Company
Trading platforms
Licenses
Local offices
Withdrawal options
Deposit options
Assets available for trading
Withdrawal commission
Minimum deposit amount
Year Founded
Demo account supported
Islamic account
Exness Trade App, Exness Terminal, MT4, MT5 (Web, Mobile)
ASIC, CySEC, FSA, CBCS, FSC, FSCA, CMA
Forex, Indices, Stocks, Commodities, Crypto, CFDs
Yes
$200
2008
Yes
Yes
Introduction
Exness is a multi-asset brokerage firm serving the retail and institutional industry for over a decade. Headquartered in Cyprus, the company provides a seamless trading environment. The broker offers a wide range of products, including forex, stocks, indices, commodities, precious metals, and cryptocurrencies. Besides featuring a proprietary trading app, the company also brings the industry’s most renowned MetaTrader 4 and 5 trading platforms to clients’ disposal. Holding multiple regulations worldwide, the broker offers low fees, tight spreads, and a range of trading tools and educational resources to help clients trade effectively. Moreover, the company offers multilingual customer support around the clock.
Regulations & Business Reputation
Exness is a regulated broker and holds licenses from several financial regulators, including the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Commission (FSC) and a few more. These regulations ensure brokers provide their customers with a fair and transparent trading experience.
Exness has received mixed reviews on Trustpilot, with some clients rating the broker highly trusted while others marking their dissatisfaction. This is due to various reasons, such as differences in individual trading experiences, expectations, or issues with the broker’s services and customer support.
Account Types
Exness offers several types of trading accounts to meet the diverse needs of its clients. Some of the account types offered by Exness include;
- Classic Account: This is a standard account with low spreads starting at 0.3 pips on FX pairs and no commission fees.
- Raw Spread Account: The broker offers tight raw spreads in this account, making it ideal for traders who want to trade with the lowest possible costs.
- Zero Account: The ECN account comes with institutional-grade trading conditions, including zero spreads, making it suitable for high-volume and professional traders.
- Pro Account: This premium account type is for professional traders and institutional clients who require advanced trading tools and resources.
Each account type has different minimum deposit requirements and may offer explicit features, such as trading tools and educational resources. Clients are encouraged to consider their trading needs and priorities carefully before choosing an account type. You may also consider using a demo account to start with the company.
Product Portfolio
Exness offers its clients a wide range of products, including forex, indices, commodities, and precious metals. The company’s forex product portfolio includes over 120 currency pairs, including major, minor, and exotic pairs. While you can trade indices such as the NASDAQ 100, S&P 500, and the FTSE 100, the commodities head comprises Gold, Silver, Oil, Natural gas and other assets. Trading stocks such as Google, Amazon, Tesla, and Alibaba and speculating over the prices of 30+ cryptocurrencies, including Bitcoin, Litecoin, and Ethereum, is also an option when you trade with Exness.
Fee and Commissions
Exness charges clients a low commission fee for its forex and indices products. The commission fee is a small percentage of the client’s trade value and is deducted from their trading account. There are no additional fees charged by the company, such as deposit or withdrawal fees, account maintenance fees, or inactivity fees. Exness also offers its clients tight spreads on its products, which allows them to trade at competitive prices. The broker even doesn’t charge you for holding overnight positions.
Trading Platforms
Exness provides its clients with greater flexibility regarding trading platforms. While traders can access the most advanced MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, the broker also offers a customised trading solution featuring its proprietary trading app. All supported platforms are available via web, desktop and mobile channels and come loaded with advanced trading tools required for effective trading.
Trading Tools
Exness equips clients with a wide range of trading tools and features, including advanced charting tools, technical analysis tools, and market news and analysis. The company also provides its clients with rich educational resources, including trading guides, webinars, and video tutorials, to help them improve their trading skills. Moreover, risk management tools, including Stop Loss and Take Profit orders are also available, enabling clients to cater to risk exposure.
Deposit & Withdrawal
You have several convenient deposit and withdrawal options, including credit/debit cards, bank transfers, and e-wallets at Exness. The minimum deposit to open an account with the broker is $200. The company processes deposits and withdrawal requests promptly and ensures that clients’ funds are kept secure. Besides holding clients’ funds in segregated bank accounts, the broker employs advanced security measures to protect clients’ personal and financial information, such as SSL encryption and two-step authentication.
Pros and Cons
Here are some of the pros and cons of using Exness:
Pros
- Multi-Regulated Brokerage Firm
- Offers Proprietary Trading Platform
- Low Spreads & Commissions
- Swap-free Accounts
- 24/7 Customer Services
Cons
Company Evaluation Summary
Exness is a regulated broker offering a wide range of trading products. The company provides access to multiple trading platforms and offers its clients low fees, tight spreads, trading tools, and educational resources. The broker holds a generally positive reputation in the industry, but it’s essential to remember that individual experiences can vary. Before deciding to trade, clients should conduct thorough research and evaluate the services, reputation, and regulations of the broker themselves.
Do We Recommend Trading With Exness?
Since signing up with a broker should be based on factors like your financial objectives, risk tolerance level, the broker’s regulations, services, and reputation, we generally refrain from recommending any broker. However, we provide in-depth reviews of different platforms to help you decide whether a broker like Exness worth your investment.
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