Exness Broker Review 2024

Exness is a global forex broker established in 2008 by Petr Valov and Igor Lychagov. The team behind this brokerage includes over 2,100 people from almost 100 countries. Valov serves as the chief executive officer of EXNESS Group, the company behind the broker.

Exness broker charges commissions starting from $0.2 up to $3.5 for trading. The spreads vary from zero up to 0.8 pips.

Exness Forex Broker - Everything To Know & Regulation

Exness is a well-established and reputable forex broker that has been operating since 2008. This broker is regulated by some of the most reputable financial authorities, such as:

• Financial Sector Conduct Authority (FSCA) in South Africa
• Financial Conduct Authority (FCA) in the UK
• Cyprus Securities and Exchange Commission (CySEC)
• Financial Services Authority (FSA) in Seychelles

This multi-jurisdictional regulation ensures robust safety and compliance standards for traders.

Also, this broker offers a diverse selection of trading instruments, including:

• Over 90 forex pairs
• Cryptocurrencies
• Commodities
• Indices
• Stocks

One of the standout features here is its competitive trading costs, particularly through its Raw Spreads account. Traders benefit from no inactivity fees and no charges for deposits or withdrawals, making it an attractive option for both active and occasional traders.

Specifications

The broker positions itself as a leading global retail forex market maker, providing professional liquidity solutions to its clients. Here are some key specifications of the Exness forex broker:

Account Types

Exness offers several account types so that traders with different preferences could find the answer to their needs there. Account types include:

• Standard: designed for beginners and intermediate traders who prefer simplicity
• Standard Cent: perfect for beginners or those who prefer to trade with smaller amounts
• Pro: tailored for experienced and professional traders, offering flexibility for any trading style
• Zero: offers zero spreads during 95% of the day, making it ideal for high-frequency traders and scalpers
• Raw Spread: more suited to experienced traders who look for ultra-low, stable spreads

At the table below, we have an overview of each account's specifics:

Advantages and Disadvantages

When we are choosing among a list of suitable brokers, considering the pros and cons of each one is really important. Let's examine the positive and negative points of trading with Exness:

Registration and Verification

Before anything, you should open your own account on Exness. At the next part, we have prepared a step-by-step guide for creating an account.

How to Open an Account

1. Visit the [Exness.com] website and click on "Register"

2. Choose your "country of residence"
3. Provide your "email address" for registration
4. Create a password according to the requirements
5. Click "Partner code (optional)" if you want to register under a partner
6. Check the box declaring that you are not a citizen or resident of the United States
7. Click continue

After this, you have registered your account on the broker and will be facing the "Exness WebTerminal" that will be discussed later on.

How to Verify the Account

After the first stage of registration, you have to complete your profile to verify. Afterwards, upload the necessary documents for verification.

Applications and Trading Platforms

Exness offers a variety of trading platforms to suit different trader preferences. You can choose one based on your needs.

• MetaTrader 4 (MT4): A popular platform known for its user-friendly interface and extensive technical analysis tools
• MetaTrader 5 (MT5): An advanced version of "MT4" with additional features and asset classes
• MultiTerminal: A trading platform on windows, suitable for managing multiple trading accounts
• WebTerminal: A web-based platform that requires no installation for trading instruments on Exness
• Exness Trade: Available for both iOS and Android devices, allowing traders to manage their accounts on the go

Commissions and Spreads

Exness offers competitive trading costs across its various account types. In the next parts, we will discuss this topic in these 2 categories:

• Commissions and fees
• Spreads

Commissions and Fees

Commission structures vary depending on the account type. Here, we will take a brief look at the commission for every account type:

Exness does not charge any deposit, withdrawal, or inactivity fees. The only non-trading fee is a currency conversion fee when applicable.

Spreads

Just like commissions, spreads vary across account types in the mentioned broker. Spreads table for accounts:

Deposit and Withdrawal Methods

Exness offers a wide range of deposit and withdrawal options to cater to traders worldwide:

• Perfect Money
• Skrill
• Neteller
• Bank card

You will read more details about each option in the following sections.

Perfect Money

Perfect Money is a popular e-wallet option for Exness traders. Key points:

• Instant deposits and withdrawals
• No fees charged by the broker (third-party fees may apply)
• Supported in multiple currencies
• Minimum deposit $10

Skrill

Skrill offers several benefits for Exness traders:

• Fast and secure money transfers (Maximum withdrawal up to 1 day)
• 24/7 access through the mobile app
• 2.7 out of 5 on Trustpilot website
• Instant deposits to Exness trading accounts
• Minimum deposit $10

Neteller

Neteller is another popular e-wallet option that comes with attractive features such as:

• Instant deposits and fast withdrawals with $10 minimum deposit
• Up to 50000 USD per transaction for deposit
• Secure transactions with advanced encryption
• Minimum withdrawal of $4
• Only available in EUR and USD

Bank Card

The mentioned broker supports bank card payments (Visa/Mastercard). Main features of this option:

• No fees charged by Exness (bank fees may apply)
• Widely accessible payment method
• Fast processing
• Minimum deposit of $10

Copy Trade and Investment Options

Exness offers a Social Trading service, allowing investors to copy the strategies of experienced traders. Here's a brief guide on how to start using Social Trading on this broker:

• Download the Exness Social Trading app
• Create an account and deposit funds into your "Investment Wallet"
• Browse available strategies, reviewing details like return, risk score, and commission rate
• Select a strategy to copy and invest your desired amount
• Trades are automatically copied from the strategy provider's account to yours

Investors pay a commission fee to strategy providers based on a percentage of profits. This service provides an excellent opportunity for novice traders to learn from experienced professionals.

Which Markets and Symbols are Available for Trading?

These days, you can trade many assets and instruments from different markets on most brokers. Exness is not an exception here. It offers a wide range of tradable instruments across various markets:

• Forex: Over 90 currency pairs, including majors, minors, and exotics
• Cryptocurrencies: Bitcoin, Ethereum, Litecoin, and more
• Commodities: Gold, silver, oil, natural gas, and others
• Indices: Major global stock indices
• Stocks: CFDs on popular international stocks

Bonus and Promotions

Exness does not offer traditional sign-up bonuses or deposit bonuses. However, they do provide:

• Referral bonus up to 50% of the broker's revenue through the Introducing Broker (IB) program
• Affiliate Program offering up to $1,850 for each referred client
• Occasional rewards based on specific campaign conditions

This approach aligns with Exness's commitment to transparency and fairness in trading conditions.

How is Support and Customer Services in Exness?

Exness provides comprehensive customer support in different languages and through different methods. Here are some of its significant features:

• 24/7 customer support through live chat, email, and phone
• Multi-lingual support team
• Dedicated account managers for Pro account holders
• Extensive FAQ section and help center
• Positive reviews about the customer services

In What Countries is Exness Restricted?

While Exness is a global broker, it is restricted in certain jurisdictions due to regulatory requirements, or the broker itself does not offer service to the residents of those countries. Before trying to open an account on this paltform's website, you should check if your country is in the list here:

• Greece
• Hungary
• France
• Iran
• Iraq
• Syria
• Yemen
• New Zealand
• Canada
• Australia
• Vanuatu
• Israel
• Russia

Leverage and Margin: Numbers and Conditions

Exness offers competitive leverage options. If you are using MT4 or MT5 for trading on the broker, at specific conditions you can have unlimited leverage for your account. Unlimited leverage conditions:

• Your trading account balance (equity) needs to be under 1,000 USD.
• You'll need to close at least 10 real trades (excluding pending orders) across all your accounts in your Personal Area (PA). Each trade must be for a minimum of 5 lots (or 500 cent lots)

If you trade on a "Standard" or "Standard Cent" account, the margin call will be 60%. On the other accounts, it is 30%.

How do the Trust Scores Look on Reliable Websites?

Exness has received excellent trust scores from 2 of the top review websites:

• Trustpilot: 4.8 out of 5

Exness has received decent reviews from Trustpilot users.

• Reviews.io: 2.5 out of 5

People have pointed out the fast support, vast range of tools and transparency as some of the significant strengths of this broker.

Overall, the broker has been successful in attracting users' positive reviews.

Education Content and Tools

Exness provides educational resources for traders:

• Blog with educational articles and posts
• Youtube tutorials and guides
• Market analysis and daily news updates
• Economic calendar
• Demo accounts for practice trading

While this broker offers these resources, some reviews suggest that the educational content could be expanded to compete with top-tier brokers in the industry.

TF Expert Suggestions

Currently, Exness is serving over 700,000 users, trading a monthly volume of over 4 trillion USD. This broker has obtained 8 licenses from trusted authorities [FSA, CySEC, FCA, FSCA, CBCS, FSC, CMA].

Also, the company maintains offices in 7 countries such as the UK, Cyprus, Kenya, Curaçao, Seychelles, British Virgin Islands and South Africa.