Exness Review - β 100% Legit Broker May 2024
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Exness is a reputable forex and CFD broker established in 2008 which offers multiple account types for different types of traders with over 109 forex pairs and 100 trading instruments.
Currently, Exness is licensed by 6 regulators: FSA (Japan), FCA (UK), CySEC (Cyprus), FSCA (South Africa), FSC (Belize) and FSC (Mauritius).
Zero Spreads Account for High Volume Traders
Deal
Expires
N/A
Use our link to sign up for Exness, then make sure you choose the "Zero" account which has zero spreads and very low commissions from 0.20
Deal Activated, no coupon code required!
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Coupon Detail
Zero Spreads Account for High Volume Traders
Expires: N/A
Submitted: 4 days ago
Capped Commission for Large Passive Traders
Deal
Expires
N/A
Use our link to sign up for Exness, then make sure you choose the "Raw Spread" account which has a capped commission up to $3.50 and zero spreads.
Deal Activated, no coupon code required!
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Coupon Detail
Capped Commission for Large Passive Traders
Expires: N/A
Submitted: 11 days ago
Platforms
You can trade with Exness using the following platforms:
- Exness Trade app
- Exness Terminal
- MetaTrader 5
- MetaTrader 4
- MetaTrader WebTerminal
- MetaTrader mobile
Account Mode
At the start of registration, you can choose to play around in Demo mode or go for Real trading.
Account Types
You can choose from the four different account types:
- Standard
- Pro
- Raw Spread
- Zero
| Feature | Standard | Pro | Raw spread | Zero |
| Minimum initial deposit | 1 USD | 1000 USD | 1000 USD | 1000 USD |
| Spread | From 0.20 | From 0.10 | From 0.00 | From 0.00 |
| Commission | No commission | No commission | To 3.50 | From 0.20 |
There are a few factors to consider when deciding which type of forex account at Exness is best for your trading needs regarding capped vs uncapped commissions:
- Trading Style and Frequency - If you are an active trader making frequent trades, the Zero account with a per trade commission starting from $0.20 would likely be cheaper overall than paying a $3.50 capped commission. However, if you are more of a passive investor making occasional larger position trades, the Raw spread account with capped commission could end up costing less.
- Pairs Traded - Some forex brokers charge varying commission rates depending on the currency pairs traded. So the amount of commissions paid can vary based on your typical pairs.
- Spread Markups - Many $0 commission accounts make up for it with wider spreads or larger markup over the interbank spread. So consider the total costs - commissions + spreads/markup.
- Deposit Amounts - Smaller sized accounts may benefit more from a capped commission so costs remain predictable. Larger accounts can take more advantage of low uncapped commissions.
- Promotions - Some $0 commission accounts run frequent promotions rewarding active traders. This could significantly lower net costs. Read terms and conditions carefully.
In general, high volume active traders are often better off with an uncapped per trade commission account structure, while more passive traders may find a capped commission setup helps to contain costs. But run the math on expected typical activity to determine total projected costs you pay in commission and spreads.
Dashboard
Transaction History
If you want to download your transaction history with Exness, just go to Personal Area->Transaction History.
Start by selecting the period:
- Last 3 days
- Lsat 7 days
- Last 30 days
- Last 3 months
- Custom date
Optionally, youcan filter by the following transaction types:
- Deposit
- Withdrawal
- Transfer
- Refund
- Reward
- Rebate
Or by statuses:
- Processing
- Done
- Rejected
Finally, you can select which accounts you want to get the transaction history for.
One of the great features is the ability to create strategies that other people can follow. They can copy your trades and you get a commission for that.
You must adhere to the following criteria in order for your Strategy to be available in the app:
- Your account must be fully verified
- You must have at least 10 closed trades
- Last trading activity must be within the last 7 days (including weekends)
- Your Strategy must be active for at least 30 days
Since Exness has many users (25 million visits per month), you can earn a decent amount of passive income with creating strategies that other people can copy.
Virtual Private Server
On you're balance is $1000, you get access to a free VPS which allows you to run automated trading strategies and reliable execution, which is a great perk. Who doesn't like free stuff with no strings attached?
Minimum Deposit
The minimum deposit for Exness depends on the type of account: Standard, Pro, Raw Spread and Zero.
The Standard account has a minimum deposit of $1, while all other accounts you need to deposit at least $1000 to get started.
Deposit Options
Exness has tons of deposit options available: Crypto, Neteller, Online Banking Payment, Skrill, Local Banking and Cashier/ATM.
The local banking options are depended on your location so I'm sure you will be familiar with them.
Withdrawal Methods
You can withdraw your funds with zero fees using nine different methods:
- Online banking payments
- Tether (USDT TRC20)
- Tether (USDT ERC20)
- Bitcoin (BTC)
- USD Coin (USDC ERC20)
- USD Coin (USDC TRC20)
- Neteller
- Skrill
- Wire Transfer
All crypto withdrawals plus Skrill and Neteller are usually instant , up to a day while Online banking payment and Wire can take up to 2 days.
Transfer Between Accounts
You may also choose to transfer funds between your accounts or to another user:
Exness Details
| Primary Category | CFD Trading |
| Secondary Category | Forex |
| Website | https://www.exness.com/ |
| Affiliate Program | Available |
| Monthly visits | 25800K |
Screenshot of Exness
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