Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
||Regulated by FCA, CYSEC & FSCA
||Currency Pairs, CFDs on Stocks and Indices, Energies, Metals and Cryptocurrencies
||Standard (2) & Professional (3)
||Vary on the account type
||Vary on the account type
||MT4 & MT5
|Deposit & Withdrawal Method
||Bitcoin, Bank cards, MyPay, UsePay, China UnionPay, Skrill, Neteller, OTC365, SticPay, USD Coin, Tether, Wire Transfer, and Webmoney
||7/24 Live Chat, Phone, Email, Address
Exness, a trading name of Exness Europe Limited, is allegedly a multi-asset broker founded in 2008 and registered in Cyprus that claims to provide its clients with various tradable financial instruments with unlimited leverage and floating spreads on the MT4 and MT5 trading platforms via five different live account types, as well as 24/7 customer support service. Here is the home page of this brokers official site:
As for regulation, it has been verified that Exness is regulated by Financial Conduct Authority - FCA, Cyprus Securities and Exchange Commission - CYSEC, and Financial Sector Conduct Authority - FSCA, while the Seychelles Financial Services Authority - FSA license is offshore regulated. That is why its regulatory status on WikiFX is listed as “Regulated” and receives a very high score of 9.01/10.
Note: The screenshot date is January 13, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
With Exness, investors are allowed to access massive markets. An extensive range of financial instruments, including currency pairs, metals, digital currencies, energies, indices, and stocks are all available on this brokerage platform.
Trading accounts at Exness are divided into Standard and Professional accounts. Standard accounts include Standard and Cent accounts. The minimum initial deposit depends on the payment method.
There are also three professional trading account options: Bare Spots, Zero and Pioneer accounts, with a minimum initial deposit of $2,000.
The maximum leverage available at Exness is 1: unlimited, a truly generous offering. However, since leverage can amplify gains as well as losses, forex traders must select the level of leverage that they feel most at ease with.
Spreads & Commissions
Spreads and commissions are determined by the trading account type.
Standard and Cent accounts offer a zero-commission trading environment, with spreads starting from 0.3 pips.
Bare Spots and Zero account holders are offered spreads from 0.0 pips, with a commission of up to $3.50 per lot per side and from 0.1 per lot per side respectively.
While for Pioneer accounts, traders can enjoy zero commission and floating spreads from 0.1 pips.
Trading Platform Available
Exness uses leading trading platforms on the global trading market, including MT4, MT5, and WebTerminals. Traders can develop and implement trading strategies of various levels of complexity through MetaTrader 4 and submit most types of trading orders by using two order execution methods: instant execution and market execution. In addition, analysis and trading operations in financial markets are fully automated. The main advantage of MT5 is that the development and editing interface can be started directly on the terminal, and the new program will be automatically displayed in MT5; the new language solves some of the limitations of MQL4 and adds more functions and graphical objects. The company chose the MT5 hedging mode system. Under this system, traders can open multiple positions for the same trading product, including opposite positions. Besides, users can also access the web version of MT4&MT5 on the company's official website.
Aside from multiple trading platform choices, Exness also give its clients an array of useful trading tools to help them quickly become advanced and professional traders. These trading tools include Analytical Tools, Traders Calculator, Economic Calendar, Currency Converter, Tick History, VPS Hosting, and Trading Central WebTV.
Deposit & Withdrawal
Super Trade Fx says to work with numerous means of deposit and withdrawal choices, consisting of Bitcoin, Bank cards, MyPay, UsePay, China UnionPay, Skrill, Neteller, OTC365, SticPay, USD Coin, Tether, Wire Transfer, and Webmoney.
The minimum initial deposit requirement is $10, and the minimum withdrawal amount is $1. The processing time of deposits and withdrawals varies depending on the method, and you can find more details in the below screenshot.
Exness customer support can be reached by telephone: 400-120-3053, 108001301849, 108007131888, or email: email@example.com. It supports 16 languages - English, Chinese, Thai, Vietnamese and Kiswahili available online 24 hours a day, 7 days a week. Detailed information on the company address can be found in the below screenshot.
Pros & Cons
|• Well regulated
||• FSA license is offshore
|• Multiple tradable assets, account types and payment methods offered
|• Demo accounts available
|• MT4 & MT5 supported
|• Low minimum deposit ($10)
Frequently Asked Questions (FAQs)
||Is Exness regulated？
||Yes. Exness is regulated by FCA, CYSEC & FSCA.
||Does Exness offer demo accounts？
||Does Exness offer the industry-standard MT4 & MT5？
||Yes. Exness supports both MT4 and MT5.
||What is the minimum deposit for Exness？
||The minimum initial deposit with Exness is only $10.
||Is Exness a good broker for beginners？
||Yes. Exness is a good choice for beginners because it offers a wide variety of tradable assets, which gives traders plenty of options to choose from. Also, it offers demo MT4 and MT5 accounts that allow traders to practice trading without risking any real money.