Exness Review. Exness is an excellent online trading platform affordable to all traders.
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Main features of the Exness broker and advantages of the platform

8 / 10

Exness is one of the famous and largest forex brokerage platforms operating in the international financial market. It has been operating since 2008.

All trading involves risk. Only risk capital you’re prepared to lose.
Main features of the Exness broker and advantages of the platform
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About broker

Exness is one of the famous and largest forex brokerage platforms operating in the international financial market. It has been operating since 2008. Today, there are two companies that are fully authorized to provide services on behalf of Exness. These are Nymstar Limited registered in the Republic of Seychelles and Vlerizo (Pty) Ltd. They can operate under the Exness brand and trademarks.

From the very moment of its foundation, EXNESS positions itself as a discount dealing center with loyal trading conditions. You can trade currency pairs, metals, digital coins, energy, stocks and indices. Each of the instruments has its own conditions.

Users admit the high level of leverage (1: 2000) and the absence of restrictions on the minimum deposit. For today, the platform has attracted nearly 150,000 traders. In December 2020, the monthly trading volume reached 673.6 billion US dollars.

EXNESS is headquartered in Limassol, southern Cyprus. The broker welcomes traders from many countries, but there are some location restrictions. You can learn more details on the official site.

We have prepared this Exness review to let beginners learn more about the platforms and its benefits.

Exness main interface
Exness main interface

Short History of Exness

2008 – a year of company foundation and purchase of the license for MT4. The broker attracts its first customers.

2009 -  the broker expands its operations to the CIS and Asian countries.

2010 – The company strengthens positions on the international market and builds a strong network.

2011 -  it reaches the first  significant milestones, improves trading conditions. and modernizes software.

2013 – the company celebrates its first anniversary and approaches its record turnover – $ 150 billion.

2014 -  the turnover grew to $ 198 billion by the end of the yearб and the company successfully passed independent Deloitte and MAP audits.

2015 – Exness signs contracts with Red Bull Racing and the World Wildlife Fund.

2016 – the broker obtains an FCA license.

2017 -  the broker achieves a new trading volume record - 266 billion dollars.

2020 – the platform attracts over 140,000 trades and reaches $ 673 billion market turnover.

Regulation

If you are looking for a broker for a long-term partnership, you should also think how to protect your investments. It is the first step for a trader to make sure that the company's activities are legal and comply with the international financial standards. In the case of Exness Forex, you have nothing to worry about. This broker complies with the requirements of the most reputable financial authorities:

FCA – the UK’s Financial Conduct Authority

CySEC – the Cyprus Securities and Exchange Commission

The broker has also a number of other certificates from less known regulators. But FCA and CySEC approvals allow it to service clients from all European countries. These licenses also provide the traders with financial protection in case of broker’s insolvency. The broker keeps traders’ funds in separate accounts in the most trustworthy banks. But in a case of a bankruptcy, the clients are entitled for decent compensation.

The presence of all these licenses prove that Exness broker review feedbacks are not fake and the company has all permissions for providing trading services.

Trading conditions

Exness trading conditions are appropriate for traders with any trading skill level. For beginners, there are real accounts with leverage up to 1: 2000 and floating spreads from 0.3 pips without commission. For professionals, ECN accounts are provided with a spread of 0.0 pips and a commission for each lot held. The other benefits include:

Exness has the following trading conditions and advantages:

  • there are no requirements for a minimum deposit;
  • tight spreads from 0.1 pips on classic accounts and from 0 on ECN accounts;
  • unlimited leverage from 1: 2 to 1: 2000 and higher;
  • execution of transactions - from 0.1 seconds (without requotes);
  • availability of cent accounts;
  • trading is carried out on the MT4 and MT5 trading platforms;
  • mobile trading and trading via WebTerminal is supported;
  • access to interbank liquidity;
  • trading with advisors and scalping is allowed;
  • Exness clients are provided with access to the TechnicalAnalysis trading indicator from Trading Central;
  • instant withdrawal of funds;
  • over 30 ways to deposit and withdraw funds without commission.

Once you register on the site and open a trading account, you get access to the following functions:

  • Forex trading (you can choose from over 130 currency pairs and CFD contracts);
  • free VPS server;
  • daily analytics;
  • regular contests and promotions;
  • qualified technical support;
  • exclusive affiliate program.

Platforms

Currently, the broker offers clients to trade on MetaTrader 4, MetaTrader 5, Exness Terminal and Web Terminal.

Exness MT4. MetaTrader 4 allows you to develop and apply various trading strategies, regardless of their level of complexity, as well as place most types of trade orders and apply two types of execution - immediate and market. Traders can perform technical analysis using multiple tools, including 23 analytical instruments and 30 built-in technical indicators.

MetaTrader 5 is an advanced platform from the largest trading software developer, MetaQuotes Software Corp. it is an improved version of the MetaTrader 4 platform that offers additional features and tools, including new order types and custom timeframes. It has an impressive set of features. Traders can operate 38 built-in indicators, 22 analytical tools and 46 graphs that considerably facilitate the process.

WebTerminal. It is a web version of the popular MT4 terminal. WebTerminal makes trading available from any location and at any time. You do not need exness mt4 download, you can go to the broker's website and immediately start forex trading in a web browser. All the features of this terminal are the same as on the MT4 platform – you will find all the necessary instruments for a full-fledged trader's work.

If you want to trade on both MT4 and MT5, you will have to open separate trading accounts.

Mobile Application

Following the latest market trends, the broker offers its customers convenient mobile solutions for iPhone, iPad, Android and Windows Mobile devices. Exness app download is free of charge. After installing the program on a smartphone, a trader gets a lot of advantages - quick access to the market on the go. You just need the stable Internet connection to conduct full-fledged trading from your smartphone. It is still possible to use technical analysis, make trades, apply strategies, adjust transactions, replenish your account and withdraw money.

Account types

This broker offers two account categories – standard and professional.

There are two standard accounts:

Details Standard Cent
Minimum deposit No No
Minimum trade 0.01 0.01
Leverage 1:2000 unlimited
Commissions No No
Spreads From 0.3 pips From 0.3pios

And you can choose one of three professional accounts:

Details Pro Zero Raw Spread
Minimum deposit $ 200 $ 200 $ 200
Minimum trade 0.01 0.01 0.01
Leverage unlimited unlimited unlimited
Commissions No From $3.5 Up to $ 3.5
Spreads From 0.01pips 0.00 0.00

A trading account can be opened in one of more than eighty currencies, including cryptocurrencies.

Exness demo account

The new platform members are offered to start the acquaintance with the broker from Exness demo. The activation of the training account is absolutely free and simple:

  • Open the Exness website and fill in your details on the right side of the page. Traders must select their country of residence, provide their email address and choose a password to enter the site.
  • After logging into the system, you will get access to your personal account. You have to indicate you want to continue in a demo mode by pressing a demo banner.
  • By switching to Exness demo account, you can start testing the terminal. You can check how the strategies and indicators work, open or close the position and so on. For this, you can use virtual money. The broker will deposit virtual $ 10,000 to your account.

Note that demo accounts are not provided for Standard Cent accounts.

Training and analytics

Many novice traders need educational materials and training programs. Exness broker review says there is no section on the site devoted to training. Unfortunately, for today, it is a significant disadvantage of the company since most brokers tend to have courses and video tutorials on their websites.

Exness offers a so-called Help Center to its visitors. It contains answers to the most common queries novice traders may have. You will find a detailed guide to all financial services offered by this Forex operator. After reading the guide, a trader will learn how to:

  • open a trading account;
  • manage your personal account;
  • replenish the account and withdraw the earned money;
  • work with a trading terminal.

Clients have access to Dow Jones News feed and various analytical reviews. For fundamental analysis, you can use an economic calendar. There are also reviews from TradingCentral, WebTV, Trader Calculator and Currency Converter services.

Deposits and withdrawals

For a quick and hassle-free replenishment of the account or money withrawal, traders are offered:

  • Bank cards  
  • Bank transfers 
  • Cryptocurrencies
  • Internal transfers
  • CashU, Perfect Money, QIWI, Skrill (Moneybookers), Webmoney, etc.

According to Exness reviews, broker clients appreciate automatic withdrawals. Now there is no need to wait for such requests to be processed. It is interesting that today only Exness offers customers such a unique service. You can receive your money via different channels -  bank cards, payment aggregators, etc.  

Customer support

The broker provides 24/7 technical support to traders. In order to find technical support contacts, you need to go to your personal account.

  1. Website address is www.exness.com
  2. Technical team email is support@exness.com
  3. Telephone is +357 25030959
  4. Physical address is 1, Siafi Street Porto Bello, Office 401, Limassol, 3042 Cy.

The broker also runs a blog with the content available in 20 languages.

Exness Bonuses and Rewards

The broker does not have a bonus system. But during different holiday periods, holders of real trading and demo accounts can participate in various contests. The rules are usually based on the need for active trading during the period of the contest period and to obtain the best results among all participants. For example, you must become the best in terms of trading volume, profit, and much more. Most often, the participants receive real cash prizes with the possibility of withdrawal or gadgets.

Earn with Exness  

Exness enables traders to participate in an affiliate program. The main task of the partner is to attract new traders to this Forex platform. All Exness clients can post a link to register with a broker on their own resources. For each client who uses the link and opens an account, the trader will be paid a reward. Exness offers its partners competitive payments for CPA / CPL / Revshare models: up to $ 1770 for the first client's deposit (FTD), up to $ 25 for a confirmed registration and up to 40% of the company's profit from the spread.

You will also find a special section with vacancies on the broker's website. The user can immediately get acquainted with the information what specialist the platform needs. Many job offers are only relevant for those who are ready to move to an office in Cyprus. 80% of all offers are vacancies for programmers, developers, web designers. But there are also offers for remote specialists.

Advantages and disadvantages of Exness broker

Advantages Disadvantages
Very low commissions A bit restricted number of assets
A good selection of trading accounts Not enough education materials
Fully regulated broker
Excellent customer service
Instant money withdrawals

Exness is an international brokerage company that provides high-quality services to thousands of clients. Traders appreciate tight spreads, high order execution speed, lightning-speed deposits and withdrawals without hidden fees. However, for qualified traders, the choice of trading instruments may seem insufficient. The beginners may lack educational material, but the broker has launched a blog with very informative content. Still, Exness mt4 demo account download is a great benefit of the broker. It allows a free and quick method to test the platform and decide for yourself whether it is worth continuing trading on this site. Overall, the platform will be the right place for those who have a basic understanding of the Forex market and look for the ability to trade without burdening investments.

SUMMARY
RECOMENDED
Easy to use
10 / 10
Reputation
9 / 10
Minimizing Fees
8 / 10
Customer support
7 / 10
Deposit/withdrawal
10 / 10
Build-in Analytics
9 / 10
8
CONS
-
Slow Customer Support
-
Country Restrictions
Broker: Exness
Founded in: 2008
Minimum deposit: No
Demo account: Free
Commissions & fees: 0,1-25%
Regulation: CySec, FCA, FSA, and the FSCA
Visit official website
Broker’s statistic
Broker: Exness
Founded in: 2008
Minimum deposit: No
Demo account: Free
Commissions & fees: 0,1-25%
Regulation: CySec, FCA, FSA, and the FSCA