Exness review
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Introduction
Exness offers users the ability to trade in a wide range of asset classes covering Forex and CFDs on cryptocurrencies, metals, energies, stocks and indices on five main trading accounts. Professional accounts are called Raw Spread, Pro and Zero with up to 1:2000 account leverage 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, both of which are commission-free. Demo accounts and Islamic exchange free accounts are also available.
Exness clients can trade on the world-renowned MetaTrader 4 and MetaTrader 5trading 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 range of educational materials through 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 a sponsorship partner for various organizations.Currently, Exness proudly sponsors the number one football team in the world, Real Madrid.
Pros and cons
| PROS | CONS |
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awards
Along with its operating history, Exness has been awarded and recognized several times, including different aspects such as customer satisfaction, trading technology and overall ratings that recognize its success.
When it comes to market innovation, this Forex broker can be said to be an old school broker as it is one of the few brokers in the industry that has not yet implemented the concept of social networking. However, merchants still have a lot of trust in Exness, mainly because of their commitment to providing high quality services.
Is Exness safe or fraudulent ?
To protect invested funds, when selecting a company for a long-term partnership, the professional trader must consider not only the company's trading conditions. But also, most importantly, ensure that the company's operations comply with the legal requirements of the relevant country and internationally recognized financial standards.
Is Exness legit?
Exness Group due to its presence in several countries and established offices regulated by necessary local authorities that are also highly respected within the industry. Exness UK Ltd is authorized and regulated by the Financial Conduct Authority , while Exness CY Ltd is licensed by CySEC .
Thus, the broker authorized to provide financial products or services within the scope of its activity in the aforementioned countries and in another EEA country. Also, there is a license from an offshore Seychelles, which only provides a record than serious regulation, but additional licenses from trusted authorities make Exness things and offerings reliable.
How are you protected?
Therefore, and due to the operational standards that are set as per the requirements, along with customer protection, cash segregation and participation in an investor compensation fund or plan. EEA registration and provision of services on a cross-border basis carried out by authorization of international authorities within Europe which makes Exness operating standards highly reasonable.
Accounts
“Exness offers 5 different trading accounts. Standard accounts include Standard and Standard Cent. Professional accounts include Raw Spread, Pro and Zero. Demo accounts and Islamic exchange free accounts are also available. ”
Standard accounts include the Standard and Standard Cent account, both of which are commission-free as shown below:
Professional Accounts include Spread Raw, Pro and Zero Accounts as shown below:
The Standard Cent account is only available in MetaTrader 4 and not in MetaTrader 5. Professional accounts offer different leverage, some advertised as 'unlimited' and others at max 1:2000.
Users can open an account by clicking 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 deposits, withdrawals, trading platforms, bonuses, social trading and more, as shown below:
Exness does not accept customers from these restricted countries: 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.
Products
To meet the various needs of all its traders, Exness offers a wide range of quality products for trading Forex and CFDs hedging on metals, energies, cryptocurrencies, indices and stocks.
Below is a list of just a few of the markets available for trading:
| FOREX | METALS | STOCKS |
| AUDTRY | XAGAUD | litter |
| CADMXN | XAGEUR | eBay |
| EURUSD | XPDUSD | Intel |
| GBPJPY | XPTUSD | JP Morgan |
| NOK.SEK | cryptographic | Indexes |
| USD.SGD | BCHUSD | Germany 30 |
| energies | BTCJPY | France 40 |
| UKOil | ETHUSD | Japan 225 |
| USOil | XRPUSD | US Wall Street 30 |
* Details on 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 (swap) funding fees vary depending on the instrument being traded and are covered later in this review.
Leverage
Leverage levels always depend on the instrument you trade, well defined by regulatory restrictions and your personal level of proficiency.
Since FCA and CySEC along with their European miFID directive have significantly reduced the possibility of leverage levels, the maximum leverage you can use as a retail trader is
- 1:30 for major currencies,
- 1:20 for the little ones
- 1:10 for commodities .
However, an Exness global entity can allow for much higher leverage ratios, up to 1:1000, which are also defined by the country of origin.
And of course, always learn how to use leverage correctly as leverage can increase your potential losses as well and is a different feature in various instruments.
Commissions and Spreads
“The costs of trading with Exness vary depending on the type of account opened and the market being traded. Some accounts offer commission-free trading and some are commission-based with raw spreads of 0 pips. ”
Standard and Standard Cent accounts (MT4 only) offer commission-free trading with spreads starting from 0.3 pips.
Professional Pro Account offers commission-free trading with spreads starting from 0.1 pips. Raw Spread professional account offers commission based trading up to 3.5 USD per lot/side with spreads starting from 0 pips. Zero account offers commission-based trading from 3.5 USD per lot/side with spreads starting from 0 pips.
Spreads and swap fees vary depending on the instrument traded and the type of account opened.
See some of the examples below for a better understanding of Exness costs and comparison with other brokers, as well as compare fees with another DF Markets broker.
Comparison between Exness fees and similar brokers
| active / pair | Exness fees | ETFinance Fees | OctaFX Fees |
| EURUSD | 1.2 | 0.7 | 0.5 |
| Crude Oil WTI | 4 | 3 | two |
| Gold | 0.3 | 0.37 | 0.2 |
| inactivity rate | yea | yea | yea |
| deposit fee | No | Average | Short |
| Rate classification | low / medium | High | Average |
To roll
Also, always consider Exness rollover or nightly fee as a cost, which is charged on positions held for more than one day. Each instrument charges a different quote for overnight positions, which can be a fee or refund, see sample of some of the instruments above.
platforms
The broker offers its various services in MetaTrader 4 and MetaTrader 5. The MetaTrader 4 platform is available in a web-based version, desktop version and mobile apps.
MetaTrader 5 is considered an improved version of MetaTrader 4. However, many online Forex brokers prefer the MetaTrader 4 platform because MetaTrader 5 does not support hedging. Also, the MT5 platform does not support MT4 Expert Advisors, popularly known as EA. Both platforms (MT4 and MT5) are highly encrypted to protect traders' personal data.
Exness offers users the ability to trade on the globally recognized MetaTrader 4 trading platform
- 30 built-in indicators.
- Execution types of instant and market orders.
- Autotrading via MQL4.
- Real-time pricing.
The Exness MetaTrader 5 trading platform allows users to:
- View 38 built-in indicators and 22 analytical tools.
- Access fundamental analysis through an integrated economic calendar and news events.
- View up to 21 different timeframes.
- Develop automated systems via MQL5.
trading on the web
While both platforms are well-known software in the industry, MetaTrader4 features a convenient and functional trading platform that has been recognized by professional traders worldwide as well as retailers. 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 a free download or installation platform accessible via a browser.
Still, the web version is always less advanced than the desktop version; so if you develop a comprehensive strategy and need more customization and graphics capabilities, choose the desktop version.
desktop platform
Both MT4 and MT5 support all devices including PC and MAC, so it's your choice which platform you prefer to use the industry standard or your new developed MT5 version. It's good to mention once again that each account supports both platforms, so there's no need to specify, you can use two at the same time, which is great.
Exness Terminal users can
also trade on the Exness Web Terminal which offers quick and simple trading functionality but with limited features. It can be accessed in the My.Exness personal area, as shown below:
Moile Trading
From the comfort of their mobile devices, Exness traders are in a position to perform almost all the functions of the MT4 and MT5 platforms. Thanks to mobile commerce, customers can carry out various business activities from anywhere in the world as long as they are connected to the Internet.
Traders, especially those who are constantly on the go, prefer mobile Forex trading because of its convenience and reliability. The fact that Exness supports mobile commerce is a huge advantage and the company will continue to enjoy an upward growth pattern.
- Apple iOS App
- android app
- Trading - CFDs and Forex
trading styles
As many traders still prefer MT4, both options are available along with Trading Central's free technical analysis service , high quality VPS hosting, economic calendars, quote history and constant account monitoring.
The most relevant news that affect the Forex market is made available by Dow Jones News , the world's largest information provider, therefore included in the streaming line of the platforms. In the meantime, all trading styles are welcome, making your strategy available and executable on Exness.
commercial characteristic
“Exness offers a range of additional trading features including VPS hosting and social trading.”
Exness offers a free VPS hosting service for active accounts with at least 500 US dollars or the 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 can only be seen once logged into the My.Exness personal area as shown below:
Exness social trading services are run via the Exness social trading app, which can be downloaded from the Google PlayStore and Apple AppStore.
deposits and withdrawals
Exness performs instant, commission-free deposits and withdrawals using various electronic payment systems that provide you with control over funding your trading account in a convenient way. Deposit Options Exness offers users the ability to deposit and withdraw funds, without fees 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 they are shown on the broker's website as below:
minimum deposit
What's more, Exness doesn't require a specific amount at the start, so you can start with as little as 1$. The professional account may require up to 200 $ and of course check the required margin requirements which are usually set for each trading instrument separately. Also, check the payment methods as some of them set a minimum transfer amount.
Withdrawals
As already mentioned, Exness does not charge any fees for deposits or withdrawals . However, please check before any transfer is made with customer service in case there are any fees that may apply, due to your country of origin or perhaps the payment provider itself.
| PROS | cons |
| • Deposit fee may apply depending on your region |
Customer support
Exness offers customer support in up to thirteen different languages including German, Thai, Arabic, Russian and Urdu. Customer support in English and Chinese is offered 24 hours a day, 7 days a week. Traders can contact the broker by phone, email and live chat. The company also provides customer support by posting answers to frequently asked questions on its website.
Exness has received really good ratings for its support and is recognized among the financial markets for its excellence.
Research Education
The company provides research and education to marketers primarily through third-party content. Their trading platforms are constantly updated with useful trading information from the Dow Jones News. Additionally, the broker provides informational video content to traders via Trading Central WebTV.
The broker also provides traders with an economic calendar and a TradingAnalysis Trading Indicator. Exness doesn't seem to have any built-in content, as its Analytics section hasn't been updated in months. While 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 toward improving your market presence.
- Forex News, Market News, Webinars and Web TV
- Trading Center
- Business Ideas - Backtesting
- Economic Calendar
- Trading videos for newbies
- Learning center organized as Exness Academy
- Fundamental and Technical Analysis
- Trading calculators, insights and trading ideas
Notable Points
Exness guarantees low trading risks as it makes use of modern software and technologies. In addition, traders are guaranteed maximum security as well as fast order execution; order execution takes place almost immediately.
The company offers more than thirty ways to withdraw and deposit money. Importantly, most of their deposit and withdrawal systems are free. Exness also offers free VPS hosting and allows quick 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 for both beginners and experienced traders. Traders also have access to an insightful economic calendar and ingenious TC.TechnicalAnalysis.
- Offers free VPS services
- A reputable broker
- Easy to use
Conclusion
Exness offers a wide range of Forex pairs for traders and is considered one of the most trusted Forex brokers in the industry. It offers some incredible spreads as well as unparalleled leverage levels. Thanks to its reasonable price and straightforward trading conditions, more and more traders prefer it to other brokers. Their website is multilingual and full of informative content. Exness' popularity is increasing every day. This is evident from the influx of traders reported each year.
Powerful features of the platforms bring the ability to trade effectively along with the safe environment and all accepted trading styles. Also, there are nice additions like Trading Central services and free VPS hosting that reward the customer even more, making all in all Exness a good choice to consider for an enjoyable trading experience.
Still, we'd love to hear your personal opinion about Exness. You can share your experience in the comments area below or ask us for some additional information if needed.
- very well regulated
- Minimum deposit $1
- Impressive range of Forex pairs to trade
- Commission-free trading available
- flexible leverage
- Copy Trading System
- Support in 20 languages
- Good Customer Support
- Platforms: MT4, MT5, Exness Trader
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