Exness Review

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Exness Broker Review
GENERAL INFORMATION
Broker NameExness
Broker TypeForex
CountryCyprus and Venezuela
Operating Since2008
RegulationCySEC 178/12 -Cyprus security and Exchange Commision
Address
Broker StatusRegulated
CS Phone800 906 068
CS EmailN/A
LanguagesEnglish, Russian, Chinese, Hindi, Farsi, Urdu, Vietnamese, Indonesian, Arabic, Thai,Bengali,Malay and Tamil
AvailabilityMon-Sunday,24 hours
Trading PlatformsMetaTrader4, MetaTrader5, Mobile Platform,MetaTrader 4 Web Terminal
WEB TERMINAL
Trading Platform TimezoneGMT+0
Demo AccountYes
Mobile TradingYes
Web based tradingYes
BonusesN/A
Other Trading InstrumentBitcoin
ACCOUNTS
Minimum Deposit$1 for MINI account
$200 for Classic account
Maximal Leverage1 is to 200
Spread Variable N/A
Scalping Allowed N/A

Exness Review:

  1. BROKER REGULATION
  2. NOTABLE FEATURE/S: TRADING CONDITIONS
  3. EXNESS COMMISSIONS AND FEES
  4. WITHDRAWAL METHODS AND DEPOSIT OPTIONS
  5. PRIVACY AND SECURITY
  6. CLIENT FUNDS
  7. ACCOUNT TYPES
  8. EXNESS REVIEW: TRADING PLATFORM
  9. TRADING EXPERIENCE AND RESEARCH
  10. CUSTOMER SUPPORT
  11. EXNESS REVIEW: What do we think?
Comments Rating 1.8 (127 reviews)

Exness Logo

If you’re looking for high-quality service from a broker, Exness can surely deliver just that. This broker’s quality is proven not only by personal experiences and opinions of traders, but also by the ratings from well-known online publications, rating agencies, and financial journals.

Exness was first introduced to the public in 2008, and it has since come a long way. Now equipped with a deep understanding of traders’ needs, this international broker offers reliable brokerage services using the latest trading and investment technologies.

This broker also sports a lot of decorations to its name. It received the “Best Forex Broker” award in the Middle East, Russia, and Asia in 2012. By 2014, Exness clients’ monthly trading volume grew over $180 billion, and more than 15,000 accounts entered the system each month.

BROKER REGULATION

Exness (CY) Ltd. and Exness (UK) Ltd. are regulated companies and adhere to all existing rules provided by European Union Regulator. Exness (Cy) Ltd. is licensed by Commissione Nazionale per le Società e la Borsa, the Comisión Nacional del Mercado de Valores.

Exness (UK) Ltd. is regulated by the Financial Conduct Authority.

NOTABLE FEATURE/S: TRADING CONDITIONS

Exness is not just another broker to pass upon. In fact, if you do that, you’re definitely going to regret it. It offers a great trading platform, superb account and tools selection, and, most of all, excellent trading conditions.

Even if you’re a new trader, you can enjoy professional trading conditions. For one, Exness offers very tight spreads. As we all know, faster is better when it comes to spreads.

Another good thing about this broker is that it offers unlimited leverage. You’ll have a hard time finding another broker that offers leverage with no cap. Of course, this level of leverage is also very risky, but Exness will always remind you of that.

You can also trade using a mini account for just $1. After that, you can enjoy order executions as fast as 0.01 seconds. That’s instant execution for instant profits.

EXNESS Notable Feature/s: Trading Conditions

EXNESS COMMISSIONS AND FEES

The broker offers two account types – the mini account and the classic account, where commissions and fees vary. The Classic MT4 account requires a minimum deposit of USD 2000; the spreads are slightly lower than in the Mini account.

Excess lists an average spread of 0.9 pips for the Classic account.

WITHDRAWAL METHODS AND DEPOSIT OPTIONS

The broker offers a variety of deposits and withdrawal methods, which include bank wires, cards, and e-wallet options. The company made sure to make money transaction methods available.

Credit and debit cards:

Visa and Mastercard can be used with Exness. Deposits are usually processed instantly, and withdrawals typically take 3-5 working days.

Bank wire comes with a processing time of 3-5 days.

E-wallet methods such as Neteller, Skrill, Perfect Money, and WebMoney are available. Transactions are usually processed instantly for these methods.

Bitcoin can also be used to deposit or withdraw funds with Exness Ltd only.

A variety of local payment methods specific to China, Thailand, Vietnam, and other countries can also be used for Exness Ltd.

The broker offers its clients to store their account capital in any of the 80 different fiat currencies.

Exness Deposits & Withdrawal

PRIVACY AND SECURITY

Exness uses sophisticated algorithms and tools to provide the security of accounts and transactions using a number of means.

For the sake of login protection Exness implemented a two-factor authentication process, so-called – 2FA. This means that traders can have an extra security step to protect their account, through their phones or e-mails.

The broker has also developed a system that keeps trading accounts safe by identifying account owners using specific policies.

CLIENT FUNDS

Exness keeps up customers’ funds in isolated records. This implies that traders’ funds are isolated from Exness’s working assets. Users’ data is protected using a cyber-security protocol that encrypts all personal data that is transmitted to the Exness database.

Exness Client Funds

ACCOUNT TYPES

Exness account type offerings depending on the trading platform selected as well as the entity to which a client applies. For example, the MetaTrader5 account types are only available with Exness (Ltd). Thus, if traders want to use MT5, they can open Classic or Mini accounts.

The Classic account attracts a USD 2000 account deposit minimum, and leverage allowed can get to a maximum of 1:2000. Spreads are quite low – 0.1 pips.

The Mini account, a minimum deposit of USD 1, is set, with a maximum leverage of 1:2,000, and spreads as low as 0.3 pips.

EXNESS REVIEW: TRADING PLATFORM

The broker offers its traders the ability to trade with MetaTrader 4 and 5 platforms for Windows and Mac. The MetaTrader4 trading platform will enable traders to make immediate market orders. It offers short execution times – 30 inbuilt indicators, real-time prices, and auto trading via MQL4. However, if one chooses the upgraded version of MT4, in that case, MetaTrader5 will provide its clients with 38 inbuilt indicators and 22 analytical tools. Trades will have access to fundamental analysis via an inbuilt economic calendar and news events. Through the MT5 platform, traders will be able to develop an automated system via MQL5 and view up to 21 different timeframes.

Exness customers can also trade on the Exness Web Terminal, which offers quick, simple trading functionality but with limited features.

The broker also offers a mobile app that can be downloaded directly from the broker’s website, the Google play store, My.Exness Personal Area, or Apple AppStore.

Multi-Asset Trading

TRADING EXPERIENCE AND RESEARCH

Overall, Exness’ MT4 (in all Exness entities) and MT5 (on Exness Ltd just) stages give a decent exchanging experience to brokers at all levels.

Exness MT4 and MT5 allow effortless utilization and outwardly engaging interfaces. Brokers can get into the essential elements of exchanging at the simple click of a mouse button.

Exness offers research mainly in the form of third-party content, including features from Dow Jones News inside the trading platforms, and other exciting news from Trading Central, including Trading Central WebTV, which has day by day video content.

Exness Review: Education

Unfortunately, Exness does not have an excellent trader educational suite. Thus, it cannot offer much. There isn’t a lot of material for beginner level traders to use in their training, and this is the one area where Exness needs a lot of work and improvement.

CUSTOMER SUPPORT

Help Center

Exness provides multilingual support to customers. It features customer support agents who provide support in 15 languages: English, Russian, Farsi, Arabic Chinese, Hindi, Indonesian, Vietnamese, Thai, Bengali, Urdu, Malay, and Tamil.

Traders can contact via:

EXNESS REVIEW: What do we think?

There’s a lot to say about Exness. Among the best qualities of this broker is its dedication to professionalism. It offers the best trading conditions, and we think it will always be superb in that department.

Exness provides its customers with quite a decent amount of trading tools and account options. However, it lacks the range of CFDs that forex brokers typically offer.

To cut to the chase, this broker makes for an excellent trading partner. This is what you need if you want to trade flawlessly in the market and make more progress with your returns. Overall, the superb trading conditions and great customer support are what make Exness a great choice.

Also, we hope this Exness review was helpful, and we wish you good luck trading!

Exness
  • Support
    (4.5)
  • Platform
    (5)
  • Spreads
    (5)
  • Trading instruments
    (4.5)
Overall
4.8

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127 Comments

  1. Avatar Brigitte Dresdner September 23, 2020
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