Exness is a top forex broker with a big following. It offers a wide range of assets like Forex, Crypto, Metals, and Energies. This exness review looks into what the broker offers, its rules, and if it’s trustworthy.
By September 2023, Exness had traded over $4.5 trillion. This makes it a big name in the forex world. It has different accounts for traders, making sure everyone gets a good experience.
In this detailed exness forex broker review, we’ll check out the broker’s rules, account types, and trading conditions. We’ll also look at the instruments, platforms, fees, and more. By the end, you’ll know if Exness is a trusted forex broker and if it fits your trading needs.
Key Takeaways
- Exness is a well-established forex broker with a global presence and a wide range of tradable assets.
- The broker is regulated by multiple respected authorities, ensuring a secure trading environment.
- Exness offers five different account types to cater to the diverse needs of traders.
- With competitive spreads and no inactivity or account fees, Exness provides cost-effective trading opportunities.
- The broker’s advanced trading platforms and tools facilitate seamless trading experiences for both beginners and experienced traders.
Is Exness Legal in Nepal
Yes, Exness is legal and regulated in Nepal. They have licenses from the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC). These licenses mean Exness follows strict rules and keeps client information safe and secure.
To start trading with Exness in Nepal, simply click the button below to sign up for an account:
Choosing Exness means you’re with a trusted and compliant broker. They offer a wide range of trading options, competitive conditions, and strong customer support. Exness is a great choice for both new and experienced traders in Nepal.
Overview of Exness
Exness is a top forex broker for both new and experienced traders. It offers many trading tools and advanced features. Founded in 2008, Exness is known for its easy-to-use platforms and wide range of trading options. It serves traders globally from its base in Seychelles.
The broker’s platform is easy to use, and its spreads are competitive. Exness doesn’t charge commission fees, adding value for traders. It also has strong regulation and security, making it a safe place to trade.
| Exness Pros | Exness Cons |
|---|---|
| User-friendly trading platforms (MT4 and MT5) | Limited variety of cryptocurrencies |
| Competitive spreads and no commission fees | Charts could be more visually appealing |
| Robust regulation and security measures | VPS service may not meet expectations |
| Offers negative balance protection | Limited educational resources compared to some competitors |
| Easy deposits and withdrawals | No US clients accepted |
Exness has won many awards for its great service and trustworthiness. It works under the Financial Services Authority (FSA) of Seychelles and the Cyprus Securities and Exchange Commission (CySEC). This ensures it follows industry standards and keeps client funds safe.
Exness offers a wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies, catering to the diverse needs of both beginners and professional traders.
The broker uses popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms have advanced charting tools and automated trading features. The Exness trading app lets users check market prices, trade, and learn on the move.
Exness has various account types, like Standard, Pro, and ECN Accounts. This meets different trading needs and levels of experience. Its focus on a safe and easy trading environment makes it a great choice for traders around the world.
Exness Regulation and Security
Exness is a regulated broker, ensuring a safe trading space. It follows strict rules to prevent fraud and protect funds. Authorities like FSA, CySEC, FCA, and FSCA oversee it, boosting its credibility and safety for traders.
Customers highly rate Exness, giving it a 4.5 for regulations and trust. This shows they trust Exness to keep their trading environment secure and transparent.
Fraud Prevention Measures
Exness uses advanced tech to watch for suspicious activities. It also uses multi-factor authentication to protect client accounts. The broker follows strict AML and KYC rules to check client identities and stop fraud. These steps show Exness’ strong commitment to fraud prevention and a safe trading space.
Client Fund Protection
Exness keeps client funds in separate accounts, away from its own money. This makes sure clients’ money is safe and can’t be used for other things. Plus, Exness’ oversight by top authorities adds to the safety of client funds.
Regulatory Compliance
Exness follows rules from respected authorities, including:
- Cyprus Securities and Exchange Commission (CySEC)
- Financial Conduct Authority (FCA)
- Financial Services Authority (FSA) of Seychelles
- Financial Sector Conduct Authority (FSCA) of South Africa
- Financial Services Commission (FSC) of Mauritius
By following these rules, Exness shows it’s committed to being transparent and ethical. This creates a secure space for traders to invest in financial markets.
“Exness’ strong regulatory framework and dedication to client fund protection instill confidence in traders, knowing that their investments are in safe hands.”
In summary, Exness’ strong regulation, security, fraud prevention, fund protection, and compliance make it a trusted broker. It offers a secure trading experience for traders.
Account Types and Trading Conditions
Exness offers five different account types for traders. Each type has its own trading conditions. This lets traders pick the best account for their level and style.
Standard Cent Account
The Standard Cent account is perfect for new traders. It lets you start with small amounts. This makes it safe for beginners to learn and grow.
It has stable spreads and no commission fees. This makes it great for those new to trading.
Standard Account
The Standard account is for both new and experienced traders. It has no minimum deposit and offers over 120 trading instruments. The spreads are stable.
This account is simple, has no commission fees, and offers flexible leverage. It’s a favorite among many traders.
Pro Account
The Pro account is for seasoned traders. It offers advanced features and tight spreads. It’s ideal for those who have mastered trading.
Zero Account
The Zero account is great for expert advisors and traders of indices and cryptocurrencies. It has zero spreads on top instruments for most of the day. This is cost-effective for high-frequency traders.
It also has market execution for fast and accurate orders.
Raw Spread Account
The Raw Spread account is for experienced traders who want low costs and fast execution. It has ultra-low spreads and a fixed commission per lot. It’s perfect for advanced strategies.
| Account Type | Minimum Deposit | Spread | Commission | Leverage |
|---|---|---|---|---|
| Standard Cent | $1 | Fixed | No | 1:2000 |
| Standard | No minimum | From 0.3 pips | No | Up to 1:Unlimited |
| Pro | $200 | From 0.1 pips | No | Up to 1:Unlimited |
| Zero | $200 | 0 pips* | Yes | Up to 1:Unlimited |
| Raw Spread | $200 | From 0 pips | $3.50 per lot | Up to 1:Unlimited |
*Zero spreads available on top instruments for 95% of the trading day.
Exness offers many account types and trading conditions. This lets traders find the best fit for their needs. Whether you’re starting out or are an experienced trader, Exness has something for you.
Tradable Instruments at Exness
Exness offers a wide range of tradable instruments for different traders. They have over 90 forex pairs, including major, minor, and exotic currency pairs. This gives traders a big selection to fit their strategies. They also have 10 cryptocurrencies, letting traders trade without owning the assets.
But there’s more than just forex and cryptocurrencies. Traders can also trade commodities like metals and energies. This helps diversify their portfolios and keep up with market changes. Exness also offers indices and stocks, letting traders speculate on global markets and company prices.
| Instrument Category | Examples |
|---|---|
| Forex Pairs | EUR/USD, GBP/USD, USD/JPY, AUD/USD |
| Cryptocurrencies | BTC/USD, ETH/USD, LTC/USD, XRP/USD |
| Commodities | Gold, Silver, Oil, Natural Gas |
| Indices | S&P 500, NASDAQ 100, FTSE 100, DAX 30 |
| Stocks | Apple, Amazon, Google, Microsoft |
Exness offers a wide range of instruments for traders. This lets them use different strategies, from quick scalping to long-term trading. Whether you’re into forex, cryptocurrencies, commodities, indices, or stocks, Exness has what you need.
With Exness, I can trade a wide range of instruments, from forex to cryptocurrencies, all in one place. The diversity of options allows me to adapt my trading strategies to different market conditions and optimize my portfolio.
Exness Trading Platforms
Exness offers a wide range of trading platforms for its clients. You can choose from MetaTrader or web-based trading. Exness has something for everyone.
MetaTrader 4 (MT4) and MetaTrader 5 (MT5)
Exness supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for desktop trading. These platforms are known for their advanced tools and ability to automate trading. They are great for both experienced traders and those who want to automate their strategies.
Exness Terminal Web Platform
For those who prefer web-based trading, Exness has the Exness Terminal web platform. It’s easy to use and doesn’t require any software download. This means you can trade from anywhere with an internet connection.
Mobile Trading Apps
Exness knows how important mobile trading is today. They offer mobile apps for MT4, MT5, and their own platform on Android and iOS. These apps let you trade and monitor markets on the go, so you never miss a chance.
With Exness’ diverse range of trading platforms, traders can choose the one that best suits their trading style and preferences, whether it’s the advanced features of MetaTrader, the convenience of web-based trading, or the flexibility of mobile trading apps.
| Platform | Key Features |
|---|---|
| MetaTrader 4 (MT4) | Advanced charting, customizable indicators, algorithmic trading |
| MetaTrader 5 (MT5) | Advanced charting, customizable indicators, algorithmic trading, additional features |
| Exness Terminal Web Platform | Web-based trading, no software download required |
| Mobile Trading Apps | Available for MT4, MT5, and Exness Terminal on Android and iOS devices |
Commissions and Fees
Exness is known for its clear and fair fees. It has a rating of 7.5/10 for Commissions & Fees from ForexBrokers.com. The broker aims to keep trading costs low, with no hidden fees.
Trading with Exness starts at just $10, making it easy for new traders. The Standard account has an average EUR/USD spread of 1.0 pips. The Pro account offers even better spreads, starting at 0.6 pips.
Exness charges $7.00 per round lot for forex commissions. Raw spreads start at 0.0 pips. Equity traders pay fees based on the asset, with the Pro account having the lowest fees.
Exness trading fees include spreads, commissions, and swap rates. These fees depend on the asset class. Swap rates can triple on Wednesdays for weekend positions. Currency conversion fees apply when the quote and account currencies differ.
Exness stands out by not charging deposit, withdrawal, or inactivity fees. It supports many deposit currencies without fees. There are no internal withdrawal fees, but currency conversion fees may apply.
| Account Type | Average EUR/USD Spread | Commissions |
|---|---|---|
| Standard | 1.0 pips or $10.00 per 1.0 round lot | N/A |
| Pro | 0.6 pips or $6.00 per 1.0 round lot | $7.00 per round lot |
Exness is regulated by six authorities and is a member of the Financial Commission. It offers a compensation fund up to €20,000. This shows Exness’s commitment to fairness and trust, earning it a Trust Score of 81 from BrokerNotes.
Exness is committed to providing traders with a cost-effective and transparent trading environment, with competitive spreads, reasonable commissions, and no hidden fees.
Deposit and Withdrawal Methods
Exness offers many ways to deposit and withdraw funds, meeting the needs of traders worldwide. You can use cryptocurrencies, credit/debit cards, and e-wallets. There are no fees for deposits or withdrawals, so you can trade without extra costs.
Cryptocurrencies
Exness lets traders use digital currencies for deposits. This makes it easy to start trading quickly. It’s perfect for those who like new payment methods.
Credit/Debit Cards
For those who like traditional ways, Exness accepts credit and debit cards. You can fund your account fast, ready to trade. Your financial info is safe with our strong security.
E-wallets
E-wallets like Skrill are fast and secure for deposits and withdrawals. They add extra security and ease. Exness supports popular e-wallets for a reliable funding option.
Exness also offers bank wire transfers for deposits and withdrawals. This method is secure but takes longer. It’s good for those who prefer traditional banking.
Remember, while Exness doesn’t charge fees, your payment provider might. Knowing this helps you choose the best option for your needs.
| Deposit Method | Minimum Deposit | Processing Time |
|---|---|---|
| Cryptocurrencies | $10 | Instant |
| Credit/Debit Cards | $10 | Instant |
| E-wallets (e.g., Skrill) | $10 | Instant |
| Bank Wire Transfer | $10,000 | 3-5 business days |
Exness offers many deposit and withdrawal methods with low minimums and no fees. This helps traders manage their funds well and focus on trading. By adding more payment options, Exness shows it cares about its clients’ needs.
Unique Features of Exness
Exness is a top choice in the online forex broker world. It offers special features to make trading better for everyone. These include social trading, customizable leverage, and swap-free accounts. This meets the needs of traders at all levels.
Social Trading
Exness’s social trading lets you learn from top traders. With just $500, you can follow and copy their strategies. This is great for new traders to grow their knowledge and portfolio.
To become a strategy provider, you need $2,000. This way, you can share your skills and help others.
Customizable Leverage
Exness lets you pick your leverage level. This means you can manage your risk based on your trading style. Leverage options range from 1:2 to 1:Unlimited, depending on your account.
This feature helps you make smart decisions and adjust your strategy as needed.
Swap-Free Accounts
Exness has swap-free accounts for those who follow Sharia principles or want to avoid swap charges. These accounts don’t charge interest for overnight positions. This is perfect for traders who want to trade ethically or prefer it.
Exness offers two swap-free account types. One is for day traders, and the other for those who trade overnight. This way, everyone can find an account that fits their trading style and values.
| Feature | Description |
|---|---|
| Social Trading | Copy strategies from successful traders with a minimum investment of $500 |
| Customizable Leverage | Choose leverage from 1:2 to 1:Unlimited based on account type |
| Swap-Free Accounts | Islamic accounts that adhere to Sharia principles, avoiding swap charges |
| Two Levels of Swap-Free Status | Caters to both day traders and those holding overnight positions |
Exness shows its dedication to a full and welcoming trading space. It has features for social trading, customizable leverage, and swap-free accounts. No matter your interest, Exness has what you need to succeed in trading.
Customer Support and Education
Exness offers support through live chat, email, and phone. While they aim to help quickly, chat and email responses could be faster. The Exness help center is a great resource, answering common questions and helping traders use the platform better.
Exness provides exclusive content and trading analytics for Premier program members. This content is high quality and great for beginners. But, some users feel it sometimes gets too promotional, which can lessen its value.
For new traders not in the Premier program, the main Exness website and platform have limited educational resources. There are some basic guides and tutorials, but more materials would help beginners. Despite this, Exness is committed to improving its support and education for traders.
| Pros | Cons |
|---|---|
| Low minimum deposit requirements | Limited educational resources for beginners on main website |
| Wide range of tradable instruments | Room for improvement in customer support response times |
| Competitive spreads and leverage options | Some educational content appears promotional |
| Robust regulatory compliance | Average spread for EUR/USD on standard account not available |
| Advanced trading platforms and mobile apps | Social trading app only available for Android devices |
Exness Pros and Cons
Exness is a well-known forex broker with many trading services. It has both good and bad points. Let’s explore the advantages and drawbacks of Exness:
| Exness Strengths | Exness Weaknesses |
|---|---|
| Wide variety of account types to suit different trading needs, including Cent, Standard, Pro, Raw, Zero, and Social accounts | Limited range of tradable assets compared to some other brokers, with a focus mainly on forex pairs |
| Low minimum deposit of just $10 for Cent and Standard accounts, making it accessible for beginner traders | Higher minimum deposit requirements for Pro, Raw, Zero, and Social Pro accounts ($500 – $2,000) |
| Competitive spreads starting from 0.0 pips on Raw Spread accounts and 0.3 pips on Standard accounts | Commissions charged on Pro, Raw, Zero, and Social Pro accounts, which can add to trading costs |
| Fast execution speeds with 70+ MetaTrader servers worldwide | Educational resources and research tools are somewhat limited compared to leading brokers |
| Customizable leverage options up to 1:unlimited, allowing flexibility based on trading style and risk tolerance | High leverage can amplify risks for inexperienced traders |
| Swap-free accounts available for major forex pairs, cryptos, indices, and gold | No US clients accepted due to regulatory restrictions |
Exness has some great points like low deposits, tight spreads, and flexible leverage. But, it also has some downsides like fewer assets, commissions on some accounts, and no US clients.
Despite its strengths and weaknesses, Exness is a popular choice for many traders. It has strong regulation, protects against negative balances, and focuses on transparency. This makes it a secure place to trade.
The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy. – Martin Luther King, Jr.
Choosing a forex broker is a big decision. You need to think about what you need and what’s important to you. Look at the pros and cons of Exness to see if it fits your goals. Always remember to manage your risks and never invest more than you can afford to lose.
Is Exness Legal in Nepal?
Exness is a top forex broker that operates legally in Nepal. It offers services to traders in the country. Even though it’s not licensed by the Nepal Rastra Bank (NRB), Nepalese traders can use Exness through its offshore entities.
Exness is regulated in many places around the world. This includes CySEC, FCA, CMA, FSCA, FSA in Seychelles, CBCS, FSC (Mauritius), and FSC (BVI). These regulations protect traders’ funds and ensure a safe trading environment. Exness also offers negative balance protection, which prevents account balances from going below zero.
In Nepal, Exness works under the FSA. It offers leverage from 1:1 to Unlimited, depending on the account type and jurisdiction. This lets traders choose their risk level when trading forex in Nepal.
| Pros of Trading with Exness in Nepal | Cons of Trading with Exness in Nepal |
|---|---|
|
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Even though Exness isn’t officially licensed by the NRB, it’s a trusted broker for Nepalese traders. But, traders should know the risks of trading with an offshore broker. They should also understand Nepal’s laws and regulations under the Foreign Exchange Management Act (FEMA).
Exness has been around for 14 years and is a big name in global forex trading. It offers many trading products and platforms to clients worldwide.
To start trading with Exness in Nepal, just click the button below to sign up for an account:
If you have questions or concerns, Exness offers support through live chat, email, and phone. They also have many payment methods for deposits and withdrawals. This makes it easy for Nepalese traders to manage their funds.
How to Sign Up with Exness
Joining Exness is easy and quick. Just a few steps and you can start trading right away. Here’s how to sign up with Exness and register your account.
Account Registration Process
To start your Exness account, follow these steps:
- Go to the official Exness website and click “Sign Up.”
- Enter your personal details like name, email, and phone number.
- Choose a strong password for your account.
- Pick your account type (Standard Cent, Standard, Pro, Zero, or Raw Spread) based on your needs.
- Select your base currency from the options.
- Accept the terms and privacy policy.
- Click “Create Account” to submit your registration.
After registering, you’ll get a confirmation email. Click the verification link to activate your account.
Verification Requirements
Exness needs you to verify your account to protect your funds and follow regulations. Here’s what to do:
- Log in to your Exness Personal Area with your email and password.
- Go to “Verification” and click “Start Verification.”
- Upload a clear copy of your ID (passport, national ID, or driver’s license).
- Provide a proof of address document (utility bill, bank statement, or government-issued document) that’s not older than three months.
- Wait for the verification process to finish, which usually takes 1-3 business days.
After verification, you can deposit funds and start trading. The minimum deposit is $200 for Pro, Zero, and Raw Spread accounts.
With Exness, enjoy low spreads starting from 0.0 pips on Zero and Raw Spreads accounts. Also, get competitive trading fees of $3.5 per standard lot and instant withdrawals for 95% of requests.
To log in, visit the Exness login page and use your email and password. You can then manage your accounts, make deposits and withdrawals, and access trading tools and resources in your Exness Personal Area.
Sign up with Exness today for top trading conditions, advanced platforms, and great customer support!
Exness Review: Final Verdict
Exness is a top choice for traders around the world. It has over 80,000 active traders and started in 2008. This makes it a well-known name in the trading industry.
Exness offers many account types for all traders. You can start with spreads as low as 0.2 pips. There are over 200 trading options, including forex, CFDs, and more. This variety helps traders grow their portfolios.
The platform is easy to use, with MetaTrader 4 (MT4) and MetaTrader 5 (MT5). There’s also a web version and mobile apps. Traders can choose their leverage, from 1:2000 to unlimited. Swap-free accounts are also available for Islamic traders.
While Exness could improve its educational materials, it offers great customer support. The support team is ready to help with any questions.
Exness is serious about security and regulation. It has licenses from top authorities like FCA and CySEC. The broker also protects client funds, making it safe for traders to invest.
| Exness Pros | Exness Cons |
|---|---|
| Well-regulated by top-tier authorities | Limited educational resources |
| Competitive spreads starting from 0.2 pips | No US clients accepted |
| Wide range of trading instruments | Absence of PAMM or MAM accounts |
| User-friendly trading platforms | Lack of trading in bonds, ETFs, and futures |
| Customizable leverage up to unlimited | |
| Swap-free accounts available |
Overall, Exness is a recommended broker for traders seeking a reliable and feature-rich trading experience. With its strong regulation, competitive trading conditions, and user-friendly platform, Exness has earned its place as a trusted choice in the forex industry.
Conclusion
In this review, we explored what makes Exness a top choice in the forex market. They focus on security and making clients happy. This makes Exness a reliable broker for trading.
Exness offers many account types for different traders. They have options for beginners and advanced traders. Their low costs and flexible leverage options are big pluses.
While they could improve some areas, like education, Exness is a solid choice. They are well-regulated, offer great platforms, and have excellent support. This makes them a trustworthy partner for traders.
Our review highlights why Exness is a top pick for forex traders globally. They provide a safe, feature-rich, and easy-to-use trading experience. This solidifies their leading position in the industry.
| Pros | Cons |
|---|---|
| Highly regulated by FCA and CySEC | Limited educational resources |
| Multiple account types for flexibility | Higher minimum deposit for some accounts |
| Competitive spreads and commissions | No US clients accepted |
| Advanced trading platforms (MT4/MT5) | |
| Fast execution and reliable service |
