exness logo 5 / 5.0 Standard +10% Bonus Program REGISTER

Exness Review for 2021 | Read This Review Before You Sign Up.

Review

  • Instant withdrawal of funds.
  • It provides 24/7 technical support in 13 languages
  • Instant and market execution
  • Leverage up to 1: unlimited
  • Permits all trading strategies.
* CFDs are leveraged products. Trading in CFDs carries a high level of risk thus may not be appropriate for all investors.
Visit Website.
New to Olymp Trade?
Important!
Review
REGISTER
1 Best Brokers in 2019
  • Register on the platform
  • Complete the interactive tutorial
  • Choose one of the strategies
  • Practice using a demo account
  • Make a deposit and become an expert
Earn real money with your phone.

Exness is a broker which was founded in 2008. The broker is operated by Exness Group and has grown to offer over 120 financial instruments to traders for more than 10 years now.

Exness has its Headquarters located at Siafi Street, PORTO BELLO, Office 401, 3042, Limassol, in Cyprus.

Trading platforms supported by Exness include MetaTrader 4, MetaTrader 5, MT4 Web terminal, and mobile trading platforms.

Exness is no common broker as it offers specific features most brokers don’t.

These are features such as free VPS hosting, timely financial news concerning major events, a trader’s calculator, and a currency converter.

Visit Website.
New to Olymp Trade?
Important!
Review
REGISTER
1 Best Brokers in 2019
  • Register on the platform
  • Complete the interactive tutorial
  • Choose one of the strategies
  • Practice using a demo account
  • Make a deposit and become an expert
Earn real money with your phone.

That is not all to know about Exness.

The broker’s website has been localized into 18 languages, with 24/5 client support which is available in 13 different languages.

Exness also offers leverage, which can significantly lower margin requirements, allowing trading with low capital.

Traders have full control of their funds because Exness offers them instant withdrawal of funds using a number of electronic and other payment methods.

A quick preview that was. More details will follow in the real review below. If you are looking for a broker which will perfectly fit the jigsaw of the standards and requirements you have set, whether a newbie or an experienced trader, this is your post. Pay attention to see if Exness sounds like a broker you would want to invest in the asset market with.

Visit Website.
New to Olymp Trade?
Important!
Review
REGISTER
1 Best Brokers in 2019
  • Register on the platform
  • Complete the interactive tutorial
  • Choose one of the strategies
  • Practice using a demo account
  • Make a deposit and become an expert
Earn real money with your phone.

This is indeed the 2021 review for Exness broker. We shall look at Exness through the lens of the following pillars of brokerage:

  • Account Types.
  • Minimum Deposit.
  • Deposits and Withdrawals.
  • Trading Cost.
  • Client Support.
  • Broker Regulation.
  • Trading Platforms.
  • Markets Offered.
  • Risk Management.
  • Trader Education.
  1. Account Types.

Exness offers a variety of account types. The wide range exists to suit a diverse range of trading styles by different traders. The accounts are divided into two main types:

  • Standard Accounts.
  • Professional Accounts.

Each account type offers its own set of conditions for commission, leverage, spreads, and margin call among many other features.

Each of the two main account types also has subsets of account types attached to it as follows.

Standard Accounts:

  • Standard Account.
  • Cent Standard Account.

Professional Accounts:

  • Pro Professional Account.
  • Zero Professional Account.
  • Raw Spread Professional Account.

That leaves us with 5 account types which Exness offers. We shall proceed to discuss each account type below.

Visit Website.
New to Olymp Trade?
Important!
Review
REGISTER
1 Best Brokers in 2019
  • Register on the platform
  • Complete the interactive tutorial
  • Choose one of the strategies
  • Practice using a demo account
  • Make a deposit and become an expert
Earn real money with your phone.

Standard Account.

This account type is recommended for all traders because it is the simplest account type.

The minimum deposit amount into this account is $1 and MT4 leverage is unlimited while MT5 leverage is up to 1:2000.

There are no commissions charged by Exness on this account type, but only low spreads beginning from 0.3 pips.

The minimum volume you can trade with the standard account is 0.01 lots while the maximum volume stands at 200 lots.

Note that how much volume you can trade also depends on the instrument in question.

So how many positions can run simultaneously on this account type?

You can have up to 100 running positions.

What is more, you can get up to 100 standard real account types and up to another 100 standard demo accounts with Exness.

The margin call for the standard account is at 60% while the stop-out level at 0%. Lastly, orders can be placed via market execution with this account type.

Cent Standard Account.

This account type is similar to the Standard account. It is also recommended for all traders because it is a simple account type.

The minimum deposit amount into the standard cent account is $1 and MT4 leverage is unlimited.

There are no commissions charged by Exness on this account type, but only low spreads beginning from 0.3 pips.

The minimum volume you can trade with the standard account is 0.01 lots while the maximum volume stands at 200 lots.

So how many positions can run simultaneously in this account type?

You can have up to 50 running positions. What is more, you can get up to 100 standard cent real account types with Exness.

The margin call for the standard account is at 60% while the stop-out level at 0%. Lastly, orders can be placed via market execution with the standard cent account type.

Pro Professional Account.

The Professional Pro account type is recommended for professional traders because it is somehow a complex account type.

The minimum deposit amount into this account starts from $200 and depends on your country of residence.

MT4 leverage for this account type is unlimited while MT5 leverage is up to 1:2000.

There are no commissions charged by Exness on the Professional Pro account type, but only low spreads beginning from 0.1 pips.

The minimum volume you can trade with the standard account is 0.01 lots while the maximum volume stands at 200 lots.

Note that how much volume you can trade also depends on the instrument in question.

Wondering how many positions can run simultaneously in the Professional Pro account type?

There is absolutely no limit on the number of positions and pending orders you can have running in this account type.

More interesting is the fact that you can get up to 100 standard real account types and up to another 100 standard demo accounts with Exness.

The margin call for the standard account is at 30% while the stop-out level at 0%.

Lastly, orders can be placed via both instant and market execution with this account type.

Forex, Metals, Indices, Energies, and Stocks have instant execution of orders while Cryptocurrencies have market execution.

Zero Professional Account.

The Professional Zero account type is also recommended for professional traders because it is somehow a complex account type.

The minimum deposit amount into this account starts from $200 and this also depends on your country of residence.

MT4 leverage for this account type is also unlimited while MT5 leverage is also up to 1:2000.

This account type charges both commissions and spreads.

Commissions charged on this account type begin from $3.5 per lot and depend on the instrument of trade.

Visit Website.
New to Olymp Trade?
Important!
Review
REGISTER
1 Best Brokers in 2019
  • Register on the platform
  • Complete the interactive tutorial
  • Choose one of the strategies
  • Practice using a demo account
  • Make a deposit and become an expert
Earn real money with your phone.

Spreads are also charged but they begin from 0 pips, meaning that they are indeed low spreads.

The minimum volume you can trade with the standard account is 0.01 lots while the maximum volume stands at 200 lots.

Note that how much volume you can trade also depends on the instrument in question.

Wondering how many positions can run simultaneously in the Professional Zero account type?

There is absolutely no limit on the number of positions and pending orders you can have running in this account type.

More interesting is the fact that you can get up to 2000 standard real account types and up to another 100 standard demo accounts with Exness.

The margin call for the standard account is at 30% while the stop-out level at 0%.

Lastly, orders can be placed via market execution with this account type.

Raw Spread Professional Account.

The Professional Raw Spread account type is also recommended for professional traders because it is somehow a complex account type.

The minimum deposit amount into this account starts from $200 and this also depends on your country of residence. MT4 leverage for this account type is also unlimited while MT5 leverage is also up to 1:2000.

This account type charges both commissions and spreads.

Commissions charged on this account type begin from $3.5 per lot and depend on the instrument of trade.

Floating spreads are also charged but they begin from 0 pips, meaning that they are indeed low spreads.

The minimum volume you can trade with the standard account is 0.01 lots while the maximum volume stands at 200 lots.

Note that how much volume you can trade also depends on the instrument in question.

Are you wondering how many positions can run simultaneously in the Professional Raw Spread account type?

There is absolutely no limit on the number of positions and pending orders you can have running in this account type.

More interesting is the fact that you can get up to 2000 standard real account types and up to another 100 standard demo accounts with Exness.

The margin call for the standard account is at 30% while the stop-out level at 0%.

Lastly, orders can be placed via market execution with this account type.

  1. Minimum Deposit.

Minimum deposit, also known as margin requirement, is the least amount of money that you need to deposit with a broker in order to begin trading.

The Exness minimum initial deposit amount is $1.

There is something to note here though.

The minimum deposit is not $ for all account types, as we have seen in the previous section on account types.

The minimum amount will therefore depend on the account type that the trader holds, ranging between $1 and $500.

Exness supports a variety of base currencies in which traders can fund their accounts. These include the following, and more:

  • USD.
  • AUD.
  • GBP.
  • ZAR.
  • CHF.

Note that you can make a deposit in any currency.

However, the deposit will be subjected to a conversion fee if you deposit in terms of a currency different from the currency in which your Exness account is maintained.

  1. Deposits and Withdrawals.

Are you wondering how you can make a deposit and a withdrawal from your Exness trading account? Here are payment methods that double up as deposits and withdrawal methods that you can use:

  • Tether (USDT).
  • Bitcoin.
  • Internet Banking.
  • Bank Cards.
  • AstroPay Card.
  • Perfect Money.
  • WebMoney.
  • Neteller.
  • Skrill.
  • Mpesa
  • Internal Transfer.

Here is another question you might be having. Does Exness charge withdrawal fees?

The answer is that yes, excess charges withdrawals, but not all of them.

The broker only charges withdrawal fees when traders use Skrill and their withdrawal is less than $200. In the case of Skrill and a withdrawal amount less than $200, traders will pay a fixed fee of $1.

You might also be asking how long it takes for your withdrawal to be processed and money to hit your wallet or bank.

That depends on the method of payment used to withdraw. Here are the specifications:

  • USDT and Internet Banking takes up to 72 hours.
  • Bitcoin withdrawals take up to 4 hours.
  • Bank Cards may take between 3 to 5 working days.
  • AstroPay, Perfect Money, Web Money, Neteller, Skrill, and Internal Transfer are instant.
  1. Trading Cost.

Trading cost includes those expenses that traders have to incur in a bid to make money trading with a broker.

They include commissions, spreads, withdrawal and deposit fees, overnight fees, and inactivity fees, among other charges.

Exness charges commissions and spreads depending on the account type a trader holds.

There are also other charges a trader will be charged by Exness such as overnight, withdrawal, and inactivity fees as we shall see.

Here are the specifications of spreads and commissions charged by Exness depending on the account type:

  • Standard Account – spreads from 0.3 pips and zero commissions charged on trades.
  • Standard Cent Account – spreads from 0.3 pips and zero commissions charged on trades.
  • Pro Professional Account – spreads from 0.1 pips and zero commissions charged on trades.
  • Zero Professional Account – spreads from 0.0 pips and commissions starting from $3.5 per lot.
  • Raw Spread Professional Account – spreads from 0.0 pips and commissions of up to $3.5 per lot.

Overnight fees.

Overnight fees are also known as swap fees or rollover fees.

These are charges for positions traders hold for more than a day. Exness will charge you for positions held open for longer than a day.

You should also note that certain financial instruments can only be traded during a certain time of the day. Additional fees may be charged if you hold positions of such instruments after they have closed.

Swap-free accounts, otherwise known as Islamic accounts are available at Exness.

They help Islamic traders who are of the Muslim faith and who operate under Sharia Law. No overnight fees are charged under these accounts.

Withdrawal charges.

Exness does not charge any deposit fees and withdrawal fees are only involved only when traders use Skrill and the withdrawal amount is less than $200.

A withdrawal fee of $1 is charged in the latter case.

  1. Client Support.

Exness prides itself in being able to offer high-quality customer service to customers across the globe. They do this through their personal and truly international approach.

Their client support is available 24/5 in some languages and 24/7 in some other languages.

Here are the channels through which you can reach Exness client support:

  • Live Chat: 15 Languages offered, including English, Russian, Chinese, Urdu, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, and Spanish.
  • Email: support@exness.com.
  • Phone: +254800720064,+254205293810

You can also reach Exness via their Social media platforms as specified below:

  • Facebook https://www.facebook.com/exness/
  • Twitter https://twitter.com/exness
  • LinkedIn https://www.linkedin.com/company/exness/
  • Instagram https://www.instagram.com/exness/?hl=en
  • YouTube https://www.youtube.com/user/EXNESSchannel

The Exness official website is available in 15 different languages for all clients across the globe and is both client-friendly and easy to use.

The broker also has a Help Centre which is an articles galore designed to accommodate all Exness and Forex-related queries that clients may have.

You also need to know that Exness support officers undergo rigorous training and continuous assessments to keep themselves updated on the vast products and services in Exness.

That way, you can be sure that they are indeed knowledgeable and most of your issues will be resolved.

  1. Broker Regulation.

When choosing an entity such as a trading broker for a long-term partnership that involves money, you must consider if that company is legally regulated and licensed.

Licensed brokers are bound by regulatory requirements put in place to protect the interests of the trader.

That way, if the broker you are partnering with is well regulated, then that puts at a better place to attain success while trading because your money is safe.

Exness is a registered broker. Here are the Exness Group Licenses that we found:

  • Financial Services Authority (FSA).

Exness is registered by FAS as Nymstar Limited. It is registered as a Securities Dealer authorized and regulated by the Seychelles Financial Services Authority (FSA) with License Number SD025.

But what is this FSA?

FSA is the autonomous regulatory body responsible to license, regulate, enforce regulatory and compliance requirements, monitor and supervises the conduct of business in the non-bank financial services sector in Seychelles.

  • Financial Sector Conduct Authority (FSCA).

Exness is registered as Vlerizo (Pty) Ltd and authorized by the Financial Sector Conduct Authority (FSCA) in South Africa as a Financial Service Provider (FSP) with FSP number 51024.

But what is FSCA? FSCA is an independent body responsible for market conduct regulation and supervision.

FSCA aims to enhance and support the efficiency and integrity of financial markets and to protect financial customers by promoting their fair treatment by financial institutions.

  • Cyprus Securities and Exchange Commission (CySEC).

Exness is registered as Exness (Cy) Ltd, a Cyprus Investment Firm and authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with License Number 178/12.

But what is CySEC? CySEC is the independent public supervisory authority responsible for the supervision of, inter alia, the investment services in Cyprus.

  • Financial Conduct Authority (FCA)

Exness is registered as Exness (UK) Ltd, an Investment Firm in the UK, and authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom under the Financial Services Register Number 730729.

Do you know what FCA is? FCA is the conduct regulator for financial services firms and financial markets in the United Kingdom (UK) and is the prudential regulator for some of the financial services firms it regulates.

In complying with this, amidst several other strict rules and regulations, all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.

In addition to ensuring client fund security through segregated accounts, regulated brokers such as Exness are required to be a member of a compensation scheme or fund which pays out a certain amount to eligible clients in the case of company insolvency.

  1. Trading Platforms.

Exness offers their clients more than enough trading platforms to choose from. Below is the list:

Visit Website.
New to Olymp Trade?
Important!
Review
REGISTER
1 Best Brokers in 2019
  • Register on the platform
  • Complete the interactive tutorial
  • Choose one of the strategies
  • Practice using a demo account
  • Make a deposit and become an expert
Earn real money with your phone.
  • MetaTrader 4.
  • MetaTrader 5.
  • WebTerminal.
  • MultiTerminal.
  • Exness Trader Mobile App.
  • Exness Terminal Online trading platform.
  • Social Trading mobile App.

MetaTrader 4 (MT4).

MT4 is the world’s leading trading platform for trading Forex and other diverse instruments. The platform is chosen by many for its advantages which include:

  • Built-in analytical tools with 23 analytical objects and 30 built-in technical indicators.
  • MetaQuotes Language 4 (MQL4) lets anyone create their own trading robots and scripts while importing Expert Advisors only takes a few minutes.
  • Security with all communications between the server and the trading platform encrypted using 128-bit keys.

MetaTrader 5 (MT5).

  • Compared to MT4, MT5 has an enhanced interface and expanded features. Have a taste of them below:
  • More advanced trading robots and scripts.
  • Analytical tools include 38 inbuilt indicators, 22 analytical tools, and 46 graphical objects.
  • More trading options, including 8 pending order types (2 of which are MT5 exclusives).
  • Built-in economic calendar with news events and forecasts.

 WebTerminal.

The WebTerminal is an online platform that allows you to trade completely online using an MT4/MT5 framework.

Here are the WebTerminal features:

  • No downloads or installation make this the most accessible platform available.
  • HTML5-based and developed by MetaQuotes making it reliable, fast, and user-friendly.
  • All the basic functions you need to trade effectively and work on all browsers and operating systems.

MultiTerminal.

The MultiTerminal is only available within an MT4 framework. This account type offers a vast trading account management features such as:

  • The ability to simultaneously trade on up to 128 real accounts, all opened on the same server.
  • The ability to simultaneously trade on up to 10 demo accounts, all opened on the same server.
  • Unavailability of analytical tools such as charts and EAs.

There is something more to note though.

This platform is only available for Windows and requires downloading and installing to use.

Exness Trader Mobile App.

This is a mobile app platform build by Exness. It enables you to manage your Exness accounts securely and avails of technical analysis tools.

For a compact yet comprehensive Forex trading terminal, try Exness Trader Mobile App. It is available for Android and so you can download it from the Google Play Store.

Exness Terminal.

The Exness Terminal is a web-based platform built by Exness based on MT5. As such, it is only available for MT5 accounts.

The platform requires no downloads or installation to use. Exness Terminal offers all the basic functions required to trade effectively, with some exciting features coming up in the future.

Social Trading Mobile App.

The Social Trading mobile app enables investors to copy active traders so that both potentially earn from profitable trades.

It is basically the app for social or copies trading. Newbies can make use of the platform by simply copying experienced traders who perform well. That way, they will be making money from the strategies of other experienced and seasoned traders.

  1. Markets Offered.

Exness offers a wide range of instruments that traders can choose from.

If you trade a specific asset or a wide range of them, then you have a chance at Exness. Here are the various markets which Exness offers their clients:

Stocks.

Exness traders have access to CFDs (Contracts for Difference) on the most famous in the US. Availabel will be CFDs on stocks such as:
AMD.

  • GOOGL.
  • AMZN.
  • AAPL.
  • CSCO.
  • EBAY.
  • XOM.
  • Facebook.

Indices.

Aside from these American stocks, you’ll also find access to international assets as well, but only through indices. Here are all of the available indices to trade on Exness:

  • ASX 200 (AUS200).
  • Dow Jones Industrial Average (US30).
  • CAC 40 (FR40).
  • DAX (DE30).
  • Hong Kong 50 (HK50).
  • Nikkei 225 (JP225).
  • NASDAQ-100 (USTEC).
  • S&P 500 (US500).
  • Euro Stoxx 50 (STOXX50).
  • FTSE 100 (UK 100).

Forex Pairs.

Currency pairs are the main assets offered by Exness. Currently, Exness offers over 107 currency pairs, which include majors, minors, and even exotics. Here are examples of currency pairs that Exness offers:

  • AUD/USD.
  • EUR/USD.
  • GBP/USD.
  • AUD/DKK.
  • AUD/SEK.
  • CHF/PLN.
  • EUR/SGD.

Metals & Commodities.

Exness offers its traders a variety of commodities that they can select from and trade. Here are some of the commodities and metals you can trade with Exness broker:

  • UKOIL.
  • USOIL.
  • Gold VS AUD, EUR, GBP.
  • Silver VS AUD, EUR, GBP.
  • Gold.
  • Silver.
  • Palladium.
  • Platinum.

Crypto.

Exness also offers CFDs on cryptocurrencies. Here are the various cryptocurrencies you can trade with Exness:

  • Bitcoin (BTCUSD, BTCKRW and BTCJPY).
  • Litecoin (LTCUSD).
  • Ethereum (ETHUSD).
  • Ripple (XRPUSD).
  • Bitcoin Cash (BCHUSD).
  1. Risk Management.

Trading has been and will always be a risky affair, especially where leverage is used to amplify your trading capacity.

You already know that leverage amplifies both your potential profits and losses.

To cushion traders, Exness offers a number of risk management features. These include the following:

  • Stop Loss – works by closing trades automatically at a certain level, usually in a loss. The idea is that stops prevent trades from being unnecessarily bad because without a stop the loss from anyone’s trade is theoretically unlimited unless you close it manually.
  • Trailing stop – it follows price in the direction of profit by a particular number of points, so it’s only activated and triggered in profit. Using a combination of normal and trailing stops can be a very effective tool to avoid the worst losses.
  • Take Profit – this allows traders to determine a point in profit where the trade will be closed. For new traders, targets are the essential counterparts to stops. Used together in the correct way, they allow beginners to cut losses and let profits run more easily.
  1. Trader Education.

Exness broker has a rich educational database for traders of all levels – beginners and advanced traders.

Exness’s academy is the name of the educational database. It is dedicated to sharing experience and knowledge about all aspects of trading the most popular derivatives.

Exness’s academy breaks its trader education into three classes; essentials, development, and breakthrough.

Alongside the educational material offered at Exness’s academy, Exness also offers regular webinars that cover different aspects of trading.

Is that all that there is about Exness trader education?

There is more. Exness has a lineup of experienced traders and analysts who provide live trading commentary during key fundamental events or release of critical economic data likely to affect prices.

Conclusion.

You have read almost everything that there is to know about Exness.

Anything convincing enough to have you begin your trading journey with Exness? Or rather, anything striking enough to have you shift from your current broker to Exness? It is entirely your decision to make.

However, if nothing appealed to you enough, then there is more.

More broker reviews are available on this site and so you can check them up. Maybe your ideal broker will be introduced to you in the review that you land on next.

Happy Trading!


Interesting for you.

  1. 4 MOST COMMON FOREX SCAMS AND HOW TO KEEP YOURSELF SAFE.
  2. HOW TO DOWNLOAD AND USE THE OLYMP TRADE METATRADER 4 PLATFORM.
  3. 5 BEST BOOKS ABOUT FOREX TO READ AS A NEWBIE TRADER.
  4. LEARN HOW TO TRADE FOREX – LESSON 1, WHAT IS FOREX?

 
Visit Website.
New to Olymp Trade?
Important!
Review
REGISTER
1 Best Brokers in 2019
  • Register on the platform
  • Complete the interactive tutorial
  • Choose one of the strategies
  • Practice using a demo account
  • Make a deposit and become an expert
Earn real money with your phone.
If you participated in the Joon Online February Contest and your Olymp Trade Trading ID is-

1. 65088443 (from the United Arab Emirates) you are the winner of our brand new PS5

2. 71239571 (from Mexico) - you are the first runners up and you win $500
3. 42372579 (from India) - you win $100
4. 70050992 (from Benin) - you win $100
5. 66245309 (from the United Arab Emirates) - you win $100
6. 65522959 (from India) - you win $100
7. 71249170 (from Colombia) - you win $100

contact us via email - info@joon.co.ke to collect your prizes


Don't have an Olymp Trade Account? Register Here.


Get a DEMO account with $10,000 for trading practice^^^.

X