Exness Forex Review
Exness Forex is a global brokerage firm that facilitates financial service and investment solutions. It is well-regulated, offers a comfortable trading environment, and has no hidden commissions. Now, after being more than 12 years on the market, the platform enables thousands of users to build their trading careers. In our quick review, we’ll be looking at key points and considerations about this FX broker. After reading this article, you will hopefully be able to decide whether this website is for you.
Pros and Cons
What is different about Exness, considering there is such high competition? Here are a few items that set this platform apart:
| Pros | Cons |
|---|---|
| + Leading terminals suitable for both beginners and advanced traders + No deposit and withdrawal fees + Generous leverage + Excellent Forex Exness calculator + Very descriptive articles in the Help Center section Four different types of communication channels + Anti-scamming programs activities for users’ safety | - Long (yet secure) profile verification process (proof of identity, proof of residence) - Not enough differences (benefits) between account types |
Key Features
Below is a quick recap of notable features and functionalities that Exness users can enjoy:
- Exness Forex download and MT4 4 Multiterminal for operating several accounts
- Account monitoring
- Instant Execution and Market Execution order types
- Free VPS hosting
- Simple Exness Forex login and registration
- Trading Central Web TV (gateway to technical analytics)
- Economic news service from leading providers
- Technical Analysis indicator by analytical agency Trading Central
- Mobile trading platform
| Trading Instruments | Forex, gold, silver, platinum, palladium, cryptocurrencies, energies, stocks, and indices |
|---|---|
| Spreads | 0.0-0.3 pips |
| Leverage | MT4: Unlimited MT5: 1:2000 |
| Trading Platforms | MT4, MT5, Exness Terminal |
| Base Account Currencies | USC, EUC, GBC, CHC, AUC, among many others |
| Regulation | - Cyprus Securities and Exchange Commission (CySEC) with license number 178/12 - Financial Conduct Authority (FCA) with license number 730729 |
| Demo Account | Yes (but not for all account types) |
| Islamic Account | Yes, Exness Islamic account is available. |
| Allowed Countries | Canada, Australia, the United Kingdom, France, Germany, Italy, Spain, Norway, Ireland, among many others |
Account Types
The Exness Forex broker offers five account types. Those are divided into two categories: Standard and Pro. See down below how they differ and choose whatever suits you the most.
| Standard | Standard Cent | Pro | Zero | Raw Spread | |
|---|---|---|---|---|---|
| Min. deposits | $1 | $1 | $200 | $200 | $200 |
| Leverage (MT4, MT5) | No restriction, 1:2,000 | No restriction | No restriction, 1:2,000 | No restriction, 1:2,000 | No restriction, 1:2,000 |
| Fees | Zero | Zero | Zero | Depends on an instrument | Depends on an instrument |
| Spreads (pips) | 0.3 | 0.3 | 0.1 | Zero | Zero, floating |
| Demo account | Yes | No | Yes | Yes | Yes |
| Min. position size (lots) | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Max. position size (lots) | 200 or 20 (depends on the time of day) | 200 | 200 or 20 (depends on the time of day) | 200 or 20 (depends on the time of day) | 200 or 20 (depends on the time of day) |
Deposit and Withdrawal Options
Before you start Exness Forex trading, it makes sense to analyze the payment aspect. Luckily, the service tried to cover the most common payment methods. Although the list isn’t very long, it’s often more than enough to send your money or withdraw it.
Note: Before you make any deposits, make sure your account is fully verified, there are no mistakes in your account number, you meet the minimum deposit requirements, and you have double-checked the conditions of your chosen electronic payment system.
Note: Withdrawals need to be carried out through the same payment methods as you used for deposits. Before withdrawing, refer back to the table to verify you’re within the allowed limit.
Bonuses and Promotions
To welcome new members of the platform, Exness has prepared a welcome bonus. For all new users, there is a 10% bonus that is calculated on the deposit and trading volume. To access the bonus, you need to open a Classic account, make a deposit and request it. To activate the bonus, you need to start trading. Keep in mind two things. The bonus is for trading purposes only, meaning you can’t withdraw it. The other consideration is that the bonus can be changed or terminated at any time without previous notice. So, make sure to look up relevant information on the official website.
Best Payment Solutions for Exness Users
You already know you have several options for payments. What we want to focus on is the best options for retail traders. Most people are already familiar with credit card payments and use them as defaults. However, it doesn’t take long to see that e-wallets offer better terms and more convenience. If you take the criterion of processing time, for example, one of the tables above shows that online banking can have delays for hours. E-wallets, on the other hand, save your time by processing deposits and withdrawals in just a few moments.
To extend the benefits further, you can open EPS accounts with Baxity. This will grant you preferential treatments, accelerated verification, lower requirements for VIP statuses. Use our links for Skrill and Neteller registration to gain access to the best terms. Additionally, we’d like to highlight the payment solution that’s worth special attention – Trastra. This card solution is a form of VISA debit card – meaning, it will be accepted almost everywhere online, Exness included. But unlike traditional banks, it offers an added benefit of anonymity, making it perfect for traders.
If you don’t find a special icon during the Exness deposit/withdrawal, don’t worry. Just type in your unique IBAN number instead of your usual card. And remember that by signing up for Trastra with Baxity, you can comfortably enjoy a few extra perks.
FAQ
What Is the Minimum Deposit/Withdrawal on Exness?
Minimum deposit and withdrawal amounts depend on the account type and payment method. With Standard account types, they start from $1. However, you need to look through our detailed table on each payment method (banking and electronic payment solutions).
In Which Currency Can I make a Deposit?
You can make deposits in any currency supported by the platform and your particular account type. If you have a particular currency in mind, check with the table on account currencies. Keep in mind that if your account currency and deposit currency differ, the funds sent may be subject to conversion fees.
How Do I Contact Exness Customer Support?
Here are the official means of communication:
- Phone
- Email ([email protected])
- MetaTrader internal mailing systems
The website features a live support icon in the lower right corner of the screen. You can click and have a chat at any time. But before contacting, make sure to browse the Help Center articles since they have many topics and issues covered.
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Jordan Tremblay
In your article, for the allowed countries there is Canada but going to the link you have here https://get.exness.help/hc/en-us/articles/360014332099-Are-there-any-countries-Exness-does-not-accept-clients-from-&sa=D&ust=1610716522557000&usg=AOvVaw1T6tjJ33nQPfuj6fFw6QMp it says: "Additionally, Nymstar Limited does not accept clients who are residents** of: North America: Canada" so I don't understand. If I reside in Canada then I'm not accepted?
Kate Baxity
Jordan, thank you for your question! At the time of writing and release of our article (2 months ago), Canada was still on the list of served countries. As you can see, the information in the Exness article was updated a month ago, apparently then Canada was added to the list of unavailable for work. Thanks for your comment, we will definitely update the information in our article.
Shourav
if I dont makes a classic account then I dont gets a bonus?
Kate Baxity
Shourav, thank you for your question! To receive a bonus, you need to create an account, fund it and request for a bonus. In any case, you first need to verify your account in order to gain access to trading. If you do not go through full account verification within 30 days from the date of the first deposit to the account, all functionality will become unavailable to you until you fully verify the account.
Marcin
"If you don’t find a special icon during the Exness deposit/withdrawal, don’t worry." Where should this special icon be present? What does it look like?
Kate Baxity
Marcin, thank you for your question! Here you can find detailed instructions concerning deposits and withdrawals in Exness: https://get.exness.help/hc/en-us/articles/360019701959-Everything-to-know-about-withdrawals There is no special icon including Trastra logo, but you just need to choose VISA card option to make a transfer.
Marcin
I found some terms there I don’t understand clearly… If I top-up Exness with my bank card and with Bitcoin can I withdraw then all money only to Bitcoin? Or I need to withdraw both on Bitcoin and card?
Kate Baxity
Marcin, thank you for your question! If you used several methods for depositing money to your Exness account, you are allowed to withdraw your funds in the same proportion as the deposits were made. Let me give you a specific example to make it clearer: Your total deposit to account was 1 000 EUR, 200 EUR with your bank card, and 800 EUR with your Bitcoin wallet. Accordingly, you can withdraw 20% of the amount to a bank card, 80% to the Bitcoin wallet. If you earned 300 EUR, then together with the profit, you can withdraw 260 EUR to a bank card, and 1040 EUR to a Bitcoin wallet. I hope now it became clearer for you :)
Yash Marocco
you mention their are benefits to opening a EPS account with Baxity share more details pls?
Anastasia Baxity
Writing EPS we meant Electronic payment systems. So If you create Skrill or Neteller account via Baxity special links, you will get some bonuses available only for Baxity clients: fast verification within 24 hours, VIP levels (that give you increased account limits and reduced fees) and professional support. Here are our links for registration: Skrill https://www.skrill.com/en/?btag=a_79336b_3896c_&program=SKRILL NETELLER https://www.neteller.com/en?btag=a_79337b_2560c_&program=NTAFFILIATE
))))))Mateusz
Exness Forex is a good brokerage firm with a relatively long history behind them. While the profile verification process is indeed quite long, it is very secure and I like that.