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Exness Review for Cryptocurrency 2024

Exness
4.5

Exness is a Cyprus-based multi-asset brokerage with a global presence. Founded in 2008, Exness supports CFD trading for a wide range of assets, including 100 forex pairs, 13 indices, 33 cryptocurrencies, 34 stock CFDs and 14 commodities. With deep liquidity, Exness facilitates fast order execution with minimal slippage in 45 different base currencies. Exness is a full-rounded brokerage with multiple account types to meet the needs of all types of traders.

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Pros & Cons

  • Pros
  • 24/7 customer support in 16 languages
  • Multiple account types for all trader needs
  • VPS and social trading options
  • Low fees and tight spreads
  • Premier membership with 3 categories – Preferred, Elite and Signature
  • Cons
  • Based on jurisdiction, there might be less stringent oversight in some regions.

Exness Overview

Exness is an international, regulated brokerage reputed for its transparent operations. Millions of traders trust Exness for trading forex, indices, stocks, commodities and cryptocurrency CFDs with the lowest spreads.

Overall, Exness has a wide range of tradable instruments, pretty clear pricing and zero commissions. You get all the tools you need to help you trade, including analytical tools, an investment calculator, a currency convertor, tick history, VPN hosting and an economic calendar. Here are some pros and cons.

  • Overall
    4.5
  • Fees
    4.5
  • Deposit and Withdrawal
    4.5
  • Asset selection
    3.5
  • Ease of account opening
    5.0
  • Regulation and Security
    5.0
General info
Headquarters Cyprus
Website https://www.exness.com/
Website Languages English, Spanish, Arabic, French, Japanese. Chinese, Russian, Portuguese, Malay, Thai, Bahasa info
Regulated check
Country of Regulation South Africa, Seychelles, UK, EU, Mauritius, BVI, Curaçao and Sint Maarten, Kenya
Regulation Type FCA / CySEC / FSC / FSA / CMA
Account Base Currencies EUR / CAD / AUD / GBP / JPY / CHF / HKD / NZD / SGD / NOK / SEK / DKK / PLN / ZAR / KES / BGN / RON / SAR / AED / HUF / CZK / BRL
Staking and Rewards uncheck
Minimum Deposit $10
Deposit Fee
Deposit Types Bank wire / Skrill / Neteller / PerfectMoney
Minimum Withdrawal $1 to $100 Payment processor dependent info
Withdrawal Fees
Crypto-to-Crypto Trading Pairs uncheck
Cryptocurrencies as CFDs check
Islamic Account uncheck
Demo Account check
Research & Education Tools check
Customer Support Email / Live chat / Phone
Customer Support Languages English / Spanish / Arabic Chinese, Thai, Indonesian, Hindi, Urdu, Bengali, Vietnamese, Japanese, Korean, French and Russian info
Support Days & Hours 24/7
Automated Trading check
Social Trading check
Copy Trading check

Company Background

Exness was founded in 2008 in Cyprus as an online brokerage. As of 2024, it has 7 international offices in London, the UK; Mahe, Seychelles; Cape Town, South Africa; Martina, Curaçao; Tortola, British Virgin Islands; and Nairobi, Kenya. Its multinational nature allows the broker to cater to a wide variety of clientele, including retail and corporate traders, and form partnerships across the globe. Its commitment to transparently deliver top-notch customer experiences has won it multiple awards. The most celebrated among these are Most People-Centric Broker at Traders Summit 2022 and Global Broker of the Year at Traders Summit 2022. The brokerage has also won two coveted awards at the Forex Traders Summit Dubai 2023 – Global Broker of the Year and Most Innovative Broker of the Year.

What is Exness?

Exness is a well-established and trusted brokerage that facilitates trading across a wide set of instruments. The multi-licensed broker offers a variety of account types to suit the needs of every type of trader. The top priority at Exness is to implement innovative technologies to facilitate trader education and informed decision-making. Traders of all account types – Standard, Pro, Raw Spread and Zero, get equal access to all tools to maximise the number of opportunities they can capitalise on.

Exness Features

Trading with Exness offers several benefits:

  • Instant Withdrawals

Exness facilitates instant withdrawals 24×7 without any manual intervention.

  • Free VPS Hosting

Exness offers a free VPN server to enable fast and reliable trade execution and minimise downtime.

  • Comprehensive Price History

The broker offers a downloadable archive for traders to get complete tick data for their chosen instrument. The archives are drawn from real-time bid and ask history.

  • Transparency

Being compliant across multiple jurisdictions and making all reports available publicly, Exness upholds its core principle of transparency.

  • Competitive Spreads

Exness offers competitive spreads with market execution to improve trader experience.

What is the Downside of Exness?

Exness has limited educational resources, and these are only available in English. Translating them into more languages would be beneficial for traders from non-native English-speaking countries.

Exness Crypto Fees

FeesAmount
Deposit Fee $0
Credit/Debit card Deposit Fees $0
E-wallets Deposit Fees $0
Bank transfer Deposit Fees $0
Withdrawal Fee $0
Credit/Debit card Withdrawl Fees $0
E-wallets Withdrawl Fees $0
Bank transfer Withdrawl Fees $0
Inactivity Fees uncheck
Swap Fees(Instead of Overnight Fees) check
Spread / Commission Fees check
Currency conversion Fee check
Max Leverage uncheck
Minimum Spread 255.4

Trading Fees

Exness believes that traders should focus on trading and not paying. They ensure the most cost-effective trading environment for traders by:

  • Taking care of third-party transaction fees so that traders do not need to worry about withdrawals.
  • Offering multiple account types – Standard, Pro, Raw Spread and Zero, to allow traders to maximise returns while minimising costs.
  • Eliminating swaps for most instruments, including forex majors, stocks, cryptos and gold.

Exness Crypto Wallet

I like that Exness allows cryptocurrency trading as CFDs, which does not require owning cryptocurrency. This means I don’t have to worry about storing cryptocurrencies, which is why they don’t provide a crypto wallet.

Leverage Fees

Exness charges overnight fees on crypto CFD positions, which are held open over 5 pm New York time. Although these fees are applied to all positions, they are often known as “leverage fees”.

Exness Payment Methods

Exness facilitates transactions through the most popular global payment modes, including:

  • Wire Transfer
  • Bank Card
  • UPI QR
  • Skrill
  • Neteller
  • SticPay
  • BinancePay
  • Cryptocurrencies: Tether, USD Coin, and Bitcoin

This means as a trader you can choose to deposit and withdrawal in crypto if you wish.

Deposit & Withdrawal

At Exness, you can make crypto deposits and withdrawals 24×7. While instant deposits are processed within 30 minutes, non-instant orders are processed within 24 hours. Exness offers flexible payment options, including the most popularly used payment systems, e-wallets, and crypto wallets. The minimum deposit for Exness starts at $10 and may go up to $60, based on the trader’s chosen payment method. Minimum withdrawals at Exness start at $1, depending on your payment method.

Funding methodSupportedMinimum DepositMinimum Withdrawal
Bank wire uncheck
Credit Card uncheck
PayPal uncheck
Skrill uncheck
Neteller uncheck
FastPay uncheck
UnionPay uncheck
PayRedeem uncheck
PerfectMoney uncheck
POLi Payments uncheck
Przelewy 24 uncheck
Payoneer uncheck
Rapid Transfer uncheck
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Exness Supported Cryptocurrency

Exness supports a relatively wide range of cryptocurrencies, tradable as CFDs. The Exness cryptocurrency list includes:

Coin nameCoin SymbolCoin icon
BitcoinBTCBitcoin
EthereumETHEthereum
ChainlinkLINKChainlink
DogecoinDOGEDogecoin
LitecoinLTCLitecoin
PolkadotDOTPolkadot
UniswapUNIUniswap

Is My Money Safe with Exness?

I have never had an issue with deposits or withdrawals. Exness is a trusted broker that ensures stringent security measures. All transactions initiated by you are processed only after confirmation via an OTP (one-time password). Exness will only ask for personal details for account holder identification purposes via official channels. It never asks for OTP or reaches out through non-official Exness channels of communication.

Exness Trading Platform

PlatformSupported
Proprietary Platform check
MetaTrader 4 (MT4) check
MetaTrader 5 (MT5) check
cTrader check
DupliTrade check
ZuluTrade check

How Do You Trade Crypto with Exness?

Follow the steps mentioned below to trade crypto with Exness:

Step 1: Go to Market Watch section.

Step 2: Navigate to your chosen cryptocurrency and fiat pair for trading and add it to your Watchlist.

Step 3: Open the chart for the chosen pair.

Step 4: Right-click on the chart window and select Trading.

Step 5: Click New Order to place a buy or sell order.

Step 6: Set all the parameters, such as order type, lot size and stop-loss limits, in the window that opens.

Step 7: Click Sell or Buy to place the order.

 

You will then receive a notification that your order has been placed.

How to Open an Exness Account?

You can create a trading account on Exness in just a few simple steps:

Step 1: Open the Exness homepage and click on Open Account.

Step 2: Select your country of residence. If you chose an Islamic country that follows Sharia law, your account will have a swap-free status.

Step 3: Enter your email ID and password.

Step 4: Click Continue to be taken to the Personal Area.

Step 5: Go to My Accounts and click Open New Account.

Step 6: Choose the account type: Real/Demo.

Step 7: The next window gives you another opportunity to pick the account type, and then you can choose from MT4 and MT5 trading terminals.

Step 8: Set up your Max Leverage.

Step 9: Chose your preferred Account Currency carefully, since this cannot be changed.

Step 10: Create an Account Nickname and set the Password.

Step 11: Click Create an Account, and you are done.

 

To begin trading, you need to fully verify your account. You can do that by going to the Personal Area and clicking on Become a Real Trader button. You can then verify your email ID, phone number and identity. To verify your identity, you will need to submit your proof of identity (POI) and proof of residence documents.

Regulation & Security

Country of the RegulatorName of the RegulatorLicence Number
British Virgin IslandsBVIFSC – British Virgin Islands Financial Services CommissionSIBA/L/20/1133
KenyaCMA – Capital Markets Authority162
United KingdomFCA – Financial Conduct Authority730729
SeychellesFSA – Financial Services AuthoritySD025
MauritiusFSC – Mauritius' Financial Services CommissionGB20025294
British Virgin IslandsFSC – BVI Financial Services CommissionSIBA/L/20/1133
South AfricaFSCA – Financial Sector Conduct Authority51024
CyprusCySEC – Cyprus Securities & Exchange Commission178
United Kingdom (UK)FCA – Financial Conduct Authority730729

Exness offers two types of security – phone and email, with phone security being the strongest. You must verify all transactions initiated by you via an OTP sent on your chosen medium. The benefit of phone security is that a wider set of transactions are covered compared to email.

Customer Service

Customer Support
Days Monday to Friday
Hours 24/7
Live Chat check
Email check
Phone check
Supported Languages English / Spanish / Arabic
How fast was customer support when we tried? Fast

Why Should I Use Exness?

Our Daily Crypto review found Exness to be a good choice for traders because it’s an established and well-recognized broker with competitive crypto trading fees. Exness has integrated MT5 with Trading Central, which makes it easier to set up orders directly from the analysis chart. It offers low trading fees and low slippage.

Conclusion

Exness is a reputable and trusted brokerage for trading cryptocurrencies via CFDs. Its intuitive interface, tight spreads and advanced trading tools allow traders to take advantage of market opportunities. The brokerage supports the top trading platforms, including MT4 and MT5, for mobile and desktop trading.

FAQ

  • Is Exness regulated?
    Yes, Exness is regulated by several governing bodies, such as the FSCA, FSA, CMA, CBCS, FSC, CySec and FCA. This has earned the broker trust from traders across the world.
  • Is Exness a reliable broker?
    Certainly, Exness has multiple licences and is trusted by hundreds of thousands of traders worldwide. In May 2023, a total of 515,099 clients conducted trading and balance operations with the broker. Exness is a legitimate and reliable brokerage.
  • Is Exness a broker that is good for beginners?
    Undoubtedly. The interface is easy to use, pricing is good for even entry-level account types, and you are well-supported as a beginner.
  • Does Exness have a minimum deposit?
    The minimum deposit for Exness is $10. It could go up to $60, depending on the deposit method you choose.
  • Can I withdraw crypto from Exness?
    Yes, Exness crypto withdrawal is quick and easy. You can withdraw crypto from Exness simply by choosing the account type and wallet from the Withdrawal section in your Personal Area.
  • What is the maximum withdrawal from Exness?
    There is no limit on the amount you can withdraw from your trading account. The only exceptions are based on regulatory guidelines in certain regions. Traders can withdraw as much as they have available in the Free Margin section of their trading account.
  • How do I cash out on Exness?
    To cash out on Exness, the account holder must send an account termination email to [email protected] from their registered email address. The email should include your Account Number, Support PIN and Reason for Termination. You will receive a verification call, along with an email that includes the termination details, within 5 days.
  • Which bank does Exness use?
    Exness uses tier-1 international banks to maintain the fund balance of trader accounts.
  • Does Exness offer a bonus?
    Exness does not have a sign-up bonus, although the broker does offer referral bonuses.
author
About Marcel Deer
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.