Exness Broker Review

Is Exness a scam?

Exness is an online trading platform that provides access to the global financial markets for traders around the world. As a financial services provider, Exness is subject to regulation by the financial regulatory authorities in the jurisdictions where it operates. Here’s a brief overview of Exness’ regulation and safety measures:

Regulation: Exness is regulated by multiple financial regulatory authorities, including:

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

These regulatory authorities ensure that Exness adheres to strict standards and guidelines, including segregation of client funds, minimum capital requirements, and regular financial reporting, to ensure the safety and security of its clients’ funds.

Safety: Exness employs multiple security measures to ensure the safety of its clients’ funds, including:

Segregation of Client Funds: Client funds are kept separate from the company’s funds in segregated accounts with reputable banks.
SSL Encryption: All transactions on Exness’ platform are encrypted using SSL (Secure Socket Layer) technology, which ensures that all data transmitted between clients and the platform is secure and protected.
Two-factor authentication: Exness offers two-factor authentication for all clients to ensure that only authorized individuals can access their accounts.
Anti-Money Laundering (AML) and Know-Your-Customer (KYC) Policies: Exness has strict AML and KYC policies in place to prevent money laundering and to ensure that clients are verified before being allowed to trade on the platform.

Overall, Exness is a reputable online trading platform that is regulated by multiple financial regulatory authorities, and it employs various safety measures to ensure the security of its clients’ funds.

Best Forex Brokers Ranking

Rank	Broker	Open Account	Bonus	Platform	Minimum Deposit	ECN
1	Exness	Open Exness account	16$/lot	MT4, MT5, Exness, ...	1$	10$
2	IC Markets	Open IC Markets account	-	MT4, MT5, cTrader	200$	200$
3	XM	Open XM account	30$	MT4, MT5	5$	-
4	XTB	Open XTB account	2000$	MT4, xStation 5	1$	1$
5	FBS	Open FBS account	140$	MT4, MT5, FBS Trader	1$	1000$

Enxess Trading Platforms

Exness offers two main trading platforms for its clients: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are popular among traders around the world and offer a range of trading tools and features. Here’s a brief overview of both trading platforms:

MetaTrader 4 (MT4): MT4 is a popular trading platform that offers advanced charting capabilities, technical analysis tools, and automated trading options through Expert Advisors (EAs). MT4 is known for its user-friendly interface and ease of use, making it a popular choice among beginner and experienced traders alike. It also offers a range of order types and execution modes, allowing traders to execute their trades quickly and efficiently.
MetaTrader 5 (MT5): MT5 is an upgraded version of MT4, offering additional features and tools to traders. MT5 offers more advanced charting options, including the ability to view multiple timeframes on the same chart, as well as the ability to trade more asset classes, including stocks and futures. MT5 also offers improved order execution and risk management features, making it a powerful trading platform for more experienced traders.

Both MT4 and MT5 are available on desktop and mobile devices, allowing traders to access the platform and trade on-the-go. Exness also offers a web-based version of both platforms, which can be accessed through a web browser without the need to download any software.

Overall, Exness’ trading platforms offer a range of trading tools and features to help traders make informed trading decisions. The platforms are reliable, secure, and easy to use, making them a popular choice among traders around the world.

Products Exness provides

Exness provides access to a wide range of financial instruments, including:

Forex: Exness offers a variety of currency pairs for trading, including major, minor, and exotic pairs.
Commodities: Exness provides access to a range of commodities, including precious metals such as gold and silver, and energy products such as crude oil and natural gas.
Indices: Exness offers a selection of global stock indices, including the S&P 500, NASDAQ, and FTSE 100.
Cryptocurrencies: Exness allows traders to trade popular cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin.
Stocks: Exness offers CFDs (contracts for difference) on a range of popular stocks, including Amazon, Apple, and Microsoft.
Futures: Exness provides access to a range of futures contracts, including gold, silver, and crude oil futures.

Overall, Exness provides a wide range of financial instruments for traders to choose from, allowing them to diversify their trading portfolios and take advantage of opportunities in different markets.

Exness account types

Exness offers a variety of account types to cater to the needs of different traders, including:

Standard Accounts: This account type is suitable for beginner traders who want to start trading with low minimum deposits and tight spreads. The minimum deposit for a Standard Account is $1, and it offers variable spreads starting from 0.3 pips.
Pro Accounts: This account type is designed for professional traders who require lower spreads and commission-based trading. The minimum deposit for a Pro Account is $200, and it offers variable spreads starting from 0.0 pips with a commission of $3.5 per lot traded.
Raw Spread Accounts: This account type is suitable for traders who require the tightest spreads possible. The minimum deposit for a Raw Spread Account is $500, and it offers spreads starting from 0.0 pips with a commission of $3.5 per lot traded.
Zero Accounts: This account type is suitable for traders who want to trade without any spread markup. The minimum deposit for a Zero Account is $200, and it offers spreads starting from 0.0 pips with a commission of $3.5 per lot traded.
Islamic Accounts: Exness offers Islamic Accounts for traders who require swap-free trading in accordance with Islamic finance principles. Islamic Accounts are available for all account types.

All account types provide access to the same range of trading instruments and trading platforms, including MetaTrader 4 and MetaTrader 5. Exness also offers a free demo account for traders to practice their trading strategies and test the trading platforms without risking any real money.

Exness trading fees

Exness offers competitive trading fees for its clients, which vary depending on the account type and trading instrument. Here’s a breakdown of the trading fees:

Spreads: Exness charges spreads on its forex, commodities, and indices trading instruments. Spreads vary depending on the account type and trading instrument, but they generally start from as low as 0.0 pips on some account types.
Commission: Exness charges a commission on its Pro, Raw Spread, and Zero account types. The commission fee starts at $3.5 per lot traded, and it varies depending on the trading instrument.
Swap: Eliminated swap fees for most of our instruments, including majors, stocks, crypto, and gold.
Inactivity Fee: No, Exness does not charge an Inactivity Fee for trading accounts.

It’s important to note that trading fees can have a significant impact on trading profitability, so traders should consider the trading fees when selecting an account type and trading instrument. However, Exness’ fees are generally competitive compared to other brokers in the industry. Additionally, Exness offers a range of account types to suit different trading needs, which may include lower spreads or commission-based trading.

Exness Deposit and Withdrawal Options

Exness offers a range of funding and withdrawal options for its clients, including:

Deposit Options: Exness supports various deposit options, including bank transfer, credit/debit cards, electronic wallets (e-wallets), and cryptocurrencies. The availability of deposit options may depend on the client’s country of residence.
Withdrawal Options: Exness allows clients to withdraw their funds using the same payment method that they used to deposit funds. The withdrawal options include bank transfer, credit/debit cards, electronic wallets (e-wallets), and cryptocurrencies.
Fees: Exness does not charge any fees for deposits or withdrawals, although clients may be subject to fees charged by the payment provider or intermediary bank. It’s important to check with your payment provider to confirm if they charge any fees for transactions.
Processing Time: Deposits are generally processed instantly, with the exception of bank transfers which may take up to 3-5 business days to be processed. Withdrawals are processed within 1 business day, although the processing time may depend on the payment method and the client’s bank or payment provider.

It’s important to note that Exness may require clients to verify their accounts before they can make deposits or withdrawals. The verification process typically involves submitting identity and address documents to the broker for review.

Overall, Exness provides a range of convenient and flexible funding and withdrawal options, with no fees charged by the broker. The processing times for deposits and withdrawals are generally fast, although they may vary depending on the payment method and the client’s bank or payment provider.

Exness’ promotions

Exness offers various promotions and bonuses to its clients from time to time. Here are some of the most common promotions offered by Exness:

Deposit Bonuses: Exness offers deposit bonuses to its clients on their first deposit or subsequent deposits. The bonus amount varies based on the deposit amount and the terms and conditions of the promotion.
Cashback Program: Exness offers a cashback program to its clients, which allows them to earn cashback on their trading volume. The cashback amount depends on the trading volume and the terms and conditions of the promotion.
Trading Contests: Exness organizes trading contests for its clients, where traders can compete with each other to win prizes. The contests vary in terms of the prize amount, duration, and trading conditions.
Free VPS: Exness offers free VPS hosting to its clients who meet certain trading volume requirements. The VPS allows traders to run their trading strategies 24/7 without interruption.

It is important to note that the terms and conditions of each promotion may vary, and traders should read them carefully before participating. Additionally, some promotions may not be available in certain countries or regions due to regulatory restrictions.

Customer support

Exness provides customer support to its clients through a variety of channels, including:

Live Chat: Exness offers 24/7 live chat support on its website, which allows clients to get quick and convenient assistance with their queries.
Email Support: Clients can also contact Exness’ support team via email. The support team generally responds within 24 hours.
Phone Support: Exness provides phone support to its clients through local phone numbers in various countries. Clients can find the phone numbers on Exness’ website.
FAQs: Exness has an extensive FAQ section on its website, which covers a range of topics, including account registration, trading platforms, and trading instruments.
Social Media: Exness has a presence on various social media platforms, including Facebook, Twitter, and Instagram, where clients can engage with the company and get updates on news and events.

Overall, Exness provides multiple channels for customer support, which ensures that clients can get assistance in a way that’s most convenient for them. The support team is generally responsive and helpful, which is essential for traders who need prompt assistance with their trading activities.

Exness Educational Resources

Exness provides a range of educational resources to help traders improve their trading skills and knowledge, including:

Trading Guides: Exness offers a range of free trading guides on its website, covering topics such as technical analysis, trading strategies, and risk management.
Video Tutorials: Exness also provides video tutorials on its website, covering various topics related to trading, including how to use trading platforms and how to analyze market trends.
Webinars: Exness hosts regular webinars on various topics related to trading, which are available to both clients and non-clients. The webinars are conducted by industry experts and cover topics such as fundamental analysis, trading psychology, and risk management.
Trading Calculator: Exness offers a free trading calculator on its website, which allows traders to calculate important metrics such as pip value, margin, and profit/loss.
Glossary: Exness provides a comprehensive glossary of trading terms on its website, which can help traders understand the terminology used in the trading industry.

Overall, Exness provides a range of educational resources that can be useful for traders of all levels of experience. The resources are easy to access and are available for free, which makes them a valuable tool for traders who want to improve their trading skills and knowledge.

Pros and cons of Exness

Here are some pros and cons of trading with Exness:

Pros:

Competitive Trading Conditions: Exness offers competitive trading conditions, including low spreads, fast execution speeds, and a wide range of trading instruments.
Multiple Account Types: Exness provides a range of account types that cater to different trading needs, including commission-free accounts and accounts with low commission and tight spreads.
Regulated Broker: Exness is regulated by reputable financial authorities, including the FCA and CySEC, which provides a level of trust and security for clients.
User-Friendly Trading Platforms: Exness’ trading platforms, including MetaTrader 4 and MetaTrader 5, are user-friendly and offer advanced features for both novice and experienced traders.
Reliable Customer Support: Exness provides 24/7 customer support through various channels, including live chat, email, and phone, with multilingual support available.

Cons:

Limited Educational Resources: Exness’ educational resources are limited, which may not be sufficient for traders who require more in-depth educational materials.
Limited Research Tools: Exness’ research tools are limited compared to other brokers, which may be a drawback for traders who rely heavily on research in their trading strategies.

Overall, Exness is a well-regulated broker that offers competitive trading conditions and user-friendly trading platforms. However, its limited educational and research resources, funding options, and promotions may be a drawback for some traders. It’s important to do your own research and due diligence before deciding if Exness is the right broker for your trading needs and preferences.

Frequently asked questions about Exness

Is Exness a regulated broker?

Yes, Exness is a regulated broker. It is authorized and regulated by top-tier financial regulators, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and the Financial Services Commission (FSCA) in South Africa.

What trading platforms does Exness offer?

Exness offers the MetaTrader 4 and MetaTrader 5 platforms, as well as a WebTerminal and mobile trading apps for iOS and Android devices.

What types of accounts does Exness offer?

Exness offers several types of accounts, including Standard, Pro, Raw Spread, and Zero accounts. Each account type has different trading conditions and features.

What is the minimum deposit required to open an account with Exness?

The minimum deposit required to open an account with Exness varies depending on the account type. The minimum deposit for a Standard account is $1, while the minimum deposit for a Raw Spread account is $200.

Does Exness charge any commissions on trades?

Exness charges commissions on some account types, such as the Raw Spread and Zero accounts. The commission amount varies depending on the instrument traded and the account type.

Does Exness offer demo accounts?

Yes, Exness offers demo accounts that traders can use to practice trading with virtual funds before investing real money.

What payment methods does Exness support?

Exness supports various payment methods, including bank transfer, credit/debit cards, e-wallets such as Skrill and Neteller, and local payment methods in certain countries.

What customer support options are available at Exness?

Exness offers customer support through live chat, email, and phone. They also have a comprehensive FAQ section on their website and educational resources to help traders improve their skills.

Does Exness offer any promotions or bonuses?

Yes, Exness offers various promotions and bonuses to its clients, such as deposit bonuses, cashback programs, trading contests, and referral programs.