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Exness Broker Review 2024

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Exness Broker Review 2024
Slippage rule Negative Balance Protection Exness VPS
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Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:Exness Group
Founded:Cyprus
Min Deposit:10
Max Leverage:2000
Headquarter:Cyprus
US Accepted:
About
Exness is a popular and reliable forex broker with more than 800,000 traders. The brokerage offers trading on MT4/5, Terminal, and proprietary app. You can trade Forex, commodities, stocks, indices and crypto CFDs on it.
Contact
1, Siafi Street, Porto Bello, Office 401 (Limassol)
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
Competitive spreads and commissions
Multi-regulated by reputable financial authorities
Wide range of trading instruments
Fast execution speeds and reliable trading platforms
Cons
Restricted at some countries
Not all trading instruments available on all account types
Limited educational resources for beginner traders

Exness, a global forex broker established in 2008 by Petr Valov and Igor Lychagov, has gained significant popularity among traders worldwide. The team behind this broker includes over 2,100 people from almost 100 countries. Valov serves as the chief executive officer of EXNESS Group, the company behind the broker. In this review, we are going to talk about its special features such as unlimited leverage and high revenue affiliate program.

Exness broker
A review on Exness features, tools, accounts, etc.

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:

Broker

Exness

Account Types

Standard, Standard Cent, pro, Raw Spread, Zero

Regulating Authorities

FSA, CySEC, FCA, FSCA, CBCS, FSC, CMA

Based Currencies

EUR, USD, GBP, CAD, AUD, and CHF

Minimum Deposit

$10

Deposit Methods

Neteller, Skrill, Perfect Money, Sticpay, Bank cards

Withdrawal Methods

Neteller, Skrill, Perfect Money, Sticpay, Bank cards

Minimum Order

0.01 lot

Maximum Leverage

Unlimited (Subject to account)

Investment Options

Copy trading, algorithmic trading

Trading Platforms & Apps

Exness Trade (mobile), Exness Terminal (web), MT4, MT5

Markets

Forex, indices, crypto, commodities, stock

Spread

From 0.0 to 0.8 pips

Commission

From $0.2 to USD 3.5

Orders Execution

Market Execution, Instant Execution

Margin Call/Stop Out

Margin Call from 30% to 60%

Stop Out 0%

Trading Features

Negative Balance Protection, Exness VPS, Slippage rule

Affiliate Program

Yes

Bonus & Promotions

No

Islamic Account

yes

PAMM Account

no

Customer Support Ways

Help Center, live chat, email, phone call

Customer Support Hours

24/7

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:

Account type

Standard

Standard Cent

Pro

Zero

Raw Spread

Spreads

From 0.2 pips

From 0.3 pips

From 0.1 pip

From 0.0 pips

From 0.0 pips

Commissions

None

None

none

From $0.05/lot

From $0.00/lot to USD 3.5/lot

Minimum deposit

$10

$10

$200

$200

$200

Leverage

Unlimited (Subject to conditions)

Unlimited (Subject to conditions)

Unlimited

Unlimited

Unlimited

Margin Call

60%

60%

30%

30%

30%

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:

Advantages

Disadvantages

Wide range of trading instruments

Limited educational resources for beginner traders

Competitive spreads and commissions

Not all trading instruments available on all account types

Fast execution speeds and reliable trading platforms

Restricted at some countries

Multi-regulated by reputable financial authorities

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"
Exness registration form
Fill in the details according to the provided screenshot.
  1. Choose your "country of residence"
  2. Provide your "email address" for registration
  3. Create a password according to the requirements
  4. Click "Partner code (optional)" if you want to register under a partner
  5. Check the box declaring that you are not a citizen or resident of the United States
  6. 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 Trading Platforms
Trading platforms and applications used with Exness.

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:

Type

Amount

Standard/Cent

None

Pro

None

Raw Spread

$0 to $3.5

Zero

From $0.05 per lot

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:

Type

Amount

Standard

From 0.2 pips

Standard Cent

From 0.3 pips

Pro

From 0.1 pips

Raw Spread

From 0.0 pips

Zero

From 0.0 pips

Deposit and Withdrawal Methods

Exness Deposits and Withdrawals
Deposit and Withdrawal methods available on Exness.

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 mobile app
  • 1 out of 5 on Trust Pilot 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

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

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 Support
Support services and customer care on Exness broker.

Exness provides comprehensive customer support in different languages and methods. Here's 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

In What Countries is Exness Restricted?

Exness restricted countries
List of countries that are restricted from the broker's services.

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 on TrustpilotExness has received decent reviews from Trustpilot users.

Exness score on Reviews.io
Exness has received a low score on REVIEWS.io from users.

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

In this article, we reviewed Exness Broker which has been operating since 16 years ago, now serving over 700,000 active users trading a monthly volume of over 4 trillion USD. This broker has obtained 8 licenses from trusted authorities, maintaining offices in 7 countries such as the UK, Cyprus, Kenya, Curaçao, Seychelles, British Virgin Islands and South Africa. Be aware that this broker does not use any channel or page in Telegram, Instagram, Signal, etc. for communication and its contact channels are only the ones that were discussed in this review.

FAQs
Is Exness a reliable broker?

Yes, Exness is regulated by several reputable financial authorities and has been operating since 2008, indicating a good level of reliability.

What is the minimum deposit for Exness?

The minimum deposit varies by account type, starting from as low as $10 for Standard accounts.

Does Exness offer negative balance protection?

Yes, Exness provides negative balance protection for retail clients in regulated jurisdictions.

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