Exness: Your Complete Guide and Review

Exness is a broker that is part of the larger Exness group founded in 2008. It has managed to carve a market for itself and rank among the top online brokers for forex in the world. By end of 2019, it had managed to have 72 721 active traders from all across the world per month. The total trading volume for the end of that year was $325.8 billion with traders engaged in several instruments like forex, metals, energies, cryptocurrencies, and stocks.

It's managed to secure long-term success for itself by dedicating time for development and customer satisfaction. All services offered are continuously improved for traders to have a pleasant time as they continue placing trades. You can translate the website to any of the 15 languages accepted by this broker. Customer service is available in 13 languages and you can contact them 24/7.

Is Exness a Reliable Forex Broker?

When choosing a broker to register with and start placing trades, reliability is one of the main issues you should address before making any decisions. This is a platform that has gone to great lengths to prove its reliability to its users and managed to win them over. To be in business for more than a decade and still experience growth means many traders use Exness as their broker of choice.

The impressive annual turnover is proof of that. This is mainly driven by the fact that it strives to give customers the most excellent services. Honesty and transparency are its two main driving forces to ensure it meets all industry standards.

The platform is regulated and licensed to operate by FSA (Financial Services Authority) in Seychelles under the official license number SD025. FSA is charged with the mandate to license, enforce and regulate any online trading platform. This is achieved by monitoring its activities and ensuring it complies with all set regulations.

Another regulator is CySEC that regulates Exness in Cyprus under the official license number 178/12. FCA in the UK also plays a regulatory role in this broker with the financial service registration number 730729.

Types of Accounts

This broker allows you to choose between two types of accounts depending on the level of trading skills you possess.

Standard Account

The standard account charges no commissions and best suits new traders. That doesn't mean an experienced trader can't use it as well. There are no requites for this trading account and the spreads are stable.

It's the most popular type with most of the users preferring to use it, especially when starting from the demo account. The accepted minimum amount you can deposit is $1 which is quite low as compared to other brokers in the market. You can get a leverage of up to 1:2000 on the various instruments of trade.

The trading instruments accessible here are cryptocurrencies, forex, energies, indices, and metals. Expect a spread of 0.3 on the standard Exness account with the lot size having a minimum of 0.01. Traders are allowed an unlimited number of positions with a hedged margin that's 0% for other trade instruments apart from crypto that has a 100% margin. There is a swap-free account available for Muslim traders.

Professional Account

For traders with more experience who want to get right down to business, this is the type of account for you. You can use the MT4 and MT5 platforms for these types of accounts enjoying all the benefits they provide traders. The minimum amount you can deposit into this account is $500 with a leverage of up to 1:2000 similar to the standard account leverage. The trading instruments accessible here are cryptocurrencies, forex, energies, indices, and metals.

Raw Spread Account

This account charges a fixed commission that's also low with equally low spreads. The minimum amount to open such an account is $500 with a leverage of up to 1:2000. The trading instruments accessible here are cryptocurrencies, forex, energies, indices, and metals. The commission charged/lot per side is $3.50 with a spread starting from 0.0.

The minimum lot size expected here is 0.01and the maximum is 7.00. There is an unlimited number of maximum positions. The hedged margin for crypto is 100% and for the other instruments is 0%. Get a margin call of 30% and a 0% stop out. There is a free swap to an account acceptable by a Muslim trader.

Zero Account

This account charges a fixed commission with no spreads for 95% of the day of trading with a limit of 30 pairs. The minimum amount to open such an account is $500 with a leverage of up to 1:2000. The trading instruments accessible here are cryptocurrencies, forex, energies, indices, and metals. The commission charged/lot per side is $3.50 with a spread starting from 0.0.

The minimum lot size expected here is 0.01and the maximum is 7.00. There are an unlimited number of maximum positions. The hedged margin for crypto is 100% and for the other instruments is 0%. Get a margin call of 30% and a 0% stop out. There is a free swap to an account acceptable by a Muslim trader.

Pro Account

No commission is charged on this type of account and it's fast in its rate of execution. The minimum amount to open such an account is $500 with a leverage of up to 1:2000. The trading instruments accessible here are cryptocurrencies, forex, energies, indices, and metals. The commission charged is 0 with a spread starting from 0.1.

The minimum lot size expected here is 0.01and the maximum is 7.00. There are an unlimited number of maximum positions. The hedged margin for crypto is 100% and for the other instruments is 0%. Get a margin call of 30% and a 0% stop out. There is a free swap to an account acceptable by a Muslim trader.

MetaTrader Platforms for Exness

You can get three platforms for trading on this broker. All of them are accessible for download on your desktop, laptop, iOS, and Android devices. The three are MT4, MT5, and Web Terminal.

MT4

This is a type of platform used by many traders from all over the world every day while placing trades. It's available on this broker and ideal for use by both beginner and professional traders who range in their level of experience. You can trust that it has all the features you need for a good trading experience on this platform. Get to use all the analysis tools for trade it offers, together with a flexible application for strategies. You can use the strategies here or the ones you've created.

Through it, you get to trade on several instruments offering you a chance to diversify your portfolio. There are CFDs, Forex, and Cryptocurrencies. This gives you a chance to take part in trading without any worry or concern. Make use of all the educative materials including the webinar to learn as much as you can on the MT4 to use it to the fullest. You can apply all you learn on the MT4 demo account for starters before advancing to live trading accounts.

Features of the MT4 platform are:

• Reliable interface that is user-friendly and works for both beginners and experienced traders.
• It keeps your machine or device working at a good pace with minimal interference.
• Customizable platform to suit all your requirements for developing individual advisors who are experts together with technical indicators
• Access to various trading currency pairs, CFDs, and cryptocurrencies
• Utilize all charting tools that are advanced to analyze how the market is performing at the present
• Ability to translate into many languages
• Improved safety standards for keeping all your info and funds secure
• Compatibility with Windows, Linux, and Mac OS for the web-platform
• Allows traders to conduct their business 24/7 worldwide.

MT5 Platform

This is an easy software to download free of charge onto any device that you have and use it for trading from anywhere at any time. With this platform, you can trade on CFDs, Indices, and Forex easily because it has some of the best functions of any other platform. You can use it to analyze the market and use all the technical tools for great trading experience.

Soon MT5 will completely replace MT4 due to the great advances made to it by its developers. Use some of the fastest functions for back-testing beating those of the MT4. You can test multiple pairs at the same time. The interface is similar to that of the MT4 helping you transition easily from one to the other. The number of tools for technical analysis is significantly higher than what other platforms offer. Also, there's an increase in options for charting and timeframe.

Features for this platform are:

• Use the 8 pending order types that get you a level of control that is more precise over all the positions that are open.
• Trading in cryptocurrencies where it takes place as position or intra swing. You can even use scalping due to a new feature for hedging available on this platform.
• There is precise segregation on MT5 for transaction, position, and order terms.
• Use the economic calendar to stay on top of all crucial events, real-time indicators, and data of the whole financial market
• The EAs are improved with MQL Forex that's integrated with product tabs for the market.
• You can open a new position with one simple click simplifying the whole process
• Take advantage of time frames for charting numbering over 21, chart structuring that has 9 tools added to it, and many more technical tools at your disposal.

Web Terminal

This is the web version of both the MT4 and MT5 software that you can access directly on the Exness website without needing to download it first onto your device. The time it takes to install this software on your device is best spent trading because all you need is to access this web terminal once you register a trading account. It has an easy to use and friendly familiar interface that is straightforward.

You transition smoothly from the desktop website to the web terminal without any complex processes that can be unnerving. This is a fast version and is created by the same people to made MT4 using HTML5. It uses the latest encryption systems to safeguard all the information. You get the best services from it including quotes in real-time, price charts that you customize, and analytical objects that meet basic specifications.

Trading Instruments

The trading instruments that this broker has enable you to trade on a global scale from the comfort of your home or office. You can trade in Indices, Energies, Currency pairs, Stocks, Metals, and Cryptocurrencies.

CFD Indices

You can trade CFDs as well which focuses on the stock market and no other commodities. As a trader, your main goal is speculating the movement of price in the stock market like the Dow Jones or FTSE 100.  These are some of the most common indices and contain single shares ranked by institutions that are independent. Examples of such institutions are big banks and companies which specialize in a certain field.

Specific major events are responsible for the movement witnessed in indices including major shifts in economies, political events that shape nations, etc. Benchmark indices are used to measure the health of a specific country or region which is dominant indices in the marketplace. Top markets are the ones that bear the major indices of trade worldwide. They are NASDAQ 100, CAC 40, NIKKEI 225, DAX, Dow Jones, among others.

Energies

The main energies traded across the world are oil, gas, coal, etc. these are the main energy sources in the world and cause major market fluctuations when they're high or low in demand and supply. Oil is the main energy influencing a lot of the world trade as many nations are not oil producers but rather major consumers. Oil powers the economy of the world and any shift in pricing reflects heavily in trade.

Forex

Forex is short for Foreign Exchange which is an international market where trading of currencies takes place. This market has no physical headquarters and only takes place online. The currencies can be regional like Euro (EUR) or national like the British Pound (GPB).

The top currencies in the world experience the bulk of trade on this market and are USD, GPB, EUR, JPY, etc. Trading takes place when a rate of exchange is determined by the forex for certain currency in the market. Currencies are always traded as a pair and never as a single currency. An example of this is GBP/USD with a rate of exchange of 1.2534.

When the market opens, traders exchange currencies by opening deals and exchange opposite currencies to close the deal. Profit is derived from the difference between the two currencies which can be significant with the right timing earning you much more. The best way to start learning how to trade in forex is to open a Demo account and practice without using any real money that you can lose. Here you trade without risking any investment until you gain confidence in your skills. Then you can move on to a standard account.

Metals

The most precious metal such as gold as silver has been used for the longest time in trade and it' no wonder they keep growing in value. They're rarely affected even by changes in the economy which is why many traders choose them as additional parts of their investment portfolio. These metals are not susceptible to inflation and remain unbothered despite the rate it grows.

These metals are accepted in all parts of the world without any limitations making them a safe option for investment especially for a beginner in online trading. The two, gold and silver, are referred to as spot metals and traders use specified charts for them for trading purposes.

How to Open an Account on Exness

Setting a trading account is easy. This is why this platform is reliable and many traders flock to it. You only need a few minutes to complete the registration process.

• Launch a blank browsing page and input the Exness website www.exness.com
• Once the homepage loads, navigate to the top right corner and click on 'New Account'
• Select your Country of residence and fill in your email
• Choose a unique password that meets the specifications given
• Click on the check box to confirm you're not a US citizen for tax purposes
• Click on 'Continue'.
• Fill in all the requested information and choose the platform you prefer to use.
• Click on 'Continue' once you select the trading platform then you review the summary of your account
• Use the accepted methods to deposit money into your new trading account

How to Deposit and Withdraw Money

For deposits and withdrawals, you should click on 'Trading' on the homepage then scroll down and click on them. There are various methods you can use to fund or withdraw money from your trading account. Opt for Tether, Bitcoin, Online Bank Transfer, Visa, Mastercard, Maestro, Astro Pay, Perfect Money, Neteller, WebMoney, Skrill, and Internal Transfer. They are the same ones to use when you withdraw profits as well.

There are minimum amounts accepted by each method so have that in mind while choosing the one to use. No commissions are charged on the listed methods and they take little time for the money to reflect in your trading account.

The transactions take place 24/7 and withdrawals reflect in your personal account in 24 hours.

How Exness is Different from Other Brokers?

This platform has taken time to compile educative materials for its beginner and even advanced users to use. You can never learn everything and with constant changes in the market, it's best to be in the loop always. In the Education section, you get an Academy where beginners are trained on all matters of online trading. With this information at hand, you can open a demo account to practice all that you learn.

Also, you have a section for analysis and insight on all the trade instruments and the industry as a whole. The latest news from the market keeps you in the loop as you make important trades daily. The webinar and glossary section is just as important filling you with valuable knowledge.

Pros

• Detailed Education section for beginners and experienced traders
• Licensed and regulated to operate as a broker
• Reliable, honest, and safe employing the latest security systems
• Good customer services available 24/7

Cons

• Longer payout time of 24 hours

Exness FAQ

⚖️ Is Exness regulated in India, South Africa, Nigeria, Kenya, and other countries?

Yes, it is regulated and licensed to operate in these and numerous other countries.

🙋 How to Open a Demo Account?

Opening a demo account is easy as all you do is click on 'New Account' on the homepage then fill in the information as requested. Click on continue and specify you want a demo account.

🔐 How Can One Close an Exness Account?

The best way is to remove your account from the Personal Area. Click on the icon above the account you want to close. It's grey. Choose to 'Block Account' which removes the account.  

📱 Does Exness have an app?

Yes, there is an app available to download on any of your iOS and Android devices. It has over 130 trading instruments on it among all other functions found on the website.

🌐 How languages can one translate the website into?

15 languages

❓ How many platforms are available on Exness?

Use MT4, MT5, and Web Terminal

💵 What methods can be used to deposit and withdraw money from Exness?

The methods you can use are Tether, Bitcoin, Online Bank Transfer, Visa, Mastercard, Maestro, Astro Pay, Perfect Money, Neteller, WebMoney, Skrill, and Internal Transfer

Conclusion

Overall this is a reliable and honest platform that takes extensive measures to keep its users safe and secure as they trade. By being fully licensed and regulated, it takes great measures to constantly improve the services rendered to its customers who trade daily. You can open a trading account in a few minutes and use various methods to deposit money into it. Withdrawals are processed within 24 hours which slower than other brokers who process payouts in a few hours.

Risk Warning

We understand the Forex industry is huge and volatile for people who lack basic knowledge about online trading. If you are a beginner, you should make this site your companion (and please practice trading skills on free demo accounts, don't invest real money if you are beginner: remember, Forex trading, as long as trading binary options, crypto or CFDs, carries a risk of losing money due to leverage. About 77% of retail investors lose money when trading CFDs). Read in other languages: RU.