Exness Review

Year of foundation
Base currency
Country of origin
Leverage
Regulators
Website
Telephone
Trading platforms
2008
Any
1/200
Cysec - Exness (CY) Ltd., FCA - Exness Europe Limited
8 800 555 03 23
Great Britain
Minimum deposit
$1.00

Exness Regulation & Safety of Funds

The Exness group of companies was founded in 2008 by a team of like-minded professionals in the field of finance and information technology.

Exness broker provides online trading services in the international currency market, developing various fintech solutions for the industry. The company works on B2B and B2C models.

The main regions of presence are Asia, the Middle East, South America, Africa. The head office is located in Cyprus, in Limassol. In addition, the company is represented in Malaysia (Kuala Lumpur) and in the UK (London). Currently, the company employs more than 1000 highly qualified specialists and professionals in their field, and the Technology Department employs 250+ employees.

The Exness broker has several regulated affiliates that are regulated by the FCA in the UK; CySEC in Cyprus; FSA in the Seychelles; FSC to the British Virgin Islands.

Separately, it is worth stopping at the Exness South Africa division. Exness ZA (PTY) Ltd is regulated by the FSCA, therefore, in South Africa, the broker operates strictly in compliance with national laws and acts as a legal market participant. This is one of the reasons why Exness South Africa is very popular among local traders. The company operates under strict regulations. This means that all customer funds are securely protected.
Exness registered in South Africa at Central Office Park, 257 Jean Avenue, Unit 4 Johannesburg.

Exness Fees

The company applies a differentiated approach to its clients, offering a variety of trading conditions, which are chosen by the trader himself, depending on his knowledge and experience.

For example, the Standard account group, designed for novice traders, assumes that there are no additional commissions for trading operations. This group includes two types of accounts:

  • Standard
  • Standard Cent
    There are no trading fees on these two accounts.
    The second group of accounts is designed for more experienced traders. This group of accounts includes:

    • Raw Spread
    • Zero
    • Pro
    Exness account types comparison table
    Exness standard accounts comparison table
    Exness pro accounts comparison table
    Here, a differentiated approach to the collection of commissions in the implementation of trading operations is applied. The Raw Spread account is charged a commission of up to $3.50 each side per lot. Zero account charges from $0.1 each side per lot. On the Pro account, no commission is charged for trading operations, and the spread starts from 0.1.

    Thus, Exness Broker now offers the most competitive conditions on the market for all customer groups. Each trader can choose the most suitable conditions between different account types.

    Exness Leverage

    When choosing a trading leverage, the company also offers clients a differentiated approach and a very wide choice. The amount of leverage depends on the size of the deposit, and with a small deposit, the client can set an unlimited amount of leverage.

    The larger the deposit, the lower the maximum leverage level available to the client. On the one hand, this approach allows traders with small capital to provide more opportunities for earning and a faster increase in the deposit. On the other hand, it allows you to reduce risks for customers who have a sufficient level of deposit.

    Exness minimum deposit

    Exness South Africa is also taking a differentiated approach here. For novice traders on accounts of the Standard group, there is virtually no minimum deposit. The minimum deposit level is limited only by the method of replenishing the account. In some cases, payment systems or payment gateways have restrictions on the minimum payment level. On accounts of the Standard group, the minimum deposit is limited depending on the payment system. Possible deposit methods will be discussed below.

    On all accounts of the Professional group, intended for more experienced traders, the minimum deposit level is limited to $200.

    Exness Deposits and Withdrawals

    The company offers customers a variety of deposit methods. These can be bank cards, as well as popular electronic payment systems (Neteller, WebMoney, Skrill, Perfect Money) and cryptocurrencies.

    It is important to note that Exness does not charge fees for deposits, but credit card providers, banks, or payment processors may charge a transaction fee or fee that is within the company's control areas.

    The company processes all payments very quickly. Withdrawal time may vary depending on the direction of the withdrawal, but in most cases, the deposit and withdrawal of funds is almost instantaneous. This means that after the completion of the transaction, the changes will be reflected in the real account of the client within a very short time. Processing applications for withdrawal to a bank card or cryptocurrencies can take up to 72 hours.

    The minimum withdrawal depends on the withdrawal method. For more detailed information, please visit the company's website. For example, the minimum withdrawal amount to a bank card is $3. The minimum withdrawal amount to Skrill is $10.

    To replenish a trading account or withdraw funds, you need to go to the login area and enter your personal account. All account management functions are located in your personal account.
    Exness deposit and withdrawals methods
    Exness deposit and withdrawals methods

    Exness Customer Support

    The company provides its customers with a variety of ways to contact support. Obviously, the most convenient way to contact technical support is through live chat. At the same time, in order to use the online chat, it is not necessary to have Exness registration. Any user of the site can use the services of round-the-clock support chat.

    Technical support is available 24 hours, seven days a week.

    In addition to online chat, the company's customers can use other methods of contacting technical support: Email (support@exness.com), help by phone and a special help center, which provides the most complete information on the most frequently asked questions.

    To get the most complete information about the company, you need to go through Exness registration. The personal account of the company is built intuitively, and many questions will no longer be relevant.

    Exness Pros

    Exness broker has a large set of important advantages that distinguish the company from the background of most competitors.

    First of all, it is worth noting that the company has been operating in the market for a long time and during this time has been able to form an impeccable reputation for itself. Which is very valuable and tries to maintain at a high level.

    The high status and reliability of the company is confirmed by licenses from reputable regulators. The company works with clients all over the world and operates everywhere within the law, including compliance with the rules and regulations of local laws.

    The undoubted advantages of the company also include excellent trading conditions, a differentiated approach to clients with different levels of experience and knowledge, social trading, fast and stable withdrawal and deposit of funds, and other advantages.

    Exness Cons

    There are no perfect companies in the forex market, since all traders have different requirements for brokers. No company can meet the requirements of all traders. But thanks to a differentiated approach, Exness has managed to meet the requirements and wishes of the vast majority of traders, from beginners to professionals.

    Therefore, it is rather difficult to single out any significant shortcomings in the company. For some traders, the disadvantage may be the inability to deposit and withdraw funds from a bank account. But in fairness it should be noted that this method is not popular and most convenient. The company offers faster, more profitable and easier ways to deposit and withdraw money.

    Some beginners may be looking for bonus promotions, but it's worth noting here that the company is a regulated and licensed broker, which limits its ability to provide bonuses. To compensate for this, the company offers very favorable conditions for beginners on the Standard account group, where a cent account is also available.

    Exness Academy — training center

    Video Tutorials, Articles & Webinars

    FAQ

    The broker created the Help Center section to provide detailed information on the most common issues traders may encounter. You will find a lot of interesting tips here – from tutorials for beginners to specific content that professional traders need for effective operations.

    Is Exness a good Forex broker?

    Exness favorably stands out from the crowd of its competitors. And there are several reasons for it – the broker is regulated by the most reputable world authorities, offers a wide range of trading instruments and competitive trading fees. Its reputation is supported by positive feedback from hundreds of active users and constantly growing trading volumes.

    Is Exness regulated in South Africa?

    The broker is approved by several jurisdictions. Residents of South Africa can safely trade with Exness thanks to the FSCA license. It is issued by Financial Sector Commission Authority under FSP number 51024 and FSP name Vleziro (Pty) Ltd.

    How to withdraw money and make a deposit in Exness?

    Exness supports a wide variety of payment systems and channels, including bank transfers, banking cards, electronic payment services. The only thing to remember is to use one and the same method for both deposits and withdrawals.