In our Exness Review, we cover Exness bonus, MT4, Exness forex, deposit & withdrawal, and account types. Compare it to other Forex brokers before deciding if Exness has the features you are looking for in a Forex broker and give your rating after reading the full reviews.
Established in 2008, the Exness Group (Exness) maintains two entities with regulatory status in the European Union (EU): Exness UK Ltd, regulated by the Financial Conduct Authority (FCA) in the United Kingdom (UK) and Exness (Cy) Ltd, controlled by Cyprus Securities and Exchange Commission (CySEC), with passports in several EU Member States.
Exness offers an accessible suite of transaction platforms developed by MetaQuotes Software Corporation, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The broker provides many types of accounts and access to 104 currency pairs and eight metal contracts.
This system offers several types of accounts and methods of implementation, in which commissions and fees vary. A minimum deposit of USD 2,000 is essential for the Classic MT4 account. However, the spreads are slightly lower than for the Mini account.
In our Exness Review, we find that they provide you with the opportunity to trade CFDs and FX using the MT4 and MT5 platforms, depending on the Exness entity you want to trade with. MT4 is available on all of them, but MT5 is available on Exness (Ltd) alone.
Each of the platforms comes to you with desktop and mobile versions. If you have multiple accounts to manage, you will be provided with a multi-terminal.
As a desktop client, you will have a version for Windows and Mac computers. After you download the platforms, you will have to enter the live account details or the demo account details, so that you use the one that is appropriate at the time of joining.
Exness Spreads and Fees
Like many brokers, Exness takes their fee from the spread. The commission and spreads are listed on the Exness website, and you will find them here: https://brokernotes.co/visit/exnessreviewspreads/.
You will find how much they charge and how that compares to the competitors that you may be considering to use for your FX activities.
However, a quick look at the EUR/USD pips stands at 1.1, and that means they are relatively high when compare to the average, which stands at 0.70. As you will find out, this might be a deal-breaker that many will not be able to get past in this Exness review.
Exness Executing Speeds
Eexness will allow you to execute a trade of 0.01 lot. This might vary, depending on the account you will open. The maximum trade is 200 lots. As Exness has STP and ECN execution, you will find that the spreads are tight with more transparency about the price.
As a market maker, Exness has lower entry requirements when compared to an ECN broker who has a higher volume of trades and more significant capital requirements. As the Exness review shows, there is a lot to gain from the market transparency that you will get when you use Exness.
Exness Extra Features and Capabilities
Exness review research shows that they offer analysis mainly in the form of third-party content, including headlines from Dow Jones News on transaction platforms and content from the Shopping Center, including Trading Central WebTV, which has daily video content.
Moreover, this service also offers TC (Technical Analysis) Trading Indicator from Trading Central and the economic calendar. The broker lacks internal content. However, the last post in the Analytics section has not been updated since the beginning of January 2018.
Although the scope of external Exness research is satisfactory, it could significantly improve its internal research offer.
Exness Customer Support
They support a wide range of languages that include; English, Russian, Chinese, Urdu, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, and Spanish. Exness has a BrokerNotes Double AA support rating because of how excellent the support is, for users.
Besides, they offer mobile applications for iOS and Android platforms on MetaTrader platforms. They are available directly from developers in the iTunes Store and the Google Play store.
Exness Details Overview
|Established: 2008||Website: https://www.exness.com|
|Address: F20, 1st floor, Eden Plaza, Eden Island, Seychelles, Seychelles.||Minimum to Open Live: $1|
|Prohibited Countries: Australia, Canada, Ethiopia, Gibraltar, Iran, The European Union, Iraq, Israel, Malaysia, New Zealand, North Korea, Palestine, Russia, Saint Vincent and Grenadines, Somalia, South Sudan, Syria, United Kingdom, USA, Vanuatu, and Yemen.||Regulators: Exness Group (Exness) maintains two entities with regulatory status in the European Union (EU): Exness UK Ltd, regulated by the Financial Conduct Authority (FCA) in the United Kingdom (UK), and Exness (Cy) Ltd, regulated by the Cyprus Securities and Exchange Commission (CySEC).|
|Minimum Trade Size: 0.01||Regional Offices: Cyprus.|
|Maximum Leverage: 1:2000||ECN: Yes.|
|Mobile Trading: Available||Currencies: 115+|
|Trading Platforms: MT4, MT5, and WebTrader.||Cryptocurrencies: 5+|
|Robots: Available.||CFD: 130+|
|Scalping: Allowed||Web Trading: Available|
|Deposit Methods: : VISA, MasterCard, AstroPay, Bitcoin, Boleto, CASHU, FasaPay, Local Bank Deposits, Local Bank Transfers, Neosurf, Neteller, Oxxo, PerfectMoney, Skrill, Tether, WebMoney.||Withdrawal Methods: VISA, MasterCard, Bitcoin, Neteller, PerfectMoney, Skrill, Tether, WebMoney.|