Exness is a renowned online trading broker that has been offering services since 2008. Over the years, the company has established itself as a reliable and innovative broker, catering to traders worldwide. This detailed review will cover all aspects of Exness, including its trading platforms, account types, fees, regulation, customer support, and more, providing a comprehensive overview for potential traders.
Overview
Exness stands out for its transparency, competitive pricing, and user-friendly features. With hundreds of thousands of active clients and impressive monthly trading volumes, Exness has proven its reliability and efficiency in the trading industry. The broker offers a wide range of assets, including Forex, Crypto, Metals, Energies, and more, making it a versatile choice for traders.
| Strengths | Weaknesses |
|---|---|
| Diverse account types | Regional restrictions |
| Powerful trading platforms | Limited advanced educational resources |
| Competitive trading costs | No proprietary trading platform |
| 24/7 customer support | High leverage risks |
| Fast deposit and withdrawal | No managed account option |
| Transparency and security |
Trading Platforms
Exness provides several trading platforms designed to meet the diverse needs of traders. These platforms feature user-friendly interfaces, advanced tools, and cross-device compatibility.
- Mobile Trading Apps: Exness offers mobile trading apps, including MT4 and MT5, for both Android and iOS devices. These apps allow traders to access their accounts, execute trades, and monitor market developments on the go.
- Web Trading Apps: Exness offers a web-based trading platform that can be accessed directly through a web browser, providing convenience and accessibility without requiring any software download or installation.
- Desktop Trading Apps: For desktop trading, Exness supports the highly acclaimed MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms are known for their extensive charting tools, technical indicators, and capabilities for algorithmic trading.
Trading Platform Availability
|
Trading Platform |
Available |
|
MT4 |
Yes |
|
MT5 |
Yes |
|
cTrader |
No |
|
Proprietary |
No |
|
Platform |
Available |
|
Desktop Windows |
Yes |
|
Desktop Mac |
Yes |
|
Web Platform |
Yes |
|
Platform |
Available |
|
Android |
Yes |
|
iOS |
Yes |
Account Types
Exness offers a variety of account types to cater to the needs of different traders. Each account type has unique features and benefits, ensuring that traders can find an account that fits their trading style and experience level.
- Standard Cent Account: Ideal for beginners, this account allows trading with cent lots, enabling new traders to test strategies with smaller volumes. It offers stable spreads, reliable execution, and no commission, making it an excellent starting point.
- Standard Account: Suitable for both novice and experienced traders, this account features no minimum deposit requirements, stable spreads, and access to over 120 trading options.
- Pro Account: Targeted at seasoned traders, the Pro account offers limitless orders, low spreads starting from 0.1 pip, and the ability to trade smaller volumes efficiently.
- Zero Account: Designed for market execution, the Zero account provides zero spreads on top instruments for 95% of the trading day, making it ideal for expert advisors.
- Raw Spread Account: Tailored for experienced traders, this account boasts ultra-low, stable spreads with a fixed commission per lot, no position limits, and market execution.
|
Account Type |
Available |
|
Demo Account |
Yes |
|
Islamic Account |
Yes |
|
Segregated Account |
Yes |
|
Managed Account |
No |
|
Suitable for Beginners |
Yes |
|
Suitable for Professionals |
Yes |
|
US Trader |
No |
Commission and Fees
Exness is known for its flexible and transparent fee structure, ensuring that trading costs are clear and manageable.
- Account Minimum: Exness does not specify a minimum deposit requirement, allowing traders to start with an amount that suits their financial situation.
- Trading Fees: Exness employs a variable spread model, with spread values subject to change based on market conditions and account type. This dynamic approach offers traders flexibility in managing their trading costs.
- CFD Fees: The fees depend on the chosen account type; some accounts have commissions, but Exness offers zero spreads for specific accounts.
- Forex Fees: Forex trading on Exness primarily involves spreads, making it a cost-effective choice. The broker is known for its competitive spreads.
- Account Fee: Exness does not charge any account fees.
- Inactivity Fee: Exness does not charge any inactivity fees.
- Deposit Fee: Exness provides various deposit methods without any deposit fees, though traders should be mindful of fees set by their payment providers.
- Withdrawal Fee: Exness offers multiple withdrawal options without any withdrawal fees, but traders should be aware of potential fees from their payment providers.
Regulation
Exness operates under strict regulatory frameworks to ensure a secure trading environment for its clients. The broker is regulated by several esteemed authorities, requiring adherence to strict financial standards and maintaining adequate capital reserves to protect client funds.
|
Regulatory Body |
Status |
|
ASIC |
No |
|
CySEC |
Yes |
|
DFSA |
No |
|
EFSA |
No |
|
FCA |
Yes |
|
FMA |
No |
|
FSA (SC) |
Yes |
|
FSCA |
Yes |
|
FSC |
Yes |
|
JFSA |
No |
|
MAS |
No |
|
MiFID |
Yes |
Customer Support
Exness offers efficient customer support services tailored to traders’ needs. They provide support during standard and extended hours to accommodate various time zones. Multi-channel support options, including live chat, email, and phone, cater to diverse communication preferences. Additionally, traders can access supplementary resources such as FAQs, trading guides, and educational materials.
Deposit and Withdrawals
Exness ensures a user-friendly and convenient experience for depositing and withdrawing funds. Traders have a variety of options at their disposal:
- Deposits: Traders can fund their accounts using bank transfers, credit/debit cards, electronic wallets like Skrill and Neteller, and local payment systems.
- Withdrawals: Withdrawals are typically processed using the same methods employed for deposits, ensuring consistency and security.
Unique Features
Exness enriches its trading platform with a diverse range of unique tools and features designed to empower traders and elevate their decision-making processes. These resources provide invaluable insights into market trends, trading behaviors, and instrument-specific details.
- Real-Time Push Notifications: Traders receive real-time notifications directly to their devices, keeping them informed about market movements, price alerts, and potential trading opportunities.
- Trend Exploration Tools: Facilitate the analysis of market trends, helping traders identify suitable entry and exit points.
- Instrument-Specific Insights: Detailed information about each asset, enabling well-informed decisions based on the unique characteristics of each instrument.
- Comparative Analysis Tools: Allow traders to compare the performance of different assets, helping them select those best suited to their strategies.
Research and Education
Exness provides a learning center aimed at helping traders enhance their skills and knowledge. While the educational content is informative, there is room for further development to match industry leaders.
- Learning Center Overview: Covers various trading topics, including beginner guides, technical analysis, and trading strategies.
- Educational Content Comparison: While valuable, the content could be expanded and diversified to compete with industry leaders.
- Progress in Education: Offers educational content suitable for traders of different skill levels, aiding both novices and experienced traders.
- Content Sources: Draws from multiple sources, including articles and tutorials. Collaborations with experts could enhance credibility and depth.
- Areas for Improvement: Could provide more advanced and specialized content, as well as interactive elements like webinars and quizzes.
- Video Focus: Incorporating more video content could offer dynamic learning experiences and cater to different learning styles.
Final Thoughts
Exness’s commitment to transparency, security, and user-friendly features makes it a top choice for traders seeking a reliable and innovative broker. Its strong regulation, comprehensive range of trading instruments, and user-centric approach position it as a valuable partner in the trading journey.
Contact Info
- Website: www.exness.com
- Email: support@exness.com
- Company Address: 1, Siafi Street, Porto Bello, Office 401,
Limassol, Cyprus
FAQs
Question: What trading platforms does Exness offer?
Answer: Exness provides popular trading platforms like MT4 and MT5, known for their powerful features and user-friendly interfaces.
Question: Are there commission fees when trading with Exness?
Answer: No, Exness does not charge commission fees, making it a cost-effective choice for traders.
Question: What educational resources does Exness offer?
Answer: Exness provides educational content, but there’s room for improvement in offering more comprehensive resources for traders seeking to enhance their knowledge.
Question: Is Exness regulated?
Answer: Yes, Exness is regulated by reputable authorities, ensuring a secure trading environment.
Question: How accessible is Exness’s customer support?
Answer: Exness offers accessible customer support during both standard and extended hours, providing multi-channel assistance and supplemental tools.