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Summary

FDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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Exness began its operations in 2008 with the aim to penetrate the financial markets with its transparency and excellent services.

The Group has acquired several licences during its growth, allowing it to enter less accessible markets that are off-bounds for other unregulated brokers. The Group is currently regulated by CySEC in Cyprus, FCA in the UK and the FSA of the Seychelles.

Exness has been awarded many accolades over its 12-year history, including Most Transparent Broker 2019 and Global FX Broker 2019.

In the past few years the Exness Group has developed at an impressive rate, with its trading volume growing from 88 billion USD in 2010 to 4,029 billion USD in 2019. In the first 6 months of 2020 alone, Exness reported 3,012 billion USD in trading volume from over 200,000 active traders.

Exness provides 24/7 support in 13 different languages and their official website has been localized into 15 languages.

Minimum deposit starts as low as $1 for Standard accounts, making Exness ideal for newbie traders who do not want to risk much capital at the beginning of their trading career. They also offer a Professional suite of accounts, designed for expert traders, offering zero spread, instant execution and Raw Spread accounts.

Overall Rating 7.5

The Exness Group was founded in 2008. With a deep understanding of traders' needs, we strive to provide the best trading conditions on the forex market, so our clients from around the world can fully realize their professional potential.

PROS:
  • Segregates client funds
  • Established in 2008
  • Regulated by CySEC, CRFIN, BaFin, AFM, Banque de France, CNMV, CONSOB, FI, KNF
  • Min. deposit from £1
CONS:
  • Limited range of instruments

Fees

Exness Commissions & Fees

Exness does not charge any fees except for spread or commission, depending on your account type. For the Standard accounts, no commission is payable.

For Professional accounts, there is commission but it depends which account you choose. Zero account has commission from $3.50 per lot per direction. Raw Spread has fixed commission up to $3.50 per lot per direction. The only Professional account with zero commission is the Pro account.

Deposit and Withdrawal

Exness Deposits & Withdrawals

 

Exness accepts the standard payment methods which are used throughout the industry, as well as local payment systems depending on the country. It does not offer the biggest variety of payment methods, but it definitely satisfies the most frequent payment methods such as bank cards and eWallets, which are now preferred by many clients.

Exness accepts a minimum deposit of $3 by bank card. This is fantastic for clients who are newbies and want to experiment with a real account instead of a demo account, but don’t really have to risk a lot as they can opt in for a Standard Cent.

Notably, Exness has instant deposits and withdrawals on many of its payment systems to access your funds 24/7. You can learn more about them on the Deposits & Withdrawals page on the website.

Trading Platform

Exness Trading Conditions

Trading conditions depend on the account type traders choose. Spreads start from 0 pips on the Zero account for the most popular pairs, including EURUSD. This comes with low commission starting from $3.50 per lot per side. The Pro account offers zero commission on all pairs and comes with low spread. Standard accounts also have spread but it’s low by market standards.

Exness Account Types

Exness offers two sets of accounts – Standard and Professional.

Standard includes both Standard and Standard Cent accounts – great for newbie traders due to the low deposit of $1 and small lot size.

Their Professional accounts are where it gets interesting. The Zero account has zero spread 95% of the day for the top 30 instruments, including XAUUSD, EURUSD, USDJPY.

Pro account is their instant execution, zero commission account. It has low spreads and is good for expert traders. And Raw Spread account comes with fixed commission up to $3.50 per lot per side and low, raw spreads. Plenty of choice, whatever experience you have in trading.

Demo accounts are available for all accounts except Standard Cent.

The screenshot below highlights the differences between all the account types offered by Exness.

Exness Platforms and Tools

Exness is another renowned MetaTrader Broker, offering the popular MT4 and MT5 platforms by MetaQuotes, along with the MetaTrader 4 Multiterminal which is intended for simultaneous management of multiple accounts. Particularly helpful for those who manage investors’ accounts and for traders working with many accounts simultaneously. Exness also provides the Exness WebTerminal.

The platforms are available on Desktop, Mac OS, & Linux, iPhone & Android.

For mobile trading, Exness has the Exness Trader app as well as the Social Trading app for people who want to invest in other traders’ strategies.

Is Exness Mobile Friendly?

Exness is considered a mobile friendly platform as the broker’s mobile trading apps are compatible with both iOS and Android powered devices. With the Exness Trader app, traders will be able to do the following:

  • Access interactive charts
  • Access a large library of technical indicators
  • Customizable charts
  • View live news feeds
  • View trading history
  • View economic calendar

Exness Website

The Exness website has recently been updated and is a lot more user-friendly than it’s older version.

Navigating through the website, it’s easy to find information about their account types and contract specifications. They have also added an education section that provides users with training and advice on how to trade, market analysis, and risk management.


Exness Homepage 2020

The new site is clear and bold, it’s refreshing to see something different from a broker who does not follow the industry norm.

 

Markets and Products

 

Exness provides clients with more than 160 trading instruments to choose from, covering Forex, Stocks, Indices, Cryptocurrencies, Energies, and Metals. The broker maintains tight spreads, flexible margin requirements and fast order execution.

Customer Service

Customer support service at Exness is multilingual and is available in 13 different languages, including Chinese, Vietnamese, Thai, Farsi, Arabic, Urdu and Nigerian. To communicate with the support team, traders can use live chat, email, social media or call them directly on the phone.

Education

Traders at Exness have access to Trading Central technical analysis via WebTV. In addition, Exness also provides Tick history for their traders to ensure effective strategy testing. For trading education, Exness has a new department dedicated to training and learning.

Beginners and experts can visit the Exness Academy to top up their skills. They also provide free webinars and seminars for Exness clients with Q&A sessions with their trading experts. For newbie traders, the broker encourages education and training before placing real trades and provides support to those who need it.

Safety

Noteworthy Points to mention for Exness

They are one of only a few brokers that publish their financial reports online and are audited quarterly by Deloitte.

Bottom Line

From our observation, Exness provides its clients with a good array of trading instruments and account choices, with decent trading conditions. Their customer service is great and easily accessible. And the addition of their educational section makes them a top player in the industry.

Exness began its operations in 2008 with the aim to penetrate the financial markets with its transparency and excellent services.

Specification: Exness

Connectivity CySEC, FCA

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Trading foreign exchange on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You could sustain a loss of some or all of your initial investment and should not invest money that you cannot afford to lose.

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