Exness Review

  • Minimum Deposit: $10
  • Products: Crypto, Forex, Commodities, Stocks, Indices

    74-89% of retail CFD accounts lose money

    Exness Trading Company has been working in the Forex market since 2008. The broker operates legally in more than 130 countries, fully complying with local laws in all jurisdictions. The Exness group of companies holds licensed issued by the following regulatory authorities: FCA (UK), CySEC (Cyprus), FSA (Seychelles), CBCS (Curacao and Saint Martin), FSC (British Virgin Islands), FSC (Mauritius), FSCA (South Africa), CMA (Kenya). The broker is also a member of the Financial Commission, providing up to EUR 20,000 insurance coverage per client in the event of a force majeure. The broker holds the leading position in Forex ratings. The company’s monthly trading turnover totals $325.8 billion USD. The broker currently has CFDs available for cryptocurrency, stocks, more than 120 currency pairs, energy and metals. Exness’s service provides favorable working conditions for traders: low commission, instant execution of orders and withdrawal of funds. There are several options for opening an account depending on the traders’ needs. A demo account is available – a training account that is useful for both beginner level traders and professional traders.

    💰 Account currency:35+ currencies, including EUR, CHF, ZAR, INR and others
    🚀 Minimum deposit:Standard, Standard Cent, Standart Plus – 1 USD, Raw Spread, Zero, Pro – $200
    ⚖️ Leverage:1:2000 at the start, 1:Unlimited under condition of opening 10 positions and trading at least 5 lots (500 lots for the cent account)
    💱 Spread:Standard, Standard Cent – from 0.3 pips, Pro – from 0.1 pips, Raw spread, Zero – from 0 pips, Standard Plus – from 1 pip
    🔧 Instruments:Currencies, assets of stock and commodity markets, cryptocurrencies
    💹 Margin Call / Stop Out:Standard: 60/0%, Standard Cent: 60/0%, Standard Plus: 60/0%, Pro: 30/0%, Raw spread: 30/0%, Zero: 30/0%

    Exness Pros & Cons

    Pros

    • Competitive Spreads
    • MetaTrader Suite Available
    • Swap-Free/Islamic Account Provided
    • High Maximum Leverage

    Cons

    • No USA Clients Permitted

    Exness is recommended for traders with some knowledge of the industry, as this broker does not offer many “how-to” resources that would be helpful to a beginner. You can still sign up with Exness if you’re a novice; just note that you’ll have to learn your basics elsewhere. Advanced and intermediate traders will appreciate this broker’s variety of account types and MetaTrader suite. 

    Account Options

    Broker TypeDealing Desk
    Minimum Deposit$10
    Maximum LeverageUnlimited
    ScalpingYes
    HedgingYes
    Demo AccountYes

    Top Exness Features

    • Instant Withdrawals. One feature that Exness is proud of is its instant withdrawals. According to this broker, you can carry out a withdrawal in just seconds. No manual processing is necessary, and withdrawals are instant even on the weekends. 
    • Free VPS Hosting. If you want fast, reliable execution, Exness has free VPS hosting. The uninterrupted internet coverage will safeguard against issues that could interrupt your trading. 
    • Comprehensive Price History. Exness allows clients to access a historical archive of all price tick data. The broker draws this archive from its real-time pricing. Just go to https://www.exness.com/tick-history/, select an instrument and time period, and click to download a zip file with past bid/ask prices.
    • High Trade Volume. Exness has a brag-worthy trade volume. As of April of 2022, it boasted $2.105 trillion in total trading volume. There are 281,270 active clients as of April of 2022, and these clients made a total of $870 million withdrawals in the first quarter of 2022. 
    • Transparent Broker. Exness is a transparent broker. In addition to being regulated by several different organizations, it also makes its reports publicly-available so that clients can view its audits and performance indicators. You can access these reports at https://www.exness.com/financial-reports/.

    Exness Account Types

    Standard CentStandard
    Features0% Hedged Margin, 60% Margin Call, 0% Stop-Out, Market Order Execution0% Hedged Margin, 60% Margin Call, 0% Stop-Out, Market Order Execution
    Account CurrenciesAED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZARAED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR
    Available Leverage1:20001:2000
    Minimum Deposit$10$10
    Commission Per Trade$0$0
    Trading InstrumentsForex, Metals, Cryptocurrencies, Energies, Stocks, IndicesForex, Metals, Cryptocurrencies, Energies, Stocks, Indices
    Min. Lot Size Per Trade0.01 (Max: 200)0.01 (Max: 200)
    SpreadsFrom 0.3From 0.3
    Raw SpreadZero
    FeaturesLowest Spreads, Market Execution, Fixed Commission Per LotZero Spread on Top 30 Instruments, No Requotes, Market Execution
    Account CurrenciesAED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZARAED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR
    Available Leverage1:20001:2000
    Minimum Deposit$200$200
    Commission Per TradeUp to $3.50 each side per lotFrom $0.20 each side per lot
    Trading InstrumentsForex, Metals, Cryptocurrencies, Energies, Stocks, IndicesForex, Metals, Cryptocurrencies, Energies, Stocks, Indices
    Min. Lot Size Per TradeDepends on InstrumentDepends on Instrument
    Spreads0.0 for 95% of the Trading Day0.0
    Pro
    FeaturesInstant Execution Account, Low Spreads, Zero Commission
    Account CurrenciesAED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR
    Available Leverage1:2000
    Minimum Deposit$10
    Commission Per Trade$0
    Trading InstrumentsForex, Metals, Cryptocurrencies, Energies, Stocks, Indices
    Min. Lot Size Per TradeDepends on Instrument
    SpreadsFrom 0.1

    Trading Platforms

    • The Exness Trader App by Exness
    • Exness Terminal by Exness
    • MetaTrader 4 by MetaQuotes Software Corp.
    • MetaTrader 5 by MetaQuotes Software Corp.

    Exness Compliance & Regulation

    There are a few regulatory bodies to note with this broker, as it is regulated based on its location. Below are all of Exness’ governing bodies: 

    • Exness SC Ltd.: Financial Services Authority (Seychelles)
    • Exness CY: Cyprus Securities and Exchange Commission (Cyprus)
    • Exness UK: Financial Conduct Authority (United Kingdom)
    • Exness ZA Pty Ltd: Financial Sector Conduct Authority (South Africa)
    • Exness B.V.: Central Bank of Curacao and Sint Maarten (Curacao and Sint Maarten)
    • Exness VG Ltd: Financial Services Commission (British Virgin Islands)

    Exness User Experience

    Exness has won a lot of accolades, and this speaks to its customer experience. It was the first broker to exceed $1 and $2 trillion benchmarks in monthly trade volume, and it has been given several awards, including: 

    • “Best Customer Support” – Financial Markets Expo, Cairo, 2021 
    • “Premium Loyalty Program Award” – Financial Markets Expo, Cairo, 2021
    • “Most Innovative Broker” – Dubai Expo, 2021 
    • “Most People-Centric Broker” – Traders’ Summit, 2021
    • “Global Broker of the Year” – Traders’ Summit, 2021

    There are several trading platforms with Exness, allowing you access to the broker via mobile phone, web, and download. It is always a positive sign when a broker has a variety of platforms, as these allow you to trade from a desktop at home as well as on-the-go.

    Exness provides a range of assets to its traders in the categories of Forex, Metals, Cryptocurrencies, Energies, Indices, and Stocks. Here are some details about each asset class and what it includes: 

    • Forex: 97 Pairs
    • Metals: Silver, Palladium, Platinum, and Gold 
    • Cryptocurrencies: 35 Cryptos with Up to 1:400 Leverage, 24/7 Trading 
    • Energies: Crude Oil, Crude Oil Brent, and Natural Gas 
    • Indices: Down Jones Industrial Average, FTSE 100, S&P 500, etc. 
    • Stocks: Google, Tesla, AliBaba, Amazon, Intel, etc.

    Final Thoughts on Exness

    Exness’ accolades speak for themselves. This broker has done well at awards shows, and it is easy to see why. They have competitive spreads, low fees, and low costs of trading that will allow you to minimize the impact to your wallet while potentially maximizing profit. 

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