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Download Exness App

Due to the absence of detailed information regarding various fees and charges, it is advisable to reach out to their customer support for the most comprehensive and xcritical details. Once your account is live, any further deposits will need to be at least $10. If you are using a Standard or Pro account with Exness, then you can trade with up to 96 Forex pairs. If you are trading with the Raw or Zero Account you can trade 73 Forex pairs which include fewer exotic pairs compared to the no-commission accounts. When selecting a broker, traders will need to weigh up which aspects are most important to them.

Desktop Trading Apps

Their Terminal is a web-based trading platform which means you won’t need to download and install anything and can get trading right away. The other trading platforms of note are mainstream MetaTrader 4 and MetaTrader 5. Unlike with market execution, you will get a requote when spreads differ from your ordered price thus giving you a chance to accept or reject the new price. The Exness Standard account offers you the full range of assets across forex, metals, cryptocurrencies, energy, indices, and stocks with no commission cost. With over 100 forex pairs, 34 crypto pairs, 98 blue-chip stocks, 13 commodities and 10 indices, you’ll have plenty of assets to choose from.

Charting, Ease of Use, and Additional Features

If you’re looking for the lowest cost and a greater degree of safety, it could be worth checking some competitors. Once your account is set up (it shouldn’t take long to process), you’re ready to make your first deposit (the minimum is $200) and then proceed to select the account type which works best for you. Exness offers a fairly good selection of educational resources which are categorised from beginner to advanced, so no matter where you sit on the trading experience spectrum, there will undoubtedly be something for you. Additionally, Exness offers you details on the availability of their support teams across the globe and offers phone and email support, 24 hours, 5 days a week. Their help centre also has some pretty good information which can answer some basic questions. We also think unlimited leverage is pretty crazy and opportunistic from the broker.

Regulated and Secure

While trading with some leverage when done properly can be very useful, unless you know what you are doing or can afford to lose we recommend responsible trading which means limiting the leverage you use. It also integrates with both MetaTrader 4 and MetaTrader 5 which is a big plus. Minimum deposits on Exness start from $10, but you’ll initially need to deposit $200 when first opening an account. You can withdraw as little as $2 and Exness doesn’t charge any withdrawal or deposit fees. We found it interesting when we discovered that Exness automatically allocates a swap-free account (also called an Islamic account) to all clients based in countries that follow Sharia law.

Exness Key Features Snapshot

It’s important to note that both the open and close commission is bundled together when the position is first opened. Minimum order sizes start from 0.1 lots and the account is integrated with both MetaTrader4 and MetaTrader 5, there’s also a greater number of account currency types to choose from. In January 2023, Exness claimed to have 490,000 active traders, up 63% over a year. They also stated that active clients had increased by 12% from 440,000 in December 2022. As of April 2023, Exness had 476,000 active traders, demonstrating a strong growth trajectory.

These accounts, namely the Standard Cent, Standard, Pro, Zero, and Raw Spread, offer a spectrum of features tailored to different experience levels and trading preferences. Whether you are a novice looking to test strategies with smaller volumes or an experienced trader seeking ultra-low spreads, Exness provides a range of options to enhance your trading experience. Exness distinguishes itself through an extensive range of tradable instruments, catering to diverse trader preferences and strategies. Traders can explore commodities, including precious metals, and energies, to diversify their portfolios.

Exness offers unlimited leverage, which for better or worse, is a clear differentiator that sets it apart from many other forex brokers. Overall, we think Exness offers reasonably competitive spreads, a good range of account options, diverse funding methods which include cryptocurrencies, and a decent education. Exness is an ideal broker for both novice and seasoned traders, offering a wide range of trading instruments and advanced features. Its user-friendly platform and competitive spreads make trading hassle-free, while the absence of commission fees further enhances the value for traders. The broker’s robust regulation and commitment to security inspire confidence in traders, ensuring a safe trading environment.

If we ignore the quick of somehow downloading Pocket Option (which you are unlikely to come across in markets Exness actually accepts clients from) then we think the offering Exness have is quite decent. Not only can you choose between 3 quality trading platforms they also have a good social trading app that avoids the generic offering many brokers are creating. We gave Exness a score of 50 out of 100 making them a decent choice for a Forex broker but unless you are located in an emerging market (like the Philippines, Malaysia or much of Africa), you can’t trade with them. With MT4 and MT5 trading platforms and spreads with instant execution, the broker’s most unique feature is their unlimited leverage. Exness presents a comprehensive suite of five distinct account types to accommodate the diverse needs of traders.

  1. It’s important to note that both the open and close commission is bundled together when the position is first opened.
  2. In the currency market, Exness offers a comprehensive range of currency pairs, allowing traders to participate in major, minor, and exotic currency trading.
  3. We think this account is best if you know exactly which currency pairs you intend to trade.
  4. Minimum order sizes start from 0.1 lots and the account is integrated with both MetaTrader4 and MetaTrader 5, there’s also a greater number of account currency types to choose from.

Exness employs a variable spread model on its trading instruments, with spread values subject to change based on market conditions and account type. This dynamic approach offers traders flexibility in managing their trading costs. Exness has a decent range of forex pairs to trade but it doesn’t offer any ETFs, bonds or treasuries, futures, or the option to purchase underlying shares. If you are a beginner and don’t really understand all the concepts of trading and just want to find good signal providers to follow, the Exness social trading app is a decent option. If you are going to follow someone then there is every reason to want to know the signal providers equity and their risk management strategies. Unfortunately, Exness don’t offer PayPal, or xcritical and limits NETELLER and Skrill to Kenya which is surprising.

When we test the platform, we found it performed as well as any desktop which is a good thing as it means you can use the platform on any medium you can access a web browser, even mobiles. Additionally, Exness is a market maker which means they provide their own liquidity and are the counterparty xcritical cheating to your trades. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community.

Overall, while these spreads aren’t bad, they’re also not the best, so If you’re looking for a broker with the tightest spreads, you can read our analysis on the most competitive brokers. Exness provides a web-based trading platform that can be accessed directly through a web browser. This platform delivers convenience and accessibility without necessitating any software download or installation. The broker’s commitment to fraud prevention and fund security underscores its dedication to trader protection. The Exness Academy offers various courses which run through key concepts from managing the risks, to analysing price action.

These resources provide invaluable insights into market trends, trading behaviors, and instrument-specific details. One prominent feature is the real-time push notifications that traders receive directly to their devices, ensuring they stay informed about market movements, price alerts, and potential trading opportunities. The MetaTrader 5 trading platform unlike MetaTrader 4, enables share trading so it is a better choice if you wish to access the entire suite of trading products Exness offers. In fact, MetaTrader 5, is an upgrade on MetaTrader 4 meaning it is superior in every way.

We visited their website and it was pretty vague with details and had no information on the team. We subsequently checked Trustpilot and although they have a 4-star rating, there are several very negative reviews that accuse Pocket Option of being a scam. When he downloaded the app from the iOS app store, Exness Trade launched an entirely new branded product called Pocket Option which we hadn’t seen referenced anywhere on the Exness website.

We think this account is best if you know exactly which currency pairs you intend to trade. Exness excels in its account opening procedure, which is both efficient and user-friendly. Typically completed within 1 to 2 days, the process is quick and hassle-free. Exness distinguishes itself by offering a seamless verification process that prioritizes compliance and security while expediting account activation. These distinctive features contribute to the overall positive experience of opening an account with Exness, making it an attractive choice for traders. Exness does offer a live chat bot which is decent but it still couldn’t answer some basic questions like “Is there an inactivity fee”.

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