In this Exness review, I’ll discuss the broker’s regulation, costs, payment methods, tradable assets, customer support, and education program. I have used Exness for years, but account availability and terms change, so check the legal entity and conditions shown in your own account application.
Exness says it was founded in 2008 and operates through multiple legal entities. The FCA and CySEC companies listed by the group do not offer retail services, so their licenses should not be read as the regulator for every Exness customer.
The broker offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5), alongside its own web and mobile services. Spreads, commissions and product access depend on the instrument, account and entity. Compare live contract specifications rather than relying on headline minimums.
Older versions of this article cited December 2020 trading-volume and client figures. Those are historical company figures, not a measure of current activity, so they are not used here as current performance evidence.
Some withdrawal requests may be processed automatically, but processing and arrival times depend on the payment method, verification, region and provider. An estimated processing time is not a guarantee that funds arrive instantly.
The broker lists instruments across groups such as forex, metals, energies, indices, shares and cryptocurrencies. Availability varies by country, entity, account and platform.
Also, it provides different types of trading accounts with a variety of special features like low commissions, minimum spreads, and low deposit limits.
Key Takeaways
- Established - Exness says it began operating in 2008.
- Regulation - Exness lists several regulated companies, but the applicable regulator depends on the company serving the client.
- Trading Platforms - MT4 and MT5 are available, with web and mobile services depending on the account and region.
- Trading Accounts - Standard, Standard Cent, Pro, Raw Spread and Zero are the five main account types listed by Exness.
- Markets - Instruments may include forex, crypto, metals, energies, shares and indices, subject to local availability.
- Deposits and Withdrawals - Minimums, methods, fees and processing times vary. Confirm the terms shown in your Personal Area.
- Education - Exness publishes educational and market material through its official resources; availability can change.
Regulation - Is Exness Safe?
Exness operates through separate companies, and the applicable regulator depends on the company named in the client agreement. Its current regulation page lists, among others, Exness (SC) Ltd under the Seychelles FSA (SD025), Exness ZA (PTY) Ltd as a South African FSP (51024), and Exness (Cy) Ltd under CySEC (178/12). Exness says its UK FCA and Cyprus CySEC companies do not provide services to retail clients. These licenses do not mean every customer is covered by every regulator. Check the contracting company and verify its license with the relevant regulator.
Exness Trading Asset Coverage
Exness lists instruments across groups that include forex pairs, shares, indices, metals, energies and cryptocurrencies. The exact symbols, leverage, trading hours and contract specifications depend on the country, entity, account and platform. Older versions of this article quoted fixed asset counts and cryptocurrency leverage; those figures may no longer represent the instruments available to a particular client. Check the live instrument list in the Personal Area before trading.
Commissions and Fees in Exness
Exness advertises spreads from 0 pips on some accounts and instruments, while commissions are instrument-specific. Minimum spreads are not typical or guaranteed spreads. Standard and Pro accounts generally use spread-based pricing, while Raw Spread and Zero add commission.
We’ll discuss more on commissions and spreads in the account type section of the article.
The broker may charge overnight financing, also known as a swap, depending on the instrument and position. Swap-free conditions may be available for eligible clients and accounts, but criteria and product availability depend on the applicable terms.
Payment providers may charge their own fees. Check Exness’s current payment and account terms for commissions, conversion costs, inactivity rules and other charges. Do not rely on old fixed fee examples.
Exness Account Types
Exness offers a range of online trading account types. Each Exness account type has its unique set of features and benefits. You can choose the one that suits your trading style.
How to Open an Exness Account?
Here is the 7-step-by-step guide for opening an Exness account:
- Visit the Exness website.
- Select your country, enter your email address, and set the password for your personal area.
- Click “Continue” and you’re done with the registration of your Exness personal area.
- Login to your personal area and select “Open New Account”.
- Select account types, trading platforms (MT4/MT5), leverage, and account currency
- Create a nickname and password for your new trading account
- Finally, click “Create an Account”. Once your account is created successfully, it’ll appear under the “My Account” tab.
Exness Trading Platforms
Exness supports MT4 and MT5, as well as web and mobile platforms. Availability and compatibility depend on country, account and service. The platforms described below are not an exhaustive list of every current Exness service:
-
MT4 Platform: MT4 is the world-leading trading platform for foreign exchange speculative traders. Since 2005, MetaTrader 4 has been the most popular trading platform for trading forex pairs.
This platform offers various trade-execution options like market execution and pending orders. In pending orders, you can place a trade entry in 4 different ways: buy limit, sell limit, buy stop, and sell stop. The buy/sell limit orders enable trend-following traders to set an order at the pullback/retracement levels of the price. On the other hand, the buy/sell stop orders let you place an order at the future price level, especially for the breakout trade entries.
Besides, MT4 provides numerous indicators and trading tools for analyzing carts, forecasting prices, and developing trading strategies. It also allows Expert Advisors (EA) that enable you to activate automated tradings. The EA automatically carries out your trading activities based on the logic and strategy set by you. This feature represents a great opportunity for trading individuals who have less time to spend on market analysis and manual trading. Also, this platform shows news updates, speculations, and forecasts of renowned financial institutes.
Last but not least, MetaTrader 4 platform is compatible with Windows, Android, and iOS operating systems. This means you can use this platform on any mobile, tablet, and laptop device besides desktop computers.
-
MT5 platform: MetaTrader 5 was launched by MetaQuotes in 2010. This software represents the most advanced trading platform in the market. This platform uses modern technology that makes online trading more convenient for forex retailers.
MT5 consists of 82 technical tools, 21 timeframes, and 4 types of order execution facilities. Also, it allows you to open 100 charts at a time which gives a good opportunity for multi-chart traders.
Besides, according to Metaquotes, they’ve enhanced the encryption, transparency, and security system of the MT5 platform which makes it more appealing to advanced traders.
Furthermore, if you have an EA or automated trading robot, you can easily install them on MT5 and make them compatible with your daily trading activities.
-
WebTerminal: WebTerminal uses the MT4/MT5 framework and lets you gain full access to the financial markets without downloading and installing any software. It is an HTML5-based trading platform that can be operated from any browser of your computer. Also, it supports all types of operating systems like Microsoft, Android, and iOS.
This platform allows all types of trading operations and provides real-time quotes, customizable price charts, and basic analytical objects for its users.
In short, Exness WebTerminal provides all the basic functions a trader needs for trading more effectively. It is a fast, user-friendly, and reliable web platform for trading financial instruments.
Deposits and Withdrawals - Exness Review
Exness shows payment methods and processing estimates in the client’s Personal Area. They vary by country, entity, verification status and provider. Some withdrawal requests may be automated, but actual arrival is not guaranteed to be instant. Exness’s general withdrawal rules require payment details to belong to the client and may require funds to be returned through previously used deposit methods. Check the applicable minimums, limits, fees and processing estimates before depositing.
Exness Education and Research
Exness Academy and its official channels publish educational and market material. The available courses, videos, analysis and webinars may change; check the current Exness Academy for its live offering.
Older versions of this article described course levels and regular market reports. These schedules and course names can change, so use the Academy site for the current program.
Education content is general information, not personalised investment advice or a promise of trading results.
Global Acceptance of Exness
Exness does not accept clients from every country. The entity and services available depend on residency and local requirements. Check eligibility in the registration flow and read the agreement for the company serving your account. Do not use a VPN to bypass a restriction.
Exness Customer Support
My experience with support has been positive, although support channels, hours and languages may vary by region and entity. The Exness Help Center provides current guidance. Use the authenticated Personal Area for account-specific requests and check the current contact options there.
Exness Contact Details
Contact details and operating hours can change by entity and country. Use the official Help Center or the contact details displayed in your Personal Area rather than relying on an old phone number or office address.
Exness Pros and Cons
Exness Pros
- Multiple account types, including Standard, Standard Cent, Pro, Raw Spread and Zero.
- MT4 and MT5, with web and mobile services subject to availability.
- Some accounts advertise spreads from 0 pips and charge instrument-specific commissions.
- The group lists multiple regulated entities; the applicable entity depends on the customer.
- Educational resources are available through Exness’s official channels.
Exness Cons
- Promotions, if available, can vary by entity and country. Check the Personal Area for current offers and terms.
- Product access, legal protections, payment methods and account conditions vary by country and legal entity.
- Minimum pricing and advertised processing times are not guaranteed for every client or market condition.
Bottom Line
Before choosing an online trading broker we need to focus on the basic needs of a trader. The requirements vary depending on the trading style and the size of the capital.
Generally, we consider a broker as an ideal place to trade when it is cost-effective, secure, and legitimate.
Based on our in-depth research, we’ve found Exness quite balanced in developing effective features for the traders.
The broker advertises high leverage and accounts with raw or zero minimum spreads, but these features do not eliminate trading risk. Withdrawal processing varies and is not guaranteed to be instant.
Besides, it uses professional and advanced trading platforms like MT4, MT5, and WebTerminal.
In terms of education and research, Exness offers a good opportunity for newbies. The broker operates Exness Academy - a dedicated learning center that offers numerous trading courses and market analysis for beginners.
Besides, the broker launches a Standard Cent account with minimum deposit requirements, zero commission, and limited spreads for helping new traders in starting their trading careers.
Also, these features prove Exness as a beginner-friendly broker.
Exness lists multiple regulated companies, but the client agreement determines the applicable entity and regulator. The FCA- and CySEC-regulated companies are not retail providers according to Exness. Verify the company serving you and its current authorisation before trading.