EXNess Broker Review 2022 – Detailed Analysis on EXNess

 

EXness

– ECN/STP broker from Europe specialized in Forex and CFD

-Regulated by organizations such as CySEC

-Tight spreads and high leverage up to 1:200

EXNess-Broker Review

EXNess is a Forex and CFD broker which offers the possibility to trade with Forex (spot market), commodities like precious metals, and Contracts For Difference based on different assets like indices. This company offers many features for the trader including promotions for new clients, trading contests, ECN trading accounts, low spreads, various platforms, and others.
 
It is a regulated broker (CySEC from Cyrpus) with years of experience in the financial markets. It offers a variety of financial instruments, good trading conditions, various trading platforms, and low trading requirements (allows to trade with a minimum deposit of $10).
 
In this EXNess review, we are going to talk about the main services of this company, its trading conditions, special promotions, and other relevant aspects.


Type of broker

EXNess is a ECN/STP Forex broker.

Regulation

Currently, EXNESS is regulated by CySEC in Cyprus (CIF 178/12).

Country of origin

The headquarters of this broker is located in Cyprus and Russia.

Trading Instruments

The clients of this broker can trade in the market with the following financial instruments:
  • Forex market: 112 currency pairs in the spot market, including the most important such as the EUR/USD, USD/JPY and GBP/USD to other more exotic like the USD/ZAR, EUR/CZK, and the EUR/TRY among other.
  • Commodities: Gold and silver in the spot market, two of the most important and traded commodities. In this case, the client of EXNESS can speculate on the price of gold and silver against the US dollar and the euro.
  • Contracts For Difference (CFD) based on the following financial instruments:
    • Commodities such as platinum, copper, oil, gold, silver, and others.
    • Stock indexes like the S&P 500, Nikkei 225, FTSE 100 and others.
    • Shares of the main stock markets such as Amazon, Google, Apple, Exxon, and Microsoft, among others.
    • Cryptocurrencies like Bitcoin, Ripple, Ethereum, Bitcoin Cash, and Litecoin against the US dollar and the yen,

Trading Accounts​

EXNess offers five basic types of trading accounts which have the following characteristics:
Account type
Cent
Mini
Classic
ECN
Minimum deposit
$1
$1
$2000
$300
Maximum leverage
1:2000
1:2000
1:2000
1:200
Сomisión for 1 million dollars in transactions
No
No
No
25 USD
Deposits via e-currencies
Yes
Yes
Yes
Yes
Deposits by bank transfer
Yes
Yes
Yes
Yes
Spreads
From 0.3 pips
From 0.3 pips
From 0.1 pips
From 0.0 pips
Minimum trading volume
0.01 lots of cents (1000 cents)
0.01 lots(1000)
0.1 lots (10000)
0.01 lots(1000)
Maximum position volume
1 lot of cents
Maximum volume accumulated for all positions
10 cent lots
No limit
No limit
No limit
Maximum number of open positions
50
100
No limit
No limit
Margin covered
0%
0%
0%
100%
Margin Call/Stop out Level
60% / 30%
60% / 30%
30% / 10%
100% / 50%
Access to the interbank market
No
No
Dealer´s choice
Automatic multibank
Type of Order Execution (FOREX)*
Instant execution
Instant execution/Market execution
Instant execution/Market execution
Instant execution/Market execution
Order execution (CFD on Futures)
No CFD are offered by this account
Market execution
Market execution
No CFD are offered by this account
 
 
* For Mini and Classic accounts, the trader has the possibility to choose between instant execution (Market Maker) or market execution (ECN) in their transactions.

Demo Accounts

It offers a demo account with no limit of time.

Trading Platforms

This broker offers the following types of trading platforms for its clients:
  • Metatrader 4: This is one of the most complete and popular trading platforms in the Forex trading sector. It is a downloadable application that includes many trading features such as updated quotes, advanced price charts with many time frames (from 1 minute to 1 month), dozens of technical indicators and analysis tools, updated news, several types of orders, and many other. Also, this platform allows the creation, evaluation, and implementation of automated trading systems (Expert Advisors) based on technical analysis via a programming language called MQL 4.
  • WebTrader: This platform is a web-based application (No download or installation is required) that allows accessing the account and trading in the market from any place with an Internet connection. It is fully synchronized with the downloadable version of the MT4 platform. This application offers updated quotes, expanded charting options, and multi-language support.
  • Metatrader 5: This is the new and improved version of the Metatrader platform. It offers all the features and tools of Metatrader 4 and also is designed with a number of additional advantages such as more types of orders and execution modes, new technical analysis tools, access to a wider range of markets and alerts, and trading signals easy to implement among others. This terminal accepts Level 2 quotes which is designed to analyze the market depth. Price charts have been improved and now include 21 time frames. In addition, several limitations of MQL4 were eliminated in the new version and the number of functions and graphic objects has been increased. Finally, two additional conditions can be implemented to operate in the stock market: Fill or Kill (FOK) and Immediate or Kill (IOK).
Mobile Trading: EXNESS offers several applications based on Metatrader 4 and Metatrader 5 which allow the trader to access their trading account and operate in the market from any mobile device such as smartphones (Android and iOS). These platforms include a package of technical analysis, price charts, updated quotes, and full connectivity to the operator’s trading account from anywhere with an Internet connection.

Payment Options

The trader can deposit and withdraw funds through Bank Wire Transfer, Credit Cards (the most important like VISA and Mastercard), Skrill, Neteller, WebMoney, Perfect Money Bitcoin, and Tether.
 
In this case, deposits can be made in over ten currencies including Euros, US dollars, and sterling pounds.

Main Advantages of EXNess

  • EXNess is a European broker duly regulated by the CySEC in Cyprus, one of the main financial regulatory agencies in Europe.
  • It is a Forex broker that offers many financial assets for trading.
  • This broker offers regular promotions for new clients that open a trading account and deposit funds.
  • It is an ECN broker that offers trading accounts with  Market Maker or ECN trading conditions. In the Mini and Classic accounts, the trader can choose the type of execution.
  • Through the ECN accounts, the trader can have access to the interbank market which allows to trade with low and variable spreads and fast execution of orders (even of 0.1 seconds).
  • The client can use automated trading systems through its Metatrader 4 and Metatrader 5 platforms.
  • Through its website, EXNESS offers various analysis tools such as an economic calendar, updated market prices, price charts, and others.
  • Updated market news from Dow Jones.
  • Market analyses and reviews are provided by Trading Central, a famous website specializing in technical analysis.
  • The clients of this broker have access to free webinars focused on technical analysis.
  • Visitors of the website can request a free phone call to the customer service of EXNess through an online form.
  • EXNess offers the option to trade with fixed or floating spreads.
  • A VPS hosting service for customers who have an account with over 500 USD.
  • EXNess offers the possibility to earn money by promoting its services as a broker through an affiliate program.

Main Offers of EXNess

This company offers a bonus for each deposit of funds up to 55% of the amount deposited by the trader in their account.

Other Categories of this broker

  • CFD Broker.
  • Gold Broker.
  • Silver Broker.
  • Oil Broker.
  • Metatrader 4 broker.
  • Metatrader 5 broker.
Company    
EXNess
Minimum account size
$1
Minimum lot size
0.001 lot.
Maximum Leverage (Forex)
Up to 1:2000.
Spreads
Fixed and variable tight spreads from 0.1 pips for major currency pairs like the EUR/USD.
Link to the website
 

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