Exness

Exness
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Operating since

2008

Website

exness.com

Markets

CFD: Forex, Metals, Cryptocurrencies, Energies, Stocks, Indices

Platforms

MetaTrader 4 (MT4), MetaTrader 5 (MT5), Exness Trade App, Terminal, and Web Terminal

Regulations

FSCA – South Africa (2020/234138/07);
FSA – Seychelles (SD025);
CBCS – Curaçao (0003LSI);
FSC – BVI (SIBA/L/20/1133);

Average Score 9.2
Offer range
9.1
Credibility/Security
9
Platform
8.6
Customer service
10
PROS:
  • Low minimum deposit requirements
  • Wide range of markets available for trading
  • Competitive spreads
  • High leverage options
  • User-friendly trading platforms
  • Social trading options
  • 24/7 customer support
  • Transparent fee structure
CONS:
  • No educational webinars or seminars available
  • Limited research tools and analysis options available
  • No direct market access (DMA) available
  • Limited selection of stocks available for trading
TOP 3 in Cryptocurrencies
TOP 3 in Forex / CFD
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Exness is a global online forex and CFD broker that provides access to a wide range of financial markets, including forex, commodities, indices, stocks, and cryptocurrencies. The broker is regulated by respected financial authorities, including the FCA and CySEC, and offers a variety of benefits to traders, including low minimum deposits, high leverage, social trading, and a transparent fee structure. With user-friendly trading platforms and 24/7 customer support, Exness is a reputable and reliable broker for traders looking to access the financial markets.

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Exness Forex/CFD Broker Review – Is it a good choice?

Choosing the right forex or CFD broker is a crucial step for newbies in trading. A good broker can provide access to a wide range of financial instruments, competitive trading conditions, and reliable trading platforms that can make all the difference in your trading success. One such broker that has been gaining popularity in South Africa in recent years is Exness.

Exness is a reputable forex and CFD broker that has been in operation since 2008. The broker is regulated by top-tier financial authorities, including the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC). Additionally, Exness has obtained a Financial Services Board (FSB) license in South Africa, which allows them to operate and offer services in the country.

With over 400,000 active traders from around the world, Exness has become a popular choice for both new and experienced traders in South Africa. The broker provides its clients with access to a wide range of financial instruments, including forex, commodities, indices, stocks, and cryptocurrencies. Additionally, Exness offers competitive trading conditions, including low spreads and high leverage of up to 1:2000 (or even unlimited for experiences traders). The broker also offers a variety of trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.

exness website

Exness Homepage

In summary, choosing the right forex or CFD broker is a critical decision for any trader in South Africa. Exness is a reputable and licensed broker that offers a wide range of financial instruments, competitive trading conditions, and reliable trading platforms, making it an attractive option for traders of all levels.

Overview of Exness Account Types:

Exness offers a wide range of account types, designed to suit a diverse range of trading styles. They are divided into two main types: Standard and Professional. Each account type offers its own set of conditions for commission, margin call, and leverage, among many others.

Standard Accounts

  1. Standard Account: The Standard account is designed for beginners or traders who prefer a simple and user-friendly trading environment. The account type offers floating spreads, and the minimum deposit requirement is $1. The leverage offered on the Standard account ranges from 1:2 to 1:unlimited, depending on the trading instrument. There are no fees charged on deposits or withdrawals, and the account can be opened in many currencies like ZAR, USD, EUR and many others.
  2. Standard Cent Account: The Standard Cent account is also designed for beginners, but it allows traders to practice their skills with smaller amounts of capital. The account type offers floating spreads and the minimum deposit requirement is only $1. The leverage offered on the Standard Cent account ranges from 1:2 to 1:unlimited, depending on the trading instrument. There are no fees charged on deposits or withdrawals, and the account can be opened in many currencies like ZAR, USD, EUR and many others.
standard account

Standard Account (source: exness.com)

Professional Accounts

  1. Pro Account: The Pro account is designed for experienced traders who require advanced trading tools and features. The account type offers floating spreads and the minimum deposit requirement is $200. The leverage offered on the Pro account ranges from 1:2 to 1:unlimited, depending on the trading instrument. The commission charged on trading is $0, and there are no fees charged on deposits or withdrawals. The account can be opened in many currencies like USD, EUR, or GBP including ZAR.
  2. Zero Account: The Zero account is designed for high-volume traders who require tight spreads and low trading costs. The account type offers floating spreads starting from 0 pips, and the minimum deposit requirement is $200. The leverage offered on the Zero account ranges from 1:2 to 1:unlimited, depending on the trading instrument. The commission charged on trading starts at $0.2 per lot traded in one direction, and there are no fees charged on deposits or withdrawals. The account can be opened in USD, EUR, or GBP including ZAR.
  3. Raw Spread Account: The Raw Spread account is designed for professional traders who require the tightest spreads available. The account type offers raw spreads starting from 0 pips, and the minimum deposit requirement is $200. The leverage offered on the Raw Spread account ranges from 1:2 to 1:unlimited, depending on the trading instrument. The commission charged on trading is up to $3.5 per lot traded in one direction, and there are no fees charged on deposits or withdrawals. The account can be opened in USD, EUR, or GBP including ZAR.
exness professionall accounts

Professional Accounts (source: exness.com)

Exness Real Account – Instruments and Deposits

Exness is a reputable broker that offers a range of trading instruments to cater to different trading needs. The Exness real account provides numerous benefits for traders, including the availability of a wide range of trading instruments such as forex, metals, cryptocurrencies, energies, stocks, and indices. Each trading instrument has its own unique contract specifications, trading hours, symbol groups, and suffixes.

Account Funding / Deposits

When it comes to funding their Exness real account, traders can choose from a variety of payment systems, including SnapScan and Ozow in South Africa. The payment systems available to traders may vary depending on their region, and traders can check their Personal Area for more information. The Personal Area also provides information about deposit fees, deposit processing time, and payment systems.

Exness aims to make the deposit process as quick, convenient, and easy as possible for its clients. Traders can choose from a variety of payment systems to deposit funds into their account at any time of any day, including weekends and public holidays. Exness does not charge commission on deposit fees, but traders should double-check the conditions of their chosen Electronic Payment System as some may have fees by the service provider. The average processing time for deposits is typically instant, but it can vary depending on the payment method used.

In order to access the complete payment method offering, traders must ensure that their account is fully verified. Traders should also double-check the minimum deposit requirements for their chosen payment system and ensure that the payment services they use are managed under their name. Finally, traders should double-check that they have entered their account number and personal information correctly before making a deposit.

In summary, the Exness real account offers a range of trading instruments and flexible funding options to cater to the needs of traders. With a quick and easy deposit process, traders can fund their account at any time of any day and start trading with confidence.

Benefits of using Exness Demo Account

Exness is a popular online trading platform that offers a demo account for traders who want to practice before investing real money. The demo account is a virtual account that mimics real trading conditions, allowing traders to practice their strategies and get a feel for the platform without risking any real money.

One of the main benefits of using an Exness demo account is that it provides virtual funds for trading practice. As mentioned before, demo accounts use virtual money with no real value to trade, allowing traders to test their strategies without risking any real money. This is a great way for novice traders to learn about the trading platform and hone their skills before investing real money.

Details of Exness Demo Account

The market conditions for Exness Demo accounts are exactly the same as they are for Real accounts, making them ideal for practicing your strategies. The only difference is that with Real accounts, you will trade with real funds. Demo accounts are available for every account type other than Standard Cent, allowing traders to try out different account types and see which one works best for them.

When you register a Personal Area on Exness, a demo account with USD 10 000 virtual currency is created in the Demo tab of “My Accounts” by default. You can also create more demo accounts as there is an easy way to do this. This means that you can practice your strategies on different account types or different trading platforms.

How to register for an Exness Demo Account

If you want to try an Exness Demo account for yourself, you can sign up and get virtual money (USD 10,000) to practice with, instantly. Here are the steps to follow:

  1. Log in to your Personal Area on Exness.
  2. Tab over to the Demo section of the My Accounts area.
  3. Click Open New Account.
  4. You will be presented with all the account types that demo accounts are available for. Click Try Demo under whichever account type you wish.
  5. On the next page, you can choose which trading platform you would like. You can also set up the leverage, starting balance, account currency, account nickname, and a trading password.
  6. Click Create an account.

Once you have created your demo account, you can start practicing your trading strategies and get a feel for the Exness platform without risking any real money. When you are ready to start trading with real funds, you can switch to a Real account and begin your trading journey.

How to Register Account with Exness

If you are interested in trading with Exness, the first step is to register for an account. The process is quick and easy, and can be done on the Exness website. Here is a step-by-step guide on how to register for an Exness account:

  1. Visit Exness.com
    The first step is to visit the Exness website, which can be found at exness.com.
  2. Click on Open Account
    Once you are on the Exness homepage, click on the “Open Account” button located on the top right corner of the page.
  3. Select your country of residence
    You will be asked to select your country of residence from a drop-down menu. Please note that this cannot be changed and will dictate which payment services are available to you.
  4. Enter your email address
    Enter your email address in the space provided. This will be used to communicate with you about your account.
  5. Create a password
    Create a password for your Exness account following the guidelines shown on the screen. It is recommended to use a strong password that includes a mix of letters, numbers, and symbols.
  6. Tick the box declaring you are not a citizen or resident of the US If you are not a citizen or resident of the US, tick the box to declare this.
  7. Click Continue
    Once you have provided all the required information, click on the “Continue” button.
  8. Congratulations!
    Congratulations, you have successfully registered a new Exness account and will be taken to your new Personal Area.

Video instruction:

This is the first step of starting trading with Exness. Here is what you have to do next:

Step 1: Register and open an account (described aboce)

Step 2: Complete account verification
Video instruction:

Step 3: Make your first deposit

Step 4: Choose a trading terminal

Step 5: Start Trading

What information I have to provide during registration

Traders need to provide essential information during the account registration process on Exness. The information provided is crucial to ensure that the trader’s account is secure and compliant with regulatory requirements. Traders need to ensure that the information provided is accurate and up-to-date to avoid any issues with their trading account.

  1. Personal Information: Traders need to provide their personal information during the account registration process. This includes their full name, date of birth, and residential address. Traders need to ensure that the information provided is accurate and matches the information on their government-issued ID.
  2. Contact Information: Traders need to provide their contact information, including their email address and phone number, during the registration process. The contact information is crucial as Exness will use it to communicate with traders regarding their account and trading activities.
  3. Trading Experience: Traders need to provide information about their trading experience during the registration process. This includes their trading history, the financial instruments they have traded, and their level of understanding of trading concepts. The information provided helps Exness to understand the trader’s level of expertise and provide them with the necessary support.
  4. Financial Information: Traders need to provide their financial information during the registration process. This includes their income, net worth, and investment objectives. The information provided helps Exness to determine the trader’s risk profile and provide them with the appropriate trading conditions.
  5. ID Verification: Traders need to provide a government-issued ID during the registration process to verify their identity. Exness accepts a valid passport, driver’s license, or national ID card for identity verification. Traders need to ensure that the information on their ID matches the information provided during the registration process.
  6. Banking Information: Traders need to provide their banking information during the registration process. This includes their bank account number and routing number. The banking information is used to facilitate deposits and withdrawals from the trader’s trading account.

Exness Leverage and Fees

Exness offers competitive leverage options to its traders, allowing them to amplify their trading positions and potentially increase their profits. The leverage offered by Exness varies depending on the financial instrument being traded and the trader’s account type.

  1. Overview of Exness Leverage Options: Exness offers flexible leverage options, with maximum leverage ranging from 1:2 to 1:Unlimited, depending on the account type and the financial instrument being traded. The higher the leverage, the greater the risk and potential reward. Traders need to understand the risks associated with using leverage and should use it responsibly.
  2. Transparency in Exness Fee Structure: Exness is transparent about its fee structure, and traders can find detailed information on its website. The fees charged by Exness depend on the financial instrument being traded, the account type, and the transaction size.

Exness offers two types of accounts: Standard and Professional. Standard accounts have a fixed spread, while Professional accounts have a variable spread. The spread is the difference between the buying and selling price of a financial instrument and is the primary way Exness makes money. The spread can vary depending on market conditions, but Exness is transparent about its average spreads for each financial instrument.

Exness does not charge any commission for trades on Standard accounts, and there are no hidden fees. Commission exist on Pro accounts. Traders may incur fees for deposits or withdrawals, depending on the payment method used. However, Exness offers a wide range of payment options, and many of them are free of charge.

In conclusion, Exness offers competitive leverage options and has a transparent fee structure. Traders can find detailed information on the fees charged by Exness on its website. Traders need to understand the risks associated with using leverage and should use it responsibly. Exness offers a range of payment options, and traders should consider the fees associated with each payment method before making a deposit or withdrawal.

Exness Social Trading

Exness Social Trading is a revolutionary platform that offers novice traders an opportunity to enter the markets with ease. The platform makes it simple to follow and copy trades of experienced traders, allowing you to earn from profitable trades without having to navigate the markets on your own.

One of the key features of Exness Social Trading is the suite of tools that give you control over your investments. The platform allows you to browse and choose trading strategies created by experienced traders, referred to as strategy providers. Once you find a strategy that you like, you can start copying the trades made in that strategy.

As an investor, you have the option to copy trades of multiple strategy providers simultaneously. This way, you can diversify your investments and reduce your risk. The platform also provides metrics for calculating return and risk, allowing you to measure the performance of a strategy before you start copying trades.

The goal of a strategy provider is to profit off their trades, and as they do, investors also earn at proportional rates. When a strategy provider’s strategy makes a profit, they also earn a commission at a rate they set, between 0% to 50%. This commission is obtained at the end of a trading period, which can vary depending on the strategy provider.

Copying trades is a straightforward process that involves factoring in a copying coefficient. This coefficient ensures that the trades are copied to your account with the correct sizing and proportionality. You can start copying trades even when the market is closed, up to three hours before it reopens. In such cases, the orders will be copied at the last available market price.

One of the major benefits of following and copying trades of successful traders is that it allows you to learn from their experience. You can see how they make trading decisions and gain insights into their strategies.

Exness Trading Platforms Overview

In this chapter, we will be discussing the trading platforms available on Exness, which include the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as Exness’ own Trade App, Terminal, and Web Terminal.

MT4 and MT5 are the most commonly used trading platforms in the industry and are known for their user-friendly interface and advanced trading tools. Both platforms offer customizable charting tools, technical analysis indicators, and a wide range of order types to cater to different trading styles. While MT4 is more commonly used for forex trading, MT5 offers additional features for trading in other financial markets such as stocks and futures.

Exness Trade App, Terminal, and Web Terminal are also available for traders who prefer a simpler trading experience. The Trade App allows traders to access their trading accounts on-the-go with a streamlined interface that includes basic charting tools and real-time quotes. The Terminal and Web Terminal offer basic trading functionalities such as order execution, real-time quotes, and account management.

To choose the most suitable trading platform for you, it’s important to consider your trading needs and preferences.

The table below provides an easy view of the functionalities of each trading platform at a glance:

Trading Platform Use of Expert Advisors and Scripts Use of Indicators Installing additional Expert Advisors and Scripts Trading on multiple accounts simultaneously Use of Trailing Stop Use of Signals Log File availability Log File time
Exness Trade App No Yes No No No No Use information from the Orders tab Local time
Exness Terminal No No No No No No Use orders and transactions information from the History tab Local time
Multiterminal No No No Yes No No No No
Web Terminal No Yes No No No No Use Journal as Log File Local time
MT4 and MT5 (Mobile version) No Yes No No No Use Journal as Log File iOS – local time

Android – server time

MT4 and MT5 (Desktop version) Yes Yes Yes No Yes Yes Yes Displayed in local time as per client’s computer

In conclusion, Exness offers a range of trading platforms to cater to different trading styles and preferences. Traders can choose from the user-friendly and advanced MT4 and MT5 platforms, or opt for the simpler Trade App, Terminal, and Web Terminal. It’s important to select the platform that suits your trading needs and preferences to ensure a smooth and successful trading experience.

Exness Markets Overview

Exness offers a wide range of markets for trading, including forex, commodities, indices, stocks, and cryptocurrencies.

Forex is the most popular market on Exness, with over 120 currency pairs available for trading. Traders can access major, minor, and exotic currency pairs with competitive spreads and leverage up to 1:2000.

Commodities are another popular market on Exness, with a variety of energy and metals available for trading, such as crude oil, gold, and silver. Exness offers leverage up to 1:200 for trading in the commodity market.

Indices are also available on Exness, allowing traders to access global stock market indices such as the S&P 500, Nasdaq 100, and Dow Jones Industrial Average. Traders can access these markets with leverage up to 1:200.

In addition to these traditional markets, Exness also offers trading in individual stocks and cryptocurrencies. The stock market on Exness includes major companies such as Apple, Amazon, and Facebook, with leverage up to 1:20. Cryptocurrency trading is also available, with popular coins such as Bitcoin, Ethereum, and Litecoin available for trading with leverage up to 1:200.

One standout feature of Exness is the availability of NASDAQ trading. NASDAQ is one of the largest and most widely traded indices in the world, and Exness offers traders the opportunity to trade it directly. Traders can access NASDAQ with leverage up to 1:20, with competitive spreads and a range of trading tools available.

In conclusion, Exness offers a wide range of markets for trading, including forex, commodities, indices, stocks, and cryptocurrencies. Traders can access these markets with competitive spreads and leverage up to 1:2000. NASDAQ trading is also available, allowing traders to access one of the world’s largest and most widely traded indices directly.

markets available on exness

Users Reviews of Exness

In this chapter, we will be looking at the user reviews of Exness on various platforms. User reviews are an important factor to consider when choosing a broker as they provide valuable insights into the experiences of other traders.

On Trustpilot, Exness has a rating of 3.8 out of 5, based on over 1500 reviews. While this is not a perfect score, it is worth noting that the majority of reviews are positive, with many traders praising the fast and efficient customer service and the user-friendly trading platforms.

On Google Play, Exness has a rating of 4.7 out of 5, based on 844 reviews. Many traders have commented on the ease of use of the mobile app and the availability of advanced trading tools on the platform.

On the Apple App Store, Exness has a rating of 4.2 out of 5, based on over 80,000 votes. Traders have praised the app for its reliability and ease of use, with many stating that it is one of the best trading apps available.

Overall, the user reviews of Exness are mostly positive, with many traders praising the broker for its fast and efficient customer service, user-friendly trading platforms, and reliable trading conditions. While there are some negative reviews, it is important to note that every broker will have some negative feedback, and the overall trend of the reviews is positive.

It is worth noting that traders should always do their own research and due diligence when choosing a broker, and user reviews should be just one of the factors considered. Additionally, it is important to remember that individual experiences may vary, and what works well for one trader may not work for another.

Summary of Exness Review

Based on our research, Exness is a well-established broker with a solid reputation in the industry. It is regulated by respected financial authorities, including the FCA and CySEC, which helps to ensure the safety of clients’ funds.

Exness offers a variety of benefits to traders, including low minimum deposits, high leverage, social trading, and a transparent fee structure. Traders can also access a wide range of markets for trading, including forex, commodities, indices, stocks, and cryptocurrencies.

The trading platforms provided by Exness are user-friendly, and the broker offers a variety of advanced trading tools to assist traders with their analysis and trading decisions. Additionally, customer support is available 24/7, which is a valuable feature for traders who may need assistance at any time.

While there are some negative reviews of Exness, the majority of reviews are positive, with many traders praising the broker for its fast and efficient customer service, user-friendly trading platforms, and reliable trading conditions.

Overall, we believe that Exness is a reputable and reliable broker for traders, with a solid reputation in the industry and a variety of benefits to offer. However, as with any broker, traders should always do their own research and due diligence before opening an account and trading with real money.

Expert score

9.2Expert Score
Exness is a global online forex and CFD broker that provides access to a wide range of financial markets, including forex, commodities, indices, stocks, and cryptocurrencies. The broker is regulated by respected financial authorities, including the FCA and CySEC, and offers a variety of benefits to traders, including low minimum deposits, high leverage, social trading, and a transparent fee structure. With user-friendly trading platforms and 24/7 customer support, Exness is a reputable and reliable broker for traders looking to access the financial markets.
Offer range
9.1
Credibility/Security
9
Platform
8.6
Customer service
10
PROS
  • Low minimum deposit requirements
  • Wide range of markets available for trading
  • Competitive spreads
  • High leverage options
  • User-friendly trading platforms
  • Social trading options
  • 24/7 customer support
  • Transparent fee structure
CONS
  • No educational webinars or seminars available
  • Limited research tools and analysis options available
  • No direct market access (DMA) available
  • Limited selection of stocks available for trading

User Reviews

There are no reviews yet.

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Risk Disclosure: The information provided on this website is intended for general informational purposes only and should not be considered as financial advice, investment recommendations, or an endorsement of any particular investment product or service. Trading forex, cryptocurrencies, and other investment products carries a high level of risk and may not be suitable for all investors.

 

This website may contain links to third-party websites, which are provided for your convenience and information. We are not responsible for the content, accuracy, or reliability of these external sites and do not endorse or guarantee any products or services offered therein. It is your responsibility to carefully review the terms and conditions, privacy policies, and risk disclosures of any third-party websites before engaging in any transactions or investments.

 

By using this website, you acknowledge and agree that you have read, understood, and accept this Risk Disclosure in its entirety and that you are solely responsible for any investment decisions you make.

 

At Compape, we strive to provide our users with the most accurate, reliable, and up-to-date information on forex/CFD brokers and crypto exchanges. To maintain our website and continue offering valuable content to our users, we may receive compensation through affiliate links on our site. This means that when you click on some of the links on our website and sign up or make a purchase, we may receive a commission at no additional cost to you.

 

Please note that our affiliate partnerships do not influence our reviews, comparisons, and educational content. Our priority is to remain unbiased and transparent in all our recommendations. We maintain a strict editorial policy to ensure the quality and integrity of our content, and we always put our users’ best interests first. Your trust is our top priority, and we are committed to providing you with reliable information to help you make informed decisions in the world of forex, CFD, and crypto trading.

 

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 72% – 89% of retail investor accounts lose money when trading CFDs.You should not risk more than you are prepared to lose. Please ensure you fully understand the risks associated with the product and read our full risk disclosure statement.

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