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Summary: Exness is widely recognized as a reliable forex broker, offering a broad range of trading instruments, competitive spreads, and multiple account types suitable for both novice and experienced traders. However, some users have pointed out limitations in educational resources and the range of available assets. Notably, the broker's operations vary across different jurisdictions, which is a critical factor for potential users.
Note: It's important to consider that Exness operates under different entities depending on the region, affecting the services and regulations applicable to users in various countries.
Category | Rating (out of 10) |
---|---|
Account Conditions | 8.5 |
Tools and Resources | 7.0 |
Customer Service | 8.0 |
Trading Experience | 8.5 |
Trustworthiness | 9.0 |
User Experience | 8.0 |
How We Rate Brokers: Our ratings are based on extensive research and user feedback, focusing on the overall trading experience.
Founded in 2008, Exness has established itself as a significant player in the online trading industry, particularly in forex and CFDs. The broker is headquartered in Limassol, Cyprus, and operates under various regulatory authorities, including the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC). Exness supports popular trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), providing clients with a diverse range of trading instruments, including forex pairs, commodities, indices, and cryptocurrencies.
Exness is regulated in multiple jurisdictions, including the UK (FCA), Cyprus (CySEC), Seychelles (FSA), South Africa (FSCA), and Curacao (CBCS). However, the broker has ceased retail operations in the EU/EEA, focusing instead on B2B services in those regions. Therefore, traders from the EU and the UK cannot open retail accounts with Exness.
Exness supports various currencies for deposits and withdrawals, including USD, EUR, GBP, and many others. Additionally, the broker allows transactions in cryptocurrencies such as Bitcoin and Tether, providing flexibility for users who prefer digital assets.
The minimum deposit for opening an account with Exness starts as low as $10 for standard accounts, making it accessible for beginner traders. Professional accounts, such as the Pro, Zero, and Raw Spread accounts, require a minimum deposit of $500.
Currently, Exness does not offer traditional welcome bonuses or promotions. However, the broker may provide occasional bonus credits based on specific campaigns or conditions, which can be used in trading operations.
Exness offers a wide range of tradable assets, including over 100 forex pairs, several cryptocurrencies, 15 metals, 3 energy commodities, and a selection of stock CFDs. However, the total number of available trading instruments is relatively limited compared to some competitors.
Exness is known for its competitive pricing structure. The standard account features spreads starting from 0.3 pips, while professional accounts can have spreads as low as 0.0 pips with a commission of up to $3.50 per lot. Importantly, Exness does not charge deposit or withdrawal fees, which enhances its cost-effectiveness for traders.
Exness offers high leverage options, with some accounts providing leverage up to 1:2000. This flexibility allows traders to maximize their trading potential, although it also increases risk.
Traders can access Exness through various platforms, including MT4, MT5, the Exness web terminal, and the Exness mobile app. This variety ensures that traders can choose the platform that best suits their trading style.
Exness does not accept clients from several countries, including the USA, UK, Canada, and many European nations. Traders should check the brokers website for a comprehensive list of restricted regions before proceeding.
Exness provides customer support in multiple languages, including English, Chinese, Thai, Arabic, and several others. Support is available 24/7 in English and Chinese, ensuring that traders can receive assistance when needed.
Category | Rating (out of 10) |
---|---|
Account Conditions | 8.5 |
Tools and Resources | 7.0 |
Customer Service | 8.0 |
Trading Experience | 8.5 |
Trustworthiness | 9.0 |
User Experience | 8.0 |
Exness provides a variety of account types, including standard, standard cent, pro, zero, and raw spread accounts. The flexible minimum deposit requirements and competitive spreads make it suitable for traders of all levels.
While Exness offers essential trading tools and resources, the educational content available is somewhat limited compared to industry leaders. More advanced educational materials could enhance the trading experience for beginners.
Exness has a strong customer service reputation, providing support across multiple channels, including live chat, email, and phone. The availability of support in various languages is a significant advantage.
With a user-friendly interface and robust trading platforms, Exness delivers a solid trading experience. The quick execution times and low spreads contribute to an efficient trading environment.
Exness is regarded as a trustworthy broker, supported by its regulatory compliance and commitment to client fund protection. The presence of negative balance protection further enhances its credibility.
Overall, users report a positive experience with Exness, particularly regarding the ease of use of its trading platforms and the efficiency of its deposit and withdrawal processes.
In conclusion, Exness stands out as a reputable broker that caters to a diverse range of traders, from beginners to seasoned professionals. Its commitment to transparency, security, and user-friendly features makes it a top choice for those looking to engage in forex and CFD trading. However, potential users should be aware of the limitations in educational resources and the geographical restrictions affecting certain regions.