Founded in 2008, The Exness Group grew to a monthly trading volume of more than $180 billion, as well as 15,000 new accounts opened each month, in 2014. Today, traders with Exness have access to more than 120 financial instruments to trade across.
Trading platforms available from Exness includes MetaTrader 4, MetaTrader 5, mobile trading platforms and the MT4 WebTerminal. There are also 120 different currency pairs to choose from, as well as free VPS hosting, while traders are offered up-to-date financial news from Dow Jones and a trader's calculator and currency converter.
The Exness Group’s website has been localised into 18 languages, with 24/5 client support available in 13 different languages. Users also have access to leverage, which can considerably lower margin requirements and allows trading strategies to be managed flexibly. They also offer traders the instant withdrawal of funds using a number of electronic payment systems, providing traders with full control of their funds.
To open a live account, you’ll need a minimum deposit of at least $1. Alternatively, Exness offers a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by CySEC (Licence: 178/12). Exness puts all client funds in a segregated bank account and uses tier-1 banks for this. Exness has been established since 2008 , and have a head office in Cyprus .
Before we dive into some of the more detailed aspects of Exness ’s spreads, fees, platforms and trading features, you may want to open Exness ’s website in a new tab by clicking the button below in order to see the latest information directly from Exness.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links. Your capital is at risk. CFDs are leveraged products & 73% of traders lose money when trading CFDs.
Like most brokers, Exness takes a fee from the spread, which is the difference between the buy and sell price of an instrument.
The spreads displayed below are based on the minimum spreads listed on Exness’s website. The colour bars show how competitive Exness' spreads are in comparison to other popular brokers featured on BrokerNotes.
The average spread for EUR/USD across all brokers on BrokerNotes is 0.82 pips. See popular brokers for trading EUR/USD
The average spread for USD/JPY across all brokers on BrokerNotes is 0.91 pips. See popular brokers for trading USD/JPY
The average spread for GBP/USD across all brokers on BrokerNotes is 1.18 pips. See popular brokers for trading GBP/USD
The average spread for Bitcoin across all brokers on BrokerNotes is 41.15 pips. See popular brokers for trading Bitcoin
The average spread for gold across all brokers on BrokerNotes is 8.62 pips. See popular brokers for trading gold
The average spread for DAX30 across all brokers on BrokerNotes is 14.95 pips. See popular brokers for trading DAX30
Spreads are dynamic and are for informational purposes only. Last updated: June 06, 2018.
As you can see, Exness 's minimum spread for trading EUR/USD is 1.7 pips - which is relatively high compared to average EUR/USD spread of 0.82 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with Exness vs. similar brokers.
If you were to buy one standard lot of EUR/USD (100k units) with Exness at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $7.49. Here’s a rough breakdown of the fees and how this compares against XTB & City Index .
|Spread from:||$ 1.00||$ 2.00||$ 5.00|
|Typical overnight fee:||$ 6.49||$ 7.94||$ 20.60|
|Total cost of a 100k trade:||$ 7.49||$ 9.94||$ 25.6|
|2.45 more||$18.11 more|
|Visit Exness||Visit XTB||Visit City Index|
All fees/prices are for informational purposes and are subject to change. Last updated: 09/03/2018. 54.3% of retail investor accounts lose money when trading CFDs with this provider
Exness offers over 105 different instruments to trade, including over 103 currency pairs. We’ve summarised all of the different types of instruments offered by Exness below, along with the instruments offered by XTB and City Index for comparison.
|FX / Currencies||Exness||XTB||City Index|
|# of forex pairs offered||103||48||84|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes||Yes|
|Exotic forex pairs||Yes||Yes||Yes|
|Commodity CFDs||Exness||XTB||City Index|
|# of commodities offered||0||21||26|
|Index & Stock CFDs||Exness||XTB||City Index|
|# of Stocks offered||0||1606||4500|
|See Exness's Instruments||See XTB's Instruments||See City Index's Instruments|
Exness is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here. The combination of downloadable platforms for both Mac and Windows allows traders to trade with their device of choice.
Exness also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.See Exness 's platforms 54.3% of retail investor accounts lose money when trading CFDs with this provider
Exness allows you to execute a minimum trade of 0.01 Lot. This may vary depending on the account you open. Exness allows you to execute a maximum trade of 200 Lot. As Exness offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you’re paying to execute your trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.
Finally, we’ve listed some of the popular funding methods that Exness offers its traders on the right.
Exness support a wide range of languages including English, Russian, Chinese, Urdu, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, and Spanish.
Exness has a BrokerNotes double AA support rating because Exness offer over three languages email and phone support.
As Exness is regulated by CySEC, CRFIN, BaFin, AFM, Banque de France, CNMV, CONSOB, FI, KNF , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:
You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.
While you might be able to explore Exness’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with Exness you can visit their website here.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.exness.com/ on August 23, 2018.
Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.