Exness review

Exness offers a range of account types with competitive trading fees and spreads. The broker aims to provide a favorable trading environment with low costs for its clients.

Account Types and Fees

Standard Account

• Spreads from 0.3 pips on EUR/USD
• No commission
• Suitable for all types of traders

Pro Account

• Lowest overall trading fees
• Average EUR/USD spread of 0.6 pips
• No commission
• Ideal for demanding short-term strategies like scalping and high-frequency trading

Raw Spread Account

• Spreads as low as 0.0 pips
• Minimum cost of $3.50 per trade
• Commission-based option

Zero Account

• Spreads close to 0.0 pips for top 30 instruments
• Varying commissions from $0.1
• Suitable for scalpers and algorithmic traders

Spreads and Commissions

Exness offers competitive spreads across its account types:

• Standard accounts: Spreads from 0.2 pips, no commission
• Pro accounts: Average EUR/USD spread of 0.6 pips, no commission
• Raw Spread accounts: Spreads from 0.0 pips with a minimum cost of $3.50
• Zero accounts: Spreads close to 0.0 pips with varying commissions

Forex commissions on raw spread accounts range from $0.40 to $7.00 per standard lot.

Additional Fees

• Swap fees: Eliminated for most instruments, including majors, crypto, and gold
• Deposit fees: Not charged by Exness
• Withdrawal fees: Not charged by Exness, and the broker covers third-party transaction fees
• Inactivity fees: Not charged
• Currency conversion fees: May apply in certain situations

Exness offers a range of account types with competitive fees and spreads, catering to different trading styles and strategies. The broker’s recent fee reductions and elimination of swap fees for many instruments further enhance its appeal to traders seeking a cost-effective trading environment.

Exness is a reputable and trustworthy broker that is licensed and regulated by several leading international governing bodies. The broker is committed to providing a safe and secure trading environment for its clients, and takes all necessary measures to ensure the protection of their funds and personal information.

Exness is licensed and regulated by the Financial Services Authority (FSA) in Seychelles, the Central Bank of Curaçao and Sint Maarten, the Financial Services Commission (FSC) in BVI and Mauritius, the Financial Sector Conduct Authority (FSCA) in South Africa, the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in the United Kingdom, and the Capital Markets Authority (CMA) in Kenya.

The broker is also a member of the Financial Commission, an international organization that is engaged in the resolution of disputes in the financial services industry for the forex market. The Commission acts as a neutral third party committee to fairly review and resolve complaints, and provides additional protection for traders by using the Compensation Fund.

The Compensation Fund is financed by the Financial Commission through the allocation of 10% of the monthly membership dues, and is held in a separate bank account. The fund will only be used for a judgment that has been issued by the Financial Commission, and will only cover judgments made by the Commission of up to €20,000 per client.

In addition to its regulatory compliance, Exness also employs the latest security measures to ensure the protection of its clients’ funds and personal information. The broker uses SSL encryption to protect client data, and stores funds in segregated accounts with reputable banks.

Overall, Exness is a reputable and secure broker that provides a safe and secure trading environment for its clients. The broker’s commitment to regulatory compliance and security measures makes it a reliable choice for traders looking for a trustworthy broker.

Depositing and withdrawing funds at Exness is a straightforward and efficient process. The broker offers a variety of payment options, including credit and debit cards, bank transfers, and electronic payment systems such as Skrill, Neteller, and PerfectMoney. Exness also offers the possibility to deposit and withdraw via Bitcoin and Tether (USDT) which is not common for most brokers.

Deposits are processed almost instantly, and there are no fees for depositing funds. The minimum deposit amount varies depending on the account type and the payment method, ranging from $10 to $200.

Withdrawals can be made through the same payment methods used for deposits, and there are no fees for withdrawals either. The processing time for withdrawals can take up to 24 hours, and the minimum withdrawal amount is $10.

Exness also offers an automatic withdrawal system, which allows traders to set up regular withdrawals of their profits. This system provides a convenient and hassle-free way to manage your funds.

Overall, Exness has a user-friendly and efficient deposit and withdrawal system, making it easy for traders to manage their accounts and access their funds.

By regulation, every new client must go through some basic compliance checks to ensure that you understand the risks of trading and are admitted to trading. When you open an account, you will probably be asked for the following items, so it is good to have them handy: A scanned colour copy of your passport or national ID A utility bill or bank statement from the last six months with your address You will also need to answer a few basic compliance questions to confirm how much trading experience you have. It is therefore best to take at least 10 minutes to complete the account opening process. Although you can explore the demo account immediately, it is important to note that you cannot make any real trading transactions until you have passed compliance, which can take up to several days depending on your situation.

How to close your Exness Account?

To terminate an Exness account, follow these steps:

• Submit an email to Exness at support@exness.com using the account holder’s registered email address, including the account number, support PIN, and reason for termination.
• Once the application is received, you will receive an email (within 5 business days) regarding the termination date and a verification call to confirm the request.
• On the day of termination, you will receive an email that your account has been terminated, along with account statements for all active accounts for the past 30 calendar days.
• Once an account is terminated, you are obligated to close all your open positions and will not be able to open new positions.
  It is important to note that if the balance of your trading account is in your favor, then such balance will be paid to you as reasonably practicable and a statement of account will be sent to you.

Exness offers a variety of trading accounts to suit the needs of traders of all levels. The available account types include Standard, Raw Spread, Zero, and Pro accounts, each with its own unique features and benefits. Standard accounts are commission-free and suitable for new traders, while Raw Spread and Zero accounts offer low spreads and a fixed commission. Pro accounts provide instant execution and no commission charges. All account types support trading in forex, metals, cryptocurrencies, energies, stocks, and indices. Additionally, Exness offers swap-free accounts and Islamic accounts for clients who follow Sharia law.

To terminate an Exness account, follow these steps:

• Submit an email to Exness at support@exness.com using the account holder’s registered email address, including the account number, support PIN, and reason for termination.
• Once the application is received, you will receive an email (within 5 business days) regarding the termination date and a verification call to confirm the request.
• On the day of termination, you will receive an email that your account has been terminated, along with account statements for all active accounts for the past 30 calendar days.
• Once an account is terminated, you are obligated to close all your open positions and will not be able to open new positions.
  It is important to note that if the balance of your trading account is in your favor, then such balance will be paid to you as reasonably practicable and a statement of account will be sent to you.

Exness is known for its excellent customer service. The company offers support in over 13 languages, including English, Chinese, Arabic, and Spanish, and provides 24/7 customer support via email, phone, and live chat.

Exness also offers a personal account manager service to its clients, providing dedicated support to help traders achieve their goals. Additionally, the broker provides educational resources, including webinars and tutorials, to help traders improve their knowledge and skills.

Overall, Exness has a reputation for providing high-quality customer service, with a focus on helping traders achieve their goals and providing the support and resources they need to succeed.

The Exness Trade app is designed for mobile trading and is available for both iOS and Android devices. The app allows you to manage your trading accounts, view real-time market data, and place trades on-the-go. It also features a user-friendly interface and a range of analytical tools to help you make informed trading decisions.

• Exness Terminal is a desktop trading platform that offers advanced charting capabilities, multiple order types, and a customizable interface. The platform is available in both MetaTrader 4 and MetaTrader 5 versions, depending on your trading preferences.
• MetaTrader 5 is a popular trading platform that is known for its advanced features and functionality. It offers a wide range of trading tools, including technical indicators, charting capabilities, and automated trading strategies. MetaTrader 5 also allows traders to access a wide range of financial markets, including forex, stocks, and futures.
• MetaTrader 4 is another popular trading platform that is widely used in the forex industry. It offers advanced charting capabilities, a customizable interface, and a range of order types to help traders execute trades with precision. MetaTrader 4 also supports automated trading strategies and allows traders to access a wide range of financial markets.
• MetaTrader WebTerminal is a web-based trading platform that allows traders to access their trading accounts from any web browser. The platform offers a range of advanced trading tools and features, including charting capabilities, technical indicators, and automated trading strategies.
• MetaTrader Mobile is a mobile trading platform that is available for both iOS and Android devices. It offers a user-friendly interface and a range of advanced trading tools, including technical indicators, charting capabilities, and automated trading strategies. The platform also allows traders to manage their trading accounts and place trades on-the-go.

Overall, Exness offers a wide range of trading platforms and tools to meet the needs of traders at all levels. Whether you prefer to trade on-the-go with a mobile app or use a desktop platform with advanced charting capabilities, Exness has a platform to suit your needs. Additionally, the MetaTrader 4 and MetaTrader 5 platforms are widely recognized as some of the best trading platforms in the industry, offering advanced features and functionality to help traders execute trades with precision and ease.

Exness offers over 200 financial instruments across six categories: forex, metals, energies, indices, cryptocurrencies, and stocks. With Exness, traders have access to major currency pairs, popular cryptocurrencies like Bitcoin and Ethereum, precious metals like gold and silver, and leading stocks such as Amazon, Tesla, and Facebook.

• Forex: Over 97 currency pairs
• Metals: Gold, silver, palladium, and platinum
• Cryptocurrencies: 35+ digital currencies
• Energies: Brent and WTI crude oil, natural gas
• Indices: 10 global indices
• Stocks: 120+ US and EU stocks