Exness

https://www.exness.com/

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About Exness

Summary

Exness is a world-leading broker and also one of the largest out there, with a monthly trading volume of over $3 trillion and 800,000+ active clients. Exness offers trading on forex along with CFDs on stocks, indices, cryptocurrencies and commodities at competitive prices. The award-winning broker also has account types to suit both beginner and advanced traders on the MetaTrader terminals and their own proprietary trading platform.

Overall, we recommended Exness for traders both beginner and pro traders, offering excellent trading conditions and a very user-friendly suite of platforms. We also rate Exness well on safely with a long list of regulatory oversight. However this list does not include any local UAE regulation as of yet.

Exness Trading Instruments

Exness mainly offers forex and CFD products. Clients worldwide can access the following asset classes:

100+ forex pairs
80+ global stocks
6 commodities including metals and energies
27 crypto pairs
10 indices

While Exness hits most of the bases in terms of its product offering, this broker’s list of trading instruments may not always be as extensive as others.

Exness Commissions, Spreads and Fees

Trading Fees
Exness offers fairly competitive variable spreads and commission. But as always, the costs you incur trading with Exness will depend on your account type and the instruments you trade.

On the Standard and Standard Cent Accounts, spreads start from 0.3 pips, with no commissions on all trading volumes. The main difference between the two being that the Standard Cent account is designed for new traders, offering micro lots but fewer trading options.

Looking at Exness’ professional accounts, the Raw Spread Account comes with spreads from 0.0 pips with commission of up to $3.50 each side per lot, while the Zero Account also offers spreads from 0.0 pips, but a lighter commission structure from $0.2 each side per lot. Finally, the Pro Account comes in at the most competitive for traders, with spreads from 0.1 pips and 0% commission.

Swap Fees
Some asset classes offered by Exness are swap-free by default, such as crypto and stocks. Other asset classes however do incur these rollover costs when holding positions overnight.

With that said, Exness does offer Swap-Free accounts for traders looking to trade in line with Islamic principles. Exness also states on its website that no extra costs will be incurred by traders if they opt for this account type.

Non-Trading Fees
A big plus for Exness traders is their free deposits and withdrawals. This broker also does not charge any inactivity fee. However MT4 accounts will be disabled if left inactive for 180 days, and MT5 accounts will be removed after just 21 days of inactivity.

Exness Deposits & Withdrawals

Traders based in the UAE and worldwide will almost always face zero cost when depositing and withdrawing funds with Exness. The broker also offers a wide selection of payment methods, including bank card and popular crypto wallets and eWallets including Neteller, Skrill and Perfect Money. Minimum deposit amounts range from $10 with a bank card up to $50 with Bitcoin. For withdrawals, the minimum amount ranges from $1 with SticPay to $100 if UAE traders opt to withdraw via USD Coin (USDC ERC20).

Exness Trading Platforms

When it comes to trading platforms, Exness has its own proprietary Terminal which combines with TradingView giving UAE traders a solid range of analytical tools and order types. The Exness terminal is an HTML 5 web app developed in-house by Exness’own programmers and designers, making it a reliable, fast, and user-friendly web platform.

Exness also offers MetaTrader 4 and Metatrader 5. Out of these, MT4 is by far the most popular choice for Exness traders due to their competitive forex spreads.

Exness also offers an in-house developed trading app, offering over 200 instruments across forex, crypto, indices, stocks and energies. This line up of platforms gives traders in the United Arab Emirates lots of choice to accommodate all trading preferences.

Exness Account Types

Exness offers 2 Standard account types and 3 professional account types. Below is a breakdown of each account type to help traders in the UAE choose the right one for them.

Standard accounts types offered by Exness include the Standard Account and the Standard Cent Account.

When it comes to professional accounts at Exness, clients can choose from 3 different accounts, including the Raw Spread Account, Zero Account, and the Pro Account. Here is a summary of these accounts and the main differences between each one.

Exness Regulation

Exness is made up of several entities which are licensed by well-known regulatory bodies such as CySEC of Cyprus, FSA of Seychelles, FSCA of South Africa, and FCA of the UK. Despite its global regulations, one disadvantage for Exness clients in Dubai and the UAE is that Exness is not regulated by any regulatory body in the United Arab Emirates.

Exness Research & Education

Exness offers simple yet comprehensive education which is separate from its main website. Educational resources are offered to Exness clients in the form of educational resources (beginner and intermediate), articles (explaining key trading concepts), and trading videos.

Exness Client Support

Overall, Exness ranks well when it comes to customer support. The broker offers 24/5 assistance in 14 languages. Clients will even find 24/7 support in English, Thai, and Chinese.

Exness offers live chat via the website, which is a convenient method for non-urgent matters. Clients can usually expect a reply back within the day. Exness also provides phone support for more urgent requests.

Helpline Telephone Number – +35725245730
Email Address – support@exness.com
Headquarters Address – Siafi Street, Portobello, Office 401, 3042, Limassol, Cyprus

Exness Conclusion

Highlights for Exness include its low forex spreads, unlimited leverage offering on certain instruments, and 24/7 english customer support. Exness is one of the world’s biggest brokers by trading volume and active client base, and certainly becoming more popular in the UAE.

At the same time, Exness doesn’t yet have a local UAE license which may be off-putting to some. Their product offering also isn’t as extensive as other brokers in the region. This is good for traders just looking for the basics, however more advanced traders looking for other asset classes like ETFs or local stock investing will not find this with Exness.

Overall, we would recommend Exness for beginner or advanced traders looking for reliability and a strong global presence, offering high leverage and competitive trading conditions.