Exness is the brand name of a multinational brokerage company that provides its services through two main offices in Seychelles and is a Cyprus broker. The company’s divided nature enables regional clients to enjoy customized financial services and investment solutions, while the national brand provides a broad range of retail opportunities, particularly corporate solutions or partnerships.
The EU-based organization in Cyprus offers fully regulated services to members in the EEA and around the world. In addition, the broker also expanded its global reach and established a UK-based entity, Exness UK Ltd, which is also fully regulated.
In reality, the broker has received multiple awards as a retail broker, providing secure and efficient brokerage services with a comfortable trading atmosphere designed to match the most demanding traders with their tight spreads and no secret commissions from 0.1 pips. The trading process is carried out by the intuitive MT4 platform, with the possibility to trade a variety of CFDs and Futures on a wide range of markets.
- Global broker with branches in Cyprus, the United Kingdom and the Seychelles
- Selection of instruments, including Forex and CFDs
- Suitable for both beginners and professionals;
- Based on the technology of MetaTrader
- Wide selection of testing and review methods
- No multi-currency accounts;
List of 10 Points
- Exness is an international broker for companies in Cyprus, the United Kingdom and the Seychelles
- It is governed by the CySEC, the FCA and is a part of the compensation scheme.
- Range of markets counting in forex, metals, indices, energy, cryptocurrencies
- Free practice demo account available
- Offered: Standard Account, Cent Account and Professional Account
- Required minimum deposit – $1
- Trade costs and spreads are low and average
- MT4 and MT5 are offered as trading platforms
- Learning materials and technical analysis offered by the Exness Academy
- Customer Support is available 24/7 in global regions
Along with its history of operation, Exness has been rewarded and honored several times, including different aspects such as customer satisfaction, trading technology and the overall rankings that reflect its performance.
In addition, Exness plays an active role in social life as well as serving as an esteemed sponsorship partner with various organizations. Currently, Exness is proudly sponsoring the world’s number one football team, Real Madrid, and the best football player at the moment, Cristiano Ronaldo.
Is Exness secure, or is it a scam?
In order to protect the funds invested, a professional trader should consider not only the trading conditions of the company when selecting a company for a long-term partnership. One should ensure that the company’s operations comply with the relevant country’s legal specifications and internationally recognized financial standards.
Exness – Legit?
The Exness Group, due to its presence in various countries and established offices, is controlled by the appropriate local authorities, which are also highly respected within the industry. Exness UK Ltd is licensed and regulated by the Financial Conduct Authority, while Exness CY Ltd is licensed by CySEC.
Thus, the broker has allowed financial products or services to be provided within the scope of its activities in the above-mentioned countries and in another EEA country. There is also an offshore Seychelles license, which allows registration only rather than strict regulations, but additional licenses from reputable authorities make Exness offers reliable.
How are you being protected?
As a consequence, and on the basis of operating standards that are set out in accordance with the requirements, together with customer protection, money segregation and inclusion in an investor compensation fund or scheme. EEA registration and provision of services on a cross-border basis, carried out by authorisation from cross-border authorities within Europe, make the Exness operational requirements extremely appropriate.
Like the majority of Forex brokers, Exness also provides leverage, which may maximize potential gains through its ability to balance several initial accounts.
Leverage levels also depend on the instrument you trade, as well as the regulatory restrictions and your personal level of proficiency.
Because FCA and CySEC have significantly reduced the scope for leverage levels along with their European directive miFID, the maximum leverage that you can use as a retail trader is
- 1:30 on major currencies,
- 1:20 for minors
- 1:10 for commodities.
Nonetheless, a global entity of Exness can allow much higher leverage ratios of up to 1:1000, which are also determined by your country of origin.
And, of course, always know how to use leverage correctly, because leverage can also increase your potential losses and is a different feature with different tools.
To connect with Exness, you can expect a completely controlled and safe trading environment that allows you to either open a demo account and check trading strategies or open a live account to access forex markets. Traders in world jurisdictions may be subject to different account offerings that fall within the scope of regulation and compliance.
Types of Account
Accounts available with more than 80 currency options while the company has instant payment options and provides a Standard Cent Account that is great for smaller traders, a Premium Account and a Professional ECN Account with a raw spread service and a commission fee per transaction.
In addition, there are additional features that allow Exness customers to compete and win valuable prizes in the Forex trading Contest they are held from time to time. However, traders’ residents of some countries will test the availability and the probability of accessing the official website.
How to open your account
As defined, the Exness spread is based on narrow variable spreads, which are also determined by the type of account. Standard Cent account spreads are starting from 0.3 pips with no trading volume fee, which ensures that all transactions are expressed in cents, the Standard account costs are based on tight spreads from 0.1 pips.
And the Professional ECN account includes a raw spread plus a fee per deal. See some of the examples below for a better understanding of the costs of Exness and a comparison with other brokers, as well as a comparison of rates with DF Markets, another broker.
Comparison of Exness fees and related brokers
|Asset/ Pair||Exness Fees||ETFinance Fees||OctaFX Fees|
|Crude Oil WTI||4||3||2|
|Fee ranking||Low/ Average||High||Average|
Additionally, also bear in mind the Exness rollover or overnight fee as an expense that is paid to positions held more than one day. Every instrument pays a different quotation for overnight stays, which may be as a fee or refund, see the sample for some of the instruments above.
The markets you can trade with Exness give a common Forex with 107 currency pairs, CFDs on Stocks and Indices, Energies, Metals and 7 Cryptocurrencies.
Deposits and Withdrawals
Exness conducts instant deposits and withdrawals without commission charges using a number of electronic payment systems that provide control over the funding of your trading account at convenience.
Choices for Deposit
Payment options, including the ability to use either method, so that you can always choose an appropriate method. While, as a general rule, Exness does not charge any deposit fees or internal charges, you payment provider may add certain fees depending on your residence, so be sure to check that.
- Transfers via bank wire
- Renown Credit Cards,
- Neteller and Skrill e-systems
What’s more, Exness doesn’t require a specific sum at the beginning, so you’ll be able to start as low as $1. The professional account may, however, require $200 and, of course, check the required margin requirements, which are usually set separately for each trading instrument. Also, check the payment methods, as some of them set a minimum transfer amount.
As already stated, Exness does not charge any fees for either deposits or withdrawals. However, before any payments are made to the customer service provider, search in the event of any fees that may be applicable due to your country of origin or, probably, to the payment provider itself.
Platforms for Trading
The choice of trading platform offers industry leaders MetaTrader4 and MetaTrader5 along with mobile trading platforms and MT4 WebTerminal that allows access via any device.
While both solutions are well-known industry tools, MetaTrader4 features a convenient and practical trading platform that has also been recognized by professional world traders and retailers. MT5 is a more advanced version of the previous one with powerful features and new functionality. You can access both via Web Trading, which is free from the download or installation site that can be accessed via the browser.
However, the Web version is always less advanced than the desktop one, so if you’re creating a comprehensive strategy and need more flexibility and charting tools, use the desktop version.
MT4 and MT5 support all devices, including PC and MAC, so you can choose which platform you prefer to use – either industry standard or the newly developed version of MT5. Great to note again that each account supports both platforms, so there’s no need to specify that you can use two at the same time, which is fantastic.
Styles of Trading
Since there are many traders who still prefer MT4, both options are available along with a free technical analysis service from Trading Central, high-quality VPS hosting, economical calendars, history quotes and constant monitoring of accounts.
The most relevant news affecting the Forex market is available from Dow Jones News, the world’s leading information provider, and thus included in the streaming line of the platforms. In the meantime, all trading styles are welcome to make your strategy accessible and feasible at Exness.
Mobile Trading Platform
Free and easy-to-use iPhone and Android apps that support versions of MT5 and MT4, so you can keep up-to-date with trading on the go. Apps are highly valued and well-designed, so you can apply full customization on your phone, check the account status, request withdrawals and display fee reports, all from your mobile phone.
Customer Support Services
Eventually, together with the comfortable trading conditions, you can receive advanced support providing customer service in 13 languages available 24/7 and assistance in English and Chinese 24/7. Exness has actually acquired quite a good ranking for its support and is respected by financial markets for its excellence.
Training and Education
Exness is actually running its own Exness Academy, designed to support and train thousands of traders from all over the world. Developed learning materials are designed to reflect the level of experience and to cover the basics from the beginning, as well as to further develop by learning how to manage risks more intelligently and by completing the course.
Exness provides a free Demo account, along with up-to-date financial news from Dow Jones, educational materials, and Web TV with the latest updates. We really like how Exness organizes a knowledge base and invests in the growth of its traders. Registered Exness teams therefore provide active traders with one-stop, powerful tools. You will also find research tools, fundamental analysis and technical studies, along with weekly insights, business ideas and many more.
Overall Exness analysis is about a straightforward, fully regulated brokerage business in different jurisdictions that has been recognized in due time for its accomplishments and high operational standards. Apart from the availability of Mini and Standard accounts that encourage traders of any size to enter, favorable trading conditions of 0.1 pips and a variety of markets allow you to receive technical support from the industry-leading MT4 or MT5 platforms.
Powerful features of the platforms include the ability to trade easily along with the secure environment and all agreed trading types. In addition, there are nice additions as well as Trading Central services and free VPS hosting, which rewards the customer even more, making everything in Exness a good choice to consider as an enjoyable trading experience.