Exness Review
30 Second Summary
Exness is a great broker for people who don’t want to make high capital deposits, but also for people who do not want to trade too much. There is an Exness Mini account option that can offer these traders exactly what they need. They have no withdrawal or deposit commissions, and they can only make a $1 deposit if they want that. They also have a 0.0001 minimum lot size. Also, the broker is amazing for people who put a premium on the compliance and legitimacy of a broker. Exness has some guidance from investor protections and regulations. Because of that, there are many compensation methods made in case the broker insolvency occurs – meaning that this will help cover traders when such a bad scenario happens. There are many things that we love about Exness. First of all, we like the fact that the customer service is easy to reach, but also the fact that the agents are very helpful, and they are always willing to help whenever a problem occurs. They can be contacted through live chat, phone, email, and other methods, and they are available 24/7. Secondly, we love the fact that they have a lot of financial instruments to choose from. There are also more than 120 Forex pairs, which is very convenient for investors. But that is not all. There are other benefits we like a lot about Exness, including the fact that they have a large selection of account types and the fact that there is less financial commitment thanks to the low minimum balances and the tight spreads. Just like any other platform, Exness comes with several drawbacks too. For instance, we don’t like the fact that despite having a wide variety of financial instruments, it still has less compared to other brokers, being more limited as a result. Also, we found it disappointing that the leverage for clients from Europe capped at 1:30. Exness is pretty amazing and brings many benefits to its clients. Traders don’t have to make high deposits, and in case the company fails, they will also be covered – thus, they will not lose any money in the process. It may be tempting to quickly create an account and start trading with Exness, but before doing so, you need to learn more information. More specifically, you need to be aware of some of the legal aspects regarding Exness. Exness is one of the veteran brokers available. It has been established in 2008, and it offers CFD and Forex trading services for people. The broker has nearly 60,000 client accounts in the whole world. The head office of the broker is in Cyprus. However, it also has some operating entities in the UK, South Africa, and Seychelles. Exness allows you to log in to their website using the international platform. At the moment, the Member Area on the UK and EU sites is not available. In terms of trading conditions, Exness allows different strategies. Scalping and hedging are both allowed, but change leverage is not enabled. The good thing about the platform is that it is regulated by some of the top-tier authorities in the industry. It is regulated by the Cyprus Securities and Exchange Commission (CySEC), as well as the Financial Conduct Authority (FCA) of the U.S. Considering people care about security a lot and that security is a concern when it comes to online brokerages, this is a great thing. There are more and more companies that are not regulated, and this is what makes it much easier for scams to start operating freely. As a result, people who are new to investing can quickly become victims. Fortunately, Exness has all its regulations in place. Exness is a safe platform, as it is not only present in several countries and has different offices regulated by high authorities, but it is also licensed. The site is regulated by FCA and CySEC, and it also has Negative Balance Protection. On top of that, the site works with segregated accounts, as well as annual reports. In the event that the company ends up failing, people will not lose their money, which is great. However, the broker is not listed on Stock Exchange, and there is also a global proposal that is regulated by SFSA. People from many countries can use the website. Clients are accepted from countries like the UK, South Africa, Cyprus, Finland, Germany, Austria, Brazil, China, Norway, Russia, Spain, and many others. Unfortunately, it does not accept clients from the United States of America. So, anyone from the US will have to look for another broker if they want to invest. Exness has won a couple of awards throughout the years. Some of them are the Most Transparent FX Broker 2019 (World Finance) and the Global FX Broker of the Year 2019 (The European). Therefore, the website has received recognition thanks to its long history and experience, but also its convenient features like trading technology and customer satisfaction. Exness has a lot of offerings. What is very convenient is the fact that Forex is an available option, so people who want to trade Forex are at advantage. Apart from that, the broker offers 107 currency pairs, as well as CFDs on Metals, Indices, Energies, and Stocks. Things don’t end there, because 7 cryptocurrencies are also available. Like many brokers out there, Exness also offers its clients various levels of leverage, which may increase potential gains. Leverage levels always depend on the instrument you trade, the regulatory restrictions, and your personal level of expertise in trading. Since the FCA and CySEC along with its European directive MiFID significantly lowered the possibility for leverage levels, the maximum leverage retail traders can use at Exness is as follows: Yet, the global entity of Exness may allow much higher leverage ratios up to 1:1000, which are also defined by the country of your origin. Always educate yourself on how to use leverage properly, as leverage may increase your potential losses, not only your potential gains. It is a double-edged sword. In terms of trading platforms, Exness comes with a web trading platform and a mobile one, which is great. Not only can you trade at home, but you can also trade on the go if necessary. Also, clients can select between MetaTrader 4 and MetaTrader5. The web platform has some of the basic functions necessary to trade effectively, and there are also some basic analytical objects and some customizable price charts. There are different types of trading operations, and the quotes are given in real-time. A Desktop platform is also available. As for the mobile trading platform, it can be downloaded on both Android and iPhone devices. The apps work well and are developed with the user in mind, meaning you can easily customize them. Exness offers several types of accounts. People can open a Standard Account, a Professional ECN Account, or a Standard Cent Account. Because of that, the platform is a great choice for both new and experienced traders. Exness has a demo account option available. It is free, and it is a great method for people to test the waters before committing to Exness. When it comes to Exness, the great thing is that you can choose between several deposit methods. This way, you can select the one that is most suitable for you. The available options include bank wire transfers, some credit cards, and some e-wallets like Skrill and Neteller. Fortunately, no minimum deposit is required, so people can start trading as much as they want. You can even deposit as little as $1 unless you have a professional account in which case you may be required to deposit $200. Withdrawals can also be done with the same methods as the deposits, so you can always choose the best one for you. Sometimes, Exness offers various promotions during specific periods. So, as a client, you will have access to them, but you need to keep an eye on the platform as they tend to change. In terms of education, Exness has the Exness Academy, which helps teach newcomers to learn a lot about trading. Various learning materials are also available to develop the knowledge and skills of the trader. You can find fundamental analysis, weekly outlooks, Web TV, financial news, trading ideas, and many others. Exness is great for people looking for a safe and reliable platform, and it’s useful for both new and experienced traders. So, if you are looking for good and safe service, this may be the platform for you. However, if they want to beat the competition, the broker should offer more financial products, so they still need to improve in this area. It is highly regulated and operates a secure, streamlined trading environment across the globe, that instills confidence in traders of every experience level. These traders can choose to use the popular MT4 or MT5 platforms, and forex market participants are able to trade using a lightweight web platform but also enjoy mobile execution. All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. Our reviews and overall scores are based on the key areas above, in a combination with our opinion and commentary. The reviews are shared and discussed with the brokers, but the authors of our website always have the final word. Furthermore, we always strive to keep the information on our website updated and relevant for our readers. What helps us stand out is that we always test our brokers with an anonymous live account, to ensure we deliver the most accurate information and experience to our readers. Finally, our reviews and evaluation are always independent of any financial compensation we may receive from the brokers. There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more at Wikipedia. All investments involve risks and are not suitable for every investor. The value of securities may fluctuate and as a result, clients may lose more than their original investment. The past performance of a security or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against the loss, in a down market. There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing. More details here. Looking for more information on brokers and trading? Have a look at our trading guides: Exness is a trusted global brand that offers retail forex and CFD traders an easy-to-use platform, and a thorough selection of tradeable instruments. However, Exness trails industry leaders in market research and advanced trading tools desired by active traders.Pros / Cons
Who Is Exness for?
Things We Like
Things We Don’t Like
Who Is Exness?
Is Exness Regulated?
Exness Licenses
Is Exness Safe or a Scam?
Countries It Accepts Clients from
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