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Advantages and Disadvantages of Exness | Is Exness really a good broker for traders?
Uncover the unique benefits and challenges of trading with Exness Forex, including its unlimited leverage and specific account opening conditions.
Table of Contents
- Advantages and Disadvantages
- Unlimited Leverage
- Swap-Free
- Stop Out Level 0
- NBP Support
- Pro Account
- Gold, Crude Oil, Nikkei Stock Average, US Stocks, Bitcoin
- How to Contact
Exness offers exceptional features like unlimited leverage, swap-free trading, and a 0% stop-out level, appealing to traders looking for maximum trading flexibility and risk management.
Unlimited leverage at Exness allows traders to place significantly larger orders compared to other brokers, subject to certain conditions like transaction frequency and lot sizes.
Despite its advanced features, Exness has higher barriers to entry for new traders, including higher initial deposits and fewer bonuses, which could deter beginners.
Exness offers a variety of specialized trading accounts, such as Pro accounts with narrow spreads and no commission fees, making it attractive for experienced traders focusing on cost efficiency.
The broker also supports NBP (Negative Balance Protection), ensuring that traders do not incur debts exceeding their account balance, adding an extra layer of financial safety during volatile trading sessions.
Advantages and Disadvantages of Exness.
Let’s thoroughly explain the advantages and disadvantages of the Forex broker Exness!
Exness is explained in terms of its basic “unlimited leverage” and “stop out level 0”, “NBP support”, as well as “swap-free”, “mid-price stop out”, “pro account with narrow spread and no transaction fees”, and “card deposits”.
Conversely, the disadvantages of Exness, which is said to have a higher barrier to account opening compared to other Forex brokers (FX broker/FX company), are also explained.
Advantages and Disadvantages of Exness
Here are three advantages of starting Forex trading with Exness.
- The world’s highest leverage “unlimited leverage (2.1 billion times)”
- Forex currency pairs such as USDJPY are also swap-free
- stop out level 0% & debt does not occur due to NBP support
Exness is sometimes said to have disadvantages compared to other Forex brokers (FX broker/FX company), such as “high initial deposit amount” and “fewer bonuses”. However, the second half of this column explains the causes and reasons for the disadvantages, and the solutions.
Unlimited Leverage
The leverage of Forex broker Exness is the highest in the world at 2.1 billion times, known as unlimited leverage.
FX Company | Leverage |
---|---|
Exness | 2.1 billion times (unlimited leverage) |
AXIORY | 2,000 times |
Vantage | 2,000 times |
XM | 1,000 times |
DMMFX | 25 times |
When you do a $100 USD challenge in Forex, you can only place orders worth $3,000 USD in an account with 30 times leverage, like DMMFX, but with Exness, you can place orders worth $2,000,000 USD due to the high leverage of 2.1 billion times.
Conditions for Unleashing Exness’s Unlimited Leverage
Traders who can set Exness’s unlimited leverage are those who have met the following leverage release conditions.
Exness | Leverage Release Conditions |
---|---|
Number of Transactions | More than 10 times |
Lot Size | Total of more than 5 lots |
Traders who have just opened an account with Exness can only set leverage up to 2,000 times.
Click here for Unlimited Leverage
Exness’s Unlimited Leverage Bonus
At Forex broker Exness, if you change the leverage of your trading account to “unlimited leverage (1: infinite)”, you will receive a $30 unlimited leverage bonus.
- Open a standard account
- Achieve more than 10 transactions
- Achieve trading totaling more than 5 lots
- Change to unlimited leverage
- Apply to receive the unlimited leverage bonus
- $30 will be cashbacked to your FX account
If you change the leverage to unlimited leverage (unlimited leverage) at Exness, do not forget to apply for the unlimited leverage bonus here!
Exness is Swap-Free in Forex
At Forex broker Exness, you can trade indices such as the dollar yen and gold, the Nikkei stock average, and S&P500, as well as Forex, swap-free.
FX Company | Swap-Free |
---|---|
Exness | FX currency pairs Gold Crude oil Indices Cryptocurrencies |
XM | FX currency pairs Precious metals Energy* Commodities* Indices* |
FXGT | FX currency pairs* Precious metals* Energy* Indices* |
HFM | FX currency pairs Gold Crude oil |
DMMFX | No applicable instruments |
Swap-free means that there is no transfer of swap points even if you do not settle the order until the next day.
Swap Points | Features |
---|---|
Positive Swap | If you do not settle the order until the next day, you receive swap points (profit occurs) |
Negative Swap | If you do not settle the order until the next day, swap points are taken (loss occurs) |
Swap-Free | Whether you settle the order the next day or not, you neither receive nor lose swap points |
For Forex beginners, swap-free is recommended because you do not have to worry about profits and losses due to the transfer of swap points every morning.
Instruments Eligible for Swap-Free at Exness
At Forex broker Exness, the instruments that can be traded swap-free vary with the swap-free status.
The instruments eligible for swap-free status at Exness can also be checked on the official website (exness.com).
The swap-free status and eligible instruments at Exness can change suddenly.
Exness Has a stop out Level of 0 (stop out Level Zero)
The stop out level at Forex broker Exness is 0% of the margin maintenance rate.
FX Company | stop out Level |
---|---|
Exness | Below 0% |
AXIORY | 0% |
Vantage | 0% |
XM | 20% |
DMMFX | 50% |
Because Exness has a stop out level of 0 (stop out level zero), your own funds will not be cut until they reach $0 USD.
Mid-Price stop out at Exness (stop out Protection)
Forex broker Exness has added special services such as a “mid-price stop out” and “stop-out protection,” which lower the stop out level below 0%.
Stop-out protection helps delay the activation of a stop-out and, in some cases, completely avoid it, allowing Exness traders to reduce stop-outs by 30%.
…For example, if you buy one lot of XAUUSD with a current spread of $20, the formula is ($20 ÷ 2) = $10, and you receive $10 of virtual capital to protect the order.
This means that the trade will not be settled by a stop-out until the effective margin in the account falls below -$10. If negative effective margin appears on the trading platform, it means that stop-out protection is functioning to keep the trade.
At Exness, when the spread widens or the number of lots ordered is high, and you are losing up to the level where stop out occurs, the mid-price stop out can prevent you from going into a negative balance even if you lose.
NBP Support at Exness
Forex broker Exness is NBP supported, so even if you lose big in Forex, traders do not incur debt.
Negative Balance Protection
You need not worry about incurring debts to the broker. Across all account types, we prevent losses that exceed the balance.
At some brokers’ accounts, there is a possibility of incurring debt when you lose in Forex, therefore, leverage regulation up to 30 times is implemented because high leverage is considered dangerous.
As a global standard, Exness’s NBP supported accounts do not incur debt even with high leverage such as unlimited leverage when you lose in Forex.
Exness’s Pro Account Remains Commission-Free with a Narrow Spread
Forex broker Exness was the first in the industry to offer a pro account with a narrow spread while remaining commission-free.
Account Type | USDJPY | EURJPY | EURUSD |
---|---|---|---|
Standard Account | Average 1.1 pips | Average 2.7 pips | Average 1 pip |
Standard Cent Account | Average 1.1 pips | Average 2.7 pips | Average 1 pip |
Pro Account | Average 0.7 pips | Average 1.7 pips | Average 0.6 pips |
Zero Account* | Average 0 pips | Average 0.1 pips | Average 0 pips |
Low-Spread Account* | Average 0 pips | Average 0.6 pips | Average 0 pips |
Before Exness’s pro account was offered, accounts with a narrow spread always had the disadvantage of incurring transaction fees.
Is Exness’s Spread Narrow?
Exness’s spread is wider than other broker’s accounts but narrower compared to other accounts.
FX Company | Account Type | USDJPY |
---|---|---|
DMMFX | – | Fixed 0.2 pips (Core time) |
Exness | Pro Account | Average 0.7 pips |
XM | KIWAMI Extreme Account | Minimum 0.9 pips |
FXGT | Pro Account | Minimum 0.9 pips |
HFM | Pro Account | Minimum 1.1 pips |
Exness adopts a variable spread that changes according to market conditions.
What is a Top Account Where Exness Incurs Transaction Fees?
Forex broker Exness has a zero account and a low-spread account with an average spread of 0 pips, but they incur a few dollars of transaction fees at the time of order.
Below are the spreads and transaction fees for the USDJPY (USDJPY) in Exness’s account types.
Account Type | Spread | Transaction Fees | Transaction Cost |
---|---|---|---|
Standard Account | Average 1.1 pips | Free | Average 10 USD/lot |
Standard Cent Account | Average 1.1 pips | Free | Average 10 USD/lot |
Pro Account | Average 0.7 pips | Free | Average 7 USD/lot |
Zero Account | Average 0 pips | $7/lot | Average 10 USD/lot |
Low-Spread Account | Average 0 pips | $7/lot | Average 10 USD/lot |
In the case of Exness’s top accounts where transaction fees are incurred, the respective transaction fees are taken the moment you place an order.
Exness’s pro account is recommended for traders who care about transaction costs, as it effectively offers the lowest transaction costs.
Instant Execution Available at Exness
At Exness’s pro account, you can choose the execution type, which is unique among Forex brokers.
Below are the differences between the market execution and instant execution types available at Exness’s pro account.
Execution Type | Features |
---|---|
Market | Less likely to have requotes but more slippage |
Instant | Less likely to have slippage but more requotes |
If you are a Forex beginner, for now, it’s best to choose the same “market” as other account types at Exness’s pro account.
In Addition to Forex, You Can Also Trade Gold, Crude Oil, Nikkei Stock Average, US Stocks, and Bitcoin
At the trading account of Forex broker Exness, in addition to Forex, you can also trade gold and crude oil, the Nikkei stock average, S&P500 and other CFDs, and cryptocurrencies such as Bitcoin.
Category | Popular Instruments |
---|---|
FX Currency Pairs | USDJPY, EURJPY, EURUSD, GBPJPY, AUDJPY |
Precious Metals (Metals) |
Gold, Silver |
Energy | WTI Crude Oil, Brent Crude Oil, Natural Gas |
Commodities | (Not Tradable) |
Indices (Stock Indices) | Nikkei Average Stock Price, S&P500, Dow Jones Industrial Average, NASDAQ |
Individual Stocks (Stocks) | US Stocks |
Bonds | (Not Tradable) |
ETFs (Exchange-Traded Funds) | (Not Tradable) |
Cryptocurrencies (Crypto) | Bitcoin, Ethereum |
At some brokers’ accounts, you can only trade FX currency pairs on FX accounts, only gold and crude oil, the Nikkei stock average, and S&P500 CFDs on CFD trading accounts, and further, cryptocurrencies such as Bitcoin require a separate account opening at a cryptocurrency exchange.
Can You Trade Orkan and S&P500 Recommended for New NISA at Exness?
At Forex broker Exness, you can also trade indices such as Orkan and S&P500, which are used for index investing in the new NISA.
Highlighted Instruments | Exness |
---|---|
All World Stocks (All-Country) |
Not Tradable |
S&P500 | Tradable |
At Exness, All-Country (Orkan) is not tradable.
Exness Offers Choices of Card Payments, Bank Transfers, and Cryptocurrencies for Deposits and Withdrawals
In addition to bank deposits, Forex broker Exness offers methods such as card deposits and cryptocurrency deposits for funding.
- Credit cards
- Debit cards
ApplePayGooglePay- Bank transfer (bank deposit)
Convenience store payment- Bitcoin
- Tether (USDT)
- USD Coin (USDC)
- SticPay
- PerfectMoney
- TigerPay
- BinancePay
BXONE- bitwallet
At Exness, card deposits are completed in just a few seconds, just like online shopping.
Exness Offers Completely Free & Automated Deposit and Withdrawal Fees
At Forex broker Exness, the deposit fee is free on the Exness side.
Deposit and Withdrawal Methods | Trader’s Burden |
---|---|
Card Payments | Free |
Bank Transfer | Transfer Fee (a few USD) |
Cryptocurrency | Gas Fee |
Online Wallets | Transfer Fee |
The transfer fee for bank transfers (bank transfers) is free if the trader’s bank account has a benefit that makes the transfer fee free at Exness.
Exness Begins Offering Cryptocurrency Wallets
Exness is a Forex broker that also supports deposits and withdrawals in cryptocurrencies.
- Bitcoin
- Tether (USDT ERC20)
- Tether (USDT TRC20)
- USD Coin (USDC ERC20)
For example, you can transfer from other cryptocurrency exchanges (crypto asset exchanges) or Forex brokers to Exness’s cryptocurrency wallet.
“Newer than MT4, MT5” and “TradingView from America” Are Tradable
Traders at Forex broker Exness can trade FX not only with MT4 but also with the latest MetaTrader “MT5” and the “Exness Terminal” implemented with TradingView from America.
FX Company | Trading Tools |
---|---|
Exness | MT5 (MetaTrader 5) MT4 (MetaTrader 4) Exness Terminal Mobile App |
XM | MT5 (MetaTrader 5) MT4 (MetaTrader 4) WebTrader Mobile App |
FXGT | MT5 (MetaTrader 5) MT4 (MetaTrader 4) WebTrader |
FinPros | MT5 (MetaTrader 5) WebTrader |
UltimaMarkets | MT4 (MetaTrader 4) WebTrader |
iFOREX | Proprietary PC Software Mobile App |
DMMFX | Proprietary PC Software Mobile App |
Exness offers more choices of trading tools (trading platforms) than other FX brokers.
Exness Terminal with TradingView Implementation
The Exness Terminal at Forex broker Exness will be implemented with the latest TradingView developed by an American software company.
Exness’s TradingView-implemented Exness Terminal does not require a download, and it provides conveniences such as showing the “required margin at the time of order” and “periods of leverage restriction” that cannot be seen in MT5 or MT4.
Disadvantages of Exness for Forex Beginners
Forex broker Exness has features that can be disadvantages for Forex beginners.
- A minimum initial deposit of over 200 USD is required
- Unlimited leverage has many conditions and restrictions
- Bonuses are overwhelmingly few
Exness, which has the highest Forex and CFD trading volume in the world, is approaching the popularity of XM (XMTrading), the most popular, but there are points where it has higher hurdles for Forex beginners compared to XM.
Exness Requires More than 100 USD in Own Funds at the Time of First Deposit
At the time of the first deposit to Forex broker Exness, traders need more than 200 USD in own funds.
FX Company | Minimum Deposit Amount |
---|---|
HFM | 1 cent |
XM | About 5 USD |
DMMFX | 50 USD |
AXIORY | 200 USD |
Exness | First: About 150 USD Subsequent: About 10 USD |
Exness’s Second and Subsequent Deposit Amounts Can Be Made from a Few USD
The minimum deposit amount at Forex broker Exness varies with the number and method of deposit.
Exness | Minimum Deposit Amount |
---|---|
First Deposit | 200 USD |
Subsequent Deposits | 10 USD |
In the case of Exness’s pro account, zero account, or low-spread account, the minimum deposit amount at the time of the first deposit is 1000 USD.
Account Type | First Deposit | Subsequent Deposits |
---|---|---|
Standard Account | About 150 USD | About 10 USD |
Standard Cent Account | About 150 USD | 10 USD |
Pro Account | About 1,000 USD | 10 USD |
Zero Account | About 1,000 USD | 10 USD |
Low-Spread Account | About 1,000 USD | 10 USD |
Exness’s Unlimited Leverage Has Conditions and Restrictions
Exness’s unlimited leverage is not a leverage ratio that anyone can set.
Exness | Maximum Leverage |
---|---|
At Account Opening | 2,000 times |
After Leverage Release | 2.1 billion times (unlimited leverage) |
When you open an account at Exness, first complete the leverage release conditions of a total of more than 10 transactions & a total of more than 5 lots.
Unlimited Leverage | Exness |
---|---|
Setting Conditions | Traders who have made a total of more than 10 transactions & a total of more than 5 lots |
Usage Restrictions | Account balance is less than 1000 USD, and the instrument ordered is not during HMR timing |
For example, after you open an account at Exness and deposit more than 200 USD, if you place an order for USDJPY at 2,000 times leverage for 0.5 lots 10 times, you can change to unlimited leverage regardless of the outcome of FX.
Click here for unlimited leverage instruments
Exness’s Leverage Restrictions Are More Difficult Than Other FX Companies
Even with Exness’s unlimited leverage FX account, not all instruments can always be traded with unlimited leverage.
Below, Exness’s unlimited leverage is not available if the balance exceeds 1500 USD.
Balance | Maximum Leverage |
---|---|
1000 USD | Unlimited Leverage |
1000 USD | 2,000 times |
Furthermore, below are the main instruments that can be traded with unlimited leverage at Exness.
Exness | Unlimited Leverage |
---|---|
FX Currency Pairs | Almost all applicable |
Precious Metals | Only gold and silver |
Energy | Not applicable |
Commodities | Not tradable |
Indices | Not applicable |
Stocks | Not applicable |
Bonds | Not tradable |
ETFs | Not tradable |
Cryptocurrencies | Not applicable |
Also, Exness does not allow trading with unlimited leverage (unlimited leverage) during the following times called HMR.
Exness | HMR |
---|---|
FX Currency Pairs | Important economic indicators’ announcements and around weekends, etc. |
Precious Metals | Important economic indicators’ announcements and around weekends, etc. |
Energy | Important economic indicators’ announcements and around weekends, etc. |
Commodities | Not tradable |
Stock Indices | Around important economic indicators’ announcements, etc. |
Stocks | Around earnings announcements or important events, etc. |
Bonds | Not tradable | ETFs | Not tradable |
Cryptocurrencies | Around important events, etc. |
The times when you cannot trade with unlimited leverage at Exness can be checked in the web trader implemented with TradingView.
Exness Offers Few Bonuses
Exness has significantly fewer bonuses compared to other FX brokers.
FX Broker | Account Opening Bonus | Deposit Bonus |
---|---|---|
XM | 100 USD | 100% deposit bonus, etc. |
Exness | 100 USD | None |
FXGT | 100 USD, etc. | 100% deposit bonus, etc. |
IronFX | 30 USD | 100% deposit bonus, etc. |
HFM | None | 20% deposit bonus, etc. |
The most bonuses can be obtained at everyone’s FX.com for Exness.
Exness | Bonus Amount |
---|---|
Account Opening Bonus | 100 USD (1 person per month) |
100% Deposit Bonus | Not available |
Trading Points | Exness Dollars (EXD) |
Loyalty Program | Premium Program |
Cash Cashback | Unlimited Leverage Bonus |
Cashback Account | 36% of the spread |
Trading Tournament (Trading Contest) | Not officially held |
Exness Can Trade Stocks, but Some Stocks Are Not Tradable
At Forex broker Exness, in addition to Forex, gold, the Nikkei average stock price, and cryptocurrencies such as Bitcoin, you can also buy and sell the most popular stocks for investment.
Stocks | Exness |
---|---|
US Stocks | Tradable |
Japanese Stocks | Not tradable |
European Stocks | Not tradable |
UK Stocks | Not tradable |
Chinese Stocks | Not tradable |
Indian Stocks | Not tradable |
At Exness, you can trade stocks such as NVIDIA, but still, some stocks are not tradable.
FAQs to summarize the article
- What unique features does Exness offer for Forex traders?
- Exness offers features like unlimited leverage, swap-free trading, and a 0% stop-out level, providing flexibility and risk management to traders.
- What does unlimited leverage mean at Exness?
- Unlimited leverage at Exness allows traders to place significantly larger orders under certain conditions, enhancing their trading potential beyond typical leverage limits.
- What are the barriers to entry for new traders at Exness?
- New traders at Exness face higher barriers such as higher initial deposits and fewer bonuses, which may deter beginners from using this platform.
- How does Exness support cost efficiency for experienced traders?
- Exness offers Pro accounts with narrow spreads and no commission fees, appealing to experienced traders looking for cost efficiency in their trading activities.
- What is Negative Balance Protection (NBP) at Exness?
- NBP at Exness ensures that traders do not incur debts exceeding their account balances, offering an extra layer of financial safety during volatile trading sessions.
- What are the conditions to access unlimited leverage at Exness?
- To access unlimited leverage, Exness requires traders to complete a set number of transactions and trade a minimum total lot size, among other criteria.
- Can all trading instruments use unlimited leverage at Exness?
- No, not all trading instruments at Exness can utilize unlimited leverage. Restrictions apply based on the type of instrument and other trading conditions.
- Does Exness offer any special accounts for professional traders?
- Yes, Exness provides specialized Pro accounts that offer narrow spreads and no commission fees, tailored for professional and cost-conscious traders.
- Are there any fees for account inactivity at Exness?
- While the article does not specifically mention inactivity fees, traders should verify this information directly on the Exness platform to avoid potential costs.
- How does the 0% stop-out level work at Exness?
- The 0% stop-out level at Exness means that trades are not automatically closed until the account balance reaches zero, providing traders with maximum control over their positions.