4.3/5
2008
$10
EXNESS BROKER REVIEW
Exness is a reputable Forex broker offering a diverse range of assets. Since its inception in 2008, It has emerged as a prominent market player. In May 2023, Exness recorded an impressive trading volume of $3.35 trillion. Moreover, Exness witnessed remarkable growth in its active trader list, which expanded to 515,099 during the same month. The broker operates under the supervision and regulation of multiple Tier 1 and Tier 2 regulatory bodies worldwide.
| Founding Year |
 2008
|
|---|---|
| Regulated |
 Yes
|
| Rating |
4.3/5 |
| Minimum Deposit |
 $10
|
EXNESS BROKER REVIEW
Exness is regulated by both Tier 1 and Tier 2 regulators and ensures a secure trading environment. Its tier 1 regulation includes the UK’s Financial Conduct Authority (FCA). In addition to FCA, Exness is also regulated in Europe by the Cyprus Securities and Exchange Commission (CySEC).
Furthermore, Exness is regulated by the Seychelles Financial Services Authority (FSA), the Central Bank of Curaçao and Sint Maarten, the Financial Services Commission (FSC) in the British Virgin Islands (BVI), 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 BROKER REVIEW
Exness provides a variety of account types to accommodate different trading preferences and strategies. Exness Standard Account is designed for traders seeking a traditional trading experience. It offers competitive spreads starting from 0.3 pips and no commission charges. Traders can access a wide range of instruments, including Forex, metals, cryptocurrencies, energies, stocks, and indices. The minimum lot size for the Standard Account is 0.01. The Standard Cent Account is tailored for traders who prefer trading with smaller volumes. It offers the same features as the Standard Account, with spreads starting from 0.3 pips and no commission charges. Traders can trade the same instruments, with a minimum lot size of 0.01.
The broker caters to experienced and professional traders with several professional trading accounts. Its Raw Spread Account is designed for traders seeking ultra-low spreads. It provides spreads starting from 0 pips, providing traders with tighter pricing. However, there is a commission of up to $3.50 per side per lot. The Zero Account is suitable for traders who prefer tight spreads with a small commission. It offers spreads starting from 0 pips and the commission starts From $0.2 each side per lot. Finally, the Pro Account caters to traders who prioritize commission-free trading. It offers spreads starting from 0.1 pips without any commission charges.
EXNESS TRADING PLATFORMS REVIEW
Exness offers a web-based trading platform called Exness Terminal. This web-based platform offers a user-friendly and intuitive trading experience without the need for any downloads. Traders can access the platform on Windows and iOS devices, providing convenience and flexibility. The Exness Trading Terminal comes equipped with advanced features, including 50 drawing tools and 100 indicators, enabling traders to conduct in-depth technical analysis.
The broker also provides both the MT4 and MT5 trading platform, two of the most popular and reliable trading platforms in the industry. Additionally, Exness provides mobile apps for MT4 and MT5, available for download from both the Play Store and App Store. These platforms offer a wide range of features, including one-click trading, live news streaming, and the ability to place up to 4 pending orders.
Exness also offers a proprietary mobile application called the Exness Trade App. This mobile app is designed to provide traders with a seamless trading experience on the go. It is available for both Android and iOS devices, offering convenient access to the markets, 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 BROKER 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 PRODUCTS REVIEW
Exness does not have a huge list of CFD stocks and indices which is a downside for multi-asset traders. It provides spot and CFD trading on more than 30 cryptocurrencies, nearly 15 precious metals and energies, 10 indices indices, and close to 100 Forex Pairs. In addition, Exness also provides over 150 CFD stocks to trade.
| PRODUCTS | AVAILABILITY |
|---|---|
| Multi Assets |
Yes
|
| Forex |
Yes
|
| Crypto |
Yes
|
| CFD Stocks |
Yes
|
| CFD Indices |
Yes
|
EXNESS SPREAD AND COMMISSION REVIEW
The broker offers competitive spreads and transparent commission structures across its various account types. The spread varies depending on the account type and market conditions. On Professional accounts, the spread on Forex starts from 0.0 pips. The spread on the standard account starts from 0.3 pips onwards.
It’s important to note that while professional accounts may have zero spreads, 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 BROKER REVIEW
Exness provides a range of convenient and secure methods for both depositing and withdrawing funds. Traders have the flexibility to 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, offering a swift funding option, while wire transfers may take up to 5 to 4 working days to complete. For faster transactions, credit/debit cards, eWallets, and Bitcoin withdrawals can be processed within 24 hours. It’s worth noting that while Exness does not impose any charges for deposits and withdrawals, transaction fees may apply based on the recipient’s credit card provider, bank, or payment system. Additionally, Exness strives to provide instant withdrawals, subject to approval, ensuring efficient access to funds for its clients.
| METHOD | AVAILABILITY |
|---|---|
| Credit/Debit Card |
Yes
|
| Wire Transfer |
Yes
|
| E-Wallets |
Yes
|
| Crypto |
Yes
|
OUR TAKE ON EXNESS BROKER REVIEW
Exness is a regulated broker operating in multiple jurisdictions and it ensures a secure and reliable trading environment for its clients. Exness offers competitive spreads, allowing traders to access the markets with favorable trading conditions. Additionally, the broker stands out with its comprehensive educational resources, which can benefit both novice and experienced traders.
On the downside, the broker’s instrument selection may not be as extensive as some other brokers. However, considering the positive aspects of regulation, educational resources, and low spreads, Exness remains a reputable choice for traders seeking reliable trading experience.
EXNESS BROKER REVIEW
| Multi Asset |
Yes
|
|---|---|
| Multi Regulated |
Yes
|
| Comprehensive Education |
Yes
|
| Low Minimum Deposite |
Yes
|
| Copy Trading |
 No |
| Huge List of Instruments |
No
|
| Low Spread |
Yes
|
| Proprietary platform |
Yes
|
©2023 FOREXWICK.COM All Rights Reserved.
