In this detailed Exness Broker Review, we will review each aspect of the Exness Broker to see if this broker is a legit broker. Below is the summary of the Exness Broker.
Assets Available | 5 Asset Classes - Forex, Commodities, Stocks, Indices and Cryptocurrency. |
Regulated By | FSA, CySEC, FCA, FSCA, FSC, FCS, CMA |
No. Of Trading Platforms | 3 Trading Platforms - MetaTrader 4, MetaTrader 5 and Exness trader app |
Leverage | Up to 1:2000 |
Spreads | From 0.0 pips |
Commission | From 0% |
Min Deposit | $10 |
Demo Account | Yes |
Education Provided | Educational videos and articles |
Methods of Payment | Bank cards, global electronic payment systems, and local payment methods |
Open Account |
Broker Background
The Exness broker is a regulated broker that was founded in 2008 and is headquartered in Cyprus. This broker has grown to 800,000 active traders since it was founded. It’s renowned for providing traders with highly competitive trading conditions.
First, we will look at the trading platforms provided by the Exness broker.
Trading Platforms
The Exness Broker offers traders with 3 main trading platforms. These are MetaTrader 4, MetaTrader 5 and Exness trader app
MetaTrader 4
MetaTrader 4 is a go-to trading platform, perfect for CFD trading. Whether you’re just starting out or have years of experience, MT4 has all the tools you need for market analysis and placing trades. Plus, it’s excellent for automated trading strategies.
MetaTrader 5
MetaTrader 5 is the next step up from MetaTrader 4, offering even more technical indicators for market analysis. Just like MT4, MT5 supports automated trading and is compatible with computers, phones, and tablets. It’s packed with tools for in-depth market analysis.
Exness Trader App
The Exness trader app is a mobile application that offers great features for trading. The features include, advanced charting, price alerts, in app calculators and much more.
This app is available on both Android and IOS, and it is downloaded by more than 10 million users worldwide.
Instruments Available For Trading
The Exness broker offers traders with 5 asset classes. These are forex, commodities, stocks, indices and cryptocurrency. Across these asset classes, there are a range of tradable instruments.
Forex
This broker provides traders with a range of forex pairs to trade. These include, majors, minors and exotics. The spreads for forex pairs starts from 0.0 pips on the Zero account provided by this broker.
Commodities
This broker offers a variety of commodities for trading, including precious metals like gold, silver, platinum, and copper. It also covers energy sources such as crude oil and natural gas
Indices
Exness broker offers traders with a range of Indices from around the world to choose from, including the AUS200, JP225, US30 and US100.
Cryptocurrencies
This broker provides traders with a range of Crypto CFD’s you can trade, these include, BTCAUD, BTCJPY and LTCUSD.
Stocks
Exness broker offers stock CFDs to trade on companies including eBay, Ford, Amazon, Mastercard and Walmart.
Regulations
Exness broker is a highly regulated broker that is regulated by 9 different Regulators across 9 different countries. These regulations are,
- Financial Services Authority (FSA) in Seychelles
- Central Bank of Curaçao and Sint Maarten (CBCS)
- Financial Services Commission (FSC) in BVI
- Financial Services Commission (FSC) in Mauritius
- Financial Sector Conduct Authority (FSCA) in South Africa
- Cyprus Securities and Exchange Commission (CySEC)
- Financial Conduct Authority (FCA) in UK
- Capital Markets Authority (CMA) in Kenya
- Jordan Securities Commission (JSC)
Account Types
The Exness broker offers traders with 4 main account types for live trading. These are,
- Standard account
- Pro account
- Zero account
- Raw Spread account
The following table shows the difference between the these account types.
Standard | Pro | Zero | Raw Spread | |
Minimum Deposit | $10 | $200 | $200 | $200 |
Spread | From 0.2 pips | From 0.1 pips | From 0 pips | From 0 pips |
Commission | No commission | No commission | From $0.05 each side per lot | Up to $3.50 each side per lot |
Maximum leverage | 1:Unlimited (if eligible) - default (1:2000) | 1:Unlimited (if eligible) - default (1:2000) | 1:Unlimited (if eligible) - default (1:2000) | 1:Unlimited (if eligible) - default (1:2000) |
Instruments | Forex, metals, cryptocurrencies, energies, stocks, indices | Forex, metals, cryptocurrencies, energies, stocks, indices | Forex, metals, cryptocurrencies, energies, stocks, indices | Forex, metals, cryptocurrencies, energies, stocks, indices |
Commissions And Spreads
The commission and spreads depends on the account type. The standard account and the pro account does not charge any commission. The spreads for the standard account starts from 0.2 pips and the spreads for the pro account starts from 0.1 pip. For the zero and raw spread account, the spreads start from 0 pips. The commission charged for zero account is from $0.05 each side per lot, and the raw spread account is up to $3.50 each side per lot.
The spreads of EURUSD starts from 0.0 pips and averages around 0.4 pips on the Zero account. This is lower compared to the average spread in industry, which is around 0.6 pips.
Other Fees
Exness broker doesn’t charge any fees for deposits or withdrawals. However, some electronic payment systems (EPS) and banks might have their own transaction fees. There is also no charge for inactive accounts with this broker.
Leverage
The Exness broker offers traders with a leverage of up to 1:Unlimited, but this is only if you are eligible. The default max leverage is up to 1:2000. This is one of the highest leverage in the industry.
Education Provided
The Exness broker provides education to traders through videos and articles. The image below shows the educational YouTube channel of the Exness broker.
Minimum Deposit
To start trading with the Exness broker, you require a minimum deposit of $10. This is only applicable for the standard account. To trade with other account types, you need a minimum deposit of $200.
Methods Of Payment (Deposit and Withdrawal)
The Exness broker provides traders with a range of payment methods for both depositing and withdrawing. The payment methods supported are, Credit/Debit cards, e-wallets, bank transfers, or cryptocurrencies.
How to Withdraw money from Exness broker
Exness doesn’t charge fees for deposit and withdrawals. Popular methods like Bank wire transfer, Cards and Skrill are available. It’s always a good idea to check with the customer service because fees and withdrawal methods change based on the country you are withdrawing from.
Customer Service
When it comes to customer support, the Exness broker provides traders with 24/7 customer service. Traders can contact the Exness broker customer support through email, phone and live chat.
They also provide customer support in 15 different languages which includes English, Thai, Chinese, Vietnamese, Arabic, Bengali, Hindi and Urdu,
Demo Accounts
The Exness broker does provide traders with a Demo account to practice trading. This is very useful for beginner traders.
Awards
The Exness Broker has won many awards. Some of the Awards includes, Best Trading Conditions 2024’ at UF Awards 2024 and best multi-asset broker at 2024 awards for brokers at a Middle East Ceremony.
Tools
This broker provides a range of tools for traders. These include, analytical tools, economic calendar, trading calculator and currency converter. The image below shows the trading calculator provided by the Exness broker.
Pros & Cons
The table below shows the pros and cons of the Exness broker.
| Pros | Cons |
| Low spreads accounts | Don’t accept US |
| Multiple Regulations | Lacks Tier 1 regulation for Retail Clients |
| 24/7 Customer Support | |
| High leverage |
Is this broker legit?
Yes, Exness broker is a legit broker that is regulated by multiple regulators. This broker is great for it’s low spread offering and high leverage. This broker also have an excellent score on trust pilot.
Conclusion
In this article, we reviewed the Exness broker in depth to see if this broker is a legit broker. We concluded that this broker is indeed a legit broker that offers traders with great features.
