Exness Review: All Truth Behind Exness Broker

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Forex broker called Exness has been able to establish itself well in the international foreign exchange market. Traders are attracted by favorable trading conditions, a convenient terminal and many ways to perform financial transactions.

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Exness Review: All Truth Behind Exness Broker
Our Rating 5 Users rating: based on 53 user reviews
Minimum Deposit $1 Fees $3.5+
Customer Support 24/7 Bonus Varies
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Forex broker called Exness has been able to establish itself well in the international foreign exchange market. Traders are attracted by favorable trading conditions, a convenient terminal and many ways to perform financial transactions.

General Information About Exness Global Company

As Crypto-Auditor knows, Exness is operated by Nymstar Limited, registered in the Republic of Seychelles. The work is regulated by licenses issued by

The broker occupies a leading position in Forex ratings.

The Exness monthly trading turnover amounts to $325.8 billion.

At the moment, the broker has available CFDs for cryptocurrencies, stocks, more than 120 currency pairs, energy resources and metals.

Exness Broker Trading Conditions

For effective trading on the Forex market, it is very important to choose a dealing center that provides a favorable environment for making profitable trades.

Many experienced traders in their reviews note quite attractive trading conditions provided by the broker:

  • Terminal: MT4 WebTerminal, MetaTrader 4, MetaTrader 5.
  • Mobile application: for iOS and Android devices.
  • Types of trading accounts: cent and standard.
  • Demo account: yes.
  • Minimum deposit: from $1 (equivalent).
  • Minimum lot value: 0.01.
  • Financial assets: currency pairs and CFDs.
  • Technical support: 24/7.

How Does Exness Function: A Short Guide

Signing Up With the Site: How to Open an Account

Working with a broker begins with creating a personal account and opening a trading account. To do this, the user needs to:

  1. Enter the company website in the search.
  2. At the top of the main page, select the ‘Registration’ button.
  3. Fill in the fields by entering personal data: phone number, E-mail, and password.
  4. Verify your data by receiving activation codes by email and phone.
  5. Enter unique codes in the appropriate fields and click the “Confirm” button.
  6. Fill in the “General information” tab, indicating your full name and date of birth.
  7. Go to the item “Security settings” and select the type of protection of personal data.
  8. In the last section “Personal data” you must enter your passport number, country and city of residence, registration address and postal code.

Only after successful verification of the data provided by the client, you can open a trading account and top up its balance.

Getting to Know the Trading Platform

When registering an account, Exness broker provides clients with trading terminals that operate in browser, desktop and mobile modes.

In the section “Tools” you can find the following trading and information platforms:

  • MetaTrader 4
  • MetaTrader 4 WebTerminal
  • MetaTrader 5
  • MT4 for iOS Android gadgets.

Among all software, Metatrader 4 is especially popular. Its features include:

  • Trading in automatic mode
  • The ability to conduct technical analysis
  • Displaying the history of quotes
  • Availability of a calendar of economic news
  • Providing a high-quality VPS server
  • Currency conversion and others.

The broker offers many contracts based on classical and exotic financial assets. Among them:

  • More than 150 currency pairs, including AUD / CAD, EUR / AUD, CHF / JPY, GBP / AUD, USD / NOK, USD / HKD and others
  • 2 spot metals: gold and silver.

Support for Traders at Exness

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
  • Vietnamese
  • Arabic
  • Malay
  • Chinese and others.

To communicate with operators, you can use:

  • Phone: 8 (800) 555-03-23;
  • By email: support@exness.com;
  • Live chat.

Customer Support Hours are 24/7 from Monday to Friday. More detailed information about the contact details of the dealing center can be found on its official website.

Exness Account Types

Currently, trading accounts for MT4 and MT5 terminals are available on the broker’s Internet portal. They differ in the parameters, which are proposed to be found in the table below.

Exness Account Type

Standard Standard Cent Raw Spread

ECN

Platform

MetaTrader 4

MetaTrader 4, MetaTrader 5 MetaTrader 4, MetaTrader 5 MetaTrader 4

Exness min deposit

$1 $1 $2000 $300

Financial assets

Currency pairs Currency pairs, CFDs Currency pairs, CFDs Currency pairs

Minimum pip

0.01 (cent lot) 0.01 0.01 0.01

Leverage

Up to 1:2000 Up to 1:2000 Up to 1:2000 Up to 1:2000

Spread from

0.3 0.3 0.1 0

Margin Call

60% 60% 30% 100%

Stop Out

0% 0% 0%

50%

When opening a real account, the user is offered up to 80 variants of currency units, including metal-currency combinations.

Let’s grab some more details on the Exness accounts, so that you’d be able to choose the most suitable one for the most successful trading.

Exness Standard Account

Suitable mainly for newbie clients whose initial deposit is below $ 200. The spreads on this account are the highest of the entire line, so it makes little sense to use it in other cases.

Main characteristics include:

  • Trading platforms: MT4, MT5, web, MT5, iOS, Android.
  • Available account currencies: more than 60.
  • Instruments: 107 currency pairs, CFDs on cryptocurrencies, indices, metals, stocks of American companies.
  • The minimum deposit is 1 USD.
  • Turnover commission: No.
  • There is no commission for 1 lot.
  • The spread is floating.
  • Average spread for EURUSD: from 1 pip.
  • The maximum number of positions is not limited.
  • The minimum lot size is 0.01.
  • The maximum volume of lots is 7:00 — 20:59 GMT + 0: 200 lots, 21:00 — 6:59 GMT + 0: 20 lots.
  • Order execution: Market.
  • Leverage size: up to 1: 2000.
  • Stop Out: 0.
  • Margin Call: 60%.
  • Swap free for Muslim countries is available.
  • Deposit bonuses: none.

Exness Raw Spread Account

The Raw Spread and Zero account types are similar in basic parameters and are notable for very tight spreads relative to the market.

The practice of fixed commissions per trade is used. In general, they are below the market average, which will be appreciated by lovers of trading robots, for whom this parameter is one of the keys to success.

  • Trading platforms: MT4, MT5, web, MT5, iOS, Android.
  • Available account currencies: more than 60.
  • Instruments: 107 currency pairs, CFDs on cryptocurrencies, indices, metals, stocks of American companies.
  • The minimum deposit is 200 USD.
  • Turnover commission: No.
  • Commission for 1 lot: up to 3.5 USD.
  • The spread is floating, from 0 pips.
  • Average spread for EURUSD — from 0 pips.
  • The maximum number of positions is not limited.
  • The minimum lot size is 0.01.
  • The maximum volume of lots is 7:00 — 20:59 GMT + 0: 200 lots, 21:00 — 6:59 GMT + 0: 20 lots.
  • Order execution: Market.
  • Leverage size: up to 1: 2000.
  • Stop Out: 0.
  • Margin Call: 30%.
  • Swap free for Muslim countries is available.
  • Deposit bonuses: none.

Exness Zero Account

The most economical account in terms of commissions is not only with the Exness broker, but also one of the leaders in the market.

The offer is better than most competitors in the Forex and Cryptocurrency markets. On the stock market (CFD), the supply level is medium.

The name Zero implies zero spreads. For the sake of fairness, we note that there is such a thing as a natural market spread, and there is a broker’s spread.

There is just no broker spread on these accounts, while market fluctuations in not the most liquid instruments can be.

  • Trading platforms: MT4, MT5, WebTerminal, iOS, Android.
  • Available account currencies: more than 60.
  • Instruments: 107 currency pairs, CFDs on cryptocurrencies, indices, metals, stocks of American companies.
  • The minimum deposit is 200 USD.
  • Turnover commission: no.
  • Commission for 1 lot: from 3.5 USD.
  • Spread: from 0.
  • Average spread for EURUSD is 0 pips.
  • The maximum number of positions is not limited.
  • The minimum lot size is 0.01.
  • The maximum volume of lots is 7:00 — 20:59 GMT + 0: 200 lots, 21:00 — 6:59 GMT + 0: 20 lots.
  • Order execution: Market.
  • Leverage size: up to 1: 2000.
  • Stop Out: 0.
  • Margin Call: 30%.
  • Swap free for Muslim countries is available.
  • Deposit bonuses: No.
  • Random history: Yes.

Exness ECN Account

This type of account is considered to be the most advanced on the market. The account is suitable for clients for whom reliability is more important than the size of commissions.

ECN account implies the minimum influence of the broker on trading and the fastest order execution speed. The ECN system is an international decentralized network of liquidity providers and traders.

ECN is the only broker account that has a commission per turnover. It is 25 USD per $ 1 million (2.5 USD for a standard EURUSD lot). Also, most instruments have small spreads.

The disadvantages include a limited number of traded instruments – about 40 currency pairs. Which, in fact, is logical, since ECN is a foreign exchange interbank system.

  • Trading platforms: MT4, MT5, Web, MT5, iOS, Android.
  • Available account currencies: more than 60.
  • Instruments: 40 currency pairs.
  • The minimum deposit is 200 USD.
  • Turnover commission: 25 USD per $ 1 million.
  • There is no commission for 1 lot.
  • Spread: floating from 0.6 pips.
  • Average spread for EURUSD is 0.6 pips.
  • The maximum number of positions is not limited.
  • The minimum lot size is 0.01.
  • The maximum volume of lots is 7:00 — 20:59 GMT + 0: 200 lots, 21:00 — 6:59 GMT + 0: 20 lots.
  • Order execution: Market.
  • Leverage size: up to 1: 2000.
  • Stop Out: 50%.
  • Margin Call: 100%.
  • Swap free for Muslim countries: not available.
  • Deposit bonuses: No.

Exness Pro Account

The Pro account uses the outdated practice of execution of Instant Execution orders. This is fraught with consequences, such as requotes—this is when a quote is placed in the order queue of other broker’s clients and is not executed in all cases.

Brokers in the Dealing Desk also use this practice, which threatens with an unpleasant prospect of getting a broker as a counterparty.

  • Trading platforms: MT4, MT5, WebTerminal, iOS, Android.
  • Available account currencies: more than 60.
  • Instruments: 107 currency pairs, CFDs on cryptocurrencies, indices, metals, stocks of American companies.
  • The minimum deposit is 200 USD.
  • Turnover commission: No.
  • There is no commission for 1 lot.
  • The spread is floating, from 0.3 pips.
  • Average spread for EURUSD: from 0.6 pips.
  • The maximum number of positions is not limited.
  • The minimum lot size is 0.01.
  • The maximum volume of lots is 7:00—20:59 GMT + 0: 200 lots, 21:00 — 6:59 GMT + 0: 20 lots.
  • Order execution: Instant.
  • Leverage size: up to 1: 2000.
  • Stop Out: 0.
  • Margin Call: 30%.
  • Swap free for Muslim countries is available.
  • There is no bonus for replenishment of the account.

Exness Demo Account

The demo version offers different account options, with the exception of Standard Cent. Available for MT4 and MT5 terminals. When creating a demo, traders are credited with a virtual balance of $ 10,000.

Demos are recommended for:

  • Learning to trade without the risk of losing your own money.
  • Checks the conditions of the account type before making the final selection.
  • Testing new trading strategies or signals.

Immediately after registering a personal account, the user receives virtual $10,000 for their use in the Demo. This is done in the Forex auto-trading mode—the user does not need to additionally register and authorize a demo account.

Only after confirming personal information (through the verification procedure), you can activate a real account by replenishing a deposit through the selected payment system.

Payment Options at Exness

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:

  • Electronic systems: Tether, Bitcoin, Neteller, Skrill;
  • Plastic cards: Visa and MasterCard;
  • Electronic wallets: Qiwi, Webmoney, Yandex.Money, Perfect Money;
  • Internet banking: Alfa-Click, Promsvyazbank, Sberbank Online.

The company provides round-the-clock access to payment services, allowing you to transfer money to the interbank or make a deposit at any time.

The duration of the transaction is from a few minutes to 24 hours.

One of the distinguishing features of this company is the fast processing of payments for withdrawal and crediting.

For example, depositing and withdrawing money through QIWI or, say, Skrill e-wallets is carried out without delay, 24 hours a day. Applications are not manually processed by administrators, which speeds up the process.

It is not rational to withdraw through a bank card, since VISA and Master Card payment systems make payments up to 5 business days, additionally deducting their own commission.

Exness Withdrawal

As for the withdrawal time, they vary widely from several minutes to several days, depending on the chosen method. The broker has set up an automatic instant withdrawal for payment systems, but for bank cards and bitcoin, the process can take time.

Withdrawal time

Maximum withdrawal amount Minimum withdrawal amount

Bitcoin

Up to 10 minutes

No limits

No limits

VISA/MasterCard

3–5 business days

$25000

$3

Skrill

Instant

$12000

$10

Perfect Money

Instant $100000

$2

Neteller

Instant $10000

$4

Exness Fees

The broker offers several types of accounts for beginners and advanced users. All accounts have their own advantages and disadvantages and differ among themselves not only in the level of commissions, but also in the approaches to their accrual.

So, for beginners there is an opportunity to practice their trading skills on a standard account. Professionals who make a lot of trades can predict their trading costs using advanced accounts with near-zero spreads and predictable commissions.

Broker Exness employs a variety of practices in calculating commissions.

Standard, Standart Cent and Pro Accounts Fees

Thus, with Standard, Standart Cent and Pro accounts, a floating spread is used, which depends on the current market situation.

Raw Spread Account Fees

Raw Spread accounts use a combined system of a small spread and a fixed commission per trade.

Zero Accounts Fees

Zero accounts are characterized by the absence, or by a minimum value, of a spread and a fixed commission per trade. The ECN account is characterized by a combination of a commission on a turnover and a floating average spread.

For ease of perception, let’s summarize the available information for the Forex market and the EUR / USD currency pair.

Standard

Pro Raw Spread Zero

ECN

Spread

1 0.6 0 0 0.6

Commission per trade

0

0

$3.5

$3.5

0

Turnover commission

0 0 0 0

$25 for $1M

Exness Cryptocurrency Commissions

There are only 7 cryptocurrency pairs on the platform. They are not available for all types of trading accounts.

The digital money market, by all indications, is not a priority for the Exness broker. However, the broker’s commissions for cryptocurrency CFDs have proven to be very competitive.

Standard

Raw Spread

Zero

BTCUSD

10.68 USD

3.5 USD
BCHUSD

2.8 USD

0.5 USD

ETHUSD

1.21 USD

0.5 USD

LTCUSD

0.99 USD

0.44 USD

0.25 USD

XRPUSD

0.73 USD

N/A

In general, we assess the level of Exness commissions in the Forex market as better than the market. It outperforms the competitors already mentioned in the review. For some accounts, the broker makes one of the best deals.

The most attractive account types from the point of view of the size of the commission for the Forex market with the broker Exness are Raw Spread and Zero accounts. They can be interesting for trading with robots and advisors, since they allow you to more accurately calculate costs.

Bonuses Offers at Exness

At the time of this review, Exness did not provide users with the opportunity to receive bonus funds for the first or subsequent replenishment of the deposit.

Instead, the broker conducts periodic promotions, sweepstakes and contests, the purpose of which is to increase the loyalty of already registered traders and to attract a new target audience.

During different holiday periods, you can become a participant in the Forex contest for owners of real or demo accounts.

The rules are usually based on the need for active trading during the period of the drawing and to obtain the best results among all competitive participants (for example, to be the best in terms of lot volume, profit, minimum drawdown).

Most often, among the participants, real cash prizes with the possibility of withdrawal or gadgets (Apple, Samsung) are raffled off.

The company updates the ‘Contests’ section every few months, adding new promotions. There are no other loyalty programs.

A Short History Behind Forex Broker

Brokerage company Exness was founded back in 2008. At present, it is 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. It is a retail Forex dealing center that offers the tightest spreads and the highest leverage.

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.

The total trading turnover of the Forex broker in 2016 exceeded the figure for 2009 ($ 8.7 billion) by more than three times. In 2021, the Exness company’s turnover surpasses $1 trillion.

Education and Forex Training with Exness

Education with Exness is not allocated in a single section on the site.

Instead, beginners are encouraged to immediately go to the so-called help center, which contains answers to the most common questions of novice traders: there is a detailed guide to all financial services offered by a Forex operator.

As an alternative to newbies, you can take advantage of analytical information. It’s completely free. But apart from the familiar to everyone the economic calendar and the block with technical analysis, there is nothing there.

In the training section, you will not learn what trading strategies exist, how to carry out technical and fundamental analysis of stocks, or how to correctly predict the value of financial assets.

Instead, it contains information on what does Exness do, how to replenish a deposit, how to manage a personal account, or why there are problems with authorization in Metatrader.

Accordingly, the cost of studying at Exness is zero.

All theoretical materials are available free of charge and you do not even need to register on the site to access them. Although the volume of training information itself is insufficient.

Exness: Pros and Cons

Only after a complete study of the brokerage platform can you single out its positive and negative aspects.

Among the main advantages of a dealing center, one can single out the following ones:

  • The current regulator CySEC
  • The ability to open ECN accounts
  • Tight spreads
  • A demo account
  • Prompt execution of financial transactions
  • High speed of order execution
  • Multilingual technical support
  • Provision of a free VPS server
  • Reliable investment protection.

Also, experienced traders noticed a lot of flaws in the broker’s activities that can confuse:

  • A small number of ways to withdraw funds
  • ECN accounts are operated using Instant Execution technology
  • No big bonuses, promotions and other discount programs
  • High commission — $ 25 per lot
  • Lack of training material
  • Complex and lengthy verification procedure.

Final Thoughts

The main feature of the broker, which is noted in the discussions by most of the users, 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.

What’s more, the participants of thematic forums never cease to assert about the constant development of the dealing center and the improvement of trading conditions.

Despite this, among the positive reviews, there are also critical comments, 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.

At the end of the review, we can add that the Forex broker Exness has established itself well in the domestic and international financial market.

It allows clients to use a convenient and accessible trading and information terminal MetaTrader 4 in desktop and mobile 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.

FAQ

Regardless of being legal in the US, forex trading is not possible in America with Exness for now.

The least amount you can invest is just $1. However, depending on the account type, this number can be higher.

Yes.

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Our scope 5/5
Security 5/5
Client Support 5/5
Assets Number 5/5
Fees 5/5
Pros
  • Tight spreads
  • A demo account
  • Prompt execution of financial transactions
  • High speed of order execution
  • Multilingual technical support
  • Provision of a free VPS server
  • Reliable investment protection
Cons
  • A small number of ways to withdraw funds
  • ECN accounts are operated using Instant Execution technology
  • No big bonuses, promotions and other discount programs
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Tommy Lio

I’ve been working with a broker for about a year. All transactions go smoothly, and I am confident in a quick withdrawal of funds. I have a standard account. Low spreads, optional leverage. I contacted support several times, always questions were resolved promptly. For me, this is the best broker choice. On average, I close three trades a day at a profit, negative ones are also found, but the losses are insignificant – $ 10-15. I plan to continue working with Exness.

Dan E.

Exness is a very good company. When I got acquainted with the conditions, I thought it was unrealistic. Yes, it happens. The broker is completely transparent. I manage to get a lot of income here. I am very pleased with our cooperation.

Jahh666

Exness is the fourth company I work with. She is better than the rest, I am very sorry that I did not get here right away. Then I could have avoided the troubles that I had with other brokers. Note that this terminal is very fast and the withdrawal is never delayed.

Samantha

5 years ago I tried myself in trading, went into negative territory and quit. The forum was attracted by the discussion of instant withdrawal of money from Exness, and I decided to give it a try. This time I started with training, webinar views and monitoring on the service. It was scary to close the first deal, then I gained experience and now I work for profit. Good leverage allows you to quickly accelerate the deposit. I like working with a broker. There is almost no slippage. Quotes don’t jerk. In my opinion, one of the most reliable brokers.

Yvan Sahadisis

A year ago I started working with Exnes. After this time, I am glad that one day I chose it among a fairly large offer. It was here that I learned to trade, and I did. These are the pros who are a pleasure to trade with. They know what quality is. I recommend this broker to you too, you will not regret it!

Alfred

A really great broker
Weekly I withdraw about $2,000 or sometimes even more! 🙌🙌🙌

Thanks, Crypto-Auditor for suggesting this very crypto broker ❤️

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