Exness is a well-known forex and CFD broker with a strong reputation in the trading world. Established in 2008, Exness has consistently grown, offering traders reliable and secure platforms for trading forex, commodities, cryptocurrencies, and other financial assets. This Exness review will cover key features, account types, regulations, customer support, and more.
Overview of Exness
Founded in 2008, the Exness Group has grown into a global trading powerhouse, offering its services through several affiliates worldwide. Led by CEO and founder Petr Valov, the company is built on a foundation of transparency and integrity, which are central to its business strategy.
As a renowned and award-winning brand in the retail FX trading space, Exness holds regulatory licenses in multiple regions, including the United Kingdom, Cyprus, Seychelles, and South Africa. The company has also set remarkable milestones, being the first to reach monthly trading volumes of $1 trillion and $2 trillion, with over 260,000 active live accounts.
Exness Group is headquartered in Limassol, Cyprus, with additional offices in London, South Africa, Seychelles, Curaçao, and the British Virgin Islands. It’s important to note that the Cyprus and UK offices do not offer trading services to retail investors. The company has grown its workforce to more than 500 employees globally.
Regulation and Safety
One of the first things traders consider when choosing a broker is regulation, and Exness does not disappoint. It is regulated by multiple authorities, including:
- CySEC (Cyprus Securities and Exchange Commission)
- FCA (Financial Conduct Authority, UK)
- FSCA (Financial Sector Conduct Authority, South Africa)
- FSA (Financial Services Authority, Seychelles)
These regulatory bodies ensure that Exness operates transparently and securely, offering protection to clients and their funds.
Account Types
Exness provides several account types tailored to suit different trading styles and needs:
Exness Standard Account
- Offers a Minimum deposit of $10
- Spread: From 0.3 pips
- Leverage: Up to 1:2000
- Best for: Beginners and intermediate traders
Exness Raw Account
- Minimum deposit: $500
- Spread: From 0.0 pips
- Commission: $3.5 per lot per side
- Best for: Advanced traders who want tighter spreads
Exness Zero Account
- Minimum deposit: $500
- Spread: From 0.0 pips
- Commission: From $3.5 per lot per side
- Best for: High-volume traders who prioritize zero spreads
Exness Pro Account
- Minimum deposit: $500
- Spread: From 0.1 pips
- Commission: None
- Best for: Experienced traders who prefer no commission charges
Trading Platforms
Exness offers support for both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two highly regarded trading platforms in the industry. These platforms are available for free download on PC and desktop devices and can also be accessed via all major web browsers, including those on Windows XP, Windows 10+, and Mac systems. The key features of these platforms are highlighted below.
MetaTrader 4 Web Terminal
- 9 timeframes
- Live news streams
- Customizable charts
- 4 pending order types
- Analysis of quote dynamics
- Single-thread strategy tester
- Access to Expert Advisors (EAs)
- 50+ built-in technical indicators
- Ability to overlay analytical objects
- User-friendly, multilingual interface
- Interbank liquidity and fast execution
- Daily account statement with profit & loss summary
MetaTrader 5 Web Terminal
- 21 timeframes
- Hedging allowed
- One-click trading
- 6 pending order types
- Built-in economic calendar
- Multi-threaded strategy tester
- 80+ built-in technical indicators
- Set stop loss and take profit levels
- Enhanced order management capabilities
- Customizable charts, view up to 100 simultaneously
The Exness website is accessible in 14 different languages, ensuring a smooth user experience across the homepage, account sign-up process, and all educational resources. Additionally, both web-based trading platforms offer multilingual support, catering to a global audience.
Spreads and Commissions
The spreads and commissions at Exness vary depending on the account type you choose. For example:
- Standard Account: Spreads start from 0.3 pips with no commission.
- Raw Spread Account: Tight spreads starting from 0.0 pips but with a commission of $3.5 per lot per side.
- Zero Account: Zero spreads on major pairs, with a commission starting at $3.5 per lot per side.
- Pro Account: Spreads start from 0.1 pips with no commission.
Exness offers competitive spreads and low commission fees, making it suitable for both retail traders and professionals.
Leverage Options
One of the standout features of Exness is its high leverage offering, which can go up to 1:2000 depending on the asset class and account type. High leverage allows traders to control larger positions with a smaller initial investment. However, it is important to note that while high leverage can increase profits, it can also magnify losses, so it’s essential to use it cautiously.
Deposit and Withdrawal Methods
Exness supports a variety of deposit and withdrawal options, including:
- Bank transfers
- Credit/Debit cards (Visa, Mastercard)
- E-wallets (Neteller, Skrill)
- Cryptocurrencies (Bitcoin, Tether, Ethereum)
One key advantage of trading with Exness is the instant withdrawal feature for most payment methods, allowing traders to access their funds quickly. There are no hidden fees for deposits or withdrawals, which adds to the broker’s appeal.
Customer Support
Exness provides 24/7 customer support in multiple languages, making it accessible for traders around the globe. You can reach them via:
- Live chat: Available directly on their website
- Email: Support team available for detailed queries
- Phone: Direct calls for urgent support
The support team is known for being responsive and professional, which is a significant plus for both new and experienced traders.
Educational Resources
For beginners, Exness offers a range of educational resources including video tutorials, webinars, and market analysis. These materials help traders understand market fundamentals, technical analysis, and risk management, ensuring they have the knowledge needed to trade successfully.
Pros and Cons of Exness
| Pros | Cons |
|---|---|
| Regulated by CySEC, FCA, and FSCA | Higher minimum deposit for pro accounts ($500) |
| Low minimum deposit ($10) | Limited asset offerings compared to competitors |
| Competitive spreads and commissions | |
| High leverage (up to 1:2000) | |
| Instant withdrawals and no hidden fees | |
| MT4 and MT5 platforms available | |
| 24/7 customer support | |
| Wide range of payment methods | |
| Educational resources for traders |
Pros:
- Regulated by top-tier authorities like CySEC and FCA
- Low minimum deposit requirement ($10)
- Competitive spreads and commission rates
- High leverage (up to 1:2000)
- Instant withdrawals and multiple payment methods
- MT4 and MT5 platforms available
- 24/7 customer support in various languages
Cons:
- Higher minimum deposit for professional accounts ($500)
- Limited asset offerings compared to some competitors
Conclusion
Exness is a reliable broker offering a solid combination of regulation, competitive spreads, and flexible account options. With low deposit requirements and high leverage, it’s an ideal choice for both beginner and experienced traders. The variety of platforms, including MT4 and MT5, ensures that you have access to advanced trading tools, whether you are trading forex, cryptocurrencies, or commodities.
If you are looking for a broker that provides instant withdrawals, excellent customer service, and a wide range of assets to trade, Exness is worth considering.
Frequently Asked Questions About Exness
Yes, Exness is a regulated broker with oversight from respected bodies such as CySEC, FCA, and FSCA, ensuring your funds are safe and secure.
The minimum deposit for the Standard Account is just $10, making it accessible for beginners. For professional accounts, the minimum deposit starts at $500.
Yes, Exness provides a demo account for traders to practice without risking real money.
Most withdrawals through e-wallets and cryptocurrencies are processed instantly, while bank transfers may take longer.
Exness offers leverage of up to 1:2000, depending on the asset and account type.
By focusing on regulation, flexibility, and customer support, Exness stands out as one of the top brokers for traders globally.
Top 3 Alternatives to Exness
Here’s a comparison of Exness with three top alternatives that accept traders from your location:
1. IG
It was founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded company (LSE: IGG). It offers an extensive range of markets, including spread betting, CFDs, and forex trading across over 17,000 instruments. IG provides user-friendly platforms and investing apps, making it ideal for both novice and experienced traders.
- 17,000+ markets
- Spread betting and CFDs
- Trusted and regulated for over 50 years
- Risk Warning: Spread bets and CFDs are high-risk and may result in rapid losses. 70% of retail investor accounts lose money trading these products.
2. IC Markets
It was established in 2007 and headquartered in Australia, IC Markets is a globally recognized forex and CFD broker. Known for its competitive pricing and advanced trading technology, IC Markets serves clients from over 200 countries, offering access to a wide array of trading instruments.
- Regulated by ASIC, CySEC, and FSA
- Advanced trading tools and competitive spreads
- Over 180,000 clients globally
3. Pepperstone
Pepperstone was founded in 2010, and it is a top-tier forex and CFD broker, catering to over 400,000 clients worldwide. It offers access to more than 1,300 instruments across popular platforms such as MT4, MT5, cTrader, and TradingView, with low and transparent fees. Pepperstone is regulated by several top financial authorities.
- 1,300+ trading instruments
- Access to leading platforms (MT4, MT5, cTrader)
- Transparent pricing and low fees
- Regulated by FCA, ASIC, and CySEC
Exness vs Competitors:
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Each broker provides robust trading environments, but the choice between them will depend on individual trading needs, risk tolerance, and platform preferences. We hope this Exness review has assisted you to make an informed decision. You may also want to see our tutorial on to open an account on Exness and you might need forex signals when trading if you are a beginner.
Editorial Staff at Chweya is a team of financial experts led by Vincent Nyagaka, with over 9 years of experience in finance, commerce, forex, crypto, and marketing. Started in 2014, Chweya is now among the largest free financial resource sites in the industry and is often referred to as Wikipedia for business.
