Exness is a reputable online forex broker. The company was founded in 2008 and has gained strength in the market since then. It now has nearly 60,000 active client accounts all over the world. Traders & investors are attracted towards Exness not only because of its financial regulation and supervised by the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC), but also because Exness offers a wide range of trading features.
We are talking here about multiple types of trading accounts, various investment tools that suit your different goals and strategies. Exness not only stopped there but also surpassed the horizon to gain more shares in the industry and attract many traders by sponsoring one of the world’s greatest clubs, Real Madrid FC as well as WWF Russia.
Once you join and open an account with Exness, you will find a simple, easy, and above all safe trading environment. Exness provides technical support in 13 languages, and it always provides a suitable trading environment, and here we mean “spread”, and for sure it supports ECN.
- The UK Financial Conduct Authority (FCA).
- The Cyprus Securities and Exchange Commission (CySEC).
- The Seychelles Financial Services Authority (FSA).
- The Financial Sector Conduct Authority (FSCA) in South Africa.
Exness Pros & Cons
Similar to all Forex Brokers, choosing Exness as your preferred Forex Broker comes with some advantages and Disadvantages. In this Exness Review, we analyzed all of the Broker’s features, reviews and data and we can safely conclude on the following Exness Pros & Cons:
- A great variety of currency pairs. Currently, Exness allows you to trade over 107 currency pairs.
- Exness is a broker that offers some of the lowest commissions when compared to other investment firms.
- Exness offers Zero Spread Accounts. With a minimum deposit of $200 and maximum leverage up to 1:2000, the Exness Zero Spread account is one of the best 0 spread accounts in the Forex Market
- Exness offers 7 different account types in order to fit the needs of all types of traders
- Exness Accepts deposit in 60 base currencies
- It is rated in the top 3 Forex brokers of 2019, 2020 and aims to do the same for 2021
- Instant Deposits
- 24/7 Customer Support
- Huge Leverage (Up to 1:2000)
- Welcome Bonuses
- In some case Withdrawal Fees are applicable
- European, US and Canadian traders are not accepted
Exness has been active since 2008. It is loved and often the choice of many seasoned traders. Given the fact that Exness is regulated by many highly authoritative bodies, holds many awards and gets excellent reviews online, it should be considered that Exness has a great reputation across Forex Traders.
Furthermore, Exness lists their financial reports, which are verified by Delloite on their website. These are not official audits but can help traders understand how reputable and legit Exness is.
Due to the fact that Exness quickly became one of the best forex brokers in the world, there is an ongoing negative press attack going on against them. This is very frequent in the Forex Industry but just getting to speak with their customer support and even some of their traders will help you rest assured that you are dealing with a legit investment broker.
The broken operates in most countries of the world. However, Exness is mostly recognized as a reliable forex broker in:
- South Africa
Given the facts above, if you are interested in trading with Exness, you should be more than happy for choosing them! If you are still not sure about this, you should continue reading our Exness Review and find out for real if Exness is the best forex broker for your needs.
Opening Exness Trading Account
Before you open an account with Exness, you need to carefully check out the Account Information and choose one of the following Exness Account Types:
- Standard Account.
- Cent Account.
- Raw Spread Account.
- Zero Account.
- Pro Account.
- ECN Account.
- Islamic Account Available.
Once you choose the Exness Account type that fits your needs, Registration is really straightforward.
With Exness it is very easy when it comes to opening a trading account. In just a few minutes, you can finish entering your personal data and the account is verified to start trading directly. The form is available in multiple languages as Exness is an international broker.
Here we come to the steps to open a real account with Exness – with pictures
Step 1 – The first step is to click the new account (From Exness Homepage)
Step 2 – After clicking the “New Account” on Exness’ website, you should get a box where you can use to fill in your country/Region of residence, Email Address, and choose a password. Furthermore, you will be required to declare and confirm that you are not a citizen or resident of the US. Kindly note that when you are entering your Password, you will only need to use Letters and numbers. Other symbols may cause issues.
Step 3 – After successfully finishing the previous step, you get redirected to my.exness.com dashboard and you automatically get access to the Demo Trading accounts. You can use the “Open New Account button to create a new Exness account by choosing the account type of your preference, or, you can proceed in the verification of your details in order to become a Real Trader.
In order to become a “Real Trader” with Exness you will need to fill in the following:
- Basic data ” Full name – country – email – phone number – address – date of birth.
- Choose an account type and trading platform.
- Determine the base currencies.
- Leverage size.
- Some questions regarding your level of trading experience.
- Verify your identity.
Step 4 – After you finish Becoming a Real Trader, you will need to Deposit some money using one of the available payment methods in your region and then get started with trading. This leads us to the next part of our Exness Review, Exness Deposit & Withdrawal
Exness Deposit & Withdrawal
Depositing with Exness is quite easy. They offer a large selection of payment methods that one can use based on the country, region and special needs.
Exness offers some of the best Deposit & Withdrawal systems:
- Fast Deposits
- Ultra-Low deposits ($1 in most countries)
- Variety of Account Base Currencies
- In most cases $0 withdrawal fee
Kindly note that Deposit fees may be applicable based on your region.
Exness allows deposits with the following methods:
- USDT or Tether
- Bank Card
- Perfect Money
- Internal Transfer
Exness is distinguished from other online trading brokers by the speed of deposits and withdrawals for clients’ accounts. This makes it very easy to trade & transfer funds between accounts. This also applies to the internal transfer process between your trading accounts and each other. You are in control 24/7.
Withdrawals are in most cases free of charge. Nevertheless, it should be noted that you should always verify this with the Customer Support team of the broker that you are dealing with as this information changes quite often.
Similarly to all forex brokers, withdrawals may also take some time to process and for it to reflect in the trader’s bank account.
According to our experience, some common execution and arrival times for withdrawals are:
- AstroPay Card – Instant Withdrawal
- Perfect Money – Instant Withdrawal
- Neteller – Instant Withdrawal
- WebMoney – Instant Withdrawal
- Skrill – Instant Withdrawal
- Internal Transfer – Instant Withdrawal
- Bitcoin – May take up to 4 hours
- USDT – May take up to 4 hours
- Tether – – May take up to 4 hours
- Wire/Bank Transfer – Could take up to 5 days but usually way faster
- Bank Card – Could take up to 5 days but usually way faster
It’s in your best interest to verify the Exness Withdrawal process directly with the broker in order to help you make your mind on which withdrawal method you should use.
Exness offers some of the most competitive fees in the forex market. Based on the account type that you choose, the broker will charge you different fees and spreads.
Almost, all of the traders dealing with Exness, find the fees charged for the Pro account to be the most favorable ones. The typical spread commission for the Exness Pro account are 0.6 PIP for the EUR/USD pair.
As a market maker broker, Exness profits directly for clients’ losing trades.
Let’s take a look at Exness and its fees and commissions. What is the minimum deposit? Exness is one of the best online brokers in terms of flexibility at this point. The company’s trading accounts vary from a deposit of only $1 to the mini accounts with a spread starting from 0.3.
There are classic trading accounts with a minimum of $2000, no commissions, and spreads starting from 0.1. The company also supports ECN accounts that are characterized by faster execution capacity and better liquidity. Certainly, this type of account comes with lower spreads and commissions of $50 per million dollars of the trading volume.
Spread with Exness
A spread is the difference between the buy and sell price of a financial instrument. Similar to other brokers, in order to operate, Exness charges this difference as their own profit.
However, Exness is characterized by very low spreads, with spread starting from 0 pips and ranging on average between 0.1 and 1.3 for classic or mini accounts. It also supports ECN accounts that come with lower spreads than this, but in return, there are fees based on trading volume.
If you want to have a look at the exact spread of a specific Financial instrument asset, you will need to follow these steps in your account:
- Step 1 – Log in to MT4 or MT5
- Step 2 – Locate the Market Watch window.
- Step 3 – Right-click anywhere in this window, and select spread from the list.
- Step 4 – You will be able to see each instrument’s exact spread amount in a new column.
Leverage with Exness
The limits of the leverage offered by Exness vary depending on your presence in any country. For clients from Europe, the maximum leverage offered by the company is 1:30. This is due to the restrictions imposed by ESMA. Certainly, it is possible to choose a smaller level of leverage to preserve capital. If you are in another country, the leverage may reach an unlimited percentage.
Thus, as a trader with Exness, you can benefit from margin trading to achieve higher profits and seize greater market opportunities.
- 1:30 for major currencies
- 1:20 for minor ones
- 1:10 for commodities
The leverage size varies depending on the Country that you are based in. In most cases, the leverage is 1:2000 on MT5 and Unlimited on MT4. In order to find out the exact leverage ratio for your situation, you will may need to contact the customer support team at Exness that can guide you towards the leverage in your region.
Exness User Experience
Exness offers both MT4 and MT5 for their clients to choose from. Depending on your trading style, you will need to choose a Trading Platform while signing up for your trading account. Kindly note that different account types have different platforms, therefore, you should choose an account type that offers the trading platform that you would prefer to use.
If you are a MetaTrader4 user in executing trades. Exness offers you a similar trading environment with MetaTrader4. All you have to do is register a new account, and the process of verifying your data is fast with the company’s distinguished support team.
The deposits are also very easy with the Exness data processing system. Then link your trading account to the MetaTrader4 and MetaTrader5 platforms as well. As we mentioned previously, Exness is distinguished from other online trading brokers by the speed of transfer operations, whether external or internal, between trading accounts and each other. So, you are in control around the clock to achieve a flexible trading environment.
It should also be mentioned here that Exness recently launched its own platform that enjoys flexibility, ease, and simplicity in executing orders. We recommend this platform if you are a beginner in the field of trading and want to learn it through an easy and simple interface to execute trades without delving into MetaTrader4.
But if you were a MetaTrader4 trader, the matter for you will be very easy. You can also try this new platform and compare it with MetaTrader4 to choose the most suitable for executing your trades and the most flexible in analyzing the market and implementing your trading strategies.
Exness is a broker for
If you are an investor who cares about the broker’s reputation and the extent to which it is subject to accurate financial regulation and control that does not accept errors and is known for its strict application of laws related to financial transactions and cases of compensation for clients in the event of the company’s bankruptcy, etc.
From the strict laws that high-level financial bodies such as FCA are keen to implement. In addition to the financial companies that Exness cooperates with and the extent of its presence in the market. Exness is among those brokers you are looking for. It is also the official sponsor of Real Madrid, which is one of the oldest clubs in the world. In addition to its commercial record, which has not been exposed to any problems or legal paranormal until the moment.
It is also worth noting the diversity of trading accounts with the company, which start from a deposit of $ 1 only through the mini accounts offered by the company with a minimum lot size starting from 0.0001, and the accounts vary between mini, classic, and ECN accounts. You can learn about each trading account and compare the fees and spreads for each one of them and choose the most suitable for you to start trading with Exness.
Security with Exness
Exness is an online trading broker that is regulated and supervised by the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC), as they are two of the highest class financial institutions.
Besides, its subsidiary, Nymstar Limited, is subject to financial regulation and supervision by the Seychelles Financial Services Authority (FCA). Therefore, the company accepts clients from all over the world. Speaking of safety and is Exness safe to trade or not? The company announced that its clients’ accounts and funds are completely separate from the funds of its subsidiaries.
The company also has the advantage of negative balance protection to preserve the clients’ capital, according to which trading stops automatically when the account reaches zero, which means that there is no negative balance that the client must pay in the event of unsuccessful trades.
Exness regularly displays its data on its website, and the company is in cooperation with Deloitte, one of the 4 largest companies in the field of accounting. As the company specializes in reviewing and verifying all financing and accounts operations in addition to the bonus system and ensuring the accuracy of all these transactions to provide transparency factor and maintain the company’s reputation through accurate financial statements that are constantly displayed on the company’s website.
Exness provides customer support in multiple languages. You can know the technical support available for each language separately through their website. You can communicate with customer service in multiple ways, either through live chat, e-mail, or phone communication.
The technical support service has also launched a page for frequently asked questions and answers, which can help customers find answers to their inquiries without the need to communicate directly with the technical support service to achieve the speed factor.
Exness is a multi-awarded investment company. Some of the most important awards that Exness holds are:
- Best MT4 Forex Broker 2016
- Best Educational Broker 2015
- Forex Broker with the Best Trading Conditions 2014
- Best Mini Broker 2013
- Best Order Management 2013
Exness Review – Final Thoughts
A final overview of Exness is an online broker. The broker comes with more than 12 years of experience in the world of financial market trading. They are subject to financial regulation and oversight by high-level regulatory bodies.
The company combines a combination of Fintech and Seychelles retail operations, in addition to accepting clients from all over the world. Exness offers flexible solutions when it comes to opening new trading accounts with the company, with a minimum deposit of $ 1. The company also offers very flexible leverage depending on your country, for sure.
For European clients, the maximum limit is 1:30, and if you are outside the borders of the European Union, Asia for example, the leverage is unlimited. Trading accounts provided by the company vary in their features, spread rates, and commission, as we mentioned the full details of that above.
The company offers a flexible trading environment and recently launched its own platform to make trading easy and simple, especially for beginners in the trading world. You can go through the experiment yourself and see if it is suitable for you or MetaTrader is the most suitable for executing your trades and following the market.
As a forex trader, you have access to over 100 of the popular currency pairs in the market. It should be noted here that the company is characterized by an educational encyclopedia and competitive research in the market in addition to the VPS service that supports the automated trading solutions that the company is distinguished in. Thus Exness combines a combination of distinctive services as a broker and as a technology company.
Therefore, Exness represents a distinctive and safe trading environment for investors. You can choose the right trading platform for you from their own, MT4 or MT5.