Exness Review 2024: 🔍 Is This Forex Broker Legit & Reliable?

Exness review
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Overall, Exness can be summarised as a well-regulated and reliable broker that has competitive trading fees and instant withdrawals. Exness offers low spreads, great educational material, and online customer support. Exness has a high trust score of 95 out of 99.

In this in-depth Exness review, we will explore whether Exness is the best trading broker for you. We will take a deep dive into all the features and performance aspects of Exness.

Whether you're an experienced trader or just starting, this ultimate guide to Exness will provide you with all the information you need to make an informed decision.

Our Exness review team put the broker to the test and took a deep dive into all the features and performance aspects of Exness.

Read on to find out if Exness is the right choice for your trading needs.

Exness Overview

Broker's NameExness
📅 Year Founded2008
🌐 Websitewww.exness.com
🏢 HeadquartersLimassol, Cyprus
 ⚖ Regulated BySFSA (Seychelles), CBCS (Curaçao), FSC (BVI), FSCA (SA), CySEC (Cyprus), FCA (UK)
💳 Minimum Deposit$10
🧾 Account TypesStandard Cent, Standard, Pro, Raw Spread, Zero.
🕹 Demo Trading Account✅Yes
💵Deposit & withdrawal methodsCredit/debit card, Skrill, Neteller, QIWI, Cryptocurrencies, Bank/Wire Transfer,
💰 SpreadsSpread depends on account type and instrument. Spreads are always floating.
FTSE Spread 1.5 pts (var)
GBPUSD Spread 2.1 (var)
Oil Spread 0.05 (var)
Stocks Spread 0.1% Var

GBPUSD Spread 2.1 pips (var)
EURUSD Spread 1.6 pips (var)
EURGBP Spread 2 pips (var)
💹Instruments OfferedForex (97), Metals, Stocks, Indices and Energies, Cryptocurrencies (35)
💲 Withdrawal fee✅ Yes
🤑 Instant withdrawal and deposits✅ Yes. Depends on the payment system. This may vary based on the payment provider's processing
💸 Negative balance protection✅ Yes
🖥 In-house VPS hosting✅ Yes, with $500+ deposits
☪ Islamic Account✅ Yes
💶 Inactivity fee charged❌ No
📱 Platforms MT4, MT5, Exness Terminal, MT4 Multiterminal, Exness Trader app
💬 Customer ServiceYes, 24/5 in various languages namely English, Indonesian, Arabic, Japanese, French, Hindi, Portuguese, Russian, Spanish and Urdu.
🏫 EducationExness Academy, Fundamental and Technical Analysis, Market news, webinars & Web TV
🚀 Open an Account👉 Click Here

What Is Exness?

Exness is a well-established online trading broker that has been around since 2008. The broker offers various trading instruments, including forex, commodities, indices, and cryptocurrencies. Over 1 million traders worldwide have chosen Exness to be their broker of choice due to its user-friendly interface and lightning-fast execution.

Whether you're an experienced trader or just starting out, Exness provides a seamless and intuitive user experience, making it easy to navigate and execute trades with confidence.

Additionally, Exness offers a range of deposit and withdrawal options, making it convenient for traders from all over the world.

With its cutting-edge features and impressive track record, Exness has gained a reputation as one of the top choices for traders worldwide.

Is Exness Trustworthy?

Yes, we can trust Exness because it is regulated by reputable financial authorities. The broker has been in existence for almost 15 years and this shows that they are a reliable broker.

The platform also uses stringent security measures, implementing advanced encryption technology to protect client funds and personal information. This makes the broker trustworthy and reliable.

Exness Regulation

One of the standout features of Exness is its commitment to transparency and security.

This Exness review found that the broker operates under the regulations of reputable financial authorities, such as the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).

This ensures they follow strict standards and comply with regulations.

Exness Account Types

Our Exness broker review team found that the broker offers several accounts with various features to cater to the needs of different traders from beginners to experts. These are:

  • Exness Standard
  • Exness Standard Cent
  • Exness Pro
  • Exness Zero
  • Exness Raw Spread

The first two are standard accounts while the last three are professional accounts.

Exness Standard Account

This is the most popular account type on Exness which suits all types of traders. Below are the features of the account.

🧾Account TypeExness Standard Account
💳 Minimum Deposit$10
⌚ Deposit activation durationUp to 72 hours
💻 PlatformsMT4, MT5
🏋️‍♀️Leverage1:Unlimited
💵 SpreadsFrom 0.2 pips
💵 Commissions❌No
🚅 Order ExecutionsMarket Execution
🛒 Minimum lot size0.01
🔁 Swap- Free✔Yes
💹InstrumentsForex, metals, cryptocurrencies, energies, stocks, indices
🚀Open an Account👉 Click Here

Our Exness review found that the Exness Standard Account Offering is a feature-rich, commission-free, market execution account type with stable spreads, no requotes, and great execution.

Exness Standard Cent account

The Exness Standard Cent account is just like the Standard account but is denominated in cents. This makes it an ideal option for traders who want to start with a small investment and minimize their risk exposure. 

🧾Account TypeExness Standard Cent Account
💳 Minimum Deposit$10
⌚ Deposit activation durationUp to 72 hours
🏋️‍♀️Leverage1:Unlimited
💵 SpreadsFrom 0.3 pips
💵 Commissions❌No
🚅 Order ExecutionsMarket Execution
🔁 Swap- Free✔Yes
💻 PlatformMT4
💹InstrumentsForex, metals
🛒 Minimum lot size0.01
🚀Open an Account👉 Click Here

The Exness cent account is only available on MT4 and allows trading in forex and metal instruments. Expert traders can use this account to test new strategies or new instruments without risking a lot of money.

Other Cent Accounts To Consider
HFM Cent Account
Fbs Cent Account

Exness Raw Spread Account

This Exness account type has the lowest spreads with a fixed commission per lot. It also offers market execution.

🧾Account TypeExness Raw Spread Account
💳 Minimum Deposit$500
⌚ Deposit activation durationUp to 72 hours
🏋️‍♀️Leverage1:Unlimited
💵 SpreadsFrom 0 pips
💵 CommissionsUp to $3.50 each side per lot
🚅 Order ExecutionsMarket Execution
🔁 Swap- Free✔Yes
💻 PlatformMT4, MT5
💹InstrumentsForex, metals, cryptoсurrencies, energies, stocks, indices
🛒 Minimum lot size0.01
🚀Open an Account👉 Click Here

Exness Zero Spread Account

The Zero spread account allows trading with no spreads on the top 30 instruments. It also comes with market execution and no requotes.

🧾Account TypeExness Zero Spread Account
💳 Minimum Deposit$500
⌚ Deposit activation durationUp to 72 hours
🏋️‍♀️Leverage1:Unlimited
💵 SpreadsFrom 0 pips
💵 CommissionsFrom $0.2 each side per lot
🚅 Order ExecutionsMarket Execution
🔁 Swap- Free✔Yes
💻 PlatformMT4, MT5
💹InstrumentsForex, metals, cryptoсurrencies, energies, stocks, indices
🛒 Minimum lot size0.01
🚀Open an Account👉 Click Here

Check also the HFM Zero Spread Account.

Exness Pro Account

This is an instant execution account, with zero commission & low spread.

🧾Account TypeExness Pro Account
💳 Minimum Deposit$500
⌚ Deposit activation durationUp to 72 hours
🏋️‍♀️Leverage1:Unlimited
💵 SpreadsFrom 0.1 pips
💵 Commissions
🚅 Order ExecutionsMarket Execution
🔁 Swap- Free✔Yes
💻 PlatformMT4, MT5
💹InstrumentsForex, metals, cryptoсurrencies, energies, stocks, indices
🛒 Minimum lot size0.01
🚀Open an Account👉 Click Here

How To Open An Exness Live Account: Step By Step

This Exness review found that it is easy to open a real account with the broker.

  1. Visit the Exness homepage and click on the ‘Register‘ button.
  2. Enter your details in the sign-up page that comes up and click on ‘Continue'. Verify your email and accept the legal aggreements.

    How to open an exness account
  3. At this point, you would have successfully created your Exness Personal Area account which lets you manage all of your Exness accounts.
  4. You can create a new account by logging into your personal area and clicking on the ‘Open New Account' button in the ‘My Account' area.
  5. Choose from the available trading account types and whether you prefer a live or a demo account. Enter the details for the account you want to create including leverage, platform (mt4 or mt5), account currency, a nickname for the account, and account password. Once you are satisfied click on ‘Create Account'.
  6. Your new trading account will be displayed in the “My Account” tab and you can proceed to deposit and start trading.

How To Verify Your Exness Account

After creating an account on Exness you should verify your account. Verifying your identity and address is an important step that helps keep your account and financial transactions secure.

Fortunately, the Exness account verification process is straightforward. Below are the steps you take.

  1. Log in to Exness Personal Area (PA).
  2. Click Become a Real Trader at the top of this area to start. This button may appear differently if you have previously started the verification process but did not complete it.

    How to verify exness account
  3. Verify your phone number by entering it and clicking on the ‘Send me code‘ button.
  4. Enter your personal information; make sure your full name entered matches exactly the name shown on your verification documents.

    At this point, you can make deposits up to US$2000 but you will have to follow the steps below to fully verify your account and remove all limitations.
  5. Complete your economic profile. This includes answering some basic questions about your source of income, your profession, and your trading experience.
  6. Verify your identity by uploading a document that has the same legal name that you used when you signed up for your Exness account.
  7. Verify your proof of residence by uploading any of the acceptable documents.

Your documents will be reviewed and if all is in order your account will be verified in 24 hours or less. At this point deposit limitations are lifted, while bank card and cryptocurrency-based payment methods become available.

Exness Trading Fees Review

This Exness review found that the broker has low fees and competitive spreads compared to its competitors.

Here is a breakdown of the key points:

Exness Spreads Review

Exness offers variable spreads, which means the spread can fluctuate depending on market conditions. The broker is known for its tight spreads, starting from 0.0 pips on certain account types.

  • The Standard Accounts have the EUR/USD with spreads from 0.3
  • The Raw Spread Account has spreads as low as 0.0 pips 
  • The Zero Account has spreads close to 0.0 pips

Exness Commisions Review

Exness employs a commission-based structure on the Raw Spread Account and the Zero Spread account. The commissions charged are as follows:

  • Raw Spread Account: Up to $3.50 each side per lot
  • Zero Spread Account: From $ 0.2 each side per lot.

Our Exness review team found these commissions to be quite competitive in the market.

The Exness Standard Account, Exness Standard Cent Account, and Exness Pro Account do not charge any commissions. Traders only pay the spread cost on these accounts.

Exness Overnight Fees (Swap fees):

Exness charges swap rates to positions held overnight, known as rollover fees.  Each instrument has its own fee, which is charged for these overnight positions, this may either be charged as a fee or provided as a refund.

However, Exness provides swap-free Islamic accounts for those who follow Sharia principles, offering an option to avoid swap fees.

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Exness Inactivity Fees

No inactivity fees are charged by Exness, which is a great offer for traders.

Exness Deposit and Withdrawal Fees:

The broker does not charge deposit or withdrawal fees and this is a huge advantage. However, third-party payment processors may charge their own fees.

Exness Deposit & Withdrawal Options

A variety of deposit and withdrawal methods are accepted on Exness for the convenience of its clients.

Exness Deposit Methods

The following deposit methods are available on Exness:

  • Credit/Debit Cards: VISA, Master credit or debit
  • E-Wallets: Neteller, Skrill, and Perfect Money.
  • Bank transfers
  • Cryptocurrency: Bitcoin is accepted 
  • Local Payment Methods: Depending on your region, Exness may provide specific local payment methods that are convenient for you.

What Is the Exness Minimum Deposit?

$10 is the minimum deposit on Exness when using e-wallets. Other payment methods have different minimum deposit requirements on Exness.

How Long Does It Take For Deposits To Process on Exness?

Deposits made via credit cards, debit cards, e-wallets, crypto and local payment methods reflect instantly in your Exness dashboard.

Deposits via bank transfers process in 2-10 days.

Exness Withdrawal Methods

All the deposit methods can also be used for withdrawal on Exness. These include:

  • Bank transfers
  • E-wallets
  • Debit cards/ Credit cards
  • Cryptocurrency
  • Local payment methods

Exness Minimum Withdrawal Amount

The Exness minimum withdrawal amount is $3 using bank cards. This Exness review found that other deposit methods have different minimum requirements shown below:

Withdrawal MethodExness Minimum Withdrawal AmountMaximum Withdrawal Amount
PerfectMoney $2$10 000
Neteller$4$10 000
Skrill$10$12 000
Bitcoin$10$10 000

How Long Does It Take To Withdraw From Exness?

Exness processes withdrawals instantly and the funds should reflect in 24 hours in your wallet.

Exness Social Trading

The social trading platforms offered by Exness enable traders to interact, follow experienced traders, and copy their strategies.

This allows beginners to learn from more experienced traders. Experienced traders can earn a commission by sharing their strategies.

Exness Review: Trading Assets

Our team found that Exness offers a wide range of trading instruments to cater for different traders.

  1. Forex: Exness provides access to over 100 pairs including major currency pairs like EUR/USD, GBP/USD, and exotic pairs such as USD/TRY.
  2. CFDs: In addition to forex, Exness offers a variety of Contracts for Difference (CFDs) on commodities, indices, and cryptocurrencies. This allows traders to diversify their portfolios and take advantage of different market opportunities.
  3. Stocks: Exness clients can access an extensive list of company shares, allowing them to trade popular stocks from various global exchanges. From technology giants like Apple (AAPL) to automotive companies like Tesla (TSLA).
  4. Metals: Precious metals like gold and silver are available for trading, offering a hedge against inflation and economic uncertainty.
  5. Energies: Crude oil and natural gas CFDs allow traders to participate in the energy markets on the Exness platform.
  6. Commodities: Exness clients can speculate on the prices of energy resources like crude oil and natural gas, precious metals such as gold and silver, and agricultural products like wheat and corn.
  7. Indices: Exness offers trading opportunities in global stock indices like the S&P 500, Dow Jones, FTSE 100, and Nikkei 225.

Exness Bonuses

Exness does not have any bonus available currently. This Exness review found that the broker rarely offers any bonuses or promotions.

If you are looking for brokers offering bonuses then you should check out Hotforex’s 100% bonus or XM $30 no-deposit bonus.

Exness Trading Platforms

This Exness review found that the broker offers several platforms for the convenience of its clients. These platforms include MetaTrader 4, MetaTrader 5, Exness WebTerminal and Exness mobile app.

Metatrader 4 (MT4)

MT4 provides a comprehensive suite of tools for traders of all levels, from beginners to experienced professionals. The platform's intuitive design allows for easy navigation and quick access to essential features.

Metatrader 5 (MT5)

MetaTrader 5 is a more advanced trading platform than MetaTrader 4. The platform offers additional features such as more timeframes, economic calendar integration, a hedging tool and improved trading signals.

Both MT4 and MT5 platforms are available for desktop, web, and mobile devices, ensuring flexibility and convenience for traders.

Exness WebTerminal

Exness WebTerminal is a customised web terminal exclusively developed for Exness clients. The platform is available in a web browser and does not require any installation. Exness WebTerminal provides a variety of features, including technical indicators, charting tools, and order entry tools.

Exness Mobile Trading App

The Exness mobile app has been developed to help clients trade on the go. Our Exness review team used the Exness app and found that it is compatible with both iOS and Android devices.

The Exness app is user-friendly, and feature-rich, and offers a seamless trading experience with access to all available trading instruments.

Exness Education

Our Exness review discovered that the broker offers a wide range of educational resources to help traders of all experience levels improve their trading skills. These resources include trading videos, a help center, webinars, articles and a community forum.

However, the broker's educational resources are rather shallow compared to other brokers.

XM Competitions on XM Review


Exness Customer Support Review

Exness offers 24/7 customer support in multiple languages. The broker offers a variety of support channels, including live chat, email, and phone.

Our Exness review team was impressed with how knowledgeable the Exness support team is especially via live chat.

Exness places considerable effort into its customer support services, providing a range of support options and striving for responsive and efficient assistance. The availability of multiple communication channels, prompt responses, and multilingual support enhances the overall customer experience.

Exness Awards

Our review team found that Exness has received numerous awards and accolades over the years as a testament to a broker's commitment to excellence, innovation, and client satisfaction.

Some of the most recent Exness awards include:

  • ️Most Transparent FX Broker 2019 (World Finance) and Global FX Broker of the Year 2019(The European).
  • ️ Best Customer Support Award at Financial Markets Expo Cairo 2021
  • ️ Premium Loyalty Program Award at Financial Markets Expo Cairo 2021
  • ️ Most Innovative Broker at Dubai Expo 2021
  • ️ Most Innovative Broker at Forex Traders Summit 2023
  • ️ Global Broker of the Year at Forex Traders Summit 2023

Exness Pros & Cons

Exness Pros

  • Well regulated broker
  • Provide a variety of trading instruments
  • Provides various trading platforms including mobile app
  • Dealing-Desk Broker
  • Offers social trading
  • Low minimum deposit for standard accounts
  • Tight spreads
  • Offers competitive spreads and low commissions.
  • Has multiple account types

Exness Cons

  • No multi-currency accounts are available
  • Does not offer any bonuses or contests
  • Restricted services in certain countries
  • Limited educational resources

Exness Verdict

In conclusion, this Exness Global broker review finds that Exness is a well-respected broker that provides a safe, legitimate, and trustworthy trading environment for its clients.

The broker's commitment to transparency, security, and user-friendly features makes it a top choice for traders seeking a reliable and innovative broker.

The broker's competitive trading conditions, varied account types and strong commitment to customer service make it a good choice for traders of all experience levels.

However, the broker's educational resources could be improved. The high leverage offered on some of its accounts may not be suitable for all traders.

Exness Alternatives

You can check out these Exness alternatives.

HFM (Formelly Hotforex)

XM

Deriv

Frequently Asked Questions on Exness Broker Review

What account types are offered by Exness?

Exness offers the Standard and Standard Cent accounts and the Pro, Zero and Raw spread accounts for more experienced, professional traders.

What are the deposit methods available for Exness?

To deposit funds, traders can choose between Bitcoin, Bank card, Internet banking, Skrill, Neteller, Perfect money, Tether (USDT OMNI), Webmoney, Mybux and Ozow.

Is Exness a good broker?

Yes, Exness is a good broker that is well-regulated and takes security seriously. The broker also has low fees and offers instant deposits.

How long do Exness withdrawals take?

Exness processes withdrawals instantly. Withdrawal times will then depend on your bank and the deposit method used.

Is Exness a safe and reliable broker?

Yes, Exness is a safe and reliable broker that is regulated by several top-tier financial authorities, including the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). This means that the broker is subject to strict regulatory oversight and that client funds are protected.

Are the spreads and fees competitive on Exness?

Exness is known for offering competitive spreads and low fees, making it cost-effective for traders.

What are the minimum deposit requirements at Exness?

The minimum deposit requirement on Exness is $10 which makes it easily accessible to traders.

What is Exness?

Exness is an online brokerage firm that provides access to the financial markets, allowing traders to buy and sell various financial instruments, including forex, commodities, indices, stocks, and cryptocurrencies.

Can I trade cryptocurrencies with Exness?

Yes, Exness offers the opportunity to trade a selection of cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), as CFDs.

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