1. Home
2. Best Day Trading Platforms and Brokers in 2024

Exness Review 2024

Written By

Tobias Robinson

Written By

Tobias Robinson

Tobias is a partner at DayTrading.com, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.

» Tobias Robinson Profile Page

Fact Checked By

William Berg

Fact Checked By

William Berg

William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.

» William Berg Profile Page

Updated

Jun 23, 2024

Visit

United States not accepted.

See the Top 3 Alternatives in your location.

Overall Rating

4.6 / 5

Exness is #4 in our CFD broker rankings.

Customer Reviews (1)

Read Review

Compare

Customer Reviews

Regulation & Trust

4.5 / 5

Accounts & Banking

4.3 / 5

Assets & Markets

4.2 / 5

Fees & Costs

4.8 / 5

Platforms & Tools

4.3 / 5

Customer Support

4.5 / 5

Minimum Deposit $10

Trading Platforms Exness Trade App, MT4, MT5, TradingCentral

Instruments CFDs, Forex, Stocks, Indices, Commodities, Crypto

Regulators FSA, CySEC, FCA, FSCA, FSC, CBCS, CNMV

Account Currencies USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, DKK, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR

Payment Options Wire Transfer, Credit Card, Visa, Mastercard, Bitcoin Payments, Boleto

Awards

• Most People-Centric Broker at Traders Summit 2022
• Global Broker of the Year at Traders Summit 2022
• Best Customer Support Award at Financial Markets Expo Cairo 2021
• Premium Loyalty Program Award at Financial Markets Expo Cairo 2021
• Most Innovative Broker at Dubai Expo 2021

Pros

• There's a strong range of account types for all experience levels and requirements, including Cent, Pro and Raw spread solutions
• The broker is accessible for beginners with low minimum deposits from $10 and flexible payment methods
• Highly competitive spreads, reduced for USOIL and BTCUSD in 2024, are available from 0 pips and low commissions from $2 per side

Cons

• Unlike most competitors, Exness doesn't provide its own education section
• There are no promotional deals or loyalty schemes for high-volume day traders
• There are several regional restrictions for retail traders including the USA, Europe and the UK

The Exness Group is an established brokerage offering trading on forex, metals, cryptocurrencies, energies, indices, stocks and commodities. The online broker allows clients to tailor financial services and investment solutions to their personal needs. Our Exness broker review for 2024 will cover account registration and sign in, login security, minimum deposit requirements, payment methods, social trading, and more. Find out whether to register today.

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 trading brand holds regulatory licenses in the United Kingdom, Cyprus, Seychelles, and South Africa, among others. The organisation was also the first to hit a monthly trading volume of $1 trillion and $2 trillion, with over 260,000 live accounts.

The Exness Group has headquarters in Limassol, Cyprus, alongside offices in London, United Kingdom, South Africa, Seychelles, Curaçao, and the British Virgin Islands. Note, the offices in Cyprus and the UK do not provide trading services to retail investors. The total number of employees now stands at over 500.

Trading Platform

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

MetaTrader 4 Web Terminal

• 9 timeframes
• Live news streams
• Customisable charts
• 4 pending order types
• Analysis of quote dynamics
• Single thread strategy tester
• Access to Expert Advisors (EAs)
• 50+ built-in technical indicators
• Ability to overlay analytical objects
• User-friendly, multilingual interface
• Interbank liquidity and fast execution
• Daily account statement with profit & loss summary

MetaTrader 5 Web Terminal

• 21 timeframes
• Hedging allowed
• One-click trading
• 6 pending order types
• Built-in economic calendar
• Multi-threaded strategy tester
• 80+ built-in technical indicators
• Set stop loss and take profit levels
• Enhanced order management capabilities
• Customisable charts, view up to 100 simultaneously

The Exness website is available in 14 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.

Products

Exness offers both spot and CFD trading on close to 100 forex pairs, over 30 cryptos, precious metals, energies, stocks and indices. The range of markets is competitive and rivals some of the biggest players in the industry. Clients can also access leverage up to 1:200 on the broker’s suite of products.

Fees & Commission

Exness offers floating spreads which are generally tight, and lowered in 2024, though 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 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. 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.

Note, for live spreads, refer to the trading platform.

Leverage

The leverage offered to Exness clients varies by account type, instrument, and trading entity due to regulatory requirements. Some agencies allow high margin rates, up to 1:2000. We would recommend utilising risk management strategies when trading with high leverage to protect against significant losses.

Note, the margin call is 30% for the Pro, Zero and Raw Spread accounts and 60% for the Standard and Standard Cent solutions. There is also a 0% and custom stop out feature.

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 iPhone (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

Deposit Review

The minimum deposit at Exness is $10. This is 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 apply. You must also verify your account before attempting to add funds.

Funding your account is simple and can be completed in your personal trading area. Approximately 50 base currencies are available for live trading accounts including USD, AUD, ZAR, and KWD. Accepted account payment methods include: EPS, cryptocurrency, bank cards, local payment systems, internal transfers. Crypto payments can be made in BTC and USDT.

Note, not all payment methods will be available depending on your country of residence. Also, once you have opened an account, the base currency cannot be changed, though a new account can be opened in an alternative currency.

Withdrawal Review

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 often instant. Typically a 5-day wait, along with 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.

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 also utilise the virtual funds to understand the platform’s features, improve risk management techniques and trial new trading strategies. A simple online registration form is required.

Promotions

Exness does not offer sign-up bonuses or promotional deals. With that said, the brand may provide some rewards as part of campaigns. See the official website for the latest news.

Regulation

Exness entities hold licenses in the jurisdictions in which they operate. This helps provide clients with various safety measures, from negative balance protection and segregated client funds to limits on retail trading leverage.

The Exness Group affiliates are licensed by:

• Exness (SC) Ltd – Authorised by the Financial Services Authority (FSA)
• Exness (CY) – Authorised by the Cyprus Securities and Exchange Commission (CySEC)
• Exness (UK) – Regulated by the Financial Conduct Authority (FCA)
• Exness ZA (Pty) Ltd – Regulated by the Financial Sector Conduct Authority (FSCA)
• Exness B.V – Regulated by the Central Bank of Curacao and Sint Maarten (CBCS)
• Exness (VG) Ltd – Regulated by the Financial Services Commission (FSC)

Additional Features

Exness 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 also provide helpful peer-to-peer broker reviews and additional guidance.

Live Accounts

Exness offers several account types:

• Standard Cent
• Standard
• Pro
• Raw Spread
• Zero

Minimum deposits start as low as $10, which is ideal for new traders. Typically, the minimum trade size is 0.01 lot and the maximum trade size is 200 lots with unlimited leverage, though they vary between instrument and market. Additional account types are also available, including an Islamic account with no swap or rollover charges.

An account can be opened in minutes through the online registration portal with no deposit needed for the Standard and Standard Cent solutions. The Pro, Raw Spread and Zero accounts are activated when a qualifying deposit is made.

Note, you may be required to provide identity verification documents, such as proof of residency under Know Your Customer (KYC) compliance requirements.

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.

Help Center

Exness offers 24/7 customer support, available in 14 languages including English, Chinese and Thai:

• Email Address – support@exness.com
• Helpline Telephone Number – +35725245730
• Headquarters Address – Siafi Street, Portobello, Office 401, 3042, Limassol, Cyprus

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.

The broker’s servers are located in: Amsterdam, Hong Kong, Singapore, Johannesburg and Miami.

Exness Verdict

Exness provides opportunities for traders of varying abilities on the established MT4 and MT5 platforms. Regulation is present in multiple countries, including with the industry-recognised FCA and CySEC authorities. 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 various jurisdictions, 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 multiple trading strategies and experience levels. These include the Standard Cent, Standard, Pro, Raw Spread and Zero options. 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 For An Exness Retail Trading Account?

Exness Global Limited Group is an international 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, 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 97 tradable currency pairs with competitive spreads, a transparent fee structure, and industry recognised trading platforms to complete transactions. Minimum deposits start from $10, ideal for getting started with your forex trading journey.

Top 3 Alternatives to Exness

Compare Exness with the top 3 similar brokers that accept traders from your location.

1. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
   Go to IG
2. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
   Go to Interactive Brokers
3. DNA Markets – DNA Markets is a forex and CFD broker established in 2020. The broker operates two entities in Australia and the offshore jurisdiction, St Vincent and the Grenadines. Traders can access 800+ markets, with a Standard account for beginners and a Raw account for experienced traders. The reliable MetaTrader 4 and MetaTrader 5 platforms are available, alongside Signal Start.
   Go to DNA Markets

Exness Comparison Table

Compare Trading Instruments

Compare the markets and instruments offered by Exness and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Exness vs Other Brokers

Compare Exness with any other broker by selecting the other broker below.

The most popular Exness comparisons:

1. Vault Markets vs Exness
2. Exness vs ThinkMarkets
3. Olymp Trade vs Exness
4. Quotex vs Exness
5. Exness vs NinjaTrader
6. Exness vs IG
7. RoboForex vs Exness
8. Exness vs Vantage
9. Fusion Markets vs Exness
10. Oanda vs Exness
11. Exness vs HotForex
12. Exness vs Easy Markets
13. Eightcap vs Exness
14. Exness vs BDSwiss
15. XTB vs Exness
16. Pocket Option vs Exness
17. FOREX.com vs Exness
18. Exness vs Plus500
19. Exness vs Pepperstone
20. Binance vs Exness