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Exness is a well-established brokerage that caters to traders of all experience levels, including beginners. Choosing the right broker is essential, especially if you’re new to trading, and Exness offers a range of features and tools designed to support your trading journey. This review will cover everything you need to know about Exness, including its key features, regulatory status, trading instruments, platforms, and more.
Founded in 2008, Exness has built a strong reputation in the trading industry. It provides an intuitive platform, multiple account types, and a wide selection of assets, including forex, cryptocurrencies, stocks, and commodities. Whether you’re a novice or an experienced trader, Exness offers the flexibility and resources needed for various trading strategies. Let’s take a closer look at what makes Exness a popular choice among traders.
Exness Key Features:
- Multiple account types
- Comprehensive range of trading instruments
- Competitive spreads and low commissions
- Robust trading platforms including MetaTrader 4 and MetaTrader 5
- Strong customer support available 24/7
- Well-regulated in various jurisdictions
- Access to cryptocurrency trading
- High leverage options for different assets
- Seamless mobile trading platform
Exness Regulatory Status & Licenses
Exness is regulated by several financial authorities, ensuring that it adheres to the required standards for fair and transparent trading. This makes it a safe choice for beginner traders, as it follows strict regulations to protect traders’ funds and ensure fair trading practices. Exness holds licenses from various regulators around the world, which provides an additional layer of security and peace of mind for its users.
The company is regulated by authorities such as the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and others. These licenses ensure that Exness maintains a high standard of operations, and they also provide traders with some level of protection in case of any disputes. Additionally, Exness offers negative balance protection to help you avoid owing more than you invested in your trading account.
| Regulatory Authority | License Number | Fund Protection | Negative Balance Protection | Country |
|---|---|---|---|---|
| FCA (UK) | 730729 | Yes | Yes | UK |
| CySEC (Cyprus) | 178/12 | Yes | Yes | Cyprus |
| FSA (Seychelles) | SD025 | Yes | Yes | Seychelles |
| ASIC (Australia) | 00024688 | Yes | Yes | Australia |
| FSCA (South Africa) | 48156 | Yes | Yes | South Africa |
| CIMA (Cayman Islands) | 1998769 | Yes | Yes | Cayman Islands |
| FSC (Mauritius) | GB21025522 | Yes | Yes | Mauritius |
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Exness Trading Instruments
Exness provides a wide range of trading instruments that cover all major asset classes. For forex traders, Exness offers an extensive list of currency pairs, including both major and exotic pairs. Additionally, Exness allows traders to access a variety of commodities, indices, and stocks, giving you ample choices for diversifying your portfolio. With its competitive spreads and various asset classes, Exness is a good option for both short-term and long-term traders.
Furthermore, Exness offers cryptocurrencies for traders interested in digital assets. With the rise of digital currencies, Exness’s ability to provide access to a broad selection of cryptos positions it as a great choice for traders looking to tap into the growing crypto market.
| Asset Class | Number of Assets | Leverage | Spreads (Typical) |
|---|---|---|---|
| Forex | 107+ | 1:2000 | From 0.0 pips |
| Commodities | 6+ | 1:2000 | From 0.3 pips |
| Stocks | 140+ | 1:20 | From 0.3 pips |
| Cryptos | 30+ | 1:5 | From 0.1% |
| Indices | 13+ | 1:2000 | From 0.2 pips |
| Bonds | 6+ | 1:20 | From 0.2 pips |
| ETFs | 15+ | 1:10 | From 0.5 pips |
| Options | 5+ | 1:10 | From 0.5 pips |
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Exness Trading Platforms
Exness offers two of the most popular trading platforms in the industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are known for their ease of use and comprehensive set of tools, making them perfect for both beginners and experienced traders. The platforms come with advanced charting tools, technical indicators, and automated trading capabilities, which are essential for effective trading.
Both MT4 and MT5 are available for desktop and mobile devices, allowing traders to trade on the go. Exness also offers a web trading platform for traders who prefer not to download software, which provides full functionality and ease of access from any browser.
| Platform | Availability | Features |
|---|---|---|
| MT4 | Desktop, Mobile, Web | Charting tools, automated trading, indicators |
| MT5 | Desktop, Mobile, Web | Advanced analysis tools, multi-asset trading |
| Web Platform | Web-only | Real-time data, one-click trading |
| Exness Trader | Mobile, Web | Easy-to-use mobile platform, charting tools |
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Exness Mobile App
Exness offers a user-friendly mobile app for both iOS and Android, making it easy for traders to manage their accounts and execute trades from anywhere. The mobile app is highly rated for its smooth interface and intuitive design, making it a great choice for beginner traders. It includes most of the features available on the desktop platform, such as real-time market data, technical analysis tools, and order management.
The app is available for both iPhone and Android users, with consistently high ratings in both app stores. The mobile app allows traders to monitor positions, deposit funds, and even access customer support, all from the palm of their hands.
| Feature | iOS Rating | Android Rating |
|---|---|---|
| Mobile Trading | 4.7 | 4.5 |
| User Interface | 4.8 | 4.6 |
| Real-time Data | 4.7 | 4.6 |
| Order Execution | 4.7 | 4.6 |
Exness Account Types
Exness offers a variety of account types to cater to different types of traders. Whether you’re a beginner or a professional, there is an account type suited to your needs. The accounts include the Standard account for beginners, the ECN account for more experienced traders, and the VIP account for traders who require additional services.
The Standard account is ideal for beginners, offering low spreads and no commission fees. On the other hand, the ECN account provides access to raw spreads and fast order execution, which is beneficial for more experienced traders who prefer lower spreads. The VIP account offers the most comprehensive features and high leverage options.
| Account Type | Minimum Deposit | Leverage | Spreads | Commission |
|---|---|---|---|---|
| Standard | $1 | 1:2000 | From 0.1 pips | No commission |
| ECN | $200 | 1:2000 | From 0.0 pips | From $3 per lot |
| VIP | $3000 | 1:2000 | From 0.0 pips | From $2 per lot |
| Islamic | $1 | 1:2000 | From 0.1 pips | No commission |
| Cent Account | $1 | 1:2000 | From 0.1 pips | No commission |
Exness Commissions & Fees
Exness offers competitive fees and commissions depending on the account type you choose. The Standard account has no commission charges, making it a great option for beginners who want to keep their costs low. The ECN and VIP accounts, on the other hand, come with small commissions, but they also provide access to raw spreads, which can lead to lower overall costs for active traders.
It’s important to consider the spread and commission structure when choosing an account type. Beginners should stick with the Standard account to minimize their initial costs, while more experienced traders can opt for ECN or VIP accounts for better trading conditions.
| Fee Type | Standard Account | ECN Account | VIP Account | Swap-Free Account |
|---|---|---|---|---|
| Commission | No | From $3/lot | From $2/lot | No commission |
| Spread (Forex) | From 0.1 pips | From 0.0 pips | From 0.0 pips | From 0.1 pips |
| Swap Fees | Yes | Yes | Yes | No swap fees |
| Swap-Free Option | No | Yes | Yes | Yes |
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Exness Deposit & Withdrawals
Exness supports a wide range of payment methods for both deposits and withdrawals. Traders can use popular options such as bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller. Deposits are processed instantly, while withdrawals may take up to 24 hours, depending on the payment method used.
The broker offers zero fees for deposits, making it easy to fund your account without incurring additional costs. However, withdrawal fees may vary depending on the method used, so it’s worth checking the details before making a withdrawal.
| Payment Method | Deposit Fee | Withdrawal Fee | Processing Time |
|---|---|---|---|
| Bank Transfer | Free | $10 | 1-3 business days |
| Credit/Debit Card | Free | $5 | Instant |
| E-wallets | Free | Free | Instant |
| Cryptocurrency | Free | Free | Instant |
| Skrill | Free | Free | Instant |
| Neteller | Free | Free | Instant |
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Exness Customer Support
Exness prides itself on providing top-notch customer support, available 24/7. Traders can reach out to the support team via live chat, email, or phone, and the team is highly responsive and knowledgeable. Whether you’re facing a technical issue or need assistance with an account, Exness’s customer support is ready to help at any time.
The support is offered in multiple languages, ensuring that traders from around the world can get assistance in their preferred language.
| Support Channel | Availability | Response Time | Languages |
|---|---|---|---|
| Live Chat | 24/7 | Instant | 15+ languages |
| 24/7 | 1-2 hours | 15+ languages | |
| Phone Support | 24/7 | 1-2 minutes | 15+ languages |
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Exness Education & Research
Exness offers a range of educational materials to help beginners learn the basics of trading. From video tutorials to eBooks, the educational center covers various topics, including technical analysis, trading strategies, and risk management. The quality of the educational content is solid, providing essential information that can help you get started in trading.
For more advanced traders, Exness also offers market analysis and research tools to stay updated on the latest market trends. These resources are available through the Exness website and can be accessed anytime.
| Resource Type | Availability | Quality |
|---|---|---|
| Video Tutorials | Free | High |
| eBooks | Free | High |
| Market Analysis | Free | High |
| Webinars | Free | High |
| News Feed | Free | High |
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Exness Google Reviews & Reputation
Exness has built a strong reputation over the years, and this is reflected in its user reviews. The broker enjoys a good reputation for its reliable platforms, competitive fees, and excellent customer service. On platforms like Trustpilot, Exness maintains a strong rating, with many users praising its ease of use and transparency.
While no broker is perfect, Exness generally receives positive reviews from its clients, especially when it comes to customer support and trading conditions.
| Rating Factor | Score (out of 5) | Trustpilot Rating | App Store Rating | Google Play Rating |
|---|---|---|---|---|
| User Satisfaction | 4.5 | 4.4 | 4.7 | 4.6 |
| Platform Quality | 4.6 | 4.6 | 4.8 | 4.7 |
| Customer Service | 4.7 | 4.5 | 4.7 | 4.6 |
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Exness Bonuses & Promotions
Exness offers a variety of bonuses and promotions to attract new traders. For instance, new traders can take advantage of deposit bonuses or risk-free trading periods. However, it’s important to read the terms and conditions of each bonus, as there are often specific requirements before you can withdraw any funds.
Additionally, Exness runs regular promotions for existing clients, such as loyalty rewards or trading contests. These promotions help keep traders engaged and provide extra opportunities to enhance trading profits.
- Deposit Bonuses
- Risk-Free Trades
- Trading Contests
- Loyalty Rewards
Exness Advantages & Disadvantages
Exness is a reliable and beginner-friendly broker, but like all brokers, it has both pros and cons. Here is a summary of the key advantages and disadvantages:
| Pros | Cons |
|---|---|
| Strong regulatory oversight | Limited product range for advanced traders |
| Excellent customer support | Some fees for withdrawals |
| Easy-to-use platforms | No proprietary trading platform |
| Competitive spreads and commissions | Limited educational materials for advanced traders |
Final Thoughts
Exness stands out as a beginner-friendly broker offering a wide range of features and a solid reputation. With its competitive spreads, no commission fees on certain accounts, and strong customer support, it’s an excellent choice for those just starting their trading journey. Exness’s educational resources and intuitive platforms make it easy for new traders to get started and improve their trading skills.