Our Review of Exness
**Exness**, headquartered in Limassol, Cyprus, is a multi-asset broker that has made a strong mark in the trading world since its inception in 2008. With a broad global presence, Exness offers a competitive trading environment that appeals to both beginners and advanced traders alike.
Trading Platforms and Assets
Exness clients can trade CFDs across a variety of asset classes, including currencies, indices, commodities, shares, and cryptocurrencies. They can access these markets through MetaTrader 4, MetaTrader 5, the Exness Terminal, and the Exness Trade App.
Key Advantages
Exness stands out from many brokers, particularly in its range of currency pairs—the largest I have seen in my trading experience. It also reduces account-related fees and offers raw spreads on its professional account types, making it cost-effective for many traders.
To support clients further, Exness provides third-party research tools like Trading Central and free VPS hosting.
Exness Highlights for 2024
- **Regulatory Licenses:** Exness operates under multiple regulatory authorities, ensuring safety and compliance in specific regions. However, some offshore entities have lighter oversight.
- **Diverse Instrument Range:** With over 90 forex pairs and 10 cryptocurrencies, Exness offers more choices than many brokers.
- **Variable Spreads:** While Standard account spreads vary, Professional account types provide access to tighter spreads.
- **Advanced Platforms:** The proprietary Exness Terminal and popular MT4 and MT5 platforms make Exness suitable for algo traders.
- **Comprehensive Tools:** Tools like Trading Central WebTV, VPS hosting, and a tick-data archive add to Exness’ appeal.
- **Social Trading:** Exness allows clients to copy other traders or share their strategies for additional income.
Pros and Cons of Exness
**Pros:**
- Multiple account types
- Fast order execution
- 24/7 customer support
- No overnight fees for many instruments
- Diverse funding/withdrawal options
- Free VPS hosting
- Social trading feature
**Cons:**
- Not available for retail clients in Europe and the UK
- Limited oversight for some offshore entities
- Wide spreads on certain instruments
#### Ideal Traders for Exness
With various account types, one-click trading, and robust platforms, Exness is ideal for scalpers, day traders, and algo traders. Its free VPS hosting ensures reliable automated trading without connectivity disruptions. Social trading adds an engaging option for clients to invest in others' strategies or earn by sharing their own.
Exness is designed to cater to both new and seasoned traders. The beginner-friendly Cent account, combined with the accessible Trading Terminal platform, allows new traders to explore live markets with minimal risk. Advanced traders benefit from the MetaTrader platforms, powerful trading tools, and the option of high leverage under the FSA Seychelles-regulated entity.
Unique Features of Exness
Exness emphasizes affordability by waiving deposit and withdrawal fees (though some providers may have their own fees) and removing swap fees for many instruments. Its transparency extends to detailed historical price data, even at the tick level.
The proprietary Exness Terminal offers a user-friendly experience with advanced features like Trading Central analysis and price alerts, enriching the overall trading journey.
