Exness Forum Discussion

Exness Overall rating

	Rating	Weight
User rating	4.5 (59 reviews)	3
Popularity	5.0	3
Regulation	3.0	2
Pricing rating	4.8	1
Features	Not rated	1
Customer Support	Not rated	1

We tested Exness using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.

Trustworthiness & Regulation

Exness is a regulated broker with oversight from multiple authorities including the MU FSC in Mauritius, the SC FSA in Seychelles, the ZA FSCA in South Africa, and the BVI FSC in the British Virgin Islands. The broker enjoys high user ratings, with a 4.6 out of 5 rating based on 47 user reviews, of which 41 are from verified real trading accounts.

Exness is ranked 4 out of 1102 forex brokers based on user ratings and 5 out of 1102 based on expert ratings. The broker also boasts a popularity rating of 5.0 out of 5, driven by its significant web traffic, ranking 2 out of 1102 for organic traffic with over 25 million monthly visits. Founded in 2008, Exness has established a solid reputation over its 16 years in business.

Company	Licenses & Regulations	Segregated Client Money	Deposit Compensation Scheme	Negative Balance Protection	Rebates	Max. Leverage Retail Clients
Exness (MU) Ltd	Mauritius - MU FSC					3000 : 1
Exness ZA (PTY) Ltd	South Africa - ZA FSCA					5000 : 1
Exness (SC) Ltd	Seychelles - SC FSA					5000 : 1
Exness (VG) Ltd	Virgin Islands, British - BVI FSC					3000 : 1
Exness (KE) Limited	Kenya - KE CMA					400 : 1
Exness B.V.	Curacao - CW CBCS					3000 : 1

Deposit Insurance

Exness does not provide a deposit compensation scheme, which means investors are not compensated if the financial firm fails. While this might be a concern for some, the broker does ensure that client funds are segregated from its operating capital, providing an extra layer of security.

The lack of deposit insurance is offset by the broker's comprehensive regulatory framework and the negative balance protection it offers, ensuring that clients do not lose more than their initial investment.

Spreads and Costs

Exness offers competitive spreads across various asset classes, particularly in Forex. Compared to market-leading brokers, Exness' average spreads are in line or slightly higher in some categories but remain competitive overall.

Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers

Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD) and that data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.

Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.

Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.

Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.

Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers

Swap Rates/Financing Fees

Swap rates are the costs or earnings derived from holding a position overnight. Positive swap rates mean the broker pays you, while negative swap rates cost you money.

Exness has an average swap rate of -6.75, which is relatively higher compared to other industry-leading brokers. This suggests that holding positions overnight might be more expensive with Exness compared to its competitors.

Does Exness Offer Islamic/Swap-free Accounts?

Islamic or swap-free accounts are designed to comply with Sharia law, which prohibits earning interest. These accounts do not incur swap or rollover interest on overnight positions.

Exness offers Islamic accounts for traders who require them. To be eligible, traders must open an account and then apply for the swap-free option. The application process is straightforward, and once approved, the account will not incur any swap charges on overnight positions.

Other Fees

In addition to spreads and swap rates, Exness may charge other fees. These include:

Overall, Exness has a transparent fee structure with minimal non-trading fees, making it a cost-effective choice for traders.

Comparison to other Brokers

When comparing Exness to other leading brokers like IC Markets and FxPro, Exness stands out due to its high user ratings, extensive regulatory oversight, and competitive spreads. While Exness may not offer deposit insurance, its negative balance protection and segregation of client funds provide substantial security.

The broker's swap rates are on the higher side compared to some competitors, but its overall cost structure remains competitive. Exness is well-established with significant web traffic, indicating a strong presence in the market.

Its leverage offerings are also among the highest, appealing to traders seeking greater exposure. However, the lack of public financials and deposit compensation scheme may be a consideration for some traders.

Trading Platforms - Mobile, Desktop, Automated

Exness offers MetaTrader 4 and MetaTrader 5 platforms, which are known for their robust trading features, advanced charting tools, and automated trading capabilities through MQL4 and MQL5 programming languages. Both platforms are available on desktop, mobile, and web, providing flexibility for traders to access their accounts from any device.

Automated trading is supported, allowing traders to create and use expert advisors (EAs) to automate their trading strategies. The MQL4 and MQL5 languages are relatively easy to learn, with extensive documentation and community support available.

Investors can also trade the markets via Exness Terminal, a web trader app with top-tier features. The Exness Terminal is a secure and streamlined web trader platform for trading over a hundred popular CFDs, with multiple available chart types provided by TradinView, customizable with indicators, drawing tools and more.

What Can you Trade?

Exness offers a variety of tradable instruments across multiple asset classes, including Forex, Crypto, Stocks, Indices, and Commodities CFDs. The broker provides access to 80 Forex pairs, 15 Crypto CFDs, over 70 Stock CFDs, 9 Stock Index CFDs, and 9 Commodities CFDs.

These instruments are traded as CFDs (Contracts for Difference), which allow traders to speculate on price movements without owning the underlying asset. CFDs offer leverage, which can amplify both gains and losses. To see the individual symbols available for trading, visit the Exness website.

Available Leverage

Exness offers high leverage options, with maximum leverage for retail clients ranging from 1000:1 to 3000:1, depending on the regulatory jurisdiction. For instance, under the SC FSA in Seychelles, the maximum leverage is 3000:1, while under the BVI FSC in the British Virgin Islands, it is 1000:1.

High leverage allows traders to control larger positions with a smaller amount of capital, but it also increases the potential for significant losses.

Prohibited Countries

Exness cannot open client accounts in certain countries due to regulatory restrictions. These prohibited countries include the United States, Canada, and several others. For a complete list of restricted countries, please visit the Exness website or contact their customer support.

Exness Account types

	Standard	Standard Cent	Raw Spread	Zero
Commission	-		3.5USD Per Lot	As Low As 3.5USD Per Lot
Maximum leverage	1:Unlimited
Mobile Platform	MT4 Mobile, MT5 Mobile, Proprietary
Trading platform	MT4, MT5, WebTrader	MT4, MT5	MT4, MT5, WebTrader
Spread Type	Variable Spread
Minimum Deposit	1	-	200
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Standard
Maximum leverage	1:Unlimited
Typical Spread	0.2-1.2
Trading platform	MT4MT5WebTrader
Mobile platform	MT4 MobileMT5 MobileProprietary
Spread type	Variable Spread
Minimum deposit	1
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Standard Cent
Maximum leverage	1:Unlimited
Typical Spread	0.2-1.2
Trading platform	MT4MT5
Mobile platform	MT4 MobileMT5 MobileProprietary
Spread type	Variable Spread
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Raw Spread
Commission	3.5USD Per Lot
Maximum leverage	1:Unlimited
Typical Spread	0
Trading platform	MT4MT5WebTrader
Mobile platform	MT4 MobileMT5 MobileProprietary
Spread type	Variable Spread
Minimum deposit	200
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Zero
Commission	As Low As 3.5USD Per Lot
Maximum leverage	1:Unlimited
Typical Spread	0
Trading platform	MT4MT5WebTrader
Mobile platform	MT4 MobileMT5 MobileProprietary
Spread type	Variable Spread
Minimum deposit	200
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

Exness Web traffic

Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.

Exness Profile

24 hour support

Segregated Accounts

Islamic Accounts

Accepts Canadian clients

Accepts Japanese Clients

Non expiring demo

Trading API

Cent accounts

Negative balance protection

Social trading

Regulatory deposit insurance

Trailing stops

Bonuses

Interest on margin

Fixed spread

Variable spread