Exness Unlimited Leverage - Review

Leverage is one of the most important tools in online trading, enabling traders to amplify potential profits with minimal capital investment. However, it equally magnifies losses, making it a double-edged sword that demands careful consideration.

Exness, a globally recognised forex and CFD broker, has gained significant attention for offering unlimited leverage to its clients. This feature requires a thorough examination of how it works and how to access it. In this Exness Unlimited Leverage review, we will explore this unique feature offered by Exness, including the terms and conditions that apply.

What is Exness Unlimited Leverage?

In traditional trading, leverage allows traders to control a larger position with a smaller capital upfront. For instance, a leverage of 1:100 means a trader can control $100 worth of assets with just $1 in their account. Exness' Unlimited Leverage takes this concept to its extreme by removing the margin requirements for certain trading instruments under specific conditions. This feature is available on all five trading accounts offered by Exness. 

How to Get Unlimited Leverage on Exness (Step-by-Step)

Getting unlimited leverage on Exness is not automatic. Traders must meet specific conditions before the option becomes available on their accounts. But first, you need to have a real trading account with Exness and verify your profile by completing identity and address verification in your Personal Area. Here is a step-by-step guide on how to register for an account and get unlimited leverage:

Step 1: Visit the Exness Website

Go to the official Exness website at www.exness.com and click Register to begin.

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

Step 2: Create Your Personal Area

Fill in the registration form with your email address, country of residence, and a secure password. Confirm that you are not a US citizen or resident (if applicable), then click Continue. Exness will send a verification email, open it and confirm your email to activate your Personal Area.

Step 3: Complete Your Profile

Log in to your Personal Area and complete your profile before opening any account. This includes verifying your email and phone number, entering personal details (name, date of birth, address, etc.), and providing employment information required for suitability assessment.

Step 4: Verify Your Identity (KYC)

To meet AML regulations, Exness requires account verification. Upload a valid government-issued ID (passport, national ID, or driver’s license) and a recent proof of residence, such as a utility bill or bank statement. Verification usually takes a few hours.

Step 5: Open a Trading Account

Navigate to the My Accounts section and click Open Account under Real accounts. You can select from five account types: Standard, Standard Cent, Pro, Raw Spread, or Zero, each detailed later in this guide.

Step 5: Set Up Your Account

Once you select your account type, configure your account currency, nickname, maximum leverage, preferred platform (MT4, MT5, or Exness Terminal), and trading password. Unlimited leverage (1:Unlimited) is not available by default. If you select it now without first meeting Exness's requirements, it will not activate, as shown in the screenshot below.

Step 6: Fund Your Account

After approval, deposit funds using available methods such as bank transfer, cards, Skrill, Neteller, Perfect Money, cryptocurrencies (USDT, BTC, ETH), or mobile money like M-Pesa (availability depends on your region).

Step 7: Get Unlimited Leverage

Once your account is fully set up and funded, you must actively trade on your real account. This will help you meet the two conditions set by Exness to qualify for unlimited leverage. These include:

• Exness requires traders to close at least 10 market orders (pending orders do not count) with a minimum total trading volume of 5 standard lots or 500 cent lots across all real accounts.
• Traders must ensure that their accounts' equity remains below $5,000, as unlimited leverage is only available on smaller equity accounts.

Once the criteria are met, the option to enable unlimited leverage will become available in the leverage settings of any eligible trading account.

Unlimited Leverage Rules

The 1:Unlimited leverage option at Exness has specific limitations. Several asset categories cannot be traded with unlimited leverage, including:

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

Further, remember that the maximum available leverage to you will depend on the country you reside in and the regulatory policies involved. As an example, the maximum leverage accessible to clients registered with Exness (KE) Limited in Kenya is 1:400.

Exness Unlimited Leverage Minimum Deposit

There is no fixed minimum deposit required specifically to access unlimited leverage on Exness. Instead, the minimum deposit depends on the account type you choose. Standard and Standard Cent accounts have a low minimum deposit requirement of just $10. This means that traders can technically qualify for unlimited leverage with a very small initial deposit once the trading conditions are met.

Pro accounts, which include Raw Spread, Zero, and Pro accounts, require a minimum deposit of $200 (may defer depending on the region). They also support unlimited leverage once eligibility criteria are fulfilled.

It is important to note that unlimited leverage is linked to account equity, not deposit size. Unlimited leverage will only apply while your equity remains below the $5,000 threshold. If equity exceeds this level, available leverage will automatically be reduced.

Benefits of Exness Unlimited Leverage

Unlimited leverage on Exness has several advantages, particularly for certain types of traders. Here are some of the key benefits:

• Amplified Potential Profits - The most significant advantage of Unlimited Leverage is the potential for substantial profits from relatively small investments. Unlimited leverage allows traders to control larger positions with minimal capital. 

• Flexibility - Traders can choose their preferred leverage level based on their risk tolerance and trading strategy. This flexibility is especially useful for experienced traders who understand how to manage risk effectively.

• Access to Diverse Markets - While there are restrictions on some market products, people can apply this unlimited leverage option on a variety of trading instruments. 

• Low Capital Requirement - Exness requires a small minimum deposit of $10. With unlimited leverage, traders can enter high-value trades with minimal capital.

Risks and Considerations

While unlimited leverage offers significant advantages, it also comes with substantial risks. Traders must approach this feature with caution and a solid understanding of risk management. Here are some of the potential downsides:

• Amplified Potential Losses - The same mechanism that amplifies profits also magnifies losses. A small adverse price movement can result in substantial losses.

• Margin Calls and Liquidation - Trading with high leverage increases the risk of margin calls and account liquidation. If the market moves against a highly leveraged position, the trader may be required to deposit additional funds or face automatic closure of their positions.

• Psychological Pressure - High-leverage trading can be emotionally challenging, leading to impulsive decisions and overtrading. Traders must maintain discipline and stick to their trading plans.

Who is Exness Unlimited Leverage Suitable For?

Unlimited leverage, or even very high leverage, is not recommended for most traders. It's a risky strategy with a high chance of significant losses. However, some traders may consider it under specific circumstances. Let’s take a look at some trader profiles that may be best suited for unlimited leverage:

• Experienced Traders - Seasoned traders are probably the best suited for unlimited leverage. There is a high probability that such traders already understand the risks of high-leverage trading and have robust risk management strategies. A thorough understanding of margin, leverage, and the associated risks is essential.

• Traders with Small Accounts - Unlimited leverage is particularly advantageous for traders with limited capital. It allows them to maximise their trading potential with a small investment.

Trading Accounts on Exness

It is important to understand the trading accounts available on Exness and the fees they charge on these accounts. Exness provides a range of account types tailored to different trading preferences, each with different fee structures. Traders can choose from two standard accounts and three professional accounts. 

The Standard Account offers spreads from 0.2 pips, while the Standard Cent Account features spreads from 0.3 pips. Both accounts are commission-free.

The three Pro accounts deliver, however, even tighter spreads. The Pro Account provides spreads from 0.1 pips without commissions. The Raw Spread Account offers spreads as low as 0.0 pips with commissions up to $3.5 per side per lot. And the Zero Account features 0.0 pip spreads on the top 30 instruments with commissions from $0.2 per side per lot.

Exness’ Credibility

Prioritising regulated brokers is crucial for the best trading experience. No matter the level of leverage available, it’s crucial to select a broker overseen by strict regulatory authorities globally. Fortunately, Exness operates under the regulation of several organisations including the FSCA in South Africa, the CMA in Kenya, the FSC in Mauritius, the FCA in the UK, and the CySEC in Cyprus, among others.

On another note, Exness enjoys a strong reputation among online reviewers. It holds an impressive 4.6-star rating on Trustpilot from over 13,500 reviews. This rating reflects a high level of customer satisfaction. Moreover, Exness stands out as one of the largest brokers in the world by trading volume, further emphasising its appeal. 

Closing Remarks

The unlimited leverage option on Exness is a unique and innovative feature that sets it apart from many other brokers in the industry. It offers significant benefits, such as increased trading power, flexibility, and increased potential returns. Nonetheless, it also comes with substantial risks that must not be overlooked. Traders should approach unlimited leverage with caution, ensuring that they have a solid understanding of risk management and the financial markets.

Ultimately, Exness' unlimited leverage is best suited for traders with a strong understanding of margin and leverage. As a general rule of thumb, it may be wiser to start with lower leverage and gradually increase exposure as you gain experience and confidence. As with any trading decision, it's essential to conduct thorough research and consider your individual financial goals and risk tolerance before using unlimited leverage.

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