Why Exness
Exness Overview
Contents []
Point SummaryIntroduction
Awards
Is Exness safe or scam?
Accounts
Products
Leverage
Commissions and Spreads
Rollover
Platforms
Trading Feature
Deposit and Withdrawals
Customer Support
Research Education
Noteworthy Points
Conclusion
Point Summary
Introduction
Exness offers users the ability to trade on a wide range of asset classes covering Forex and CFDs on Crypto, Metals, Energies, Stocks and Indices across five core trading accounts. Professional Accounts are called Raw Spread, Pro and Zero with account leverage of up to 1:2000 on MT4 and unlimited leverage on MT5, no trading commissions on the Pro Account and 3.5 USD commission per lot, per side for Raw Spread and Zero Accounts. Standard accounts are called Standard and Standard Cent which are both commission-free. Demo accounts and Islamic swap-free accounts are also available.
Clients of Exness can trade on the globally-recognised MetaTrader 4 and MetaTrader 5 trading platforms for Windows, Mac, Linux, Android and iOS systems, as well as the Exness Web Terminal. Users are also offered a variety of deposit and withdrawal methods including bank cards and e-wallets. The broker also offers a wide variety of educational materials via articles and videos, as well as live market analysis, an economic calendar, WebTV and trading calculators.
Customer support is offered in 13 languages with 24/5 support in 11 languages and 24/7 support in English and Chinese via Live Chat or Email.
Exness is indeed a reliable broker; more attractive for professional traders than for beginners. Not because they do not offer themselves to beginners, professional traders tend to get the best out of Exness with their trading conditions.
Exness prides itself on being a fintech leader which provides innovative technological solutions, the highest quality of service and some of the best trading conditions in the industry
Pros and Cons
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Awards
Along with its history of operation, Exness has been awarded and recognized many times including different aspects like Customer satisfaction, trading technology and overall rankings recognizing its success.
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And more awards such as: Most Transparent FX Broker 2019 (World Finance), Global FX Broker of the Year 2019 (The European), Best Global Forex Trading Experience (Global Forex Awards), Best Global Forex Customer Service (Global Forex Awards), Most Trusted Forex Broker (Global Forex Awards) ...
When it comes to market innovation, this Forex broker can be said to be an old-school broker since it is one of the few brokers in the industry who are yet to implement the concept of social networking. Nevertheless, traders still have a lot of confidence in Exness mainly because of its commitment to providing high-quality services.
Exness forex broker provides both private traders and institutional investors with accessible, reliable and high-quality brokerage services using the most advanced and innovative technologies.
Is Exness safe or scam?
Exness is regulated by CySEC and FCA, two of the most well-known and trusted forex regulations in the market. Every customer at Exness all has Exness protection
In order to protect invested funds, when selecting a company for a long-term partnership a professional trader should consider not only the company’s trading conditions. But also, most importantly, make sure that the company’s operations comply with the relevant country’s legal requirements and with internationally recognized financial standards.
Is Exness legit?
Exness Group due to its presence in various countries and established offices regulated by necessary local authorities that also highly respected within the industry. Exness UK Ltd is authorized and regulated by the Financial Conduct Authority, while Exness CY Ltd holds a license from CySEC.
Thus, the broker permitted to provide financial products or services within its activity in above mentioned countries and in another country in the EEA. Also, there is a license from an offshore Seychelles, which rather provides just registration than serious regulation, yet additional licenses from reputable authorities make things and Exness offers reliable.
How are you protected?
Therefore, and due to operational standards that are set according to the requirements along with the customer protection, money segregation and participation in investor compensation fund or scheme. The EEA registration and the provision of services on a cross-border basis performed by authorization from cross authorities within Europe that makes Exness operation standards highly reasonable ones.
Accounts
Exness offers a wide range of account types, all designed to suit a diverse range of trading styles. They are divided into two main types: Standard and Professional. Each account type offers its own set of conditions for commission, margin call, and leverage among many others.
Standard accounts
Standard accounts are recommended for all traders, as it is the simplest and most accessible account offered.
It includes the Standard and Standard Cent account which are both commission-free, as shown below:
| Standard | Standard Cent | |
|---|---|---|
| Minimum deposit | USD 1 | USD 1 |
| Leverage | MT4: 1:Unlimited MT5: 1:2000 | MT4: 1:Unlimited |
| Commission | None | None |
| Spread | From 0.3 points | From 0.3 points |
| Maximum number of accounts per PA: | 100 | 10 |
| Maximum and Minimum volume of position: | Min: 0.01 lots (1K) Max: 07:00 – 20:59 (GMT+0) = 200 lots 21:00 – 6:59 (GMT+0) = 20 lots (Limits are subject to instruments traded) | Min: 0.01 cent lots (1K cents) Max: 100 cent lots |
| Maximum number of pending orders: | 100 | 50 |
| Margin call: | 60% | 60% |
| Stop out: | 0%* | 0% |
| Order execution: | Market Execution | Market Execution |
Please note: Demo Accounts are not available for the Standard Cent account type.
*Stop out level for Standard accounts is changed to 100% during the daily break hours of stock trading.
Professional Accounts
Professional accounts stand out from all other account types available, as some offer instant order executions, and are recommended for more experienced traders.
Includes the Pro Account, Zero Account, and Raw Spread Account.
| Pro | Zero | Raw Spread | |
|---|---|---|---|
| Minimum deposit | Starts from USD 200 (depends on your country of residence) | Starts from USD 200 (depends on your country of residence) | Starts from USD 200 (depends on your country of residence) |
| Leverage | MT4: 1:Unlimited MT5: 1:2000 | MT4: 1:Unlimited MT5: 1:2000 | MT4: 1:Unlimited MT5: 1:2000 |
| Commission | None | From USD 3.5/lot in one direction. Based on the trading instrument | USD 3.5/lot in one direction. Based on the trading instrument |
| Spread | From 0.1 points | From 0.0 points** | From 0.0 points Floating (low spread) |
| Maximum number of accounts per PA: | 100 | 100 | 100 |
| Maximum and Minimum volume of position: | Min: 0.01 lots (1K) Max: 07:00 – 20:59 (GMT+0) = 200 lots 21:00 – 6:59 (GMT+0) = 20 lots (Limits are subject to instruments traded) | Min: 0.01 lots (1K) Max: 07:00 – 20:59 (GMT+0) = 200 lots 21:00 – 6:59 (GMT+0) = 20 lots (Limits are subject to instruments traded) | Min: 0.01 lots (1K) Max: 07:00 – 20:59 (GMT+0) = 200 lots 21:00 – 6:59 (GMT+0) = 20 lots (Limits are subject to instruments traded) |
| Maximum number of pending orders: | No limit | No limit | No limit |
| Margin call: | 30% | 30% | 30% |
| Stop out: | 0%*** | 0%*** | 0%*** |
| Order execution: | Instant*: Forex, Metals, Indices, Energies, Stocks Market: Cryptocurrency | Market Execution | Market Execution |
**Zero spread for top 30 instruments 95% of the day, non-zero for other trading instruments. Floating spread during key periods such as news and rollovers.
***Stop out level for Pro, Zero and Raw Spread accounts is changed to 100% during the daily break hours of stock trading.
The Standard Cent account is only available on MetaTrader 4 and not on MetaTrader 5. The Professional Accounts offer differing leverage with some advertised as ‘unlimited’ and others a maximum of 1:2000.
Open Accounts
Users can open an account by clicking on Open Account or New Account on the broker’s website.
To complete the registration process, users are asked to verify their phone number and personal information as shown below:
This can also be done at a later stage. However, at this point, users can access the My.Exness personal area to view and open new accounts, as well as access deposit, withdrawals, trading platforms, bonuses, social trading and more, as shown below:
Exness does not accept clients from these restricted countries: the USA, Malaysia, Russia, Saint Vincent and the Grenadines, Vatican City, Israel, American Samoa, Baker Island, Guam, Howland Island, Kingman Reef, Northern Mariana Islands, Puerto Rico, Midway Islands, Wake Island, Palmyra Atoll, Jarvis Island, Johnston Atoll, Navassa Island.
Products
To cater for the various needs of all its traders, Exness offers a wide range of quality products to trade on covering Forex and CFDs on Metals, Energies, Crypto, Indices and Stocks.
Below is a list of just some of the available markets for trading
* Details regarding the available assets are taken from the Exness website and trading platform and are correct at the time of this review.
Trading costs such as spreads, commissions and overnight funding (swap) rates vary depending on the type of accounts, instrument being traded and are covered further down this review.
Leverage
Leverage levels always depending on the instrument you trade, as well defined by the regulatory restrictions and your personal level of proficiency.
Since FCA and CySEC along with its European directive miFID significantly lowered the possibility for leverage levels, the maximum leverage you may use as a retail trader is
- 1:30 for major currencies,
- 1:20 for minor ones
- 1:10 for commodities.
Yet, a global entity of Exness may allow much higher leverage ratios up to 1:1000, which are also defined by the country of your origin.
Exness offers the highest leverage: unlimited leverage
Beginning traders think high leverage is risky. But professional traders think safer. If you deposit same money, open the same order size, the higher leverage, the safer. If you use unlimited leverage, you will pay 0$ for margin. So, you have more free magin to keep your order open.
And of course, always learn how to use leverage correctly, as leverage may increase your potential loses as well and is a different feature in various instruments.
Commissions and Spreads
“Trading costs with Exness vary depending on the account type opened and the market being traded. Some accounts offer commission-free trading and some are commission-based with raw spreads from 0 pips.”
They offer super low spreads or even spread-free, execution to suit scalpers, day-traders and algotraders.
The Standard and Standard Cent (MT4 only) Accounts offer commission-free trading with spreads starting from 0.3 pips.
The professional Pro Account offers commission-free trading with spreads starting from 0.1 pips. The professional Raw Spread account offers commission-based trading up to 3.5 USD per lot/per side with spreads starting from 0 pips. Zero account offer commission-based trading starting from 3.5 USD per lot/per side with spreads starting from 0 pips.
Spreads and swap-rates vary depending on the instrument being traded and the account type opened.
See some of the examples below for a better understanding of Exness costs and comparison with other brokers, as well compare fees to another broker DF Markets.
Comparison between Exness fees and similar brokers
| Asset/ Pair | Exness Fees | ETFinance Fees | OctaFX Fees |
| EUR USD | 1.2 | 0.7 | 0.5 |
| Crude Oil WTI | 4 | 3 | 2 |
| Gold | 0.3 | 0.37 | 0.2 |
| Inactivity fee | Yes | Yes | Yes |
| Deposit fee | No | Average | Low |
| Fee ranking | Low/ Average | High | Average |
Rollover
Also, always consider Exness rollover or overnight fee as a cost, which is charged on the positions held longer than a day. Each instrument charges different quote for overnight positions, which may be as a fee or a refund, see sample on some of the instruments above.
Platforms
The broker offers its various services on both MetaTrader 4 and MetaTrader 5. The MetaTrader 4 platform is available in a web-based version, desktop version as well as mobile apps.
MetaTrader 5 is considered to be an improved version of MetaTrader 4. However, many online Forex brokers prefer the MetaTrader 4 platform because MetaTrader 5 doesn’t support hedging. Additionally, the MT5 platform does not support MT4’s Expert Advisors popularly known as EA. The two platforms (MT4 and MT5) are highly encrypted to safeguard the personal details of traders.
Exness offers users the ability to trade on the globally-recognised MetaTrader 4 trading platform
- 30 inbuilt indicators.
- Instant and Market order execution types.
- Autotrading via MQL4.
- Real-time prices.
The Exness MetaTrader 5 trading platform allows users to:
- View 38 inbuilt indicators and 22 analytical tools.
- Access fundamental analysis via an inbuilt economic calendar and news events.
- View up to 21 different timeframes.
- Develop automated systems via MQL5.
Web trading
While both platforms are well known software in the industry, MetaTrader4 features a convenient and functional trading platform that has been recognized by professional world traders and retail traders as well. While MT5 is a more developed version of the previous one with powerful features and new possibilities. You can access both via Web Trading, which is free from download or installation platform accessible via the browser.
Yet, Web version is always less advanced as desktop one, so if you develop a comprehensive strategy and need more customization and charting features go for the desktop version..PNG "Exness Overview")
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Desktop platform
Both MT4 and MT5 support all devices including PC and MAC, so the choice is yours which platform you prefer to use either industry standard or its new developed version MT5. Good to mention again that each account supports both platforms, so there is no need to specify, you can use two at the same time, which is great.
The Exness Terminal
Users can also trade on the Exness Web Terminal which offers quick, simple trading functionality but with limited features. This can be accessed from the My.Exness Personal Area, as shown below:
Moile Trading
From the comfort of their mobile devices, Exness traders are in a position to carry out almost all the functions of both MT4 and MT5 platforms. Thanks to Mobile trading, clients can complete various trading activities from anywhere in the world provided they are connected to the internet.
Traders especially those who are constantly on the move prefer mobile Forex trading because of its convenience and reliability. The fact that Exness supports mobile trading is a huge plus and the company will continue to enjoy an upward growth pattern.
- Apple iOS App
- Android App
- Trading- CFDs and Fore
Trading styles
Since there are many traders who still prefer the MT4, both options are available along with the analytical service with free technical analysis from Trading Central, high-quality VPS hosting, economical calendars, quotes history and a constant monitor of the accounts.
The most relevant news affecting the Forex market available from Dow Jones News, the leading provider of information in the world, hence included into the streaming line of the platforms. Meanwhile, all trading styles are welcomed making your strategy available and possible to be performed at Exness.
Trading Feature
“Exness provides a range of additional trading features including VPS hosting and social trading.”
Exness offers a free VPS hosting service for live accounts with at least 500 USD or equivalent in another currency. This allows users to connect to their trading terminals from a remote terminal.
The broker also provides access to social trading services. This is only viewable once logged into the My.Exness Personal Area, as shown below:
The Exness social trading services is run through the Exness social trading app which can be downloaded in the Google PlayStore and Apple AppStore.
Deposit and Withdrawals
Exness performs instant deposits and withdrawals with no commission charges using a number of electronic payment system that provides control over your trading account funding at convenience.
Deposit Options
Exness offers users the ability to deposit and withdraw funds, fee-free via Bank Card, Perfect Money, WebMoney, Neteller, Skrill, Bitcoin and Tether. There are different minimum deposits and transaction times depending on the chosen method but are shown on the broker’s website, as below:
Minimum deposit
What is more great, Exness does not require a specific amount at the beginning, so you will be able to start as small as 1$. The professional account may demand though 200$, and of course, check on the necessary margin requirements that are usually set for each trading instrument separately. Also, check on the payment methods, as some of them set a minimum transfer amount.
Withdrawals
As been mentioned already, Exness does not charge any fees either for deposits or withdrawals. Nevertheless, check before any transfers are done with customer service in case there are any fees that may be applicable, due to your country of origin or maybe by the payment provider himself.
The best advantage of Exness is the instant withdrawal. This means that when you make a withdrawal, everything happens automatically without human intervention. Thus among all forex brokers, the withdrawal speed of Exness is the fastest. If you have tried trading with other brokers, you will know how long it will take to withdraw. So this is one of the main reasons for traders to choose Exness.
| Pros | Cons |
| • Deposit fee may be applicable according to your region |
Customer Support
Exness offers customer support in up to thirteen different languages including German, Thai, Arabic, Russian, and Urdu. Client support in English and Chinese is offered round the clock, 24/7. This is a great advantage of the Exness broker because some brokers only support in English. So it is quite complicated and time-consuming when asking for their support. Exness is the best choice for traders who are not fluent in English.
Traders can get in touch with the broker through phone, emails, and live chat. The company also offers customer support by posting answers to FAQs on their website. There are support, sales, partnership and marketing which dedicated for each target country.
Exness gained actually quite good rankings for its support and is recognized among financial markets for its excellence.
Research Education
The company offers research and education to traders majorly through third-party content. Its trading platforms are constantly updated with useful trading insights from Dow Jones News. Additionally, the broker provides informative video content to traders through the Trading Central WebTV.
The broker also provides traders with an economic calendar and a TradingAnalysis Trading Indicator. From the look of things, Exness doesn’t have in-house content since its Analytics section hasn’t been updated for months now. Although the company has some of the best third party research and education content, an improved in-house research and education system can go a long way to improve its presence on the market.
- Forex News, Market News, Webinars and Web TV
- Trading Central
- Trade Ideas- Backtesting
- Economic Calender
- Newbie Trading Videos
- Learning center organize as Exness Academy
- Fundamental and Technical Analysis
- Trading Calculators, Insights and trading idea
Noteworthy Points
Exness guarantees low trading risks since it makes use of modern software and technologies. Additionally, traders are assured of maximum safety as well as speedy execution of orders; order execution occurs almost immediately.
The company offers over thirty ways of withdrawing and depositing cash. Importantly, most of its deposit and withdrawal systems are free. Exness also offers free VPS hosting and allows fast access to funds after a withdrawal request. Furthermore, the company regularly offers various bonuses and promotions to traders.
With its in-house webinars, this broker offers useful trading information to both beginner and experienced traders. Traders also have access to an insightful economic calendar and a resourceful TC.TechnicalAnalysis.
- Provides free VPS services
- A highly reputable broker
- Easy to use
Conclusion
Exness offers a broad range of Forex pairs to traders and is considered to be one of the most reliable Forex brokers in the industry. It offers some amazing spreads as well as unmatched leverage levels. Thanks to its reasonable pricing and straightforward trading conditions, more and more traders prefer it over other brokers. Their website is multi-language and is full of informative content. Exness’s popularity is increasing by the day. This is evident from the influx of traders reported every year.
Powerful features of the platforms bring the capability to trade effectively along with the secure environment and all trading styles accepted. Moreover, there are pleasant additions alike Trading Central services and free VPS hosting that rewards client even more, making all in all Exness as a good choice to consider for pleasant trading experience.
All brokers have its strengths as well as weaknesses. So it is more important that you have to know whether it is suitable for you, your trading strategies. For me, Exness broker is a reliable broker. It’s trading conditions are very good. Actually, professional traders like Exness more than beginners. Because Exness offers the best trading conditions for experts and they seldom offer bonuses as beginners like. Here are why Exness is good for trading.
Yet, we would be glad to know your personal opinion about Exness, you may share your experience in the comment area below, or ask us for some additional information if required.
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