Exness Overview  2024

Exness Group is a reputable brokerage firm offering a wide range of trading services, including forex, metals, cryptocurrencies, energy, indices, stocks, and commodities. This online broker provides customizable financial services and investment solutions tailored to individual needs. Our 2024 review of Exness covers account registration and login, login security, minimum deposit requirements, payment methods, social trading, and more. Explore whether you should consider signing up today.

Founded in 2008, Exness Group operates through various global branches, delivering trading services worldwide. The CEO and founder, Petr Valov, leads the organization with a focus on transparency and integrity.

This award-winning retail FX brand holds regulatory licenses in the UK, Cyprus, Seychelles, South Africa, and other regions. Notably, Exness was the first to achieve monthly trading volumes of $1 trillion and $2 trillion, serving over 260,000 active accounts.

Headquartered in Limassol, Cyprus, Exness also has offices in London, UK, South Africa, Seychelles, Curaçao, and the British Virgin Islands. Note that the Cyprus and UK offices do not provide services to retail investors. The company currently employs over 500 staff members.

Trading Platforms at Exness

Exness supports the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, both of which are industry-recognized and can be downloaded for free on PCs, desktops, or accessed through major web browsers like Windows XP, Windows 10+, and Mac. Below are some key features of these platforms:

Exness offers a competitive range of markets, comparable to some of the industry’s largest brokers. Clients can trade spot and CFDs across nearly 100 forex pairs, over 30 cryptocurrencies, precious metals, energy, stocks, and indices. Additionally, Exness provides leverage of up to 1:200 on its product offerings.

The Exness website is available in 14 languages, ensuring accessibility across the platform, from the homepage to account registration and all educational interfaces. Both web terminal platforms also offer multilingual services.

Fees & Commissions

Exness offers tight floating spreads that have been further reduced in 2024, though these can vary depending on the chosen account type. Spreads start from 0.3 pips on the Standard Cent Account and from 0.1 pips on the Standard Account, with no commissions charged on any trading volume.

The Pro Account features raw spreads with a variable commission structure per trade.

The Exness Zero (0) Spread Account provides zero spreads for 95% of the trading time. However, our review indicates that commissions are applied, starting at $3.50 per lot per side.

Popular metals, including gold, are available as currency pairs like XAU/USD. A useful spread comparison table is available on the broker’s website.

Exness also charges swap fees for positions held overnight and inactivity fees. Detailed information can be found on the company’s website.

For live spread data, refer to the trading platform.

Leverage offered to Exness clients varies by account type, instrument, and regulatory requirements. Some jurisdictions allow high margin rates, up to 1:2000. We recommend using risk management strategies when trading with high leverage to protect against significant losses.

Note that the margin call level is 30% for Pro, Zero, and Raw Spread accounts, and 60% for Standard and Standard Cent accounts. Custom stop-loss features are also available.

Mobile Application

MetaTrader 4 and MetaTrader 5 are both available as mobile apps, enabling Exness clients to open positions from an easy-to-use application from anywhere. The apps are free to download and compatible with iPhone (iOS) and Android (APK) devices. The full suite of trading features available on the desktop platform is accessible, including analytical tools and customizable charts and graphs.

Payment Methods

Deposit Review

Exness requires a minimum deposit of just $10, making it highly competitive compared to brokers like OctaFX, which requires $25, and IC Markets, with a $200 minimum. Exness does not charge fees for deposits, although third-party fees may apply. Account verification is necessary before adding funds.

Depositing into your account is straightforward and can be done within your personal trading area. Exness supports around 50 base currencies for live trading accounts, including USD, AUD, ZAR, and KWD. Accepted payment methods include EPS, cryptocurrencies, bank cards, local payment systems, and internal transfers. Cryptocurrency payments can be made using BTC and USDT.

Please note that not all payment methods may be available depending on your country of residence. Additionally, once an account is opened, the base currency cannot be changed, though new accounts can be opened in a different currency.

Withdrawal Review

Exness does not charge withdrawal fees. Minimum and maximum withdrawal limits vary depending on the chosen method, with a minimum of $6 for debit/credit card withdrawals. Clients will appreciate that withdrawals to your original payment method are often processed instantly. This is a significant advantage, as many competing brokers typically have a waiting period of up to 5 days and charge fees.

For more detailed information on deposit methods, any issues with withdrawals, or understanding exchange rates to your base currency, visit the broker’s online help center or contact customer support.

Demo Account

Exness offers a demo account available on both the MT4 and MT5 platforms, similar to competitors like XM, XTB, FBS, HotForex, IB, and JP Markets.

The demo account is an excellent tool for both new and experienced traders to test strategies without risking real money in live market conditions. Clients can use virtual funds to familiarize themselves with platform features, improve risk management techniques, and experiment with new trading strategies. A simple online registration form is all it takes to get started.

Promotions

Exness does not offer signup bonuses or promotional incentives. However, the brand may occasionally provide bonuses as part of specific campaigns. Check the official website for the latest news and offers.

Regulation

Exness operates under various licenses across different jurisdictions, providing customers with a range of safety measures, including negative balance protection, segregation of client funds, and leverage limits for retail trading.

The Exness Group entities are licensed by:

Additional Features

Exness provides comprehensive education and additional training tools designed for traders at all experience levels. Access these resources through your personal area by joining the Exness Academy. Tools include YouTube video content, VPS hosting, profit/margin calculators, an economic calendar, live news streams, and market history. Both technical research and fundamental analysis are also available.

Topics covered include weekly outlooks on major indices like the S&P 500, NASDAQ 100 (NAS100), and US30, trading ideas, minimum lot sizes for trading, understanding Exness account quotes, social trading, and more.

Social media platforms and websites like Quora, Facebook, and LinkedIn also offer helpful peer reviews and additional guidance.

Live Accounts

Exness offers several types of accounts:

The minimum deposit starts at $10, making it ideal for new traders. Typically, the minimum trade size is 0.01 lots, and the maximum trade size is 200 lots with unlimited leverage, though these may vary across instruments and markets. Additional account types are also available, including Islamic accounts that are swap-free.

Accounts can be opened within minutes via the online registration portal, with no deposit required for Standard and Standard Cent accounts. Pro, Raw Spread, and Zero accounts are activated with a qualifying deposit.

Note: You may be required to provide identity verification documents, such as proof of residence, in compliance with Know Your Customer (KYC) regulations.

Trading Hours

Exness operates according to standard business hours, following the UK’s GMT time zone. Trading is available 24 hours a day, from Monday to Friday. Typically, forex pairs begin trading on Sunday at 21:00 and close on Friday at 22:00. Trading hours may vary depending on local holidays. Be sure to check the news section on the broker’s website for a full schedule of past and upcoming closures. Trading times differ by instrument, with all details available on the broker’s website.

Customer Support

Exness provides 24/7 customer support in 14 languages, including English, Chinese, and Thai:

Currently, there is no live chat option available.

Security

Exness Group ensures a high level of safety and security for its clients. The personal area and portal access are password-protected, adhering to local data protection laws. Secure login is mirrored on the MT4 and MT5 platforms, with high-tech encryption and industry-standard data privacy.

The broker's servers are located in Amsterdam, Hong Kong, Singapore, Johannesburg, and Miami.

Exness Verdict

Exness offers opportunities for traders of various skill levels on the established MT4 and MT5 platforms. With regulation across multiple countries, including industry-recognized authorities like the FCA and CySEC, Exness provides a competitive service with various account types, low minimum deposit requirements, and an excellent educational center, contributing to a high-quality trading experience.