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Exness

Exness is a trade name of the company Exness (UK) Ltd. Founded in 2008 it is authorised and regulated by the Financial Conduct Authority (FCA) under registration number 730729. Additionally, Exness (Cy) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 178/12.

Trading assets include currency pairs and commodities. The average spread for the EUR/USD pair is about 1 pip. Unfortunately, we could not find information about the types of accounts and the minimum deposit amount. Customers can trade through the popular trading terminal MetaTrader 4 (MT4). This is a convenient and functional trading platform, suitable for all types of traders. MT4 has become an industry standard in online trading and can be run on a desktop machine, web browser or smartphone. In addition, you can trade through the fifth generation of the terminal, MT5, which is an enhanced version of MT4 with improved interface and performance. MetaQuotes Language 5 has been added and you can also deploy your own expert advisors. Clients can deposit funds through bank transfers, credit/debit cards, Neteller, and Skrill.

The Tools section of the website includes an economy calendar, web TV and forex calculator. However, the calendar is not updated and only displays event names.

The legal section of the website informs that if the stop out execution results in negative equity in the client’s account, it will be offset to bring the equity to zero. That means there is negative balance protection and you cannot lose more than you invested. Stop loss orders are not guaranteed and they may be executed at the first available market price. In conditions of insufficient liquidity, execution of stop loss orders in full volume becomes impossible and they will be filled partially. The Order Execution Policy document indicates the company always acts as principal and not as agent on the client’s behalf. Although it may transmit your orders for execution to its liquidity providers, the company is the sole counterparty to your trades. That means Exness is a market maker, which leads to a conflict of interest because the company benefits when clients lose.

In general, Exness is a strictly regulated brokerage company that offers the most popular platforms for online trading. However, only currency pairs and some commodities are available for trading. The company probably is a market maker, which is not so bad because it is well-regulated. In addition, there is negative balance protection and you cannot owe money to this company.

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