Exness Review

Exness

Exness

www.exness.com

  • Leverage: 1:30 | 1:1000

  • Regulation: CySEC, FCA, SFSA

  • Min. Deposit: 1 US$

  • HQ: Seychelles, Cyprus, UK

  • Platforms: MT4, MT5

  • Found in: 2008

Exness Licenses

  • Exness (Cy) Ltd - authorized by CySEC (Cyprus) registration no. 178/12
  • Exness (UK) Ltd - authorized by FCA (UK) registration no. 730729
  • Nymstar Limited - authorized by SFSA (Seychelles) registration no. SD 025

Top 3 Forex Brokers

  1. What is Exness?
  2. Exness Pros and Cons
  3. Awards
  4. Is Exness safe or a scam?
  5. Leverage
  6. Account opening
  7. Fees
  8. Spread
  9. Instruments
  10. Trading Platform
  11. Customer Support
  12. Education
  13. Conclusion

What is Exness?

Exness is the brand name of the global brokerage firm that delivers its services through two main offices in Seychelles and is a Cyprus Broker. The divided nature of the firm enables worldwide clients to enjoy tailor financial service and investment solutions, while the global brand delivers vast opportunities to the retail and mainly corporate solutions or partnerships.

The EU based company in Cyprus performs fully regulated services to the members within EEA and world. Moreover, the broker also expanded its global reach and established a UK-based entity Exness UK Ltd which is also respectively and fully regulated.

Actually, Exness has won numerous awards as a retail broker as it offers stable and reliable brokerage services with the comfortable trading environment created to suit the most demanding traders with their tight spreads and no hidden commissions from 0.1 pips. The trading process is delivered by the intuitive platform MT4 with a possibility to trade a number of CFDs and Futures on a range of markets.

Exness Pros and Cons

Exness provides good trading environemtn and is authorized by reoutable authority like FSCA, the mainstay on MetaTrader technology provides good research, education and analysis.

On the negative side the are some limitations in product offering with trading instruments Forex and CFDs, also there is no multi-currency accounts and proposal is different in each jurisdiction.

Exness website

10 Points Summary
🏢 HeadquartersCyprus, UK and Seychelles
🗺️ Regulation and LicenseCySEC, FCA, SFSA
🖥 PlatformsMT4, MT5
📉 InstrumentsForex, Metals, Indices and Energies, Cryptocurrencies
💰 Costs1.2 pips
🎮 Demo AccountAvailable
💳 Minimum deposit1$
💰 Base currenciesUSD and EUR
📚 EducationExness Academy with Learning and technical analysis
☎ Customer Support24/7

Awards

Along with its history of operation, Exness has been awarded and recognized many times including different aspects like Customer satisfaction, trading technology and overall rankings recognizing its success.

Moreover, the Exness takes an active role in social life, as well as acting as an honored sponsorship partner with various organizations. Currently, Exness proudly sponsors the world’s number one football team, Real Madrid, and the best football player alive, Cristiano Ronaldo.

Exness sponsorship

Is Exness safe or a scam

No, Exness is not a scam it operates under relevant country’s legal requirements authorized by FSCA South Africa providing low risk Forex and CFDs.

Is Exness legit?

Exness Group due to its presence in various countries and established offices regulated by necessary local authorities that also highly respected within the industry. Exness UK Ltd is authorized and regulated by the Financial Conduct Authority, while Exness CY Ltd holds a license from CySEC.

Thus, the broker permitted to provide financial products or services within its activity in above mentioned countries and in another country in the EEA. Also, there is a license from an offshore Seychelles, which rather provides just registration than serious regulation, yet additional licenses from reputable authorities make things and Exness offers reliable.

Exness license

How are you protected?

Therefore, and due to operational standards that are set according to the requirements along with the customer protection, money segregation and participation in investor compensation fund or scheme. The EEA registration and the provision of services on a cross-border basis performed by authorization from cross authorities within Europe that makes Exness operation standards highly reasonable ones.

Leverage

As the majority of Forex brokers, Exness also offers to use leverage, which may increase potential gains through its possibility to multiple initial accounts balance.

Leverage levels always depending on the instrument you trade, as well defined by the regulatory restrictions and your personal level of proficiency.

Since FCA and CySEC along with its European directive miFID significantly lowered the possibility for leverage levels, the maximum leverage you may use as a retail trader is

  • 1:30 for major currencies,
  • 1:20 for minor ones
  • 1:10 for commodities.

Yet, a global entity of Exness may allow much higher leverage ratios up to 1:1000, which are also defined by the country of your origin.

And of course, always learn how to use leverage correctly, as leverage may increase your potential loses as well and is a different feature in various instruments.

Account types

The accounts available with more than 80 currency options while the company features instant payment options and offers Standard Cent Account which is great for traders of smaller size, Standard Account and Professional ECN Account with raw spread offering and commission charge per trade.

At Exness you can expect a fully-regulated and safe trading environment that allows to either open a demo account and test trading strategies or to open a live account to enter forex markets. The traders of world jurisdictions may be subjected to different account offerings that range according to regulation and compliance.

Exness accounts

Forex Contest

Moreover, there are additional features that enable the Exness customers that bring the possibility to compete and gain valuable prizes in the Forex trading Contest that performed from time to time. However, the traders’ residents of particular countries should check the availability and the possibility to engage on the official website.

How to open account

Exness account opening

Fees

Exness pricing is good, there are low spreads or commission for ECN account, also there is no funding fees, but be sure to check the inactivity fee. See fee table below.

FeesExness FeesETFinance FeesOctaFX Fees
Deposit feeNoNoNo
Withdrawal feeNoNoNo
Inactivity feeYesYesYes
Fee rankingLow/ AverageHighAverage

Spreads

Exness spread is based on tight variable spreads, which is defined by the account type as well. Standard Cent Account Spreads are starting from 0.3 pips with no commission on trading volume which means all trades are calculated in cents, the Standard account costs based on tight spreads from 0.1 pips.

And Professional ECN account features raw spread plus the commission per trade. See some of the examples below for a better understanding of Exness costs and comparison with other brokers, as well compare fees to another broker DF Markets.

Asset/ PairExness SpreadETFinance SpreadOctaFX Spread
EUR USD Spread1.20.70.5
Crude Oil WTI Spread432
Gold Spread0.30.370.2

Rollover

Also, always consider Exness rollover or overnight fee as a cost, which is charged on the positions held longer than a day. Each instrument charges a different quote for overnight positions, which may be as a fee or a refund, see sample on some of the instruments above.

Exness ECN account

Market Instruments

The markets that you can trade with Exness offers popular Forex with 107 currency pairs, CFDs on Stocks and Indices, Energies, Metals and 7 Cryptocurrencies.

Deposits and Withdrawals

Exness performs instant deposits and withdrawals with no commission charges using a number of electronic payment system that provides control over your trading account funding at convenience.

Deposit Options

The payment options including the possibility to use either method so you can always choose a suitable one. Exness typically does not charge any deposit fees or internal charges, you payment provider according to the residence might add on some fee, so make sure to verify it.

  • Bank Wire Transfers
  • major Credit Cards,
  • e-systems Neteller and Skrill

Exness Minimum deposit

Exness does not require a specific amount at the beginning, so you will be able to start as small as 1$. The professional account may demand though 200$, and of course check on the necessary margin requirements that are usually set for each trading instrument separately. Also, check on the payment methods, as some of them set a minimum transfer amount.

Exness minimum deposit vs other brokers

Exness Most Other Brokers
Minimum Deposit $1 $500

Withdrawals

Exness does not charge any fees either for deposits or withdrawals. Withdrawal options including so far most used Bank Wire and Cards, also check before any transfers are done with customer service in case there are any fees that may be applicable, due to your country of origin or maybe by the payment provider himself.

Exness funding

Trading Platforms

The trading platform choice offers the selection between industry leaders MetaTrader4 and MetaTrader5 along with mobile trading platforms and MT4 WebTerminal that allows access through any device.

Pros Cons
User friendly trading softwareNone
Offering MT4 and MT5
Both platforms supporting Web, Mobile and Desktop platforms
Fee Report
Technical analysis and no limitation on strategies
Supporting various languages

Web trading

While both platforms are well known software in the industry, MetaTrader4 features a convenient and functional trading platform that has been recognized by professional world traders and retail traders as well. While MT5 is a more developed version of the previous one with powerful features and new possibilities. You can access both via Web Trading, which is free from download or installation platform accessible via the browser.

Yet, Web version is always less advanced as desktop one, so if you develop a comprehensive strategy and need more customization and charting features go for the desktop version.

Exness platform

Desktop platform

Both MT4 and MT5 support all devices including PC and MAC, so the choice is yours which platform you prefer to use either industry standard or its new developed version MT5. Good to mention again that each account supports both platforms, so there is no need to specify, you can use two at the same time, which is great.

Trading styles

Since there are many traders who still prefer the MT4, both options are available along with the analytical service with free technical analysis from Trading Central, high-quality VPS hosting, economical calendars, quotes history and a constant monitor of the accounts.

The most relevant news affecting the Forex market available from Dow Jones News, the leading provider of information in the world, hence included into the streaming line of the platforms. Meanwhile, all trading styles are welcomed making your strategy available and possible to be performed at Exness.

Exness MT5

Mobile Trading Platform

Free and simple to use apps suitable for iPhone and Android devices, supporting MT5 and MT4 versions as well, so you can remain updated about trading on the go. Apps are highly regarded and well developed, so you can apply full customization on your phone, as well as check account status, request withdrawals and see fee reports, all from your mobile.

Customer Support

Lastly, together with comfortable conditions for trading, you will get advanced support that brings customer service in 13 languages available 24/5, and support 24/7 in English and Chinese. Exness gained actually quite good rankings for its support and is recognized among financial markets for its excellence.

Education

Exness actually runs its own Exness Academy designed to support and educate thousands of traders from all over the world. There are developed learning materials designed by the level of experience and covering essentials from the beginning, also bringing further development by learning how to manage risks smarter and finishing up with the practice.

Exness provides free Demo account and along with up-to-date financial news from Dow Jones, educational robust materials and Web TV with the latest updates. We really like how Exness organizes the knowledge base and invest in its traders’ improvements. So the professional teams of Exness provide active traders with one-stop powerful tools. There you will find also research tools, fundamental analysis and technical research, along with weekly outlooks, trading ideas and many more.Exness education

Conclusion

Overall Exness review is about the transparent, fully regulated by various jurisdictions brokerage company that was recognized timely for its achievements and high operational standards. Apart from the availability of the Mini and Standard accounts that enables traders of any size to join, competitive trading conditions from 0.1 pips and range of markets so you get technical support from the industry-leading MT4 or MT5 platforms.


Exness Updates

We have found that Exness UK and EU entities based in Cyprus no longer offers trading services and accept new clients. Exness for now operates its newly opened branch in South Africa authorized by FSCA and via international subsidiary in offshore Seychelles.

We recommend traders to do your own research before you sign in and open an account only with the regulated entity, for now it is only the South African Exness entity.

Sam From India | | Friday, December 11, 2020

I was trading on my account number 19015373, From almost 3 months was doing good profit, The I increased my capital to 10000usd and even more, what happened on Friday I took some trades in which I found 5+5 big lots automated came on my account which was not placed by me and that washed my 12000USD in no time, when I contacted support they say orders made by you in which long file of mt4 that was not present, secondly after 5 days Again I invested 5000usd and was trading on gold pair when I had 5-7 orders what I saw signal to mt4 gone and same time I was on the call with my client on the conference and he got the same issue on a different state, I immediately took a screenshot of both account also of his PC over the TeamViewer and when reported to Exness they says we have no such issues it’s your internet issue, that day very hardly I saved my funds. These are cheap scammers do not trade on exness, On Dec 7th due to server issues again I failed to close my orders and I made another big loss of 9000$ and on the report to exness they sent me terms and conditions, Here is the email ”’ We have carefully reviewed the execution of the group of orders on the account 19015373. The results are as follows: We apologize for the inconvenience. Our technical team has reviewed the journal and the history of the log and there were no irregularities found in the execution or any unsuccessful attempt. The issue may have been caused by the instability of the Internet connection. It is advisable to change the type of Internet connection to improve connection quality. If you have any further questions, please do not hesitate to contact us Thank you. Best regards, Sunerah Rahman Exness | Support Team It is advisable that the client change the type of Internet connection to improve connection quality. For more information on this, please visit our website Taking everything into consideration, the decision has been made to leave the results of the orders in question unchanged. The decision is based on clauses 1.1, 1.3, and 1.4 of 1.1 The Client is solely responsible for providing and maintaining the compatible equipment necessary to access and use the Trading Platform, which includes at least a personal computer, Internet access by any means and telephone, or another access line. Access to the Internet is an essential feature and the Client shall be solely responsible for any fees necessary in order to connect to the Internet. 1.3 The Company will not be liable to the Client should his computer system fail, damage, destroy, and/or format his records and data. Furthermore, if the Client incurs delays and any other form of data integrity problems that are a result of his hardware configuration or mismanagement, the Company shall not be liable. ”” Over the phone calls and live chat, they told me that they are very good broker and do share up to 50 thousand USD of profit to their clients. But on the other hand, they do notice client’s funds and gives issues independently to washout their funds. These cheap scammers must be banned and licenses should be canceled for such scam work. I have attached the screenshot of my loss as well as the error and ping issues I got on my mt4. I lost 21000$ on this scam broker who stolen my money without compensation. I have successfully change the broker and now doing a profit very well. I give a message to all old clients to change your broker quickly if you are trading into scam broker exness.

  • Sam

No news available.

28 responses to “Exness”

  1. I deposited R2000 into my account and traded few loosing trades. Then after 3 loosing trades i entered a sell in usdcad which streight away went in my sell direction. As it goes my platform got disconnected then got connected in 5 minutes. When it came back my trade wasnt there anymore. Then i contacted them via a live chat to complain and they asked me for my login id which i provided. They said to me i did not place any trade that day ( which is today). I told them that i that this is the 4th trade i placed. And they asked me to double check my login ID which i did by loggin in the android mt5 and took a screen shot of the my login ID . With suprice i realised that the trade was closed as a loss which they started telling me that it hit my stop loss when i know that it was heading towards my teke profit. I was trading with trend line strategy and it didnt even cross my trend line by the time i was chatting to them. I emmidiately wetdrew the rest of my funds which i hope i will get.

    1
    Exness South Africa
    #3 out of 14 in OVERALL
    Based on our Rating of 14 brokers

    Minimum Deposit
    $1
    Regulated with FSA, FCA (UK), CySEC (Cyprus)
    Zero Spread in ECN account
    Visit Broker
    Disclosure: We may earn a small commission if you decide to sign up with the broker through links in this review. Thanks for your support!

    Visit Exness

  2. Please does exness need any voters ID, passport or any national identification card before withdrawal?

    • Very bad broker. I was trading Gold with profit, had a stop loss in place. My platform freezed, screen immediately went black and it came back on written “no connection” After around 4 or 5 minutes my trade was no longer there and all the money in my account was gone. Just like that..

  3. exness is a really bad broker, i deposited money about R1000, i traded NZD employment change they refused to place my trade so i thought maybe its due to insufficient funds as their spread was about 63 on NZD/USD. so today i went to trade the CAD emplyment change with a lower lot size and on the 5 times i took a buy they kept sayin insufficient funds. as i type ive withdrawn my money and i advice people not to use exness because theyre going to cheat you and wont give you a valid reason as to why.

  4. Spreads are bad.
    Withdrawal system is working like a Casino.
    For example you deposit 10.000USD. You lost 100USD. You want to take your money back.
    You cannot take your money back for 90 days.
    They blocked your 9900USD.
    They want you to stay and loose your money on purpose.
    This is why I terminated my account.
    Just stay away from them. They give 1:2000 leverage but spreads are too bad.

  5. 0 18:41:39.686 ‘24211925’: order buy market 0.24 XAUUSDc sl: 0.000 tp: 0.000
    1 18:41:40.202 ‘24211925’: order buy 0.24 XAUUSDc opening at market sl: 0.000 tp: 0.000 failed [Common error]
    0 18:41:41.108 ‘24211925’: close order #254539693 sell 0.01 XAUUSDc at 1915.191 sl: 0.000 tp: 0.000 at price 0.000
    0 18:41:41.577 ‘24211925’: order #254539693 sell 0.01 XAUUSDc at 1915.191 sl: 0.000 tp: 0.000 closed at price 1909.986
    0 18:41:41.577 ‘24211925’: order buy market 0.24 XAUUSDc sl: 0.000 tp: 0.000
    1 18:41:41.984 ‘24211925’: order buy 0.24 XAUUSDc opening at market sl: 0.000 tp: 0.000 failed [Common error]
    0 18:41:41.984 ‘24211925’: order sell market 0.01 XAUUSDc sl: 0.000 tp: 0.000
    1 18:41:42.375 ‘24211925’: order sell 0.01 XAUUSDc opening at market sl: 0.000 tp: 0.000 failed [Common error]
    0 18:41:42.968 ‘24211925’: order buy market 0.24 XAUUSDc sl: 0.000 tp: 0.000
    1 18:41:43.327 ‘24211925’: order buy 0.24 XAUUSDc opening at market sl: 0.000 tp: 0.000 failed [Common error]

  6. I was make 60k $ profit after that they don’t give the money ..
    Spreads are bad.
    Withdrawal system is working like a Casino.
    For example you deposit 10.000USD. You lost 100USD. You want to take your money back.
    You cannot take your money back for 90 days.
    They blocked your 9900USD.
    They want you to stay and loose your money on purpose.
    This is why I terminated my account.
    Just stay away from them. They give 1:2000 leverage but spreads are too bad.

  7. Exness is a SCAM broker, they cheated with me
    On 27 August 2020, I had this order (263217332) (MT4 24186463). In this order I had my SL and TP set, the market crossed my TP level by 21 pips but still, it didn’t trigger my TP. After that, I tried manually closing the trade but the platform didn’t allow me to do so. I restarted the mt4 platform and tried it again the next 15 minutes several times but still didn’t work. Later after 40-50 minutes, the trade instead of hitting my TP it hit my SL. After this happened and I talked to live chat four times, 1st and 2nd time they told me it was a technical issue on our Real 11 server and it will be resolved within 24 hours. After 24 hours, 4th time when I contacted the chat service, they told me that I have to send an email then they will take action and it may take 24 hours to resolve. Then I have sent them an email with all the details and screenshots. After 24 hours again I contacted live chat service then they told me they have tons of clients, they don’t know how long it will take to resolve.
    I’m sure they are just passing time; they don’t want to resolve it. I’m surprised, how bad their customer service and how they treat their customer like they give misleading information.

    • Truth truth I though I was the only one experiencing that ……. The last time if I wasn’t monitoring my trades I would have lost my account ….. Gold Spot with a sl set it went through my stop loss 1000 points against me and my stop was triggered so I recorded it ….
      And I closed the trade manually … I reported to them and they said they were going to get back to me it’s been 2months now …..

      Their spread are manipulative specially when you are a good trader ….

      At first I use to be in profits with a spread of 300points that sounded right to ….

      Then after a streak of really good wins it started increasing anytime I was in profit it went from 300 to 600 points ……

      And I lost some trades and found out that anytime you are in loss they manipulate the spreads to increase it form 300 to as far as 700 points ….

      Exness is really really scam and very very bad …… Becareful

  8. Exness is Dangerous ….. The are very manipulative …. Don’t trust reviews on them and the nice nice article ….
    They are manipulative in such a way that when trading gold spot ….
    The initial spread is 300 when you enter into loss it goes to 500points when in profit it goes to 600+ points on several several occasions … At first you might think it doesn’t matter but latter you realize it does ……
    The deactivate your stop loss especially when you are a good trader ….
    You take profit is never activated …. When you use you Personal Area to contact live support they don’t answer and tell you all agents are offline … But when you go to those fake sweet articles of theirs you find out that there are lots of agents online ready to lure you into an abyss of manipulation …. Pay out methods can take up to 2weeks with bank cards ……. Their so called mobile money system never seems to work ………. Always facing technical issues …. But deposit is instance ….. Just becareful when selecting them as your broker because there are better once out there ………. Don’t fall into this dirty brokers yes brokers have bad names but this is worst ……

  9. Exness is a big scam. They are not true ECN. Your profit is pain to them and your loss is a gain. Never trust them, they manipulate the system too much so that you will not become profitable. Fundamental and technical analyses are useless here.

    • Thank everyone for all your honest experiences, let me get out before this fuckers scam me

      Are they correctly regulated or it’s fake licence…. We must report them.

  10. Thank you every one to let me know about this shit broker , i have recentaly open my trading account and want to deposit and start trading . But after knowing about this scam and fack broker i decided to close my account with them

  11. Exness is a BIG scam they dnt allow withdrawal intentionally for you to Trade they are a BIG BIG BIG SCAM PLEASE DNT EVEN TRY TO JOIN

  12. I usEd to Trust this Brocker…but Since Yesterday I very confused with this Broker …I made a buy stop pending order on eurusd on the price 1.20680 yesterday and watch the market and by the time it hotted that Price the Broker deleted the pending order…And freeze my Mt4 view to the market…Hmmm 🤔 this is so depressing….

  13. beware exness trading gold with leverages 1:2000,ounce you hedge automatically close
    the position and made 0 balance.it happens to me.beware,beware

  14. I trade with their Zero Account because of the spread. I place my positions during not volatile periods and it suits my trading style. There’s always a price to pay but the trading commission is better compare to other brokers. So far so good

  15. I smell something fishy with exness, they keep deactivating my account when I don’t trade for a week or two when i have cents in my account and when i re-activate it my balance is 0.

  16. Guys, I thought I was the only one facing huge problems with exness. On the previous FOMC I traded gold, and it wiped my account. I made a sell stop order and at first it went down and triggered my TP and went even beyond my TP but as always it just froze and only came back when the trade was going up, and I was on a loss. And I thought the problem was with the platform, but now I realize that it’s my broker. It also did the same on US OIL and this was just a technical analysis. I found that the trade hit my TP and went even beyond, but when I come back I find it on a loss.

    I’m done with this broker, and I’ve lost a lot of money

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