Exness Review 2021

Review sections

• Investor Protection & Regulations
• Tradable Products
• Account Opening
• Deposit & Withdrawals options
• Web & Desktop Trading Platforms
• Mobile Trading Platforms
• Trading Features
• Commissions & Spreads
• Bonus & Promotions
• Customer Support
• Research
• Trader Education
• Trading Experience
• FAQ
• Conclusion

Exness Video Review

Investor Protection & Regulations

“Exness is a joint brand name for Nymstar Limited, a Securities Dealer registered in Seychelles and authorised and regulated by the Financial Services Authority (FSA), and Vlerizo (Pty) Ltd – a Financial Service Provider authorised and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa.”

Exness is a brand name for Nymstar Limited, a Securities Dealer registered in Seychelles and authorised and regulated by the Financial Services Authority (FSA), as shown on the regulator’s register below:

The broker also has three other entities each authorised and located in their own jurisdictions:

• Vlerizo (Pty) Ltd – a Financial Service Provider authorised and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa.
• Exness (UK) Ltd – authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom for B2B services.
• Exness (Cy) Ltd – authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC).

The broker provides further security of client funds by following the below regulatory requirements:

• Holding Funds in a segregated account from company funds.
• Negative balance protection policy.

Tradable Products

“Exness offers clients the ability to trade on over 200+ financial CFD instruments covering Forex, Shares, Indices, Energies, Metals and Cryptocurrencies.”

Exness offers clients the ability to trade on over 200+ financial CFD instruments covering Forex, Shares, Indices, Energies, Metals and Cryptocurrencies. Below is a list of just some of the available markets for trading:

* Details regarding the available assets are taken from the Exness website and are correct at the time of this review. You can find a more detailed list here.

Trading costs such as spreads and overnight funding (swap) rates vary depending on the entity, account type opened and instrument being traded and are covered further down this review.

Account Opening

“Exness offers five accounts which are divided into two main types: Standard and Professional. Standard accounts are designed for beginners and Professional accounts are for more experienced traders. Demo and Islamic (swap-free) accounts are also available.”

Exness offers five accounts which are divided into two main types: Standard and Professional. Standard accounts are designed for beginners and Professional accounts are for more experienced traders. Demo and Islamic (swap-free) accounts are also available.

The main features of the Standard accounts are summarised in the below table:

The main features of the Professional accounts are summarised in the below table:

Users can open a new account in just a few steps. After clicking the ‘Open a Live Account’ button on the broker’s homepage, users will be guided through the following steps:

1. Sign Up: Name, email and password.
2. Verify Email.
3. Verify Phone.
4. Personal Information: Name, date of birth and residence address.
5. Profile: Question regarding employment status, financial details and previous trading experience
6. Document Verification: Proof of identity (passport or driving licence) and proof of residence (utility bill or bank statement – not more than 6 months old).

The client portal is shown below:

The broker’s Seychelles and South African entities do not offer service to those in the following countries: USA, Saint Vincent and the Grenadines, American Samoa, Baker Island, Guam, Howland Island, Kingman Reef, Northern Mariana Islands, Puerto Rico, Midway Islands, Wake Island, Palmyra Atoll, Jarvis Island, Johnston Atoll, Navassa Island, Israel, Vatican, Malaysia, and Russia Federation, Canada, Australia, New Zealand, and Vanuatu, Andorra, Austria, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Ireland, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Norway, Netherlands, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, and the United Kingdom, North Korea, Ethiopia, Somalia, South Sudan, Iraq, Iran, Syria, Yemen, and Palestinian Territory, Guadeloupe, French Guiana, Martinique, Mayotte, Réunion, and Saint Martin, Gibraltar, Aland islands, Curacao.

Deposit & Withdrawals Options

“Exness offers a variety of fee-free deposits and withdrawals via debit/credit cards, Neteller, Skrill Perfect Money, WebMoney and Cryptocurrencies.”

Exness offers a variety of fee-free deposits and withdrawals via debit/credit cards, Neteller, Skrill Perfect Money, WebMoney and Cryptocurrencies. The below table shows the minimum deposits, fees and processing times:

Clients can deposit and withdraw funds through the client portal.

Web & Desktop Trading Platforms

“Exness offers users the ability to trade its WebTrader platform as well as the globally renowned MetaTrader 4 and MetaTrader 5 trading platform for Web, Windows and MAC.”

Exness offers users the ability to trade its WebTrader platform as well as the globally renowned MetaTrader 4 and MetaTrader 5 trading platform for Web, Windows and MAC. The platform features are highlighted below:

Exness Webtrader

• Trade multiple asset classes.
• Interactive charts.
• 2 Chart types
• No download needed.

Exness MetaTrader 4

• Fully customisable.
• Advanced charting.
• Over 30 built-in indicators.
• Downloadable on MAC systems.

Exness MetaTrader 5

• 9 time-frames.
• 80+ technical indicators.
• Expert Advisors (desktop platform only)
• Downloadable on MAC systems.

A screenshot of the Exness WebTrader platform is shown below and is covered in more detail in the video review:

Mobile Trading Platforms

“Exness offers users the ability to access mobile trading on the go from the MetaTrader 4 and MetaTrader 5 mobile trading apps for Android and iOS systems.”

Exness offers users the ability to access mobile trading on the go from the MetaTrader 4 and MetaTrader 5 mobile trading apps for Android and iOS systems. Both app download links can be found in the Google PlayStore or Apple AppStore.

The MetaTrader 4 and 5 mobile trading app provides a range of different features including:

• Trade and manage your account on the go.
• Multiple order types available.
• Real-time quote streaming.
• Simple to use interface.

The MetaTrader 4 and 5 mobile trading app is covered in more detail in the video review.

Trading Features

“Exness does offer additional trading features such as a Virtual Private Server (VPS), Social Trading, Trading Calculators and downloadable Tick History for numerous financial instruments.”

Exness does offer additional trading features such as a Virtual Private Server (VPS), Social Trading and downloadable Tick History for numerous financial instruments. The features of each are described below:

• VPS: Most suitable for users with automated trading strategies that require 24-hour uptime, high-security and ultra-fast execution speeds. Users will need to deposit at least 500 USD to use this service.
• Social Trading: The Exness Social trading app for iOS and Android systems allows users to follow signal providers and copy their trading strategy. Users can view the best performing traders, compare equity, leverage and trading conditions, view order history and more.
• Calculator: Helps users calculate Margin, Pip Value, Swap Long and Swap Short values for various financial instruments.
• Tick History: Users can download tick movements of currency pairs and other financial instruments over various periods.

Commissions & Spreads

“Trading costs vary between account type and the market traded but overall spreads and commissions are competitive. Standard accounts are commission-free whereas Professional accounts are commission-based.”

Trading costs vary between account type and the market traded but overall spreads and commissions are competitive. Standard accounts are commission-free whereas Professional accounts are commission-based. The table below shows the average spreads and commissions for each account type:

For Non-Islamic accounts, overnight funding or ‘swap’ fees are charged on positions that remain open overnight (22:00) GMT. If positions are being held over the weekend a three-day ‘swap’ charge will be charged on Wednesdays.

The broker also charges an inactivity fee of 10 EUR per month if there is no trading activity for at least six months.

Bonus & Promotions

“Currently, there are no bonuses or promotions available.”

Customer Support

“Exness offers multilingual 24/7 customer support via live chat, email and phone. There is also a comprehensive Help Centre on the broker’s website.”

Exness offers multilingual (English, Chinese, Thai, Indonesian, Arabic, Hindi, Urdu, Bengali, Vietnamese, Japanese, Korean, French, Spanish, Portuguese, Russian) 24/7 customer support via email, phone and contact form. There is also a comprehensive Help Centre on the broker’s website that includes questions on Getting Started, Payment Systems, Terminals, Trading and more.

After connecting to customer support live chat we were connected with an agent who answered our question within 20 seconds:

Contact Information:

• Address:
  • F20, 1st floor, Eden Plaza, Eden Island, Seychelles
• Email:
  • support@exness.com
• Phone:
  • +357 25 030959
• Social Media:
  • Facebook
  • Twitter
  • LinkedIn
  • YouTube

Research

“Exness offers a variety of market research, including Analytics provided by Trading Central, News by FXStreet, and its own Insights and Analysis on various markets.”

Exness offers a variety of market research, including Analytics provided by Trading Central, News by FXStreet, and its own Insights and Analysis on various markets. The main research available is summarised below:

• Analytics: Includes trade set-ups and signals provided by Trading Central covering Forex, Stocks, Indices and Commodities. The signals include potential scenarios, key price levels and price targets.
• News: A stream of important news headlines provided by FXStreet’s analysts.
• Insights and Analysis: Comprehensive articles covering a variety of topics such as Technical Analysis, Weekly Forex Data and Tips for Traders. Overall the content is varied and covers multiple markets including Forex, Indices, Stocks and Commodities.

The majority of the market research can be accessed through the education section of the personal room (client portal). Further, users can also access an Economic Calendar to keep up with current market events and important economic data releases.

Trader Education

“Exness offers extensive education material that includes the Exness Academy, Webinars, Articles, Videos and a Glossary.”

Exness offers extensive education material that includes the Exness Academy, Webinars, Articles, Videos and a Glossary. Each of these is described below:

• Exness Academy: Features a complete course divided into three segments: Essentials, Development and Breakthrough. The course is designed to help beginners start from scratch and build their way up to a more complete understanding of trading and analysing markets.
• Webinars: The webinars cover a variety of topics such as How To Create A Trade Plan, Candlestick Patterns, The Best use of Fibonacci in trading and more. The videos are also recorded in multiple languages.
• Articles: Includes numerous articles covering technical indicators, diversification, CFD Markets and more. Each article is labelled Introductory, Intermediate or Advanced so users can easily select the level of material that is suitable for them.
• Videos: Features short and informative videos on key areas of trading such as Leverage, Margin, Swap & Carries, Pips and Points and more. These videos are most suitable for beginners.
• Glossary: Contains a highly detailed library of key financial terms and their definitions.

Trading Experience

“Exness provides clients access to over 200+ financial CFD instruments across Forex, Shares, Indices, Energies, Metals and Cryptocurrencies, all through its WebTrader platform and the globally renowned MetaTrader 4 and MetaTrader 5 platforms for Web, Windows and MAC.

From our observations, Exness provides clients with multiple account options which come with unique features such as unlimited leverage (MT4 platform users only). There are a variety of accounts to choose from, both commission-free and commission-based. However, all accounts do have competitive spreads and commissions.

Users can access 200+ financial CFD instruments across Forex, Shares, Indices, Energies, Metals and Cryptocurrencies, all through the broker’s WebTrader platform and the globally renowned MetaTrader 4 and MetaTrader 5 trading platforms for Web, Windows and MAC. There is also a great selection of research and education material suitable for traders of all levels.

FAQ

Is Exness regulated?

Yes by the FSA of Seychelles, FSCA of South Africa and CySEC.

Where is Exness based?

F20, 1st floor, Eden Plaza, Eden Island, Seychelles

How does Exness make money?

Exness makes money mainly through spreads, commissions and swaps on certain asset classes.

How do I deposit in a Exness account?

Funds can be deposited via debit/credit cards, Neteller, Skrill Perfect Money, WebMoney and Cryptocurrencies.

What is the min. deposit for Exness?

The minimum deposit is $3.

How do I withdraw money from Exness?

Withdrawals can be made from the client portal via debit/credit cards, Neteller, Skrill Perfect Money, WebMoney and Cryptocurrencies.

What is the max leverage in Exness?

The broker offers unlimited leverage for users trading on the MT4 trading platform.

How do I open an account with Exness?

An account can be opened at the click of a button on the Exness website and can be done in just a few steps.

Does Exness use MetaTrader?

Yes, MetaTrader 4 and MetaTrader 5.

Conclusion

“Exness is a joint brand name for Nymstar Limited, an entity authorised and regulated by the Financial Services Authority (FSA), and Vlerizo (Pty) Ltd an entity authorised and regulated by the Financial Sector Conduct Authority (FSCA). The broker provides the ability to trade on 200+ financial CFD instruments covering Forex, Shares, Indices, Energies, Metals and Cryptocurrencies, from its WebTrader platform and the globally renowned MetaTrader 4 and MetaTrader 5 platforms.”

Exness was founded in 2008 and is a joint brand name of Nymstar Limited, a Securities Dealer registered in Seychelles and authorised and regulated by the Financial Services Authority (FSA), and Vlerizo (Pty) Ltd – a Financial Service Provider authorised and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa.

The broker offers clients the ability to trade on 200+ financial CFD instruments covering Forex, Shares, Indices, Energies, Metals and Cryptocurrencies, from its WebTrader platform and the globally renowned MetaTrader 4 and MetaTrader 5 platforms for Web, Windows and MAC.

There are two account categories – Standard and Professional. Standard accounts are commission-free and are most suitable for beginners whereas Professional accounts are commission-based and are aimed at more experienced traders. However, the broker does offer unlimited leverage (MT4 platform only) and competitive spreads and commissions across both account types. Demo and Islamic (swap-free) accounts are also available.

Exness offers a variety of fee-free deposits and withdrawals via debit/credit cards, Neteller, Skrill Perfect Money, WebMoney and Cryptocurrencies. Multilingual customer support is also available 24/7 via live chat, email and phone. There is also a comprehensive Help Center on the broker’s website.

The broker does provide many additional trading features such as a Virtual Private Server (VPS), Social Trading, Trading Calculators and downloadable Tick History for numerous financial instruments. Equally, the research and education material is also packed with great content including Analytics, News, Insights and Analysis, an Economic Calendar, Exness Academy, Webinars and more.

• 200+ financial CFD instruments
• Unlimited leverage.
• Commission-free trading available.
• MT4/MT5 available.
• Fee-free deposits and withdrawals