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 in | UK, Cyprus, Seychelles, South Africa |
| 🛡️ Is Exness safe to trade | Yes |
| 💵 EUR/USD spread | 1 pips |
| 🏦 Deposit | Cards, Perfect Money, Web Money |
| 💰 Minimum deposit | US$0 |
| 🏦 Withdrawal | Cards, Perfect Money, Web Money |
| 💻 Trading platform | MT4, MT5 |
| 💳 Trading markets | Forex and CFDs metals, cryptocurrencies, energies, indices, stocks |
| 📈 Number of product | 200+ |
| 📉 Live chat response | Relevant 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
| Entity | Registered in | Regulator | License no. | Status |
| Exness (UK) Ltd | United Kingdom | Financial Conduct Authority (FCA) | 730729 | Currently Regulated but do not offer services |
| Exness (Cy) Ltd | Cyprus | Cyprus Securities and Exchange Commission (CySEC) | 178/12 | Currently Regulated but do not offer services |
| Vlerizo (Pty) Ltd | South Africa | Financial Sector Conduct Authority (FSCA) | FSP 51024 | Currently Regulated |
| Nymstar Limited | Seychelles | Financial Sector Conduct Authority (FSCA) | SD 025 | Registered |
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
| Entity | Compensation Amount | Negative Balance Protection |
| Exness (UK) Ltd | £85,000 | Yes |
| Exness (Cy) Ltd | €20,000 | Yes |
| Vlerizo (Pty) Ltd | No compensation | Yes |
| Nymstar Limited | No compensation | Yes |
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.
| Markets | Instruments |
| Forex | 107 |
| ETFs | 11 |
| Commodities | 12 |
| Cryptocurrencies | 7 |
| Shares | 70 |
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.
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
| Markets | Instruments | Low | Average | High |
| Forex | EUR/USD | 0.1-0.9 | 1-1.5 | 1.6 or higher |
| Indices | US 500 | 0.1-0.4 | 0.5-1.4 | 1.5 or higher |
| Commodities | Gold | 0.1-0.4 | 0.5-2 | 2.1 or higher |
| Stocks | Tesla | 0.1-0.5 | 0.6-1 | 1.1 or higher |
| ETFs | US Russell 2000 | 0.1-0.4 | 0.5-1.4 | 1.5 or higher |
| Cryptocurrencies | Bitcoin | 0.1-0.5% | 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.
| Markets | Instruments | Standard Account Spread | Other brokers’ avg spread |
| Forex | EUR/USD | 1 | 1-1.5 |
| Indices | US S&P500 | 14.3 | 0.5-1.4 |
| Commodities | Gold | 0.20 | 0.5-2 |
| Stocks | Tesla | 4.2 | 0.6-1 |
| ETFs | US Russell2000 | – | 0.5-1.4 |
| Cryptocurrencies | Bitcoin | 586.9 | 0.6-0.9% |
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 Conditions | Yes/No |
| Hedging Allowed | Yes |
| Scalping Allowed | Yes |
| Change Leverage Allowed | No |
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 Method | Funding Time | Fee |
| Credit Card | Instant | Free |
| Perfect Money, WebMoney | Instant | Free |
| Internal Transfer | Instant | Free |
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 Method | Withdrawal Time | Fee |
| Credit Card | 3-5 business days | Free |
| Perfect Money, WebMoney | Instant | Free |
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.
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
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.
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
Exness Live chat response is quick speed, the chat agents are helpful
| Question Asked | We ask about instruments. |
| Time of Reply | We connect to Live Chat after some waiting time and responses were fast |
| Quality of Reply | The 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.
FAQ & More on Exness
Is Exness regulated in South Africa?
Yes, Exness is regulated in South Africa by Financial Sector Conduct Authority (FSCA). The legal entity is Vlerizo (Pty) Ltd and FSP license number is 51024. See the regulation info below
Author of this review
By Jimmy O'Brien
Author of this review
Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.
Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.