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:
- Sign Up: Name, email and password.
- Verify Email.
- Verify Phone.
- Personal Information: Name, date of birth and residence address.
- Profile: Question regarding employment status, financial details and previous trading experience
- 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:
