Exness Broker Review - Everything you should know

Exness is a globally recognised online broker specialising in forex and CFD trading. With monthly volumes exceeding $4 trillion, Exness is widely considered the world's largest retail forex broker by trading volume.

Founded in 2008, Exness serves a wide spectrum of traders by offering five different trading accounts with competitive spreads tailored to different trading styles. The broker operates under regulatory oversight in multiple jurisdictions, contributing to its industry credibility. However, like any broker, Exness has both advantages and limitations.

This comprehensive review examines Exness from all angles: trading platforms, available markets, regulatory framework, fee structures, withdrawal processes, and other critical factors that impact your trading experience.

Basic Information About Exness

• Website Address: www.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.
• Our Exness Partner Code: i5i10zputd. Traders who register with it can request 35% daily rebates. The Exness partner code guide explains how to claim them.

Trading Platforms on Exness

Exness offers three main trading platforms: MetaTrader 4, MetaTrader 5 and its own Exness Terminal, available on desktop, web and mobile.

MetaTrader 4 remains the go to platform for many forex traders, thanks to its simple interface, solid charting and support for automated trading through Expert Advisors (EAs). MetaTrader 5 builds on it with more timeframes, more technical indicators and improved strategy backtesting, which makes it the better choice if you trade stocks or indices alongside forex.

Exness Terminal is the broker's own web platform, with one click trading, a watchlist and a portfolio area for managing open orders. On mobile, you can use the MetaTrader 4 and 5 apps or the Exness Trade app, which includes integrated TradingView charts with over 100 indicators. Both MetaTrader platforms also run in the browser, so you can trade without downloading anything. According to Exness, most orders are executed within milliseconds across all its platforms.

Exness also offers free VPS hosting to clients who meet its balance and trading volume criteria. A VPS (Virtual Private Server) is a remote computer that runs 24/7 close to the broker's servers. It keeps MetaTrader running when your own computer is off, so Expert Advisors and trailing stops stay active, and it can reduce latency and protect against home internet or power outages. Eligibility details are shown in your Personal Area.

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.
• Commodities: Exness offers gold, silver, platinum and palladium, plus industrial metals like copper and aluminium. Traders can also speculate on energies such as US crude oil and natural gas.
• Indices: Exness traders gain exposure to a variety of indices, including the US Tech 100, Dow Jones, and S&P 500.
• Stocks: The broker 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.
• Cryptocurrencies: 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.

Your capital is at risk. Leveraged products may not be suitable for everyone.

Exness Instant Deposits and Withdrawals

Fast access to funds is one of Exness's biggest strengths. Deposits are credited instantly with most payment methods, so you can start trading straight away. Exness does not charge fees on deposits or withdrawals, although your payment provider may apply its own charges, which are shown before you confirm the transaction.

Withdrawals are just as fast: over 98% of requests are processed automatically, with no manual approval needed, around the clock and including weekends. In practice, this means that with popular e-wallets and other fast payment services, funds can arrive within minutes or even seconds, although the final timing depends on your payment provider.

Exness supports a wide range of payment methods, including local and international bank transfers, Skrill, Neteller, credit and debit cards, crypto and mobile money services such as M-Pesa, Airtel Money and MTN Mobile Money.

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.

*MBT (millibitcoin) equals one thousandth of a bitcoin. Available currencies may vary by region.

Exness Demo Account

Exness offers a free demo account with a $10,000 virtual balance, letting you test its platforms, account types and your own strategies without risking real money. How long a demo account lasts depends on the platform. MT4 demo accounts expire after 180 days of inactivity, while MT5 demo accounts are deleted after 21 days of inactivity. Exness does not specify an expiry period for Exness Terminal demo accounts. A deleted demo account cannot be reactivated, but you can simply open a new one at any time.

Your capital is at risk. Leveraged products may not be suitable for everyone.

Unlimited Leverage on Exness

Exness is one of the few brokers that offers a 1:Unlimited leverage setting, which sharply cuts the margin needed to open positions on eligible instruments. It is not switched on by default, and traders must meet three conditions:

• Total equity across all real accounts in your Personal Area must be below $5,000.
• You must have closed at least 10 real orders (pending orders do not count).
• Your total closed volume must be at least 5 lots (500 cent lots on Standard Cent).

Once you qualify, 1:Unlimited appears in your account's leverage settings. Availability also depends on where you live, as some regulators cap leverage lower, so check the maximum shown in your Personal Area. It applies to major and minor forex pairs, gold and silver, but not to exotic pairs, cryptocurrencies, energies, stocks, indices, or palladium and platinum pairs.

These limits exist for a reason. Unlimited leverage frees up margin, but it also makes it easy to open oversized positions, where a small price swing can wipe out your account.

Exness Customer Support

Exness offers 24/7 customer support in 14 languages, including English, Chinese, French, Arabic, Thai and Hindi, through live chat, email and phone. Live chat is usually the fastest option, while the Exness Help Centre covers common topics such as account verification, deposits and trading conditions, so many questions can be answered without contacting support at all.

Is Exness Safe? Regulation and Reputation

When judging a broker's credibility, we look at its regulation, how it protects client funds, and what traders say about it. Exness has been operating since 2008 and scores well on all three, with one important point to understand about which entity you trade with.

The Exness group holds licences from top-tier regulators, including the FCA in the UK and CySEC in Cyprus. However, these entities do not offer services to retail clients, so they mainly show that the group meets strict regulatory standards. Exness serves retail clients through a network of regulated entities, with licences from the FSA in Seychelles, the FSCA in South Africa, the CMA in Kenya, the JSC in Jordan, the CBCS in Curaçao and Sint Maarten, and the FSC in the British Virgin Islands and Belize. Your country of residence decides which one you are onboarded with.

Exness says that, no matter which entity you trade with, client funds are kept in segregated accounts, separate from company funds, and negative balance protection applies, so you cannot lose more than your account balance. The broker is also PCI DSS certified, a security standard for handling card payments.

Exness has a Trustpilot rating of 4.7 out of 5 stars, based on over 32,900 reviews, with 89% of them rated five stars. No broker has only happy clients, but few large brokers score this well.

Final Verdict

Exness stands out as a highly reputable and globally recognised online broker. Its primary strength lies in offering low spreads, from 0.2 pips on forex majors on the Standard account and 0.1 pips on the Pro account, both commission-free. The broker maintains a more focused asset selection compared to some competitors, with particular emphasis on an extensive range of forex pairs, complemented by other essential asset classes.

Exness holds licences from several regulators worldwide and offers diverse account options, multiple trading platforms, and automatic processing for over 98% of withdrawals. Other notable features include multiple base currency options, 24/7 customer support in 14 languages, and unlimited leverage, appealing to a broad range of traders. As with any broker, it's essential to conduct your own research and ensure Exness aligns with your trading goals and preferences.

Your capital is at risk. Leveraged products may not be suitable for everyone.