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Regulated: Regulated by CySEC
Min Deposit: No Minimum Deposit
Min Trade Amount: 0.01 Cent Lot
US Clients:
Bonus: 35% New Deposit Bonus!
Leverage: 2000:1
Free Demo Account:
Trading Platform: MT4, EXNESS Web Trader, EXNESS Mobile
Types of assets: 134 Curreny Pairs
Payment METHOD NAME Charge Time

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Full Review

About EXNESS

EXNESS (CY) LTD (registration number HE 293057) is a Forex and CFD trading platform with headquarters located in Cyprus. It also has a presence in St. Vincent and Grenadines and Russia. EXNESS (CY) LTD operates the EXNESS forex brand and is authorized and regulated by CySEC (Cyprus Securities and Exchange Commission), with license number 178/12.

 

Special Offers and Bonuses

Traders who use EXNESS can expect to receive several bonuses and participate in promotions on EXNESS. These are:

a)    A general deposit bonus of up to 35% of the account deposit. This goes out to new traders.

b)    Special bonuses which are applied to the various account types as follows:

–       The “Profit Ladder” bonus program. Bonuses are differentiated based on trading volume.

–       The “Golden Ladder” bonus program. Here, the size of the bonus is tied to the price of gold, and the size of the bonus increases with increasing trading volume on a trading account. Put another way, the more actively a client trades, the greater the bonus amount.

c)     For Classic account holders, the bonus reward comes in the form of a percentage of the deposit amount. Deposits are increased by 10%.

Trading contests are also available on EXNESS. These are as follows:

–       The Traders Community Battle: Open to Mini account holders, this contest pays out between $800 and $2,400 to the top 5 traders. This is a monthly contest.

–       Strategy for Success 35, also open to Mini Account holders and shares out 500 USD (250 USD cash + 250 USD bonus) to the top trader, 300 USD bonus to the 2nd placed trader, 200 USD bonus to the 3rd placed trader and 100 USD bonus to the 4th and 5th placed traders.

 

Types of Trading Accounts

What account types are available on EXNESS? Account types can be broadly classified into four types:

a)    Cent: This is the basic account type for beginners in which there is no minimum deposit. Leverage is 2000:1 and minimum trade size is 0.01 cent lot and maximum trade size is 1 cent lot. The account is denominated in cents and not dollars. The use of hedging and experts is not allowed on this account type. Margin call and stop out levels are 60% and 30% respectively.

b)    Mini: This account type comes with no minimum deposit. Maximum trade size is 0.01 lots and maximum leverage is set at 2000:1. Margin call and stop out levels are 60% and 30% respectively. There is no maximum trade size.

c)     Classic: Minimum deposit and leverage is set at $2000 and 2000:1 respectively. Minimum and maximum trade size is set at 0.1 lots and unlimited respectively. Margin call and stop out levels are 30% and 10% respectively.

d)    ECN: The ECN account attracts a minimum commission of $25 per standard lot traded, with a minimum trade size of 0.1 lots. There is no maximum trade size. Margin call and stop out levels are 100% and 50% respectively. Leverage is set at 200:1 and there is multi-bank access to the interbank market.

The Mini, Classic and ECN accounts can be traded with expert advisors, and hedging strategies are allowed.

 

Trading Platform Features

EXNESS traders can choose to trade on any of these platforms:

a)    MetaTrader4: EXNESS offers its clients the chance to trade forex on the enhanced MetaTrader 4 terminal. All account types can be traded on this platform.

b)    EXNESS Webtrader: This is the web-based version of the MT4 platform that traders can access from any computer that has an internet connection.

c)     Mobile Platforms: Trading can also be done on the various mobile devices. The platforms used are the EXNESS iTrader (iPhone and iPad), the EXNESS droidTrader (Android devices) and EXNESS MT4 Mobile for Windows smartphone users.

 

Commissions and Spreads

The commissions and spreads obtainable on EXNESS are spelt out below.

a)    EXNESS Classic Account

Symbol Spread*
AUDCAD 6
AUDCHF 2.5
AUDCZK 125
AUDDKK 30
AUDGBP 4
AUDHUF 125
AUDJPY 0.1-1.7
AUDMXN 80
AUDNOK 50
AUDNZD 12
AUDPLN 50
AUDSEK 65
AUDSGD 10
AUDTRY 30
AUDUSD 0.2-1.4
AUDZAR 90
CADCHF 7
CADCZK 120
CADJPY 10
CADMXN 300
CADNOK 70
CADPLN 45
CADTRY 35
CHFDKK 20
CHFHUF 120
CHFJPY 8
CHFMXN 300
CHFNOK 30
CHFPLN 50
CHFSEK 45
CHFSGD 10
CHFTRY 30
CZKPLN 7.5
DKKCZK 25
DKKHUF 25
DKKJPY 1
DKKPLN 8
DKKSGD 7
DKKZAR 50
EURAUD 7-13
EURCAD 6
EURCHF 1.5-7
EURCZK 35
EURDKK 60
EURGBP 0.3-1.3
EURHUF 40
EURJPY 0.9-2.0
EURMXN 70
EURNOK 50
EURNZD 30
EURPLN 40
EURSGD 13
EURTRY 30
EURUSD 0.1-0.9
EURZAR 190
GBPAUD 15
GBPCAD 5.5
GBPCHF 10
GBPCZK 100
GBPDKK 60
GBPHUF 70
GBPILS 90
GBPJPY 3.5
GBPMXN 600
GBPNOK 70
GBPNZD 30
GBPPLN 65
GBPSEK 70
GBPSGD 17
GBPTRY 45
GBPUSD 0.1-1.1
GBPZAR 210
HKDJPY 0.5
HUFJPY 20
MAGUSDk 5
MXNJPY 5
NOKDKK 9
NOKJPY 4
NOKSEK 16
NZDCZK 45
NZDDKK 120
NZDHUF 50
NZDJPY 10
NZDMXN 80
NZDNOK 50
NZDPLN 45
NZDSEK 70
NZDSGD 18
NZDTRY 40
NZDUSD 0.2-1.7
NZDZAR 70
PLNDKK 35
PLNHUF 300
PLNJPY 80
PLNSEK 35
SEKDKK 6
SEKJPY 1
SEKNOK 10
SGDHKD 28
SGDJPY 4
TRYDKK 9
TRYJPY 15
TRYZAR 150
USDCAD 0.3-1.4
USDCHF 0.3-1.2
USDCZK 70
USDDKK 28
USDHKD 6
USDHRK 400
USDHUF 90
USDILS 400
USDJPY 0.2-0.9
USDMXN 70
USDNOK 35
USDPLN 45
USDRUB 55
USDSEK 45
USDSGD 8
USDTRY 22
USDZAR 110
XAGAUD 7
XAGEUR 5
XAGGBP 8
XAGUSD 6.5
XAUAUD 105
XAUEUR 75
XAUGBP 85
XAUUSD 5-45
ZARJPY 1.5

 

b)    EXNESS ECN Account

 

Symbol Spread* Commission1
AUDCADe 6 25 USD
AUDCHFe 6 25 USD
AUDJPYe 8 25 USD
AUDNZDe 12 25 USD
AUDUSDe 1-3 25 USD
CADCHFe 7 25 USD
CADJPYe 10 25 USD
CHFJPYe 8 25 USD
EURAUDe 7-13 25 USD
EURCADe 6 25 USD
EURCHFe 1.5-7 25 USD
EURCZKe 35 25 USD
EURDKKe 60 25 USD
EURGBPe 0.5-2 25 USD
EURHUFe 40 25 USD
EURJPYe 0.7-2 25 USD
EURNOKe 50 25 USD
EURNZDe 30 25 USD
EURPLNe 40 25 USD
EURTRYe 30 25 USD
EURUSDe 0 25 USD
EURZARe 190 25 USD
GBPAUDe 15 25 USD
GBPCADe 19 25 USD
GBPCHFe 10 25 USD
GBPJPYe 4 25 USD
GBPNZDe 30 25 USD
GBPSEKe 70 25 USD
GBPUSDe 0 25 USD
NOKSEKe 16 25 USD
NZDJPYe 10 25 USD
NZDUSDe 4 25 USD
USDCADe 0 25 USD
USDCHFe 0.7-2 25 USD
USDDKKe 28 25 USD
USDHKDe 6 25 USD
USDHUFe 35 25 USD
USDJPYe 0 25 USD
USDMXNe 70 25 USD
USDNOKe 35 25 USD
USDPLNe 45 25 USD
USDSEKe 45 25 USD
USDSGDe 8 25 USD
USDTRYe 22 25 USD
USDZARe 110 25 USD

 

Charting Packages

Charts on EXNESS are available on the respective platforms.

 

Education and Demo Accounts

EXNESS has a number of educational and trading materials on their site. These are:

a)    A section on forex analytics.

b)    Online lessons and periodic webinars

c)     A forex VPS service for live account holders.

 

Customer Service

EXNESS customer support is available using the following means of communication:

 

a)        Phone: +7 812 4548 812

b)        Email: [email protected]

[email protected]

d)    Live chat support service

e)    Physical Address:

– Office 309, Regus Nevsky Plaza Business Centre, Nevsky prospect 55, lit. A, Saint Petersburg, Russia.

– 46, Ayiou Athanasiou Avenue, Interlink Hermes Plaza, Office: 301 A, 3rd Floor, 4102, Limassol, Cyprus

– Cedar Hill Crest, Villa, VC0100, Kingstown, St. Vincent and Grenadines.

 

Deposits and Withdrawals

Deposits can be made on EXNESS as follows:

a)    Local Payments: This is a convenient option for making deposits using virtual prepaid cards that are nominated in the national currency of the trader’s country. This is done using the EXCARD.

b)    Electronic payments can also be made using Skrill (Moneybookers), Ukash, Payweb, Neteller, Filspay, CashU and Perfect Money.

c)     Bank Cards: UnionPay, JCB, VISA and MasterCard are methods of conducting credit/debit transactions.

d)    Bank wires are also used for depositing and withdrawing funds.

 

Deposit Limits

The minimum deposit requirement differs from one method of transaction to another. For bank transfers, it is $10. For Skrill and Neteller, it is $10.  CashU, EXCARD local payments, PayWeb, Ukash, internal transfers and WebMoney attract minimum deposits of $1.

There are generally no maximum deposit limits except for card methods which have a specified deposit limit that is given to traders when they open accounts.

 

Withdrawal Limits

The minimum withdrawal limits are the same as the deposit limits, with the exception of local payments and Neteller which stand at $5 and $4 respectively. There are no maximum withdrawal limits. Skrill, Perfect Money, PayWeb, Neteller and WebMoney come with instant withdrawals.

 

Conclusion

EXNESS caters for all types of traders with their multiple account types, trading platforms and trade conditions. However, a lot more educational content needs to be put up to cater to new traders.