Trust Score

85
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Regulation

  • FCA

  • CySEC

Platform

  • MT4

  • MT5

  • MT4 Web

Min Deposit

$3

Leverage

200:1

Bonus

NA

Zero Commissions

Exness was founded in 2008, and is regulated by CySEC in Cyprus (number 178/12) as well as the FCA under the Financial Services Register (730729) followed by six EEA registrations in various countries.

Exness keeps their trading accounts simple providing just a Mini and Classic trading account. Though both account’s leverage caps at 200:1, Exness makes it easy to start trading with mini accounts requiring only a $1 minimum deposit making it a popular choice for the new trader. They also offer technical support in 14 different languages, with the website localized in 22 different languages.

Exness has collected quite a few Best Broker awards over the years, as well as Best Educational Broker and Best Trade Conditions.

Introduction

Exness began its operations in 2008, out of St. Petersburg in Russia, aiming to penetrate the financial markets with its excellent services.

The Group has managed to acquire several regulations throughout its growth, which have enabled it to enter markets that are less accessible to other Brokers due to regulatory requirements. Moreover, the Group is currently regulated by CySEC in Cyprus, IFSC in Belize, FCA in the UK and the FSPR of New Zealand.

Exness has managed to collect quite a lot of awards, such as Best MT4 Broker 2016, and a lot more which can be seen on their About Us page.

The Broker provides support in 14 different languages, and with a minimum deposit as low as $3 for Credit Cards, Exness is ideal for newbie traders who do not want to risk much capital at the beginning of their trading career.

Exness Products

Exness provides clients with more than 120 Forex Currency Pairs to choose from. By focusing on one product, the broker maintains tight spreads, flexible margin requirements and quality order execution.

Exness Products
Exness Products

Exness Account Types

Account Types at Exness depend on the country of registration of the Client. For most European Clients, Exness offers two types of Accounts, a Mini and Classic Account.

At first glance, one may think that the Mini Accounts mostly target newbie traders, due to the low Minimum Deposit. However, something that is unusual in the case of Exness, is that the contract size for its 'Mini' Account is still 100,000, and is not reduced to 1,000 or 10,000 as is done with other 'Mini/Micro' Accounts offered by Brokers, not to mention the Spreads which are approximately triple those of a Classic Account.

From our perspective, it is better for newbies to start with a Mini/Micro Account with a Broker that provides a much lower contract size, which would allow traders to try different strategies, EAs, and move on towards a Classic/Standard Account when more mature as a trader.

Non-EU Clients have access to 2 more types of Accounts, called a Cent Account and ECN Account. 

The Cent Account, is exactly the Account that we stated was missing above, which has a contract size of 10,000 instead of 100,000, whilst opening an Account with www.exness.com, gives clients the ability to have Unlimited Leverate, depending on the type of Account they choose!

The screenshot below highlights the differences between all the Account Types offered by Exness.

Exness Account Types
Exness Account Types

Exness Platforms

Exness is another renowned 'MT4 Broker', which offers the popular MetaTrader 4/5 Suite by MetaQuotes, along with the MetaTrader 4 Multiterminal which is intended for simultaneous management of multiple accounts, for which is mostly helpful for those whom manage investors' accounts and for traders working with many accounts simultaneously. 

The platforms are available on Desktop, Mac OS, & Linux, iPhone & Android.

Apart from the above, Exness also provides the 'Exness One Click Trader Trading Script' which allows traders to open & close positions with one click. Note that this is typically included within the MT4 Terminal of other Brokers.

Exness Promotions

Promotions depend on the regulation of the entity a client is contracting with. Due to the recent changes in the CySEC legal framework, promotions have been banned, so therefore if a client was to register with the CySEC regulated entity, no promotions would be available.

However Non-EU Clients have access to various promotions rolled out by Exness which are usually very specific per country, and not per region.

The Broker also runs a Forex Trading Contest called #OnlyTheBest Midfielder where the top three traders win 4,000 USD each, of which 2,000 USD is immediately available for withdrawal, whilst the remaining 2,000 USD is credited as a Bonus.

Exness Website

The Exness' website does not really appear to be that of a typical Forex Broker. The images it uses on it's sliders sometimes can actually confuse viewers as to if this is really a forex broker or not.

Navigating through the website to find information can be daunting to say the least, as sections that are essential for all Broker Websites, such as more details about their Products & Services, do not exist.

Exness Homepage
Exness Homepage

On the other side however, its refreshing to see something different from a broker who does not follow the industry norm, and we're sure that with its strong branding, all Exness' visitors know that indeed they are a Forex Broker!

Exness Homepage 2018
Exness Homepage 2018

Exness Deposits & Withdrawals

Exness accepts the standard Payment Methods which are used throughout the industry. It does not offer the biggest variety of Payment Methods, but it definitely satisfies the mostly frequent payment methods such as Wire Transfers, Credit Cards and lastly eWallets, which are now being preferred by clients due to withdrawals being instant once processed.

Exness Payment Methods
Exness Payment Methods

As seen in the table above, Exness accepts a minimum deposit of $3 by Credit Card, which is fantastic for clients who are newbies and want to experiment with a Real Account instead of a Demo Account, but don't have to really risk a lot as they can opt in for a Micro Account.

Clients will also be happy to hear that Exness covers any transactional fees on deposits and withdrawals, which has also become a norm with the big players in the industry.

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