Summary

Exness, a leading global forex and CFD broker, was established in 2008 with a mission to provide accessible, transparent, and innovative trading services. Headquartered in Limassol, Cyprus, Exness has expanded its geographical presence to serve clients in over 150 countries, with regulatory licenses from multiple respected authorities such as the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Financial Sector Conduct Authority (FSCA) in South Africa.

  • Regulated by top-tier authorities like FCA and CySEC
  • Wide range of tradable assets, including 90+ forex pairs
  • Competitive spreads and flexible account types
  • Advanced trading platforms (MT4, MT5, Exness Terminal)
  • Web-based and mobile trading options
  • 24/7 multilingual customer support
  • Comprehensive educational resources
  • Special promotions and loyalty programs
  • Fast and easy account opening process
  • Negative balance protection for all clients
  • Some entities regulated in offshore jurisdictions
  • Limited range of tradable stocks compared to other asset classes
  • High leverage may not suit all traders.
  • Potential restrictions for clients in certain countries
  • Inactivity fees may apply under specific circumstances.
  • Educational offerings not as extensive as some industry leaders
  • Overnight fees charged on some instruments
  • Minimum deposit required for professional accounts
  • Maximum leverage varies based on entity and jurisdiction.
  • No direct phone support on weekends

Overview

Throughout its 16-year history, Exness has garnered recognition for its commitment to excellence and client-centric approach. The broker has received numerous awards, including "Best Forex Broker Asia" at the Global Forex Awards 2022 and "Best Forex Trading Platform" at the World Economic Awards 2022. As of September 2023, Exness reported impressive trading volumes, processing over $4.5 trillion in monthly transactions and serving hundreds of thousands of active clients globally.

Exness offers a diverse range of tradable instruments, including 90+ forex pairs, 10+ cryptocurrencies, indices, commodities, and stocks, catering to the needs of both novice and experienced traders. The broker provides access to popular trading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its proprietary web-based Exness Terminal, along with a user-friendly mobile trading app.

Overview of Exness

For more detailed information about Exness's services, account types, trading conditions, and regulatory compliance, visit their official website at exness.com.

 

Exness Overview Table

Category Information
 Headquarters Limassol, Cyprus
 Established 2008
Regulated by FCA (UK), CySEC (Cyprus), FSCA (South Africa), and others
Minimum Deposit $0 for Standard Account, $200 for Professional Accounts
 Maximum Leverage Up to 1:2000 (depending on entity and account type)
Instruments Forex, cryptocurrencies, indices, commodities, stocks
Deposit/Withdrawal Bank Transfer, Credit/Debit Cards, E-wallets (Skrill, Neteller, etc.)
Trading Platforms MT4, MT5, Exness Terminal (web-based), Mobile App
 Customer Support 24/7 via live chat, email, and phone
Languages 17 languages supported

Exness Licenses and Regulatory

Exness operates under a robust regulatory framework, holding licenses from multiple respected authorities worldwide. The broker's commitment to regulatory compliance and industry standards is a testament to its dedication to providing a secure and trustworthy trading environment for its clients.

Exness' primary regulatory licenses include:

Regulatory Authority Location Reference/License Number
Financial Conduct Authority (FCA) United Kingdom 730729
Cyprus Securities and Exchange Commission (CySEC) Cyprus 178/12
Financial Sector Conduct Authority (FSCA) South Africa 51024
Financial Services Authority (FSA) Seychelles SD025
Financial Services Commission (FSC) Mauritius C113012295

The significance of multiple regulatory licenses cannot be overstated. By subjecting itself to the oversight of various regulatory bodies, Exness demonstrates its commitment to transparency, fair practices, and client protection. Each regulatory authority has its own set of stringent requirements and guidelines that the broker must adhere to, ensuring that clients' funds are segregated, proper risk management procedures are in place, and that the broker maintains sufficient capital to support its operations.

Exness Regulations documents

 

For example, the FCA and CySEC are considered top-tier regulators, known for their strict regulatory standards and oversight. Brokers licensed by these authorities must comply with a range of requirements, such as maintaining segregated client funds, providing negative balance protection, and implementing robust anti-money laundering (AML) and know-your-customer (KYC) procedures.

 

 

Trading Instruments

Exness Tradable Assets

Exness provides access to a wide array of financial instruments across multiple asset classes, enabling clients to build well-diversified trading portfolios and take advantage of various market opportunities.

Forex

Exness is primarily known for its extensive forex trading offerings, with over 90 currency pairs available for trading. The broker covers all major, minor, and exotic currency pairs, ensuring that traders have ample opportunities to capitalize on the global foreign exchange market. Some of the most popular currency pairs offered by Exness include EUR/USD, GBP/USD, USD/JPY, and USD/CHF, with competitive spreads starting from as low as 0.1 pips.

 

Cryptocurrencies

Recognizing the growing popularity of digital assets, Exness has embraced cryptocurrency trading, offering clients access to 10+ major and minor cryptocurrency pairs. Traders can speculate on the price movements of popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP) against fiat currencies like the US Dollar (USD) and the Euro (EUR). Exness offers crypto trading with competitive spreads and high leverage, making it an attractive option for traders looking to diversify their portfolios with digital assets.

Exness Cryptocurrency trading

Indices

Exness provides trading opportunities in 10+ global stock indices, allowing traders to gain exposure to the performance of entire stock markets. Some of the popular indices available for trading include the S&P 500, NASDAQ 100, FTSE 100, DAX 30, and Nikkei 225. By trading indices, investors can effectively diversify their portfolios and benefit from the overall market sentiment without having to pick individual stocks.

Exness Indices

Commodities

For traders interested in the commodities market, Exness offers a selection of 18 commodity instruments, including precious metals, energies, and agricultural products. Traders can speculate on the price movements of gold, silver, crude oil, natural gas, and more. Commodity trading with Exness allows investors to hedge against inflation, diversify their portfolios, and take advantage of price fluctuations in the global commodity markets.

Stocks

Exness also offers trading in 93 individual stocks from major global exchanges, providing traders with the opportunity to invest in some of the world's leading companies. The broker's stock offerings cover various sectors, including technology, healthcare, finance, and energy, with popular stocks such as Apple, Amazon, Facebook, and Google available for trading.

Asset Class Description Examples Number of Instruments Available
Forex Offers over 90 currency pairs, including major, minor, and exotic pairs. EUR/USD, GBP/USD, USD/JPY, USD/CHF 90+
Cryptocurrencies Provides access to major and minor cryptocurrency pairs with high leverage. Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP) vs. fiat currencies (USD, EUR) 10+
Indices Allows trading in global stock indices to diversify portfolios. S&P 500, NASDAQ 100, FTSE 100, DAX 30, Nikkei 225 10+
Commodities Includes precious metals, energy products, and agricultural instruments. Gold, Silver, Crude Oil, Natural Gas 18
Stocks Offers trading in individual stocks from major global exchanges. Apple, Amazon, Facebook, Google 93

Trading Platforms

Exness offers a range of trading platforms to cater to the diverse needs and preferences of its clients.

MetaTrader 4 (MT4) and MetaTrader 5 (MT5)

Exness supports the popular MetaTrader 4 and MetaTrader 5 platforms, which are widely used by traders worldwide. These platforms are known for their user-friendly interface, advanced charting capabilities, and extensive range of technical indicators. MT4 and MT5 also support automated trading through Expert Advisors (EAs), allowing traders to implement algorithmic strategies and backtest them on historical data.

Exness Terminal

In addition to the MetaTrader platforms, Exness offers its proprietary web-based trading platform called Exness Terminal. This platform provides a streamlined and intuitive trading experience with a clean and modern interface. Exness Terminal includes essential features such as real-time quotes, interactive charts, and one-click trading, making it easy for traders to analyze the markets and execute trades seamlessly.

Mobile Trading Apps

For traders who prefer to trade on the go, Exness offers mobile trading apps for both iOS and Android devices. The Exness Trader app provides a comprehensive trading experience, with features such as real-time quotes, advanced charting, and the ability to manage positions and orders directly from the app. The mobile app also includes a range of risk management tools and allows traders to stay connected to the markets 24/7.

 

Web-based Trading

Exness also offers web-based trading through its Exness Terminal platform, which can be accessed directly from a web browser without the need for any software installation. This provides traders with the flexibility to access their trading accounts from any device with an internet connection, making it convenient for those who prefer not to download additional software. Exness MT5 mobile application

The availability of multiple trading platforms demonstrates Exness' commitment to providing its clients with the tools they need to succeed in the markets. By offering both industry-standard platforms like MT4 and MT5, as well as its proprietary Exness Terminal, the broker caters to the needs of both experienced and novice traders.

 

Trading Platforms Comparison Table

Feature MT4 MT5 Exness Terminal Exness Trader App
Charting Tools
Technical Indicators
Automated Trading (EAs) - -
Web-based Access - - -
Mobile App - - -
One-click Trading
Real-time Quotes
Customizable Interface - -
Algorithmic Trading - -
Backtesting - -

Exness How to Open an Account: A Step-by-Step Guide

Opening an account with Exness is a straightforward and user-friendly process. The broker has streamlined the account registration procedure to ensure that clients can start trading as quickly and efficiently as possible. Here's a step-by-step guide on how to open an account with Exness:

Step 1: Visit the Exness website. Go to the official Exness website at exness.com and click on the "Sign Up" button located in the top right corner of the homepage.

Step 2: Fill out the registration form. Complete the registration form by providing your personal details, such as your name, email address, phone number, and country of residence. You will also need to create a secure password for your account.

Step 3: Verify your email address After submitting the registration form, you will receive an email from Exness containing a verification link. Click on the link to verify your email address and activate your account.

Step 4: Choose your account type. Exness offers several account types, including Standard, Standard Cent, Pro, Zero, and Raw Spread accounts. Select the account type that best suits your trading needs and experience level.

Step 5: Provide additional information Once your account is activated, you will need to provide additional information to complete your profile. This includes your full name, date of birth, address, and proof of identity and residence documents (such as a passport or utility bill).

Step 6: Fund your account To start trading, you will need to fund your account. Exness offers a variety of payment methods, including bank transfers, credit/debit cards, and e-wallets such as Skrill and Neteller. The minimum deposit amount varies depending on the account type, starting from as low as $1 for Standard Cent accounts.

Step 7: Download and install the trading platform. Exness supports multiple trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its proprietary Exness Terminal. Download and install the platform of your choice on your desktop or mobile device.

Step 8: Start trading Once your account is funded and the trading platform is set up, you can start trading on the Exness platform. Be sure to familiarize yourself with the platform's features and tools before placing your first trade.

It is essential to note that Exness is committed to adhering to international anti-money laundering (AML) and know-your-customer (KYC) regulations. As such, clients are required to provide accurate and up-to-date personal information and supporting documents to ensure compliance with these regulations.

Charts and Analysis

Exness provides a comprehensive suite of educational trading resources and tools to support its clients in enhancing their trading knowledge and skills. The broker recognizes the importance of continuous learning and development in the fast-paced world of online trading and has invested in creating a diverse range of resources to cater to the needs of both novice and experienced traders.

Resource Type Key Details
Charts & Technical Analysis Advanced charting on MT4, MT5, and Exness Terminal with interactive charts, customizable timeframes, and a wide selection of technical indicators for detailed price analysis.
Economic Calendar Comprehensive calendar displaying upcoming economic events (e.g., interest rate decisions, GDP releases, employment figures) to help traders adjust strategies based on market-moving events.
Webinars & Educational Videos Live and recorded webinars and videos covering a range of trading topics from basic concepts to advanced strategies, conducted by experienced traders and analysts; available on the website and YouTube channel.
Market News & Analysis Regular market news updates, reports, and expert opinions on various financial instruments and trends, supplemented by in-depth analysis from partners like Trading Central.
Educational Articles & Guides Extensive collection of articles and guides on trading topics including technical and fundamental analysis, risk management, and trading psychology, aimed at both beginners and advanced traders.
Exness Academy A dedicated learning platform offering structured courses and tutorials with interactive elements such as quizzes and assessments, enabling traders to learn at their own pace and track progress.

Exness Analytical tools

 

Exness Account Types

Exness provides five main account types, each with its own set of features and benefits, allowing traders to select the account that best aligns with their goals and requirements.

Standard Account

The standard account is designed for traders who prefer a straightforward trading experience without commissions. This account type offers competitive spreads starting from 0.3 pips and a minimum deposit of just $1. Traders can access a wide range of trading instruments, including forex, metals, cryptocurrencies, energies, stocks, and indices. The Standard account supports both instant and market execution, providing flexibility in order placement.

Standard Cent Account

 The Standard Cent account is ideal for novice traders or those looking to trade with smaller volumes. This account type allows traders to trade in smaller lot sizes, with a minimum lot size of 0.01 and a step of 0.01. The spreads on the Standard Cent account start from 0.3 pips, and there are no commission fees. Traders can access forex and metal instruments, making it a suitable choice for those focusing on these markets.

Pro Account

The Pro account is designed for experienced traders seeking tighter spreads and advanced trading features. This account type offers spreads starting from just 0.1 pips, providing more competitive trading conditions. Traders can access a wide range of trading instruments, including forex, metals, cryptocurrencies, energies, stocks, and indices. The Pro account supports both instant and market execution, and there are no commission fees.

Exness Professional account

Zero Account

 The Zero account is tailored for traders who prioritize tight spreads and fast execution. This account type offers zero spreads on most trading instruments for 95% of trading hours, providing cost-effective trading conditions. However, the Zero account charges a small commission per lot traded, starting from $0.03 per lot. Traders can access a wide range of instruments, including forex, metals, cryptocurrencies, energies, stocks, and indices.

Raw Spread Account

 The Raw Spread account is designed for professional traders and institutions seeking the most competitive trading conditions. This account type offers raw spreads from 0 pips, providing direct access to market liquidity. The Raw Spread account charges a commission per lot traded, which varies depending on the trading instrument. Traders can access a comprehensive range of instruments, including forex, metals, cryptocurrencies, energies, stocks, and indices.

 

 

Account Type Spreads Commission Minimum Deposit Instruments Available Key Features
Standard Account From 0.3 pips No commission $1 Forex, metals, cryptocurrencies, energies, stocks, indices Supports instant and market execution
Standard Cent Account From 0.3 pips No commission $1 Forex, metals Smaller lot sizes (min lot size: 0.01)
Pro Account From 0.1 pips No commission $1 Forex, metals, cryptocurrencies, energies, stocks, indices Tighter spreads, supports both executions
Zero Account 0 pips for 95% of hours From $0.03 per lot traded $1 Forex, metals, cryptocurrencies, energies, stocks, indices Tight spreads, fast execution
Raw Spread Account From 0 pips Varies by instrument $1 Forex, metals, cryptocurrencies, energies, stocks, indices Direct market liquidity, competitive spreads

Negative Balance Protection

Exness' Negative Balance Protection Policy: Exness offers negative balance protection to all its clients, regardless of their account type or jurisdiction. If a trader's account balance falls into negative territory due to trading losses, Exness will absorb the negative balance and reset the account balance to zero. This means that traders cannot lose more than the funds they have deposited in their Exness trading account. It is important to note that negative balance protection does not absolve traders from their responsibility to manage risk effectively. Traders should still employ proper risk management techniques, such as setting appropriate stop-loss orders and maintaining reasonable leverage levels, to minimize the likelihood of experiencing significant losses.

Terms and Conditions
 While Exness offers negative balance protection, traders should be aware of the following terms and conditions:
  1. Negative balance protection applies to trading losses only and does not cover any other debts or liabilities owed to Exness, such as account fees or charges.
  2. Exness reserves the right to investigate any negative balance incidents to ensure that they are not the result of abuse, manipulation, or deliberate exploitation of the negative balance protection policy.
  3. In cases where Exness determines that a negative balance was caused by a trader's abuse, manipulation, or violation of the broker's terms and conditions, Exness may not provide negative balance protection and may seek to recover the losses from the trader.

Exness Deposits and Withdrawals

Deposit Options
Exness accepts the following Deposit methods:
Method Features Processing Time Minimum Deposit Fees
Bank Wire Transfer Direct deposit from bank account; supports multiple currencies; suitable for larger amounts. Varies by bank No minimum specified No fees by Exness (bank fees may apply)
Credit/Debit Cards Instant funding via Visa/Mastercard; supports various currencies. Instant $1 No fees
E-wallets Fast, secure deposits via Skrill, Neteller, WebMoney. Instant $1 No fees
Cryptocurrencies Deposits in Bitcoin, Ethereum, Litecoin; secure and anonymous. Instant Varies by crypto No fees
Exness Deposit methods
Withdrawal Options
Exness accepts the followingWithdrawal methods:
Method Features Processing Time Fees
Bank Wire Transfer Withdraw funds directly to bank account; may take longer. Several business days No fees by Exness (bank fees may apply)
Credit/Debit Cards Withdraw to Visa/Mastercard. 1-3 business days No fees
E-wallets Fast withdrawals via Skrill, Neteller, WebMoney. Up to 24 hours No fees
Cryptocurrencies Withdrawals in Bitcoin, Ethereum, Litecoin. Up to 24 hours No fees
Verification Requirements
To ensure compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations, Exness requires traders to complete a verification process before processing withdrawals. This process typically involves submitting proof of identity, such as a passport or government-issued ID, and proof of residence, such as a utility bill or bank statement.
Unique Features
Exness offers several unique features that set it apart from competitors in terms of deposits and withdrawals:
  1. Multiple Base Currencies: Exness supports trading accounts in various base currencies, including USD, EUR, GBP, and more, allowing traders to deposit and withdraw funds in their preferred currency.
  2. Instant Deposits: Most deposit methods offered by Exness are processed instantly, allowing traders to fund their accounts and start trading immediately.
  3. No Fees: Exness does not charge any deposit or withdrawal fees, ensuring that traders can fund and withdraw from their accounts without incurring additional costs.

Support Service for Customer

In the fast-paced world of online trading, reliable customer support is crucial for a positive trading experience. Traders often require assistance with various aspects of their accounts, from platform-related queries to deposit and withdrawal processes. Exness recognizes the importance of providing excellent customer support and offers a range of channels through which traders can reach out for help. Exness Costumer Support

Support Channel Availability Features Response Time
Live Chat 24/7 Real-time support via the Exness website or Personal Area. Under 5 minutes
Email Support 24/7 For more detailed or complex inquiries; email: support@exness.com. Within 24 hours
Phone Support 24/5 (Monday-Friday) Multilingual phone lines available; region-specific numbers listed on the website. +357 25 030 959 Less than 5 minutes average wait time
Languages Supported Multiple languages Support available in 18+ languages, including English, Spanish, Chinese, Hindi, Arabic, etc. Based on channel used
Social Media Support Response times may vary General inquiries and updates via Facebook, Twitter, and Instagram. Varies; Exness strives for timely responses

Prohibited Countries

Exness is not allowed to provide its services to residents of the following regions:

  • Europe
  • United Kingdom
  • United States
  • Canada
  • Japan
  • Australia
  • Russian Federation
  • North Korea
  • Iran
  • Syria
  • Sudan
  • Cuba
  • Region of Crimea
  • Sevastopol
  • Afghanistan

 

  • It is essential for traders to understand that attempting to access or trade with Exness from a prohibited country may result in legal consequences and the termination of their trading account. Exness reserves the right to reject account applications or suspend existing accounts if the trader is found to be residing in a prohibited jurisdiction.

Special Offers for Customers

Exness offers several special promotions and loyalty programs designed to reward both new and existing clients. These offers provide traders with additional benefits and incentives, enhancing their overall trading experience. Currently, Exness has the following special offers available:

Promotion/Program Details Requirements
Loyalty Program Rewards traders based on trading activity and account balance, with three tiers: Preferred, Elite, Signature. Preferred Tier: $20,000 total deposits + $50M quarterly volume. Elite Tier: $50,000 total deposits + $100M quarterly volume. Signature Tier: $100,000 total deposits + $200M quarterly volume.
Benefits: Priority customer support, exclusive educational content, trading analytics, special promotions, lifestyle benefits (Elite & Signature tiers).
Trading Competitions Periodic competitions with cash prizes, gadgets, or exclusive experiences based on trading performance. No specific requirements; traders should monitor Exness announcements for terms and conditions.
VPS Hosting Free VPS hosting for stable, uninterrupted trading platform and EA operation. Minimum account balance of $5,000 and a monthly trading volume of at least 5 lots.

Conclusion

Throughout this comprehensive review of Exness, I have delved into various aspects of their operations, from regulatory compliance and geographical jurisdictions to customer support and special offers. By carefully examining each facet, I have gained valuable insights into their trustworthiness and dependability as a broker.

One of the standout features of Exness is their commitment to regulatory compliance. With licenses from multiple respected authorities, including the FCA in the UK and CySEC in Cyprus, Exness demonstrates a strong dedication to operating within the confines of the law and protecting their clients' interests. However, it's important to note that some of their entities are regulated in offshore jurisdictions, which may offer a different level of oversight compared to their UK and EU-based counterparts.

 

Exness' wide range of tradable assets is another compelling aspect of their offering. With an extensive selection of forex pairs, cryptocurrencies, metals, energies, indices, and stocks, traders have ample opportunities to diversify their portfolios and capitalize on various market conditions. The broker's competitive spreads and flexible account types cater to the needs of both novice and experienced traders, making Exness an attractive choice for a broad spectrum of investors.

In terms of trading platforms, Exness excels by offering the industry-standard MetaTrader 4 and 5 alongside their proprietary Exness Terminal. These platforms provide a user-friendly interface, advanced charting tools, and a robust set of features that enable traders to execute their strategies efficiently. The availability of a web-based terminal and mobile trading apps further enhances Exness' accessibility, allowing traders to stay connected to the markets on the go.

Exness Trading App

Customer support is another area where Exness shines. With 24/7 live chat, email, and phone support in multiple languages, traders can rely on prompt and reliable assistance whenever they need it. The company's comprehensive educational resources, including webinars, tutorials, and market analysis, empower traders to expand their knowledge and make informed trading decisions.

While Exness offers an impressive array of features and services, it's crucial for potential clients to carefully consider their individual trading needs and goals before choosing a broker. Exness' high-leverage options and variable spreads may not be suitable for all traders, particularly those with a low-risk tolerance or limited experience. Furthermore, while Exness' special offers and loyalty programs can provide additional benefits, traders should always prioritize sound risk management and a well-defined trading strategy over promotional incentives.

In conclusion, Exness emerges as a reputable and well-rounded broker that offers a compelling proposition for traders seeking a reliable and feature-rich platform. Their commitment to regulatory compliance, extensive range of tradable assets, and robust customer support make them a strong contender in the competitive online brokerage space. As with any financial decision, traders should conduct their own due diligence and carefully assess their individual requirements before committing to a broker. By weighing the insights provided in this review, I hope readers can make an informed choice and determine whether Exness aligns with their trading objectives and expectations.

Exness FAQs

Is Exness a regulated broker?

Yes, Exness is regulated by top-tier authorities like the FCA (UK) and CySEC (Cyprus), as well as other global regulators.

What trading platforms does Exness offer?

Exness offers MetaTrader 4, MetaTrader 5, and its proprietary Exness Terminal, available for desktop, web, and mobile.

How many forex pairs can I trade with Exness?

Exness offers over 90 forex pairs, including majors, minors, and exotics, providing a wide range of trading opportunities.

What account types does Exness provide?

Exness offers Standard, Standard Cent, Pro, Zero, and Raw Spread accounts, catering to different trading styles and preferences.

Does Exness offer negative balance protection?

Yes, Exness provides negative balance protection to all its clients, ensuring they cannot lose more than their account balance.