What is Exness? Review 2023: Platforms and Fees

Exness is considered one of the most reputable forex brokers today. Exness's reputation is reflected in the exchange licensed to operate by major financial institutions in the world such as FSA, FSC, FSCA, and CBCS..., providing diverse products, and supporting both trading platforms. The most popular MT4 and MT5 translations today.

Not only that, Exness also offers many different account types, suitable for both newbie and professional investors. In particular, fast order matching speed, competitive transaction fees, fast deposit and withdrawal times, and professional customer support services.

Now, learning more about Exness with Forex Prop Reviews in this article. 

What is Exness?

Exness is a fantastic online trading platform that offers numerous opportunities for traders to succeed and achieve their financial goals. With Exness, you have access to a wide range of markets and assets, allowing you to diversify your portfolio and maximize your potential profits.

The platform provides a user-friendly interface that makes it easy for even beginners to navigate and start trading. One of the key features of Exness is its market review section. It provides valuable insights and analysis on various financial markets, including forex, stocks, commodities, and indices.

By keeping up with the latest market trends and developments, you can make informed trading decisions and stay ahead of the competition. Whether you're a seasoned trader or just starting out, Exness offers the tools and resources you need to stay updated with market news and make profitable trades.

Products traded at Exness

Exness offers a diverse range of trading products that cater to the interests of many investors. Traders can freely choose from the following trading products:

• Forex: Exness provides access to over 100 currency pairs, allowing clients to participate in the global financial markets.
• Precious Metals: Popular metals such as gold, silver, platinum, and palladium can be traded on Exness with low spreads and fast execution.
• Cryptocurrencies: Exness offers trading on popular cryptocurrencies like BTC, ETH, 1inch, Aave, ADA, BNB, CAKE, COMP, DOT, and more.
• Energies: Clients can easily access the global energy markets with commodities such as Brent crude oil and natural gas.
• Stocks: Exness provides access to more than 81 stock symbols from prominent technology and industrial companies, including Google, Amazon, Tesla, Alibaba, and Intel.
• Indices: Clients can trade popular indices from around the world, such as FTSE 100, S&P 500, and Dow Jones Industrial Average.

Exness trading platform

Exness currently offers its investors two popular trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Additionally, they provide a web-based trading platform called MetaTrader WebTerminal and a mobile platform called Exness Terminal. Here are the specific features of each platform:

MT4 Platform:

Developed by MetaQuotes, MT4 is a widely used trading platform known for its user-friendly interface, ease of use, and high level of security. Some notable features of MT4 include:

• Advanced charting capabilities with multiple timeframes and technical indicators.
• Expert Advisors (EAs) for automated trading and custom indicators for technical analysis.
• One-click trading and real-time market execution.
• Support for various order types, including market orders, pending orders, and stop orders.
• Access to historical data, backtesting, and strategy optimization tools.
• Mobile trading capability through the MT4 mobile app for iOS and Android devices.

MT5 Platform:

MT5 is an advanced trading platform that offers enhanced features compared to MT4. It includes all the functionalities of MT4 and introduces additional features such as:

• More advanced charting tools, including more timeframes and analytical objects.
• Depth of Market (DOM) feature for better market depth analysis.
• Built-in economic calendar and news alerts.
• Hedging capability, allows traders to have multiple positions in the same instrument, including in opposite directions.
• Support for additional asset classes, including stocks and futures.

MetaTrader WebTerminal:

The web-based trading platform allows traders to access their accounts and trade directly from their web browsers, without the need for downloading or installing any software. It provides a user-friendly interface, real-time quotes, interactive charts, and basic trading functionalities.

Exness Terminal:

Exness Terminal is a mobile trading application offered by Exness, providing traders with the convenience of accessing their trading accounts and managing their trades on the go. The app is available for iOS and Android devices, offering a range of features, including real-time quotes, order management, and account monitoring.

Trading Account Types

Exness offers 5 different trading account types, including 2 standard accounts and 3 professional accounts, catering to the needs of various types of investors. These account types are as follows:

Standard Accounts:

The standard accounts have a low minimum deposit requirement (ranging from $10 to $20), spreads starting from 0.3 pips, no commission fees, and no maximum leverage limit. These accounts are suitable for new or less experienced traders in the forex market.

Professional Accounts:

The professional accounts are designed for experienced and professional traders. They offer the following features: a minimum deposit requirement starting from $200, attractive spreads starting from 0.0 pips, commission fees, and no maximum leverage limit.

Exness exchange transaction fee

Exness strives to create a trading environment with the lowest possible costs for its clients. They do not charge any hidden fees, account management fees, or deposit/withdrawal fees. Therefore, when trading with Exness, you don't need to worry much about costs. The specific fees at Exness include:

Spread at Exness

Spread refers to the difference between the buying and selling prices and is measured in pips. When trading at any forex broker, traders need to consider this difference.

The spreads at Exness are relatively competitive and vary depending on the account type and trading instrument. For example, the standard accounts have spreads starting from 0.3 pips, while the professional accounts offer spreads starting from 0.0 pips.

Overnight Fee at Exness

The overnight fee, also known as a swap, is a fee charged to traders for holding positions overnight. However, Exness has decided to eliminate the overnight fee for most trading instruments, including major currency pairs, stocks, cryptocurrencies, indices, and gold.

Commission Fee at Exness

As mentioned earlier, commission fees are applicable only to professional accounts. The standard accounts, on the other hand, are commission-free.

• Raw Spread Account: Up to $3.50 per lot/round trip.
• Zero Account: Starting from $0.2 per lot/round trip.
• Pro Account: No commission fees.

Conclusion

Exness is popular among traders worldwide due to its transparency and commitment to client satisfaction. Exness is a trusted and efficient online trading platform that caters to the needs of both novice and professional traders. It offers various account types to suit the needs of both beginners and experienced traders. The platform also provides educational resources and market analysis tools to help traders make informed decisions.