I started using Exness over 3 years ago and I am about to share my honest opinion in this Exness review
You must understand that your choice of forex broker can determine your profitability.
In this Exness review, I will show you the important stuff and my findings of the Exness forex broker.
First, take a glance through the table below which summarises my Exness review.
Year Founded | 2008 |
Minimum Deposit | $10 |
Free Bonus | Yes |
Cent Account | Yes |
Exness Leverage | 1:unlimited |
Exness Spread | Depends on the account type |
ECN | Yes |
Deposit Methods | E-wallets, BTC, Bank, Card and more |
Withdrawal Methods | E-wallets, BTC, Bank, Card and more |
MT4 | Yes |
MT5 | Yes |
Mobile App | Yes |
Copy Trade | Yes |
Trust Score | 80% |
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Exness Broker
Is Exness Regulated and Safe?
Yes, Exness is regulated by four reputable organizations thus making it a safe forex broker to use. below is a list of all the organizations that regulate this broker and makes it a safe one for traders.
- Exness is regulated by Seychelles Financial Services Authority (FSA) and this organization regulates exness services to countries outside Europe. See license here
- The Exness broker is authorised and regulated by the Central Bank of Curaçao and Sint Maarte. See Exness license of operation here
- Regulated by FSC, Financial Service Commissio as Venico capital limited with investment business licence number SIBA/L/20/1133.
- Also by financial sector conduct (FSCA)
- Meanwhile its regulated in Cyprus by Cyprus Securities and Exchange Commissions (Cysec). CySEC is the independent public supervisory authority responsible for the supervision of, inter alia, the investment services in Cyprus.
- Exness is regulated in the UK by the Financial Coduct authority FCA, an organization responsible for regulated financial services firms and financial markets in the UK.
With over 6 regulatory bodies regulating the Exness broker, this shows that your money is safe with Exness broker. It’s a legit broker with over 13 years of experience.
Exness Review – Frequently Askes Questions
For sure, Exness is a good broker, highly regulated, and with over 13 years of experience. Exness has account types for each kind of trader; from beginner to advanced. Also, Investors can use their copy trading platform. I have been using Exness for over 3 years now.
Just like countries like the USA, Canada, and New Zealand to mention a few, Exness does not accept traders in Malaysia. This is the current situation in 2021. This could be due to regulatory restrictions in the country.
Yes, Exness is regulated by at least 6 regulatory bodies which include, Cysec, FCA, FSA, FSCA, FSC, and also Central Bank of Curaçao and Sint Maarten.
Yes, Exness offers a standard + 10% bonus, which means you get 10% of your net deposit
Exness offices are located in Cyprus, Seychelles, and UK
David Morris is the CEO of Exness
Yes, Exness accepts skrill for deposits and withdrawals.
Yes, Exness has a cent account provided in their standard cent account type.
Exness Spread depends on the account type, the lowest you could get is zero spread.
The other accounts have spreads starting from 0.3 pip.
Yes, Exness offers NASDAQ as Nasdaq-100 Index (USTEC). Having the MT4 and MT5 trading platform
The commission on the Exness professional account is $3.5 commission per lot side. It’s important to note their standard accounts do not charge commissions.
EXness Review – Spread and Account Types
Exness has 5 different account types that you can pick from. These accounts vary in terms of spread, commission, and leverages.
- Standard account
- Standard cent account
- Raw Spread account
- Zero Spread Account
- Pro Account
Below is a list of all Exness Account Type
1. Exness Normal Standard Account Type and Spread
This is the most popular account on Exness. the trading instruments you get here are Forex currency pairs, metals, cryptoсurrencies, energies, indices. This account comes with;
- Spread: From 0.3 Pip
- Levereage: 1:Unlimited
- Commission: Exness do not charge commision on this account.
2. Exness Standard Cent Account Type and Spread
This is a cent account and it’s preferable for beginners. Also, it’s popular among advanced traders who want to test out strategies and robots. I normally use cent accounts like this for testing out strategies as well.
The instruments that you can trade on this account are Forex currency pairs and metals alone. Here’s a summary of the Exness cent account spread, leverage, and commission.
- Spread: from 0.3 Pip
- Leverage: 1:Unlimited
- Commission: Zero Commissions
3. Exness Raw Spread Account and Spread
Comes with the lowest spread and a fixed commission. Instruments that you can trade with this account are Forex currency pairs, metals, cryptocurrencies, energies, indices, stocks.
Below is s a summary;
- Spread: From 0
- Leverage: 1:Unlimited
- Commission: $3.5/Lot
4. Exness Zero Spread Account Type and Spread
As the name suggests, you get a zero spread. Trading instruments are the same as with the raw spread account.
Here’s a summary;
- Spread: Zero Spread
- Leverage: 1:unlimited
- Commission: $3.5/lot
5. Exness Pro Account Type and Spread
Instant execution account. This operates more like an ECN. Excellent fill with no trading commission.
Here is a summary;
- Spread: From 0.1
- Leverage: 1:unlimited
- Commission: $3.5/lot
Exness Review – Trading Platforms
As with most brokers, Exness provides 4 trading platforms for traders to pick from; below is a list of each trading platform
- MT4 Trading Platform
- MT5 Trading Platform
- Web terminal and
- A Mobile app
A quick note about Exness web terminal trading platform: You can use this to trade if you do not want to download the Mt4 and Mt5 trading platforms. This is a web application and it’s getting popular among traders.
Trading Instruments Offered by Exness
Exness offers over 4 different categories of instruments that can be traded on their platform;
- Over 107 currency pairs
- 81 Stock Indices
- 13 Cryptocurrencies
- 12 Metals and energies
Exness Trader’s Education
A Downside of the Exness broker is that it doesn’t do much in terms of traders’ education.
While other brokers provide some form of education through seminars and videos, it’s baffling that Exness is not doing anything to help beginners.
Summary Exness Review
There is no doubt that Exness is a good and reputable broker with solutions for every kind of broker.
Also, your money is safe with Exness as it’s a highly regulated broker.
One downside is that Exness is not very beginner as friendly as evident in their lack of training materials for traders.
Have you used Exness broker in the past or you are still using Exness broker? kindly share your experience in the comment section below.
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