Exness Review for 2019

Exness Rated 4/5

Exness Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Exness we break down the pros and cons. What Exness are able to offer, what countries Exness are available in. Who Exness are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Open Exness's Website

As with any investment your capital is at risk, losses can exceed deposits.

At the bottom of this review you can also learn about some pretty good alternatives to Exness

With this review we hope to help you see if Exness is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Exness that will help you get off to a good start in the world of online trading.

Exness what you should know

Exness offer one way to trade: Forex.

With Exness you will need a minimum deposit of $1. You can sign up for a demo account to acquaint yourself with Exness platform.

Exness are able to accommodate various levels of traders whether you are experienced or a beginner.


Are Exness safe?

When choosing a broker like Exness the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2008, and in operation for 11 years Exness have a head office in Cyprus.

Exness is regulated. This means Exness are supervised by and is checked for conduct by the CySEC, CRFIN, BaFin, AFM, Banque de France, CNMV, CONSOB, FI, KNF regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Exness, this will be honored. If Exness violate any regulatory rules their regulated status could be stripped.

Any payments funded to Exness accounts by traders are held in a segregated bank account.

For added security Exness use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with Exness. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Exness

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

What we like

  • Used by over 10,000 traders
  • Established in 2008
  • Regulated by CySEC, CRFIN, BaFin, AFM, Banque de France, CNMV, CONSOB, FI, KNF
  • Min. deposit from $1

What we don't like

Exness General Fees

  • Exness withdrawal fees varies on payment method
  • Exness doesn't charge inactivity fees

Exness Commissions

  • Exness does charge commission on CFD shares

What can you trade with Exness?

You can trade a wide variety of instruments with Exness over 100 instruments infact.

If you are looking at trading currency pairs Exness offer over 110 currency pairs.

Compare Exness with Interactive Brokers and XTB below.

FX / Currencies Exness IB XTB
# of forex pairs offered 110 10 50
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes
Exotic forex pairs Yes Yes
Cryptocurrencies No No Yes
Commodity CFDs Exness Interactive Brokers XTB
# of commodities offered 0 0
Metals No Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs Exness Interactive Brokers XTB
# of Stocks offered 0 1500
UK Shares No Yes Yes
US Shares No Yes Yes
German Shares No Yes Yes
Japanese Shares No Yes Yes
Exness's
Instruments
IB's
Instruments
XTB's
Instruments

Trading on Exness web platforms and other applications

Exness is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.

An Exness IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

Exness also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See Exness's platforms

Exness Trading benefits :

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Exness Trading Accounts offered:

  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account

Can I try Exness before I buy?

Exness offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding methods do Exness accept?

Exness offer the below funding payment methods. learn more about Exness

  • Credit cards
  • Bank Transfer
  • Payoneer
  • Neteller

How can I start trading with Exness?

When opening a trading account with Exness, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Exness trading platforms here.

Performing trades with Exness

Exness allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. Exness allow you to execute a maxium trade of 200 Lot. As Exness offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, Exness offer margin up to 0.0001% on currencies.

Support at Exness

Exness support a wide range of languages including English, Russian, Chinese, Urdu, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, and Spanish

Exness have a double AA grade support rating because Exness offer over three languages, email and phone support.

What you will need to open an account with Exness

As Exness is regulated by CySEC, CRFIN, BaFin, AFM, Banque de France, CNMV, CONSOB, FI, KNF, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these 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 confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Exness's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Exness you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.exness.com/ on 12th August 2018.

EXNESS Frequently Asked Questions

Can I try Exness before I buy?

Exness offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do Exness accept?

Exness offer the below funding payment methods accept Credit cards, Bank Transfers, Payoneer, Neteller, among other payment methods. Learn more here

How can I start trading with Exness?

When opening a trading account with Exness, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Exness trading platforms here.

Is my money safe with Exness?

Exness is regulated by CySEC, CRFIN, BaFin, AFM, Banque de France, CNMV, CONSOB, FI, KNF. One of the most important criteria for traders when choosing a broker like Exness is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Exness, this will be honored. If they violate any regulatory rules their regulated status can be stripped.