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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.

By Steven Hatzakis / July 16th, 2018 / Updated: October 3rd, 2018

help 65
Trust Score
Dislikes
  • Limited in-house research
  • Lack of CFD offers outside of forex and metals

Review Sections:

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.

Trust Score

Trading with a forex broker traders can trust is crucial to success. Unfortunately, forex fraud and scams are common in the industry.

Here at ForexBrokers.com, we maintain the largest independent regulatory database available on the web. Using 28 different variables, we have created a proprietary 1-100 score (the higher the better) of overall trustworthiness, which we call the Trust Score. Here is our trust summary of Exness.

Exness
Trust Score65
Year Founded2008
Publicly-Traded Company (Listed) No
Regulated in Major Hub Yes
Regulated in Emerging Hub No
Authorised in the European Union Yes
CFTC Registered (USA) No
FCA Regulated (UK) Yes
IIROC Authorised (Canada) No
FINMA Authorised (Switzerland) No
ASIC Authorised (Australia) No
SFC Authorised (Hong Kong) No
MAS Authorised (Singapore) No
FSA Authorised (Japan) No
FMA Authorised (New Zealand) No
CySEC Authorised (Cyprus) Yes

Offering of Investments

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

Exness
Minimum Initial Deposit$1.00
Currency Pairs (Total Forex pairs)104
CFDs - Total Offered112
Exchange Traded Securities: US No
Exchange Traded Securities: International 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

Exness
Average Spread EUR/USD - Standard0.90
All-in Cost EUR/USD - ActiveN/A
Active Trader or Premium/VIP 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.

Exness
Daily Market Commentary No
Forex News (Top-Tier Sources) Yes
AutoChartist No
Trading Central (Recognia) Yes
Delkos Research No
Acuity Trading No
Social Trading / Copy-Trading No
Social Sentiment - Currency Pairs No
Client Webinars Yes
Client Webinars (Archived) Yes
Videos - Beginner Trading Videos Yes
Economic Calendar Yes
Calendar Includes Forecasts Yes
Economic News Sentiment No
Trade Ideas - Backtesting 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

    Exness
    Android App Yes
    Apple iOS App Yes
    Charting - Draw Trend Lines Yes
    Charting - Can Turn Horizontally Yes
    Charting - Technical Studies/Indicators30
    Watch List Syncing No
    Trading - Forex Yes
    Trading - CFDs Yes
    Alerts - Basic Fields Yes

    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.


    Steven Hatzakis

    Reviewed by Steven Hatzakis 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 19 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.

Exness Competitors

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Ratings Overall

Summary

Commissions & Fees
Offering of Investments
Platforms & Tools
Research
Customer Service
Mobile Trading
Education

Best in Class


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 4/03/2018 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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