Exness Review

Active forex and CFD traders

CySEC FCA FSCA CMA FSA FSC CBCS

Founded 2008 · Cyprus

Why investors choose this broker

No deposit, withdrawal, or inactivity fees
Competitive spreads - Standard EUR/USD from 0.8 pips with no commission
Multiple account types including Raw Spread and Zero for low-cost trading
MetaTrader 4 and MetaTrader 5 fully supported

Review summary

Exness is a forex and CFD broker founded in 2008, offering MetaTrader 4/5 and a proprietary terminal with competitive spreads, no deposit fees, and swap-free account options.

Pros

No deposit, withdrawal, or inactivity fees
Competitive spreads - Standard EUR/USD from 0.8 pips with no commission
Multiple account types including Raw Spread and Zero for low-cost trading
MetaTrader 4 and MetaTrader 5 fully supported
Swap-free account option available to all traders, not limited to Islamic accounts
Free VPS hosting for eligible accounts
Demo accounts available for all account types
24/7 multilingual customer support

Cons

CySEC and FCA entities do not serve retail clients - most retail traders are assigned to offshore or lower-tier entities
No direct ownership of stocks, ETFs, or bonds - all instruments are CFDs
Limited educational resources compared to multi-asset competitors
No cTrader or TradingView as standalone platforms
Unavailable to retail clients in the US, EU, and UK
Copy trading service discontinued in June 2026; no copy trading available

Company background

Exness was founded in 2008 in St. Petersburg, Russia, and later relocated its headquarters to Limassol, Cyprus. The group expanded globally with entities in the Seychelles, South Africa, Kenya, Curacao, Mauritius, and the British Virgin Islands. Exness is an independent company with no publicly named parent group. By 2024, the broker reported monthly trading volumes exceeding $4 trillion.

The broker offers CFD trading on over 200 instruments, including 78 to 120 forex pairs, approximately 100 stock CFDs, 30 crypto CFDs, indices, metals, and energy products. No real underlying assets are sold - all instruments are contracts for difference.

Fees and pricing

Exness charges no deposit, withdrawal, or inactivity fees. The Standard account is commission-free with EUR/USD spreads from 0.8 pips. The Pro account has no commission and spreads from 0.1 pips. The Raw Spread account charges up to $3.50 per side per lot with spreads from 0.0 pips. The Zero account offers 0.0 pip spreads on approximately 30 instruments for most of the trading day, with a variable commission per instrument.

Swap fees apply to positions held overnight past 5:00 PM EST. A swap-free option is available to all account types, not only Islamic accounts, and can be enabled through the Personal Area.

Regulation and safety

Exness (Cy) Ltd is authorised by CySEC under licence 178/12, and Exness (UK) Ltd is authorised by the FCA under register number 730729. Neither entity accepts retail trading clients. Retail traders are typically served by Exness (SC) Ltd under the Seychelles FSA (SD025), Exness (SA) Pty Ltd under the FSCA in South Africa, or Exness (KE) Ltd under the CMA in Kenya. Additional entities operate under CBCS in Curacao and FSC in Mauritius. Exness states that client funds are held in segregated accounts.

Platform experience

Exness supports MetaTrader 4 and MetaTrader 5 for desktop and web trading. Its proprietary Exness Terminal is a web-based platform with TradingView charting and a built-in risk calculator. The Exness Trade App is available for iOS and Android and supports MT4 and MT5 account management. Demo accounts with $10,000 in virtual currency are available for all account types except Standard Cent. Free VPS hosting is offered to qualifying active traders.

Pros and cons

Exness provides competitive trading conditions with no deposit, withdrawal, or inactivity fees, spreads from 0.0 pips on Raw Spread and Zero accounts, and a swap-free option for all clients. The main drawbacks are that CySEC and FCA entities do not serve retail traders, the product range is limited to CFDs, educational resources are limited, and the broker is unavailable to retail clients in the US, EU, and UK.

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Trading fees & commissions

Exness charges no deposit, withdrawal, or inactivity fees. The Standard account carries no commission with EUR/USD spreads from 0.8 pips; the Raw Spread account charges up to $3.50 per side per lot with spreads from 0.0 pips.

Fees

Item	Fee
Cfds	Included in spread; overnight swap fees apply for positions held past 5:00 PM EST
Crypto	Available as CFDs; spreads vary by instrument
Margin	Swap fees apply for leveraged overnight positions; swap-free option available for all account types
Account	No account opening or management fee
Deposit	Free
Inactivity	Free
Withdrawal	Free

Trading platform & features

Platforms

MetaTrader 4
MetaTrader 5
Exness Terminal
Exness Trade App
iOS app
Android app

Regulation and investor protection

Exness operates through entities regulated by CySEC (Cyprus), FCA (UK), FSCA (South Africa), CMA (Kenya), FSA (Seychelles), FSC (Mauritius), and CBCS (Curacao). The CySEC and FCA entities do not offer retail trading services; retail clients are served through the Seychelles, South Africa, Kenya, and other offshore entities.

Broker FAQs

Is Exness safe?

Exness holds licences from CySEC, FCA, FSCA, CMA, FSA (Seychelles), and other regulators. Client funds are held in segregated accounts separate from company funds. However, most retail clients are served by offshore entities such as the Seychelles FSA, which provides lower investor protection than EU or UK regulators.

Is Exness a scam?

No. Exness is a regulated broker holding licences from multiple regulators including CySEC, FCA, FSCA, and CMA. It has operated since 2008 and reports monthly trading volumes exceeding $4 trillion.

Is Exness regulated and by whom?

Yes. Exness entities are regulated by CySEC (Cyprus), FCA (UK), FSCA (South Africa), CMA (Kenya), FSA (Seychelles), FSC (Mauritius), and CBCS (Curacao). Retail clients are typically assigned to the Seychelles, South Africa, or Kenya entity based on their country of residence.

Does Exness keep client funds in segregated accounts?

Exness states that client funds are held in segregated accounts, separate from company operating funds, across all its entities.

What happens to my money if Exness goes bankrupt?

Most retail clients are assigned to offshore entities such as the Seychelles FSA, which does not provide an investor compensation scheme equivalent to the EU's ICF or the UK's FSCS. The degree of protection depends on the entity serving the client's account.

What products does Exness offer?

Exness offers CFD trading on forex pairs, stock CFDs, crypto CFDs, indices, metals, and energy commodities. All instruments are contracts for difference - Exness does not offer direct ownership of stocks, ETFs, or bonds.

Does Exness offer forex trading?

Yes. Exness offers 78 to over 100 forex currency pairs depending on account type, making forex the core product.

Does Exness offer crypto trading?

Yes. Exness offers approximately 30 cryptocurrency CFDs. Traders do not receive direct ownership of the underlying crypto assets.

Does Exness offer stock trading?

Exness offers approximately 100 stock CFDs. These are contracts for difference, not direct share ownership, so clients do not receive dividends or shareholder rights.

What account types does Exness offer?

Exness offers Standard, Standard Cent, Pro, Raw Spread, and Zero account types, plus a swap-free option and demo accounts. Standard and Standard Cent have a $10 minimum deposit; Pro, Raw Spread, and Zero accounts require a higher initial deposit.

What does Exness charge for forex trading?

The Standard account has no commission with EUR/USD spreads typically from 0.8 pips. The Pro account has no commission and spreads from 0.1 pips. The Raw Spread account charges up to $3.50 per side per lot with spreads from 0.0 pips. The Zero account charges a variable commission per instrument with 0.0 pip spreads on approximately 30 major instruments.

Is there a withdrawal fee at Exness?

No. Exness does not charge withdrawal fees for most payment methods including credit/debit cards, electronic wallets, and bank transfers.

Does Exness charge an inactivity fee?

No. Exness does not charge an inactivity fee regardless of how long an account is dormant.

Does Exness charge a deposit fee?

No. Exness does not charge deposit fees.

Does Exness have a demo account?

Yes. Demo accounts with $10,000 in virtual currency are available for all account types except Standard Cent. MT5 demo accounts expire after 21 days of inactivity; other demo accounts expire after 180 days of inactivity.

Does Exness have a mobile app?

Yes. The Exness Trade App is available for iOS and Android devices, allowing trading and account management including MT4 and MT5 account access.

Is Exness good for beginners?

Exness provides a free demo account, a low minimum deposit of $10 on Standard accounts, and a straightforward proprietary terminal. However, educational resources are limited compared to some multi-asset competitors, and most retail clients are assigned to offshore entities with lower investor protection.

Is Exness good for long-term investing?

Exness is primarily a short-to-medium term trading platform. All instruments are CFDs with no direct asset ownership, and overnight swap fees apply to most held positions, which adds cost for long-term holders. A swap-free option is available but the absence of real stocks, ETFs, or bonds limits its suitability for long-term investment.

Bottom line

Exness suits traders who want competitive forex and CFD spreads, no deposit or withdrawal fees, multiple account types including Raw Spread and Zero, and full MetaTrader 4 and 5 support. It may not suit traders who want direct ownership of stocks or ETFs, strong EU or UK regulatory protection as a retail client, access from the US or EU, or comprehensive educational resources.

Exness

Active forex and CFD traders

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Your capital is at risk. Other fees apply.