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Exness Broker Review

Exness Broker Review Headquartered in Cyprus, Exness is a successful, industry-leading broker that provides its global clients with a vast array of tradable assets. Featuring forex, cryptocurrencies, stocks, indices, energies and metals, the 13-year-old brand’s wide-ranging collection of financial products has kept its more than 178,000 active traders happy regardless of their risk tolerance, strategies and preferences. Other than its outstanding profile of instruments, Exness’ high level of customer satisfaction lies in the flexibility and security it brings about. With no minimum deposit and unlimited leverage, the broker provides the ideal trading conditions for both newcomers and seasoned traders to take advantage of. Every trader wants to keep their funds in a safe and secure environment, and Exness is offering just that. Regulated by financial authorities of South Africa, Cyprus, Seychelles and the UK, Exness’ operations and financial standards are internationally recognised. Having clients’ funds segregated from corporate funds, the firm has ensured that money deposited at Exness is protected.

Exness Pros & Cons

Pros: Licensed by CySEC, FCA, Seychelles FSA and FSCA A wide range of tradable instruments An impressive selection of 107 forex pairs Segregation of clients’ funds Deloitte-audited financial reports published every quarter

Cons:

B2C services are unavailable in the UK and EU No bonuses or promotions

Regulations and Security

Exness is licensed by the Financial Conduct Authority (FCA), Cyprus Security and Exchange Commission (CySEC), Seychelles Financial Services Authority (FSA) and Financial Sector Conduct Authority (FSCA). The FCA and CySEC regulate the company’s B2B operations, whilst the South African and Seychelles regulatory authorities apply to the broker’s B2C division. Regulations have ensured that the funds of Exness’ traders are safe and secure. The Cyprus-headquartered firm’s regular financial reports further confirm the security of Exness. A believer in transparency and openness, the multi-asset broker is a pioneer in performing financial audits and publishing audit reports in the trading scene. Big Four accounting firm Deloitte verifies Exness’ financial statements every quarter, confirming the accuracy and validity of the company’s account funds. The verified financial reports are published on the broker’s website for Exness’ traders to view.

Create Exness Accounts: Types of Accounts

Catering to a wide spectrum of traders with various levels of experience, Exness offers six different types of trading accounts to suit the needs of its diverse clientele. The six account types are divided into two categories: Standard and Pro.

Standard Accounts

Standard accounts are suitable for newcomers who are not ready to invest a huge sum of money in trading. The three types of Standard accounts offered are Standard Cent, Standard and Standard Plus accounts.

Exness Standard Cent Account

The Exness Standard Cent account is particularly attractive to novice traders because it allows them to open an order for a 0.01 cent lot. This enables beginners to practice trading CFDs by investing a small amount of capital. Account holders can open a position for no more than 200 cent lots. They can maintain a maximum of 1,000 open market orders simultaneously. The Exness Standard Cent account is commission-free and compatible with the intuitive MT4 trading platform. Featuring unlimited leverage, the Exness Standard Cent account allows its holders to trade any available metals and forex pairs.

Exness Standard Account

Unlike the Exness Standard Cent account, the Exness Standard account enables holders to trade CFDs on all financial instruments that the broker offers, including forex, cryptocurrencies, metals, indices, stocks and energies. The account is compatible with both MT4 and MT5 and provides unlimited leverage to Exness traders who opt to trade on the former. Exness Standard account holders trading on MT5 are allowed maximum leverage of 1:2000. Same as the Exness Standard Cent account, the Standard account does not involve any trading commissions. However, traders have to open a position for at least 0.01 lot. The Exness Standard account is perfect for newcomers who do not mind investing a little more to explore a wider range of tradable assets.

Exness Standard Plus Account

Exness traders who register under the broker’s over 500 recognised partners can enjoy the luxury of having an exclusive Standard Plus account. Unavailable for ordinary clients, the Standard Plus account offers unique features and benefits that only its holders can take advantage of. The Standard Plus account is more expensive than the other two variants: it has a minimum spread of 1 pip, whilst the Standard Cent and Standard accounts have a minimum spread of 0.3 pip. Nevertheless, traders involved in the company’s partnership programme are likely to find the Standard Plus account attractive. When the clients of an Exness partner trade on a Standard Plus account, the partner will be rewarded with a higher commission.

Pro Accounts

Exness Pro accounts appeal to experienced traders thanks to their extremely low spreads starting from 0.0 pips. This account category requires a higher minimum deposit than their Standard counterpart. Traders are required to fulfil different minimum deposit requirements depending on their country of registration. For example, if a trader registers a Pro account in Vietnam or Singapore, they will be subject to a minimum deposit of USD 200. Traders opening Pro accounts from Sri Lanka, Maldives or Pakistan are asked to deposit a minimum of USD 500 before they can open their first order. Pro accounts registered in Macao, Hong Kong or Taiwan require their holders to deposit at least USD 3,000 to open a position. Exness offers three different types of Pro accounts, namely Pro, Raw Spread and Zero.

Exness Pro Account

Featuring instant executions, the Exness Pro account is one of the most sought-after account types amongst seasoned traders. With instant executions, traders can have their orders executed at their requested prices. The ability to enter the markets at a fixed price enables traders to adopt specific strategies. The Exness Pro account is the only account type that provides instant executions.

Exness Raw Spread account

The uniqueness of the Exness Raw Spread account stems from its incredible minimum spread of 0.0 pips. Account holders are free to trade CFDs on the broker’s full range of financial instruments. They can enjoy unlimited leverage if they opt to trade on the MT4 platform, whilst those who trade on MT5 are allowed leverage of up to 1:2000. A fixed trading commission of up to USD 3.5 per lot per side applies to the Exness Raw Spread account. Traders using this account type have to open a position for a minimum of 0.01 lot.

Exness Zero Account

The enticing Exness Zero account provides zero-spread trading for the broker’s top 30 tradable assets 95% of the day. When market volatility allows, account holders can also trade the rest of the financial products spread-free during 50% of the trading period. Traders who choose to trade through the Exness Zero account are subject to a minimum commission of USD 3.5 per lot per side. The financial instrument traded determines the commission size.

Exness Demo Accounts

Newcomers who wish to get to know how financial markets operate before diving into trading will not be disappointed with Exness: the broker’s free demo trading accounts accurately simulates the conditions of live markets. The only difference between trading on an Exness demo account and a real account is that traders will not be risking any real capital when trading through the former. Novice traders can learn how to watch the markets and develop their skills without breaking the bank. Available on both MT4 and MT5, Exness demo accounts offer the same features found on a real account. The only exception is that rather than deposit, withdrawal and transfer, traders are given the option to set their balance before they start exploring the simulated market. Demo accounts are not only a powerful tool for beginners but also seasoned traders. They create a perfect environment for anyone to analyse charts, test new strategies and gain confidence without laying real funds on the line.

Trading Platforms

Trading with Exness means having a variety of trading platforms at your fingertips. Apart from the renowned MT4 and MT5, you will have trading platforms and mobile trading app from Exness’ own brand at your disposal.

Exness MetaTrader 4 (MT4)

MetaTrader 4 is a product of MetaQuotes Software and is the trusted trading platform of traders across the globe. MT4 gains its reputation by providing practical, user-friendly features that enable traders to optimise and implement their trading strategies. With Exness MT4, clients can have access to instant and market executions, analytic tools such as scripts and indicators, as well as Expert Advisors (EA). To download MT4, traders can simply visit the broker’s website, where they can find instructions on how to install the trading platform on Windows and Linux. Traders can also download the Mac, Windows or Linux versions of MT4 through their Personal Area.

Exness MetaTrader 5 (MT5)

Also developed by MetaQuotes, MetaTrader 5 is the upgraded version of MetaTrader 4. MT5 features enhanced functionality and an improved interface. Thanks to its independent history and execution servers, MT5 offers robust stability during trading. Traders who wish to download Exness MT5 can do so on the broker’s website. Same as MT4, MT5 is compatible with both Windows and Linux operating systems.

Differences between MT4 and MT5

As mentioned earlier, MT5 is the enhanced version of MT4. The more developed trading platform boasts many additional features that are unavailable on MT4. Exness MT4 features six pending orders (Buy Stop, Sell Stop, Buy Limit, Sell Limit, Take Profit and Stop Loss). MT5 not only provides traders with the six pending orders available on MT4 but also two additional pending orders, namely Buy Stop Limit and Sell Stop Limit. Exness MT5 offers a built-in Economic Calendar, which is unavailable on MT4. Whilst MT4 has nine default time frames, traders can customise 12 time frames on MT5 in addition to those available by default. Customisation is not possible on MT4. MT5 is stabler than MT4 during trading because of its separate history and execution servers. MT4 uses only one server for execution, history and ticks. Despite the many advantages of Exness MT5, trading on MT5 subjects traders to maximum leverage of 1:2000, whilst MT4 offers unlimited leverage.

MetaTrader WebTerminals

Other than their desktop versions, MT4 and MT5 are available on web browsers: the MetaTrader WebTerminals allows Exness traders to trade effortlessly on any devices without downloading the MT4 or MT5 applications. Although the WebTerminals are installation-free and easy to use, they do not come with as many features as their desktop counterparts. Indicators are available on both the desktop and web versions of MT4 and MT5, but Experts Advisors, Scripts, Signals and Trailing Stop are only featured on the desktop versions.

MetaTrader Mobile Apps

Exness has not forgotten about their on-the-go traders: the MT4 and MT5 trading platforms are available to be downloaded onto mobile devices. Compatible with iOS and Android, the MT4 and MT5 mobile apps make it possible for traders to utilise all types of orders. They can make the optimal trading decisions with the help of charts, built-in indicators and financial market news. Traders can also keep track of their trade history in the journal.

Exness Multiterminal

Exness understands its customers’ need to stay organised, and therefore it has introduced the Multiterminal - a free platform that allows traders to simultaneously manage a maximum of 128 real accounts and ten demo accounts. The Exness Multiterminal is tailored for professional traders handling multiple accounts at the same time. It also makes the lives of those looking after their clients’ accounts easier. The Multiterminal can be applied to the same account types, for instance, three Standard accounts. It can also be applied to financial products with the same suffixes on different account types. For example, traders can trade GBPUSD with both Zero and Raw Spread accounts through the Multiterminal. The Multiterminal is only compatible with MT4 accounts and Windows, providing basic MT4 features. The Exness MT4 Multiterminal does not offer any indicators, charts, scripts, signals, EAs or trailing stop.

Exness Web Terminal

Similar to the MetaTrader WebTerminals, the Exness Web Terminal is the web version of MT5. Tailored to both desktop and mobile, the online terminal is developed entirely by the multi-asset broker. This gives the firm enough room to continuously perfect the tool and optimise the user experience it provides. The Exness Web Terminal supports Standard, Standard Plus, Raw Spread, Zero and Pro accounts.

The Exness Trader

The Exness Trader is Exness’ signature mobile trading app. Designed to deliver an enjoyable trading experience unrestricted by time and space, the Exness app allows traders to access all the functions featured on the Exness website. Users can open and verify new trading accounts as well as manage existing accounts. They can deposit, withdraw and execute internal transfers. Traders can also open new positions and look after their current orders via the Exness app. The Exness Trader is committed to exposing its users to the most important market information. This explains why the Exness app is packed with powerful tools for both fundamental and technical analysis. Its real-time notifications are an impressive feature that effectively helps traders stay up to date with the market. After a price alert is set, users will be instantly notified once the price of an instrument reaches a specific threshold. Its latest feature Traders’ Sentiment provides insights into the attitude of fellow traders towards the direction of a particular trading instrument. It informs users of the percentages of buy and sell orders of the financial asset in the past couple of hours. The more recent trades have a greater impact on the percentages. Traders’ Sentiment is highly effective in helping traders analyse the latest trends in the markets.

Exness Markets

Exness Markets, another mobile app developed by Exness, is an alternative to the Exness Trader. It offers CFDs on instruments such as energies, stocks, metals and indices. Users of Exness Markets can open and verify new accounts, open new orders and access analytic tools such as the Economic Calendar. Nevertheless, cryptocurrencies and forex pairs are unavailable on this Exness app.

Trading Instruments

Exness’ selection of financial instruments is one of the most diverse amongst brokers. Featuring CFDs on stocks, indices, energies, metals, forex and cryptocurrencies, the multi-asset broker’s collection of tradable assets can fulfil the needs of every kind of traders.

Forex

Offering as many as 107 currency pairs, Exness’ impressive forex market coverage provides plenty of trading opportunities to forex lovers. Exness’ forex collection features seven major pairs. They include EURUSD, AUDUSD and USDJPY. As for minor pairs (popular currency pairs without USD), there are 25 of them in total, including EURGBP, GBPJPY and GBPAUD. Exness also has 75 exotic pairs in its forex range, such as AUDMXN, CADNOK and DKKJPY. Thanks to the variety of currency pairs, forex trading is one of Exness clients’ favourite activities.

Metals

Despite the rise of new, fast-growing tradable assets such as cryptocurrencies, the popularity of high-valued metals has shown no signs of dying. There are ten metal pairs available for CFDs at Exness, including XAGAUD, XAUGBP and XPDUSD.

Cryptocurrencies

Cryptocurrencies have undoubtedly taken the world by storm in the last couple of years. To respond to the latest trends in the financial markets, Exness has included seven cryptocurrencies in its range of instruments. Bitcoin, Bitcoin Cash, Ripple and Ethereum are a few examples.

Energies

Energies are volatile instruments that are popular amongst traders who are after a diverse portfolio. There are only two types of energies offered for CFDs: West Texas Intermediate (USOIL) and Brent Crude (UKOIL).

Stocks

Exness’ outstanding collection of 70 stocks include the much sought-after Tesla, Apple, Facebook and Johnson & Johnson.

Indices

Exness clients can trade CFDs on 13 indices, including US Dollar Index, Hang Seng Index and Nikkei 225. Some indices are only tradable on specific account types and trading terminals. For instance, S&P 500 and Dow Jones Industrial Average can only be traded on MT4 via Standard and Pro accounts.

Exness Trading Tools

It is Exness’ goal to provide a fuss-free trading experience for every one of its clients. Hence the broker has introduced a comprehensive set of trading tools to provide traders with key market information. At Exness, clients have access to tools for both technical and fundamental analysis. There are also several other essential tools at their disposal.

Exness Trader’s Calculator

A useful tool for all traders, Exness’ Trader’s Calculator calculates the basics of trading positions in no time, such as pip value, margin, swap long and swap short. The Exness Calculator is compatible with all account types and any financial product available at Exness. It comes in handy when traders have multiple positions opened on different tradable assets.

Exness Economic Calendar

When it comes to the go-to tools for fundamental analysis, no traders will forget about the Exness Economic Calendar. The user-friendly tool allows traders to keep track of multiple currencies and the events that may impact the performance of those currencies. GDP announcements and interest rate decisions are two examples of these market-moving events.

Currency Converter

The Currency Converter makes currency conversions quick and easy. The tool is updated in real-time so its users can always view the most recent conversion rates. Traders can view the conversion rates of six currencies at a time using the Currency Converter. The homepage of exness.com features a simplified version of the useful tool. It allows users to convert Exness’ top six currencies, including USD, GBP, EUR, JPY, RUB and CHF.

Trading Central WebTV

Powered by the reputable Trading Central, Trading Central WebTV is a must-have for in-depth market analysis. It is essentially a video stream of industry news broadcasted live from the New York Stock Exchange. Traders can watch Trading Central WebTV in four different languages, including Russian, English, Arabic and Simplified Chinese.

Exness VPS Hosting

Traders who want their trailing stops to function with no interruption will not be disappointed with Exness: the broker provides its clients with a free VPS as long as they have satisfied several requirements. The Exness VPS enables traders to connect to a remote terminal and use it as if they were trading from their desktops. Since the server of the remote terminal is located in proximity to Exness’ main servers, it generates a robust connection that allows trailing stops to function continuously. The powerful internet connection is also great for the use of EAs and scripts.

Registering with Exness

To allow its customers to start trading in no time, Exness has kept its registration process simple and straightforward. Traders can register for an Exness account in a few easy steps.

Opening an Account

The registration form on the right sidebar of exness.com offers a speedy way for traders to open an account. Traders will be asked to select their country of residence, fill in an email address and create a password. After that, they can choose whether to open a demo or a real account. Exness customers can also register for an account by clicking the ‘Start Now’ button on the homepage. The button will take them to the general registration page. They will then be required to select their country of residence, choose a password and submit an email address. Last but not least, traders can open a trading account from the homepage’s account types descriptions. To register for an account using this method, the first step is to choose whether you are after a Standard or Pro account by clicking the ‘arrow’ button. You will then be taken to a corresponding page that displays the available Pro or Standard accounts. Select your desired account and click ‘Open an Account.’ Finally, fill in the required fields on the general registration page to complete the registration.

KYC Verifications

Exness requires its new customers to verify their identities within 30 days from their first deposit. They are asked to submit proof of identity and residence. They are also expected to complete their economic profile within 30 days. The 30-day period for clients based in India, UAE, Brazil and South Africa will start after they have made their second deposit. Customers who have filled in their economic profile and provided proof of identity will have their deposit limit raised from USD 2,000 to USD 50,000 per Personal Area. Clients can deposit without any restrictions after they have fulfilled all the KYC requirements. Traders failing to complete the KYC verification process within the 3045 days will not be allowed to open orders or make deposits. Their accounts will be reactivated as soon as they have finished verifying their profiles. Straightforward but rigorous, Exness’ KYC verification process helps construct a secure trading environment without putting traders off with complicated procedures.

Deposits and Withdrawals

To make transactions as convenient as possible, Exness provides a wide range of payment options for its clients to choose from.

Exness Minimum Deposit and Withdrawal

Holders of different types of accounts are subject to different minimum deposit requirements. Traders holding Standard accounts have to deposit a minimum of USD 1. As for Pro accounts, holders have to deposit at least USD 200. The minimum deposit for Exness also varies with payment methods. For example, traders who have opted for Perfect Money have to deposit USD 50 or more each time, whilst bank card users are required to deposit at least USD 3. When it comes to Exness’ minimum withdrawal requirements, they also vary with payment methods. For example, bank card users have to withdraw a minimum of USD 3, whilst users of Skrill and Perfect Money are asked to withdraw at least USD 10 and USD 2 each time respectively. Traders are required to withdraw and deposit using the same payment method.

Electronic Payment Systems

Exness traders can deposit and withdraw using several different electronic payment systems (EPS), namely Perfect Money, WebMoney, Neteller and Skrill. Traders can enjoy instant deposits and withdrawals using EPS: their transactions are automatically processed in a matter of seconds. Another benefit of using EPS is that they involve no commission fee. Nevertheless, users of Perfect Money and Skrill will have to pay a withdrawal fee when withdrawing through the two payment options. Another disadvantage of EPS is that Exness clients located in certain countries and regions may be restricted from using EPS.

Cryptocurrencies

Exness accepts Bitcoin and Tether as payment methods. Both cryptocurrencies have a minimum deposit requirement of USD 10. Exness customers who wish to deposit and withdraw via Bitcoin are required to do so using an Exness Bitcoin Wallet. Designed solely for internal transfers, deposits and withdrawals, the Exness Bitcoin wallet cannot be used for trading.

Internal Transfers

Exness allows traders to transfer their funds from one account to another. Internal transfers take place between trading accounts within one Personal Area. Exness clients can also send funds across different Personal Areas. Internal transfers allow easy distribution of funds when trading through multiple accounts. They give traders plenty of flexibility when managing their money at Exness.

Local Payment Systems

Having a global client base, Exness offers a vast array of local payment systems to cater to the needs of customers based in different countries. Traders based in Thailand, Bangladesh, China, Indonesia, Korea, Japan, China, India, Vietnam, Laos, the Philippines and a range of African and Latin American countries are encouraged to perform transactions in their local currency. The availability of local payment systems brings about a convenient, customised trading experience.

Bank Card

The security of bank cards has made them an irreplaceable payment method. Exness accepts both electronic and physical credit and debit cards (VISA, MasterCard and JCB). Deposits through bank cards are instant, but instant withdrawals are not supported. Please be noted that Exness does not accept American debit and credit cards. Traders choosing to use bank cards to support their transactions will also have to go through full document verification.

Exness Bonuses and Promotions

Bonuses at Exness are known as ‘credits.’ The broker’s bonus programmes have stopped accepting new registrations at the time of writing. Although there are no plans to relaunch the programmes, traders who have signed up before the registration closed are still able to receive Exness’ trading bonus and deposit bonus.

General Information

Offices

Exness’ global offices are distributed across Cyprus, Seychelles, South Africa and the UK. Located in Limassol, Cyprus, Exness CY Limited is the headquarters of Exness. It is regulated by Cyprus’ financial authority Cyprus Securities and Exchange Commission. Exness UK Limited has its office set up in London, England. Regulated by the Financial Conduct Authority, it looks after the broker’s B2B division. Exness’ offices in South Africa and Seychelles are responsible for the broker’s B2C operations. Registered in Eden Island, Seychelles, Nymstar Limited is licensed by the Seychelles Financial Services Authority. Together with the FSCA-regulated Vlerizo (Pty) Limited, the two offices provide high-quality B2C services to Exness’ international clients.

Contacts

Exness support is accessible through several channels as listed below. Exness Official Websites: www.exness.com www.exness.eu www.exness.uk Exness Email Addresses: [email protected] [email protected] [email protected] Exness Call Centre: +357 25 030 959 (Cyprus) +44 203 318 6028 (UK) Exness Live Support: Visit www.exness.com to access Exness’ live chat support, available in 17 languages.

FAQ

Is Exness regulated?

Exness is regulated by the financial authorities of South Africa, Seychelles, Cyprus and the UK. Nymstar Limited, the broker’s Seychelles entity, is authorised by the FSA. Its South African entity Vlerizo (Pty) Limited is regulated by the FSCA, whilst Exness CY Limited and Exness UK Limited are licensed by CySEC and the FCA respectively.

Is Exness trustworthy?

Exness is licensed by four reputed financial regulators, Exness’ trading environment is proven to be safe and secure. The broker’s financial reports (verified by Deloitte), statistics and tick history are also published on its website for public viewing. Exness’ transparency has made it a trustworthy broker.

How do I open an Exness demo account?

First, create an Exness Personal Area and log in. Second, go to ‘My Accounts’ and click ‘Demo.’ Select ‘Open New Account,’ choose your desired account type and click ‘Try Demo.’ Third, select your preferred trading platform, choose your account currency and create your password. You will also be creating your account nickname and setting your starting balance and leverage. After filling in all the required fields, click ‘Create an Account’ to start using your demo account.

What is the minimum deposit at Exness?

Exness’ Standard accounts do not come with a minimum deposit. However, traders may be subject to minimum deposit requirements associated with their chosen payment method. Bank card users, for example, have to deposit at least USD 3, whilst users of WebMoney and Neteller are required to deposit a minimum of USD 10 each time. Exness clients who have chosen to use Perfect Money as their payment method are subject to a minimum deposit of USD 50. Exness’ Pro accounts, on the other hand, require a minimum deposit ranging between USD 200 to USD 3,000 depending on the country they are registered from. For instance, Pro accounts registered in Vietnam have a minimum deposit of USD 200, whilst those registered in Japan require traders to deposit at least USD 1,000.

How many days does a withdrawal at Exness take?

The withdrawal speed varies with payment methods. EPS allows instant withdrawals, but withdrawals through cryptocurrencies may take up to 72 hours to process. Traders who withdraw using bank cards are expected to wait for between three to five business days before receiving their funds.