Exness Review

Broker Type: STP
Regulation: The Federal Financial Markets Service (FFMS) in Russia License #1421, New Zealand National Legislation Reg. No. NZ2442311
Headquarter: St. Petersburg, Russia
Established: 2008
Forex Broker Reviewed: Exness

Exness is founded in 2008 and Russia is their first base. Over the years, they are expanding to other countries such as China, Iran, and Malaysia. Their services include forex, CFD, and futures. As an STP broker, they offer quite good variable spread from 0.4 pip.

First, let’s see the Pros and Cons

Pros

- Fast execution

- Low variable spreads, great for scalpers (EA and manual)

- Leverage up to 1:1000

- Do not limit trading strategies

- Free VPS for MT4 EA

- Automatic withdrawal is possible

Cons

- Some traders have reported multiple re-quotes on their MT4 platform. This seems different for each trader, so I suggest you test it yourself by opening a Demo Account.

- Do not accept US clients

Exness Review – The Features

1. Spread

Depend on your account type, you can get as low as 0.1 pip spread (Expert Account). Spread is start from 0.7 pip for Mini Account and 0.4 pip for Classic Account. As an STP broker with variable spread, their spreads are quite low, which is a huge plus for traders.

More about STP: STP Forex brokers send orders directly from clients to the liquidity providers – banks or other brokers. In an STP broker, traders have access to the real-time market quotes and can execute trades immediately without dealer intervention.

2. Leverage

Depend on your account type, you can get as high as 1:1000.

3. Commission

An STP broker is compensated by adding mark up to the spread, thus no commission is charged for trading forex in Exness. However, they will charge commission if you trade CFD.

4. Minimum Deposit

Minimum deposit is USD 100 for Mini Account and USD 10,000 for Classic Account. Minimum lot size is 0.01 lot (1K). Deposit can be done via multiple means, mainly e-currency (Liberty Reserve, WebMoney, Moneybookers, Internal Transfers, Perfect Money, RBK Money, AlertPay,  etc), credit card, and wire transfer.

5. Expert Advisor

Allow MT4 based expert advisor. Furthermore, they also provide free VPS service for their client’s EA. This is a huge plus for a forex robot user since a reliable VPS can cost up to $ 100/month.

6. Other Features

Exness also offers Metal Currency Account. This feature allows you to distribute your funds between several precious metals and currencies, thus securing your capital against negative influences like rising inflation or volatile markets.

The broker isn’t limit your trading strategy, you can use scalping strategy, hedging, trailing stop, and so on. Islamic Account is available.

7. Trading Platform

Exness provides the popular MT4 and Mt5 platform for desktop user. Mobile trading is also possible by using MT4 for Windows Mobile.

8. Support

24/5 support via telephone, e-mails, and live chat. You can also request for a callback.

9. Citizenship

Accept clients from various citizenships, but do not accept US clients.

10. Currency Pairs

Provide 134 currency pairs, CFD, and futures.

11. Execution Type: instant execution.

Exness Review – Conclusion

Fast execution and low spread are two factors that most traders really consider when selecting a broker. In these two factors, Exness is one of the best, even a scalper can get profit on a steady basis here. Highly recommended.

Visit Exness