Exness Review 2024: Pros, Cons, & Fees
However, I would have liked two-factor authentication (2FA) to provide an added layer of security. This review of Exness evaluates the trading experience using the 200+ data points and multiple rounds of hands-on tests we’ve been conducting since August 2021, plus comparisons with our 267 alternative brokers. Exness operates as a regulated broker, ensuring a safe trading environment.
Empowering Traders
Some accounts offer zero-commission trading, while others have volume-based charges. For example, the Raw Spread Account may incur up to $3.50 per side per lot, while the Zero Account starts at $0.1 per side per lot. Exness is recognized for its diverse asset offerings, regulatory compliance, competitive trading conditions, and user-focused approach. Funding and withdrawals are processed fast, with a wide array of methods available. The intuitive Terminal platform, round-the-clock support, and micro-lot trading make Exness an appealing choice for beginners.
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers xcritical rezension due to his extensive experience and understanding of the brokerage industry. Within the website’s blog section, Exness features a category dedicated to education, with articles covering topics such as trading strategies and platform features.
Exness offers 24/7 customer support with live chat, email, and phone options, making it accessible and convenient for beginner traders. For traders who may not engage in frequent trading, it’s worth noting that Exness is amongst the few brokers that do not levy an inactivity fee. Real trading accounts can be archived, and there are no charges or fees for inactive trading accounts or to reactivate an archived trading account. Only demo trading accounts will be deleted automatically after a period of inactivity.
Islamic Account
Exness provides a reliable mobile trading experience, as evidenced by its positive reviews. The mobile apps are well-suited for traders who need flexibility in trading from various locations. With our fast paced lifestyle it is excellent that trading platforms are providing such great mobile apps. Yes, overnight fees, or swap fees, apply to positions held after market hours. The cost varies by trading instrument and account type, and detailed information is provided to help traders make informed decisions.
Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature xcritical scam with a minor in Philosophy from San Francisco State University. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team. The user-friendly platform at Exness makes trading effortless, even for those who are new to the game.
Trader App
The broker’s efforts to minimize fees make it a favorable choice in this regard. Exness offers mobile trading apps, as well as MT4 and MT5 for both Android and iOS devices. These apps grant traders the flexibility to access their accounts, execute trades, and monitor market developments while on the move. The inclusion of indices, stocks, and options further enhances trading opportunities, providing exposure to various market segments and strategies.
- The margin call level is at 30%, the minimum trade size is 0.01 lots, and the minimum deposit is $200, which is low considering the competitive pricing environment.
- It represents the amount set aside from your account balance to support trades.
- Overall, these are both nice touches to otherxcritical powerful charts, loaded with over 100 indicators and almost as many drawing tools.
- Customer support is always available when I need them and the app has a user-friendly interface so easy to learn.
The proprietary Exness Terminal is equally efficient with its powerful trading interface accessible via the web browser. The Zero account offers you 0.0 point spreads on 30 currency pairs for 95% of the trading day, making it an ideal choice for your EA and automated trading strategies. Yes, Exness provides free demo accounts for all their account types except Standard Cent. By default, the demo account provides access to MT5 with $10,000 in virtual currency, but you can use it to explore all available platforms. Read my full guide on the best brokers offering demo accounts, also known as paper trading, to learn more.
Exness neither offers neither bonuses nor promotions, but it maintains a high-paying partnership and affiliate program with up to 40% revenue share or $1,850 per client. Exness notes 119,000 partners, $1B+ in affiliate payouts, and $2.9M as the top monthly affiliate payout. Exness received numerous awards for various aspects of its competitive trading products and services. Exness supports a variety of funding methods including Bank Wires, Neteller, credit cards, and Skrill. However, it does not support PayPal, which might be a drawback for some users.