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EXNESS review
By
9 mins read
Overview
Our 5-step process of verification and evaluation – How do we obtain information?
General inspection – 30%
Trading experience – 30%
Technical audit – 20%
Collective experience from collaborations with the broker – 10%
Interviews with real traders – 10%
See the entire process here.
Pros
Specialized trading accounts for new and experienced traders
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Free VPS hosting, which any trader can qualify for by trading for at least 14 days with a lifetime deposit of $500 3. 24/7 instant money withdrawal
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Narrow spreads across trading accounts
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No hidden commission fees
Cons
The Exness Training resource section is only available in English, limiting traders who don’t understand English from accessing it.
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Customer service is unavailable 24/7 in every language.
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Unavailable to retail clients in the UK and some US territories.
General details
+35725008105
Customer reviews
score
Read real reviews from traders all over the world:
EXNESS ACCOUNT TYPES
Exness account types are specifically designed for beginners and professional traders; the broker also caters to specific religious regions. Exness trading accounts include:
Standard
The Standard account is specifically designed for beginners as it is the most accessible account on Exness because of its trading simplicity. The account is commission-free with a spread of at least 0.3, a minimum lot size of 0.01, and a maximum lot size of 200 (7:00 – 20:59 GMT+0) and 20 (21:00 – 6:59 GMT+0). Traders have access to unlimited positions to trade forex, metals, cryptocurrencies, energies, stocks, and indices.
Standard Cent
The Standard Cent account is also ideal for beginners; however, the trading volume here is measured in cents. The account is commission-free with a spread of at least 0.3, a minimum lot size of 0.01, and a maximum lot size of 200 (7:00 – 20:59 GMT+0) and 20 (21:00 – 6:59 GMT+0). Traders have access to 1000 maximum positions to trade forex and metals.
This account is an Exness micro account and is unique to Exness broker because it uses cents lots, a unique way of measuring the trading volume as cents instead of 1 unit of the base currency. Therefore, 1 cent lot is $1000 instead of $100,000 used for standard and professional accounts. The Exness micro account minimum deposit for a standard cent account depends on the Exness minimum deposit for your payment method which is usually for $10 for most methods.
Raw Spread
The Raw Spread account is ideal for professional traders. The minimum deposit here is $200 with a spread of 0.0 upwards. The commission is up to $3.50 for each side per lot, and its maximum leverage is unlimited. The minimum and maximum lot size is 0.01 and 200 (7:00 – 20:59 GMT+0), and 20 (21:00 – 6:59 GMT+0), respectively. On this account, there is no limit to the number of positions, and tradable instruments are forex, metals, cryptoсurrencies, energies, stocks, and indices.
Zero
The Zero account is ideal for professional traders. The minimum deposit is $200 with a spread of 0.0 upwards. The commission on this account starts from $0.01 per lot with unlimited leverage. The minimum and maximum lot size is 0.01 200 (7:00 – 20:59 GMT+0), and 20 (21:00 – 6:59 GMT+0), respectively. There is also no limit to the number of positions on this account, and tradable instruments are forex, metals, cryptoсurrencies, energies, stocks, and indices.
Pro
Yet another account ideal for professional traders. The minimum deposit here is $200 with a spread of 0.0 upwards. Pro Exness account types are commission-free with unlimited maximum leverage. The minimum and maximum lot size is 0.01 and 200 (7:00 – 20:59 GMT+0), and 20 (21:00 – 6:59 GMT+0), respectively. The positions on this platform are equally unlimited, and tradable instruments are forex and metals.
Demo Accounts
Exness provides demo accounts of its MetaTrader and Trading Terminal platforms. This account offers real-time prices and replicates real-time market conditions with assets such as forex and CFDs on stocks, commodities, and indices.
Islamic Accounts
This is a swap-free account available only to citizens of Islamic nations where the Sharia law is practiced.
Tradable instruments on Exness trading platforms include:
Find the right answer to your question below.
Exness is not a scam because it complies with the relevant legal standards and authorities mentioned above.
Visit Exness and select “Open account” from the menu at the top of the page.
No, nationals and residents of the USA cannot use Exness Forex Broker. This means that you can’t use the broker even if you’re a USA national living in a non-restricted country. Exness reviews gathered that Exness also don’t accept national and residents of other countries like Puerto Rico, American Samoa, and Howland Island.
The broker doesn’t place any limitations on deposits but there are certain restrictions based on the bank deposit method, the account type, and your country. Therefore, you should take note of the available exness deposit methods in your country before choosing a deposit method. The Exness minimum deposit requirement varies based on the deposit option starting as low as $10 and going as high as $10000.
*At Exness we do not place any limitations on the amount you deposit. (source)
Below are the exact steps to follow to install Exness Metatrader 4
Step 1: Download the MT4 installation file
Step 2: Run the file from your browser or double-click the installation file from where it downloaded.
Note that You can modify where you install MT4 by clicking Settings for your preferences, or simply click Next to agree to the End-User License Agreement and continue.
Yes. Exness spreads are quite competitive, with 0.0 pips on its Raw Spread and Zero Account for 95% of the trading day, 0.1 pips on the Pro Account, and 0.3 pips on the Standard Accounts. Exness Pro Account has the best spread offering of 0.1 pips, with no commission fees.
You can create an Exness Real Account by following the step below.
Here is how to register on the web
Step 1: Visit Exness.com.
Step 2: Click on Open Account.
Step 3: Select your country of residence; this cannot be changed and will dictate which payment services are available to you. For example, the broker support local payment for traders with Exness ZAR accounts.
Step 4: Enter your email address.
Step 5: Create a password for your Exness account following the guidelines shown.
Step 6: Finish setting up your account
Withdrawal requests are processed instantly on Exness. However, it may take 7 to 10 business days for the funds to reflect in the trader’s preferred account, especially if the exness maximum withdrawal request is $100. Please note that the exness withdrawal time may be faster for South African clients.
To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page.
- Overall verdict
- Trading
- Minimum deposit
- Maximum leverage
- Fees
- Withdrawal fee
- Deposit fee
- Safety
- Top-tier regulators
- Investor protection
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4.9/ 5
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4.9/ 5
- $10
- 1:2000
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4.8/ 5
- $0
- $0
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4.6/ 5
- N/A
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No
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See review
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4.9/ 5
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5/ 5
- 10$
- N/A
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4.8/ 5
- 1.5%
- N/A
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4.9/ 5
- N/A
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Yes
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See review
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4.5/ 5
-
4.5/ 5
- $10
- N/A
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4.5/ 5
- $0
- N/A
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4.5/ 5
- N/A
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No
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See review
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Specialized trading accounts
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Free VPS hosting
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24/7 instant money withdrawal
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4.5/ 5
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4.6/ 5
- N/A
- N/A
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4.3/ 5
- N/A
- N/A
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4.7/ 5
- N/A
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No
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See review
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4.1/ 5
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4.9/ 5
- N/A
- N/A
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4/ 5
- N/A
- N/A
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4/ 5
- N/A
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No
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See review
