Exness is a MetaTrader-only broker regulated in the EU offering multiple account types and forex pairs, but its offering lacks the range of CFDs forex brokers typically offer.
|#||Broker's Features||EXNESS Availability|
|#||Accepts US traders||❌|
|#||24 hour trading||✔|
|#||Trading by phone||❌|
|#||1st deposit bonus||❌|
|#||Forex contests competitions||✔|
|#||Interest charges on the balance||❌|
|#||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.
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.
Poor educational materials available through the website.
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.
Get access to customer support in 14 languages across Live Chat, phone, email, and social media.
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
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.
Exness’ MT4 (in all Exness entities) and MT5 (on Exness Ltd only) platforms provide a good trading experience for traders at all levels.