Exness Review
Exness is regulated globally with Tier 1 regulation from the FCA UK & other regulation from South Africa & kenya
Exness is just an average broker, they are not as good as they male themselves to look especially with all their fancy advertising
I like that exness has many account base currencies to choose from but their mobile app user interface is not friendly, the buttons are too small and not evenly spaced.
Are you kidding me? to transfer money from one of my trading accounts to another one there is a limit of $1 (meaning I cant transfer below $1 between my trading accounts?) thats very inconveniencing and I dont see the sense in that. Exness withdrawal process is also lengthy you initiate on your laptop then they send a confirmation to the mobile app which is too stressful
I use Exness just for currency trading because their spreads are okay. However they have to improve on their overall presentation and user interface speed. They are not as smooth as my former broker
I use Exness from Nigeria and I love their fast withdrawals and their MT5 platform which I use is stable. The issues I have had with them are that their customer support is not as good as what rivals like HF Markets offer.
Terrible broker, do not believe what they say. They keep manipulating their spreads and making their system to freeze during high volatility so that you cannot trade and make money. Very many cases of slippage too!
I actually opened a standard account with Exness but they were always manipulating the spreads, even when markets were calm and so I had to abandon them for IC Markets.
Very good mobile trading app & MT5 they got & their withdrawals are instant but I noticed price exceeds my Take Profit without triggering it.
Exness has great platforms and everything you do on their MetaTrader shows on the mobile app in real time. However, their spread can widen at anytime so even if they say EUR/USD is 0.9 pip it doesnt really stay that way I also noticed that when volatility is high my Stop Loss gets triggered even without price getting to it
I've traded with Exness before, they are an okay broker. I traded on their Pro Account, the spreads were normally okay during London & NY opening, usually 0-6-0.7 pips on EURUSD. The main issue I had with them is for other indices CFDs, all of a sudden they would stop trading on that. Also, their spreads, fees on these indices are very high. I'm paying 1/5th now for the same instruments at my new broker. If you are only trading EURUSD or other majors, they are okay, but don't expect too much.
Exness is a regulated forex broker with micro account
What is Exness?
Exness is a multi-asset broker founded in 2008 by Petr Valov & Igor Lychagov. Exness is suitable for individual and institutional investors offering reliable and user-friendly trading experience.
| 👨 Founder | Petr Valov (CEO), Igor Lychagov |
| 📅 Year Founded | 2008 |
| ⚖ Regulators | FSA, CBCS, FSC, FSCA, CySEC, FCA, CMA |
| 📈 Trading Instruments | Forex CFDs, Commodity CFDs, Stock CFDs, Index CFDs, Crypto CFDs |
| 🚀Leverage | 1:2000 |
| 💻 Platforms | MT4, MT5, Exness Trade app, Exness Web Terminal, Exness Social App. |
| 📋Account Types | Cent/Standard, PRO, Raw Spread, Zero Spread |
| 💰 Minimum Deposit | $10, $500 |
| 📞Live Support | 24/7 |
| 🏖️ Inactivity Fee | $0 |
| ✅Reason To Trade | High tech trading platforms, Low EUR/USD spread, Zero withdrawal fees, Range of accounts |
| ❌Reason To Avoid | Not so great customer support, Spreads widen during high volatility |
Is Exness a Good Broker?
Exness is a good broker & is legit because they are held accountable by different financial market regulators across the globe.
- In South Africa, Exness is accountable to the Financial Sector Conduct Authority (FSCA)
- In Kenya, Exness is accountable to the Capital Markets Authority (CMA)
- In other parts of Africa, Exness is accountable to the Financial Services Authority (FSA) Seychelles
- Outside the European Economic Area, Exness is accountable to the Central Bank of Curacao & Sint Maarten, FSA British Virgin Islands.
- Exness is also accountable as an investment firm (not a forex broker) to the Financial Conduct Authority (FCA) United Kingdom, & CySEC Cyprus
| Pros | Cons |
| ✅Tier 1 regulation from the FCA United Kingdom | ❌Clients not accepted from Europe & USA |
| ✅Independent auditing by Deloitte | ❌Exness only accepts corporate clients in the UK |
| ✅ODP license from FSCA South Africa |
What Can I Trade on Exness?
Exness lets you speculate on its own instruments without you taking ownership of them and this is possible by the use of CFD contracts.
You can trade CFD contracts on the following Exness instruments using leverage:
- 100+ Forex CFDs with 1: 2000 leverage
- 10+ Commodity CFDs with 1:2000 leverage
- Stock CFDs with 1:20 leverage
- 10+ Index CFDs with 1:200 leverage
- 10+ Crypto CFDs with 1:400 leverage
| Pros | Cons |
| ✅Trade instruments you don't own | ❌Leverage use is mandatory |
| ✅Copy trades of others via social trading | ❌Some asset classes are not offered (such as ETFs, Bonds, Agricultural commodities) |
| ✅Popular dividend paying Indices such as NASDAQ are available |
What Are Exness Account Types?
Exness offers various account types according to your experience level and needs. These accounts include:
Standard AccountsThis comprises the Standard account which is the most popular account and suitable for all types of traders, and the Standard Cent account which is suitable for new traders allows you to trade micro-lots and improve your trading experience.
Professional AccountsIf you’re an experienced trader, the Professional Accounts are suitable for you. The accounts include Pro, Zero, and Raw Spread accounts.
Demo Trading AccountThe demo account helps you test strategies, develop your trading skills, and practice without financial risk.
Social Trading AccountsSocial Standard and Social Pro accounts help you copy the successful trades and strategies of experienced traders.
Whether you are a new trader, don’t have time to research, or want to diversify your portfolio, the Social Trading accounts are suitable for you.
Portfolio Management AccountsThe Portfolio Management Accounts comprises of Social Pro and Pro accounts, and help experienced traders manage the funds and portfolios of investors.
You can trade with the funds of your investors and earn a custom performance percentage, or you can trade with your own money and earn a custom performance percentage from investors who copy your strategy.
| Pros | Cons |
| ✅Cent Account for beginners | ❌You need to open a separate account for copy trading |
| ✅Demo Account for experimenting | |
| ✅Raw Spread Accounts for pros |
What Account Currency Does Exness Support?
All Exness clients can open account is the major base currencies such as USD, GBP etc. but Exnes also offers local base currencies such as:
- Africa: ZAR, KES, NGN, GHS, UGX, EGP, MAD, XOF
- Asia: AED, BDT, BHD, BND, CNY, HKD, IDR, INR, JOD, JPY, KRW, KWD, KZT, MYR, OMR, PHP, PKR, QAR, SAR, SGD, THB, UZS, VND
- Australia: AUD, NZD
- Europe: ARS, AZN, CHF, EUR, GBP, HUF, UAH
- North America: CAD, MXN, USD
- South America: BRL
How Do I Open an Exness Account?
- Go to the Exness Website and click on Register.
- Select country/region of residence, type in your email address and a password. Ensure the box is ticked to declare and confirm you’re not a citizen of the US and then click on continue.
- Choose between Demo or Real account
- Complete your profile and Click Open New Account
- Choose the account that is more suitable for you between Standard, Pro, Raw Spread, Zero, and Standard Cent, then click on Continue.
- Enter the max leverage, currency, account nickname, and create a password for the account. Once done, click Create an Account.
- To make your first deposit, verify your account by uploading your government ID and proof of residence
How much is Exness Broker Minimum Deposit?
The minimum deposit for Exness is $10, which only applies to the Exness Standard & Cent Account categories. For the Professional Accounts, the minimum deposit is $500.
You can deposit into your account through these methods:
- Online bank transfer
- Neteller
- Bank payment
- Skrill
- SticPay
- Bank Card
- Perfect Money
- Tether (USDT ERC20)
- Tether (USDT TRC20)
- USD Coin (USDC ERC20)
How much is Exness Broker Minimum Withdrawal?
The minimum withdrawal for Exness is $1, however certain withdrawal methods may impose higher withdrawal limits. See list below:
- Online bank - $3
- Neteller - $4
- Skrill - $10
- SticPay - $1
- Perfect Money - $2
- Tether (USDT ERC20) - $100
- Tether (USDT TRC20) - $10
- USD Coin (USDC ERC20) - $100
What Are Exness Fees?
The Standard accounts have a spread starting from 0.2 pips, the Professional Accounts have a spread starting from 0 pips, the Social Trading accounts have a spread from 0.6 pips, and the Portfolio Management accounts have a spread starting from 0.4 pips.
For Forex CFD, Exness offers commission-free trading on the Standard, Standard Cent, and Pro accounts, while the Raw Spread Account charges flat $3.5 per side commissions, & the Zero Account commissions can exceed $3.5 per side depending on the currency pair.
For Commodity CFDs, Exness offers commission-free trading on the Standard, Standard Cent, and Pro accounts, while the Zero Account charges a commission starting from $2 per lot/side, and the Raw Spread Account charges a commission starting from $0.5 per lot/side.
Trade Stock CFDs without paying commission on all Exness accounts except the Zero Account which charges you a commission starting from $0.4 per lot/side.
For Indices CFDs, Exness offers commission-free trading on the Standard and Pro Accounts, while the Zero and Raw Spread accounts charge a commission starting from $0.05 per lot/side.
For Crypto CFDs, Exness offers commission-free trading on the Standard and Pro accounts, while the Zero account charges a commission starting from $0.2 per lot/side, and the Raw Spread charges a commission starting from $0.25 per lot/side.
Exness allows swap-free trading, so you won’t pay fees for keeping the following CFD trades open overnight:
- Major Currency pairs – swap-free on Exness
- Minor Currency Pairs - swap-free on Exness
- Gold - swap-free on Exness
- USOIL - swap-free on Exness
- Cryptocurrencies - swap-free on Exness
- Indices - swap-free on Exness
Exness does not charge inactivity fees on dormant accounts
Instead they archive the account after 30 days of inactivity; if the account balance is below $10.
,p>When your trading account is archived, you lose the history even if you unarchive/restore it later.| Pros | Cons |
| ✅No overnight fees (Extended swap-free for several asset classes) | ❌High commissions |
| ✅Low spreads on major forex pairs | ❌High spreads on indices |
| ✅No inactivity fees | |
| ✅No withdrawal fees | |
| ✅Zero commission when trading Stock CFDs on most Exness accounts |
How Does Exness Calculator Tool Work?
The all-in-one Exness calculator helps you calculate your margin, spread cost, commission, swap short, swap long, and pip value.
To use this calculator:
- Select your account type
- Choose the account currency
- Select the instrument
- Fill in the lot
- Select the most preferred leverage
- Click on calculate and see your results.
What Trading Platforms Does Exness Offer?
Exness offers you various trading platforms, these include:
Exness MT4
The MetaTrader 4 is available on Android and iOS devices. You can also download and trade on the Exness MT4 platform on your Windows or Mac PC. You can manage up to 128 different accounts on the MT4 platform only on a Windows desktop.
Exness MT5The MetaTrader 5 is available on Android and iOS devices. You can also download and trade on the Exness MT5 platform on your Windows, macOS, and Linux-powered PC.
Exness Trade Mobile AppThis is available on all iOS and Android devices, making trade on the go.
Exness Web TerminalThe Exness Terminal offers you a user-friendly web trader platform that can be accessed on any browser.
Exness Social Mobile AppThe Exness Social app lets you copy the trades and strategies of experienced traders.
| Pros | Cons |
| ✅MT4 & MT5 available | ❌No cTrader |
| ✅Proprietary web trader can be accessed from any device | ❌No TradingView collaboration |
| ✅Exness Trade mobile app lets you monitor your trades on the go & has advanced charting | ❌A separate app for copy/social trading can be inconvenient & take up phone storage |
| ✅Exness Trade Mobile App has an inbuilt MT5 terminal for convenience. | ❌No MetaTrader support such as free Expert Advisors for MT4/5 |
How Fast is Exness Customer Support?
Exness offers 24/7 customer support, and you can reach out via these channels:
Does Exness offer Educational Material?
Exness offers educational resources such as guides, accurate information, video tutorials, webinars, and market analysis to beginners on Exness blog, Exness Insights, and Exness YouTube channel.
You can learn trading basics, trading strategies, market analysis, and trading psychology through these channels.