Exness Social, Copy Trading Review 2024 📊 Is It Worth It?

Overall, Exness social trading is a good option for traders who are looking for a way to invest in the financial markets without having to have a lot of experience or knowledge. With a diverse selection of traders, performance statistics, risk management tools, and a strong commitment to transparency and security, it is a platform worth considering for both novice and seasoned traders.

Rating: ★★★★☆

As an active trader on the Exness Social Trading platform, I've had firsthand experience with its features and functionality. My review is based on extensive use and is crafted to provide an unbiased and trustworthy assessment. Whether you're a novice trader looking to learn from seasoned professionals or an experienced trader seeking new strategies, my insights will help you make an informed decision about using Exness Social Trading.

Exness provides two social trading platforms: Exness Social Trading and Exness Copy Trading.

Exness 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 Social Trading?

Exness Social Trading, also known as copy trading or mirror trading is a service offered by the forex and CFD broker Exness that allows traders to connect and interact with other traders.

Exness copy trading allows investors (also known as followers) to copy and replicate the trading strategies of more experienced and successful traders (known as strategy providers).

It's a platform that aims to facilitate a community of traders, enabling them to share insights and strategies with each other.

How Does Exness Copy Trading Work?

Exness social trading works by connecting followers to strategy providers. The strategy providers' trades are automatically copied to the followers' accounts in real-time. This means that followers can potentially make profits without having to trade themselves.

Followers can choose which strategy providers to follow and can monitor their trades, close positions, withdraw profits, and manage their investments.

As a follower, you also have access to risk management tools and real-time performance monitoring.

Followers on Exness copy trade only pay a commission if the copied trades are successful.

Exness copy trading clients can follow as many strategy providers as they want, which means they can choose different trading approaches with different risk levels.

Exness social trading is quite a convenient platform for copy trading. It is accessible via MT4, web platform, and mobile apps for Android and iOS. 

Features Of Exness Mirror Trading

• Customization Options:
  Exness Social Trading offers various customization options to cater to individual preferences and risk tolerance. Followers can set risk parameters, such as maximum trade size and maximum drawdown, to match their copying strategy with their risk appetite
  
• Performance Tracking
  Followers on Exness social trading can assess the historical performance of the traders they want to follow, including metrics like returns, drawdowns, and other important statistics. This helps in decision-making.
  
• Easy-to-use platform: 
  The Exness Copy Trading platform is user-friendly and easy to navigate. Followers can quickly and easily browse and invest in strategy providers, monitor their investments, and track their earnings.
  
• Wide range of strategy providers: 
  Exness Copy Trading has over 600 000 monthly active users and a good number of them are strategy providers. This means that investors have a wide pool to choose from, with different risk appetites, profitability records, and trading styles.
  
• Real-time Copy Trading:
  Once users have chosen the strategy providers they want to follow, the Exness Social Trading platform enables real-time copying of their trades.
  
• Real-time performance tracking:
  Exness Copy Trading provides real-time performance tracking of all strategy providers and investments. This allows followers to monitor their investments closely and make adjustments as needed.

How Do You Join Exness Copy Trading?

Our Exness copy trading review found that it is easy to get started with the platform. Here are the steps on how to use Exness social trading:

1. Open a live trading account with Exness.
2. Exness social trading login.
3. Select a strategy provider to copy.
4. Allocate funds to a strategy.
5. Start copying.

Let's look at these steps in depth below:

Open A Live Trading Account With Exness

Visit the Exness copy trading sign-up page here.

Click on the ‘Register‘ button.
Enter your details on the sign-up page and click on ‘Continue'. Verify your email and accept the legal agreements.

At this point, you would have successfully created your Exness Personal Area account which lets you manage all of your Exness accounts.

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.

Choose from the available Exness 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.

Click on ‘Create Account‘ to finalise the process.

Access your new trading account in the “My Account” tab and you can proceed to deposit and start trading.

Exness social trading login

After creating and verifying your account, you must now do an Exness social trading login to access the Exness copy trading platform.

Login to your Exness account using the email and password you chose when you created the account.

Look for the ‘social trading' tab and click on it.

The top part allows you to create a strategy so that you get copy-trading clients. If you want to copy the trades of others, scroll down to the bottom of the page

You will see links to download the Exness social trading app for both Android and iOS.

The Exness social trading app is free to use. Download the one for your device.

Do Exness social trading login using the email and password you chose when you created your Exness account.

Select A Strategy Provider to Follow:

You will see a list of different strategies available for copying when you log in to the Exness social trading app.

The strategies are arranged under different features to help you choose the one you want. These features include:

• The risk score.
  This shows the level of danger involved. In general, the higher the score, the higher the risk, and the faster you can either make or lose money.
  
• Commission
  This shows the commission percentage charged by followers for copying successful trades. That percentage can be anywhere from 0% to 50%.
  
• Potential returns 
  This shows how the equity has grown or declined from the start to the end of the month
  
• The number of investors 
  This shows the number of followers copying a strategy. Generally the higher the number of investors, the better the strategy.
  
• Leverage
  Shows the leverage used by the strategy.
  
• Equity refers to the sum of money currently in the investment account.

Each signal provider has a profile that includes important information about their trading strategy, risk preferences, historical performance, and other relevant details.

Choose a strategy to follow after reviewing the available signal providers. You can select one or more traders whose strategies align with your investment goals and risk tolerance.

You can follow more than one signal provider at a time to diversify your risk.

Allocate Funds To A Strategy

Once you have done your research, tap on the selected strategy and click on ‘Open an investment‘.

Fill in the amount (in USD) you would like to invest. Bear in mind that you can only invest based on the amount of funds you have in your wallet. If you would like to invest more, please top up your wallet.

After entering the amount, click on ‘Open new investment‘.

You will see the message ”Your investment was opened successfully” and all trades on the selected strategy will be copied onto your investment using the copying coefficient and current market prices.

Start Copy trading on Exness

Once you have chosen a strategy and allocated funds, Exness's Copy Trading system automatically copies the selected traders' actions in the followers' accounts.

The trades will be copied into your account with the same position size and at the same entry price.

You will get real-time updates to track the performance of the copied trades. You can use risk management tools like stop-loss orders to limit potential losses and control the level of risk associated with the copied trades.

As a follower, you can stop copying a trader at any time, adjust the funds allocated to a strategy, or choose new traders to follow based on your changing preferences and risk appetite.

How much does Exness Copy Trading cost?

My experience has shown that the broker does not charge any additional fees specifically for using the Exness social trading platform. However, regular trading fees and spreads may apply to the trades executed in your account. It's advisable to review the fee structure provided by Exness and understand the costs associated with trading on their platform.

Exness generally has low fees.

How To Become A Strategy Provider on Exness Copy Trade

Becoming a strategy provider on Exness gives you a chance to earn commissions from your investors. It is easy to become a strategy provider. Simply follow the steps below.

Start by creating a “Personal Area” as a strategy provider on the Exness website, complete with an email address and phone number.

Once you have access to a “Personal Area,” log in, choose “Social Trading” from the main menu, and then do the following:

1. Choose “Create a new strategy” to set up its name, password, and description;
   
2. Choose between the Social Standard and Social Pro account types based on how much money you want to deposit; 
   
3. Set the commission rate in USD and the leverage (you can change them later);
   
4. You will immediately receive your account’s account number and server information. When logging into MT4, use these credentials. 
   
5. You can start trading right away after making a deposit using a variety of Exness payment methods.

You will have access to a dashboard that shows you statistics like:

• total number followers
• amount invested by your followers
• commission earned as a strategy provider on Exness

Exness Copy Trading Account Types For Strategy Providers

This Exness copy trading review found that the broker offers different account types for strategy providers.

Exness Social Standard Account

This account has a minimum first deposit of $500, and the minimum equity needed to activate a strategy is also $500.

$100 is the minimum account balance needed to remain visible for investors.

This account type offers market order execution and the margin size depends on the instrument.

Exness Social Pro Account

This account needs a minimum first deposit of $500, and the minimum equity needed to activate a strategy is $2000.

$400 is the minimum balance needed to remain visible to investors. This account type offers both market and instant order execution, the margin size depends on the instrument and spreads match the Exness Pro trading account type. 

Exness Investment account

The minimum initial deposit for each strategy is set by its provider, yet by default is equal to $10. Trading conditions Follow ones of the strategy account type. No leverage is provided for Investment accounts. 

Exness Commission account

The commission earned by strategy providers is put into a separate automatically opened commission account (only one per provider). Strategy providers can monitor the balance of their commission account in their Personal area.

The earned commission is transferred at the end of each trading period.

While choosing your account type as a signal provider, please pay extra attention to the following:

• Both Social Standard and Social Pro accounts have a minimum deposit of $500 that must be made all at once, via a single transaction. 
• For Social Pro accounts, the strategy doesn’t start working until the provider has $2000 in the strategy account. This can be done by either depositing funds in a strategy account or making money from it. If a strategy isn’t being used, investors won’t be able to see it. 
• On strategy accounts, you won’t be able to trade in stocks, energies, or indices.

What Is the Exness social trading minimum deposit?

The Exness copy trading minimum deposit amount is $10 for followers and $500 for signal providers using the Social Standard account.

Signal providers using the Social Pro account have a minimum deposit requirement of $2 000

Pros Of Exness Copy Trading

• No daily trading requirements
• Many strategy providers to choose from
• Risk management features are provided for the convenience of followers
• You can learn to trade yourself by closely monitoring and analysing the successful trades taken by your strategy provider
• Helps to diversify your portfolio
• Earn passive income from successful trades copied on social trading Exness.
• You have total control of your account. You can make changes at any time
• Only pay commission for successful trades copied

Cons Of Exness Copy Trading

• Past performance does not guarantee future results on social trading Exness
• May promote over-reliance on others
• There is still risk involved in copy-trading

Exness Social Trading App Review

Having spent a considerable amount of time using the Exness Social Trading app, I can confidently share my insights based on my personal experience. This review aims to provide an unbiased and trustworthy evaluation of the app’s features, usability, and overall performance.

User-Friendly Interface

The Exness Social Trading app boasts an intuitive and clean interface. From the moment you log in, it's evident that the app is designed with user experience in mind. Navigating through various sections, such as trader profiles, performance metrics, and account settings, is seamless and straightforward.

Trader Profiles and Performance Metrics

One of the standout features of the app is the detailed trader profiles. Each profile includes comprehensive information about the trader’s strategy, risk level, and historical performance. This transparency is crucial for making informed decisions about whom to follow. The performance metrics are updated in real-time, allowing you to track the success and drawdowns of each trader accurately.

Copy Trading Functionality

The core feature of the Exness Social Trading app is its copy trading functionality. With just a few taps, you can start replicating the trades of experienced traders. The app allows you to allocate funds to different traders and set parameters for risk management, such as stop-loss levels. This makes it easy to diversify your investments and manage risk effectively.

Risk Management Tools

Exness has incorporated robust risk management tools into the app. Users can set stop-loss limits and investment caps, ensuring that they have control over their exposure. These tools are essential for protecting your capital, especially in the volatile forex and CFD markets.

Community and Communication

The social aspect of the app is well-developed. You can engage with other traders, share insights, and discuss strategies within the community. This feature fosters a collaborative environment where you can learn from the experiences of others and enhance your trading knowledge.

Security and Regulation

As a regulated broker, Exness ensures that the app adheres to industry standards for security and compliance. Your funds are segregated and protected, providing peace of mind that your investments are safe. The app also employs strong encryption to safeguard your personal information.

Mobile Accessibility

The Exness Social Trading app is available on both iOS and Android platforms, making it accessible to a wide range of users. The mobile app replicates the functionality of the desktop version, allowing you to manage your trades on the go. The performance is smooth, and I did not encounter any significant issues or glitches during my use.

Demo Accounts

For those new to social trading, Exness offers demo accounts within the app. This feature allows you to practice and get comfortable with the platform’s functionalities without risking real money. It’s a great way to test different strategies and understand how the app works before committing your funds.

Final Thoughts On Exness Social Trading App

The Exness Social Trading app is a robust and user-friendly platform that caters to both novice and experienced traders. Its detailed trader profiles, comprehensive risk management tools, and active community make it a valuable resource for anyone looking to enhance their trading experience.

While trading always involves risk, the features and security measures provided by Exness offer a supportive environment for social trading. Based on my experience, I highly recommend giving the Exness Social Trading app a try if you are looking to diversify your trading strategies and learn from seasoned traders.

Conclusion On Social Trading Exness

In conclusion, this Exness social trading review found that it is a solid platform that offers several advantages, including access to a trading community, copy trading opportunities, diversification, learning opportunities, and transparency.

Traders seeking to learn from experienced traders and access a wide range of investment opportunities will find Exness Social Trading beneficial.

However, it is important to be aware of the risks involved with copy trading on Exness. Such risks include potential losses, reliance on others, limited control, overreliance, and limited social interaction.

Traders should carefully consider these pros and cons before engaging in social trading and ensure they have a clear understanding of their own trading goals, risk tolerance, and the strategies of the traders they choose to follow or copy.

Frequently Asked Questions On Exness Social Trading

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