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Exness
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.
Pros
- Unlimited leverage is available
- Wide range of account types
- Small spread accounts are available
- Numerous symbols
- Provide tick data for all symbols
- Swap-free for gold, cryptocurrencies, stocks and indices
Cons
- Maximum order quantity decreases depending on trading time
- No bonus programs
- Leverage is limited around the time of indicator release
Operating Company
- Company name:
- Exness B.V.
Exness (VG) Ltd
- Head office address:
- [Exness B.V.] Emancipatie Boulevard Dominico F. “Don” Martina 31, Curaçao
[Exness (VG) Ltd] Trinity Chambers, P.O. Box 4301, Road Town, Tortola, BVI
- Financial supervisor:
- [Exness (SC)] Seychelles Financial Services Authority (FSA) license number SD025
[Exness B.V.] Central Bank of Curaçao and Sint Maarten (CBCS) license number 0003LSI
[Exness (VG) Ltd] British Virgin Islands Financial Services Commission (BVIFSC) license number SIBA/L/20/1133
- Founded:
- 2008
- Capital:
- Undisclosed
Customer Service
- Website language:
- [Asia] Thai, Vietnamese, Simplified Chinese, Japanese, Indonesian, Bengali, Korean, Urdu, Hindi
[Europe and America] English, Spanish, French, Portuguese, Russian
[Middle East/Africa] Arabic, Kiswahili
- Trading platform:
- MetaTrader4/5
- English support:
- Email, Support Chat
- Business hours:
- (365 days) 24 hours
- Email address:
- [email protected]
- Phone number:
- (+1) 800-817-368
Trading Rules
- Roll over:
- Daylight saving time: 9:00 pm, Winter time: 10:00 pm (Server time)
- Margin call:
- [Standard, Standard Cent] When the margin maintenance rate falls below 60%
[Pro, Raw Spread, Zero] When the margin maintenance rate falls below 30%
- Loss cut:
- When the margin maintenance rate falls below 0%
- Matched order:
- Permitted
- EA restrictions:
- None
- Request for additional margin:
- None (If the margin becomes negative, zero cut will be performed)
- Funds management:
- Managed in a segregated bank account
- Bankruptcy compensation:
- Full deposit compensation is not guaranteed
Conditions for Each Account Type
- Trading platform:
- MetaTrader4/5
- Brokerage model:
- STP method
- Spread method:
- Variable spreads
- Trading account currency:
- 88 currencies are available (Varies by account type)
- Maximum leverage:
- Unlimited
- Initial minimum deposit:
[Standard, Standard Cent] None
[Pro, Raw Spread, Zero] $ 1,000 (USD)
- Lot size:
- 100,000 units
- Minimum order size:
- [Standard Cent] 0.01 cent lots
[Standard, Pro, Raw Spread, Zero] 0.01 lots
- Maximum order size:
- [Standard Cent] 200 cent lots
[Standard, Pro, Raw Spread, Zero] 200 lots(*1)
- Maximum open orders:
- Unlimited
- Instruments（symbols）:
[FX/Currency Pair]: 95(*2)
[CFD/Metals]: 10(*3)
[CFD/Indices]: 11(*4)
[CFD/Energy]: 3(*5)
[CFD/Cryptocurrencies]: 35(*6)
[CFD/Stock]: 100(*7)
- Available trading hours:
[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)
- Transaction fees:
- [Standard, Standard Cent,Pro] None
[Raw Spread] $ 3.5 (USD)
[Zero] $ 0.2 or more(*8)
- Account maintenance fee:
- None
- Holding multiple accounts:
- Permitted
- GMT time difference:
- [MT4/MT5] Daylight saving time: ±0 hour, Winter time: ±0 hour
(*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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