Founded in 2008, the Exness Group (Exness) maintains two entities with regulatory status in the European Union (EU): Exness UK Ltd, regulated by the Financial Conduct Authority (FCA) in the United Kingdom (UK), and Exness (Cy) Ltd, regulated by the Cyprus Securities and Exchange Commission (CySEC), with passports throughout several EU member states.
Exness Broker Review
Exness offers the popular suite of trading platforms developed by MetaQuotes Software Corporation, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The broker provides multiple account types and access to 104 forex pairs and eight metals contracts.
Trading with a forex broker traders can trust is crucial to success. Unfortunately, forex fraud and scams are common in the industry.
Here at ForexBrokers.com, we maintain the largest independent regulatory database available on the web. Using 28 different variables, we have created a proprietary 1-100 score (the higher the better) of overall trustworthiness, which we call the Trust Score. Here is our trust summary of Exness.
|Publicly-Traded Company (Listed)||No|
|Regulated in Major Hub||Yes|
|Regulated in Emerging Hub||No|
|Authorised in the European Union||Yes|
|CFTC Registered (USA)||No|
|FCA Regulated (UK)||Yes|
|IIROC Authorised (Canada)||No|
|FINMA Authorised (Switzerland)||No|
|ASIC Authorised (Australia)||No|
|SFC Authorised (Hong Kong)||No|
|MAS Authorised (Singapore)||No|
|FSA Authorised (Japan)||No|
|FMA Authorised (New Zealand)||No|
|CySEC Authorised (Cyprus)||Yes|
Offering of Investments
The following table summarizes the different investment products available to Exness clients.
|Minimum Initial Deposit||$1.00|
|Currency Pairs (Total Forex pairs)||104|
|CFDs – Total Offered||112|
|Exchange Traded Securities: US||No|
|Exchange Traded Securities: International||No|
|Cryptocurrency traded as actual||No|
|Cryptocurrency traded as CFD||No|
Commissions & Fees
Exness offers several account types and execution methods where the commissions and fees vary. In the Classic MT4 account a minimum deposit of $2000 is required, and the spreads are slightly lower than in the Mini account.
Exness lists an average spread of 0.9 pips for the Classic account.
|Average Spread EUR/USD – Standard||0.90|
|All-in Cost EUR/USD – Active||N/A|
|Active Trader or Premium/VIP||No|
Exness offers research mainly in the form of third party content, including headlines from Dow Jones News within the trading platforms, and content from Trading Central, including Trading Central WebTV, which has daily video content.
Exness also offers the TC TechnicalAnalysis Trading Indicator from Trading Central, and an economic calendar. The broker lacks in-house content, and the last post in its Analytics section had not been updated since early January 2018. Although Exness’s range of third party research is satisfactory, it could improve its in-house research offering significantly.
|Daily Market Commentary||No|
|Forex News (Top-Tier Sources)||Yes|
|Trading Central (Recognia)||Yes|
|Social Trading / Copy-Trading||No|
|Social Sentiment – Currency Pairs||No|
|Client Webinars (Archived)||Yes|
|Videos – Beginner Trading Videos||Yes|
|Calendar Includes Forecasts||Yes|
|Economic News Sentiment||No|
|Trade Ideas – Backtesting||Yes|
Platforms & Tools
Exness is a MetaTrader-only broker, offering the suite of platforms from MetaQuotes Software Corporation, including the MT4 and MT5 platforms.
While MT4 and MT5 come standard, with little variation in functionality from broker to broker, there can be significant differences in how the platform is set up for trading spreads and commissions, execution, and other tools, features, and administrative areas.
Key Features of Exness:
- VERY LOW SPREAD
- FREE VPS SERVICES
- FASTEST WITHDRAWALS WITHIN A MINUTE
- ZERO FEES ON DEPOSITS & WITHDRAWALS
- LEVERAGE 2000:1
- SWAP FREE ACCOUNTS
- CENT ACCOUNT
- BEST CUSTOMER SUPPORT