instrument you trade, as well defined by the regulatory restrictions and your personal level of proficiency.
Since FCA and CySEC along with its European directive miFID significantly lowered the possibility for leverage levels, the maximum leverage you may use as a retail trader is
- 1:30 for major currencies,
- 1:20 for minor ones
- 1:10 for commodities.
Yet, a global entity of Exness may allow much higher leverage ratios up to 1:1000, which are also defined by the country of your origin.
And of course, always learn how to use leverage correctly, as leverage may increase your potential loses as well and is a different feature in various instruments.
Commissions and Spreads
“Trading costs with Exness vary depending on the account type opened and the market being traded. Some accounts offer commission-free trading and some are commission-based with raw spreads from 0 pips.”
The Standard and Standard Cent (MT4 only) Accounts offer commission-free trading with spreads starting from 0.3 pips.
The professional Pro Account offers commission-free trading with spreads starting from 0.1 pips. The professional Raw Spread account offers commission-based trading up to 3.5 USD per lot/per side with spreads starting from 0 pips. Zero account offer commission-based trading starting from 3.5 USD per lot/per side with spreads starting from 0 pips.
Spreads and swap-rates vary depending on the instrument being traded and the account type opened.
See some of the examples below for a better understanding of Exness costs and comparison with other brokers, as well compare fees to another broker DF Markets.
Comparison between Exness fees and similar brokers
|Asset/ Pair||Exness Fees||ETFinance Fees||OctaFX Fees|
|Crude Oil WTI||4||3||2|
|Fee ranking||Low/ Average||High||Average|
Also, always consider Exness rollover or overnight fee as a cost, which is charged on the positions held longer than a day. Each instrument charges different quote for overnight positions, which may be as a fee or a refund, see sample on some of the instruments above.
The broker offers its various services on both MetaTrader 4 and MetaTrader 5. The MetaTrader 4 platform is available in a web-based version, desktop version as well as mobile apps.
MetaTrader 5 is considered to be an improved version of MetaTrader 4. However, many online Forex brokers prefer the MetaTrader 4 platform because MetaTrader 5 doesn’t support hedging. Additionally, the MT5 platform does not support MT4’s Expert Advisors popularly known as EA. The two platforms (MT4 and MT5) are highly encrypted to safeguard the personal details of traders.
Exness offers users the ability to trade on the globally-recognised MetaTrader 4 trading platform
- 30 inbuilt indicators.
- Instant and Market order execution types.
- Autotrading via MQL4.
- Real-time prices.
The Exness MetaTrader 5 trading platform allows users to:
- View 38 inbuilt indicators and 22 analytical tools.
- Access fundamental analysis via an inbuilt economic calendar and news events.
- View up to 21 different timeframes.
- Develop automated systems via MQL5.
While both platforms are well known software in the industry, MetaTrader4 features a convenient and functional trading platform that has been recognized by professional world traders and retail traders as well. While MT5 is a more developed version of the previous one with powerful features and new possibilities. You can access both via Web Trading, which is free from download or installation platform accessible via the browser.
Yet, Web version is always less advanced as desktop one, so if you develop a comprehensive strategy and need more customization and charting features go for the desktop version.
Both MT4 and MT5 support all devices including PC and MAC, so the choice is yours which platform you prefer to use either industry standard or its new developed version MT5. Good to mention again that each account supports both platforms, so there is no need to specify, you can use two at the same time, which is great.
The Exness Terminal
Users can also trade on the Exness Web Terminal which offers quick, simple trading functionality but with limited features. This can be accessed from the My.Exness Personal Area, as shown below:
From the comfort of their mobile devices, Exness traders are in a position to carry out almost all the functions of both MT4 and MT5 platforms. Thanks to Mobile trading, clients can complete various trading activities from anywhere in the world provided they are connected to the internet.
Traders especially those who are constantly on the move prefer mobile Forex trading because of its convenience and reliability. The fact that Exness supports mobile trading is a huge plus and the company will continue to enjoy an upward growth pattern.
- Apple iOS App
- Android App
- Trading- CFDs and Fore
Since there are many traders who still prefer the MT4, both options are available along with the analytical service with free technical analysis from Trading Central, high-quality VPS hosting, economical calendars, quotes history and a constant monitor of the accounts.
The most relevant news affecting the Forex market available from Dow Jones News, the leading provider of information in the world, hence included into the streaming line of the platforms. Meanwhile, all trading styles are welcomed making your strategy available and possible to be performed at Exness.
“Exness provides a range of additional trading features including VPS hosting and social trading.”
Exness offers a free VPS hosting service for live accounts with at least 500 USD or equivalent in another currency. This allows users to connect to their trading terminals from a remote terminal.
The broker also provides access to social trading services. This is only viewable once logged into the My.Exness Personal Area, as shown below:
The Exness social trading services is run through the Exness social trading app which can be downloaded in the Google PlayStore and Apple AppStore.
Deposit and Withdrawals
Exness performs instant deposits and withdrawals with no commission charges using a number of electronic payment system that provides control over your trading account funding at convenience.
Exness offers users the ability to deposit and withdraw funds, fee-free via Bank Card, Perfect Money, WebMoney, Neteller, Skrill, Bitcoin and Tether. There are different minimum deposits and transaction times depending on the chosen method but are shown on the broker’s website, as below:
What is more great, Exness does not require a specific amount at the beginning, so you will be able to start as small as 1$. The professional account may demand though 200$, and of course, check on the necessary margin requirements that are usually set for each trading instrument separately. Also, check on the payment methods, as some of them set a minimum transfer amount.
As been mentioned already, Exness does not charge any fees either for deposits or withdrawals. Nevertheless, check before any transfers are done with customer service in case there are any fees that may be applicable, due to your country of origin or maybe by the payment provider himself.
||• Deposit fee may be applicable according to your region|
Exness offers customer support in up to thirteen different languages including German, Thai, Arabic, Russian, and Urdu. Client support in English and Chinese is offered round the clock, 24/7. Traders can get in touch with the broker through phone, emails, and live chat. The company also offers customer support by posting answers to FAQs on their website.
Exness gained actually quite good rankings for its support and is recognized among financial markets for its excellence.
|• Quick response and Relevant answers
• Live Chat, Phone lines, emails supported
• 13 Languages supported
• 24/7 support
|• 24/7 support in English and Chinese only|
The company offers research and education to traders majorly through third-party content. Its trading platforms are constantly updated with useful trading insights from Dow Jones News. Additionally, the broker provides informative video content to traders through the Trading Central WebTV.
The broker also provides traders with an economic calendar and a TradingAnalysis Trading Indicator. From the look of things, Exness doesn’t have in-house content since its Analytics section hasn’t been updated for months now. Although the company has some of the best third party research and education content, an improved in-house research and education system can go a long way to improve its presence on the market.
- Forex News, Market News, Webinars and Web TV
- Trading Central
- Trade Ideas- Backtesting
- Economic Calender
- Newbie Trading Videos
- Learning center organize as Exness Academy
- Fundamental and Technical Analysis
- Trading Calculators, Insights and trading idea
Exness guarantees low trading risks since it makes use of modern software and technologies. Additionally, traders are assured of maximum safety as well as speedy execution of orders; order execution occurs almost immediately.
The company offers over thirty ways of withdrawing and depositing cash. Importantly, most of its deposit and withdrawal systems are free. Exness also offers free VPS hosting and allows fast access to funds after a withdrawal request. Furthermore, the company regularly offers various bonuses and promotions to traders.
With its in-house webinars, this broker offers useful trading information to both beginner and experienced traders. Traders also have access to an insightful economic calendar and a resourceful TC.TechnicalAnalysis.
- Provides free VPS services
- A highly reputable broker
- Easy to use
Exness offers a broad range of Forex pairs to traders and is considered to be one of the most reliable Forex brokers in the industry. It offers some amazing spreads as well as unmatched leverage levels. Thanks to its reasonable pricing and straightforward trading conditions, more and more traders prefer it over other brokers. Their website is multi-language and is full of informative content. Exness’s popularity is increasing by the day. This is evident from the influx of traders reported every year.
Powerful features of the platforms bring the capability to trade effectively along with the secure environment and all trading styles accepted. Moreover, there are pleasant additions alike Trading Central services and free VPS hosting that rewards client even more, making all in all Exness as a good choice to consider for pleasant trading experience.
Yet, we would be glad to know your personal opinion about Exness, you may share your experience in the comment area below, or ask us for some additional information if required.
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