Exness Review 2022 - A Legit Forex Broker or Scam?

The Exness Group is a well-established brokerage that provides online forex and commodity trading. Clients can tailor financial services and investment solutions to their specific needs through an international broker. Our Exness forex broker review for 2022 will go over account registration and sign-in, login security, minimum deposit requirements, payment methods, including offline bank transfer, and other topics.

Is Exness a Regulated Forex Broker？

Exness is regulated by the most stringent regulatory bodies, according to our Exness reviews, including the UK's Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). Exness is a securities dealer regulated by the Seychelles Financial Services Authority (FSA) and the most recent with FSCA (South Africa). It has managed to infiltrate various territories to assist customers in transacting across the EU region. The FSCA is a South African regulatory body.

Account Types of Exness

According to the Exness review, it has a wide range of account types to choose from. These accounts are diverse and are intended for anyone interested in trading.

The accounts are primarily divided into two major types, each with its own set of rules regarding margin calls, commission, and leverage, to name a few.

The types of accounts in Exness are as follows:

• Standard Cent Exness

• Exness Criteria

• Exness Pro

• Account Exness Zero

Standard Account Cent

The Standard Cent Account is the best option for beginners because it simulates trading. Whether it's price volatility, spread, or slippage, the trader will have a good understanding of what Forex risk is with this account.

• As previously stated, this account is appropriate for new traders because it requires only a one-time deposit of one dollar to open. It aids in gaining hands-on experience in Forex trading.

• In comparison to other trading brokers, the lowest fee charged by the broker is regarded as the best.

• The very high leverage provided by this account ensures that the trader's position is held for a longer period of time with a low margin.

Exness Standard

Exness Standard is a great account for everyone. This group includes both new and experienced traders. Approximately 80% of Exness traders open this type of account.

• A one-time $1 deposit.

• A minimum trading volume of $0.01 is required.

• The spread is very small, with major currency pairs having a spread of less than one pip.

• Standard accounts, like Standard Cent and Pro accounts, are commission-free.

• A Standard account provides a wealth of trading experience, including risk management.

Exness Account Pro

Exness Pro Account, according to reviews, is the best option for trading specialists and professionals who are serious about the Forex Market. The adaptability and reasonable nature of the website, as well as its user-friendly interface, make it a welcoming place for traders.

Investors can execute millions of trades without incurring commissions. The Exness Pro Account has a very low spread when compared to other Forex Trading Brokers UK, and any seasoned trader would prefer to invest in forex brokers with lower spreads. This account is in high demand, with payouts as low as 0.1 pips.

• The ability to trade with 120 different currency pairings, as well as the account type's infinite leverage and near-zero margin, are additional advantages.

• A diverse set of instruments.

• Trade gold, silver, Bitcoin, Litecoin, and a variety of other assets.

• There are no commission fees when trading cryptocurrencies.

Exness Zero

Exness Zero is an account on the Electronic Communication Network (ECN). This account enables traders to trade with experts, professionals, and investors. It is a zero-type account, which benefits many people in the investing business.

• The Exness Zero spread is incredibly low, nearly zero, for currency pairs such as EUR/USD, USD/JPY, and CAD/USD. Zero spread is, without a doubt, the ideal and appealing condition for brokers to attract traders. EUR/USD is a popular trading pair. The EUR/USD trading pair is supported by the vast majority of cryptocurrency exchanges. Exness also supports the EUR/USD trading pair.

• Exness currently provides four different liquidity options. As a result, customers who have a Zero account receive better, more consistent ECN quotations from Exness. If one chooses other forex brokers in Australia, they may encounter quote issues. Exness' deposit methods are straightforward. Unlike other brokers that require traders to deposit thousands of dollars to begin trading, Exness only requires a $300 deposit to get started.

• Exness's deposit methods are straightforward. Unlike other brokers that require traders to deposit thousands of dollars to begin trading, Exness only requires a $300 deposit to get started. This benefit is appealing to traders with limited capital. They don't need to invest much money to trade, and they can do so with a Zero account.

Exness Raw Spread Account

Exness Raw Spread is a brand-new account type that debuted in late 2019. This account is similar to Exness Zero in many ways, but the spread is not as low. Raw Spread's account information is as follows:

• A deposit of at least $200 is required.

• The maximum leverage on the MT5 platform is 1: 2000, but it is unlimited on the MT4 platform.

• The lottery commission is $7.

• The spread begins at 0.1 pip.

Exness Comparison from other Brokers

Exness Products that you can Trade

Exness provides clients with the option of trading spots and CFDs on more than 120 instruments in the markets listed below.

• Forex – There are over 100 currency pairs available, including majors, minors, and exotics.

• Commodities – These include metals like XAU/USD, energy, and agriculture.

Exness does not provide indices or cryptocurrency trading. Bitcoin (BTC) and Ripple (XRP) are two examples (XRP).

ExnessTrading Instruments Compared to other Brokers

What are the Fees and Commission of Exness？

Exness spreads are generally tight and vary depending on the account type selected. Spreads on Standard Cent Accounts start at 0.3 pips and 0.1 pips on Standard Accounts, with no commissions on all trading volumes.

The Pro ECN Account has a raw spread with variable commissions per trade.

The Exness Zero (0) Spread Account has no spreads across 30 currency pairs for 95 percent of the trading day. However, our investigation revealed that commission is applicable, with fees starting at $3.50 per lot/side.

Popular metals, including gold, are available as currency pairs such as XAU/USD. On the broker's website, there is a useful spread comparison table.

The broker also charges swap rates for overnight positions and an inactivity fee, details of which can be found on the company website.

Leverage

Due to regulatory requirements, the leverage available to Exness clients varies by account type, instrument, and a trading entity. Some regulators permit high margin rates of up to 1:2000, and leverage can be unlimited in some jurisdictions, allowing for all trading strategies.

To protect against significant losses when trading with high leverage, we recommend using risk management strategies. Retail traders will be subject to leverage capping because the FCA, CySEC, and other Europ

Payment Methods

Deposits

Minimum deposits differ depending on account type and payment method. Exness traders can open a Standard Account for as little as $1, which is very competitive when compared to OctaFX's $25 minimum and IC Markets' $200 minimum. Exness does not charge any fees for payment methods; however, third-party fees may apply. Before you can add money to your account, you must first verify it.

Funding your account is simple and can be done by logging in to your personal trading area. For live trading accounts, 50+ base currencies are available, including USD, AUD, ZAR, and KWD. Account payment methods accepted include:

• WebMoney – Instant processing with a $1 minimum deposit

• Perfect Money – Instant funding with a $50 minimum deposit

• Bank Wire Transfer – Instant funding with a $3 minimum deposit

• Offline Bank Transfer – Instant funding, with a minimum deposit of $10.

• Debit and credit cards, such as Mastercard and Visa. Funding is available immediately, with a minimum deposit of $3.

• E-Wallets, such as Neteller and Skill (1 percent fee). Processing is instant, and the minimum deposit is $10.

Depending on your country of residence, not all payment methods will be available. It is important to note that once an account has been opened, the base currency cannot be changed; however, a new account in a different currency can be opened.

Promotions

Exness is currently offering +10% of your initial deposit as a welcome bonus to all new clients who register for a live account. There was no referral program, new partner scheme, or no deposit bonus. Keep an eye out for special reward schemes as part of the Premier Program. This Pro incentive is designed for high-volume traders and includes exclusive benefits that vary depending on the type of investment. Before making a deposit, always check the bonus terms and conditions by jurisdiction. Due to FCA guidelines that limit the use of financial incentives, Exness UK (Ltd) does not offer any new client sign up deals or revenue promotions

Withdrawals

Withdrawals are free of charge at Exness. The minimum and maximum limits vary depending on the method used, with a $6 minimum for debit/credit card withdrawals. Clients will appreciate the fact that transactions back to their original payment method are immediate. Competitor brokers typically offer a 5-day wait, often with applicable fees. Visit the online help center on the broker's website or call the customer support helpline for more information on how to deposit, any withdrawal issues, or understanding an exchange rate to a base currency.

Additional Features

Exness also provides comprehensive education and additional training tools for global traders of all levels of experience and ability. To join the Exness Academy, simply login to your personal area. YouTube video content, VPS hosting, a profit/margin calculator, an economic calendar, live streaming news, and market history are among the tools available. There is also technical research and fundamental analysis available.

Major indices weekly outlooks for the S& P 500, NASDAQ 100 (NAS100), and US30 are covered, as well as trading ideas, the minimum lot size for trading, understanding Exness account off-price quotes, social trading, and more. Social media and websites like Quora, Facebook, and LinkedIn can provide useful peer-to-peer broker reviews as well as additional guidance.

Pros

• Demo account

• Spreads start at 0 pips.

• Various payment methods are available.

• A $1 minimum deposit is required.

• In some jurisdictions, a sign-up bonus is available.

• No-fee automated instant withdrawals

• Exness Academy provides comprehensive education.

• MetaTrader 4 and 5 trading terminals are widely used in the industry.

• FCA, FSCA, and CySEC global regulation licenses are among those held.

Cons

• Trading instruments are limited.

• There is no cryptocurrency trading.

• Restrictions imposed by countries, including the United States

• Nymstar Limited is the sole provider of retail services (part of Exness Group)

Trading Times

Exness adheres to standard business hours and operates in the GMT time zone of the United Kingdom. Monday through Friday, trading is available 24 hours a day. Forex pairs typically open for trading on Sunday at 21:00 and close on Friday at 22:00. Trading hours may vary depending on the dates of local public holidays. Keep an eye on the broker's web site's news section for a complete list of previous and upcoming closings. Timings vary depending on the instrument; all details can be found on the broker's website.

Customer Support

Exness offers 24/7 customer support, available in 18+ languages including English, Chinese and Thai:

• Email Address – support@exness.uk

• Helpline Telephone Number – 0800 014 8528

• Headquarters Address – 1, Saifi Street, Porto Bello Business Centre, Office 301, 3042, Limassol, Cyprus

There is currently no live chat option.

Conclusion

Exness offers opportunities for traders of varying skill levels on the well-known MT4 and MT5 platforms. All countries have regulations, including the industry-recognized FCA and CySEC authorities. Traders can be confident that these affiliates are adhering to the highest standards of compliance. Account types, minimum deposit requirements, and the availability of a fantastic education center all contribute to a competitive service and high-quality trading experience.

Alternatives to Exness

FXChoice

Thousands of traders from all over the world have already benefited from our unbeatable trading conditions and rock-solid service. Join us today and enjoy tight spreads as low as 0.1 pip, a minimum trade size of 0.01 lot, CFDs in Forex, Cryptos, Indices, and Spot Metals, no conflict of interest due to NDD technology, rapid market execution, competent and friendly client support 24 hours a day, and price increases on all order types. Our services can be tailored to clients who prefer automated trading systems like Expert Advisors (EAs).

LiteForex

Forex is an international currency market that allows you to profit from fluctuations in exchange rates, but it is not suitable for all investors. Please familiarize yourself with the fundamental concepts and begin trading on a demo account. Learning materials and Forex strategies are updated on a regular basis and carefully selected by professional traders. Forex exchange rate fluctuations occur continuously, and quotes change every second, allowing traders to conduct a large number of speculative transactions in a short period of time.

JustForex

As an international broker with clients from all over the world, we understand that each individual, whether a trader or a partner, is unique and has his or her own set of values. When our team develops the company's services, we consider the diversity of cultures, nations, trading experience, and client demands. JustForex provides a variety of trading account types with a wide range of trading instruments, allowing everyone to find the best one for their needs.

IC Markets

IC Markets' mission is to provide the best trading experience for both retail and institutional clients, allowing traders to concentrate on their trading. IC Markets was founded by traders for traders with the goal of offering superior spreads, execution, and service. Raw Spreads are the game-changing solution you've been looking for. Trade with spreads as low as 0.0 pips, no requotes, the best available prices, and no limitations. IC Markets is the preferred provider for high-volume traders, scalpers, and robots. For automated traders, IC Markets is a popular choice. Our order matching engine, which is housed in New York's Equinix NY4 data center, processes over 500,000 trades per day, with automated trading systems accounting for more than two-thirds of all trades.

OctaFX

Over four million traders have had a decade of success, awards, and consistent access to global financial markets. Create trading accounts, change leverage, enable swap-free options, and change or restore passwords. Use the most popular payment methods to make deposits and withdrawals. View your detailed overall or account operation history, apply filters, and cancel your previous deposit. Begin trading in a trading platform app that is compatible. Access your contest accounts and view contest statistics. Bonuses can be activated and statistics on active and completed bonuses can be viewed. OctaFX Forex Broker ensures dependable Forex trading conditions so that traders of all skill levels can earn more.

HotForex

With our extensive library of free trading tools, you can effectively plan your trades. Complete adaptability for traders with varying risk tolerances and trading volumes. All of the best trading opportunities to diversify your portfolio. On any device, powerful platforms suit all trading styles and needs. Our priceless educational resources serve as the ultimate trading guide. These quick, simple, and secure methods will allow you to fund your account for free. The HF app puts financial markets and your HotForex account in the palm of your hand; use it to help you understand the markets by providing trading tools as well as the latest news, updates, and financial analysis.

FxPro

At FxPro, we take pride in providing fully transparent quality execution as well as some of the best trading conditions in the industry. We provide high-quality access to financial markets through our advanced execution model, which we have developed over the course of 15 years of excellence and innovation. Explore the world of online trading with CFDs on 400+ instruments across six asset classes. With competitive trading conditions, trade 70 major, minor, and exotic currency pairs. Metal commodities such as gold, silver, and platinum are traded. Trade CFDs on major and minor indexes from around the world. CFD futures contracts on a variety of global indices, agricultural commodities, and energies are available.

FXTM

FXTM is a dynamic, award-winning forex broker that provides outstanding online trading services and products to institutional and retail clients worldwide. Segregated accounts at top-tier banks, secure deposits and withdrawals, competitive leverage, tight spreads starting at 0.1 pips, the ability to trade 250+ instruments, a variety of optimized account types and platforms, exciting forex contests, and trade-enhancing forex bonuses are all available to clients. Furthermore, FXTM emphasizes the importance of forex education and provides traders with the opportunity to improve their skills through online forex courses, local seminars, and online free webinars.

OlympTrade

Since 2014, the Olymp Trade company has been one of the leading online brokers. Our developers, financial experts, personal and support managers work hard year after year to make your trading more comfortable and profitable. Olymp Trade is trusted by traders from all over the world. The platform interface is available in 19 different languages. Olymp Trade is a Financial Commission (FinaCom) category A member, confirming the company's dependability and high service quality. The Verify My Trade independent examination certifies the platform's trade execution quality. Olymp Trade has been recognized by the international professional trading community on numerous occasions.

Binomo

Begin trading with small sums of money. A trade has a very low minimum cost. While you're still learning how to trade, you won't lose a lot of money. There are no limitations on the platform in terms of the number of trades that can be completed at the same time. You can open multiple positions at once and continue trading. Some quote sources are only available on business days. We combined several options for your convenience: trade even on weekends, selecting the best assets. Learn about CFDs (contracts for differences), which allow you to trade using a variety of instruments and gain relevant experience in global markets.

Frequently Asked Questions

Is Exness a Reliable Broker？

Exness is a reputable broker that offers global investment opportunities to traders of all skill levels. Regulation is present in all operating jurisdictions, providing traders with the added sense of security required when investing capital.

Exness Provides Which Account Types？

Exness provides a variety of account options to accommodate all trading strategies and experience levels. The Standard Cent Account, ECN Account, and Zero Spread Account are among them. All have advantages and disadvantages, so consider your trading requirements before opening a live account.

Exness Provides Which Trading Platforms？

Exness has two trading platforms available: MetaTrader 4 (MT4) and MetaTrader 5 (MT5) (MT5). Both terminals have advanced trading tools and features, such as EA access and customizable dashboards.

In which countries can I open a retail trading account with Exness？

Exness Global Limited Group is a global organization with affiliates that provide accounts in different jurisdictions. Residents of the United States are not eligible for the broker's services. Malaysia, Zimbabwe, Zambia, Kuwait, Korea, Kenya, Japan, Uganda, Vietnam, Thailand, Nigeria, Pakistan, Indonesia, and other countries are among those where you can open a live trading account. Keep an eye out for changes to services in the latest broker news.

Is Exness a Reliable Forex Broker？

To complete transactions, Exness provides 100+ tradable currency pairs with competitive spreads, a transparent fee structure, and industry-recognized trading platforms.

Minimum deposits start at £1, which is ideal for getting started in forex trading.