Exness Review - Is it a Good and Safe Broker for Beginners?

Is Exness safe?

Yes, Exness is a safe online trading broker due to its strong international regulation, instant withdrawal option, huge amount of positive user reviews, global presence and recognition. As a result, we gave it a very high, 9/10 Trust Score (click here to learn more on how we score online trading brokers). 

Safety is the most important aspect of our broker reviews, so let's evaluate each point in detail.

1. Strong international regulation

Exness is regulated by top-tier financial authorities, including CySEC (Cyprus), FCA (UK), FSA (Seychelles), FSCA (South Africa), CBCS (Curaçao), FSC (BVI and Mauritius), and CMA (Kenya). These authorities require Exness to operate transparently, regularly disclosing its financial status and business practices, segregate client funds from its operating capital,  implement a negative balance protection for traders and participate in compensation schemes like the CySEC Investor Compensation Fund.

Exness is regularly audited by third-party auditors like Deloitte to ensure that the broker remains fully compliant to the regulatory frameworks.

Exness is also a member of the International Financial Commission (IFC) since 22nd July 2021, which provides an additional layer of security for traders. The IFC acts as a neutral third party to resolve disputes between brokers and their clients and offers a compensation fund of up to €20,000 per client.

2. Instant withdrawal option

Exness offers an instant withdrawal option (with $0 minimum withdrawal required) that processes your request automatically, within seconds. Instant withdrawals are available for all account types and most payment methods, including e-wallets like Skrill and Neteller, with. According to Exness, 95% of withdrawals are executed within 1 minute, and you can request withdrawals 24/7 without paying fees.

Instant withdrawals give you peace of mind, knowing you can release your funds anytime without unnecessary delays, which you would often experience with scam brokers.

Learn more about the instant withdrawal option

3. Global presence and recognition

Exness has a strong global presence with over 800.000 active traders from 180 countries in Europe, Asia, Africa, and Latin America. Exness also have offices in Cyprus (headquarters), U.K., Curaçao, South Africa, British Virgin Islands, Seychelles and Kenya which is a strong trust signal.

Exness awards and media mentions

Exness has garnered multiple awards, including two at the Forex Traders Summit Dubai 2023, Double Honors at FMAS 2024, a Brokersview 2024 Award, and a UF Awards LATAM 2024.

These achievements emphasize the commitment of Exness to providing superior trading experience to its clients, especially winning awards in areas where most of its clients are from. These awards reflect Exness' consistent efforts to innovate and maintain its reputation as a trustworthy and reliable global broker.

Well-known partners and significant CSR activity

Exness has well-known official partners and a significant corporate social responsibility (CSR) activity to maintain a healthy relationship with its clients and the community. 

Exness is an official partner of Spanish La Liga from 2023 to 2025. They also sponsor the Cyprus Wakesurf Championship and Forex Expo Dubai 2023 and the Exness Affiliate program has 119.000 affiliates worldwide.

Exness Corporate Social Responsibility, launched in 2020, focuses on education, the environment, and drone development. This program has donated €1.1M to COVID-19 relief efforts, 350 classroom boards to schools in Seychelles, scholarships to 53 students, and more.

4. Positive user reviews

Exness has excellent user reviews which mostly praise their quick order execution, low fees and minimum deposits, easy learning curve, and straightforward money deposits and withdrawals.

Here are Exness’ ratings across widespread scam detection and investing-related platforms:

• 4.8/5 Trustscore on Trustpilot (86% rated it as 5 stars)
• 4.9/5 on Investing.com
• 9.57/10 TU Overall score on Traders Union
• 4.6/5 Overall rating on FX Empire

Here is an actual review from Alibek Ergesh (Әлібек Ергеш), an experienced trader and verified user  on Trustpilot:

“I have been working with Exness for 5 years, all these years I have been trading on ZERO accounts and using the robot on a cent account. Order execution is instant, which is great. And I love the input and output methods, there are so many options. USDT withdrawal will always be instant.”

Products and Assets

Exness offers a diverse range of CFDs (Contracts for Difference) on various financial assets including forex, commodities, stocks, indices, and cryptocurrency.

Forex CFD

You can trade major pairs like EUR/USD, GBP/USD, minor pairs like EUR/GBP, and exotic pairs like USD/TRY with a leverage up to 1:2000 for retail clients, depending on the account type and regulatory jurisdiction.

The Stop Out protection of the platform shields your positions against temporary market volatility and delays. Trading hours at Exness are generally from Sunday 09:05 PM to Friday 08:59 PM.

Commodities CFD

Trade commodities like gold, crude oil, and metals with leverage up to 1:100. Margin requirements vary based on the specific commodity, with higher leverage (1:200) available for some metals. Here are the margin requirements for trading commodities:

Stocks CFD

Exness provides access to popular stocks like Tesla, Apple, Microsoft, Amazon, and Meta, as well as instruments from sectors such as healthcare, real estate, technology, and finance. Stock trading hours are from Monday to Friday, 01:00 PM to 07:45 PM (GMT). Additionally, pre-market trading is available for specific stocks like META, Tesla, Nvidia, Amazon, and Apple from 10:00 AM to 07:45 PM (GMT). Note that swap trading is available at 09:00 PM on weekdays only.

Indices CFD

Indices CFD with Exness allows you to speculate on the price movements of stock market indexes like S&P 500 or Dow Jones without owning the underlying assets. With Exness, the leverage is fixed at 1:200. The exceptions are US30, US500, and USTEC, which is 1:400.

Crypto CFD

Trade cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP) with swap-free conditions and fixed margin requirements. Crypto trading is available anytime, except during server maintenance.

Fees

Exness fees and brokerage charges are minimal for both trading and non-trading activities. Exness does not charge any management fees, and the platform offers low spreads and zero to small commissions, depending on the instruments. Specifically, Forex, Commodities, Stocks, and Indices have no commission fees, while Cryptocurrencies have varying commissions depending on the instrument and account type.

Additionally, Exness has removed swap fees for most instruments, including major currency pairs, cryptocurrencies, and gold, and covers third-party withdrawal fees.

To help traders navigate these fees and optimize their trading strategies, Exness provides a fee calculator. The Exness Calculator is a multifunctional tool that helps traders estimate potential profits and losses, calculate margin requirements, determine pip values, and assess swap fees and commission costs.

For trading fees, here is a detailed breakdown of commissions and spreads for different products:

The fee structure of Exness is generally more competitive than what popular local trading platforms (like Zerodha, Groww in India) or international competitors like IG, RoboForex, or XM provide, especially for forex and CFD trading.

Account opening

Account opening in Exness is straightforward, just follow the steps below:

1. Visit the official Exness website and click “Register”
2. Enter your country of residence (impacts available payment methods)
3. Enter your email address and create a password (you must not be a US citizen or resident to continue)
4. Go to “My Accounts” tab to open a new Standard or Professional (Raw Spread, Zero, and Pro) account. You can also start with a demo account
5. Choose between a real or demo account
6. Choose your trading platform (MT4 or MT5)
7. Choose your preferred max leverage setting and account currency (cannot be changed later)
8. For each account, you can create a nickname and password
9. Click "Create an Account" when you're done

What are the available account types?

Exness offers a variety of account types to serve different trading needs and experience levels. Here are the most important specific details for each account type:

Demo Account

The demo account of Exness provides $10,000 in virtual funds (with unlimited re-fills, without expiration) for practice and strategy testing.

Click here to open an Exness Demo account!

Standard Account

• Minimum Deposit: $1 (depends on the payment processor)
• Spread: From 0.3 pips
• Commission: No commission
  
• Features: Suitable for all types of traders, offering a broad range of instruments with competitive spreads and no commission fees.

Standard Cent Account

• Minimum Deposit: $1
• Spread: From 0.3 pips
• Commission: No commission
  
• Features: Ideal for beginners, allowing trading with nano-lots to minimize risk and learn trading in live conditions.

Pro Account

• Minimum Deposit: $200
• Spread: From 0.1 pips
• Commission: No commission
  
• Features: Designed for experienced traders, offering instant execution and lower spreads than standard accounts.

Raw Spread Account

• Minimum Deposit: $200
• Spread: From 0.0 pips
• Commission: Up to $3.50 per side per lot
  
• Features: Provides the lowest spreads with a fixed commission, ideal for traders who require tight spreads and are comfortable with paying a commission.

Zero Account

• Minimum Deposit: $200
• Spread: From 0.0 pips
• Commission: From $0.05 per side per lot
  
• Features: Best for scalpers and high-frequency traders, offering zero spreads on the top 30 instruments with a low commission.

Islamic Account (special)

Islamic accounts are available for all Exness account types, providing swap-free trading to comply with Islamic financial principles.

In conclusion, the account offerings of Exness are very versatile, so both novice and experienced traders will find an account that suits their trading style and needs. The minimum deposit of $1 for Standard and Standard Cent accounts is lower than what most competitors offer ($10 usually), which makes Exness highly accessible to even low-budget traders.

Deposit and Withdrawal

Exness offers a simple deposit and withdrawal process, with most transactions processed instantly and automatically. The broker offers a wide range of payment methods including Bank Cards (Visa, Mastercard), E-wallets (Skrill, Neteller, WebMoney, Perfect Money), Cryptocurrencies (Bitcoin, Tether) and several local payment methods like UPI in India or Boleto Bancário in LATAM.

What is the minimum deposit at Exness?

The minimum deposit at Exness is $1 for Standard accounts and $200 for Professional accounts. The broker doesn't charge you any deposit or withdrawal fees and the platform supports

How do you deposit money to your Exness account?

To deposit money to your Exness account, follow these steps:

1. Log into your “Personal Area” then click the “Deposit” button on the “Accounts” tab. 
2. Choose the method of payment from the listed options. 
3. Choose the currency and enter the amount (consider the minimum deposit requirements depending on the account). Double-check your input and proceed.
4. Some payment methods require verification, so keep this in mind. 
5. The request should be processed promptly, and you will see it in your transaction history.

Exness Trading Platforms

Exness offers several three trading platforms designed for different trader needs: Exness Terminal, MetaTrader Webterminal and Exness Social Trading.

Exness Terminal

Exness Terminal is a web trader platform that works with all Exness trading account types supported by MetaTrader5 and offers flexible trading, quick order executions, comprehensive portfolio tracking, and advanced charting tools. 

You can trade over a hundred CFDs monitoring real-time prices and movements. For active traders, this is beneficial because you can open and close orders instantlyas well as set pending orders through the Limit Order field.

This platform is ideal for traders who prefer a straightforward, browser-based solution without the need for downloads.

MetaTrader WebTerminal

MetaTrader WebTerminal is an online trading platform that supports both MT5 and MT4. This web-based platform allows you to trade financial markets, just as much the same functionality as the desktop versions, directly from your browser.

This MetaTrade WebTerminal is compatible with Windows, Linux, macOS, iOS, and Android and features over 40 built-in, customizable indicators, and an economic calendar. MetaTrade WebTerminal enables you trades in real-time, instant automatic withdrawals, and Stop-Out protection, depending on your browser.

Exness Social Trading

Exness Social Trading is a feature within the Exness trading platform that allows users to follow and copy the trading strategies of experienced traders, known as Strategy Providers. This enables less-experienced traders to benefit from the expertise of seasoned traders and achieve the same profit.

To start using the Exness Social Trading platform, follow the below steps:

1. Visit the official Exness website and create a trading account.
   
2. Deposit at least $600 to be eligable for using the social trading app.
   
3. Within the Exness trading platform, click on the "Personal Area" in the upper right corner.
   
4. Within your personal dashboard, select "Social Trading" on the left side.
   

Exness Mobile Apps

Exness offers three different mobile apps to trade on the go: the Exness Trade App, the MetaTrader 4 App and the MetaTrader 5 App.

To get started, download the latest Exness mobile app from here!

Exness also provides an APK (Android Package Kit) version of their mobile trading app for Android users who may not have access to the Google Play Store. The Exness APK offers the same functionalities as the standard app but can be downloaded directly from the Exness website and manually installed on Android devices.

Exness Trade App

Exness Trade App is a mobile platform that supports MetaTrader 5 trading accounts but not MetaTrader 4. It includes advanced charting tools, push notifications for rate alerts, and in-app calculators for margins, spreads, and swaps. The app allows for comprehensive account management, viewing trading history, planning trades, and executing trades with fast execution. It is available on iOS and Android devices, providing a convenient mobile trading experience.

MetaTrader 4 App

MetaTrader 4 (MT4) App by Exness is a mobile trading platform that uses MetaTrader4, featuring 3 charts, 24 analytical tools, and 30 built-in, customizable indicators. MT4 iOS or Android highlights a simple interface, where you can trade CFDs, monitor market news, and set up all essential order types and execution modes.

MetaTrader 5 App

MetaTrader 5 (MT5) app in Exness is a mobile trading platform that uses MetaTrader5, featuring a full set of trader orders (buy and sell stop limits) and over 40 built-in, customizable indicators. You can trade CFDs on forex, stocks, indices, commodities, and crypto with real-time strategy execution where you can monitor spreads, and prices from the market watch. While the app is for trading only, MT5 app allows you to fully manage your account on your iOS or Android devices.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Exness Customer Support

Exness provides customer care with their dedicated support specialists via live chat across 15 languages, including English, Chinese, Thai, Vietnamese, Arabic, Bengali, Hindi, and Urdu. You can contact Exness in most languages 24/7.

Here are the different ways of how you can contact the Exness customer support:

• Contact page: https://www.exness.com/contact/
• Email Address: support@exness.com 
• Help Center link: https://www.exness.com/link/help-center/
• Online 24/7 - English, Thai, Chinese, Vietnamese, Arabic, Bengali, Hindi, Urdu
• Exness offices - Cyprus, U.K., South Africa, British Virgin Islands, Seychelles, Curaçao, Kenya
• Phone: Exness customer support is not accessible via phone, so the broker does not provide a customer care phone number.
  

Generally, we are not amazed by the customer support of Exness as we always received answers to our questions with significant delays (several days) and it's also weird that traders can't talk to a live person via phone.

Exness FAQ

In which countries is Exness available?

Exness is available in most countries globally, with a particularly strong presence in Asia, Africa, Latin America, and the Middle East. However, the platform is not available in North America (USA, Canada, Greenland), a big part of Europe (all EEA countries, Russia, Ukraine, Belarus, etc.), and certain countries in Asia, Africa, and Latin America due to regulatory restrictions.

Below is a complete list of restricted countries, based on the official Exness website:

• North America: USA and its territories, Canada, Greenland
• Europe: All European Economic Area (EEA) countries, Russia, Ukraine, Belarus, Albania, Macedonia, Kosovo, Bosnia and Herzegovina, and various French, Netherlands, Denmark, and British Overseas Territories
• Asia: North Korea, South Korea, Malaysia, Myanmar, Singapore
• Africa: Seychelles, Central African Republic, Mali, Sudan/South Sudan, Democratic Republic of Congo, Somalia, Mauritius, Rwanda
• Middle East: Israel, Syria, Palestinian Territory, Iraq, Yemen, Iran, Afghanistan, Western Sahara
• Latin and Central America: Uruguay, Nicaragua, Cuba, The Bahamas
• Caribbean: Barbados, Saint Martin, Haiti, Saint Vincent and the Grenadines, Bonaire Sint Eustatius and Saba
• Antarctica
• Cook Islands

Is Exness legal and regulated in South Africa?

Yes, Exness is legal in South Africa as it is regulated by the the Financial Sector Conduct Authority (FSCA) under the Financial Service Provider (FSP) number 51024. 

Is Exness legal and regulated in India?

No, Exness is not legal in India, because it is not regulated by the Securities and Exchange Board of India (SEBI). A SEBI registration is mandatory for all trading platforms operating in India, so not having one clearly means that the broker is not operating legally in the country.  As a result, the Reserve Bank of India (RBI) listed Exness on its alert list of "unauthorized electronic trading platform (ETP) for forex transactions under the Electronic Trading Platforms (Reserve Bank) Directions, 2018.

This means, that Indian traders can't turn to Indian authorities like SEBI or the RBI in case they have any problems with Exness. However, Exness is a heavily regulated broker internationally, so it's very unlikely that Indian traders will face any issues that require regulatory intervention.

What leverage does Exness provide?

Exness provides unlimited leverage for most account types, including Standard, Pro, Zero, and Raw Spread accounts. Below is a detailed list of the different leverage levels Exness provides for different account balances:

• 0 – 999 USD: Maximum leverage of 1:Unlimited
• 0 – 4,999 USD: Maximum leverage of 1:2000
• 5,000 – 29,999 USD: Maximum leverage of 1:1000
• 30,000 USD or more: Maximum leverage of 1:500

Some instruments, such as cryptocurrencies, have fixed leverage.