Exness Review 2024

Introduction

Exness is a globally recognized forex and CFD broker, established in 2008 by a group of like-minded professionals in the area of finance and information technology. Headquartered in Cyprus, Exness has grown rapidly over the years, becoming a trusted name in the industry. With a focus on providing transparent and reliable trading services, Exness offers a wide range of financial instruments and is committed to the highest standards of client satisfaction and regulatory compliance.

Expert Analysis

Exness stands out in the competitive landscape of online brokerage with its comprehensive suite of trading services and a commitment to transparency and client satisfaction. As seasoned reviewers, we’ve meticulously examined Exness’ offerings across various parameters to provide an insightful verdict.

With over a decade of industry experience, Exness has established itself as a trusted name in the realm of online trading. Regulated by multiple authorities including the FSA (Seychelles), FCA (United Kingdom), and CySEC (Cyprus), the broker prioritizes compliance and adherence to stringent regulatory standards, offering traders peace of mind regarding the safety of their funds and the integrity of their trades.

One of Exness’ notable strengths lies in its diverse range of trading instruments, covering currencies, stocks, cryptocurrencies, indices, and commodities. This extensive selection empowers traders with ample opportunities to diversify their portfolios and capitalize on various market movements. Furthermore, Exness impresses with its user-friendly trading platforms, including the widely acclaimed MetaTrader 4 (MT4) and MetaTrader 5 (MT5), alongside the proprietary Exness Terminal. These platforms are renowned for their robustness, advanced charting capabilities, and seamless execution, catering to the needs of both novice and experienced traders.

In addition to its impressive product offerings, Exness distinguishes itself through its commitment to client education and support. The broker provides a wealth of educational resources, including tutorials, webinars, and market analysis, empowering traders with the knowledge and skills needed to navigate the complexities of the financial markets.

However, it’s essential to note that no brokerage is without its limitations. While Exness boasts competitive spreads and low minimum deposit requirements, some traders may find the absence of certain features such as guaranteed stop loss orders or economic calendars as areas for improvement.

Our expert analysis of Exness reaffirms its position as a reputable and reliable brokerage, offering a comprehensive trading experience backed by robust regulation, diverse trading instruments, intuitive platforms, and extensive educational resources. While there’s room for enhancement in certain areas, Exness remains a compelling choice for traders seeking a trusted partner in their financial journey.

The Pros and Cons

Pros

✔️ Highly regulated across multiple jurisdictions

✔️ Extensive range of trading instruments

✔️ Competitive spreads and low trading fees

✔️ User-friendly trading platforms

✔️ Excellent customer support

Cons

❌ Limited social trading features

❌ Offshore entities subject to lower regulatory oversight

Is Exness Right for You?

Exness serves a broad spectrum of clients, encompassing novice traders, seasoned experts, and institutional investors alike. With its extensive range of educational resources, demo accounts, and low minimum deposit requirements, Exness is particularly suitable for new traders looking to learn the ropes. Meanwhile, its advanced trading tools and competitive spreads appeal to seasoned traders seeking a reliable and efficient trading environment.

What Sets Exness Apart?

Several factors distinguish Exness from other brokers:

• Comprehensive Regulatory Oversight: Exness is regulated by multiple top-tier and mid-tier financial authorities.
• Wide Range of Trading Instruments: Clients can trade in various markets, including forex, stocks, cryptocurrencies, indices, and commodities.
• Flexible Leverage Options: Exness offers flexible leverage ratios, up to 1:2000, catering to different trading strategies and risk appetites.
• Robust Trading Platforms: With MT4, MT5, and Exness Terminal, traders have access to industry-leading platforms.
• 24/7 Customer Support: Exness provides round-the-clock support in multiple languages.

Main Features

Trust and Safety

Exness boasts a robust 16-year track record in the industry and holds regulation from multiple authorities. Notably, it does not cater to retail clients in Europe or the UK, directing them instead to offshore-regulated entities, which may offer diminished account protection. Despite this, Exness maintains strict adherence to client fund segregation, implements negative balance protection, and extends access to a compensation scheme through its membership with the Financial Commission.

Regulation

Exness is regulated by several authorities, ensuring a high level of client protection and trust:

• Exness (UK) Ltd is regulated by the UK Financial Conduct Authority (FCA), register number 730729. We rate the FCA as a Tier-1 regulator.
• Exness (Cy) Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 178/12. We rate CySEC as a Tier-1 regulator.
• Exness (KE) Ltd is authorized by the Capital Markets Authority (CMA) in Kenya with license number 162. We rate CMA as a Tier-2 regulator.
• Exness (SC) Ltd is authorized and regulated by the Seychelles Financial Services Authority (FSA) with license number SD025. We rate the FSA as a Tier-3 regulator.
• Exness (VG) Ltd is authorized by the British Virgin Islands Financial Services Commission (FSC) with registration number 2032226 and investment business license number SIBA/L/20/1133. We rate the BVI FSC as a Tier-3 regulator.
• Exness B.V. is regulated by the Central Bank of Curaçao and Sint Maarten with license number 0003LSI. We rate the Central Bank of Curaçao and Sint Maarten as a Tier-3 regulator.
• Exness ZA (PTY) Ltd is authorized by the Financial Sector Conduct Authority (FSCA) in South Africa as a Financial Service Provider (FSP) with FSP number 51024. We rate FSCA as a Tier-2 regulator.
• Exness (MU) Ltd is authorized by the Financial Services Commission (FSC) in Mauritius with registration number 176967 and Investment Dealer license number GB20025294. We rate the Mauritius FSC as a Tier-3 regulator.

Is Exness Safe to Trade With?

Exness operates multiple entities, with two licensed by top-tier regulators, offering relatively high account security. The other entities are overseen by second or third-tier regulators, so the level of protection varies by entity.

For instance, clients with a UK entity enjoy a high level of regulatory scrutiny and are covered by a compensation scheme in the event of broker insolvency. Conversely, Exness’ offshore entity is subject to different regulatory oversight.

Exness is also a member of the Financial Commission – an independent self-regulatory organization and external dispute resolution body dedicated specifically to Forex. Exness clients are protected by the Commission’s Compensation Fund for up to €20,000.

To summarize, I rate Exness as moderately trustworthy and stable due to the following:

• 16-year operating history
• Multi-asset broker
• All entities segregate funds
• All entities offer negative balance protection
• Financial Commission membership

Commission and Fees

Exness offers competitive commission and fee structures, which vary depending on the account type and trading instruments. The broker typically operates on a spread-based model, where traders pay the difference between the buy and sell prices, with no additional commission charged on most trades. This can be advantageous for traders looking to avoid extra fees.

However, it’s essential to note that while Exness boasts tight spreads, they may widen during periods of high market volatility or specific trading conditions. Additionally, swap rates apply to overnight positions, and these rates can vary based on the currency pair and the direction of the trade.

Furthermore, Exness offers different account types with varying fee structures, including Standard, Pro, and Raw Spread accounts. Each account type may have its own set of commissions, spreads, and trading conditions, catering to different trading preferences and strategies.

Commission and Fees Overview

Exness offers competitive commission and fee structures, tailored to suit various trading preferences and strategies. Below, we break down key components of their pricing model.

• Spread-based Trading: Exness typically operates on a spread-based model, where traders pay the difference between the buy and sell prices. This model generally does not involve additional commissions on most trades.

• Variable Spreads: While Exness offers tight spreads, they may widen during periods of high market volatility or specific trading conditions.

• Swap Rates: Swap rates apply to overnight positions, and these rates can vary based on the currency pair and the direction of the trade. Traders should consider these rates if they plan to hold positions overnight.

• Account Types: Exness offers different account types, including Standard, Pro, and Raw Spread accounts. Each account type may have its own set of commissions, spreads, and trading conditions.

• Commission Fees: Depending on the account type chosen, traders may encounter commission fees. These fees can vary and are typically charged on a per-lot basis for certain trading instruments.

• Transparency: Exness provides transparent information regarding its commission and fee structures, allowing traders to make informed decisions. It’s advisable for traders to thoroughly review the specific fees applicable to their chosen account type and trading activities before engaging with the platform.

• Competitive Pricing: Overall, Exness aims to offer competitive pricing and transparent fee structures to its clients, ensuring a fair and cost-effective trading experience.

Overall, Exness provides transparent information regarding its commission and fee structures, allowing traders to make informed decisions based on their trading style and objectives. However, it’s advisable for traders to thoroughly review the specific fees applicable to their chosen account type and trading activities before engaging with the platform.

Deposit & Withdrawal Options

Exness provides a diverse range of deposit and withdrawal options to accommodate the needs of its global clientele. Traders can fund their accounts and withdraw profits using various methods, including bank transfers, credit/debit cards, and electronic payment systems. These options offer flexibility and convenience, allowing traders to choose the method that best suits their preferences and geographical location.

Bank Transfers: Exness supports both local and international bank transfers, enabling traders to deposit and withdraw funds directly from their bank accounts. While bank transfers may take longer to process compared to other methods, they are a reliable option for larger transactions and international transfers.

Credit/Debit Cards: Traders can also use major credit and debit cards, such as Visa and Mastercard, to fund their Exness accounts instantly. This option is convenient for smaller deposits and provides quick access to trading funds.

Electronic Payment Systems: Exness supports a variety of electronic payment systems, including Skrill, Neteller, and WebMoney, among others. These e-payment options offer instant deposits and withdrawals, making them ideal for traders who prioritize speed and efficiency.

Cryptocurrency Deposits: Additionally, Exness accepts cryptocurrency deposits, allowing traders to fund their accounts using popular cryptocurrencies like Bitcoin and Ethereum. This option appeals to traders who prefer the security and anonymity of blockchain transactions.

Low Fees and Fast Processing: Exness aims to provide cost-effective deposit and withdrawal solutions, with minimal fees and fast processing times. However, it’s essential for traders to review the specific fees and processing times associated with each payment method, as they may vary depending on the chosen option and the trader’s location.

Overall, Exness’s wide range of deposit and withdrawal options, combined with its commitment to low fees and fast processing times, ensures a seamless and convenient experience for traders worldwide.

Tradable Instruments

Exness offers a diverse range of tradable instruments across multiple asset classes, providing traders with ample opportunities to diversify their portfolios and capitalize on various market conditions.

• Forex (FX) Pairs: Traders can access a comprehensive selection of major, minor, and exotic currency pairs, allowing participation in the global forex market.

• Commodities: Exness provides trading opportunities in a variety of commodities, including precious metals like gold and silver, energy commodities such as crude oil and natural gas, and agricultural products like wheat and corn.

• Indices: Trading is available on a range of global stock indices, allowing speculation on the performance of major equity markets worldwide, from the S&P 500 and Dow Jones to the FTSE 100 and Nikkei 225.

• Cryptocurrencies: Exness offers trading on popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Ripple, enabling traders to capitalize on price movements in the digital asset market.

• Stocks (Equities): Traders can invest in individual stocks from major global exchanges, including tech giants like Apple and Amazon, multinational corporations like Coca-Cola and Toyota, and a variety of other leading companies across different sectors and industries.

• Bonds: Exness provides access to trading in government and corporate bonds, offering opportunities for diversification and income generation in the fixed-income securities market.

• CFDs (Contracts for Difference): Exness offers an extensive range of CFDs across various asset classes, including forex pairs, commodities, indices, cryptocurrencies, stocks, and bonds. CFD trading allows traders to speculate on price movements without owning the underlying asset, providing flexibility and leverage to amplify trading positions.

What are CFDs?

A Contract for Difference (CFD) is a financial derivative product that allows traders to speculate on the price movements of various underlying assets, such as stocks, indices, commodities, or currencies, without owning the underlying asset itself. When trading CFDs, traders enter into a contract with the broker to exchange the difference in the price of the asset from the time the contract is opened to when it is closed. CFDs provide traders with the opportunity to profit from both rising and falling markets, as they can take long (buy) or short (sell) positions.

What Can You Trade with Exness?

Account Types

Exness offers several account types to cater to different trading needs:

• Standard Account: Ideal for beginners, offering low minimum deposits and competitive spreads.
• Pro Account: Suitable for more experienced traders, providing tighter spreads and faster execution speeds.
• Zero Account: Designed for professional traders, offering zero spreads on major currency pairs.
• Islamic Account: Swap-free accounts that comply with Islamic finance principles.

Registration and Account Opening

Opening an account with Exness is straightforward:

1. Visit the Exness website and click on “Open Account.”
2. Fill in your personal information and create a password.
3. Verify your email address and phone number.
4. Complete the KYC process by submitting required identification documents.
5. Fund your account using your preferred deposit method.

Restricted Countries

Exness does not accept clients from the United States of America, American insular areas, European countries, the United Kingdom, and Vatican City.

Trading Platforms

Exness provides its clients with access to the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, along with its proprietary Exness Terminal. These platforms are renowned for their user-friendly interface, advanced charting tools, and robust security features. Additionally, Exness offers a market maker trading desk type, ensuring efficient order execution and minimal slippage.

Key Aspects of the Platform

• Advanced Charting Tools: Both MT4 and MT5 offer a wide range of technical indicators and analytical tools.
• Automated Trading: Support for Expert Advisors (EAs) and algorithmic trading.
• Mobile Trading: Both platforms are available on mobile devices, allowing trading on the go.
• User-Friendly Interface: Intuitive and easy to navigate, suitable for both beginners and experienced traders.

Research and Education

Exness offers a comprehensive suite of research and educational resources to support traders at all skill levels. The platform provides access to a variety of tools, analysis, and educational materials designed to enhance traders’ knowledge and decision-making capabilities.

Research

Exness provides traders with access to a range of research tools and analysis to help them stay informed about market trends and developments. This includes daily market analysis, technical and fundamental reports, economic calendars, and market insights from expert analysts. Traders can leverage these resources to gain valuable insights into market movements and make informed trading decisions.

Additionally, Exness offers advanced charting tools and indicators to help traders analyze price trends and patterns. These tools enable traders to conduct in-depth technical analysis and identify potential trading opportunities with greater accuracy.

Education

Exness is committed to supporting traders’ educational needs by offering a variety of educational resources and materials. The platform features comprehensive educational articles, tutorials, videos, and webinars covering a wide range of topics, including trading strategies, risk management, technical analysis, and market psychology.

Furthermore, Exness offers demo accounts that allow traders to practice trading strategies in a risk-free environment. These accounts are particularly beneficial for beginner traders who are new to the markets and want to gain hands-on experience without risking real capital.

Overall, Exness provides traders with access to a wealth of research and educational resources to help them improve their trading skills and stay ahead of the markets. Whether traders are looking to enhance their knowledge through research or develop their skills through education, Exness offers the tools and support needed to succeed in the dynamic world of trading.

FAQs

What is Exness?
Exness is an online forex and CFD broker that provides trading services to clients worldwide. Established in 2008, Exness offers a wide range of financial instruments, advanced trading platforms, and competitive trading conditions.

Is Exness regulated?
Yes, Exness is regulated by reputable financial authorities, including the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the United Kingdom. The broker adheres to strict regulatory standards to ensure the safety and security of client funds.

What trading instruments are available on Exness?
Exness offers a diverse range of tradable instruments across multiple asset classes, including forex pairs, commodities, indices, cryptocurrencies, stocks, and bonds. Traders have access to a wide selection of financial instruments to suit their trading preferences and strategies.

What trading platforms does Exness offer?
Exness provides traders with access to a variety of trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two of the most popular and widely used platforms in the industry. These platforms offer advanced charting tools, technical indicators, and automated trading capabilities to enhance the trading experience.

What are the deposit and withdrawal options on Exness?
Exness offers a range of deposit and withdrawal options to accommodate the needs of its clients, including bank transfers, credit/debit cards, electronic payment systems, and cryptocurrency deposits. The broker aims to provide fast and convenient transaction processing with minimal fees.

Does Exness offer educational resources for traders?
Yes, Exness provides a comprehensive suite of educational resources to support traders at all skill levels. These resources include educational articles, tutorials, videos, webinars, and demo accounts to help traders improve their knowledge and skills in trading the financial markets.

How can I contact Exness customer support?
Exness offers customer support services through various channels, including live chat, email, and phone support. Traders can reach out to the Exness support team for assistance with account-related queries, technical issues, or general inquiries.

Is there a minimum deposit requirement to open an account with Exness?
Exness offers different account types with varying minimum deposit requirements to cater to traders with different investment preferences. The minimum deposit amount may vary depending on the account type chosen by the trader.

Does Exness offer demo accounts?
Yes, Exness offers demo accounts that allow traders to practice trading strategies and explore the platform’s features in a risk-free environment. Demo accounts are an excellent way for beginner traders to gain hands-on experience without risking real capital.

Is trading with Exness safe?
Exness prioritizes the safety and security of client funds and adheres to strict regulatory standards set by reputable financial authorities. The broker employs advanced security measures, encryption protocols, and segregated client accounts to ensure the safety of client funds and data.

Does Exness offer bonuses or promotions?
Exness occasionally offers bonuses and promotions to its clients, including deposit bonuses, cashback rewards, and trading contests. Traders can check the Exness website or contact customer support for information about the latest promotions available.

Can I trade on Exness using mobile devices?
Yes, Exness offers mobile trading applications for iOS and Android devices, allowing traders to access the markets and manage their trades on the go. The mobile apps provide full functionality, including real-time quotes, charting tools, and order execution capabilities.

Does Exness offer Islamic trading accounts?
Yes, Exness offers Islamic trading accounts, also known as swap-free accounts, which comply with Islamic Sharia law principles. These accounts are designed for Muslim traders who wish to trade without incurring interest (swap) charges on overnight positions.

How can I open an account with Exness?
Opening an account with Exness is a straightforward process that can be completed online through the Exness website. Traders need to provide some personal information, undergo a verification process, and choose the desired account type to start trading.

Can I trade with Exness if I am a resident of the United States?
No, Exness does not accept clients from the United States of America, American insular areas, European countries, the United Kingdom, and Vatican City. Traders from these regions are restricted from trading with Exness due to regulatory reasons.

Customer Support

Exness offers 24/7 customer support in multiple languages. The support team is highly responsive and can be reached via live chat, email, and phone.  Exness provides comprehensive customer support services to assist traders with their inquiries, technical issues, and account-related queries. The broker offers multiple channels of communication and aims to deliver prompt and helpful assistance to clients.

Live Chat: Exness offers live chat support, allowing traders to connect with customer support representatives in real-time. The live chat feature is available directly on the Exness website and trading platforms, providing quick access to assistance whenever needed. Traders can receive immediate responses to their questions and concerns, making it convenient for resolving urgent issues.

Email Support: Traders can also reach out to Exness customer support via email. The broker provides dedicated email addresses for different types of inquiries, such as technical support, account verification, and general inquiries. The email support team strives to respond to queries promptly and efficiently, providing detailed assistance and solutions to traders’ concerns.

Phone Support: Exness offers phone support for traders who prefer to speak directly with a customer support representative. Traders can find the phone numbers for Exness customer support on the broker’s website and contact them during business hours. Phone support provides a personalized and interactive communication experience, allowing traders to discuss their issues or questions in detail with a knowledgeable support agent.

FAQs and Knowledge Base: Exness maintains an extensive FAQ section and knowledge base on its website, covering a wide range of topics related to trading, account management, platform features, and more. Traders can find answers to common questions and solutions to common issues by browsing through the FAQs and articles. The knowledge base serves as a valuable resource for self-help and troubleshooting, enabling traders to find information quickly and independently.

Overall Impression

Exness demonstrates a commitment to providing excellent customer support services to its clients. The availability of multiple channels of communication, including live chat, email, and phone support, ensures that traders can reach out for assistance in their preferred method. The promptness and effectiveness of Exness customer support help to enhance the overall trading experience for clients, fostering trust and confidence in the broker’s services.

Conclusion

Exness is a reliable and well-regulated broker with a strong global presence. Its extensive range of trading instruments, competitive fees, and robust trading platforms make it a suitable choice for traders of all levels. While there are some limitations, such as lower regulatory oversight for offshore entities, the overall security and customer service offered by Exness make it a trustworthy broker.

Information and Features