Exness Review 2019 | Is Exness a Scam or Legit Forex Broker?

Read our Exness review to find out if Exness is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

3.3/ 5

Rating breakdown

Protection & Regulations
60% Complete (danger)
3.0/5
Trading platforms
100% Complete (danger)
5.0/5
Tradable Products
60% Complete (danger)
3.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
60% Complete (danger)
3.0/5
# Broker's Features EXNESS Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review Exness.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Exness offers Online Financial Trading and Investment Services Such as CFDs on metals, Cryptocurrencycurrency.

Tradable Products: Here is the comprehensive list of instruments available for trading on Exness’ platforms across currencies, metals and cryptocurrencies.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. Exness is Market Maker, ECN, STP.

Features: Exness offers an expanded list of trading indicators through the MT5, Depth of Market window, VPS, trading calculators, and technical analysis.

Executing Trades:

Exness allows you to execute a minimum trade of 0.01. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As Exness offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades. As a market maker, Exness may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Exness recommended minimum capital is $1.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Exness is regulated by CySEC, FCA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor Protection & Regulations: Investor protection at Exness is achieved by regulation, account verification and implementation of sound cyber-security protocols. Protection through 2FA and Email confirmation.

Account currencies: Next lets consider the Account currencies each broker offers. Exness offers USD, EUR, GBP, JPY different account currencies for each account types.

Account Openning: Open a Classic, Mini or ECN Account on Exness with accordance to the Exness entity you trade with.

Exness offers a demo account for practicing trading skills and get familiar with the broker’s trading platform.

Languages Available: Next lets have a look at each broker's different Language options. Exness offers English, Russian, Chinese, Urdu, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, Spanish.

Payment methods: Next lets have a look at each broker's payment options. Exness offers Credit/Debit Cards, Local Transfer, Neteller, Skrill, Bank Wire Transfer different payment methods for each account types.

Deposit and withdrawal: Exness offers up to 35 methods of deposits and withdrawals including cards, bank wires and e-wallet options.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Exness makes MT4, MT5, WebTrader available to clients.

Web & Desktop Trading Platforms: Trade FX and CFDs using the various versions of the Exness MT4 or MT5 platforms.
Mobile Trading Platforms: Exness offers iOS and Android mobile trading applications for its MetaTrader platforms, available directly from the developers at the iTunes Store and the Google Play Store.

Other

Trader Education
Poor educational materials available through the website.

Promotions
Promotions are available at the Exness (Ltd) only. Promotions are offered from time to time as well as trading contests. Exness (CY) & Exness (UK) does not offer any bonuses or promos.

Support
Get access to customer support in 14 languages across Live Chat, phone, email, and social media.

Recup
Exness provides an appropriate array of forex pairs and account options for traders looking for MT4 and MT5 from an EU-regulated broker. Limited analysis and research are available through the platforms. Customer service is fast to respond and additionally there is a Help Guide

Final Thoughts
Exness provides a decent array of forex pairs and account options for traders looking for MT4 and MT5 from an EU-regulated broker, but it lacks the range of CFDs forex brokers typically offer. The firm’s research offering is very light and is another area in which Exness has room to improve to compete with other brokers in its category.

Trading Experience
Exness’ MT4 (in all Exness entities) and MT5 (on Exness Ltd only) platforms provide a good trading experience for traders at all levels.

People Also Asked

Is Exness regulated?
Yes, Exness is regulated by top-tier regulators, CySEC, FCA inclusive.
Where is Exness based?
Exness is based in Cyprus
How does Exness make money?
Exness charges a spread between the bid price and ask price. In some instances it also charges a commission.
How do I deposit in Exness account?
With Exness you can deposit money via the following means; Credit Card, Local Transfer, Neteller, Skrill, Wire Transfer.
How do I withdrawal in Exness account?
Exness lets you request a withdrawal of funds from your account via the following means; Credit Card, Local Transfer, Neteller, Skrill, Wire Transfer.
What is the minimum deposit for Exness?
Exness has $1 minimum deposit.
What are the available account base currencies with Exness?
Exness trading accounts are offered in USD, EUR, GBP, JPY. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in Exness?
Exness has a maximum leverage is 1:1000 for professional traders.
How do I open an account with Exness?
Opening an account with Exness is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does Exness use MetaTrader?
Exness platforms: Yes, Exness use MetaTrader as well as the following platforms: MT4, MT5, WebTrader
What type of broker is Exness?
Exness appears to be a Market Maker, ECN, STP broker which offers market access to a variety of traders.
Does Exness accept US clients?
No
Does Exness offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with Exness: You can trade a wide variety of instruments with Exness: CFDs on metals, Cryptocurrencycurrency

Are you Satisfied with what They Offer?