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 1.0 pip*, to open a standard trading account, the minimum deposit is $1.

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
  • Instruments: Forex – 80 currency pairs
  • The minimum deposit to open a standard account: $1
  • Demo account: Yes, free of charge
  • Methods of deposit and withdrawal: Wire Transfer, Skrill, Neteller, Credit and debit cards (Visa/MasterCard), Mobile Money, M-Pesa

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 * 1.0 1.0 1.0 1.3
Plus500** 0.6 0.7 1.1 0.6
IQOption** 1.2 0.9 1.5 1.6

*Average spreads recorded on 07.09.2020 at 15:10 GMT, data were taken from the Contract specifications page for the classic account. **Spreads recorded on 26.09.2019 at 11:26 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 practise FX trading. The minimum deposit for the standard account is as small as it can get – 1 buck.

 

Your review can make a difference to other traders, please leave a comment if you have any personal experience with Exness.



Michael

6 Comments

  • I opened exness trading app, went straight to the deposit option, but surprisingly, I did not find the Mobile Money option. So far all I’m seeing is AstroPlay Card, Bank card, Bitcoin, Neteller, Perfect Money and WebMoney

    • Hello Ammanuel,
      That’s odd, mobile money option should be there as well, I have verified this information with Exness. Please contact their customer support to resolve this issue.

  • Thanks for that info, I’ve checked with iqoption. Can you please add more brokers who offer Binary options trading and mobile money…

    • Hello Julias,
      I will try, but I don’t to promote here companies I don’t trust, so rather to promote one or two solid companies than dozens of shady ones.

  • The mobile money option has been removed. What was the reason?

    • Hello Starcy,
      Perhaps it’s a temporary solution. Please reach out directly to Exness support team to find out why it has been removed.

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