Exness

Exness is a Forex broker founded in 2008 and licensed by the Seychelles Financial Services Authority（SC:FSA）and the Financial Sector Conduct Authority（FSCA）of South Africa. The biggest feature of Exness is that you can use a wide variety of account types and unlimited leverage.

Exness offers 4 types of accounts, each with different spreads and fee structures, as well as their unique characteristics. Zero account has the smallest spread, followed in order by Raw Spread account, Pro account, and Standard account. Raw Spread account and Zero account will incur a separate fee at the time of transaction. On Zero account, spreads are zero at almost any time, but the transaction fees set individually for each instrument are slightly high. Therefore, Raw Spread account that offers both small spreads and low transaction fees has a good balance in terms of cost and can be said to be an advantageous account compared to other companies. The average spread of Raw Spread account is USD/JPY 0.1pips and EUR/USD 0.0pips, and the transaction fee is $ 3.5（USD）for one way, which clearly indicates the low transaction costs. Also, although the spread is larger than Raw Spread account, Pro account with no transaction fee is popular among cost-conscious traders with its low levels of USD/JPY 0.6pips and EUR/USD 0.6pips.

Another attraction of Exness, unlimited leverage, is available if you have a MetaTrader4 account with a balance of less than $ 1,000（USD）, the transaction history of at least 5 lots and 10 positions in total. The available instruments are limited to forex instruments, but the loss cut is also at 0%, making it the best in terms of capital efficiency. While providing a high-risk service as unlimited leverage, it is gaining popularity among traders who prefer high leverage because of the safety of zero cut and no additional margin requirement.

In addition, Exness has many services for intermediate to advanced users who want to make large scale trades that other companies do not provide, such as swap-free trading of gold, cryptocurrencies, individual stocks, and stock indexes, Exness's own copy trading tool, and the historical data (tick data) for all investment instruments, available in all account types. There are many instruments offered, and especially as for the number of Forex instruments, handling more currency pairs than any other broker.

On the other hand, there are many restrictions. For example, from 15 minutes before the announcement of important indicators to 5 minutes after the announcement, the leverage of new positions of related stocks will be reduced to 1：200, and from 10:00 pm to 8:00 am (Server time, during Daylight saving time from 9:00 pm to 7:00 am), the maximum order size is reduced from 200 lots to 20 lots. In addition, Exness does not want to attract customers by utilizing incentives due to its policy of wanting to compete with the quality of its service, and does not actively provide bonus promotions. It is a disadvantage that there is no bonus at all, but there are many unique services that other companies do not offer, and the number of users is increasing every year.