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Exness logo

Exness Review 2024

By:
Dan Blystone
Updated: Nov 28, 2023
Overall Rating
4.6
  • Trust
    4.3
  • Fees
    4
  • Platforms and Tools
    4.9
  • Tradable Instruments
    4.3
  • Customer Support
    4.9
  • Research
    4.8
  • Deposit and Withdrawal
    4.9
  • Account Types and Terms
    4.9
  • Education
    4.9
  • 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

    Established in 2008, Exness is a forex and CFD broker that offers access to trading in currencies, cryptocurrencies, stocks, indices, and commodities. Based in Limassol, Cyprus, the broker boasts an active client base of over 400,000 and more than 2,000 employees across Asia and Europe.

    Regulated in multiple jurisdictions around the world, Exness provides a high level of safety and transparency. I found Exness to be a well-rounded broker, with its fast execution speeds, range of user-friendly platforms, and multilayered protections, making it suitable for all kinds of traders.

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

    Exness Pros and Cons

    Pros Cons
    • Tight spreads in forex pairs
    • 24/7 support.
    • Multiple account types
    • Free VPS hosting
    • Social trading
    • Low fees
    • Third-party tools
    • Not available in Europe and the UK for retail clients
    • Limited regulatory oversight at some entities

    Exness Highlights for 2024

    • Comprehensive Regulation: Exness is regulated by several top-tier financial authorities, ensuring robust safety and compliance standards.
    • Diverse Tradable Instruments: The broker offers a wide array of  CFD trading options, including 100 forex pairs and a list of 33 cryptocurrencies.
    • Competitive Costs: Known for tight spreads, particularly in forex pairs, Exness stands out. Additionally, it charges no inactivity, deposit, or withdrawal fees.
    • Advanced Trading Platforms: Exness provides the proprietary Exness Terminal platform, equipped with user-friendly TradingView charts. It also offers MetaTrader 4&5 with a broader range of tools.
    • Robust Educational Resources: The Exness Academy presents three comprehensive courses, encompassing dozens of video lessons and articles, ranging from trading basics to advanced topics.

    What Sets Exness Apart?

    Exness has some positive features that differ from the norm. For example, there are no inactivity fees, no deposit or withdrawal fees, and instant withdrawals in many cases. Exness has a transparent price history by providing tick-level data across all instruments. Free VPS hosting is available for advanced traders and those using automated trading strategies. Social trading adds another dimension by allowing Exness clients to invest in other traders’ strategies or earn money by sharing their own.

    Who is Exness for?

    Exness is a well-rounded broker that can cater to new and experienced traders. The proprietary Trading Terminal platform is intuitive and a good starting point for new traders. Moreover, Exness provides a wide range of educational content, including articles, videos, and courses. Advanced traders can access the MetaTrader platform and sophisticated trading tools and take advantage of extremely high leverage with an offshore entity regulated by FSA Seychelles.

    In our review of Exness, we focused on the services provided by Exness (SC) Ltd., authorized by the Seychelles Financial Services Authority (FSA). We conducted our tests using a Standard account and the Exness Terminal platform. Some of the features and services will vary depending on where you live.

    Exness Main Features

    ☑️ RegulationsFSA (Seychelles), FSCA (South Africa), BVI FSC (Virgin Islands, British), FSCM (Mauritius), CMA (Kenya), FCA (United Kingdom), CySEC (Cyprus)
    🗺 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 Leverage1:500 (FSA), 1:500 (FSCA), 1:1000 (BVI FSC), 1:499 (FSCM), 1:2000 (CMA), 1:30 (FCA), 1:30 (CySEC )
    🖥 Trading Desk TypeMarket Maker, No dealing desk
    📊 Trading PlatformsMT5, Proprietary, MT4
    💳 Deposit OptionsWire Transfer, Cryptocurrencies, Neteller, Webmoney, Skrill, QIWI, Credit Card, PerfectMoney
    💳 Withdrawal OptionsCryptocurrencies, Neteller, Webmoney, Skrill, QIWI, Credit Card, 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 15 years of operating history and is regulated by multiple authorities, including top-tier CySEC and the UK FCA. However, the broker does not accept retail clients in Europe or the UK. Retail customers are assigned to entities regulated offshore, offering few protections.

    Exness on the Financial Conduct Authority (FCA) Register

    In our trust category, we place the most importance on how a broker is regulated. Here we cover how the different entities of Exness across the globe are regulated and how this impacts you. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of protection.

    Entities of Exness are regulated by the following authorities:

    • Exness (UK) Ltd. is an Investment Firm authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom under the Financial Services Register number 730729. We rate the FCA as a Tier-1 regulator.
    • Exness (Cy) Ltd. is a Cyprus Investment Firm authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 178/12. We rate CySEC as a Tier-1 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 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 B.V. is a Securities Intermediary authorized and 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 Tier-3 regulator.
    • Exness (VG) Ltd is authorized by the Financial Services Commission (FSC) in the British Virgin Islands (BVI) with registration number 2032226 and investment business license number SIBA/L/20/1133. We rate the BVI FSC as a Tier-3 regulator.
    • Exness (MU) Ltd is authorized by the Financial Services Commission (FSC) in Mauritius with registration number 176967. We rate the Mauritius FSC as a Tier 3 regulator.
    • Tadenex Limited is authorized by the Capital Markets Authority (CMA) in Kenya as a non-dealing online foreign exchange broker with license number 162. We rate CMA as a Tier 3 regulator.

    Why is it important to know where your broker subsidiary (entity) is regulated?

    Different regulators provide different levels of protection. For example, Exness clients in the United Kingdom benefit from the oversight of the FCA. The FCA requires that clients have negative balance protection, which means they cannot lose more than their deposit. Client funds must be held in segregated accounts, which are protected in case a broker goes bankrupt.

    In addition, when trading with a broker authorized by the FCA, client funds are protected by the Financial Services Compensation Scheme (FSCS). The FSCS protects investments of up to £85,000 if a firm becomes insolvent. By contrast, a trader working with a broker entity regulated offshore would not have these benefits guaranteed to them.

    Offshore clients of Exness have access to compensation via the Financial Commission, an international organization engaged in the resolution of disputes in the financial services industry for the forex market. The Compensation Fund will only cover judgments made by the Financial Commission of up to €20,000 per client.

    The table below breaks down the mandated protections and benefits by entity, regulator, and region.

    Entity Exness (UK) Ltd. Exness (Cy) Ltd. Exness ZA (PTY) Ltd. Exness (SC) Ltd. Exness B.V. Exness (VG) Ltd. Exness (MU) Ltd.
    Country/Region United Kingdom Europe South Africa Seychelles Curaçao and Sint Maarten British Virgin Islands Mauritius
    Regulation FCA CySEC FSCA FSA CBC FSC FSC
    Segregated Funds Yes Yes Yes Yes Yes Yes Yes
    Negative Balance Protection Yes Yes No No No No No
    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
    Standard Leverage 1:30 1:30 1:400 1:2000 1:500 1:500 1:500

    Regulatory requirements are subject to change. The data listed above was gathered in February 2023.

    Stability and Transparency

    In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focus on how long the broker has been in business, how big the company is, and how transparent it is in terms of information being readily available.

    Exness has a substantial operating history of 15 years. According to their LinkedIn page, the company is headquartered in Limassol, Cyprus, and has over 2,000 employees in offices located in Asia and Europe.

    In our research, Exness showed an average level of transparency in their regulatory status, with a listing of all their entities and their regulators on their Regulation page. However, with so many offshore entities it is not clear which entity you would be assigned to if you open an account. Trading costs are covered in detail on the Fees page.

    We would have liked to see more information on the background and history of the company on the website, as there is no page dedicated to this. The Client Agreement document is available on the Legal Documents page.

    Fees

    4
    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 offers fairly competitive spreads in their standard account, and even tighter spreads are available via their professional accounts. Swap fees and non-trading related fees are minimal at this broker.

    In the Standard Account, Exness earns money mainly from spreads (the gap between the bid and offer prices of an asset).

    Trading Fees

    Spreads at Exness are variable, meaning that they fluctuate slightly. The spread’s size depends on the market’s level of liquidity. Liquidity describes how much an instrument can be bought and sold quickly without moving the market. Traders typically experience tighter spreads when there is greater liquidity in the market.

    Using the Web Trader platform, we measured the spreads at Exness across different asset classes in a Standard account. We tested at 8:00 a.m. GMT and 3:00 p.m. GMT on 13 February 2023. 8:00 a.m. GMT is the London open when there is high liquidity in the forex market and tighter spreads in currency pairs. 3:00 p.m. GMT is a quieter time, shortly before the opening of the New York stock exchange.

    Instrument Spread AM Spread PM
    EUR/USD 1 Pip 0.8 Pip
    GBP/JPY 2 Pips 2 Pips
    Gold 20 Pips 20 Pips
    WTI Oil 6.2 Pips 6.2 Pips
    Apple n/a 9 Pips
    Tesla n/a 11 Pips
    Dow 30 7.2 6.4
    Dax 30 5.8 Pips 5.2 Pips

    Our research showed that spreads in forex, stocks, and commodities are competitive within the industry. However, the spreads in indices are relatively wide.

    Swap Fees

    Exness does not charge swap fees for stocks, crypto, indices, gold, and some popular currencies, depending on your account settings.

    Exness has two swap-free levels: Extended and Standard. The difference is in the number of instruments you can keep overnight without being charged.

    With the standard swap-free level, Exness does not charge swap fees for XAU/USD, indices, cryptocurrencies, or stocks. Swaps are charged for all other instruments.

    With the extended swap-free level, no swap fees are charged for AUD/NZD, AUD/USD, EUR/CHF, EUR/USD, GBP/JPY, GBP/USD, NZD/USD, USD/CAD, USD/CHF, USD/JPY, USOIL, AUD/CHF, AUD/JPY, EUR/AUD, EUR/CAD, EUR/GBP, EUR/JPY, EUR/NZD, GBP/CHF, GBP/NZD, NZD/JPY, NZD/CAD, XAU/USD, indices, cryptocurrencies, and stocks. Swap fees are charged for all other metals, minor pairs, exotic pairs, and UKOIL.

    To get the extended swap-free level, you must trade mostly within the day and keep a small number of overnight positions.

    We measured the cost of swaps in EUR/USD and GBP/JPY and recorded the overnight charges/credits.

    Instrument Swap Long Swap Short
    EUR/USD Charge of $7.69 Credit of $0
    GBP/JPY Charge of $0 Charge of $18.91

    The data above was recorded on 13 February 2023.

    Non-Trading Fees

    Exness does not charge an inactivity fee, and there are no deposit or withdrawal fees.

    Are Fees at Exness Competitive?

    Fees at Exness are mostly competitive, and this broker deserves credit for keeping swaps and non-trading fees to a minimum. Spreads in forex pairs such as EUR/USD and GBP/JPY are better than the industry average.

    Exness logo
    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.

    Platforms and Tools

    4.9
    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 offers its proprietary Exness Terminal platform, which is feature-rich and user-friendly. MetaTrader 4 and 5 with a broader range of order types and systematic trading are also available.

    Exness Terminal Web Platform

    Exness Terminal Platform

    The Exness Terminal has an intuitive interface and popular features such as watchlists, 1-click trading, and trading from the chart. The platform also has unique features such as a sentiment indicator which tells you the percentage of buy and sell orders recently opened by traders.

    Exness Terminal Order Entry

    Available order types include market orders and pending orders (buy limit, buy stop, sell limit, sell stop, buy stop limit, sell stop limit, take profit, and stop loss). Trailing stop and time-in-force orders (such as GTC) are unavailable.

    Exness Terminal Charts

    Advanced charts from TradingView are built into the Exness Terminal platform. The robust charting software includes:

    • 88 technical indicators, from the Accumulative Swing Index to the Zig Zag indicator.
    • 32 drawing tools, including Fibonacci retracement and Pitchforks.
    • 14 time frames ranging from 1-minute to monthly charts.
    • 11 chart types, from Japanese candlesticks to Renko charts.

    Exness Trade 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 two chart types (line and candle), seven timeframes (M1, M5, M15, M30, H1, H4, D1), and classic 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.

    MetaTrader 4&5

    MetaTrader 4 Platform

    Exness offers the popular MetaTrader 4 and MetaTrader 5 platforms for desktop, which include advanced functions such as copy trading and automated trading.

    MetaTrader 4 is available in 39 languages, from Arabic to Vietnamese. The platform provides popular features such as:

    • Alerts. This feature allows traders to be updated when an instrument reaches a specific price level. The platform can deliver alerts via audio, email, or push notification to a mobile device.
    • Watchlists. Traders can create a list of their favorite instruments and follow live quotes in a market watch panel.
    • One-Click Trading. This feature allows traders to execute orders with a single click and no secondary confirmation. This feature enables traders to operate faster and is especially useful for short-term traders.
    • Trading from the Chart. MT4 also allows users the convenience of trading directly from the chart.
    Order Entry on the MetaTrader 4 Platform

    MetaTrader also delivers when it comes to the range of available order types. The platform offers the following order types:

    • Market Order. Traders use market orders to buy or sell an instrument at the best current price.
    • Limit Order. Traders use limit orders to buy or sell an instrument at a specified price or better.
    • Stop Loss Order. Traders use stop-loss orders to buy or sell an instrument when its price reaches a specified level.
    • Trailing Stop Order. Traders use trailing stop-loss orders as a stop-loss order at a defined percentage or dollar amount away from an instrument’s current market price. Trailing stop orders allows traders to secure profits when they are in a winning trade while not having to exit the position.
    Charting on the MetaTrader 4 Platform

    Charting features are robust. MetaTrader 4 offers:

    • 30 Technical Indicators. These include classic trend indicators, volume indicators, and oscillators.
    • 23 Analytical Objects. These include lines, channels, Gann, and Fibonacci tools.
    • 9 Time Frames. Traders can choose time frames from one minute to one month.
    • 3 Chart Types. Traders can use bar charts, Japanese Candlestick charts, and line charts.

    MetaTrader is also popular due to its copy trading and automated trading features.

    • Trading Signals. Signals in MetaTrader 4 allow users to copy other traders’ activity in real-time.
    • Automated Trading. MetaTrader 4 allows users to develop, test, and apply Expert Advisors (EAs) – programs that monitor and trade markets using algorithms.

    The MetaTrader 4 desktop platform is one of the most feature-rich and popular trading platforms. It does not have the most beautiful interface and requires some time and effort to learn, but that is typical of advanced platforms.

    MetaTrader 4 Web

    MetaTrader 4 Web Platform

    MT4 account holders can also access the MetaTrader 4 Web Platform – a slightly stripped-down version of the desktop platform. It allows you to trade without additional software, only an internet connection is required. The Web Platform allows users to trade directly from any browser and operating system.

    Popular features include:

    • One-click trading.
    • Trading from the chart.
    • Watchlists with real-time quotes.
    • Trade history.
    • Advanced charting with 30 indicators for technical analysis.

    Copy and automated trading are also available only on the MT4 desktop platform.

    MetaTrader 4 Mobile App

    MetaTrader 4 Android Mobile App

    Exness also offers MT4 account holders access to the Android MetaTrader 4 app. It offers popular features such as alerts, 1-click trading, and trading from the chart. The MetaTrader 4 mobile app also provides various order types, including pending and stop orders. However, trailing stop-loss orders are only available from the desktop. To change the language of the MT4 app, you must change the language for your entire phone. As with desktop and web, the interface could be more intuitive, but the MT4 app offers an above-average range of features.

    Order Execution

    In the case of Standard and Standard Cent accounts, Exness is a market maker broker, meaning that they set the bid (buy) and offer (sell) prices internally and automatically take the other side of a client’s trade.

    Tradable Instruments

    4.3
    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 has a good range of instruments available for trading, including forex and CFDs on commodities, stocks, indices, and cryptocurrencies.

    CFDs (Contracts for Differences) are financial derivative products that allow traders to speculate in various markets without owning the underlying assets. Tradable instruments at Exness include the following assets:

    • 100 Currency Pairs. A currency pair combines two different currencies, with the value of one currency quoted against the other. For example, EUR/USD, which reflects the value of the euro measured in dollars.
    • 13 Indices. An index is a basket of trading instruments that are used to gauge a market sector, stocks within an exchange, or the economy of a country.
    • 33 Cryptocurrencies. Cryptocurrencies, such as Bitcoin, are digital currencies that are secured by cryptography.
    • 74 Stock CFDs. A stock is a security that represents partial ownership of a corporation. Keep in mind that when trading stock CFDs you are speculating on the price of a stock without actually taking ownership of the underlying company.
    • 14 Commodity CFDs. Commodities are raw products, such as gold and oil.

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

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

    Disclaimer: CFDs are complex instruments with a high risk of losing money rapidly due to leverage.

    In the category of Tradable Instruments, Exness is strongest in forex, commodities, and indices and has a relatively sparse offering in stocks.

    Customer Support

    4.9
    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

    Multi-lingual support is available 24 hours a day, seven days a week. Traders can reach the team via email, chat, and phone.

    Exness Chat Support

    Chat support at Exness begins with a bot. You are assigned to a live representative if the bot cannot answer your question. Live support was helpful, and the wait times were usually less than a minute. For email inquiries, it took several days to receive a response.

    Over the phone, we received a fast response via the international support line in Cyprus (+35725030959). The agent was helpful and gave a thorough answer.

    We tested support with a variety of questions. These ranged from the basic, for example, ‘what is the maximum leverage available’, to more complex inquiries, such as ‘how are orders executed at Exness?’. Overall we received good-quality responses.

    Customer Support Languages
    English | Chinese | Thai | Vietnamese | Swahili | Indonesian | Arabic | Hindi | Urdu | Bengali | Japanese | Korean | French | Spanish | Portuguese | Russian

    Deposits & Withdrawals

    4.9
    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

    Exness shines in deposits and withdrawals, with many available methods and instant processing time in many cases.

    Deposit methods at Exness range from bank transfers to credit cards, cryptocurrency, and digital wallets.

    Deposit Method Minimum Deposit Processing Time
    Bitcoin $10 up to 3 days
    Bank Card $10 up to 5 days
    Internet Banking $10 up to 7 days
    Skrill $10 within 5 hours
    Neteller $10 within 1 hour
    Perfect Money $50 up to 5 days
    USD Coin (USDC ERC20) $10 up to 3 days
    Tether (USDT ERC20) $10 up to 3 days
    Wire Transfer $10000 up to 3 days
    Bank Transfer $10 within 24 hours
    Mybux $10 up to 2 days
    Ozow $10 within 1 hour

    * Bank transfer deposits are not available in all countries.

    Withdrawals

    Various withdrawal methods are available, including credit cards, cryptocurrency, and digital wallets. Exness carries out many withdrawals with no manual processing, including on weekends.

    Withdrawal Method Minimum Deposit Processing Time
    Bitcoin $10 up to 3 days
    Bank Card $10 up to 10 days
    Internet Banking $4 up to 7 days
    Skrill $10 up to 2 days
    Neteller $4 up to 5 days
    Perfect Money $2 up to 3 days
    USD Coin (USDC ERC20) $100 up to 3 days
    Tether (USDT ERC20) $100 up to 3 days
    Webmoney $1 within 8 hours
    Mybux $10 up to 7 days

    Account Types and Terms

    4.9
    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

    The account opening process at Exness is fully digital and can be completed via the company website within a matter of minutes.

    Account Registration

    Account Types

    At Exness, there are two Standard Accounts 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 From $10 (Depends on payment system) From $10 (Depends on payment system)
    Spread From 0.3 From 0.3
    Commission No commission No commission
    Instruments Forex, metals, cryptocurrencies, energies, stocks, indices Forex, metals
    Minimum lot size 0.01 0.01
    Maximum lot size 200 (7:00 – 20:59 GMT+0), 20 (21:00 – 6:59 GMT+0) 200 (7:00 – 20:59 GMT+0), 20 (21:00 – 6:59 GMT+0)
    Maximum number of positions Unlimited 1000

    Professional Accounts (Raw Spread, Zero, and Pro) are designed for experienced traders, including scalpers, day traders, and algorithmic traders.

    Feature Raw Spread Zero Pro
    Minimum deposit $200 $200 $200
    Spread From 0.0 From 0.0 From 0.0
    Commission Up to $3.50 each side per lot From $0.1 each side per lot No commission
    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
    Minimum lot size 0.01 0.01 0.01
    Maximum lot size 200 (7:00 – 20:59 GMT+0), 20 (21:00 – 6:59 GMT+0) 200 (7:00 – 20:59 GMT+0), 20 (21:00 – 6:59 GMT+0) 200 (7:00 – 20:59 GMT+0), 20 (21:00 – 6:59 GMT+0)
    Maximum number of positions Unlimited Unlimited Unlimited

    Accounts can be denominated in 45 different base currencies.

    Base currencies
    AED | ARS | AUD | AZN | BDT | BHD | BND | BRL | CAD | CHF | CNY | EGP | EUR | GBP | GHS | HKD | HUF | IDR | INR | JOD | JPY | KES | KRW | KWD | KZT | MAD | MXN | MYR | NGN | NZD | OMR | PHP | PKR | QAR | RUB | SAR | SGD | THB | UAH | UGX | USD | UZS | VND | XOF | ZAR

    The Standard account application process is very simple and consists of entering the following data:

    • Set country/region of residence.
    • Fill in your email address.
    • Choose a password.
    • Verify your phone number and email.
    • Add some basic personal information.

    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 default leverage at Exness is 1:2000. This is a very high available leverage level. It means that with an account of $1,000, you can control up to $2000,000 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.

    In some instances, Exness offers unlimited leverage. A trading account must have equity of less than $1,000. In addition, the trader must have closed at least ten positions (excluding pending orders) and five lots (or 500-cent lots) across all real accounts.

    Demo Accounts

    Exness offers demo accounts for both the Trading Terminal platform and MetaTrader. 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 have gotten up to speed on a demo account, they can easily switch to a live version.

    Islamic Accounts

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

    Supported Countries

    In mainland Europe and the UK, Exness focuses on B2B financial services exclusively offered to Professional institutions. Exness accepts retail clients from the majority of countries outside Europe.

    The broker does not accept clients from the United States of America, American insular areas (American Samoa, Baker Island, Guam, Howland Island, Kingman Reef, Northern Mariana Islands, Midway Islands, Wake Island, Palmyra Atoll, Jarvis Island, Johnston Atoll, Navassa Island, United States Minor Outlying Islands), Vatican City, Puerto Rico, Marshall Islands, US Virgin Islands).

    Exness also does not accept residents of the following countries: New Zealand, Canada, Australia, Vanuatu, Seychelles, Russia, Israel, Iraq, Syria, Yemen, Palestinian Territory, Iran, North Korea, Malaysia, all EU countries, Gibraltar, Curacao, the United Kingdom, and others. However, nationals of these countries are accepted if they live in any allowed country.

    Research

    4.8
    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 offers a broad range of research materials both in the Exness Terminal platform and the Exness Trader App.

    Economic Calendar

    Traders can stay on top of key economic events with the economic calendar on the Exness website. The calendar shows the expected impact of the economic release, the actual figure, the analyst forecast, and the figure from the prior release.

    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.

    Analyst Views

    Trading signals by Trading Central are also available within the personal area in a section called Analyst Views. You can select the market you want to view, including forex, stocks, indices, and commodities. The analysis draws from technical data such as ‘The MACD is below its signal line and positive’. Along with this, clear-cut forecasts are given, for example, ‘USD/ZAR may rise 1214–1674 pips’. Traders can filter these ideas to cover short-term (intraday) or longer-term time frames, such as daily and weekly.

    Market News

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

    Education

    4.9
    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

    Educational materials at Exness include courses, articles, and a range of video content. These materials are in-depth and can cater to beginners and experienced traders.

    Exness Educational Materials

    The Exness Academy offers 3 courses:

    • How Trading Works (11 short video lessons and 11 articles). Geared towards beginners, this course covers basic topics such as ‘What are CFDs?’ and ‘Margin and Leverage’.
    • How to Analyze (10 short video lessons and 10 articles). This course is made for intermediate-level traders and includes segments on ‘Support and Resistance’ and ‘Sentiment’.
    • Managing Risk: The Basics (7 short video lessons and 7 articles). This course is for intermediate-level traders and features lessons on ‘The Psychology of Trading’ and ‘Managing Risk with Stops and Targets’.

    There is a quiz at the end of each course to test your understanding of the material.

    The Knowledge Base section has over 30 in-depth articles covering subjects such as stochastic oscillators and strategy trading. The section also includes videos covering basic topics such as pips and points. We rated the educational content at Exness as better than average.

    The Bottom Line

    Exness is a large, well-established forex and CFD broker with a unique offering. Thanks to the intuitive platform and strong education and research materials, we judged it to be a good broker for beginners. Meanwhile, the availability of massive leverage, tight spreads, and advanced tools may appeal to advanced traders. Minimal swap fees and social trading capabilities are also a bonus for traders. Clients should know that retail accounts are offshore and have limited regulatory oversight.

    FAQ

    The headquarters of Exness is situated in Limassol, Cyprus.
    Multiple regulators oversee Exness across the globe. If you open an account with an entity of Exness regulated offshore, your protections are limited.
    Exness makes money from the bid/offer spread.
    Clients can make deposits via Bitcoin, Bank Card, Internet Banking, Skrill, Neteller, Perfect Money, USD Coin (USDC ERC20), Tether (USDT ERC20), Wire Transfer, Webmoney, Bank Transfer, Mybux, and Ozow.
    The minimum deposit varies by account type and payment method but starts at $0.
    Clients can withdraw via Bitcoin, Bank Card, Internet Banking, Skrill, Neteller, Perfect Money, USD Coin (USDC ERC20), Tether (USDT ERC20), Wire Transfer, Webmoney, Bank Transfer, Mybux, and Ozow.
    Withdrawal requests via bank card can take up to 10 days.
    If specific requirements are met, the maximum leverage at Exness is 1:unlimited. Otherwise, the maximum leverage is 1:2000.
    Traders can open an account within minutes via the company website.
    Exness offers its proprietary Exness Terminal and Exness Trader app. It also offers MetaTrader 4 and MetaTrader 5.
    Exness does not charge any fees for withdrawals.
    Exness offers a cent account, good educational materials, and reliable customer service via chat, making it a good broker for beginners.
    Yes, Exness provides demo accounts for their proprietary Exness Terminal platform and MetaTrader.

    See Exness Full Information

    Headquarters CountryCyprus
    Foundation Year2008
    RegulationsFSA (Seychelles), FSCA (South Africa), BVI FSC (Virgin Islands, British), FSCM (Mauritius), CMA (Kenya), FCA (United Kingdom), CySEC (Cyprus)
    Publicly TradedNo
    Number Of Employees2000
    Trading Desk TypeMarket Maker, No dealing desk
    Trading PlatformsMT5, Proprietary, MT4
    Restricted Countries
    Malta, Netherlands, Portugal, Ireland, South Sudan, Spain, Sudan, Saint Vincent and the Grenadines, American Samoa, Marshall Islands, Samoa, San Marino, Austria, Belarus, Bosnia and Herzegovina, Bulgaria, Canada, Croatia, Cuba, Cyprus, Czech Republic, Estonia, Finland, France, Germany, Italy, North Korea, Latvia, Malaysia, Liechtenstein, Lithuania, Luxembourg, Monaco, New Zealand, Hungary, Norway, Iceland, Poland, Romania, Gibraltar, Iran, Greece, Iraq, Curacao, Guam, Vatican City, United States, Slovakia, Australia, United Kingdom, Andorra, Kosovo, Northern Mariana Islands, Puerto Rico, Sweden, Slovenia, Belgium, Russian Federation, Uruguay, Switzerland, Yemen, Syria, Seychelles, Denmark, Vanuatu, Israel, Singapore
    Supported Languages
    Korean, English, Urdu, Russian, Hindi, French, Indonesian, Portuguese, Thai, Arabic, Spanish, Bengali, Chinese, Japanese, Vietnamese
    Min Deposit$0
    Max Leverage1:500 (FSA), 1:500 (FSCA), 1:1000 (BVI FSC), 1:499 (FSCM), 1:2000 (CMA), 1:30 (FCA), 1:30 (CySEC )
    Deposit OptionsWire Transfer, Cryptocurrencies, Neteller, Webmoney, Skrill, QIWI, Credit Card, PerfectMoney
    Withdrawal OptionsCryptocurrencies, Neteller, Webmoney, Skrill, QIWI, Credit Card, PerfectMoney
    Time to Withdrawal4
    Time to Open an Account5
    Crypto
    Ethereum, Bitcoin, Litecoin, Bitcoin Cash, Ripple
    Products
    Currencies, Stocks, Crypto, Indices, Commodities
    Demo AccountYes
    OCO OrdersNo
    Offers HedgingNo
    Automated TradingYes
    API TradingNo
    Guaranteed Stop LossYes
    Guaranteed Limit OrdersYes
    Guaranteed Fills / LiquidityYes
    Economic calendarYes
    Trading From ChartYes
    One-Click TradingYes
    Expert AdvisorYes
    Social TradingYes
    AutochartistNo
    Trading SignalsYes
    Platform Languages
    Chinese, Thai, English
    24 Hours SupportYes
    Support During WeekendsYes
    Live ChatYes
    Daily Market CommentaryYes
    News (Top-Tier Sources)Yes
    WebinarsYes
    Deposit FeeNo
    Withdrawal FeeNo
    Inactivity FeeNo

    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.