Exness Fees and Minimum Deposit - TU Expert review
While reliability is paramount, fees and minimum deposits are crucial factors when choosing a broker. Lower fees with diverse options make a broker more attractive for trading. The minimum deposit is another important factor for new traders who may not have a substantial amount to invest immediately.
Traders Union analyzed Exness fees, minimum deposit requirements, and commission structure to assess their suitability for beginner traders.
Short introduction of Exness
Exness is one of the world’s largest brokers, known for its competitive trading conditions, high security, and wide selection of assets. The company serves over 700,000 active clients and processes a monthly volume exceeding $4 trillion.
While specializing in currency pairs, Exness also offers CFDs on stocks, commodities, indices, and cryptocurrencies. The broker caters to all experience levels with various account types – from cent accounts and social trading for beginners to high leverage and Expert Advisor support for seasoned professionals.
Exness holds multiple international licenses, including the stringent FCA and CySEC, ensuring trader funds are protected.
With features like 24/7 support, fast withdrawals, and analytics tools, Exness strives to provide an optimal trading experience.
| 💰 Account currency: | EUR, USD, GBP, CAD, AUD, and CHF for all account types; 38 more currencies for non-cent account types |
| 🚀 Minimum deposit: | $10 |
| ⚖️ Leverage: | 1:unlimited for retail clients |
| 💱 Spread: | Standard: from 0.3-1 pips subject to the account type; Professional: from 0-0.1 pips subject to the account type |
| 🔧 Instruments: | Forex CFDs on: cryptos, commodities, indices, and stocks |
| 💹 Margin Call / Stop Out: | Standard: 0%/60% Professional: 0%/30% |
Exness Commissions and Fees
Exness charges only trading fees. These are spreads on Standard and Pro accounts and spreads + fees per lot on Raw Spread and Zero accounts. The company doesn’t withhold non-trading fees.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard Cent | $0.3 | No |
| Standard | $3 | No |
| Standard Plus | $10 | No |
| Raw Spread | $0 | No |
| Zero | $0 | No |
| Pro | $1 | No |
A broker is an intermediary between a trader and an exchange. Therefore, brokers charge fees for their services. The fees may have different structure.
There are the following fees in the Forex market:
-
Spread – the difference between the buy and the sell price of an asset.
-
Commission per lot.
-
Commission per trade.
Broker fees may differ depending on the trading account type. For example, on some accounts spread is used as a trading fee, and on others – commission per lot.
Exness Minimum deposit
A brief beginner’s guide on trading with Exness
To execute your first trade with Exness, open a live account with this broker. Upon user account registration, choose an appropriate account type, set its base currency and leverage, and make a deposit.
Initial deposit is $10,
Spreads are from 0.3 pips.
This account type is only available on MT4.
Spreads are variable from 0.3 pips.
Initial deposit is $10.
Spreads are floating from 1 pips.
Initial deposit is $10.
Spreads start at 0 pips, but $0.4 fee per full lot is charged.
Spreads start at 0.1 pips, no fees.
A demo mode is available for all account types. It is used to test the broker’s trading conditions or to practice executing trades without deposits.
Exness can be called a universal broker since it offers profitable trading conditions for both professionals and novice traders.
Exness Broker Review - How to Open an Account and Start Trading with the EUR/USD
Brokers similar to Exness
When analyzing Exness, it is important to compare it with other similar companies. Before you choose a broker, it is important to compare its trading conditions with competitors. Traders Union analysts have prepared a comparison of the minimum deposit and other trading conditions of Exness and other brokers.
Comparison of Exness with other Brokers
| Exness | RoboForex | Pocket Option | FBS | Octa | XM Group | |
|---|---|---|---|---|---|---|
|
Trading platform |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
MT4, Mobile Trading |
MetaTrader4, MetaTrader5 |
MT4, MT5, Mobile Trading, XM App |
|
Min deposit |
$10 |
$10 |
$5 |
$1 |
$25 |
$5 |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
|
Trust management |
No |
No |
No |
No |
No |
No |
|
Accrual of % on the balance |
No |
No |
No |
No |
No |
No |
|
Spread |
From 1 point |
From 0 points |
From 1.2 point |
From 0.2 points |
From 0.6 points |
From 0.6 points |
|
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
|
Execution of orders |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution |
Market Execution |
Market Execution |
|
No deposit bonus |
No |
No |
No |
$5 |
No |
No |
|
Cent accounts |
No |
Yes |
No |
Yes |
No |
Yes |
| Exness | RoboForex | Pocket Option | FBS | Octa | XM Group | |
|---|---|---|---|---|---|---|
|
Forex |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Metalls |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Crypto |
Yes |
No |
Yes |
No |
Yes |
Yes |
|
CFD |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Indexes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Stock |
Yes |
Yes |
Yes |
No |
Yes |
Yes |
|
ETF |
No |
Yes |
No |
No |
No |
No |
|
Options |
No |
No |
No |
No |
No |
No |
Could I recommend Exness to a beginner trader?
Analysis of the Exness trading conditions has shown that it is beneficial to work with the broker. The level of fees is low. Also, the company offers a low minimum deposit, which makes Exness a good choice for beginners. The company offers good trading conditions even compared to competitors.
FAQs
Can the level of fees differ for cent and standard accounts?
Yes. On cent accounts, the fees are generally lower than on standard accounts.
What are non-trading fees?
Non-trading fees are the fees charged outside the trading process, for example deposit and withdrawal fee, inactivity fee, etc.
What spread can be considered low?
Ideally, the spread should be at 0.1 pips for EURUSD. However, if the spread is lower than 1 pip, it can also be considered a low level.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.