No Bonuses or Promotions
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.
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.
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.
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.
Broker EXNESS Website URL https://www.exness.com/ Fax +357 25 388 992 firstname.lastname@example.org Founded 2008 Headquarters Cyprus 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 Amount 0.01 lots Maximum Trade Amount 0.0 Bonus No Bonuses or Promotions Leverage to 1:2000 Spread from 0.1 points Free Demo Account Open Demo Regulation CySEC, BaFin, FCA Commission Info 25.0 Number of Assets 400+ US Traders Allowed 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 Score 4.3