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Wanna see if Exness is a legit broker? Is Exness safe to trade? It spread is high or low? How to deposit or withdraw?

We provide answers to all the questions in this Exness Review.

We check Exness licenses and regulation status. Compared Exness’s fees like spread & commission from its live account to other 150 brokers. The time for deposit & withdrawal and many more findings you can get in this Review.

What is Exness

Exness is an international CFD and Forex broker, established in 2008 based in Cyprus and operating entities in the UK, offshore Seychelles and Recently opened South Africa branch.

The company is regulated by several financial authorities, including the top-tier UK’s FCA, FSCA in South Africa and CySEC Cyprus.

Exness Highlights

🗺️ Regulated inUK, Cyprus, Seychelles, South Africa
🛡️ Is Exness safe to tradeYes
💵 EUR/USD spread1 pips
🏦 DepositCards, Perfect Money, Web Money
💰 Minimum depositUS$0
🏦 WithdrawalCards, Perfect Money, Web Money
💻 Trading platformMT4, MT5
💳 Trading marketsForex and CFDs metals, cryptocurrencies, energies, indices, stocks
📈 Number of product200+
📉 Live chat responseRelevant answers

Regulation

License and regulation are the keys to fund security. We check two facts the broker’s background with its licenses, and how trader is protected if something goes wrong.

Is EXNESS legit

Exness is regulated and holding licenses of several financial authorities, including the top-tier UK Financial Conduct Authority (FCA) and Cyprus CySEC, also recently obtained FSCA license in South Africa.

Exness still has licenses from FCA and CySEC but no longer operate trading accounts and offer trading service through these branches.

For now Exness operates only through South Africa license and additional international offering based in offshore Seychelles.

EXNESS Licenses and Regulatory status

EntityRegistered inRegulatorLicense no.Status
Exness (UK) Ltd United KingdomFinancial Conduct Authority (FCA)730729Currently Regulated but do not offer services
Exness (Cy) LtdCyprusCyprus Securities and Exchange Commission (CySEC)178/12Currently Regulated but do not offer services
Vlerizo (Pty) Ltd South Africa Financial Sector Conduct Authority (FSCA)FSP 51024Currently Regulated
Nymstar LimitedSeychellesFinancial Sector Conduct Authority (FSCA)SD 025Registered
Exness Review - Register in CySEC
Exness Review – Register in CySEC

Is Exness safe

We consider EXNESS safe because it is regulated broker, but it is confusing.

Exness UK and Cyprus do not accept or operate clients any longer, the safe trading environment in now only available through newly opened subsidiary in South Africa.

Additional entity and international proposal in Seychelles we would recommend to avoid due to lack of serious regulations, also there are negative review from traders.

EXNESS Compensation Scheme

EntityCompensation AmountNegative Balance Protection
Exness (UK) Ltd £85,000Yes
Exness (Cy) Ltd€20,000Yes
Vlerizo (Pty) Ltd No compensationYes
Nymstar LimitedNo compensationYes

We recommend registering your account solely with regulated Exness entity, for now it is Exness South Africa and avoid offshore account opening

EXNESS applies negative balance protection for all retail trader accounts.

Markets and Products

EXNESS offers to trade Forex and CFDs, metals, cryptocurrencies, energies, indices, stocks.

Forex

Forex is a main trading offering of Exness, there is a wide range of available currency pairs including minors, majors and exotics.

MarketsInstruments
Forex107
ETFs11
Commodities12
Cryptocurrencies7
Shares70

Account types

Exness has two accounts one is Standard and Professional account with different price models and minimum requirements.

Login

You can login Exness from its international website, EU and UK sites Member Area are not available now not.

Exness Review - Accounts
Exness Review – Accounts

Fees and commissions

EXNESS fee levels we ranked as low for Forex and high for Stocks based on the instrument and compare to 150 brokers that we check through Live account spread.

Spread for popular instruments we collect for 6 markets and 150 brokers

MarketsInstrumentsLowAverageHigh
ForexEUR/USD0.1-0.91-1.51.6 or higher
IndicesUS 5000.1-0.40.5-1.41.5 or higher
CommoditiesGold0.1-0.40.5-22.1 or higher
StocksTesla0.1-0.50.6-11.1 or higher
ETFsUS Russell 20000.1-0.40.5-1.41.5 or higher
CryptocurrenciesBitcoin0.1-0.5%0.6-0.9%1% or higher

Spreads

Exness has two different pricing models, Standard account fees are all in spread and Professional account has raw spread from 0 pips plus commission from 3.5$ per side.

Comparing the spreads derived from Standard Live Account to industry benchmarks, we rank Exness Live Spread low and average for Forex and high for Stocks and Indices.

MarketsInstrumentsStandard Account SpreadOther brokers’ avg spread
ForexEUR/USD11-1.5
IndicesUS S&P50014.30.5-1.4
CommoditiesGold0.200.5-2
StocksTesla4.20.6-1
ETFsUS Russell20000.5-1.4
CryptocurrenciesBitcoin586.90.6-0.9%

Other Fees

EXNESS non-trading fees are low. There is no fee for deposits or withdrawals, however broker mentions it may charge inactivity fee.

Trading Conditions

Exness trading conditions are good all trading strategies scalping and hedging are allowed.

Trading ConditionsYes/No
Hedging AllowedYes
Scalping AllowedYes
Change Leverage AllowedNo

Hedging is allowed with o restrictions including exact opposite positions.  

Scalpers are welcomed, Expert Advisors (EAs) and free VPS for accounts over 500$ is available.

Leverage is on standard levels depending on the entity, South Africa now offers maximum 1:400 and international may go even to a higher levels.   

Deposit

EXNESS charges no deposit fees. You can use Credit or Debit cards, WebMoney and internal transfer.

The negative side is that the most safe method bank wire is now not supported.

Deposit MethodFunding TimeFee
Credit CardInstantFree
Perfect Money, WebMoneyInstantFree
Internal TransferInstantFree
Exness Review – Deposit and withdrawal – Deposit
Exness Review – Deposit and withdrawal – Deposit

Minimum Deposit

The Minimum deposit is not set for a Standard account, however each deposit method has its own minimum, for bank cards it is 3$ and 1$ for WebMoney.    

Withdrawal

Exness also adds no fees for withdrawals, however payment system fees, if any, are on your side.  

Exness promise to confirm and process withdrawal requests within 24h.  

Withdrawal MethodWithdrawal TimeFee
Credit Card3-5 business daysFree
Perfect Money, WebMoneyInstantFree

Bonus

We didn’t find any recent bonus offers or programs at Exness.

Trading Platform

Exness mainstays on popular industry MetaTrader offering both MT4 and MT5.

MT4

Exness MT4 supporting international languages and available in different versions across all devices including Windows and Mac, Mobile Apps for Android and iOS.

Exness Review –Platform
Exness Review –Platform

Research and Tools

Research at EXNESS is limited.

Research and tools mainly the one available on platforms like trading insights and copy trade, plus you can find Economic Calendar, Converters and Market News.  

Technical analysis, fundamental data from leading providers are missing.

Exness Research tools available on:

  • Exness Platforms
  • Tools & Services section on website
EXNESS Review – Research
EXNESS Review – Research

Education

Exness now offers very modest education content, the major and good quality education was offered through EU and UK entities through the run of Exness Academy, for now services are ceased.  

You can only now access trading tools, analysis and WebTV, actual courses, webinars, videos are missing.

At EXNESS you can learn:

  • Demo account
  • WebTV
  • Exness Analysis and tools

Demo

Demo Account is available for both platforms MT4 and MT5.

EXNESS Review – WebTV
EXNESS Review – WebTV

Customer Service

EXNESS customer supported is good.

You can find many answers on Hel Center FAQ section, customer service agents are multilingual and available 24/7 in English and Chinese, other languages mostly 24/5.

EXNESS Customer Support supports various languages via:

  • Live chat
  • Phone lines and Call back
  • Email
Exness Review – Customer Service
Exness Review – Customer Service

Exness Live chat response is quick speed, the chat agents are helpful

Question AskedWe ask about instruments.
Time of ReplyWe connect to Live Chat after some waiting time and responses were fast
Quality of ReplyThe answer was informative.

Conclusion

Exness considered a safe broker because it is regulated broker.

The company operates for many years, but now there are some changes on its two main entities in the UK and Cyprus, they no longer accept clients.

So the only safe way to trade with Exness is to sign with its newly regulated South Africa branch and better avid Exness subsidiary in Seychelles that does not have strict regulations.

We recommend Exness for traders who prefer MT4 platform or copy trading. Also, signing solely with the South Africa regulated entity and make your own research as we found negative reviews from traders.

Author of this review

By Jimmy O'Brien

Author of this review

I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets.
I am passionate about observing foreign exchange movements, sharing educational insights into the financial markets, and adding value wherever I can.

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