Exness

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	Official Website
Popularity
Leverage	Up to 1:2000
Minimum Deposit	$10
Regulation	FCA, CySEC
Payment Methods	Bank Wire, Credit Card, Skrill, Neteller, Cryptocurrency
Trading Assets	Forex, Stocks, Indices, Metals, Cryptocurrencies
MT4	✅
MT5	✅
Spreads	Low
Average cost: EUR/USD	0.1 Pips
Demo Account	✅
Islamic Account	✅
MAM	✅
PAMM	✅
CopyTrading	✅
ZuluTrade	❌
Scalping	Yes
Signals	✅
EAs/Robots	Available
Negative Balance Protection	Yes
Deposit Fee	❌
Withdrawal Fee	❌
Inactivity Fee	No information
Year Established	2008
Address	F20, 1st floor, Eden Plaza, Eden Island, Seychelles
Contact Information	Email: [email protected], Phone: +357 25 030 959
Mobile Trading APP
Rating	★★★★☆ 4.9
Website	Official Website

Top Brokers

Rank	Broker	Review
1	XM
2	XTB
3	FBS
4	RoboForex
5	JustMarkets
6	xChief
7	Exness
8	eToro
9	Markets.com
10	IC Markets

Pros and Cons

Introduction 

Exness is a globally recognized online forex broker that has been serving traders around the world since its inception in 2008.

With a commitment to providing transparent and reliable trading services, the company has grown to become one of the leading platforms in the forex industry.

Offering a wide range of financial instruments, including forex pairs, metals, cryptocurrencies, energies, indices, and stocks, it caters to traders of all experience levels.

This review aims to deliver an in-depth analysis, covering its trading platforms, account types, regulatory compliance, customer support, and more.

By examining the broker’s features and offerings, we aim to provide traders with the information needed to make an informed decision about whether Exness is the right broker for their trading needs.

Regulation and Safety of Funds

Regulatory Bodies:

Exness is regulated by several authoritative bodies including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and others.

This multi-regulatory approach demonstrates the company’s commitment to adhering to the highest standards of financial integrity and security.

Safety of Funds:

Traders’ funds are held in segregated accounts, ensuring that client funds are kept separate from the company’s operational funds.

This separation is crucial for the protection of clients’ money in the unlikely event of the broker’s insolvency.

Trading Platforms

Exness offers access to the world’s most popular trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), both of which are renowned for their advanced trading features, analytical tools, and automated trading capabilities.

Here’s a closer look at each platform:

MetaTrader 4 (MT4):

MT4 remains the gold standard for forex trading worldwide.

Its user-friendly interface, combined with powerful analytical tools, makes it an ideal choice for both beginners and experienced traders.

MetaTrader 5 (MT5):

Building on the success of MT4, MT5 offers more advanced trading features, including more timeframes, technical indicators, graphical objects, and the ability to trade on exchange markets.

Account Types

Exness offers several account types, each designed to meet the specific requirements of different traders.

From the Standard account, suitable for beginners, to the Professional accounts, which cater to the needs of experienced traders seeking more advanced features and lower spreads, there’s an option for every level of trading expertise.

Standard Accounts

Standard accounts are ideal for beginners and those who prefer trading with no commission.

These accounts offer a balance between competitive spreads and accessibility, with no minimum deposit requirement.

Professional Accounts

Professional accounts are tailored for experienced traders and those seeking the best possible trading conditions, including lower spreads and higher leverage options.

The Raw Spread and Zero accounts are particularly attractive for scalpers and high-volume traders due to their low spread offerings.

Choosing the Right Account

When selecting an account type, consider your trading style, experience level, and the specific features that are most important to you.

Here are some guidelines:

• For Beginners: The Standard or Standard Cent accounts are great starting points, offering a risk-friendly environment with no minimum deposit.
• For Experienced Traders: If you’re looking for tighter spreads and more advanced trading conditions, the Pro account provides a compelling option without commissions.
• For Scalpers and High-Volume Traders: The Raw Spread and Zero accounts offer the lowest spreads and are designed to accommodate high-speed trading and scalping strategies.

Spreads and Leverage

• Spreads: Exness is known for its tight spreads, which can be as low as 0.1 pips for major currency pairs in the Pro account.
• Leverage: Offering flexible leverage up to 1:2000, it provides traders with the potential to increase their trading exposure with a relatively small initial deposit.

Deposits and Withdrawals

Exness prides itself on offering a wide range of deposit and withdrawal methods, including bank wire transfers, credit/debit cards, e-wallets like Skrill and Neteller, and cryptocurrencies.

Notably, the broker processes withdrawals instantly, allowing traders to access their funds without unnecessary delays.

Customer Support

The company offers 24/5 customer support via live chat, email, and phone.

The broker has invested in a knowledgeable support team capable of assisting clients with various inquiries, ranging from account setup to technical difficulties.

Trading Instruments

Exness provides a diverse range of trading instruments, catering to the needs of traders interested in various markets:

• Forex: The broker offers an impressive selection of currency pairs, including all major pairs, numerous minors, and exotic pairs. This wide selection is perfect for traders looking to capitalize on the volatility and liquidity of the forex market.
• Metals: Traders can also trade precious metals such as gold and silver, which are often used as safe havens during periods of market volatility.
• Cryptocurrencies: For those interested in the digital currency market, it offers trading on the most popular cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
• Energies: The broker provides the option to trade on energy commodities like oil and gas, which are crucial for traders looking to diversify their portfolios.
• Indices and Stocks: Exness allows trading on leading global indices and shares from major companies, offering traders exposure to global equity markets.

Educational Resources

The company is committed to educating its traders, offering a wealth of resources designed to enhance trading skills and knowledge:

• Webinars and Seminars: Regularly scheduled educational events that cover various trading topics, from market analysis to trading strategies.
• Trading Academy: A comprehensive collection of articles and tutorials designed for both beginner and advanced traders.
• Market Analysis: Daily and weekly market analysis provides traders with insights into market trends and potential trading opportunities.

Trading Conditions

• Execution Speed: Exness boasts exceptional execution speeds, ensuring that trades are executed without significant delays, which is crucial for day traders and scalpers.
• No Requotes: The broker provides trading conditions with no requotes, meaning that trades are executed at the price seen on the screen at the time of the order.
• Negative Balance Protection: Moreover, it also offers negative balance protection, safeguarding clients from losing more than their account balance.

Customer Experiences

To provide a balanced view of Exness, it’s important to consider the experiences of actual users.

Traders generally praise it for its user-friendly platforms, competitive spreads, and fast withdrawal processing.

However, some users have noted areas for improvement, such as the desire for more educational content for advanced trading techniques and occasional delays in customer support responses during peak times.

Community and Support

• Customer Support: Its dedicated customer support team is available 24/5, offering assistance in multiple languages to accommodate a global clientele. The broker’s commitment to quality support is evident through its responsive live chat service, email support, and direct phone lines.
• Social Presence: Exness maintains a strong social media presence, engaging with traders through platforms like Facebook, Twitter, and Instagram. This engagement helps create a sense of community among users and provides an additional channel for support and information.

Conclusion

Exness stands out in the crowded forex broker market for its comprehensive range of trading instruments, competitive conditions, and commitment to trader education and support.

The broker’s regulatory framework and safety measures provide a secure trading environment, which, when combined with its advanced trading platforms and flexible account types, makes Exness a solid choice for both new and experienced traders.

In conclusion, while no broker is perfect, their dedication to improving and adapting to its clients’ needs positions it as a reputable and reliable choice for anyone looking to engage in the forex market.

Whether you’re just starting out or looking to refine your trading strategy, Exness offers the tools, resources, and conditions to support your trading journey.

User Reviews

Video: How to Create a Trading Account

Frequently Asked Questions (FAQ)

Resources

• Official Website
• Twitter
• Trustpilot
• YouTube
• LinkedIn
• Facebook
• Instagram

Our experts

This article has been written, edited and reviewed by the following members of our team:

Feng Zhou

Feng Zhou, a seasoned author and financial expert, boasts a diverse portfolio of articles recognized by prestigious publications such as Bloomberg, Global Asia, and BizLeaders. Graduating from the University of Hong Kong marked the inception of Mr. Zhou's journey into the financial sector. Initially delving into financial statement audits for both publicly traded and privately held clients, he honed his skills before furthering his education at Hong Kong Polytechnic University. During his tenure, Feng Zhou contributed significantly to the valuation of privately held businesses, engaged in forensic accounting, and provided litigation-related services. His professional trajectory also includes valuable experience at Nezu Asia Capital Management, a prominent hedge fund giant. Demonstrating entrepreneurial spirit, Feng Zhou founded a financial asset management company and frequently shares his expertise as a guest lecturer at various Chinese MBA programs. His prolific writing extends beyond traditional platforms, with articles featured in a range of industry events and publications, including FoxTrade, The MoneyShow, London Summit, and iFX EXPO. With a keen eye for market trends and a wealth of experience, Feng Zhou continues to be a prominent voice in the financial landscape.

Sandro Pontedra

Sandro Pontedra is the mastermind behind the insightful financial analysis and educational content that FoxTrade readers have come to rely on. With a rich academic background from Università di Bologna and the University of Milan, Sandro has built a career that spans across private wealth management and financial analysis, culminating in his role as Chief Accounting Officer for a prominent firm. An avid trader with over a decade of experience in the markets, Sandro combines his hands-on trading knowledge with a keen analytical mind, offering FoxTrade readers a unique blend of practical advice and in-depth market insights. His work, recognized by major financial publications, reflects his passion for finance and commitment to demystifying complex financial concepts. Sandro is dedicated to empowering readers with the knowledge and tools needed to navigate the financial markets confidently. Whether you're a seasoned investor or new to trading, his articles provide valuable insights into investment strategies, market analysis, and the future of finance and technology.

Stephane Dubois

Stephane Dubois stands at the forefront of financial analysis and industry expertise, driving innovation and insight across global markets. With a diverse academic background in International Relations and World Economy, coupled with practical experience spanning government projects and private sector endeavors across five continents, Stephane brings a wealth of knowledge and perspective to his role. As a senior editor at FoxTrade, Stephane oversees the publication of insightful content, ensuring that readers receive accurate and timely analysis to navigate the complexities of the financial world. His leadership and editorial guidance have been instrumental in shaping the platform into a trusted source of information for investors and traders alike. Beyond his editorial responsibilities, Stephane is revered as a leading analyst in the online broker industry. His insights have been instrumental in shaping strategies and decision-making for executives worldwide. Stephane's expertise isn't confined to the boardroom; he is also an esteemed business school professor, with an MBA from Columbia University and prior experience at Goldman Sachs. Stephane's impact extends beyond the confines of academia and corporate settings. He has spoken and moderated panels at prestigious events globally, earning citations from esteemed publications such as Finance Monthly, The Journal of Finance, and Financial Analysts Journal. His contributions to industry discussions cover a wide array of topics, from forex strategies to stock market catalysts, earning him recognition as a thought leader in the financial world.

Last update: April 28, 2024