Exness 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

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
• Email

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.