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Overall Score
4.2 /5

Pros

  • Instant Withdrawals
  • High to Unlimited leverage available
  • Ultra-fast Execution
  • 1200+ Instruments offered

Cons

  • No Bonus Available
  • Limited Education for Beginners
  • Limited Product Portfolio
Visit Exness
  • Main Regulators: CySEC, FCA, FSCA, CMA, FSC BVI
  • Crypto: Yes
  • Minimum Deposit: $10
  • Average Trading Cost EUR/USD: 1.0 pips
  • Withdrawal Fee: $0
  • Account Opening: 1 Day
Year Established
2008
Headquarters
Cyprus
Traded Assets
200+
Options
Crypto
Trading Fees
Average
Trading Platforms
MT4, MT5, Prop Platform
Islamic Account
Demo Account
Funding Methods
Bank wire, credit cards, e-wallets, Crypto
Tiers 1 Regulators
Tiers 2 Regulators
Negative Balance Protection

Products

Overall Score
4.1 /5
Open An Account

Pros

  • Low Latency
  • High leverage
  • Copy Trading available
  • Crypto available

Cons

  • Mainly CFDs
  • Average Trading Fees

Asset Selection and Leverage

Forex traders may find Exness to be an excellent multi-asset broker, offering a robust selection of circa 100 currency pairs and 30+ cryptocurrency pairs. 
Equity traders have access to 98 blue-chip stocks, while those interested in commodities and indices can choose from a dozen options, respectively.
The platform also caters well to non-Forex traders, providing a range of highly liquid trading instruments suitable for strategies such as scalping.

 
Availability
Maximum Leverage
Forex
500:1 to unlimited*
Crypto
25:1
Stocks
20:1
Equity Indices
400:1
Precious Metals
500:1 to unlimited*
Other Commodities
200:1
Bonds
ETFs
Real Stocks
Real Bonds
Options
Thematic Indices
Synthetics


For account equities between $0 and $999, Exness offers unlimited leverage. 
As the equity increases, leverage scales down: $0 to $4,999 at 2000:1, $5,000 to $29,999 at 1000:1, and $30,000 and above at 500:1.

Trading Fees

Forex traders may find Exness to be an excellent multi-asset broker, offering a robust selection of circa 100 currency pairs and 30+ cryptocurrency pairs.
Equity traders have access to 98 blue-chip stocks, while those interested in commodities and indices can choose from a dozen options, respectively.
The platform also caters well to non-Forex traders, providing a range of highly liquid trading instruments suitable for strategies such as scalping.

Average Trading Spreads (for Standard Accounts)

EUR/USD
1.0 pips
GBP/USD
1.2 pips
USD/JPY
1.1 pips
Gold
$0.2
Bitcoin
$52.6
S&P 500 Index
0.6
WTI Crude Oil
$0.03

Platforms

Overall Score
4.1 /5
Open An Account

Pros

  • MT4/MT5 available
  • Good Mobile Trading app

Cons

  • Limited choice of external platforms

Various trading platforms are available for users, accessible via web, desktop, and mobile devices. These platforms include:

Popular External Platforms

The MT4 platform is one of the most popular trading platforms amongst new and established traders.
It offers a comprehensive set of features designed to empower traders with the tools they need to succeed in the dynamic world of financial markets.
From advanced analytical tools to smart trader features and community support, it caters to the diverse needs of traders while providing a seamless trading experience.

 

Key Features:
  • Analytical Tools: The platform boasts a wide array of analytical instruments, including advanced charting capabilities and a diverse range of technical indicators. These tools empower traders to conduct thorough market analysis and make informed trading decisions.
  • Smart Trader Tools: Enhancing functionality, the platform provides smart trader tools such as Expert Advisors (EAs) and a variety of indicators, allowing for automated trading strategies and advanced charting features.
  • Order Types and Execution Options: Traders benefit from the flexibility of various pending order types and execution options, enabling precise control over trade entry and exit points.
  • Community and Customization: Access to a vibrant trading community and thousands of online plug-in tools enriches the trading experience. Additionally, traders have the ability to create custom Expert Advisors using the platform's programming language.

 

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MetaTrader 5 (also known as MT5), is a versatile trading platform, that caters to advanced trading needs, providing access to automated trading systems, technical tools, and copy trading.
Among its notable features are:

  • Diverse Asset Classes: MT5 offers access to a wider range of asset classes, including stocks and commodities, compared to MT4.
  • Advanced Timeframes: MT5 provides additional timeframes for charting, offering more flexibility in analyzing price movements.
  • Enhanced Depth of Market (DOM): MT5 improves the Depth of Market feature, providing a more comprehensive view of market liquidity.
  • Built-in Economic Calendar: MT5 includes a built-in economic calendar, allowing traders to stay updated on key economic events directly from the platform.
  • Advanced Technical Analysis: MT5 introduces more built-in technical indicators and graphical objects for in-depth market analysis.
  • Hedging and Netting: MT5 supports both hedging and netting accounts, offering more flexibility in position management.
  • Improved Strategy Tester: MT5's Strategy Tester offers faster and more efficient backtesting of trading strategies compared to MT4.

 

Key Features
Analytical Tools:

The platform boasts a wide array of analytical instruments, including advanced charting capabilities and a diverse range of technical indicators. These tools empower traders to conduct thorough market analysis and make informed trading decisions.

Smart Trader Tools:

Enhancing functionality, the platform provides smart trader tools such as Expert Advisors (EAs) and a variety of indicators, allowing for automated trading strategies and advanced charting features.

Order Types and Execution Options:

Traders benefit from the flexibility of various pending order types and execution options, enabling precise control over trade entry and exit points.

Community and Customization:

Access to a vibrant trading community and thousands of online plug-in tools enriches the trading experience. Additionally, traders have the ability to create custom Expert Advisors using the platform's programming language.

 

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In-House Platform Offering

Leverage advanced charting tools and popular indicators on a comprehensive trading platform that offers in-app tools like a trading calculator for margins, spreads, and swaps.
Set up price alerts and receive trading notifications to stay informed about the status of your positions and market movements.
Enhance your strategy with resources like Trading Central signals, an economic calendar, and real-time market news from FXStreet, all while keeping track of your favorite instruments and top movers.

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Experience the Exness Terminal, a robust web trading platform offering over a hundred CFDs, complete with a detailed watchlist for real-time pricing and movement.
It features one-click trading for swift order execution and a comprehensive portfolio area to monitor trades, including specifics like stop loss, profit, and more.
The platform is enhanced with advanced charting from TradingView, versatile account management tools, and is fully compatible with all Exness account types supported by MetaTrader 5.

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Accounts

Overall Score
4.8 /5
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Pros

  • Smooth and Fast Account Opening
  • Raw Spread Account available
  • Swap-Free available

Cons

  • None

Account Types

Exness provides multiple trading accounts, each designed to cater to the varying needs of different trader types.

Standard Account
 Most popular account - It caters to all types of traders, with no commission, spreads from 0.2 pips, and unlimited maximum leverage.
This account supports a wide range of instruments including Forex, metals, cryptocurrencies, energies, stocks, and indices, with the minimum deposit varying by payment system.
Standard Cent Account
 The Standard Cent account is ideal for new traders, offering trading in micro lots with no commission, spreads from 0.3 pips, and unlimited leverage.
It supports trading in Forex and metals, with the minimum deposit dependent on the payment system.
Pro Account
 The Pro account features instant execution with zero commission and low spreads starting from 0.1 pips.
It requires a minimum deposit of $3,000, offers unlimited leverage, and supports a wide range of instruments including Forex, metals, cryptocurrencies, energies, stocks, and indices.
Zero Account
 The Zero account offers zero spread on the top 30 instruments, market execution without requotes, and a minimum deposit of $3,000. It features spreads from 0 pips, a commission starting at $0.05 per side per lot, unlimited leverage, and supports a diverse range of instruments including Forex, metals, cryptocurrencies, energies, stocks, and indices.
Raw Spread Account
 The Raw Spread account offers the lowest spreads starting from 0 pips with a fixed commission up to $3.50 each side per lot, coupled with market execution. It requires a minimum deposit of $3,000, provides unlimited leverage, and is available for trading a wide range of instruments including Forex, metals, cryptocurrencies, energies, stocks, and indices.
Social Standard Account
 Start your journey as a strategy provider with a Social Standard account, featuring a lower minimum deposit, market execution, and consistently low and stable spreads.
Social Pro Account
 Advance as a strategy provider with the Social Pro account, which offers instant execution, the lowest and most stable spreads, and requires a higher minimum deposit.
Islamic Account
 Exness automatically assigns a swap-free account (also known as an Islamic account) to all clients residing in countries that adhere to Sharia law. Swap-free status can be granted to any account type.
Notably, Exness distinguishes itself by not imposing an administrative fee or widening spreads as a substitute for swaps, making their accounts more genuinely compliant with Sharia principles.

Account Opening Process

Opening an Exness trading account is straightforward and aligns with industry norms, beginning with an online application where you provide your country of residence, email address, and a chosen password.
This process grants access to the Exness Terminal and the Exness Personal Area, a secure and intuitive platform where traders can manage their accounts, customize settings, receive trading recommendations, and participate in social trading. As a multi-regulated broker, Exness requires account verification, typically achieved by submitting an ID copy and a proof of residency document.
Additional information may be requested on a case-by-case basis.

 

Account Base Currencies

The account base currencies available at Exness include AED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, and ZAR. 
This extensive range of currencies surpasses that offered by any competitor, highlighting its broad international reach.

This is important for two main reasons:
1) If you deposit funds into your trading account using the same currency as your bank account, or if you trade assets denominated in your trading account's base currency, you can avoid paying any conversion fees.
2) To further reduce currency conversion costs, consider opening a multi-currency bank account with a digital bank.

These accounts typically support multiple currencies and offer favorable exchange rates, along with low-cost or free international bank transfers.
Plus, you can open an account quickly and easily using just your phone.

Account Features

Minimum Deposit
$10
Inactivity Fee
Currency Conversion Fee
Broker commissions
Depending on the account
Hidden Fees
Negative Balance Protection

Deposit and Withdrawal

Overall Score
4.8 /5
Open An Account

Pros

  • No Deposit Fee
  • Free Withdrawal
  • Fast Withdrawal
  • e-wallets funding available

Cons

  • None

Exness does not charge internal fees for deposits or withdrawals. Withdrawal requests to e-wallets are typically processed within seconds, though they can take up to 24 hours.
Bank wire transfers may take up to three business days, and credit/debit card withdrawals can require up to five days.
The names on both the payment processor and the Exness account must align, and if deposits are made using multiple payment methods, withdrawals must be distributed proportionally across these methods.

For instance, if a trader deposits $600 via a debit card and $400 via Skrill, then 60% of the withdrawals must be made back to the debit card, and 40% to Skrill.
Exness also recommends payment processors based on the trader's location and previous withdrawal experiences, guiding users towards the most efficient options available.

Payment Methods

Bank Transfer
Credit/Debit Cards
Electronic Wallets
Crypto Payments

e-wallets

Neteller
Skrill
Perfect Money
SticPay
OZOW
CapitecPay

Fees and Processing Time

Deposit Fee
Withdrawal Fee
No [except for bank transfers done by clients outside the EU/Australia]
Withdrawal Processing Time
Fast

Trust

Overall Score
4.5 /5
Open An Account

Pros

  • Established since 2008
  • Good TrustPilot Score [4.5]
  • Audited by Deloite, a Big Four accountancy firm

Cons

  • No Banking License

Although the broker is regulated in eight jurisdictions, only the FCA and CySEC are recognized as highly reputable regulatory bodies.
Interestingly, the broker does not have operations in the markets overseen by these authorities.

Global Regulations
Registration Country
CySEC
Cyprus
FCA
United Kingdom
FSCA
South Africa
CMA
Kenya
FSC BVI
British Virgin Islands
FSC-M
Mauritius
FSA-S
Seychelles
CBCS
Curacao and St Maarten

Customer Xperience

Overall Score
3.1 /5
Open An Account

Pros

  • Free VPS Hosting
  • Good Customer Support
  • Stop Out Protection Feature

Cons

  • No Bonus available
  • No Education for Beginners

Education and Research

Exness enhances its trading services by incorporating Trading Central and FXStreet for trading signals, market analysis, and economic news, allowing the broker to concentrate on refining its core trading platform while leveraging trusted third-party resources.
These services are accessible through the Exness Personal Area and its trading platforms, including MT4.

Given that Exness targets more seasoned traders, it does not offer educational content, aligning with its business model.
However, beginners interested in trading with Exness are advised to seek comprehensive, free educational resources from external providers, particularly on trading psychology, and to avoid paid courses.

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Sweeteners

Bonus
Trading Competitions
Free VPS
No [Discount available though - Forex VPS/ NY City Servers]
EA

Customer Support

Exness provides a live chat bot that is generally effective, though it struggles with some basic inquiries.
It can, however, differentiate between various trading accounts and direct users to relevant information.

Additionally, Exness details the availability of its global support team, offering phone and email assistance 24/5.
The help center also contains valuable information for addressing common questions.

Moreover, both their official website and client support are accessible in 16 languages, including English, Thai, Chinese, and Swahili, enhancing accessibility for a diverse user base.

FAQs
Well Structured
Support Methods
Live Chat,
Email,
Support Hours
24/5
Multiple Languages
English,
Arabic,
French,
Portuguese,
Spanish,
Russian,
Chinese,
Other