Updated: 05/16/2024

Exness

Exness Review

4.9 / 5
9005 ratings
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.13 May 2024
author avatar image Chad Smith

Table of Contents

Exness Main Features
Feature Title Feature Value
🗺️ Year Founded 2008
🏢 Headquarters Limassol, Cyprus
⚖️ Tier-1 Licenses FCA (UK), CySEC (Cyprus)
⚖️ Tier-2 Licenses FSCA (South Africa), FSA (Seychelles), CMA (Kenya)
⚖️ Tier-3 Licenses CBCS (Curaçao and Sint Maarten), FSC (Mauritius
Minimum Initial Deposit $10
No. of Trading Platforms 5
No. of Trading Accounts Types 5
Demo Trading Yes
Leverage (EU Clients) Up to 1:30
Leverage(Non-EU-Clients) Up to 1:2000
Average Spread EURUSD From 0.3 pips
💰 Withdrawal fee No
Withdrawal Time Instant to 7 days
💰 Inactivity Fee No

When considering a Forex broker, Exness stands out as a significant player in the market, catering to traders worldwide, including South Africa. Known for its robust regulatory framework, Exness provides traders a secure environment for trading various financial instruments. The broker has built a reputation for competitive trading conditions, encompassing low spreads and access to high leverage, tailoring to novice and experienced traders.

Setting up with Exness is straightforward, with a low minimum deposit requirement that makes it accessible for traders at different financial levels. The platform’s commitment to quick and hassle-free withdrawals further enhances user convenience. Moreover, various trading platforms and tools are at your disposal, enabling a tailored trading experience that caters to your preferences and strategies. The broker’s customer service is available around the clock, complemented by a comprehensive range of educational resources to assist you in your trading journey.

Key Takeaways

  • Exness is a secure and regulated broker with competitive trading conditions.
  • The broker offers a user-friendly setup with low minimum deposits and swift withdrawals.
  • Diverse trading platforms, tools, and dedicated customer support are available to traders.

Overview of Exness

When you explore Exness, you’re delving into a forex broker with a reputable regulation and global presence track record. Their services cater to a wide range of traders across different markets.

History and Regulations

Exness was established to offer traders fair and transparent access to forex markets. Throughout its operation, Exness has secured regulation from some of the most respected bodies in the industry. Rules from the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the UK bolster your confidence in its legitimacy. Exness is also regulated by the Financial Services Board (FSB) in South Africa and the Financial Services Commission (FSC) in multiple jurisdictions.

Global Reach and Offices

Exness’s global reach is evidence of its significant influence in the forex market. Its offices are strategically located in key financial areas around the world. This geographical spread not only enhances its accessibility but also reflects its commitment to adhering to regional regulations and providing tailored services to meet diverse trader needs from different parts of the globe.

Getting Started with Exness

When you start forex trading with Exness, you’ll be presented with various account types tailored to your trading strategies and experience levels. The process of opening an account is simplified for your convenience.

Account Types

Account TypeDescriptionMinimum DepositSpreadCommissionLeverageInstruments
Standard AccountSuitable for new and experienced traders; balances performance and simplicityFrom $10 (varies)From 0.3 pipsNoneUp to 1:UnlimitedForex, metals, cryptocurrencies, energies, stocks, indices
Standard Cent AccountIdeal for trading with smaller amounts; transactions measured in cents, perfect for beginnersFrom $10 (varies)From 0.3 pipsNoneUp to 1:2000Forex, metals
Raw Spread AccountOffers the lowest spreads, fixed commission per lot, designed for professionals$200From 0.0 pipsUp to $3.50 per lot per sideUp to 1:UnlimitedForex, metals, cryptocurrencies, energies, stocks, indices
Zero AccountStructured for near-zero spreads on 30 top instruments, ideal for active traders$2000 pipsFrom $0.2 per lot per sideUp to 1:UnlimitedForex, gold, silver, oil, indices
Pro AccountDesigned for seasoned traders, offers variable spreads, no commission$200From 0.1 pipsNoneUp to 1:UnlimitedForex, CFDs, futures, bonds, stocks

Exness offers several account types to cater to diverse trading needs:

  • Standard Account: This versatile account is suitable for new and experienced traders. It provides a balance between performance and simplicity.
  • Pro Account: Designed for the seasoned trader, the Pro Account offers tighter spreads and more advanced features without a commission.
  • Cent Account: An ideal choice if you wish to trade with smaller amounts, as the financial commitment is lower. Transactions are measured in cents, making it perfect for beginners.
  • Standard Cent Account: This account combines the features of the standard account and is scaled down to cent transactions.
  • Zero Account: This account is structured for traders looking to benefit from near-zero spreads.
  • Raw Spread Account: Geared towards professionals, the Raw Spread Account offers the lowest spreads with a per transaction commission.

For Islamic traders, Islamic accounts that comply with Sharia law are also available, and there’s a provision for a demo account for practice trading. The minimum deposit required across various accounts is competitive, with some accounts even starting at just $1.

How to Open an Account

To open an account with Exness:

  1. Visit the Exness website and click the “Open an Account” button.
  2. Provide your personal information and verify your identity for security purposes.
  3. Upon approval, choose your preferred account type from the options provided.
  4. Make your minimum deposit according to your chosen account’s requirements.
  5. Start trading by accessing your account through one of the provided trading platforms.

Remember, if you consider yourself a professional trader, Exness offers a professional account which requires proof of trading experience and financial expertise.

By choosing an account type that aligns with your trading style and following the simple steps to open it, you set the stage for your trading journey with Exness.

Trading Platforms and Tools

  • Trading Platforms
  • No. of Trading Platforms
  • Proprietary Platform
  • Desktop Platform (Windows)
  • Web Platform
  • Social Trading / Copy Trading
  • MetaTrader 4 (MT4)
  • MetaTrader 5 (MT5)
  • cTrader
  • TradingView
  • DupliTrade
  • ZuluTrade
  • Review Link
  • 5
  • Yes
  • No
  • Yes
  • Yes
  • No
  • Yes
  • Yes
  • Yes (integrated with Exness Terminal)
  • No
  • No
  • 6
  • No
  • No
  • Yes
  • Yes
  • No
  • Yes
  • Yes
  • Yes
  • Yes
  • No
  • No
  • No
  • Yes
  • Yes
  • No
  • Yes
  • Yes
  • Yes
  • Yes
  • No

Exness provides a selection of trading platforms and tools designed to cater to your varied trading needs. You can access both widely used MetaTrader software and Exness’s custom-built solutions, ensuring flexibility and efficiency for your trading activities.

MetaTrader 4 and 5

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are the industry-leading software platforms on Exness. MT4 is renowned for its user-friendly interface and robust trading tools, which are suitable for new and experienced traders alike. On the other hand, MT5 offers advanced financial trading functions, as well as superior tools for technical and fundamental analysis. With Exness, you get:

  • MT4 Features:
    • Over 30 built-in indicators
    • Nine timeframes
    • One-click trading
  • MT5 Features:

Exness Terminal

The Exness Terminal is an in-house developed platform you can access directly through your web browser. This terminal is designed to be user-friendly and focus on helping you manage your trades swiftly and effectively. Featuring real-time quotes and one-click trading, the Exness Terminal simplifies the trading process, whether at home or in the office.

Mobile App

Your trading journey is not restricted to the desktop. Exness Mobile App allows you to trade on the go, providing functionality similar to desktop platforms. You can:

  • Monitor markets in real-time
  • Execute trades with just a few taps
  • Access your trading history and account analytics

Stay informed and react instantly to market movements from your mobile device.

Web Interface

For traders who prefer not to download software, Exness offers a comprehensive Web Interface. This web-based platform ensures you can access your accounts and trade directly from your web browser. The web interface is compatible with all major browsers and maintains essential features such as:

  • Real-time quotes
  • Full account management
  • Access to trading history
PlatformDescriptionKey FeaturesCompatibility
MetaTrader 4 (MT4)Widely used platform, ideal for both beginners and experienced traders.User-friendly interface, automated trading with Expert Advisors (EA), built-in indicators and drawing tools.Desktop (Windows, macOS), Mobile (iOS, Android)
MetaTrader 5 (MT5)Advanced version of MT4 with additional features for comprehensive trading.Advanced charting tools, MQL5-based EAs and indicators, built-in economic news and technical analysis.Desktop (Windows, macOS), Mobile (iOS, Android)
Exness TerminalSupports MT5 accounts, TradingView integration, over 100 indicators, various order types, and chart customization.One-click trading, TradingView charts, and market sentiment indicators tailored for small screens.Web-based, accessible on any browser
Exness Trade AppThe platform is designed to manage multiple trading accounts simultaneously, which is ideal for account managers.The mobile trading app designed for on-the-go trading with a user-friendly interface.Mobile (iOS, Android)
WebTerminalBrowser-based trading platform by MetaQuotes, no installation required.Secure web encryption, supports MT4 and MT5 accounts, limited features compared to desktop versions.Web-based
MultiTerminalManage multiple accounts and trade allocation, including MAM and PAMM systems.The mobile trading app is designed for on-the-go trading with a user-friendly interface.Desktop (Windows)
  • MT4 and MT5: Both platforms offer a wide range of trading instruments, including forex, cryptocurrencies, commodities, indices, and stocks.
  • Exness Terminal: Known for its user-friendly interface and fast performance, it integrates with TradingView to enhance analytical capabilities.
  • Mobile Trading: The Exness Trade app allows users to trade from anywhere, and its essential features are optimized for mobile use.

Financial Instruments Offered

Exness provides a broad range of financial instruments tailored to your trading preferences. You’ll find opportunities in various markets, including forex, CFDs, and cryptocurrencies.

Asset ClassInstruments AvailableExamples
Forex100+ Currency PairsEUR/USD, GBP/USD, USD/JPY
Indices13 Major IndicesDAX 30, Hong Kong 50, US Tech 100
Cryptocurrencies33 Digital CurrenciesBitcoin (BTC/USD), Ethereum (ETH/USD), Ripple (XRP/USD)
Stocks (CFDs)70+ StocksApple, Tesla, Amazon
Commodities14 Commodity CFDsGold (XAU/USD), WTI Crude Oil, Silver

Forex Pairs

Exness offers a vast selection of currency pairs in forex trading, enabling you to trade major, minor, and exotic pairs. With competitive spreads, you can engage in forex transactions involving significant pairs such as EUR/USD, GBP/USD, and USD/JPY or branch into pairs like USD/ZAR for more variance in your trading portfolio.

CFDs and Commodities

Your portfolio can diversify further with CFDs (Contracts for Difference) across various asset classes. Trade popular commodities like gold and oil, and explore your options with stock CFDs from known entities. The leverage available allows you to trade these instruments even with a limited initial capital.

Cryptocurrencies and Indices

Cryptocurrencies have emerged as an enticing trading instrument, and Exness lets you delve into digital currencies like Bitcoin and Ethereum. Besides, suppose broader market movements capture your interest. In that case, indices tracking the performance of a collection of stocks can be traded as CFDs, offering you a glimpse into the financial markets’ big picture.

Exness Trading Conditions

In evaluating Exness’s trading conditions, you’ll find a strong focus on providing flexibility in leverage and margin requirements, competitive spreads and commissions, and reliable order execution.

  • Average Spread
  • Average Spread EURUSD – Standard
  • Average Spread USDJPY – Standard
  • Average Spread GBPUSD- Standard
  • Average Spread BTCUSD – Standard
  • Average Spread XAUUSD – Standard
  • Average Spread OILUSD – Standard
  • Review Link
  • From 0.3 pips
  • From 0.3 pips
  • From 0.1 pips
  • From 0.3 pips
  • Approximately 58.2 pips
  • From 0.3 pips
  • 0.09 pips
  • 0.15 pips
  • 22.8 pips
  • 0.45 pips
  • 11.25 pips
  • 4.0 pips

Leverage and Margin

Exness offers you notable leverage options, with the maximum leverage reaching up to 1:2000. This allows you significant potential to magnify your trading position. The margin requirements are in place to manage exposure and ensure prudent trading practices within the high leverage provided.

Spreads and Commissions

Competitive spreads at Exness can be super-tight, allowing for cost-effective trading. Commissions may vary depending on your account type, but Exness strives to keep trading fees low, contributing to a cost-effective trading environment.

Fee TypeDetailsNotes
SpreadVariable, starting from 0.1 pips (Standard Account), from 0.0 pips (Zero and Raw Spread Accounts)Spreads are generally tighter for professional accounts; can vary with market conditions
CommissionUp to $3.50 per lot per side (Raw Spread Account), from $0.2 per lot per side (Zero Account)No commission on Standard and Pro Accounts
Overnight Swap RatesApplicable for positions held overnight; varies by instrumentIslamic (swap-free) accounts available
Deposit FeesNoneThird-party charges may apply depending on payment method
Withdrawal FeesNoneThird-party charges may apply depending on payment method
Inactivity FeesNone
Currency Conversion FeesMarket conversion rates applied at the time of the exchangeCheck specific rates on the Exness platform
Guaranteed Stop Order FeeNone

Order Execution

Exness prides itself on market execution, ensuring your orders are executed rapidly. With their substantial trading volume—reportedly USD 4.5 trillion monthly—you will likely experience minimal slippage and a high standard of trade execution.

Deposits and Withdrawals Methods

Exness offers a range of convenient deposit and withdrawal methods, ensuring you can manage your funds efficiently and quickly. No withdrawal fees are charged, which enhances your trading experience.

Payment Methods

Exness provides a variety of payment methods to cater to your preferences:

  • Bank Transfers: Available for both deposits and withdrawals.
  • Credit/Debit Cards: Visa and MasterCard are accepted.
  • Electronic Payments: Options include Neteller, Skrill, and others.

The flexibility in payment methods ensures you can select the most convenient option.

Instant Withdrawal

The instant withdrawal feature is one of Exness’s standout services:

  • Instant Processing: Your withdrawal requests are processed immediately, regardless of the time of day.
  • No Fees: Exness does not charge any withdrawal fees, allowing you to access your profits without additional costs.

This immediate service ensures that your capital is always within reach when needed.

Safety and Security

When considering a Forex broker like Exness, your primary concern should be the safety and security measures to safeguard your investments.

Regulatory Compliance

Exness is recognised as a regulated broker, operating under the oversight of several financial authorities. The Financial Conduct Authority (FCA) in the United Kingdom and the Cyprus Securities and Exchange Commission (CySEC) enforce stringent regulatory frameworks to protect traders’ interests. Additionally, regulation by the Financial Services Commission (FSC) in both Mauritius and the Financial Sector Conduct Authority (FSCA) in South Africa contributes to the broker’s commitment to regulatory adherence.

JurisdictionRegulatory Body
United KingdomFCA
CyprusCySEC
South AfricaFSCA
MauritiusFSC

Note that Exness, while regulated, is not an approved Over-the-Counter Derivatives Provider (ODP) in any jurisdiction.

Negative Balance Protection

Negative balance protection is provided when trading with Exness. This means your losses cannot exceed your account balance even in the volatile Forex market. In adherence to regulations set forth by entities like CySEC and the FCA, Exness ensures that your account will be brought to a zero balance, should it go negative, protecting you from any additional financial obligation beyond your initial investment.

Customer Support and Educational Resources

When you trade with Exness, you gain access to dedicated customer support and a valuable educational resource repository that aims to refine your trading experience.

Assistance and Support

Your trading journey with Exness is well-supported through a variety of channels. You can benefit from 24/7 customer support to attend to your inquiries anytime. Support is available in English and Chinese around the clock, with 13 languages offered. You can choose the mode of communication that suits you best:

  • Live Chat: Instant assistance is available at your fingertips at any time of the day.
  • Email: Send an email for non-urgent, detailed queries to get a comprehensive response.
  • Phone Support: A direct line is available for you to speak with knowledgeable support personnel for immediate needs.

Exness also offers a user-friendly website that hosts a Help Centre, where common questions have already been addressed, providing instant solutions.

Trading Education

To enhance your trading education, Exness offers various educational resources that accommodate both beginners and seasoned traders:

  • Webinars: Engage with live sessions that cover a range of topics.
  • Guides: Access detailed guides that take you through trading concepts and platform usage.
  • Articles: Stay updated with informative articles that cover market analysis and trading strategies.

The broker ensures that these resources are of high quality, aiming to improve your trading knowledge and confidence as you make informed decisions in your trading activities.

Frequently Asked Questions

Before navigating the Exness trading platform, you may have several questions that could influence your decision to trade forex with this broker. These frequently asked questions address practical aspects of the platform and provide insights into users’ experiences.

Is the Exness platform suitable for newcomers to forex trading?

Exness offers a user-friendly interface that may be beneficial for beginners. The platform provides educational resources to help you understand forex trading fundamentals.

What are some common challenges traders face when using Exness?

Some users report that trading with Exness can be challenging due to the complexity of forex markets. You might need to familiarise yourself with the platform’s tools and features to trade effectively.

How do client experiences on Trustpilot reflect on Exness’s reliability?

Exness’s Trustpilot reviews can give you an indication of the broker’s reliability. Feedback ranges from satisfaction with customer support to issues regarding account verification.

Are there any prevalent withdrawal issues with the Exness brokerage?

On occasion, there are reports of delays in withdrawals with Exness. However, these occurrences seem to be the exception rather than the rule, and many traders successfully withdraw funds with minimal disruption.

How is Exness positioned in the global market in terms of regulatory compliance?

Exness is regulated by multiple financial authorities, including CySEC, FCA, SFSA, FSCA, FSC, FSA, and CBCS, which makes it a compliant actor in the global trading market.

What feedback do users from South Africa provide regarding their experience with Exness?

South African traders generally report positive experiences with Exness, notably appreciating the ability to trade using local currency (ZAR accounts) and the broker’s competitive trading fees.

author avatar image
Chad Smith

Chad Smith is the Director of Research & Analysis here at ForexBrokerListing.com. Chad previously served as an Editor for a number of websites related to finance and trading, where he authored a significant number of published articles about trading and the impact of technology in transforming investing as we know it. Overall, Chad is an active fintech and crypto industry researcher with more than 15 years of trading experience, and you can find him teaching his dog how to trade in his free time.

Exness

4.9 / 5
9005 ratings

Comments

  • dollartrader99

    30 Jan, 2022

    Great broker, low spreads, fast withdrawals.

  • fxking01

    7 Feb, 2022

    Trustworthy broker, very good for forex trading.

  • tradehero01

    15 Feb, 2022

    Great broker. Low spreads and good support.

  • fxexpert24

    17 Feb, 2022

    Very good for forex trading, low fees, fast trades.

  • forexguru77

    16 Mar, 2022

    Excellent broker, very reliable.

  • forexmaven99

    3 Apr, 2022

    Customer support not always responsive. Some delay in replies.

  • tradesavant99

    6 Apr, 2022

    Satisfied, low fees, good support.

  • cryptoqueen77

    26 May, 2022

    Platform is good, but had issues with withdrawal time.

  • investgenius77

    30 May, 2022

    Good trading experience. Low fees, fast execution.

  • trademaniac007

    5 Jul, 2022

    Favorite broker. Low fees, great support.

  • trademaster21

    6 Jul, 2022

    Excellent support, low costs. Very happy with this broker.

  • marketmogul77

    29 Jul, 2022

    Great conditions, easy withdrawals. Very satisfied.

  • traderjohn007

    16 Aug, 2022

    Execution speed is fine, but faced some issues with deposits.

  • tradeguru77

    21 Aug, 2022

    Best support, solve my problems quickly.

  • dollarhero22

    27 Aug, 2022

    Low spreads, fast execution. Very reliable for trading.

  • cryptowarrior24

    17 Sep, 2022

    Great for crypto trading, fast platform, good leverage.

  • fxtrader99

    22 Sep, 2022

    Faced issues with account verification. Took longer than expected.

  • fxmaster23

    31 Oct, 2022

    Good experience with Exness. Happy with service and support.

  • cryptomogul88

    3 Nov, 2022

    Best broker for crypto trading. Fast execution, good spreads.

  • investwizard77

    7 Nov, 2022

    Excellent trading experience, highly recommend.

  • investpro24

    11 Nov, 2022

    Good tools for trading and learning. Very helpful.

  • forexfanatic88

    17 Dec, 2022

    Satisfied with Exness. Fast trades, low spreads.

  • fxninja88

    19 Dec, 2022

    Trading with Exness very good. Fast execution, low spreads.

  • fxhero007

    15 Jan, 2023

    Easy and reliable trading, good spreads.

  • cryptolord24

    22 Jan, 2023

    Love trading here. Great leverage, low spreads.

  • forexmastermind88

    2 Feb, 2023

    Go-to broker, reliable, low spreads.

  • fxprotrade

    18 Mar, 2023

    Reliable broker, good for forex trading. Low fees, fast trades.

  • investmaster22

    22 Mar, 2023

    Trading platform is good, but could improve mobile app features.

  • forexguru22

    27 Mar, 2023

    Platform had some downtime during important trades.

  • investgenius99

    22 May, 2023

    Exness is great for forex. Low spreads, fast execution.

  • investdude88

    23 May, 2023

    Had problem with leverage settings, not very clear initially.

  • cryptowizard24

    29 Jun, 2023

    Trading crypto is fun here. Good spreads, high leverage.

  • forexchamp88

    4 Jul, 2023

    Excellent, highly recommend for forex traders.

  • forextitan99

    17 Jul, 2023

    Very happy, low fees, fast withdrawals.

  • cryptoslayer007

    6 Aug, 2023

    Good for BTC and ETH trading. Smooth experience.

  • trademaster007

    24 Aug, 2023

    Easy to use, good support. Happy with Exness.

  • investguy24

    28 Aug, 2023

    Spreads not as low as expected. Sometimes slippage.

  • investmogul77

    31 Aug, 2023

    Great experience, good tools and support.

  • traderchamp77

    8 Sep, 2023

    Withdrawal process slow, took a few days.

  • fxwhale88

    20 Dec, 2023

    Excellent for forex trading, highly recommend.

  • investwizard99

    30 Dec, 2023

    Exness is amazing broker. Fast execution, low spreads.

  • investqueen89

    2 Feb, 2024

    Very happy with Exness. Good trading experience.

  • cryptoking881

    4 Feb, 2024

    Love trading BTC on Exness. Good leverage, reliable.

  • cryptokig22

    8 Feb, 2024

    Trading crypto very good. Fast execution, low spreads.

  • fxwarrior99

    14 Feb, 2024

    Best platform for forex trading. Tools very helpful.

  • cryptofreak77

    13 Mar, 2024

    Good broker for crypto, fast platform, good spreads.

  • cryptoking123

    24 Mar, 2024

    Crypto trading okay, but spreads on altcoins could be better.

  • tradewizard88

    22 Apr, 2024

    Trading indices here is great. Low cost, quick trades.

  • cryptomaster01

    5 May, 2024

    Trading crypto is great on Exness. Good spreads and leverage.

  • forexninja007

    11 May, 2024

    Excellent customer service. Always helpful.

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