Exness Broker Review - Everything you should know

Exness is a globally recognised online broker offering a diverse range of trading instruments across various asset classes. Founded in 2008, Exness boasts a monthly trading volume exceeding $4 trillion, making it arguably the largest retail broker by trading volume worldwide. 

This broker caters to a wide spectrum of traders by offering five different trading accounts to fit different trader profiles. Further, this broker is popular for its robust regulatory framework in various jurisdictions. In this Exness broker review, we will explore everything you should know about this broker. We will explore its trading platforms, market offerings, regulations, fees, and other important aspects.

Basic Information About Exness

• Website Address: Exness.com
• Instruments: CFDs on forex, indices, commodities, cryptocurrencies, and stocks.
• Minimum Deposit: $10 (For Standard Accounts). Wide selection of account base currencies.
• Demo Account: Yes, with $10,000 in virtual funds.
• Trading Platforms: MetaTrader 4, MetaTrader 5, Exness Terminal, and Mobile Apps.
• Deposit and Withdrawal Methods: Wire Transfers, Skrill, Neteller, Credit and Debit cards, Crypto and Mobile Money e.g. M-Pesa.

Trading Platforms on Exness

One of Exness' standout features is its collection of market-standard trading platforms. The broker offers three main trading platforms which include MetaTrader 4, MetaTrader 5, and its proprietary Exness Terminal. These platforms are available on desktop, web, and mobile devices, offering flexibility and convenience.

MetaTrader 4 is widely popular among traders. It offers traders a user-friendly interface, extensive charting tools, and support for automated trading through Expert Advisors (EAs). With 30 built-in technical indicators and 23 analytical objects, MetaTrader 4 has an arsenal of analytical tools to support traders. Meanwhile, MetaTrader 5 is the successor to MetaTrader 4 and offers additional features to traders. It offers more advanced charting capabilities, a wider range of technical indicators, and improved backtesting functionalities.

Further, Exness offers its own platform, Exness Terminal, which is accessible via the web. This platform also offers a ton of advanced functionalities including one-click trading, a watchlist, and a portfolio area to manage orders. 

Positively, Exness offers mobile apps for MetaTrader 4 and MetaTrader 5, as well as its own Exness Trader app for trading on the move. Additionally, MetaTrader 4 and MetaTrader 5 are also available over the web, allowing traders to place orders without needing to download the desktop apps. Additionally, Exness offers some of the fastest order execution speeds with most orders executed in milliseconds on all its trading platforms.

Trading Instruments Available on Exness

Exness offers a diverse selection of trading instruments across various asset classes, allowing traders to diversify their portfolios. It offers its traders over 250 different trading instruments available to speculate on which are all CFDs. The key asset classes available include:

• Forex - Exness allows its clients to trade over 100 currency pairs, including major pairs like EUR/USD, AUD/USD, and GBP/USD, alongside a diverse selection of minor and exotic pairs.
• Indices - With Exness, traders gain exposure to a variety of indices, including the US Tech 100, Dow Jones, and S&P 500.
• Stocks - Further, Exness offers access to a diverse selection of stocks from leading global companies. These include tech giants like Google, Amazon, Tesla, Alibaba, and Intel, among many others.
• Energies - On the Exness broker site, traders can speculate on price movements of energy commodities like Crude Brent, Crude Oil, and Natural Gas.
• Cryptocurrencies - Finally, Exness clients enjoy 24/7 trading on popular cryptocurrencies, including Bitcoin, Binance Coin, and Dogecoin.

2 Standard and 3 Pro Accounts at Exness

Exness is known for its competitive trading conditions across its wide range of trading accounts. There are five different trading accounts on Exness which include two standard accounts and three professional accounts. Particularly, the standard accounts include the Standard account and the Standard Cent account. On the other hand, the professional accounts include the Pro account, the Zero account, and the Raw Spread account.

Spreads on the Standard account start from as low as 0.2 pips for major currency pairs with no commission charged. Similarly, the Standard Cent account on Exness offers commission-free trading with low spreads from 0.3 pips for major currency pairs. The minimum deposit to open a Standard or a Standard Cent account is $10, which is accessible to most traders.

In contrast, opening any of the three professional accounts on Exness requires a minimum deposit of at least $200*. These accounts offer improved trading conditions including ultra-tight spreads. The Pro account has a spread that starts from as low as 0.1 pips for major currency pairs with no commission charged. Meanwhile, the Zero account has spreads from 0.0 pips on the top 30 instruments plus a commission starting at $0.05 per side per lot. Finally, the Raw Spread account offers spreads from 0.0 pips with a commission of up to $3.5 per side per lot.

Importantly, Exness offers swap-free trading on gold and cryptocurrencies across all its accounts. Swap-free trading is also available on a limited number of assets for traders in non-Islamic countries. It is mostly available to people who trade mostly during the day and don’t regularly leave large positions open overnight. All accounts opened in Islamic nations are granted swap-free status on Exness automatically.

Remember that Forex and CFDs available at Exness are leveraged products.
Their trading can result in the loss of your entire capital.

Exness Instant Deposits and Withdrawals

Exness offers a seamless and efficient experience when it comes to deposits and withdrawals. This broker offers instant deposit and withdrawal, making it a preferred choice among forex traders who value quick access to funds. Exness ensures that most transactions are completed without manual intervention, reducing delays. 

Exness credits traders' accounts instantly, allowing them to capitalise on market opportunities without delay. Withdrawals are equally impressive, with 95% of requests completed within 1 minute. Please note that while Exness strives for instant processing, the actual time it takes for transactions to complete may depend on the processing times of the payment provider. The broker supports a variety of payment methods, including Wire Transfers, Skrill, Neteller, Credit and Debit cards, Crypto and Mobile Money (e.g. M-Pesa, Airtel Money, and MTN Mobile Money.)

Exness Social Trading

Exness Social Trading allows traders to access financial markets by following and replicating the strategies of other investors of their choosing. This feature benefits traders of all experience levels. For trading newcomers, they can leverage the expertise of seasoned investors, allowing them to learn while potentially gaining some returns. Additionally, traders with limited time can still invest in financial markets by automatically copying the trades of active and experienced investors. In such a case, they can save time they would otherwise spend analysing charts and market trends. 

Further, experienced traders can benefit from the platform as strategy providers. They can monetise their expertise by setting commission rates of up to 50%. This can earn them extra income from their trading knowledge and skills. Positively, Exness enhances transparency by providing a leaderboard that displays the performance of various traders. Users can review detailed metrics such as track records, risk levels, and profitability to decide which traders to follow.

Exness offers traders two primary social trading accounts which include the Exness Social Standard and the Social Pro accounts. The Social Standard account requires a minimum deposit of $200 and offers spreads starting from 1.0 pips on major currency pairs, with no commission fees. In contrast, the Social Pro account requires a larger minimum deposit of $2,000 but features tighter spreads from 0.6 pips, also with no commission. Swap-free options are available for Muslim traders. 

Please note that the minimum deposit for social trading accounts may vary depending on the country of residence of a trader.

Exness Demo Account

Deme accounts are some of the most valuable tools in forex trading. Both aspiring traders and professional traders alike can find value in these accounts. For new traders, a demo account allows them to experience online trading in a virtual environment without risking their own money. More experienced traders can test out trading strategies in this virtual environment before using them in the real market. Additionally, it allows traders at all levels to familiarise themselves with the Exness broker site before investing with them.

Exness provides a valuable trading demo account with a $10,000 virtual balance. The expiration period for Exness demo accounts varies by platform. MT4 demo accounts expire after 180 days of inactivity, while MT5 demo accounts are deleted after 21 days of inactivity. However, Exness does not specify the expiration period for its Exness Terminal demo accounts. Once a demo account is deleted, it cannot be reactivated. Luckily, traders can simply create a new demo account once their previous one has been deleted.

Remember that Forex and CFDs available at Exness are leveraged products.
Their trading can result in the loss of your entire capital.

Exness Account Base Currency

Exness distinguishes itself as the broker offering probably the most diverse selection of account base currencies, giving you the flexibility to hold your account in your local currency and avoid conversion fees. Below is a breakdown of the available base currencies for each account type, as listed on their official website.

Unlimited Leverage on Exness

Unlimited leverage is the highest level of leverage available on any brokerage platform, and Exness offers this feature across all its trading accounts. While this leverage option is available, it is not the default setting for all traders. To mitigate the risks associated with such high leverage, Exness has established three main conditions that traders must meet to qualify for this feature. These include:

• To qualify for unlimited leverage, the total equity across all real accounts of a trader must be below $1,000.
• Additionally, the trader must have closed at least 10 real-money orders (excluding pending orders) with a minimum size of 5 standard lots each.
• Lastly, the total volume of closed trades across all real accounts of a trader must be greater than 5 standard lots (or 500 cent lots).

The option to set unlimited leverage will appear in any qualifying trading account’s leverage settings once the criteria are met. However, it is important to note that unlimited leverage is not offered on all trading instruments. Instruments unavailable for unlimited leverage include:

• Exotic (currency pairs)
• Cryptocurrencies
• Commodities (Energies)
• Stocks
• Indices
• XPD (currency pairs)
• XPT (currency pairs)

It’s crucial to note that regulatory limitations significantly influence the maximum leverage available to traders. Therefore, the option for unlimited leverage may not be accessible to traders in certain regions due to these restrictions.

Exness Customer Support

Customer support is a critical aspect of any brokerage service, and Exness excels in this area. It offers its traders 24/7 customer support through various channels in 14 different languages. This is a great feature of Exness given that it offers its services to global clients in different time zones. Customer support serves a wide range of both English and non-English speakers. Some of the languages supported by Exness’ customer service include English, Chinese, French, Arabic, Thai, Hindi, Swahili, and more.

On another note, Exness offers various channels for customer support, including live chat, email, and phone support in certain regions. The live chat feature is especially popular for its quick response times. The broker’s website features an extensive FAQ section that covers a wide range of topics, from account setup to trading conditions. 

This can be very helpful for resolving common issues without needing to contact support directly. Finally, this broker has a strong social media presence where clients can receive updates and contact the support team. The company has accounts on Instagram, Twitter, Facebook, LinkedIn, and even YouTube. Customers can take advantage of this and directly message the company on these various channels.

Exness VPS Hosting

A VPS, or Virtual Private Server, is a software solution designed to ensure computer systems operate at peak performance with minimal downtime. It achieves this by splitting physical servers into multiple cloud-based virtual servers. These virtual servers can take over and serve clients if the physical servers experience any issues. 

Exness offers free VPS servers to traders who meet their criteria on overall account balance and/or total trading volume. The specific eligibility criteria and requirements that apply can be found in a trader’s Personal Area. One of the key advantages of Exness’ VPS is it allows traders to trade using EAs even when their computers are off.

The Credibility of Exness

One of the most important things for traders to consider is its credibility. When evaluating a broker’s credibility, we typically consider its regulatory credentials and trader feedback. Exness excels in both areas. 

The broker operates under the supervision of multiple reputable authorities. These include the FCA in the UK, the JSC in Jordan, the CySEC in Cyprus, the CMA in Kenya, and the FSCA in South Africa, among others. Note that regulations alone are not enough. However, having regulatory oversight by multiple well-known organisations is a good sign for a broker.

Additionally, Exness receives highly positive feedback from traders. It has an impressive Trustpilot rating of 4.6 out of 5 stars, based on over 13,400 reviews. This high rating demonstrates strong customer satisfaction and trust in its services.

Final Verdict

Exness stands out as a highly reputable and globally recognised online broker. It offers a comprehensive range of trading instruments, competitive trading conditions, and robust regulatory oversight. Additionally, it offers diverse account options, advanced trading platforms, and innovative features like social trading, VPS, and unlimited leverage. 

This allows Exness to cater to traders with different backgrounds and experience levels. The broker’s commitment to transparency and multi-lingual customer support further enhances its appeal. However, as with any broker, it is essential to conduct your own research and ensure that Exness aligns with your trading goals and preferences. 

Remember that Forex and CFDs available at Exness are leveraged products.
Their trading can result in the loss of your entire capital.