Exness Review

Regulation

Exness Group is presented in several countries and parts of the world that lead to the establishment of the offices that are being regulated by local authorities. For example, ‘Exness UK Ltd’ is regulated by the Financial Conduct Authority (FCA). Also, ‘Exness CY Ltd’ is a long-life company that long time ago received a license from CySEC that is a Cyprys regulator. Both of the licenses are treated as a true Tier-1.

The mentioned above licenses allow the broker to provide financial products and services in the above-mentioned countries and local areas. FCA license is especially valued due to the recent Brexit news. Last but not least, there is also a license from Seychelles, being offshore, which provides an ability to register with Exness to the ones, who want slightly lower limitations in terms of KYC procedure, higher leverage, and some other features.

Feature	Condition
Foundation year	2008
Publicly Traded on Exchange	❌
Tier-1 Licenses	CySEC, FCA
Tier-3 Licenses	FSA

Instruments

Exness has a good variety of instruments that can suit the majority of traders. Among the available asset types, there are Forex, Cryptocurrencies, Energies, Indices, and Stocks CFD.

The Forex symbols are an industry average and include all major, minor, and exotic pairs. Among the cryptocurrencies, there are only 7 pairs so the list of this kind of asset is not large enough. The energies, indices, and metals are also presented by a common set of assets so there nothing irregular here either.

Among the presented stocks there are available only American stocks, traded on NASDAQ and NYSE exchanges and that have a very high capitalization, like Apple, Microsoft, Google and others.

Feature	Condition
Major forex pairs	✅
Minor forex pairs	✅
Exotic forex pairs	✅
Cryptocurrencies	✅
CFD
Metals	✅
Energies	✅
Agricultural	✅
Shares
UK shares	✅
US shares	✅
German shares	✅
French shares	✅

Trading platforms

Exness has a standard set of trading platforms that is familiar to everyone who has any relation to the Forex world. These platforms are MetaTrader 4 and MetaTrader 5. There are various MetaTrader 4 indicators that can help to trade more successfully.

It is not a rare fact that the competitors of Exness offer trading terminals of other vendors or even their proprietary ones, so this fact could be treated as negative for this particular broker so the broker should improve this part of offered services.

MetaTrader 4/5

All the instruments provided by Exness are available in both versions of MT 4/5. Both MetaTrader 4 and MetaTrader 5 are provided to all the users of the broker and do not depend on the selected regulation. We are reminding you that the main difference between these two platforms is the improved execution speed, native support of cryptocurrencies, MQL5 language, built-in VPS support, and other useful features. MetaQuotes, being a vendor of MetaTrader terminals, has claimed that it stopped updating the MT4 terminal and is concentrated purely on the fifth version of its platform.

WebTerminal is also in the trader’s suite and it is still being a part of the MetaTrader eco-system. It allows users to trade from the browser without the necessity to install any terminal on the PC and does not depend on the used OS.

iOS and Android versions of MetaTrader4 and MetaTrader 5 are in the list of terminals of this broker also. The terminals usually do not differ among the brokers besides the trading conditions and available instruments for trading.

As mentioned above, there are no other terminals so users that want to use automated software like robots written on C# for cTrader or the ones that want to have direct FIX API will have to choose some other broker.

Feature	Condition
MetaTrader 4	✅
MetaTrader 5	✅
MetaTrader 4/5 iOS/Android	✅
FIX API	❌
Web Terminal	✅
cTrader	❌

Account types and conditions

Exness has decided to split their account types into 2 groups that could basically help the newcomers to choose the most suitable one. The 2 groups are the following:

• Standard
• Professional

In the standard group, there is only one account type which main feature is the absence of commission and that is available for both MetaTrader 4 and MetaTrader 5 terminals. The commission is built into the spreads like is usually done by the brokers that is why the spreads on this account type are slightly higher.

The Professional group is larger in terms of available accounts are there are available Raw Spread, Zero, and Pro accounts. All the accounts of the professional group have a minimum deposit of 200 USD or its equivalent. Also, these accounts might have leverage up to 1:2000 for MetaTrader 5 terminal if the offshore regulation is chosen, either up to 1:30 if the account is opened with a European entity. If the terminal is MetaTrader 4, the broker claims that the leverage is unlimited.

The main difference between Raw Spread and Zero accounts as mentioned by the broker itself is that on Raw Spread accounts there are the lowest spreads and a low fixed commission while Zero accounts have 0 spreads for 95% of the trading day on 30 pairs.

The Pro account differs from all others by its execution type. While other accounts have Market execution, the Pro account has Instant execution with the control of execution price, i.e. the order will not be placed if the potential execution price is worse than it was defined with the deviation parameter during order send in MetaTrader terminal.

Feature	Condition
Demo account	✅
Standard account	✅
Raw Spread account	✅
Pro account	✅

Commissions and spreads

As mentioned, Exness spread is based on the selected account type. Standard Account Spreads are starting from 0.3 pips with no commission as stated on the website of the company.

On other accounts from the Professional group like Raw Spread and Zero, the spreads are floating and the commissions differ the following way:

• On Raw Spread accounts the commissions are charged up to 3.5 USD per lot/side.
• On Zero accounts the commissions start from 3.5 USD per lot/side.

No trading commissions are charged on Pro account type, though the spreads on the instruments start from 0.1.

Deposits and Withdrawals

Exness provides instant deposits and withdrawals and of the benefits is that no commission is being charged. If the commission exists, it is built-in by the payment system (3rd-party) itself so the broker does not earn anything on the made transfers.

The company allows such fiat funding methods as credit/debit cards, Skrill, Neteller, SticPay, Perfect Money, Webmoney, and some others. Exness has been among the first brokers that implemented crypto payments so cryptocurrencies like Bitcoin, Tether, and others are among the methods for deposits and withdrawals too. The broker feels a lack of bank wires as a funding method. It might be a problem if a person wants to make a direct payment or payout related to his bank account.

Processing times of the methods depend on the payment system itself or on the blockchain in the case of cryptocurrencies though the majority of methods are marked as instant.

Feature	Condition
Bank wire	❌
Debit/Credit cards	✅
Skrill	✅
Neteller	✅
Paypal	❌
WebMoney	✅
Crypto payments	✅

Customer Support

As stated by the broker, it has advanced support that is available in 13 languages in 24/5 regime, while English, Thai and Chinese support works 24/7.

The support is accessible via the standard ways:

• Phone
• Live Chat
• E-mail

Phone support is really world-wide and there are plenty of languages available that is fairly a rare case. You can get an easy and qualified support by phone with a simple call.

Live chat could be accessed either from Trader’s Room or from the main website where you should provide the account number and name, afterwards the support operator will do its best to help.

E-mail is a standard support method that is used mainly for hard queries related to trades execution, KYC and others.

Feature	Condition
Live Chat	✅
E-mail	✅
Phone	✅

Exness Overview

Finally, Exness could be treated as one of the industry leaders. It has a couple of solid licenses and the user has the ability to chose which one to stick with. The broker has a suitable number of instruments, including cryptocurrencies that will allow traders to stick to one broker if several asset classes are required or there is some specific requirement for a particular instrument to be presented.

The trading conditions are fairly good and the broker has several account types, so every user might select the conditions that suit him more. There are available account types with zero-commissions and higher spreads and as well a set of accounts with spreads starting from zero and commissions charged.

Funding methods and Customer Support are as well on a high level being even slightly higher in terms of offered services in comparison to competitors.

The only negative part is the absence of other terminals besides MetaTrader 4 and MetaTrader 5, so it will not be possible to choose between several ones.