Exness is a Forex broker founded in 2008 and licensed by the Seychelles Financial Services Authority (FSA), the Central Bank of Curaçao and Sint Maarten (CBCS), and the British Virgin Islands Financial Services Commission (BVIFSC). The biggest features of Exness are its wide variety of account types and unlimited leverage.
Exness offers 5 types of accounts, each with different spreads and fee structures, as well as their unique characteristics. All the accounts except the Standard Cent account support MetaTrader5 (MT5). The Zero account has the smallest spread, followed in order by Raw Spread, Pro, and Standard accounts, while Raw Spread and Zero accounts will incur a separate fee at the time of transaction. Although the Standard Cent account is only available with MetaTrader4 (MT4) and its trading instruments are limited, the minimum trade size is 1/100th of those of other accounts, which is optimal if you want to mitigate the risk using smaller funds. With the Zero account, spreads are zero at almost any time, but the transaction fees set individually for each instrument are slightly high. The Raw Spread account allows you to trade with lower trading costs, as spreads are as small as USD/JPY 0.1pips and EUR/USD 0.0pips, and the transaction fee is $ 3.5 (USD) for one way. Also, the Pro account is popular among cost-conscious traders for no transaction fee and low spreads of USD/JPY 0.6pips and EUR/USD 0.6pips.
Another attraction of Exness, unlimited leverage, is available if you have an MT4 account with a balance of less than $ 1,000 (USD), a transaction history of at least 5 lots and 10 orders in total. The available instruments are limited to forex instruments, but the stop-out level at 0% makes it the best in terms of capital efficiency. While unlimited leverage is a very high-risk service, zero-cuts is employed with no additional margin to ensure a minimum level of safety, making it popular among traders who prefer high leverage.
Moreover, Exness features a number of services, especially for intermediate to advanced users, not offered by other brokers: swap-free trading of gold and cryptocurrency CFDs, Exness's original copy trading tool, and historical data (tick data) for all instruments and account types. A wide range of forex currency pairs and other instruments is also appealing.
On the other hand, you need to be careful about the restrictions. For example, from 15 minutes before an announcement of important indicators to 5 minutes after it, the leverage of new positions for related instruments will be reduced to 1:200, and the maximum order size is reduced from 200 lots to 20 lots between 9 pm and 7 am (GMT+0). Besides, Exness does not actively provide bonus promotions to compete on the quality of services instead of attracting customers by utilizing incentives. Despite the disadvantage of lacking bonus programs, many unique services that other companies do not offer result in an increasing number of users.
[Standard, Standard Cent] None
[Pro, Raw Spread, Zero] $ 1,000 (USD)
[FX/Currency Pair]: 95(*2)
[Daylight saving time]: Sunday 9:05 pm - Friday 8:59 pm (Server time)
[Winter time]: Sunday 10:05 pm - Friday 9:59 pm (Server time)
(*1)Maxium order size decreases to 20 lots during 9:00 pm - 6:59 am (Server time, Daylight saving time) 10:00 pm - 7:59 am (Winter time).
(*2)72 FX/Currency Pairs are tradeable with Zero and Raw Spread accounts, and 34 FX/Currency Pairs with Standard Cent account.
(*3)8 CFD/Metals are tradeable with Zero and Raw Spread accounts, and 2 CFD/Metals with Standard Cent account.
(*4)10 CFD/Indices are tradeable with Zero and Raw Spread accounts. CFD/Indices cannot be traded with Standard Cent account.
(*5)CFD/Energy cannot be traded with Standard Cent account.
(*6)34 CFD/Cryptocurrencies are tradeable with MT5/Zero account and 22 CFD/Cryptocurrencies with MT4. CFD/Cryptocurrencies cannot be traded with Standard Cent account.
(*7)73 CFD/Stocks are tradeable with MT4. CFD/Stocks cannot be traded with Standard Cent account.
(*8)The fee is per order (one way). Trading fees for Zero account are varied by symbol.Official Website
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