This post is also available in: deDeutsch

In this EXNESS Review we want to find out if Exness is a Forex Broker worth investing with. We conducted an in-depth review in October 2019 to find out the answer and bring it to you!



Exness Review 2019 logo from Engine Forex The Exness Group was founded in the year 2008 and has since rapidly grown to a solid force within the online broker community.

Exness started their operations from St. Petersburg, Russia, but the Exness (Cy) Ltd head office has since moved to Limassol, Cyprus and Exness Limited is registered at Kingstown, Saint Vincent and the Grenadines.

Today, a large amount of traders have chosen Exness as their trusted broker, with their professional trading environment and support service. The company is also proud sponsor of the football team Real Madrid and their star player Cristiano Ronaldo.

 

OUR RATING: 8
The overall raiting is based on review by our experts
👌 Reliability: 8 / 10 📈 Spread: 9 / 10
🞧 Offers: 7 / 10🚅 Speed of Execution: 9 / 10
📧 Customer Service: 7 / 10👍 Uptime: 8 / 10
Trading Conditions
Max Leverage:UNLIMITED:1
Platform:
Min Deposit:$1
Spread:From 0.0 Pips
Cuts out Dealing Desk:Yes
Methods of deposit and offers
Deposit / Withdraw:
Welcome offer:n/a
Rebates Engine Forex:Coming soon!

SECURITY, MARGINS AND TECHNOLOGY

SECURITY

In Summary


  • CySEC & FCA regulated
  • Segregates client funds
  • No dealing-desk intervention

Exness (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) and is further permitted to provide financial products or services, within its permitted activity, in any other country in the European Economic Area (EEA).

Exness (Cy) Ltd is authorized and regulated by the CySEC. The CySEC is the supervisory and regulatory authority for investment services firms in Cyprus. CySEC is a member of the European Securities and Markets Authority (ESMA).

All clients’ funds are kept separate from the company’s and are securely stored in segregated trust accounts. The company guarantees that client funds are never used for operational or investment purposes.

 

Transparency, reliability and third-party verification are only a few of Exness’ attributes which makes them an ideal partner for any kind of brokerage relationship.

Spreads Comparison

EXNESS
90
PEPPERSTONE
100
THINK MARKETS
80
OANDA
60
IC MARKETS
100
PLUS 500
30

CHARGES AND MARGINS

In Summary

  • Spreads from 0.0 pips
  • Up to UNLIMITED:1 leverage

Exness offers the choice between three unique trading account types that offer different advantages and features. Clients can further select between MT4 and MT5 as their trading platform of choice.

Minimum deposits range from $1 – 2,000 and customers can choose from a massive amount of more than 80 account currency options. However, only currencies, gold and silver can be traded on the Exness platform. The broker does currently not offer shares trading or CFDs on commodities, stock market indices, digital assets, ETFs, options, futures, etc. Investors looking for other trading opportunities than just foreign exchange trading (plus gold and silver against the US dollar) will have to use another provider.

On all of the Exness account options over 120 currency pairs can be traded with maximum leverage settings of 1:2 and up to 1:Unlimited!

MT4 account options:

MT5 account options:

As you can see above, Exness doesn’t charge commissions on their Mini and Classic account options and only $25 per $1 million traded on their ECN account.

Spreads start from 0.0 pips on their true ECN account, from 0.1 pips on the Classic account and 0.3 pips on the Mini account option.

Naturally, margin requirements increase when the funds available in a client's account increase. This is due to the increasing costs of hedging open orders. As a result, the relevant leverage setting is changing as well as can be seen in the below table.

More information on the full margin, leverage and hedging rules can be found on Exness’ transparent website.

TECHNOLOGY

In Summary

  • Reliable trade execution
  • MetaTrader 4 (MT4)
  • Trading Central
  • MetaTrader 5 (MT5)

The popular MT4 trading platform and its younger brother MT5 are both available for Exness clients and all the available account types.

The trading platforms can both be used on desktop for Windows and Mac computers, as well as a browser-based web-application (Webtrader).

Mobile trading is further available for all common Android and iOS devices (iPhone and iPad). Most important features can be accessed with the mobile apps which enables every trader to follow the markets on the go.

Technical analysis tools such as forecasts from Trading Central or trading signals from Autochartist can be implemented and used in one’s daily trading routine.

Trading Central doesn't give trading signals per se, but rather predicts the likely direction of the market based on the current conditions.

The popular Autochartist web application on the other hand analyzes charts and patterns to help predicting trends and outcomes of events in the market.

For those that take their trading activities serious and that want to ensure 24/7 connectivity Exness offers free VPS hosting service. Any client that deposits at least USD 500 (or equivalent) can request a free, stable and secure VPS. A VPS is generally intended to ensure stable, high-quality technical conditions for Forex trading using autonomous modules (Expert Advisors). Slippages are then reduced to a minimum and overall trading conditions improved.

The online broker provides very solid trading conditions with focus on foreign exchange trading. Advanced technical analysis with trading indicators from trading Central are available.

Execution of Speed Comparison

EXNESS
90
PEPPERSTONE
100
THINK MARKETS
90
OANDA
80
IC MARKETS
100
PLUS 500
70

CUSTOMER SERVICE, TRADING OPTIONS AND SPECIAL FEATURES

CUSTOMER SERVICE AND CLIENTS SUPPORT

In Summary

  • 24/7 customer support
  • Three Exness account types
  • Selection of more than 120 Forex pairs

One of the greatest things about Exness is their commitment to being fully transparent but also that clients can contact the support team 24/7 - at least in English and Chinese. Direct language support in other languages is available 24/5 during local business hours. Further, online live chat and email support is being offered.

The homepage exness.com has been translated into 18 languages including English, Chinese, Arabic, German, Italian, French, Russian, Thai, Vietnamese, Indonesian, Farsi and Hindi.

All customers can choose between three distinctly different account options with minimum deposit amounts, starting spread levels and other features. There is no maximum leverage limit on both the Mini and Classic account and a 1:200 maximum leverage on the ECN account option.

Exness focuses heavily on Forex trading by offering over 120 currency pairs – from majors over minors and exotics. The only other financial instruments available for trading are CFDs on gold (XAUUSD) and silver (XAGUSD). Depending on your trading needs, this can be very beneficial or a limitation if you were looking to also trade CFDs on other metals, commodities, indices, cryptocurrencies (Such as Bitcoin, Ethereum, XRP, Litecoin, etc.), stocks, etc. for example.

Payment methods available to customer include:

  • Credit cards and debit cards (Visa and Mastercard)
  • Neteller
  • Skrill
  • Webmoney (depending on location)
  • Bank Wire transfers

The same payment systems are available as withdrawal methods.

A demo account can be created to test all available platforms and trading instruments.

When it comes to education, updates, news and resources Exness disappoints. On their homepage www.exness.com there is hardly any material that can benefit novice or experienced traders. Educational material about Forex and the markets in general is missing as well as tutorials or eBooks on trading platforms or trading tools for example. Seminars or webinars are also not available.

The news section is only dedicated to updates and information about the online broker itself, market hours and changes to schedules. Market news are only provided via the integrated Trading Central Web TV and a very basic economic calendar. 

FOREX AND OTHER TRADING OPTIONS

In Summary

  • More than 120 currency pairs
  • STP / NDD
  • 3 account options
  • Minimum deposit requirement from $1

As previously highlighted in our detailed review, Exness is a Forex trading only broker, offering more than 120 currency pairs as well as gold and silver against the US dollar.

No other financial products are available for trading at this point of time, but the large selection of currency pairs is a great plus. Any trader being interested in trading the Forex market exclusively should give Exness a go. Their trading environment, transaction speeds and overall offering is one of the best on the market.

Maximum leverage on Exness’ ECN account is 1:200 and commissions of $25 per $1 million traded are charged. ECN accounts need to be funded with a minimum deposit of $300 and as a true ECN type account, spreads can start from 0.0 pips!

This ECN account is, in our opinion, the best option and must-have for all but especially professional traders that demand and require not only a stable and fast trading environment but also institutional grade spreads and execution.

The Exness Classic account has no maximum leverage limitation, runs commission free and starting spreads from 0.1 Pips can be accesses at liquid times. The minimum deposit requirement for this account option $2,000.

Lastly, the Exness Mini account has, similar to the Classic account version, no limitation on a maximum leverage level and runs free of commissions with starting spreads from 0.3 Pips. This account option is ideal for traders that want to get started with a low initial deposit as the minimum deposit requirement is just $1!

 

 

SPECIAL FEATURES

In Summary

  • NDD
  • MT4 & 5
  • Tight spreads
  • Selection of over 120 FX pairs

Exness offers ultra-low spreads from 0.0 pips and unlimited leverage on most of their account options.

Order execution from 0.01 seconds.

More than 120 currency pairs – from Majors to Exotics – can be accessed with any account type.

Most trading types, such as Expert Advisors (EAs), scalping and hedging are allowed.

Metatrader 4 and 5 s are available as trading platforms on almost any device and all major operating systems.

Clients can choose to set their account in almost any currency (over 80 account currency options).

High transparency standards and excellent customer support.

All traders have access to tools like Trading Central or AutoChartist which is one of the best chart pattern recognition plugins on MetaTrader 4 and can be applied directly to the traders’ charts.

Max Leverage Comparison

EXNESS
Unlimited:1
PEPPERSTONE
500:1
THINK MARKETS
400:1
OANDA
100:1
IC MARKETS
500:1
PLUS 500
300:1

IN CONCLUSION

Exness is almost exclusively focusing on the Forex trading market. Over 120 currencies as well as gold and silver can be traded as CFDs. No other financial instruments are being offered. Therefore, Exness is not suitable for clients interested in CFD tradig in stocks, commodities, cryptocurrencies, etc. One additional disadvantage is that Exness does not provide many resources concerning education, news or in-house research. This further highlights that only traders with access to alternative resources will benefit from the broker's prodcut portfolio and offering. 

Australian customers are currently unable to join Exness due to regulatory limitations. Customers from most other regions are accepted and can participate with a very solid broker that provides a very decent trading environment, superior spreads and a large selection of Forex pairs.

Forex traders of all levels will find suitable account options with the option to apply all common trading strategies and styles such as hedging, scalping or Expert Advsiors. 

F.A.Q.


where is Exness located?

The company started their operations from St. Petersburg, Russia, but the Exness (Cy) Ltd head office has since moved to Limassol, Cyprus and Exness Limited is registered at Kingstown, Saint Vincent and the Grenadines.

who owns Exness?

The Exness Group is a private company which owns the various entities registered in different jurisdictions. The current CEO and co-founder is Petr Valov.

how to fund a trading account?

Exness clients have the following funding options available:

  • Credit cards and debit cards (Visa and Mastercard)
  • Neteller
  • Skrill
  • Webmoney (depending on location)
  • Bank Wire transfers

is Exness regulated?

Yes, Exness (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA). Exness (Cy) Ltd is authorized and regulated by the CySEC.

what timezone do they operate in?

Offices around the globe guarantee 24/7 support.

Exness withdrawal methods?

Withdrawal options include:

  • Credit cards and debit cards (Visa and Mastercard)
  • Neteller
  • Skrill
  • Webmoney (depending on location)
  • Bank Wire transfers

is there a withdrawal limit?

There are no minimum or maximum withdrawal limits.

does Exness accept clients from Canada?

No, they do not accept applications from residents of Canada.

do they offer a Forex VPS service?

Yes, a free VPS service is available to clients that have deposited at least $500 and that reach a certain trading volume per month.

is Exness a True ECN broker?

Yes, an ECN account option is being offered.

is Exness FCA regulated?

Yes, they are.

is Exness affected by ESMA regulation?

Depending on your location, ESMA regulation may be applicable.

brokers like Exness?

Pepperstone is a regulated ECN-type Forex broker with high maximum leverage, a very decent product portfolio and excellent trading conditions. Read our review here.