Exness offer one way to trade: Forex.
To open a live account, you’ll need a minimum deposit of at least $1. Alternatively, Exness offer 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 have 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.
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What are Exness's spreads & fees?
The spreads displayed below are based on the minimum spreads listed on Exness’s website. The colour bars show how competitive Exness’s spreads are in comparison to other popular brokers featured on BrokerNotes.
EUR/USD1.7 PIPS $5 per lot
The average spread for EUR/USD across all brokers on BrokerNotes is 0.82 pips. See popular brokers for trading EUR/USD
USD/JPY3.6 PIPS $5 per lot
The average spread for USD/JPY across all brokers on BrokerNotes is 0.91 pips. See popular brokers for trading USD/JPY
GBP/USD2 PIPS $5 per lot
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
Example: How much would it cost to trade 1 lot of EUR/USD?
If you were to buy one standard lot of EUR/USD (100k units) at an exchange rate of 1.1719 and then sell it the next day at the same price you could expect these fees:
|Typical overnight fee:||$6.49||$5.00||$9.40|
|Total cost of a 100k trade:||$12.49||$12||$15.4|
|+$0.49 saving||+$2.91 more|
|Visit Exness||Visit AvaTrade||Visit Plus500|
All fees/prices are for informational purposes and are subject to change. Last updated: 17/11/2017.
What instruments can you trade with Exness?
|FX / Currencies||Exness||AvaTrade||Plus500|
|# of forex pairs offered||103||59||61|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes||Yes|
|Exotic forex pairs||Yes||Yes||Yes|
|# of commodities offered||0||16||17|
|Indiced & Stock CFDs||Exness||AvaTrade||Plus500|
|# of Stocks offered||0||99||1816|
|See Exness's Instruments||See AvaTrade's Instruments||See Plus500's Instruments|
What's the Exness trading experience like?
1) Platforms and apps
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‘re on the move.See Exness's platforms
2) Executing Trades
Exness allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. Exness allow you to execute a maxium 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, but as a guide, Exness offer margin up to 0.0001% on currencies.
Finally, we‘ve listed some of the popular funding methods that Exness offers its traders on the right.
3) Client support
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 have a BrokerNotes double AA support rating because Exness offer over three languages, email and phone support.
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 March 6, 2018.