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Exness Broker Review

Exness Broker Review
Broker type No Dealing desk, Market maker, ECN
Foundation Year 2008
Regulation Cyprus Securities and Exchange Commission (Cyprus)
Minimum Deposit None for Mini, $300 for ECN, $2000 for Classic
Spread EUR/USD:0.9, GBP/USD:1, USD/JPY:0.9
Minimum lot size 0.01 Lot
Maximum Leverage 2000:1
Platforms MT4, MT5
Account currency AUD, JPY, GBP, CHF, NZD, USD, CAD, EUR
OS Compatibility Mac, Windows, Mobile, Web, iPhone, iPad
Scalping Yes
Hedging Yes
Swap free accounts Yes
Demo Account Yes
Funding/Withdrawal methods Wire transfer, Credit Card, Moneybookers, Payweb, Neteller, Webmoney, Perfect Money, cashU, Fasapay, China Union Pay
Supported Language English, Russian, Chinese, Arabic, Vietnamese, Farsi, Hindi, Urdu, Tamil, Thai, Bengali, Indonesian, Malay
Availability Call Back, Phone, Chat, Email
Accepts US Clients Yes
Headquartered in Cyprus and St.Vincent and the Grenadines
International offices -
Website Visit Exness
Submit reviewView reviews (4)

Average Rating

View ratings
Total average

81.5/100

Ease of Access ( 83 )
Platform Performance ( 83.5 )
Reliability ( 75.5 )
Customer Support ( 79.8 )
Payouts Percentage ( 85.8 )

Review

Exness Broker Review

Exness is an online Forex broker that was established in 2008 in St. Petersburg, Russia. Since then, this broker has grown from strength to strength. This is not surprising as the company is one of the rare breed of online Forex brokers that practices transparency in its business operation. In terms of market innovation, Exness can be still considered an old school broker as it has yet to adopt the social networking concept of Forex trading. Nevertheless, this broker is still highly rated by its clients solely because of the quality of its services as indicated by the $450 billion worth of business done so far in just 2012.

Accounts

EXNESS offers tight floating spreads on three different trading accounts: the Mini, the Classic and their ECN accounts. No minimum deposit is required for the Mini account but only 100 positions can be open at one time. Also the spread is 0.3. The spread in the other two accounts is 0.1 and there is no limit in the amount of positions you can hold. The Classic account requires a $2000 opening deposit and the ECN $300. Trade execution is immediate for all accounts. ECN accounts have direct access to Interbank liquidity.

Funds can be deposited using a wide variety of deposit and transfer possibilities including Neteller and Skrill. One of EXNESS’s main advantages is its instant withdrawal of funds using a number of electronic payment systems, providing traders with around-the-clock control of their trading accounts’ funds.

Platforms

MetaTrader 4 and the newer MetaTrader 5, with its enhanced terminal interface, increased performance and speed, are the trading platforms of choice at EXNESS as they work well with currency pairs, CFD’s, and futures. In addition, traders can use EXNESS’s newly introduced Webtrader, an online trading platform for trading on EXNESS MT4 servers directly through a browser, without installing an application on your computer. Webtrader has a convenient interface and powerful features capable of creating a comfortable trading environment on almost any computer or mobile device.

While doing this forex review, I was pleased to see that EXNESS offers a trial (demo) account which can be accessed and set up right from the very first page. This demo account uses any of the three live trading accounts.

Features

The landing page at EXNESS is very clear and can be easily navigated. In addition to their currency converter and list of different spreads, both their express news and economic calendar are located on this page.

EXNESS is one of the only forex brokers I have reviewed that provided a ‘search’ button that when clicked actually directs you to the appropriate page. A generous listing of links to appropriate sites is provided.

Another feature that sets EXNESS apart from the others is its ‘commission-free transactions’ which began on February 1, 2014, and virtually cancels commissions for replenishing trading accounts and withdrawing funds for all payment systems. This ability is certainly unique in today’s market.

The official EXNESS website is available in 23 languages and client support is available in 13 languages; three of them, English, Chinese, and Russian, are offered 24 hours a day, 7 days a week. Clients have access to 1:2000 leverage, which lowers the margin requirements considerably and allows trading strategies to be managed in a flexible manner.

All in all, I found my broker review of EXNESS to be a pleasant experience. The information is precise and navigation throughout the site runs smoothly. EXNESS’s popularity can be evidenced by the continuing number of clients reported each year. In February of this year, close to 17,000 new accounts were opened.

 

Visit Exness

 

 

Dr.Trader

Review comments (4)

Harrison Ellis
Exness Broker Review 92.6

This broker has one of the lowest spreads that i have seen so far.

Plusses
  • Automotic Withdrawal through Webmoney
  • Low Spread
Minors
  • No web based trading platform. You need to download and install the metatrader platform.
Posted on September 10, 2014 7:39 pm
Majid
Exness Broker Review 99.6

I'm with Exness for more than 5 years and the leverage is one of the highest in the market. The offer 1:2000 leverage that is really useful in my scalping strategy. Thumb up for Exness.

Plusses
  • Highest leverage of 1:2000
  • Best support
  • Automatic withdrawal by webmoney
Minors No minors
Posted on June 12, 2015 1:31 pm
andrew
Exness Broker Review 92.0

I think The IVORY OPTION better than EXNESS Group. First time, I used EXNESS Group. EXNESS Group seems to be very critical & many times give fake signals to me. Then I got the information about IVORY OPTION click here > (www.bestbinarysoftware.com ) from my friend. After knowing the service of IVORY OPTION, I analyzed and just $270 deposited it. Now IVORY OPTION gives me a much better profit than EXNESS Group across my desire. The EXNESS Group give me 10%-15% profit beside IVORY OPTION gives me 45%-70% profit till now. Nowadays, in only 3 days my profit is $1865+. IVORY OPTION has a great customer support also.

Plusses No plusses
Minors No minors
Posted on October 24, 2015 2:58 am
Solomon Obuobi
Exness Broker Review 41.8

Exness Cyprus broker is fake they are quick taking deposits but when it comes to withdrawals then they will start their tricks and tactics telling chain stories.I and my trader have traded with them for 4 months and now that we want make withdrawal they had intentionally taken the trader's account and his profile numbers from the perfect money chart denying him withdrawal for almost past a week and 48hrs giving to my trader

Plusses No plusses
Minors No minors
Posted on February 8, 2016 9:08 pm

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