Exness Review 2020

Exness Rated 3/5
learn more Learn more about eToro. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Exness Guide

Exness are an online broker founded in 2008 offering Forex trading.

Exness are a global broker and have a head office in Cyprus.

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.

Benefits of trading with Exness

  • 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)
  • Headquarters Country : Cyprus
  • Foundation year 2008
  • Min Deposit : 1
  • Used by over 10,000 traders
  • Exness is not available in the following countries : US, JP, SG
Open Exness's Website

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 Review Table of Contents

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 12 years Exness have a head office in Cyprus.

Exness is regulated. This means Exness are supervised by and is checked for conduct by the 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) 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

Losses can exceed deposits

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

Broker Exness eToro XTB Pepperstone
Year Established 2008 2006 2002 2010
Head Office Cyprus Cyprus, UK Poland Australia
Regulation 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) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
Used By 10,000+ 12,000,000+ 250,000+ 10,000+
Negative balance protection No Yes Yes
Guaranteed Stop Loss No Yes No
Learn More Visit Exness Visit eToro Visit XTB Visit Pepperstone
Risk Warning Losses can exceed deposits 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

Exness Pros and Cons

What we like about Exness

  • Used by over 10,000 traders
  • Established in 2008
  • 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)
  • Min. deposit from $1

What we don't like about Exness

Exness Financial Regulation and Supervision in more detail

We have checked and Exness is regulated and supervised by reputable organisations. You are able to check every Exness supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with Exness. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect Exness traders and provide a safe trading environment.

Exness is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as Exness you should be sure they're legitimate online agent.

Exness General Fees

  • Exness withdrawal fees varies on payment method
  • Exness doesn't charge inactivity fees
  • Exness does charge deposit fees
Broker Exness eToro XTB Pepperstone
Min Deposit 1 200 0 200
Withdrawl Fees Yes Yes varies No
Inactivity Fees No Yes No Yes
Deposit Fees Yes No No No
CFD Commission Fees $10- $30 No Yes Yes

Exness Commissions

  • Exness does charge commission on CFD instruments.

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 eToro and XTB below.

Losses can exceed deposits

Broker Exness eToro XTB Pepperstone
Instruments Available 100 100 1,500 100
Platforms MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
FX / Currencies Visit Exness Visit eToro Visit XTB Visit Pepperstone
Forex pairs offered 110 50 50 70
Major forex pairs Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes Yes
Exotic forex pairs Yes Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit Exness Visit eToro Visit XTB Visit Pepperstone
Commodities Offered 0 0 21 16
Metals No Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes No
Indiced & Stock CFDs Visit Exness Visit eToro Visit XTB Visit Pepperstone
Stocks Offered 0 957 1696 60
UK Shares No Yes Yes No
US Shares No Yes Yes No
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes No

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
  • STP 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

Exness withdrawl and funding methods.

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

  • Credit cards
  • Bank Transfer
  • Payoneer
  • Neteller
Broker Exness eToro XTB Pepperstone
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer Yes Yes Yes Yes
Neteller Yes Yes Yes Yes

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.

Education resources at Exness

To trade effectively with Exness, it's important to get a have a good understanding of the Exness trading tools and the markets.

Exness offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Exness.

Take time to look around the Exness platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer 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 live chat and email support in multiple languages.

Livechat Support at Exness

Exness does not offer LiveChat Support.

Email Support at Exness

We sent several emails to Exness and answer times overall were excellent. The fastest response from Exness was less than 15 minutes and the slowest response was 7 hours. Support response times may vary for you with Exness, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from Exness.

Phone Support at Exness

We called Exness and the call was answered very quickly. The call was answered in less than 5 minutes.

The Exness phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Exness team by calling in varying languages. Exness made an effort to make sure our queries were answered.

Overall great phone support from Exness.

See how Exness Support Compares Against Other Brokers

Broker Exness eToro XTB Pepperstone
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Russian, Chinese, Urdu, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, and Spanish English, German, Spanish, French, and Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Learn More Visit Exness Visit eToro Visit XTB Visit Pepperstone
Risk Warning Losses can exceed deposits 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

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), 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.

Is Exness A Good Broker?

We spent over 3 months examining Exness in depth. Although we found some very useful aspects of the Exness platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Exness broker.

  • Exness have a good track record of offering Forex.
  • Exness has a history of over 10 years.
  • Exness has a reasonable sized customer support of at least 10.
  • Exness are 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). This means Exness fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Exness have regulation from a Tier 1 reputable country.
  • Exness has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Exness have an international presence in multiple countries. This includes local Exness seminars and training.
  • Exness are able to hire people from various locations in the world who can better communicate in your local language.

Exness Risk Disclaimer

Losses can exceed deposits

Exness not quite right?

Check out these Exness Alternatives

We have spent years researching the best alternatives to Exness. Click the links below to learn more.

If you feel some of the above Exness are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Exness alternatives below.

Related Exness Comparisons

If you would like to see how Exness stands up against other brokers you can read some of our Exness comparisons below. We compare side by side some of our top rated Exness versus comparisons. Read some indepth Exness VS pages below.

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 following funding payment methods accept Credit cards, Bank Transfers, Payoneer, Neteller, Wire Transfer, among other payment methods.
Learn more here

Losses can exceed deposits

Is Exness safe?

Exness are considered safe as they are regulated by and checked for conduct by the 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). 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.

Is Exness trading good?

Exness is considered good and reputable to trade with. ExnessExness is used by over Exness active traders. Exness offers Forex trading. Minimum deposit with Exness is mindeposit.

Is Exness trading Legit?

Exness was founded in Cyprus in 2008. Exness has been facilitating trade on the financial markets for over 12 years. Exness offers clients Forex trading. All funds deposited to Exness are held in segregated tier 1 bank accounts for security. 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) so can be considered legit.

Is Exness a good broker?

Exness is overseen by the top tier financial regulators 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) so can be considered a good broker.Exness allows Forex trading.

Is Exness trustworthy broker?

Exness can be considered trustworthy. All money funded to Exness is placed into a segregated tier 1 bank account. this means your money in not held by Exness directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also 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).

What is the minimum deposit for Exness?

The minimum deposit to trade with Exness is 1.

How long do Exness withdrawals take?

Withdrawing money from Exness processing time varies but averages 2-5 days.

Is Exness regulated?

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).

Is Exness a market maker?

Exness is a market maker. Stocks, currency and other commodities and instruments will be purchased by Exness even if no buyer is lined up.

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 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). 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.

Is Exness a con?

Exness is regulated and well established having been in business for over 12 years. Exness is definitely not a con.

Can you make money with Exness?

Although traders have had great success with Exness. Trading on the financial markets with Exness is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Losses can exceed deposits.

Does Exness have fees?

Exness withdrawal fees varies on payment method. Exness doesn't charge inactivity fees. Exness does charge deposit fees.

When was Exness founded?

Exness was founded in 2008.

How many people use Exness?

Exness is used by over 10000 registered traders.

What is Exness Headquarters country?

Exness has its head quarters office in Cyprus.

Does Exness offer negative balance protection?

Exness does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does Exness offer guaranteed stop loss?

Exness does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price.

Does Exness allow scalping?

Exness offers scalping.

Does Exness allow hedging?

Exness offers hedging.

Does Exness offer CFD trading?

Exness does not offer CFD trading.

Does Exness offer STP?

Exness offers STP trading.

How many people use Exness?

Exness is used by over 10000 traders.

Is Exness an ECN broker?

Exness offers ECN trading.

Does Exness offer a demo account?

Exness offers a demo account.

Does Exness offer an Islamic account?

Exness offers a Islamic accounts.

What are the funding methods for Exness?

Exness accept the following funding methods : Credit cards, Payoneer, Neteller, Bank Transfer.

Exness review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Exness brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Exness review written by Mark Hansen of Comparebrokers.co