The is an in-depth Exness review in 2023 based on my experience trading with Exness forex broker.
It will help anyone considering opening an Exness real account, but saddled with wondering thoughts if:
- Exness is a good broker
- Exness is fake
- Exness is legit
- Exness is a scam broker
- Exness is regulated or not
As a trader, I know how critical it is to trade with a reliable broker – a broker with excellent trading conditions and flexible withdrawal methods. Nothing hurts like trading well, making profits, and lose money to scammy withdrawal terms and conditions.
The yardsticks for this Exness forex broker review are the critical factors to look at when choosing a forex broker.
I’ve personally traded with Exness, and it easily deserves the title, best forex broker Exness, but that’s for you to decide after learning what it has to offer in this review.
If you prefer, you can go to the Exness open account page to open an a free account so you can follow along.
let’s dive in.
Best Forex Broker Exness review 2023
About Exness
Exness is a financial company founded in 2008 that enables traders and investors to trade forex, metals, cryptocurrencies, energies, indices, and stocks.
As of December 2019, Exness had over 70,000 active traders worldwide with a monthly trading volume of over 325.8 billion USD.
Where is Exness located?
The headquarters of Exness is in Cyprus, Europe. The address is 1, Siafi Street, PORTOBELLO, Office 401, 3042, Limassol, Cyprus.
It also has offices in the UK and Seychelles operating as Nymstar Limited, with its registered office of Nymstar Limited is at F20, 1st floor, Eden Plaza, Eden Island, Seychelles.
Exness’s trading servers are located in the Netherlands.
Is Exness regulated or not?
Exness is legally regulated and licensed in three jurisdictions, United Kingdom, Cyprus, and Seychelles.
Exness UK is regulated by the Financial Conduct Authority (FCA) under the Financial Services Register number 730729
In Cyprus, Europe, Exness is regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 178/12
In Seychelles, Exness through Nymstar Limited is regulated by the Seychelles Financial Services Authority (FSA) with license number SD025 serving clients in select countries outside the European Economic Area (EEA).
Exness account types
Next, in this Exness review, we look at the different account types available to a trader.
Exness has two types of accounts; the real account and the demo or practice account.
Under the Exness demo account, we have the Exness MT4 and MT5 demo account
Go to the Exness open account page to get a free demo account.
The real account has two classes – Standard accounts and Professional accounts.
Swap-free – The Exness Islamic account – is available for Muslim countries
Exness Standard accounts.
Here we have the Exness Standard and Standard Cent accounts.
The standard cent account allows new traders to trade with micro-lots.
The minimum deposit for the standard accounts is $1
Exness Professional accounts.
Here we have Exness Raw Spread, Exness Zero, and Exness Pro accounts (Equivalent to ECN accounts).
The minimum deposit for the professional accounts is $500
These accounts have zero and super-low spreads, suiting the needs of experienced day traders, scalpers, and Algo traders.
| Raw Spread | Zero | Pro | |
| Low raw spreads and a low fixed commission. | 0 spreads for 95% of the trading day on 30 pairs. | Instant execution. Excellent fill with no trading commission | |
| Exness Minimum deposit | 500 USD | 500 USD | 500 USD |
| Leverage up to | 1:Unlimited* | 1:Unlimited* | 1:Unlimited* |
| Spread from | 0.0 | 0.0 | 0.1 |
| Commission per lot/ side | Up to 3.5 USD | From 3.5 USD | No trading commission |
Exness Leverage*
| Leverage | Applies when Equity (Account balance) is; |
| 1:Unlimited | Less than 1000 USD |
| 1:2000 | Less than 3,000 USD |
| 1:1888 | Less than 3,000 USD |
| 1:1000 | Less than 10,000 USD |
| 1:888 | Less than 10,000 USD |
| 1:800 | Less than 10,000 USD |
| 1:600 | Less than 20,000 USD |
| 1:400 | Less than 50,000 USD |
| 1:200 | Less than 200,000 USD |
| 1:100 | Less or more than 200,000 USD |
| 1:88 | Less or more than 200,000 USD |
| 1:50 | Less or more than 200,000 USD |
| 1:20 | Less or more than 200,000 USD |
| 1:10 | Less or more than 200,000 USD |
| 1:2 | Less or more than 200,000 USD |
Exness broker registration – How to Open an Exness real account
Exness sign up is easy. There are three main steps.
- Open the account
- Verify the account (Documents you need to verify an Exness real account)
- Deposit and trade.
Want a forex broker without verification?
Register with Exness and deposit up to $2000 without verification. If you verify your identity with you can deposit up to $50,000.
To get full account privileges, you will need to verify your residence address.
Exness deposit and withdrawal methods
Exness payment methods are diverse and local, including.
Online Bank Transfer, Bitcoin, VISA, Mastercard, Perfect Money, WebMoney, NETELLER, Skrill, Internal Transfer, Mobile Money, M-Pesa.
The Exness withdrawal terms and conditions aren’t complicated; you are free to withdraw your funds and profits at any time to the source of funding.
Exness leads the pack of forex brokers with its local funding methods.
In all countries that Exness is active in, it supports deposits and withdrawals in local currencies using the familiar local payment methods.
With the Exness to Exness transfer feature, you can send to or receive money from anyone with an Exness account.
Its withdrawals are also instant or near-instant.
Besides, there are zero Exness withdrawal fees
Exness Platforms
Whichever device you use, there is an Exness app for you. Our Exness review now explores the different trading tools and platforms that make trading with Exness a pleasure.
MetaTrader 4, MetaTrader 5, MT WebTrader, MT iPhone/iPad, MT Android, MT Mac
You can trade with Exness for pc with the Exness app for windows MT4, MT5, and the Webtrader.
For Mac, trade with Exness app for mac – MT Mac or install Wine or any other windows emulator on Mac to run Windows apps.
Exness Trading Instruments
Exness offers traders 107 currency pairs, 40 stocks and indices, 7 cryptocurrencies, and 12 metals and energies.
Exness trader education
Exness has a rich educational database for traders, both beginners, and advanced traders.
It breaks its trader education into three classes; essentials, development, and breakthrough.
Alongside the educational material on the site, Exness offers regular webinars that cover different aspects of trading.
Plus, Exness has a lineup of experienced traders and analysts who provide live trading commentary during key fundamental events or release of critical economic data likely to affect prices.
Exness Market Analysis and trade signals
Exness provides round the clock market analysis and trade signals through its proprietary trading app.
Exness Support
Exness provides 24/7 support through several channels.
- Exness help center on the website has answers to most questions about Exness.
- Exness live chat provided in 15 languages.
- Exness email support through [email protected]
Exness social trading an innovative service that allows anyone with the Exness copy trade software to copy experienced traders.
If you are interested in copy trading, check out our review of the Exness copy trading service in this guide to copy trading.
Countries that Exness Accepts
Exness accepts traders who are citizens from any of these countries.
China, India, Indonesia, Pakistan, Brazil, Nigeria, Bangladesh, Russia, Mexico, Japan, Philippines, Egypt, Vietnam, DR Congo, Turkey, Thailand, Tanzania, South Africa, Myanmar, Kenya, South Korea, Colombia, Uganda, Argentina, Algeria, Sudan, Ukraine, Afghanistan, Morocco, Saudi Arabia, Uzbekistan, Peru, Angola, Malaysia, Mozambique, Ghana, Nepal, Venezuela, Madagascar, Cameroon, Côte d’Ivoire, Niger,
Sri Lanka, Burkina Faso, Mali, Malawi, Chile, Kazakhstan, Zambia, Guatemala, Ecuador, Senegal, Cambodia, Chad, Zimbabwe, Guinea, Rwanda, Benin, Burundi, Tunisia, Bolivia, Haiti, Cuba, Dominican Republic, Jordan, Azerbaijan, Honduras, United Arab Emirates, Tajikistan, Belarus, Papua New Guinea, Serbia, Togo, Sierra Leone, Laos, Paraguay, Libya, Lebanon, Nicaragua, Kyrgyzstan, El Salvador,
Turkmenistan, Singapore, Congo, Oman, Costa Rica, Liberia, Central African Republic, Mauritania, Panama, Kuwait, Croatia, Moldova, Georgia, Eritrea, Uruguay, Mongolia, Armenia, Jamaica, Qatar, Albania, Namibia, Gambia, Botswana, Gabon, Lesotho, North Macedonia, Guinea-Bissau, Bahrain,
Equatorial Guinea, Trinidad and Tobago, Estonia, Timor-Leste, Mauritius, Cyprus, Eswatini, Djibouti, Fiji, Comoros, Guyana, Bhutan, Solomon Islands, Montenegro, Suriname, Cabo Verde, Micronesia, Maldives, Malta, Brunei, Belize, Bahamas, Barbados, Sao Tome & Principe, Samoa, Saint Lucia, Kiribati, Grenada,
St. Vincent & Grenadines, Tonga, Seychelles, Antigua and Barbuda, Dominica, Marshall Islands, Saint Kitts & Nevis, San Marino, Palau, Tuvalu, Nauru.
If you are a national (citizen or resident) in Countries Exness does not accept, I recommend XM as the best Exness alternative broker.
Is Exness a Scam broker? Is Exness Legit?
We get a variety of queries whether Exness is a scam or if Exness is a legit broker.
Yes, Exness is a legit broker; it is not a scam broker.
Exness is regulated in three jurisdictions – UK, Europe, and Seychelles.
If you join Exness, rest assured that your money is safe.
Exness pros and cons
| Exness Pros | Exness Cons |
| Super tight spreads | Sometimes the live support staff feel like robots |
| Multiple withdraw and deposit methods | No Exness deposit bonus or welcome bonus |
| Instant and automated Withdrawals and deposits 24/7 | It does not accept US citizens and residents |
| Negative balance protection | |
| Regulated broker | |
| Funding in local currency | |
| Exness to Exness Transfers | |
| Good educational program |
Wrapup on Exness forex broker review
The aim of this Exness review, on one part, was to show you what to expect when you open an Exness real account.
On the other part is to give clear answers to questions anyone contemplating to sign up with Exness
- Is Exness is a good broker
- Is Exness is fake
- Is Exness is legit
- Is Exness a scam broker
- Is Exness is regulated or not
Being regulated in three jurisdictions is a testament of the legitimacy of Exness.
From my experience trading with Exness, I recommend it. As matter of fact Exness is one of my best forex brokers. You get the best spreads, flexible and super-fast withdrawals 24/7.
Pls i am a young lady in Ghana and have been practicing with demo accounts for sometime now. I feel ready to get a real account but when I go to the deposit options as at October 2021 mobile money option isn’t available. Pls have they stopped using mobile money for deposit and withdrawal?