Exness Review 2024: Is it a Good Broker?
This Trading Platform is available in Ukraine
Exness, as seen through the lens of user reviews on platforms like Trustpilot and Sitejabber, generally receives praise for its user-friendly platform and responsive customer service. Traders appreciate the ease of account setup and the variety of available trading instruments.
The broker is often commended for its quick withdrawal process, which users find reliable and efficient. However, some traders have expressed concerns over spreads and commission structures that they perceive to be higher than industry standards.
A few reviewers also mentioned occasional difficulties with account verification or platform stability issues. Overall, while Exness garners positive feedback for its services, it's clear that there are areas where certain users feel improvements could be made.
* The amount that will be credited to the account in the case of a successful deal
* General Risk Warning: Your capital might be at risk
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Jinia Shawdagor
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Hannah Jones
- 7 min read
I’ve been using Exness for my Forex trading for a few months now, and so far, I have been really impressed with the platform. Not only is it easy to use, but the spreads are tight, and the execution is lightning fast. It was a challenge finding a forex broker with a good reputation that met my needs.
If you are an avid trader, you know that most brokers in this space are shady. After a lot of research and reading reviews, I decided to go with Exness, and I was not disappointed. When it comes to customer service, Exness is one of the best. You will easily find help with any questions that you have, no matter how small.
One trader on topbrokers.com reviewed Exness mentioning that “trades were always available.” According to the trader’s remarks: “First, I traded with my arms. Now I have installed a robot. It runs very well on UST. I’m very pleased with the withdrawal as well. I get my funds out quickly.”
The real selling point for me, though, was the fact that they are the official partner of Real Madrid. The fact that the broker earned a stamp of approval from such a renowned company gave me reassurance that they are a credible and trustworthy company.
All in all, I am very happy with Exness and would highly recommend them as a forex broker. If you are looking for a reliable, trustworthy broker that will help you get the most out of your trading experience, then here is a detailed review of their platform to help you get started.
What is Exness?
For the uninitiated, Exness is a forex broker that provides a range of services to its clients. They offer more than 120 currency pairs, as well as precious metals and indices, making them one of the most extensive brokers in the market.
Launched in 2008, Exness has become a leader in the forex industry thanks to its tight spreads, fast execution, and reliable customer service team. They also have an impressive array of trading tools and platforms that allows traders of all levels to take full advantage when investing.
They offer the MetaTrader 4 (MT4) platform across desktop, mobile, and web versions, as well as a wide variety of other tools such as MetaTrader5, MultiTerminal, Autochartist, and Trading Central. In addition to these features, Exness also provides its clients with a range of bonuses and rewards.
They even have an official partnership with Real Madrid to show their commitment to providing a quality Forex trading service that has earned them industry awards such as the Best Global Forex Customer Service 2019 and the Most Trusted Global Broker.
Exness also offers great spreads, ranging from 0.1-0.2 pips on major currency pairs. Moreover, Exness is regulated by the Financial Conduct Authority (FSA) of the UK and is a member of the Investor Compensation Fund.
This means that your funds are secure and insured against any unexpected losses should the broker default. They are also regulated by Cyprus Securities and Exchange Commission.
How does Exness work?
Exness operates on an STP (Straight-Through Processing) system, which means that your trades are executed directly from the liquidity pool without any brokers. This allows for faster execution of orders and better spreads than other brokers.
The platform is easy to navigate, with an intuitive interface that makes it simple for beginners to get started. You can access the trading platform from any web browser, with both desktop and mobile versions available.
Exness also offers a range of educational resources to help its clients get up to speed with the forex markets. They offer free eBooks, tutorials, webinars, and live seminars so you can stay informed and make more informed trading decisions.
Commissions and fees
Exness does not charge any commission for forex trades. However, they do charge a spread of 0.1-0.3 pips — one of the lowest in the industry.
In addition to this, they also charge an overnight rollover fee if you choose to hold a leveraged position open overnight. This fee varies depending on the currency pair, but is generally between -0.3% and -1%. Exness has no management fees, and anyone can open an account for free.
However, there is a minimum deposit requirement ranging from $10 to $200 based on the account you open. This is similar to platforms such as Tradeo that requires the same minimum deposit.
Banking and payment options
Exness offers a wide range of payment options for its clients, including all major credit and debit cards, Skrill, Neteller, bank wire transfers, and more.
Deposits are generally instant with most methods, while withdrawals can take up to 1-3 business days depending on the payment method.
Do they offer an asset index?
You’ll be happy to hear that Exness offers a wide range of financial instruments that you can trade. These include over 120 currency pairs, as well as precious metals and indices. With such an extensive asset index, traders can find the currency pair or instrument that best suits their trading strategy.
Exness customer support
As mentioned earlier, Exness has an experienced customer support team that is available 24/7 to answer any queries you may have. You can reach out to them through email, live chat, or telephone. Customer service responsiveness is a key factor when selecting a broker. With regards to Exness customer support, Anton Kharitonov (a financial expert at Traders Union) commented:
“Exness is known for its high quality services […] Traders working with this broker note a high level of technical support which contributes to Exnesses’ good customer support results.”
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