Exness is a popular online forex and CFD broker that was founded in 2008. With over 1.5 million traders worldwide, Exness has grown to become one of the largest brokers in the industry. This detailed Exness review covers everything you need to know before trading with Exness, including regulation and safety, trading platforms, spreads and commissions, account types, deposit and withdrawal methods, customer support and more.
Introduction to Exness
Exness is regulated by the Financial Conduct Authority (FCA) in the UK and CySEC in Cyprus. With over 15 years of experience, Exness puts a strong emphasis on technology, innovation and customer support. The broker offers competitive trading conditions across over 70 currency pairs and CFDs on indices, commodities, stocks and crypto.
Key features of Exness include:
- Tight spreads from 0 pips
- Fast execution speeds of 0.01 seconds
- Multiple award-winning trading platforms
- $1 minimum deposit, no minimum trade size
- Crypto trading on BTC, ETH, LTC and XRP
- Negative balance protection guaranteed
Exness aims to provide traders with safe and reliable access to global markets. But how does Exness perform overall as a broker? This in-depth review covers everything you need to know.
Is Exness Regulated and Safe?
As a global online broker, regulation is crucial for Exness. Here are the key facts about Exness regulation and safety:
- Regulators: Exness is regulated by tier-1 regulators FCA UK (license no. 730729) and CySEC Cyprus (license no. 178/12).
- Client funds: Client funds are segregated from company funds and held in reputable banks like Barclays and UBS. This meets FSCS standards.
- Negative balance protection: Exness guarantees no negative balance through its unique technical implementation.
- Complaints: Exness is transparent in handling complaints. Most issues are resolved directly or via the regulator.
- Awards: Exness has won numerous industry awards praising their trading conditions, platforms and support.
Overall, Exness provides traders with a well-regulated trading environment. The tier-1 regulation, client fund protections and technology focus give peace of mind.
Exness Trading Platforms
Exness offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms:
MetaTrader 4 (MT4)
- Available on PC, Mac, iOS, Android
- Advanced charting with 100+ indicators
- Expert advisors for algorithmic trading
- One-click trading from charts
- Indicator Tester to backtest strategies
MetaTrader 5 (MT5)
- Improved charting and analytics
- More pending order types than MT4
- Hedging allowed on MT5 Cent account
- More instruments like stocks and indices
- Advanced MQL5 programming language
Exness MT4 and MT5 are fast and reliable with tight spreads and fast execution. Advanced traders can utilize the MQL4/MQL5 programming languages to build custom indicators and Expert Advisors for algorithmic trading.
For simplicity, Exness recommends MT4 for forex trading and MT5 for trading CFDs on stocks, commodities and indices. Both platforms are available with comprehensive mobile trading apps.
Exness Account Types
Exness offers three main live trading accounts plus a demo account:
- ECN account – True ECN model with tight spreads from 0 pips and fast execution through NDND FX liquidity. Commissions charged per trade. Minimum deposit is $100.
- Cent account – Raw spread model with no commissions. Spreads from 0.1 pips on major forex pairs. Minimum deposit is $1.
- Zero account – Islamic swap-free account compliant with Sharia law, available for Cent and ECN accounts.
- Demo account – Mirrors the live ECN account with $20,000 virtual funds. Ideal for testing strategies.
Overall, Exness account types cater well to all trader types. The Cent account has industry-leading minimum deposit and trade sizes, while ECN provides direct interbank market access for active traders. Swap-free accounts are also available for Islamic traders.
Exness Spreads, Commissions and Fees
Exness offers very competitive spreads and pricing:
- Spreads: Average spreads as low as 0.1 pips on major forex pairs for Cent account. ECN spreads from 0 pips.
- Commissions: $7 per lot round-turn commission for ECN account. Zero commission for Cent account.
- Fees: No deposit or withdrawal fees. Inactivity fees apply after 12 months without trading. Overnight and weekend swaps for carry trades.
- Minimums: Minimum deposit is $1 (Cent account), $100 (ECN account). No minimum trade size.
When comparing Exness vs competitors, the spreads and commissions are very favourable overall. Active traders get direct interbank access via ECN with tight spreads, while casual traders enjoy zero-commission trading with Cent accounts.
Deposits and Withdrawals
Exness offers several convenient payment methods:
- Credit/debit cards – Visa, Mastercard, Maestro, VPAY
- Skrill, Neteller, FasaPay – Major e-wallets
- Bank transfer – Local transfers; USD, EUR, GBP
- WebMoney – Popular in Eastern Europe
- Cryptocurrency – BTC, ETH, USDT, USDC
- Mobile payments – Piastrix, Vipps, mCash, etc.
The minimum deposit is $1 (Cent account) or $100 (ECN account). Most methods allow instant deposit processing, with key payment methods highlighted below:
| Method | Deposit | Withdrawal | Fees |
|---|---|---|---|
| Credit/Debit Card | Instant | 3-5 days | None |
| Skrill | Instant | Instant | None |
| Neteller | Instant | Instant | None |
| Cryptocurrency | < 10 mins | < 30 mins | None |
| Bank Transfer | < 1 day | 3-5 days | Fees may apply |
Exness processes withdrawals back to the original payment method used for depositing. Overall, Exness provides a good selection of hassle-free payment methods for deposits and withdrawals.
Exness Trading Resources
Exness aims to empower traders through education. Key resources include:
- Trading academy – E-learning courses and free daily webinars for all experience levels.
- Analysis – In-house technical and fundamental analysis.
- Autochartist – Built-in market scanner for trade ideas.
- VPS Hosting – Clients get free VPS (Virtual Private Server) for Expert Advisors.
- Psykology – Trading psychology performance tools and mental training.
- Exness Insights – Regular broker news, commentary and updates.
For beginner traders, the trading academy provides structured learning. Experienced traders can benefit from the technical and fundamental analysis. Overall, Exness offers industry-leading trader education.
Exness Customer Support
Exness provides customer support through:
- 24/5 multilingual live chat – For instant answers in 13 languages.
- Email support – Typically replies within 1 hour.
- Callback request – Get a call from support staff.
- International numbers – Regional support numbers with local language teams.
- Social media – Active Facebook, Instagram and Twitter pages.
- Help Center – Detailed FAQs and guides for self-service.
Customer satisfaction is a priority for Exness. Support is available 24/5 through various channels in over 13 languages. Response time is very prompt across email, chat and social media.
Is Exness Right for You?
Exness offers a lot of advantages for online traders:
- Trusted brokerage with solid regulation
- Award-winning trading platforms
- Ultra-low spreads and transparent commissions
- Deposits from $1 with small trade sizes
- Fast payments and helpful multilingual support
The main drawback is the limited trading products – only forex and CFDs are offered. Overall, Exness provides an excellent trading experience especially for forex and CFD traders looking for tight spreads and advanced trading platforms.
Conclusion – Excellent for Forex and CFD Trading
After reviewing key features across trading conditions, platforms, education and customer support, Exness emerges as a top choice for forex and CFD traders.
The combination of low-cost trading, cutting-edge MT4/MT5 platforms and an emphasis on trust and technology provides an optimal trading environment. Throw in multilingual support and a wealth of learning resources, and Exness stands out as a brokerage that cares deeply about client success.
For traders looking for a reputable and well-regulated broker with excellent trading technology, Exness deserves strong consideration. The broker excels in providing advanced yet easy-to-use trading platforms coupled with ultra-competitive pricing. Overall, Exness delivers a top-tier trading experience.
FAQs
Is Exness regulated and safe?
Yes, Exness is regulated by tier-1 regulators FCA UK and CySEC. Client funds are segregated for safety and negative balance protection is guaranteed. Exness has a trusted reputation after 15+ years in business.
What account types does Exness offer?
The main accounts are ECN (from $100) with direct market access and Cent (from $1 deposit) with raw spreads. Islamic swap-free accounts are also available. A free demo account is provided.
What trading platforms does Exness offer?
Exness offers the industry-leading MetaTrader 4 and MetaTrader 5 platforms. These provide advanced charting, indicators, EAs and algorithmic trading options powered by MQL4/MQL5.
What is the minimum deposit for Exness accounts?
The minimum deposit is $1 for Cent accounts and $100 for ECN accounts. This makes Exness accessible even for traders with small accounts.
Does Exness offer bonus offers?
No, Exness does not currently offer any bonus offers or promotions. They focus on providing optimal trading conditions without hidden terms and conditions.
How do I contact Exness customer support?
Support is available 24/5 by phone, email and live chat. Exness aims to resolve all client inquiries promptly in over 13 languages. Social media provides additional community engagement.
Best and Most Trusted Forex Brokers
Based on regulation, award recognition, mainstream credibility, and overwhelmingly positive client feedback, these six brokers stand out for their sterling reputations:
| No | Broker | Regulation | Min. Deposit | Platforms | Account Types | Offer | Open New Account |
|---|---|---|---|---|---|---|---|
| 1. | RoboForex | FSC Belize | $10 | MT4, MT5, RTrader | Standard, Cent, Zero Spread | Welcome Bonus $30 | Open RoboForex Account |
| 2. | AvaTrade | ASIC, FSCA | $100 | MT4, MT5 | Standard, Cent, Zero Spread | Top Forex Broker | Open AvaTrade Account |
| 3. | Exness | FCA, CySEC | $1 | MT4, MT5 | Standard, Cent, Zero Spread | Free VPS | Open Exness Account |
| 4. | XM | ASIC, CySEC, FCA | $5 | MT4, MT5 | Standard, Micro, Zero Spread | 20% Deposit Bonus | Open XM Account |
| 5. | ICMarkets | Seychelles FSA | $200 | MT4, MT5, CTrader | Standard, Zero Spread | Best Paypal Broker | Open ICMarkets Account |
| 6. | XBTFX | ASIC, CySEC, FCA | $10 | MT4, MT5 | Standard, Zero Spread | Best USA Broker | Open XBTFX Account |
| 7. | Vantage | ASIC, CySEC, FCA | $50 | MT4, MT5 | Standard, Cent, Zero Spread | 20% Deposit Bonus | Open Vantage Account |
| 8. | FXTM | FSC Mauritius | $10 | MT4, MT5 | Standard, Micro, Zero Spread | Welcome Bonus $50 | Open FXTM Account |
| 9. | FBS | ASIC, CySEC, FCA | $5 | MT4, MT5 | Standard, Cent, Zero Spread | 100% Deposit Bonus | Open FBS Account |
| 10. | Binance | DASP | $10 | Binance Platforms | N/A | Best Crypto Broker | Open Binance Account |
| 11. | TradingView | Unregulated | Free | TradingView | N/A | Best Trading Platform | Open TradingView Account |
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