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Exness Review 2024

Last updated Jun 27, 2024
Exness is trusted. Tested via live trading.

Highlights of Exness

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RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksPrecious MetalsEnergy Carriers
Trading Platforms
MetaTrader 4MetaTrader 5
Deposit/withdrawal:
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compare Exness trading accounts

Exness is a global broker regulated by reputable authorities such as the UK's FCA and Cyprus's CySEC. The company provides Forex brokerage services to clients worldwide, attracting them with low commissions and a wide range of trading instruments.

Exness stands out for its transparency and high level of security, as evidenced by numerous positive user reviews. The broker ensures quick withdrawals and offers round-the-clock multilingual support, making it a convenient and reliable partner for traders of any level.

Pros and Cons of Exness

Pros

  1. Wide selection of trading accounts.
  2. Instant fund withdrawal.
  3. Variety of trading platforms.
  4. A variety of analytical tools.

Cons

  1. Limited selection of educational materials.
  2. Average selection of markets and products.
  3. Deposit fees.

Exness reviews

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Exness Broker Overview

Foundation Year2008
Official Websitehttps://www.exness.com
Regulated in CountriesUnited Kingdom, Seychelles, South Africa, Mauritius, British Virgin Islands, Cyprus, CuracaoMore Details
Minimum Deposit
  • 10 USD
Spreadfrom 0 points
Max Leverage1:2000
Trading Assets
  • Forex
  • Indices
  • Cryptocurrency
  • Stocks
  • Precious Metals
  • Energy Carriers
Trading Platforms
  • MetaTrader 4
  • MetaTrader 5
Email Support
  • support@exness.com
Hotline Phones
Social Media

The broker's ideology is continuously improving trading platforms and user trading conditions.

Currently, the company offers more than 120 financial instruments for trading, with a total turnover of more than 180 billion dollars, and both existing and new clients around the world open over 15,000 real accounts in just one month.

The broker uses an ECN (Electronic Communication Network) connection structure, interacting with liquidity providers through STP (Straight Through Processing) technology.

Exness is in the top 10 of the following ratings:

Exness Review Summary

In our Exness broker review, we conducted a comprehensive analysis covering essential aspects such as trading platforms, commissions, available markets, analytical tools, educational materials, and technical support. The evaluation was carried out according to our unique broker evaluation methodology, designed to ensure an objective and independent analysis.

We strive to provide traders with all the necessary information to choose a broker. Continue reading our detailed review to learn more about how Exness can meet your trading needs.

Reliability and Regulation

Rating:5/5
Legal EntityRegulator

Exness is regulated by laws and norms in various jurisdictions, including authoritative bodies such as the FCA, CySEC, and FSCA, which confirms its transparency and honesty towards clients.

The company strictly adheres to international standards and laws, ensuring the safety and protection of its clients' financial interests. This makes Exness one of the current market's most regulated Forex brokers.

Account Opening

Rating:5/5

Opening an account with broker Exness is relatively straightforward and convenient, especially considering the possibility of starting trading with a minimum deposit of just 10 US dollars. This option makes the broker accessible to many investors, including beginners who wish to start trading with small funds.

Registration

You must open a real or demo account to register on the website. A registration form will appear where you must enter your first name, last name, email address, and contact phone number and choose the leverage size and account currency.

Before registering, familiarize yourself with the user agreement and risk warning.

To create an active account and trade using real funds, you must log in to your account and upload color copies of documents to the website.

Registration form on the exness.com website
Registration form on the exness.com website

Verification

Account verification at Exness is an important step that ensures security and access only to the trading account owner. This process includes several vital stages and restrictions for unverified accounts.

  1. Registration and Personal Area login. After registering a new account with Exness, the user must log into the Client's Area and begin the verification process.

  2. Email and phone confirmation. The first step is to confirm the email address and phone number.

  3. Entering personal information. It is necessary to enter personal information verified by documents.

  4. Economic profile. Filling out the financial profile is required before submitting documents for verification.

  5. Providing documents. At this stage, the user must provide proof of identity (POI) and proof of residence (POR). Acceptable documents may vary depending on the country of account registration.

  6. Restrictions and deadlines. Unverified accounts are subject to deposit restrictions and specific payment methods. There is a 30-day period for complete account verification after the initial deposit.

  7. Verification confirmation. After successful verification, restrictions are lifted, and all payment methods become available, including bank cards and cryptocurrencies.

Account verification at Exness is a transparent and well-structured process that ensures security and compliance with legislative requirements. It fosters trust between the broker and the client, providing a fair and secure trading environment.

Minimum Deposit

The minimum deposit at Exness Broker is 10 US dollars. This allows traders to start trading with relatively small investments.

Account Types

Rating:4.5/5

Exness offers a variety of account types, which provide a wide range of options for different categories of traders. From accounts for beginners with the ability to trade micro-lots to professional accounts with low or zero spreads, the choice of accounts covers various trading styles and strategies.

However, it is worth noting that there are no accounts with fixed spreads, which may be necessary for some traders.

Trading Accounts

Standard CentProZeroRaw SpreadStandard
Account CurrencyUSD центы, EUR центы, GBX, CAD центы, AUD центы, CHF центыUSD, EUR, RUB, GBP, AUD, CHF, JPY, ZAR, NZD, SGD, CAD, HKD, CNY, UAH, MYR, IDR, THB, VND, KWD, AED, HUF, MXN, NGN, JOD, ARS, AZN, BDT, BHD, BND, EGP, BRL, GHS, INR, KES, KRW, KZT, MAD, OMR, PHP, PKR, QAR, SAR, UGX, UZS, XOF, ILS
Minimum Deposit10 $200 $10 $
Trading PlatformsMetaTrader 4MetaTrader 5MetaTrader 4
Spreadfloatingfrom 0.3 pips~ 1 pipsfloatingfrom 0.1 pips~ 0.6 pipsfloatingfrom 0 pips~ 0 pipsfloatingfrom 0.3 pips~ 1 pips
Commission per Tradeper 1 lot~ 3.5 $per 1 lot3.5 $
Trading AssetsForexIndicesCryptocurrencyStocksPrecious MetalsEnergy Carriers
Opened Positionsup to 1000
Leverage1:2-1:2000
Margin Call / Stop Out60% / —30% / —60% / —
Order ExecutionSTPMMECNSTP
Demo Account
Islamic Account
RegisterRegisterRegisterRegisterRegister
  • Standard: Suitable for all types of traders, from beginners to experienced.

  • Standard Cent: A cent account is ideal for new traders looking to start trading with micro-lots.

  • Raw Spread: For experienced traders seeking low spreads with a fixed commission.

  • Zero: Suitable for traders looking for zero spread on top instruments.

  • Pro: For professional traders preferring instant execution with low spread and no commissions.

Exness offers a variety of trading accounts that can meet the needs of different categories of traders, from beginners to professionals, with various strategies and preferences.

Account Currency

A distinctive feature of the broker is the ability to choose from more than 80 types of account currencies. Metal-currency accounts are available for opening and protecting your capital. By opening such an account, you acquire an investment portfolio of currencies and precious metals.

Demo Account

The broker offers the opening of demo accounts, which mimic the conditions of real accounts with the same name. Training accounts available for opening:

  • Standard Cent;
  • Standard;
  • Raw Spread.

This feature of the broker offering training accounts with different conditions significantly simplifies the choice of a real trading account for clients.

Islamic Account

Exness broker provides the opportunity to open Islamic accounts, which are fully compliant with Sharia principles and available in Islamic and non-Islamic countries.

Types of Islamic Accounts

  1. Standard Swap-Free: Designed for trading cryptocurrencies and stocks without incurring swaps for carrying positions overnight.

  2. Extended Swap-Free: Includes all the features of the standard Swap-Free account and additional currency pairs and commodities.

Features of Islamic Accounts

  • Flexibility. Accounts are available for various types, including Pro, Raw Spread, Zero, Standard Cent, and Standard.
  • Automatic Status Change. The Swap-Free status can automatically switch between standard and extended depending on trading activity.
  • Transparency. One can easily track their current Swap-Free account status in the personal cabinet.
  • Compliance with Ethical Norms. Islamic accounts are designed to comply with the principles of Islamic banking, excluding the accrual of interest.

Islamic accounts at Exness offer a unique opportunity for Muslim traders and those who prefer to trade without swap accruals. With flexibility in choosing the account type and automatic switching between levels, these accounts provide convenience and compliance with ethical standards, making them an attractive choice for a wide range of investors.

Exness Social Trading

Exness offers a unique opportunity for traders to join the social trading revolution. This feature allows you to invest in the strategies of other successful traders or share your own to increase your income.

Strategies for copying trades on Exness
Strategies for copying trades on Exness

Key Features of Exness Social Trading

  1. Fund Security. You have complete control over your funds; no one else can access your account.

  2. Verified Traders. Exness rigorously vets all strategy providers before they can offer their strategies to you.

  3. Portfolio Construction. The ability to diversify your portfolio and reduce risks by investing in different strategies.

  4. Transparent Results. You can analyze the performance of each strategy before investing in it.

  5. Ease of Investing. The process of investing in social trading is simple and convenient. Use flexible filters to find a strategy that matches your risk appetite, invest funds, and earn by profiting from the approach.

How does it work?

Exness Social Trading allows you to invest in the successful strategies of other traders worldwide. Choose a method, invest funds, and earn on every profitable trade.

Strategy parameters on Exness Social Trading
Strategy parameters on Exness Social Trading

Exness Social Trading represents an innovative approach to trading, allowing traders to invest in verified strategies and share their own, expanding earning opportunities and reducing risks through diversification.

VPS Hosting

Exness offers its clients free VPS hosting, providing a fast and reliable trading environment. VPS, or Virtual Private Server, is located near Exness trading servers, ensuring high speed and stability of execution.

Key Features of Exness VPS

  1. Speed. Thanks to its proximity to Exness trading servers, VPS provides fast and reliable order execution.

  2. Stability. Using a VPS to run your trading advisor ensures uninterrupted operation, regardless of the quality of your internet connection.

  3. 24-hour trading. The ability to trade on financial markets using robots even when your computer is off.

  4. Mobility and portability. Access your account and trading from anywhere worldwide without installing additional software. VPS is available on any operating system.

VPS Specifications

  • Operating System: Windows Server 2019 64-bit
  • CPU: 1 CPU core
  • RAM: 2 GB
  • Hard Disk: 50 GB

You can apply for a free VPS through your account.

Free VPS hosting from Exness is an excellent addition to the broker's services, allowing traders to enjoy the benefits of automated trading without limitations from a personal computer or internet connection. This provides additional flexibility and convenience for active and experienced traders.

Commissions

Rating:3.5/5

Exness offers a balanced structure with competitive trading commissions and no inactivity fees. This can make this broker attractive to many traders, from beginners to experienced professionals.

Trading Commissions

Trading commissions at Exness vary depending on the account type and selected instruments.

Commission per trade

On Raw Spread and Zero accounts, the commission per trade is $3.5 per lot one way. This average market commission may be acceptable for most traders looking for a transparent pricing structure.

Below is the commission per lot for one side of the EURUSD pair at different Forex brokers:

BrokerOlymp TradeUSDTBinomoCFDExnessRaw Spread
Commission per lot$8$2$3.5

Spreads and Swaps

Spreads on a standard account are also average for the market.

As for swaps, they can also be considered average for the market. Where they are negative, costs are lower than at most brokers. However, where most brokers have positive swaps, Exness has zero swaps.

AssetAverage spreadSwap longSwap short
AUDUSD1.4 pips-3.67 pips0.00 pips
EURUSD1.0 pips-5.96 pips0.00 pips
GBPUSD1.2 pips-2.48 pips-0.64 pips
NZDUSD2.0 pips-0.99 pips-0.79 pips
USDCAD2.1 pips0.00 pips-3.67 pips
USDCHF1.4 pips0.00 pips-12.14 pips
USDJPY1.7 pips0.00 pips-28.01 pips

Inactivity Fee

Exness does not charge an inactivity fee, which is an advantage for those who may not trade for extended periods.

Account Funding and Withdrawals

Exness offers popular payment system methods, with various commissions and limits. The broker does not charge a fee for depositing and withdrawing funds from real accounts, and the funds are credited within 30 minutes, while withdrawals are processed instantly 24/7.

However, it should be noted that the list of available methods does not include bank transfers and cryptocurrencies, which may limit the options for some traders. These shortcomings can be significant for those who prefer these payment methods, but overall the deposit and withdrawal system at Exness is fast and convenient.

Deposit Methods

Payment SystemCurrenciesDeposit FeeOperation Limit
SkrillSkrill
USD
from 10 USD
NetellerNeteller
USD
from 10 USD
Perfect MoneyPerfect Money
USD
from 50 USD
VisaVisa
USD
from 10 USD
MastercardMastercard
USD
from 10 USD

Exness does not charge a fee for depositing and withdrawing money from users' real accounts. Funds are credited to the account within 30 minutes.

Withdrawal Methods

Payment SystemCurrenciesWithdrawal FeeOperation Limit
SkrillSkrill
USD
2.99%
from 10 USD
Perfect MoneyPerfect Money
USD
0.5%
from 2 USD
NetellerNeteller
USD
0%
from 4 USD
MastercardMastercard
USD
2.64%
from 3 USD
VisaVisa
USD
2.54%
from 3 USD

The broker processes withdrawals instantly 24/7. If the withdrawal does not happen automatically, then the transaction will be completed manually within no more than a day.

Markets and Products

Rating:4/5

Exness provides access to a sufficient number of markets and products.

However, it should be noted that the available products do not include soft commodities, and the total number of CFDs is average compared to some other brokers. These limitations may reduce the appeal of Exness for some traders looking for a wider range of trading opportunities.

What markets are available?

BrokerOlymp TradeExnessBinomo
Forex289528
Precious Metals2152
Energy Carriers131
Indices11105
Stocks339828
ETF6
Cryptocurrency19116

Leverage

Leverage may vary for different types of instruments.

Trading InstrumentMax. Leverage for Retail Traders
Forex
1:2000
Precious Metals
1:2000
Energy Carriers
1:200
Indices
1:400
Stocks
1:20
Cryptocurrency
1:400

Trading Platforms

Rating:5/5

Broker Exness offers various trading platforms to meet the needs of different traders. Here is a detailed overview of the available platforms.

Exness Trade Mobile App

The Exness Trade mobile app is available on Android and iOS. It offers full trading functionality, including opening and closing positions, setting orders, and account management. The app provides access to analytics, price alerts, and market news.

Minimum system requirements: iOS 14.5, Android 5.0.

Exness Terminal

Exness Terminal is a web platform available on Windows, Linux, macOS, iOS, and Android. It offers over 50 drawing tools and 100 indicators, as well as high speed and security. The platform does not require downloading and installation and supports all MT5 accounts.

Exness Terminal
Exness Terminal

MetaTrader 4

MetaTrader 4 (MT4) is one of the most popular trading platforms in the world. Exness offers MT4 for those who prefer a time-tested interface with various features, including technical analysis, automated trading, and numerous indicators.

MetaTrader 4
MetaTrader 4

MetaTrader 5

MetaTrader 5 (MT5) is a newer version of the popular platform, offering advanced features, including more time frames, indicators, and an improved interface. Exness supports MT5 on all its trading accounts, and this platform is suitable for traders of all experience levels.

MetaTrader 5
MetaTrader 5

Analytics

Rating:4.5/5

Exness provides a comprehensive set of analytical tools, making it attractive for traders seeking in-depth market analysis.

What analytical materials are available?

  1. Dow Jones News. Real-time news from one of the leaders in current economic and political information, Dow Jones News, is available to live account clients. Quick access to up-to-date data in the Forex market and the ability to track patterns in asset price movements allows for successful trading using a 'News-based' strategy.
  2. Economic Calendar. This convenient analytical tool analyzes events over a certain period of time and forms a report in a user-friendly format. The calendar can be customized to the desired parameters and used to monitor market events in the country of interest. This allows for a high probability of forecasting changes in the prices of assets.
  3. TradingCentral Reviews. An agreement signed in 2013 with Trading Central (a global leader in consulting services for business) allows live account clients of all levels to receive free daily technical analysis on the main currency pairs of the Forex market through the website functionality.
  4. TC Technical Analysis Trading Indicator. For registered traders of the Exness system, the TC Technical Analysis trading indicator from Trading Central is available for download. This program adds support and resistance lines to the currency pair charts and an analytical forecast.
  5. WebTV from TradingCentral. A video channel from the market leader in consulting services, TradingCentral – is live broadcasts with financial news from the New York Stock Exchange.
Analytical section in the Exness Client's Area
Analytical section in the Exness Client's Area

Education

Rating:2/5

Educational materials at Exness are limited to just the Help Center section, where answers to popular questions and information on the main topics related to trading are presented. The lack of educational resources, such as webinars, video tutorials, podcasts, and articles, makes this section less attractive for beginners wishing to learn more about trading in detail.

Customer Support

Rating:5/5

Exness technical support is available to clients around the world and offers a variety of communication methods. The support team can assist you 24/7 in several languages, including English, Chinese, Thai, Vietnamese, and Swahili.

Help Center

If you have a question, you can find detailed information about trading terminals, deposits, fund withdrawals, and more at the Exness Help Center.

Live Chat

If you did not find an answer to your question, don't hesitate to contact the support team via live chat. Existing clients will need to provide their account number and support PIN code.

Email

You can write to support@exness.com, and you will receive a response within 24 hours. Please provide your account number and support PIN code if you are already a client.

Phone

If you want to speak with the friendly international support team, call +35725030959.

Languages and Working Hours

Support is available in 16 languages, including Indonesian, Arabic, Hindi, Urdu, Bengali, Japanese, Korean, French, Spanish, Portuguese, and Russian. Working hours for each language may vary.

Global Presence

Exness has offices in various countries, including Cyprus, the United Kingdom, Seychelles, South Africa, Curaçao, the British Virgin Islands, and Kenya. This underscores the company's global nature and accessibility.

Conclusion

Broker Exness is one of the most attractive companies offering brokerage services for clients worldwide in the Forex market.

Partnership with leaders in financial analytics, minimal commissions, numerous positive client reviews, a well-established operational scheme, and a decent selection of real assets and account currencies makes trading with the broker profitable and secure.

FAQ

Is Exness legit?

Yes, Exness is a legitimate broker regulated by reputable authorities such as the UK's Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).

Which country is Exness from?

Exness is an international broker with its headquarters in Limassol, Cyprus.

Is Exness an ECN broker?

Exness offers both ECN (Electronic Communication Network) and standard account types, catering to different trading needs and preferences.

How does Exness make money?

Exness makes money through spreads, commissions on certain account types, and swaps on overnight positions.

Is Exness good for beginners?

Yes, Exness is good for beginners due to its user-friendly platform and round-the-clock customer support.

Does Exness offer a demo account?

Yes, Exness offers a demo account that allows traders to practice and familiarize themselves with the platform without risking real money.

How can I open an account with Exness?

To open an account with Exness, visit their website, click on "Open Account," and follow the registration process, which includes providing personal information and verifying your identity.

How can I delete my Exness account?

To delete your Exness account, you need to contact Exness customer support. They will guide you through the process of account closure.

What is the minimum deposit for Exness?

The minimum deposit for Exness varies depending on the account type but generally starts as low as $10.

What is the maximum leverage on Exness?

The maximum leverage on Exness can go up to 1:2000, depending on the account type and the regulatory requirements.

How do I deposit funds in an Exness account?

You can deposit funds in an Exness account using various methods such as credit/debit cards and electronic payment systems like Skrill and Neteller.

How do I withdraw money from Exness?

To withdraw money from Exness, log in to your account, go to the "Withdrawal" section, select your preferred withdrawal method, and follow the instructions provided.

Does Exness provide VPS?

Yes, Exness provides a Virtual Private Server (VPS) service to clients who maintain a certain balance in their accounts, ensuring stable and fast execution of trades.

Is Exness suitable for scalping?

Yes, Exness is suitable for scalping, offering tight spreads and fast execution speeds, which are essential for this trading strategy.

Is Exness suitable for auto-trading?

Yes, Exness supports auto-trading through the MetaTrader 4 and MetaTrader 5 platforms, which allow for the use of Expert Advisors (EAs).

Is Exness suitable for hedging?

Yes, Exness allows hedging, enabling traders to open multiple positions in different directions to manage risk effectively.

Is Exness suitable for spread betting?

No, Exness does not offer spread betting. It primarily focuses on Forex and CFD trading.

Visit ExnessTrading CFDs carries high risks. You may lose all invested funds

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.