Exness Review 2024
Cyprus
Leverage: Up to 1:2000
Deposit: From 1 USD
Spread: Medium
Regulation: CySEC (Cyprus Securities and Exchange Commission), FCA (Financial Conduct Authority, UK), FSA (Seychelles), FSCA (South Africa)
Leverage: Up to 1:2000
Deposit: From 1 USD
Spread: Medium
Regulation: CySEC (Cyprus Securities and Exchange Commission), FCA (Financial Conduct Authority, UK), FSA (Seychelles), FSCA (South Africa)
Broker type: ECN, STP
Offices: Cyprus, United Kingdom, Seychelles, South Africa
Platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), Exness proprietary platforms
Instruments: 100+ Forex pairs, Commodities, Indices, Cryptocurrencies, Stocks
Payment Methods:
General Overview
Exness, established in 2008, has become a reputable broker known for its low spreads, excellent customer service, and wide range of account types. Offering the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, Exness supports traders across multiple regions. The broker caters to a global audience, providing a reliable trading environment with competitive pricing. Whether you are a beginner or an experienced trader, Exness offers something for everyone. This Exness review will help you understand the key aspects of the broker, including its fees, account types, and more.
Pros
- Regulated by multiple financial authorities
- Low spreads and competitive trading fees
- Wide range of tradable instruments
- Flexible leverage options up to 1:2000
- No deposit or withdrawal fees
Cons
- Inactivity fee for dormant accounts
- Limited account types in certain regions
Trust and Safety
Regulations: CySEC (Cyprus Securities and Exchange Commission), FCA (Financial Conduct Authority, UK), FSA (Seychelles), FSCA (South Africa)
When choosing a forex broker, trust and safety are paramount. Exness is committed to offering a secure and regulated trading environment for its clients. Below, we explore the broker's regulatory status and safety features.
Is Exness Regulated?
Exness is a fully regulated broker, holding licenses from top financial authorities such as the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC). These regulatory bodies ensure that Exness operates with transparency and adheres to strict financial guidelines, providing peace of mind for traders.
Is Exness Safe?
In addition to its regulatory licenses, Exness offers negative balance protection and segregated client accounts to enhance its safety. The broker also employs advanced encryption technologies to secure all financial transactions, making it a safe choice for traders looking for a reliable trading environment.
Trading Platforms
MetaTrader 4 (MT4) | MetaTrader 5 (MT5) | Exness proprietary platforms
Visit PlatformsExness provides a variety of trading platforms that cater to different trading styles. These include the widely used MetaTrader platforms as well as proprietary platforms for mobile trading.
Exness MetaTrader 4
The MetaTrader 4 (MT4) platform is the go-to choice for many forex traders. Exness offers this platform, which includes a range of tools, indicators, and automated trading options. MT4's user-friendly interface makes it suitable for beginners and seasoned traders alike. Exness MT4.
Exness MetaTrader 5
Exness also offers the upgraded MetaTrader 5 (MT5) platform, which includes more advanced charting tools and additional timeframes. Traders looking for more analytical depth may prefer the MT5 platform.
Exness GloryTrader
In addition to MT4 and MT5, Exness provides its proprietary platform, GloryTrader. This platform is designed for mobile traders, offering a seamless experience on smartphones and tablets.
Exness Mobile Platform
Exness’s mobile trading platform is available for both Android and iOS devices. It allows traders to access their accounts, execute trades, and monitor market conditions on the go, making it highly convenient for active traders.
Tradable Instruments
Instruments: 100+ Forex pairs, Commodities, Indices, Cryptocurrencies, Stocks
Account Types
Account Types
Exness offers several account types to cater to different trading needs. From beginner-friendly Standard accounts to more advanced Raw Spread and Zero accounts, there is something for every trader.
Standard Account
The Standard Account is ideal for beginners. It offers commission-free trading with spreads starting from 0.3 pips. This account type provides access to all tradable instruments and is available on both MT4 and MT5.
Raw Spread Account
The Raw Spread Account is designed for more experienced traders looking for tighter spreads. Spreads can go as low as 0.0 pips, but there is a fixed commission per trade. This account type is perfect for traders who want precise price action and prefer paying a commission for lower spreads.
Zero Account
The Zero Account offers zero spreads on 30 major forex pairs for up to 95% of the trading day, with a commission per trade. It is suitable for traders looking to capitalize on extremely tight pricing without worrying about spread costs, particularly during periods of high market volatility.
Pro Account
The Pro Account is tailored for professional traders seeking better trading conditions. It offers spreads starting from 0.1 pips with no commission. This account type provides higher trade execution reliability, making it a great choice for those who require greater control over their trading strategy.
Exness Leverage
One of Exness’s standout features is its flexible leverage options, which can go as high as 1:2000 depending on the account type and region. However, traders should exercise caution as high leverage can significantly amplify both profits and losses.
Deposits and Withdrawals
Exness provides a wide range of deposit and withdrawal methods, making it convenient for traders worldwide. Whether you prefer bank transfers or e-wallets, the broker offers plenty of options to suit your needs.
Exness Deposit Options and Fees
Traders can fund their Exness accounts through various methods, including bank transfers, credit cards, and popular e-wallets like Skrill and Neteller. There are no fees associated with deposits, and the processing time is usually instant for most methods. Exness deposit methods.
Exness Withdrawals Options and Fees
Exness allows withdrawals via the same methods used for deposits, and similar to deposits, withdrawals are fee-free. The processing time can vary depending on the method chosen but is typically completed within 24 hours. Exness withdrawals.
Mastercard
Visa
Skrill
Fees and Commissions
Exness is known for offering competitive fees, making it a cost-effective option for traders. Below, we break down the different types of fees, including trading and non-trading charges.
Exness Trading Fees
Exness offers tight spreads and low commissions on its accounts. For Standard Accounts, the spreads start from 0.3 pips, while the Raw Spread account offers spreads from 0.0 pips with a small commission fee. The broker ensures that trading fees are transparent, with no hidden costs involved.
Exness Spreads
The broker's spreads are highly competitive, particularly for major currency pairs like EUR/USD. Exness's spreads are dynamic, which means they can vary depending on market conditions, but they generally remain within a tight range, making it a preferred choice for many traders.
Exness Non-Trading Fees
Exness does not charge any deposit or withdrawal fees, making it convenient for traders. However, the broker may charge inactivity fees if your account remains idle for an extended period. These non-trading fees are clearly outlined in their terms and conditions.
Bonuses and Promotions
Exness occasionally offers bonuses and promotions to its clients, including a 50% deposit bonus for new traders. This promotion can give you additional funds to trade with, enhancing your trading experience. However, it is essential to read the terms and conditions before claiming any bonus.
Exness 50% Deposit Bonus
The 50% deposit bonus offered by Exness allows new traders to boost their initial trading capital. The bonus is available on the first deposit and can be used to open more positions in the market.
Education
Exness offers a comprehensive range of educational resources for traders of all levels. These include webinars, video tutorials, and market analysis reports. The broker’s education center is designed to help traders improve their skills and make more informed trading decisions.
Allowed Countries
Exness is available to traders in many countries, including the UK, Cyprus, and other regions regulated by international financial authorities. However, the broker does not offer services to residents of certain jurisdictions like the United States and Canada due to regulatory restrictions.
Excluded Countries
USA
Canada
Iran
Sudan
Syrian Arab Republic
North Korea
Customer Support
Exness provides 24/7 customer support through multiple channels, including live chat, email, and phone support. The broker’s multilingual support team is highly responsive, ensuring that traders can quickly resolve any issues they may encounter.
Broker Name: Exness
Broker Type: ECN, STP
Country: Cyprus
Operating since year: 2008
Regulations: CySEC (Cyprus Securities and Exchange Commission), FCA (Financial Conduct Authority, UK), FSA (Seychelles), FSCA (South Africa)
Phone: +357 25 030939 (Cyprus Office)
Email: [email protected]
Address: Exness (Cy) Ltd 1 Siafi Street, Porto Bello, Office 401, 3042 Limassol, Cyprus
Broker status: Active
FAQs
Is Exness a good broker?
Yes, Exness is a well-regulated broker with competitive fees and a wide range of tradable instruments, making it a good choice for traders of all levels.
What is the minimum deposit for Exness?
The minimum deposit for Exness varies depending on the account type. For the Standard Account, it starts as low as $1, making it accessible for beginners. However, other account types like the Raw Spread and Zero accounts may have higher minimum deposit requirements.
Does Exness offer a demo account?
Yes, Exness provides a demo account for both MT4 and MT5 platforms. The demo account is an excellent tool for beginners to practice trading strategies without risking real money. It offers the same conditions as a live trading account, enabling users to gain practical experience.
What is the leverage offered by Exness?
Exness offers highly flexible leverage options, going up to 1:2000 for some accounts. The leverage ratio depends on the trader's region and the specific account type they choose. However, high leverage can increase both potential profits and risks.
Are there any non-trading fees with Exness?
Exness does not charge any fees for deposits and withdrawals. However, there is an inactivity fee if your account remains dormant for an extended period. It's essential to check Exness’s terms and conditions for detailed information about non-trading fees.
How can I contact Exness customer support?
You can reach Exness customer support 24/7 through various channels, including live chat, phone, and email. The support team is multilingual, providing help in several languages to cater to a global client base.
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