Exness
Disclaimer: This information should not be distributed or used in any country where it would violate local laws or regulations.
Pros and Cons
- Low minimum deposit
- Very low spreads
- High leverage options
- Multiple account types, including Islamic accounts
- Advanced trading tools and features
- Strong regulatory oversight
- Excellent customer support
- Limited proprietary platform
- No support for ZuluTrade
- Limited PAMM and MAM accounts
Introduction to Exness
Exness has earned its place as a globally recognized broker, serving traders across continents with its wide range of financial products, robust platforms, and commitment to transparency.
Launched in 2008, the broker has expanded significantly, and today, it provides a comprehensive trading experience for both beginner and seasoned traders alike.
For African traders, Exness offers a secure, accessible, and user-friendly trading environment with localized services that cater to the specific needs of the region.
In this extensive review, we will break down the features of Exness in detail, examining aspects such as regulatory standing, available account types, trading costs, deposit and withdrawal methods, and much more.
By the end of this review, you’ll have a thorough understanding of Exness and whether it is the right broker for your trading needs, especially if you’re an African trader navigating the complex world of forex and other trading instruments.
Given the broker’s solid reputation and robust offerings, Exness presents itself as a strong contender for traders looking to grow their portfolios while enjoying a smooth and secure trading experience.
Let’s dive into each area to see what makes Exness stand out.
Open a free accountRegulation and Security
When selecting a broker, especially in regions where regulation is less stringent, the credibility of a broker is essential.
Exness excels in this regard by being heavily regulated in multiple jurisdictions.
Exness holds licenses from highly reputable regulatory bodies, including:
- Financial Conduct Authority (FCA) in the United Kingdom: This is one of the most stringent financial regulatory bodies globally, ensuring that Exness adheres to the highest standards of conduct.
- Cyprus Securities and Exchange Commission (CySEC): A well-respected regulator in the European Union, CySEC ensures that Exness maintains operational transparency and client protection.
- Seychelles Financial Services Authority (FSA): This is one of the international regulators that oversee Exness’ operations, providing oversight for traders outside the EU and UK.
- South Africa’s Financial Sector Conduct Authority (FSCA): Exness is also regulated locally in Africa by the FSCA, a critical factor for African traders looking for a broker that meets local standards.
Additionally, African traders are covered by the same protection protocols as traders in more developed regions.
In addition to being highly regulated, Exness offers robust security measures to protect traders’ personal and financial information.
It uses advanced encryption technologies, ensuring that all transactions and data are secure.
Moreover, Exness employs two-factor authentication (2FA), adding an extra layer of security to prevent unauthorized access to accounts.
One of the unique aspects of Exness is its transparent financial reporting.
Unlike many brokers, Exness provides quarterly and annual financial reports, which are publicly accessible.
This commitment to transparency further enhances its reputation as a trustworthy broker.
Account Types: Flexible Options for Every Trader
Exness offers several account types to meet the needs of different types of traders.
Whether you’re a beginner just starting out or a seasoned professional, there is an account type tailored to suit your specific needs.
Each account type has its features, advantages, and cost structures, which we will break down below:
Standard Account
The Standard Account is designed for beginner traders or those who prefer simplicity.
It offers zero commissions and competitive spreads starting from 0.3 pips.
One of the main advantages of this account is its low minimum deposit, making it accessible to traders who may not have large amounts of capital to start with.
For African traders, where the average income might be lower than in other regions, this accessibility is key.
Raw Spread Account
The Raw Spread Account is a popular choice among more experienced traders.
As the name suggests, this account offers raw spreads starting from 0 pips, which is ideal for traders looking for tighter spreads in exchange for a small commission per trade.
The commission is relatively low at $3.5 per lot, making this account type attractive for traders who prioritize precision and low-cost trading.
Pro Account
The Pro Account is designed for professional traders.
It combines instant execution with tight spreads (starting from 0.1 pips) and no commission.
This account type is particularly beneficial for traders who execute large volumes and need fast, reliable execution at competitive prices.
For those in Africa who are advanced traders, this account offers the best of both worlds — no commission and tight spreads.
Zero Account
The Zero Account is ideal for traders who need zero spreads on certain instruments.
While the account offers spreads starting at 0 pips, a commission is charged on trades, usually around $3.5 per lot.
Traders who use strategies that require pinpoint accuracy, such as scalping, often find the Zero Account to be the best choice.
In the African market, where volatility can present unique opportunities, having access to such precision can be a game-changer.
Leverage: Maximize Your Trading Potential
Leverage is a crucial feature that allows traders to increase their exposure to the market without needing a large amount of capital.
Exness offers flexible leverage options, which can go up to 1:2000, depending on the account type and the financial instrument being traded.
This high leverage is particularly beneficial for African traders, many of whom may not have significant starting capital.
While high leverage provides opportunities to amplify potential profits, it’s important to note that it also increases the risk of significant losses.
Exness provides various educational tools to help traders understand how to use leverage responsibly, ensuring that traders can maximize their potential while mitigating risk.
Trading Instruments: A Diverse Portfolio
Exness stands out for offering a wide range of trading instruments, providing African traders with numerous opportunities to diversify their portfolios.
By trading different instruments, traders can spread their risk across various asset classes, improving the potential for profitability in different market conditions.
Below is a comprehensive breakdown of the instruments available:
- Forex: Exness provides access to over 100 currency pairs, including major, minor, and exotic pairs. Whether you’re looking to trade established currency pairs like EUR/USD or explore less commonly traded pairs such as ZAR/JPY, Exness has you covered. This extensive selection is particularly beneficial for African traders who may want to focus on currency pairs that are more relevant to their region.
- Commodities: Exness offers popular commodities such as gold, silver, and oil. Commodities are an excellent way to hedge against inflation or diversify during periods of economic uncertainty. For African traders, who often experience inflation fluctuations, trading commodities can provide additional stability to their portfolios.
- Indices: Exness provides exposure to major global indices such as the S&P 500, FTSE 100, and DAX 30. Trading indices allows traders to speculate on the overall performance of a particular economy or sector, offering a broader view of the market than individual stock trading. This is an attractive option for African traders looking to trade in larger markets outside the continent.
- Cryptocurrencies: With the growing popularity of digital assets, Exness offers trading in major cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. Cryptocurrencies are a high-risk, high-reward market that can provide significant opportunities for profit, especially for African traders looking to diversify their trading strategies.
- Stocks: Exness offers CFDs on some of the world’s most well-known companies, including Apple, Google, and Amazon. This allows traders to speculate on the price movements of these companies without having to own the underlying assets. African traders can take advantage of global economic trends and invest in some of the biggest names in the market.
| Trading Instrument | Available Options |
| Forex | Over 100 currency pairs, including major, minor, and exotic pairs |
| Commodities | Gold, silver, oil |
| Indices | S&P 500, FTSE 100, DAX 30 |
| Cryptocurrencies | Bitcoin, Ethereum, Litecoin |
| Stocks (CFDs) | Apple, Google, Amazon, and others |
With such a wide range of trading instruments, Exness ensures that traders can explore multiple markets and take advantage of different trading opportunities.
This diversification is particularly important for African traders, allowing them to mitigate risks and maximize profitability.
Trading Platforms: MetaTrader 4 and MetaTrader 5
Exness provides two of the most popular trading platforms globally: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
These platforms are favored by traders worldwide due to their stability, advanced features, and ease of use.
Whether you’re a beginner or an experienced trader, the MetaTrader platforms offer all the tools necessary to succeed in the markets.
MetaTrader 4 (MT4)
MT4 is the go-to platform for most forex traders.
It provides a user-friendly interface, along with essential trading tools such as customizable charts, technical indicators, and one-click trading.
MT4 is particularly well-suited for beginner traders who are looking for a simple yet powerful platform to execute their trades.
MetaTrader 5 (MT5)
MT5 is the next generation of the MetaTrader platform, offering more advanced features such as depth of market data, additional timeframes, and advanced charting capabilities.
Experienced traders often prefer MT5 due to its enhanced functionality, which allows for more in-depth market analysis and more flexible trading strategies.
Trading Costs and Fees
Exness is known for its competitive pricing, which makes it an attractive option for African traders.
The broker offers tight spreads, low commissions, and zero fees on deposits and withdrawals.
Below is a detailed look at the trading costs associated with different account types:
| Account Type | Spread | Commission | Leverage |
| Standard | From 0.3 pips | None | Up to 1:2000 |
| Raw Spread | From 0.0 pips | $3.5 per lot | Up to 1:2000 |
| Pro | From 0.1 pips | None | Up to 1:2000 |
| Zero | From 0.0 pips | $3.5 per lot | Up to 1:2000 |
For most traders, especially those starting out in Africa, the combination of competitive spreads and no commission on the Standard Account makes Exness an appealing choice.
More experienced traders might opt for the Raw Spread or Zero Accounts, which offer tighter spreads at a small commission cost.
Deposit and Withdrawal Methods
One of the standout features of Exness is its wide range of deposit and withdrawal methods, which are tailored to meet the needs of African traders.
Exness offers instant withdrawals and supports multiple local payment methods, which include bank transfers, e-wallets such as Neteller and Skrill, and even cryptocurrency payments.
This flexibility ensures that traders can easily fund their accounts and withdraw profits without unnecessary delays.
Additionally, Exness does not charge any fees for most deposit and withdrawal methods, which can be a significant cost-saving factor for African traders.
Another advantage is the support for local currencies, reducing the need for currency conversion and the associated fees.
Customer Support and Educational Resources
Exness provides excellent customer support, available 24/7 via live chat, email, and phone.
The support is multilingual, with services available in several African languages, making it easier for traders across the continent to get assistance in their preferred language.
For African traders who may need local language support, this is a massive benefit.
In addition to its customer support, Exness also offers a range of educational resources aimed at helping traders improve their skills and knowledge.
These resources include:
- Webinars: Exness frequently hosts webinars on various trading topics, covering everything from basic trading strategies to advanced technical analysis.
- Video Tutorials: For those who prefer to learn visually, Exness provides video tutorials that explain how to use the platforms and various trading tools effectively.
- Educational Articles: The broker offers a comprehensive library of articles that explain complex topics in simple terms, making it easier for novice traders to understand.
By providing access to these resources, Exness empowers traders in Africa to develop their skills and make informed trading decisions.
Conclusion: Why Exness is a Top Choice for African Traders
Exness offers a robust trading environment for African traders, combining competitive pricing, diverse trading instruments, and exceptional customer support.
With its strong regulatory standing, advanced trading platforms, and commitment to transparency, Exness stands out as one of the most reliable brokers available to African traders.
The broker’s wide range of account types, flexible leverage, and instant withdrawals make it accessible to traders at all levels, from beginners to seasoned professionals.
For African traders looking for a secure, transparent, and user-friendly broker, Exness offers a comprehensive solution that can meet a wide variety of trading needs.
Visit the official website: www.exness.comExness Account Comparison with Other Brokers
This table compares Exness with 25 other brokers in terms of demo account availability, minimum deposit, regulatory bodies, platforms, leverage, payment methods, and a direct link to visit each broker’s website.
The goal is to offer a side-by-side comparison to see how Exness performs relative to its competitors, particularly for African traders.
Brokers included in this comparison are well-established, highly reputable, and cater to a global audience, with specific offerings tailored to the African market.
| Broker | Demo Account | Minimum Deposit | Regulators | Platforms | Leverage | Payment Methods | Visit |
|---|---|---|---|---|---|---|---|
| Exness | Yes | $10 | FCA, CySEC, FSCA, FSA | MT4, MT5 | 1:2000 | 15 | Visit Exness |
| JustMarkets | Yes | $1 | FSA, CySEC | MT4, MT5 | 1:3000 | 10 | Visit JustMarkets |
| FBS | Yes | $1 | CySEC, IFSC | MT4, MT5 | 1:3000 | 16 | Visit FBS |
| RoboForex | Yes | $10 | IFSC | MT4, MT5, cTrader | 1:2000 | 20 | Visit RoboForex |
| XTB | Yes | $0 | FCA, KNF | xStation 5 | 1:500 | 12 | Visit XTB |
| IC Markets | Yes | $200 | ASIC, CySEC, FSA | MT4, MT5, cTrader | 1:500 | 14 | Visit IC Markets |
| Vantage | Yes | $50 | FCA, ASIC, FSCA | ProTrader, MT4, MT5 | 1:500 | 12 | Visit Vantage |
| eToro | Yes | $200 | FCA, CySEC | WebTrader | 1:400 | 10 | Visit eToro |
| IQ Option | Yes | $10 | CySEC | Proprietary | 1:500 | 11 | Visit IQ Option |
| LiteFinance | Yes | $50 | CySEC, FSA | MT4, MT5 | 1:500 | 15 | Visit LiteFinance |
| FxPro | Yes | $100 | FCA, CySEC | MT4, MT5, cTrader | 1:500 | 12 | Visit FxPro |
| EasyMarkets | Yes | $100 | FCA, CySEC | MT4, WebTrader | 1:400 | 10 | Visit EasyMarkets |
| Deriv | Yes | $10 | MFSA, VFSC | MT5, WebTrader | 1:1000 | 12 | Visit Deriv |
| Pepperstone | Yes | $0 | FCA, ASIC, CySEC | MT4, MT5, cTrader | 1:500 | 12 | Visit Pepperstone |
| Vantage | Yes | $50 | FCA, ASIC, FSCA | MT4, MT5, cTrader | 1:500 | 12 | Visit Vantage |
| InstaForex | Yes | $1 | CySEC, FSA | MT4, MT5 | 1:1000 | 20 | Visit InstaForex |
| OctaFX | Yes | $50 | CySEC, IFSA | MT4, MT5, cTrader | 1:500 | 10 | Visit OctaFX |
| Tickmill | Yes | $100 | FCA, CySEC, FSA | MT4, WebTrader | 1:500 | 14 | Visit Tickmill |
| FreshForex | Yes | $10 | FSA | MT4, MT5 | 1:1000 | 10 | Visit FreshForex |
| FXOpen | Yes | $10 | FCA, CySEC | MT4, MT5 | 1:500 | 15 | Visit FXOpen |
Markets and Instruments Comparison
Below is a detailed comparison of the markets and instruments offered by Exness and its top competitors.
This comparison will help traders understand which brokers offer the most comprehensive range of markets, from CFDs and forex to stocks, commodities, cryptocurrencies, and ETFs.
For African traders looking to diversify their portfolios, this table provides insights into which brokers provide the best range of instruments.
| Broker | CFD | Forex | Stocks | Commodities | Crypto | Metals | Energies | ETFs | Futures | Indices |
|---|---|---|---|---|---|---|---|---|---|---|
| Exness | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No | Yes | Yes |
| JustMarkets | Yes | Yes | No | Yes | No | Yes | Yes | No | No | Yes |
| FBS | Yes | Yes | Yes | Yes | No | Yes | No | Yes | No | Yes |
| RoboForex | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| IC Markets | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| XTB | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No | Yes | Yes |
| Pepperstone | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No | Yes |
| eToro | Yes | Yes | Yes | Yes | No | Yes | No | Yes | No | Yes |
| IQ Option | Yes | Yes | No | Yes | Yes | Yes | No | No | No | Yes |
| LiteFinance | Yes | Yes | No | Yes | No | Yes | Yes | Yes | No | Yes |
| FxPro | Yes | Yes | Yes | Yes | Yes | Yes | No | No | No | Yes |
| EasyMarkets | Yes | Yes | Yes | Yes | No | Yes | No | No | No | Yes |
| Deriv | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No | No | Yes |
| InstaForex | Yes | Yes | Yes | Yes | Yes | Yes | No | No | No | Yes |
| OctaFX | Yes | Yes | No | Yes | Yes | Yes | No | No | No | Yes |
| Tickmill | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No | Yes | Yes |
| FreshForex | Yes | Yes | No | Yes | No | Yes | Yes | No | No | Yes |
| FXOpen | Yes | Yes | No | Yes | No | Yes | Yes | Yes | No | Yes |
Conclusion: Why Exness Stands Out Among Competitors
After a comprehensive comparison with leading brokers, it is clear that Exness offers a strong range of markets, platforms, and competitive trading conditions, particularly for African traders.
With access to high leverage, a user-friendly platform, and localized services, Exness remains one of the top choices for traders looking to explore various financial markets.
While it faces stiff competition from brokers like RoboForex and IC Markets, its unique features such as flexible account types, instant withdrawals, and tight spreads make it a broker worth considering.
Visit the official website: www.exness.comUser Reviews and Opinions
Frequently Asked Questions
Is Exness regulated in Africa?
Yes, Exness is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa.
What is the minimum deposit for Exness?
The minimum deposit for Exness is $10.
Does Exness offer Islamic accounts?
Yes, Exness offers Islamic accounts.
What trading platforms does Exness support?
Exness supports MT4, MT5, and WebTrader platforms.
Are there any deposit or withdrawal fees?
No, Exness does not charge any deposit or withdrawal fees.
Does Exness offer customer support in Africa?
Yes, Exness offers customer support through live chat, email, phone call, FAQ, and social media.
What are the available payment methods for African clients?
Exness accepts payment methods like MPesa, Neteller, Skrill, bank transfers, and credit/debit cards.
Does Exness provide educational resources?
Yes, Exness provides webinars, tutorials, and articles for educational purposes.
Is there a demo account available?
Yes, Exness offers a demo account for practice trading.
What leverage options are available at Exness?
Exness offers leverage up to 1:2000.
Resources
Get To Know Our Team
The following team members have contributed to writing, editing, reviewing, and verifying the information in this article:
Arnold K.
Arnold is a financial journalist specializing in Forex and brokers. With a Bachelor of Science in Graphic Communication & Advertising, he blends creativity and analytical insight in his work. Arnold is known for his detailed analyses of forex markets and broker performance, emphasizing strategic decision-making in trading. His writing, featured on many platforms, aims to educate readers on navigating forex complexities. Passionate about technology and continuous learning, Arnold remains a trusted voice in the financial sector.
Oluwapelumi A.
Oluwapelumi A. is a financial journalist specializing in brokers and cryptocurrency. He holds a Higher National Diploma from The Polytechnic, Ibadan. As an independent journalist, his work has been published on premier broker sites, providing insightful analyses on broker performance and market trends. His investing style focuses on dollar-cost averaging, and his expertise includes Bitcoin, Ethereum, Cardano, and Algorand. A firm believer in the transformative power of Bitcoin and blockchain, Oluwapelumi shares knowledge on how these technologies can shape the future financial system. Outside of writing, he enjoys meeting new people and exploring new experiences.
Adetola F.
Adetola is a financial journalist and market analyst. He holds a B.Sc. in Educational Media and Technology from the University of Ilorin. Specializing in swing and position trading, Adetola has expertise in currencies, cryptocurrencies, gold, and stocks. Known for his consistent performance and extensive experience, he has trained numerous successful students worldwide. Adetola frequently publishes articles, educational videos, and live market reviews to help others navigate the complexities of financial markets.
Updated as of: March 4, 2025