The broker’s diverse account types, including options with no commission and lower minimum deposit requirements, make it easier for beginners to start trading with manageable costs. Overall, Exness combines user-friendly technology, educational support, and flexible account options, making it an excellent choice for those just starting their trading journey. Exness is an ideal broker for both novice and seasoned traders, offering a wide range of trading instruments and advanced features.
Social Trading
Exness offers five major account types, including two Standard and three Professional accounts. The account opening process is fully digital and can be completed via the website in less than 10 minutes. Exness shines in tradable instruments with a wide range of currency pairs, commodities, indices, shares, and cryptocurrencies.
All account types use market execution, except for the Pro account which offers both instant and market execution methods. Exness enriches its trading platform with a diverse range of unique tools and features designed to empower traders and elevate their decision-making processes. These resources provide invaluable insights into market trends, trading behaviors, and instrument-specific details. One prominent feature is the real-time push notifications that traders receive directly to their devices, ensuring they stay informed about market movements, price alerts, and potential trading opportunities. Exness’ Standard account spreads vary, with some being quite tight and others being less so.
Overall, Exness has made slow but steady progress in innovating its Exness Trade app and Social Trading app, bringing several useful features and touches to the trading experience. Still, the Exness Trade mobile app has a way to go to catch up to the best brokers for mobile trading. Exness operates as a regulated broker, ensuring a safe trading environment. The broker’s commitment to fraud prevention and fund security underscores its dedication to trader protection.
Tech professionals
While Exness is a Trusted Broker, its retail clients are onboarded to less strict jurisdictions where certain business practices could be easier to carry out in a more lax regulatory environment. Still, I am glad to see Exness continue to acquire new licenses across the globe, adding to its Trust Score. Overall, I found the research content to possess good production quality. However, adding more videos and research articles will help boost Exness’s rating in this category as it otherxcritical lags behind the best brokers for research. For example, the Exness Blog isn’t updated as frequently as brokers that produce dozens of daily content pieces.
Instant withdrawals
Retail customers are assigned to entities regulated offshore, offering limited account protection. Exness ensures client fund segregation, offers negative balance protection, and provides access to a compensation scheme as a member of the Financial Commission. This flexibility supports both new traders looking for simpler fee structures and experienced traders seeking advanced trading conditions. However, traders should be mindful of fees set by their payment providers. Exness offers various account options that suit the needs of multiple trading strategies and experience levels.
The intuitive Terminal platform, round-the-clock support, and micro-lot trading make Exness an appealing choice for beginners. Exness offers a very strong selection in forex, commodities, indices, and cryptocurrencies, affording clients opportunities with a greater variety of markets at their fingertips. CFDs on shares are relatively limited, and I would like to see more global exchanges added to the mix. The Exness Terminal platform offers standard order types like market orders, limit orders, and stop-loss orders.
We prioritize our clients, making sure all our innovations are influenced by our desire to give them the best trading experience possible. For desktop trading, Exness supports the widely acclaimed MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms are renowned for their extensive charting tools, technical indicators, and capabilities for algorithmic trading.
Use our country selector tool to view available brokers in your country. Delay and sometimes completely avoid stop outs while trading with Exness. Manage your account and get the support you need with just a few clicks.
Exness dates back to 2008, marking it as a highly experienced CFD broker with a lengthy operating history. According to the broker’s LinkedIn page, the company has 1,001-5,000 employees, reflecting a large brokerage firm. In our tests for xcritical the Trust category, we also cover factors relating to stability and financial strength. Here, we evaluate the broker’s longevity in the industry, the company’s size, and its transparency. I performed my tests with a Standard Account, using the Exness Terminal platform.
Locations available to open a live trading account include Malaysia, Zimbabwe, Zambia, Kuwait, Kenya, Japan, Uganda, Vietnam, Thailand, Nigeria, Pakistan, Indonesia, and more. Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker.
- However, if you are looking to trade a product that Exness doesn’t offer you will of course need to use a different broker.
- You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets.
- These resources provide invaluable insights into market trends, trading behaviors, and instrument-specific details.
- Whether you are a novice looking to test strategies with smaller volumes or an experienced trader seeking ultra-low spreads, Exness provides a range of options to enhance your trading experience.
I encountered the largest range of tradable currency pairs of any broker I have tested. It also minimizes account-related fees and provides raw spreads through its professional account types. Typically, the minimum trade size is 0.01 lot and the maximum trade size is 200 lots with unlimited leverage, though they vary between instrument and market. Additional account types are xcritical scam also available, including an Islamic account with no swap or rollover charges. Exness offers comprehensive education and additional training tools, designed for global traders of all experience levels and abilities. Tools include YouTube video content, VPS hosting, profit/margin calculator, economic calendar, live streaming news, and market history.
However, the platform has its limitations – for instance, it does not xcritically allow for the creation of custom watchlists, lacks advanced order types, and offers limited customization of the layout. Using watchlists in the Terminal platform, traders can view lists of instruments broken down by asset class and other useful lists like top movers and popular instruments. I tested the spreads at Exness across various markets during the London open and after the New York open. At these times, the market is typically highly liquid with the tightest spreads.