Exness Forex Broker Review 2024
Exness, established in 2008, has rapidly grown to become one of the leading forex brokers globally, known for its reliability, transparency, and user-centric trading conditions. Serving over 800,000 active clients and handling monthly trading volumes surpassing $4 trillion, Exness stands out as a trusted forex broker trading partner in the financial markets. It offers a variety of financial instruments, competitive spreads, and high leverage options, catering to both novice and experienced traders.
Regulatory Compliance and Security
Exness operates under a robust regulatory framework, ensuring that client funds and interests are safeguarded. The broker is licensed by multiple reputable authorities:
| Regulatory Authority | License Number | Jurisdiction |
| Financial Conduct Authority (FCA) | 730729 | United Kingdom |
| Cyprus Securities and Exchange Commission (CySEC) | 178/12 | Cyprus |
| Financial Services Authority (FSA) | SD025 | Seychelles |
| Financial Sector Conduct Authority (FSCA) | 51024 | South Africa |
| Capital Markets Authority (CMA) | License No. 162 | Kenya |
Key Security Features:
- Negative Balance Protection: Ensures traders cannot lose more than their account balance.
- Segregated Accounts: Client funds are held separately from the broker’s operating funds.
- Member of the Financial Commission: Offers up to EUR 20,000 in insurance per client in case of disputes.rs looking for a flexible, affordable, and secure trading platform.
Exness Content Overview
- Regulatory Compliance and Security
- Trading Platforms and Tools
- Account Types
- Exness Account Features
- Financial Instruments and Market Access
- Fees and Costs
- Deposit and Withdrawal Options
- Exness Affiliate Program: A Passive Income Opportunity
- Comparison with Other Online Trading Brokers
- Customer Support and Educational Resources
- Final Thoughts
Trading Platforms and Tools
Exness supports industry-standard platforms along with its proprietary solutions, making it a standout broker platform for online trading.
| Platform | Features | Suitable For |
| MetaTrader 4 (MT4) | Known for its efficiency in forex broker trading, this platform is ideal for algorithmic traders and supports easy Exness MT4 download for desktop and mobile devices. | Forex trading, algorithmic traders |
| MetaTrader 5 (MT5) | Advanced features for multi-asset trading with seamless integration. | Advanced multi-asset trading |
| Exness Web Terminal | This web-based market broker solution allows traders to execute fast trades without downloads. | Quick trades, beginners |
| Exness Trade App | The Exness app download ensures traders have mobile access to their accounts and tools anytime, anywhere. | Traders on the go |
Exness download options include the user-friendly Trade App and powerful MetaTrader 4 and 5 platforms. These tools offer real-time monitoring, built-in analytics, and flexible trading on the go.
Exness Trade App
The Exness Trade App is a user-friendly mobile application designed for traders who need to access their accounts on the go. It combines essential trading features with intuitive navigation, making it suitable for both new and experienced users.
Key Features:
- Real-Time Trading: Monitor market movements and execute trades instantly.
- Account Management: Deposit, withdraw, and check transaction history directly from the app.
- Customizable Alerts: Set up notifications for price movements, order execution, and account updates.
- Built-In Analytics: Access essential charting tools and indicators to make informed decisions.
- Compatibility: Available for both iOS and Android, ensuring smooth operation across devices.
Who Should Use It?
The app is ideal for traders who value flexibility and require market access anytime, whether they’re managing long-term positions or making quick decisions during volatile periods.
MetaTrader 4 (MT4)
Exness MetaTrader 4 is a highly regarded platform in the trading community, renowned for its reliability and versatility. It remains a preferred choice for forex trading due to its stability and wide range of features.
Why Choose MT4?
- Expert Advisors (EAs): Automate trading strategies using customizable algorithms.
- Comprehensive Charting: Analyze trends with multiple timeframes and indicators.
- Order Types: Supports market, limit, and stop orders for enhanced flexibility.
- Multi Device Access: Available for desktop, web, and mobile, allowing seamless switching between devices.
Best Suited For:
Algorithmic traders and those who prefer established, straightforward trading tools.
MetaTrader 5 (MT5)
An advanced iteration of its predecessor, MT5 caters to traders looking for a broader range of instruments and enhanced analytical capabilities. It’s designed for multi-asset trading and is widely used for trading not just forex, but also stocks, indices, and commodities.
What Makes MT5 Stand Out?
- Extended Market Depth (DOM): Provides better visibility of supply and demand.
- More Timeframes: Offers 21 timeframes compared to MT4’s 9, allowing detailed analysis.
- Economic Calendar Integration: Stay updated on global economic events directly within the platform.
- Partial Order Filling: Flexible order execution to match specific trading needs.
Who Should Use It?
Traders seeking advanced tools and diversified asset options, including stocks and indices.
Exness Web Terminal
The Web Terminal is a browser-based trading solution designed for convenience. It allows traders to access their accounts without downloading or installing additional software.
Features Overview:
- Instant Access: Trade directly from any web browser with internet access.
- Simplified Interface: Focused layout to help traders quickly navigate the platform.
- Secure Connections: Uses encryption protocols to protect account data.
- Multi-Device Support: Switch seamlessly between devices without interruptions.
Perfect For:
Beginner traders or those who require quick, temporary access to their trading accounts while maintaining security.
Account Types
The broker provides a variety of Exness account types, ensuring flexibility for all trading strategies, from beginners using the Exness demo account to professionals maximizing Exness leverage in competitive market conditions.
| Account Type | Minimum Deposit | Spread (EUR/USD) | Commission | Leverage | Ideal For |
| Standard | $10 | From 0.3 pips | None | Up to 1:2000 | New traders |
| Standard Cent | $1 | From 0.3 pips | None | Up to 1:2000 | Micro trading |
| Raw Spread | $500 | 0.0 pips | $3.5 per lot | Up to 1:2000 | Scalpers |
| Zero | $500 | 0.0 pips | $3.5 per lot | Up to 1:2000 | High-volume traders |
| Pro | $500 | From 0.1 pips | None | Up to 1:2000 | Experienced traders |
How to Sign Up and Login to Exness Account
The broker provides a simple and efficient process for creating and accessing an Exness account, ensuring traders can begin their journey without unnecessary steps.
Steps to Sign Up:
- Visit the Website or Download the App: Open the official Exness website or download the Exness Trade App for mobile users.
- Click on ‘Create Account’: On the homepage, locate the “Create Account” button.
- Fill Out the Registration Form: Enter your email address, select your country of residence, and create a strong password. Ensure your details are accurate to avoid complications during verification.
- Agree to Terms and Conditions: Read through the terms of service, then confirm by ticking the checkbox.
- Verify Your Email and Phone Number: A verification code will be sent to your email or phone. Enter this code to proceed.
- Complete Your Profile: Provide personal information, including your full name and date of birth. This step is crucial for compliance with regulatory standards.
- Submit Proof of Identity and Address: Upload necessary documents such as a passport, national ID, or utility bill to verify your identity and address.
Steps to Login:
- Open the Platform: Use the web terminal, MetaTrader, or the mobile app to access the login page.
- Enter Your Credentials: Input your registered email address and password.
- Enable Two-Factor Authentication (Optional): For added security, set up two-factor authentication in your account settings.
- Access Your Dashboard: Once logged in, you’ll be directed to your account dashboard, where you can manage funds, analyze the market, or execute trades.
Exness Account Features
Exness accounts are designed to accommodate traders of all experience levels and strategies. Below is a breakdown of the features you can expect:
- Swap-Free Options: Available for traders in regions where swaps are not permissible.
- Leverage Options: Up to 1:2000 on certain accounts, allowing traders to increase their exposure with minimal capital.
- Commission-Free Options: Several account types have no commission on trades, making them cost-effective for frequent traders.
- Customizable Trading Conditions: Adjust settings like margin level notifications to suit your strategy.
Commission
Exness accounts cater to different trading styles, offering commission-free options for beginners and low-commission accounts for professionals:
- Standard and Standard Cent accounts have no commissions.
- Raw Spread and Zero accounts charge a fixed $3.5 per lot, suitable for precision strategies.
Spread
Exness spreads are competitive across all account types:
- Standard and Standard Cent accounts start from 0.3 pips.
- Raw Spread and Zero accounts offer near-zero spreads for scalpers and high-frequency traders.
Leverage
Exness leverage up to 1:2000 is available, providing flexibility to traders who wish to maximize their capital efficiency. However, it’s essential to approach high leverage with caution to manage risks effectively.
Comparison of Account Features:
| Feature | Standard | Raw Spread | Zero | Pro |
| Commission | No | Yes | Yes | No |
| Spread | From 0.3 | From 0.0 | 0.0 | From 0.1 |
| Execution | Market | Market | Market | Market/Instant |
| Swap-Free Option | Yes | Yes | Yes | Yes |
Financial Instruments and Market Access
Exness offers a broad range of financial instruments, allowing traders to diversify their portfolios:
| Instrument | Examples | Leverage |
| Forex | EUR/USD, GBP/JPY, AUD/NZD | 1:2000 |
| Metals | Gold (XAU/USD), Silver (XAG/USD) | 1:2000 |
| Cryptocurrencies | Bitcoin (BTC/USD), Ethereum (ETH/USD) | 1:100 |
| Indices | S&P 500, NASDAQ | 1:200 |
| Commodities | Oil, Natural Gas | 1:100 |
Cryptocurrency Trading:
Fees and Costs
Exness is recognized for its competitive trading costs, transparent fee structure, and zero hidden charges.
| Account Type | Spread (EUR/USD) | Commission | Swap-Free |
| Standard | From 0.3 pips | None | Yes |
| Raw Spread | From 0.0 pips | $3.5 per lot | Yes |
| Zero | 0.0 pips | $3.5 per lot | Yes |
| Pro | From 0.1 pips | None | Yes |
- Instant withdrawals for e-wallets and cryptocurrencies.
- No fees on deposits and withdrawals (depending on payment method).
Deposit and Withdrawal Options
Exness provides a wide range of payment methods with instant processing times:
| Method | Deposit Time | Withdrawal Time | Fees |
| Bank Transfer | 1-3 business days | 1-3 business days | None |
| Credit/Debit Cards | Instant | Instant | None |
| Skrill/Neteller | Instant | Instant | None |
Note: Instant withdrawals are available even on weekends.
Exness Affiliate Program: A Passive Income Opportunity
Exness offers an attractive affiliate program that rewards users for bringing new traders to the platform.
- High commission rates based on trading activity.
- Access to a dedicated affiliate portal for performance tracking.
- Marketing materials and expert support provided.
This program is ideal for individuals or businesses looking to generate passive income through referrals.
Comparison with Other Online Trading Brokers
Exness holds a strong position in the forex and CFD trading market. Below is an in-depth comparison of Exness with other prominent brokers like IC Markets, XM, and Pepperstone, highlighting the advantages and areas where Exness might improve.
- High Leverage: Exness provides leverage up to 1:2000, suitable for traders with small capital aiming for higher market exposure.
- Instant Withdrawals: Exness allows immediate withdrawals, including weekends, giving traders quick access to their funds.
- Low Spreads: Offers spreads starting at 0.0 pips on Raw Spread and Zero accounts, which are ideal for scalping and high-frequency trading.
- Diverse Trading Platforms: Traders can choose from MetaTrader 4, MetaTrader 5, Exness Web Terminal, and the Exness Trade App, covering all device preferences.
Areas for Improvement:
- Range of Tradable Commodities: While Exness offers commodities like oil and natural gas, its competitors provide a broader selection, including agricultural products.
- Education Materials: Compared to brokers like XM, Exness could expand its library of beginner-focused tutorials and advanced strategy guides.
Detailed Broker Comparison
| Feature | Exness | IC Markets | XM | Pepperstone |
| Minimum Deposit | $1 | $200 | $5 | $200 |
| Spreads (EUR/USD) | From 0.0 pips | From 0.0 pips | From 1.0 pips | From 0.0 pips |
| Commission per Lot | $3.5 | $3.0 | None | $3.5 |
| Leverage | Up to 1:2000 | Up to 1:500 | Up to 1:888 | Up to 1:500 |
| Trading Platforms | MT4, MT5, Web Terminal, Trade App | MT4, MT5, cTrader | MT4, MT5 | MT4, MT5, cTrader |
| Number of Instruments | 100+ | 250+ | 1000+ | 120+ |
| Regulation | FCA, CySEC, FSA, FSCA, CMA | ASIC, FCA, CySEC | ASIC, CySEC, IFSC | ASIC, FCA, DFSA |
| Withdrawals | Instant | 1-2 business days | Instant for e-wallets | 1-2 business days |
| Educational Resources | Limited | Advanced | Extensive | Advanced |
Why Choose Exness Over Competitors?
- Instant Withdrawals: Unlike IC Markets and Pepperstone, which typically take 1–2 business days for withdrawals, Exness processes e-wallet and cryptocurrency withdrawals instantly.
- High Leverage: Exness’s leverage up to 1:2000 significantly outpaces XM and other brokers, making it attractive to traders with limited capital.
- User-Friendly Platforms: Exness’s proprietary Web Terminal and Trade App provide simple yet effective tools for traders seeking convenience without compromising functionality.
Customer Support and Educational Resources
Exness ensures a seamless experience for users, whether they need assistance with Exness login, Exness sign up, or guidance on using the Exness Web Terminal. Its multilingual support team and comprehensive resources cater to both new and experienced traders.
- Social Trading Platform: Allows copying trades from successful traders with low entry requirements..
- 24/7 Multilingual Support: Live chat, email, and phone support.
- Educational Content: Includes webinars, market analysis, and trading guides.
Final Thoughts
Exness offers an attractive trading environment for both beginner and advanced traders, with a mix of competitive spreads, flexible account options, and strong regulatory oversight. The broker’s emphasis on fast withdrawals, low trading costs, and diverse asset classes makes it a top choice for traders looking to optimize their trading experience.
Pros:
- Regulated by multiple top-tier authorities.
- Competitive Exness spread and low commissions.
- Wide range of account types tailored to various trading strategies, including access to the Exness Demo Account for risk-free practice.
- Instant deposits and withdrawals with no fees.
- Flexible Exness leverage options, up to 1
for certain accounts. - Opportunities for passive income through the Exness Affiliate Program, allowing users to earn by referring new traders.
Cons:
- Educational resources could be expanded.
- Limited range of tradable commodities compared to some competitors.
However, it’s crucial to understand the risks associated with high leverage trading. Exness provides robust risk management tools, but it’s up to the trader to apply these effectively.