Exness Review – What to expect from the broker

Exness is a Forex broker that proudly sponsors the world’s number one football team, Real Madrid. Exness is a subsidiary company of Exness (Cy) Ltd, a corporation that is regulated in Cyprus by the CySEC. The average spread is for EUR/USD 0.9 pips*, to open a standard trading account, the minimum deposit is $2 000.

What do we cover in our Exness Review?


General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Basic information about the broker

  • Website address: www.Exness.com
  • Leverage: up to 1:30
  • Instruments: Forex – 80 currency pairs
  • Minimum deposit to open a standard account: $2 000
  • Demo account: Yes, free of charge
  • Methods of deposit and withdrawal: Wire Transfer, Skrill, Neteller, Credit and debit cards (Visa/MasterCard)

Exness Trading Platform

For FX and CFD trading, Exness offers MT4 and MT5. A popular forex trading platform used not only for executing trades but also for analyzing financial markets or automated trading. Both trading platforms can be downloaded to any computer or can be accessed via just a web browser or a mobile application. According to Exness, the order execution time is from 0.1s.

Exness Spreads

As any other CFD broker, Exness charges a spread fee. For the most current spread charges, please visit the Exness.com website. Here is a spread comparison table that contrasts Exness spreads with popular industry competitors.


Asset EUR/USD USD/JPY GBP/USD AUD/USD
Exness * 0.9 1.0 1.0 1.3
Plus500** 0.6 0.7 1.1 0.6
IQOption** 3.7 4.4 8.8 5.3

*Average spreads recorded on 15.06.2019 at 15:10 GMT, data were taken from the Contract specifications page for the classic account. **Spreads recorded on 31.05.2019 at 8:23 GMT from the trading platform of the broker.

To sum up the Exness Review

Exness adheres to strict regulatory guidelines of the CySEC – License number 178/12. The broker offers competitive spreads and a free demo account for practice FX trading. The minimum deposit for the standard account is quite high, there is, however, also an option to open a mini account that starts with as little as 1 buck (Nevertheless, the mini account has different spread charges – a little bit higher). Unfortunately, the broker offers only currency pairs, no other CFD instruments.

 

Exness Review – What to expect from the broker
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Michael

Hi, I'm Michael and my area of expertise is forex and cryptocurrency trading. I specialize in technical analysis, namely in chart pattern setups. I educate traders of all levels and I believe that prerequisite to successful active trading is always knowing risks of the game. My most current interest lays in cryptocurrencies, especially in Ethereum and in decentralized applications. I do not give investment advice, but for general inquiries please use the comment section under any article.
Michael

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