Exness Review Summary
Exness Review Highlights
Pros & Cons
- Small initial investment
- Unlimited leverage available
- Zero trading commissions
- Smaller lot size
- 0% hedging margin
- No demo account available
- Only instant execution
- No bonus
- Limited to 5 account currencies
What is Exness?
Exness is the brand name of a global brokerage company that delivers its services through two main offices in Seychelles and is a Cyprus broker. The company’s divided nature enables global clients to enjoy tailored financial services and investment solutions, while the global brand offers a wide range of retail opportunities , especially corporate solutions or partnerships.
The EU-based company in Cyprus provides 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 fact, the broker has won numerous awards as a retail broker, offering stable and reliable brokerage services with a comfortable trading environment designed to suit the most demanding traders with their tight spreads and no hidden commissions of 0.1 pips. The trading process is carried out by the intuitive MT4 platform, with the possibility to trade a number of CFDs and Futures on a wide range of markets.
Along with its history of operation, Exness has been awarded and recognized many times, including various aspects such as customer satisfaction, trading technology and the overall rankings that recognize its success.
In addition, Exness plays an active role in social life as well as acting as an honored sponsoring partner with various organizations. Currently, Exness is proudly sponsoring the world’s number one football team, Real Madrid, and the best live football player, Cristiano Ronaldo.
Is Exness safe, or is it a scam?
In order to protect the funds invested, the professional trader should consider not only the trading conditions of the company when selecting a company for a long-term partnership. But also, most importantly, ensure that the company ‘s operations comply with the relevant country’s legal requirements and internationally recognized financial standards.
Was that the rule of Exness?
The Exness Company, due to its presence in various countries and developed offices, is controlled by the appropriate local authorities, which are also highly respected within the industry. Exness UK Ltd is authorised and regulated by the Financial Conduct Authority, while Exness CY Ltd is authorised by CySEC.
Thus, the broker has allowed financial products or services to be provided within the framework of its activities in the above-mentioned countries and in another EEA country. There is also an offshore Seychelles license, which allows for just identification rather than strict enforcement, but additional licenses from reputable authorities make things reliable and Exness offers them.
How are you being protected?
As a consequence, and on the basis of operating criteria that are set out in compliance with the regulations, along with consumer security, 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 standards extremely appropriate.
Like the majority of Forex brokers, Exness also offers leverage, which may increase potential gains through its ability to balance multiple initial accounts.
Average 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 goods.
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.
Accounts of the
To engage with Exness, you can expect a completely controlled and safe trading platform that allows you to either open a demo account and test 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 have held from time to time. However, traders’ residents of other countries will test the availability and the probability of accessing the official website.
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 other Capital Markets brokers.
Comparison of Exness payments and related brokers
Also, always consider the Exness rollover or overnight fee as a cost that is charged to positions held longer than one day. – instrument pays a different quotation for overnight stays, which may be as a fee or refund, see the sample for some of the above instruments.
The markets you can trade with Exness give a famous Forex with 107 currency pairs, CFDs on Stocks and Indices, Energies, Metals and 7 Cryptocurrencies.
Deposits and Withdrawal
Exness conducts instant deposits and withdrawals without commission charges using a number of electronic payment systems that provide control over the financing of your trading account at ease.
Tools for Deposit
Payment options, including the ability to use either method, so that you can always choose the appropriate method. If, as a general rule, Exness does not charge any deposit fees or internal charges, you payment provider can apply those fees depending on the residence, so be sure to check that.
- Transfers of bank wire
- Big Credit Cards,
- Neteller and Skrill e-systems
Minimum deposit amount
What’s more, Exness doesn’t require a specific sum at the outset, 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 mentioned, 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 a choice between industry leaders MetaTrader4 and MetaTrader5 along with mobile trading platforms and MT4 WebTerminal that allows access to any app.
Company on the Internet
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. Although MT5 is a more advanced version of the previous one with powerful features and new features. You can access both via Web Trading, which is free from the download or installation site that can be accessed via the browser.
But, 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, go to the desktop version.
System for Windows
Either 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. Nice 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 exchange
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 schedules, background quotes and constant monitoring of accounts.
The most relevant news impacting 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 types are welcome to make your strategy accessible and feasible at Exness.
The Mobile Exchange Site
Free and easy-to-use iPhone and Android apps that support versions of MT5 and MT4, so you can keep up-to – date on trading on the go. Apps are highly valued and well created, so you can apply full customization on your phone, check account status, request withdrawals and display fee reports, all from your mobile phone.
Customer Support Services
Finally, together with the convenient trading conditions, you will receive advanced support providing customer service in 13 languages available 24/7 and support 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.
Education 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 start, 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. Professional 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.
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 pleasant enhancements as well as Trading Central services and free VPS hosting, which rewards the customer even more, making everything in Exness a good choice to find as an enjoyable trading experience.
Nonetheless, we would be pleased to hear your personal opinion about Exness, share your experience in the comments area below, or ask us for additional information if appropriate.
Official Exness Registration
If you are the owner of this platform you can manage this account. First you need to claim the ownership of the platform.