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Founded in 2008, Exness has managed to stand out as one of the most reputed brokers in the industry with its customer-centric trading solutions. This Exness Review will give you an in-depth outlook on this CFD-specialised broker.
The broker continues to scale up its services to meet the demands of both retail & professional traders. But what makes it suitable for you? Well, our detailed review will help you out.
We’ll start with basic information about the broker before moving on to available trading products and what fees you should expect to pay.
By the end of reading our Exness Review 2023 in its entirety, you will be able to make a more informed decision as to whether or not you should trade with this broker.
What Do You Need To Know About Exness?
It is a multi-asset broker specializing in Forex and CFD trading. The platform has been providing trading services since 2008, with over 2 Million clients from various countries.
The broker is regulated and supervised by several top-tier financial regulators in multiple jurisdictions. It has been providing its clients with access to Tier 1 liquidity in the Forex, Commodities, Cryptocurrencies, and Stock market.
Apart from the services, the platform is part of the Exness brand, an internationally renowned financial group with over two decades of experience in the industry.
The broker is registered in multiple jurisdictions under different entities, with headquarters at 1, Siafi Street, Porto Bello, Office 401, Limassol.
Exness Scam Report: Is It Safe To Trade With?
The Exness’ multiple regulations rule out any possibility of it being a scam. The broker is currently authorized by top-tier financial institutions. Here are the full regulatory details-
- The broker’s Seychelles entity is registered with reg number 8423606-1 and authorized by the Financial Services Authority (FSA) with license number SD025.
- Its Curaçao entity is registered with reg number 148698(0) and authorized by the Central Bank of Curaçao and Sint Maarten (CBCS) with license number 0003LSI.
- The entity in the British Virgin Islands is authorized by the Financial Services Commission (FSC) with registration number 2032226 and investment business license number SIBA/L/20/1133.
In addition to all these aforementioned regulatory approvals, the broker implements a robust set of security measures to ensure clients’ safety in terms of data, funds and privacy.
- The list of security measures includes strict account segregation of all client funds, which are kept separately from the broker’s own funds.
- At the same time, the broker is an active member of the Investor Compensation Fund (ICF), offering compensation of up to €20,000 per client in case of the broker’s solvency.
Overall, the broker’s detailed scam report from Exness Review 2023 indicates the broker to be trustworthy; hence, we recommend trading with this broker. Open Your account today!
Product Listing & Availability Of Asset Classes On Exness
As we said, Exness broker is focused on CFDs, which means it offers hundreds of assets to trade in. The broker offers a diverse selection of over 200+ CFD instruments to choose from, including:
- Forex pairs such as EUR/USD, USD/JPY, and many more
- Commodities such as oil, gold, silver, platinum, natural gas, coffee, and much more
- Stocks of popular companies such as Apple, Amazon, Coca-Cola, or McDonald’s.
- Cryptocurrencies like Bitcoin, Ethereum, Ripple, Litecoin, and more
- Indices including the S&P 500 (US 500), Germany DAX 30 (Germany 30), FTSE 100 (UK 100)
At the same time, the broker’s interactive feature – Live Rate (Available next to the assets’ icons), provides all the necessary information to help traders stay updated on their current prices.
Through the detailed analysis of Exness Review 2023, we found the broker’s available product listing to be in line with the global industry standards.
Trading Accounts Accessible On Exness
Interestingly, the broker primarily offers two trading accounts that are based on your experience level and minimum account balance.
While Standard Account is much more suitable for beginners & entry-level traders, Professional Account is specialized in catering to expert traders.
While the features of each account type were difficult to explain, we decided to present them through a quick comparison table to help you determine which account type suits better with your trading profile.
Standard Account
| Features | Standard Account | Standard Cent Account |
| Minimum Deposit | Depends On the Payment Method | Depends On the Payment Method |
| Spread | 0.3 Pips | 0.3 Pips |
| Maximum leverage | 1:Unlimited | 1:Unlimited |
| Instruments | Forex, metals, cryptocurrencies, energies, stocks, indices | Forex, metals |
| Islamic Account | Available | Available |
Professional Accounts
| Features | Raw Spread Account | Zero Account | Pro Account |
| Minimum Deposit | $500 | $500 | 500 USD |
| Spreads | Zero | Zero | 0.1 Pips |
| Commission | Up to $3.50 each side per lot | From $0.2 each side per lot | Zero |
| Margin call | 30% | 30% | Up to 30% |
| Order execution | Market | Market | Instant |
| Swap-free | Available | Available | Yes |
Based on our findings from Exness Review 2023, we can say the account offerings are exceptionally good and suitable for both entry-level and advanced traders.
Demo Account
Apart from retail and professional accounts, the broker also offers a free demo account with virtual funding up to $10,000. You can place trades on a demo account to get familiar with trading conditions without the risk of losing real money.
Signing Up For Exness Account
Registering on the platform is quite easy. All you need to do is the first register in the personal area and then apply for a live trading account. Seems tricky, Well! We’ve put together a step-by-step tutorial.
Registering For Exness Personal Area:
- Visit the official website and click on the ‘Open Account’ icon.
- Now, select your country of residence.
- Enter a valid email address and create a password.
- Now, Click on “Create Account,” and you’ll be redirected to Personal Area.
Requesting A Live Account On Exness
Step1: Sign in to your personal area using Exness login credentials and click on “Open New Account.”
Step 2: Select A ‘Real Account’ option from the list.
Step 3: Now, choose the following settings to activate your account:
- Choose between MT or MT5
- Set your leverage from the dropdown menu.
- Select your base currency.
- Select a username.
- Create a strong password for your trading account.
Step 4: Click On the ‘Create An Account” icon.
Deposits At Exness Broker
The broker offers plenty of flexible deposit options to choose from. Additionally, it also accepts payments in local currencies, including all popular e-wallets & Crypto wallets.
Meanwhile, the minimum deposits are also determined by the payment option you choose to fund your account. For instance, it’s $100 for Bank Transfer & $10 for a Bitcoin wallet.
Through this Exness Review 2023, let’s take a look at all available payment options, along with their minimums and processing times.
| Deposit Options | Minimum Deposit | Processing Time |
| Offline bank transfer | $100 | Up to 2 days |
| Bitcoin | $10 | Up to 3 days |
| Bank Card | $10 | Up to 5 days |
| Online Bank – 1 | $15 | Up to 2 days |
| Online Bank Transfer | $15 | Up to 24 hours |
| e-wallet | $10 | Up to 10 days |
| Online Bank Transfer | $10 | Up to 24 hours |
| UPI QR | $15 | Up to 1 hour |
| Skrill | $10 | Up to 5 hour |
| Neteller | $10 | Up to 3 days |
| Online Bank Transfer | $50 | Up to 2 days |
| Perfect Money | $50 | Up to 5 days |
| SticPay | $10 | Up to 2 days |
| USD Coin (USDC ERC20) | $10 | Up to 3 days |
| Tether (USDT ERC20) | $10 | Up to 3 days |
| Wire Transfer | $10000 | Up to 3 days |
Exness Withdrawal Options & Policy
The payment options available for depositions can be used for withdrawals, likewise. However, the time it takes to process the transaction and minimum requirements change.
Let’s look at all the available withdrawal options, minimums & their processing times.
| Withdrawal Options | Minimum Withdraw | Processing Time |
| Offline bank transfer | $1 | Up to 3 days |
| Bitcoin | $10 | Up to 3 days |
| Bank Card | $10 | Up to 10 days |
| Online Bank – 1 | – | – |
| Online Bank Transfer | $15 | Up to 3 days |
| e-wallet | – | – |
| Online Bank Transfer | – | – |
| UPI QR | – | – |
| Skrill | $10 | Up to 2 days |
| Neteller | $4 | Up to 5 days |
| Online Bank Transfer | – | – |
| Perfect Money | $2 | Up to 3 days |
| SticPay | $1 | Up to 5 Hours |
| USD Coin (USDC ERC20) | $100 | Up to 3 days |
| Tether (USDT ERC20) | $100 | Up to 3 days |
| Wire Transfer | – | – |
| Webmoney | $1 | Within 8 hours |
Exness Fees & Commissions
Exness is a low-cost broker that doesn’t charge any SWAP, Management, or Transaction fees. The only charges payable for trading on the platform include flexible Spreads & Commissions. These charges vary depending on account type. For instance:
- The spread charges for Standard & Standard Cent Accounts starts from 0.3 Pips. However, both of these accounts don’t charge a commission.
- Meanwhile, the professional accounts don’t incur Spread charges, but there are commission charges., i.e, Up to $3.50 each side per lot for Raw Spread & Upto $0.2 each side per lot for Pro Account.
Considering the findings from Exness Review 2023, the broker’s fees & commission charges are the lowest & under the global industry average.
Leverage & Margin Requirements
The broker offers maximum leverage of up to 1:unlimited, meaning you can open as large positions as you can on the platform. Meanwhile, the margin requirements for all account types are set at 30%.
Exness Trading Platform Compatibility
It is very exceptional for a Forex & CFD broker to be compatible with third-party trading platforms. Fortunately, the broker is not only compatible with the MT4, but it also supports MT5 & its own proprietary platform and app.
Here’s a bit more information on the broker’s available trading platforms:
MetaTrader4 (MT4) – Web Terminal & Mobile App
- 6 types of pending orders and 2 execution types
- 30 built-in technical indicators and 23 analytical object
- Automated Trading
- Pre-installed Expert Advisors (EAs)
- 50 pre-installed indicators
- 9 timeframes and 3 chart types
MetaTrader5 (MT5) – Web Terminal & Mobile App
- 38 inbuilt indicators and 22 analytical tools
- Available for Windows, macOS, and Linux
- Automated Trading
- Pre-installed Expert Advisors (EAs)
- 50 pre-installed indicators
- 21 timeframes and 3 chart types
- 8 pending order types (Buy Stop, Sell Stop, Buy Limit, Sell Limit, Take Profit, Stop Loss, Buy Stop Limit, Sell Stop Limit)
Exness Trader App
- 38 inbuilt indicators and 22 analytical tools
- Available for Windows, macOS and Linux
- Automated Trading
- Pre-installed Expert Advisors (EAs)
- 50 pre-installed indicators
- 21 timeframes and 3 chart types
- 8 pending order types (Buy Stop, Sell Stop, Buy Limit, Sell Limit, Take Profit, Stop Loss, Buy Stop Limit, Sell Stop Limit)
Special & Unique Offers
The broker has plenty of special offers that make it stand out in the industry. We analyzed these offers through Exness Review 2023 and here’s what we found –
Partnership Program
The broker offers up to 40% to its affiliates through the partnership program. For every reference, an affiliate partner gets 80 dollars.
Exness Social Trading
The broker’s social trading feature help beginner & entry-level traders copy the trades of professionals and earn likewise. It allows them to diversify their portfolio and reduce their risk exposure.
Exness Review 2023: Educational & Research Offerings
The broker shines when it comes to offering educational & research tools. As a platform user, you’ll have access to a wealth of in-depth educational videos, articles and trading signals.
Educational Resources
- Articles
- Webinars
- Trading Videos
- Trading Central WebTV
Research Support
- Analytical Tools
- Investment Calculator
- Economic Calendar
- Currency Converter
- Tick History
- VPS Hosting
The broker’s educational & research offering is sufficient for both beginner & professional traders.
Customer Support At Exness
The broker’s dedicated ‘Contact Us’ section has several options to contact the support team. You can connect with the professional team 24×7 either via Email, Phone, Help Center, Or Live Chat.
The quick responsiveness and accuracy of the support executives are commendable. We were really impressed. For new users, we are sharing the contact details of the broker’s Customer Support:
- Email: support@exness.com (Available 24×7)
- Phone Number: 000-800-100-4378, +91-44-71279046 (Available 24×7)
- Live chat (Available 24×7)
Pros & Cons
| Pros | Cons |
| Advanced Trading Tools | Sophisticated Mobile App |
| Low Minimum Deposit Requirements | |
| 24×7 Professional Customer Support | |
| Free Demo Account | |
| Tightest Spreads & Low Commission |
Final Verdict On Exness Review 2023
To conclude this Exness review 2023, and with all the detailed info about this broker, it can be said that the broker is safe and low-risk. Ever since its inception, the broker has been a pioneer in the online trading industry, offering a great trading experience from the moment they sign up.
In simple words, it goes beyond a simple trading platform and seeks to provide its clients with an experience rich in education, information and support. So, open your free Exness MT4 account today!
FAQs
How To Deposit Funds Into Exness Account?
- In your Personal Area, choose the preferred deposit option.
- Select your trading account, enter the deposit amount, then click Continue.
- Click Confirm to continue. Now choose a payment method and click Pay.
- Follow the on-screen instructions to complete the transaction.
How To Withdraw Money From Exness?
- In your Personal Area, choose the preferred withdrawal option.
- Select your trading account, enter the amount, then click Continue.
- Click Confirm to continue. Now choose a payment method and click Withdraw.
- Follow the on-screen instructions to complete the transaction.
Where Can I Download Exness MT4 Platform?
The MT4 platform is available for download on the broker’s official website. The MT4 app is compatible with Windows, iOS & Android.
Is Exness Trusted?
Yes, the broker is regulated by multiple international watchdogs such as CySEC, FSA and FSC.
Which Country Is Exness?
It is a Cyprus-based broker offering services in over 100 countries.
Is Exness Legal In India?
Yes, the broker is legal to operate in India; firstly, it is well-regulated and strictly follows RBI’s mandate to offer INR as the base currency.
What Is The Minimum Deposit For Exness?
The broker’s minimum deposit requirements vary depending on the chosen method. For instance, it starts from $10 for a standard account and goes up to $500 for a professional account.
Which Is Better, Exness Or OctaFX?
Exness is better than Octafx in many ways: whether it’s providing a good selection of products, education, information and support.
How Long Does Exness Withdrawal Take?
While most of the withdrawals are processed instantly, in some cases, it may take up to 3-5 business days to reflect the amount in your bank account.