Exness – Forex Broker Review in 2020 | Forex and Crypto Brokers Review

Pros, Cons, and Conclusion of Review – Exness

Pros of Exness

Operating in 12 years globally, and already obtained high reputation and reliability.
Reliable “Tier1” licenses
Extremely transparent disclosure about tick data and financial conditions audited by Big4
Wide range of trading instruments including over 100 currency pairs
“Unlimited” leverage for small volume
Minimum deposit “1USD”
Stop out level “0%”
Many account currency

Cons of Exness

No promotion and no bonus

Conclusion of Exness

Exness is operating in 12years, and already become huge broker, obtained high reputation and reliability with most strict “Tier1” licenses and transparent disclosure audited by Big4. Although Exness does not offer any promotion, their strategy which focus on clients trading condition is excellent including “Unlimited” leverage for small volume, minimum deposit 1USD, stop out level “0%, and so on.
We will recommend Exness to any types of traders from newbie to experienced traders.

Company profile and license

Exness is operated by Nymstar Limited. The registration address is, F20, 1st floor, Eden Plaza, Eden Island, Seychelles. Exness started operations in 2008. It has been in operating in 12 years, and already obtained high reputation and reliability. They offer global services in 15 languages and customer support covers 13 languages.

Their license is FSA license (Seychelles). It is not a highest “Tier1” license. But the parent company owns “Cyprus license” and “The UK Financial Conduct Authority (FCA) license”. Both are high-reliability “Tier1″licenses.

The FCA license is a license that cannot be acquired unless it meets strict screening standards, such as the obligation to separately manage clients’ funds and measures against money laundering.

Trading Condition

Account Type

Exness offers 2 Account Categories (Standard accounts and Professional accounts).
And Professional accounts are separated by “Raw Spread” account, “Zero” account, and “Pro” account.
In addition Standard accounts are separated by “Standard” and “Standard Cent” in only MT4 platform as follows.

MT4

Description	Standard Accounts		Professional Accounts
	Standard	Standard Cent	Raw Spread	Zero	Pro
	Most Popular	For newbies	Lowest raw spreads and a low fixed commission	0 spreads for 95% of the trading day on 30 pairs	Instant execution account
Minimum deposit	1USD	1USD	1000USD	1000USD	1000USD
Leverage up to	1:Unlimited	1:Unlimited	1:Unlimited	1:Unlimited	1:Unlimited
Spread from	0.3	0.3	0	0	0.1
Minimum lot size	0.01	0.01	0.01	0.01	0.01
Maximum lot size	7:00 – 20:59 GMT+0: 200 lots 21:00 – 6:59 GMT+0: 20 lots	100	7:00 – 20:59 GMT+0: 200 lots 21:00 – 6:59 GMT+0: 20 lots	7:00 – 20:59 GMT+0: 200 lots 21:00 – 6:59 GMT+0: 20 lots	7:00 – 20:59 GMT+0: 200 lots 21:00 – 6:59 GMT+0: 20 lots
Commission	No	No	Up to 3.5USD	Up to 3.5USD	No
Margin Call	60%	60%	30%	30%	30%
Stop Out	0%	0%	0%	0%	0%

MT5

Description	Standard Accounts	Professional Accounts
	Standard	Raw Spread	Zero	Pro
	Most Popular	Lowest raw spreads and a low fixed commission	0 spreads for 95% of the trading day on 30 pairs	Instant execution account
Minimum deposit	1USD	1000USD	1000USD	1000USD
Leverage up to	1:2000	1:2000	1:2000	1:2000
Spread from	0.3	0	0	0.1
Minimum lot size	0.01	0.01	0.01	0.01
Maximum lot size	7:00 – 20:59 GMT+0: 200 lots 21:00 – 6:59 GMT+0: 20 lots	7:00 – 20:59 GMT+0: 200 lots 21:00 – 6:59 GMT+0: 20 lots	7:00 – 20:59 GMT+0: 200 lots 21:00 – 6:59 GMT+0: 20 lots	7:00 – 20:59 GMT+0: 200 lots 21:00 – 6:59 GMT+0: 20 lots
Commission	No	Up to 3.5USD	Up to 3.5USD	No
Margin Call	60%	30%	30%	30%
Stop Out	0%	0%	0%	0%

Exness standard account “Minimum deposit 1USD, and leverage 1: Unlimited” is one of strong points of Exness. This condition must be highly attractive for many traders.

Trading Instruments

Exness provides variety of trading instrument as follows.

Currency pairs, 107 pairs

AUDUSD	EURUSD	GBPUSD	NZDUSD	USDCAD	USDCHF	USDJPY	AUDDKK	AUDXN	AUDNOK
AUDPLN	AUDSEK	AUDSGD	AUDTRY	AUDZAR	CADMXN	CADNOK	CADPLN	CADTRY	CHFDKK
CHFMXN	CHFNOK	CHFPLN	CHFSEK	CHFSGD	CHFTRY	CHFZAR	DKKJPY	DKKPLN	DKKSGD
DKKZAR	EURDKK	EURMXN	EURNOK	EURPLN	EURSEK	EURSGD	EURTRY	EURZAR	GBPDKK
GBPILS	GBPMXN	GBPNOK	GBPPLN	GBPSEK	GBPSGD	GBPTRY	GBPZAR	MXNJPY	NOKDKK
NOKJPY	NOKSEK	NZDDKK	NZDMXN	NZDNOK	NZDPLN	NZDSEK	NZDSGD	NZDTRY	NZDZAR
PLNDKK	PLNJPY	PLNSEK	SEKDKK	SEKJPY	SEKNOK	SGDHKD	SGDJPY	TRYDKK	TRYJPY
TRYZAR	USDDKK	USDILS	USDMXN	USDNOK	USDPLN	USDRUB	USDSEK	USDSGD	USDTRY
USDZAR	ZARJPY	AUDCAD	AUDCHF	AUDGBP	AUDJPY	AUDNZD	CADCHF	CADJPY	CHFJPY
EURAUD	EURCAD	EURCHF	EURGBP	EURJPY	EURNZD	GBPAUD	GBPCAD	GBPCHF	GBPJPY
GBPNZD	HKDJPY	NZDCAD	NZDJPY	USDCNH	USDHKD	USDTHB

Metals, 10 items
Cryptocurrencies, 7 items
Energies, 2 items
Shares, 30 items
Stock indices, 10 items

Exness offer wide range of trading instruments. Especially currency pair “107 pairs” is extremely wide.

Spread and swap

Exness disclose average spread and swap points of all trading instruments.
In detail please refer to Exness official website.
Summary of average spread and swap of major currency pairs are as follows.

Standard account

Symbol	Avg. spread pips	Margin	Long Swap	Short Swap
AUDUSDm	1.5	1:2000	-0.1028	-0.0683
EURUSDm	1	1:2000	-0.3946	0.0893
GBPUSDm	1.5	1:2000	-0.2183	-0.0791
NZDUSDm	2	1:2000	-0.0889	-0.0806
USDCADm	2.2	1:2000	-0.1138	-0.2518
USDCHFm	1.5	1:2000	0.043	-0.3922
USDJPYm	1.1	1:2000	-0.0526	-0.2979

Standard Cent

Symbol	Avg. spread pips	Margin	Long Swap	Short Swap
AUDUSDm	1.5	1:2000	-0.1028	-0.0683
EURUSDm	1	1:2000	-0.3946	0.0893
GBPUSDm	1.5	1:2000	-0.2183	-0.0791
NZDUSDm	2	1:2000	-0.0889	-0.0806
USDCADm	2.2	1:2000	-0.1138	-0.2518
USDCHFm	1.5	1:2000	0.043	-0.3922
USDJPYm	1.1	1:2000	-0.0526	-0.2979

Raw Spread account

Symbol	Avg. spread pips	Commission	Margin	Long Swap	Short Swap
AUDUSD	0.2	3.5USD	1:2000	-0.1028	-0.0683
EURUSD	0	3.5USD	1:2000	-0.3946	0.0893
GBPUSD	0.3	3.5USD	1:2000	-0.2183	-0.0791
NZDUSD	0.5	3.5USD	1:2000	-0.0889	-0.0806
USDCAD	0.4	3.5USD	1:2000	-0.1138	-0.2518
USDCHF	0.3	3.5USD	1:2000	0.043	-0.3922
USDJPY	0	3.5USD	1:2000	-0.0526	-0.2979

Pro account

Symbol	Avg. spread	Margin	Long Swap	Short Swap
AUDUSDm	0.9	1:2000	-0.1028	-0.0683
EURUSDm	0.6	1:2000	-0.3946	0.0893
GBPUSDm	0.9	1:2000	-0.2183	-0.0791
NZDUSDm	1.2	1:2000	-0.0889	-0.0806
USDCADm	1.4	1:2000	-0.1138	-0.2518
USDCHFm	0.9	1:2000	0.043	-0.3922
USDJPYm	0.7	1:2000	-0.0526	-0.2979

Zero account

Symbol	Avg. spread	Commission	Margin	Long Swap	Short Swap
AUDUSDm	0	5USD	1.430556	-0.1028	-0.0683
EURUSDm	0	3.5USD	1.430556	-0.3946	0.0893
GBPUSDm	0.1	4.5USD	1.430556	-0.2183	-0.0791
NZDUSDm	0	6.5USD	1.430556	-0.0889	-0.0806
USDCADm	0	5USD	1.430556	-0.1138	-0.2518
USDCHFm	0.1	4.5USD	1.430556	0.043	-0.3922
USDJPYm	0	3.5USD	1.430556	-0.0526	-0.2979

Trading platform

Exness offers trading platform as follows.

MT4 for Windows, MT4 for Mac, MT4 for Android, MT4 for iOS, MT4 for Linux
MT5 for Windows, MT5 for Mac, MT5 for Android, MT5 for iOS, MT5 for Linux
WebTerminal

Leverage

Exness offers leverage of forex as follows. In detail please refer to Exness official website.

Equity, USD	Maximum Leverage
0 – 999	1:Unlimited
1 000 – 2 999	1:2000
3 000 – 9 999	1:1000
10 000 – 19 999	1:600
20 000 – 49 999	1:400
50 000 – 199 999	1:200
200 000 or more	1:100

The “unlimited maximum leverage” for small equity (0USD to 999USD) is one of special feature of Exness. It must be great advantage of many traders.

Margin call and Stop out level

Exness offers margin call level 60% for Standard account and 30% for professional account, and Stop out level on all account is 0%.

Exness stop out level “0%” is definitely lowest level to compere with competitive other brokers. This is one of great advantages for their clients.

Deposit and withdrawal methods

Exness offers deposit and withdrawal methods as follows.

Online banking (from minimum deposit 1USD)
Neteller
Skrill
WebMoney
Perfect Money

Account Currency

Exness offer many account currencies as follows.

Account	Account currencies
Standard Cent	USC, EUC, GBC, CHC, AUC
Standard	AED, AUD, ARS, AZN, BDT, BHD, BND, BRL, BYR, CAD, CHF, CLP, CNY, COP, CZK, DKK, DZD, EUR, GEL, GBP, GHS, HKD, HUF, IDR, ILS, INR, JOD, JPY, KES, KRW, KWD, KZT, LBP, LKR, MAD, MXN, MYR, NGN, NOK, NZD, OMR, PHP, PKR, PLN, QAR, RON, RUR(for MT4 accounts only), SAR, SEK, SGD, SYP, THB, TND, TRY, TWD, UGX, USD, UAH, UZS, VND, ZAR, MAUUSD, MAGUSD, MPTUSD, MPDUSD, MBAUSD, MBBUSD, MBCUSD, MBDUSD
Pro	AED, AUD, ARS, AZN, BDT, BHD, BND, BRL, BYR, CAD, CHF, CLP, CNY, COP, CZK, DKK, DZD, EUR, GEL, GBP, GHS, HKD, HUF, IDR, ILS, INR, JOD, JPY, KES, KRW, KWD, KZT, LBP, LKR, MAD, MXN, MYR, NGN, NOK, NZD, OMR, PHP, PKR, PLN, QAR, RON, RUR(for MT4 accounts only), SAR, SEK, SGD, SYP, THB, TND, TRY, TWD, UGX, USD, UAH, UZS, VND, ZAR, MAUUSD, MAGUSD, MPTUSD, MPDUSD, MBAUSD, MBBUSD, MBCUSD, MBDUSD
Raw Spread	AED, AMD, ARS, AUD, AZN, BDT, BGN, BHD, BND, BRL, BYN, BYR, CAD, CHF, CLP, CNY, COP, CZK, DKK, DZD, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, ISK, JOD, JPY, KES, KGS, KRW, KWD, KZT, LBP, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, OMR, PHP, PKR, PLN, QAR, RON, RUB, SAR, SEK, SGD, SYP, THB, TJS, TMT, TND, TRY, TWD, UAH, UGH, USD, UZS, VND, VUV, XOF, ZAR
Zero	AED, AMD, ARS, AUD, AZN, BDT, BGN, BHD, BND, BRL, BYN, BYR, CAD, CHF, CLP, CNY, COP, CZK, DKK, DZD, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, ISK, JOD, JPY, KES, KGS, KRW, KWD, KZT, LBP, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, OMR, PHP, PKR, PLN, QAR, RON, RUB, SAR, SEK, SGD, SYP, THB, TJS, TMT, TND, TRY, TWD, UAH, UGH, USD, UZS, VND, VUV, XOF, ZAR

Many account currencies is one of big strong points of Exness.

Please read another post as follows.

Which forex broker has the most options for account currency?

Exness offers many options of account currency (AED, AUD, ARS, AZN, BDT, BHD, BND, BRL, BYR, CAD, CHF, CLP, CNY, COP, CZK, DKK, DZD, EUR, GEL, GBP, GHS, HKD, HUF, IDR, ILS, INR, JOD, JPY, KES, KRW, KWD, KZT, LBP, LKR, MAD, MXN, MYR, NGN, NOK, NZD, OMR, PHP, PKR, PLN, QAR, RON, RUB, SAR, SEK, SGD, SYP, THB, TND, TRY, TWD, UGX, USD, UAH, UZS, VND, ZAR, MAUUSD, MAGUSD, MPTUSD, MPDUSD, MBAUSD, MBBUSD, MBCUSD, MBDUSD).

Brokerage Model

Exness adopts NDD (Non Dealing Desk).
Standard account is based on STP, Row Spread account and Zero account are based on ECN

Whether scalping is possible or not

Exness allows scalping.
Exness does not enforce restrictions on your trading methods

Promotion

Exness does not offer any promotion.

This point shows Exness clear business philosophy that their business resource should be to focused on clients trading condition, rather than any promotion.

Security of Clients’ Fund

Negative Balance Protection

Exness ensures that customers’ account never ends up as negative balance.

Other Points

Transparency

On official website, Exness discloses tick data and many financial information, such as Trading Volume, Number of active clients, Client withdrawals, Partner rewards, auditors report (Trading volumes and funds) of Deloitte, one of “Big4” global audit firm .