Exness review: Exness is a popular online trading platform that provides a wide range of financial instruments such as forex, cryptocurrencies, commodities, and stocks for traders to invest in. The platform was founded in 2008 and has since become a well-known name in the world of online trading. Exness was previously headquartered in Cyprus, but since 2021 it has moved its legal structure to Belize.
One of the unique features of Exness is their focus on transparency and trust. They are regulated by top-tier financial authorities such as the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC), which ensures that the platform operates in a fair and secure manner.
In terms of customer support, Exness has a dedicated team that is available 24/7 to assist traders with any issues they may have. The platform also offers a variety of deposit and withdrawal options, including bank transfers, credit cards, and e-wallets, making it easy for traders to manage their funds.
Trading Terminals:
| 💵 Currency: | USD, EUR, GBP, JPY, AUD, CHF, CAD, SGD, HKD, and more. |
| 💰 Min deposit | From $10 |
| ⚖️ Leverage | 1:2000 |
| 💱 Spread | Variable, starting from 0 pips |
| 💹 Markets | Forex, CFDs on stocks, indices, commodities, cryptocurrencies, and more. |
| 📱 Mobile apps | iOS, Android |
| 🗺️ Headquarters | Seychelles |
Overall Exness Review
In summary, Exness is a reputable online trading platform that provides traders with a range of financial instruments, low trading fees, and a variety of educational resources. With their focus on transparency and trust, traders can be confident in using the platform to invest in the financial markets.
Go to Exness website
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Top Reviews
Best customer reviews of Exness
The site administration cannot guarantee review accuracy and lacks the technical means to verify if authors are actual customers. Reviews lacking detail and purely emotional in nature are disregarded.
In my opinion, the main advantage of Exness is their focus on transparency and trust. I felt confident that my funds were in safe hands due to their regulation by leading financial authorities. I was also pleasantly surprised by the low trading commissions and tight spreads, which allowed me to save on trading costs.
India
First, I appreciated the accessibility and convenience of their mobile app. Secondly, I found Exness to have an excellent selection of options for deposits and withdrawals. I was able to use a variety of methods, including bank transfers, e-wallets, and credit cards. Finally, I appreciated the high speed of execution of my orders. I did not encounter any delays or problems during the execution of my trades.
UK
One of the main reasons for my frustration is not having a wide enough selection of trading instruments. Even though Exness offers some of the most popular markets, I would have liked to see more trading options to make it easier for me to diversify my portfolio. In addition, I ran into problems when trying to contact Exness customer service. Although their website promises quick and professional answers to my questions, I often received incomplete or uninformative answers, which worsened my experience with the exchange.
US
Expert Review
Expert Review of Exness
Exness has licenses and regulators, such as the FCA, CySEC, and FSCA, which provide strict regulation and robust protection for client funds. This means that traders can feel confident that their funds are protected and will be safe.
In addition, the Broker uses advanced security technology, including SSL encryption, to ensure that data transfers between the client and the server are secure. This ensures that information, including clients' financial data, is protected from hacker attacks and will not be accessed by third parties.
Finally, the company also offers two-step authentication and the use of secure passwords to ensure the security of customer accounts. These are additional security measures that help prevent unauthorized access to a trader's account.
Overall, I recommend Exness as a reliable broker that provides security and protection for client funds and data.
Financial expert and analyst at TradersHero.com
Risk Warning! Trading in the markets can be complex and requires considerable experience and knowledge, so beginners are advised to obtain educational support and advice from experienced traders. In addition, clients must be prepared for market volatility and know how to manage their risk with the right strategies and risk management tools..
Copy Trading
Investment Programs
Exness offers copying trades of other traders through the Copy Trading feature. This means that traders can automatically copy trades of successful traders on the Exness platform using the automatic trade copying function.
Copy Trading on Exness is a feature that allows traders to automatically copy trades of successful traders on the platform.
By copying trades, newbies gain access to the experience and knowledge of experienced traders who have a high success rate. In addition, it allows traders to save time needed to analyze the market and make decisions about trades, as the system automatically repeats trades based on selected criteria.
To use Copy Trading on Exness, it's required to open an Invest account, which allows them to invest in portfolios of experienced traders. Clients can choose one or more traders whose trading strategies they like and set up their Invest account to copy their trades.
In addition, Exness provides risk control and portfolio management tools to help clients control their investments and protect their capital from potential losses.
Remember, while social trading can offer opportunities for profit, it also involves risks. Past performance does not guarantee future results, and losses are possible. Stay informed, exercise discretion, and make informed decisions based on your own risk appetite and trading objectives.
By following these steps, you can utilize the social trading feature on Exness.com to replicate the trades of successful signal providers and potentially enhance your trading experience.
Remember, copy trading carries risks, and it's important to carefully consider your personal circumstances, risk appetite, and financial goals before engaging in copy trading activities on Exness.com or any other platform.
One of the key differences between Exness' trades copying function and other similar services is that on Exness clients may choose only traders whose deals are verified and confirmed by the exchange itself.
In addition, on Exness, clients can select traders not only by profitability but also by risk, which allows them to control their investments and reduce potential risks.
Risk Warning
Best Copy Trading Platforms
Conditions
Trading Conditions for Exness Traders
Trading Terminals:
Exness offers its traders some of the most competitive trading conditions in the industry. One of the main advantages of trading with Exness is the low spreads that it offers, starting from 0 pips for major currency pairs. This allows traders to maximize their profits by keeping their trading costs low.
Another advantage of trading with Exness is the high leverage that it provides, with the maximum leverage reaching up to 1:2000. This enables traders to take larger positions with smaller amounts of capital, potentially increasing their profits. However, it is important to remember that high leverage also increases the risks associated with trading, so traders should exercise caution when using high leverage.
The company also gives its clients access to a wide range of markets, including Forex, stocks, indices, ETFs, soft commodities, energy, metals, and cryptocurrencies. This variety of trading instruments allows traders to diversify their trading strategies and potentially increase profits. Additionally, Exness uses advanced technology to ensure fast order execution and minimal slippage, providing traders with a reliable and efficient trading experience.
| 💵 Currency | USD, EUR, GBP, JPY, AUD, CHF, CAD, SGD, HKD, and more. |
| 💰 Min deposit | From $10 |
| ⚖️ Leverage | 1:2000 |
| 💱 Spread | Floating from 0 pips |
| 💹 Markets | Forex, CFDs on stocks, indices, commodities, cryptocurrencies, and more. |
| 📱 Mobile apps | iOS, Android |
| 💵 Replenishment / Withdrawal: | Visa/Mastercard, Bank payments, Electronic payments (Skrill, AstroPay, Neteller, AdvCash) |
| 🏦 Broker Type: | ECN, Market Maker, Dealing |
| 📞 Customer Service | Forums, Call Back, Phone, Chat, Email |
| 👩💼 Support | Multilingual |
| 👨💼 Personal Account Manager | ✅ |
| 🔁 Copy Trading | ✅ |
| 🔓 Demo account | ✅ |
| 🗺️ Headquarters | Seychelles |
Risk Warning
Comparison
Comparison of Exness with other FOREX Brokers
Broker comparison table of trading instruments
Commissions
Exness Accounts, Commissions & Fees
Exness provides its clients with several types of trading accounts with different trading conditions and commissions. The list of available accounts includes Mini, Classic, Pro and Raw Spread Accounts.
On the Mini account, the minimum deposit is $10 and the leverage is up to 1:2000. Spreads start at 0.3 pips and include only Forex currency pairs, metals and energy commodities. There is no commission for trading on the Mini account.
The Classic account has a minimum deposit of $100 and also allows up to 1:2000 leverage. Unlike the Mini, this account allows you to trade a wide range of instruments, including Forex, stocks, indices, ETFs, soft commodities, energy commodities, metals and cryptocurrencies. Spreads start at 0.1 pips and there is no trading commission on Classic accounts as well.
On the Pro account, the minimum deposit is $200, and leverage can also reach 1:2000. Spread on this account starts from 0 pips, and on some instruments might be a little higher than on Mini and Classic accounts. Commission for trading on Pro accounts starts from $3.5 per lot, but depends on the instrument type.
Finally, the Raw Spread Account implies a minimum deposit of $500 and allows up to 1:2000 leverage. On this account the spread starts from 0 pips and the trading commission is $3.5 per 1 lot.
| Account type | Mini | Classic | Pro |
|---|---|---|---|
| Min deposit | $10 | $200 | $200 |
| MT 5, MT 4 | ✅ | ✅ | ✅ |
| Spread (pips) | Floating от 0.3 | Floating от 0.1 | Floating от 0 |
| Commission per transaction | No fee | No fee | $3.5 – $5 |
| Min Order | 0.01 lot | 0.01 lot | 0.01 lot |
| Leverage | 1:2000 | 1:2000 | 1:Unlimited |
| Margin call / Stop out | 60% / 30% | 60% / 30% | 60% / 30% |
| Demo account | ✅ | ✅ | ✅ |
It is important to note that trading conditions and commissions are subject to change at any time Exness, so it is recommended to follow the current information on the official website of the broker.
Risk Warning
Final review
Detailed Exness Review
Exness is a forex and CFD broker that offers its clients a variety of trading account options, including Mini, Classic, Pro, and Raw Spread Accounts. With a minimum deposit of only $10 on the Mini account and a leverage of up to 1:2000, the broker provides a low barrier to entry for novice traders.
One of the standout features of Exness is its tight spreads, starting from 0 pips on some accounts. The broker also offers commission-free trading on most accounts, making it an attractive option for cost-conscious traders.
Exness has a diverse range of tradable assets, including forex, stocks, indices, ETFs, soft commodities, energies, metals, and cryptocurrencies. The broker also offers mobile trading apps for iOS and Android, making it easy to trade on the go.
Another notable feature of Exness is its multilingual customer support, which is available 24/7 via phone, chat, email, and forums. Additionally, the broker offers clients the option to have a personal account manager, as well as the ability to copy trades of experienced traders.
Overall, Exness provides a solid option for traders looking for a low-cost broker with a wide range of tradable assets, tight spreads, and multilingual customer support. However, traders should always conduct their own research and due diligence before choosing a broker.
Advantages:
Exness Regulator
Financial Conduct Authority (FCA) in the UK
The FCA is a financial regulatory body in the UK that oversees financial markets and firms. Exness is authorized and regulated by the FCA under the Financial Services Register with registration number 730729. This means that Exness has met the FCA's strict regulatory requirements, including the segregation of client funds, regular audits, and reporting requirements. The FCA regulation also provides Exness clients with additional protection through the Financial Services Compensation Scheme (FSCS), which provides compensation up to £85,000 per person if a firm is unable to meet its financial obligations.
Regulator website: Financial Conduct Authority
Cyprus Securities and Exchange Commission (CySEC)
CySEC is the financial regulatory agency of Cyprus, and is a member of the European Securities and Markets Authority (ESMA). Exness is authorized and regulated by CySEC under the license number 178/12. CySEC's regulations require Exness to comply with the MiFID II directive, which aims to protect investors and ensure market integrity. The CySEC regulation also requires Exness to maintain client funds in segregated accounts and to have sufficient financial resources to meet its obligations to clients.
Financial Sector Conduct Authority (FSCA) in South Africa
The FSCA is the financial regulatory agency in South Africa that oversees financial markets and firms. Exness is authorized and regulated by the FSCA under the FSP number 51024. The FSCA regulation requires Exness to comply with the Financial Advisory and Intermediary Services Act (FAIS), which provides protection to investors by ensuring that financial products and services are offered by competent and trustworthy financial advisors and intermediaries.
Dubai Financial Services Authority (DFSA) in the UAE
Dubai Financial Services Authority (DFSA) in the UAE: The DFSA is the financial regulatory agency in the Dubai International Financial Centre (DIFC). Exness is authorized and regulated by the DFSA under the license number F004356. The DFSA's regulations require Exness to maintain minimum capital requirements and to have adequate systems and controls in place to ensure the safety and security of client funds. The DFSA also requires Exness to comply with international standards and best practices in the financial industry.
Website of the regulatory organization: Dubai Financial Services Authority
Risk Warning
Promotions
Bonuses Paid by the Exness
Exness does not currently offer any deposit bonuses or promotional offers to clients. This is because regulatory bodies such as the FCA and CySEC have introduced strict regulations on the use of bonuses by brokers in order to protect clients from misleading marketing practices and irresponsible behavior.
While bonuses and promotions can seem attractive to traders, they often come with strings attached, such as high trading volume requirements, withdrawal restrictions, and hidden fees. These terms and conditions can make it difficult for traders to withdraw their funds or profit from their trades.
Instead of offering bonuses, Exness focuses on providing its clients with competitive trading conditions, advanced trading platforms, and excellent customer support. Traders can benefit from low spreads, fast execution, and a wide range of trading instruments across multiple markets, including forex, stocks, indices, and cryptocurrencies.
Education
Review of the Exness Education Program
Exness offers a comprehensive education program that includes a range of educational tools and resources to help traders of all levels improve their knowledge and skills. Some of the educational tools available through the Exness Education Program include:
Overall, Exness' education program provides traders with the knowledge and tools needed to succeed in the dynamic world of trading. With a focus on practical, real-world examples and a commitment to providing quality education, Exness is a top choice for traders looking to improve their skills and achieve their trading goals.
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Rating and Comments
Exness Users Reviews 2024
Authors:
Roman Mukhin
Financial expert, analyst and author
Jane Emberg
Financial analyst and editor
Exness is a decent forex broker. Their spreads are competitive, and the platform is easy to use. However, their customer service can be slow to respond, and the educational resources on their website are limited. Overall, they’re a decent choice for traders who want a reliable broker with competitive pricing.
My experience with Exness has been disappointing. The spreads are wider than advertised, and I often experience slippage on my trades. The customer service is slow to respond, and when they do, they’re not very helpful. The platform is outdated and difficult to navigate. Overall, I would not recommend Exness to other traders.
I’ve been trading with Exness for over a year, and I’m very satisfied with their services. The platform is easy to use, and the spreads are tight. The customer service is excellent, and the educational resources on their website have helped me improve my trading skills. The withdrawals are processed quickly, and I’ve never had any issues with them. Overall, I would highly recommend Exness to other traders.
Exness is an excellent forex broker with a user-friendly platform and competitive spreads. I’ve been trading with them for several months, and I’m very impressed with their customer service, which is available 24/7 via chat, email, or phone. The withdrawals are fast and hassle-free, and the educational resources on the website are helpful for traders of all levels.