Exness Review 2020: A Must Read Before You Trade With Exness

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Founded in 2008, the Exness Group (Exness) maintains two entities with regulatory status in the European Union (EU): Exness UK Ltd, regulated by the Financial Conduct Authority (FCA) in the United Kingdom (UK), and Exness (Cy) Ltd, regulated by the Cyprus Securities and Exchange Commission (CySEC), with passports throughout several EU member states.

Exness offers the popular suite of trading platforms developed by MetaQuotes Software Corporation, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The broker provides multiple account types and access to 104 forex pairs and eight metals contracts.

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Is Exness Safe?

Exness is considered average-risk, with an overall Trust Score of 73 out of 99. Exness is not publicly traded and does not operate a bank. Exness is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). Exness is authorised by the following tier-1 regulator: Financial Conduct Authority (FCA) Learn more about Trust Score.

Regulations Comparison

FeatureExness
Year Founded2008
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses1
Tier-2 Licenses1
Tier-3 Licenses0
Trust Score73

Offering of Investments

The following table summarizes the different investment products available to Exness clients.

FeatureExness
Forex: Spot TradingYes
Currency Pairs (Total Forex pairs)104
CFDs – Total Offered112
Social Trading / Copy-TradingNo
Cryptocurrency traded as actualNo
Cryptocurrency traded as CFDNo

Commissions & Fees

Exness offers several account types and execution methods where the commissions and fees vary. In the Classic MT4 account a minimum deposit of $2000 is required, and the spreads are slightly lower than in the Mini account.

Exness lists an average spread of 0.9 pips for the Classic account.

Exness account comparison
FeatureExness
Minimum Initial Deposit$1.00
Average Spread EUR/USD – Standard0.9 (as of May 19)
All-in Cost EUR/USD – ActiveN/A
Active Trader or VIP DiscountsNo

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Research

Exness offers research mainly in the form of third party content, including headlines from Dow Jones News within the trading platforms, and content from Trading Central, including Trading Central WebTV, which has daily video content.

Exness research Trading Central TV

Exness also offers the TC.TechnicalAnalysis Trading Indicator from Trading Central, and an economic calendar. The broker lacks in-house content, and the last post in its Analytics section had not been updated since early January 2018. Although Exness’s range of third party research is satisfactory, it could improve its in-house research offering significantly.

FeatureExness
Daily Market CommentaryNo
Forex News (Top-Tier Sources)Yes
Weekly WebinarsNo
AutoChartistNo
Trading Central (Recognia)Yes
Delkos ResearchNo
Social Sentiment – Currency PairsNo
Economic CalendarYes

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Platforms & Tools

Exness is a MetaTrader-only broker, offering the suite of platforms from MetaQuotes Software Corporation, including the MT4 and MT5 platforms. To learn more about this suite, read our MetaTrader guide.

MetaTrader4 Desktop Forex Brokers

While MT4 and MT5 come standard, with little variation in functionality from broker to broker, there can be significant differences in how the platform is set up for trading spreads and commissions, execution, and other tools, features, and administrative areas.

Besides spreads, the range of instruments, and account types, here is a summary of the differences in features between Exness’s MetaTrader offering and the default MetaTrader experience:

  • News headlines stream from Dow Jones News

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