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Florian Fendt
Fact checked by Florian Fendt
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Exness

Exness was founded in 2008 and has been rapidly expanding ever since. Today, Exness offers trading services to clients in over 190 countries and supports 15 different languages. Exness is a globally regulated broker, holding multiple licenses from respected financial regulators around the world. These licenses reinforce Exness commitment to transparency, safety, and a secure trading environment.

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80% of retail investor accounts lose money trading CFDs with this provider.

Visit Exness

Exness is a leading online forex and CFD broker, offering a wide range of trading instruments and account types tailored to the needs of different types of traders. The broker has a user-friendly and efficient deposit and withdrawal system, with a variety of payment options, including bank cards, Neteller and Skrill. Exness is a globally regulated broker, holding multiple licenses from respected financial regulators around the world. These licenses reinforce Exness commitment to transparency, safety, and a secure trading environment. The broker has won several awards and has set records in the industry, making it a reliable and trustworthy choice for traders of all levels who want to access the global financial markets.

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Exness rating

4.5

Overall rating
Regulation and Safety 4.5/5
Deposit and withdrawals 4.5/5
Account Setup 4.5/5
Fees & Commissions 5/5
Trading platform 4/5
80% of retail CFD accounts lose money.

Pros and Cons of Exness

What we like about Exness

Exness is a forex and CFD broker that offers a range of impressive features that traders can benefit from. Here are some of the things that the BrokerCheck review team liked about Exness:

Withdrawals without any fees: Exness offers fast and efficient processing of withdrawals with no fees. This means traders can easily access their funds without worrying about any hidden charges.

Modern Trading Platforms with free VPS hosting: Exness provides its clients with a range of advanced trading platforms. These platforms come with free VPS hosting, which enables traders to run their trading algorithms 24/7, without having to keep their computer on.

Transparent price history with Tick-level data across all instruments: Exness provides access to transparent price history with tick-level data for all instruments, which enables traders to make informed decisions based on accurate historical data.

Global payment methods: Exness offers global payment methods, including bank cards, Neteller and Skrill. This allows traders to fund their accounts and withdraw their profits easily and efficiently.

Overall, Exness is a reliable and trustworthy broker that offers many useful features and tools for traders. The fast withdrawals, modern trading platforms, transparent price history and global payment methods are some of the reasons why traders choose Exness.

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Pros of Exness
  • Withdrawals without any fees

  • Modern Trading Platforms with free VPS hosting

  • Bank cards, Neteller and Skrill

  • Transparent price history

What we dislike about Exness

Like any broker, Exness has drawbacks that may impact some traders. Firstly, the broker does not allow traders from the European Union to trade with them due to regulatory restrictions. This can be a significant disadvantage for traders based in the EU who are looking for a reliable and regulated broker.

Secondly, Exness does not offer genuine stocks for trading, which can be a disadvantage for traders who are interested in trading stocks. Instead, the broker offers contracts for difference (CFDs) on stocks, which can expose traders to additional risks.

Thirdly, while Exness does offer a range of trading instruments, the number is limited to just 200. This can be a disadvantage for traders who are looking for a more extensive range of trading options.

Finally, Exness does not offer guaranteed stop loss orders, which can be a disadvantage for traders who want to limit their potential losses. Without guaranteed stop loss orders, there is a risk of slippage, which can lead to higher losses than anticipated in fast-moving markets.

Overall, while Exness has many advantages, these drawbacks may impact some traders and should be considered before opening an account with the broker.

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Cons of Exness
  • No EU traders allowed

  • No genuine stocks

  • Just “200 trading instruments

  • No guaranteed stop loss

Tradable Instruments at Exness

Exness offers over 200 financial instruments across six categories: forex, metals, energies, indices, cryptocurrencies, and stocks. With Exness, traders have access to major currency pairs, popular cryptocurrencies like Bitcoin and Ethereum, precious metals like gold and silver, and leading stocks such as Amazon, Tesla, and Facebook.

  • Forex: Over 97 currency pairs
  • Metals: Gold, silver, palladium, and platinum
  • Cryptocurrencies: 35+ digital currencies
  • Energies: Brent and WTI crude oil, natural gas
  • Indices: 10 global indices
  • Stocks: 120+ US and EU stocks
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Trading fees at Exness

Exness offers a range of account types with competitive trading fees and spreads. The broker aims to provide a favorable trading environment with low costs for its clients.

Account Types and Fees

Standard Account

  • Spreads from 0.3 pips on EUR/USD
  • No commission
  • Suitable for all types of traders

Pro Account

  • Lowest overall trading fees
  • Average EUR/USD spread of 0.6 pips
  • No commission
  • Ideal for demanding short-term strategies like scalping and high-frequency trading

Raw Spread Account

  • Spreads as low as 0.0 pips
  • Minimum cost of $3.50 per trade
  • Commission-based option

Zero Account

  • Spreads close to 0.0 pips for top 30 instruments
  • Varying commissions from $0.1
  • Suitable for scalpers and algorithmic traders

Spreads and Commissions

Exness offers competitive spreads across its account types:

  • Standard accounts: Spreads from 0.2 pips, no commission
  • Pro accounts: Average EUR/USD spread of 0.6 pips, no commission
  • Raw Spread accounts: Spreads from 0.0 pips with a minimum cost of $3.50
  • Zero accounts: Spreads close to 0.0 pips with varying commissions

Forex commissions on raw spread accounts range from $0.40 to $7.00 per standard lot.

Additional Fees

  • Swap fees: Eliminated for most instruments, including majors, crypto, and gold
  • Deposit fees: Not charged by Exness
  • Withdrawal fees: Not charged by Exness, and the broker covers third-party transaction fees
  • Inactivity fees: Not charged
  • Currency conversion fees: May apply in certain situations

Exness offers a range of account types with competitive fees and spreads, catering to different trading styles and strategies. The broker’s recent fee reductions and elimination of swap fees for many instruments further enhance its appeal to traders seeking a cost-effective trading environment.

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Detailed Review Exness

Exness is a forex and CFD broker that was founded in 2008. The company has since grown to become one of the leading online brokers, with a global presence and a wide range of trading instruments. Exness offers a range of trading platforms, including its own proprietary trading app.

One of the standout features of Exness is its wide range of account types, which are tailored to the needs of different types of traders. The broker offers four types of accounts: Standard, Raw Spread, Zero, and Pro. Standard accounts are ideal for beginners, while the other accounts offer more advanced features and tools for experienced traders. Each account type has its own unique features, including different spreads, commissions, and leverage.

Depositing and withdrawing funds at Exness is also a straightforward and efficient process. The broker offers global payment methods, including bank cards, Neteller and Skrill. Deposits are processed almost instantly, and there are no fees for depositing funds. The minimum deposit amount varies depending on the account type and the payment method, ranging from $10 to $200. Withdrawals can be made through the same payment methods used for deposits, and there are no fees for withdrawals either. The processing time for withdrawals can take up to 24 hours, and the minimum withdrawal amount is $10.

Exness is a globally regulated broker, holding multiple licenses from respected financial regulators around the world. These licenses reinforce Exness commitment to transparency, safety, and a secure trading environment.

Exness has a comprehensive range of trading instruments, which include forex, metals, cryptocurrencies, energies, stocks, and indices. The broker also offers competitive spreads and leverage, which can be as high as 1:2000, depending on the account type and the instrument being traded.

With its low fees and high-quality trading services, Exness has become a popular broker among traders. The broker stands out for not charging Swap for the most popular assets, making it beneficial for those who use long-term strategies. In addition, Exness charges low spreads on its trading instruments, with some accounts having spreads as low as 0.0 pips. Most account types have no commission, deposit, or withdrawal fees, making it an attractive option for traders looking to minimize trading costs. Exness offers a range of account types to cater to different traders’ needs, including the Zero, Pro, Raw Spread, and Standard accounts. The Zero and Pro accounts are ideal for experienced traders who want low spreads and fast execution speeds, while the Raw Spread account offers raw market spreads with a small commission per trade. The Standard account is a good choice for beginners as it has no commission and offers fixed spreads.

Exness accepts bank cards, Neteller and Skrill for deposits, and the company charges no fees for deposits or withdrawals. Exness allows trading in a variety of account currencies, including “AED”, “ARS”, “AUD”, “AZN”, “BDT”, “BHD”, “BND”, “BRL”, “CAD”, “CHF”, “CNY”, “EGP”, “EUR”, “GBP”, “GHS”, “HKD”, “HUF”, “IDR”, “INR”, “JOD”, “JPY”, “KES”, “KRW”, “KWD”, “KZT”, “MAD”, “MXN”, “MYR”, “NGN”, “NZD”, “OMR”, “PHP”, “PKR”, “QAR”, “SAR”, “SGD”, “THB”, “UAH”, “UGX”, “USD”, “UZS”, “VND”, “XOF”, and “ZAR”.

Exness has been honored with various awards, including the Best Customer Support Award at Financial Markets Expo Cairo 2021, Premium Loyalty Program Award at Financial Markets Expo Cairo 2021, Most Innovative Broker at Dubai Expo 2021, Most People-Centric Broker at Traders Summit 2022, and Global Broker of the Year at Traders Summit 2022. Most importantly, Exness won the BrokerCheck Award ‘Best FX Broker Asia 2023’

Overall, Exness is a reliable and trustworthy broker that provides a range of trading tools and resources for traders of all levels. With its extensive range of account types and payment options, Exness provides a secure and user-friendly trading environment for traders who want to access the global financial markets.

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Regulation & Safety at Exness

Exness is a globally regulated broker, holding multiple licenses from respected financial regulators around the world. These licenses reinforce Exness commitment to transparency, safety, and a secure trading environment. The broker is committed to providing a safe and secure trading environment for its clients, and takes all necessary measures to ensure the protection of their funds and personal information.

Exness also employs the latest security measures to ensure the protection of its clients’ funds and personal information. The broker uses SSL encryption to protect client data, and stores funds in segregated accounts with reputable banks.

Overall, Exness is a reputable and secure broker that provides a safe and secure trading environment for its clients. The broker’s commitment to security measures makes it a reliable choice for traders looking for a trustworthy broker.

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Your account at Exness

Exness offers a variety of trading accounts to suit the needs of traders of all levels. The available account types include Standard, Raw Spread, Zero, and Pro accounts, each with its own unique features and benefits. Standard accounts are commission-free and suitable for new traders, while Raw Spread and Zero accounts offer low spreads and a fixed commission. Pro accounts provide instant execution and no commission charges. All account types support trading in forex, metals, cryptocurrencies, energies, stocks, and indices. Additionally, Exness offers swap-free accounts and Islamic accounts for clients who follow Sharia law.

Features Standard Raw Spread Zero Pro
Minimum deposit $10 $200 $200 $200
Spread From 0.3 From 0.0 From 0.0 From 0.1
Commission No commission Up to $3.50 each side per lot From $0.2 each side per lot No commission
Maximum leverage 1:2000 1:2000 1:2000 1:2000
Instruments Forex, metals, cryptocurrencies, energies, stocks, indices Forex, metals, cryptocurrencies, energies, stocks, indices Forex, metals, cryptocurrencies, energies, stocks, indices Forex, metals, cryptocurrencies, energies, stocks, indices
Minimum lot size 0.01 0.01 0.01 0.01
Maximum lot size 200 (7:00 – 20:59 GMT+0), 20 (21:00 – 6:59 GMT+0) 200 (7:00 – 20:59 GMT+0), 20 (21:00 – 6:59 GMT+0) 200 (7:00 – 20:59 GMT+0), 20 (21:00 – 6:59 GMT+0) 200 (7:00 – 20:59 GMT+0), 20 (21:00 – 6:59 GMT+0)
Maximum number of positions Unlimited Unlimited Unlimited Unlimited
Hedged margin 0% 0% 0% 0%
Margin call 60% 30% 30% 30%
Stop out 0% 0% 0% 0%
Order execution Market Market Market Instant (forex, metals, energies, stocks, indices), market (cryptocurrencies)
Swap-free Available Available Available Available
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How can I open an account with Exness

By regulation, every new client must go through some basic compliance checks to ensure that you understand the risks of trading and are admitted to trading. When you open an account, you will probably be asked for the following items, so it is good to have them handy: A scanned colour copy of your passport or national ID A utility bill or bank statement from the last six months with your address You will also need to answer a few basic compliance questions to confirm how much trading experience you have. It is therefore best to take at least 10 minutes to complete the account opening process. Although you can explore the demo account immediately, it is important to note that you cannot make any real trading transactions until you have passed compliance, which can take up to several days depending on your situation.

How to close your Exness Account?

To terminate an Exness account, follow these steps:

  • Submit an email to Exness at support@exness.com using the account holder’s registered email address, including the account number, support PIN, and reason for termination.
  • Once the application is received, you will receive an email (within 5 business days) regarding the termination date and a verification call to confirm the request.
  • On the day of termination, you will receive an email that your account has been terminated, along with account statements for all active accounts for the past 30 calendar days.
  • Once an account is terminated, you are obligated to close all your open positions and will not be able to open new positions.
    It is important to note that if the balance of your trading account is in your favor, then such balance will be paid to you as reasonably practicable and a statement of account will be sent to you.
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How To Close Your Exness account?

To terminate an Exness account, follow these steps:

  • Submit an email to Exness at support@exness.com using the account holder’s registered email address, including the account number, support PIN, and reason for termination.
  • Once the application is received, you will receive an email (within 5 business days) regarding the termination date and a verification call to confirm the request.
  • On the day of termination, you will receive an email that your account has been terminated, along with account statements for all active accounts for the past 30 calendar days.
  • Once an account is terminated, you are obligated to close all your open positions and will not be able to open new positions.
    It is important to note that if the balance of your trading account is in your favor, then such balance will be paid to you as reasonably practicable and a statement of account will be sent to you.
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Account Types available at Exness

Account TypeAvailable
Standard accountYes
Demo accountYes
Islamic accountYes
VIP accountYes

Trading platforms available at Exness

The Exness Trade app is designed for mobile trading and is available for both iOS and Android devices. The app allows you to manage your trading accounts, view real-time market data, and place trades on-the-go. It also features a user-friendly interface and a range of analytical tools to help you make informed trading decisions.

  • Exness Terminal is a desktop trading platform that offers advanced charting capabilities, multiple order types, and a customizable interface.

Overall, Exness offers a wide range of trading platforms and tools to meet the needs of traders at all levels. Whether you prefer to trade on-the-go with a mobile app or use a desktop platform with advanced charting capabilities, Exness has a platform to suit your needs.

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Trading PlatformAvailable
IOS appYes
Android appYes
Desktop windowsNo
Desktop MACNo
Web platformYes
Propriety platformYes
MetaTrade 4 (MT4)Yes
MetaTrade 5 (MT5)Yes

Deposits and withdrawals at Exness

Depositing and withdrawing funds at Exness is a straightforward and efficient process. The broker offers global payment methods, including bank cards, Neteller and Skrill.

Deposits are processed almost instantly, and there are no fees for depositing funds. The minimum deposit amount varies depending on the account type and the payment method, ranging from $10 to $200.

Withdrawals can be made through the same payment methods used for deposits, and there are no fees for withdrawals either. The processing time for withdrawals can take up to 24 hours, and the minimum withdrawal amount is $10.

Exness also offers an automatic withdrawal system, which allows traders to set up regular withdrawals of their profits. This system provides a convenient and hassle-free way to manage your funds.

Overall, Exness has a user-friendly and efficient deposit and withdrawal system, making it easy for traders to manage their accounts and access their funds.

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How is the customer support at Exness

Exness is known for its excellent customer service. The company offers support in over 13 languages, including English, Chinese, Arabic, and Spanish, and provides 24/7 customer support via email, phone, and live chat.

Exness also offers a personal account manager service to its clients, providing dedicated support to help traders achieve their goals. Additionally, the broker provides educational resources, including webinars and tutorials, to help traders improve their knowledge and skills.

Overall, Exness has a reputation for providing high-quality customer service, with a focus on helping traders achieve their goals and providing the support and resources they need to succeed.

 

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Frequently asked questions about Exness

  • Is Exness a good broker?

    Exness is a solid broker that enables traders worldwide to trade on multiple platforms, including the Exness Trade app and Exness Terminal. Their proprietary webtrader and app is highly rated by its users.

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  • Is Exness regulated and trustworthy?

    Exness is a globally regulated broker, holding multiple licenses from respected financial regulators around the world. These licenses reinforce Exness commitment to transparency, safety, and a secure trading environment. Traders should view it as a safe and trusted broker.

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  • Is Exness a scam broker?

    Exness is a globally regulated broker, holding multiple licenses from respected financial regulators around the world. These licenses reinforce Exness commitment to transparency, safety, and a secure trading environment. No scam warning has been issued on the official authorities’ websites.

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  • What is the minimum deposit at Exness?

    The minimum deposit at Exness to open a live account is $10 with certain deposit methods.

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  • Which trading platform is available at Exness?

    Exness offers the Exness Trade app, Exness Terminal and a proprietary WebTrader.

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  • Does Exness offer a free demo account?

    Yes. Exness offers an unlimited demo account for trading beginners or testing purposes.

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