Exness Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.exness.com/a/11817674, the company's legitimate regulatory information CyprusCYSECMarket Making(MM),United KingdomFCAInstitution Forex License,South AfricaFSCARetail Forex License,SeychellesFSARetail Forex License, to enhance the security of the company's address 9A CT House, 2nd Floor Providence, Mahe, Seychelles.
Exness Forex Broker
Basic information
Seychelles
10-15 years Regulated in Cyprus Regulated in United Kingdom Regulated in South Africa Regulated in Seychelles Market Making(MM) Institution Forex License Retail Forex License MT4 Full License MT5 Full License Global BusinessCompany profile
Let's start here:
Exness is a globally recognized forex broker, operating in over 170 counspanies, offering a diverse range of tradable assets, including currencies, commodities, stocks, indices, and cryptos. With a daily execution of over 300,000 trades and monthly trading volumes exceeding $1 trillion, Exness is a high-volume broker known for its transparency. Regulated by CySEC, FCA FSCA, and FSA (offshore) in different jurisdictions, Exness adheres to strict financial standards. In this Exness review, we'll explore the broker's offerings in detail to reveal the real exness.
Pros and Cons of Exness
| Pros | Cons |
| Wide selection of trading instruments | No trading bonuses or promotions are offered |
| Easy-to-use and customizable trading platforms | |
| Detailed table of trading conditions on the instrument screen | |
| Commission-free quick deposits and withdrawals from Exness | |
| Educational resources and analysis tools available | |
| Multilingual customer service | |
| Social trading feature supported |
What Type of Broker is Exness?
Exness is a leading forex broker founded in 2008 in St. Petersburg, Russia. The company is based in Cyprus and is regulated by the FCA of the UK, CYSEC of Cyprus, FSCA of South Africa and FSA of Seychelles.
Exness is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, Exness acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of offering leverage.
However, this also means that Exness has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interest of their clients.
Is Exness Legit?
Yes, Exness operates legitimately,regulated by four regulatory authority across four jurisdictions, specifically, FCA in the United Kingdom, CySEC in Crprus, FSCA in South Africa, and FSA in Seychelles.
Exness is closely monitored by various government and regulatory bodies in different regions or countries, done to make sure they follow the rules and guidelines that keep financial markets fair and safeguard the interests of clients.
| Regulated Country | Regulated Authority | Current Status | Regulated Entity | License Type | License Number |
| FCA | Regulated | Exness (UK) Ltd | Institution Forex License | 730729 | |
| CYSEC | Regulated | Exness (Cy) Ltd | Market Making (MM) | 178/12 | |
| FSCA | Regulated | EXNESS ZA (PTY) LTD | Retail Forex License | 51024 | |
| FSA | Offshore Regulated | Exness (SC) Ltd | Retail Forex License | SD025 |
Exness's UK entity, Exness (UK) Ltd, is regulated by tier-one regulator FCA under regulatory number 730729a，holding a license for Market Making (MM).
Exness's second entity in Cyprus, regulated by the tier-2 regulator CYSEC under regulatory number 178/12, holding a license for Market Making as well.
EXNESS ZA (PTY) LTD in South Africa, regulated by FSCA under regulatory number 51024, holding a license for Retail Forex.
Exness's fourth entity in Seychelles, Exness (SC) Ltd is regulated by the offshore regulator FSA under regulatory number SD025, holding a license for retail forex.
Market Instruments
Exness offers various CFD trading products, covering forex, commodities, stocks, indices, and cryptos. Traders can access these instruments through the popular MetaTrader 4 (MT4) trading platform or its successor, the MetaTrader 5 (MT5) platform. The platforms are highly customizable and offer a wide range of technical analysis tools and resources. The proprietary Exness Terminal and Exness Trade app are also available.
| Tradble Assets | Supported |
| CFDs | ✔ |
| Forex | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Indices | ✔ |
| Cryptos | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Exness Minimum Deposit
To start trading with a very small amount of money, you can opt for a Standard Cent account, which requires a minimum deposit of just $10. With a Standard Cent account, you have access to the smallest lot size, known as the cent lot, allowing you to begin trading on various instruments with a margin of only $10.
The actual minimum amount required to initiate trading, however, will vary based on several factors, including the account type you choose, the payment method you use for deposits, regional regulations, and the prevailing market conditions.
Honestly, Exness's $10 minimum deposit is relatively low when compared to many other brokers in the industry, on the more accessible end of the spectrum, while many brokers set their minimum deposits at $100 or higher.
Here is the table showing the comparison of Exness minimum deposit with other brokers:
| Broker | Minimum Deposit |
| $10 | |
| $100 | |
| $200 | |
| $100 |
Exness Account Types/Fees
Apart from risk-free demo accounts, Exness offers standard and professional accounts. The standard account is a commission-free, feature-rich account suitable for all traders, including beginners, offering market execution, stable spreads and no requotes.
| Standard Account Type | Standard | Standard Cent |
| Min Deposit | $10 | |
| Max Leverage | 1:Unlimited | |
| Spread | From 0.2 pips | From 0.3 pips |
| Commission | ❌ | |
The Pro account is an account that can meet the needs of experienced traders. It features ultra-low spreads, even without spreads. Its execution is suitable for scalpers, day traders and algorithmic traders. The professional account has a minimum deposit of $3,000.
| Professional Account Type | Pro | Zero | Raw Spread |
| Min Deposit | $3,000 | ||
| Max Leverage | 1:Unlimited | ||
| Spread | From 0.1 pips | From 0 pips | |
| Commission | ❌ | From $0.05 each side per lot | Up to $3.5 each side per lot |
In addition, Exness provides two social trading account options for strategy providers: Social Standard and Social Pro.
| Social Account Type | Standard | Pro |
| Min Deposit | $10 | $3,000 |
| Max Leverage | 1:200 | |
| Spread | From 0.2 pips | From 0.1 pips |
| Commission | ❌ | |
Exness Leverage
The maximum leverage offered by Exness is up to 1:unlimited,which is a generous offer, ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also cause loss of funds, especially for inexperienced traders. Therefore, it is essential that traders choose the right amount based on their risk tolerance.
Trading Platforms
Exness offers traders a comprehensive suite of trading platforms to accommodate various trading needs. Traders can access MetaTrader 5 and MetaTrader 4 on desktop, or utilize the Exness Trade app, MetaTrader 5 mobile, and MetaTrader 4 mobile for on-the-go trading. Additionally, web-based trading is facilitated through the Exness Terminal and MetaTrader WebTerminal, enabling traders to access their accounts and trade directly from their web browsers.
Clients can customize the platform according to their needs and preferences, and can also access the automated trading feature through Exness VPS.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, Mobile, Web | Beginners |
| MT5 | ✔ | Desktop, Mobile, Web | Experienced traders |
| Exness Terminal | ✔ | Web | / |
| Exness Trade app | ✔ | Mobile | / |
Trading Tools
Exness equips traders with a robust suite of trading tools. From staying ahead of economic events with the economic calendar to strategizing with the trading calculator and currency converter, Exness empowers informed decision-making. Additionally, in-depth historical data (tick history) and VPS hosting cater to technical analysis enthusiasts. This comprehensive toolkit empowers traders of all experience levels to analyze market movements and make strategic trading decisions.
Deposit and Withdrawal
The minimum deposit is around 10 USD, making it affordable for traders who wish to start with a small amount. Deposits are processed within 30 minutes and withdrawals within 24 hours, ensuring quick availability of funds for traders.
Exness offers tailored payment solutions, with regional options dependent on account registration country and global methods accessible universally but requiring account verification. Supported payment modes include bank cards (VISA, Mastercard, Maestro) and electronic systems like Neteller and Skrill. While Exness does not levy fees on electronic payments, users should verify potential charges from their providers. Note that bank card transactions are subject to specific withdrawal protocols, including a priority system for refunds.
| Payment Methods | Min Deposit | Min Withdarwal | Fees | Deposit Time | Withdrawal Time |
| Perfect Money | $10 | $2 | ❌ | Within 30 minutes | Within 24 hours |
| Bank Card | $0 | Up to 30 minutes | 7-10 business days | ||
| Cryotocurrencies (USDT, Bitcoin, etc) | $10 | Up to 1 day | |||
| E-payments (Skrill, Neteller, etc) | Within 30 minutes | ||||