Quick take
Good for
- Low minimum lot size
- Tight spreads and low minimum balances
- Commission-free accounts available
Not so great for
- Limited range of financial instruments
- Fewer tool and features compared to competitors
- Mixed user reviews
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Exness review
Benefit from zero commissions and low spreads across multiple asset classes with this online trading platform.
Having a reliable and capable broker is imperative to successful trading. One of the top choices for trading is Exness, a widely available online trading platform and multi-asset broker.
In this review, we’ll cover how Exness works, the type of financial instruments it offers, costs and more.
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Disclaimer: General information only. All forms of investments (and in particular, trading CFDs, commodities and forex) carry significant risk, including the risk of losing more than the invested amounts, market volatility and liquidity risks. Past performance is no guarantee of future results. Such activities are not suitable for most investors.
Exness as an online broker to trade CFDs
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About Exness
Founded in 2008, Exness is a multi-asset global trading platform headquartered in Cyprus. Since its inception, the platform has grown steadily and amassed over 145,000 active traders across the globe.
Today, it offers access to 120+ tradable instruments, including forex, metals and cryptocurrencies. In March 2021, its monthly trade volume was reported to have hit a record high at $930.6 billion.
Why trade with Exness
With Exness, you can experience the global markets by trading on a wide range of asset classes, including forex and CFDs on metals, energies, cryptocurrencies, indices and stocks. You can also benefit from little to zero trade commission, or free spreads depending on the account type you’ve chosen.
In addition, Exness also provides multi-language support with 24/7 live chat should you require urgent support.
Is Exness trustworthy?
Transactions on Exness’ PC and mobile platforms are processed with Secure Sockets Layer (SSL) protocol to safeguard its client data. To ensure that your information is secure while operating Exness, always keep a lookout for the SSL security icon (a lock sign) is displayed on the address bar of your web browser.
Nymstar Limited is the trading name of Exness Group, which is a securities dealer authorised and regulated by the Seychelles Financial Services Authority (FSA) with license number SD025.
What can I trade on Exness?
Below is a list of tradable instruments you can trade on Exness:
- Stocks. Trade CFDs on stocks such as Apple, Google, Tesla and more.
- Indices. Access to a wide range of the world’s most popular indices to trade CFDs on, including the FTSE 100, S&P 500, Dow Jones Industrial Average and more.
- Forex. Trade precious metals such as Gold, Silver, Platinum and Palladium in the form of currency pairs.
- Energies. Trade on USOil and UKOil contracts.
- Cryptocurrencies. Trade CFDs on popular cryptocurrencies such as Bitcoin, Litecoin, Ethereum, Ripple and Bitcoin Cash.
Tools and features
Navigate the markets and trade with ease through the features available on Exness online trading platform, such as:
What are Exness spreads and fees?
Here is an overview for each of Exness’ feature-rich accounts:
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Note: The information provided is accurate at the time of writing (22 April 2021).
What are the customer support options available?
If you have any enquiries, you may reach Exness directly through the following contact details:
- General hotline: +65-31636931 or +65-31633126
- Live chat: Available 24/7 on Exness’ website and mobile platform
- Email: support@exness.com
How do I open an account with Exness?
You can apply online for an Exness trading account as long as you’re over 18, not a US citizen and not bankrupt.
Here’s a step-by-step signup process:
- Open an account. Head over to Exness homepage. Under the ‘new account’ tab, select your country of residence, input your email address and set your desired password. Click ‘Continue’ to proceed.
- Log in. Log into your ‘Personal area’ and you’ll be able to view two accounts created for you by default – an actual trading account and a demo trading account (both for MT5 trading terminal).
- Verify your details. To unlock all the features of your trading account, you’ll need to verify your identity and address by uploading the required documents.
- Deposit funds. After you’ve successfully set up your account, deposit funds and start trading with Exness.
Required documents
To verify your information and fulfil KYC requirements, you’ll need to submit any of the following documents:
- Identity verification. Valid passport, government-issued ID or driver license.
- Address verification. Utility/telco bill, bank account/credit card statement, income tax bill, government-issued ID or driver license.
Verdict
With little to no trade commission, Exness is certainly an affordable platform to trade on. Its compatibility with the highly popular MT4 and MT5 platforms also provide a secure and streamlined trading environment for both beginner and experienced traders.
However, Exness does come with a few caveats, one of them being the lack of deposit and withdrawal support with bank nor wire transfers. Compared to other online trading platforms in the markets, Exness also fall short in its variety of stocks, indices, cryptocurrencies and commodities. It also doesn’t offer bonds and ETFs. Based on reviews on TrustPilot, numerous users have also complained about the lack of responsiveness from Exness’ support team.
Before signing up with Exness, make sure to compare it with other alternatives available in the market to ensure that you find a trading platform that is best suited to your trading needs.
Frequently asked questions
Important information: Powered by finder.com. This information is general in nature and is no substitute for professional advice. It does not take into account your personal situation. This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for most investors. You do not own or have any interest in the underlying asset. Capital is at risk, including the risk of losing more than the amount originally put in, market volatility and liquidity risks. Past performance is no guarantee of future results. Tax on profits may apply. Consider your own circumstances, including whether you can afford to take the high risk of losing your money and possess the relevant experience and knowledge. We recommend that you obtain independent advice from a suitably licensed financial advisor before making any trades.
