- RegulationsCySec, IFSC
- Minimum Deposit$1
- InstrumentsCFDs, Forex, Commodities, Cryptocurrencies, Energies, Stocks, Indices
- PlatformsMT4, MT5, Web Terminal
- Demo AccountYes
- Mobile AppsiOS, Android
- Copy TradingYes via Social Trading
What we can tell you about Exness
Exness was founded in 2008 and With over 72,721 active traders globally, and a monthly trading volume of $325.8 billion it’s considered amongst the top brokers. It gives traders over 107 currency pairs to trade with both the MT4/MT5 trading platforms.
As of 2019 the company is undergoing a restructuring phase, mainly offering B2B services, making a turn to becoming a FinTech company. Its retail operations have been to the Seychelles.
Licensing & Regulation
On October 28th, 2019, Exness announced the closure of its UK and Cyprus regulated retail operations, due to a saturated and non-competitive environment. At the moment, the retail customers trade with the Nymstar subsidiary which operates out of Seychelles, and is authorized by the Seychelles Financial Services Authority (FSA). B2B clients are regulated by the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).
The Best at: All-Around Broker
Exness made a name for itself for being offering good service in all important trading areas. From tech and support, to regulation and accessibility, this is the broker people are able to trust. Just so you get an idea, With a minimum deposit of $1 and maximum leverage of 1:2000, it opens the doors for traders of all experience levels. The Pro Account offers one of the most competitive packages in the market with minimum commission-free spreads of 0.6 pips.
Something to Consider
Apart from the fact that Exness has pulled out the UK and European retail market, another area to consider is their limited educational resources. While Exness does have an academy page, it is not one of the company’s strongest points and not a place where a new trader could build their knowledge and confidence. However you may find ample educational resources through our Traders Expert dedicated educational pages.