Exness Review 2022

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Exness Facts & Figures

The Exness Group offers worldwide online trading across multiple asset classes, including forex, and commodities, on the industry-established MetaTrader 4 and MetaTrader 5 platforms.

Awards
• Global Forex Awards - Best Global Forex Customer Service 2019
• Global Forex Awards - Best Global Forex Trading Experience 2019
• Global Forex Awards - Most Trusted Global Forex Broker 2019
Bonus10% Deposit Bonus
InstrumentsForex, Commodities
Demo AccountYes
Min. Deposit$1
Payment MethodsCredit Card, M-Pesa, Mastercard, Neteller, Perfect Money, Skrill, Visa, Webmoney, Wire Transfer
Min. Trade$1
Regulated ByFCA, CySEC, FSCA
MetaTrader 4Yes
MetaTrader 5Yes
cTraderNo
STP AccountNo
ECN AccountYes
DMA AccountNo
Mobile AppsYes (iOS & Android)
Margin TradingYes
Auto TradingYes (EAs)
Social TradingNo
Copy TradingNo
Trade SignalsNo
Islamic AccountYes
Account
Currencies
USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, TRY, SEK, NOK, DKK, CHF
CFD
Exness offers leveraged CFD trading on popular financial markets.
FTSE SpreadFrom 3.0 pips
GBPUSD SpreadFrom 1 pip
Oil SpreadFrom 2.0 pips
Stocks SpreadN/A
LeverageFloating
Forex

Exness Group offers 100+ forex currency pairs for trading, including a mix of major, exotic and crosses.

GBPUSD SpreadFrom 1.0 pip
EURUSD SpreadFrom 1.0 pip
EURGBP SpreadFrom 1.9 pips
Assets100+
Risk Warning – Your capital is at risk

The Exness Group is an established brokerage offering online trading on forex and commodities. The international broker allows clients to tailor financial services and investment solutions to their personal needs. Our Exness forex broker review for 2022 will cover account registration and sign in, login security, minimum deposit requirements; payment methods, including offline bank transfer; and more.

Exness Headlines

The Exness Group was established in 2008, with several global affiliates offering trading across the world. The CEO and founder, Petr Valov, is shaping the organisation with transparency and honesty at the heart of the business strategy.

The award-winning retail FX Group holds regulatory licenses in the United Kingdom, Cyprus, Seychelles, and South Africa. Today the organisation averages a monthly trading volume of $180 billion, with over 10,000 live accounts opened each month and a net worth reaching into the billions of dollars.

The Exness Group has headquarters in Limassol, Cyprus, with offices in Nigeria, India, South Africa, and within the G Tower in Kuala Lumpur, Asia. The total number of employees now stands at over 500. The broker is the current sponsor of Real Madrid CF.

The Group’s Affiliates:

Trading Platform

Exness supports the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading terminals. Both platforms are industry-recognised and available for free download for PC and desktop devices, or via all major web browsers including on Windows XP, Windows 10+, and Mac. Further platform features are listed below.

MetaTrader 4 Web Terminal

MetaTrader 5 Web Terminal

The Exness website is available in 18 languages throughout the website, including the homepage, during the account sign up process, and on all education interfaces. Both web platform terminal options also offer multilingual services.

MetaTrader 4 and 5 Platforms
MT4

Products

Exness offers clients both spot and CFD trading across 120+ instruments in the markets listed below.

Exness does not offer indices or crypto trading. This includes Bitcoin (BTC) and Ripple (XRP).

Fees & Commission

Exness spreads are generally tight and are variable based on the account type chosen. Spreads start from 0.3 pips on the Standard Cent Accounts and from 0.1 pips on the Standard Account, with no commissions on all trading volumes.

The Pro ECN Account features a raw spread with a variable commission structure per trade.

The Exness Zero (0) Spread Account offers no spreads throughout 95% of the trading day across 30 currency pairs. However, our review found commission is applicable, with charges from $3.50 per lot/side.

Popular metals, including gold, are offered in the form of a currency pair such as XAU/USD. A useful spread comparison table is available on the broker’s website.

The broker also charges swap rates for positions held overnight and an inactivity fee, further details of which can be found on the company website.

Leverage

The leverage offered to Exness clients varies by account type, instrument, and trading entity due to regulatory requirements. Some regulators allow high margin rates, up to 1:2000, and leverage can even be unlimited in some jurisdictions, accommodating all trading strategies.

We would recommend utilising risk management strategies when trading with high leverage to protect against significant losses. Since the FCA, CySEC and other European authorities operate under the MiFID directive, retail traders will be subject to leverage capping. This includes a maximum 1:30 leverage for major currency pairs, 1:20 for minor forex pairs, and 1:10 for commodities trading.

Mobile Apps

MetaTrader 4 and MetaTrader 5 are both available as mobile applications, allowing Exness clients to open positions from an easy-to-use app in any location. The apps are available for free download and are compatible with iOS and Android (APK) devices. The full suite trading features available on the desktop platforms is accessible, including analytical tools, plus customisable charts and graphs.

Payment Methods

Deposits

Minimum deposits vary by account type and by payment method. Exness traders can open a Standard Account with just $1, which is very competitive vs OctaFX at $25 and IC Markets requiring a $200 minimum. Exness does not charge a fee for any payment method, however, third-party charges may be applicable. You must verify your account before attempting to add funds.

Funding your account is simple, and can be completed by accessing your personal trading area. 50+ base currencies are available for live trading accounts including USD, AUD, ZAR, and KWD. Accepted account payment methods include:

Not all payment methods will be available depending on your country of residence. Note that once you’ve opened an account, the base currency cannot be changed, however, a new account can be opened in an alternative currency.

Withdrawals

Exness does not charge for withdrawals. Minimum and maximum limits vary by the chosen method, including a $6 minimum amount for debit/credit card withdrawals. Clients will be pleased that transactions back to your original payment method are instant. Typically a 5-day wait, often with applicable fees, is offered by competitor brokers. For full details on how to deposit, any withdrawal problems, or understanding an exchange rate to a base currency, visit the online help centre on the broker’s website or contact the customer support helpline.

Exness Forex Broker

Demo Account

Exness offers a demo account available on the MT4 and MT5 platforms.  This is in line with competitors including XM, XTB, FBS, HotForex, IB, and JP Markets. Demo accounts are a great way for new and experienced traders to test strategies risk-free in real market conditions. Clients can utilise the virtual funds to understand the platform’s features, improve risk management strategies and trial new trading strategies. A simple online registration form is required.

Promotions

At the time of writing, Exness is offering +10% of your initial deposit as a welcome bonus for all new clients that register for a live account. A referral programme, new partner scheme, or no deposit bonus was not offered. Look out for occasional reward schemes as part of the Premier Programme. This Pro incentive is designed for high-volume traders with exclusive privileges that vary by investment type. Always check bonus terms and conditions by jurisdiction before making a deposit. Exness UK (Ltd) does not offer any new client sign up deals or revenue promotions due to FCA guidelines restricting the use of financial incentives.

Regulation

The UK affiliate (Exness UK Ltd) is licensed under the Financial Conduct Authority (FCA), meaning the broker operates according to their stringent regulatory standards. Traders can be assured of segregation of client funds, held in top tier banks; negative balance protection, and protection under the Financial Services Compensation Scheme (FSCS) up to £85,000 in the case of broker insolvency.

The Exness Group affiliates are regulated differently depending on the jurisdiction. Licenses are held from the Cyprus Securities and Exchange Commission (CySEC) for Exness Cy Limited and the Financial Sector Conduct Authority (FSCA) authorising Vlerizo (Pty) in South Africa. All regulation is reputable and industry-respected.

Additional Features

Exness also offers comprehensive education and additional training tools, designed for global traders of all experience levels and abilities. Simply log in to your personal area to join the Exness Academy. Tools include YouTube video content, VPS hosting, profit/margin calculator, economic calendar, live streaming news, and market history. Technical research and fundamental analysis are also available.

A variety of topics are covered, including major indices weekly outlooks for the S&P 500, NASDAQ 100 (NAS100), and US30; trading ideas, the minimum lot size for trading, understanding Exness account off-price quotes, social trading, and more. Social media and websites such as Quora, Facebook, and LinkedIn can provide helpful peer-to-peer broker reviews and additional guidance.

Live Accounts

Exness offers various trading account types, including a Standard Account, Standard Cent Account, Professional ECN Account, and Zero Spread Account. Minimum deposit requirements, spreads, and leverage vary between the options. Standard Account minimum deposits start as low as $1, which is ideal for new traders. Typically, minimum trade sizes are 0.01 lot and a maximum trade size of 200 lots with unlimited leverage. Additional account types are available, including an Islamic Account with no swap or rollover charges applicable.

An account can be opened in minutes through the online registration portal. You may be required to provide identity verification documents, such as proof of residency under the Know Your Customer (KYC) compliance requirements.

Benefits

Drawbacks

Trading Hours

Exness follows standard office hours, operating in the UK GMT time zone. Trading is available for 24 hours, Monday to Friday. Typically forex pairs open for trading on Sunday at 21:00 and close on Friday at 22:00. Trading hours may vary depending on local public holiday dates. Keep an eye on the news section of the broker’s website for a full calendar of previous and upcoming closures. Timings do vary by instrument, all details can be found on the broker’s website.

Customer Support

Exness offers 24/7 customer support, available in 18+ languages including English, Chinese and Thai:

There is currently no live chat option.

Security

The Exness Group assures a high level of safety and security for its clients.  The personal area and portal access are password protected, complying with local data privacy laws. Secure login is replicated on the MT4 and MT5 platforms, with high-tech encryptions and industry-standard data privacy.

Exness Verdict

Exness provides opportunities for traders of varying abilities on the established MT4 and MT5 platforms. Regulation is present in all countries, including the industry-recognised FCA and CySEC authorities. Traders can be assured that these affiliates are operating with the highest levels of compliance. Account types, minimum deposit requirements, and the offering of a fantastic education hub all contribute to the competitive service and high quality trading experience.

FAQs

Is Exness A Trusted Broker?

Exness is a quality broker with global investment opportunities for traders of all abilities. Regulation is present in all jurisdictions of operation, giving traders the added sense of security required when investing capital.

What Account Types Does Exness Offer?

Exness offers various account options that suit the needs of all trading strategies and experience levels. These include the Standard Cent Account, ECN Account, and Zero Spread Account. All have pros and cons, so understand your trading needs before opening a live account.

What Trading Platforms Does Exness Offer?

Exness offers two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both terminals have advanced trading tools and features, including access to EAs and customisable dashboards.

In What Countries Can I Sign Up To An Exness Retail Trading Account?

Exness Global Limited Group is a global organisation with affiliates offering accounts that vary by jurisdiction. Residents in the USA are excluded from the broker’s services. Locations available to open a live trading account include Malaysia, Zimbabwe, Zambia, Kuwait, Korea, Kenya, Japan, Uganda, Vietnam, Thailand, Nigeria, Pakistan, Indonesia, and more. Keep an eye on the latest broker news for changes to services.

Is Exness A Good Forex Broker?

Exness offers 100+ tradable currency pairs with competitive spreads, a transparent fee structure, and industry recognised trading platforms to complete transactions. Minimum deposits start from £1, ideal for getting started with your forex trading journey.

Accepted Countries

Exness accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Exness from United States.

Alternatives to Exness

If you are looking for alternatives to Exness we have compiled a list of the top 5 brokers that are similar to Exness below. This list of brokers like Exness is in order of similarity and only includes companies that accept traders from your location.

  1. Exinity – Exinity provides flexible low-cost trading in FX, commodities, indices and equities alongside unique education and support provided by teams located across the world. Now operating in the Middle East, through regulation from the Financial Services Regulatory Authority in Abu Dhabi and the Financial Services Commission of Mauritius, Exinity provides a range of services to traders and investors looking for new opportunities in the financial markets.
  2. LQDFX – LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
  3. eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
  4. Forex.com – Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.
  5. EagleFX – EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
The Exness Group offers worldwide online trading across multiple asset classes, including forex, and commodities, on the industry-established MetaTrader 4 and MetaTrader 5 platforms.

Exness vs Other Brokers

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