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exness broker review

While Exness is one of the lowest spread CFD brokers in the industry, offering clients the zero pip spread on some account types, the broker charges a small commission to account for it. In conclusion, Exness’s user-friendly platform, competitive spreads, and wide range of trading options give traders—beginners or seasoned pros alike—a solid foundation. If you’re interested in social trading, cryptocurrencies, or the Forex markets, Exness Broker presents itself as a trustworthy option to help you with your financial goals.

Exness Account Opening Process

Then the Pro account has no commission, and the spreads start at 0.1. There is also their MT4 MultiTerminal which allows users to monitor up to 128 trading accounts simultaneously and up to 10 demo accounts. Users can trade on multiple accounts and trade instruments with the same suffixes on different account types. However, it should be understood that this platform is available on Windows and Linux only.

Types of Exness Accounts

Exness is a well-established multi-asset broker offering various trading instruments, including currencies, cryptocurrencies, stocks, indices and commodities. Thanks to its user-friendly trading platforms, including MetaTrader 4 and 5, and proprietary Exness Terminal, traders of all experience levels can access advanced tools and execute trades efficiently. Exness is known for its competitive fee structure, offering low spreads, zero commissions on certain accounts and swap-free options for overnight positions.

Deposits and Withdrawals

All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing. Exness provides a reliable mobile trading experience, as evidenced by its positive reviews. The mobile apps are well-suited for traders who need flexibility in trading from various locations. Exness excels in its account opening procedure, which is both efficient and user-friendly. Typically completed within 1 to 2 days, the process is quick and hassle-free. Exness distinguishes itself by offering a seamless verification process that prioritizes compliance and security while expediting account activation.

exness broker review

Exness Trading Platforms

  1. On the other hand, margin indicates the capital set aside to establish and maintain a trading position.
  2. In our tests for the Trust category, we also cover factors relating to stability and financial strength.
  3. Other than that, we think the customer service and support seem pretty good, and we scored Exness well accordingly.
  4. Currently, the platform is a Financial Commission member and received an FSCA license.
  5. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

We also think unlimited leverage is pretty crazy and opportunistic from the broker. While trading with some leverage when done properly can be very useful, unless you know what you are doing or can afford to lose we recommend responsible trading which means limiting the leverage you use. It also integrates with both MetaTrader 4 and MetaTrader 5 which is a big plus. Exness makes its money by charging a commission when orders are opened or closed. These start from USD 0.2 per (0.4 round-turn) a lot but vary depending on the instrument you’re trading. It’s important to note that both the open and close commission is bundled together when the position is first opened.

It uses TradingView charting technology and offers more than 50 drawing tools and 100 indicators. Trustpilot and just over 4,400 reviews give them a 4.6-star rating out of a possible 5. You will have to consider that most reviews based on TrustPilot typically deal with aspects of customer support, not the broker’s reliability. Customer support is something we will touch on in the following sections. At the time of writing this review, Exness was not offering any type of promotion for people signing up for a new account nor for existing Exness traders.

Demo Account

However, the platform has its limitations – for instance, it does not currently allow for the creation of custom watchlists, lacks advanced order types, and offers limited customization of the layout. Exness dates back to 2008, marking it as a highly experienced CFD broker with a lengthy operating history. According to the broker’s LinkedIn page, the company has 1,001-5,000 employees, reflecting a large brokerage firm. In our tests for the Trust category, we also cover factors relating to stability and financial strength. Here, we evaluate the broker’s longevity in the industry, the company’s size, and its transparency. I performed my tests with a Standard Account, using the Exness Terminal platform.

This means that now the two commissions that regulate Exness (CySEC and the FCA) only govern the B2B aspect of it. However, the four other regulators still take precedence and allow retail traders from the rest of the world to trade safely. According to the official website, the minimum deposit in Exness is $0 for the Standard, Standard Cent, and Raw Spread Account, and $500 for the Zero and Pro Account.

When you trade Forex, CFDs or other financial instruments you are exposed to a high risk of loss. We review and rate companies offering trading platforms for Forex, CFDs and other financial instruments. We do our best to warn people about scams and promote only companies we personally consider to be very good. The two categories of Standard accounts comprise of the Standard and Standard Cent, while the Pro account includes Raw Spread, Zero, and the ECN. The CFD broker also offers the globally-recognized CFD trading platforms-MetaTrader 4 or 5, across all devices. Irrespective of the account type, client trading costs are low to moderate, while the trading conditions at the CFD broker have both positives and negatives.

We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. Exness offers various account options that suit the needs of multiple trading strategies and experience levels. These include the Standard Cent, Standard, Pro, Raw Spread and Zero options. All have pros and cons, so understand your trading needs before opening a live account. The Exness Group assures a high level of safety and security for its clients. The personal area and portal access are password protected, complying with local data privacy laws.

exness broker review

Exness automatically opens an MT5 standard demo account upon registration, and traders can open up to 100 MT4 and 100 MT5 demo accounts from their Exness Personal Area. They are entirely customizable, and traders can manage multiple accounts via the back office. Exness will delete MT4 demo accounts after 180 days of inactivity and MT5 accounts after 21 days (for some servers it can be 14 days).

The Exness minimum deposit requirement varies based on the deposit option starting as low as $10 and going as high as $10000. Many reviews reflect customers’ appreciation of the broker’s user-friendly interface, easy trading execution, and swift customer service. There are, however, a few recommendations on including some features in the desktop trading platform on the mobile app. Exness upgrades its trading environment with services by Trading Central, including the MT4 plugin TC Technical Analysis Indicator. I like the free VPS offer, which only requires a total deposit of $500, a minimum free margin of $100, and trading activity within the past 14 days.

You can trade in 174 financial instruments from Exness on the MetaTrader 5, a small number of products when compared with the other major forex brokers. Besides, Exness does not offer anything much in terms of custom tools other than the ones already available on the platform. If you want to trade various types of crypto or commodities, this broker may not be for you.

The Exness Standard account offers you the full range of assets across forex, metals, cryptocurrencies, energy, indices, and stocks with no commission cost. With over 100 forex pairs, 34 crypto pairs, 98 blue-chip stocks, 13 commodities and 10 indices, you’ll have plenty of assets to choose from. The only rule to remember is that financial extraction on Exness gets implemented to the initial payment method only. After that, it is applied to all the platforms used; their quantity does not matter. Transaction type reflects Deposits and Withdrawals, the method shows the payment system used, the amount is correlated to the finances involved in a transaction.

Exness’ commitment to this diverse selection empowers traders to diversify their portfolios, adapt to market conditions, and implement a wide range of trading strategies to achieve their financial goals. The Standard account offers traders of all levels a wide range of instruments, account currencies and leverage options exness broker reviews to suit individual needs and preferences. The spread starts from 0.3 pips and there’s no commission, just like the Standard Cent account. The Standard Cent account allows you to trade micro-lots of 36 popular forex pairs and metals. The spread starts from 0.3 pips, and the minimum deposit depends on your payment options.

It ensures that traders can have a competitive edge, generating more profits from existing strategies versus more expensive brokers. Exness also has excellent order and volume statistics, confirming a cutting-edge trading environment and infrastructure. Exness enriches its trading platform with a diverse range of unique tools and features designed to empower traders and elevate their decision-making processes. These resources provide invaluable insights into market trends, trading behaviors, and instrument-specific details. There is a small range of popular crypto tokens paired with fiat currencies available, with zero swap fees and no commissions in the Standard account.

Besides, International clients are also allowed lower margins due to the non-interference by the Seychelles Financial Services Authority (FSA), the regulator for global clients. However, the margins are directly proportional to the invested capital- higher the equity, higher the margins. When compared to the other top forex brokers, the Exness MT5 mobile application has a couple of drawbacks. Exness provides multi-language client support in 13 languages, including a 24/5 helpdesk in 11 languages, and 24/7 in English and Chinese. Besides, the official website is accessible in 15 language options, and individuals looking for quick answers and troubleshooting options should be able to find them on the Exness Help Center. In addition to those conditions, some other T&Cs apply to bonus credits.