exness forex broker review

The compensation fund covers about €20,000 per client if the broker does not comply with the judgment of the Financial Commission. A significant reason for Exness’ popularity is the leverage size they offer when trading on their platforms. It enables direct trading from any operating system and browser, featuring one-click trading, watchlists, chart trading, transaction history, and 30 technical analysis indicators. The Exness YouTube channel is mostly dedicated to analysis, but it also features a range of educational platform tutorial videos covering how to use Exness Terminal and MetaTrader. Here, you can find everything from basic setup to more advanced topics like how to connect to Exness VPS. CFDs allow traders to speculate on price movements like futures and other derivative financial instruments without owning the underlying asset.

Trading Spreads With Exness (And Other Brokers)

According to our research, Exness is a reliable brokerage that caters to a wide range of traders, from beginners to experienced professionals. Its commitment to regulatory compliance in multiple countries ensures a safe trading environment. Yes, Exness offers a demo account where you may practice trading with virtual money under real-market circumstances without risk. Exness offers traders no deposit or withdrawal fees, making it a cost-effective option for maintaining their trading money. Exness provides a safe and trustworthy MT4 trading environment with low slippage and quick execution, which is critical for traders in fast-paced global markets.

Exness Terminal Platform

Both their official website and client support are available in 16 languages including English, Thai, Chinese, and Swahili. While the broker is regulated in 8 jurisdictions, only the FCA and CySEC are ones we would take seriously as a regulator and strangely, the broker does not operate out of this market. 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. As an aside, my colleague also tried to test using the Australian Google Store and the Exness app does not show which makes sense.

  1. Does Exness engage in any corporate social responsibility initiatives?
  2. Both their official website and client support are available in 16 languages including English, Thai, Chinese, and Swahili.
  3. It also offers services to the citizens of the UK, owning the needed license to do so.
  4. Exness Broker provides distinct trading features that create a smooth trading experience.

How Much Can I Deposit in Exness?

However, diversity of trading instruments outside the forex market, advanced software and educational programs are not the qualities you will find in abundance on Exness. Regulation in the Seychelles also leaves questions, although, taking into account the 12-year experience and quite stable reputation, it is not critical. Demo version is offered for different types of accounts, with the exception of Standard Cent. At creation of the demo, the traders are given a virtual balance of US $10,000. In order to understand how attractive Exness commission levels are, let’s compare them with competitors from eToro and Forex.com.

Brief review of Exness commission system

From our analysis, IronFX offers the MT4 platform for Windows, and Android mobile devices and via MT4 Web Trader for browser-based trading. Mac users will need to download external programs to run the MT4 windows application or use the IronFX mobile trading app or web trader software. From our live testing on the commission-free Pro account, we found the average spread for EURUSD during the London open was 0.8 pips which https://forexbroker-listing.com/ was much better than the industry average. You can access even tighter spreads with the Raw Spread account but with a commission of 3 units of the base currency per side, per lot. From our testing, trading fees for Tickmill were competitive as the Pro Account offers spreads from 0 pips and a low commission of just $2 per side, per $100,000 traded. The Classic Account offers spreads from 1.6 pips with zero commission.

One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is using borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account. There are also three professional accounts – Raw Spread, Zero, and Pro – that are designed for experienced traders, including scalpers, day traders, and algorithmic traders. Exness offers a very strong selection in forex, commodities, indices, and cryptocurrencies, affording clients opportunities with a greater variety of markets at their fingertips. CFDs on shares are relatively limited, and I would like to see more global exchanges added to the mix. Within the client portal, traders can access the Social Trading platform, enabling them to copy the trades of successful traders (strategy providers).

exness forex broker review

Forex Risk Disclaimer

exness forex broker review

Unfortunately, Exness don’t offer PayPal, or Klarna and limits NETELLER and Skrill to Kenya which is surprising. This account has zero pips spreads on the 30 most traded currency pairs for the majority of the trading day making it suitable for high-frequency and if you are using automated trading strategies. We think this account is best if you know exactly which currency pairs you intend to exness broker reviews trade. Exness offers mobile trading apps, as well as MT4 and MT5 for both Android and iOS devices. These apps grant traders the flexibility to access their accounts, execute trades, and monitor market developments while on the move. In our rating reviews, we consider a low spread for EURUSD to be less than 1 pip and a high spread above 3 pips when using a commission-free trading account.

exness forex broker review

For cross-currency pairs such as GBPJPY, we consider a high spread to be above 5 pips and a low spread to be below 3 pips. Via the Standard Account, traders can benefit from spreads as tight as 0.8 pips in EUR/USD and 1 pip in GBP/USD. In addition, high-volume traders who qualify as Premium clients can earn substantial cash rebates.

exness forex broker review

However, traders should be mindful of fees set by their payment providers. The methodology we use to evaluate brokers has grown in depth and checkpoints as the industry has changed over time as well. Our reviews now test for more than 250 data points covering nine core categories. For beginner traders, look out for tutorials and videos on how to use MT4.

The content on this site encompasses general news, our analyses, opinions, and material from third-party sources, all designed for educational and research aims. It is not meant as direct advice or a prompt to undertake any specific action, including investments or purchases. Before making financial decisions, we urge you to conduct thorough research, exercise personal judgment, and consult with professionals. The content is not tailored to individual financial circumstances or needs. Information on this website might not be in real-time or entirely accurate, with prices potentially sourced from market participants rather than exchanges.

From our analysis, you can trade on 35 currency pairs, 150 shares, 10 indices, 3 energies, and 30 cryptocurrencies. With Octa Markets Incorporated, we analyzed the live spreads on its standard account and found them to be very competitive for currencies and better than the industry average. These platforms are tailored to fit the requirements of different types of traders. Exness trading platforms are an excellent option for traders seeking to trade Forex and other financial instruments. They have a user-friendly interface and advanced trading tools that ensure reliable execution. The broker offers a variety of trading platforms to suit the different trading needs and preferences of its clients.

Overall, we estimate the level of Exness commissions in the forex market as better than the market average. It surpasses the offers of the competitors, which have already been mentioned in the review. The broker doesn’t place any limitations on deposits but there are certain restrictions based on the bank deposit method, the account type, and your country. Therefore, you should take note of the available exness deposit methods in your country before choosing a deposit method. The Exness minimum deposit requirement varies based on the deposit option starting as low as $10 and going as high as $10000.