Exness Review 2024: 🔍 Is This Forex Broker Legit & Reliable?

Overall, Exness can be summarised as a well-regulated and reliable broker that has competitive trading fees and instant withdrawals. Exness offers low spreads, great educational material, and online customer support. Exness has a high trust score of 95 out of 99 on Trust Pilot.

As an experienced trader, finding a reliable broker is crucial. Over the past few months, I've had the opportunity to use Exness extensively, and I'm excited to share my detailed, first-hand experience with you.

This review is based on my direct interactions with the platform, aiming to provide an honest and unbiased perspective.

In this in-depth Exness review, I will explore whether Exness is the best trading broker for you. I'll take a deep dive into all the features and performance aspects of Exness.

Whether you're an experienced trader or just starting, this ultimate guide to Exness will provide you with all the information you need to make an informed decision.

Exness Review: Overview

Broker's Name	Exness
📅 Year Founded	2008
🌐 Website	www.exness.com
🏢 Headquarters	Limassol, Cyprus
⚖ Regulated By	SFSA (Seychelles), CBCS (Curaçao), FSC (BVI), FSCA (SA), CySEC (Cyprus), FCA (UK)
💳 Minimum Deposit	$10
🧾 Account Types	Standard Cent, Standard, Pro, Raw Spread, Zero.
🕹 Demo Trading Account	✅Yes
💵Deposit & withdrawal methods	Credit/debit card, Skrill, Neteller, QIWI, Cryptocurrencies, Bank/Wire Transfer,
💰 Spreads	Spread depends on account type and instrument. Spreads are always floating. FTSE Spread 1.5 pts (var) GBPUSD Spread 2.1 (var) Oil Spread 0.05 (var) Stocks Spread 0.1% Var GBPUSD Spread 2.1 pips (var) EURUSD Spread 1.6 pips (var) EURGBP Spread 2 pips (var)
💹Instruments Offered	Forex (97), Metals, Stocks, Indices and Energies, Cryptocurrencies (35)
💲 Withdrawal fee	✅ Yes
🤑 Instant withdrawal and deposits	✅ Yes. Depends on the payment system. This may vary based on the payment provider's processing
💸 Negative balance protection	✅ Yes
🖥 In-house VPS hosting	✅ Yes, with $500+ deposits
☪ Islamic Account	✅ Yes
💶 Inactivity fee charged	❌ No
📱 Platforms	MT4, MT5, Exness Terminal, MT4 Multiterminal, Exness Trader app
💬 Customer Service	Yes, 24/5 in various languages namely English, Indonesian, Arabic, Japanese, French, Hindi, Portuguese, Russian, Spanish and Urdu.
🏫 Education	Exness Academy, Fundamental and Technical Analysis, Market news, webinars & Web TV
🚀 Open an Account	👉 Click Here

What Is Exness?

Exness is a well-established online trading broker that has been around since 2008. The broker offers various trading instruments, including forex, commodities, indices, and cryptocurrencies. Over 1 million traders worldwide have chosen Exness to be their broker of choice due to its user-friendly interface and lightning-fast execution.

Whether you're an experienced trader or just starting out, Exness provides a seamless and intuitive user experience, making it easy to navigate and execute trades with confidence.

Additionally, Exness offers a range of deposit and withdrawal options, making it convenient for traders from all over the world.

With its cutting-edge features and impressive track record, Exness has gained a reputation as one of the top choices for traders worldwide.

Is Exness Trustworthy?

Yes, Exness is trustworthy because it is regulated by reputable financial authorities. The broker has been in existence for almost 15 years, demonstrating its reliability.

The platform uses stringent security measures, including advanced encryption technology, to protect client funds and personal information. This makes the broker trustworthy and reliable.

Exness Regulation

One of the standout features of Exness online trading is its commitment to transparency and security.

This Exness online trading review found that the broker operates under the regulations of reputable financial authorities, such as the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).

This ensures they follow strict standards and comply with regulations.

Exness Account Types

Our Exness broker review team found that the broker offers several accounts with various features to cater to the needs of different traders from beginners to experts. These are:

• Exness Standard
• Exness Standard Cent
• Exness Pro
• Exness Zero
• Exness Raw Spread

The first two are standard accounts while the last three are professional accounts.

All the Exness accounts have over 45 base currency options. This makes Exness online trading the broker with the widest range of base currency options.

Exness Standard Account

This is the most popular account type on Exness which suits all types of traders. Below are the features of the account.

🧾Account Type	Exness Standard Account
💳 Minimum Deposit	$10
⌚ Deposit activation duration	Up to 72 hours
💻 Platforms	MT4, MT5
🏋️‍♀️Leverage	1:Unlimited
💵 Spreads	From 0.2 pips
💵 Commissions	❌No
🚅 Order Executions	Market Execution
🛒 Minimum lot size	0.01
🔁 Swap- Free	✔Yes
💹Instruments	Forex, metals, cryptocurrencies, energies, stocks, indices
🚀Open an Account	👉 Click Here

My Exness review found that the Exness Standard Account Offering is a feature-rich, commission-free, market execution account type with stable spreads, no requotes, and great execution.

Exness Standard Cent account

The Exness Standard Cent account is just like the Standard account but is denominated in cents. This makes it an ideal option for traders who want to start with a small investment and minimize their risk exposure. 

🧾Account Type	Exness Standard Cent Account
💳 Minimum Deposit	$10
⌚ Deposit activation duration	Up to 72 hours
🏋️‍♀️Leverage	1:Unlimited
💵 Spreads	From 0.3 pips
💵 Commissions	❌No
🚅 Order Executions	Market Execution
🔁 Swap- Free	✔Yes
💻 Platform	MT4
💹Instruments	Forex, metals
🛒 Minimum lot size	0.01
🚀Open an Account	👉 Click Here

The Exness cent account is only available on MT4 and allows trading in forex and metal instruments. Expert traders can use this account to test new strategies or new instruments without risking a lot of money.

Beginners transitioning from demo accounts can use the cent account to start live trading while risking a small amount of capital.

I use it to trade during highly volatile times like the NFP announcement.

Other Cent Accounts To Consider
HFM Cent Account
FBS Cent Account

Exness Raw Spread Account

This Exness account type has the lowest spreads with a fixed commission per lot. It also offers market execution.

🧾Account Type	Exness Raw Spread Account
💳 Minimum Deposit	$500
⌚ Deposit activation duration	Up to 72 hours
🏋️‍♀️Leverage	1:Unlimited
💵 Spreads	From 0 pips
💵 Commissions	Up to $3.50 each side per lot
🚅 Order Executions	Market Execution
🔁 Swap- Free	✔Yes
💻 Platform	MT4, MT5
💹Instruments	Forex, metals, cryptoсurrencies, energies, stocks, indices
🛒 Minimum lot size	0.01
🚀Open an Account	👉 Click Here

Exness Zero Spread Account

The Zero spread account allows trading with no spreads on the top 30 instruments. It also comes with market execution and no requotes.

🧾Account Type	Exness Zero Spread Account
💳 Minimum Deposit	$500
⌚ Deposit activation duration	Up to 72 hours
🏋️‍♀️Leverage	1:Unlimited
💵 Spreads	From 0 pips
💵 Commissions	From $0.05 each side per lot
🚅 Order Executions	Market Execution
🔁 Swap- Free	✔Yes
💻 Platform	MT4, MT5
💹Instruments	Forex, metals, cryptoсurrencies, energies, stocks, indices
🛒 Minimum lot size	0.01
🚀Open an Account	👉 Click Here

Check also the HFM Zero Spread Account.

Exness Pro Account

This is an instant execution account, with zero commission & low spread.

🧾Account Type	Exness Pro Account
💳 Minimum Deposit	$500
⌚ Deposit activation duration	Up to 72 hours
🏋️‍♀️Leverage	1:Unlimited
💵 Spreads	From 0.1 pips
💵 Commissions	❌
🚅 Order Executions	Market Execution
🔁 Swap- Free	✔Yes
💻 Platform	MT4, MT5
💹Instruments	Forex, metals, cryptoсurrencies, energies, stocks, indices
🛒 Minimum lot size	0.01
🚀Open an Account	👉 Click Here

How To Open An Exness Live Account: Step By Step

This Exness review found that it is easy to open a real account with the broker.

1. Visit the Exness homepage and click on the ‘Register‘ button.
   
2. Enter your details on the sign-up page and click on ‘Continue'. Verify your email and accept the legal agreements.
   
   
3. At this point, you would have successfully created your Exness Personal Area account which lets you manage all your Exness accounts.
   
4. You can create a new account by logging into your personal area and clicking on the ‘Open New Account' button in the ‘My Account' area.
   
5. Choose from the available trading account types and whether you prefer a live or a demo account. Enter the details for the account you want to create including leverage, platform (mt4 or mt5), account currency, a nickname for the account, and account password. Once you are satisfied click on ‘Create Account‘.
   
6. Your new trading account will be displayed in the “My Account” tab and you can proceed to deposit and start trading.

How To Verify Your Exness Account

After creating an account on Exness you should verify your account. Verifying your identity and address is an important step that helps keep your account and financial transactions secure.

Fortunately, the Exness account verification process is straightforward. Below are the steps you take.

1. Log in to Exness Personal Area (PA).
   
2. Click Become a Real Trader at the top of this area to start. This button may appear differently if you have previously started the verification process but did not complete it.
   
   
   
   
   
3. Verify your phone number by entering it and clicking on the ‘Send me code‘ button.
   
4. Enter your personal information; make sure your full name matches exactly the name shown on your verification documents.
   
   At this point, you can make deposits up to US$2000. To fully verify your account and remove all limitations, follow the steps below.
   
5. Complete your economic profile by answering some basic questions about your source of income, your profession, and your trading experience.
   
6. Verify your identity by uploading a document that has the same legal name that you used when you signed up for your Exness account.
   
7. Verify your proof of residence by uploading any of the acceptable documents.

Your documents will be reviewed and if all is in order your account will be verified in 24 hours or less. At this point deposit limitations are lifted, while bank card and cryptocurrency-based payment methods become available.

Exness Trading Fees Review

When evaluating a broker, spreads play a crucial role in determining overall trading costs. After extensive use of Exness, I've gained valuable insights into their spread offerings across different account types and instruments.

This Exness review found that the broker has low fees and competitive spreads compared to its competitors.

Exness Spreads Review

Competitive Spreads Across Account Types

Exness offers several account types, each with distinct spread structures:

• Standard Account: Designed for beginner traders, the Standard account provides spreads starting from 0.3 pips. During my trades, I found the spreads to be consistent and competitive, even during high volatility periods.
  
  
• Raw Spread Account: This account type offers some of the lowest spreads in the industry, starting from 0.0 pips. A small commission is charged per trade, which I found to be transparent and reasonable. The low spreads and tight pricing made this account ideal for scalping and high-frequency trading.
  
  
• Zero Account: Promising zero spreads on major forex pairs for 95% of the trading day, the Zero account is another excellent option. My experience confirmed that spreads were indeed minimal, enhancing the profitability of my trades.

Spread Performance Across Trading Instruments

Exness provides a broad range of trading instruments, including forex, commodities, cryptocurrencies, indices, and stocks. Here’s a breakdown of my experience with spreads across these instruments:

• Forex: The spreads on major forex pairs like EUR/USD and GBP/USD were extremely competitive, often starting from 0.0 to 0.3 pips, depending on the account type. Minor and exotic pairs had slightly wider spreads but remained competitive.
  
  
• Commodities: Trading commodities such as gold and oil, I observed spreads starting from 0.1 pips. The spreads remained stable, providing a cost-effective way to trade these volatile instruments.
  
  
• Cryptocurrencies: Cryptocurrency spreads were variable but competitive compared to other brokers. For popular pairs like BTC/USD and ETH/USD, spreads were relatively tight, ensuring cost-efficiency in crypto trading.
  
  
• Indices and Stocks: Spreads on indices and stocks were also favorable. During my trades, I noticed that spreads on major indices like the S&P 500 and NASDAQ were particularly tight, enhancing the overall trading experience.

Transparency and Reliability

One of the standout features of Exness is the transparency of their spreads. The broker provides detailed information on their website, allowing traders to make informed decisions.

My real-time trading experience aligned closely with the published spread information, showcasing Exness's reliability and commitment to transparency.

Exness Commissions Review

Exness employs a commission-based structure on the Raw Spread Account and the Zero Spread account. The commissions charged are as follows:

• Raw Spread Account: Up to $3.50 each side per lot
• Zero Spread Account: From $ 0.2 each side per lot.

Our Exness review team found these commissions to be quite competitive in the market.

The Exness Standard Account, Exness Standard Cent Account, and Exness Pro Account do not charge any commissions. Traders only pay the spread cost on these accounts.

Exness Overnight Fees (Swap fees):

Exness charges swap rates to positions held overnight, known as rollover fees.  Each instrument has its own fee, which is charged for these overnight positions, this may either be charged as a fee or provided as a refund.

Exness provides a swap calculator tool on their website and within their trading platforms (MT4 and MT5). This tool allows traders to calculate potential overnight fees for different instruments before placing trades. This also shows how the broker is dedicated to being transparent.

However, Exness provides swap-free Islamic accounts for those who follow Sharia principles, offering an option to avoid swap fees.

Exness Inactivity Fees

xness does not charge any inactivity fees. This means that whether you are an active trader or someone who trades occasionally, you won’t be penalized for periods of inactivity.

This is a significant advantage compared to many brokers who impose fees on dormant accounts.

Exness Deposit and Withdrawal Fees:

The broker does not charge deposit or withdrawal fees and this is a huge advantage. However, third-party payment processors may charge their own fees.

Exness Deposit & Withdrawal Options

The broker supports a wide range of deposit methods, catering to traders from various regions. I appreciated the flexibility and convenience this provided, as I could choose the most suitable method for my needs.

Exness Deposit Methods

The following deposit methods are available on Exness:

• Credit/Debit Cards: VISA, Master credit or debit
  
• E-Wallets: Neteller, Skrill, and Perfect Money.
  
• Bank transfers
  
• Cryptocurrency: Bitcoin is accepted 
  
• Local Payment Methods: Depending on your region, Exness may provide specific local payment methods that are convenient for you.
  
• Peer-to-peer transfers: Exness allows you to transfer funds to other Exness accounts like Deriv p2p.

What Is the Exness Minimum Deposit?

$10 is the minimum deposit on Exness when using e-wallets. Other payment methods have different minimum deposit requirements on Exness.

How Long Does It Take For Deposits To Process on Exness?

The time it takes for deposits to process on Exness varies depending on the method used. Here is a breakdown of the typical processing times for various deposit methods:

Instant Processing Methods

• E-wallets (Skrill, Neteller, etc.): Deposits are typically processed instantly, meaning funds are available in your trading account within minutes.
  
• Cryptocurrency: Deposits made using cryptocurrencies are usually processed instantly, although this can depend on network confirmations.
  
• Online Banking: Deposits via online banking methods are often processed instantly, allowing immediate access to funds.

Fast Processing Methods

• Bank Cards (Credit/Debit Cards): Deposits made using credit or debit cards are generally processed within a few minutes. Occasionally, they may take up to a few hours, depending on the card issuer and processing times.
  
• Local Payment Methods: Many local payment methods supported by Exness also offer fast processing, typically within minutes to a few hours.

Bank Transfers

• Bank Wire Transfers: This method can take longer, usually between 3 to 5 business days, depending on the bank and country of origin.

Exness Withdrawal Methods

All the deposit methods can also be used for withdrawal on Exness. These include:

• Bank transfers
• E-wallets
• Debit cards/ Credit cards
• Cryptocurrency
• Local payment methods

Exness Minimum Withdrawal Amount

The Exness minimum withdrawal amount is $3 using bank cards. This Exness review found that other deposit methods have different minimum requirements shown below:

Withdrawal Method	Exness Minimum Withdrawal Amount	Maximum Withdrawal Amount
PerfectMoney	$2	$10 000
Neteller	$4	$10 000
Skrill	$10	$12 000
Bitcoin	$10	$10 000

How Long Does It Take To Withdraw From Exness?

Exness processes withdrawals instantly on their side but the time it takes for the funds to reflect in your account depends on the withdrawal method used.

Here is a detailed breakdown of the typical withdrawal times for various methods:

Instant and Fast Processing Methods

• E-wallets (Skrill, Neteller, etc.): Withdrawals are typically processed within a few minutes, making e-wallets one of the fastest methods available.
  
• Cryptocurrency: Withdrawals made using cryptocurrencies are usually processed within a few minutes to an hour, depending on network confirmations.
  
• Online Banking: Withdrawals via online banking methods are often processed instantly or within a few hours.

Bank Cards and Local Payment Methods

• Bank Cards (Credit/Debit Cards): Withdrawals using credit or debit cards are generally processed within a few minutes, but they can sometimes take up to 24 hours, depending on the card issuer and processing times.
  
• Local Payment Methods: Many local payment methods supported by Exness offer fast processing, typically within a few minutes to several hours.

Bank Transfers

• Bank Wire Transfers: Withdrawals via bank wire transfer can take longer, usually between 3 to 5 business days, depending on the bank and country of origin.

My withdrawals to PerfectMoney from Exness have taken less than ten minutes on average.

Exness Social Trading

The social trading platforms offered by Exness enable traders to interact, follow experienced traders, and copy their strategies.

This allows beginners to learn from more experienced traders. Experienced traders can earn a commission by sharing their strategies.

Exness Review: Trading Assets

Our team found that Exness offers a wide range of trading instruments to cater for different traders.

1. Forex: Exness provides access to over 100 pairs including major currency pairs like EUR/USD, GBP/USD, and exotic pairs such as USD/TRY.
   
2. CFDs: In addition to forex, Exness offers a variety of Contracts for Difference (CFDs) on commodities, indices, and cryptocurrencies. This allows traders to diversify their portfolios and take advantage of different market opportunities.
   
3. Stocks: Exness clients can access an extensive list of company shares, allowing them to trade popular stocks from various global exchanges. From technology giants like Apple (AAPL) to automotive companies like Tesla (TSLA).
   
4. Metals: Precious metals like gold and silver are available for trading, offering a hedge against inflation and economic uncertainty.
   
5. Energies: Crude oil and natural gas CFDs allow traders to participate in the energy markets on the Exness platform.
   
6. Commodities: Exness clients can speculate on the prices of energy resources like crude oil and natural gas, precious metals such as gold and silver, and agricultural products like wheat and corn.
   
7. Indices: Exness offers trading opportunities in global stock indices like the S&P 500, Dow Jones, FTSE 100, and Nikkei 225.

Exness Bonuses

Exness does not have any bonus available currently. This Exness review found that the broker rarely offers any bonuses or promotions.

If you are looking for brokers offering bonuses then you should check out Hotforex’s 100% bonus or XM $30 no-deposit bonus.

Exness Trading Platforms

This Exness review found that the broker offers several platforms for the convenience of its clients. These platforms include MetaTrader 4, MetaTrader 5, Exness WebTerminal and Exness mobile app.

Metatrader 4 (MT4)

MT4 provides a comprehensive suite of tools for traders of all levels, from beginners to experienced professionals. The platform's intuitive design allows for easy navigation and quick access to essential features.

Metatrader 5 (MT5)

MetaTrader 5 is a more advanced trading platform than MetaTrader 4. The platform offers additional features such as more timeframes, economic calendar integration, a hedging tool and improved trading signals.

Both MT4 and MT5 platforms are available for desktop, web, and mobile devices, ensuring flexibility and convenience for traders.

Exness WebTerminal

Exness WebTerminal is a customised web terminal exclusively developed for Exness clients. The platform is available in a web browser and does not require any installation. Exness WebTerminal provides a variety of features, including technical indicators, charting tools, and order entry tools.

Exness Mobile Trading App

The Exness mobile app has been developed to help clients trade on the go. Our Exness review team used the Exness app and found that it is compatible with both iOS and Android devices.

The Exness app is user-friendly, and feature-rich, and offers a seamless trading experience with access to all available trading instruments.

Exness Education

My Exness review discovered that the broker offers a wide range of educational resources to help traders of all experience levels improve their trading skills. These resources include trading videos, a help center, webinars, articles and a community forum.

However, the broker's educational resources are rather shallow compared to other brokers.

Exness Customer Support Review

Exness offers 24/7 customer support in multiple languages. The broker offers a variety of support channels, including live chat, email, and phone.

Our Exness review team was impressed with how knowledgeable the Exness support team is especially via live chat.

Exness places considerable effort into its customer support services, providing a range of support options and striving for responsive and efficient assistance. The availability of multiple communication channels, prompt responses, and multilingual support enhances the overall customer experience.

Exness Awards

Our review team found that Exness has received numerous awards and accolades over the years as a testament to a broker's commitment to excellence, innovation, and client satisfaction.

Some of the most recent Exness awards include:

• ️Most Transparent FX Broker 2019 (World Finance) and Global FX Broker of the Year 2019(The European).
• ️ Best Customer Support Award at Financial Markets Expo Cairo 2021
• ️ Premium Loyalty Program Award at Financial Markets Expo Cairo 2021
• ️ Most Innovative Broker at Dubai Expo 2021
• ️ Most Innovative Broker at Forex Traders Summit 2023
• ️ Global Broker of the Year at Forex Traders Summit 2023

Exness Verdict

In conclusion, this Exness Global broker review finds that Exness is a well-respected broker that provides a safe, legitimate, and trustworthy trading environment for its clients.

The broker's commitment to transparency, security, and user-friendly features makes it a top choice for traders seeking a reliable and innovative broker.

The broker's competitive trading conditions, varied account types and strong commitment to customer service make it a good choice for traders of all experience levels.

However, the broker's educational resources could be improved. The high leverage offered on some of its accounts may not be suitable for all traders.

Exness Alternatives

You can check out these Exness alternatives.

HFM (Formelly Hotforex)

XM

Deriv

Frequently Asked Questions on Exness Broker Review