Exness Review (2023)

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.

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.

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 other countries 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.

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.

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

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.

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 FBS.

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.

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.

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 software	None
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.

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.

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.

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.

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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.