Review Methodology Affiliate Disclosure

Exness Review 2026

Name: Exness Review 2026: Is Exness Legit? Withdrawal, Leverage & Real Costs
Uploaded: 2026-10-24T11:25:30-07:00
Duration: 8 min 27 s
Description: Exness is built for active traders: no Exness fees to deposit or withdraw, most withdrawals processed automatically, a zero stop out and, on eligible accounts, unlimited leverage. Retail accounts sit with its offshore and African companies, not its FCA or CySEC firms, so check which one you would join.

4.75/5 FX Recap score

Facts checked against the Exness Help Center on 1 October 2026

FX Recap Awards 2026: #2 overall · Best in South Africa

Visit ExnessExcellentLicences: FSA Seychelles, FSCA +3

Ad High risk: most retail CFD accounts lose money. We never tell you to trade, so read Exness's disclosures first. Our promise

Exness is built for active traders: no Exness fees to deposit or withdraw, most withdrawals processed automatically, a zero stop out and, on eligible accounts, unlimited leverage. Retail accounts sit with its offshore and African companies, not its FCA or CySEC firms, so check which one you would join.

Guides14

Can You Connect Exness to TradingView? What Works and What Doesn't Exness Fees: Spreads, Commissions, Swaps and the Admin Fee Exness Stop Out and Margin Call: 0% Stop Out and Stop Out Protection Exness Execution: Market Maker Model, Requotes and the Slippage Rule Exness Rewards: How the Loyalty Programme and EXD Cashback Work Exness Trading Platforms: MT4, MT5, Exness Terminal and Exness Trade Exness Trade App: Trading, Funding, Security and Limits Exness VPS: Free Hosting for EAs, Who Qualifies and How to Set It Up Exness Standard Cent Account: Cent Lots, Instruments and Limits Exness Customer Support: Support Hub, Live Chat, Languages and Security Exness Stock Trading: Share CFDs, Leverage, Earnings Margin and Splits Exness Indices: US30, US500, USTEC and Other Index CFDs Exness Crypto Trading: Bitcoin CFDs, 24/7 Hours, Leverage and Limits Exness Trading Hours: Server Time, Daily Breaks, Holidays and Swaps

Offers2

Exness Promotions & Bonuses: No Bonus, What You Get Instead Exness Rewards: How EXD Cashback and the Tiers Work

Tap a face for rolesOur methodology →

An FX Recap team effort, from Abir Khan to Ranjan N. Mondol

Exness at a glance

Source: Exness Help Center, regional sites and regulator registers, checked 1 October 2026

Retail licences	FSA Seychelles (SD025), FSCA (FSP 51024), CMA Kenya (162), FSC BVI, CBCS, FSC Belize, JSC Jordan
Not for retail	Exness (UK) Ltd, FCA FRN 730729, and Exness (Cy) Ltd, CySEC 178/12, serve business clients only
Minimum deposit	Standard and Standard Cent: set by your payment method · Pro, Raw Spread and Zero: from $200, by region
EUR/USD spread	From 0.2 pips on Standard · 0.1 on Pro · 0.0 on Raw Spread and Zero
Commission	None on Standard, Cent or Pro · up to $3.50 per lot per side on Raw Spread · from $0.05 on Zero
Maximum leverage	Unlimited on eligible accounts, 1:2000 by default, lower as equity grows · 1:400 in Kenya
Platforms	MT4, MT5, Exness Terminal (web), Exness Trade app
Fees to watch	Overnight swaps · possible admin fees on overnight positions for traders who are not intraday
Support	24/7 live chat, phone and email
In business	2008
Not accepted	Residents of the US, Canada, Iran, North Korea, the EU and the UK, among others

Can I open an Exness account from my country?

Is it legal for me to trade with this broker?

Two things decide whether you can trade: the broker must accept your country, and your own country's law must allow you to trade with a foreign broker. A broker accepting you does not make it legal where you live, so check both.

Your country

Exness also excludes other countries; its UK and EU firms take no retail clients.

Exness pros and cons

What traders get

No Exness fee to deposit or withdraw
More than 98% of withdrawals processed automatically, 24/7
Five account types, from Standard Cent to Raw Spread and Zero
0% stop out, negative balance protection and Stop Out Protection
Swap-free on all instruments for clients in Muslim-majority countries
Free VPS for clients who meet the balance and volume criteria

What to watch

Retail accounts are with offshore and African companies, not the FCA or CySEC firms
No welcome, deposit or trading bonus
Copy trading closed on 25 June 2026
Admin fees can apply to overnight positions of traders who are not intraday
Leverage drops sharply around high-impact news and weekends
Not open to the UK, the EU, the US or Canada

How Exness' 4.75 score is built

Our methodology →

Ten parameters, weighted the same way for every broker. The share shows how much each one counts towards the score; the label is what we found for Exness.

Regulation & safety20% of scoreMixedLicensed in Seychelles, South Africa, Kenya, BVI, Curaçao, Belize and Jordan. Its FCA and CySEC firms take no retail clients.
User satisfaction15% of scoreNeeds dataNeeds real trader reviews. Our review box opened in October 2026.
Commissions & fees13% of scoreStrengthNo commission on Standard, Cent or Pro and no Exness payment fees. Watch the overnight admin fee rule.
Platforms & tools12.5% of scoreStrengthMT4, MT5, Exness Terminal and the Exness Trade app, plus free VPS for eligible clients.
Deposit & withdrawal10% of scoreStrengthMost withdrawals processed automatically, the rest within 24 hours, with no Exness fee.
Account types9% of scoreStrengthStandard Cent, Standard, Pro, Raw Spread and Zero.
Account opening8% of scoreStrengthID plus proof of address, checked within 24 hours.
Trading instruments7% of scoreStrengthForex, metals, energies, indices, crypto and stock CFDs.
Mobile apps3% of scoreStrengthExness Trade app with TradingView charts, Trading Central and FXStreet news.
Customer support2.5% of scoreStrengthLive chat, phone and email 24/7, in 14 languages.

Is Exness safe? It depends on where you live

What does a regulator actually do?

A regulator licenses brokers and supervises how they treat clients. Top-tier regulators such as the FCA (UK), ASIC (Australia) and CySEC (EU) set strict rules on client money, leverage and complaints; offshore regulators set lighter ones. Most brokers run several companies, and the one named in your client agreement decides which rules protect you. Negative balance protection means you cannot lose more than the money in your account.

Exness is a group of companies. Which one opens your account depends on where you live, and that decides your regulator, your leverage and your stop out level. Pick your region:

Company: Exness (SC) Ltd
Regulator: FSA (Seychelles)
Licence: SD025
Leverage: Unlimited if eligible, otherwise up to 1:2000

Negative balance protection and Stop Out Protection
Member of the Financial Commission: up to EUR 20,000 per client, for Commission rulings only
Offshore licence: lighter rules than the FCA or CySEC

Exness also holds licences from the FSC in the BVI, the CBCS in Curaçao and Sint Maarten, and the FSC in Belize. Its Mauritius company offers no retail services. Check the company named in your client agreement on the regulator's own register.

Is Exness regulated? Full check →

How to open an Exness account

What is KYC verification?

Before you can trade or withdraw, a broker must check who you are. This is called KYC, short for "know your customer". You usually upload a photo ID and a recent bill or bank statement showing your address. Practise on a demo account with virtual money before you deposit real money.

RegisterCreate a Personal Area with your email, country of residence and a password.
VerifyUpload proof of identity valid for at least 3 more months and proof of address from the last 6 months. Exness checks them within 24 hours.
FundDeposit from an account in your own name, 24/7. Pro, Raw Spread and Zero need a first deposit from $200, depending on region.
TradeOpen a trading account on MT4, MT5 or the Exness platform. Each account works on one platform only.

Demo accounts are available for every type except Standard Cent; an MT5 demo starts with $10,000. Inactive real accounts can be archived, with no fee to reactivate.

Step-by-step account guide →

Related guidesExness Demo Account

Exness fees: what one trade costs

What are spreads and pips?

The spread is the gap between the buy and sell price, and it is the main cost on accounts without commission. A pip is the fourth decimal on most currency pairs (0.0001); on one standard lot of EUR/USD, 1 pip is worth about $10. Raw and ECN accounts have tighter spreads but add a fixed commission per lot, so always compare the total cost.

Standard, Cent and Pro put the whole cost in the spread. Raw Spread and Zero pair near-zero spreads with a commission per lot, charged on both sides when you open.

Cost	What Exness charges
Commission	None on Standard, Standard Cent or Pro. Raw Spread: up to $3.50 per lot per side. Zero: from $0.05 per lot per side.
Deposits and withdrawals	No Exness fee. Your bank or payment provider may charge its own.
Inactivity	No fee. Inactive accounts can be archived and reopened free.
Overnight swap	Charged at 21:00 GMT in summer and 22:00 in winter, triple on Wednesday for forex and metals. None on energies.
Overnight admin fee	Exness may charge a per-lot fee on overnight positions of clients whose trading is not intraday, for example $25 per lot on EUR/USD and $200 on gold.

Every Exness cost explained →

EUR/USD cost per lot at the brokers we review

Broker	Spread	Commission	Per lot
RoboForexECN	0.0 pipsfrom+ $20 per $1M (≈ $4.34 a lot)	$20 per $1M (≈ $4.34 a lot)	$4.34
Fusion MarketsZero	0.01 pipsaverage+ $2.25 a side	$2.25 a side	$4.60
LiteFinanceECN	0.0 pipsfrom+ $5 a lot	$5 a lot	$5.00
TickmillRaw	0.0 pipsfrom+ $3 a side	$3 a side	$6.00
VantageRaw ECN	0.0 pipsfrom+ $3 a side	$3 a side	$6.00
Elev8Standard	0.6 pipsfromno commission	None (in the spread)	$6.00
ExnessRaw Spread	0.0 pipsfrom+ Up to $3.50 a side	Up to $3.50 a side	up to $7.00
FP MarketsRaw	0.1 pipsaverage+ $3 a side	$3 a side	$7.00
FXTMAdvantage	0.0 pipsfrom+ $3.50 a side	$3.50 a side	$7.00
IUXRaw	0.0 pipsfrom+ $7 a lot	$7 a lot	$7.00
PepperstoneRazor	0.0 pipsfrom+ $3.50 a side	$3.50 a side	$7.00
XMUltra Low	0.8 pipsfromno commission	None	$8.00
IC MarketsRaw Spread	0.1 pipsaverage+ $3.50 a side	$3.50 a side	$8.00
AvaTradeStandard	0.8 pipstypicalno commission	None	$8.00

One standard lot (100,000 units) opened and closed, using each broker's cheapest published EUR/USD pricing: spread × $10 plus the round-turn commission. "From" spreads are best-case, so live costs at those brokers are usually higher than shown; "average" and "typical" are the brokers' own published averages. Swaps are not included. Sources: each broker's own site, checked between 30 September and 19 October 2026.

Related guidesExness Spreads Explained

Exness swaps and the Islamic account

What is a swap fee?

A swap is interest you pay or earn when you keep a trade open past the daily rollover, because a currency trade borrows one currency to buy another. Many brokers charge three days on Wednesday to cover the weekend. An Islamic or swap-free account removes this interest, sometimes with a fixed admin fee instead.

When you pay	At the daily rollover. Forex and metals charge triple on Wednesday (USD/CAD on Thursday); indices, stocks and crypto on Friday.
No swap	Energies, and no swaps on Saturday or Sunday.
Automatic swap-free	Clients from Muslim-majority countries, including Bangladesh, Indonesia, Pakistan, the UAE, Saudi Arabia, Egypt and Türkiye, are swap-free on every instrument.
Swap-free elsewhere	Applies to a listed set: major pairs, 21 minors, gold, silver, oil, all crypto and all indices.
Can be removed	Exness can withdraw swap-free status from clients who hold large positions overnight.

Exness swap-free account explained →

Exness account types

What is a lot, and what is a cent account?

A standard lot is 100,000 units of currency, a mini lot 10,000 and a micro lot 1,000. A cent account shows your balance in cents, so you can trade very small sizes while you learn. Standard accounts usually cost more in spread; raw accounts cost less in spread but charge commission.

Standard Cent

By method

Balance in cents: 1 cent lot = 0.01 lot
Spread from 0.3 pips
26 forex pairs, metals and crypto
No commission

Standard

By method

Spread from 0.2 pips
No commission
Market execution
Margin call 60%, stop out 0%

Pro

From $200

Spread from 0.1 pips
No commission
Instant execution on most markets
Margin call 30%

Raw Spread

From $200

Spread from 0.0 pips
Up to $3.50 per lot per side
Market execution
Margin call 30%

Zero spread

Zero

From $200

0.0 pips on the top 30 instruments for 95% of the day
From $0.05 per lot per side
Market execution
Margin call 30%

Every account has a 0% stop out (20% in Kenya and Jordan), negative balance protection and a swap-free option. Exness does not offer ECN accounts.

Exness account types compared →

Exness leverage: unlimited, with conditions

How do leverage, margin call and stop out work?

Leverage lets you open a bigger position with less money: at 1:100, $100 controls $10,000. It multiplies losses exactly as much as profits. Margin is the money held to keep a trade open; at the margin call level you are warned, and at the stop out level the broker starts closing your trades. Most beginners are safer with low leverage.

Equity under $5,000Unlimited*

$5,000 – $29,9991:2000

$30,000 – $99,9991:1000

$100,000 and over1:500

*Unlimited needs equity under $5,000 and at least 10 closed orders totalling 5 lots on real accounts, and applies only to major and minor forex pairs plus gold and silver; otherwise the default is 1:2000. Kenya is capped at 1:400. From 15 minutes before to 90 seconds after high-impact news, and around weekends, leverage drops to 1:200 on forex.

How Exness leverage works →

Related guidesExness Stop Out and Margin Call

Exness trading platforms

MT4, MT5 or cTrader: what is the difference?

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are the most widely used trading platforms; MT5 is newer, with more markets and tools. cTrader and TradingView are popular for their charts. Expert advisors (EAs) are programs that trade automatically on MetaTrader.

MT4

Desktop, web and mobile. Expert advisors run on the desktop version.

MT5

All Exness markets, plus expert advisors on desktop.

Exness Terminal

Web platform built on TradingView charts, with 100+ indicators. MT5 accounts.

Exness Trade app

MT5 accounts, TradingView charts with 50+ indicators, and push security.

Each trading account is tied to one platform. Accounts on the Exness platform cannot run expert advisors.

Exness platforms compared →

What you can trade at Exness

Exness South Africa instrument tables, checked 1 October 2026

What is a CFD?

Most of what brokers offer are CFDs (contracts for difference): you trade the price of gold, an index, a share or a coin without owning it. Spreads differ from market to market and usually widen around big news and when markets open.

Market	Instruments	Max leverage
Forex	96 pairs	Customisable on majors and minors · exotics 1:50 to 1:200
MetalsGold · silver	Gold and silver pairs	Customisable · other metals 1:100
EnergiesUS oil · UK oil · gas	18 commodities	1:2000 · 1:200 · 1:20
IndicesUS30 · US500 · USTEC	13 indices	1:400 · others 1:200
CryptoBitcoin · Ether	11 crypto pairs	1:400
StocksStock CFDs	90 stocks	1:20 or 1:10

Counts come from Exness's South African site and can differ by region. Crypto is not offered to clients in Kenya or Jordan.

Exness spreads by account →

Exness execution, scalping and expert advisors

What is slippage?

Market execution fills your order at the best price available, which can be slightly different from the price you clicked; that difference is called slippage. Scalping means holding trades for seconds or minutes. A VPS is a remote computer that keeps your platform and EAs running when your own computer is off.

Who you trade with	The Exness company holding your account is your only counterparty. It acts as a market maker, pricing from several independent sources.
Execution type	Market execution on most accounts. Pro uses instant execution on most markets, so requotes are possible.
Slippage	Limit orders cannot slip against you, and stop orders cannot slip in your favour.
Stop levels	None for most clients; they may apply to high-frequency and EA strategies.
Expert advisors	Desktop MT4 and MT5 only.
Free VPS	For clients meeting balance and volume criteria, on servers near Exness's own in Amsterdam, Dubai, Seoul, Singapore, Miami and Johannesburg.

How Exness fills orders →Exness free VPS →

Exness app and research tools

Exness Trade app

Trade MT5 accounts on your phone
TradingView charts with 50+ indicators
Trading Central, FXStreet news and an economic calendar
Push-notification security

Exness Terminal and Personal Area

Web terminal on TradingView charts
100+ indicators and 50 drawing tools
Trading Central signals in Insights
Authenticator-app and SMS security

Exness app review →

Exness copy trading

Is copy trading safe for beginners?

Copy trading automatically copies another trader's positions into your account. Their past results do not guarantee future ones, and you pay them through a profit share or a wider spread. Start with a small amount and keep a stop loss.

Status	Closed. Exness stopped new strategies and investments, and closed every existing one on 25 June 2026.
What to use instead	Exness now offers only partner and IB programmes. For copy trading, see our brokers that still run it.

What happened to Exness Social Trading →

Exness deposits and withdrawals

Why does my money go back to the same card or wallet?

To stop money laundering, brokers usually send withdrawals back to the card, bank or wallet you deposited from, and only to an account in your own name. You must be verified to withdraw, and your bank or payment provider can add its own time and fees.

Deposit24/7 from an account in your own name. No Exness fee; your method's minimum applies.
RequestWithdraw up to your free margin, as often as you like.
ProcessedMore than 98% are processed automatically; the rest within 24 hours.

Available methods depend on your region and verification status.

Exness withdrawals explained →

Related guidesExness Minimum Deposit

Exness bonuses and promotions

Can I withdraw a deposit bonus?

A deposit bonus is usually trading credit, not cash. It adds margin to your account, but you cannot withdraw it, only the profits you make, and often only after trading a set volume. Read the terms before you accept one.

Offer	What you get
Exness Promotions & Bonuses →	Exness does not offer deposit or no-deposit bonuses.
Exness Rewards →	Exness Rewards pays Exness Dollars (1 EXD = $1) as a share of the spread you pay, then turns up to 50% of later trading costs into withdrawable cashback.

Exness offers no welcome, deposit or trading bonus. Exness Rewards is a loyalty programme for selected clients: you earn EXD (1 EXD = $1) as a share of your spread costs.

Related guidesExness Rewards

Exness customer support

Live chat	24/7
Phone	24/7
Email and tickets	Through the Support hub; replies within 24 hours
Languages	14 languages; 24/7 in English, Chinese, Thai, Vietnamese, Arabic, Hindi and Urdu
Safety	Support never asks for your passwords

Exness support guide →

How we checked this review

Last checked 1 October 2026

Traded on our own funded Exness MT5 Standard account (13–19 Oct 2026) and checked its deposit page on 20 Oct 2026.
Read Exness's regional sites, its legal footer and articles in the Exness Help Center between 30 September and 1 October 2026.
Looked up its companies on regulators' registers, including the FSA Seychelles list, the FCA, CySEC, FSC Mauritius and CMA Kenya.
Every figure comes from Exness' own pages or a regulator, not from third-party sites.
Scored on the same ten weighted parameters we use for every broker (our methodology).

Tested byJowel RanaForex Trader

Fact-checked byJannatul FerdaushFact-Checker & Risk Analyst

Approved byRanjan N. MondolForex Trader

Our hands-on test with Exness

Test	Date	Result
Live trading on a real account	13–19 Oct 2026	We traded gold (XAU/USD) in 0.01-lot positions on our own funded MT5 Standard account; orders opened and closed normally. Exness's own account summary showed a trading cost of $0, as expected on Standard, which charges no commission (the spread is in the price).
Account activity over the last year	25 Oct 2026	Exness's Performance page for the account (all accounts, last 365 days) showed 54 closed orders, $456,435.78 of trading volume and a trading cost of $0: no commission was charged on the accounts used. We do not publish the account's profit or loss; past results say nothing about yours.
Deposit options for a Bangladesh-based client	20 Oct 2026	The client area offered USDT (BEP20) and BNB at 0% fee, instant to 15 minutes, from $10; bKash (instant to 1 hour, $50–$300) was under maintenance and bank transfer was restricted. Our account is funded through BinancePay.

Our real Exness MT5 Standard account on 20 Oct 2026 (account and login numbers, balance and P/L blurred).

Closed 0.01-lot gold trades on that account, 13–19 Oct 2026 (Exness's order history, times in UTC; profit column and balance hidden).

Deposit methods shown to our Bangladesh-based account on 20 Oct 2026 (payment ID and balance blurred).

Exness's Performance summary for the account on 25 Oct 2026, last 365 days: 54 closed orders, $456,435.78 volume, $0 trading cost (profit, loss, equity and balance blurred).

Tested and verified by Jowel Rana (Forex Trader) on Jowel's own Exness account. Account numbers are blurred in screenshots, and we never publish an account's profit or loss.

Exness compared with similar brokers

	Exness	XM	IC Markets	FP Markets
FX Recap score	4.75/5	4.75/5	4.9/5	4.75/5
Minimum deposit	$10	$5	$0 (global)	$0
Spread from	0.0 pips	0.8 pips	0.0 pips	0.0 pips
Max leverage	Unlimited*	1:1000	1:5000*	1:500*
Best for	High leverage and fast withdrawals	Small first deposits and beginners	Raw spreads, scalping and cTrader	Raw pricing on cTrader and TradingView
		Exness vs XM →	Exness vs IC Markets →	Exness vs FP Markets →

Our verdict on Exness

Exness suits active traders who want money to move quickly: no Exness payment fees, most withdrawals processed automatically, a 0% stop out and very high leverage on small balances. The trade-off is protection. Retail clients join its Seychelles, South African, Kenyan or other offshore companies, not the FCA or CySEC firms. There is no bonus and no copy trading, and anyone holding large positions overnight for long periods should read the admin fee rule first.

Visit Exness Is Exness safe? Full check

We never tell you to trade, so read Exness's disclosures first. Our promise

Exness trader reviews

What traders say about Exness in their own words. These ratings are separate from FX Recap's own score of 4.75, which comes from our review.

0.0

No trader reviews yetBe the first to tell other traders what Exness is really like.

Traded with Exness?

About two minutes. We read every review before it is published.

For UK readers

Exness (UK) Ltd is authorised by the FCA (FRN 730729) but serves business clients only, and Exness does not accept retail traders from the UK.

Using an offshore broker from the UK →FCA-regulated brokers for UK traders →

Exness questions traders ask

Is Exness a legit broker?

Yes. Exness has been operating since 2008 and its companies are licensed by the FSA Seychelles (SD025), the FSCA (FSP 51024), the CMA Kenya (162) and other regulators. Retail clients join one of those companies; its FCA and CySEC firms take no retail clients.

What is the Exness minimum deposit?

Standard and Standard Cent have no fixed minimum: your payment method sets it. Pro, Raw Spread and Zero need a first deposit from $200, depending on your region.

Does Exness really offer unlimited leverage?

Only if your equity is under $5,000 and you have closed at least 10 orders totalling 5 lots on real accounts. It applies to major and minor forex pairs plus gold and silver. Otherwise the maximum is 1:2000, falling as equity rises.

How fast are Exness withdrawals?

Exness says more than 98% of withdrawals are processed automatically, and the rest within 24 hours. Your bank or payment provider then needs its own time to credit you.

Why can an Exness withdrawal be delayed?

Exness pays only to accounts in your own name, up to your free margin, and the methods you can use depend on your region and verification status. Most withdrawals are processed automatically and the rest within 24 hours; changing your security settings with a face scan blocks withdrawals for 24 hours.

Does Exness give a deposit bonus?

No. Exness offers no welcome, deposit or trading bonus. Selected clients can join Exness Rewards, a loyalty programme.

Can I copy trade with Exness?

Not any more. Exness closed copy trading on 25 June 2026, including all existing strategies and investments.

Can I open an Exness account from my country?

Exness does not accept residents of the United States, the United Kingdom, Canada, Iran, North Korea and EU countries, and it also excludes sanctioned countries. If your country is not on its list, the sign-up form gives the final answer; the country check on this page shows yours.

Review history

20 Oct 2026Hands-on results added from our own funded Exness account: live gold trades and the deposit options shown to a Bangladesh-based client.
1 Oct 2026Fees, swaps, leverage, execution, platforms and support re-checked against the Exness Help Center.
30 Sep 2026Entities and licences checked on Exness's sites and regulator registers.
12 Oct 2025Review published.