Exness review by - TopAsiaFX

Exness, a remarkable forex broker that has been expanding continuously since its establishment in 2008. This broker stands out as one of the most tightly regulated entities, holding the esteemed titles of both FCA (Financial Conduct Authority) and CySEC (Cyprus Securities and Exchange Commission) regulations.

Diving into the realm of Exness, we discover an extensive user base. In 2019 alone, the trading community witnessed a staggering 80,000 active traders flocking to this platform. Moreover, Exness boasts a remarkable monthly trading volume of $325.8, reflecting its immense popularity and market presence.

Explore a world of endless possibilities at Exness, where opportunities abound. This broker welcomes traders with a minimum deposit requirement of just $1, accompanied by an impressive leverage of 1:200. Choose from a vast selection of 107+ currencies, granting you unparalleled flexibility. With direct access to MT4/MT5 and a plethora of additional features, Exness ensures an optimal trading experience like no other.

Exness Pros & Cons

Pros

  • Regulated broker, ensuring a safe and secure trading environment.
  • Wide range of tradable assets, including forex, stocks, indices, commodities, and cryptocurrencies.
  • Multiple account types to suit different trading preferences.
  • User-friendly trading platforms (MT4 and MT5) are available for desktop and mobile devices.
  • Competitive spreads and low trading fees.
  • Exceptional customer support is available 24/7.

Cons

  • Limited educational resources compared to some other brokers.
  • No dedicated educational platform for beginner traders.

 

Exness Account Types

Accounts Currencies Min. deposit Leverage Starting Spreads Demo Account Rollover Free Decimal Pricing Commission per trade Max. Lot Size Per Trade Min. Lot Size Per Trade
Standard Accounts $Depends on payment system 1:Unlimited From 0.2 pips Yes Yes No commission 200 (7:00 - 20:59 GMT+0), 60 (21:00 - 6:59 GMT+0) 0.01
Standard Cent Accounts $Depends on payment system 1:Unlimited From 0.3 pips Yes Yes No commission 200 0.01
Raw Spread Accounts (Professional) $200 1:Unlimited From 0 pips Yes Yes Up to $3.50 each side per lot 200 (7:00 - 20:59 GMT+0), 60 (21:00 - 6:59 GMT+0) 0.01
Zero Accounts (Professional) $200 1:Unlimited From 0 pips Yes Yes From $0.2 each side per lot 200 (7:00 - 20:59 GMT+0), 60 (21:00 - 6:59 GMT+0) 0.01
Pro Accounts (Professional) $200 1:Unlimited From 0.1 pips Yes Yes No commission 200 (7:00 - 20:59 GMT+0), 60 (21:00 - 6:59 GMT+0) 0.01
Social Standard Accounts $500 1:200 From 1 pip Yes Yes No commission 400 (7:00 - 20:59 GMT+0), 60 (21:00 - 6:59 GMT+0) including strategy's and all investments' volume 0.01
Social Pro Accounts $2,000 1:200 From 0.6 pips Yes Yes No commission 400 (7:00 - 20:59 GMT+0), 60 (21:00 - 6:59 GMT+0) including strategy's and all investments' volume 0.01

Account Options

Broker Type Minimum Deposit Forex Majors Spread Maximum Leverage Min. Trade Size Scalping Hedging Free Demo USA Traders
ECN, STP $100 1:Unlimited 0.01 Yes No Yes No

Exness Trading Platforms, Fees & Regulation

When it comes to trading platforms, Exness has embraced two of the most powerful and widely acclaimed options. Can you guess which ones?

Indeed, we're talking about the renowned MT4 and MT5 trading platforms. Additionally, Exness offers web trader platforms that grant you access to the web versions of MT4 and MT5.

Please note: The web trader platform exclusively provides MT4 and MT5, but only if you're using the latest version.

However, it's worth mentioning that the trading platforms do not offer extensive customization options, and the absence of third-party add-ons limits the ability to enhance them.

But don't fret! Exness ensures a rich trading experience with a wide array of trading currencies to choose from, over 20-time frames, multiple trading charts, various trading indicators, economic calendars, and much more!

Let's talk about mobile trading:

In recent times, mobile trading has soared in popularity, driven by the staggering number of mobile device users. Surveys conducted in 2020 reveal an astounding 85% increase in mobile users compared to 2014 and 2015.

Impressive statistics, aren't they?

This surge in mobile usage has made mobile trading a compelling option. Exness understands this trend and offers MT4 and MT5 trading platforms in their mobile trading app. With 24/7 support, lightning-fast withdrawals, vital alerts, access to over 200 renowned tradable assets, and much more, Exness ensures a seamless mobile trading experience.

Regulation
  • ( CySEC, FSA, FCA )
Fees
  • No
Platforms
  • MT4, MT5

Exness Top Features

Tradable Instruments:

Exness believes in empowering indigenous market traders across the trading sphere by offering a diverse range of trading assets. They leave no stone unturned, providing an abundance of opportunities for traders.

Let's explore the complete landscape:

  • Forex: With Exness, you can delve into the thrilling world of the foreign exchange market, trading up to 107 currency pairs.
  • Stocks and Indices: The brokerage offers an impressive selection of more than 81 stocks and indices, enabling you to seize opportunities across different markets.
  • Cryptocurrencies: Embrace the digital revolution with Exness as you gain access to trade cryptocurrencies like BTC, XRP, LTC, and ETH.
  • Metals and Energies: Broaden your trading horizons by venturing into metals and energies. Exness grants you the opportunity to trade precious metals such as gold, silver, platinum, and palladium, as well as energies.

At Exness, they believe in providing traders with a comprehensive array of trading instruments, ensuring that you have the necessary tools to explore and capitalize on various market opportunities.

Exness Compliance & Regulation

Exness stands out as an unparalleled foreign exchange brokerage, renowned for its unwavering commitment to safety and security. Regulated by some of the most stringent authorities, Exness ensures your peace of mind. Let's delve into the regulatory landscape:

Firstly, we have the Cyprus Securities and Exchange Commission (CySEC), which closely oversees and regulates Exness operations.

Secondly, the Financial Conduct Authority (FCA) plays a crucial role in regulating Exness, specifically in the United Kingdom.

But wait, there's more!

Exness goes above and beyond by providing segregated reports and annual reports, further strengthening their commitment to transparency and accountability.

It's important to note that Exness adheres to different regulatory frameworks in different continents. In the European region, the broker is regulated by CySEC. In the United Kingdom, it falls under the purview of the FCA.

When you choose Exness as your trading partner, rest assured that the safety of your capital is their top priority. So relax and trade the market with confidence, knowing that your funds are in trusted hands.

Exness Service Details

Supported Languages English, Chinese, Thai, Vietnamese, Arabic, Bengali, Hindi and Urdu
Customer Service By Live Chat
Service Hours 24/7
Email Response support@exness.com

Exness Trading And Investment Tools

One Click Trading Yes
Stop Order Yes
Limit Order Yes
Trade off Charts Yes
Market Order Yes
24hr Trading Yes
Email Alerts Yes
Trailing Stop Order Yes
Charting Package Yes
Mobile Alerts Yes
OCO Orders Yes
Streaming News Feed Yes

Exness Pricing

Account Types:

Exness offers a range of account types to cater to the diverse needs of traders. Whether you are a beginner or a professional trader, you can find an account type that suits your trading style and preferences. The account types include:

  • Micro Account: Ideal for beginners, this account type allows you to trade with smaller lot sizes and offers competitive spreads.

  • Standard Account: Designed for more experienced traders, the standard account provides access to a wider range of trading instruments and additional features.

  • Raw Spread Account: This account type is suitable for advanced traders who require direct market access and tight spreads.

Deposit and Withdrawal Options:

Exness prioritizes seamless transactions for traders, ensuring that depositing and withdrawing funds is hassle-free. They offer a wide range of transaction methods, leaving no room for additional difficulties.

Here are the available options:

  • Web Money
  • All types of cards, including Credit, Debit, MasterCard, and Visa
  • Direct bank transfer
  • Neteller
  • Skrill
  • Perfect Money

Please note: During the withdrawal process, a nominal fee will be deducted based on the net amount. The specific charge is determined by the transaction amount. Additionally, it is important to ensure that the chosen payment method complies with the Anti-Money Laundering (AML) regulations.

With Exness, you can rest assured that your financial transactions are conducted with convenience and in accordance with the necessary regulations.

Deposit Methods

Withdrawl Methods

FAQ Section

+

Exness offers 4 types of trading accounts: Cent, Mini, Classic, and ECN. There is no minimum deposit requirement for Mini accounts while Classic accounts require a minimum deposit of $2000 whereas ECN accounts can be opened for just $300.

+

How to withdraw from your Exness account

  1. Log in to your Exness Personal Area on our home page.

  2. Click on the Withdrawal section.

  3. Select the payment system you wish to use.

  4. In the pop-up menu that appears, select the account you wish to withdraw from.

  5. Choose the currency of your payment system.
+

Exness is a Forex Broker that offers people online Forex services on many different platforms such as MT4, MT5, Web, and Mobile platforms. Exness is founded in 2008 by a group of finance and information technology professionals. The founder of Exness is Petr Valov.

+

Exness is considered average-risk, with an overall Trust Score of 73 out of 99. Exness is not publicly traded and does not operate a bank. Exness is authorized by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust).

+

While Exness also allows scalping and hedging. You can trade with EAs (expert advisors) on both XM Group and Exness. In terms of risk management tools, XM Group does offer negative balance protection to prevent you owing to your broker more than you've deposited, but Exness doesn't offer this.

+

Exness spreads are very low

So all information was published on its website is accurate 100%. If you trade fixes spread currently pairs, Exness offers the lowest spread. They only charge 0.5 pip for EURUSD. For the ECN account, Exness only charges 2.5$ for each lot.

+

YOU CAN USE EA FOR TRADING AT EXNESS

You can install any EA you want. You also can ask for free VPS to host your EA which runs 24/7. You also can install robot trading.

+

Exness Review. Exness is a MetaTrader-only broker regulated in the EU offering multiple account types and forex pairs, but its offering lacks the range of CFDs forex brokers typically offer.

Exness User Experience

Customer Support:

Exness sets the bar high as a brokerage by offering an active and effective customer support program. They understand the importance of addressing traders' inquiries promptly and comprehensively.

For any trading-related queries, Exness provides a live chat feature that operates 24/5, ensuring assistance is just a click away.

Furthermore, Exness maintains an official presence across various social media platforms, including Facebook, Instagram, Twitter, LinkedIn, YouTube, and Telegram. Join their official community to stay updated and engage with fellow traders.

Research and Education:

Exness takes pride in its commitment to providing educational support to traders, surpassing expectations in this regard. Their dedicated academy is a treasure trove of essential educational materials. Whether you're seeking trading guides, insightful blogs, informative webinars, or even the fundamentals of trading indicators, Exness has you covered.

In addition, they offer demo trading accounts that prove immensely valuable in experiencing a live trading environment. These accounts are widely used by professional traders for backtesting their trading strategies, allowing you to fine-tune your approach.

With Exness, you not only benefit from robust customer support but also gain access to a wealth of educational resources to enhance your trading journey.

Conclusion:

Exness is a reputable and reliable online broker that offers a wide range of trading opportunities and services. With its user-friendly platforms, diverse account types, extensive asset coverage, and commitment to customer satisfaction, Exness stands out as a preferred choice for both beginner and experienced traders. The broker's regulatory compliance, secure payment options, and excellent customer support further enhance the overall trading experience.

Add Your Review

4.0
Add your review

User Reviews

Our User Reviews Section is a great way to learn more about our brokers and services from people who have already used them. We encourage our customers to leave honest feedback about their experiences, so that you can make an informed decision about whether or not to purchase from us.

Trader Jane

| Vietnam

Great customer support

5

27 Aug, 2024

Zanele Mtshali

|

Decent Trading Experience, but High Fees

My experience with Exness has been mostly positive, but the trading fees are on the higher side. The $3 per trade adds up quickly, making it less appealing for frequent traders.

3

26 Aug, 2024