What is Exness? Is the Exness trading platform reputable?

The foreign exchange market is increasingly vibrant, leading to the appearance of a series of trading platforms, including Exness. With “winged” compliments about the reputation and attractive benefits that this exchange brings, Exness has become a name that many investors are interested in. So what exactly is Exness? Is this exchange really trustworthy for investors to “choose to deposit gold”? Let TraderForex answer immediately!

What is Exness?

Established in 2008 and headquartered in the international financial center of Limassol, Czech Republic, Exness has affirmed its position as one of the world’s leading foreign exchange exchanges. With the official website exness.com, this platform has attracted more than 368,151 investors, processing a huge transaction volume of up to 2,747 trillion USD.

Exness’s reliability and stability are demonstrated by providing a variety of accounts and trading products at competitive prices, meeting the needs of both new and professional investors.

Exness exchange is reputable or a scam?

Exness is a reliable forex trading platform, licensed by many reputable financial management agencies in the world. Exness licenses obtained include FSA Seychelles (SD025), FSCA South Africa (SP 51024), CySEC Cyprus (178/12), FCA UK (730729), CBCS Curaçao, Sint Maarten (0003LSI) and FSC Mauritius (176967, GB20025294).

Licenses from FCA and CySEC are considered among the leading certifications in the forex industry, requiring strict standards. This demonstrates that Exness has met strict requirements, reinforcing confidence that this is not a scam exchange.

Besides, with a trading volume of up to 2,530 billion USD per month and more than 365,343 active users in October 2022, Exness’s reputation has also been demonstrated. Additionally, the Exness logo has appeared in Real Madrid football club matches, thanks to their previous sponsorship relationship.

Exness was also honored with many awards:

Best Trade Executions, Best Order Management and Best Mini Broker by New Zealand financial magazine.
Best Customer Support and Premium Loyalty Program Award at Financial Markets Expo, Cairo, 2021.
Most Innovative Broker at Dubai Expo, 2021.
Most People-Centric Broker and Global Broker of the Year at Traders’ Summit, 2021.

Exness security

Exness faced DDoS attacks in April 2016, causing brief disruptions to its website and trading terminals. However, the Exness team responded quickly, resolving the issue within 24 hours. Although user experience was temporarily affected, no personal data leakage or property loss occurred.

This is because Exness applies advanced security measures such as authentication via Google Authenticator, SMS codes and emails to enhance account security. In addition, Exness also organizes “Bug Hunting and Rewarding” contests for hackers from around the world to detect and fix security holes. Through the HackerOne platform, Exness invites security experts to participate and have the opportunity to receive rewards of up to tens of thousands of USD for each bug found.

In addition, as a member of the International Financial Commission, Exness gives users peace of mind when disputes arise. This committee acts as a mediator to resolve disputes fairly and effectively. Furthermore, Exness is protected by the Financial Commission’s compensation fund, with a maximum insurance coverage of up to €20,000 per client, ensuring that users’ interests and rights are always protected.

Outstanding advantages of Exness

Exness is the world’s leading foreign exchange exchange with many outstanding advantages that attract investors:

Providing news and trading knowledge

Exness not only provides a professional platform but also an in-depth information site, helping users easily access hot market news and useful trading knowledge. This helps both newbies and professional traders find reliable information to improve their skills and grasp the market.

Simple interface

Exness’s interface is designed to be user-friendly, using white and black tones to create a pleasant feeling, not causing distractions. Features are well-organized, especially useful for newcomers.

Multiple payment methods and fast processing

With an automatic payment system, Exness processes deposits and withdrawals very quickly, even on weekends. Customers can choose from many methods such as Internet Banking, TRC20, ERC20, Visa/Mastercard, e-wallet (Neteller, Skrill) and bank transfer. In particular, most withdrawal transactions do not incur fees.

High and attractive leverage

Exness stands out with unlimited leverage, giving traders many opportunities to maximize profits. This leverage level will vary depending on the asset type and deposit amount. Leverage for asset groups such as cryptocurrencies, stocks, energies and indices is fixed at different levels, ensuring trading flexibility.

Competitive commissions, flexible spreads

Exness offers accounts with different commissions and spreads, depending on the type of trading product. Users can choose the account type that suits their needs to optimize costs.

Free VPS and calendar data storage

Exness offers free VPS hosting to support fast and stable order execution. Clients can also access historical price data archives, allowing historical data to be tracked and analyzed for better trading strategies.

High liquidity

Exness is one of the platforms with good liquidity, with a trading volume of up to 2.822 trillion USD in January 2023 alone. With more than 414,502 active users and billions of USD withdrawn each quarter, users can be completely assured of liquidity and safety in transactions at Exness.

Products on Exness

Exness is not the exchange that offers the widest range of assets when compared to some other brokers. However, the exchange still supports many popular asset types such as foreign exchange, stocks, indices, commodities and cryptocurrencies. Let’s take a detailed look at these asset classes below:

Forex: Over 100 currency pairs to trade, including majors, minors and exotics. In particular, the spread at Exness is quite competitive, a minimum of about 0.3 pips on a standard account and a spread of 0 on a professional account.
Stocks: About 100 popular stock codes such as AMZN, TSLA, Verizon, Visa and PepsiCo. Although Exness’s stock portfolio is not as rich as some major brokers, the codes provided are popular in the market.
Commodities: Some basic commodities such as gold, silver and crude oil. However, other commodities such as wheat, coffee or natural gas are not available. If you want to trade agricultural commodities or gas, Exness may not be the optimal choice.
Cryptocurrencies: Trade famous cryptocurrencies such as Bitcoin, Ethereum, Litecoin and Ripple. The exchange meets the needs of new investors well with a portfolio of the most popular digital currencies.
Index: Provides 10 major indexes such as FTSE 100, S&P 500 and Dow Jones Industrial Average. The number of indices is not many but they are all available for trading.

Types of Exness accounts

Exness offers 5 different account types, divided into two main groups: standard and professional accounts.

Standard account

The standard account is suitable for beginners as well as traders who want to experience the Exness platform.

Standard Account: This account uses USD as currency and allows trading of a variety of financial products including cryptocurrencies, stocks, energies, indices.
Standard Cent Account: Using the currency Cent, helps minimize risk by providing the ability to trade small amounts. For example, when you deposit 10 USD into this account, the balance will display as 1000 Cents, allowing for smaller-sized transactions. However, this account type only supports forex and metals trading.

Professional account

For experienced users, the professional account group requires a higher minimum deposit, from 200 USD or more.

Raw Spread account: This account has commission fees ranging from 0.25 to 3.5 USD/lot for each trading direction, except for stocks which do not have a fee. Spreads start from 0 pips, but depending on the product, the spread may vary.
Zero Account: Spreads are almost 0 pips 95% of the trading time for about 30 financial instruments. However, the commission fee of this account is the highest in the professional group, starting from 0.2 USD or more.
Pro account: No commission fees and supports trading about 30 stock codes from large companies such as Google, Apple, Facebook, Amazon. This helps experienced people trade at a more reasonable cost.

Exness trading platform

Exness offers the popular trading platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) on both desktop and mobile devices. There are also many other platforms such as WebTerminal, Exness Terminal, Exness Trade App,… Outstanding features of each platform are as follows:

MT4

Supports 200 different tools.
There are 50 indicators, 3 chart types and 9 default timeframes.
Provides 6 types of pending orders including Buy Stop, Sell Stop, Buy Limit, Sell Limit, Take Profit and Stop Loss.
Maximum leverage 1: infinity, creating opportunities for large trades.
There are 5 account types: Standard Cent, Standard, Pro, Raw Spread and Zero.
Trading products include forex, metals, cryptocurrencies, energies, indices and stocks.
Spreads start from 0.0.

MT5

Supports 200 tools.
There are 38 indicators, 22 analysis tools, 3 chart types, 21 timeframes (both default and custom).
Provides 8 types of pending orders, plus Buy Stop Limit and Sell Stop Limit.
Maximum leverage 1:2000, allowing trading with more flexible risk levels.
There are 5 account types similar to MT4.
Trading products include forex currency pairs, metals, cryptocurrencies and energies.
Spreads from 0.0 and commissions starting from 0.

Social Trading

Exness Social Trading is a platform for beginners that allows copying trades from experts. This helps increase your chances of winning when making trades based on the decisions of those who have gone before.

WebTerminal

WebTerminal is MetaQuotes’ web platform, allowing investors to use MT4 and MT5 trading features directly in the browser without downloading. This platform works on all browsers and operating systems.

Exness Terminal

Exness Terminal is Exness’s proprietary platform, with an intuitive interface and integrated features such as watchlists, one-click trading, and charts provided by TradingView. The platform supports many different drawing tools, indicators and timeframes, along with rich order types.

In addition, Exness Terminal also offers some unique features such as sentiment indicators that help users monitor the percentage of recent buy and sell orders of other investors.

Exness Trade App

Exness Trade App is the mobile version of Exness Terminal, user-friendly design, integrating all the necessary functions for trading and fund management. The application allows transactions anytime, anywhere via mobile phones.

Steps to open an Exness account

To start trading on Exness, opening an account is the first important step. Please follow these steps to ensure the registration and account verification process is easy:

Sign up for Exness

Steps to register for Exness to create a trading account on the exchange:

Step 1: Visit the Exness website

First, investors should visit the official website of Exness. Because Exness has blocked IPs from Vietnam on the global site Exness.com, you will be redirected to the trading site dedicated to the Vietnam market, Exmarkets.expert. You can also use VPN or IP changer software, but the subsite for the Vietnamese market has been set up with full features.

Step 2: Complete the registration form

Fill in the necessary information including country, email, password and check the box to confirm you are not a US citizen. Then, press “Continue” to continue the process.

Step 3: Confirm Exness registration email and activate account

Open the email you used to register, find the email from Exness and click on the activation link. Your account page will automatically open in a new tab to complete the registration process.

If you are new and want to explore the platform’s functionalities, you can start with a “Demo Account.” However, please note that this account does not support withdrawals and the balance is virtual currency. If you are ready to seriously invest, select “Real Account” and continue with the identity verification step to complete KYC.

Basic Exness verification process

To ensure safety and regulatory compliance, Exness requires users to verify their identity. Verification steps:

Step 1: After logging in to your account, access “Settings” and select “Complete profile”.
Step 2: Start verification via email, phone number and personal information. First, select “Send me code” to receive the code via email.
Step 3: Check your email to get the verification code from Exness and return to the verification page, enter the code and click “Continue”.
Step 4: Enter your phone number (Vietnam area code is +84, omit the first 0), select SMS method to receive phone verification code.
Step 5: After receiving the code via SMS, enter the code in the verification box and select “Continue”.
Step 6: Enter personal information such as full name and date of birth, matching with ID card or passport to ensure account authenticity.
Step 7: When these steps are completed, the account has been basically verified successfully. You can deposit and trade with a maximum of 2,000 USD. To trade larger amounts, you need advanced verification.

Advanced Exness verification process

This verification helps increase transaction limits and supports unlimited deposits/withdrawals.

Step 1: In the “Economic profile” section, select the economic information that is relevant to you.
Step 2: Check the name and basic information. If correct, select “Upload documents” and start uploading photos of identification documents (such as citizen identification card or ID card).
Step 3: Select the “Non-US resident” option and agree to the conditions. Click “Send documents.”
Step 4: Upload a clear photo of your identification document. To preserve photo quality, use Zalo or send photos via email instead of Facebook (images may lose quality).
Step 5: Once the application is complete, you will see a fully verified account, allowing unlimited deposits and withdrawals.

Deposit and withdraw money from Exness

Exness offers more flexible deposit and withdrawal options than most other brokers. You can make transactions in local currency through popular payment methods such as cards and online banking. Besides, Exness also supports many popular electronic payment methods, including e-wallets and cryptocurrencies such as USD Coin, Tether, Webmoney, Neteller.

The minimum deposit per trading account depends on the payment method you choose. Most forms require a minimum deposit of 10 USD, with the exception of bank transfers. Deposit processing times also vary depending on the method.

Specific information about deposit and withdrawal methods:

Payment method	Khoản tiền gửi tối thiểu	Tốc độ	Khoản tiền rút tối thiểu	Tốc độ
Bitcoin	10 USD	Up to 3 days	10 USD	Up to 3 days
Bank card	–	–	10 USD	Up to 10 days
Bank card	10 USD	Up to 5 days	–	–
Online banking	–	–	4 USD	Up to 7 days
Online banking	10 USD	Up to 7 days	–	–
Skrill	10 USD	Within 5 hours	10 USD	Up to 2 days
Neteller	10 USD	Up to 3 days	4 USD	Up to 5 days
Perfect Money	$50	Up to 5 days	2 USD	Up to 3 days
USD Coin (USDC ERC20)	10 USD	Up to 3 days	100 USD	Up to 3 days
Tether (USDT ERC20)	10 USD	Up to 3 days	100 USD	Up to 3 days
Wire Transfer	10 USD 000	Up to 3 days	–	–
Webmoney	–	–	1 USD	Within 8 hours
Mybux	10 USD	Up to 2 days	10 USD	Up to 7 days
Ozow	10 USD	Up to 5 days	–	–
SnapScan	10 USD	Up to 5 days	–	–

Exness customer service provided

Exness offers a variety of customer support channels to ensure users always receive the best support. From an online help center with a huge wealth of knowledge, to live chat with our professional support team, email and phone, you can choose the most suitable way to contact you.

Help Center: Find answers to all your Exness questions quickly and easily.
Live Chat: Contact the support team online to get any questions answered instantly.
Email: Submit a support request via email and receive a response within 24 business hours.
Phone: Contact Exness hotline directly for quick support.

Exness’s customer support team works 24/7 and supports multiple languages such as English, Chinese, Thai, Swahili, Indonesian, Arabic, Hindi, Urdu, Bengali, Vietnamese, Japanese, Korean, French, Spanish Nha, Portugal, Russia.

Frequently asked questions about Exness

Does Exness have any incentives for customers?

Instead of traditional sign-up bonuses, Exness regularly launches special promotions, offering attractive trading credits to customers. Promotional programs:

Welcome credit: Receive a certain amount of credit when opening a new account.
Refer a friend credit: Get rewarded for referring friends to Exness.
Trading competitions: Participate in trading competitions for a chance to receive valuable rewards.

Note: These promotions have specific terms and conditions, which vary depending on the region and account type.

Does Exness support worldwide trading?

Due to differences in laws and regulations between countries, Exness is forced to limit services to specific regions. Nationality will be determined based on information on the passport. Some restricted countries and territories include the United States, American territories such as Puerto Rico, Virgin Islands, etc.

How does Exness make money?

Exness’s main source of income comes from the difference in buying and selling prices (spread) of currency pairs or other financial instruments. When you make a trade, you will buy the asset at the ask price and sell it at the bid price. The difference between these two prices is the fee Exness receives.

Conclusion

Exness, with its reputation as one of the world’s leading foreign exchange exchanges, has been attracting a large number of investors. This exchange stands out with many advantages such as a variety of currency pairs, competitive costs, modern trading platform and professional customer service.

However, foreign exchange trading always carries risks. Before deciding to participate, you should carefully research the market, practice your trading skills and consider your financial capacity. If you are ready to face challenges and want to explore attractive investment opportunities, Exness is a choice worth considering.