Exness Review

Founded in 2008, Exness is a broker which has since gained steam in the market and now boasts nearly 60,000 active client accounts from all over the world. Traders gravitate towards Exness due to its regulatory oversight and licensing from the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC), but also because Exness offers several flexible account types and financial instruments to suit various strategies.
 

 

💱  Instruments Currencies, Crypto, Indices, Metals, Energies, Stocks
💳  Funding & Withdrawal Bank cards, Neteller, Skrill, Perfect Money, WebMoney, Neteller, Skrill, BTC, USDT and other local and international EPS
💻  Broker Type STP | ECN
👨🏽‍💻 Account Types Standard, Standard Cent, Standart Plus, Pro
⌛️ Language English, Chinese, Russian, French, Thai, Indonesian, Arabic, Hindi, Urdu, Tamil, Bengali, Vietnamese, Spanish, Korean
🎮  Virtue Bitcoin funding accepted

 

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Pros / Cons
  • Segregates client funds
  • Established in 2008
  • Regulated by CySEC, CRFIN, BaFin, AFM, Banque de France, CNMV, CONSOB, FI, KNF
  • Min. deposit from $1
  • CopyTrading sistemi
  • Comprehensive and competitive trading conditions despite lack of bonuses and rewards
  • Trading and broker bonus for loyal customers and active traders
  • Support is available in 13 languages
  • Multi-channel communication
  • Free VPS hosting
  • Narrow spreads
  • Limited range of instruments
  • Not FCA Regulated
  • Welcome bonus, deposit bonus, no deposit bonus, and no other broker bonuses offered
  • Referral bonus not offered to new or existing traders
  • Multi-lingual specialists do not work 24/7

Account Types

Exness has two main types of accounts: standard and professional. The standard account is then divided into two: MetaTrader 4 and MetaTrader 5. The MetaTrader 4 has two account types: Standard and Standard Cent. The Standard Cent is more ideal for traders who are starting in the industry because it enables micro-lots. It has a maximum leverage of 1:2000. Standard accounts do not charge a commission. Instead, the broker makes money by using the spread.

Exness’ next account type is Professional. The main difference is that the Professional account charges a minimum commission of $3.5 per trade. I feel that this account is ideal for highly experienced traders. Its three types are Raw Spread, Zero, and Pro.

Trading Platforms

Like most Forex and CFD brokers, Exness offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms can be used on mobile and desktop devices. There is also a web trader that can be accessed on a browser. It also offers the MT4 multiterminal that helps one manage multiple accounts at once.

Leverage

The leverage offered to Exness clients varies by account type, instrument, and trading entity due to regulatory requirements. Some regulators allow high margin rates, up to 1:2000, and leverage can even be unlimited in some jurisdictions, accommodating all trading strategies.

We would recommend utilising risk management strategies when trading with high leverage to protect against significant losses. Since the FCA, CySEC and other European authorities operate under the MiFID directive, retail traders will be subject to leverage capping. This includes a maximum 1:30 leverage for major currency pairs, 1:20 for minor forex pairs, and 1:10 for commodities trading.

Fees & Commission

Exness spreads are generally tight and are variable based on the account type chosen. Spreads start from 0.3 pips on the Standard Cent Accounts and from 0.1 pips on the Standard Account, with no commissions on all trading volumes.

The Pro ECN Account features a raw spread with a variable commission structure per trade.

The Exness Zero (0) Spread Account offers no spreads throughout 95% of the trading day across 30 currency pairs. However, our review found commission is applicable, with charges from $3.50 per lot/side.

Popular metals, including gold, are offered in the form of a currency pair such as XAU/USD. A useful spread comparison table is available on the broker’s website.

The broker also charges swap rates for positions held overnight and an inactivity fee, further details of which can be found on the company website.

Payment Methods

Deposits

Minimum deposits vary by account type and by payment method. Exness traders can open a Standard Account with just $1, which is very competitive vs OctaFX at $25 and IC Markets requiring a $200 minimum. Exness does not charge a fee for any payment method, however, third-party charges may be applicable. You must verify your account before attempting to add funds.

Funding your account is simple, and can be completed by accessing your personal trading area. 50+ base currencies are available for live trading accounts including USD, AUD, ZAR, and KWD. Accepted account payment methods include:

  • WebMoney – Instant Processing, minimum deposit $1
  • Perfect Money – Instant funding, minimum deposit $50
  • Bank Wire Transfer – Instant funding, minimum deposit $3
  • Offline Bank Transfer – Instant funding, minimum deposit $10
  • Debit/Credit Cards – Including Mastercard and Visa. Instant funding, minimum deposit $3
  • E-Wallets – Including Neteller and Skill (1% fee). Instant processing, minimum deposit $10

Not all payment methods will be available depending on your country of residence. Note that once you’ve opened an account, the base currency cannot be changed, however, a new account can be opened in an alternative currency.

Withdrawals

Exness does not charge for withdrawals. Minimum and maximum limits vary by the chosen method, including a $6 minimum amount for debit/credit card withdrawals. Clients will be pleased that transactions back to your original payment method are instant. Typically a 5-day wait, often with applicable fees, is offered by competitor brokers. For full details on how to deposit, any withdrawal problems, or understanding an exchange rate to a base currency, visit the online help centre on the broker’s website or contact the customer support helpline.

1:2000

Exness continues to surpass new milestones, gaining market share from other top brokers thanks to impressive sponsorships with Real Madrid FC and WWF Russia. Traders who join up will encounter a secure and streamlined trading environment which extends to both the MT4 and MT5 platforms, operates in 13 languages, and offers favorable trading conditions including low spreads and ECN account availability.

Exness User Reviews

  1. Iram Shaikh says:

    can you call me please i want to know this market how to make profit in this market

    1. Forex Reviews says:

      None of regulated broker firms call you before you create an account.

  2. Rakesh Raja says:

    I am from india living in India.
    Can I deposit & withdraw in INR for trading in forex, metals & crypto without currency exchanging in the 24 hours platform?
    Kindly revert

    1. Forex Reviews says:

      Hello Rakesh, yes you can deposit by INR and it exchanges to your account currency in order to trade in forex, metals&crypto. Be aware of the firms support crypto trading. Forex market works 5/24

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