Exness Review 2023: Is This Forex Broker Legit?

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Exness is a brilliant platform for Forex traders with 97 currency pairs and Equity traders with 98 blue-chip stocks, 13 commodities, and 10 indices along with 34 cryptocurrency pairs. It’s an excellent choice for traders with strategies needing highly liquid trading instruments.

When a person starts looking for the best trading platforms and online Forex brokers, Exness Indonesia and Thailand is one of the leading names that pops up in the results. However, it’s a wise step to do thorough research on any platform when you’re about to trust them with your money.

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Exness Broker Review 2023

Exness is a Cyprus-based online brokerage firm that has been active in the Forex market since 2008. It operates legally in over 130 countries and fully complies with local laws in all jurisdictions. It also provides other assets including Equity, Crypto, Metals, Energies, and more.

Here is an overview of Exness, one of the top online brokers, as of August 2023:

Name of the Company	Exness (Cy) Ltd
Official Website	exness.com
Headquarters	Cyprus
Founding Year	2008
Regulated	Yes (CBSC, CMA, CySEC, FCA, FSA, FSC Belize, FSC Mauritius, FSCA) Advertisement
Assets Offered	Forex, Metals, Cryptocurrencies, Energies, Indices, Stocks
Customer Support	24/7 Support, Email, Phone, & Live Chat
Demo Account	Yes
Minimum Deposit	$10
Maximum Leverage	1:2000 to Unlimited
Trading Fees	Varies by Account Type
Withdrawal Fee	$0
Inactivity Fee	$0
U.S. Persons	Not Allowed
Islamic Accounts	Yes
Execution Type	Market Maker
Trading Platforms	MetaTrader 4, MetaTrader 5, Proprietary platform
Signals	Yes

Exness is a widely known Forex broker with ultra-low trading fees, superb trading statistics, and a great range of trading assets. The trading fee on the platform is really low and there are no swap rates on leveraged overnight positions on several assets. Trade CFD di Platform Trading Terbaik Exness.

We strongly recommend Exness South Africa, Exness Indonesia, Exness Thailand as it one of the top brokers in these countries. Apart from this, Exness Nigeria, Brazil, Egypt is also a leading broker for both crypto and forex trading in 2023.

Exness Broker Features: Pros and Cons

Here are the key advantages of using Exness for your trades:

Extensive range of assets with competitive spreads.
High maximum leverage to execute any sort of strategy.
High trade volume.
Free VPS hosting for an uninterrupted experience.
Comprehensive price history and signals.
MetaTrader Suite available.
Swap-free assets available.
Low trading fees.
Fast withdrawals with no cost.
Islamic and demo accounts available.
Exness Thailand and Exness Indonesia are top countries to trade.
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Here are some considerable limitations of using Exness:

U.S. citizens and residents are not allowed.
Limited educational content on mobile apps.
Lack of proper copy trading options.

Exness Account Types: Which One Should You Choose?

Exness offers five account types along with a demo account. Let’s take a look at the different account types available on Exness:

Exness Standard

Exness Standard Cent

Exness Pro

Exness Zero

Exness Raw Spread

The first two types, Exness Standard and Exness Standard Cent are ideal for casual and beginner traders. The minimum trade size on these accounts is 0.1 lots and cent lots, respectively, and the margin call level is at 60%.

The Exness Standard Cent account is also an impressive choice for traders to test new strategies, EAs, and signal providers. Exness states that 80% of clients choose the Exness Standard Account. The minimum deposit is $10 or payment processor dependent.

The Exness Pro, Exness Zero, and Exness Raw Spread accounts are commission-based options for demanding traders. The minimum trade size is 0.1 and the margin call level is at 30%. The minimum deposit is $200, which is still low considering other brokerage platforms.

Does Exness have a Demo Account?

Yes, Open Your $10,000 Demo Account here. Exness automatically opens a $10,000 demo account upon registration for paper trading. Users can also open up to 100 MT4 and 100 MT5 demo accounts from their Personal Area. These accounts are highly customizable and users can manage multiple accounts at once.

Remember that Exness deletes MT4 demo accounts after 180 days of inactivity and MT5 demo accounts after 21 days. They are perfect for understanding advanced and algorithmic trades and executing their strategies in the simulation environment.

Exness Trading Platforms & Their Key Features

Exness offers a web-based proprietary Exness Trading Terminal which is lightweight, user-friendly, and features 50 drawing tools and 100 indications. It also has a mobile platform called Exness Trade App which is available for Android and iOS devices.

Both of these are available for MT5 accounts and only support manual trading strategies. Additionally, there is an MT4 trading infrastructure which is highly versatile with 25,000+ add-ons, custom indications, and EAs.

Both MT4 and MT5 accounts provide built-in copy trading services. The app users also get 24/7 live support. Users can run Exness on Windows, Mac, Linux, Android, and iOS devices. There is negative balance protection and one-click execution on all platforms.

Exness also integrates services by Trading Central to upgrade its environment including the MT4 plugin TC Technical Analysis Indicator. There is a free VPS offer that requires a total deposit of $500, a minimum free margin of $100, and trading activity in the past 14 days.

Exness Minimum Deposit and Withdrawals

The trading fee on Exness is pretty low compared to the industry standards and it relies on users’ profitability. There is an excellent commission-free cost structure and a highly competitive commission-based alternative for various types of users.

Exness also offers swap-free trading on select assets. The Equity CFD traders get very low commissions and tight swaps. Thus, the platform is ideal for demanding short-term traders such as scalpers, and also for medium-to-long leveraged strategies.

If you take a 1.0 standard lot buy/sell position, in the EUR/USD, at the average spread and hold it for a single night, it will cost the following:

If you take a 1.0 standard lot buy/sell position, in the EUR/USD, at the average spread and hold it for seven nights, it will cost the following:

Verified users can manage all financial transactions in the secure Exness Personal Area. The broker doesn’t levy any cost on internal deposits or withdrawals. It processes most withdrawal requests to e-wallets within seconds. However, it may take up to 24 hours for certain options.

Bank wires may take up to three business days and credit/debit card withdrawals can take around five days. Exness identifies the best methods filtered by the geographic location of traders and withdrawal experience to provide swift transactions.

Exness Range of Assets & Leverage Options

Exness offers a wide range of assets for all sorts of traders. For Forex traders, there are 97 currency pairs and 34 cryptocurrency pairs. Equity traders can find 98 blue-chip names, 13 commodities, and 10 indices for profitable trades. Only Bonds and ETFs are not available on the platform. Still, the range is pretty extensive and users are never out of competitive choices.

The leverage range on Exness begins from a minimum of 1:2 to a maximum of unlimited depending on a user’s and an asset’s geographic jurisdiction. Exness offers 1:500 to unlimited leverage on equity, which is rare to find. However, users must manage the risk wisely.

Is Exness Safe? Security & Regulations

Exness is a completely safe and regulated broker. This limits space for fraud and malpractice. Exness presents eight regulated entities and maintains a secure trading environment at all times.

Here are the names and license numbers of regulators for Exness:

The financial performance of Exness Group is reviewed and verified by Deloitte, which is a leading financial auditing firm.

In addition to that, Exness also offers an investor compensation fund for claims up to €20,000, to all clients via the Hong Kong-based Financial Commission, the primary independent external dispute resolution (EDR) organization for the Forex market.

Thus, Exness is an absolutely safe, legitimate, and reliable broker that you can trust with your trades, strategies, and profits. You don’t have to worry about the platform. However, you should always ensure that you take basic precautions while trading and investing.

How to Register and Signup on Exness?

The process of registering an Exness account and starting your trading journey is very quick and simple. It only takes a few minutes. Here are the step-wise instructions you have to follow to join Exness and sign up for a new account:

Visit the Exness website and start your account.
Click on the ‘Open Account’ button.
Choose your country of residence. Select the right region as this can’t be changed later and will decide the availability of payment services.
Now enter your email address and verify it.
Next, set a password for your Exness account as per the given guidelines.
If you have a referral code, enter it on the next page.
Tick the box that declares that you are not a citizen or resident of the U.S.
Finally, click ‘Continue’ and follow the on-screen instructions.

You have now successfully registered for an account on Exness. The next step is to fully verify your account to be able to gain access to every feature available in the Personal Area. Exness opens a real trading account and a demo trading account (both for MT5) when you sign up.

However, you can also create new trading accounts with custom settings as per your requirements. It is a must when you need an MT4 trading account.

Is Exness Broker Good in Thailand, South Africa and Indonesia?

Yes, Exness is not only good but great. The trading environment on the platform is fantastic and competitive due to low trading fees, flexible leverage, and swap-free trading on certain assets. It offers an impressive selection of choices for currencies and has various account types.

Users can select the most suitable options while trading on Exness and execute strategies accordingly. It’s a completely trusted broker having an investor compensation fund in place. There is also an affiliate program that is outstanding for passive income opportunities.

All in all, Exness is perfect for Forex traders due to its wide range of currency pairs but it’s not limited to that. The range of other assets including cryptocurrencies, metals, energies, and indices is also impressive. It’s an excellent broker that one should definitely give a chance.

F.A.Q.

Q: Can we trust Exness in 2023?

A: Yes, Exness is a trusted, reliable, and transparent broker. It is regulated by several different organizations and operates legally in over 130 countries while following local laws. It also makes its reports publicly available so that clients can view its audits and performance indications. Additionally, there is also an investor compensation fund in place.

Q: What is the minimum deposit for an Exness broker?

A: The minimum deposit for commission-free accounts on Exness is $10 while it’s $200 for commission-based choices.

Q: How fast is Exness withdrawal?

A: Exness processes most withdrawals to e-wallets within seconds but it may take up to 24 hours. Bank wire transactions take longer and may take up to 3 to 5 business days while credit/debit card withdrawals can take up to 5 to 7 business days.

Q: Is Exness good for beginners?

A: Exness is a brilliant choice for beginners as well as seasoned traders. The broker has launched ‘Exness Academy’, a dedicated learning website for new investors. There is also a demo account that helps newbies to get experience with simulation. Meanwhile, experienced traders get advanced tools and versatile leverage options to execute their strategies.

Q: How much does it cost to start Exness?

A: Exness doesn’t charge any money to register for an account. You can sign up for a trading account for free and start your journey. The minimum deposit for commission-free account is 10$ with an activation duration of up to 72 hours. Make sure you verify your account fully to access all the available features in the Personal Area.

Who is Exness Recommended for?

Exness is recommended for traders with a certain level of industry knowledge as there are plenty of advanced tools and add-ons to execute strategies. It provides high leverage with super low fees for traders to execute their plans with minimal risk for excellent profits.

It’s also perfect for beginners who want to get their hands dirty as there is good collection of resources to learn at Exness Academy. New users also get a demo account to learn in real-time with simulation tool and there are also signals for profitable trades.

Ultimately, it’s a dynamic online broker with a versatile set of tools and assets for all sorts of traders. If you’re someone looking to embark on your Forex trading journey or someone who’s willing to take the profits to the next level, Exness is the way to go..

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Disclaimer: The above is a sponsored post, the views expressed are those of the sponsor/author and do not represent the stand and views of Outlook Editorial.