Exness forex detailed review

Exness is a great platform for Forex traders with 97 currency pairs and stock traders with 98 blue-chip stocks, 13 commodities and 10 indices along with 34 cryptocurrency pairs. It is a great choice for strategic traders who need highly liquid trading tools.

General information

Exness is an online brokerage company headquartered in Cyprus, which has been operating in the Forex market since 2008. Exness operates legally in over 130 countries and is fully compliant with local laws in all jurisdictions. legal field. It also offers other assets including Equity, Cryptocurrencies, Metals, Energy, etc.

NameExness
Founded year2008
Headquarters locationPorto Bello, 1 Siafi Street, Office 401, 3042, Limassol, Cyprus
Official websitehttps://exness.com
Contacting methods– Chat trực tiếp 24/7
– Through the email support@exness.com
– Call phone number
Trading productsForex, metals, cryptocurrencies, energies, indices, stocks
Minimum deposit10$
Leverage1:2000 | Unlimited
Trading platformsMetaTrader 4, MetaTrader 5, proprietary platforms
FeesDepends on account type

Pros and cons

ProsCons
• Licensed to operate by reputable financial agencies in the world.
• Allows trading with 6 different asset groups.
• Competitive fees and low spreads.
• Diverse types of trading accounts.
• Diverse deposit and withdrawal methods, quick deposit and withdrawal times.
• The system supports instant order matching and market order matching.
• Professional customer care service, including Vietnamese language support.
• Availability of freely exchangeable assets.
• Low exchange fees.
• High maximum leverage ratio, which can expose investors to many risks.
• Lack of proper trade copying options.
• Not supported in all countries.

Is Exness a scam?

Exness is a absolutely safe, legal and trustworthy broker that you can trust your trades, strategies and profits. You don't have to worry about the foundation. However, you should always ensure that you take basic precautions when trading and investing.

Licenses

Exness is licensed by the following authorities:

  • SC Ltd: This is a stock trading company regulated by the Seychelles Financial Services Authority FSA through license number SD025.
  • Exness B.V. is a securities intermediary company licensed by the Central Bank and Sint Maarten through license 0003 LSI.
  • VG Ltd: this company is licensed to operate by the Financial Services Commission through 2 licenses 2032226 in BVI and SIBA/L/20/1133.
  • ZA Ltd: is a financial services provider authorized by the South African Financial Conduct Authority.

Security methods

Exness always complies with the security policies issued by financial institutions regarding customer information and rights, so customers do not need to worry about information being stolen. 
Exness offers 2FA security to ensure the security of customer accounts. With this security, customers need to perform verification through two steps: the first is verification by serial number via phone number or email, the second is verification at Google Authenticator.

Types of trading accounts

Standard Account

This is a popular account and suitable for all traders, suitable for even new traders. There are 2 standard account types: Standard and Standard Cent.
Their characteristics are low capital requirements, low costs, and small volume transactions.

CharacteristicStandard AccountStandard Cent Account
Minimum deposit10$10$
SpreadsFrom 0.3 pipFrom 0.3 pip
Trading productsAll productsForex, metals
Commission feesNoNo
Maximum leverageUnlimited (MetaTrader 4)
1:2000 (MetaTrader 5)
Unlimited (MetaTrader 4)
1:2000 (MetaTrader 5)
Pending ordersUnlimitedUnlimited
Minimum lot0.010.01
Maximum lot200200

Pro Account

This account is for experienced investors. It has 3 account types: Raw Spread, Pro and Zero.
It supports instant order execution so you can enjoy the tightest spreads without paying commissions.

CharacteristicRaw SpreadZeroPro
Minimum deposit200$200$200$
SpreadsFrom 0.1 pipFrom 0.1 pipFrom 0.1 pip
Trading productsAll productsAll productsAll products
Commission fees7$/lot7$/lotFree
Maximum leverageUnlimited1:20001:2000
Pending ordersUnlimitedUnlimitedUnlimited
Minimum lot0.010.010.01
Maximum lot200200200

Trading platforms

Exness provides investors with two main trading platforms: MetaTrader 4 and MetaTrader 5. However, the exchange also provides Exness Trader and Exness Terminal applications to help investors have a better trading experience.

Trading product types

Exness offers a variety of assets for investment traders such as:

  • Forex: There are 107 currency pairs, including 7 major pairs.
  • Metal: 10 metal codes with 4 main metals: gold, silver, platinum and Palladium.
  • Energies: Allows trading with popular energy products such as natural gas, Brent crude oil.
  • Cryptocurrencies: Digital currencies are popular worldwide.
  • Stock codes: Digital currencies are popular worldwide.

Fees

The leverage that Exness provides is up to 2000 for all accounts, and the fees at the exchange are also extremely reasonable. Spread level with difference from 0.0 to 0.1 pip for Pro account and Standard account types will be 0.3 pip. With the commission fee when making transactions, traders will receive absolutely no fees for Pro and Standard accounts, and for Zero and Raw Spread accounts, this fee will be 7$/lot.

Deposit and withdrawal methods

Exness's deposit and withdrawal speed is considered "super fast" because they 24/7 automatic payment support without waiting for manual review like many other brokers. This broker doesn't charge any deposit and withdrawal fees. Some popular payment methods include:

  • Visa/Mastercard
  • Internet Banking
  • E-Wallets (Neteller, Skrill, SticPay)
  • NganLuong
  • Cryptocurrencies (Bitcoin, USDT, USDC)
  • VietQR, Wire Transfer…

Customer support

Customer care staff supports 24/5 in 11 languages and 24/7 in English and Chinese. Ensure all investors' questions and problems are answered enthusiastically and professionally.

Conclusions

Exness has low transaction fees, flexible leverage and no overnight fees for select assets, account base currency selection, supported payment processors, and order execution statistics. Exness is among the most trusted brokers thanks to its wide-ranging coverage of 97 currency pairs. Co-op programs are an outstanding and well-paying option for those looking for passive income opportunities.

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