You can lose your money.
Exness review for beginners
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $10
- MT4
- MT5
- Exness Terminal (web)
- Exness Trade App (mobile)
- FCA
- CySEC
- FSA (Seychelles)
- FSCA
- BVI FSC
- FSC (Mauritius)
- CBCS
- and CMA
- 2008
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $10
- MT4
- MT5
- Exness Terminal (web)
- Exness Trade App (mobile)
- FCA
- CySEC
- FSA (Seychelles)
- FSCA
- BVI FSC
- FSC (Mauritius)
- CBCS
- and CMA
- 2008
Our Evaluation of Exness
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Exness is one of the top brokers in the financial market with the TU Overall Score of 9.34 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Exness clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company.
Exness broker is a trusted broker partner that is compliant with all relevant terms. Exness complies with all payment obligations and pays money earned.
Brief Look at Exness
The Exness brand is known worldwide due to its profitable trading conditions, high-security level, and wide range of financial instruments. It focuses on trading CFDs, especially currency pairs. Cryptocurrencies, commodities, stocks, and derivative stock indices are also available. Exness offers account types for novice traders, more experienced traders, and professionals. It allows traders to use a variety of strategies including passive ones, such as copy trading and algorithmic trading. The proprietary Exness platform for social trading is used by over 20,000 investors globally. The broker’s activities are legal and its services are available in over 130 countries. Exness is supervised by 8 financial commissions, including CySEC (Cyprus, 178/12), one of the strictest European regulators, and FCA (UK, 730729), FSA (Seychelles, SD025), FSC (BVI) SIBA/L/20/1133, CBCS (Curacao, 0003LSI), FSCA (South Africa, 51024), and CMA (Kenya, 162). The broker offers demo and cent accounts for novice traders, as well as standard and ECN account types for experienced traders.
- Availability of 8 licenses and a membership in the Financial Commission with its own compensation fund to insure traders against losses;
- Wide choice of account types — Standard, Pro, Cent, Swap Free, and Demo;
- Wide range of CFDs, including over 100 currency pairs;
- Zero deposit and withdrawal fees;
- Proprietary platforms for active and social trading, as well as all versions of classic MT4 and MT5.
- The broker’s website offers almost no educational materials;
- 24/7 support isn’t available in all languages.
TU Expert Advice
Financial expert and analyst at Traders Union
Exness has been providing its services since 2009. Over this period, the company has opened its representative offices worldwide, obtained licenses from many regulatory authorities, and provided in-house platforms for active and passive trading. Its client investments are protected by the Compensation Fund of the Financial Commission. Additional security measures, such as holding client funds in segregated accounts, ensure their safety and blocking from unauthorized use.
Today, Exness is one of the biggest European and global brokers with a monthly trading volume of $4.44 trillion. This data is provided on the company’s website in the public domain. Also, there are reports of independent audits regularly held by Deloitte, a highly reputable auditor.
Exness wants to be a universal broker for traders with any capital, experience, and strategy. Moreover, its partnership programs with favorable conditions allow the broker to expand its already extensive client base.
- You need low deposits. Minimum deposit requirements depend on a selected payment method. It means that you can deposit any amount you deem sufficient.
- You want to trade actively. For active traders, the broker offers some of the lowest spreads for currency pairs that start from 0.1 pips, an opportunity to trade without fees (Terms and Conditions apply), and top liquidity level.
- You prefer trading with EAs. Exness offers some of the best conditions for trading with third-party Expert Advisors. These include low fees, the market’s highest liquidity, and servers located in the main Forex centers.
- You need free VPS without any conditions. Like other top brokers, Exness offers a virtual dedicated server. To get it for free, a trader needs to have at least $1,000 on the account or a 30-day trading volume of not less than $500,000 (excluding copy trading).
We checked the office of the Exness brokerage company in Cyprus, which is located at the following address according to the information on the company’s website:
1, Siafi Street, Porto Bello, Office 401, CY-3042 Limassol
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The company is located at the stated address
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We were able to speak to a company representative
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We were able to visit the office as clients
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Video of the company’s office and an interview with Exness
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Exness Summary
Your capital is at risk. You can lose your money. CFDs are complex derivative products. They come with a high risk of losing money due to leverage. You must study CFDs and be prepared to lose your investments.
The Traders Union website provides only actual and reliable information. For more than 10 years, the TU team has been studying financial markets and analyzing real trader reviews. This allows traders to objectively evaluate brokers’ activities and choose the best among them. See TU’s unique methodology here.
💻 Trading platform: | MetaTrader 4/5 (desktop, web, and mobile), Exness Terminal (web), and Exness Trade App (mobile) |
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📊 Accounts: |
Standard type: Cent, Standard, and Plus Professional type: Pro, Zero, and Raw Spread |
💰 Account currency: |
EUR, USD, GBP, CAD, AUD, and CHF for all account types; 38 more currencies for non-cent account types |
💵 Replenishment / Withdrawal: | Skrill, Neteller, Perfect Money, BTC, USDT, USDC, VISA, VISA Electron, Mastercard, Maestro, and internet banking |
🚀 Minimum deposit: | $10 |
⚖️ Leverage: | 1:unlimited for retail clients |
💼 PAMM-accounts: | No |
📈️ Min Order: | 0.01 |
💱 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% |
🏛 Liquidity provider: | FXCM Pro and ADS Securities |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Orders execution: |
Cryptocurrencies — market; Other assets — instant/market (Pro), market (Zero, Raw Spread, and standard account types) |
⭐ Trading features: |
Floating spreads; Fixed fee per lot on professional account types. |
🎁 Contests and bonuses: | Occasionally |
Due to an expanded range of trading accounts, Exness is suitable for both professionals and novice traders with little or no experience. The former trade on Pro accounts, and the latter trade on standard and cent accounts. Occasionally, Exness pays bonuses to its new and existing clients.
Not every broker can compete with the range of trading instruments offered by Exness. The company provides 5 classes of CFDs. Commodities can be split into two more groups — metals and energies. The choice of currency pairs is one of the widest on the market. There are over 100 pairs, including majors, minors, and exotics. Leverage is up to 1:2,000 on all account types. Further, active traders can use unlimited leverage subject to requirements for the number of traded lots. The requirements for standard and professional account types are 5 lots, for the cent account, it is 500 lots. The swap-free option is available for all account types.
Market execution is available for trades with currency pairs, indices, stocks, and commodities. Trades on the Pro account are executed instantly. This rule doesn’t apply to cryptocurrencies. Only market execution is available when trading those. Trading conditions on one account type on different platforms are similar. That is, swaps and spreads for Standard account types on MT4, MT5, or Exness in-house platforms are the same.
Exness Key Parameters Evaluation
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You can trade BTC vs the dollar on Exness with lots starting from 0.01 if you choose the volume in lots.
Opening a trade with 0.01 lots means you can trade with 1000 units of the base currency.
Trading Account Opening
To reduce spreads on each trade, use a TU referral code when opening an account with Exness. Before that, register on the Traders Union website.
TU expert Alex Smith opened an account with Exness.
First step to open a trading account is to register a user account on the broker’s website.
Fill in the application with your data and generate a reliable password.
Upon confirmation of your email, you can sign in to your user account.
Features of the user account: open live accounts and create demo accounts, deposit funds and make internal transfers.
Additional features of Exness’ user account:
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Productivity statistics;
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Submit withdrawal requests;
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Registration of a strategy provider account.
Regulation and Safety
The Exness Group includes 8 companies that are licensed in their respective countries of registration. The most reputable regulators of the broker are FCA and CySEC. However, subdivisions licensed by these regulators don’t provide their services to retail traders and private investors. Also, Exness is regulated by BVI FSC, FSCA, FSA (Seychelles), and FSC (Mauritius). Also, the broker is licensed by CMA and CBCS.
Since July 2021, Exness has been a member of the Financial Commission that protects traders in case of insolvency of the servicing broker. Therefore, if Exness goes bankrupt, each client can receive compensation of up to €20,000.
Advantages
- Client deposits are segregated from the company’s capital
- Multi-regulation allows the broker to work with traders from different regions
- All regulatory licenses are valid, which means that regulators are satisfied with the broker’s activities
Disadvantages
- FCA and CySEC licensed offices provide their services only to institutional B2B clients
Commissions & Fees
Account type | Spread (minimum value) | Withdrawal commission |
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Standard Cent | $0.3 | No |
Standard | $3 | No |
Standard Plus | $10 | No |
Raw Spread | $0 | No |
Zero | $0 | No |
Pro | $1 | No |
When traders transfer positions overnight, they either earn or lose money on swaps.
The comparative table below shows the average fees of three brokers. TU experts have compared Exness spreads to spreads of RoboForex and Pocket Option to find out whether they are compatible.
Broker | Average commission | Level |
---|---|---|
|
$2.4 | |
|
$1 | |
|
$8.5 |
Account Types
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
Deposit and Withdrawal
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Exness provides withdrawals through popular e-wallets, such as Neteller, Perfect Money, or Skrill;
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Withdrawals of cryptocurrencies and fiat currencies to bank cards are not available in all countries. Bitcoins can be deposited, but cannot be withdrawn;
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Traders can request withdrawals only to accounts opened in their names and upon the Know Your Client (KYC) protocols;
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Each system has its minimum withdrawal amount. For Perfect Money it is $2; for Neteller, it’s $4, and for Skrill, it is $10. If traders withdraw cryptocurrencies, the minimum for TRC20 is $10; and for ERC20 it’s $100;
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Withdrawal requests can be submitted any day of the week. All requests are confirmed within several minutes since their processing isn’t manual. The terms of receipt of funds depend on the transaction speed of a payment provider.
TU expert Oleg Tkachenko writes about the withdrawal of funds from Exness.
Investment Options
Exness clients can make passive income on copy and algorithmic trading. Forex novice traders can earn from copying trades of experienced traders with the social trading platform and standard opportunities of MetaTrader platforms. If Exness clients know how to trade, they can make additional income on broadcasting their own strategies.
How to start earning with social trading
Exness clients can choose any convenient method to receive trading signals. These can be signals broadcast directly on MetaTrader or in the Exness in-house mobile app.
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Strategy copying. This option is available on the Exness proprietary platform. Investors choose the strategy based on important parameters for them, such as income, number of subscribers, leverage, fees, etc. The Most Copied option allows traders to view the most popular strategies among investors.
Who can provide strategies? Experienced traders with effective trading can do that. Currently, Exness offers two account types for providers — Social Standard and Social Pro. The minimum deposit for both of them is $500. Leverage is up to 1:200 and the fee is up to 50% of the investor’s profit.
Who can become an investor? Any Exness client with a verified user account can be an investor. The minimum investment is $10, thus this option is available even to Forex novice traders without big capital. Investors choose strategies and copy them in the social trading mobile app. Install it on your smartphone or tablet and log into your Exness user account. The broker’s website provides a link to download the app from Google Play and the App Store. Also, there is a QR code.
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Copy trading . To copy trades of other traders, use the MetaQuotes signal service — MQL4 on MT4 and MQL5 on MT5. First, investors pay subscription fees, and later they pay fees to traders for successful trades.
In addition to copying trades and strategies, Exness clients can use bots and expert advisors, which are available in app stores on the MQL4 and MQL5 websites. There are paid and free plug-ins. Also, you can ask an experienced trader to develop an advisor to fit your trading goals. Algorithmic trading is not available for Exness proprietary platforms.
How to copy signals from traders to your account. | Firsthand Experience of Oleg Tkachenko by TU
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Partnership programs
Partner rewards are another type of passive income available to Exness clients. Any broker’s client can receive these rewards, regardless of their trading activity and deposits. The main condition to receive fees is to comply with the partnership program requirements.
Rewards for Exness partners:
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From $880 to $31,200 per month under the Introducing Broker (IB) program;
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From $10 to $1,850 for each client who makes the first deposit under the Affiliate Program.
Rewards for IBs depend on the number of referred clients — the more of them there are, the higher the fee. The maximum rate is 40% of Exness income from referral trading. Participants in the Affiliate Program receive fees subject to the first referral deposits.
Additional Trading Tools
All Exness clients who have live account types can use such additional tools when trading:
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WebTV. It provides Trading Central analytics in 3 languages from the floor of the New York Stock Exchange. New videos appear after noon (GMT).
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Currency converter. Choose your base currency, input the amount, and select up to 5 other currencies. Converter supports over 110 currencies, both fiat and digital.
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Fundamental and technical analyses. Trading signals from Trading Central, economic calendar, and market news from FXStreet are provided here. Also, installing a technical analysis indicator from Trading Central on MT4 is available.
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Financial markets, economic, and politics newsfeeds. Events can be sorted out by dates and tags.
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Forex trading ideas. These can be sorted out by trend, time frame, and currency pair.
Most analytics are provided in the trader’s user account, however, some tools are available on the broker’s official website in the public domain.
Customer Support
24/7 support is available to traders who speak English, Chinese, Vietnamese, Thai, or Swahili. Working hours of client service in other languages are available in the Contact us section of the broker’s website.
Advantages
- Support is available in 16 languages
- 24/7 live chat
Disadvantages
- No
Exness managers are available by:
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email;
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phone number provided in the Contact us section;
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live chat on the website or in the user account.
Contacts
Foundation date | 2008 |
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Registration address | Exness (SC) Ltd — 9A CT House, 2nd Floor, Providence, Mahé, Seychelles |
Regulation | FCA, CySEC, FSA (Seychelles), FSCA, BVI FSC, FSC (Mauritius), CBCS, and CMA |
Official site | www.exness.com |
Contacts |
+35725030959
|
Education
Currently, Exness doesn’t provide training for novice traders. If you want to learn basic Forex and CFD concepts, go to the Help section of the website. To develop practical trading skills, open a demo account.
Comparison of Exness with other Brokers
Exness | RoboForex | Eightcap | Pocket Option | FreshForex | Vantage Markets | |
Trading platform |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5 | Pocket Option, MT5, MT4 | MT4, MobileTrading | MT4, MT5, WebTrader, Mobile Apps |
Min deposit | $10 | $10 | $100 | $5 | No | $50 |
Leverage |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:30 to 1:500 |
From 1:1 to 1:1000 |
From 1:25 to 1:500 |
From 1:1 to 1:500 |
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 0 points | From 1.2 point | From 0 points | From 0 points |
Level of margin call / stop out |
No / 60% | 60% / 40% | 80% / 50% | 30% / 50% | 40% / 20% | 100% / 50% |
Execution of orders | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution |
No deposit bonus | No | No | No | No | $30 | No |
Cent accounts | No | Yes | No | No | Yes | No |
Detailed Review of Exness
Eight international regulators and the independent Financial Commission supervise Exness activities. This ensures a high-security level regardless of the Exness Group subdivision. Financial reports on main indicators, such as trading volume, active clients, withdrawal amounts, and partner rewards, are updated monthly on the broker’s website. Every six months, Deloitte (London), which is one of the Big Four global accounting firms, conducts audits of Exness. The broker also offers a fairly extensive list of CFDs on stocks, such as: Nvidia stock, Apple stock, Google stock, Tesla stock etc.
Exness performance as of September 2023:
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650,000+ active clients;
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Over $1.7 billion of withdrawn funds;
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Over $140 million of paid partner rewards.
Exness is a universal Forex broker for traders with varied trading experience
Due to a wide choice of trading instruments and platforms, Exness is suitable for traders with any background. Experienced market participants can trade with unlimited leverage and keep any number of open positions. For this, they use desktop MetaTrader 5 with advanced technical analysis tools.
Less experienced traders can use Standard account types, all versions of Exness MT4, and Exness proprietary platforms with easier-to-use functions than those of MT5. Any trader can first open a demo account to practice, and later open a cent account. Exness provides different types of analytics that help traders make informed trading decisions.
Tools to improve trading efficiency:
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Forex calculators. These tools are used to calculate margin, spreads, the value of 1 pip, fees, and swaps (short and long);
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Free VPS. It is provided for account types with a balance over $1,000 or with a monthly trading volume of $500,000 subject to the account balance of $500-$999.
Advantages:
Spreads from 0.3 pips on standard and 0 pips on professional account types;
Competitive fees per lot on accounts for experienced traders;
Free analytical tools and access to the WebTV newsfeed;
High partner rewards for attracting new clients;
Participation in international compensation funds that return investors’ money in case of the broker’s bankruptcy;
24/7 technical support is available in 5 languages, including English.
Exness adheres to a client-oriented approach in its payment processing policy. Therefore, instant deposits and withdrawals with no broker’s fees are available.
User Satisfaction