The broker Exness in a Few Words  

Exness is the biggest retail CFD brokerage in the world, with more than 2 trillion USD monthly trading volume. This impressive volume is a testament to the company’s solid client base and ability to provide excellent trading conditions for its clients consistently. As a technology-oriented and innovative company, Exness is a leader in the CFD industry and is often looked to by other brokers for inspiration and guidance.

In terms of trading conditions, clients can expect from Exness some of the industry’s most competitive spreads and swaps. In many cases, the company does not charge any swaps rollover fee, which can be highly beneficial for traders who hold positions for extended periods. Exness provides a wide range of tutorials and other educational materials to help clients improve their trading skills and find more sophisticated solutions.

One of the standout features of Exness is its high leverage. With a maximum leverage of 1:2000, Exness provides its clients with more flexibility and potential for profit than many other brokers. This high leverage, combined with the company’s tight spreads and low swaps, makes Exness an appealing choice for traders looking to maximize their returns on investment.

Overall, Exness is a well-trusted and highly reputable brokerage that offers its clients a wide range of benefits and features. With its commitment to innovation, technology, and excellent trading conditions, Exness is a leader in the CFD industry and a top choice for traders looking to get involved in this exciting market.

Type of accounts and Offering

Exness offers a range of account types to suit the needs of different traders. The company divides its account options into two categories: standard and professional. Standard accounts are suitable for new traders just starting in the world of CFD trading, while professional accounts are designed for more experienced traders with specific trading styles.

For this review, we will focus on the standard account, which is the most appropriate choice for new clients. However, it is worth noting that different instruments may have other conditions and cost structures on various accounts, so it may be worth exploring the options available to you in the future. By offering a range of account types, Exness allows its clients to find the right fit for their individual needs and preferences.

Available Platforms and Learning material

Exness offers a range of trading platforms to meet the needs of different types of traders. These include the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms and the company’s proprietary Exness Trader platform. These platforms are available for desktop, web, and mobile devices, allowing traders to trade from anywhere. The MT4 and MT5 platforms are known for their advanced technical analysis tools and customizable trading interface. In contrast, the Exness Trader platform offers a user-friendly design and a range of unique features. Overall, Exness’s platforms are reliable, flexible, and packed with useful features, making them an excellent choice for trading forex, CFDs, and other financial instruments.

In addition, Exness may not offer a wealth of learning materials compared to some other brokers. Still, it has a detailed FAQ section on its website explaining many complicated trading aspects. In addition, the broker provides a blog with news and other information that can be useful for traders looking to stay up-to-date on the latest developments in the financial markets. While Exness’s learning materials may not be as extensive as those offered by other brokers, they provide an excellent introduction to the basics of trading. They can be helpful for traders looking to get started.

Cost of Trading

The cost of trading is essential for anyone looking to invest in the financial markets. In addition to the commission paid for each transaction, several other hidden fees can increase the overall cost of trading. For example, spreads and swap charges can add up quickly and significantly impact the profitability of a trade. Spreads refer to the difference between a security’s bid and ask price, while swap charges are fees applied to positions held overnight. These fees are often not transparent and can be difficult for traders to understand, but they are essential to consider when making trading decisions. To minimize the impact of these hidden costs, traders need to clearly understand how they work and how to mitigate their effects. This can involve using brokers with competitive fees, looking for opportunities to reduce spreads, and carefully managing positions held overnight to minimize swap charges. By understanding and minimizing the hidden costs of trading, traders can increase their profitability and improve their overall trading performance.

Please find below a comparison of Exness’ standard account cost of trading with other brokers:

Exness may not be the cheapest broker in terms of spreads in their standard account. Still, the slight difference among the top competition can be easily replaced by the high leverage and competitive swap charges they offer on some currency pairs. As mentioned before, after getting familiar with Exness’s offerings, you can choose a different account type that may provide a more competitive cost structure for the instruments of your choice. This allows you to take advantage of Exness’s strengths while minimizing potential drawbacks. Overall, Exness is a strong option for traders looking for a high level of leverage and competitive fees.