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Exness Review
In 2014, The Exness Group, which was founded in 2008, rose to a monthly trading volume of more than $180 billion and 15,000 new accounts established each month. Exness traders now have access to over 120 financial products to trade across.
Exness’ trading platforms include MetaTrader 4, MetaTrader 5, mobile trading platforms, and the MT4 WebTerminal. There are also 120 currency pairings to select from, as well as free VPS hosting, and traders can access Dow Jones financial news as well as a trader’s calculator and currency converter.
The Exness Group’s website has been localised into 18 languages, with 24/5 client support available in 13 different languages. Users also have access to leverage, which can considerably lower margin requirements and allows trading strategies to be managed flexibly. They also offer traders the instant withdrawal of funds using a number of electronic payment systems, providing traders with full control of their funds.
Exness (UK) Ltd is authorised and regulated by the Financial Conduct Authority to offer Contracts For Difference (CFDs) in various underlying investments.
Pros
- Segregated client funds
- Established in 2008
- Regulated by CySEC, CRFIN, BaFin, AFM, Banque de France, CNMV, CONSOB, FI, KNF
- Min. deposit from $1
Cons
- Limited range of instruments
- Not FCA Regulated (See alternatives)
A minimum deposit of $1 is required to establish a live account. Alternatively, Exness provides a demo account that you may use to experiment and become acquainted with their platform.
Regulated by CySEC (Licence: 178/12), Exness keeps all customer funds in a separate bank account and works with tier-1 institutions to do so. Exness was founded in 2008 and has its headquarters in Cyprus.
Before we get into the specifics of Exness’ spreads, fees, platforms, and trading tools, you may want to open their website in a new tab by clicking the button below to get the most up-to-date information straight from them.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
What are Exness’s spreads & fees?
Like most brokers, Exness takes a fee from the spread, which is the difference between the buy and sell price of an instrument.
The commissions and spreads shown here are based on the Exness website’s minimum spreads.
| Forex | Exness | City Index | XTB |
| EUR/USD(Average: 0.7 pips) | 1.1 pips | 0.7 pips | 0.1 pips |
| GBP/USD(Average: 1.1 pips) | 1.2 pips | 1.7 pips | 0.1 pips |
| USD/JPY(Average: 1.1 pips) | 0.2 pips | 0.6 pips | 0.1 pips |
| AUD/USD(Average: 0.8 pips) | 0.2 pips | 0.6 pips | 0.2 pips |
| USD/CHF(Average: 2.3 pips) | 0.3 pips | 2.3 pips | 0.2 pips |
| USD/CAD(Average: 2.9 pips) | 0.3 pips | 0.5 pips | 0.3 pips |
| NZD/USD(Average: 3.6 pips) | 0.2 pips | 2.8 pips | 0.3 pips |
| EUR/GBP(Average: 2.4 pips) | 0.3 pips | 0.5 pips | 0.1 pips |
Spreads are dynamic and are for informational purposes only.
As you can see, Exness’s minimum spread for trading EUR/USD is 1.1 pips – a rather large spread when compared to the average EUR/USD spread of 0.70 pips. The table below compares the costs of trading one lot of EUR/USD with Exness and other brokers.
How much does Exness charge to trade 1 lot of EUR/USD?
If you were to buy one standard lot of EUR/USD (100k units) with Exness at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $7.49. Here’s a rough breakdown of the fees and how this compares against IG & XTB .
| Exness | IG | XTB | |
| Spread from: | $ 11.00 | $ 6.00 | $ 2.00 |
| Commission: | $0.00 | $0.00 | $0.00 |
| Total cost of a 100k trade: | $ 11.00 | $ 6.00 | $ 2.00 |
| $5 less | $9 less | ||
| VISIT EXNESS | VISIT IG | VISIT XTB |
All fees/prices are for informational purposes and are subject to change.
What can you trade with Exness?
As you can see, Exness’s minimum spread for trading EUR/USD is 1.1 pips – a rather large spread when compared to the average EUR/USD spread of 0.70 pips. The table below compares the costs of trading one lot of EUR/USD with Exness and other brokers.
| FX / Currencies | Exness | IG | XTB |
| # of forex pairs offered | 103 | 90 | 48 |
| Major forex pairs | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes |
| Cryptocurrencies* | No | Yes | Yes |
| Commodity CFDs | Exness | IG | XTB |
| # of commodities offered | 0 | 34 | 21 |
| Metals | No | Yes | Yes |
| Energies | Yes | Yes | Yes |
| Agricultural | Yes | Yes | Yes |
| Index & Stock CFDs | Exness | IG | XTB |
| # of stocks offered | 0 | 8000 | 1606 |
| UK shares | No | Yes | Yes |
| US shares | No | Yes | Yes |
| German shares | No | Yes | Yes |
| Japanese shares | No | Yes | Yes |
| SEE EXNESS’S INSTRUMENTS | SEE IG’S INSTRUMENTS | SEE XTB’S INSTRUMENTS |
What’s the Exness trading experience like?
1) Platforms and apps
Exness is one of the few brokers that provides both the MetaTrader 4 and MetaTrader 5 platforms. To discover how the two systems differ, check out our MT4 to MT5 comparison. Traders may trade with their preferred device thanks to the mix of downloading platforms for both Mac and Windows.
They also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.
Still not sure?
Open a practice account & learn to trade
2) Executing Trades
Exness allows you to trade with a minimum of 0.01 Lot. This may differ based on the type of account you establish. Exness allows you to conduct a maximum of 200 Lot trades. Because they provide ECN and STP execution, you may anticipate incredibly narrow spreads and greater transparency into the price you pay to execute your trades.
Exness may offer fewer entrance criteria as a market maker than an ECN broker, which benefits from a higher volume of transactions and usually has higher capital and minimum trading requirements. Market makers generally have a lower minimum deposit, lower minimum trade requirements, and no trading commission.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.
Finally, we’ve listed some of the popular funding methods that Exness offers its traders below.
Trading Features:
- Allows scalping
- Allows hedging
- Offers STP
- Low min deposit
Accounts offered:
- Demo account
- Mini account
- Standard account
- ECN account
- Islamic account
Funding methods:
- Credit cards
- Bank Transfer
- Payoneer
- Neteller
3) Client support
English, Russian, Chinese, Urdu, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, and Spanish are among the languages supported by Exness.
4) What you’ll need to open an account with Exness
Since Exness is regulated by CySEC, CRFIN, BaFin, AFM, Banque de France, CNMV, CONSOB, FI, and KNF, each new customer must pass a few simple compliance tests to verify that you understand the risks of trading and are permitted to trade. When you establish an account, you will most likely be asked for the following information, so have it handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You’ll also need to answer a few basic compliance questions to prove your trading expertise, so allow at least 10 minutes to finish the account opening procedure.
While you may be able to browse their site immediately, it is essential to note that you will not be able to conduct any transactions until you pass compliance, which might take several days depending on your circumstances.
To start the process of opening an account with Exness you can visit their website here.
79% of retail investor accounts lose money when trading CFDs with this provider.
