Exness Comprehensive Review

Exness Broker Overview

Exness is an online multi-asset brokerage firm that was founded in 2008. It is regulated by several different financial authorities, including CySEC, the FCA in the UK, and the FSA in Seychelles.

As a broker, Exness offers traders access to a wide range of tradable CFD instruments, ranging from stocks and indices to cryptocurrencies, currency pairs, metals, and energies. They provide trading platforms such as MT4 and MT5 for desktop and mobile devices.

Additionally, they provide 24/7 customer support in multiple languages to ensure traders receive optimal trading conditions and the “frictionless trading experience” the global broker promises.

Exness has more than 300,000 active users globally, making it one of the most popular brokers currently in operation.

Exness has won several awards over the years, making it one of the most popular brokers in the world. If you're looking for a reliable, reputable, and trusted broker that offers a wide range of investment opportunities, then Exness can be a good choice. In addition, with tight spreads and no hidden charges, Exness is one of the most transparent brokers in the market today.

Discussing Regulations

Exness (VG) Ltd is authorized by the Financial Services Commission (FSC) in BVI with registration number — 2032226 and investment business license number — SIBA/L/20/1133.

The Exness Group is a highly regulated and licensed brokerage having CySEC, FCA, SFSA, and other licenses.

Over the years, this platform has eventually gained the necessary licenses from global financial institutions. However, getting support from CySEC is one of the most challenging things for any broker, but Exness has made it possible too.

Due to the platform's wide range of licenses and regulations, it can offer its services across several countries globally. The broker offers B2B but not retail services in the European Economic Area (EEA), the UK, and other countries.

Exness (SC) Ltd is a Securities Dealer authorized and regulated by the Seychelles Financial Services Authority (FSA) with license number — SD025. Therefore, Exness has become an authentic and reliable choice for online traders with compulsory licenses and regulatory approvals.

As a trader, you are protected by Exness's various safety measures that are in place to keep your funds safe. In addition, they provide advanced risk management systems and trade monitoring tools to minimize the potential risks of trading while also offering 24/7 customer support to help you navigate any issues or concerns that may arise.

Additionally, they have a robust security infrastructure to safeguard your funds, with multi-factor authentication and encryption protocols that help keep your data secure. Overall, if you are looking for an experienced and reliable broker with solid safety measures and regulatory oversight, Exness is excellent.

Exness Fees

One of the key benefits of trading with Exness is its very competitive and transparent fees. They offer tight spreads on all their trading instruments, helping you save money while maximizing the size of your trades. Additionally, they do not charge any hidden fees or commissions to use their services, so you don't have to worry about any nasty surprises at the end of your trading session. The exact costs vary by multiple factors. Have a look at the pricing below:

Spread/Trading Fees

Exness spread works on tight variable spreads, which are also specified by the account type. For example, the Standard Account spreads begin from 0.3 pips and have no commission on trading volume. However, all trades you place are billed in cents: the Standard account charges are based on tight spreads from 0.1 pips.

Rollover

Rollover fees are charged when you hold a position overnight. You need to consider the quality and quantity of your trading activities to determine if the rollover fees are cost-effective. Every instrument charges a different quote, which can be a fee or a refund.

Swap Fees

For trading in the forex market, you are charged a swap fee. The exact amount depends on multiple factors, such as the currency pair and your account type.

Exness deposit and withdrawals

Exness offers multiple deposit and withdrawal options to help you conveniently fund your account and withdraw your profits. You can choose from various methods, including bank transfers, credit/debit cards, e-wallets such as Skrill and Neteller, and crypto-wallets such as Bitcoin and Ethereum.

The exact methods available to you may vary depending on your country of residence. Deposits, as well as withdrawals, are instant on Exness’ side - any delays are subject to the payment provider of choice.

The minimum deposit amount is just $10, and the maximum deposit is USD 16,000 per transaction. Withdrawals are processed instantly, meaning that the transaction is carried out without manual processing from Exness and sent to the payment providers within seconds. There are no hidden fees or commissions charged for making a deposit or withdrawal, and all transactions are securely encrypted to protect your personal and financial data.

Deposit and withdrawal methods

• Bank Wire Transfers.
• Major Credit Cards.
• E-systems such as Neteller and Skrill.

Exness Tradable markets and products

Exness offers a wide range of tradable markets and products, giving you plenty of options to diversify your portfolio. CFDs are available on forex, stocks, indices, cryptocurrencies, metals, and energies. In addition, you can trade over 100 currency pairs, including all the significant majors such as EUR/USD, GBP/USD, USD/JPY, and AUD/USD.

They also offer a variety of other markets, including seven cryptocurrencies, stock indices such as the Dow Jones Industrial Average (DJIA) and S&P 500, and commodities such as gold, silver, and crude oil. You can trade all these markets on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, both recognized as the industry standard for forex trading. It is also worth knowing that the list of the available instruments is constantly updated.

If you are not a seasoned trader or simply want to check the Exness trading platform before funding your real trading account, then Exness offers a free demo account. It gives you access to all the same markets and products on a demo platform.

The demo account is fully functional, allowing you to make simulated trades just as you would on a real account. It is an excellent way for beginners to learn more about forex trading without having to risk any of their own money.

Exness leverage

It offers you leverage between 1:2 to 1:unlimited, which is very high leverage, and it helps you trade with a small amount of money. Only a few brokers in the market offer this much leverage, so it's an advantage for Exness traders.

However, it's important to note that while high leverage can help you generate significant profits, it can also increase the risk of losses. Therefore, always use a stop loss and manage your risk carefully when trading with high leverage.

It is important to note that Exness does not provide any guarantee of profit as a result of leveraging. Thankfully, Exness provides a number of protective features such as Negative Balance Protection which essentially ensures that losses cannot exceed your initial investment. However, leverage should only be used if you fully understand the potential risks involved.

Exness Trading Platform and Tools

Exness offers you a wide variety of tools to make your trading more convenient and efficient. It provides a superior web-based and desktop-based trading experience. A proprietary web-based platform is an excellent option for traders who prefer an easy-to-use interface.

It is easy to access and offers valuable features, including market news feeds, real-time price charts, customizable layouts, and advanced order types. If you prefer to trade on the go Exness also offers a proprietary mobile app.

If you prefer a more robust experience, you can choose to trade on the desktop-based MetaTrader 4 and 5. They are faster and offer more advanced tools to help you analyze the market and execute trades with ease. You can even choose which order types you want to access, giving you complete control over your trading experience.

Web Trading

If you want to trade on the go, the Exness web trading platform is a great option. It allows you to access your account and make trades anytime, anywhere by simply logging into the website with the username and password. Alternatively, you can use both MT4 and MT5 trading apps, giving you the ability to trade a wide range of assets.

MT4 is a tried and trusted platform that traders around the world have come to rely on. It offers everything you need to make trades, including fast execution speeds and in-depth market analysis tools like real-time price charts and news feeds. And if you are a fan of automated trading, MT4 has many valuable features like expert advisors to help you create and execute your trading strategy.

MT5 is the newest version of the MT4 platform with even more features to help you trade better. It includes all the same great features as MT4 and adds some new ones, like economic calendar and market depth information. It makes it an ideal platform for advanced traders who want to have all the information they need right at their fingertips.

Desktop Trading

If you want a more detailed experience, you can use the Exness Web Terminal. It is faster and gives you access to all the same tools available on web-based platforms. In addition, the desktop trading platform allows you to customize your trading layout, so it fits your style and needs.

You can also access orders like market, pending, and stop orders. It gives you complete control over your trades and lets you set your own rules for when to place them. In addition, you get access to both MT4 and MT5 platforms on the desktop, giving you the ability to trade a wide range of assets.

Mobile Trading

You can also access your Exness account on mobile devices. The mobile trading platform gives you the same features as the web-based and desktop platforms. It includes real-time price charts, market news feeds, and advanced order types. You can also use the mobile platform to manage your account and make deposits and withdrawals. You can quickly access your MT4 and MT5 terminals on the mobile app, allowing you to trade a wide range of assets.

Trading style

The Exness trading platform offers a variety of tools to help you trade effectively, regardless of your trading style. Whether you are an experienced trader or just starting out, the web-based and desktop platforms provide all the features you need to succeed. In addition, you get economic calendars, free technical analysis from Trading Central, and even a VPS service to help you optimize your trading experience.

Exness account types

This multi-asset broker offers several different types of accounts to suit the needs of a wide range of traders. The basic account is suitable for beginners and offers several tools needed for fundamental and technical analysis and to learn about trading and practice your strategies. If you are an experienced trader, however, you can open a professional with all the advanced tools to help you succeed.

Standard account

The Standard account is the basic trading account at Exness and gives you access to all the tools needed for successful trading. You get low spreads, quick execution speeds, and unrestricted access to MT4 and MT5 platforms. It is ideal for beginners who are just getting started with trading but want access to advanced features like expert advisors.

• Minimum deposit: Depends on the payment system.
• Spread: From 0.3 pips.
• Commission: No commission.
• Maximum leverage: 1:Unlimited.
• Instruments:Forex, metals, cryptocurrencies, energies, stocks, indices.
• Maximum lot size: 200 (7:00 - 20:59 GMT+0), 20 (21:00 - 6:59 GMT+0).
• Maximum number of positions: Unlimited.
• Hedged margin: 0%.
• Margin call: 60%.
• Stop out: 0%.

Exness Standard Cent

The Exness Standard Cent is better suited for less seasoned traders as it allows them to trade smaller volumes with much smaller trading units (cent lots). The Standard Cent offers the smallest minimum volumes available which are ideal for testing trading strategies.

• Minimum deposit: Depends on the payment system.
• Spreads: From 0.3 pips.
• Commission: No commission.
• Maximum leverage: 1.
• Instruments: Forex, metals, cryptocurrencies, energies, stocks, indices.
• Maximum lot size: 200 cent lots (7:00 - 20:59 GMT+0), 20 cent lots (21:00 - 6:59 GMT+0).
• Maximum number of positions: 1000.
• Hedged margin: 0%.
• Margin call: 60%.
• Stop out: 0%.

Professional accounts

Professional accounts meet the needs of all experienced traders. Some of the key highlights are low spread or spread-free accounts, day-traders, and professional algo traders. It offers three pro accounts:

Raw Spread

• Minimum deposit: $200*
• Spread: From 0.0.
• Commission: Up to $3.50 each side per lot.
• Maximum leverage: 1:Unlimited.
• Instruments: Forex, metals, cryptoсurrencies, energies, stocks, indices.

Zero

• Minimum deposit: $200*.
• Spread: From 0.0.
• Commission: From $0.2 each side per lot.
• Maximum leverage: 1:Unlimited.
• Instruments: Forex, metals, cryptoсurrencies, energies, stocks, indices.

Pro

• Minimum deposit: $200*.
• Spread: From 0.1.
• Commission: No commission.
• Maximum leverage: 1:Unlimited.
• Instruments: Forex, metals, cryptoсurrencies, energies, stocks, indices.

*Based on the region. Refer to the company’s website for up-to-date information.

How to open an account

To open an account with Exness, simply visit their website and click on the "Open Account" button at the top of the page. From there, you will be prompted to fill in your personal information and, from there, to choose between a demo or a real money account based on your trading experience and needs.

Once you have selected your account type, you can enter basic information about yourself and your trading goals. If the real money account is chosen, you will also need to choose which account type you prefer. After that, you will need to verify your identity and residency before funding your account and starting to trade.

Note that you can open multiple accounts and with each new account you can choose a different account type, account currency, leverage, and more.

Once your account is ready, you can log in to the web-based or desktop platform and start trading. If you need help getting started, Exness offers a variety of resources, including video tutorials, FAQs, and even one-on-one support from their customer service team.

Customer support of Exness

One of the things that set Exness apart from other brokers is its customer support. The customer service team is available 24/7 in multiple languages, and they are always willing to help you with any problems you may have. The support team is also available 24/7 in English, Thai and Chinese. In addition, you can contact customer support through live chat, email, or telephone.

You don't have to worry about your account being hacked or stolen personal information. Exness uses state-of-the-art security measures to protect your account and keep your personal data safe.

Research tools of Exness

This platform offers a wide range of research tools to help you make informed trading decisions. You get free technical analysis from Trading Central, economic calendars, and market news feeds. You can also access a VPS service to help you optimize your trading experience.

Fundamental analysis

You can read commentary and analysis on social media, company press releases, and political events to help you anticipate market trends.

Technical analysis

The Trading Central research tool provides free technical analysis on more than 200 instruments. You get expert technical indicators, real-time price charts, and trading ideas drawn from the most effective trading strategies. This makes it easy to spot opportunities when they appear in the markets.

Forex Calendar

Another great tool for fundamental traders is the Forex calendar which offers insights into economic events that could affect asset prices. It includes market performance, upcoming economic data, and key financial statements to stay up-to-date with global financial developments.

Trading tools of Exness

Exness is known for providing a wide range of trading tools to help traders optimize their experience. It includes advanced charting and trading interfaces, automatic expert advisors, and market news feeds so that you can stay on top of the latest market developments.

In addition, it offers a VPS service to help you execute your strategies more efficiently and free technical analysis from Trading Central to give you more significant insights into price movements. So whether you are a beginner or an experienced trader, Exness has the tools you need to succeed in today's dynamic markets.

Informational content from Exness

Often overlooked, education is a cornerstone of success when it comes to trading. That’s why our Exness review takes a look at the educational offerings at the broker. What we found is that Exness offers little in the way of education for traders. There is a blog, but it is infrequently updated and not the best
educational resource.

While Exness’ education resources are limited it is worth noting that the multi-asset broker targets more experienced traders overall.

Resource Center

You will get in-depth information regarding trading conditions, account types, and the various platforms that Exness offers. The resource center is designed to help you make the most of your trading experience. You get help regarding the personal area, payment systems, terminals, trading, VPS, and many more essential aspects of multi-asset trading.

Blogs

You get a wide range of free blogs that provide insight into the world of forex trading, including technical analysis tips and insights on fundamental economic developments.

Newsfeed

As a trader, you need to stay on top of market events to anticipate price movements in your favor. That's why Exness provides an up-to-date news feed covering political events, company performance, and critical financial statements around the globe.

In addition, you get access to hundreds of instruments with real-time charts and technical indicators to help you make informed decisions. With its advanced tools and research resources, Exness is designed to help traders succeed in today's dynamic markets.

Unique Features and Awards

Exness is one of the few brokers that offer negative balance protection so that you never have to worry about losing more money than you have in your account. This feature is designed to help you manage your risk and protect your capital.

In addition, it has been recognized for its excellence in customer service and for providing advanced trading tools to help traders succeed. Whether you are a beginner or an experienced trader, Exness has the resources you need to grow and achieve financial freedom in today's dynamic markets.

Exness is also multi-awarded. The most recent awards we could find:

• Best Customer Support Award at Financial Markets Expo Cairo 2021.
• Premium Loyalty Program Award at Financial Markets Expo Cairo 2021.
• Most Innovative Broker at Dubai Expo 2021.
• Most People-Centric Broker at Traders Summit 2022.
• Global Broker of the Year at Traders Summit 2022.

Exness multi-asset broker in a nutshell

If you are looking for a reliable and reputable multi-asset broker, Exness is an excellent choice. It is regulated by some of the most stringent financial authorities globally and has been recognized for its excellence in customer service and advanced trading tools. Whether you are a beginner or an experienced trader, Exness has the resources you need to succeed to achieve financial freedom in today's dynamic markets.

Moreover, the broker provides access to many markets, including forex, indices, commodities, and cryptocurrencies. You can trade on the go with its mobile trading platforms or take advantage of its advanced tools and resources with its desktop trading platform. Whichever platform you choose, you can ensure that you will have everything you need to succeed in today's dynamic markets. So, if you are looking for a reliable and reputable multi-asset broker, then Exness is the right choice for you.

FAQ

What is the difference between an Exness Real and Demo account?

The main difference between an Exness Real and Demo account is that a Real account allows you to trade with real money, while a Demo account is for practicing purposes only. Both accounts give you access to the same trading platforms, market conditions, and customer support. However, the profits or losses in a Demo account are not real and cannot be withdrawn. To open a Real account, you will need to deposit money into your account. For a Demo account, no money is required, and you can start trading immediately. If you are new to forex trading, we recommend opening a Demo account first to practice and gain experience before switching to a Real account.

Is a bonus program available for the new Exness account types?

As of now, the broker is offering no bonus program for its account types. However, you can take advantage of the company's educational resources to improve your trading skills and maximize your profitability. For more information on these resources and other features offered by Exness, please visit their website or contact them.

Which Exness account types will be swap-free?

Exness has two swap-free levels that are available to all its accounts:

The standard swap-free level applies strictly to stocks, cryptocurrencies, indices, and XAU/USD. However, all other instruments do have swap fees.

The extended swap-free level gives trades access to all the following currency pairs free of swap fees: AUD/NZD, AUD/USD, EUR/CHF, EUR/USD, GBP/JPY, GBP/USD, NZD/USD, USD/CAD, USD/CHF, USD/JPY, USOIL, AUD/CHF, AUD/JPY, EUR/AUD, EUR/CAD, EUR/GBP, EUR/JPY, EUR/NZD, GBP/CHF, GBP/NZD, NZD/JPY, NZD/CAD, XAU/USD In addition, there are no swap fees for indices, cryptocurrencies, and stocks. However, swap fees are charged for all other instruments on the platform.

All clients trade on an Extended swap-free account, and based on their trading behavior, they can either keep their status or switch to the Standard.

Can you register for several Personal Areas with a single email address?

You can only register for one Personal Area with a single email address. You will need to use a different email address to open another account. However, you can easily access your existing Personal Area by logging into your account with your current email and password. If you need help logging in or accessing other features, please contact Exness customer support.

Is it required to verify an account?

Yes, all new accounts must be verified to start trading. Depending on your country of residence and the type of account you choose, you may need to provide additional documentation, such as a scan of your passport or proof of residence. To verify your account, simply login to your Personal Area and follow the verification instructions provided by Exness.

It's highly recommended to verify the accounts as soon as possible to avoid any delays or disruptions in your trading.

What size of the verification documents is allowed?

You can upload documents up to 15 MB in size. If your documents are larger than 15 MB, you can compress them into a ZIP file or send them to Exness via email. Uploaded files support formats including PDF, images, and other standard files. To learn more about the document requirements for your particular account type, please contact Exness customer support directly.

How can you check the status of the Exness verification documents?

Once you upload your Proof of Identity (POI) and Proof of Residence (POR), you will receive an email confirmation from them stating that your documents are received and under review. In addition, you can check the status of your account by logging into your Personal Area and viewing the verification history section. It will provide you with details on when your documents have been processed and approved, as well as updates about any delays or additional steps required to complete the verification process.

How long does it take to verify your trading account?

Once you upload your documents, they are typically verified in 1-2 business days. However, there may be delays if your proof of identity or residence does not meet the requirements provided by Exness. In this case, you will receive an email notification with instructions on how to proceed and complete the verification process as soon as possible.

Why do you need an account currency?

An account currency is required in order to trade on the Exness platform. The account currency you choose will determine the denomination of your trades, as well as the profit or loss you incur from each trade.

You can choose from a variety of major and minor currencies when opening an account with Exness, including USD, EUR, GBP, JPY, CHF, AUD, CAD, NZD, and more.

Can I change my account currency after my account is opened?

Yes, you can change your account currency at any time by logging into your Personal Area and going to the "Settings" tab. From there, simply select the "Change Account Currency" option and choose the new currency you would like to use. Please note that there may be a fee for changing your account currency, so it's important to check with Exness customer support before making any changes.

What is the minimum deposit required to open an account?

The minimum deposit required to open an account depends on the account type. For example, the minimum deposit for a Standard Cent account is $10, and the minimum deposit for a Pro account is $200*.

To learn more about the different account types available with Exness and the minimum deposit requirements, please contact their customer support team directly. They will be happy to help you select the correct account type and guide you through the account opening process so you can start trading.

Are old bonus programs available after the new account type launch?

No, Exness offers no bonus programs.

Which instruments are available?

The instruments available to trade on Exness include forex, metals, and more. To see a full list of the instruments available, simply login to your Personal Area or contact their customer team.

How to check your trading account's type?

To check your trading account type, you can log in to your Personal Area on the Exness website and view the verification history section. It will provide details about when your documents have been processed and approved, as well as any additional steps required to complete the verification process.

How to get the transaction number in the Personal Area?

The transaction number is a unique identifier for each trade you make on the Exness platform. To view your transaction number, simply login to your Personal Area and go to the "History" tab. From there, you will be able to see all of your past trades, as well as the transaction number for each one.

Which instruments are available on the Zero account?

The instruments available to trade on the Zero account include CFDs on currency pairs, metals, cryptocurrencies, energies, indices, and stocks.

Which instruments are available on the Zero account?

The instruments available to trade on the Zero account include CFDs on forex, metals, cryptocurrencies, energies, indices, and stocks.

What are the minimum and maximum lot sizes for all account types?

What will happen to your trades if the account you use is renamed?

You don't have to worry about your trades being affected if the account you use is renamed. The new account name will be automatically updated in your Personal Area, and all of your open positions and pending orders will remain intact.

How to change the leverage?

The leverage you use can be changed at any time by logging into your Personal Area and going to the "Settings" tab. From there, you can select the desired leverage from the drop-down menu. Please note that changing your leverage may change your margin requirements, so it's essential to check with customer support before making any changes.

Is trading with Exness profitable?

There is no definitive answer to this question, as trading profitability depends on a variety of factors, including your level of experience, the types of instruments you trade, and market conditions. That being said, many traders choose to trade with Exness due to its flexible account options and wide range of trading instruments. So if you are looking for a broker that can offer you a variety of ways to profit from the markets, Exness may be a good option for you.

Where are Exness offices?

Exness has offices around the globe, including in Cyprus, Malaysia, and more. To find out more about their locations and contact information, visit the Exness website.

What is Exness's withdrawal policy?

You have the right to withdraw money from your account at any time. Exness is one of the rare brokers that allows withdrawals even on weekends. The amount that you are allowed to withdraw will always be displayed in the Personal Area of the Exness website. Remember to check that amount first before withdrawing.

The required withdrawal method must be the same as the one used at the time of deposit. If you deposit money in more than one way, you must withdraw it in each of those ways.

How to use the auto trading bot on Exness?

To use the auto trading bot on Exness, simply download the bot from MLQ5.com. This is the official website of MetaTrader, so it is guaranteed that the bots will work well on Exness MT4 and MT5 platforms.

• Open the trading program and log in to your Exness account.
• Select File - Open Data Folder.
• Copy the files into the corresponding folders in the Data Folder: advisor files go into MQL4\Experts\.
• Close the trading program and open it again.
• Select Tools - Options - Expert Advisors. Then click Allow automated trading and then OK.
• Look in the left-hand column, and select Expert Advisors. A list of automated trading bots will appear.

For more information on using the auto trading bot on Exness, please contact their customer support team.

Are CFDs on indices available for all?

No, they're not available for all account types. For example, CFDs on Indices are available for Standard, Standard Plus, Pro, Raw Spread, and Zero accounts, but they're not available for Standard Cent accounts.

Which instruments are available on the Pro account?

The Pro account at Exness provides access to various instruments, including forex currency pairs, metals, cryptocurrencies, energies, indices, and stocks.

What is spread, and what type is offered by Exness?

Spread is the difference between the current prices for buy and sell orders of a particular trading instrument. The spread offered by Exness varies depending on the instrument you are trading, as well as your account type.

What is spread, and what type is offered by Exness?

Spread is the difference between the current prices for buy and sell orders of a particular trading instrument. The spread offered by Exness varies depending on the instrument you are trading, as well as your account type.

Dynamic spread — This is the most common type of spread and is based on market conditions. The value of the spread will change depending on factors such as liquidity, volatility, and market news.

Fixed spread — As the name suggests, this type of spread is fixed and does not change based on market conditions. This makes it a popular choice for traders who want more predictability in their trading.

Can you check the spread for each instrument?

Yes, you can check the spread for each instrument by logging in to your MT4/MT5 account and selecting the market watch window. Once you have opened this window, simply right-click anywhere on the screen and select "spread" to see a new column with the specific spread amount for each instrument. It will help you find the best trading opportunities based on current market conditions and choose an appropriate account type to match your trading needs.