Exness Review

Exness forex broker is a major player in the online forex industry having multiple subsidiary companies regulated by CySec and FCA (UK). The company was founded in 2008 and has been recognized as one of the fastest growing forex brokerages.

Exness offers 4  types of trading accounts: Cent, Mini, Classic and ECN. There is no minimum deposit requirement for Mini accounts while Classic accounts require a minimum deposit of $2000 whereas ECN accounts can be opened for just $300. Traders can choose a leverage of up to 1:Unlimited (Cent, Mini, Classic accounts) and up to 1:200 (ECN accounts). Commissions are charged only on ECN accounts with a fee of $25 per million (for example, for a “Buy 1 lot EURUSD”, given a EURUSD exchange rate of 1.05079, the commission for the transaction (round-turn) would be: 2 х (25 х 105 079 / 1 000 000) = 5.25 USD). Exness offers competitive spreads overall, with mini and classic accounts having a spread from 0.1.

Traders can choose either the MT4 or MT5 (MetaTrader5 currently for demo trading only) trading platforms as well as smartphone and web trader apps. Clients who wish to trade using a forex VPS service can also avail this feature with Exness.

Exness also provides an exclusive metal-currency accounts which is a relatively new feature to the forex world. Metal currency accounts come in Gold, Silver, Platinum, Palladium as well as mix of the above. This special type of account is to be used both as an investment and for trading.

Exness account types:

Traders can deposit funds with forex broker Exness  using a wide choice of methods which includes eWallets, bank wires, credit/debit cards. For most part, there is a minimum deposit of $1 for eWallets and $10 minimum deposit requirement for Wire transfers. Exness  accept also these Payment Methods: WebMoney, Skrill, CASHU, Perfect Money, Neteller. Payment systems may vary depending on the client’s’ region. Deposits and withdrawals may be made 24 hrs a day, 7 days a week. If a deposit or withdrawal is not carried out instantly, it will be completed within 24 hours.