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Exness logo

Exness Review 2024

By:
Dan Blystone
Reviewed By:
Ola Alder
Updated: Jul 15, 2024
Overall Rating
4.6
  • Trust
    4.3
  • Fees
    3.8
  • Platforms and Tools
    5.0
  • Tradable Instruments
    4.8
  • Customer Support
    4.2
  • Research
    5.0
  • Deposit and Withdrawal
    4.6
  • Account Types and Terms
    5.0
  • Education
    3.1
  • How Did We Test and Rate This Broker?
    When trading forex and CFDs, understanding a broker's strengths and weaknesses is essential. We developed a proprietary rating system, which is the result of extensive research and hands-on evaluation by our expert reviewers. With a rigorous approach, our reviewers manually assess each broker, investing more than 50 hours per review, checking and testing the broker while analyzing over 250 variables to simplify the broker selection process for you. The categories we evaluate include trustworthiness, trading platforms, customer support, regulatory oversight, spreads, fees, the variety of instruments offered, education, and research tools. This unique rating system is specifically developed to ensure that the assessment is based on firsthand knowledge and experience. By dedicating a significant amount of time to each review, our team of experts can provide in-depth insights and help you make well-informed decisions when choosing the broker that best suits your trading goals.
    Chart

    Our Take on Exness

    Based in Limassol, Cyprus, Exness is a multi-asset broker with a compelling offering. Since its launch in 2008, it has become a leading player in the market with a significant global presence.

    The broker’s clients can trade CFDs on currencies, indices, commodities, shares, and cryptocurrencies through MetaTrader 4 and MetaTrader 5, as well as the proprietary Exness Terminal platform and Exness Trade App.

    Exness goes bigger and better than competitors in several key areas. I encountered the largest range of tradable currency pairs of any broker I have tested. It also minimizes account-related fees and provides raw spreads through its professional account types.

    Additionally, Exness goes the extra mile with features like third-party research from Trading Central and free VPS hosting.

    Recommended in 7 best broker guides: 
    Forex | Regulated | Platforms | MT4 | Scalping | Crypto | Gold

    Exness Pros and Cons

    Pros Cons
    • Multiple account types
    • Ultra-fast order execution
    • 24/7 customer support
    • No overnight fees for many instruments
    • Great funding/withdrawal options
    • Free VPS
    • Social trading
    • Not available in Europe and the UK for retail clients
    • Limited regulatory oversight at some entities
    • Wide spreads on some instruments

    Exness Highlights of 2024

    • Multiple Regulatory Licenses: Exness is regulated by several top-tier financial authorities, ensuring robust safety and compliance standards in those regions. Offshore entities have light regulatory oversight.
    • Diverse Instrument Selection: Traders can access an above-average range of instruments, including over 90 forex pairs and 10 cryptocurrencies.
    • Mixed Spreads: Exness’ Standard account spreads vary, with some being quite tight and others less so. Tighter spreads are available through Professional account types.
    • Advanced Trading Platforms: The broker offers the proprietary Exness Terminal platform as well as MT4 and MT5, which can cater to algo traders.
    • Extensive Tools: Exness offers a robust range of tools, including Trading Central WebTV, VPS hosting, and an archive of historical tick data.
    • Social Trading: The Social Trading platform allows clients to browse and choose other traders to copy. You can also boost your income by sharing your trading strategies.

    Who is Exness For?

    With a range of account types, platforms, and features such as 1-click trading, Exness is well-suited for scalpers, day traders, and algo traders.

    Free VPS hosting allows traders to execute automated trading strategies without being affected by their personal desktop or internet connectivity limitations.

    Additionally, social trading introduces an extra layer of engagement, allowing Exness clients to invest in the strategies of other traders or earn money by sharing their own.

    Exness is a versatile broker designed to serve both new and experienced traders. Beginners can benefit from the Cent account, which offers access to the user-friendly Trading Terminal platform, allowing them to limit their risk in the live market.

    Advanced traders have access to the MetaTrader platform, sophisticated trading tools, and the opportunity to utilize extremely high leverage through the offshore entity regulated by FSA Seychelles.

    What Sets Exness Apart?

    Exness has made efforts to maintain affordable costs for its clients. It distinguishes itself by not imposing deposit or withdrawal fees (some payment providers may charge their own fees), and swap fees are also waived in most cases. Transparent price history, including tick-level data for all instruments, is readily available.

    Another unique feature is the unusually broad selection of instruments in certain categories like forex and crypto. The proprietary Exness Terminal platform merges user-friendliness with advanced features, including analysis from Trading Central and price alerts, enhancing the trading experience.

    Exness Video Review

    I performed my tests with a Standard Account, using the Exness Terminal platform. The account was opened with the Seychelles entity of Exness (Exness (SC) Ltd). Some features and services may vary depending on where you reside.

    Exness Main Features

    ☑️ RegulationsCySEC (Cyprus), FSCA (South Africa), BVI FSC (Virgin Islands, British), CMA (Kenya), FCA (United Kingdom), FSA (Seychelles)
    🗺 Supported Languages
    Korean, English, Urdu, Russian, Hindi, French, Indonesian, Portuguese, Thai, Arabic, Spanish, Bengali, Chinese, Japanese, Vietnamese
    💰 ProductsCurrencies, Stocks, Crypto, Indices, Commodities
    💵 Min Deposit$0
    💹 Max Leverage
    1:30 (CySEC), 1:500 (FSCA), 1:1000 (BVI FSC), 1:2000 (CMA), 1:30 (FCA), 1:500 (FSA)
    🖥 Trading Desk TypeMarket Maker
    📊 Trading PlatformsMT5, MT4, Exness Terminal
    💳 Deposit Options
    PerfectMoney, Wire Transfer, Skrill, Neteller, Credit Card
    💳 Withdrawal Options
    Neteller, Skrill, PerfectMoney
    🤴 Demo AccountYes
    🗓 Foundation Year2008
    🌎 Headquarters CountryCyprus
    Risk DisclosureCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    Exness Full Review

    Trust

    4.3
    How Did We Test the Broker's Trustworthiness?
    Assessing a broker's trustworthiness with your funds is vital. To help you make the right decision, we carefully checked each broker's regulatory license and examined how well they protect traders. Moreover, we looked at the broker's stability by studying their business history, corporate structure, and industry experience. Finally, we thoroughly reviewed all of the broker's legal documentation, including terms, conditions, and fees, and evaluated their transparency based on our analysis. Our hands-on approach ensures that even novice traders have the knowledge they need to make smart decisions.
    trust chart

    Exness has 16 years of operating history and is regulated by multiple authorities. However, it does not accept retail clients in Europe or the UK. Retail customers are assigned to entities regulated offshore, offering limited account protection. Exness ensures client fund segregation, offers negative balance protection, and provides access to a compensation scheme as a member of the Financial Commission.

    Exness Regulators

    • Exness (UK) Ltd. is regulated by the UK Financial Conduct Authority (FCA), register number 730729. We rate the FCA as a Tier-1 regulator.
    • Exness (Cy) Ltd. is regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 178/12. We rate CySEC as a Tier-1 regulator.
    • Exness (KE) Ltd. is authorized by the Capital Markets Authority (CMA) in Kenya with license number 162. We rate CMA as a Tier-2 regulator.
    • Exness (SC) Ltd. is authorized and regulated by the Seychelles Financial Services Authority (FSA) with license number SD025. We rate the FSA as a Tier-3 regulator.
    • Exness (VG) Ltd. is authorized by the British Virgin Islands Financial Services Commission (FSC) with registration number 2032226 and investment business license number SIBA/L/20/1133. We rate the BVI FSC as a Tier-3 regulator.
    • Exness B.V. is regulated by the Central Bank of Curaçao and Sint Maarten with license number 0003LSI. We rate the Central Bank of Curaçao and Sint Maarten as a Tier-3 regulator.
    • Exness ZA (PTY) Ltd is authorized by the Financial Sector Conduct Authority (FSCA) in South Africa as a Financial Service Provider (FSP) with FSP number 51024. We rate FSCA as a Tier 2 regulator.
    Exness (SC) Ltd on the FSA register
    Exness (SC) Ltd on the FSA register

    Why is It Important to Know Where Your Broker Subsidiary (Entity) is Regulated?

    To serve clients worldwide, brokers must have multiple regional entities. The level of client protection guaranteed by regional regulators varies widely. Here are some of the key features to check on at your broker`s regional entity:

    • Segregation of client funds. Segregating client funds from the operating capital of a broker prevents misuse, ensuring that traders’ funds can not be used for operational expenses or speculative investments. At Exness, all client funds are held in segregated accounts away from the company’s funds.
    • Negative balance protection. This guarantees that clients cannot lose more than their account balance, even if the market unexpectedly makes a massive move or gaps. All Exness entities provide negative balance protection.
    • Compensation scheme. As a member of the Financial Commission, Exness ensures clients are protected up to €20,000 per complaint.
    • Maximum leverage. Limiting leverage controls the level of risk traders can take on. The higher the leverage, the higher the potential profits and losses. The default maximum leverage at the Seychelles entity of Exness is 1:2000.

    The table below covers the client protections at each entity:

    Entity Features Exness (UK) Ltd. Exness (Cy) Ltd. Exness (KE) Limited Exness ZA (Pty) Ltd. Exness (SC) Ltd. Exness (VG) Ltd. Exness B.V.
    Country/Region United Kingdom European Union Kenya South Africa Seychelles/Global British Virgin Islands/Global Curaçao and Sint Maarten/Global
    Regulation FCA CySEC CMA FSCA FSA FSC BVI CBCS
    Tier 1 1 2 2 3 3 3
    Segregated Funds Yes Yes Yes Yes Yes Yes Yes
    Negative Balance Protection Yes Yes Yes Yes Yes Yes Yes
    Compensation Scheme FSCS Up to £85,000 ICF Up to €20,000 Financial Commission, up to €20,000 per client Financial Commission, up to €20,000 per client Financial Commission, up to €20,000 per client Financial Commission, up to €20,000 per client Financial Commission, up to €20,000 per client
    Maximum Leverage (Standard Account)  1:2000* 1:2000* 1:400 1:2000* 1:2000* 1:2000* 1:2000*

    *1:unlimited under certain conditions

    Regulatory requirements are subject to change. I gathered the data listed above in March 2024.

    Stability and Transparency

    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.

    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 my research, Exness showed high transparency in its regulatory status, listing its regulators in the website page’s footer.

    The website breaks down trading costs clearly on the Fees page. To get the nitty gritty details, traders can find the Customer Agreement on the Legal Documents page.

    Is Exness Safe to Trade With?

    Exness operates seven entities, with two licensed by top-tier regulators, offering relatively high account security. The other entities are overseen by second or third-tier regulators. The level of protection varies by entity.

    For instance, clients with a UK entity enjoy a high level of regulatory scrutiny and are covered by a compensation scheme in the event of broker insolvency. On the other hand, Exness’ offshore entity is subject to different regulatory oversight.

    Exness is a member of the Financial Commission – an independent self-regulatory organization and external dispute resolution body, dedicated specifically to Forex. Exness clients are protected by the Commission’s Compensation Fund for up to €20,000.

    To summarize, I rate Exness as moderately trustworthy and stable due to the following:

    • 16-year operating history
    • Multi-asset broker
    • All entities segregate funds
    • All entities offer negative balance protection
    • Financial Commission membership

    Fees

    3.8
    How Did We Test the Broker's Fees and Commissions?
    Broker commissions and fees can be challenging to understand. To simplify this for you, we carefully examined all the broker's fee-related documentation and presented it in a clear, easy-to-understand format. Furthermore, we conducted hands-on tests on spreads and commissions for the most common instruments during both London and New York trading sessions. We then compared these real-time test results to the market benchmark we've established through our extensive experience evaluating the industry.
    fees chart

    Exness’ Standard account spreads vary, with some being quite tight and others being less so. Tighter spreads are available via Professional account types. In most cases, no swap fees are charged, and Exness does not charge fees for deposits or withdrawals (some payment providers may charge their own fees).

    Exness Trading Fees

    Exness Spreads

    I tested the spreads at Exness across various markets during the London open and after the New York open. At these times, the market is typically highly liquid with the tightest spreads.

    Instrument Live spread AM Live spread PM Industry Average
    EUR/USD 1 Pip 1 Pip 1.08 Pips
    GBP/JPY 2.5 Pips 2.5 Pips 2.44 Pips
    Gold 20 Cents 20 Cents 42 Cents
    WTI Oil 2.8 Cents 2.8 Cents 20 Cents
    Dow 30 7.5 Pips 7.7 Pips 3.3 Pips
    Dax 40 5.7 Pips 5.8 Pips 2.4 Pips
    Apple n/a 9 Cents 33 Cents  
    Tesla n/a 10 Cents 50 Cents
    Bitcoin $78.15 $71.92 $35.50

    My tests showed that spreads are competitive in gold and oil but quite wide in forex crosses like GBP/JPY. I recorded the data on 6 March 2024.

    Exness Swap Fees

    Exness does not charge swap fees for most instruments, including forex majors, crypto, indices, and gold.

    Exness Non-Trading Fees

    Exness does not charge deposit or withdrawal fees (some payment providers may charge their own fees). However, an inactivity fee may be applied under specific circumstances.

    Are Exness Fees Competitive?

    I rate the fees at Exness as average for the following reasons:

    • Variable spreads
    • No swap fees on most instruments (terms and conditions apply)
    • No deposit or withdrawal fees (some payment providers may charge their own fees)

    Platforms and Tools

    5
    How Did We Test the Broker's Trading Platforms?
    We understand that platforms play a crucial role in your trading experience. That's why we spent many hours testing the broker's web, desktop, and mobile trading platforms to gain a real understanding of their usability, functionality, and overall performance. From experimenting with different order types to testing execution speeds, charting, and other features, we thoroughly examined every aspect of these platforms based on our trading expertise, helping you make an informed choice.
    platforms chart

    Exness excels in the platform category. It offers its well-designed and user-friendly Terminal platform, along with the classic MetaTrader 4 and MetaTrader 5 platforms that feature advanced functionality like algo trading.

    Exness Platform Walkthrough

    Platform Suitable For
    Exness Terminal (Web) / Exness Trade app (Mobile) Casual Traders
    MetaTrader 4 (Desktop, Web, Mobile) Experienced Traders, Automated Strategies
    MetaTrader 5 (Desktop, Web, Mobile) Experienced Traders, Automated Strategies

    Exness Terminal Platform

    General Ease of Use

    In this review, I tested the Exness Terminal platform, which has a basic, uncluttered interface, making it easy for beginners to navigate. Customization is limited, but it is possible to enlarge the chart by hiding the watchlist and trade panels.

    The platform is available in 17 languages – Arabic, Bengali, Burmese, Simplified Chinese, English, French, Hindi, Indonesian, Japanese, Khmer, Korean, Lao, Portuguese, Spanish, Swahili, Thai, and Vietnamese.

    Key Features

    Exness Terminal Platform
    Exness Terminal Platform

    Here are the key features of the Exness Terminal platform:

    • Watchlists: The Exness Terminal has watchlists broken down by asset class, popular instruments, and top movers.
    • Charting: Robust charting from TradingView is built-in.
    • Standard Orders: Traders can use market, limit, and stop-loss orders.
    • Position Tracking: You can easily stay on top of the live P/L of your open positions, pending orders, and closed trades within this section.
    • One-Click Trading: This feature allows you to execute orders with a single click and no secondary confirmation, enabling you to be more speedy and nimble. This is especially useful for day traders.
    • Price Alerts: This enables you to be notified when the price reaches a pre-set level.
    Exness Terminal Watchlist
    Exness Terminal Watchlist

    Using watchlists in the Terminal platform, traders can view lists of instruments broken down by asset class and other useful lists like top movers and popular instruments.

    Exness Terminal Price Alerts
    Exness Terminal Price Alerts

    I find that price alerts are a great way to be notified when the price reaches key support and resistance levels, freeing you up from continuously watching the screen.

    Exness Terminal Trading Central
    Exness Terminal Trading Central

    Traders can access award-winning analysis from Trading Central without leaving the platform.

    Exness Terminal Trades 
    Exness Terminal Trades

    The Trades panel at the bottom allows traders to easily follow their open positions, pending orders, and closed trades.

    Charts

    Exness Terminal Charts
    Exness Terminal Charts

    The Exness Terminal platform features TradingView charts, which, in my view, are first-class. Charts feature:

    • 100+ Technical Indicators. These include classic trend indicators, volume indicators, and oscillators.
    • 50+ Drawing Tools. These include trend lines, channels, Gann, and Fibonacci tools.
    • 9 Time Frames. Traders can choose from nine time frames – from one minute to one month.
    • 12 Chart Types. Traders can use everything from popular Bar charts and Japanese Candlesticks to more exotic Heikin Ashi charts.

    Orders

     

    Exness Terminal Order Entry
    Exness Terminal Order Entry

    The Exness Terminal platform offers standard order types like market orders, limit orders, and stop-loss orders. Trailing stop loss orders are not available, and applying time-in-force conditions to orders is impossible.

    My Key Takeaways After Testing the Exness Terminal Platform

    After a few weeks of testing, I found the Exness Terminal platform intuitive, well-crafted, and very user-friendly. Active traders will appreciate features like 1-click trading and trading from the chart. I appreciated the incorporation of Trading Central and price alerts.

    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 Mobile App

    Available for iOS and Android, the Exness Trade app provides access to over 200 instruments. The app has a user-friendly interface designed specifically for beginners. Instant deposits and withdrawals and 24/7 customer support are available via the app.

    Charting within the app features 12 chart types (line and candle), nine timeframes (M1, M5, M15, M30, H1, H4, D1, W1, MN1), and many indicators such as Moving averages, Bollinger Bands, and Parabolic SAR.

    Order types within the app include market orders and pending orders, such as limit orders and stop loss orders. The Exness Trade app also features an economic calendar, market news, and trade ideas from Trading Central.

    Social Trading

    Social Trading
    Social Trading

    Within the client portal, traders can access the Social Trading platform, enabling them to copy the trades of successful traders (strategy providers). Experienced traders can share their strategies, allowing others to replicate their trades.

    Social Trading Profile
    Social Trading Profile

    Both the trade copier and the strategy provider can earn from profitable trades. The trade copier uses the platform to find a strategy provider to follow. When the strategy provider makes a profit, they earn a commission from 0%–50%.

    Exness Order Execution Model

    Exness is a non-dealing desk broker. It either takes the other side of the client’s trade or transmits orders for execution to a third party – known as Straight Through Processing, or STP.

    Tradable Instruments

    4.8
    How Did We Test the Broker's Tradable Instruments?
    For this section, we examined the broker's market offering, assessing the variety and depth of instruments and asset classes available for trading. Through our proprietary database, we then compared the results with other brokers. This comprehensive analysis allows you to determine if the broker offers the specific instruments and trading options you're looking for.
    tradable_instruments chart

    Exness shines in tradable instruments with a wide range of currency pairs, commodities, indices, shares, and cryptocurrencies. These include CFDs in both spot and future markets. Forex traders have access to an exceptional selection of options.

    Instrument Number Type
    Forex Pairs 96 Major, Minor, Exotic
    Commodities 18 Metals, Energies, Softs
    Indices 10 Global Indices
    Stocks 93 Global Exchanges
    Cryptocurrencies 10 Major, Minor, Crosses

    Exness performs above average in all asset classes, with the exception of shares, where there is room for improvement.

    What are CFDs?

    A Contract for Difference (CFD) is an agreement specifying that the buyer must pay the seller the difference between the current value of an asset and its value at the time the contract was initiated.

    CFDs allow traders to speculate on price movements like futures and other derivative financial instruments without owning the underlying asset.

    What Can You Trade with Exness?

    In the tables below, you can see a selection highlighting the variety of CFD instruments available at Exness:

    Forex Major Forex Minor
    EUR/USD | GBP/USD | USD/JPY EUR/CHF | CAD/JPY | GBP/AUD
    Indices Cryptocurrencies
    Dax 30 | Hong Kong 50 | US Tech 100 Bitcoin | Litecoin | Ethereum
    Commodities Shares
    Palladium | WTI Crude Oil | Silver Apple | Tesla | Amazon

    My Key Takeaways After Exploring Exness Tradable Instruments

    Exness offers a very strong selection in forex, commodities, indices, and cryptocurrencies, affording clients opportunities with a greater variety of markets at their fingertips. CFDs on shares are relatively limited, and I would like to see more global exchanges added to the mix.

    Customer Support

    4.2
    How Did We Test the Broker's Customer Support?
    Traders often underestimate the importance of customer support, yet it proves to be a critical aspect during times of crisis. We put the broker's customer support to the test ourselves using all possible channels, such as chat, phone, and others. Our evaluation focused on the accessibility of live agents, as well as the helpfulness and professionalism of their responses. This way, we provide you with comprehensive insights into whether a broker can deliver full support when you need it most.
    customer_support chart

    Exness provides 24/7 customer support via live chat, phone, and email. After dozens of inquiries, I had a mixed experience overall. I was not able to reach support via phone, but the live chat was reliable, and I received replies to emails within 24 hours. I rate Exness customer support as about average.

    Exness Customer Support Test

    Support is a key component of a broker’s offering – whether you are a new trader looking for guidance on how to use the platform or an experienced trader who needs help fast to exit their positions in the event of a technical glitch.

    I tested Exness’ customer support for over two weeks. The live chat usually responded within a minute. I also received fast replies via email.

    My inquiries ranged from basic questions about fees to more complex themes relating to platforms, tools, and regulations. When I reached support via chat and email, I usually had a good experience with satisfactory answers to my queries.

    Exness Live Chat Support
    Exness Live Chat Support

    Deposit and Withdrawal

    4.6
    How Did We Test the Broker's Deposit and Withdrawal Process?
    The deposit or withdrawal process can be tricky since you may encounter hidden fees or longer than expected processing time. To assess the broker's offerings, we examined their deposit and withdrawal options and conditions. Using our proprietary database, we then compared these results with those of other brokers.
    deposit chart

    At Exness, funds can be deposited and withdrawn using a wide range of methods, including bank transfer, credit/debit cards, and digital wallets. Processing times are fast for the industry, and both deposits and withdrawals are free of charge. Exness is a winner in this category with a better-than-average offering.

    Exness Deposit Methods

    Method Limits Fees Processing Time
    Bank Card 10–10,000 USD 0% 30 Minutes
    Neteller 10–50,000 USD 0% 30 Minutes
    Perfect Money 10–100,000 USD 0% 30 Minutes
    Skrill 10–100,000 USD 0% 30 Minutes

    The range of funding methods is strong, and processing times are fast.

    Exness Withdrawal Methods

    Method Limits Fees Processing Time
    Neteller 4–10,000 USD 0% 1 Day
    Perfect Money 2–100,000 USD 0% 1 Day
    Skrill 10–12,000 USD 0% 1 Day

    Again, this is a good range of available methods, and processing times for withdrawals are faster than average for the industry.

    Unlike many brokers, Exness does not charge for withdrawals (some payment providers may charge their own fees), including bank wire transfers.

    Account Types and Terms

    5
    How Did We Test the Broker's Account Types and Terms?
    When it comes to achieving your trading goals, choosing the proper account is essential. We initiated our evaluation by personally opening an account with the broker, which allowed us to gain firsthand experience of the process and accurately asses, how fast and easy it is. In addition, we carried out an in-depth analysis of the account types and features offered by the broker, including spreads, maximum leverage, minimum deposits, and more. For a comprehensive comparison, we turned to our proprietary database and examined how this broker's account offerings and processes stacked up against other brokers.
    account chart

    Exness offers five major account types, including two Standard and three Professional accounts. Demo and swap-free Islamic accounts are also available. The account opening process is fully digital and can be completed via the website in less than 10 minutes.

    Exness Account Application
    Exness Account Application

    Exness Account Types and Their Benefits

    At Exness, two standard accounts are available: Standard and Standard Cent (designed for new traders; this account is denominated in cents). The table below covers key account features.

    Feature Standard Standard Cent
    Minimum deposit Depends on payment system Depends on payment system
    Spread From 0.2 pips From 0.3 pips
    Commission No No 
    Maximum leverage 1:Unlimited 1:Unlimited
    Instruments Forex, metals, cryptocurrencies, energies, stocks, indices Forex, metals
    Maximum number of positions Unlimited 1000
    Margin call 60% 60%
    Stop out 0% 0%
    Swap-free Available Available

    There are also three professional accounts – Raw Spread, Zero, and Pro – that are designed for experienced traders, including scalpers, day traders, and algorithmic traders.

    Feature Pro Zero Raw Spread
    Minimum deposit $200 $200 $200
    Spread From 0.1 pips From 0 pips From 0 pips
    Commission No commission From $0.05 each side per lot Up to $3.50 each side per lot
    Maximum leverage 1:Unlimited 1:Unlimited 1:Unlimited
    Instruments Forex, metals, cryptoсurrencies, energies, stocks, indices Forex, metals, cryptoсurrencies, energies, stocks, indices Forex, metals, cryptoсurrencies, energies, stocks, indices
    Maximum number of positions Unlimited Unlimited Unlimited
    Margin call 30% 30% 30%
    Stop out 0% 0% 0%
    Swap-free Available Available Available

    Exness Account Opening Process

    Opening a live account with the Seychelles entity of Exness is a straightforward process: prospective clients simply need to enter their region of residence and confirm their email address and phone number.

    What is CFD leverage?

    One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is using borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account.

    The FSA-regulated Seychelles entity of Exness offers a default leverage of 1:2000. This means that with an account of $1,000, you can control up to $2,000,000 worth of positions in the market.

    Leverage is often described as a ‘double-edged sword’ as it can hurt you as much as it helps you. Traders must remember that it can amplify both their profits and their losses.

    The maximum available leverage at the Seychelles entity of Exness varies by the amount of equity in your account.

    Equity Maximum available leverage
    USD 0 – 999.99 1:Unlimited (if eligible) 1:2000 (available by default)
    USD 1 000 – 4 999.9 1:2000
    USD 5 000 – 29 999.99 1:1000
    USD 30 000 or more 1:500

    Maximum Leverage by Asset Class

    Available leverage differs according to the asset class, with the most leverage available with CFDs on forex and commodities and the least on shares.

    Asset Class Maximum Available Default Leverage
    Forex  1:2000
    Metals 1:2000
    Energies 1:200
    Indices 1:400
    Cryptocurrencies 1:400
    Shares 1.20

    Demo Account

    Exness offers demo accounts for both the Trading Terminal platform and MetaTrader 4/5. Demo accounts enable traders to practice their strategies and get comfortable with the platform without risking real money.

    The demo account features live quotes and mirrors live market conditions in assets such as forex and CFDs on commodities, indices, and stocks. Once traders are up to speed on a demo account, they can easily switch to a live version.

    Islamic Account

    Exness does offer swap-free Islamic accounts but only for residents of Islamic countries.

    Exness Restricted Countries

    Exness does not accept clients from the United States of America, American insular areas, European countries, the United Kingdom, and Vatican City.

    Research

    5
    How Did We Test the Broker's Research Tools?
    Research options offered by brokers may not be seen as the most important feature for some traders, but they can provide a competitive advantage. To assess the broker's research offerings, we personally explored and tested both proprietary and third-party tools and content, such as Fundamental and Technical Analysis, Market News, educational videos, and webinars. After evaluating the availability and quality of the overall research offering, we compared the results with our benchmark to provide a comprehensive analysis of the broker's research capabilities.
    research chart

    Exness provides a steady market analysis flow via its website, client portal, and YouTube channel. The material is crafted by in-house and third-party analysts and maintains a high standard.

    Exness Blog
    Exness Blog

    The Exness blog features market analysis, news, and insights through short-form articles that serve as a great source of ideas and help identify the assets currently active in the markets.

    Trading Central WebTV
    Trading Central WebTV

    Trading Central WebTV is also available via the Exness website. Daily videos provide commentary, trading ideas, and news coming directly from the New York Stock Exchange floor.

    Trading Central Analysis
    Trading Central Analysis

    Clients can access analysis from Trading Central within the client portal. The analyst views section provides actionable advice with specific price forecasts and support and resistance levels.

    Market News
    Market News

    The Market News section within the client portal provides a real-time feed of market news and the latest updates from the FXStreet team.

    My Takeaways from Exploring Exness Research Content

    Exness offers an above-average range of research resources from in-house and award-winning provider Trading Central. Both inexperienced and advanced traders can benefit from the flow of reports and actionable ideas.

    Education

    3.1
    How Did We Test the Broker's Education Offering?
    Gaining knowledge about trading in the financial markets can make the difference between success and failure. To assess the broker's educational offerings, we personally tested and evaluated the quality of the content provided, considering its relevance for both novice and experienced traders. We explored the range of materials available, such as articles, videos, webinars, and courses. After evaluating the content's volume, update frequency, and overall quality, we compared the results with our benchmark to provide a well-rounded analysis of the broker's education offerings.
    education chart

    Exness provides high-quality educational content in text and video format via its blog and YouTube channel. The volume is a bit limited but covers beginner and advanced-level material. I rate the offering as average for the industry. Exness could improve by adding courses and live webinars.

    Exness Educational Articles
    Exness Educational Articles

    Within the website’s blog section, Exness features a category dedicated to education, with articles covering topics such as trading strategies and platform features. I appreciated that advanced materials, including an introduction to algorithmic trading with Python and MT5, are also available. Seasoned market technicians further explain the use of classic tools like Fibonacci retracements.

    Platform Tutorial Videos 
    Platform Tutorial Videos

    The Exness YouTube channel is mostly dedicated to analysis, but it also features a range of educational platform tutorial videos covering how to use Exness Terminal and MetaTrader. Here, you can find everything from basic setup to more advanced topics like how to connect to Exness VPS.

    The Bottom Line

    Exness is a large, well-established CFD broker with a unique offering. Clients have access to a superb range of tradable instruments. I was particularly impressed by the selection of currency and crypto pairs.

    Funding and withdrawals are processed fast, with a wide array of methods available. The intuitive Terminal platform, round-the-clock support, and micro-lot trading make Exness an appealing choice for beginners.

    Meanwhile, the availability of massive leverage, tight spreads, and advanced tools cater to the needs of experienced traders. Scalpers, day traders, and algo traders will find Exness to be a suitable broker.

    Clients should keep in mind that accounts at offshore entities have limited regulatory oversight.

    While the Standard Account spreads may not be remarkable, spreads starting from 0.0 pips are accessible through Professional account types. The minimal swap fees and the option for social trading are additional advantages for traders.

    Disclaimer: Different conditions and features may apply depending on the account type, platform, financial product, client jurisdiction, payment method and others. In addition, different features may apply depending on the trading Company that the client is registered with, since Exness is a multi-regulated broker with licenses in different jurisdictions.

    FAQ

    The headquarters of Exness is situated at 1 Siafi Street, Porto Bello, Office 401 Limassol, Cyprus.
    Exness states that it offers negative balance protection and that it segregates client funds at all entities globally. In the event of a dispute, all clients can potentially benefit from compensation of up to €20,000 from the Financial Commission.
    Exness makes money from the bid/offer spread, commissions, and sometimes swap fees.
    You can deposit funds via bank cards and digital wallets.
    Standard account and Standard Cent account types do not have a minimum first deposit amount, depending on the payment provider you choose. For Professional accounts, the minimum deposit is $200.
    You can withdraw funds using digital wallets.
    Withdrawals are processed within 1 business day.
    Depending on your account equity, the maximum leverage varies from 1:unlimited to 1:500.
    Exness provides the Exness Terminal, Exness Trade App, MetaTrader 4, and MetaTrader 5.
    Yes, beginners can benefit from the Cent account, which offers access to the user-friendly Trading Terminal platform, allowing them to limit their risk in the live market.
    Yes, demo accounts are available via Exness Terminal, Exness Trade App, MetaTrader 4, and MetaTrader 5.
    Raw spreads and features like 1-click trading make Exness a viable broker for short-term traders and scalpers.
    Yes, clients can automate their trading via the MetaTrader 4 and MetaTrader 5 platforms.
    Yes, hedging is allowed at Exness.
    No, Exness does not offer spread betting.
    Yes, Exness offers free VPS enabling clients to run automated trading strategies unaffected by personal desktop or internet connectivity limitations.
    Exness either executes orders as a counterparty or transmits orders for execution to a third party (known as Straight Through Processing, STP).
    No, Exness is a broker only.

    See Exness Full Information

    Headquarters Country
    Cyprus
    Foundation Year
    2008
    Regulations
    CySEC (Cyprus), FSCA (South Africa), BVI FSC (Virgin Islands, British), CMA (Kenya), FCA (United Kingdom), FSA (Seychelles)
    Publicly Traded
    No
    Number Of Employees
    5000
    Trading Desk Type
    Market Maker
    Trading Platforms
    MT5, MT4, Exness Terminal
    Restricted Countries
    Malta, Netherlands, Portugal, Ireland, Spain, Saint Vincent and the Grenadines, American Samoa, Marshall Islands, Samoa, San Marino, Austria, Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, Finland, France, Germany, Italy, Latvia, Malaysia, Lithuania, Luxembourg, Hungary, Norway, Iceland, Poland, Romania, Greece, Guam, Vatican City, United States, Slovakia, Northern Mariana Islands, Puerto Rico, Sweden, Slovenia, Belgium, Switzerland, Denmark, Singapore, Micronesia, Palau, Virgin Islands, U.S., Canada, Greenland, Vanuatu, New Zealand, Kiribati, Australia, Fiji, Tuvalu, Christmas Island, Cocos Islands, Niue, Seychelles, Syria, Iraq, Yemen, Iran, Afghanistan, North Korea, South Korea, Myanmar, Uruguay, Nicaragua, Cuba, Bahamas, Barbados, Saint Martin, Haiti, Bonaire, Cook Islands, Albania, Belarus, Macedonia, Bosnia and Herzegovina, Svalbard and Jan Mayen, Kosovo, Monaco, Ukraine, Russian Federation, Andorra, United Kingdom, Guinea, French Polynesia, New Caledonia, Saint Pierre, Guadeloupe, Mayotte, Saint Barthelemy, Wallis and Futuna, Aland Islands, Sint Maarten, Curacao, Gibraltar, Cayman Islands, Saint Helena, Bermuda, Falkland Islands, Anguilla, Virgin Islands, British
    Supported Languages
    Korean, English, Urdu, Russian, Hindi, French, Indonesian, Portuguese, Thai, Arabic, Spanish, Bengali, Chinese, Japanese, Vietnamese
    Min Deposit
    $0
    Max Leverage
    1:30 (CySEC), 1:500 (FSCA), 1:1000 (BVI FSC), 1:2000 (CMA), 1:30 (FCA), 1:500 (FSA)
    Deposit Options
    PerfectMoney, Wire Transfer, Skrill, Neteller, Credit Card
    Withdrawal Options
    Neteller, Skrill, PerfectMoney
    Time to Withdrawal
    1
    Time to Open an Account
    5
    Crypto
    Ethereum, Bitcoin, Litecoin, Bitcoin Cash, Ripple
    Products
    Currencies, Stocks, Crypto, Indices, Commodities
    Demo Account
    Yes
    OCO Orders
    No
    Offers Hedging
    Yes
    Automated Trading
    Yes
    API Trading
    No
    Guaranteed Stop Loss
    Yes
    Guaranteed Limit Orders
    Yes
    Guaranteed Fills / Liquidity
    Yes
    Economic calendar
    Yes
    Trading From Chart
    Yes
    One-Click Trading
    Yes
    Expert Advisor
    Yes
    Social Trading
    Yes
    Autochartist
    No
    Trading Signals
    Yes
    Platform Languages
    Chinese, Thai, English, Arabic, Bengali, Spanish, French, Hindi, Indonesian, Japanese, Korean, Portuguese, Vietnamese, Ukrainian
    24 Hours Support
    Yes
    Support During Weekends
    Yes
    Live Chat
    Yes
    Daily Market Commentary
    Yes
    News (Top-Tier Sources)
    Yes
    Webinars
    No
    Deposit Fee
    No
    Withdrawal Fee
    No
    Inactivity Fee
    No

    About the Author

    Dan BlystoneBroker Analyst

    Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.

    Why you can trust FX Empire

    At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.

    Why you can trust FX Empire

    FXEmpire was founded in 2011, making us one of the first forex broker review sites. You can trust FXEmpire because of our thorough and unbiased review process. With over a decade of experience, we have a team of industry experts who conduct rigorous tests to ensure our reviews are accurate and unbiased. Our reviews are designed to bring clarity and confidence to the process of choosing a broker, and are based on objective criteria and measurable data. Our editorial team is composed of trading industry professionals and seasoned financial journalists, who ensure that our reviews are accurate and unbiased. Additionally, our review system is based on 9 core categories and over 250 distinct variables, which ensures that all aspects of a broker are considered before giving a final rating. So, you can trust FXEmpire to provide you with honest and informative reviews that will help you make an informed decision on which broker will best enable you to reach your financial goals.
    General Risk Warning: CFDs are leveraged products. Trading in CFDs carries a high level of risk thus may not be appropriate for all investors. The investment value can both increase and decrease and the investors may lose all their invested capital. Under no circumstances shall the Company have any liability to any person or entity for any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to CFDs.