Eightcap Review

Broker: Exness 

Leverage: 1:30 | 1:1000 

Regulation: SFSA, CBCS, FSC, FSCA 

Min. Deposit: 10 US$

HQ: Seychelles, SA, UK 

Platforms: MT4, MT5

Found In: 2008

Website: exness.com 

Exness Licences 

Our Review Method


What is Exness?

Exness refers to the global brokerage company that delivers its services through three main office locations in Seychelles and South Africa. The firm's divided structure allows international clients to access financial solutions and investment solutions while the global brand operates primarily as a retail brand and mostly corporate solutions or partnerships.


Exness, a retail broker, has won many awards. It provides reliable and stable brokerage services and a comfortable trading environment that might suit most traders. They also have tight spreads and no hidden fees. Trading is done via MT4 with the possibility of trading a variety of CFDs or Futures on a wide range of markets. Below is a summary of Exness. 

Overview

Exness offers a good trading environment. It is licensed by many authorities, including South Africa. However, we have seen that Exness previously had CySEC or FCA licensures, while it now operates primarily via SA license and international branches. MetaTrader technology is the foundation of our business. We also accept good research, education, and analysis which are good for all types of traders.


There are limitations to product offerings, with only Forex and CFDs trading instruments. Multi-currency accounts are not available as the proposals in each jurisdiction differ. Changes in regulations and broker licenses can increase the differences traders might see on trading accounts. It is therefore important to check if this is right for you.


Pros


Cons


Rating of the company overall

RATING: 4.9


Overall Exness Ranking 

Exness, according to our Expert findings, provides excellent trading conditions for traders including African clients. It also offers good service for Forex beginners. Exness offers excellent education and a wide range of platforms.


Exness Overall Ranking: 8 out of 10. Based on our testing, and compared with 500 other brokers. See Our Ranking below compared with other industry-leading brokers. 

Brokers that offer Exness Alternatives 

Exness doesn't offer a wide variety of trading instruments and is unable to offer European trading. It has also changed its licenses, so it mainly operates via international entities. Based on our findings, spreads are comparable to the average. However, we found that some brokers may have slightly lower spreads or better regulations.


Read detailed reviews of alternative brokers:

Awards 

Exness's operation history is not the only thing that we have seen. Exness has received a few awards in the past, but now it is constantly growing and being recognized for its achievements.


We also found Exness actively participates in social life and is a honored sponsor partner with many organizations. Exness proudly sponsored Real Madrid, the world's top football team, and Cristiano Ronaldo, the greatest football player alive. 

Exness is a scam or a safe broker? 

Exness isn't a fraud. It operates according to relevant country's legal requirements, which are authorized by FSCA South Africa. They offer low-risk Forex and CFDs. Click here to view Axiory, which offers traders access the CFDs marketplace.

Is Exness Broker available?

Exness Group, with its established offices and presence in different countries, is always regulated locally. The broker is allowed to offer financial products and services as part of its international trading proposal.


Exness licenses are evolving. Exness used to operate under CySEC license. Exness is now operating in South Africa, but also has an international license with Seychelles and BVI licenses. While this license provides registration and not serious regulation, it's reliable and Exness can rely on additional licenses from reputable agencies. The UK licenses and the branch are primarily a b2b tool.


Read our conclusion about Exness Reliability:

What can you do to be protected? 

There are many layers of protection that can be provided by the operational standards. These include customer protection, money segregation, and participation in an investor compensation fund or scheme. 

Leverage 

Exness, like most Forex brokers, also offers leverage. This can increase potential gains by allowing multiple accounts to balance.


Leverage levels are determined by the instrument traded and also the regulatory restrictions and your level of proficiency.


Our research shows that the current levels of Exness stays are consistent with European regulations.


However, a global entity may be able to allow higher leverage ratios than 1:000. These are also determined by your country of origin.

Learn how to properly leverage leverage, as it can increase your risk of losing money and can be a different feature in different instruments.

Types of  accounts

Exness offers accounts with over 80 currencies options. The company also offers instant payment options. Standard Cent Account is ideal for smaller traders. Standard Account, Professional ECN Account has raw spread offering and a commission per trade.


You can also open a demo account to test trading strategies, or open a live forex account to trade live in the forex markets. Traders from different countries may have to accept different account options depending on regulation and compliance. However, Exness accounts that our experts reviewed were a good choice compared to other brokers. 

Below are the Exness pros and cons of account:

Forex Contest 

We believe that there are many additional features that Exness customers can use to participate and win valuable prizes in the Forex trading Contest that is held from time to time. The official website will inform traders residing in particular countries about the availability and possibility of engaging.

How do I open an Exness trading account?

These are the steps you need to take to open a Real Trading account. However, we recommend that you first open a Demo account to practice trading.

 

Market Instruments 

Exness has a wide range of markets you can trade on. These include popular Forex , which offers 107 currency pairs, CFDs for Stocks and Indices as well as Metals and Energies. This is a good offer in the industry.


Exness markets range score is 8 out of 10 for good trading instrument selection. However, the only problem that exists is that different entities have different proposals reflecting their instrument selection. 

Exness Fees 

We believe Exness pricing is good. There are no spreads on standard accounts or commission for ECN accounts. However, you should check the conditions and inactivity fees based upon your location as they could vary. Below is our Exness Fee table. 

Spreads

Exness spreads are based on tight variable spreads. However, it is determined by the type of account you choose to trade. Standard Cent Account Spreads start at 0.3 pip with no commission on trading volume. This means that all trades are calculated and paid in cents. Standard account costs are based on tight spreads starting at 0.1 pip.


The Professional ECN account has a raw spread and a commission per trade, making it an attractive option for experienced traders. For a better understanding of Exness fees and comparisons with other brokers, see the following examples.


Exness Spreads are rated average with an overall rating of 7 out 10 based on our testing against other brokers. As you can see, Exness spread is indeed the best, although some brokers offer better spread conditions. 

Rollover 

Consider Exness rollover or overnight fee as an expense. It is always a good idea to verify all fees to see if they are applicable. Rollover charges are applied to positions that are held for more than one day. For overnight positions, each instrument has a different quote. This may be a fee, or a refund. See the sample below. 

 

Withdrawals and deposits 

Exness offers instant withdrawals and deposits with no commissionusing a variety of electronic payment systems that allow you to manage your trading account funds at your convenience.

Deposit Options

You have the option to use both methods of payment. However, depending on your residence, you might be charged an additional fee.


We have compiled a list of positive and negative points about XM funding options:

Exness Minimum deposit 

Exness doesn't require you to have a minimum amount in order to get started. You can start with as little as 10$. Professional accounts may require 200$. You should also check the margin requirements for each trading instrument individually. You should also check the payment methods as some may require a minimum amount to be transferred. 

Exness Minimum Deposit vs Other Brokers

How do I withdraw money from Exness 

Exness charges no fees for withdrawals or deposits. There are many withdrawal options, including Bank Wire and Cards. Please check with customer service before you make any transfer to see if there are any fees. These may be due to your country or the payment provider. 


Check out our funding snapshot: 

Trade Platforms 

You can choose from industry leaders MetaTrader4 or MetaTrader5, as well as mobile trading platforms and MT4 WebTerminal. See our review of the benefits and cons of each platform.

Ratings for Platforms

Both platforms are widely used in the industry. MetaTrader4 is a simple and functional trading platform. MT5 offers powerful new features and more options. Both can be accessed via Web Trading, or other suitable versions that are available via the browser.

However, the Web version is less powerful than the desktop version. If you need to create a strategy that's comprehensive and have more customization and charting capabilities, go for desktop.

Exness Tradingn Platform have been rated Good with an overall rating of 8 out 10, compared to more than 500 other brokers. It is good because it has multiple versions and limited MetaTrader technology. We would also rank highly if we had access to research, tools, robot trading, EAs, and quality execution. 

 

Desktop platform 

Both MT4 & MT5 are compatible with all devices, including PCs and MACs. You can choose which platform you use to either the industry standard version or the newly developed version MT5. It is important to note that both platforms are supported by each account, so you don't need to specify. You can use them all at once, which is awesome.

What trading styles are permitted?

Exness allows almost any type of trading, which makes it possible for you to trade at Exness. There are many useful tools, including a glossary, Technical analysis by Trading Central and high quality VPS hosting. You can also access economical calendars, quotes history, and the most recent news regarding the Forex market via Dow Jones News. This is the largest provider of information worldwide, so it is included in the streaming line.

Mobile Trading Platform

There are many apps that you can use on your iPhone or Android device. They support MT5 as well as MT4 versions, so you can keep up to date with trading wherever you are. These apps are well-respected and well-developed. You can customize your phone to see account status, withdraw funds, and view fees reports all from your smartphone. 

Customer Support 

In addition to trading conditions that are comfortable, you'll also receive support in 13 languagesavailable 24/7, as well as support in English and Chinese.



Check out our ranking and find out more about customer service quality:

Exness Education 

Exness has its own Exness Academy, which is designed to educate and support traders from around the globe. The learning materials are categorized by level of experience, covering the basics and ending with the practice.

Exness is good for beginners.

Exness offers free Demo account and quite quality education materials. You also get the most recent financial news from Dow Jones. Educational materials and Web TV with the latest updates. Exness is a good choice for beginners. The platfroms make it easy for newbies to use the platform.

Exness Review Conclusion 

Exness's overall review concluded that broker is regulated by different jurisdictions. However, it has changed its regulations and entities many times. Exness was recognized for its accomplishments and high operational standards. We believe that Exness has the Mini and Standard accounts, which allow traders of all sizes to join a range of markets. Education is also excellent, as well as technical support via the industry-leading MT4 and MT5 platforms.


We recommend that you carefully review the conditions as they can vary depending on who you are trading with. International trading may not offer the same level of security as top-tier regulated brokers. European clients cannot sign with Exneess at the moment, so it is better to choose a European broker like HFM.


Based On Our Financial Expert Opinion Is Good For:

Exness Updates 

Exness UK and EU entities located in Cyprus have not been able to offer trading services or accept new clients. Exness currently operates its branch in South Africa, which was authorized by FSCA and via an international subsidiary in offshore Seychelles.


We advise traders to conduct their own research before opening an account with any regulated entity. At the moment, it is the South African Exness entity.