PROS AND CONS OF EXNESS TRADING PLATFORM

Posted on 5 September 2021
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Content on this page is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.

Exness broker offers Forex and CFD traders all over the world lucrative and accessible trading on the financial markets. This review will go through the broker's regulation, account types, and the benefits of the Exness MT4 terminal, among other things.

About Exness broker

The company is a reputable forex intermediary that has been available on the market since 2008. Today, Exness Forex is a universal trading platform that allows its clients to trade using various instruments on mutually beneficial terms.

The company supports well-known MT4 and MT5 platforms, mobile application and MetaTrader4 web terminal. Its official website has been localized into many languages to create comfortable conditions for traders from all over the world.

Exness Group reportedly provides traders with over 100 different currency pairs to choose from and a wide selection of CFDs. You can also trade CFDs for cryptocurrencies, precious metals, stocks, indices, as oils.

Last year, the broker added additional instruments - CFD contracts for shares. The platform has won numerous awards as a retail broker and offers safe and reliable brokerage services to individuals, including the following trading conditions:
Exness Web Terminal
Minimum deposit:
$1
Leverage up to:
1:2000
Trading instruments:
Forex currency pairs, metals, cryptocurrencies, energies, indices
Trading commission:
No
Spreads from:
0.00
Minimum lot size:
0.01
Maximum lot size:
7:00 - 20:59 GMT + 0: 200 lots
21:00 - 6:59 GMT + 0: 20 lots
Maximum number of positions:
Unlimited
Order execution:
Market and instant
Exness broker mobile
Exness in figures

Regulation

The company is an offshore resident and is under the control of the financial regulator CySEC. It conducts its activities through official representations that are located around the world. All its offices also hold valid licenses, depending on the area they are based in:
FCA The United Kingdom Financial Authority
Financial Conduct Authority UK financial regulator
Exness Uk Ltd. has a license from this regulator and the right to enter the European markets as a broker
CySEC The Cyprus Securities and Exchange Commission
The Financial Conduct Authority of the Republic of Seychelles
– controls the activities of Nymstar Limited

Exness sign up for demo account

For the convenience of new clients, the broker offers a training account based on the Exness MT4 and MT5 terminals. You can get access to it after you register on the Exness official site. Exness demo account enables you to get acquainted with the broker's features, check the performance of the technical support team and functioning of the terminals. A free account is a perfect chance to learn the rules of forex trading without fear of losing money, make the first deal and create the trading strategy. MT4 Exness demo account download is fast and completely free. Once you choose this broker for your activities, make sure to test platform operation in a demo mode.
Exness Web Terminal

Exness account types

Exness broker offers a wide variety of trading account types. Each of them is suitable for a variety of trading styles. They are divided into two main types: standard and professional. There are individual conditions for commissions, margin requirements, and leverage for every account type. The main features are described in the below table:
Standard Exness accounts are suitable for all traders regardless of their trading experience. They allow you to trade small lots (minimum lot size is 0.01) with a low Exness minimum deposit of just 1 USD. Your orders will be executed with market execution. And you can choose from a wide range of financial instruments, including forex currency pairs, metals, cryptocurrencies, energies, and indices.

Professional accounts offer instant order execution and are recommended for more experienced traders.

Platforms

Exness works only with trusted partners and keeps the quality of the service provided to customers at a high level. Platform participants can choose between two metatrader Exness types - the MetaTrader 4 or MetaTrader 5 terminals.
Compare MetaTrader 4 vs MetaTrader 5
Exness MT4 terminal
According to the opinion of experienced traders, Exness MT4 download is the most popular choice. All traders agree that MT4 guarantees the quality and safety of trading operations. For traders who are accustomed to working in a comfortable and multifunctional environment, MT4 gives maximum freedom of activity:

  • Analysis of changes in the value of assets;
  • Adding the necessary indicators to the price chart;
  • Conducting trades using all kinds of strategies and trading systems;
  • It is allowed to use the hints of managers;
  • You can study the latest market trends and conduct analytical work.

MT4 users can create their own bots and scripts, and professional players can use MetaTrader 4 - MultiTerminal, which makes it possible to analyze data from several accounts at once.
Exness MT5 terminal
MetaTrader 5 is a modern platform that allows traders the most advanced features to make the trading as convenient as possible. This terminal offers:

  • A large number of new indicators;
  • Many new robots;
  • A large selection of expiration options;
  • Security and stability of transactions;
  • Creation of bots and scripts launched from the terminal;
  • The ability to insure the operation against negative scenarios;
  • Saving the history of transactions;
  • Tracking the latest data;
  • Access to various forecasts.

In order to use all this functionality, you just need to register on the site, download the program, and you can start working. For those who do not want to work with such software, a web version of MT4 is available. It is enough to go online from any computer, go to the Exness com site and start trading from any web browser. Web-Terminal MT4 does not differ from the software version. It is also safe and reliable. And it had all the necessary functions for conducting forex trading.

Here is a comparison of main features of Exness platforms.
Exness Metatrader 5
Meta Trader 5
In order to use all this functionality, you just need to register on the site, download the program, and you can start working. For those who do not want to work with such software, a web version of MT4 is available. It is enough to go online from any computer, go to the Exness site and start trading from any web browser. Web-Terminal MT4 does not differ from the software version. It is also safe and reliable. And it had all the necessary functions for conducting forex trading.

Here is a comparison of main features of Exness platforms.
Platform
Trading advisors and scripts
Indicators
Simultaneous trading on several accounts
Trailing Stops
MT4

MT5

Multi Terminal

Web Terminal
Mobile App
Signals
Platform
Trading advisors and scripts
Indicators
Simultaneous trading on several accounts
Trailing Stops



Signals
Platform
Trading advisors and scripts
Indicators
Simultaneous trading on several accounts
Trailing Stops
MT4

MT5

Multi Terminal

Web Terminal
Mobile App
Signals
Simultan. trading on several accounts

Mobile trading

Traders become more and more mobile and try to get as much information and services on the move as it is possible. Exness app download will provide uninterrupted access to trading and terminal options. Exness monitors the latest trends and allows its traders to trade from any location. The program is free and after launching provide the user with a lot of convenient options:

  • Quick market entry;
  • Analysis of technical data;
  • Working out strategies;
  • Work with deals;
  • Account transactions;
  • Withdrawal of funds and replenishment of the account;
  • Trading from a mobile device.
Exness Mobile app
The main advantage of using mobile applications is the ability to receive data at any time, even in the absence of a computer.

Customer support

According to Exness review feedback, the broker has an excellent customer support team that is available 24 hours a day, seven days a week. Customer Support can be reached via email, phone or live chat and it is available in many languages.
8 (800) 555-03-23;
support@exness.com;
Live chat
8 (800) 555-03-23;
support@exness.com;
Live chat
Besides, it is recommended to follow the company's blog. It is constantly updated with relevant content that contains a lot of useful information for every trader.

Education and analytics

The broker has only basic educational materials:
    Academy
    This section contains small videos that will tell you about the most important things in online trading.
    Webinars
    These online classes are held several times a month, though you will not be able to find these in archives on the site.
    Glossary
    This section consists of several dozen terms and the explanation to them.
    Academy
    This section contains small videos that will tell you about the most important things in online trading.
    Webinars
    These online classes are held several times a month, though you will not be able to find these in archives on the site.
    Glossary
    This section consists of several dozen terms and the explanation to them.
    Most platform users believe these educational materials are fine for beginners but will not be a novelty for traders that have enough experience.

    Exness offers traders a wide range of research and educational tools in the form of informational trader calendars on its website and mobile app. Exness has a trader calculator, a tool for understanding and analysis, training for traders and tools to enhance their experience.
    You will also find the latest information from Dow Jones News on the platform. As you can see, the company gives its clients enough information so that they can make the right decision. Please note that there are no specific signals, so traders should deal with the interpretation of important signals on their own.

    Additional services

    The broker offers VPS hosting. This service has a lot benefits:
    Instant receipt of quotes thanks to the VPS server location in the same data center with trade servers;
    Excellent stability indicators that do not depend on the quality and speed of the user's Internet connection;
    The ability to trade around the clock, using any operating system and any device;
    The ability to trade without installing additional software.
    Instant receipt of quotes thanks to the VPS server location in the same data center with trade servers;
    Excellent stability indicators that do not depend on the quality and speed of the user's Internet connection;
    The ability to trade around the clock, using any operating system and any device;
    The ability to trade without installing additional software.
    There are also some restrictions for using this service:
    the initial amount on the account must exceed $500;
    the client does not have access to independent software installation on the terminal.
    the initial amount on the account must exceed $500;
    the client does not have access to independent software installation on the terminal.

    A brief overview of the Exness commission system

    Broker Exness employs a variety of practices in calculating commissions. Thus, on Standard, Cent and Pro accounts, a floating spread is used, which depends on the current market situation. Raw Spread accounts use a combined system of a small spread and a fixed commission per trade. Zero accounts are characterized by the absence of a spread and a fixed commission per trade.

    Payment options

    The broker supports several payment methods to make trading available to traders from all locations. So you will not struggle with the deposit and withdrawal process. The main characteristic of deposits and withdrawals is that they are instant in the majority of cases. Besides, the broker does not take any deposit or withdrawal fees. The only exception is Skrill withdrawals - for all operations below $20 you will have to pay $1. The platform accepts payments via many Electronic Payment Systems (EPS) to make this operation available in all countries.

    Moreover, you can open an account in more than 60 different currencies. It helps customers save on conversion services. So, if you trade from South Africa, you can open an account in your local currency and avoid additional expenses.
    Exness - website

    Earn with Exness

    The broker offers an alternative way to earn money to all its clients. In simple words, you need to tell all your friends and acquaintances about the platform, persuade them to use it and get paid for this. With every transaction that your referred clients make, you will receive a reward. After registering on the site, you will get a unique URL link. All the clients you are going to attract should register using this link. After they activate your affiliate link and register an account with us, they will automatically become your registered referrals. Further they can use their Exness login to sign up the platform. Anyone can be a partner. No special requirements, basic knowledge or experience in Forex is required. How much will you earn? So if Exness makes a $100 profit from one of your registered customers' transactions during the day, you will make a $40 profit.
    Exness affiliate program

    Pros and cons

    Advantages
    • A good selection of trading instruments
    • Several trading account
    • Licenses from several regulators
    • Low commissions
    • Free VPS server
    Disadvantages
    • Lack of indicators
    • Poor selection of educational resources
    Advantages
    • A good selection of trading instruments
    • Several trading account
    • Licenses from several regulators
    • Low commissions
    • Free VPS server
    Disadvantages
    • Lack of indicators
    • Poor selection of educational resources
    Nowadays, there is high competition for each client on the market, and only brokers with favorable trading conditions can maintain firm positions in the industry. As shown in this Exness broker review, the company met this challenge by becoming a fully customer-oriented broker. It managed to create a beneficial trading environment for the client. Constant updating of the service according to the latest trends, providing competent support and timely responses to traders' queries prove the reliability of the project. According to Exness reviews, the broker is suitable for all qualifications of traders. Also, take into account a long period of successful operation of the platform, the availability of all necessary licenses, prestigious awards and compliance with the user agreement.
    Exness advantages and disadvantages

    GENERAL RISK WARNING:

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
    87% of retail investor accounts lose money when trading CFDs with this provider.
    You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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