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Exness Review

Exness has hundreds of thousands of active clients, as well as trillions in trading volume of April of 2022. The broker offers a wide range of assets, including Forex, Crypto, Metals, Energies, and more, to its clients. The award-winning broker also has a variety of account types that will suit every trader’s individual needs.

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Exness Pros & Cons

Pros

  • Competitive Spreads
  • MetaTrader Suite Available
  • Swap-Free/Islamic Account Provided
  • High Maximum Leverage

Cons

  • No Bonuses/Promos
  • No USA Clients Permitted

Who Is Exness Recommended For?

Exness is recommended for traders with some knowledge of the industry, as this broker does not offer many “how-to” resources that would be helpful to a beginner. You can still sign up with Exness if you’re a novice; just note that you’ll have to learn your basics elsewhere. Advanced and intermediate traders will appreciate this broker’s variety of account types and MetaTrader suite. 

Regulated By

  • Cyprus Securities and Exchange Commission (Cyprus)
  • The Financial Conduct Authority (United Kingdom)

Top Exness Features

  • Instant Withdrawals. One feature that Exness is proud of is its instant withdrawals. According to this broker, you can carry out a withdrawal in just seconds. No manual processing is necessary, and withdrawals are instant even on the weekends. 
  • Free VPS Hosting. If you want fast, reliable execution, Exness has free VPS hosting. The uninterrupted internet coverage will safeguard against issues that could interrupt your trading. 
  • Comprehensive Price History. Exness allows clients to access a historical archive of all price tick data. The broker draws this archive from its real-time pricing. Just go to https://www.exness.com/tick-history/, select an instrument and time period, and click to download a zip file with past bid/ask prices.
  • High Trade Volume. Exness has a brag-worthy trade volume. As of April of 2022, it boasted $2.105 trillion in total trading volume. There are 281,270 active clients as of April of 2022, and these clients made a total of $870 million withdrawals in the first quarter of 2022. 
  • Transparent Broker. Exness is a transparent broker. In addition to being regulated by several different organizations, it also makes its reports publicly-available so that clients can view its audits and performance indicators. You can access these reports at https://www.exness.com/financial-reports/.

Exness Overview

  • Type of Broker Market Maker
  • Regulation & Licensing FSA, CySEC, FCA, FSCA, Central Bank of Curacao and Sint Maarten, FSC
  • Clients Accepted from See Banned List in Q&A
  • Assets Offered Forex (97), Metals, Cryptocurrencies (35), Energies, Stocks, Indices
  • Platforms Available Web, Download, Mobile
  • Mobile Compatibility iOS, Android
  • Payment Types Accepted EPS, Cryptocurrency, Bank Cards, Local Payment Systems, Internal Transfers

Trading Platforms

  • The Exness Trader App by Exness
  • Exness Terminal by Exness
  • MetaTrader 4 by MetaQuotes Software Corp.
  • MetaTrader 5 by MetaQuotes Software Corp.

Exness Compliance & Regulation

There are a few regulatory bodies to note with this broker, as it is regulated based on its location. Below are all of Exness’ governing bodies: 

  • Exness SC Ltd.: Financial Services Authority (Seychelles)
  • Exness CY: Cyprus Securities and Exchange Commission (Cyprus)
  • Exness UK: Financial Conduct Authority (United Kingdom)
  • Exness ZA Pty Ltd: Financial Sector Conduct Authority (South Africa)
  • Exness B.V.: Central Bank of Curacao and Sint Maarten (Curacao and Sint Maarten)
  • Exness VG Ltd: Financial Services Commission (British Virgin Islands)

Exness Pricing

There are no management fees with Exness, and you can open an account for free with this broker (though your deposit will be between $10 and $200, depending on the account you open). Though there are no fees for deposits or withdrawals, be advised that there may be miner’s fees for crypto payments, Perfect Money, Skrill, and USDT deposits. 

Service Details

  • Date Founded 2008
  • Offices Cyprus, U.K., South Africa, Seychelles, British Virgin Islands
  • Server Locations Amsterdam, Hong Kong, Singapore, Miami, Johannesburg

Exness Reliability & Security

Exness has several account-security tools that help protect against hacking. These tools include security types and a support pin. Security types are secondary account verifications, such as a six-digit code to confirm and action. This code is sent to your chosen method (phone, email, or, depending on your country, TOPN). A support PIN is a unique combination that Exness uses to verify account owners when they contact customer support. 

Generally, this broker appears to be well-reviewed, though it was deemed “Average” on TrustPilot. They have received average-to-favorable ratings from websites like: 

  • TrustPilot: 2.8/5 
  • Forex-Ratings: 3/5
  • 55Brokers: 5/5
  • FXEmpire: 4.4/5
  • SAShares: 4.7/5
  • TopBrokers: 3.9/5
  • ForexBrokers.co: 9.1/10
  • WikiFX: 9/10

Exness User Experience

Exness has won a lot of accolades, and this speaks to its customer experience. It was the first broker to exceed $1 and $2 trillion benchmarks in monthly trade volume, and it has been given several awards, including: 

  • “Best Customer Support” – Financial Markets Expo, Cairo, 2021 
  • “Premium Loyalty Program Award” - Financial Markets Expo, Cairo, 2021
  • “Most Innovative Broker” – Dubai Expo, 2021 
  • “Most People-Centric Broker” – Traders’ Summit, 2021
  • “Global Broker of the Year” – Traders’ Summit, 2021

There are several trading platforms with Exness, allowing you access to the broker via mobile phone, web, and download. It is always a positive sign when a broker has a variety of platforms, as these allow you to trade from a desktop at home as well as on-the-go.

Exness provides a range of assets to its traders in the categories of Forex, Metals, Cryptocurrencies, Energies, Indices, and Stocks. Here are some details about each asset class and what it includes: 

  • Forex: 97 Pairs
  • Metals: Silver, Palladium, Platinum, and Gold 
  • Cryptocurrencies: 35 Cryptos with Up to 1:400 Leverage, 24/7 Trading 
  • Energies: Crude Oil, Crude Oil Brent, and Natural Gas 
  • Indices: Down Jones Industrial Average, FTSE 100, S&P 500, etc. 
  • Stocks: Google, Tesla, AliBaba, Amazon, Intel, etc.

Final Thoughts on Exness

Exness’ accolades speak for themselves. This broker has done well at awards shows, and it is easy to see why. They have competitive spreads, low fees, and low costs of trading that will allow you to minimize the impact to your wallet while potentially maximizing profit. 

Trading Platform Screenshots

Contact Info

laptop Website: www.exness.com
laptop Email: support@exness.com
call Telephone: +357 25 030 959
location_on Company Address:
Siafi Street, PORTOBELLO, Office 401, 3042, Limassol, Cyprus

Exness FAQs

Q: Where is Exness not permitted? 
A: Exness is prohibited in the United States of America, American insular areas (American Samoa, Baker Island, Guam, Howland Island, Kingman Reef, Northern Mariana Islands, Midway Islands, Wake Island, Palmyra Atoll, Jarvis Island, Johnston Atoll, Navassa Island, United States Minor Outlying Islands), Vatican City, Puerto Rico, Marshall Islands, and the U.S. Virgin Islands. Exness also does not accept residents of the following countries: New Zealand, Canada, Australia, Vanuatu, Seychelles, Russia, Israel, Iraq, Syria, Yemen, Palestinian Territory, Iran, North Korea, Malaysia, all EU countries, Gibraltar, Curacao, the United Kingdom and others. If you’re a national of these countries, you can still trade with Exness provided that you live in a permitted country. 

Q: What languages does Exness’ customer service speak?
A: You can access support in English, Chinese, Thai, Indonesia, Arabic, Hindi, Urdu, Bengali, Vietnamese, Japanese, Korea, French, Spanish, Portuguese, and Russian. Click here https://www.exness.com/contacts/ for information on support hours. 

Q: Is it easy to open an account with Exness? 
A: According to the broker, it takes around just three minutes to open an account and begin trading. Note: you will need proper verification documents.

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