Exness – Forex Broker review

Exness – Forex Broker review
3.7 (73.33%) 3 votes

Read Exness forex broker review, rating and detail information for their services below. Exness founded in 2008 in St. Petersburg, Russia. As per clients review Exness is very trustworthy and transparent forex broker. Because of that, Exness reached $180 billion in monthly trading volume by the middle of 2014. In an average 15,000 traders opened their account with Exness every month. Furthermore, the total Exness owned fund as of 31st December 2017, is around $214.9 million which included $42.9 million of clients’ fund.

Regulation

Exness is regulated by the Financial Conduct Authority (FCA) in United Kingdom. They also have their own office in Cyprus which is called Exness (Cy) Ltd. In Cyprus, it is regulated by the Cyprus Securities and Exchange Commission (CySEC). Finally, Exness (Cy) Ltd is a member of the Investor Compensation Fund. This is served to protect and secure the claims of covered clients. Also, it will provide their traders with compensation in instances where the member of the Fund cannot meet its financial obligations.

Awards

Exness won the following awards for its product offerings and services.

  • EXNESS has been distinguished as the “Best Mini Broker” in 2013 by the British financial magazine World Finance Media.
  • According to International Business Times, EXNESS was nominated best broker in Russia on its operations for 2011.
  • EXNESS awarded as the Best Broker in Asia at the International Exhibition International Investment and Finance Expo, held in China from 21 to 23 September 2012.

Trading Platforms

EXNESS provides both MetaTrader 4 and MetaTrader 5 platform developed by MetaQuotes Software to its clients for an efficient and reliable trading experience. Furthermore, Exness’s MetaTrader offering all the default MetaTrader experience including News headlines stream from Dow Jones News. Exness also offers iOS and Android mobile trading applications for its MetaTrader platforms. The app is free and can be downloaded from Google PlayStore and Apple App Store.

Commissions & Spreads

Like other online Forex brokers, Exness commissions and fees vary in different kind of accounts. In the Classic MT4 account a minimum deposit is $2000. Above all, the spreads are slightly lower in Classic MT4 account than in the Mini account. For ECN trading accounts, there is a minimum fee of $25 for each one-million-dollar trade. Even more, Exness lists an average spread of 0.9 pips for the Classic account.

Exness SpreadsPayment options

Exness Supports Cash-U, Credit Card, Neteller, PerfectMoney, Skrill, Webmoney, Wire Transfer for deposits and withdrawal.

Support

Customer support at Exness is available 24/5. There are several ways which you can get in touch with the support team such as Livechat, Call Back service, Telephone support and Email. Their Telephone support number is +357 25 030 959. They also have the benefits of multi-lingual support and it is available in Arabic, Bahasa Indonesia, Bahasa Malaysia, Chinese, English, Farsi, German, Russian, Thai, Vietnamese. Also, customer support available in indic languages like Hindi, Urdu, Tamil, Bengali.

Exness Detail Information

Company Exness Global Limited (CY), Exness Limited (VC)
Founded and online since 2008
Offices in Cyprus, Russian Federation, Saint Vincent and the Grenadines
Payment options c-gold, CashU, Credit/debit cards, Neteller, Payweb, Perfect Money, Skrill, Ukash, WebMoney, Wire transfer, Yandex.Money
Demo platforms MetaTrader 4, MetaTrader 5
Account currencies Argentine peso, Australian dollar, Belarusian ruble, Brazilian real, Bulgarian lev, Canadian dollar, Chinese yuan, Colombian peso, Croatian kuna, Czech koruna, Danish krone, Egyptian pound, Euro, Georgian lari, Great Britain pound, Hong Kong dollar, Hungarian forint, Icelandic króna, Indonesian rupiah, Israeli new sheqel, Japanese yen, Jordanian dinar, Kazakhstani tenge, Kuwaiti dinar, Latvian lats, Lithuanian litas, Mexican peso, New Zealand dollar, Norwegian krone, Philippine peso, Polish złoty, Romanian new leu, Russian rouble, Singapore dollar, South African rand, South Korean won, Swedish krona, Swiss franc, Thai baht, Turkish lira, Ukrainian hryvnia, United Arab Emirates dirham, United States dollar, Uzbekistan som, Vanuatu vatu
Currency pairs
AUD/CAD AUD/CHF
AUD/CZK AUD/DKK
AUD/GBP AUD/HUF
AUD/JPY AUD/MXN
AUD/NOK AUD/NZD
AUD/PLN AUD/SEK
AUD/SGD AUD/TRY
AUD/USD AUD/ZAR
CAD/CHF CAD/CZK
CAD/JPY CAD/MXN
CAD/NOK CAD/PLN
CAD/TRY CHF/DKK
CHF/HUF CHF/JPY
CHF/MXN CHF/NOK
CHF/PLN CHF/SEK
CHF/SGD CHF/TRY
CZK/PLN DKK/CZK
DKK/HUF DKK/JPY
DKK/PLN DKK/SGD
DKK/ZAR EUR/AUD
EUR/CAD EUR/CHF
EUR/CZK EUR/DKK
EUR/GBP EUR/HUF
EUR/JPY EUR/MXN
EUR/NOK EUR/NZD
EUR/PLN EUR/SEK
EUR/SGD EUR/TRY
EUR/USD EUR/ZAR
GBP/AUD GBP/CAD
GBP/CHF GBP/CZK
GBP/DKK GBP/HUF
GBP/ILS GBP/JPY
GBP/MXN GBP/NOK
GBP/NZD GBP/PLN
GBP/SEK GBP/SGD
GBP/TRY GBP/USD
GBP/ZAR HKD/JPY
HUF/JPY MXN/JPY
NOK/DKK NOK/JPY
NOK/SEK NZD/CZK
NZD/DKK NZD/HUF
NZD/JPY NZD/MXN
NZD/NOK NZD/PLN
NZD/SEK NZD/SGD
NZD/TRY NZD/USD
NZD/ZAR PLN/DKK
PLN/HUF PLN/JPY
PLN/SEK SEK/DKK
SEK/JPY SEK/NOK
SGD/HKD SGD/JPY
TRY/DKK TRY/JPY
TRY/ZAR USD/CAD
USD/CHF USD/CZK
USD/DKK USD/HKD
USD/HRK USD/HUF
USD/JPY USD/LTL
USD/MXN USD/NOK
USD/PLN USD/SEK
USD/SGD USD/TRY
USD/ZAR XAG/AUD
XAG/EUR XAG/GBP
XAG/USD XAU/AUD
XAU/EUR XAU/GBP
XAU/USD ZAR/JPY
Regulated by CRFIN (Russia), 006940971; CySEC, 178/12; IFSA (St. Vincent and Grenadines), 21927 (IBC 2014)
Website available in Arabic, Bengali/Bangla, Chinese, Czech, English, French, German, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malayalam, Persian, Polish, Portuguese, Russian, Spanish, Thai, Urdu, Vietnamese
Support available in Arabic, Bengali/Bangla, Chinese, English, Hindi, Indonesian, Malay, Persian, Russian, Tamil, Thai, Urdu, Vietnamese
Support methods Callback, Email, Office, Phone
Trading server time zone GMT
VPS for traders Free

Exness Features

  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading

Account Types

For trading accounts, Exness has four main types of accounts. For the Mini and Cent accounts, there is no minimum deposit requirement. Classic account required $2000 deposit. Likewise, to open a ECN account, traders need to deposit $300. Exness also has demo account for beginners.

  • Mini Account
    • Hedging
    • Overnight interest rates (swaps)
    • Pending orders
    • One-click trading
    • Browser-based platform
  • Classic Account
    • Hedging
    • Overnight interest rates (swaps)
    • Pending orders
    • One-click trading
    • Browser-based platform
  • ECN Account
    • Hedging
    • Pending orders
    • One-click trading
    • Browser-based platform
  • Cent Account
    • Hedging
    • Pending orders
    • One-click trading
    • Browser-based platform

Exness Reviews and Rating

Exness.com recognizes the challenges it faced by being in Russia, the company had gone out on limb to ensure that it can provide a safe trading environment for their clients. In 2012 Exness reached $450 billion trading volume. Deloitte, one of the biggest auditing companies in the world, and part of the “Big Four”, audited the financial credibility of Exness. They also have growing client base every year.

Support
80%
Platform
80%
Bonus
50%
Commission
60%
Leverage
70%

Pros

  • Good Customer service
  • Reliable Trading platform
  • Automatic withdrawals request processing
  • CySEC and FCA regulated
  • Multiple types of trading accounts
  • Low deposit requirement
  • Commission Free Transactions
  • Multi-language Website

Cons

  • Limited in-house research
  • Other than Forex and Metal, less CFD available
  • Only One time Bonus or Promotion
6.8

Average Score

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