Exness

As a financial expert with over a decade of experience in the Forex market, I have tested and evaluated dozens of different brokers. Over the past 3 years, I – expert Phạm Hồng Hải – have used and closely monitored Exness’s operations, thereby providing objective and professional assessments of this broker.

History and Development of Exness

Exness was founded in 2008 by a group of experienced financial professionals with the aim of creating a professional and reputable trading platform. Exness is headquartered in Cyprus, one of the world’s major financial centers.

Development milestones:

• 2008: Exness was established and began offering Forex trading services.
• 2012: The broker expanded into new markets and launched new account types.
• 2017: Exness received numerous prestigious awards in the Forex trading industry.
• 2023: Continued to develop and improve its products and services.

According to Finance Feeds, throughout its operations, Exness has achieved significant milestones, including a trading volume of 2.48 trillion USD and over 300,000 active clients. The broker also owns major entities such as SC Ltd, Exness B.V, VG Ltd, and PTY Ltd, affirming its strong position in the global financial market.

Additionally, this Forex broker has earned several impressive awards such as:

• Best Trade Execution Award – Recognized for its fast and accurate order execution, helping traders maximize profits and minimize risk.
• Best Order Management Award – Ensures smooth and precise trade handling for clients.
• Best Mini Broker Award – Highlights its excellence in providing small-scale investment services.
• Best Trade Execution Award further confirms Exness’s prominent role in the Forex market.

Types of Exness Accounts

Exness offers a variety of account types to meet the needs of different investors, from beginners to professional traders. Explore the most common account types below to register with Exness effectively:

Standard Account

The Standard account is a popular choice, especially for beginner traders. It has no commission fees and offers fast, stable order execution. With a minimum deposit of just 1 USD, this account supports various instruments like Forex, crypto, metals, energies, and indices.

Standard Cent Account

This account is similar to the Standard account but allows smaller trade volumes, suitable for those who want to experiment or trade with minimal capital. Also with a 1 USD minimum deposit, it supports Forex and metal trading.

Raw Spread Account

This account suits experienced traders, particularly those using short-term or algorithmic trading strategies. It features very low spreads, nearly zero, reducing trading costs.

Zero Account

The Zero account is similar to the Raw Spread account but includes a low commission fee. It is ideal for professional traders, especially scalpers or short-term traders.

Pro Account

The Pro account is perfect for professional traders. It charges no commission and offers low spreads, enabling complex strategies with cost efficiency.

Which trading platforms does Exness offer?

Exness supports multiple trading platforms, allowing investors to trade anytime, anywhere. The most popular platforms include:

• MetaTrader 4 (MT4): The world’s most popular trading platform, trusted by many traders.
• MetaTrader 5 (MT5): An upgraded version of MT4 with more advanced features.
• Web platform: Intuitive and easy to use, no software installation required.
• Mobile app: Trade anytime, anywhere from your mobile phone.

What are the Exness trading fees?

Exness offers account types with flexible trading fees depending on the account type and instruments:

Standard & Standard Cent Accounts

• Commission: None.
• Spread: From 0.3 pips and up.
• Minimum trade volume: 0.01 lots.

Raw Spread & Zero Accounts

• Commission: 3.5 USD per lot traded.
• Spread: 0.0 pips.
• Minimum trade volume: 0.01 lots.

Pro Account

• Commission: Free.
• Spread: From 0.1 pips and up.
• Minimum trade volume: 0.01 lots.

Exness does not charge deposit/withdrawal fees, although third-party payment providers may apply their own fees. Swap fees (overnight fees) may apply depending on the asset and the position held.

Leverage & Margin System – Opportunities with Risk Control

Exness offers leverage and margin trading. The leverage feature at Exness is one I highly appreciate, especially when combined with a 30% margin call warning – helping manage risk proactively.
The platform offers flexible leverage up to 1:2000, depending on the account type and trading instruments. Standard and Standard Cent accounts have no leverage limits on MT4 and MT5 platforms, while professional accounts like Raw Spread, Zero, and Pro also offer a maximum leverage of 1:2000.

Margin is the required amount of capital to open a trade, and the broker requires a minimum margin depending on leverage and asset type. The platform issues a warning when the margin level drops below 30% so users can take appropriate action.

Overall Evaluation Based on Real Trading Experience

After more than 3 years of trading directly on Exness and monitoring financial data as well as feedback from the Vietnamese trading community, I – Phạm Hồng Hải – have drawn the following highlights:

Advantages:

• Smooth trading with minimal slippage, suitable for EA and scalping strategies.

• Fast and transparent withdrawals – a big plus amid complaints about delays at other brokers.

• Full Vietnamese language support, including educational materials and 24/7 direct support.

Note:

• Users need to properly complete KYC procedures, verify their identity, and fully understand the leverage terms to avoid unnecessary misunderstandings.

• Although it’s an international broker, you should still keep complete trading records as a basis for dispute resolution if necessary.

FAQ about Exness

1. Is Exness a reputable and legal broker?

Yes, Exness is a reputable broker, licensed and regulated by top financial authorities such as the FCA (UK), CySEC (Cyprus), and FSCA (South Africa). The platform uses advanced security measures like SSL encryption to protect customer data and ensure safety in financial transactions.

Additionally, Exness operates in many countries, including Vietnam, with strict compliance policies regarding anti-money laundering (AML) and Know Your Customer (KYC). Forex trading experts like Phạm Hồng Hải from Topforexviet also highly rate Exness after 3 years of experience with the broker!

2. What country is Exness from?

Exness is an international Forex broker founded in 2008 in Cyprus. This is where the company is headquartered and regulated by CySEC (Cyprus Securities and Exchange Commission) – the financial authority of Cyprus.

3. How to open an account on Exness?

To open an account on Exness, follow these simple steps:

• Visit the official website.
• Click “Register” and fill in your personal information.
• Verify your account via email and submit required documents (ID card, passport, or driver’s license).
• Choose an account type and deposit funds to start trading.

4. How to deposit and withdraw funds on Exness?

The platform supports various deposit and withdrawal methods including bank transfer, credit/debit cards, e-wallets, and other online payment systems. The process includes:

• Log into your account.
• Select “Deposit” or “Withdraw”.
• Choose the payment method and enter the desired amount.
• Confirm and complete the transaction.

Deposit and withdrawal fees and processing times depend on the method used. Exness does not charge any broker-side fees for these transactions.

5. Does Exness support Vietnamese language customer service?

Yes, the platform offers customer service in Vietnamese. You can contact support via live chat, email, or phone for assistance with trading, account issues, or other queries. The broker also provides Vietnamese-language guides and trading courses. This also disproves rumors that Exness is banned in Vietnam. Investors can still open accounts and pursue potential investment opportunities.

6. Does the platform charge commissions?

Standard and Standard Cent accounts do not charge commission fees. However, Raw Spread and Zero accounts have commissions starting from $3.5 per lot.

7. Does Exness offer demo accounts?

Yes, the platform offers free demo accounts so users can practice and get familiar with the trading platform before trading with real money.

8. Is Exness a scam?

Exness is not a scam. It is a reputable and legal trading platform that has been operating since 2008, licensed and regulated by trusted financial authorities. Allegations of “scam” often stem from misunderstandings or individual trading issues. Problems like delayed withdrawals or trading errors may arise if users do not follow verification procedures or use unstable trading platforms. Therefore, investors should stay informed to avoid such misunderstandings.