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Forex broker EXNess

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Review of the Forex broker EXNess

EXNess-Broker Review

EXNess is a Forex and CFD broker which offers the possibility to trade with Forex (spot market), commodities like precious metals, Contracts For Difference based in different assets like indices. This company offers many features for the trader including cash bonuses for new clients, ECN trading accounts, low spreads, various platforms and other.


Type of broker

EXNess is a ECN/STP Forex broker.


Regulation

Currently, EXNESS is regulated by CySEC in Cyprus (CIF 178/12).


Country of origin

The headquarters of this broker are located in Cyprus and Russia.


Trading Instruments

The clients of this broker can trade in the market with the following financial instruments:

  • Forex market: 112 currency pairs in the spot market, including the most important such as the EUR/USD, USD/JPY and GBP/USD to other more exotic like the USD/ZAR, EUR/CZK and the EUR/TRY among other.
  • Commodities: Gold and silver in the spot market, two of the most important and traded commodities. In this case, the client of EXNESS can speculate on the price of gold and silver against the US dollar and the euro.
  • Contracts For Difference based on the following financial instruments: 
    • Commodities such as platinum, copper, oil, gold, silver and other.
    • Stock indexes like the S&P 500, Nikkei 225, FTSE 100 and others.

Trading Accounts​

EXNess offers five basic types of trading accounts which have the following characteristics:

Account type

Cent

Mini

Classic

ECN

Minimum deposit

$1

$1

$2000

$300

Maximum leverage

1:2000

1:2000

1:2000

1:200

Сomisión for 1 million dollars in transactions

No

No

No

25 USD

Deposits via e-currencies

Yes

Yes

Yes

Yes

Deposits by bank transfer

Yes

Yes

Yes

Yes

Spreads

From 0.3 pips

From 0.3 pips

From 0.1 pips

From 0.0 pips

Minimum trading volume

0.01 lots of cents (1000 cents)

0.01 lots(1000)

0.1 lots (10000)

0.01 lots(1000)

Maximum position volume

1 lot of cents

Maximum volume accumulated for all positions

10 cent lots

No limit

No limit

No limit

Maximum number of open positions

50

100

No limit

No limit

Margin covered

0%

0%

0%

100%

Margin Call/Stop out Level

60% / 30%

60% / 30%

30% / 10%

100% / 50%

Access to the interbank market

No

No

Dealer´s choice

Automatic multibank

Type of Order Execution (FOREX)*

Instant execution

Instant execution/Market execution

Instant execution/Market execution

Instant execution/Market execution

Order execution (CFD on Futures)

No CFD are offered by this account

Market execution

Market execution

No CFD are offered by this account

 

* For Mini and Classic accounts, the trader has the possibility to choice between instant execution (Market Maker) or market execution (ECN) in their transactions.


Demo Accounts

It offers a demo account with no limit of time.


Trading Platforms

This broker offers the following types of trading platforms for its clients:

 

  • Metatrader 4: This is one of the most complete and popular trading platform in the Forex trading sector. It is a downloadable application which includes many trading features such as updated quotes, advanced prices charts with many time frames (from 1 minute to 1 month), dozens of technical indicators and analysis tools, updated news, several types of orders and many other. Also, this platform allows the creation, evaluation and implementation of automated trading systems (Expert Advisors) based on technical analysis via a aprogramming language called MQL 4.
  • WebTrader: This platform is a web based application (No download or installation is required) which allows to access the account and trade in the market from anyplace with Internet connection. It is  fully synchronized to the downloadable version of the MT4 platform. This application offers updated quotes, expanded charting options and multi-language support.
  • Metatrader 5: Is the new and improved version of the Metatrader platform. It offers all the features and tools of Metatrader 4 and also is designed with a number of additional advantages such as more types of orders and execution modes, new technical analysis tools, access to a wider range of markets and alerts and trading signals easy to implement among others. This terminal accepts Level 2 quotes which allows to analize the market depth. Price charts have been improved and now includes 21 time frames. In addition, several limitations of MQL4 were eliminated in the new version and the number of functions and graphic objects has been increased. Finally, two additional conditions can be implemented to operate in the stock market: Fill or Kill (FOK) and Immediate or Kill (IOK).

Mobile Trading: EXNESS offers several applications based on Metatrader 4 and Metatrader 5 which allow the trader to access their trading account and operate in the market from any mobile device such as smartphones (Android and iOS). These platforms include a package of technical analysis, price charts, updated quotes and full connectivity to the operator’s trading account from anywhere with an Internet connection.


Payment Options

The trader can deposit and withdrawl funds through Bank Wire Transfer, Credit Cards (the most important like VISA and Maskercard), Skrill, Neteller, CashU, Ukash , WebMoney and Perfect Money.

In this case, deposits can be made in over ten currencies including Euros, US dollars and sterling pounds.


Main Advantages of EXNess

  • EXNess is a European broker duly regulated by the CySEC in Cyprus, one of the main financial regulatory agencies in Europe.
  • It is a Forex broker which offers many financial assets for trading.
  • This broker offers regular promotions for new clients that open a trading account and deposit funds.
  • It is an ECN broker that offers trading accounts with  Market Maker or ECN trading conditions. In the Mini and Classic accounts the trader can choose the type of execution.
  • Through the ECN accounts, the trader can have access to the interbank market which allows to trade with low and variable spreads and a fast execution of orders (even of 0.1 seconds).
  • The client can use automated trading systems through its Metatrader 4 and Metatrader 5 platforms.
  • Through its website, EXNESS offers various analysis tools such as an economic calendar, updated market prices, price charts and others.
  • Updated market news from Dow Jones.
  • Market analyzes and reviews provided by Trading Central, a famous website specialized in technical analysis.
  • The clients of this broker have access to free webinars focused on technical analysis.
  • Visitors of the website can request a free phone call to the customer service of EXNess through an online form.
  • EXNess offers the option to trade with fixed or floating spreads.
  • A VPS hosting service for customers who have an account with over 500 USD.
  • EXNess offers the possibility to earn money by promoting its services as a broker through an affiliate program.

Main Offers of EXNess

This company offers a bonus for each deposit of funds up to 55% of the amount deposited by the trader in their account.


Other Categories of this broker

  • CFD Broker.
  • Gold Broker.
  • Silver Broker.
  • Oil Broker.
  • Metatrader 4 broker.
  • Metatrader 5 broker.

Company    

EXNess

Minimum account size

$1

Minimum lot size

0.001 lot.

Maximum Leverage (Forex)

Up to 1:2000.

Spreads

Fixed and variable tight spreads from 0.1 pips for major currency pairs like the EUR/USD.

 

Link to the website

Open an account

EXNess-Regulated Forex broker

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