EXNESS

EXNESS
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Overview

Exness entered the forex market in 2008 and has been around for 10 years so far. Their headquarters is located in St. Petersburg, Russia. They are proud to hold CySec regulation. Their web page is available in more than 23 languages so that people all over the globe have the opportunity to start the account with them.

Deposits and Withdrawals

You can start Mini account with as low as 1 USD with this broker. There is multiple account choice here. For the Classic MT4 account, the minimum deposit of 2000 USD is required. There is no explanation presented on their website why Classic account is so expensive. You can deposit funds via a wide range of different methods including wire transfers, credit card deposits, Neteller, Skrill, and others. Withdrawals are swift and judging from multiple forum reviews take no longer than 5 business days to be processed. Funds are sent back using the same method used for initial deposit.

Trading

The firm offers 3 different account types. The first one is Mini account (available for only 1 USD, only 100 positions can be open at the same time), then it is Classic account (available from 2000 USD, no limit on the number of open positions), and ECN account (minimum deposit required is 300 USD, ECN accounts have direct access to Interbank liquidity). As for the choice of trading platforms, this broker offers both Metatrader4 and Metatrader5 platforms with all their benefits. For those people, who are always in action there is a wide range of downloadable applications for all sorts of devices including iPhone, iPad, Android, and Windows devices.

Instruments

The firm offers a total amount of 120 different currency pairs including major and minor pairs which is a wide range. Spreads for EUR/USD pair start from 0.3 pips on Mini account, 0.1 on Classic, and 0.0 on ECN account. Spread offers are quite tempting here. There are also Commodities offered (Energies and Agricultural). You can also trade in CFDs on futures the underlying asset of which is oil. No cryptocurrency trading here which can be considered as a major disadvantage.

Conclusion

To sum up everything mentioned above, Exness can not be considered as the best choice of the broker. Their high deposit requirement for the Classic account and lack of cryptocurrency trading makes it is hard to pick them as your top choice.

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    Broker EXNESS
    Website URL https://www.exness.com/
    Fax+357 25 388 992
    Email support@exness.com
    Founded2008
    HeadquartersCyprus
    Support Number+357 25 030 959
    Trading Platform MetaTrader 4, MetaTrader 5, Web Platform, Mobile Platform
    Minimum 1st Deposit$2000
    Minimum Account Size$1
    Minimum Trade Amount0.01 lots
    Maximum Trade Amount 0.0
    BonusNo Bonuses or Promotions
    Leverageto 1:2000
    Spreadfrom 0.1 points
    Free Demo Account Open Demo
    RegulationCySEC, BaFin, FCA
    Commission Info 25.0
    Number of Assets400+
    US Traders Allowed No
    Swap Accounts Yes
    Segregated Accounts Yes
    Interest on Margin No
    PAMM No
    Platformtimezone (GMT) Western Europe Time, London, Lisbon, Casablanca
    Web Trading Yes
    API No
    OCO No
    Hedging Yes
    Trailing Stops Yes
    Contests Yes
    Other Instruments Futures, CFDs
    Decimals 5 decimals
    Overall Score4.3

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