Exness Review

Exness is a company you can find on the internet that helps people trade in financial markets. It started in 2008. Exness mainly deals with forex (currency) trading and CFDs (contracts for difference). You can also trade cryptocurrencies, stocks, indices (like the stock market index), and commodities (like gold or oil) with them. They are based in Limassol, Cyprus, and have over 400,000 active customers. They also have more than 2,000 workers in Asia and Europe. Exness follows rules from different places around the world to make sure they are safe and honest.

One thing that makes Exness stand out is they try to keep the costs low for their customers. They do this by offering small differences between buying and selling prices (tight spreads) and no hidden fees. Exness gives different kinds of accounts for different kinds of traders. Some have changing spreads and don’t charge a fee for each trade. Others have even lower spreads but charge a fee for each trade.

Fees

Exness has fees that are higher than usual for some things, but it’s also got really good prices if you’re trading a lot. If you trade shares, you don’t pay much in fees and the extra costs are small. Plus, Exness lets you trade without swap fees on certain things, which makes it even cheaper. That’s why Exness works well for traders who want to make quick trades or hold onto their investments for a while. And if you’re trading stocks, cryptocurrency, indices, gold, or certain currencies, you might not pay swap fees at all, depending on your account setup.

Pros and Cons

Spreads

The spreads at Exness can change because they go up and down a bit. How big the spread is depends on how easy it is to buy and sell things in the market. This is called liquidity. When there’s a lot of liquidity, traders usually see smaller spreads. For the Standard Cent Account, spreads start at 0.3 pips, and there’s no commission on the amount you trade. That means every trade is counted in cents. The Standard account has tight spreads starting from 0.1 pips, and that’s what it costs.

Exness Regulation and Security

Exness follows regulation set by two big groups – the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA) of Seychelles. They watch closely to make sure everything is done right in the financial world.

Is Exness Legit and Safe?

Using a regulated broker like Exness helps avoid scams and bad practices. We suggest traders check the rules and make sure the broker is legit by looking at their license and matching it with the regulator’s database. Exness has eight regulated groups and keeps trading safe. Also, we appreciate that Exness gives clients a safety net through the Financial Commission in Hong Kong. This group helps settle disagreements in the Forex market. They cover claims up to €20,000.

Leverage

People like trading in forex and CFD markets because they can use something called leverage. Leverage means using borrowed money to make bigger trades than you could with just your own cash. At Exness, they default to 1:2000 leverage, which is a lot. This means if you have $1,000 in your account, you can control trades worth up to $2,000,000. But be careful – leverage can help you make more money, but it can also make you lose more. Sometimes at Exness, they offer unlimited leverage. You can get this if your account has less than $1,000 and you’ve closed at least ten trades and five lots across all your accounts.

Deposits and Withdrawals

Exness doesn’t charge fees for depositing or withdrawing money. When you ask to take out money, it usually happens fast, within seconds if it’s to an e-wallet. But sometimes it might take up to 24 hours. If you withdraw to a bank, it could take up to three business days, and for credit or debit cards, it could be up to five days.

Your name on your payment account and your Exness account has to be the same. If you use different payment accounts to put money in, you have to take money out in the same proportions.

For example, if you put in $700 with a debit card and $300 with Skrill, you have to take out 70% of your profits using the debit card and 30% using Skrill. Exness suggests the best payment methods based on where you live and how easy it is to withdraw money using Exness.

Awards

In the past, Exness had only a few awards. But now, the company is growing fast and winning lots of awards. These awards recognize its success in areas like making customers happy, using trading technology, and overall performance. Exness also gets involved in social activities. It sponsors different organizations and even sponsors top teams and players like Real Madrid and Cristiano Ronaldo.

Account Types

Exness has five different types of accounts, along with a demo account for practice. The first two, Exness Standard and Exness Standard Cent, don’t charge any extra fees. They’re great for people who are new to trading or just want to trade casually. If your account’s balance gets too low, there’s a margin call level set at 60%. The smallest amount you can trade is 0.1 lots or cent lots, depending on the account type. With the Exness Standard Cent account, you can try out new trading strategies, Expert Advisors (EAs), and signal providers. You only need a minimum deposit of $10, or however much your payment processor requires. Exness says that 80% of their clients choose the Exness Standard account.

For more experienced traders who want more options, there are three other accounts: Exness Pro, Exness Zero, and Exness Raw Spread. These accounts charge a commission. They have a lower margin call level of 30%, and the minimum trade size is also 0.1 lots. To get started, you need to deposit at least $200, which is quite low compared to other similar accounts in the market.

Base Currencies

You can choose from a variety of currencies to use as your account’s base currency. Some of the options include the United Arab Emirates Dirham (AED), Australian Dollar (AUD), Euro (EUR), and United States Dollar (USD), among others.

Trading Platforms

Exness Terminal Web Platform

The Exness Terminal has an easy-to-use interface and favorite features like watchlists, one-click trading, and trading directly from the chart. It also has special features like a sentiment indicator that shows the percentage of recent buy and sell orders made by traders.

You can choose from different types of orders like market orders and pending orders (like buy limit, buy stop, sell limit, sell stop, buy stop limit, sell stop limit, take profit, and stop loss). However, you can’t use trailing stop or time-in-force orders (like GTC).

The platform includes advanced charts from TradingView with:

• 88 technical indicators (like Accumulative Swing Index and Zig Zag indicator).
• 32 drawing tools (including Fibonacci retracement and Pitchforks).
• 14 time frames (from 1-minute to monthly charts).
• 11 chart types (from Japanese candlesticks to Renko charts).

Exness Trade App

The Exness Trade app is available for iOS and Android and gives you access to over 200 instruments. It’s designed to be easy for beginners to use. You can make instant deposits and withdrawals and get 24/7 customer support through the app.

In the app, you can use two chart types (line and candle) and choose from seven timeframes (M1, M5, M15, M30, H1, H4, D1). It also includes classic indicators like Moving averages, Bollinger Bands, and Parabolic SAR. Order types in the app include market orders and pending orders, like limit orders and stop loss orders. You’ll also find an economic calendar, market news, and trade ideas from Trading Central.

MetaTrader 4&5

Exness provides the popular MetaTrader 4 and MetaTrader 5 platforms for desktop. These platforms have advanced features like copy trading and automated trading. Both MT4 and MT5 work on all devices including PC and MAC. You can choose which platform you prefer to use. It’s worth mentioning that each account supports both platforms, so you can use both at the same time.

Customer Service

Customer service at Exness is all about putting you first. They make trading comfortable and easy, with support available in 13 languages, 24 hours a day, 5 days a week. If you need help in English or Chinese, you can get support 24/7. When you have questions or issues, the online chat is the best way to reach out. The Help Center covers common questions, but for anything else, live chat is the quickest option. Plus, they offer phone support for emergencies, which we think is great.

Our View

Exness is a broker regulated by different authorities. It has changed its rules and entities over time. Exness has been praised for its achievements and high standards. It offers Mini and Standard accounts for traders of all sizes. It provides education and technical support through MT4 or MT5 platforms. However, it’s important to check conditions thoroughly because they differ depending on location, and international trading may not offer the same level of safety as top-tier regulated brokers. European clients cannot currently sign up with Exness, so it’s advisable to choose a European broker like HFM instead.

Frequently Asked Questions

What does Exness do?

Exness started in 2008. It’s a company that lets you trade currencies, cryptocurrencies, stocks, indices, and commodities. It has lots of customers and employees in Asia and Europe.

Where is Exness?

Exness is in Limassol, Cyprus.

Is Exness a trusted broker?

Yes, Exness is trusted. It’s safe to trade with them because they follow the rules, and they have strong security.

What’s the smallest amount I can deposit with Exness?

You can deposit at least $10 if you have an account without commissions. If you choose an account with commissions, you’ll need at least $200.

What’s the average spread at Exness?

On average, the spread at Exness is 0.2 pips.

What are the downsides of trading with Exness?

The educational resources at Exness are only available in English.

Do I have to pay to withdraw money from Exness?

No, Exness doesn’t charge for withdrawals.

How can I start trading with Exness?

• Log in to your Exness account.
• Choose the trading platform.
• Pick the currency pair you want to trade.
• Decide how much you want to trade and the leverage.
• Decide if you want to buy or sell the currency pair.

What trading platforms does Exness have?

Exness provides these trading platforms: Exness Trade, Exness Terminal, MetaTrader 4, MetaTrader 5, MultiTerminal, and WebTerminal. You can compare these platforms to see which one suits you best.

Does Exness do social trading?

Yes, Exness offers social trading. With the Exness Social Trading app, you can see a list of current and profitable investment strategies to copy.

Is Exness regulated?

Yes, Exness is regulated by different authorities including the FCA (United Kingdom), CySEC (Cyprus), FSCA (South Africa), FSA (Seychelles), CBCS (Curaçao and Sint Maarten), FSC (Mauritius), and FSC (BVI).

How long does it take to withdraw money from Exness?

When you request a withdrawal from Exness, they process it instantly. However, it may take 1 to 30 business days for the funds to appear in your bank account. The time depends on your bank and country.

Does Exness provide VPS?

Yes, Exness offers a free VPS service. With an Exness VPS, you can trade 24/7 without needing to keep your trading platform open. Your strategies can run continuously.

Does Exness have an affiliate program?

Yes, Exness offers an affiliate program. By signing up as an affiliate, you can drive traffic to Exness’ trading platform and earn commissions for every user who becomes an active client.