Our Exness Review
What is Exness? ย
Table of Contents
Exness is the most practised and widely renowned Forex and CFD broker. The Exness Group is enriched with trading instruments, and suitable account types for newbie or expert traders and is regulated under all the major regulatory authorities.
Since 2008, Exness broker is thriving in the trading industry and its constant actions towards servicing, its clients are noteworthy.
Exness has offered its clients to gain unlimited extra profit through an affiliate program or by becoming a strategist.
The broker has also kept the Copy trading facility to ease the tension or pressure of its clients regarding trading strategy.
What makes Exness a market Leading Broker?
Become a market-leading broker, itโs not a cup of cake or an overnight miracle. Exness has always been transparent, and the group has kept publishing financial reports to the world.
The report says, in May 2022, in total $2.004 trillion of trading volume has been traded. The number of active clients in May 2022 is 304,482, the total number of withdrawals in Q1 2022 is $870 and grossly $83.3 million is the partner rewards in Q1 2022.
Exness Regulation
A responsible and market leading broker knows it very well that ensuring money security of clients is mandatory. In fact, traders are more likely to depend and trust on the properly regulated brokers.
A broker isnโt trustworthy at all in case it doesnโt have an international governing authority registration number or license.
Brokers having registered with top regulatory bodies are more likely to be strong brokers. Actually, trading with a strong regulated broker will ensure your asset and personal information privacy.
Exness broker emerged in the FX market since 2008 and over the years it has developed a prestigious rank in trustworthy brokers list.
Here is the list of the licenses-
- FSA (Financial Services Authority)โregulated by Seychelles Financial Services authority; license number SD025
- CBCS (Central Bank of Curacao and Sint Maarten)- the license number is 0003LSI and the central bank of Curacao and Sint Maarten ensures stability, efficiency, integrity and soundness of both of the countries
- Financial Services Commission (FSC) in BVI- handles financial business operations occurring in and out of BVI. Exness registration number for FSC regulation is 2032226 and the license number is SIBA/L/20/1133
- Financial Services Commission (FSC) in Mauritius- the registration number is 176967 and the investment dealer license number is GB20025294
- Financial Sector Conduct Authority (FSCA)โin South Africa Exness is conducting the rule of the financial service provider (FSP) with FSP number 51024
- Cyprus Securities and Exchange Commission (CySEC)- license number 178/12
- Financial Conduct Authority (FCA) for the United Kingdom- for the UK region Exness is registered under FCA with registration number 730729
Exness Pros and Cons
| Pros | Cons |
| 1. Spread is minimal (starts from 0.0 pips) | 1. Minimum deposit is $200 for the raw spread account |
| 2. Verified and regulated by FSA, CBCS, FSC-BVI, FSC-Mauritius, FSCA, CYSEC, FCA- United Kingdom. | 2.ย Currently thereโs no promotional and bonus program. |
| 3. All the major and popular platforms are available. For example- MT4, MT5, Multi-terminal (Windows), Web terminal and Exness Terminal (MT5) | 3. Doesnโt provide its trading service to USA residents. |
| 4. No swaps fee for Islamic countries. In fact, swap is considered 0 for Cryptocurrencies, Indices, Stocks and Gold(XAUUSD) | 4. Highest withdrawal limit per transaction is $10,000 |
| 5.ย Access to completely free VPS | |
| 6. Broker type- Dealing desk | |
| 7. Instant deposit and quick execution | |
| 8. Withdrawal process is done under 72 hours. | |
| 9. Unlimited leverage facility | |
| 10. A wide variety of trading instruments- Forex 100+, Metals, Indices, cryptocurrencies, Energies, Stocks. |
Is Exness safe or a scam?
If we pay close attention to the history of the Exness broker, then we find out that-
Exness started its journey in 2008 and, to date, it is undoubtedly providing trading services worldwide.
The broker is regulated and licensed by the top regulatory bodies like FSA, FSC, FCA, FSCA, CySEC, and CBCS.
If you check the license number from the websites of the regulatory bodies, you will know about Exnessโs legality.
One more important term to notice is, that the broker always tries to lessen the trading cost of the traders. For this noble cause, Exness pays the third-party withdrawal fees.
To add more value in the trading experience, the broker doesnโt charge any swap fees from the Islamic countries. In fact, the spread is lower than other brokers.
Considering the above excellent factors, we can definitely claim that Exness is not a scam. Indeed, itโs a reliable and market-leading broker.
Leverage
Leverage depends on the equity of the trading amount. However, Exness broker has set a fixed ratio which helps a trader to calculate the expected leverage for a certain amount of money/equity.
The ratio follows:
For equity starting from 0 to 999, the maximum leverage ratio is 1: Unlimited
For 0- 4,999 equity: maximum leverage is to be counted as 1:2000
For 5,000- 29,999 equity, the highest leverage is 1:1000
And for 30,000 and above, the highest leverage ratio is counted as 1:500
Account types
Exness has 5 account types- Demo account, Standard Cent Account, Standard account, Zero accounts and Raw Spread Account.
One of the basic and finest features of all the account types is there are no requotes in-market execution. Here, requotes stand for trade execution delay notification.
Normally, a trader wants to hit the market instantly with the exact price while buying/selling the trading instrument. But if the market has too volatility or sudden economic changes breaks out, then thereโs a possibility remains that the brokerโs system cannot target the trade in traders estimated price. And this time a requotes message is sent to the trader to reopen the trade with a new price. And it will not be wrong to say, the new rate is higher than previously.
Thatโs why itโs important to choose a broker which can ensure no requotes or no delay trade execution. Hope, this game-changer trick will boost your trading journey brilliantly.
Have a look at the following details-
Demo account- one of the finest category of Exnessโs account type is a demo account. And a trader will directly get into the access of a demo account after a successful registration with the broker.
Only exception goes with the Standard cent account. In this account, type a trader needs to trade with no demo practice.
Exness demo account is fully realistic as the price of feed is exactly the same as an actual account. In the demo account, the trader gets USD 10,000 to practice with an enriched real account atmosphere.
Standard Cent Account
A standard cent account is ideal for those traders who donโt want to grab huge risk trading in large volumes. Actually, this account type helps traders to trade with popular currency pairs in micro lots.
A standard cent account has no minimum deposit limits, you will get 36 currency pairs to choose the best micro-lot including some expensive metals like silver and gold.
This type of account holder will get leverage up to 1:Unlimited and the minimum lot size is 0.01. To add more value to the trading experience the micro account type has no trading commission and the spread starts from 0.3 points.
This account type is only available on MT4.
Standard Account
Standard account type provides flexible and enriched trading facility with dynamic trading instruments, currencies and leverage diversities.
Traders of any level finds it appropriate with no minimum deposit requirement, unlimited leverage, 0 trading commissions and so on. The standard account type is available both on MT4 and MT5. While the spread starts from 0.3 points thereโs no delay in market execution.
Zero account
Exnessโs zero account has imposed 0 spreads for 95% of the trading days on 30 pairs. Some other fantastic features of the Zero account type are-
- Zero account is suitable for EA and automated trading with having spread 0
- Traders can start trading with minimum 0.01 lot size
- All the popular currency pairs are available including Forex, Metals, Energies, indices and cryptocurrencies.
- Traders need to count on mind the commission which is per lot /side starting from 3.5USD
- With no market execution delay, zero account is can equally be operated on MT4 and MT5 platform
Raw Spread Account
Raw spread account type is specially ideal for offering the lowest spreads, along with a minimum commission of $3.50 per lot size.
Some other bullet highlighting factors of this account types are- It has 0.0 spreads, leverage is 1: unlimited, and the traders can choose to trade material from diverse pairs. For instance, traders can easily choose from Forex, Cryptocurrencies, Metals, energies even indices.
In this Raw Spread account type, a trader must need to deposit a minimum $200 to execute the trade. With no execution delay.
Pro account
Exnessโs pro account comes with all the facilities of the standard account. But this account type has something more to offer. For example:
- There is no commission charge
- This account can easily be launched on both MT4 & MT5 simultaneously
- Spread is very low (0.1 points min
- Almost all the trading instruments like- metals, energies, indices, crypto, Forex and all the global currency pairs
- Leverage is very high and traders can enjoy unlimited leverage per single trade
And last, to trade under this account type, you just need to deposit the minimum deposit amount of $200.
Market Instrument
Forex- There are over 100 currency pairs available for traders to choose from. Traders can trade using the forex currency pairs in all the account types (standard, standard cent, raw spread, zero and pro). Almost every major, minor and exotic pairs are open to trade.
MetalsโTrading metals with Exness can never be an awful choice. You can diversify your portfolio by trading metals like silver, palladium, platinum and Gold.
Using metals for trading is beneficial in the long run since it can ensure fast and reliable execution with low spreads.
Cryptocurrencies- one of the exciting trading instruments of Exness broker is having 35 diverse cryptocurrencies. Besides it, with no time limitation, a trader can trade 24/7 while he can take leverage up to 1:400.
EnergiesโYou can get yourself involved actively by trading the worldโs most popular commodities, which include crude oil, crude oil Brent and natural gas
Stocks– Traders can also take advantage of stocks. Some of the renowned and industry thriving tech industries have opened their stocks for traders. For instance- Google, Tesla, Alibaba, Intel, and Amazon.
Indices- If you have a unique taste and want to trade on the worldโs most popular and demanding indices, then Exness has got your back. Some of the major indices items of the broker are Down jonesed industrial average, FTSE 100, S&P 500, etc.
Forex Trading Hours- Normally, the forex market is always open from Sunday 21:05 to Friday 20:59.
Besides this, a couple of trading pairs/instruments have slightly different opening and closing schedules.
All stocks are open to trade from Monday till Friday and the opening and closing time is 13:40 to 19:45. On the other side, all cryptocurrencies are 24/7 tradable.
N.B- Exness counts all time zone in GMT+0
| Instruments | Opening Hour | Closing Hour |
| USDCNH, USDTHB | Sunday 23:05 | Friday 20:59 |
| USDILS, GBPILS | Monday 05:00 | Friday 15:00 |
| XAU,XAG | Sunday 22:05 | Friday 20:59 |
| XPDUSD, XPTUSD | Sunday 22:10 | Friday 20:59 |
| USOIL, XNGUSD | Sunday 22:10 | Friday 20:45 |
| UKOIL | Monday 00:10 | Friday 20:55 |
| AUS200, US30, FR40, DE30, USTEC, US500, STOXX50 | Sunday 22:30 | Friday 20:00 |
| HK50, JP225 | SUNDAY 23:00 | FRIDAY 20:00 |
Spreads โ With Exness broker traders can trade Forex, Metals, Cryptocurrencies, Energies, Stocks and indices. A spread is the difference between Bid and Ask price and it is always subject to continuous change.
Thatโs why itโs not possible to foretell the spread for any of the trading pairs/instruments.
Only in the case of Zero account, 0.0 pips remain fixed for 95% of the instruments. You will notice an asterisk sign in those 0 spreads instruments to identify those distinctively.
Swaps
Swap is a charge for the overnight position, which is redirected for the next day’s trade. That means swap stands for an overnight trade opening fee.
Some important facts about swaps are- there is no swap charge for traders who are residents of Islamic countries and follow the Sharia law.
While the market isnโt active, no swap is charged. Thatโs why to compensate for the gap, a triple swap is charged on Wednesday. And for Energies, the triple swap is applied on Fridays.
Another important fact of swap is trading Cryptocurrencies, Indices, Stocks and Gold (XAUUSD) are totally swap-free. All swaps are either deducted to credited at GMT 22+0.
Margin Requirements
Margin is the obvious amount a broker will ask you to open a trade. Here, we need to understand that margin is a variable number, and it directly relays on trading volume, leverage, trading instrument even the area you are from. Since Exness is introducing different trading instruments, each type of instrument has different margin requirements.
If we discuss Forex, we can notice- regardless of the leverage, all the Exotic pairs have fixed but particular margin requirements, respectively.
But exceptions can be noticed for cryptocurrency and Energy trading. For Energy trading, irrespective of the leverage, the margin remains fixed at 0.5%.
Just like spread changes dependent on Live market situations, the margin requirement is fully based on the leverage. Whenever leverage changes, margin also changes with the same phase.
Margin requirements can also be affected by equity, economic news, weekends and holidays, daily breaks and company financial announcements
Trading Tools
Since exness is a market-leading and customer-oriented broker, we can enjoy all the trading tools mentioned below to trade with the broker.
- Analytical Tools
- Traderโs Calculator
- Economic Calendar
- Currency Converter
- Tick History
- VPS Hosting
- Trading Central WebTV
How to open an Exness account?
We would like to assure you that creating a trading account under Exness is so simple and there are no hard and fast rules attached. The creation of a new account is just a matter of around 3 minutes.
So without further talk, let’s learn quickly how to open an account with Exness Group.
- Visit www.Exness.com and click on Open account
- Now that youโre redirected to the Registration page, fill up the gaps asking – country/region of residence, your email address and lastly choose a strong password
- You can generate a strong password using 8 to 15 characters, use both uppercase and lowercase letters, use a combination of numbers and English letters and lastly donโt use special characters like ยฉยฅโฌาพยฃ etc
- Next, click on the box asking the confirmation of not being a US resident
- Click on continue and save the password
- Now you are asked to choose either demo or real account
- Now you have access to use both demo (Practice purpose) and real accounts
Finally, congratulations as you have created your exness account including your very own personal area. Now you can click on the notification for any update to your account.
Indeed, you can monitor your account conditions by opening the personal area at any time and anywhere.
How to trade with Exness?
Exness has the simplest functionalities to trade quickly. The gateway towards trading crawls only a few steps. Here are the steps-
- Visit Exnessโs official website, Exness.com and open an account submitting all the required information.
- After that, log in to your account and over there a personal area is created for you.
- Now to trade, you need to verify your email, personal details and location proof.
- So without further delay, verify your email through the verification code sent to your given email address. Later, fill up the personal details information and to prove your identity you can submit any of the documents among a passport, NID card or driving license. After the verification is done, a green tick will appear near the identity verification button.
- Now your account is fully ready to trade immediately.
Make a deposit to your account and then select a terminal from the several terminals available on the server.
- Later, add a trading instrument, calculate the margin, check the market hour and execute the trade.
- Once the trade is finished, close the trade and withdraw the money.
Fees- Exness has a slogan- โFocus on trading, not on payingโ. We paid a sincere observation on Exness payment systems and account functions. In fact, our analysis depicts that Exness has flexible and comparatively lower fees.
The most relaxing thing is, Exness pays the third-party transaction fees on the behalf of its clients.
It wonโt be wise if we condemn every trader to have an equal level of knowledge and expertise in trading. Keeping this in mind for a different levels of traders, Exness has multiple trading accounts type.
So now itโs your turn to opt for the account type, which will maximize your success and will lower the risk of high costing. Exness believes in swap-free trading and for this reason, the broker has erased swap fees on most of the trading instruments. There is no swap charge on indices, gold, cryptocurrency, and the majors.
Exness Deposits and withdrawals
Considering clients’ flexibility and area-based payment options, Exness has all the local and international banking facilities.
So a trader can use all the popular payment systems, including e-wallets and crypto wallets. Using any convenient method, traders can deposit and withdraw money in their local currency.
All the deposit and withdrawal methods have some specific rules. Letโs have a clear idea about the methods
Bitcoin
Deposit- Bitcoin minimum deposit amount is $10, and this is done within 72 hours.
WithdrawalโMinimum withdrawal limit is $10, and the speed is up to 72 hours.
Bank Card
All the bank cards have a minimum deposit limit of $10 and the speed is instant.
Whereas the withdrawal limit is tiny and it is $3. The withdrawal request is executed in under 72 hours.
WebMoney
Deposit minimum limit: null
Speed- null
The withdrawal minimum amount is $1 and the withdrawal process is done instantly
Perfect Money
Deposit (min amount, speed) = $50, Instant
Withdrawal (min amount, speed) = $2, Instant
Tether ( USDT ERC20)
In terms of Tether, the minimum deposit amount is $10 with up to 72 hours of speed.
To withdraw money, you just need to have $100 in your account. The withdrawal request is supposed to be completed within 72 hours.
Skrill
Deposit (Minimum amount, speed) = $10, Instant
Withdrawal (Minimum amount, speed) = $10, Instant
Neteller
Deposit (min amount, speed) = $10, Instant
Withdrawal (min amount, speed) = $4, Instant
FasaPay
Deposit (Minimum amount, speed) = $15, Instant
Withdrawal (Minimum amount, speed) = $2, Instant
Exness Trading platforms
With Exness, traders have a couple of platform choices. Most of the platforms have easy-to-use interfaces and one-way
So if you are a desktop/laptop user, these platforms are built targeting demands.
- MetaTrader 4 (Linux, Windows, Mac)
- MetaTrader 5 (Linux, Windows, Mac)
- Multi-terminals (only Windows)
- WebTerminal
- Exness Terminal (MT5 accounts only.
If youโre comfortable in mobile trading, then Exness offers-
- MT4 mobile app for both android and ios.
- MT5 mobile app for both android and ios.
- Exness inbuilt Trader app.
solution functionalities.
Based on the desktop/laptop and mobile users, the broker has arranged specific and concentrated platforms.
Unique features
- Most sustainable and reliable pricing
- Trading across multiple markets
- High speedy execution
- Instant withdrawals 24/7
- Free VPS hosting
- Comprehensive price history of all the instruments
- Account types suit different trading strategies
- Standard accounts (standard and standard cent) suit todayโs new generation traders. These accounts are enriched with up-to-date features and obviously, thereโs no commission fee
- Professional accounts (Raw Spread, Zero and pro) are specially dedicated to the very professional and experienced traders, market scalpers and also traders
- High trade volume
- Transparent broker
Customer support
Exness has always been a helpful and responsible broker in the trading industry. We have noticed that the live chat supports 20 global languages so that traders can take information from the customer support accurately in their mother tongue.
Exness is concerned with making its clients feel like partners. To have a reliable and trustworthy concept of Exness, a trader can follow the broker on all the social media platforms. The broker has its verified Facebook page, Twitter id, Instagram account, linkedin profile and YouTube channel.
Partnership program
Exness offers to generate a passive income while doing nothing. We know you are thinking itโs a stupid idea.
Indeed, the idea of making passive money is not always true. But Exness has gladly opened the partnership program for any of us.
Under this partnership program, we can generate a stable yet satisfying income. To get started with this program, all you need to doโis visit www.exness.com and click on the โsettings iconโ. Then click โmoreโ and select the partnership program.
Under the partnership program, you will get all the details and functionalities related to the partnership process. You can make clear any of your doubts or choirs related to how the partnership program works and what you need to do to generate a handsome income.
Now register as an introducing broker with an email address, password, and your country of residence. Accept the condition of not being a US resident and thus create the account successfully.
After that Exness system will generate a unique affiliate link for you.
The Partnership program works like a chain to generate money through it. Here it follows-
- Spread the affiliate/partnership link– if you are a celebrity or social media influencer then you will get many advantages in promoting the link. To spread the link among mass people, you can publish and introduce the link using all the social media like- Facebook, Twitter, LinkedIn, telegram channel, YouTube channel, personal blog, website, Instagram and follows. Or you can use your own marketing technique to introduce the market-leading broker, Exness.
- More registration, more income- when you publish and do the successful marking of your affiliate link, people keep visiting the brokerโs site by clicking on your link. And the amount of income depends on how many traders open accounts and trade with the broker using your affiliate link.
- Clients trade and you generate passive money. Now that traders have made a trading account using your affiliate link whenever they withdraw any amount, the system will automatically send you the reward. Sometimes the commission can be 40% of the total profit generated through the clients you brought to the brokerโs site.
Why you should become an Introducing Broker?
Our expert advisors support the idea of being an introducing broker, and the reason behind this is satisfying. So what are you getting as an introducing broker?
- Instant withdrawal of any amount at any time
- All the marketing tools & materials like banners and advertising landing pages are provided by Exness
- Real-time statistics to keep phase on your client’s income. Exness provides the personal area and shows full details of your clientโs transactions
- Almost all the payout options are open and supported in 150+ countries along with competitive conditions
- The chance of winning exclusive and amazing prizes like a supercar, luxury sports car, luxury watch, iMAC, cash prizes, iPhone and many more
- Live chat facilities and support of the broker
Exness Social Trading
If you want to trade in a tested strategy applied by expert traders, then social trading will be a fantastic choice for you.
We know, that many of us are so engaged in our daily job and other liabilities. And thereโs no need to explain that successful trade is a result of sincere attention, perfect strategy and a balance of emotional control.
If you are in shortage of time or having lack of confidence then you can take the advantage of social trading and generate profit automatically.
To make your trading journey more handy exnessย has landed dedicated social trading apps. The Exness social trading app is available in both the Google play store and AppStore.
How to Start Social trading?
To start with social trading you need to go through some easy steps.
- Choose a strategy- On exness app you will get many strategist and you need to choose any of them. To assure your money safety, Exness always suggests the verified and successful strategist.
- Invest your money- Now you can invest your money to follow the strategist. Here, no need to worry about the security of your fund since exness takes the liability of your account security.
- Relax and Earn- once you have followed and invested money, your trade will automatically follow the trading strategist trade. And we can expect that the strategy will end up rewarding you a satisfactory profit.
Bottom line.
If we take a report concerning which brokers are the market leaders in trading industry , we will gain enough knowledge on this term.
And to our goodness, Exness broker is one of the top market leading brokers. Over the years, Exness has received most positive reviews from itโs clients and market experts.
Are thinking, is Exness worth trading or not? No issues, we are giving you some quick highlighting points. These factors are the facilities at a glass in order to trading with Exness.
- Better than market trading conditions
- Stable and reliable pricing
- Easy to open account
- Instant withdrawals within 72 hours , 24/7
- Fast and reliable execution with no requotes
- Tick level data on all instruments to check price history
- Accounts suits trading strategy for different level traders
- Trading volume is higher than other brokers
- Advanced trading tools
- Free vps
- Fully registered and licensed
- Active live chat and social media handles
Exness FAQ
- What is the key difference between Exness real and demo account?
The key difference between the real and demo accounts of Exness isโa demo account doesnโt cost any real money, rather $10,000 virtual money is provided to practice the trading strategy. Whereas authentic accounts are subjected to profit or loss of your deposited money.
- How to stay away from fraudulent activities in the name of exness broker?
To keep your money safe from the fraudulent activities or scammers, do no financial dealing outside of the official website of Exness.
- Is there any regional restriction in the Exness broker?
Exness Group is not providing its brokerage services to some regions. In fact, USA resident may not open accounts under Exness Group.
- How much money do I need to open an Exness professional account?
To open a professional account, a trader must need to deposit $200 in his trading account.
- Can I have multiple accounts open at the same time with Exness broker?
Yes, definitely. Any trader may open several account types from any of the account types of the Exness group. To clarify any doubt, the Exness broker has no limitation to choose various account types at the same time as a particular trader. Actually, with the same server, a trader can take the advantage of opening various accounts.
- Whatโs the process of changing my current server?
We are extremely sorry to let you know, thereโs no way of changing the current server from the same account. But if you genuinely want to change the server, then the easiest way to do so is- open a new account and afterwards, you can switch to a new server. Here, point to be noticed that changing a server doesnโt make any difference in your trading condition for a particular account type.
- Which account type is the best suit for me?
Exness knows every trader has unique choices and different trading strategy. Thatโs why to fit in any traderโs opting, the broker has two major account categories- standard and professional.
Specially, the standard account types are handy for any level of traders. Here, you will get standard and standard cent account to choose from. And with MT4 terminal, you are facilitated to open both pending and market orders concurrently.
- What is the least withdrawal limit?
Exness has kept the withdrawal condition simple and highly convenient. The least withdrawal amount using web and mobile Pas is only $3 and for social trading only $6.
- What is the highest withdrawal limit?
Per transaction, you may withdraw the highest $10,000
- Where is Exness located?
The Exness broker is located in Limassol, Cyprus.
- Does Exness charge any inactivity fee?
No, the broker doesnโt charge for any inactive account.
- Is there any margin call included on the Exness trading account?
Margin call is important to protect your account from being null. If your equity goes down the minimum margin requirement (standard account 60%, professional account 30%), that time the system will notify you through margin call via email, text or calls.
I Use Exness Past 3 Years. One Of The Best Broker In India
It says not available to us citizens as soon as you go onto their site soo forexing.com is obviously not place to find valid information?
Hello from Happykiddi.