Exness | Review | CFD Trading Platform Review

Our Review

Exness

Find all you need to know about Exness Trading Platform.

 

Topics

1. What is Exness?
2. Is Exness safe or a scam?
3. Leverage
4. Accounts
5. Fees
6. Trading Instruments
7. Deposits and Withdrawals
8. Trading Platform
9. Customer Support
10. Education
11. Conclusion

 

What is Exness?

Exness, a name of a brand of the brokerage company works globally. They provide their services from two main branches situated in Seychelles and they are known as a Cyprus broker. The divided characteristics of this brokerage firm let its customer enjoy the facilities of tailored financial services throughout the world and also provide solutions for investments whereas the global brand provides numerous opportunities to the corporate solutions or partnerships mainly and to retail as well.

Pros	Cons
They are a Global Broker having branches in Cyprus, UK, and Seychelles	There is an unavailability of multi-currency accounts
They have a wide range of instruments which includes Forex and CFDs
Both beginners and professionals can easily use it
They have MetaTrader technology
Provide their clients with an advanced range of research tools and analysis

 

10 Points Summary

Headquarters	Cyprus, UK, and Seychelles
Regulation	CySEC #178/12 (Exness (CY) Ltd),  FSA-S #SD 025 (Nymstar Limited),  FCA #730729 (Exness (UK) Ltd)
Platforms	MT4, MT5
Instruments	Forex, Metals, Indices and Energies, Cryptocurrencies
EUR/USD Spread	1.2 pips
Demo Account	Available
Minimum deposit	1$
Base currencies	USD and EUR
Education	Exness Academy with Learning and technical analysis
Customer Support	24/7

 

What type of broker is Exness?

Exness is quite a famous CFD/FX broker that works globally that provides services of about 130 trading instruments since the year 2008. Exness possesses different brokerage firms in 3 different areas in which 3 distinct corporate entities represent them.

Awards

With its vast experience and history of providing quality services, Exness has been rewarded with quite a several awards and has received lots of recognition throughout the world. Some of its awards include Customer satisfaction, trading technology, and overall rankings for providing the best of services successfully.

 

Is Exness safe or a scam?

The very 1st thing to be concerned about while reviewing or deciding to trade with any broker is checking its authenticity and licenses along with the regulatory obligations. All those brokers which are properly regulated can be traded with and invest in as they are safe and secure, on the other hand, we would recommend you to be cautious and avid offshore brokers.

Pros	Cons
Their regulation is done by CySEC, FCA	They are unlisted on Stock Exchange
They provide segregated accounts and annual reports to their clients	The global proposal is regulated by SFSA
Protect negative Balance

 

Is Exness legit?

Since the existence of Exness is widespread in the world, the regulation of its operations is done by local authorities which are very respectable in the whole industry. Exness CY is licensed with CySEC while on the other hand, it is regulated and authorized by the Financial Conduct Authority.

How are you protected?

The investors’ money is kept all safe with Exness as it gives full protection to its clients’ investments by making sure that all necessary precautions are being taken and always keep a double check on its security measures. This is all done by providing the following facilities:

Segregated accounts 

Instant withdrawals

Negative balance protection

Verification

 

Leverage

The levels of leverage are dependable on three key points that are the instruments one trades in, the trader’s proficiency level as well as the restrictions of the regulatory. 

As CySEC and FCA as well as the European directive MiFID have lowered the possibility for the levels of leverage significantly, a retailer can use leverage up to:

1:30 for major currencies,

1:20 for minor ones

1:10 for commodities.

However, since Exness is a global brand, it may allow you to use leverage as high as 1:1000 that can also be decided based on your country origin.

 

Accounts

Exness has two main accounts from which an individual can choose one which suits him the best under his needs of trading and then look forward towards the procedure of registration. 

Pros	Cons
The opening of a digital account is real quick	No such cons found
They provide Standard Account and Standard Cent Account
Professional ECN Account
Also, provide a demo account for practice

 

Account types

There are more than eighty options of currency available for accounts while the company holds some distinct characteristics of quick options for payments. They offer two types of accounts in which the standard account is designed for small-sized traders whereas Standard Account and Professional ECN Account have offerings of raw spread and charge commission for every trade. 

 

Fees

After reading about the spreads of Exness, they are based on tight variables that are also decided by the type of accounts. The spreads for Standard Cent Account start with 0.3 pips and there is no commission charged on the trading volume that means the calculations for trades are done in cents while on the other hand the costs for the standard account are based on tight spreads of 0.1 pips.

Comparison between Exness fees and similar brokers

Asset/ Pair	Exness Fees	GT.io Fees	FP Markets Fees
EUR USD	1.2	1.6 pips	0.7 pips
Crude Oil WTI	4	3	3 pips
Gold	0.3	0.30$	16 cents
Inactivity fee	Yes	Yes	Yes
Deposit fee	No	No	No
Fee ranking	Low/ Average	Low	Low

 

What is Exness commission?

Exness charges a commission when there is a round-turn transaction that is opened from both ends. For per 1 lot on mini and classic accounts, the charge of a commission on commodities of CFD trading is 13 USD and 10 USD respectively. This feature is available for clients of Exness in specific regions only 

Trading Instruments

With the following popular instruments, one can trade with Exness which includes Forex

 with 107 currency pairs, CFDs on Stocks and Indices, Energies, Metals, and 7 Cryptocurrencies.

 

Deposits and Withdrawals

With Exness, you can make instant deposits and withdrawals that too without any commission charges with the usage of an electronic payment system that lets you control your trading account funding with ease.

Pros	Cons
Rapid digital deposits	There may be an application of deposit fee according to your region
The first deposit is very less that is only $1
Supporting Account Base Currencies USD and EUR 0 free withdrawal

 

Deposit Options

Exness includes the following options for the payments

Bank Wire Transfers

major Credit Cards,

e-systems Neteller and Skrill

 

What is the Minimum deposit for Exness?

The Exness minimum deposit amount that Exness requires is US Dollar 1.00.

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Withdrawals

There are no withdrawal fees applied But it is highly recommended for an individual to check the conditions of customer service as well as the terms which are specified for your region and residency.

Withdraw Money Step By Step

There are seven easy steps to withdraw money from your Exness account:

Step #1: Log in to your Exness Personal Area on our home page

Step #2: Click on the Withdrawal section

Step #3: Select the payment system you wish to use

Step #4: In the pop-up menu that appears, select the account you wish to withdraw from

Step #5: Choose the currency of your payment system

Step #6: Enter your payment system account number

Step #7: Enter the amount you wish to withdraw and click Next

Step #8: Check that your withdrawal details are correct and enter the code that has been sent to your email account or mobile phone

Step #9: Click Confirm Withdrawal

 

Trading Platform

The most popular, reliable, and powerful trading platforms are used by Exness are MT4 and MT5.

Pros	Cons
The trading software is user friendly	No such cons found
They offer MT4 and MT5 trading platforms
Both of these trading platforms support Web, Mobile, and Desktop platforms
Provide reports for fees
Technical analysis and no limitation on strategies
Use of various languages

 

Web Trading Platform

Two of the most popular trading platforms which are MT4 and MT5 do not need any introduction. They are also available in different versions that do not need any installation and their access is also very easy that is Web Trading. 

Desktop Platform

MT4 and MT5 for desktop are very much similar to each other. It is only that the difference between these two desktop version platforms is, MT5 has some enhanced characteristics of MT4 otherwise both of the platforms work in quite the same way. 

Mobile Platform

In mobile trading platforms, the trader gets the facilities of alerts, notifications and has entire control on his trading account whether he is an iOS user or an Android user.

 

Customer Support

Another perk is the provision of customer support through phone, emails, and online chats, etc along with 24/7 assistance.

Pros	Cons
They provide a quick response with relevant answers to the client’s queries	The 24/7 support is in English and Chinese only
Responses are supported with Live Chat, Phone lines, emails
Use of 13 different Languages
Provide 24/7 support

 

Education

The best part about Exness is, it has its academy to educate traders along with well-designed learning materials.

Pros	Cons
A proper learning center is organized named Exness Academy	No such cons found
Provides demo account
Fundamental and Technical Analysis
Provide Comprehensive research tools
Trading Calculators, Insights and trading ideas
Market News, Webinars, and Web TV

 

Conclusion

This review shows the long history of Exness that how its operations are done and what conditions are best for different trading styles, experiences, and account sizes. The costs are very reasonable if we compare them with other competitors in the industry along with the provision of such amazing tools of analysis and other solutions of technology.