Exness is a leading online trading platform trusted by many investors around the world. The platform offers a wide range of trading tools and resources, meeting the needs of both beginners and experienced professionals. To better understand what Exness is? Please follow the general information about Exness broker shared by TraderForex below to make the most effective transactions.
What is Exness?
Exness trading platform was established in 2008, headquartered in Limassol city, Cyprus. Exness operates through its official website exness.com. Then, Exness moved its headquarters to Europe in 2012. This transition brought great progress, helping Exness become one of the largest retail forex brokers globally.
According to a report from Exness, as of December 2019, the monthly trading volume on the exchange reached 325.8 billion USD, the number of active traders worldwide exceeded 72,721 people.
Today, Exness serves customers from many different countries, with a website translated into 15 languages and offices located in many locations, including two main offices in Saint Vincent and the Grenadines. In addition, Exness is also a strong financial group with many member companies such as:
- Exness (Cy) Ltd
- Exness (UK) Ltd
- Nymstar Limited,…
This shows that Exness is not only growing strongly in the field of foreign exchange but also expanding its influence into other fields such as long-term and short-term stock investment. After more than 15 years of operation, Exness has reached a trading volume of up to 2,747 trillion USD, attracting more than 368,151 traders from all over the world.
Evaluate Exness’s reputation
When trading in the foreign exchange market, the most important thing is that investors need to choose a reputable and professional platform. A reliable exchange will have measures to ensure the rights and peace of mind for customers. So is Exness really reputable? To understand this issue, let’s explore with TraderForex the following Exness evaluation criteria:
Operating license
Exness affirms its position as a leading reputable broker with a diverse operating license system, licensed and strictly managed by reputable financial institutions. Thanks to this, Exness ensures a safe, transparent trading environment and maximizes the rights of customers globally.
List of licenses Exness owns:
- FSA (Seychelles): License SD025, authorized and regulated by the Seychelles Financial Services Authority.
- FSCA (South Africa): FSP number 51024, licensed by the Financial Sector Conduct Authority of South Africa.
- CySEC (Cyprus): License 178/12, licensed and regulated by the Cyprus Securities and Exchange Commission.
- FCA (UK): Financial Services Registration Number 730729, authorized and regulated by the FCA Financial Services Authority.
- CBCS (Curaçao and Sint Maarten): License number 0003LSI, licensed by the Central Bank of Curaçao and Sint Maarten.
- FSC (BVI): Registration number 2032226 and investment business license number SIBA/L/20/1133, licensed by the British Virgin Islands Financial Services Commission.
- FSC (Mauritius): Registration number 176967 and business license number GB2002529, licensed by the Mauritius Financial Services Commission.
Achievements acquired
By the end of 2022, Exness achieved a series of impressive achievements, affirming its leading position in the foreign exchange and CFD brokerage industry. Below are some outstanding achievements recorded in Exness’s public financial reports:
Market expansion:
- Exness has achieved more than 2 million account registrations around the world. This is a testament to Exness’s strong attraction to investors in all regions.
- More than 414,502 investors were active in the first month of 2023 alone. This shows the high level of trading participation and customer trust in Exness.
Trading volume exploded:
- The total trading volume at Exness reached more than 2,822 trillion USD in just January 2023. This is a record number affirming Exness’s leading position in the brokerage industry.
- Exness is the first broker with monthly trading volume exceeding the standard of 1,000 – 2,000 billion USD. This demonstrates the potential and strong development of the Exness platform.
Prestigious awards:
Since its formation and development, Exness has received many prestigious awards from prestigious financial magazines such as:
- “Best Trade Executions”, “Best Order Management” and “Best Mini Broker” awards in New Zealand.
- “Best Customer Support” award at Financial Markets Expo, Cairo, 2021.
- “Premium Loyalty Program Award” at Financial Markets Expo, Cairo, 2021.
- “Most Innovative Broker” award at Dubai Expo, 2021.
- “Most People-Centric Broker” award at Traders’ Summit, 2021.
- “Global Broker of the Year” award at Traders’ Summit, 2021.
These achievements are testament to Exness’s reputation, service quality and constant efforts in bringing the best trading experience to customers.
Independent Audit
Exness also conducts a comprehensive independent audit of its operations. All financial reports related to trading volume, customer withdrawals and partner bonuses are transparently published on the website. Auditing activities are performed by Deloitte – the world’s leading auditing company, ensuring transparency and reliability.
Compensation Fund
Exness is a member of the Financial Commission – an international organization specializing in resolving disputes in the forex market. This organization plays a neutral role to review and resolve complaints fairly. Exness’ insurance fund acts as a protection policy for customers, ensuring each investor can receive compensation of up to €20,000.
Privacy Policy
Exness’ platform was hit by a DDoS attack around April 2016, causing disruption to its trading terminal and website. Although this issue affected user experience, the Exness team quickly detected it and fixed it within 24 hours. In particular, no personal information, funds or assets of customers were leaked or affected by this incident. This shows that Exness always focuses on protecting customers and their assets first.
Exness also enhances security through the use of methods such as Google Authenticator authentication, SMS codes and emails. This broker regularly organizes “bug hunting and reward” contests, inviting hackers around the world to participate in finding errors and vulnerabilities on Exness Global Limited’s websites, services and applications. Each contest not only helps Exness improve security but also increases user trust.
Types of accounts on Exness
To meet the diverse needs of every investor, Exness offers a variety of trading accounts. Each account type has its own special features and regulations regarding transaction fees.
Standard account
This popular account is the right choice for all traders, including newbies. The Standard account requires no minimum deposit, has floating spreads from 0.3 pips, and no commissions. In particular, the account has fast market order matching speed, with no re-quote phenomenon.
| Account Type | Standard | Standard Cent |
| Minimum deposit | 10 USD | 10 USD |
| Leverage | 1:Unlimited (MT4) 1:2000 (MT5) |
1:Unlimited (MT4) 1:2000 (MT5) |
| Product | forex, cryptocurrency, energy, metals, indices, stocks | forex, metals |
| Commission | 0 | 0 |
| Minimum lot | 0.01 | 0.01 |
| Maximum lot | 200 | 200 |
| Maximum Pending Orders | Unlimited | 1000 |
| Spread | From 0.3 pip | From 0.3 pip |
| Margin Warning | 60% | 60% |
Professional account
This is an account for experienced traders. This account gives traders access to a wide range of trading instruments including forex, metals, cryptocurrencies, energies and indices with very low spreads. It also has fast order execution speed and is suitable for types of traders such as scalping, day trading and algorithmic trading.
| Account Type | Raw Spread | Zero | Pro |
| Minimum deposit | 200 USD | 200 USD | 200 USD |
| Leverage | Unlimited |
1:2000 | 1:2000 |
| Commission | Up to 3.5 USD | Từ 3,5 USD | Free |
| Minimum lot | 0.01 | 0.01 | 0.01 |
| Maximum lot | 200 | 200 | 200 |
| Maximum Pending Orders | From 0.0 pip | From 0.0 pip | From 0.1 pip |
| Spread | Unlimited | Unlimited | Unlimited |
| Margin Warning | 30% | 30% | 30% |
Products at Exness
Exness opens the door for investors to access the global financial market through a CFD trading platform with a variety of asset types:
- Forex: 107 currency pairs including 7 major currency pairs and rare, minor currency pairs.
- Metals: 10 prominent metals such as gold, silver, platinum and Palladium,…
- Energy: Brent crude oil and natural gas.
- Cryptocurrencies: Popular cryptocurrencies are completely swap-free.
- Stocks: Invest in hundreds of stock codes of large companies in technology and industry such as Google, Amazon, Tesla, AliBaba, Intel.
- Index: Famous global indexes such as FTSE 100, S&P 500, Dow Jones,…
Trading fees at Exness
Exness’s goal is to create the lowest possible cost trading environment for customers. In particular, Exness commits to having no hidden fees, no account management fees, and no deposit and withdrawal fees. Therefore, when trading at Exness, you can rest assured about costs.
Super low spreads
Spread is the difference between the buying price and selling price of a currency pair, calculated in pips. When trading on the forex exchange, traders need to pay attention to this cost. At Exness, spreads are adjusted accordingly, varying according to each account type and trading product. For example, standard accounts have spreads starting from 0.3 pips, while professional account types can have lower spreads from as little as 0.0 pips.
Free SWAP
Swap is the fee investors must pay when holding an order overnight. However, Exness has decided to remove overnight fees for most trading instruments including major currency pairs, stocks, cryptocurrencies, indices and gold.
Commission
Information about Exness commission fees is as follows:
- Raw Spread Account: Commission up to $3.50 per lot/1 way.
- Zero Account: Commission from $0.2 per lot/1 way.
- Pro account: No commission fees.
This means that Exness standard and Pro accounts do not charge commissions. While Raw Spread and Zero accounts have different commission fees depending on the order type and trading market.
Leverage
Exness does not limit the maximum leverage for investors. However, the use of leverage in transactions should be done carefully. This is a tool that helps investors trade with a larger amount of capital than the amount deposited into their account. But using high leverage also puts investors at risk, especially for new traders.
Leverage levels at Exness may vary depending on the trading product and market conditions. Specifically, Exness regulates the deposit levels as follows:
| Leverage | Account Capital | Margin Required |
| Unlimited | <1000 USD | 0% |
| 1:2000 | 1000 – 5000 USD | 0,05% |
| 1:1000 | 5000 – 10.000 USD | 0,1% |
| 1:600 | 10.000 – 30.000 USD | 0,17% |
| 1:400 | 30.000 – 60.000 USD | 0,25% |
| 1:100 | 60.000 – 200.000 USD | 1% |
Exness trading platform
Not only does Exness offer two popular forex trading platforms, MT4 and MT5, but it also comes with the Exness Trader and Exness Terminal apps. This helps investors have a more flexible and effective trading experience.
MT4
MT4 (MetaTrader 4) is the world’s leading Forex trading platform, trusted by millions of professional and individual traders. Possessing an intuitive, easy-to-use interface and many outstanding features, MT4 gives you a flexible and effective trading experience:
- Wide accessibility: Traders can download MT4 for free and use it on any device such as computers, iOS and Android mobile phones. This platform supports multiple languages, meeting the needs of global traders.
- Flexible trading: MT4 has 6 diverse types of pending orders: Buy Stop, Sell Stop, Buy Limit, Sell Limit, Buy Stop Limit and Sell Stop Limit. At the same time, there are 2 types of instant order matching such as Market Execution and Instant Execution. Market Execution meets fast transaction speed.
- Powerful analysis tools: 30 popular technical indicators support predicting market movements. MT4 has 23 analysis objects such as trend lines, price channels, geometric models,… to help determine effective entry/exit points. There are also 9 flexible time frames from M1 to MN to help observe multi-dimensional markets and 3 types of charts such as candles, bars and lines for traders to visualize price trends easily.
- Diverse trading: Supports trading of 6 asset types: Forex, Metals, Energy, Indices, Stocks, Cryptocurrencies. Low spread difference from only 0.1 pip, saving transaction costs.
- Automated trading: Integrating robots and advisor systems (EAs) helps automate trading strategies and optimize efficiency.
MT5
MT5 (MetaTrader 5) is an upgraded version of the MT4 trading platform developed by MetaQuotes. Possessing many advanced features, MT5 gives you a comprehensive and professional trading experience:
- Diverse analysis tools: Built-in 38 technical indicators and 22 analysis tools to optimally support market analysis and predict price fluctuations. Possesses 46 graphic objects, including trend lines, price channels, geometric patterns,… to help determine effective entry/exit points. MT5 also has 21 flexible time frames from M1 to MN to observe multi-dimensional markets and chart types such as candles, bars, and lines to help visualize price trends easily.
- Flexible trading: Supports 8 types of pending orders: Buy Stop, Sell Stop, Buy Limit, Sell Limit, Buy Stop Limit, Sell Stop Limit, Stop Entry, Trailing Stop. Instant order matching and market order matching meet diverse trading needs.
- Diverse trading: Supports trading of 6 asset groups such as Forex, metals, energy, indices, stocks and cryptocurrencies. Spreads from 0.0 pip, competitive commission fees help save transaction costs.
- Advanced customization: Easily move stop loss points, do technical analysis and customize indicators, advisor systems (EAs) and scripts.
Exness Trader
Exness Trader is a mobile application developed specifically for regular traders, providing a convenient, fast and effective trading experience anytime, anywhere. The application is compatible with both iOS and Android operating systems, and is highly appreciated for its outstanding features and intuitive, easy-to-use interface.
- Simple, flexible transactions: Exness Trader easily deposits and withdraws money right on the application with many diverse payment methods, 24/7 support. Traders can trade with just one click and on a single screen, saving time and optimizing efficiency.
- Diverse trading tools: Offers more than 200 instruments from popular financial markets such as Forex, stocks, energies, indices and cryptocurrencies.
- In-depth analysis: Intuitive charts with a full range of popular technical indicators, helping you easily analyze the market and make informed trading decisions.
- Updated news: Provides an economic calendar and continuously updates important news and events affecting the market, helping investors make accurate predictions.
Exness Terminal
Exness Terminal is proud to bring investors a comprehensive and professional trading experience with an advanced charting technology platform, combined with an intuitive interface.
- Convenient, easy to use: Investors can use Exness Terminal right on the web browser without complicated downloads and installation, saving time and device space.
- Diverse tools: Supports more than 50 drawing tools and 100 in-depth technical indicators, helping traders analyze the market effectively and make wise trading decisions. Charts provided by TradingView, ensuring high accuracy and professionalism.
- Security and safety: Exness Terminal has all information securely encrypted, ensuring the safety of accounts and transactions.
- Flexible trading: Fully supports 6 types of pending orders: Buy Stop, Sell Stop, Buy Limit, Sell Limit, Take Profit and Stop Loss, meeting all investors’ trading needs.
Deposit – withdraw money on Exness
Tốc độ nạp rút tiền luôn là một trong những yếu tố quan trọng hàng đầu được nhà đầu tư quan tâm khi lựa chọn sàn giao dịch. Hiểu được điều này, Exness không ngừng nỗ lực nâng cao chất lượng dịch vụ, mang đến cho khách hàng trải nghiệm nạp rút tiền nhanh chóng, an toàn. Ưu điểm nổi bật về nạp rút tiền tại Exness:
24/7 automatic payment system
Exness owns a modern automatic payment system, operating continuously 24/7, including Saturday and Sunday. Thanks to that, your deposit and withdrawal transactions are processed quickly, saving time.
Diverse payment methods
Exness offers many convenient payment methods for you to choose from to suit your needs, including:
- Internet Banking: Transactions through reputable banks in Vietnam such as Vietcombank, Vietinbank, BIDV, ACB, …
- Ngan Luong: Pay quickly and safely via e-wallet Momo, Viettel Pay, Shopee Pay, …
- Visa/Mastercard: Deposit/withdraw money directly from international payment cards.
- E-wallets: Neteller, Skrill, SticPay – Reputable e-wallets in the international market.
- Cryptocurrencies: Bitcoin, USDT, USDC – Deposit/withdrawal using popular cryptocurrencies.
- VietQR, Wire Transfer: Support payment via QR code and international bank transfer.
Impressive transaction speed
Depositing money into your Exness account only takes a few seconds, withdrawing money only takes 3-5 minutes and you can receive money back to your account. Exness offers an outstanding deposit and withdrawal experience, helping you optimize your time and investment capital.
Customer Service
Exness is one of the reputable and quality trading exchange, with customer support services that are considered extremely professional. The Exchange always puts customer satisfaction first, so any problems or questions of traders will be resolved quickly.
Exness’s customer service staff can provide support in 15 different languages, including Vietnamese, which is very convenient for Vietnamese traders. However, Vietnamese support is only available from Monday to Friday. On weekends, you will receive support in English.
When you need support, you can contact Exness through the following channels:
- Phone: 18006371
- Email: support@exness.com
- Chat online on the website
The most detailed way to register for Exness
To start their trading journey on Exness, investors need to follow the following detailed instructions to register a new account:
Step 1: Access Exness
You go to the official Exness website and click the green “Register” button in the top right corner of the screen.
Step 2: Fill in information:
- Enter your mobile phone number and select the appropriate country code.
- Provide a valid email for the system to send confirmation information.
- Create a strong password that includes at least 8 characters, a combination of uppercase letters, lowercase letters, and numbers.
- Click “Continue registration” to move to the next step.
Step 3: Confirm registration
- Check your inbox for the activation code sent via email.
- Enter the activation code in the box provided.
- A verification code will also be sent to your phone number and enter this code in the corresponding box.
- Click “Confirm” to complete the confirmation step.
Step 4: Complete the profile
Traders need to provide complete personal information including full name and date of birth. Then you carefully read and agree to Exness’s terms and regulations, click “Continue”.
Step 5: Set up account security
Choose the desired investor account security method:
- Mobile phone number (high level of security)
- Email (low security level)
Enter the verification code sent to the selected security method. You then create a 6-10 character secret code to use when contacting support
Step 6: Complete profile and verify identity
Provide full detailed personal information, including:
- Identification documents (ID card/CCCD/Passport)
- Document number
- Nationality
- Current residential address
Investors need to upload a clear image of their identification documents as required, and take a selfie of themselves holding their identification documents next to their face.
Step 7: Choose a trading platform and open an account
After completing the profile, you will be redirected to the main interface. Now, choose your desired trading platform: MT4, MT5, Exness Trader. Next click the “+” button and follow the instructions to open a trading account.
Outstanding features of Exness
Exness has been holding a leading position in the forex trading industry over the years, which is no coincidence. This trading platform has attracted the trust of many users because of the following outstanding advantages:
Provide knowledge and news for traders
Exness not only provides a professional trading platform but also sets up a page that provides the latest news from the market and necessary knowledge for investors. This homepage helps traders save time when searching for reliable sources of information to improve their knowledge and update important information about the market. From there, traders will be more confident when making trading decisions and optimizing investment results on Exness.
Simple, multilingual interface
The interface of the Exness website is considered user-friendly. With the main color tone being black and white, this platform is not distracting and does not have too many advertising banners like other platforms. The website’s layout is scientifically arranged with prominently designed registration and login buttons. Important items such as accounts, tools and trading platforms are placed on the menu bar to help users easily find information.
Exness supports up to 15 different languages to meet the needs of customers from many countries and regions around the world. The Exchange always ensures that every trader can experience and understand the services and information easily. In particular, Exness also supports Vietnamese and has support staff to quickly answer questions, bringing convenience and peace of mind to Vietnamese traders.
Good liquidity, large trading volume
Trading volume on Exness has increased significantly in 2021, 2022 and early 2023. This shows the stability of the Exness trading platform. This increase is not only a result of strategies to retain existing customers but also attract new customers. Exness’s outstanding growth has become a testament to the exchange’s reputation, product quality and good liquidity.
Unlimited minimum deposit
Most quality forex trading Exchange often impose a minimum deposit of 200 USD or more. However, Exness offers a completely different experience with two account types that do not require a specific minimum deposit. This makes Exness an ideal choice for new investors or those who want to test trading before making large investments.
VPS hosting wallet
Exness offers free VPS hosting for fast and reliable order execution. This service prevents the risk of transaction disruptions by providing uninterrupted internet coverage.
Comprehensive price history
Additionally, Exness allows clients to access a comprehensive price history archive of trading instruments. By visiting the Exness website, selecting a specific instrument and time period, users can download zip files containing historical buy/sell price data.
Disadvantages of Exness
In addition to the above outstanding advantages, Exness still has some limitations such as:
Complex accounts
Investors may encounter many difficulties when creating an Exness account because the registration process requires a lot of detailed information and strict verification steps. Although this makes the initial registration process complicated, it is also a way for Exness to ensure security and prevent fraudulent activities, protecting the interests of customers and the exchange.
Accounts are often locked
If an investor deposits a large amount of about 1 million USD during the day, Exness may consider blacklisting the account to check for activities showing signs of money laundering. This process may result in a temporary lock of the account for a few days to verify the source of funds before allowing the trader to continue trading. This shows that Exness attaches special importance to compliance with the law and protecting the interests of investors.
Slippage is high when there is new news
The spread at Exness is quite stable, but when there is important news, the spread can increase. This makes placing stop losses ineffective in some cases. However, this is also a common weakness of most other exchanges when important information is published.
Questions related to Exness Exchange
Is Exness legal?
Exness is one of the reputable forex brokers in the foreign exchange market. This exchange is licensed to operate by many reputable financial agencies globally such as FSA, CySEC, FCA, FSC, FSCA and CBCS. These agencies are responsible for monitoring and managing Exness’s operations, ensuring transactions take place in a transparent environment and comply with legal regulations. Therefore, investors can be completely assured about the legitimacy and reliability of Exness.
Is Exness a scam?
The answer is no. Exness operates under the management of the world’s leading financial corporations. With more than 15 years of operation in the market, Exness has built credibility and reputation in the forex industry. Exness’s long existence and approvals from various financial institutions are clear evidence of its reliability.
Why can’t I withdraw money on Exness?
Investors may have difficulty withdrawing money from Exness if they encounter problems such as:
- The system is maintenance
- Did not reach the minimum withdrawal amount
- Use different deposit and withdrawal methods
- The receiving account is locked
- Make two withdrawal requests at the same time.
Why can’t I deposit money on Exness?
There are several possible reasons why investors cannot deposit money into Exness such as:
- Exness account is not verified
- The minimum deposit amount is not met
- Limit the deposit amount of the payment method
- Payment method is not supported or available in your area…
With the detailed information TraderForex shared above will help you better understand Exness. Traders can refer to it to make the most accurate investment decisions. This foreign exchange investment can bring a lot of profits but comes with a high level of danger and risk. Therefore, investors need to learn carefully about Exness to ensure effective transactions and limit risks.
Related
Source: Vietnam Insider