Exness is a brand owned by "Nymstar Limited". It's registered in the Republic of Seychelles and licensed to act as the foreign exchange market broker, issued by the Financial Services Authority of Seychelles.
The Exness company's geography covers all countries of the world without any restrictions. At the same time, it has only one official office representation. As this present Exness review finds, the company's headquarter is located in Limassol.
What is Exness? What Do We Know About Exness Broker Company?
Exness is a retail forex dealing center that offers the tightest spreads and the flexible leverage when trading the CFDs (forex, crypto assets, metals, etc.). The broker provides its services using a convenient and intuitive Internet portal. The company is an offshore resident and is under the control of the financial regulator CySEC.
It conducts its activities through official representations that are located around the world. It is also worth noting that the total trading turnover of the Exness broker in 2020 reached the $62,293,815 rate.
Countries Restricted
Due to the current legislation, Exness broker company functions globally with the exception of several countries and regions. These restricted areas include:
- Vatican City
- Russia
- Israel
- US
- Malaysia
- Puerto Rico
- US, and
- Several island nations.
No residents located in these countries are allowed to either sign up with the Exness global website or participate in trading via the company in any manner.
Company's Short History and Background
Brokerage company Exness was founded back in 2008. It's registered on the islands of Saint Vincent and the Grenadines. Perhaps, every trader living in Asia, Europe, or the CIS countries knows about this organization.
Is Exness Trusted and Reliable?
One of the indisputable facts that Exness is trusted and reliable is that its services are known to comply with the ISO standard 9001:2008 requirements in the field of "Organizing forex trading".
Nonetheless, there are some more reasons to trust this very broker. Scroll down slowly not to lose any significant details!
How Is Exness Regulated?
Literally, every Exness review on the web would state the same that Exness is a trusted and reliable brokerage company. Why so? Just check the list of its regulators out below.
To perform the safest and win-win services, Exness is regulated by a range of organizations comprised of the following items:
- Cyprus Securities and Exchange Commission (CySEC)
- Financial Conduct Authority (FCA)
- Financial Sector Conduct Authority (FSCA)
- Central Bank of Curaçao and Sint Maarten (CBCS)
- Financial Services Authority (FSA)
- Financial Services Commission (FSC)—British Virgin Islands.
Besides, to prove its fairness, the company undergoes the check-up by Deloitte's independent auditors in the forex market.
Thus, it's possible to assume that CFDs trading with Exness is extra safe, as it's protected by the numerous agents listed above.
Exness Group Awards
Since Exness Group is among the reliable CFDs brokers, one more reason to trust the company is the awards it currently possesses.
No doubts, there are just a couple of companies that have the same authority in the forex industry.
Grab these awards' list, and you'll see that Exness is a real leader of the market:
- Best Forex Broker 2011 according to the International Business Times
- Best Standard Forex Broker Asia 2012 by Global Banking & Finance Review
- Best Mini Broker 2013 by World Finance Media magazine
- Best Trading Conditions at the 2014 Forex Expo Awards
- Best MT4 Forex Forex Broker category during 2016 AtoZ Forex Awards
- Best Global Forex Customer Service at The Global Forex Awards 2019
- Best Global Forex Trading Experience at The Global Forex Awards 2019
- Most Trusted Global Forex Broker at The Global Forex Awards 2019
- The Best broker of the year at Traders Union Awards 2019.
Because of these awards, it's pretty easy to analyze the main strengths of the company. Scroll down a bit to see all the benefits' list!
Exness Company's Strengths and Weaknesses
Only after a complete study of the brokerage platform, one can single out its positive and negative aspects. Now, it's necessary to touch upon the strengths and weaknesses the Exness possesses. Be advised to see the table below.
Exness Strengths | Exness Weakness |
---|---|
Current regulator CySEC | High commission ($ 25 per lot) |
A demo account feature available | No bonuses, promotions and other discount programs |
The ability to open ECN accounts | A small number of ways to withdraw funds |
Reliable investment protection | |
High speed of order execution | |
Prompt execution of financial transactions | |
Provision of a free VPS server | |
Multilingual technical support | |
Tight spreads | |
Complex and lengthy verification procedure |
Market Instruments & Products
Among the useful market instruments for working on the site are:
- Trader's Exness calculator, which allows you to calculate the parameters of the transaction
- An economic calendar that displays the dates of important economic events that can have an impact on the stock exchange
- Currency converter using current rates
- VPS hosting providing high order execution speed
- Tick history, which allows you to view changes in the price ratio of exchange-traded assets in different periods of time. The section is published in English only.
- Trading Central Web TV: Video news from the New York Stock Exchange. The news is presented in English, Arabic, and Simplified Chinese.
Exness Accounts Types
One of the reasons why Exness is to be considered professional is that the company unlocks two major types of trading accounts that are divided into subcategories:
- Standard accounts
- Professional accounts.
Let's take a glance at the difference between these account types to be sure that you're on the right path!
Standard Accounts
There are two Standard Accounts types — Standard and Standard Cent. These two options are the most suitable for all traders, the newbies included. Take a look at these accounts' characteristics to get all benefits of trading with Exness broker
Standard | Standard Cent | |
---|---|---|
Minimum deposit | Payment system-based | Payment system-based |
Leverage | 1:Unlimited | 1:Unlimited (MT4 only) |
Margin call | 60% | 60% |
Stop out | 0% | 0% |
Commission | None | None |
Exness Spread | From 0.3 pips | From 0.3 pips |
Maximum number of pending orders | 100 | 50 |
Accounts’ maximum number per PA | Real MT4: 100 Real MT5: 100 Demo MT4: 100 Demo MT5: 100 |
Real MT4: 10 |
Minimum and Maximum position volume | Min: 0.01 lots (1K) Max: 07:00 – 20:59 (GMT+0) = 200 lots 21:00 – 6:59 (GMT+0) = 20 lots |
Min: 0.01 cent lots (1K cents) Max: 200 cent lots |
(Financial instruments traded determine the limits) | ||
Order execution | Market Execution | Market Execution |
Professional Accounts
Exness’ professional accounts are created for advanced traders. Be advised to run one of the accounts below in case you have 1+ year of trading experience:
- Pro
- Zero
- Raw Spread.
Have a look at the table below to see all of the differences between these three account types.
Pro | Zero | Raw Spread | |
---|---|---|---|
Minimum initial deposit | Starts at $200 (depending on a trader’s country of residence) | Starts at $200 (depending on a trader’s country of residence) | Starts at $200 (depending on a trader’s country of residence) |
Leverage | 1:Unlimited | 1:Unlimited | 1:Unlimited |
Commission | None | From $3.5 per lot in one direction. Based on the trading instrument | From $3.5 per lot in one direction. Based on the trading instrument |
Exness Broker Spread | From 0.1 pips | From 0.0 pips | From 0.0 pips |
Maximum number of pending orders | No limit | No limit | No limit |
Margin call | 30% | 30% | 30% |
Stop out | 0% | 0% | 0% |
Maximum account number per PA | Real MT4: 100 Real MT5: 100 Demo MT4: 100 Demo MT5: 100 |
Real MT4: 100 Real MT5: 100 Demo MT4: 100 Demo MT5: 100 |
Real MT4: 100 Real MT5: 100 Demo MT4: 100 Demo MT5: 100 |
Minimum and Maximum volume of position | Min: 0.01 lots (1K) Max: 07:00 – 20:59 (GMT+0) = 200 lots 21:00 – 6:59 (GMT+0) = 20 lots (Instruments traded determine the limits) |
Min: 0.01 lots (1K) Max: 07:00 – 20:59 (GMT+0) = 200 lots 21:00 – 6:59 (GMT+0) = 20 lots (Instruments traded determine the limits) |
Min: 0.01 lots (1K) Max: 07:00 – 20:59 (GMT+0) = 200 lots 21:00 – 6:59 (GMT+0) = 20 lots (Instruments traded determine the limits) |
Order execution | Instant: Forex, Metals, Indices, Energies, Stocks Market: Cryptocurrency |
Market Execution | Market Execution |
How Can I Register an Account? How to Choose the Exness Right Account?
Cooperating with the Exness company starts off with creating a personal account and opening a trading account. To do this, the user is supposed to:
- At the top of the main page, select/tap on the "New Account" button, or Exness login if you already have an account.
- Fill in the fields by entering personal data: phone number, E-mail, and a password.
- Verify your data by receiving activation codes by email and phone.
- Enter unique codes in the appropriate fields and click/tap on the "Confirm" button.
- Fill in the "General Information" tab, indicating your full name and date of birth.
- Go to the "Security settings" item and select the type of protection of personal data.
- In the last section, "Personal data", you must enter your passport number, country and city of residence, registration address, and postal code.
Only after successfully verifying the client's data—a new trader—can open a trading account and top up its balance.
To choose a proper trading account, it is essential to understand the needs one has. In any case, the Exness sign-up is pretty easy so that all traders would get an instant registration.
Performance Fees & Spreads
Depending on the account type a trader ran at Exness, the possible fees may vary. Check the table below for more details.
Exness Account Type | Fee Applied |
---|---|
Standard | No fees |
Pro | |
Raw Spread | Up to $3.5 |
Zero Account | Starting at $3.5 |
Besides, when trading, you’ll encounter the following types of fees, namely:
- Rollover fee
- Overnight fee
- Instrument-based fee
- Spread fee: 0.01.
But unlike any other broker in this field, Exness doesn’t impose any fees in the following cases:
- Deposit fee
- Withdrawal fee
- Inactivity fee
- Account opening.
So, these aspects are fee-free, so any trader should be worried about any unexpected expenses.
Exness Broker Leverage
In compliance with the current terms and conditions developed by Exness, the leverage rate varies in accordance with the equity.
For instance, if your equity is
- From $0 to $999, the leverage is 1:Unlimited
- From $0 to $4 999, the leverage is 1:2000
- From $5 000 to 29 999, the leverage gets 1:1000
- From $30 000 and more, the leverage is 1:5000.
Deposit and Withdrawal—One of the Strengths of Exness Global
When opening a real account, the user is offered up to 80 variants of currency units, including metal-currency combinations.
Brokerage company Exness cooperates with a huge number of banking and commercial organizations that provide their services to perform financial transactions.
You can replenish a deposit or withdraw money in one of the following ways:
- Bitcoin
- Tether
- Skrill
- WebMoney
- Perfect Money
- Bank Card
- Internal Transfer
- Neteller, etc.
Deposits — What Is the Exness Minimum Deposit?
When it comes to making a depo at Exness, one should consider 2 essential aspects:
- What's a minimum deposit?
- What's the deposit speed?
These two criteria are in direct dependency on the payment options the trader chooses. The table below exhibits all information in detail.
Deposit Method | Minimum Deposit | Deposit Speed |
---|---|---|
Bitcoin | $10 | 72 hours |
Tether | $10 | 72 hours |
Skrill | $10 | Instan |
WebMoney | $10 | Instan |
Perfect Money | $50 | Instan |
Bank Card | $10 | Instant |
Internal Transfer | $1 | N/A |
Neteller | $10 | Instant |
Withdrawals
When it comes to Exness withdrawals, the same aspects are to be considered.
Refer to the table below to see what the withdrawal speed is in compliance with the payment method of the trader’s choice.
Deposit Method | Withdrawal Speed |
---|---|
Bitcoin | 72 hours |
Tether | 72 hours |
Skrill | Instant |
WebMoney | Instant |
Perfect Money | Instant |
Bank Card | 1–14 days |
Internal Transfer | Instant |
Neteller | Instant |
When it comes to withdrawing, you'd keep in mind that if you use more than 1 option for depositing, you'll have to withdraw to the same payment methods, as well.
Exness Trading Platforms
Exness provides clients with trading terminals that operate in the browser, desktop, and mobile modes - mobile trading platforms, when signing up an account. In the "Tools" section, you can find the following trading and information platforms:
- MetaTrader 4
- MetaTrader 4 WebTerminal
- MetaTrader 5
- MT4 for iOS Android gadgets.
The broker offers many contracts based on classic and exotic types of financial assets. Among them:
- More than 150 currency pairs: EUR / AUD, USD / HKD, CHF / JPY, AUD / CAD, GBP / AUD, USD / NOK, etc.
- 2 spot metals: gold and silver.
MetaTrader 4 (aka MT4)
Among all software, Exness Metatrader 4 is especially popular. Its features include:
- Trading in automatic mode
- The ability to conduct free technical analysis
- Displaying the history of quotes
- Availability of a calendar of economic news
- Providing a high-quality VPS server
- Currency conversion and others.
Trade on the Exness MT4 platform
MetaTrader 5 (aka MT5)
On Exness, the MetaTrader 5 terminal is available for the following operating systems:
- Android
- Windows
- iOS, and
- Linux.
Manufactured by MetaQuotes, MT5 will ensure the top experiences by every trader by:
- An extensive list of new features
- Performance
- Improved interface.
Trade on the Exness MT5 platform
WebTerminal and Web Trading
The WebTerminal practically does not differ in its functionality from the desktop versions. Using it, a trader can trade under his username and password from any
- PC
- Laptop
- Smartphone or
- Tablet
connected to the Internet, without being tied to a specific device.
Trading Sentiment in Exness Web Terminal
Now users of Exness Web Terminal are able to see the proportion of Buy and Sell orders. The information is fully synchronized between Web and Mobile apps and has the data from all trading terminals the Exness customers use. This feature is available for all users.
Exness Social Trading
Social Trading approach provided exclusively by Exness is a brand-new method to get advanced in forex trading. Its essence consists in newbie traders' ability to study the professional traders' experiences.
There are three assets categories accessible within the social trading accounts:
- Forex
- Metals, and
- Cryptocurrency.
Market Analysis & Research Tools
The "Analysis" tab would unlock more opportunities for each trader by showing how different types of analysis function, and mastering these analysis tools can enlarge the income out of the trading process.
Exness Academy—Education by Exness Company
Exness Academy is believed to ensure that each trader who has a desire to study the forex market will have access to all educational materials.
There are three main stages at the Exness Academy:
- Essentials
- Development
- Breakthrough.
In addition to this, you'll have access to video guides.
After viewing the video guide(s), a trader will learn how to:
- Open a trading account
- Manage your personal account
- Replenish the account and withdraw the earned money
- Work with a trading terminal, etc.
Also, some trading conditions are described in the guide. The information is presented very succinctly.
One can also join the webinars to get a piece of investment advice. So, you'll have professional hints on which assets are better to trade at a particular time. All of the materials are available in different languages, so there'll be no obstacles on your way to find out more.
Customer Support Team: A Good Relationship with Each Client
Exness's customer service department provides fast and multilingual assistance to users around the world.
Qualified specialists provide advice on the financial market and work on the trading platform in 15 languages, including:
- English
- Malay
- Vietnamese
- Arabic
- Chinese and others.
To communicate with operators, Exness customers can use the following means:
Phone | 8 (800) 555-03-23 |
[email protected] | |
Live chat | Yes |
Customer Support Hours are 24/7 from Monday to Friday—kindly contact them to resolve any issue related to
- Bank statement
- Negative balance
- Minimum deposit and instant deposits
- Exness offers
- Further assistance, etc.
More detailed information about the contact details of the dealing center can be found on its official website.
Conclusion about Exness Group
The main feature of the broker, which is noted in the discussions by most of the company's current clients, is the incredibly low spreads.
Probably it was thanks to them that the company was able to gain popularity among a fairly wide audience of traders.
It's also possible to check that the participants of thematic forums do not cease to assert about the constant development of the dealing center and the improvement of trading conditions.
Despite this, there are also critical comments among the positive reviews, which are largely associated with delays in financial transactions. So, traders claim that when replenishing an account using a bank card, money comes instantly, and when withdrawing them in the same way, it can take more than 5 working days to receive funds.
Making a conclusion at the end of the Exness company review, one can add that Exness market maker has established itself well in the international financial markets. It allows clients to use a convenient and accessible trading and information terminal MetaTrader 4 in desktop and mobile apps versions.
In addition, the company cooperates with the largest banks in the world such as Baltikums, OCBC Bank and Barclays. Thus, creating the most reliable conditions for the safety of user funds.
Frequently Asked Questions (FAQ)
What Is Exness All About?
Exness broker being regulated by all authoritative organizations to prevent any errors, ensures the safest CFDs trading environment.
Is Exness Trustworthy?
Along with the regulations Exness undergoes, the company is regularly audited.
Does Exness Have NASDAQ?
Yes. Exness NASDAQ is available from the Pro, Raw Spread, and Zero accounts.
How Is Exness Regulated?
Yes. The regulators are CySEC, FCA, FSCA, CBCS, FSA, FSC.
Which Bank Does Exness Use?
Exness allows any bank accounts to be used for both depositing and withdrawing. Be sure that your card belongs to one of the systems: Visa, Visa Electron, MasterCard, Maestro Master, and JCB (Japan Credit Bureau) cards.
How Does Exness Trading Work?
The Exness trading works mainly through spreads, commissions and swaps on particular asset classes.
Exness: How to Trade?
To initiate your trading with Exness, you'll have to accomplish 5 easy steps that include:
- Registration and opening an account
- Fast profile verification
- Depositing
- Trading terminals understanding
- Starting trading.
Exness: How to Deposit?
You need to Exness login to your Exness Personal Area. Then, go tap the "Deposit" section. Thirdly, you need to opt for the payment system. Pick up the account you'd like to deposit funds into. Enter the currency and amount of your deposit and tap "Next". Confirm your action
What Is the Minimum Deposit for Exness?
Depending on the payment method, the minimum deposit at Exness is $10.
Where Is Exness Broker Located?
The company's official office is located at F20, 1st floor, Eden Plaza, Eden Island, Seychelles.
Does Exness Withdraw on Weekends?
Yes. Depositing and withdrawing is possible the whole week long.
Is Scalping Trading Allowed on Exness?
Every trader is allowed to use any strategy for trading on Exness, and scalping included. So, there are no restrictions on the strategy chosen for trading with the broker.
Can You Trade Indices on Exness?
Yes, it's possible to trade indices. Exness unlocks myriads of indices that include FTSE 100, S&P 500, Dow Jones Industrial Average and many more.
Does Exness Accept Bitcoin?
At Exness, each trader can use either Bitcoin or Tether for both depositing and withdrawing.
What Is Exness Social Trading?
Social Trading at Exness is a unique trading approach, wherein the newbies to trading can copy other traders’ trading strategies and use the professionals' past experiences to apply for real money trading.