Exness Broker Review: Pros, Cons and Overall Rating

Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

Our Take on Exness

Based in Limassol, Cyprus, Exness is a multi-asset broker with a compelling offering. Since its launch in 2008, it has become a leading player in the market with a significant global presence.

The broker’s clients can trade CFDs on currencies, indices, commodities, shares, and cryptocurrencies through MetaTrader 4 and MetaTrader 5, as well as the proprietary Exness Terminal platform and Exness Trade App.

Exness goes bigger and better than competitors in several key areas. I encountered the largest range of tradable currency pairs of any broker I have tested. It also minimizes account-related fees and provides raw spreads through its professional account types.

Additionally, Exness goes the extra mile with features like third-party research from Trading Central and free VPS hosting.

Exness Pros and Cons

Exness Highlights of 2024

• Multiple Regulatory Licenses: Exness is regulated by several top-tier financial authorities, ensuring robust safety and compliance standards in those regions. Offshore entities have light regulatory oversight.
• Diverse Instrument Selection: Traders can access an above-average range of instruments, including over 90 forex pairs and 10 cryptocurrencies.
• Mixed Spreads: Exness’ Standard account spreads vary, with some being quite tight and others less so. Tighter spreads are available through Professional account types.
• Advanced Trading Platforms: The broker offers the proprietary Exness Terminal platform as well as MT4 and MT5, which can cater to algo traders.
• Extensive Tools: Exness offers a robust range of tools, including Trading Central WebTV, VPS hosting, and an archive of historical tick data.
• Social Trading: The Social Trading platform allows clients to browse and choose other traders to copy. You can also boost your income by sharing your trading strategies.

Who is Exness For?

With a range of account types, platforms, and features such as 1-click trading, Exness is well-suited for scalpers, day traders, and algo traders.

Free VPS hosting allows traders to execute automated trading strategies without being affected by their personal desktop or internet connectivity limitations.

Additionally, social trading introduces an extra layer of engagement, allowing Exness clients to invest in the strategies of other traders or earn money by sharing their own.

Exness is a versatile broker designed to serve both new and experienced traders. Beginners can benefit from the Cent account, which offers access to the user-friendly Trading Terminal platform, allowing them to limit their risk in the live market.

Advanced traders have access to the MetaTrader platform, sophisticated trading tools, and the opportunity to utilize extremely high leverage through the offshore entity regulated by FSA Seychelles.

What Sets Exness Apart?

Exness has made efforts to maintain affordable costs for its clients. It distinguishes itself by not imposing deposit or withdrawal fees (some payment providers may charge their own fees), and swap fees are also waived in most cases. Transparent price history, including tick-level data for all instruments, is readily available.

Another unique feature is the unusually broad selection of instruments in certain categories like forex and crypto. The proprietary Exness Terminal platform merges user-friendliness with advanced features, including analysis from Trading Central and price alerts, enhancing the trading experience.