Exness.com Review Is Exness A Scam Forex Broker

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Exness.com (.uk) Review Visit site

Other websites of this company include exness.ru and exness.eu

About Exness.com (.uk)

Exness is an online forex broker. Exness offers the MetaTrader 4, MetaTrader 5, and MT Mobile forex trading top platforms. Exness.com offers over 110 currency pairs, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.

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  • Live Discussion
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Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 2000:1
Minimum to Open Live: $1
Established: 2008
Address: F20, 1st floor, Eden Plaza, Eden Island, Seychelles, Seychelles
Contact: [email protected], 00801 14 8968
Regional offices:
Regulators: CySEC #178/12 (Exness (CY) Ltd), FSA-S #SD 025 (Nymstar Limited), FCA #730729 (Exness (UK) Ltd)
Prohibited countries:

Yes

Yes

Trading platforms: MT4, MT5
Mobile Trading:
ECN:
Currencies: (115+)
Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum
CFD: (130+) Gold, Silver, Stock Indexes, Oil

Yes

Yes

Yes

Yes

EAs/Robots:
News Spike Trading:
Scalping:
PAMM:
Deposit Methods: VISA, MasterCard, AstroPay, Bitcoin, Boleto, CASHU, FasaPay, Local Bank Deposits, Local Bank Transfers, Neosurf, Neteller, Oxxo, PerfectMoney, Skrill, Tether, WebMoney
Withdrawal Methods: VISA, MasterCard, Bitcoin, Neteller, PerfectMoney, Skrill, Tether, WebMoney

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Exness.com (.uk) profile provided by Alexander Pyrsikov, Sep 19, 2020

Exness is a leading international forex broker offering online trading services in over 120 financial instruments, including forex currency pairs and CFDs.

In 2020, Exness recorded a trading volume of USD 2.4 trillion and total client withdrawals amounting to USD 323 million. All key performance indicators are published on the Exness websites on a regular basis, following quarterly and annual audits by Big Four audit giant Deloitte.

Exness Limited offers its clients a variety of electronic payment systems, with additional local payment methods. Electronic deposits and withdrawals are carried out quickly and without manual processing by financial department specialists, and are available 24/7. Furthermore, clients have no limits to how many deposit and withdrawal transactions they can make.

Trading conditions at Exness are known to be some of the best in the industry, with low spreads, ultra-fast execution, free VPS hosting, no restrictions to trading strategies and a vast range of trading tools to utilize.

Support is available 24/7 in English and Chinese. Multilingual support in additional 13 languages is available 24/5.

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Consumer Reviews

Service use: Live

Length of use: over 1 Year

Service use: Live

Length of use: over 1 Year

I started using Exness late 2020 , it by far the best broker out there , everyone knows once you are on top you become a topic so it much easier for them to have few clients who are unhappy but i assure it by far the best broker out there

Whenever i have problems they help me ASAP , they 24/7 live chat is so helpful and my account manager who works hard to solve any problem i send , it been a good journey with them

i would recommend everyone to start using this broker , Another thing that i like about Exness is their Leverage , The 1:Unlimited it the only broker with that leverage , and the spread is always fixed

Service use: Demo

Length of use: 0-3 Months

Good day Anon212!

Thank you for your feedback.
We are sorry to hear that you faced difficulties while making a deposit.

However, please be informed that it is not a mistake. When you deposit with Tether, you will deposit to the same address of your Exness Bitcoin address from your Tether wallet. Kindly note that the amount will be credited to the trading account you’ve selected before.

We will be happy to assist you, please send your account details to [email protected]
We will contact you shortly.

We look forward to hearing from you.

Service use: Live

Length of use: 3-6 Months

Since 30th of September last year, exness refused to credit my 3282756mini with 4600 naira I tried depositing through online bank transfer & something went wrong but my bank account was debited by exness. The same thing happened on the 2nd of December last year when I tried depositing 7000 naira through same channel. I have sent several emails to them attaching bank statements & evidences to no avail. The worst is that they have taken my 1554 usd successful deposit through their malpractice of switching off network to lock me out of trade & changing of leverage to favor them only till they carried the money.
Please let exness credit my 4600 naira deposit of 30th September 2020 & 7000 naira deposit of 2nd December 2020 that are not registered in my trading account (3282756mini) deposits.
Exness headache is too much. They are getting away with their fraudulent dealings with countries they don’t have physical representation/office in it.
Please somebody should help us against this fraudulent broker.

Nov 26, 2020 – 1 Star They switch off their network or deactivate the order/stop button until the market turns to their favour to burn their victims account. They don’t move with the market when it is rising. They are only after their victims money. They are highly fraudulent. Only God will judge them.
How can I get back my money from this fraudulent company.

Reply by Dildora Djalolova submitted Dec 4, 2020 Dear Francis,

We are sorry that you have had this experience.

We never manipulate our clients’ orders. We can never do that because we are regularly audited by one of the biggest and the most authentic accounting companies, Deloitte.

Furthermore, you can check our Tick History to check for the slightest of market movements in the past here: https://ticks.exness.com/intl/en

Please allow us to help you more by emailing us on [email protected] We would like to investigate your case further and resolve it for you.

Thank you so much for your honest feedback. Looking forward to hearing from you.

Exness Review

Exness

Leverage: 1:30 | 1:1000

Regulation: CySEC

Min. Deposit: 1 US$

HQ: SVG, Cyprus, UK

Platforms: MT4, MT5

Found in: 2008

Exness Licenses:

  • Exness (Cy) Ltd – authorized by CySEC (Cyprus) registration no. 178/12
  • Exness (UK) Ltd – authorized by FCA (UK) registration no. 730729
  • Nymstar Limited – authorized by SFSA (Seychelles) registration no. SD 025

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Throughout your research on brokers and trading offering, it’s very important to choose the most reliable company, as well the one that suits your trading needs the best. For this reason, we assist in choices by reviewing brokers and checking information in a detail, to support selection and here is Exness Review among others.

What is Exness?

Exness is the brand name of the global brokerage firm that delivers its services through two main offices in Saint Vincent and the Grenadines and is a Cyprus Broker. The divided nature of the firm enables worldwide clients to enjoy tailor financial service and investment solutions, while the global brand delivers vast opportunities to the retail and mainly corporate solutions or partnerships, and the EU based company in Cyprus performs fully regulated services to the members within EEA and world. Moreover, the company expanded its global reach and established a UK-based entity Exness UK Ltd.

Actually, the broker has won numerous awards as a retail broker and therefore offers stable and reliable brokerage services with the comfortable trading environment created to suit the most demanding traders with their tight spreads and no hidden commissions from 0.1 pips. The trading process is delivered by the intuitive platform MT4 with a possibility to trade a number of CFDs and Futures on a range of markets.

Lastly, together with comfortable conditions for trading, you will get advanced support that brings customer service in 13 languages along with up-to-date financial news from Dow Jones, educational robust materials and Web TV with latest updates.

Moreover, the Exness takes an active role in social life, as well as acting as an honoured sponsorship partner with various organizations. Currently, Exness proudly sponsors the world’s number one football team, Real Madrid, and the best football player alive, Cristiano Ronaldo.

Nevertheless, to understand offering in a detail you should always check the most important information of the broker’s proposal. In this purpose this review covers the following highlights:

Is Exness safe or a scam?

In order to protect invested funds, when selecting a company for a long-term partnership a professional trader should consider not only the company’s trading conditions. But also, most importantly, make sure that the company’s operations comply with the relevant country’s legal requirements and with internationally recognized financial standards.

Exness Group due to its presence in various countries and established offices regulated by necessary local authorities that also highly respected within the industry. Exness UK Ltd is authorized and regulated by the Financial Conduct Authority, while Exness CY Ltd holds a license from CySEC. Thus, the broker permitted to provide financial products or services within its activity in above mentioned countries and in another country in the EEA. Also, there is a license from an offshore Seychelles, which rather provides just registration than serious regulation, yet additional licenses from reputable authorities make things in Exness reliable.

Therefore, and due to operational standards that are set according to the requirements along with the customer protection, money segregation and participation in investor compensation fund or scheme. The EEA registration and the provision of services on a cross-border basis performed by authorization from cross authorities within Europe that makes Exness operation standards highly reasonable ones.

Exness Trading Platforms

The trading platform choice offers the selection between industry leaders MetaTrader4 and MetaTrader5 along with mobile trading platforms and MT4 WebTerminal that allows access through any device.

While both platforms are well known software in the industry, MetaTrader4 feature a convenient and functional trading platform that has been recognized by professional world traders and retail traders as well. While MT5 is a more developed version of the previous one with powerful features and new possibilities.

Since there are many traders who still prefer the MT4, both options are available along with the analytical service with free technical analysis from Trading Central, high-quality VPS hosting, economical calendars, quotes history and a constant monitor of the accounts. The most relevant news affecting the Forex market available from Dow Jones News, the leading provider of information in the world, hence included into the streaming line of the platforms. Meanwhile, all trading styles are welcomed making your strategy available and possible to be performed at Exness.

Exness Trading Costs

So engaging with Exness you can expect a fully-regulated and safe trading environment that allows to either open a demo account and test trading strategies or to open a live account to enter forex markets. The traders of world jurisdictions may be subjected to different account offerings that range according to regulation and compliance. The accounts available with more than 80 currency options while the company features instant payment options and offers Mini Account, Standard Account and ECN Account.

Moreover, there are additional features enables the Exness customers that bring the possibility to compete and gain valuable prizes in the Contests that performed from time to time. However, the traders’ residents of particular countries should check the availability and the possibility to engage on the official website.

Exness spread

As defined, Exness spread is based on tight variable spreads, which is defined by the account type as well. Mini Account Spreads are starting from 0.3 pips with no commission on trading volume, the Standard account costs based on tight spreads from 0.1 pips. And ECN account features raw spread plus the commission per trade. See some of the examples below for a better understanding of Exness costs, as well compare fees to another broker DF Markets.

Exness rollover

Also, always consider Exness rollover or overnight fee as a cost, which is charged on the positions held longer than a day. Each instrument charges different quote for overnight positions, which may be as a fee or a refund, see sample on some of the instruments above.

Exness Leverage

As the majority of Forex brokers, Exness also offers to use leverage, which may increase potential gains through its possibility to multiple initial accounts balance.

Leverage levels always depending on the instrument you trade, as well defined by the regulatory restrictions and your personal level of proficiency. Since FCA and CySEC along with its European directive miFID significantly lowered possibility for leverage levels, the maximum leverage you may use as a retail trader is 1:30 for major currencies, 1:20 for minor ones and 1:10 for commodities. Yet, a global entity of Exness may allow much higher leverage ratios up to 1:1000, which are also defined by the country of your origin.

And of course, always learn how to use leverage correctly, as leverage may increase your potential loses as well and is a different feature in various instruments.

Exness Payment Methods

Exness performs instant deposits and withdrawals with no commission charges using a number of electronic payment system that provides control over your account funding at convenience. The payment options including possibility to use either Bank Wire Transfers or major Credit Cards, as well as the e-systems Neteller and Skrill.

Exness Minimum deposit

What is more great, Exness does not require a specific amount at the beginning, so you will be able to start as small as 1$. Yet, check on the payment methods, as some of them set a minimum transfer amount.

Exness withdrawal fee

As been mentioned already, Exness does not charge any fees either for deposits or withdrawals. Nevertheless, check before any transfers are done with customer service in case there are any fees may be applicable, due to your country of origin or maybe by the payment provider himself.

Conclusion on Exness

Overall Exness review is about the transparent, fully regulated by various jurisdictions brokerage company that was recognized timely for its achievements and high operational standards. Apart from the availability of the Mini and Standard accounts that enables traders of any size to join, competitive trading conditions from 0.1 pips and range of markets so you get technical support from the industry-leading MT4 or MT5 platforms. Powerful features of the platforms bring the capability to trade effectively along with the secure environment and all trading styles accepted. Moreover, there are pleasant additions alike Trading Central services and free VPS hosting that rewards client even more, making all in all Exness as a choice to consider.

Yet, we would be glad to know your personal opinion about Exness, you may share your experience in the comment area below, or ask us for some additional information if required.

Exness Review

Exness is a MetaTrader-only broker regulated in the EU offering multiple account types and forex pairs, but its offering lacks the range of CFDs forex brokers typically offer.

Review Sections:

Please Note: Exness was not included in the 2020 annual review. As a result, this broker’s ratings may be outdated. Read our Best Forex Brokers 2020 guide for a look at the top rated forex and CFDs brokers.

Founded in 2008, the Exness Group (Exness) maintains two entities with regulatory status in the European Union (EU): Exness UK Ltd, regulated by the Financial Conduct Authority (FCA) in the United Kingdom (UK), and Exness (Cy) Ltd, regulated by the Cyprus Securities and Exchange Commission (CySEC), with passports throughout several EU member states.

Exness offers the popular suite of trading platforms developed by MetaQuotes Software Corporation, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The broker provides multiple account types and access to 104 forex pairs and eight metals contracts.

Is Exness Safe?

Exness is considered average-risk, with an overall Trust Score of 73 out of 99. Exness is not publicly traded and does not operate a bank. Exness is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). Exness is authorised by the following tier-1 regulator: Financial Conduct Authority (FCA) Learn more about Trust Score.

Regulations Comparison

Feature Exness
Year Founded 2008
Publicly Traded (Listed) No
Bank No
Tier-1 Licenses 1
Tier-2 Licenses 1
Tier-3 Licenses 0
Trust Score 73

Offering of Investments

The following table summarizes the different investment products available to Exness clients.

Feature Exness
Forex: Spot Trading Yes
Currency Pairs (Total Forex pairs) 104
CFDs – Total Offered 112
Social Trading / Copy-Trading No
Cryptocurrency traded as actual No
Cryptocurrency traded as CFD No

Commissions & Fees

Exness offers several account types and execution methods where the commissions and fees vary. In the Classic MT4 account a minimum deposit of $2000 is required, and the spreads are slightly lower than in the Mini account.

Exness lists an average spread of 0.9 pips for the Classic account.

Feature Exness
Minimum Initial Deposit $1.00
Average Spread EUR/USD – Standard 0.9 (as of May 19)
All-in Cost EUR/USD – Active N/A
Active Trader or VIP Discounts No

Research

Exness offers research mainly in the form of third party content, including headlines from Dow Jones News within the trading platforms, and content from Trading Central, including Trading Central WebTV, which has daily video content.

Exness also offers the TC.TechnicalAnalysis Trading Indicator from Trading Central, and an economic calendar. The broker lacks in-house content, and the last post in its Analytics section had not been updated since early January 2020. Although Exness’s range of third party research is satisfactory, it could improve its in-house research offering significantly.

Feature Exness
Daily Market Commentary No
Forex News (Top-Tier Sources) Yes
Weekly Webinars No
AutoChartist No
Trading Central (Recognia) Yes
Delkos Research No
Social Sentiment – Currency Pairs No
Economic Calendar Yes

Platforms & Tools

Exness is a MetaTrader-only broker, offering the suite of platforms from MetaQuotes Software Corporation, including the MT4 and MT5 platforms. To learn more about this suite, read our MetaTrader guide.

While MT4 and MT5 come standard, with little variation in functionality from broker to broker, there can be significant differences in how the platform is set up for trading spreads and commissions, execution, and other tools, features, and administrative areas.

Besides spreads, the range of instruments, and account types, here is a summary of the differences in features between Exness’s MetaTrader offering and the default MetaTrader experience:

    • News headlines stream from Dow Jones News

    Mobile Trading

    Exness offers iOS and Android mobile trading applications for its MetaTrader platforms, available directly from the developers at the iTunes Store and the Google Play Store.

    Feature Exness
    Android App Yes
    Apple iOS App Yes
    Trading – Forex Yes
    Trading – CFDs Yes
    Alerts – Basic Fields Yes
    Watch List Yes
    Watch List Syncing No
    Charting – Indicators / Studies 30
    Charting – Draw Trend Lines Yes
    Charting – Trend Lines Moveable No
    Charting – Multiple Time Frames Yes
    Charting – Drawings Autosave No
    Forex Calendar No

    Other Notes

    Exness notes that slippage can occur during the first three hours of trading for a given instrument, but insists that thereafter it will limit any such gap within a predefined range, depending on the instrument traded, ranging from 8 to as much as 40 points.

    Final Thoughts

    Exness provides a decent array of forex pairs and account options for traders looking for MT4 and MT5 from an EU-regulated broker, but it lacks the range of CFDs forex brokers typically offer. The firm’s research offering is very light and is another area in which Exness has room to improve to compete with other brokers in its category.

    Forex Risk Disclaimer

    “There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.” Learn more.

    About the author: Steven Hatzakis Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.

    Ratings Overall

    Summary

    Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

    The names, products, services, branding/logos, and other trademarks or images featured or cited within this Website (www.forexbrokers.com) are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with ForexBrokers.com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses ForexBrokers.com or any of its reviews, products, or services. ForexBrokers.com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.

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