Exness Review

Exness

Exness

www.exness.com

  • Leverage: 1:30 | 1:1000

  • Regulation: CySEC, FCA, SFSA

  • Min. Deposit: 1 US$

  • HQ: SVG, 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. Awards
  3. Is Exness safe or a scam?
  4. Leverage
  5. Account opening
  6. Fees
  7. Instruments
  8. Trading Platform
  9. Customer Support
  10. Education
  11. 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, the broker 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.

ProsCons
Global Broker with offices in Cyprus, UK and SeychellesNo multi-currency accounts
Range of instrument including Forex and CFDs
Suitable for both beginners and Professionals
Based on MetaTrader technology
Advanced range of research tools and analysis

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?

In order to protect invested funds, when selecting a company for a long-term partnership a professional trader should consider not only the company’s trading conditions. But also, most importantly, make sure that the company’s operations comply with the relevant country’s legal requirements and with internationally recognized financial standards.

ProsCons
Regulated by CySEC, FCANot listed on Stock Exchange
Segregated Accounts and annual reportsGlobal proposal regulated by SFSA
Negative Balance Protection applied

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.

Accounts

So engaging with 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.

ProsCons
Fast digital account openingNone
Standard Account and Standard Cent Account
Professional ECN Account
Practice Demo Account

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

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

As defined, 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.

Comparison between Exness fees and similar brokers
Asset/ PairExness FeesETFinance FeesOctaFX Fees
EUR USD1.20.70.5
Crude Oil WTI432
Gold0.30.370.2
Inactivity feeYesYesYes
Deposit feeNoNoNo
Fee rankingLow/ AverageHighAverage

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.

ProsCons
Fast digital depositsDeposit fee may be applicable according to your region
Very Small first deposit only 1$
Supporting Account Base Currencies USD and EUR
0$ free withdrawal

Deposit Options

The payment options including the possibility to use either method so you can always choose a suitable one. WHle 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

Minimum deposit

What is more great, 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 funding

Withdrawals

As been mentioned already, Exness does not charge any fees either for deposits or withdrawals. Nevertheless, 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.

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.

ProsCons
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.

ProsCons
Quick response and Relevant answers24/7 support in English and Chinese only
Live Chat, Phone lines, emails supported
13 Languages supported
24/7 support

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.

ProsCons
Learning center organize as Exness AcademyNone
Demo Account available
Fundamental and Technical Analysis
Comprehensive research tools
Trading Calculators, Insights and trading ideas
Market News, Webinars and Web TV
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.

Powerful features of the platforms bring the capability to trade effectively along with the secure environment and all trading styles accepted. Moreover, there are pleasant additions alike Trading Central services and free VPS hosting that rewards client even more, making all in all Exness as a good choice to consider for pleasant trading experience.

Yet, we would be glad to know your personal opinion about Exness, you may share your experience in the comment area below, or ask us for some additional information if required.

No news available.

14 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.

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