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Alison Heyerdahl
Edited by
Author
Alison Heyerdahl
Edited by
Alison Heyerdahl
Head of Content

Alison Heyerdahl is the Head of Content at FxScouts and a financial writer with extensive experience in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast to help traders make informed, safe decisions.

Learn more about Alison Heyerdahl
Author
Author
Chris Cammack
Partner Manager and Financial Writer

Chris Cammack is the Partner Manager and a financial writer at FxScouts. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience.

Learn more about Chris Cammack

Exness

Best Trading Account Conditions for Beginners

4.32
71 of retail CFD accounts lose money with this provider

Min deposit

USD 3

Regulated By

FSCA, FSA-Seychelles, CMA, B.V.I FSC, FSC ( )
JSC

Trading Cost

USD 7

Leverage

Unlimited:1

Copy Trading

Yes

Platforms

MT4, MT5, Exness Terminal

Instruments

Cryptocurrencies, Energies, Stock CFDs, Forex, Indices ( )
Metals

Exness Broker Review

The largest broker in the world by trading volume, Exness offers nine distinct account types, including one of the lowest-cost Cent Accounts in the industry. It provides acceess to over 100 forex pairs—far more than most competitors. Traders can choose between MT4, MT5, and Exness Terminal—a proprietary platform available on desktop and mobile. The broker also offers a rich suite of tools, including FXStreet News, Trading Central, and regular educational webinars led by experts.

Overall, Exness presents an attractive option for Filipino traders: competitive pricing, trading accounts for every budget, comprehensive education, and robust tools.

 

Exness Preview

Visit Broker
Accepts clients from the Philippines. Average spread EUR/USD 0.70 pips on trading account with lowest minimum deposit. Max leverage Unlimited:1. Islamic account available. MT4, MT5, Exness web trader platforms supported. Exness is regulated by CySEC, FCA, and the FSC.

Pros

  • Highly competitive spreads and low trading costs (7 USD per lot).
  • Extensive selection of trading instruments and over 100 Forex pairs
  • User-friendly trading platforms: MT4 MT5 and Exness Terminal.
  • Minimum deposit requirement of only 3 USD
  • Offers copy trading options

Cons

  • Extreme leverage
  • Limited range of share CFDs
Rating Reviews
4.32

Exness Overall Summary

Trust Rating
4
Trading Conditions
5
Platforms
4.5
Education
3.5
Beginner Friendly
2
Assets Available
4
Analysis Research
3
Deposit & Withdrawal
4.5
Overall Rating
4.32
/ 5
Base Currencies
USD, EUR, GBP, AUD, ZAR, CHF, JPY, NZD, SGD+40
Number of FX Pairs
100
Crypto Pairs
34
Copy Trading
Yes
Hedging Allowed
Yes
Scalping Allowed
Yes
Islamic Account
Yes
Account Name
Pro Raw Spread MT4
Commission
7 USD/lot
EUR/USD
0
GBP/USD
0.10
USD/JPY
0
Negative Balance Protection
Yes
Company Name
Exness
Founded
2008
Website Language
English, Chinese, Japanese, Portuguese, Thai, Vietnamese, Korean, Spanish, Arabic
Support Language
English, Chinese, Japanese, Portuguese, Thai, Vietnamese, Korean, Spanish, Arabic, Russian
Office Locations
United Kingdom, Seychelles, Curacao, British Virgin Islands, South Africa, Kenya, UK, Cyprus
Support Email Address

Deposit & Withdrawal

banktransfer
bitcoin
mastercard
mybux
neteller
ozow
perfectmoney
skrill
snapscan
tether
visa
webmoney

Supported Platforms

Best MetaTrader 4 Forex Brokers
Best MetaTrader 5 Forex Brokers
Exness Terminal
Exness

Ready to trade with Exness?


Exness is regulated by multiple second-tier authorities, including the Kenyan CMA, the South African FSCA and the Seychelles FSA.

Is Exness Regulated?

Regulatory Overview: Exness is regulated by multiple top-tier international authorities, including:

  • Financial Conduct Authority (FCA) of the UK – Exness (UK) Ltd (Firm No. 730729)
  • Cyprus Securities and Exchange Commission (CySEC) – Exness (Cy) Ltd (Licence No. 178/12)
  • Financial Sector Conduct Authority (FSCA) of South Africa – Exness ZA (Pty) Ltd (FSP No. 51024)
  • Financial Services Authority (FSA) of Seychelles – Exness (SC) Ltd (Licence No. SD025)
  • Financial Services Commission (FSC) of Mauritius – Exness (MU) Ltd (Licence No. GB20025294)
  • Capital Markets Authority (CMA) of Kenya – Exness (KE) Ltd (Licence No. 162)

Regulation for Filipino Traders: Exness does not hold a license from the Philippine Securities and Exchange Commission (SEC) or the Bangko Sentral ng Pilipinas (BSP). Instead, Filipino clients are onboarded through offshore entities—typically Exness (SC) Ltd based in Seychelles, regulated by the FSA. This structure enables participation in global markets but lacks legal protection under Philippine law (Forex and CFD markets remain unregulated in the Philippines).

Client Protection Measures: Even though accounts are held offshore, Exness maintains several universal safety standards:

  • Segregation of Funds: Client deposits are kept in separate accounts from company operating funds.
  • Negative Balance Protection: Traders are protected against losing more than their deposited funds.
  • Compliance & Audits: Exness follows AML/KYC protocols and is subject to regular independent audits, including audits by Deloitte as part of transparency requirements.

IMPORTANT: While Exness is widely accessible and globally regulated, Filipino traders do not benefit from supervision or compensation schemes offered by Philippine authorities. Profits are classified as foreign income and subject to local tax laws. Traders should apply thorough due diligence and risk management when using offshore platforms.

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Exness Trading Instruments

We were impressed by the large number of Forex pairs available at Exness. It also offers a decent crypto lineup. 

Available Assets and Leverage

Overview: Filipino traders using Exness have access to 200+ CFDs across forex, commodities, indices, shares, cryptocurrencies, ETFs, bonds, and FX options—backed by highly flexible leverage tiers.

  • Forex (leverage up to 1:Unlimited): Over 100 currency pairs are available, including major, minor, and exotic pairs such as USD/ZAR and EUR/TRY. Leverage scales dynamically based on account equity and trading history.
  • Commodities (up to 1:2000): CFDs on precious metals (gold, silver), energy products (oil, natural gas) and soft commodities with generous leverage options.
  • Indices (up to 1:200): Global index CFDs like US500, US30, FTSE 100, DAX 30 and JPN225, offering diversified global exposure.
  • Shares CFDs (up to 1:20): Individual stocks from major exchanges including US, UK, and EU—leverage based on instrument volatility.
  • Cryptocurrencies (up to 1:400): Trade top crypto pairs such as Bitcoin, Ethereum, Ripple, and Litecoin across 24/7 markets.
  • ETFs & Bonds (up to 1:20): Invest via CFDs that track global ETF indices and bond instruments.
  • FX Options (up to 1:100): Trade vanilla options on currency pairs and metals, enabling advanced hedging and speculative strategies.

High Leverage: Exness does have 34 cryptocurrencies to trade at 400:1 leverage. This isn’t the largest selection in the world, but it is a higher level of leverage for crypto trading than any other broker.  The high leverage on the crypto CFDs is unusual given the volatility of these assets, and traders are advised to use lower levels than the maximum offered. 

Leverage on Forex pairs is unlimited. This is also highly unusual for the industry, and there are conditions attached. For example:

  • The trading account must have equity of less than USD 1,000.
  • The trader must close at least 10 orders (excluding pending orders) with a minimum value of 5 lots (or 500 cent lots)
  • The Stop Out Protection feature may not be available on trading accounts with unlimited leverage in order to strike a balance between trader benefits and risks.

Exness offers a smaller range of share CFDs than those of other brokers.

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Accounts and Trading Fees

Exness offers nine accounts, which is more than other brokers. Some accounts are suitable for beginners, while the Pro accounts may appeal to experienced traders.

Opening an Account at Exness

We found the account opening and verification process at Exness easy. Our account was verified within 48 hours, which is longer than average, but we were able to make a deposit and start trading while we waited.

The Pro Account is commission-free and has tight floating spreads starting from 0.1 pips—making it a good fit for traders who prioritise fast execution and pricing transparency

Trading Accounts

Exness offers a variety of trading accounts tailored to different experience levels. Nigerian traders can choose from Standard and Professional account types, with support for MT4, MT5, and Exness Terminal.

Standard Cent Account

Aimed at beginners, the Standard Cent Account allows trading in micro-lots and is only available on the MT4 platform. With no minimum deposit requirement, it’s accessible to nearly everyone—our first deposit was less than 3 USD. Spreads start at around 0.3 pips, and there are no commissions. Leverage can reach up to 1:2000 on MT5 and even higher—up to unlimited—on MT4, depending on trading conditions. This account is swap-free on request.

Standard Account

Also commission-free, the Standard Account is ideal for newer traders looking for broader access to markets. Available on both MT4 and MT5, it requires a minimum deposit of around 10 USD, with spreads averaging from 0.2 to 0.3 pips. Traders benefit from access to Exness’s full range of instruments, flexible leverage up to 1:2000 on MT5, and the option for unlimited leverage on MT4. This account type also supports swap-free trading upon request.

Professional Accounts

More experienced traders can opt for one of Exness’s three Professional accounts: Raw Spread, Zero, and Pro. These accounts require a minimum deposit of 200 USD and are available on both MT4 and MT5 platforms. The Raw Spread Account features raw interbank spreads starting from 0.0 pips and charges a commission of up to USD 3.50 per lot per side. The Zero Account offers zero spreads on key forex pairs for much of the trading day, with a variable commission structure ranging between USD 0.05 to 0.20 per lot. The Pro Account, on the other hand, is commission-free and has tight floating spreads starting from 0.1 pips—making it a good fit for traders who prioritise fast execution and pricing transparency. Swap-free versions are available for both the Standard and Pro accounts.

All account types support demo versions and multiple base currencies, including USD, EUR, and GBP.

Demo Account

Demo accounts are available for all Exness account types except the Standard Cent account, which is exclusively offered as a live account. Demo accounts for MT5 are automatically deleted after 21 days of inactivity. MT4 demo accounts can be deleted after 180 days of inactivity. Activity includes logging in or performing a trade—accounts that remain unused may be removed automaticall

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Exness's Trading Platforms and Trading Tools

Exness supports MT4, MT5, and its own app, all platforms available on Android, iOS, Mac, and PC.

Mobile Trading Apps

The Exness Trade app offers easy account creation, multi-account switching, and built-in deposit/withdrawal functionality. MT4 and MT5 account holders can manage trades and settings seamlessly.

Exness Trade (Proprietary App)

The Exness Trade app is Exness’s in‑house mobile platform, available on iOS and Android. It supports MT5 account trading and full Personal Area management—allowing users to open, trade, deposit, and withdraw directly in the app. Clients can also manage multiple MT4 and MT5 accounts and access real-time market data, news, chart analysis (Trading Central signals, FXStreet), and live 24/7 in-app chat support.

MetaTrader 5 Mobile

Available for both MT5 live and demo accounts. The MT5 mobile app includes charting with multiple timeframes, built‑in indicators and drawing tools, pending and market orders, and full account overview. It mirrors the desktop MT5 experience on mobile devices.

MetaTrader 4 Mobile

Supports MT4 account holders with the classic MT4 interface and features: real-time charting, technical indicators, automated trading (EAs), multiple chart types, and full order management. Note: MT4 accounts cannot execute trades directly via the Exness Trade app—they redirect users to the native MT4 mobile app.

Trading Platforms Comparison

Broker
Platform Choice
Copy Trading
Platforms
Exness
Yes
MT4, MT5, Exness Terminal
Pepperstone
Yes
MT4, MT5, cTrader, TradingView, Pepperstone Platform
FBS
No
MT4, MT5, FBS App

While MT4 and MT5 are both excellent trading platforms, Exness’ in-house platform is easier to use for beginner traders.

Desktop Trading Platforms and Trading Tools

Like the mobile trading apps, Exness offers MT4, MT5, and its own in-house trading platform available on both Mac and PC. For the purposes of this review, we tested all three platforms – Exness’s web trader platform, MT4, and MT5.  

Exness Terminal

The web trader platform requires no downloads or installation and is available for all devices. When you log in to your account you are immediately redirected to the platform. We found that the web trader has a clean user interface, and it is easy to navigate and search for various instruments.

Additionally, traders can set their stop levels by percentage, account currency, or even price – which makes things much simpler for beginners. The platform also comes with TradingView charts, indicators and drawing tools, providing traders with a comprehensive view of the markets.  See below:

Exness Proprietary Platform Indicators

One drawback is that the platform does not allow traders to set price alerts and notifications, but these are available on the mobile version. We were pleased to note that TradingView, one of the most popular third-party trading tools on the market, is fully integrated into the platform and provides technical insight and instant pattern recognition.

More advanced traders may prefer MT4 or MT5, both available at Exness, which allows traders to customise their indicators, has many more chart types, and has algorithmic (or automated) trading.

Metatrader 4 (MT4)

We found that, like most brokers, the Exness MT4 platform is the standard version with 23 graphical objects and 30 built-in indicators. Unlike Exness’s proprietary web trader, algorithmic trading is available, and MT4 is fully customisable.

We found that the platform’s interface is dated, but it is fully customisable. There are three chart types, including Line, Bar, and Candlestick charts, and you can access a wide selection of indicators in multiple timeframes:

Metatrader 5 (MT5)

Developed in 2010, MT5 is the newer version of its predecessor, MT4, and is available at Exness. We recommend using MT5 if you are looking for a more powerful and faster trading platform when it comes to back-testing functionality for automated trading algorithms.  Additionally, traders prefer MT5 for its depth of market display, additional technical indicators (38 as opposed to 30 on MT4), and 22 analytical tools.

Trading Tools

Exness offers a standard VPS service and Trading Central’s indicator service. Unfortunately, TradingView integration is not available at Exness.

Trading Central (TC) Indicator

One of our favourite indicators, the TC Indicator is a multilingual and customisable plugin that superimposes Trading Central’s technical analysis strategies, forecast, commentary, and key levels (support/resistance/targets/stop pivots) onto MT4 live charts for most tradable instruments.

Based on selected timeframes, TC Indicator will display the latest Trading Central articles, whether on an intraday, short-term, or mid-term basis. Traders can program and fill in orders based on the TC Indicator levels directly from their MT4 screen.

VPS Service

Exness offers a free VPS service for all traders who deposit at least 500 USD. A Virtual Private Server (VPS) is a remote terminal solution that benefits from reduced latency and downtime, as it is unaffected by power cuts or computer crashes.  Even when the trading terminal is closed, the Exness VPS will keep trading.

Trading Tools Comparison

Broker
Economic Calendar
Autochartist
Trading Central
Trading View
Free VPS
VPS services are usually offered free with a minimum trade volume, otherwise a monthly subscription fee will apply. VPS services are usually hosted by third-party companies.
Exness
Yes
No
Yes
Yes
Yes
Pepperstone
Yes
Yes
No
Yes
Yes
FBS
Yes
No
No
No
Yes
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Exness Deposits and Withdrawals

We were impressed by Exness’ wide range of deposit and withdrawal methods. We were also pleased that deposits and withdrawals are instant.

Funding Methods

In line with Anti-Money Laundering policies, deposits and withdrawals at Exness cannot be made to/from third-party accounts, and all non-profit funds are returned to the original deposit source. 

Accepted Currencies: When we opened our account at Exness, we were given the choice of more than 40 base currencies. Most other brokers only offer 5 – 10 base currencies, so Exness really shines on this front. Unfortunately Exness doesn’t offer PHP as a base currency and Filipino traders will likely have to pay conversion fees.

Funds can be deposited in several ways, including credit cards, bank wire transfers, Neteller, Skrill, and a few other online payment systems, through Exness’ payment portal.

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Exness’s Education and Market Analysis

Exness’s education is adequate for new traders but not as good as the best brokers. Market analysis is frequent, comprehensive and available in both video and written formats.

Education

Education & Learning Resources: Exness supports trader development through the “Essential Learning” hub:

Video Tutorials: Step-by-step guides on platform use, trading strategies, and key technical tools suitable for all experience levels.
Live Webinars: Hosted by market analysts, covering topics from chart analysis and fundamentals to risk management. Q&A sessions included.
E‑books & Articles: Downloadable guides on technical and fundamental analysis, trading psychology, and market strategy available in multiple languages.

Learning Experience: Resources are designed for practical learning—beginners can start with trading basics and patterns, while more advanced traders explore strategy building and market insights. The Personal Area and Exness blog host regular market reviews, commentary, and educational insights.

Why It Matters: Although Exness doesn’t offer proprietary research nor deep institutional-grade reports, its blend of accessible analytical tools and educational content provides a solid foundation—especially for self-directed traders who value on-demand learning and real-time signals.

Education Comparison

Broker
Beginner Course
Advanced Course
Well Structured Education
Education Quality
Webinars
Exness
Yes
Yes
Yes
Medium
Yes
Pepperstone
Yes
Yes
Yes
Medium
Yes
FBS
Yes
Yes
Yes
Medium
Yes
 

Dow Jones News is also available to clients with MT4 accounts, while FXStreet is available on Exness’ web trader platform.

Research and Market Analysis

Analytical Tools: Exness equips traders with a blend of technical and fundamental analysis features, accessible via Personal Area or the Exness Trade app:

  • Economic Calendar: Track global data releases and key economic events to anticipate market-moving developments.
  • FXStreet News: Stay informed with a real-time feed of market news and commentary.
  • Trading Central Signals & Technical Analysis: Receive expert trading signals and chart insights covering multiple timeframes and asset classes.
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Exness’ Customer Service

Exness customer service is available in English. 24 hours a day and over the weekend. In addition, the help centre offers detailed and useful advice on various topics.

24/7 Customer Support

Client phone support is 24/5 in 16 languages, and 24/7 in five languages, English, Chinese, Thai, Vietnamese and Swahili. Most brokers only offer 24/5 customer service, so this is a bonus for English-speaking traders.

Other contact forms include live chat, call-back service, phone, and emails. Support is also provided through the Exness help centre, which is frequently updated with detailed articles covering everything from trading guides to funding FAQs.

For the purposes of the review, we tested the live chat service and email. We tested Exness’ live chat and found that the customer service agents were polite and helpful. 

How Brokers Are Scored

FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics. We ensure transparency by incorporating regulator data and user insights. Our in-depth reviews consider over 200 metrics across seven key categories. The radar chart to the left shows how important each category is when calculating a broker’s final score.

  • Trust Rating: Assessment of broker reliability and reputation
  • Trading Costs: Spreads and fees for clear comparisons
  • Platforms: User-friendliness and features 
  • Asset Selection: Forex, stocks, and other available instruments
  • Deposit and Withdrawal: Simple and free deposits & withdrawals
  • Education: Support for beginners and developing traders
  • Customer Support: Accessibility, responsiveness, and expertise


To ensure fairness and transparency, we independently verify broker claims and integrate real-user feedback, regulator data, and live trading tests. The radar chart to the left illustrates the weight of each category in our final scoring system.

Why Our Reviews Set the Standard

Every broker we recommend meets strict trust and safety criteria and is tested for reliability, transparency, and overall trading experience.

Exness Risk Statement

Exness Risk Statement


Trading Forex is risky, and Exness would like you to know that: “CFDs are leveraged products. Trading in CFDs carries a high level of risk and thus may not be appropriate for all investors. The investment value can both increase and decrease and the investors may lose all their invested capital.”

Meet the Experts Behind Our Unbiased Reviews

Chris Cammack

Partner Manager and Financial Writer

Chris Cammack
Chris Cammack is partner manager and senior financial writer at FxScouts, specialising in broker relations and forex market analysis. As the former Head of Content (2019–2024), he set editorial standards for all content published at FxScouts, including broker reviews, broker comparison pages and education. With over a decade of experience in editorial management and partner relations, Chris builds and maintains our relationships with our partners to provide the best Forex trading experience for our users. He also co-hosts the “Let’s Talk Forex” podcast with Alison Heyerdahl, where he explores trading strategies, industry news, and macroeconomic trends to help traders navigate the markets with confidence.

Alison Heyerdahl

Head of Content

Alison Heyerdahl
Alison Heyerdahl is the Head of Content at FxScouts and an experienced financial writer with extensive hands-on experience in the Forex trading industry. She specialises in Forex trading, broker analysis, and market research, with a focus on helping traders navigate the complex world of online trading safely and confidently. Alison has tested and reviewed more than 100 Forex brokers, assessing everything from regulatory status and trading conditions to platform features and customer support. Her goal is to provide honest, detailed, and practical insights that traders can rely on when choosing a broker. She’s also produced more than 100 educational videos for the FxScouts YouTube channel, where she explains trading concepts in a clear, accessible way. As the co-host of the “Let’s Talk Forex” podcast, Alison shares expert commentary on broker reliability, trading strategies, and market developments—always with a focus on transparency and trader protection.

Ida Hermansen

Financial Writer

Ida Hermansen
Ida is a financial writer with a passion for cryptocurrencies, blockchain networks, and Forex trading. A dedicated crypto trader, she developed a deep interest in Forex technical analysis and price action, continually expanding her expertise in market trends and trading strategies. With a background in digital marketing, SEO, and content strategy, Ida combines her analytical skills with clear, engaging writing to help traders navigate the ever-evolving financial markets. She stays up to date with the latest Forex and crypto developments, researching the best trading environments for new and experienced traders alike.

Stefan de Clerk

Financial Writer

Stefan de Clerk
Stefan is a financial writer and Forex trading enthusiast with over a decade of experience creating in-depth content on finance and technology. His deep interest in geopolitical events, big data, and market sentiment fuels his passion for analyzing how global factors shape financial markets. With a background in marketing and financial research, Stefan believes that Forex trading offers the best insight into the pulse of the world economy. Committed to delivering well-researched, unbiased, and objective information, he helps traders navigate the markets with clarity and confidence.
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Let's Talk Forex

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