Exness Review: Is the Exness Group a Reliable Broker?
Established in 2008, the Exness Group is a multi-asset broker providing financial services to over 200,000 monthly active clients from around the world. The company is licensed by multiple regulatory institutions, such as Cyprus Securities and Exchange Commission (CySEC) and Financial Conduct Authority (FCA).
Since its entrance to the financial industry 13 years ago, Exness has impressed its traders with a vast array of account types and financial products that satisfy various trading needs. Whether you are a novice or seasoned trader, trading with Exness means you will find what you are after.
The broker gives its customers access to the leading trading platform MetaTrader 5 (MT5) to support its trading services. Together with its excellent executions and tight spreads, Exness’ worldwide success comes as no surprise.
What is Exness: What We Know About Exness Global
The Exness Group is a global multi-asset broker headquartered in Cyprus. It offers its traders exposure to a wide range of financial instruments, including forex, cryptocurrencies, metals, indices, energies and stocks.
Trading Products
Trading with Exness allows you to speculate on the price movements of financial assets. You can enjoy exposure to the financial markets without taking ownership of any underlying instruments.
Unlike traditional investing, Exness’ trading products enable you to potentially gain from both rising and falling markets.
Traders can also take advantage of the availability of leverage at Exness. They can gain full exposure to the markets by putting down a margin deposit that takes up a fraction of the full value of their position.
Leverage trading makes it possible for you to potentially earn substantial profits without investing a large amount of capital. However, since both your profits and losses are calculated based on your full position size, the use of leverage can also amplify your losses.
Available Regions
As a global broker, Exness’ services are available in numerous countries and regions across the globe. The company has established an extensive footprint in Asia over the years, with countries such as Thailand and Vietnam being its most important sources of customers.
Exness is also a highly popular broker in South Africa, South America and the Middle East.
Is Exness Trusted within the Industry?
Transparency
Exness has been keeping its business as transparent as possible. The broker’s financial reports are verified by Big Four accounting firm Deloitte on a quarterly basis. These reports are then published on Exness’ website for public viewing.
Exness’ tick history, statistics and numbers are also available on the company’s website.
Exness’ Regulations
Exness is licensed by several reputable financial regulators, including the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). The multi-asset broker is also regulated by the Financial Services Authority of Seychelles (FSA) and British Virgin Islands’ Financial Services Commission (FSC).
Exness’ transparency and licences are indicators of reliability and a safe and secure trading environment. It is recognised as one of the most trustworthy brokers in the trading industry.
The Exness Group: An Award-Winning Company
The Exness Group is a multi-award winning broker. In 2019, Exness was awarded the ‘Most Transparent FX Broker’ by World Finance and ‘Global FX Broker of the Year’ by The European.
In September 2021, the company was honoured with another prestigious award at the 9th Invest Cyprus International Investment Awards. The award is a recognition of Exness’ contribution to the Cypriot economy.
How Does the Exness Company Differentiate Itself from Other Brokers?
Exness prides itself on its superior trading conditions. It continuously enhances the stability of its servers, execution speed and quality. At Exness, an order can be executed within a matter of 0.01 seconds.
Exness is strongly against the manipulation of trades. It has never cancelled any of its customers’ positions without their consent under any circumstances.
What really makes the broker stand out from the crowd is its tight spreads, instant withdrawal and low initial deposit requirement. Since Exness is a market maker, it provides one of the tightest spreads amongst global brokers, even when the markets are being impacted by fundamentals.
Thanks to the firm’s automated withdrawal system, traders can access their funds instantly without having financial specialists involved. The straightforward withdrawal process makes Exness a go-to place for hassle-free trading.
Exness offers one of the lowest initial deposit requirements on the trading market. Holders of Exness’ Standard Cent and Standard accounts can open a trade with a minimum deposit of just 10 USD.
Last but not least, the broker ensures the security of traders’ funds by segregating its clients’ accounts from corporate funds. Also, the size of Exness’ funds is always several times larger than that of its clients’ capital. This means Exness will always be able to fulfil your payout requests.
Get Fast Order Execution
Rely On Us For 24/7 Support
Enjoy Low Transaction Costs
Visit Our Upgraded Help Center
Exness’ Market Tools and Analytical Instruments
Exness’ customers can enjoy trading a range of the world’s most talked about financial assets, including forex, energies, cryptocurrencies, metals, indices and stocks.
Forex
Exness offers more than 100 currency pairs for traders to choose from, which explains why the broker is popular amongst forex lovers.
Examples of actively traded forex pairs available at Exness include EUR/USD, GBP/USD, USD/CAD and USD/JPY.
Energies
Known for their volatility, energies are much loved by seasoned traders with higher risk tolerance.
There are two types of energies amongst Exness’ trading products, namely Brent Crude and West Texas Intermediate.
Cryptocurrencies
Cryptos are probably the hottest trading instruments in recent years. Exness’ cryptocurrency offerings are constantly growing, allowing its traders to keep up with the latest trends on the market.
Exness’ most recent additions to its range of crypto trading products include Uniswap Token, Solana, Basic Attention, Theta and Dogecoin.
Metals
A reliable source of wealth during times of uncertainty, precious metals are always one of traders’ favourites.
Exness provides gold, silver, platinum and palladium for traders to diversify their portfolios and potentially gain from the lucrative metals market.
Indices
There are over ten indices amongst Exness’ trading products, such as the US500, HK50 and US30.
By trading indices, you can speculate on an entire financial market without trading individual instruments.
Stocks
Exness’ impressive stock collection features around 100 sought-after stocks, such as, Tesla, Netflix, Pfizer and Facebook.
Account Types
Exness provides its clients with a variety of account types to complement different trading styles. There are two main categories of Exness accounts: Standard and Professional (as listed below). Each account type boasts various features to suit the needs of both beginners and experienced traders.
Standard Accounts
|
Professional Accounts
|
Choosing and Opening an Account
To start trading with Exness, traders have to select and register an account with the broker. The account registration process is quick and easy: it will only take you a few minutes to get your account up and running.
To help you decide on which account to go for, we’ve put together a summary of the features of each account type:
The Standard Account
The Standard account is subject to no trading commissions. It gives traders access to all asset classes available at Exness.
The Standard Cent Account
The Exness Cent account allows a minimum position size of 0.01 cent lot. Its holders can trade as many as 36 currency pairs and metals available at Exness.
The Pro Account
The Exness Pro account enables traders to enter the market at their requested price by featuring instant execution.
The Zero Account
Exness Zero account holders are offered spread-free trading for the broker’s 30 most actively traded financial assets 95% of the day.
The Raw Spread Account
The Exness Raw Spread account features a minimum spread of 0.0 pips.
-
Minimum deposit
1 USD
-
Leverage up to
1:2000
-
Spread from
0.3
-
No commisson on trading volume
-
Minimum deposit
200 USD
-
Leverage up to
1:2000
-
Spread from
0.0
-
Commission per lot/ side
Up to 3.5 USD
-
Minimum deposit
200 USD
-
Leverage up to
1:2000
-
Spread from
0.0
-
Commission per lot/ side
From 3.5 USD
Fees and Spreads
The fees that Exness’ customers are subject to vary from account type to account type.
Trading Commissions
Holders of the Standard, Standard Cent and Pro accounts are not subject to any trading commissions.
Nevertheless, the Exness Raw Spread account comes with a fixed commission of no more than 3.5 USD per lot per side. The Exness Zero account has a minimum commission of 3.5 USD per lot per side. Its exact commission size varies with financial assets.
Spreads
The spread of a trading instrument is the difference between its ask and bid prices. Spreads contribute to your trading costs, and are the main source of profit for market makers like Exness.
Exness boasts some of the most competitive average spreads on the market. It offers dynamic spreads on most of its trading instruments, and stable spreads on particular forex pairs, such as EURUSD, GBPUSD and AUDUSD.
When it comes to account spreads, the Standard and Standard Cent accounts have a minimum spread of 0.3 pips.
Pro account users can enjoy a minimum spread of 0.1 pips, while the Raw Spread account offers the lowest spread of 0.0 pips. Trading Exness’ top 30 financial assets through the Zero account is spread-free 95% of the day.
Swaps
Other than spreads and trading commissions, trades held longer than a day are subject to an overnight commission known as swap. Swap rates differ from instrument to instrument, and are charged triple on Wednesdays to compensate for the coming weekend.
Swaps are charged triple on Fridays for those trading energies.
Exness Broker Leverage
Exness’ trading products are leveraged, meaning you will only need to put down a margin deposit that takes up a fraction of your full position size in order to open a trade. This allows you to enjoy full market exposure even when your funds are limited.
Custom leverage options are available for specific asset classes at Exness. Traders can match the right leverage to the trading product of their choice. Your maximum equity will determine your maximum leverage and margin requirements.
Exness cares about its clients’ capital. Therefore, the broker may adjust your margin requirements and maximum leverage prior to weekends, holidays, and important industry news announcements to minimise your risks.
Traders opening a position in the 15 minutes before a major economic news release will have their margin requirements calculated with a maximum leverage of 1:200 if their instruments are affected. Same rules apply to positions opened within 5 minutes after the announcement of the news.
When it comes to weekends, if a trader opens a position between Friday at 19:00 GMT to Sunday at 23:00 GMT, his or her margin requirements will be calculated based on a maximum leverage of 1:200.
As for holidays, Exness will make an announcement on their website in case of increased margin requirements.
Deposits and Withdrawals at Exness Global
Exness believes that trading should be fuss-free and straightforward. Hence it has introduced simple, intuitive deposit and withdrawal processes to ensure traders can handle their funds with ease.
Exness’ Minimum Deposit
The Exness deposit process is supported by a wide range of payment options tailored to different countries and territories. You will find a payment method that is right for you regardless of where you are located.
Exness has one of the lowest minimum deposits available amongst brokers. Holders of Standard and Standard Cent accounts can open their first trade with a minimum deposit of only 10 USD.
Traders holding Exness’ Professional accounts have to satisfy different minimum deposit requirements depending on their countries of registration.
For example, traders registered in Bangladesh and Singapore are required to deposit no less than 200 USD.
If you are registered in Sri Lanka and Botswana, your minimum deposit requirement will be 500 USD.
Opening any type of Professional accounts in Thailand and Japan means you will have to deposit at least 1,000 USD in order to start trading.
As for Exness customers registered in the MENA region, their minimum deposit requirement is 3,000 USD.
The Withdrawal System
The Exness withdrawal system is automated, meaning traders can access their funds instantly without the involvement of financial specialists. You can initiate a withdrawal at any time, including public holidays and weekends.
To make its instant withdrawal system even better, Exness does not charge any withdrawal fees. However, some payment methods may involve a transaction fee. We recommend double checking before committing to a payment option.
Trading Platforms
Exness customers have the world’s leading trading platforms at their disposal, including MetaQuotes’ MetaTrader 4 and MetaTrader 5. They can also trade from the WebTerminal and Exness’ exclusive trading platform, the Exness Terminal.
MetaTrader 4 (MT4)
One of the most popular trading terminals in the world, Exness MT4 is packed with intuitive, user-friendly features that help you develop the ultimate trading strategy.
You can take advantage of both instant and market executions, automated trading and a complete technical analysis package when trading via MT4.
The trading platform is available in a variety of languages, for instance, English, French, Polish, German, Russian, Spanish, Arabic, Japanese and Indonesian.
MetaTrader 5 (MT5)
Exness MT5 is an updated version of MT4. With an improved interface and feature set, the fifth-generation trading platform from MetaQuotes boasts enhanced productivity and performance.
MT5 users can open two additional types of pending orders that are unavailable on MT4, namely Buy Stop Limit and Sell Stop Limit. MT5 also allows up to 21 time frames to be used simultaneously.
WebTerminal
The WebTerminal is ideal for traders who prefer to trade without installing any trading terminals. Developed by the creator of MT4, the WebTerminal is essentially the web version of MT4 and MT5. It features an interface similar to that of its desktop version and is as secure to use.
Exness Terminal
The Exness Terminal is available exclusively to MT5 users. Similar to the WebTerminal, it can be accessed from your web browser and does not require installation.
Since the Exness Terminal is fully owned and developed by the broker, it becomes possible for Exness to continuously improve the platform based on the changing needs of its customers.
Exness Social Trading
Suitable for novice traders, social trading enables investors to copy the trades of experienced traders and benefit from their profitable trades.
Social trading at Exness involves two types of participants: investors and strategy providers.
Investors are usually traders with little experience who want to have a higher chance of success in the financial markets. With Exness’ social trading product, investors can copy the trades of seasoned traders (known as strategy providers) and enjoy the results of those trades.
On the other hand, strategy providers are experienced traders who aim to profit from their trades. Whenever a strategy provider executes a successful trade, he or she will be receiving commissions from investors who have chosen to copy his or her trade.
Strategy providers are free to set their own commission rate at anywhere between 0% and 50%. Commissions are paid at the end of a trading period.
Market Analysis and Research Tools
To offer its customers a one-stop trading experience, Exness has introduced a comprehensive collection of trading tools to help traders gather all the information they need.
Economic Calendar
The Economic Calendar is a must-have for fundamental analysis. The tool keeps you updated with the latest market-moving economic events, such as GDP releases, interest rate decisions and NFP numbers.
You can observe multiple currencies simultaneously using the Economic Calendar. If the upcoming news and events are going to trigger higher margin requirements, they will be marked with ‘flame’ icons to alert traders.
Trading Central WebTV
A powerful tool provided by Trading Central, a global leader in financial research, WebTV is your gateway to the most up-to-date market information.
The tool provides a video stream of financial news from the New York Stock Exchange, which is updated on every trading day at 12:00 pm GMT (when the exchange opens).
WebTV is available in multiple languages, including English, Arabic and Simplified Chinese.
Trader’s Calculator
The Trader’s Calculator tells you all the basics you need to know about your trading positions. It helps you calculate the Swap Long, Swap Short, margin and pip value of your trade.
Exness customers are free to use the Trader’s Calculator regardless of their account types and the financial products they are trading.
Currency Converter
The currency converter is what you need if you are looking for quick currency conversions. It allows you to select six currencies and view their conversion rates simultaneously.
Since the currency converter is updated in real-time, traders are always presented with the most recent exchange rates.
VPS Hosting
To make sure its customers are trading in the best possible environment, Exness offers eligible traders a free VPS.
Having a VPS means you can connect to a remote terminal that has a server in close proximity to Exness’ main trading servers in Amsterdam. This enables you to trade from the remote platform as if you were trading from your PC.
A VPS will also bring about increased speed and stability. As the VPS servers are located in the same data centre as the trading servers, your orders can be instantly executed without being affected by connection issues.
The high quality connection is perfect for 24-hour trading using Expert Advisors and trailing stops.
To qualify for a VPS, you need to have a minimum total deposit of 500 USD and a free margin of no less than 100 USD in your trading account. You are also required to maintain your free margin at 100 USD or above during your VPS application process.
Trading Education: The Exness Academy
Exness understands the importance of getting educated before investing real money on trading. Therefore it has established the Exness Academy, an education hub for traders to discover everything about trading and develop their skills.
The modules at the Exness Academy are divided into three categories: Essentials, Development and Breakthrough.
Essentials
‘Essentials’ is the perfect place for beginners to kickstart their trading journey. You can find a series of articles containing jargon-free explanations on important trading concepts.
For example, you can learn about how CFDs work, trading platforms and leverage.
Development
‘Development’ is all about risk management. Topics in this module category include ‘Five Habits of a Good Trader’ and ‘Diversification.’
Breakthrough
The modules in ‘Breakthrough’ discuss the most significant steps in your trading process: market analysis and strategy development.
You can find guides on how to build and test a trading strategy that suits your needs, as well as how to perform fundamental and technical analysis.
Exness’ Customer Support Team
Exness’ diverse trading products are backed by a diligent and helpful customer support team.
As a global broker serving traders from all over the world, Exness has made sure its customer support team is truly international. The team provides customer service in as many as 15 languages, including English, French, Spanish, Portuguese, Russian, Vietnamese, Chinese, Arabic, Thai, Bengali, Indonesian, Korean, Hindi, Urdu and Japanese.
Exness’ English, Chinese and Thai speaking customer service agents offer 24/7 assistance, while its customer support in the remaining 12 languages are available 24/5.
Other than an outstanding customer support team, which can be reached by phone, email and live chats, the Exness Help Centre provides you with answers to the most frequently asked questions.
You can find your answers using the search bar on get.exness.help.
Conclusion: How Good is the Exness Group?
Exness is a trustworthy multi-asset broker that cares about its customers. Its multiple licences, segregated client accounts and Deloitte-verified financial statements are indicators of its reliability.
With its constantly-improving trading conditions and multilingual customer support, Exness has bent over backwards to offer its customers the ultimate trading experience.
Frequently Asked Questions
What is Exness all about?
Exness is a multi-asset broker founded in 2008. It has since grown into an industry leader, with its monthly trading volume reaching one trillion USD in October 2021.
Exness traders have a variety of financial products to choose from, including forex pairs, cryptocurrencies, stocks, indices, metals and energies.
Is Exness Trustworthy?
Exness is a trustworthy broker. Regulated by several reputable financial authorities, it establishes its transparency by publishing its Deloitte-verified financial statements, tick history and statistics on its website for the public to view.
Exness also segregates its clients’ accounts from its corporate funds to keep its clients’ capital secure.
Does Exness feature Nasdaq?
Yes. Nasdaq is represented by the instrument name USTEC at Exness.
How is Exness regulated?
Exness is licensed by the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Authority of Seychelles (FSA), as well as the Financial Services Commissions (FSC) of British Virgin Islands and Mauritius.
How many trading accounts can I have in my Personal Area?
For each account type, you are allowed to have a maximum of 100 trading accounts per trading platform and trading mode.
For instance, you can open a total of 400 Standard accounts, which include 100 MT4 demo accounts, 100 MT4 real accounts, 100 MT5 demo accounts and 100 MT5 real accounts in one Personal Area.
How does Exness trading work?
Exness provides leveraged products, meaning you only need a margin deposit that makes up a proportion of your full position size to gain full market exposure.
You can speculate on both rising and falling markets. However, it is important to remember that leverage magnifies both your profits and losses.
How to trade at Exness?
You need to register an account with Exness in order to start trading. Then, you will be asked to verify your profile by completing phone and email verification, filling in an Economic Profile and providing proof of identity and proof of residence.
Next steps are to make a deposit and start trading.
What are the differences between Standard and Pro account types?
With a Standard account, you can start trading by depositing 10 USD, but the lowest minimum deposit required for a Pro account is 200 USD. You may be subject to a higher first deposit requirement depending on your country of registration.
The minimum spread on a Standard and Pro account is 0.3 pips and 0.1 pips respectively.
What is the minimum deposit at Exness?
The minimum deposit required for Exness’ Standard and Standard Cent accounts is 10 USD, while its Pro, Raw Spread and Zero accounts have a minimum deposit requirement of no less than 200 USD. Traders may be asked to make a first deposit of no more than 3,000 USD depending on their countries of registration.
Where is Exness located?
Exness CY Limited, the headquarters of Exness, is located in Limassol, Cyprus.
Exness UK Limited, which deals with Exness’ B2B operations, is located in London, United Kingdom.
Exness also has an office registered in Eden Island, Seychelles under the entity Nymstar Limited.
Does Exness withdraw on weekends?
Withdrawals can be made 24 hours a day, 7 days a week at Exness.
Is scalping allowed at Exness?
Exness allows any trading strategy you prefer, including scalping.
Can you trade indices at Exness?
Yes, Exness offers more than ten indices for traders to choose from.
Does Exness accept Bitcoin?
Yes, Exness accepts Bitcoin as a method of deposit and withdrawal. To use Bitcoin as a payment method, traders are required to set up an Exness Bitcoin wallet, which can only be used for internal transfers, deposits and withdrawals.
What is Exness Social Trading?
Exness Social Trading is a service that enables investors to observe and copy the trades of more experienced traders (strategy providers).
Investors profit from strategy providers’ successful trades, while strategy providers receive commissions from investors who have copied their profitable trades.