Exness Forex Broker
Launched by Petr Valov in 2008, Exness is a major forex broker. It is known for its dedication to transparency, client-focused services, and innovation – qualities that make it stand out among other online brokers. With its trading services available worldwide, Exness is an important player in the financial sector.
Pros
- Low minimum deposit (only $10 to start)
- Multiple payment methods
- Good choice of account types
- Low spreads
- Free VPS hosting
Cons
- Lack of bonuses or promotions
- Absence of live chat support
- Lack of educational resources
Exness Review Summary
Exness is a broker with low minimum deposits, competitive spreads, and an array of account types. The credibility of the company is also increased since Exness is under the regulation of many leading financial regulators to guarantee strong safety and compliance measures. Advanced traders can even get free VPS hosting. Also, Exness allows users to engage in social trading. Customers can choose to invest their money in other traders‘ strategies or manage their own portfolios.
Advanced traders may find massive leverage, tight spreads, and advanced tools appealing. Meanwhile, there is no live chat support or basic educational resources, and the platform is unavailable for many countries, including the USA, European Union countries, the UK, etc.
Who is Exness For?
We are sure that Exness is for experienced traders. Certainly, there are conditions for newbies, for example, a low entry deposit, classic MT4/MT5 platforms and your browser terminal, a lot of instructions on how to use the platform, and a service for copying strategies of professional traders. However, there are not so many basic educational resources and live chat support – it might be a challenge for beginners.
Exness key characteristics
- MetaTrader 4 and 5: The two most famous and widely-used trading platforms. There are advanced features for technical analysis, automated trading, and various order types available.
- Variety of account types: More than 5 different account types including standard accounts, pro accounts, and social accounts. Different accounts present diverse conditions.
- Security is a priority: Password-protected portals, secure logins on MT4 and MT5 platforms, and server locations in Amsterdam, Hong Kong, Singapore, Johannesburg, and Miami.
- Good Cost: Exness is famous for its low spreads, especially on forex pairs. It does not impose any charges for deposits or withdrawals.
Supported Countries
Exness welcomes traders from various countries, including Thailand, South Africa, Singapore, Hong Kong, India, Norway, United Arab Emirates, Saudi Arabia, Kuwait, Qatar, and others. However, the platform is not accessible to traders in the United States, European Union countries, New Zealand, Canada, Australia, Russian Federation, Israel, Iraq, Syria, Yemen, Palestine, Iran, Korea, Malaysia, Gibraltar, and the United Kingdom.
Exness trading platforms
Exness Terminal
The Exness Terminal is a trade platform that can be used for MT5 trading accounts (either demo or standard ones). It does not need installation. It comes with full control of your trading account, 100 indicators, and 50 drawing tools. For those who have never used such terminals, Exness provides several detailed video instructions.
MT4 & MT5
Exness is in support of MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are accessible to users via web browsers that run on Windows XP, Windows 10+ or Mac. Some of the features available in MetaTrader 4 Web Terminal are nine-time frames, streaming news in real time, charts that can be customized, four pending order types, etc.
Mobile app
The Exness Trade app can be downloaded on iOS or Android. Designed for beginners, this app features a straightforward interface with over 200 instruments. You can instantly deposit and withdraw funds as well as receive support services with a mobile app.
The in-app charts have two types of charts which are line and candle. There are also classical indicators like Moving averages, Bollinger Bands, Parabolic SAR etc and seven different periods analysis. The app has various order types, such as market orders and limit and stop loss orders. Additionally, it includes research tools, such as the Economic Calendar, Market News, and Trading Central’s trade ideas.
Exness Trading Account Types
Traders can choose from a range of account types at Exness. The accounts are divided into Pro accounts and Standard accounts. Here is an overview of the available account types:
Standard Accounts:
| Index | Standard | Standard cent |
| Trading instruments | Forex, metals, cryptocurrencies, energies, stocks, indices | Forex, metals |
| Spread | From 0.2 Pips | From 0.3 Pips |
| Commission | No | No |
| Maximum leverage | 1:Unlimited | 1:Unlimited |
| Minimum deposit | From 10$ (depends on paying system) | From 10$ (depends on paying system) |
Standard accounts are suitable for new traders because it allows for small initial deposits and offers unlimited leverage. It is a good option for those looking to start trading with minimal risk.
Pro Accounts:
| Index | Pro | Zero | Raw Spread |
| Trading instruments | Forex, metals, cryptoсurrencies, energies, stocks, indices | Forex, metals, cryptoсurrencies, energies, stocks, indices | Forex, metals, cryptoсurrencies, energies, stocks, indices |
| Spread | From 0.1 Pips | From 0 Pips | From 0 Pips |
| Commission | No | From $0.05 each side per lot | From $3.50 each side per lot |
| Maximum leverage | 1:Unlimited | 1:Unlimited | 1:Unlimited |
| Minimum deposit | $200 | $200 | $200 |
With competitive spreads and trading conditions, the Pro Account is meant for more experienced traders. If you trade often, you can unlock this account type and use enhanced features by making a qualifying deposit.
All the account types are much digitized, you can hardly face any difficulties signing up. Opening an account can be done online and is quick to complete. Additionally, there is no initial payment required for Standard and Standard Cent accounts. However, once you make a qualifying deposit, a Pro, Raw Spread or Zero account will be activated immediately.
Furthermore, there is an Islamic account type in Exness Forex broker that follows the rules of Islamic finance. This means that clients are not charged for swaps or rollovers.
Tradable Assets on Exness
Exness offers traders many tradable assets across various financial markets. Here they are:
- More than 100 forex pairs
- About 70 Stock CFDs
- 14 Commodity CFDs
- 33 Cryptocurrencies
- 13 Indices
Exness offers a wide range of trading options including CFD and spot trading. Users can trade nearly 100 forex pairs as well as other markets like cryptocurrencies, precious metals, energies, stocks, and indices. Exness stands out as a strong competitor in the industry due to its diverse range of trading markets. This means that clients can reduce their risk by investing in multiple areas rather than just one. Additionally, Exness offers leverage up to 1:200 for all these products. It provides more options and potentially higher returns from investment strategies.
When it comes to assets, Exness offers a pretty standard amount of trading instruments. However, it is still more attractive than Roboforex from this point of view. For example, Roboforex has 26 cryptocurrencies (Exness – 33), about 40 forex pairs (Exness has more than 100), CFDs and Stocks are also fewer.
Deposits
| Aspect | Exness | OctaFX | IC Markets |
| Minimum Deposit | $10 | $25 | $200 |
| Payment Methods | Wire Transfer, Credit Card, Bitcoin Payments, Boleto | Wire Transfer, Credit Card | Wire Transfer, Credit Card |
| Transaction Fee | None | None | Broker may charge fees |
| Third-Party Charges | Possible (depends on the third-party service) | Possible (depends on the third-party service) | Possible (depends on the third-party service) |
In your personal trading area, you can easily fund your account. Approximately 50 base currencies are available for live trading accounts including USD, AUD, ZAR, and KWD. Accepted account payment methods include EPS, cryptocurrency, bank cards, local payment systems, and internal transfers. Crypto payments support BTC and USDT.
Note, that once you have opened an account, the base currency cannot be changed, though a new account can be opened in an alternative currency.
Withdrawals
| Payment Method | Minimum Withdrawal | Processing Time | Withdrawal Fee |
| Bank Card |
$10 | Within 30 Minutes | $3 |
| Skrill | $10 |
| Neteller | $4 |
| Perfect Money | $2 |
| SticPay | $1 |
For full details on how to deposit, any withdrawal problems, or understanding an exchange rate to a base currency, visit the online help center on the broker’s website or contact the customer support helpline.
Exness trading education and training
The Exness platform has good data for advanced traders including an Economic calendar, Investment calculator, Currency converter, and some articles on the blog. The Exness website also offers access to Trading Central WebTV as well. The New York Stock Exchange is a direct source of daily videos with commentary, trading ideas, and news.
However, the lessons are not as diverse as on RoboForex or LiteForex, for example. Exness offers several short lessons on how to use the platform itself. Good basic education is not available on this platform. We would recommend beginners who want to trade with Exness seek in-depth education from third parties available for free, including trading psychology, before opening an Exness trading account.
Exness License and Regulatory Compliance
Exness has a strong commitment to obeying regulations & has licenses from well-known authorities to prove this. These licenses mean that Exness Group entities are regulated by the following: Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC), Financial Conduct Authority (FCA), Financial Sector Conduct Authority (FSCA), Central Bank of Curacao and Sint Maarten (CBCS), as well as Financial Services Commission (FSC). In order to make sure that their traders feel safe while working with the platform, these licenses show how Exness follows rules carefully.
Customer Support
The multilingual customer support of Exness is available 24/7. If it is needed traders can call or write to operators and get timely answers.
Exness Forex Broker has an „Excellent“ Trustpilot customer service rating concerning 5121 opinions. This rating confirms that users are happy and satisfied with the quality of customer support services offered by the broker. The favorable reviews are indicative that traders find the offered help effective and timely. The fact that there are so many reviews strengthens the validity of this rating because it shows a high level of service quality.
Exness customer protection
Negative Balance Protection:
Exness uses the Negative Balance Protection system. This means that you will not lose more money than you originally invested. By doing so, the platform protects traders when the market is highly volatile.
Segregated Client Funds:
Exness keeps the client’s funds in a separate account, apart from its operational funds. This prevents changes within the company from affecting your money.
Licensing and Regulation:
Exness is committed to regulatory compliance, holding licenses from reputable authorities. Entities within the Exness Group are authorized or regulated by financial authorities such as the Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC), Financial Conduct Authority (FCA), Financial Sector Conduct Authority (FSCA), Central Bank of Curacao and Sint Maarten (CBCS), and the Financial Services Commission (FSC). These licenses ensure adherence to industry standards and provide clients with recourse in case of disputes.
Transparent Trading Conditions:
Exness maintains transparency in its trading conditions. It gives clients visibility into spreads, fees, and other relevant terms. It fosters trust between the broker and its clients.
Educational Resources:
Exness Academy offers a range of training resources alongside other tools to ensure the safety of its clients. These materials cover topics such as technical analysis, fundamental analysis, and trading strategies. Exness aims to help traders improve their decision-making abilities and overall trading skills.
How to open a Exness account
- Go to the official Exness website.
- Locate the „Register“ button on the homepage and click it.
- Complete the online registration form with accurate personal information.
- Verify your identity by providing the necessary documents, adhering to Know Your Customer (KYC) requirements.
- Select the desired account type based on your trading preferences.
- Fund your account with the minimum required deposit, starting from $10.
- Once your account is verified and funded, you can start trading on the Exness platform.
FAQ
What is the Exness minimum deposit?
Exness offers a highly accessible trading experience by setting a low minimum deposit requirement of just $10. That way, traders with diverse budget sizes can easily enter the platform and participate in the financial markets.
Does Exness offer a demo account?
Yes, Exness offers demo accounts for their own Exness Terminal platform as well as for MetaTrader.
How can I withdraw money from Exness?
Clients can withdraw via Bitcoin, Bank Card, Internet Banking, Skrill, Neteller, Perfect Money, USD Coin (USDC ERC20), Tether (USDT ERC20), Wire Transfer, Webmoney, Bank Transfer, Mybux, and Ozow.
Is Exness a trusted broker?
Exness is generally considered a trusted broker with a solid reputation. It is licensed and regulated by reputable authorities, and it has been in business for over a decade.
Can I register multiple Exness accounts with one email address?
No, the platform forbids having two accounts with the same email address. You can register a new account with a new email address.