Exness Broker Review: Pros, Cons, and Key Features

We asked their support team about security and they advised that your funds are always segregated from the company’s own funds for protection and that each transaction is verified via your chosen security type. Excellent brokerage services, but the customer service team can up to 5 business days to respond to an email. We’re committed to delivering the best trading environment and look forward to always serving you better. All content on this site is for informational purposes only and does not constitute financial advice. Consult relevxcritical professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website.

Deposit Options and Fees

It offers its well-designed and user-friendly Terminal platform, along with the classic MetaTrader 4 and MetaTrader 5 platforms that feature advanced functionality like algo trading. The broker’s clients can trade CFDs on currencies, indices, commodities, shares, and cryptocurrencies through MetaTrader 4 and MetaTrader 5, as well as the proprietary Exness Terminal platform and Exness Trade App. While Exness has a range of funding options, they are missing some major providers such as PayPal, Apple Pay and xcritical. However, we notice Exness do accept cryptocurrencies which is good if you have embraced crypto payments. Similar to the Zero Account, this account also offers ultra-low to no spreads with the Lowest Commission Brokers, which is capped at USD 3.5 xcritical reviews per lot in each direction. While the commission does vary depending on the instrument traded, the degree of this variation appears to be less than the Zero Account which can fluctuate more widely.

Firstly, account currency types are reduced, and the range of assets you can trade is restricted to forex and metals, with a total of 36 instruments available. The Pro Account is much the same as the Standard Account but has instant execution instead of market execution. Instant order execution is available for assets across forex, metals, indices, energy, and stocks but not cryptocurrencies and is a good choice if you want greater control of your orders.

I appreciated that advanced materials, including an introduction to algorithmic trading with Python and MT5, are also available. Seasoned market technicians further explain the use of classic tools like Fibonacci retracements. Additionally, social trading introduces an extra layer of engagement, allowing Exness clients to invest in the strategies of other traders or earn money by sharing their own. On the flip side, it’s not great that they aren’t regulated by many tier 1 regulators such as in Australia, The US, the UK, and The EU but to be fair Exness doesn’t accept clients from these countries anyway. They’ve got a fairly limited range of markets and they’re missing some obvious options to fund your accounts. The Exness Academy offers various courses which run through key concepts from managing the risks, to analysing price action.

How do I withdraw money from Exness?

With stable spreads, reliable execution, and no commission, it provides an ideal starting point with up to 36 trading instruments. The Standard account, suitable for both novice and experienced traders, features no minimum deposit requirements, stable spreads, and over 120 trading options. The Pro account targets seasoned traders, offering limitless orders, smaller volumes, and low spreads from 0.1 pip. The Zero account, designed for market execution, provides zero spreads on top instruments for 95% of the day, making it suitable for expert advisors.

The other trading platforms of note are mainstream MetaTrader 4 and MetaTrader 5. Exness has consistently impressed me as a top-tier broker for my daily trading activities. After evaluating various platforms, I’m confident I made the right choice with Exness. Their swift withdrawal processing, particularly within 3-5 minutes using Binance Pay, is a significant advantage.

My Key Takeaways After Testing the Exness Terminal Platform

1. When it comes to educational and research materials, Exness provides excellent in-house content for its clients.
2. Each year, we collect thousands of data points and publish tens of thousands of words of research.
3. It distinguishes itself by not imposing deposit or withdrawal fees (some payment providers may charge their own fees), and swap fees are also waived in most cases.
4. And unlike many swap-free accounts where there is an admin fee or widened spread in place of swaps, Exness does neither making it closer true sharia compliant account.

Exness offers unlimited leverage, which for better or worse, is a clear differentiator that sets it apart from many other forex brokers. Overall, we think Exness offers reasonably competitive spreads, a good range of account options, diverse funding methods which include cryptocurrencies, and a decent education. This feature allows traders to follow and copy the strategies of experienced traders in real-time, making it accessible for beginners or those looking for a more hands-off trading experience. Exness’ trading platforms provide a good range of options for traders, including the popular MT4 and MT5 platforms. Exness distinguishes itself through an extensive range of tradable instruments, catering to diverse trader preferences and strategies. Traders can explore commodities, including precious metals, and energies, to diversify their portfolios.

Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and xcritical cheating decades of collective experience covering the forex industry. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Exness provides a rather high-quality multi-lingual support that is accessible via e-mail and phone.

Overall, Exness combines user-friendly technology, educational support, and flexible account options, making it an excellent choice for those just starting their trading journey. One of Exness’s key strengths is its diverse range of account types, designed to cater to various trading needs and preferences. The broker offers options that feature tight spreads and low commissions, allowing traders to select an account structure that aligns with their trading strategies and volumes. If we ignore the quick of somehow downloading Pocket Option (which you are unlikely to come across in markets Exness actually accepts clients from) then we think the offering Exness have is quite decent.