Exness

35% of the account Deposit
Payouts:
Min Deposit: $1

Exness

  • Tight spreads
  • Dealing desk broker
  • Funds stored in segregated accounts
  • Over 130 currency pairs
  • Regulated by Curacao, BVI, Mauritius, South Africa, Seychelles, Cyprus, and the United Kingdom
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Details

Broker Exness
Website URL https://www.exness.com
Founded 2008
Headquarters Limassol, Cyprus
Support Number 0800 014 8528
Support Types email , telephone , chat
Languages English , Chinese , Thai
Trading Platform MT4 | MT5
Minimum 1st Deposit $1
Minimum Account Size $1
Minimum Trade Amount 0.01
Bonus 35% of the account Deposit
Leverage 1:30
Spread From 0 Pips
Free Demo Account Open Demo
Regulated Yes
Regulation CySEC, FCA, SFSA
Account Types Standard Cent , Standard , Zero , Pro , Raw Spread
US Traders Allowed No
Overall Score 3

Pros

  • Tight spreads
  • Dealing desk broker
  • Funds stored in segregated accounts
  • Over 130 currency pairs
  • Regulated by Curacao, BVI, Mauritius, South Africa, Seychelles, Cyprus, and the United Kingdom

Cons

  • Multi-currency accounts missing

Our Review

  1. What is Exness?
  2. Exness Pros and Cons
  3. Is Exness Safe or a scam?
  4. Is Exness Regulated?
  5. Leverage
  6. Awards
  7. How to Open An Exness Account
  8. Types Of Accounts
  9. Spreads and Commissions
  10. Deposits and Withdrawals
  11. Trading Instruments
  12. Research
  13. Education
  14. Customer Support
  15. Conclusion

Exness Review

Established back in 2008, Exness is a leading Forex and CFD broker. The company has enjoyed incredible growth over the past few years and is currently licensed by 7 regulatory authorities. There is a wide variety of assets to trade. Check out this review to find out whether Exness will be a great option as your online trading broker.

What is Exness?

Exness is a joint brand name of Vlerizo (Pty) Ltd and Nymstar Limited. Vlerizo Ltd is a financial service provider that’s licensed by the South African Financial Sector Conduct Authority (FSCA). On the other hand, Nymstar Ltd is a Securities Dealer that’s licensed by the Financial Services Authority (FSA) in Seychelles.

Exness offers users a chance to trade more than 200 instruments including cryptocurrencies, metals, energies, indices, shares, and Forex. Users get a chance to choose from five different types of accounts under two main account categories (Professional and Standard). Exness offers MT4 users unlimited leverage and competitive spreads.

Islamic (Swap Free) and Demo accounts are available. The broker offers a wide selection of payment methods. You can deposit or withdraw your earnings via cryptocurrencies, WebMoney, Skrill Perfect Money, and Neteller and Credit/Debit Cards.

The superb customer support is available 24 hours 7 days a week via phone, email, and live chat. Also, there’s a detailed FAQ section on the Exness website. Exness also provides numerous trading features like a downloadable Tick History, Trading Calculators, Social Trading, and the Virtual Private Server. Moreover, the education and research material is jam-packed with impressive content including webinars, Exness Academy, Economic Calendar, Insights and Analysis, News, and Analytics.

Exness Pros and Cons

Pros

  • Tight spreads
  • Dealing desk broker
  • Funds stored in segregated accounts
  • Over 130 currency pairs
  • Regulated by Curacao, BVI, Mauritius, South Africa, Seychelles, Cyprus, and the United Kingdom

Cons

  • Multi-currency accounts missing

Is Exness Safe or A Scam?

Exness provides a safe trading environment for traders who can’t tolerate any downtime or interruptions within their strategies. In addition, users can rest assured that Exness strives to ensure your funds are securely stored in segregated accounts. Regulated by leading authorities such as CySEC and FCA, there’s no doubt that Exness is one of the most trusted online trading platforms around the world.

Finally, no online broker can say they are safe if they don’t have customer service that’s available around the clock. This is one of the areas where Exness excels. Traders who experience any challenges while using the platform can easily get in touch with friendly customer support representatives.

Exness provides further security of trader funds by adhering to the following regulatory requirements:

  • A protection policy for negative balances
  • Storing funds in a segregated account

Exness strives to ensure all traders are 100% safe. To provide good security, Exness employs the two-factor authentication approach to protect user login details. To ensure the trading accounts remain safe and secure, Exness has developed advanced security methods and optimal systems that control user authentication and checks to ensure all the trades are executed by account owners and not unauthorised parties.

Is Exness Regulated?

As mentioned earlier, Exness is authorised and regulated by some of the most reputed regulatory agencies such as the Cyprus Securities and Exchange Commission (CySEC) and the UK Financial Conduct Authority (FCA). Furthermore, Exness is licensed as a Securities Dealer by the FSCA and the FSA. It has over the years managed to enter into different jurisdictions across the globe.

Leverage

Leverage is a feature that allows a user to get a larger exposure to the financial trading market than the amount they had deposited in their account to trade. The leveraged products boost traders’ chances to earn more profits but also increase the possibility of a loss. Technically, the leverage amount is usually expressed as a ratio. For example, 500:1, 100:1, or 50:1: presuming that a trader has $100 in his/her account and starts trading ticket sizes of about 5,000 USD/JPY, that leverage is equal to 50:1.

Nevertheless, as one of the leading FX brokers, Exness can offer high leverage depending on the country where you live.
The broker offers unlimited leverage on all types of accounts. As of the time of writing this Exness review, the broker was offering 1:2000 leverage, which is the highest leverage you’ll find out there. There’s a calculator that computes the margin needs and maximum leverage depending on the user’s account equity. With such a high leverage level, Exness offers traders a chance to greatly increase their profits.

Awards

Exness has over the years won several awards. Here are some of the latest awards.

  • Global Forex broker of the year in 2019
  • Most transparent Forex broker in 2019

How To Open An Exness Account?

Exness provides five types of accounts that are classified into two primary accounts (Professional and Standard). Professional Accounts are a reserve of seasoned traders while the standard accounts are often designed for newbies. Islamic and Demo accounts are available too. The standard accounts are divided into two including the Standard and Standard Cent.

On the other hand, the professional accounts are divided into three including Pro, Zero, and Raw Spread. The process of opening a new account is pretty simple. You just have to visit the official website and click ‘Open A Live Account’ button. You’ll then be instructed on the steps to follow to sign up. Here are the steps you can follow to open an Exness account.

  • Sign up (Your Name, email, and password)
  • Email verification
  • Phone verification
  • Enter personal details (name, physical address, and date of birth)
  • User profile (questions about previous trading experience, financial information, and employment status).
  • Verification of documents (proof of identity and residence)t

Exness South African and Seychelles branches don’t offer brokerage services to traders residing in the following countries: Finland, New Zealand, American Samoa, Puerto Rico, Vatican, Guam, Israel, Malaysia, Denmark, Curacao, South Sudan, Sweden, Spain, Monaco, Malta, Portugal, the United Kingdom, Poland, Estonia, Germany, Denmark, France, Bulgaria, Greece and many more.

Types Of Accounts

Exness has a wide variety of user accounts to offer its traders. These accounts are designed to fit every user interested in financial trading. As mentioned earlier, Exness accounts are divided into two main types, created to suit every trader. Following are the five types of accounts:

  • Exness standard
  • Exness standard Cent
  • Exness Pro
  • Exness Zero
  • Exness Raw Spread

Exness Standard Cent Account

This is the best choice for new traders because it comes with all the features you need to kick start your trading venture. Be it the slippage, spread, or price volatility, Standard Cent offers you a fair knowledge of exactly what Forex trading is all about.

  • Spreads from 0.3 pips
  • Zero commission fees
  • Unlimited leverage on MT4
  • 60% Margin call

Exness Standard

This type of account is suitable for every trader. This includes both seasoned traders and beginners. About 80% of Exness traders open this type of account.

  • Spreads from 0.3 pips
  • Zero commission fees
  • Unlimited leverage on MT4
  • 60% Margin call

Exness Pro Account

This is the best option for professional traders and specialists who mean serious business in the Forex market. Exness’ website responsiveness and user-friendly interface make it a great place for all traders.

  • Spreads from 0.1 pips
  • Zero commission fees
  • Unlimited leverage on MT4
  • 30% Margin call

Exness Zero

Also known as the Electronic Communication Network account, Exness allows trading with investors, professionals, and experts.

  • Spreads from 0 pips
  • commission fees (from $3.5 per lot
  • Unlimited leverage on MT4
  • 30% Margin call

Spreads and Commissions

With Exness, the costs of trading vary between the market traded and type of account, but overall commissions and spreads are very competitive. As you’ve noted, the standard Exness accounts are commission-free, whereas Professional accounts have a commission of $3.5 per lot.
Here are the commissions and spreads for every type of account:

For the Islamic accounts, overnight funding fee isn’t charged on the positions, which remain open the entire night starting 22:00 GMT. However, incase the positions remain held over the weekend, a 3 day overnight funding fee is charged on Wednesdays.
Also, Exness charges a €10 monthly fee for inactivity (when your account isn’t accounted for, for over 6 months).

Trading Platforms

Exness offers an impressive range of great trading platforms any savvy trader will be interested in. In this section of this Exness review, we’ve taken a closer look at these Exness trading platforms. Exness gives traders a chance to trade its Web Trading Platform and the widely known MetaTrader 5 and MetaTrader 4 platforms for MAC, Windows, and the Web. Features of Exness web trader

  • No download required
  • Two types of charts
  • Interactive Charts
  • Trade different asset classes

MetaTrader 4 (MT4)

The MT4 is widely known for its remarkable versatility. It’s an approved app that’s used across the globe.

  • Downloadable on the MAC systems
  • More than 30 inbuilt indicators
  • Advanced charting
  • Fully customisable

MetaTrader 5 (MT5)

This is a more advanced MT4 version. It comes with a highly advanced user interface plus extra capabilities for a great experience.

  • Compatible with MAC systems
  • Expert advisors on the desktop platform
  • Over 80 technical indicators
  • 9 timeframes

Mobile Trading Platforms

Exness offers you a chance to trade on their mobile trading platform even while on the go from the MT4 and MT5 mobile trading apps. The MT4 and MT5 are compatible with both iOS and Android systems. This means you can download the app either from Apple AppStore or Google PlayStore. The MT4 and MT5 mobile trading apps come with incredible features including:

  • User-friendly interface
  • Real-time quote streaming
  • Many types of orders are available
  • Trade and also manage an account while on the go

Social Trading

Exness has a social trading app for both iOS and Android that lets traders copy expert traders to benefit from lucrative transactions. While Social Trading doesn’t come with the trading platform, it functions as one whenever traders copy deals. Here investors can find the top-performing investors, view order history, trading conditions, leverage, and compare equity.

Calculator

It helps traders calculate the margin and pip value. It also helps swap short values and long values.

Virtual Private Server (VPS)

The VPS is ideal for traders with automatic trading plans that need ultra-fast execution speed, high security, and exclusive uptime.

Deposits and Withdrawals

Exness offers traders a wide range of payment methods. You can deposit or withdraw your earnings via cryptocurrencies, WebMoney, Skrill perfect money, and Neteller and credit/debit cards.

Payment methods accepted by Exness:

As mentioned earlier, there are various payment methods you can use to deposit funds into your Exness account. However, the minimum deposit varies based on the deposit method used. For instance, the minimum deposit when using crypto, WebMoney, Skrill, and Neteller is $10. The minimum you can deposit with a credit/debit card is $10, while the minimum deposit when using Skrill Perfect Money is $50. Luckily, Exness doesn’t charge any fees for deposits.

Withdrawal Fees

Exness allows you to cash out your earnings using any of the deposit methods mentioned above. The broker doesn’t charge any additional fees for withdrawals. The time it takes for the funds to reach your account varies with the withdrawal method you had chosen. Bankcard Withdrawals can take up to 5 business days.

Trading Instruments

The trading instruments offered by Exness are high quality and accessible. They offer a wide range of trading instruments that stand out from their competition using highly advanced and innovative technologies. As of today, Exness offers the following instruments:

  • Cryptocurrency
  • Oil and gas
  • Metals
  • Indices
  • Stocks
  • Currencies
  • Commodity futures
  • Instafutures

Cryptocurrency

Exness offers CFDs on leading cryptos such as bitcoin, bitcoin cash, ripple, Ethereum, and litecoin.

  • Ripple
  • Litecoin
  • Ethereum
  • Bitcoin
  • Bitcoin Cash

Indices

Traders can access popular indices. These include the Dow Jones industrial average, FTSE 100, S&P 500, among others.

Energies

Users can trade UKOil and USOil contracts.

Stocks

Users can trade CFDs on stocks such as Tesla, Google, Apple, among others.

Forex

Investors can trade palladium, platinum, silver, gold, and other precious metals.

Research

Exness offers remarkable market research including the news provided by the FxStreet, Analytics by Trading Central, and its in-house insights on different markets.
Basically, Exness research includes:

  • Insights: detailed articles covering multiple subjects like Tips for New Traders, weekly Forex data, and technical analysis. The content is available for different trading assets including commodities, stocks, indices, and Forex.
  • News: essential news by Street experts
  • Analytics: the available analytics includes trade signals and set-ups from Trading Central covering different markets including commodities, indices, stocks, and Forex. Potent signals include price targets, key price levels, and potential signals.

Education

Exness provides extensive materials for trader education that includes a glossary, videos, articles, live webinars, and an academy.

  • Glossary: It’s a comprehensive library of important trading terms and their descriptions.
  • Videos: This section features, short, yet detailed videos on important trading areas such as pips and points, swap and carries, margin, leverage, and more.
  • Articles: This includes a wide range of informative articles that cover CFD markets, diversification as well as technical indicators. Every article is either labeled advanced, intermediate, or introductory. This makes it easier for users to choose the right materials based on their trading experience.
  • Webinars: The live webinars usually cover different topics like Candlestick patterns, how to devise a trading strategy, and more.

Customer Support

Exness strives to ensure all users can get help whenever they need any kind of assistance. It’s for this reason the broker provides superb customer support via the contact form, phone, and email. You can also check out the detailed FAQ section to find answers to some of the most commonly asked questions including trading, terminals, payment systems, getting started, and more.

Support services are available in different languages including Russian, Portuguese, Spanish, French, Korean, Japanese, Vietnamese, Bengali, Hindi, Arabic, Indonesia, Thai, Chinese, and English. The live chat facility on their homepage is the quickest way to get help whenever you have an issue that needs to be addressed immediately. You can also contact the support team through any of their social media handles on YouTube, LinkedIn, Twitter, or Facebook.

Conclusion

Exness is a licensed and regulated online trading broker that’s widely known for optimum operational standards and superb service delivery. The broker caters to different types of investors regardless of their experience levels. The types of accounts available are tailored to suit the needs of different traders and the commission fees on trades is pretty low compared to other leading brokers.

Exness is known to offer quality-trading conditions, competitive spreads, low commission fees, and a wide variety of trading instruments. Financial traders will experience one of the safest trading environments and first-class trading platforms that cater to all their needs.

FAQ

Is Exness fully regulated?

Yes, Exness is regulated by CySEC, South African FSCA, and FSA in Seychelles.

What is the minimum deposit for Exness?

The minimum deposit you can make varies with the payment method used. As of now, the least you can deposit is $3.

How do I withdraw my earnings?

Funds can be withdrawn via cryptocurrencies, WebMoney, Skrill Perfect Money, Neteller, credit/debit cards.

Does Exness use MetaTrader platforms?

Yes, Exness uses MT4 and MT5.

How does Exness make profits?

Exness earns money through swaps, commissions, and spreads.

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