Exness Review

Founded in 2008, Exness is a multi-asset broker with over 625,000 active accounts and a global client base. Users can select from a range of different account types and financial instruments, with a suite of services on offer designed to support a variety of different trading strategies. The emphasis is on the trading experience, with execution in all markets aided by access to deep liquidity pools and super competitive trading costs.

Traders who join up will benefit from using a regulated broker that offers the market favourite MT4 and MT5 platforms. There is also the option of using the in-house developed proprietary Exness Trader platform, which has been designed in line with the firm’s overall approach ? to try to offer the best trading conditions for informed traders.

Offering of Financial Investments

Exness offers one of the most comprehensive ranges of forex markets in the retail broking sector. There are more than 120 currency pairs to choose from, which ensures traders can access an extensive range of Minor and Exotic forex pairs as well as the Major currency markets.

While the currency offering makes Exness a suitable option for specialist forex traders, several different instrument types can be accessed. These 200+ instruments can also be traded in the form of CFDs, allowing clients to develop multi-asset strategies by gaining exposure to stocks, indices, commodities, and crypto.

Pros / Cons

Exness Trading Account Types

Exness offers five different account types, which can all be set up in a swap-free format. Each has been designed to suit a particular kind of client or trading strategy, and investing some time in research to find the best-fit account for you can help optimise your trading returns.

• Standard Account ? Suitable for beginner and intermediate traders. Stable spreads, reliable execution, zero trading commissions. Minimum opening balance requirement – $Variable.
• Standard Cent Account ? Similar terms to the Standard Account but supports trading in small size. It is ideal for beginners and those testing new strategies. Minimum opening balance requirement – $Variable.
• Raw Spread Account ? Commissions charged in each trade. No limit on the number of open positions and ultra-low spreads. The T&Cs favour experienced traders operating short-term strategies such as scalping. Minimum opening balance requirement – $200.
• Pro Account ? No limits on the number of positions and supports trading in small and large sizes. Ideal for experienced traders looking for competitive T&Cs and reliable execution. Minimum opening balance requirement – $200.
• Zero Account ? Tight bid-offer spreads as low as 0.0 pips in most actively traded markets. Minimum opening balance requirement – $200.

Exness Commissions and Fees

Exness’ fee and commission structure vary across the five account types. Manual traders will be drawn to the flexibility and zero commissions in the Pro Account package. The Zero account is designed to issue fewer requotes and have lower slippage, making it attractive to those trading algorithmic models and using Expert Advisors.

• Standard Account ? Leverage 1: Unlimited. No commissions, margin call at 60%. Swap-free trading is available.
• Standard Cent Account ? Leverage 1: Unlimited. No commissions, margin call at 60%. Minimum trade size 0.01 cent lots. Swap-free trading is available. No Demo account.
• Raw Spread Account – Leverage 1: Unlimited. Commissions up to $3.50 per lot. Margin call at 30%. Swap-free trading is available.
• Pro Account ? Leverage 1: Unlimited. No commissions, margin call at 30%. Swap-free trading is available.
• Zero Account – Leverage 1: Unlimited. Commissions start at $0.2 per lot, per side. Margin call at 30%. Swap-free trading is available.

Exness Platforms and Tools

Exness maintains the full suite of the MT4 and MT5 trading platforms ? a desktop client, Webtrader, and mobile version. It also offers clients the bespoke Exness Trade terminal, which is available in desktop format to MT5 account holders and in App form for handheld devices.

Customer Support

Exness provides multilingual support, accessible via email and phone. English, Chinese, Vietnamese, Swahili, and Thai language support are available 24/7. Indonesian, Arabic, Japanese, French, Spanish, Portuguese, Russian, Hindi and Urdu are just some of the other languages included in the offering. There is also a Live Chat feature included in the Exness Trade platform.

Payment Methods

Exness offers a variety of payment methods, including international and local electronic payment systems, internal transfers, bank cards, cryptocurrencies and e-payment agents such as Neteller. The broker states that it is positioned to process payments and withdrawals on a 24/7 basis, but third-party payment agents may not offer a corresponding around-the-clock service.

Minimum Deposit in Exness

Exness doesn’t charge clients for deposits or withdrawals, though third-party agents may levy a fee, and the standard minimum account opening balance for the five accounts is in line with those of the rest of the sector.

• Standard Account ? $Variable depending on selected payment system but can be as low as $10.
• Standard Cent Account ? $Variable depending on selected payment system but can be as low as $10.
• Raw Spread Account ? $200.
• Pro Account ? $200.
• Zero Account ? $200.

Exness Research

The Learning Centre contains clearly written texts explaining how to start trading using the Exness platform. There is also a blog feature which targets more experienced traders. Only a few materials are offered in video format, and while the instruction sheets on how to set up are easy enough to understand, offering learning materials in a multi-channel format would make the broker more user-friendly in this area.

Most of the materials found at the Exness Research Centre focus on processing big data and applying automated trading strategies. That suggests the Exness service can sometimes be weighted towards more experienced traders rather than beginners.

Exness Mobile Trading App

Versions of the MT4 and MT5 platforms are available in an app version compatible with Android and iOS-configured mobile devices. It is also possible to access the MetaTrader platforms using the Web version of the platforms that operate anywhere there is internet connectivity.

The Exness Trader app also supports ‘on-the-go’ trading activity and houses account management features to make it easy for you to manage the administrative side of your trading.

Should I Trade with Exness?

There are many plausible reasons that Exness could be the best forex broker for you.

• Free in-house VPS hosting – Exness offers a free in-house VPS so that trading activity can be hosted closer to currency exchanges. That enables clients to take advantage of two of the main attractions of Exness ? deep liquidity and super-fast executions. It is free to clients who deposit a minimum of $500.
• Instant Deposits and Withdrawals – Deposits and withdrawals of client funds are processed instantly by Exness, with the broker not applying any fees on either type of transaction. Internal transfers between accounts are instant as well, giving Exness clients complete control over all their funds on a 24/7 basis.
• Tight trading spreads – Exness spreads in currency markets start from 0.00 pips in the commission-based Zero account.
• Flexible Leverage – Traders using any of the Exness accounts have access to margin trading. Leverage can be set according to your strategy requirements, and the absence of a cap on leverage terms means those traders who want to do so can scale up on risk return.
• Regulatory protection – Exness is regulated by a number of different global financial institutions, including the Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Services Authority (FSA). It should be noted that whilst the Financial Conduct Authority regulates one entity of the Exness group, the broker does not accept retail clients from the UK.

Summary

Exness offers everything you need to trade the markets effectively. Its competitive pricing policy is supplemented by excellent trading conditions and some neat additional extras. The service might be weighted towards intermediate and experienced traders; however, beginners who are confident they’ll be able to get up to speed would fast-track their development by signing up with Exness.

FAQ section

• Is Exness safe and reliable? 

Companies within the Exness group are licensed in several jurisdictions around the world. Details of where each entity is registered are provided clearly and transparently, allowing traders to ensure they are protected to a level that meets their requirements. New clients must conduct due diligence research, but the information on the company’s website outlines when protective measures such as Negative Balance Protection (NBP) might apply.

Traders with an inquiry or account issue can contact the broker’s customer support 24/7 via email or phone (in any of the languages supported) and live chat.

• Who regulates Exness?

Exness (SC) Ltd is authorised and regulated by the Seychelles Financial Services Authority (FSA) with license number SD025. Exness (VG) Ltd is authorised by the BVI Financial Services Commission (FSC) under Licence number SIBA/L/20/1133. Exness B.V. is authorised and regulated by the Central Bank of Curaçao and Sint Maarten (CBCS) under Licence number 0003LSI.

Other licenses that Exness operates under are the Cyprus Securities and Exchange Commission (CySEC) with licence number 178/12, the UK Financial Conduct Authority (FCA) under the Financial Services Register number 730729, the FSCA in South Africa as a Financial Service Provider (FSP) with FSP number 51024, and the Financial Services Commission (FSC) of Mauritius with registration number 176967.

• What’s the smallest amount I can deposit in order to start trading?

If you sign up for a Standard Cent Account, you can deposit as little as $10 to get started in the live markets, but you can also create a free demo account to test the ecosystem and its capabilities.