Exness Review: Is Scam Or Safe? Must Read

OVERVIEW

Exness is a reputable global online Forex brokerage company that specialises in offering retail foreign exchange services, corporate solutions, and partnerships worldwide. Established in 2008 by Igor Lychagov and Petr Valov, Exness operates from its registered offices in various locations such as Cyprus, the United Kingdom, South Africa, Seychelles, Curaçao, and the British Virgin Islands.

With a remarkable client base of over 200,000 traders, Exness provides a wide range of trading options to cater diverse needs of the traders.Their offerings include over 100 Forex pairs, a curated selection of cryptocurrencies, more than 70 stock CFDs, as well as indices, and commodities.

Headquarters	Cyprus
Regulation and License	SFCA, CBCS , FSC (BVI), FSCA, CySEC , FCA
Platforms	MT4, MT5, Web Terminal, Exness Terminal, Exness Trader appMT4, MT5, Web Terminal, Exness Terminal, Exness Trader app
Instruments	Forex, Metals, Stocks, Indices and Energies, Cryptocurrencies
Costs	from 0.0 pips
Demo Account	Available
Minimum deposit	$10 (and $15 in Vietnam)
Base currencies	USD and EUR
Customer Support	24/7

EXNESS: SCAM OR SAFE?

Exness Trading Company has been actively involved in the Forex market since 2008. With a legal presence in over 130 countries, the broker ensures full compliance with local regulations in each jurisdiction. 

Exness places great emphasis on regulation, holding licences from

• Cyprus Securities Exchange Commission  –licence number 178/12
• Financial Services Authority, Seychelles- licence number SD025.
• Financial Conduct Authority (United Kingdom)-730729.
• Financial Sector Conduct Authority (South Africa)- FSP number 51024
• Central Bank of Curacao and Sint Maarten (Curacao and Sint Maarten)- licence number 0003 LSI
• Financial Services Commission (British Virgin Islands) – licence number SIBA/L/20/1133
• Capital Markets Authority (CMA)- licence number 162
• Financial Services Commission (FSC)- BVI with registration number 2032226, Mauritius with registration number 176967 
•  Investment Dealer licence number GB20025294

WHAT IS EXNEES?

Exness is a brokerage firm established in 2008. Exness offers a comprehensive range of trading instruments, including CFDs for cryptocurrencies, stocks, over 120 currency pairs, as well as energy and metals. Traders benefit from favourable trading conditions, such as low commissions, instant order execution, and convenient fund withdrawals. 

The broker offers different types of accounts catering the needs of the traders and a demo account is also available for both novice and experienced traders to practise and refine their skills.

Account currency	35+ currencies
Minimum deposit	Standard, Standard Cent, Standart Plus – 1 USD, Raw Spread, Zero, Pro – $200
Leverage	1:2000
Spread	Standard, Standard Cent – 0.3 pips, Pro – 0.1 pips, Raw spread, Zero – 0 pips, Standard Plus – 1 pip
Instruments	Currencies, Stock, commodities, Cryptocurrencies, Energies, Metals

PROS AND CONS 

PROS	CONS
Negative Balance Protection	MTS does not have the Standard Cent Account.
Easy and quick deposit and withdrawal methods	Limited range of financial instruments
Regulated by the FCA, CySEC, and FSA	Not listed on Stock Exchange
Zero spread accounts
Several trading platforms to trade
Offers different types of account

ACCOUNT TYPES OFFERED BY EXNESS

	STANDARD	STANDARD  CENT	RAW SPREAD	ZERO	PRO
Minimum deposit	Depends on payment system	Depends on payment system	$500	$500	$500
Spread	From 0.3	From 0.3	From 0.0	0.0	0.1
Commission	No commission	No commission	Up to $3.50	From $0.2	No Commission
Maximum leverage	1:Unlimited	1:Unlimited	1:Unlimited	1:Unlimited	1:Unlimited
Instruments	Forex, metals, energies, stocks, indices cryptocurrency	Forex, metals,	Forex,  Indices, metals, cryptoсurrencies, energies, stocks,	Forex, metals, stocks, cryptoсurrencies, energies, indices	Forex, metals, cryptoсurrencies, stocks, indices energies
Minimum lot size	0.01	0.01	0.01	0.01	0.01
Maximum lot size	200	200	200	200	200
Maximum number of positions	Unlimited	1000	Unlimited	Unlimited	Unlimited
Hedged margin	0%	0%	0%	0%	0%
Margin call	60%	60%	30%	30%	30%
Stop out	0%	0%	0%	0%	0%
Order execution	Market	Market	Market	Market	Market
Swap-free	Available	Available	Available	Available	Available

TRADING PLATFORMS

TradeApp and Terminal

	TRADE APP	TERMINAL
Available on	IOS, Android	Windows, Linux, macOS, iOS, Android
Account Types	All MT5 accounts	All MT5 accounts
Chart Types	Line, Candle	Candle, bar, line
Timeframes	M1, M5, M15, M30, H1, H4, D1
Minimum System Requirements	iOS 14.5, Android 5.0

 MetaTrader 4

•  More than 200 trading instruments
• 6 asset classes
• 5 trading account types
• Unlimited leverage
• Low spreads from 0.0
• 9 timeframes and 3 chart types
• Available for Windows, macOS and Linux
• Multilingual platform interface
• Instant execution and market execution
• 50 pre-installed indicators
• Encrypted security
• Expert Advisors (EAs) and Scripts
• Inbuilt help guides

MetaTrader 5

• More than 200 trading instruments
• 6 asset classes
• 5 trading account types
• Spreads as low as 0.0
• Commission starting from 0
• 21 timeframes and 3 chart types
• Available for Windows, macOS and Linux
• Instant execution and market execution
• Hedging system
• 38 inbuilt indicators and 22 analytical tools
• Inbuilt forex calendar
• Level 2 quotes supported

HOW TO OPEN AN ACCOUNT ON EXNESS?

1. Visit the Exness website.
2. Click on the “Open Account” tab, located to the right side of the website.
3. Enter the information asked.
4. Click on continue to proceed further.
5. Once the account is verified and activated, the trader can start trading.

MINIMUM DEPOSITS AND WITHDRAWALS

• Exness platform stands out by offering metal currency accounts, a unique feature not found on other platforms.
• Visa and Master cards are widely accepted and can be used for transactions with almost all entities.
• Deposits are processed instantly, but withdrawals using bank cards typically take 3-5 working days.
• Exness provides a variety of local payment solutions in addition to accepting BTC and USDT crypto payments.
• Traders can choose from multiple deposit and withdrawal methods, including EPS, cryptocurrency, bank cards, local payment systems, and internal transfers.
• The commission fees for deposits and withdrawals vary depending on the chosen payment method.
• Exness supports over 80 fiat currencies, allowing traders to hold their funds in their preferred currency, including specialised metal currency accounts unique to the platform.

WHAT CAN BE TRADED ON EXNESS?

FOREX	METALS	CRYPTOCURRENCIES	ENERGIES	STOCKS	INDICES
More than 100 forex pairs	Various metals such as Gold, Silver	Up to 35 cryptos to trade from	US Oil and UK Oil can be traded	CFDs on stocks available	S&P 500, FTSE 100, Dow Jones Industrial Average can be traded
Leverage up to 1:2000	Low Spreads and fast execution	Bitcoin, Ethereum to name a few	Floating Spreads and fixed market	Stocks such as Apple, Samsung etc	Swap free indices

EDUCATIONAL AND RESEARCH RESOURCES

Exness offers a free Demo account, allowing beginners to practise trading in a risk-free environment and gain hands-on experience. The broker provides high-quality educational materials to assist traders in expanding their knowledge and understanding of the markets. 

Traders can access up-to-date financial news from Dow Jones, keeping them informed about market developments. The availability of educational materials and access to financial news helps beginners stay informed and make informed trading decisions.

Furthermore, Exness offers a user-friendly trading platform that caters to the needs of beginners. The platform’s intuitive interface and user-friendly features make it easier for new traders to navigate and execute trades. The customer-friendly platforms provided by Exness contribute to a smoother trading experience for beginners, reducing potential barriers to entry.

Overall, with the provision of a free Demo account, comprehensive educational materials, up-to-date financial news, and user-friendly platforms, Exness demonstrates its suitability for beginners. These resources and customer-friendly features empower beginners to learn and navigate the world of trading more effectively.

Suggested Alternate Broker- Capitalix Review

CUSTOMER SUPPORT

Email: [email protected]

Phone number: 000-800-100-4378, +91-44-71279046

Live Chat

Exness Help Centre

CONCLUSION 

The User-friendly website that caters to clients of all levels of experience in the trading business sets Exness apart from other brokers . The company prioritises quality service, ensuring that all clients receive efficient, reliable, and safe customer support.

This includes examining what the firm offers, the trading fees, available trading accounts, and other features. Exness stands out among the listed forex brokers due to its attractive trading plans, which include hassle-free registration, access to tick history, demo trading accounts, minimal trading fees, a wide range of forex pairs, and more.

While Exness may not heavily market itself, it is widely recognized as an award-winning platform that is suitable for beginners embarking on their trading journey. The website, available in 14 languages, reflects the significant impact the company has made in the trading industry and its global reputation.

FAQ