Exness Broker Review

September 15, 2023

Exness is one of the leading forex and CFD brokers that offer instant withdrawal convenience. This broker also has super low spreads to reduce trading costs on all account types.

Exness is an international multi-asset broker founded by a team of professionals in the financial and IT fields in 2008. Based on a deep understanding of trader needs, this modern forex company provides trading facilities with the tightest spreads and accurate execution on the market today.

The Exness broker successfully recorded a trading volume of more than 1 trillion USD in the last quarter of 2021 (Data will always change and can be seen on the official Exness page)

In terms of the services provided, the Exness broker can be categorized as a broker that focuses on main trading conditions, so there are not too many extra features offered to traders. However, this comes back to the trader's style and needs. If you trade purely on your own and don't need a platform or unique trading scheme like that, then Exness can meet your needs.

The advantages of the Exness broker in particular lie in its super low spreads and automatic withdrawal system. The appearance of the Exness site is also very simple and easy to look at, so clients can easily find the information they need.

Apart from competitive spreads and an easy withdrawal process, Exness maximizes its services through a partnership program. The broker, which just opened an office in neighboring Malaysia in 2019, regularly holds Quarterly Meetings, which is a meeting place for IBs and Exness broker partners.

At events held by the Exness broker, strategies will be discussed to maximize income from the forex industry. Awards were also given to partners who demonstrated brilliant performance. For traders who want to earn income by becoming a broker partner, the Exness broker can be a reference.

 

Broker name EXNESS
Broker type Market Maker
Website Click here to access official Exness site
Company Exness Limited
Founded in 2008
Regulators St Vincent and the Grenadines (No. 21927 IBC 2014), CySec Cyprus (License No.178/12), and FCA UK (License No. 730729)
Customer service email, telephone, live chat, and callback services from the website
Website language English, Vietnamese, Arabic, Russian, Spanish, Bahasa Indonesia, Malay, etc.
Deposits and withdrawals Wire Transfer, Debit/Credit Card, Internal Transfer, Fasapay, Perfect Money, WebMoney, Neteller, Skrill Moneybookers, AstroPay, Cryptocurrency (Tether, Bitcoin), Local Bank, and Internet Banking
Expert analysis ✔️
Partnership program ✔️
Educational content ✔️
Trading platforms MT4 and MT5 for PC, Web, and Mobile.
Trading instruments Forex, Metal Commodities, Cryptocurrencies, Energy Commodities, Stocks, Stock Indices
Spreads Floating Spread starts from 0 pips
Minimum initial deposit USD10 (Cent and Standard accounts), USD200 (Raw Spread, Zero and Pro accounts)
Account currency USD, EUR, GBP, AUD, and dozens of other currencies, including metallic currency accounts.
Leverage Until infinity
Minimum lots 0.01
Account type
  • Standard Account (Standard and Standard Cent)
  • Professional Accounts (Raw Spread, Zero, and Pro)
Swap-free account ✔️
Segregated accounts ✔️
Hedging ✔️
Scalping ✔️
Order execution Market execution (except Pro accounts)
Expert advisors ✔️
Commission
  • Commission-free (Standard, Standard Cent, and Pro)
  • Up to $3.50 per side per lot (Raw Spread account)
  • Up to $0.1 per side per lot (Zero account)
Copy Trading ✔️
Zero spread account ✔️

 

 

Exness Benefits

  • Introducing Broker (IB)
    To increase income, the Exness Introducing Broker program is available. The advantage of being an Introducing Broker is that you get a spread commission of 33% percent from every trader who registers through them.

  • Exness Partner
    By becoming an Exness Partner, you can get a spread commission of up to 25% from transactions made by traders who register via an affiliate link. The Exness Partner Program does not require special registration, because everyone who registers will automatically get an affiliate link.

  • Free Deposit Withdrawal Commission
    No transaction fees are charged when depositing and withdrawing, which is one of the advantages of trading on Exness. Apart from that, Exness also provides automatic withdrawal of funds (Automatic Withdrawal). If a trader withdraws funds via the e-payment facility provided by Exness, the processing time is instant and goes straight into the account.

 

Exness Advantages

  • An interesting advantage that you need to pay attention to from Exness is that it offers super low spreads. For example, the spread for Professional accounts ranges from 0.0 to 0.1 pips, so it is very suitable for all levels of traders, especially those who use short-term strategies such as scalping and day trading.
  • Exness broker provides unlimited leverage options for the Asian region. Generally, brokers who have lots of permits are only willing to provide leverage of up to 1:200 or 1:500. However, Exness allows traders to use leverage beyond that.
  • With the Automatic Withdrawal system, apart from the plus factors, there are also negative factors. Generally, every withdrawal process will be checked first by the broker to ensure whether the orders given are authentic or not. If the process is instant, then in this case as a client you must really protect the user/password/security of your Exness account.
  • Exness is one of the solid brokers from Europe. In monitoring so far, although there have been minor and subjective complaints about the Exness broker, there has been no negative news about payments (note: this point is based on current experience and information, so it does not guarantee future performance).

 

Recommendations and Suggestions

  • Exness is a broker that doesn't offer too many different features and focuses on standard trading activities. The advantage lies in the Automatic Withdrawal system which not many other brokers have. With this automatic fund withdrawal system, traders can withdraw their profits periodically.
  • In terms of company performance, Exness is a transparent trading service provider and is audited by Deloitte, a leading world-class auditor. Broadly speaking, there are 2 account options offered by Exness, namely standard and professional. The trading platform only has MetaTrader 4 and 5.
  • Exness recommends individuals from the USA, American Samoa, Baker Island, Guam, Howland Island, Kingman Reef, Marshall Islands, Northern Mariana Islands, Puerto Rico, Midway Islands, Wake Island, Palmyra Atoll, Jarvis Island, Johnston Atoll, Navassa Island, Martinique, U.S. Virgin Islands, United States Minor Outlying Islands, and Vatican City to kindly refrain from registering as clients.

Education (46)

1. What Is Forex? 2. Why Does Forex Market Exist? 3. What Drives the Forex Market? 4. Why is Forex Trading Popular? 5. Can I Get Rich in Forex? 6. Are You Curious? Want to Discover More about Forex Trading? Meet Demo Acount! 7. I'm a Newbie, How to Master Forex Trading? 8. What Forex Knowledge Should I Conquer? What Are the Steps to Go Thorugh the Journey? 9. What are Software and Glossaries in Trading Forex? 10. How to Read the Forex Market? 11. How to Practice Forex Trading? 12. How to Ride on the Forex Wave? 13. How to Prepare Basic Trading Requirement? By the Demo Account? What about the MT4/MT5? 14. What is Bid-Ask Spread? 15. What is Pip? 16. What is Lot Size 17. What is Leverage in Forex Trading? 18. What is Margin? 19. When to Trade Forex? 20. What is the Most Dominant Market in Forex? How is the Characteristic? 21. What is Chart in Forex? 22. What is Candlestick? Why is It the Most Popular Chart in Forex? 23. What is Technical Analysis? 24. What is Fundamental Analysis? 25. What are MT4 Indicators and How to Use Them? 26. What is Risk in Forex? 27. What is the Psychological Effect in Forex Trading? 28. How to Compile a Strategy Template? 29. How Long Should You Practice in a Demo Account? 30. When Do I Need to Start Learning about Brokers? 31. What Exactly Does a Forex Broker Do? 32. Can I Trade Forex without Broker? 33. How Much Money Do You Need to Trade in Forex Brokers? 34. How to Choose a Good Forex Broker? 35. What is Regulation? And Why Should Regulation Exist? 36. Why Should You Choose Forex Brokers with Top-tier Regulations? 37. How to Choose Forex Brokers Based on Your Need and Where You Are From? 38. What Brokers Should You Avoid? 39. Is There Any Broker Scam in History? How Bad Is It? 40. What are the Most Popular Brokers in The World? 41. What are the Best Brokers For Entry-Level Traders? 42. What are the Best Brokers for Traders with Minimum Deposit Capabilities? 43. Which Broker Provides a Demo Account and Easy Setup? 44. Which Broker Provides Easy Registrations? 45. What and How to Deposit on Forex Brokers? 46. What and How to Withdraw from Forex Brokers?

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