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Exness Broker Review

iconiconiconiconicon 5.0

1:2000

1$

0.3

Limassol, Cyprus

2008

exness.link

1:2000

1$

2008

0.3

Limassol, Cyprus

exness.link

Overall

Regulation: As Exness is operated by different companies and has a variety of international locations, it has several regulations such as FCA CySEC FSCA FSC CBCS FSA SDL
Type of broker: It is a Russian ECN Broker where it offers access to the interbank market to its clients and of course, it is specialized in forex. It has more than a hundred currency pairs and 80 types of currencies.
U.S. Clients Allowed:
Min. deposit: 1$
Max. leverage: 1:2000
Demo Account:
Islamic Account:
Segregated Account:
Institutional Accounts:
Website Languages: English, Spanish, Arabic, Indonesian, Portuguese, French
Support Hours: 24/5
E-mail Support:
Live Chat:
Established: 2008
Forex Trading:
CFD Trading:
Payment options: Visa/Mastercard,E-wallet,Crypto,Bank wire
Average spread: 0.3

Review

Exness

Exness was founded in 2008. Since then, the broker has about 60,000 active clients around the world. The broker has certain licenses (from the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC)), which is why most traders are attracted to this broker. In addition, Exness has several types of fast accounts and financial instruments based on different strategies.

Exness has certain sponsors (Real Madrid FC and WWF with effective sponsorship with Russia), thanks to which the best broker compared to others is able to gain market share and move to new heights.

You may ask if “ is Exness a good and trusted broker?”, so here mention Exness´s regulation.

Exness currently has two major regulations, firstly in Seychelles under the strict regime of the FSA and secondly in South Africa under the FSCA.

These two regulations allow it to offer its trading services in most of the countries of the world, however, as of today, it does not accept clients from the United States, European Union and other jurisdictions. In this case, Latin America is mostly covered.

Exness is a broker that offers security, since the isso 90.01 2.2008 certification, endorses the quality management system of Exness at an international level, as well as its long history of the market behind it, makes this broker has the confidence it deserves

➡️ Read Exness Broker 2022 key features


Comissions and Fees

Fees may vary depending on the type of trade, the type of financial asset, and the level of your trading account.

The broker requires a certain commission for CFD instruments. Exness may require a commission from you in special cases. For example, a service fee to facilitate the purchase and sale of your financial assets through your trading account. It can be said that brokers receive a large part of their income from the commission charged for the customer transactions of registered users. If the order is canceled or any changes are made after the broker fulfills the order, this commission is charged. If the market order is not executed by the broker, then no commission is required.

Account typesCommission
Standard accountNo commissions
Raw propagationUp to 3.5$ for a commercial lot
ZeroUp to 3.5$ for a commercial lot
ProNo commissions

Depositing

The minimum deposit is defined as the minimum amount of money required to open a new online brokerage account. There are also brokers that do not require a minimum deposit. They use it to attract more new users. Instead, they add this fee to other commissions.

In addition, there are brokers that require higher deposits. They also offer different nuances, such as technical analysis, research tools, and better risk management. 

The Exness platform requires a minimum deposit of 1 GBP/USD/EUR when opening an account.

Account typesMinimium deposit amount
Standard account$1
Raw propagation$200
Zero$200
Pro$200

Withdrawal

Each broker has special rules for withdrawing money. There are various reasons for this. Each broker has different withdrawal methods, each provider has different transfer processing fees, processing time, potential currency conversion fee. Withdrawals on the Exness platform are determined according to the method of payment. The conversion fee depends on the payment provider, the base currency and the receiving currency.

As an example, Exness offers you a number of options for withdrawing funds: Credit cards, Payoneer, PerfectMoney, Bank Transfer, WebMoney, Neteller, CashU


Customer Support

The Exness platform has a dedicated section for customer service. Here users can find answers to their questions about options. The platform has about 15 languages, including English, Russian, Malay, Indonesian, Tamil, Hindi, Persian, Arabic, Bengali, Vietnamese, Thai, Chinese, Urdu, Korean and Spanish. Exness has received a double AA support rating for offering live chat and email support in many languages.

It has a service that is available 24 hours a day, every day of the week.

They can be contacted by email at support@exness.com or by telephone at +35725030959.


Education and Research

Exness leads the Exness Academy, which aims to support and train traders from all over the world. This academy is designed for both beginners and experienced traders. The materials here are based on the level of experience. Traders can also use it to manage risks more logically. 

The Exness platform offers a free Demo account and the most up-to-date news from Dow Jones, important proper educational materials, and the latest updates on Web TV. Exness invests in building a knowledge base and improving traders. From this it can be concluded that Exness and its professional team provide traders with powerful tools, making important information and updates easy and accessible for active traders. By accessing the platform, you can also find weekly trading ideas, research tools, technical research and fundamental analysis.

 


Additional information

Exness has an Islamic account for its traders of the Muslim faith. They have fixed fees and the laws they follow are Shariah.

CFD Trading

CFDs are available, but you should know that due to leverage they ate risky instruments that should be handled with care as no one will be responsible for your losses.


Reliability

As Exness is operated by different companies and has a variety of international locations, it has several regulations such as FCA CySEC FSCA FSC CBCS FSA SDL.


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