Exness is a well-known Forex broker offering trading services in Forex, CFD Stocks, Indices, Commodities, and Cryptocurrencies. In this review, we’ll examine its regulatory compliance and break down its product range. We will also scrutinize its spread, deposit, and withdrawal methods, trading fees, and trading platforms. So, let’s start this Exness review with a brief introduction of the broker.
4.6/5
2008
$10
EXNESS REVIEW
Founded in 2008, Exness offers a diverse range of financial assets, including Forex, CFD stocks, commodities, indices, and cryptocurrencies. It is a highly regulated Forex broker operating under the supervision of several regulatory authorities around the globe.
According to Exness’s website, In May 2023, it recorded an impressive trading volume of $3.35 trillion. During the same month, Exness also witnessed remarkable growth in its active traders list which grew to 515,099.
| Founding Year |
 2008
|
|---|---|
| Regulated |
 Yes
|
| Rating |
4.4/5 |
| Minimum Deposit |
 $10
|
EXNESS REVIEW
Exness operates under the supervision of 7 regulatory authorities around the globe. In Europe, it’s regulated by the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).
Outside Europe, Exness is regulated by the Seychelles Financial Services Authority (FSA), the Central Bank of Curaçao and Sint Maarten, and the Financial Services Commission (FSC) in the British Virgin Islands (BVI).
Additionally, it is also regulated by the Financial Sector Conduct Authority (FSCA) in South Africa and the Capital Markets Authority (CMA) in Kenya.
| COUNTRY | AUTHORITY |
|---|---|
 UK
|
Financial Conduct Authority (FCA) |
Cyprus |
Cyprus Securities and Exchange Commission (CySEC) |
Seychelles |
Financial Supervision Authority (FSA) |
Curaçao and Sint Maarten |
Central Bank of Curaçao and Sint Maarten (CBCS) |
British Virgin Island |
Financial Services Commission (FSC) |
South Africa |
Financial Services Conduct Authority (FSCA) |
Kenya |
Capital Market Authority (CMA) |
EXNESS REVIEW
Exness offers 5 different account types to accommodate various types of traders.
1- Standard Account
2- Standard Cent Account
3- Raw Spread Account
4- Zero Account
5- Pro Account
The Standard Account offers competitive spreads starting from 0.3 pips. It is commission free and the minimum deposit requirement is $10.
The Standard Cent Account is specifically designed for trading smaller quantities starting from a minimum of 0.01 lot. The Standard Cent Account is also commission-free, and the minimum deposit requirement is $10.
Raw Spread Account has ultra-low spreads starting from 0 pips. However, there is a commission of $3.50 per side per lot.
The Zero Accounts also have a tight spread but a lower commission of $0.2 for each side per lot.
Finally, The spread on the Pro account starts from 0.1 pips, and it is commission-free.
The minimum deposit required to open Raw Spread, Zero, and Pro accounts is $500.
EXNESS REVIEW
Exness offers a web-based trading platform called Exness Terminal. This web-based platform has a user-friendly and intuitive trading interface. It’s available on Windows and iOS devices. The Exness Trading Terminal has advanced features, including 50+ drawing tools and 70+ indicators for in-depth technical analysis.
The broker also provides MT4 and MT5 trading platforms. Additionally, MT4 and MT5 mobile applications are also available. Meta Platforms offer many features, including one-click trading, live news streaming, and placing multiple pending orders.
Exness also has a proprietary mobile application called the Exness Trade App. The app offers a seamless trading experience on the go. It is available for Android and iOS devices, offering convenient market access, real-time trading, and a comprehensive suite of trading tools.
| PLATFORM | AVAILABILITY |
|---|---|
| Proprietary Platform |
Yes
|
| MT4/MT5 (Windows/MAC) |
Yes
|
| Mobile Platform (Android/IOS) |
Yes
|
EXNESS REVIEW
Due to regulatory restriction, the leverage available to Exness clients varies depending on the kind of account, the instrument, and the trading organization. High margin rates up to 1:2000 are permitted by some authorities. When trading with high leverage, we would advise using risk management techniques to guard against big losses.
For the Pro, Zero, and Raw Spread accounts, the margin call is 30%; for the Standard and Standard Cent solutions, it is 60%. A 0% and custom stop-out feature is also available.
| PRODUCT | MAX LEVERAGE |
|---|---|
| FOREX | 1:2000 |
| COMMODITIES | 1:200 |
| CRYPTO | 1:20 |
EXNESS REVIEW
Exness product range includes 40+ currency pairs, 15+ metals and energies, and over 30 CFD cryptocurrencies. Additionally, Exness also offers 10 CFD indices from different markets. Exness CFD stocks list is not very extensive and includes only 150 companies.
| PRODUCTS | AVAILABILITY |
|---|---|
| Multi Assets |
Yes
|
| Forex |
Yes
|
| Crypto |
Yes
|
| CFD Stocks |
Yes
|
| CFD Indices |
Yes
|
EXNESS SPREAD AND COMMISSION REVIEW
Exness spread varies depending on the account type and market conditions. On Professional accounts, the spread on Forex starts from 0.0 pips. Whereas on the Standard account, it starts from 0.3 pips.
Professional accounts have zero spreads but there are commission charges applicable to those accounts. For the Raw Spread account there is a commission of $3.50 for each side per lot, while on the Zero Accounts, it is $0.2 for each side per lot.
| PRODUCT | SPREAD RANGE |
|---|---|
| Forex | 0.0 - 1.2 |
| Commodities | 0.3 - 2.5 |
| Indices | 1 - 2.0 |
EXNESS REVIEW
Exness provides a range of convenient and secure methods to deposit and withdraw funds. Traders can choose from various options, including popular cryptocurrencies like USDT and Bitcoin, eWallets such as Skrill, Neteller, Perfect Money, and SticPay, as well as credit and debit cards and wire transfers.
Binance Pay deposits are typically processed within 30 minutes, while wire transfers may take up to 5 to 4 working days to complete.
Credit/debit cards, e-wallets, and Bitcoin withdrawals are processed within 24 hours. Exness does not impose any charges for deposits and withdrawals.
| METHOD | AVAILABILITY |
|---|---|
| Credit/Debit Card |
Yes
|
| Wire Transfer |
Yes
|
| E-Wallets |
Yes
|
| Crypto |
Yes
|
Exness Review
Exness is a well-regulated broker operating in multiple jurisdictions. It ensures a secure and reliable trading environment for its clients. It has competitive spreads and low trading fees. Additionally, it stands out with its comprehensive educational resources.
On the downside, Exness product range is limited and some improvements are needed to its proprietary platform. However, considering the positive aspects of regulation, educational resources, and low spreads, Exness is a good choice for traders seeking reliable trading experience.
EXNESS BROKER REVIEW
| Pros |
 Cons |
|---|---|
| Multi Asset | Limited Product Range |
| Multi Regulated | No Desktop-Based Proprietary Platform |
| Comprehensive Education | |
| Low Minimum Deposit | |
| Low Spread | |
| Proprietary Platform |
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