Exness Review

Trust Score
4.0

Min Deposit

$3


Leverage

200:1


Deposit Bonus

Promotions

Regulation

  • FCA

  • CySEC

Platform

  • MT4

  • MT5

  • MT4 Web

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, FCA in the UK and FSA in Seychelles..

Exness has managed to collect quite a lot of awards, such as Most Transparent FX Broker 2019, and a lot more which can be seen on their About Us page.

The Broker provides support in 17 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 Products
Exness Products



Exness provides clients with more than over 100 Forex Currency Pairs to choose from. Although they offer a variety of products, they still maintain tight spreads, flexible margin requirements and quality order execution.

Exness offers a number of products including FX, Metals, Indices, Cryptocurrencies, Commodities, Stocks, and Energies. When it comes to currency pairs and stocks, they currently have 107 currency pairs, 40 stocks and indices, 7 cryptocurrencies, as well we 12 metals and energies.

Exness Trading Conditions

Trading conditions on the Exness trading platform depends on the type of trading account which the trader is trading from, which is covered more in the next section. Overall, they offer unlimited leverage for some accounts, where the Standard accounts will allows for leverage up to 1:2000. For the standard accounts, the spread for the benchmark EUR/USD starts from as low as 0.3 pips whereas it can go as low as 0.1 pips on Pro accounts and 0.0 on Zero accounts. It should be noted that for Zero accounts, 95% of the time is 0.0 but during news and rollover events, it will change to a floating spread. In addition, trades on the Raw Spread and Zero accounts will also be levied a commission charge. Instant market execution is offered across the board.

Exness Account Types

Exness has a variety of account types, split into 2 main categories Standard and Professional. Standard is available as Standard or Standard Cent, whereas Professionals can choose from Pro, Raw Spread, and Zero accounts. From scalping, day-trading, and automated trading, whether you are a beginner or an experienced trader, you are sure to be able to find something to fit your trading style. Swap-free accounts are also available for Muslim countries.

Exness Account Types
Exness Account Types

Exness Commissions & Fees

The trading fees and commission charged by Exness depends on the trading account type. For the standard accounts such as the Standard Cent and Standard, no commission is payable. Instead these account holders are required to pay a small spread on their trades with the Standard account enjoying the lowest spread. For Raw Spread account, the spreads are the lowest as traders here will be trading with raw spreads with up to $3.50 fix commission per lot, and Zero account with fixed commission per lot from $3.50. However, they will need to pay a commission on their trades each way.

Spreads start at 0.3 with Standard accounts, 0.1 for Pro accounts, and Raw Spread from 0.0.

Exness Platforms and Tools

Exness is another renowned 'MT4 Broker', which offers the popular MetaTrader 4/5 Suite by MetaQuotes, and Exness Webterminal MT4 and MT5, 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.

  ● Offered Platforms:

      Metatrader Webterminal, Exness Webterminal MT4, and MT5

      ● Tools offered and Indicators:

        Calculator, VPS Hosting, and Converter

        ● Languages Offered in Platform:

          Available in 17 languages +.

        Is Exness Mobile Friendly?

        Overall, Exness is considered a mobile friendly platform as the broker has also made available mobile trading apps which are compatible for both iOS and Android powered devices. With the Exness MT4 mobile trading app, traders will be able to do the following:

        • Access interactive charts with 9 time frames
        • Access large library of technical indicators
        • Customizable charts
        • View live news feeds
        • View trading history

        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 can at times have access to various promotions rolled out by Exness which are usually very specific per country, and not per region. Currently, Exness does not have anything on offer.

        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. Moreover, Exness offers an exclusive instant withdrawal process that insists that clients can get funds 24/7 without the involvement of financial specialists.

        Exness Payment Methods
        Exness Payment Methods

        As mentioned 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.

        Exness Customer Support

        Customer support service at Exness is multilingual and is available up to 15 different languages such as Chinese, Farsi, Arabic, Urdu and Malay. To communicate with the support ream, traders can use live chat, email, social media or call them directly on the phone toll free. This support is offered to all clients regardless of the status or account type.

        Exness Research and Education

        Traders at Exness have access to Trading Central technical analysis via WebTV. In addition, Exness also provides Tick history for their traders to ensure effective strategy testing, sust as their own examination and training education at no cost.

        Noteworthy Points to mention for Exness

        The Exness brand is operated by three main companies namely Exness (CY) Ltd., Nymstar Ltd, and Exness (UK) Ltd. Both these companies are regulated and are in compliance of the MiFID directive. Apart from giving traders that they are dealing with a legitimate broker, Exness is also able to offer added protection to their clients as they are covered under the Investor Compensation Fund for Cyprus and the Financial Services Compensation Scheme for the UK. Additionally, they also offer their own VPS hosting services and Tick history.

        Conclusion for Exness

        From our observation, Exness has managed to provide its clientele with a decent array of trading instruments and account choices. The research material provided by the broker is also pretty decent as well as their customer service.

        User Reviews