Exness Group Overview: Comprehensive Review for 2024
The Exness Group is a well-established brokerage firm offering trading services in forex, metals, cryptocurrencies, energies, indices, stocks, and commodities. This online broker allows clients to tailor financial services and investment solutions to meet their personal needs. Our Exness broker review for 2024 covers account registration, login security, minimum deposit requirements, payment methods, social trading, and more. Find out if you should register today.
Exness Headlines
Founded in 2008, the Exness Group has several global affiliates providing trading services worldwide. The CEO and founder, Petr Valov, emphasizes transparency and honesty in the company’s business strategy. Exness has won multiple awards and holds regulatory licenses in the United Kingdom, Cyprus, Seychelles, South Africa, among others. Remarkably, Exness was the first to hit monthly trading volumes of $1 trillion and $2 trillion, with over 260,000 live accounts. The company’s headquarters are in Limassol, Cyprus, with offices in London, South Africa, Seychelles, Curaçao, and the British Virgin Islands. Note that the offices in Cyprus and the UK do not provide trading services to retail investors. Exness employs over 500 people globally.
Trading Platform
Exness supports the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) terminals, which are industry-recognized and available for free download on PC and desktop devices, or via major web browsers including Windows XP, Windows 10+, and Mac. The platform features are detailed below:
|
Feature |
MetaTrader 4 (MT4) |
MetaTrader 5 (MT5) |
|
Timeframes |
9 |
21 |
|
Live News Streams |
Yes |
Yes |
|
Customisable Charts |
Yes |
Yes |
|
Pending Order Types |
4 |
6 |
|
Economic Calendar |
No |
Yes |
|
Technical Indicators |
50+ |
80+ |
|
Strategy Tester |
Single thread |
Multi-threaded |
|
Hedging Allowed |
Yes |
Yes |
|
One-Click Trading |
Yes |
Yes |
|
Stop Loss and Take Profit |
Yes |
Yes |
|
Multilingual Interface |
Yes |
Yes |
|
Daily Account Statement |
Yes |
Yes |
|
Interbank Liquidity |
Yes |
Yes |
Both web terminal options offer multilingual services, ensuring a user-friendly experience for global traders.
Products
Exness provides spot and CFD trading on nearly 100 forex pairs, over 30 cryptocurrencies, precious metals, energies, stocks, and indices. The range of markets is competitive, rivalling some of the largest players in the industry. Clients can access leverage up to 1:2000 on the broker’s suite of products.
Fees & Commissions
Exness offers floating spreads that are generally tight but vary based on the chosen account type.
|
Account Type |
Minimum Deposit |
Spreads |
Commissions |
|
Standard Cent |
$10 |
From 0.3 pips |
None |
|
Standard |
$10 |
From 0.1 pips |
None |
|
Pro |
$10 |
Raw spreads |
Variable |
|
Zero Spread |
$500 |
0 spreads |
From $3.50/lot/side |
The broker also charges swap rates for positions held overnight and an inactivity fee. Refer to the trading platform for live spreads.
Leverage
Leverage at Exness varies by account type, instrument, and trading entity due to regulatory requirements. Some agencies allow high margin rates up to 1:2000. We recommend utilizing risk management strategies when trading with high leverage to protect against significant losses. The margin call is 30% for the Pro, Zero, and Raw Spread accounts, and 60% for the Standard and Standard Cent solutions. There is also a 0% and custom stop out feature.
Mobile Apps
MetaTrader 4 and MetaTrader 5 are available as mobile applications, allowing Exness clients to open positions from an easy-to-use app in any location. The apps are available for free download and are compatible with iPhone (iOS) and Android (APK) devices. Full suite trading features available on desktop platforms are accessible, including analytical tools, plus customisable charts and graphs.
Payment Methods
Deposit Review: The minimum deposit at Exness is $10, which is competitive against OctaFX ($25) and IC Markets ($200). Exness does not charge a fee for any payment method, though third-party charges may apply. Verification of your account is required before adding funds. Funding your account is simple and can be completed in your personal trading area. Approximately 50 base currencies are available, including USD, AUD, ZAR, and KWD. Accepted payment methods include EPS, cryptocurrency, bank cards, local payment systems, and internal transfers. Crypto payments can be made in BTC and USDT.
Withdrawal Review: Exness does not charge for withdrawals. Minimum and maximum limits vary by method, including a $6 minimum amount for debit/credit card withdrawals. Transactions back to your original payment method are often instant. For full details on deposits and withdrawals, visit the online help centre or contact customer support.
Demo Account
Exness offers a demo account on the MT4 and MT5 platforms. This is in line with competitors like XM, XTB, FBS, HotForex, IB, and JP Markets. Demo accounts allow traders to test strategies risk-free in real market conditions, understand platform features, improve risk management techniques, and trial new trading strategies.
Promotions
Exness does not offer sign-up bonuses or promotional deals. However, the brand may provide rewards as part of campaigns. Check the official website for the latest news.
Regulation
Exness entities hold licenses in various jurisdictions, providing clients with safety measures such as negative balance protection and segregated client funds.
|
Entity |
Regulator |
|
Exness (SC) Ltd |
Financial Services Authority (FSA) |
|
Exness (CY) |
Cyprus Securities and Exchange Commission (CySEC) |
|
Exness (UK) |
Financial Conduct Authority (FCA) |
|
Exness ZA (Pty) Ltd |
Financial Sector Conduct Authority (FSCA) |
|
Exness B.V |
Central Bank of Curacao and Sint Maarten (CBCS) |
|
Exness (VG) Ltd |
Financial Services Commission (FSC) |
Additional Features
Exness offers comprehensive education and additional training tools, available via the Exness Academy. Tools include YouTube videos, VPS hosting, profit/margin calculator, economic calendar, live streaming news, and market history. Technical research and fundamental analysis are also available. Topics include weekly outlooks for major indices like the S&P 500, NASDAQ 100 (NAS100), and US30, trading ideas, and social trading.
Live Accounts
Exness offers several account types:
|
Account Type |
Minimum Deposit |
Spreads |
Commissions |
|
Standard Cent |
$10 |
From 0.3 pips |
None |
|
Standard |
$10 |
From 0.1 pips |
None |
|
Pro |
$200 |
Raw spreads |
Variable |
|
Raw Spread |
$200 |
From 0 pips |
Variable |
|
Zero |
$500 |
0 spreads |
From $3.50/lot/side |
An account can be opened in minutes through the online registration portal, with no deposit needed for Standard and Standard Cent accounts. Pro, Raw Spread, and Zero accounts are activated upon making a qualifying deposit. KYC compliance may require identity verification documents.
Benefits
- Demo account
- Social trading
- Spreads from 0 pips
- Various payment methods
- Low minimum deposit of $10
- Instant and market execution
- Secure global login area
- Local payments plus deposits in BTC and USDT
- Comprehensive education available via Exness Academy
- Industry recognized MetaTrader 4 and 5 trading terminals
- Global regulation licenses held including FCA, FSCA, and CySEC
- First brokerage to pass the $1 trillion and $2 trillion marks in monthly trading volumes
Drawbacks
- Country restrictions, including the USA
- No welcome offers or bonuses
- No volatility 75 (VIX 75)
Trading Hours
Exness follows standard office hours, operating in the UK GMT time zone. Trading is available 24 hours, Monday to Friday. Forex pairs typically open for trading on Sunday at 21:00 and close on Friday at 22:00. Trading hours may vary depending on local public holiday dates. Refer to the news section on the broker’s website for a full calendar of previous and upcoming closures.
Help Center
Exness offers 24/7 customer support in 14 languages, including English, Chinese, and Thai:
- Email: support@exness.com
- Helpline: +35725245730
- Headquarters: Siafi Street, Portobello, Office 401, 3042, Limassol, Cyprus
There is currently no live chat option.
Security
The Exness Group assures a high level of safety and security for its clients. Personal areas and portal access are password protected, complying with local data privacy laws. Secure login is replicated on the MT4 and MT5.
