Abstract：Exness is a leading forex broker founded in 2008 in St. Petersburg, Russia. The company is based in Cyprus and is regulated by the FCA of the UK, CYSEC of Cyprus, FSCA of South Africa and FSA of Seychelles. The multiple regulation demonstrates its commitment to transparency and security of its clients' funds.
Exness is a globally recognized forex broker, operating in over 170 countries, offering a diverse range of tradable assets, including currencies, commodities, and cryptocurrencies. With a daily execution of over 300,000 trades and monthly trading volumes exceeding $1 trillion, Exness is a high-volume broker known for its transparency. Regulated by CySEC , FCA FSCA, and FSA in different jurisdictions, Exness adheres to strict financial standards. In this Exness review, we'll explore the broker's offerings in detail to reveal the real exness.
|Quick Exness Review in 10 Key Points|
|Regulated by||FCA, CYSEC, FSCA, FSA|
|Market instruments||forex, precious metals, energy, indices, stocks|
|Minimum initial deposit||$10|
|Minimum spread||From 0.0 pips|
|Trading platform||MT5, MT4, own platform|
|Deposit and withdrawal methods||Credit/debit cards, skrill, neteller, neteller|
|Customer Service||E-mail/phone number/address/live chat|
It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
|Broker Model||Exness offers tight spreads and fast execution due to its Market Making model.||As a counterparty to its clients' operations, Exness has a potential conflict of interest that can lead to decisions that are not in the best interest of the clients.|
Exness is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, Exness acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of offering leverage. However, this also means that Exness has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interest of their clients. It is important for traders to be aware of this dynamic when trading with Exness or any other MM broker.
|Regulation||Exness is regulated by reputable bodies such as the FCA and CySEC, which provides some protection and security for customers.||Although regulated, Exness has received some penalties and fines in the past, which may be a concern for some customers.|
Exness is a leading forex broker founded in 2008 in St. Petersburg, Russia. The company is based in Cyprus and is regulated by the FCA of the UK, CYSEC of Cyprus, FSCA of South Africa and FSA of Seychelles. The multiple regulation demonstrates its commitment to transparency and security of its clients' funds.
In the following article, we will analyze the characteristics of this broker in all its dimensions, offering you easy and well-organized information. If you are interested, read on.
Yes, Exness operates legitimately, regulated by four regulatory authority across four jurisdictions, specifically, ASIC in Australia, FCA in the United Kingdom, FSCA in South Africa, and FSA in Seychelles.
Exness is closely monitored by various government and regulatory bodies in different regions or countries, done to make sure they follow the rules and guidelines that keep financial markets fair and safeguard the interests of clients.
|Regulated Country||Regulated Authority||Regulated Entity||License Type||License Number|
|ASIC||Exness (UK) Ltd||Market Making (MM)||730729a|
|CYSEC||Exness (Cy) Ltd||Market Making (MM)||178/12|
|FSCA||EXNESS ZA (PTY) LTD||Retail Forex License||51024|
|FSA||Exness (SC) Ltd||Retail Forex||SD025|
Exness's UK entity, Exness (UK) Ltd, is regulated by tier-one regulator FCA under regulatory number 730729a，holding a license for Market Making (MM).
Exness's second entity in Cyprus, regulated by the tier-2 regulator CYSEC under regulatory number 178/12, holding a license for Market Making as well.
EXNESS ZA (PTY) LTD in South Africa, regulated by FSCA under regulatory number 51024, holding a license for Retail Forex.
Exness's fourth entity in Seychelles, Exness (SC) Ltd is regulated by the offshore regulator FSA under regulatory number SD025, holding a license for retail forex.
|Variety of Instruments||Exness offers a wide range of instruments, including precious metals, energy, indices and equities.||However, its offer of currency pairs and cryptocurrencies is limited compared to other brokers.|
Exness offers a wide range of financial instruments for trading, including precious metals, energy, indices and stocks. Traders can access these instruments through the popular MetaTrader 4 (MT4) trading platform or its successor, the MetaTrader 5 (MT5) platform, both available in desktop, web and mobile versions. The platforms are highly customizable and offer a wide range of technical analysis tools and resources. Currently, cryptocurrencies and currency pairs appear to be unavailable.
To start trading with a very small amount of money, you can opt for a Standard Cent account, which requires a minimum deposit of just $10. With a Standard Cent account, you have access to the smallest lot size, known as the cent lot, allowing you to begin trading on various instruments with a margin of only $10.
The actual minimum amount required to initiate trading, however, will vary based on several factors, including the account type you choose, the payment method you use for deposits, regional regulations, and the prevailing market conditions.
Honestly, Exness's $10 minimum deposit is relatively low when compared to many other brokers in the industry, on the more accessible end of the spectrum, while many brokers set their minimum deposits at $100 or higher.
Here is the table showing the comparison of Exness minimum deposit with other brokers:
Exness offers standard and professional accounts. The standard account is a commission-free, feature-rich account suitable for all traders, including beginners, offering market execution, stable spreads and no requotes.
The Pro account is an account that can meet the needs of experienced traders. It features ultra-low spreads, even without spreads. Its execution is suitable for scalpers, day traders and algorithmic traders. The professional account has a minimum deposit of $200.
Certainly, Exness offers clients access to demo accounts that last for 30 days. The Exness Demo account is virtually funded at $10, 000 USD. Basically, Exness demo accounts include the following features:
Free to registere
Easy to fund
Access to leverage up to 2000:1
Experience real market conditions
Here is a simple guide to help you top up your Exness demo account:
Log in to your Exness Personal Area.
Go to the “My Accounts” tab and select the “Demo” section to find your preferred Demo account.
Click “Set Balance” and enter your desired amount, like USD 500, into the provided box. You can even set a lower balance if needed.
If you're using a grid view, click the gear icon on the account box to access the options, and then click “Set Balance.”
Confirm your action by clicking “Set Balance” once more.
These steps will quickly adjust your Demo account balance to your desired amount.
At Exness, spreads and trading commissions vary depending on the type of account and trading instrument. In general, spreads are low and competitive compared to other Forex brokers. In addition, the detailed trading instrument table provided by Exness allows clients to check spreads, commissions and other important details before opening a position in a particular instrument. For some instruments, such as XAGAUDm, on the standard account, Exness offers average spreads of 9.2 pips, no commissions and a maximum leverage of 1:2000. In addition, clients can adjust the stop loss level according to their needs and trading strategies. In short, Exness offers competitive spreads and commissions, allowing clients to trade efficiently and profitably on a wide variety of trading instruments.
Exness offers a variety of trading platforms, including the popular MT4 and MT5 trading platforms, available for download on desktop and mobile devices. In addition, Exness also offers its own trading platform, Exness Trade App, which is available on the web and mobile devices. The Exness platform offers an intuitive and easy-to-use interface, as well as a wide range of technical analysis tools and resources. Clients can customize the platform according to their needs and preferences, and can also access the automated trading feature through Exness VPS.
|Devices Available||Desktop, Mobile, Terminal,|
|Exness Trade App|
|Enables the trader's purchasing power to be increased||Increases the risk of significant losses|
|Facilitates access to markets that otherwise would not be accessible||May lead to overexposure to the market|
|Offers the opportunity to earn higher profits||Margin requirements can be difficult to meet|
|Allows diversification of the trading portfolio||Can cause emotional operations and bad decisions|
|Allows traders to take larger positions||Not suitable for novice traders with no previous experience|
The maximum leverage offered by Exness is up to 1:unlimited, which is a generous offer, ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also cause loss of funds, especially for inexperienced traders. Therefore, it is essential that traders choose the right amount based on their risk tolerance.
|Deposits and Withdrawals||Exness processes deposits in 30 minutes and withdrawals in 24 hours with no fees, making withdrawals fast and convenient.||Deposit and withdrawal methods are limited to bank cards and Perfect Money, which may be a limitation for some customers.|
Exness offers a wide variety of deposit and withdrawal options, including bank card and Perfect Money. The minimum deposit is around 10 USD, making it affordable for traders who wish to start with a small amount. Deposits are processed within 30 minutes and withdrawals within 24 hours, ensuring quick availability of funds for traders. It is important to note that although Exness does not charge fees for deposits or withdrawals, credit card providers, banks or payment systems may charge transaction fees or commissions that are beyond their control.
|Payment Methods||Min. Deposit||Min. Withdarwal||Fees||Processing Time|
|Perfect Money||$10||$2||Free||Deposit: within 30 minutesWithdrawal: within 24 hours|
|Bank Card||$10||$0||Free||Deposit: up to 30 minutes Withdrawal: 7-10 business days|
|Cryotocurrencies (USDT, Bitcoin, etc)||$10||$10||Free||Deposit: up to 1 dayWithdrawal: up to 1 day|
|E-payments (Skrill, Neteller, etc)||$10||$10||Free||Deposit: within 30 minutesWithdrawal: within 30 minutes|
Here is the video showing how to depsoit with bank card for your refrence:
Exness offers a range of educational resources that can help traders improve their understanding of the foreign exchange market and their trading skills. These resources include trading analysis tools, which provide detailed information on trading results and help traders identify patterns and trends. In addition, they offer calculators to help traders calculate trading costs and potential profits. Economic calendars and currency converters are also useful tools for traders who need to keep abreast of economic events and currency fluctuations. Overall, Exness educational resources are an excellent way for traders to learn more about the market and improve their trading strategy.
Exness has a high quality customer support service, which is available in several languages and offers different communication channels to meet the needs of its customers. Users can contact the support team via live chat, email and telephone, and some of these services are available 24 hours a day, 7 days a week. The support staff is highly trained and ready to assist users with any problems or queries they may have. In addition, Exness offers a FAQ section on its website, which covers a wide variety of topics and common questions to help users find answers to their questions quickly and easily.
However, the Exness website is only available in Chinese.
In conclusion, Exness is a reliable and well-regulated forex broker, offering a variety of trading instruments and a wide range of trading platforms to meet the needs of its clients. Their focus on transparency and client education is reflected in their educational tools and resources, as well as the detailed information provided on their trading instruments screen. Although its Market Making model may be a disadvantage for some traders, Exness compensates for this with competitive spreads and fast, commission-free deposits and withdrawals. Overall, Exness is a good choice for traders of all experience levels looking for a reliable and transparent Forex broker.
Q: Is it safe to trade with Exness？
A: Yes, Exness is a broker regulated by the FCA, CYSEC, FSCA and FSA, which guarantees a high level of security and protection for client funds.
Q: What are the spreads in Exness？
A: Spreads at Exness vary according to account type and trading instrument, but are quite competitive compared to other brokers.
Q: Are there any commissions in Exness？
A: Exness does not charge fees, but credit card providers, banks or payment systems may charge transaction fees or commissions.
Q: What deposit and withdrawal methods are available at Exness？
A: Exness offers deposits and withdrawals via bank card and Perfect Money.
Q: Does Exness offer educational resources for traders？
A: Yes, Exness offers a variety of educational resources, including trading analysis tools, calculators, economic calendars, currency converters and more.
Q: What are the pros and cons of trading with Exness？
A: Among the pros of Exness are multiple regulation, variety of account types and trading platforms, competitive spreads and multilingual customer service. Cons include limited deposit and withdrawal methods and lack of advanced technical analysis tools.
As the Black Friday frenzy extends beyond retail and into the world of forex trading, savvy brokers seize the opportunity to captivate traders with enticing bonuses and discounts. In this article, we explore three brokers - JustMarkets, AMarkets, and SuperForex - who went the extra mile to make Black Friday a rewarding experience for their clients.
Discovering a secure and reliable path in the trading landscape hinges on the pivotal choice of a broker, with regulated brokers emerging as steadfast guardians committed to safeguarding clients' investments, and with WikiFX providing essential tools and insights, empowering traders to make informed decisions for a confident and secure trading journey.
The evolving landscape of Binance and its former CEO's legal entanglements in the US regulatory environment unfolds amidst significant resignations, settlements, and ongoing investigations.
The risk of HankoTrade when investing has been rising recently. Issues of being unable to withdraw funds, price manipulation, and accounts suddenly closing