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Overall

Exness is a MetaTrader-only broker regulated in the EU offering multiple account types and forex pairs, but its offering lacks the range of CFDs forex brokers typically offer.

Steven Hatzakis | July 24th, 2019

help 73
Trust Score
Dislikes
  • Limited in-house research
  • Lack of CFD offers outside of forex and metals

Review Sections:

Please Note: Exness was not included in the 2019 annual review. As a result, this broker's ratings may be outdated. Read our Best Forex Brokers 2019 guide for a look at the top rated forex and CFDs brokers.

Founded in 2008, the Exness Group (Exness) maintains two entities with regulatory status in the European Union (EU): Exness UK Ltd, regulated by the Financial Conduct Authority (FCA) in the United Kingdom (UK), and Exness (Cy) Ltd, regulated by the Cyprus Securities and Exchange Commission (CySEC), with passports throughout several EU member states.

Exness offers the popular suite of trading platforms developed by MetaQuotes Software Corporation, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The broker provides multiple account types and access to 104 forex pairs and eight metals contracts.

Is Exness Safe?

Exness is considered average-risk, with an overall Trust Score of 73 out of 99. Exness is not publicly traded and does not operate a bank. Exness is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). Exness is authorised by the following tier-1 regulator: Financial Conduct Authority (FCA) Learn more about Trust Score.

Regulations Comparison

FeatureExness
Year Founded2008
Publicly Traded (Listed) No
Bank No
Tier-1 Licenses1
Tier-2 Licenses1
Tier-3 Licenses0
Trust Score73

Offering of Investments

The following table summarizes the different investment products available to Exness clients.

FeatureExness
Forex: Spot Trading Yes
Currency Pairs (Total Forex pairs)104
CFDs - Total Offered112
Social Trading / Copy-Trading No
Cryptocurrency traded as actual No
Cryptocurrency traded as CFD No

Commissions & Fees

Exness offers several account types and execution methods where the commissions and fees vary. In the Classic MT4 account a minimum deposit of $2000 is required, and the spreads are slightly lower than in the Mini account.

Exness lists an average spread of 0.9 pips for the Classic account.  

Exness account comparison

FeatureExness
Minimum Initial Deposit$1.00
Average Spread EUR/USD - Standard0.9 (as of May 19)
All-in Cost EUR/USD - ActiveN/A
Active Trader or VIP Discounts No

Research

Exness offers research mainly in the form of third party content, including headlines from Dow Jones News within the trading platforms, and content from Trading Central, including Trading Central WebTV, which has daily video content.

Exness research Trading Central TV

Exness also offers the TC.TechnicalAnalysis Trading Indicator from Trading Central, and an economic calendar. The broker lacks in-house content, and the last post in its Analytics section had not been updated since early January 2018. Although Exness’s range of third party research is satisfactory, it could improve its in-house research offering significantly.

FeatureExness
Daily Market Commentary No
Forex News (Top-Tier Sources) Yes
Weekly Webinars No
AutoChartist No
Trading Central (Recognia) Yes
Delkos Research No
Social Sentiment - Currency Pairs No
Economic Calendar Yes

Platforms & Tools

Exness is a MetaTrader-only broker, offering the suite of platforms from MetaQuotes Software Corporation, including the MT4 and MT5 platforms. To learn more about this suite, read our MetaTrader guide.

MetaTrader4 Desktop Forex Brokers

While MT4 and MT5 come standard, with little variation in functionality from broker to broker, there can be significant differences in how the platform is set up for trading spreads and commissions, execution, and other tools, features, and administrative areas.

Besides spreads, the range of instruments, and account types, here is a summary of the differences in features between Exness’s MetaTrader offering and the default MetaTrader experience:

    • News headlines stream from Dow Jones News

    Mobile Trading

    Exness offers iOS and Android mobile trading applications for its MetaTrader platforms, available directly from the developers at the iTunes Store and the Google Play Store.

    Metatrader4 mobile charts

    FeatureExness
    Android App Yes
    Apple iOS App Yes
    Trading - Forex Yes
    Trading - CFDs Yes
    Alerts - Basic Fields Yes
    Watch List Yes
    Watch List Syncing No
    Charting - Indicators / Studies30
    Charting - Draw Trend Lines Yes
    Charting - Trend Lines Moveable No
    Charting - Multiple Time Frames Yes
    Charting - Drawings Autosave No
    Forex Calendar No

    Other Notes

    Exness notes that slippage can occur during the first three hours of trading for a given instrument, but insists that thereafter it will limit any such gap within a predefined range, depending on the instrument traded, ranging from 8 to as much as 40 points.

    Exness gap level values

    Final Thoughts

    Exness provides a decent array of forex pairs and account options for traders looking for MT4 and MT5 from an EU-regulated broker, but it lacks the range of CFDs forex brokers typically offer. The firm’s research offering is very light and is another area in which Exness has room to improve to compete with other brokers in its category.

    Forex Risk Disclaimer

    "There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." Learn more.


    Steven Hatzakis

    About the author: Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.

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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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