Exness Broker Review

In this Exness Broker Review, we give you an in-depth, unbiased overview of the trading conditions, safety, accounts and platforms, and instruments offered by them and give an honest opinion of trading with them.

Exness is a leading online Forex broker that was established in 2008 and they are regulated by CySEC and the FCA.

With Exness, you can trade a variety of Commodities, Metals, Stocks, Shares, Cryptocurrencies and Energies, and there are more than 100 Forex pairs you can buy and sell.

You will have access to great trading platforms which includes the MetaTrader web, mobile and desktop applications and the Exness trading apps.

 

 

Exness is our top-rated low-cost, low-risk broker and you can start your trading career with them by depositing only $10.

 

Overview of Exness:

Year founded	2008
Headquarters	Cyprus
Client Base	300,000+
Minimum deposit	$10
Maximum leverage	Unlimited
Base currencies supported	USD EUR ZAR CHF NZD SGD JPY AUD
Instruments	Forex (100+) Cryptocurrencies (20+) Energies (3) Metals (10) Stocks (25+) Indices (10)
Regulations	CySEC FCA SFSA FSCA FSC FSA CBCS
Swap-free accounts	Yes
Demo accounts	Yes
Account types:	Standard Standard Cent Raw Spread Zero Pro
VIP, Referral Program or Active Trader	No
Customer Support	24/5 Live chat Email Telephone
Platforms	MT4 MT5 Exness mobile app

 

SAFE OR SCAM?

✅Client funds are held in segregated accounts with top financial institutions and will never be used to cover company expenses.

✅To further protect their clients, Exness also guarantees Negative Balance Protection on accounts to prevent your account from ever having a negative balance.

✅Exness is one of the safest online brokers you can trade with.

 

Regulations:

1. CySEC (Cyprus Securities and Exchange Commission)
2. FSC (Financial Services Commission)
3. FSA (Financial Services Authority)
4. CBCS (Central Bank of Curaçao and Sint Maarten)
5. FSCA (Financial Sector Conduct Authority)

 

Leverage 

By leveraging your accounts, you can gain more exposure to the markets and you can trade instruments without initially paying the full price to open or close a trade. 

How leverage works, is that you are borrowing funds from the broker to trade larger positions. The higher the leverage, the bigger your position – but this also means that you are indebted to your broker. Most trading instruments can be leveraged.

 

There are several benefits to using leverage:

• Profits are calculated using the full value of your position 
• Gearing opportunities to increase the amount available for investment
• Going short and using leveraged instruments to speculate on market movements
• You can trade 24 hours on some instruments

 

But there are also some disadvantages to leveraged trading:

• Margin can magnify your loses
• Leveraged trading can prevent you from actually owning assets, depending on your account balance
• Margin calls can result in financial losses if positions move against you
• If you hold your leveraged trades open overnight, rollover fees will be charged

 

💳Account	🔼Max. Leverage
Standard	1:unlimited
Standard Cent	1:unlimited
Raw Spread	1:unlimited
Zero	1:unlimited
Pro	1:unlimited

 

If you are planning on leveraging your trades, proceed with caution because not only will you gain more exposure to the markets, but you will also significantly increase your exposure to investment risks and financial losses.

Cryptocurrencies can only be leveraged by 1:400 when trading with Exness.

 

Exness Account Types

Choosing a broker that offers multiple accounts gives you more flexibility. Oftentimes, you will have the option to choose commission-free accounts with slightly higher spreads, or you can open accounts with ultra-tight spreads that charge small commission fees – but some brokers offer accounts that are entirely commission-free!

You also need to consider whether you will be needing a demo account to practice or test your trading strategies on, and if you abide by Sharia laws and are not allowed to pay or earn interest, then you will need to choose a broker that offers swap-free accounts.

 

Exness account types:

1. Standard Account
2. Standard Cent Account
3. Raw Spread Account (Professional)
4. Zero Account (Professional)
5. Pro Account (Professional)
6. Swap-free
7. Demo

 

Standard Account: 

• Minimum deposit: $10
• Commission: No
• Spreads: from 0.3 pips
• Instruments: Forex, metals, cryptocurrencies, energies, stocks, indices
• Demo version available: Yes
• Swap-free version available: Yes
• Maximum leverage: Unlimited

 

Standard Cent Account: 

• Minimum deposit: $10
• Commission: No
• Spreads: from 0.3 pips
• Instruments: Forex, metals
• Demo version available: Yes
• Swap-free version available: Yes
• Maximum leverage: Unlimited

 

Raw Spread Account: (Professional)

• Minimum deposit: $500
• Commission: Up to $3.50 each side per lot
• Spreads: from 0 pips
• Instruments: stocks, energies, Forex, cryptoсurrencies, indices metals,
• Demo version available: Yes
• Swap-free version available: Yes
• Maximum leverage: Unlimited

 

Zero Account: (Professional)

• Minimum deposit: $500
• Commission: From $0.2 each side per lot
• Spreads: from 0 pips
• Instruments: stocks, energies, Forex, cryptoсurrencies, indices metals,
• Demo version available: Yes
• Swap-free version available: Yes
• Maximum leverage: Unlimited

 

Pro Account: (Professional)

• Minimum deposit: $500
• Commission: No
• Spreads: from 0.1 pips
• Instruments: stocks, energies, Forex, cryptoсurrencies, indices metals,
• Demo version available: Yes
• Swap-free version available: Yes
• Maximum leverage: Unlimited

 

You can also open a demo account to practice trading risk-free or test your strategies on and you will be able to use the MetaTrader platforms as well as the Exness app when you open a demo account.

Swap-free Islamic account options are available to customers upon request and traders can rest easy knowing that all their trading will be aligned with Sharia Laws.

 

Market Instruments

One of the most important factors to consider when choosing a broker is ensuring that they offer a variety of the instruments that you plan on adding to your portfolio, but you should opt to find a broker that offers many different products if your goals is to have a diverse portfolio.

Exness offers plenty of instruments, but we highly recommend trading with them if you want to trade Forex, Stocks and/or Cryptocurrencies.

 

Exness offers the following instruments:

• Forex (100+)
• Cryptocurrencies (20+)
• Energies (3)
• Metals (10)
• Stocks (25+)
• Indices (10)

 

Exness Fees and Commissions

The minimum deposit required to activate a live trading account is $10. Deposits and withdrawals are free of charge, but your bank or card provider might charge transaction fees.

No swap fees are charged on some forex pairs, cryptocurrencies, stocks, indices and gold.

Overall, trading costs are low.

 

Commission fees:

The Standard account, Standard Cent account and Pro account do not charge any commission fees.

The Raw Spread account and Zero account charge small commission fees:

• Raw Spread account: Up to $3.50 each side per lot
• Zero account: From $0.2 each side per lot

 

Deposits and Withdrawals

Another important factor to consider when choosing a broker is the payment methods they offer, the base currencies they accept and the processing time of transactions. 

We recommend finding a broker with multiple supported base currencies, especially if you are not based in the USA, to reduce the impact that exchange rates might have on your deposits and to minimise transactions fees and currency conversion costs.

 

 

Some deposits and withdrawals are instant, but when you use crypto, bank cards or internet banking, payments can take up to 72 hours to reflect.

 

💳 Exness Payment methods:

• Bitcoin
• Bank Card
• Internet Banking
• Skrill
• Neteller
• Perfect Money
• Tether (USDT ERC20)
• Webmoney
• Mybux
• Ozow

 

Research and Educational Resources

🔍Exness offers a trader’s Academy that can be found on their educational website.

🔍The academy offers Forex courses and Forex training specifically tailored to assist traders of any experience level.

🔍Exness has a keen focus on making sure that novice traders develop to their full potential.

🔍Research and training materials are well organised and easy to access.

🔍Additional perks include the use of a free demo account, real-time financial news from the Dow Jones and Web TV.

 

Trading Platforms

You should opt to choose a broker that is compatible with popular platforms like MetaTrader 4, MetaTrader 5 or cTrader. If you’re a social trader, then we recommend also finding a broker that allows you to use ZuluTrade. 

Depending on the type of trader you are and your level of trading experience, we also recommend choosing a broker that supports copy trading if that is something you’re interested in.

There are also many brokers that offer outstanding proprietary platforms with tools and features that are designed specifically for the account types and instruments they offer and you may find at times, that native platforms have features and other types of tools that mainstream platforms do not have – so it’s worth a try!

MetaTrader 4 and 5 are renowned for having advanced charting features and drawing tools, a wide range of technical indicators, EA trading functionality and much more. If you are interested in trying out the MetaTrader platforms, you can download both MT4 and MT5 for FREE from the official MetaTrader website. 

 

Platforms supported:

• MetaTrader 4
• MetaTrader 5
• MetaTrader Terminal
• MetaTrader Mobile
• Exness Terminal
• Exness Mobile Trading

 

Additional platform support includes fee reports, technical analysis and support for multiple languages.

 

Trading Tools and Platform Features

The Exness mobile app comes with a variety of free built-in analytical tools, trading signals, customisable charts and market news, as well as 24/7 in-app support

 

Exness offers the following standard tools:

• Economic calendar
• Trading signals by Trading Central
• Market news by FXStreet
• TC Technical Analysis Indicator
• Trader’s Calculator
• VPS Hosting
• Tick History
• Trading Central WebTV

 

As a MetaTrader-friendly broker, you will be able to use:

• MQL5
• Smart Trader Tools
• Autochartist
• Hedging tools
• 21 timeframes
• 38 built-in indicators
• over 2 000 free custom indicators
• 700 paid indicators
• Basic tools for graphic analysis
• One-Click-Trading
• Algorithmic trading
• MetaTrader Market
• Fundamental analysis news

 

Customer Support

The customer support team can be reached through telephone, live chat and email.

24/7 support is offered to English and Chinese and there are also 13 other supported languages.

You can also visit the Help Center to view answers to some of the most commonly asked questions.

 

How to Open an Account

Follow these steps:

1. Register for a trading account via the website
2. Confirm credentials by providing supporting documents
3. Await verification process to be completed
4. Make your first trade!

 

Account creation can take up to 24 hours depending on whether you are applying for a demo account, a standard account or a professional account – but in most cases, accounts can be created within a couple of minutes.

The reason why you need to submit identification documents when applying for accounts with most regulated brokers is that they are trying to improve the safety of their platforms by eliminating fake accounts. They also need these documents for KYC requirements and to comply with any tax legislation laws – especially for high-net worth clients and professional traders. 

By submitting valid documents, you are also protecting yourself because you will be able to prove that your account belongs to you, should anything happen.

Regulated brokers will never leak your personal information, nor will they sell it or abuse it for personal gain, which is why it is so important to trade with a broker that you can trust.

 

Conclusion

Not only is Exness an excellent option for first-time traders who are looking for a low-risk, low-cost broker with flexible accounts and low minimum deposits, but we also recommend trading with them if you are a high-volume professional trader seeking competitively low spreads and advanced trading tools.

They are one of our favourite MetaTrader brokers, but they also offer a proprietary trading platform with high-quality trading tools and fast execution speeds.

You have a variety of payment methods at your disposal and you can fund your account with many different currencies, which significantly reduces trading costs and currency conversion fees.

We recommend Exness to all types of traders and we hope that this Exness review has answered some of the questions you had about trading with them.

 

 

Start your trading career with them today for only $10 and start building the investment portfolio you’ve always wanted!

We hope that this Exness Broker Review helps you find a broker that aligns with your trading goals.

Good luck with your trading!

 

Frequently Asked Questions

Is Exness regulated and safe to trade with?

Yes, they are regulated by:

• CySEC
• FCA
• SFSA
• FSCA
• FSC
• FSA
• CBCS

 

What is Exness’ minimum deposit requirement?

$10

 

What base currencies does Exness support?

You can fund your account using:

• USD
• EUR
• ZAR
• CHF
• NZD
• SGD
• JPY
• AUD

 

What payment methods does Exness accept?

Exness payment methods:

• Bitcoin
• Bank Card
• Internet Banking
• Skrill
• Neteller
• Perfect Money
• Tether (USDT ERC20)
• Webmoney
• Mybux
• Ozow

 

What account types does Exness offer?

There are 5 live account types, as well as demo accounts and swap-free accounts.

• Standard
• Standard Cent
• Raw Spread
• Zero
• Pro

 

Does Exness offer demo accounts?

Yes

 

Does Exness offer swap-free accounts?

Yes

 

What leverage does Exness offer?

There is no limit to the amount you can leverage your trades by

 

What spreads does Exness offer?

Spreads start from 0 pips on the Raw Spread account and 0.3 pips on the Standard accounts.

 

What platforms can I use with Exness?

You will be able to use MetaTrader 4, MetaTrader 5 and the Exness mobile app 

 

Is Exness not available in some countries?

Not available in: USA, Saint Vincent and the Grenadines, American Samoa, Baker Island, Guam, Howland Island, Kingman Reef, Northern Mariana Islands, Puerto Rico, Midway Islands, Wake Island, Palmyra Atoll, Jarvis Island, Johnston Atoll, Navassa Island, Israel, Vatican, Malaysia, and Russia Federation.

 

Disclaimer

Remember, 75% of retail investors lose money when trading CFDs and there is a high risk of losing your capital in the forex markets.

The information on this website is in no way intended to be used as financial advice and opening an account with any broker is done at your own discretion and risk.