Exness Review

4.8

 4.8/5

Exness services relate to complex derivative products which are traded outside an exchange. These products come with a high risk of losing money rapidly due to leverage and thus are not appropriate for all investors. Under no circumstances shall Exness have any liability to any person or entity for any loss or damage in whole or part caused by, resulting from, or relating to any investing activity

Exness.com

Highlights

Established History: Founded in 2008, Exness boasts an impressive track record of 15 years in the forex and CFD market, solidifying its position as a major player.
Global Presence: Exness caters to a vast international audience with an active client base exceeding 400,000 and a workforce of over 2,000 employees spread across Asia and Europe. While not available in Europe and the UK for retail clients, Exness maintains a significant presence in Asia, Africa, and other regions, catering to a wide range of international traders.
Regulatory Compliance: Exness operates under the oversight of multiple regulatory bodies, including CySEC and the FSA. However, it’s important to note that retail clients are typically assigned to offshore entities with fewer protections compared to top-tier regulators.
Trading Platform Variety: Offers both the user-friendly proprietary Exness Terminal with integrated TradingView charts and the popular MetaTrader 4 & 5 platforms, catering to traders of all experience levels.
Advanced Features: Exness offers unique features like swap-free accounts with varying instrument coverage, instant withdrawals, transparent price history with tick-level data, free VPS hosting, and social trading, providing additional value for its clients.
Comprehensive Educational Resources: The Exness Academy offers in-depth courses and materials, specifically three comprehensive courses encompassing dozens of video lessons and articles, making it suitable for beginners seeking to learn and experienced traders looking to refine their skills.

About

History: Established in 2008, Exness has rapidly expanded its services and global reach, focusing on technological innovation and competitive trading conditions. The company has grown to a size of over 2,000 employees with offices located in Asia and Europe.
Domicile: Headquartered in Limassol, Cyprus, with a strong presence in Africa.
Ownership: Exness is a private company with multiple entities operating under different regulations across various regions.

Rating

4.8

 4.8/5

Review By

Brendan Walsh

Seasoned macro trader, managed billions from the Credit Crunch to COVID-19 and everything in between. Traded most assets you’ve heard of and a few you haven’t, and still alive to tell the tale. A student of history, markets, and psychology and a lover of risk and weirdness.

Overview

Exness, founded in 2008, is a leading forex and CFD broker catering to a global audience. The company offers a wide range of trading instruments, including 100+ forex pairs and a list of 33 cryptocurrencies, along with advanced platforms, and competitive trading conditions. With a focus on transparency and client satisfaction, Exness provides features like swap-free accounts, instant withdrawals, and social trading to enhance the trading experience. However, it’s important to note that retail clients from Europe and the UK are not accepted, and many clients are assigned to offshore entities.

Category	Details
Tradeable Assets	Forex, Indices, Cryptocurrencies, Commodities, Stocks
Min Deposit	$0
Forex Majors Spread	Starting from 0.3 pips (e.g., EUR/USD)
Regulators	CySEC (Cyprus), FSA (Seychelles), FSCA (South Africa), BVI FSC (Virgin Islands, British), FSCM (Mauritius), CMA (Kenya)
Trading Platforms	Exness Terminal (with TradingView charts), MetaTrader 4 & 5
Funding Methods	Bank transfer, Credit/Debit Card, E-wallets (Skrill, Neteller, etc.), Cryptocurrencies
Currency Pairs	100+ pairs including majors, minors, and exotics
Available Leverage	Up to 1:2000 (depending on the entity and regulation): 1:500 (FSA), 1:500 (FSCA), 1:1000 (BVI FSC), 1:499 (FSCM), 1:2000 (CMA), 1:30 (FCA), 1:30 (CySEC)
Broker Type	Market Maker (for Standard accounts)
Founded	2008
Country	Headquartered in Cyprus with various entities across the globe
Free Demo Account	Yes
Clients Accepted	Global, with restrictions for retail clients in Europe, the UK, and certain other countries.
Pricing System	Variable spreads
Inactivity Fee	No

Introduction

Pros:

Competitive Spreads and Fees: Especially for forex pairs, with no inactivity, deposit, or withdrawal fees.
Diverse Trading Platforms: Catering to both beginners (Exness Terminal with TradingView charts) and experienced traders (MetaTrader 4 & 5).
Wide Range of Instruments: Including forex, cryptocurrencies, commodities, indices, and some stocks.
Unique Features: Swap-free accounts (Standard and Extended levels) with varying instrument coverage, instant withdrawals, transparent price history with tick-level data, free VPS, and social trading.
Educational Resources: Comprehensive courses and materials through the Exness Academy, including three in-depth courses covering various trading aspects.

Cons:

Limited Availability: Not accessible to retail clients in Europe and the UK.
Offshore Entities: Retail clients are often assigned to offshore entities with limited regulatory oversight and fewer protections compared to top-tier regulators.
Limited Stock CFDs: Compared to other instruments, the range of available stock CFDs is relatively small.

History of Exness.com

Exness, established in 2008, embarked on its journey with a vision to provide a transparent and client-centric trading environment. The company’s early years were marked by a focus on technological innovation and building a robust infrastructure to support a growing global clientele. Exness quickly gained traction for its competitive trading conditions and commitment to providing a seamless trading experience.

Over the years, Exness has consistently expanded its range of tradable instruments and introduced new platforms to cater to the evolving needs of traders. The launch of the proprietary Exness Terminal, with its user-friendly interface and advanced charting capabilities, marked a significant milestone in the company’s development. Additionally, Exness has embraced the growing popularity of cryptocurrencies, offering a diverse selection of digital assets for trading.

Exness’s commitment to transparency is evident in its readily available historical tick data and its active engagement with the trading community. The company has also established itself as a responsible corporate citizen, engaging in various philanthropic initiatives and supporting local communities.

Where does Exness.com Operate

Exness boasts a significant global footprint, with a particularly strong presence in Asia, Africa, and other regions. However, it’s important to note the limitations on its accessibility:

Europe and the UK: Exness does not accept retail clients from these regions, focusing instead on B2B financial services for professional institutions.
Other Restricted Regions: Exness also excludes clients from certain countries due to regulatory constraints or other factors, including the United States, Canada, and Australia.
Global Reach: Despite these limitations, Exness caters to a wide range of international clients, providing localized services and support in multiple languages.

Regulatory Landscape:

Exness operates under the oversight of several regulatory bodies, depending on the region and entity:

CySEC (Cyprus Securities and Exchange Commission): Considered a top-tier regulator, providing a high level of client protection.
Offshore Regulators: Several Exness entities are regulated by offshore authorities such as the FSA (Seychelles), FSCA (South Africa), and BVI FSC (British Virgin Islands).

Investment Offering

Exness provides a diverse range of investment opportunities catering to the varied interests and strategies of global traders. Here’s a detailed look at the available asset classes and trading conditions:

Forex Trading:

Currency Pairs: Exness offers an extensive selection of over 100 currency pairs, encompassing majors, minors, and exotics. This allows traders to access a wide spectrum of the forex market and implement diverse trading strategies.
Spreads and Leverage: Spreads are competitive, starting from 0.3 pips for major pairs like EUR/USD. Leverage options vary depending on the regulatory entity and account type, reaching up to 1:2000 for certain entities.

Cryptocurrencies:

Diverse Selection: Exness offers a comprehensive list of 33 cryptocurrencies, including popular options like Bitcoin, Ethereum, Litecoin, and Ripple. This caters to the growing demand for cryptocurrency trading and allows traders to participate in this dynamic market.
Trading Conditions: Leverage and spreads for cryptocurrencies vary depending on the specific asset and market conditions.

Commodities:

Popular Choices: Exness offers CFD trading on popular commodities such as Gold, Silver, Oil, and Natural Gas. This enables traders to diversify their portfolios and take advantage of price movements in the commodities market.
Trading Conditions: Spreads for commodities are competitive, with Gold, for example, having a spread of around 20 pips. Leverage options vary based on the chosen instrument and regulatory restrictions.

Indices:

Global Coverage: Exness provides access to major global indices like the Dax 30, Dow Jones, and FTSE 100. This allows traders to speculate on the performance of entire stock markets and diversify their trading strategies.
Trading Conditions: Spreads for indices are generally wider compared to forex pairs, with examples like the Dax 30 having a spread of around 5.8 pips.

Stocks:

Limited Selection: Compared to other asset classes, the range of available stock CFDs is relatively limited. However, Exness still provides access to some popular stocks, including Apple and Tesla.
Trading Conditions: Spreads for stock CFDs can vary significantly depending on the specific stock and market volatility.

Additional Considerations:

Swap-Free Accounts: Exness offers swap-free options for traders who follow Islamic principles or wish to avoid overnight financing charges.
Leverage: It’s crucial for traders to utilize leverage cautiously, as it amplifies both potential profits and losses.
Trading Costs: Exness’s fee structure is primarily based on spreads, with additional costs potentially arising from overnight swaps and currency conversions.

Trading Platforms

Exness provides a selection of trading platforms designed to cater to the diverse needs and preferences of its clients. These platforms offer a range of functionalities, from user-friendly interfaces for beginners to advanced tools for experienced traders.

Exness Terminal:

Proprietary Platform: Developed by Exness, this platform boasts a user-friendly interface and is ideal for traders of all experience levels.
TradingView Charts: Exness Terminal integrates advanced TradingView charts, providing access to a wide array of technical indicators, drawing tools, and chart types. This allows for in-depth market analysis and informed trading decisions.
Order Types: Supports market orders, pending orders (including limit, stop, and stop-limit orders), take profit, and stop-loss orders.
Additional Features: Includes watchlists, 1-click trading, sentiment indicators, and the ability to trade directly from charts.

MetaTrader 4 & 5:

Industry Standard Platforms: MetaTrader platforms are renowned for their advanced functionalities and are popular among experienced traders.
Expert Advisors (EAs): Support automated trading strategies through EAs, allowing traders to implement algorithmic trading approaches.
Technical Analysis Tools: Offer a wide range of technical indicators, charting tools, and drawing objects for comprehensive market analysis.
Order Types: Support a broader range of order types compared to Exness Terminal, including trailing stop orders and time-in-force options.
Customization Options: Allow for extensive platform customization to suit individual trading preferences.

Exness Trade App:

Mobile Trading: Available for iOS and Android devices, providing access to over 200 instruments on the go.
User-Friendly Interface: Designed specifically for beginners, offering a simple and intuitive trading experience.
Features: Includes instant deposits and withdrawals, 24/7 customer support, basic charting capabilities, market news, an economic calendar, and Trading Central trade ideas.

Additional Tools:

Economic Calendar: Keeps traders informed about upcoming economic events and their potential impact on the market.
Market News: Provides real-time news feeds and updates from FXStreet, keeping traders up-to-date on market developments.
Trading Central WebTV: Offers daily video commentary, trading ideas, and news directly from the New York Stock Exchange floor.
Analyst Views: Provides trading signals and technical analysis insights from Trading Central.
VPS Hosting: Free VPS hosting is available for eligible traders, ensuring uninterrupted trading and optimal performance for automated strategies.

Exness.com Account Types

Exness offers a variety of account types tailored to meet the diverse needs and experience levels of its clients.

Standard Accounts:

Standard Account: Suitable for beginners and those seeking a simple trading experience with competitive spreads and no commissions.
Standard Cent Account: Designed for new traders, this account is denominated in cents, making it ideal for practicing strategies with minimal risk.

Professional Accounts:

Raw Spread Account: Offers tight spreads starting from 0 pips with a commission per trade.
Zero Account: Provides zero spreads for most of the trading day with a commission per trade.
Pro Account: Features dynamic spreads and no commissions, catering to high-volume traders and scalpers.

Account Features:

Minimum Deposit: Varies depending on the account type and chosen payment method, starting from as low as $1.
Base Currencies: Accounts can be denominated in 45 different base currencies, offering flexibility for international clients.
Leverage: Leverage options vary depending on the regulatory entity and account type, reaching up to 1:2000 for certain entities.
Islamic Accounts: Swap-free accounts are available for clients who follow Islamic principles.
Demo Accounts: Exness offers demo accounts for both the Exness Terminal and MetaTrader platforms, allowing traders to practice strategies without risking real money.

Choosing the Right Account:

The best account type for a trader depends on their individual needs, experience level, and trading style. Beginners might prefer Standard accounts for their simplicity and affordability, while experienced traders might opt for Professional accounts to access tighter spreads and advanced features.

Accepted Countries

here are certain regional restrictions in place due to regulatory constraints and company policies.

Regions with Full Access:

Exness welcomes retail clients from many regions worldwide, including:

Asia: A significant portion of Exness’ clientele comes from Asian countries, where the company has established a strong presence.
Africa: Exness actively serves clients in various African countries, offering localized services and support.
Latin America: The company caters to traders in several Latin American countries, contributing to the growing popularity of online trading in the region.
Middle East: Exness extends its services to clients in several Middle Eastern countries, providing access to diverse trading instruments and platforms.

Restricted Regions:

Due to regulatory limitations and company policies, Exness does not accept retail clients from:

Europe and the UK: Exness focuses on B2B financial services for professional institutions within these regions.
United States and Canada: Regulatory constraints prevent Exness from offering services to clients residing in these countries.
Australia: Exness does not currently accept clients from Australia.
Certain Other Countries: A few additional countries may have restrictions due to specific regulatory or compliance considerations.

Copy Trading Features

Exness goes beyond traditional trading by offering social trading features, allowing clients to tap into the collective wisdom and expertise of the trading community. This creates opportunities both for experienced traders to share their knowledge and for newcomers to learn and potentially enhance their trading outcomes.

Exness Social Trading Ecosystem:

Strategy Providers: Experienced and successful traders can become Strategy Providers, sharing their trades and strategies with others. This allows them to earn additional income through performance fees or commissions based on the success of their strategies.
Investors: Novice traders or those seeking a more passive approach can become Investors, following and automatically copying the trades of Strategy Providers. This enables them to benefit from the expertise of others and potentially achieve positive returns without extensive market analysis or active trading.

Key Features:

Performance Transparency: Investors can access detailed performance statistics of Strategy Providers, including historical returns, risk levels, and trading activity. This transparency helps investors make informed decisions when selecting strategies to follow.
Risk Management: Investors can set their own risk parameters and control the amount of capital allocated to each Strategy Provider. This allows for customized risk management and prevents overexposure to any single strategy.
Diversification: Investors can diversify their portfolio by following multiple Strategy Providers with different trading styles and risk profiles. This helps spread risk and potentially enhance overall returns.
Community Interaction: The social trading platform facilitates interaction between Strategy Providers and Investors, enabling knowledge sharing, discussions, and feedback.

Benefits of Exness Social Trading:

Learning Opportunity: For novice traders, social trading provides a valuable learning experience. By observing and analyzing the strategies of successful traders, they can gain insights into market dynamics, trading techniques, and risk management principles.
Time-Saving: Social trading eliminates the need for extensive market research and analysis, saving time for investors who prefer a more passive approach.
Potential for Enhanced Returns: By leveraging the expertise of successful traders, investors can potentially achieve higher returns than they might on their own.
Community Building: The social trading platform fosters a sense of community and collaboration among traders of all levels.

Important Considerations:

Risk Involvement: While social trading offers potential benefits, it’s essential to remember that all trading involves risk. Past performance of Strategy Providers does not guarantee future success, and investors should carefully evaluate strategies before investing.
Due Diligence: Investors should conduct thorough due diligence on Strategy Providers before copying their trades. This includes analyzing their performance history, risk management practices, and trading style.
Monitoring and Control: While social trading automates the copying of trades, it’s crucial for investors to monitor their accounts and adjust their settings as needed.

Deposit & Withdrawals

Exness aims to provide a seamless and efficient experience for funding and withdrawing from trading accounts. The company offers a variety of convenient payment methods with fast processing times.

Deposit Methods:

Bank Cards: Visa and Mastercard are accepted for instant deposits with no fees.
E-wallets: Popular e-wallets such as Skrill, Neteller, and Perfect Money are available for instant deposits, often with no fees.
Cryptocurrency: Exness supports deposits in various cryptocurrencies, including Bitcoin, Tether, and USD Coin. Processing times and fees may vary depending on the chosen cryptocurrency and network conditions.
Bank Transfer: Traditional bank transfers are also available, though processing times may be longer compared to other methods.

Withdrawal Methods:

Similar to Deposit Methods: Most deposit methods can also be used for withdrawals, offering convenience and flexibility.
Instant Withdrawals: Exness is known for its fast withdrawal processing, with many withdrawals processed instantly, even on weekends and holidays.
Withdrawal Fees: Exness generally does not charge withdrawal fees, though certain payment methods or specific circumstances may incur fees.

Additional Considerations:

Minimum Deposit/Withdrawal Amounts: These may vary depending on the chosen payment method and account type.
Processing Times: While Exness strives for instant processing, certain methods or situations may require additional processing time.
Verification: Clients may need to complete a verification process before depositing or withdrawing funds to ensure security and compliance.

Exness.com Spread and Commissions

Exness primarily utilizes a spread-based fee structure, meaning the company earns revenue from the difference between the bid and ask price of each instrument.

Spreads:

Variable Spreads: Spreads at Exness are variable and fluctuate based on market liquidity and volatility.
Competitive Rates: Exness generally offers competitive spreads, especially for major forex pairs.
Examples: EUR/USD spreads can start from 0.3 pips, Gold around 20 pips, and indices like the Dax 30 around 5.8 pips.

Commissions:

Professional Accounts: Certain professional accounts, such as the Raw Spread and Zero accounts, may charge a commission per trade in addition to the spread.
Standard Accounts: Standard and Standard Cent accounts typically do not incur commission fees.

Transparency:

Exness is committed to fee transparency and provides detailed information about spreads, commissions, and other costs on its website and trading platforms. This allows clients to understand the potential costs associated with trading and make informed decisions.

Exness.com Fee’s and Costs

Swap Fees: Overnight financing charges may apply to positions held open overnight, depending on the instrument and current interest rates.
Currency Conversion Fees: Fees may apply when converting currencies during deposits, withdrawals, or trading.

Unique Features

xness sets itself apart from other brokers by offering several unique features that enhance the trading experience and provide added value to its clients.

Swap-Free Accounts: Exness offers two levels of swap-free accounts: Standard and Extended. These accounts cater to traders who follow Islamic principles or want to avoid overnight financing charges. The Standard level covers instruments like XAU/USD, indices, cryptocurrencies, and stocks, while the Extended level includes additional instruments such as major forex pairs and USOIL.
Instant Withdrawals: Exness is known for its fast withdrawal processing, with many withdrawals processed instantly, even on weekends and holidays. This provides traders with quick access to their funds and greater flexibility.
Transparent Price History: Exness provides access to historical tick data for all instruments, allowing traders to analyze past price movements and market trends with greater precision.
Free VPS Hosting: Eligible traders can benefit from free VPS hosting, ensuring low latency and uninterrupted trading, especially crucial for automated trading strategies.
Social Trading: Exness offers social trading capabilities, allowing clients to follow and copy the trades of successful traders or share their own strategies and earn commissions.

Exness.com Regulation and Security

Exness prioritizes the security of client funds and operates under a framework of regulatory compliance to ensure a safe and transparent trading environment.

Regulatory Oversight:

Multiple Regulatory Bodies: Exness entities are regulated by various authorities, depending on the region and client type. This includes top-tier regulators like CySEC and the FCA, as well as offshore regulators such as the FSA (Seychelles) and FSCA (South Africa).
Client Protection: Regulation ensures that Exness adheres to financial industry standards and implements measures to protect client funds. However, the level of protection may vary depending on the specific regulatory entity and its requirements.

Security Measures:

Segregated Accounts: Client funds are held in segregated accounts separate from the company’s operating capital, ensuring that client money is protected in case of financial difficulties.
Negative Balance Protection: Exness provides negative balance protection, preventing clients from losing more than their deposited funds.
Secure Transactions: The platform utilizes advanced encryption technology to secure online transactions and protect sensitive client data.

Additional Protections:

Financial Commission Membership: Exness is a member of the Financial Commission, an independent dispute resolution organization. This provides clients with an additional avenue for resolving disputes if necessary.
Compensation Fund: Clients of certain Exness entities may have access to compensation funds, providing an extra layer of financial security.

Research and Education

Exness supports its clients’ trading journeys by offering a comprehensive range of research and educational resources. These materials cater to traders of all experience levels and contribute to informed decision-making.

Exness Academy:

Structured Courses: Exness Academy provides three structured courses: “How Trading Works,” “How to Analyze,” and “Managing Risk: The Basics.” These courses cover essential trading concepts, technical and fundamental analysis, and risk management strategies.
Video Lessons and Articles: Each course combines engaging video lessons with informative articles, providing a well-rounded learning experience.
Quizzes: Interactive quizzes assess understanding and reinforce key concepts.

Additional Resources:

Knowledge Base: Offers in-depth articles on various trading topics, including technical indicators, trading strategies, and market analysis.
Video Content: Provides educational videos covering basic and advanced trading concepts.
Economic Calendar: Keeps traders informed about upcoming economic events and their potential market impact.
Market News: Delivers real-time news feeds and updates from FXStreet.
Trading Central WebTV: Offers daily video commentary, trading ideas, and news from the NYSE floor.
Analyst Views: Provides trading signals and technical analysis insights from Trading Central.

Community and Support:

Social Trading: Enables interaction with other traders, allowing clients to follow and copy successful strategies or share their own expertise.
Customer Support: The Exness support team is available 24/7 to answer questions and provide assistance.

Exness’s commitment to education empowers traders with the knowledge and tools needed to navigate the financial markets effectively.

Customer Support

Exness prioritizes client satisfaction and offers comprehensive customer support to ensure a smooth and positive trading experience.

Support Channels:

Live Chat: Available 24/7, providing instant assistance for urgent queries.
Email: Allows for detailed inquiries and communication.
Phone Support: Direct phone support is available for immediate assistance and complex issues.
Multilingual Support: Catering to a global audience, Exness offers support in multiple languages.

Support Services:

Technical Assistance: The support team assists with platform issues, login problems, and other technical difficulties.
Account Management: Provides guidance on account opening, verification, deposits, withdrawals, and other account-related matters.
Trading Support: Offers assistance with trading conditions, order types, and platform functionalities.

Responsiveness and Expertise:

Exness’s support team is known for its responsiveness and expertise. The team strives to address client inquiries promptly and effectively, providing accurate information and helpful solutions.

The Bottom Line

Exness presents a compelling option for traders seeking a diverse and feature-rich trading environment. The company’s strengths lie in its competitive spreads, particularly for forex pairs, a variety of trading platforms catering to different experience levels, and unique features like swap-free accounts and instant withdrawals. Additionally, Exness demonstrates a commitment to client education through its comprehensive Exness Academy resources.

However, there are some limitations to consider:

Limited Availability: Retail clients in Europe and the UK are not accepted, restricting access for traders in these regions.
Offshore Entities: Many retail clients are assigned to offshore entities with less stringent regulatory oversight compared to top-tier regulators. This may raise concerns for traders who prioritize a high level of client protection.
Limited Stock CFDs: The range of available stock CFDs is relatively small compared to other instruments.

Overall, Exness is a suitable choice for:

Traders outside Europe and the UK: Exness’s core audience lies outside Europe and the UK, where it offers full access to its services and features.
Forex and Cryptocurrency Traders: The competitive spreads for forex pairs and diverse selection of cryptocurrencies make Exness attractive for traders focused on these markets.
Traders Seeking Advanced Features: Swap-free accounts, instant withdrawals, and social trading capabilities offer additional value and flexibility.
Traders of All Experience Levels: The availability of both user-friendly and advanced platforms, combined with comprehensive educational resources, makes Exness suitable for both beginners and seasoned traders.

Others

A global leader in forex and CFD trading, offers a dynamic environment with competitive spreads, advanced platforms like the Exness Terminal and MetaTrader suite, and a diverse range of instruments including forex, cryptocurrencies, and commodities. Discover Exness today and elevate your trading journey.