Exness Review 2024

Exness review
Exness Fees Explained

• Exness withdrawal fees varies on payment method
• Exness does not charge a fee for inactive accounts.
• Exness does charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from Exness are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

Exness Costs To Check

Modern brokers like Exness provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, Exness may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall Exness trading profitability.

How Exness Fees Compare Against Other Brokers

Exness Minimum Deposit

Exness requires a minimum deposit of 1 GBP/USD/EUR when opening an Exness trading account.

A minimum deposit is the minimum amount of money required by Exness to open a new online brokerage account with them.

Don't be scared off by brokers like Exness charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like Exness, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

Exness Withdrawal Fees

The fees for withdrawing funds from your Exness account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your Exness withdrawal request is important.

Exness Withdrawal rules may vary across different brokers when it comes to transferring funds from your Exness or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with Exness may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the Exness withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from Exness. Researching and comparing Exness withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing Exness funds frequently or dealing with large sums of money. Awareness of these Exness fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your Exness funds.

For example, Exness allows you to withdraw your funds to Credit cards, Bank Transfer, Neteller, PerfectMoney, WebMoney, CashU, Payoneer.

Exness Inactivity Fees

Exness does not charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by Exness terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all Exness fees and services. It's recommended that you check the Exness website before signing up. If you decide to close your Exness account, it's important to do so with the Exness broker customer support and obtain confirmation that no remaining Exness fees are due.

Brokers like Exness must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

Exness Deposit Fees

Exness do charge deposit fees.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

Exness Commission Fees

Exness does charge commission on CFD instruments.

Brokerage firms like Exness may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the Exness trading account level held by the trader.

Exness may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing Exness terms and conditions to understand the commission fees and any other charges that may apply is essential.

Exness review
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.

A 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 trading apps help you stay on top of your trades and execute them on the go.

See Exness's platforms

Is the Exness Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the Exness trading platform to protect you on PC and mobile Exness platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using Exness web trading platforms.

Exness Trading Platform Options

After logging into your Exness account, you'll find a range of trading platform options available below.

• MetaTrader 4 (MT4)
• MetaTrader 5 (MT5)

Exness does not support the cTrader trading platform. However, if you're looking for a broker that does offer cTrader, you can explore other options available through the provided link.

Let's explore each of these trading platforms in detail and what options Exness gives you.

Exness review
Exness MetaTrader 4 (MT4)

Exness MetaTrader 4 (MT4) In Detail

MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on Exness offers traders comprehensive features and tools to enhance their trading performance. The Exness MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the Exness platform to their needs. One of the standout features of MT4 is its charting functionality, which allows Exness traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give Exness traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 Exness trading platform.

MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the Exness MetaTrader 4 (MT4) trading platform. MT4 is a platform available with Exness, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The Exness MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. Exness allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here.

You can start using the MetaTrader 4 platform with Exness in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. Exness MetaTrader 4 is compatible with the latest macOS. Exness allows traders to trade on mobile devices through Android and iOS devices like the iPhone.

Metatrader 4 Webtrader on Exness

MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.

The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.

Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.

Trade Exness MetaTrader 4 on iOS Devices

You can download the Exness app or trade with Exness through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. Exness customers have instant access to the financial market and can completely manage a Portfolio on the go.

Trade Exness MetaTrader 4 on Android Devices

Millions of people worldwide use Android mobile devices and tablets, and Exness offers its clients access to the MetaTrader 4 platform on these devices. With the Exness MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing Exness traders to stay on top of their trades and react quickly to changes in the market. With the Exness MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.

Trade Exness MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators available on Exness are a powerful bundle of three major indicators designed to help traders make informed decisions. Exness MT4 Trading Central indicators include:

• Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
• Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
• Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.

Trading Centrals Alpha Generation Indicators can help Exness traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing Exness traders to potentially stay one step ahead.

Exness MetaTrader 4 Advanced Trading Tools

The Exness MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give Exness traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, Exness provides traders with everything they need to succeed. The Exness MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing Exness traders to analyze the market at any level of complexity.

Trade Exness MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.

It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.

This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.

Exness MetaTrader 4 & MetaTrader 5 AutoChartist

Autochartist on the Exness platform is a powerful tool designed to help traders find trading opportunities quickly and easily.

Available for Exness MetaTrader 4 and MetaTrader 5 Autochartist can scan the market using an expert advisor script.

With Autochartist, Exness traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save Exness users time and makes the trading process more efficient.

The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. Exness traders can navigate the platform and find the information they need to make informed trading decisions.

Exness Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for Exness traders of all experience levels.

Exness review
Exness MetaTrader 5 (MT5)

Exness MetaTrader 5 (MT5) In Detail

Exness MetaTrader 5 (MT5) is a multi-asset trading platform with an extensive range of trading features and financial research tools. Besides the ability to trade Forex and CFDs, Exness MT5 offers access to trade Futures, Stocks, Algorithmic Trading, ETFs, and Indices. MT5 was launched in 2010 and came with advanced charting tools, additional timeframes, and an updated version of MetaTrader 4.

MT5 on Exness provides the convenience of using automated trading systems and copy trading, giving Exness traders competitive research tools in the financial markets.

You can learn more about the MT5 Platform here. You can also learn more about the differences between MT5 and MT4 here.

Trade Exness MetaTrader 5 WebTrader

Access your Exness MetaTrader 5 accounts from any web browser. MT5 on Exness features a massive range of tools like additional timeframes and the most up-to-date technical indicators to give you all the trading resources you need to trade on and analyze the financial markets.

Exness review
Exness MT5 Buying and Selling

Exness MetaTrader 5 on iOS Devices

Exness MetaTrader 5 Can Operate on newer iOS devices like the iPhone and iPad. MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi. You should upgrade the iOS MetaTrader 5 app regularly. New versions provide improved functionality and increased stability. Exness MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode.

Exness MetaTrader 5 on Android Devices

The Exness MetaTrader 5 trading platform is available on Android smartphones or tablets powered by the Android 5.0 or higher operating system. Additionally, to connect to the Exness trading server. Take the time to understand all of the Exness Android MetaTrader 5 features. With Exness MetaTrader 5 for Android, you can trade various financial instruments anytime, anywhere.

Exness Metatrader Mobile Application Features

MetaQuotes, the developers of Metatrader, have listened to the feedback of their millions of users and have built what has become one of the most popular mobile trading platforms in the world. MetaTrader features include :

• Exness Financial instrument quotes
• View in-depth price charts of financial instruments with Exness MetaTrader
• Manage trades and open positions on Exness MT4 & MT5
• View your Exness trading history
• View market news
• MetaTrader internal messaging on Exness
• View and research market statics of Exness financial instruments
• Exness Position opening and closing
• Lookup symbols in the Exness MetaTrader quotes section
• Display of deals on Exness graphs
• Exness Timeframe selection for graphs and charts
• Additional vertical scaling of Exness graphs
• Capability to transfer Exness accounts to other devices using QR codes
• Information is available only if it's supplied by Exness
• Access the OTP generator through FaceID or fingerprint with Exness

Exness MetaTrader 5 Advanced Trading Tools

Exness MetaTrader 5 has many advanced trading tools for more advanced users. Understanding these tools can give you a competitive edge.

• Exness MT5 Depth of market bids and asks
• Financial Price Data on Exness
• Margin Calculation, Futures, Forex on Exness
• Advanced Techincal Analysis on Exness MT5
• One click trading on Exness MT5
• Exness Spreads
• Exness Futures
• Exness Trading Reports

Exness Trading benefits

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

Exness Trading Accounts Offered

Below we give an overview of the account types that Exness offer. Whatever you are looking to trade, the varying Exness account types will be able to provide you with what you need.

• Exness Demo account
• Exness Mini account
• Exness Standard account
• Exness ECN account
• Exness STP account
• Exness Islamic account

Can I try Exness?

Exness provides a demo account that enables individuals to explore trading before investing their funds. By creating a Exness practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the Exness demo account can help individuals to make informed decisions before investing their money.

Open a demo Exness account to practice and trade.

Losses can exceed deposits

Exness withdrawal and funding methods

It's essential to remember that the payment methods provided by Exness vary based on the Exness entity and the Exness client's country of residence. To view the Exness payment options available, you can log into your Exness member's area.

Exness offers various funding payment methods listed in your Exness dashboard if available in your region. To learn more about the Exness funding and withdrawal options available in your area, you can explore the Exness website.

Exness provides several payment methods for funding your Exness account. You may utilize any of these deposit options if they are available in your region. Exness ensures that users have multiple payment methods to choose from, making it more convenient for verified Exness account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the Exness user's location. learn more about Exness funding and withdrawal methods.

Exness Payment Methods

Some Exness payment methods are local and are available only to specific regions. Exness account holders should check which payment methods are provided in your region.

• Exness accepts Credit cards
• Exness accepts Bank Transfer
• Exness accepts Neteller
• Exness accepts PerfectMoney
• Exness accepts WebMoney
• Exness accepts CashU
• Exness accepts Payoneer

How can I start trading with Exness?

To open a trading account with Exness, individuals can sign up on the Exness website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for Exness account validation and making a deposit. Once completed, Exness users can download the trading platform of their choice.

It's important to note that Exness requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps Exness maintain a trustworthy financial environment for its 10,000 users. Detailed information on the Exness trading platforms is available on their website.

Losses can exceed deposits

Performing trades with Exness

When using Exness, the minimum trade size is typically 0.01 Lot units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. Exness have a max trade of 200 Lot. With the ECN and STP execution methods offered by the platform, traders using Exness can enjoy tighter spreads and greater transparency when it comes to the pricing of their trades.

Like other brokers, Exness margin requirements can differ depending on the traded instrument.

Education Resources at Exness

To trade effectively with Exness, it's important to have a good understanding of the Exness trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with Exness and externally.

Exness . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with Exness. Familiarizing yourself with the Exness trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using Exness. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with Exness involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like Exness, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with Exness. Explore the Exness platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with Exness, before live trading.

Customer Support at Exness

As part of our Exness review, we review customer service options, response times and problem resolution effectiveness on the Exness trading platform. The Exness trading platform supports multiple languages, which includes English, Russian, Chinese, Urdu, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, and Spanish.

Exness Available Support Types

Exness have a double AA grade support rating because Exness offer live chat and email support in multiple languages.

Livechat Support at Exness

Exness does not offer LiveChat Support.

Email Support at Exness

Our experience with Exness email support was positive. We sent 25 emails at different times and received responses within an average of 2 hours. The fastest response was less than 15 minutes, while the slowest was 7 hours. Although response times may vary, we found their team to be helpful and knowledgeable in resolving our queries.

Phone Support at Exness

Our experience with Exness phone support was positive. The team answered the call in under 5 minutes and successfully resolved our queries over the phone. We appreciated their efforts in catering to multilingual support. Overall, a great phone support experience with Exness.

See how Exness Support Compares Against Other Brokers

What you will need to open an account with Exness

As Exness is regulated by Cyprus Securities and Exchange Commission (CySEC), CRFIN, The Federal Financial Supervisory Authority Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), Netherlands Authority for the Financial Markets (AFM), Banque de France, The National Securities Market Commission (CNMV), The Commissione Nazionale per le Società e la Borsa (CONSOB), Finansinspektionen (FI), Komisja Nadzoru Finansowego (KNF).

As a new client of Exness, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with Exness in your region. During the Exness account opening process, you will be asked to provide Exness with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with Exness have the following documents available.

• Exness require a scanned colour copy of your passport, driver's license or national ID card.
• A recent utility bill or bank statement that confirms your residential address for Exness compliance. This must be dated within the last six months.
• If you plan to fund your Exness account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the Exness platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under Exness Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring Exness's platform.

However, remember that you won't be able to make trades on Exness until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the Exness KYC compliance process as soon as possible to avoid any delays in accessing the Exness platform's features.

It is important to note that Exness may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the Exness platform and features immediately. However, you must pass the verification process to start live trading with Exness, which can take up to a few business days.

To start the process of opening an account with Exness you can visit the Exness trading platform here.
Losses can exceed deposits
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested 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 investment advice. All information collected from https://www.exness.com/ on April 22, 2024.

Exness review written by Andrew Blumer and Mark Hansen