Written by: Louis Schoeman
Recommended for: forex trading 4.2/5
Trusted broker: Top-tier regulation in the UK, Cyprus, Seychelles, etc balance protection (terms apply)
Updated: JULY,2023
Popularity: 27,832 people chose this broker in the last 6 months
BrokerChooser Score: 4.6/5
Exness review summary
Exness is a Forex Broker brand name of the global brokerage firm that delivers its services through three main offices in Seychelles, BVI and South Africa. The divided nature of the firm enables international clients to access financial services and investment solutions, while the global brand operating retail and mainly corporate solutions or partnerships.
- Exness also expanded its global reach and established a UK-based entity Exness UK Ltd which is also respectively and fully regulated and focusing on B2B proposal.
Actually, Exness has won numerous awards as a retail broker as it offers stable and reliable brokerage services with a comfortable trading environment that might suit most traders with their tight spreads and no hidden commissions. The trading process is delivered via MT4 and possibility to trade a number of CFDs and Futures on a range of markets. See below a summarized review of Exness.
Is Exness a legit broker?
See how Exness is regulated and whether you should have any concerns using it.
Exness pros and cons
Pro
Cons
- Global Broker with offices in SA, UK and Seychelles
- Range of instrument including good range of Forex and CFDs
- No multi-currency accounts
- Conditions are different based on entity
Exness main highlights
Country of regulation | UK, Cyprus, Seychelles |
Trading fees class | Low |
Inactivity fee charged | No |
Withdrawal fee amount | $0 |
Minimum deposit | $10 |
Time to open an account | 1 day |
Deposit with bank card | Available |
Depositing with electronic wallet | Available |
Number of base currencies supported | 35+ |
Demo account provided | Yes |
Products offered | Forex, Metals, Crypto, Energies, Indices, Stocks |
Fees
Exness has low fees and average non-trading fees. As a plus, it charges no deposit and withdrawal fees in most cases.
Account opening
Account opening at Exness is seamless and fully digital, taking just a few minutes to complete and verified within one business day.
Deposit and withdrawal
Exness offers mostly free deposit and withdrawal options, including bank transfer, credit card and various e-wallets. On the negative side, minor currencies are not offered.
Web trading platform
Exness has its own web trading platform called ACY Securities. It’s highly customizable, multilingual and has a clear fee report. On the other hand, there are no price alerts.
Mobile trading platform
Exness has its own great mobile trading platform. It is well-designed and user-friendly with a good search function. However, it lacks a safer two-step login and price alerts.
Desktop trading platform
Exness desktop trading platform is provided by MetaTrader. It is highly customizable, has a clear fee report and price alerts, but lacks a two-step login and its design is outdated.
Markets and products
At Exness, you can trade forex and other CFDs, including crypto.
Research
Exness selection of research tools is average, but they are user-friendly. Charting and other technical tools, like APIs, are great. However, there are no trading ideas or fundamental data.
Customer service
Exness offers several customer service channels. We found the live chat to be fast and relevant, and emails are also answered within a day. We missed however 24/7 availability.
Education
Exness has great educational content, including webinars, manuals, a demo account to test your skills, and one-on-one training where you can chat with an expert.