Let's start here:

Exness is a globally recognized forex broker, operating in over 170 countries, offering a diverse range of tradable assets, including currencies, commodities, and cryptocurrencies. With a daily execution of over 300,000 trades and monthly trading volumes exceeding $1 trillion, Exness is a high-volume broker known for its transparency. Regulated by CySEC , FCA FSCA, and FSA in different jurisdictions, Exness adheres to strict financial standards. In this Exness review, we'll explore the broker's offerings in detail to reveal the real exness.

Quick Exness Review in 10 Key Points
Registered in	Cyprus
Regulated by	FCA, CYSEC, FSCA, FSA
Founded in	2008
Market instruments	Forex CFD, Commodities CFD, Stocks CFDIndices CFD, Crypto CFD
Minimum initial deposit	$10
Maximum leverage	Unlimited
Minimum spread	From 0.0 pips
Trading platform	MetaTrader 5, MetaTrader 4, Exness Trade appMetaTrader 5 mobile, MetaTrader 4 mobileExness Terminal, MetaTrader WebTerminal
Demo Accounts	Available
Social Trading	Yes
Deposit and withdrawal methods	Credit/debit cards, skrill, neteller, neteller
Customer Service	E-mail/phone number/address/live chat

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Pros and cons of Exness

Pros	Cons
Wide selection of trading instruments	Limited number of deposit and withdrawal methods
Easy-to-use and customizable trading platforms	No trading bonuses or promotions are offered
Detailed table of trading conditions on the instrument screen	Exness proprietary platform may not be suitable for all traders
Commission-free quick deposits and withdrawals from Exness	Telephone support is not available in some countries
Educational resources and analysis tools available	Not offering cryptocurrencies and currency pairs.
Multilingual customer service
Social trading feature supported

What type of broker is Exness？

Dimension	Pros	Cons
Broker Model	Exness offers tight spreads and fast execution due to its Market Making model.	As a counterparty to its clients' operations, Exness has a potential conflict of interest that can lead to decisions that are not in the best interest of the clients.

Exness is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, Exness acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of offering leverage. However, this also means that Exness has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interest of their clients. It is important for traders to be aware of this dynamic when trading with Exness or any other MM broker.

What is Exness？

Dimension	Pros	Cons
Regulation	Exness is regulated by reputable bodies such as the FCA, CySEC, FSCA, FSA, which provides some protection and security for customers.	Although regulated, Exness has received some penalties and fines in the past, which may be a concern for some customers.

Exness is a leading forex broker founded in 2008 in St. Petersburg, Russia. The company is based in Cyprus and is regulated by the FCA of the UK, CYSEC of Cyprus, FSCA of South Africa and FSA of Seychelles. The multiple regulation demonstrates its commitment to transparency and security of its clients' funds.

In the following article, we will analyze the characteristics of this broker in all its dimensions, offering you easy and well-organized information. If you are interested, read on.

Is Exness Legit？

Yes, Exness operates legitimately, regulated by four regulatory authority across four jurisdictions, specifically, ASIC in Australia, FCA in the United Kingdom, FSCA in South Africa, and FSA in Seychelles.

Exness is closely monitored by various government and regulatory bodies in different regions or countries, done to make sure they follow the rules and guidelines that keep financial markets fair and safeguard the interests of clients.

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number
	ASIC	Exness (UK) Ltd	Market Making (MM)	730729a
	CYSEC	Exness (Cy) Ltd	Market Making (MM)	178/12
	FSCA	EXNESS ZA (PTY) LTD	Retail Forex License	51024
	FSA	Exness (SC) Ltd	Retail Forex	SD025

Exness's UK entity, Exness (UK) Ltd, is regulated by tier-one regulator FCA under regulatory number 730729a，holding a license for Market Making (MM).

Exness's second entity in Cyprus, regulated by the tier-2 regulator CYSEC under regulatory number 178/12, holding a license for Market Making as well.

EXNESS ZA (PTY) LTD in South Africa, regulated by FSCA under regulatory number 51024, holding a license for Retail Forex.

Exness's fourth entity in Seychelles, Exness (SC) Ltd is regulated by the offshore regulator FSA under regulatory number SD025, holding a license for retail forex.

Market instruments

Dimension	Advantages	Disadvantages
Variety of Instruments	Exness offers a wide range of instruments, including precious metals, energy, indices and equities.	However, its offer of currency pairs and cryptocurrencies is limited compared to other brokers.

Exness offers various CFD trading products, covering Forex, Commodities, Stocks, Indices and Cryptos. Traders can access these instruments through the popular MetaTrader 4 (MT4) trading platform or its successor, the MetaTrader 5 (MT5) platform, both available in desktop, web and mobile versions. The platforms are highly customizable and offer a wide range of technical analysis tools and resources. Currently, cryptocurrencies and currency pairs appear to be unavailable.

Exness Minimum Deposit

To start trading with a very small amount of money, you can opt for a Standard Cent account, which requires a minimum deposit of just $10. With a Standard Cent account, you have access to the smallest lot size, known as the cent lot, allowing you to begin trading on various instruments with a margin of only $10.

The actual minimum amount required to initiate trading, however, will vary based on several factors, including the account type you choose, the payment method you use for deposits, regional regulations, and the prevailing market conditions.

Honestly, Exness's $10 minimum deposit is relatively low when compared to many other brokers in the industry, on the more accessible end of the spectrum, while many brokers set their minimum deposits at $100 or higher.

Here is the table showing the comparison of Exness minimum deposit with other brokers:

Broker	Minimum Deposit
	$100
	$10
	$200
	$100

Exness Account Types

Exness offers standard and professional accounts. The standard account is a commission-free, feature-rich account suitable for all traders, including beginners, offering market execution, stable spreads and no requotes.

The Pro account is an account that can meet the needs of experienced traders. It features ultra-low spreads, even without spreads. Its execution is suitable for scalpers, day traders and algorithmic traders. The professional account has a minimum deposit of $200.

Besides, Exness provides two social trading account options for strategy providers: Social Standard and Social Pro. The Social Standard account requires a minimum deposit of $500, offers spreads from 1 pip, no commission, maximum leverage of 1:200, and supports forex, metals, and cryptocurrencies. The Social Pro account, tailored for professional strategy providers, demands a $2000 minimum deposit but offers instant execution, lowest spreads from 0.6 pips, no commission, maximum leverage of 1:200, and covers the same range of instruments.

Exness Demo Account

Certainly, Exness offers clients access to demo accounts that last for 30 days. The Exness Demo account is virtually funded at $10, 000 USD. Basically, Exness demo accounts include the following features:

• Free to registere

• Easy to fund

• Access to leverage up to 2000:1

• Experience real market conditions

Here is a simple guide to help you top up your Exness demo account:

1. Log in to your Exness Personal Area.

2. Go to the “My Accounts” tab and select the “Demo” section to find your preferred Demo account.

3. Click “Set Balance” and enter your desired amount, like USD 500, into the provided box. You can even set a lower balance if needed.

4. If you're using a grid view, click the gear icon on the account box to access the options, and then click “Set Balance.”

5. Confirm your action by clicking “Set Balance” once more.

These steps will quickly adjust your Demo account balance to your desired amount.

Spreads and commissions for Exness trading

At Exness, spreads and trading commissions vary depending on the type of account and trading instrument. In general, spreads are low and competitive compared to other Forex brokers. In addition, the detailed trading instrument table provided by Exness allows clients to check spreads, commissions and other important details before opening a position in a particular instrument. For some instruments, such as XAGAUDm, on the standard account, Exness offers average spreads of 9.2 pips, no commissions and a maximum leverage of 1:2000. In addition, clients can adjust the stop loss level according to their needs and trading strategies. In short, Exness offers competitive spreads and commissions, allowing clients to trade efficiently and profitably on a wide variety of trading instruments.

Trading Platforms

Exness offers traders a comprehensive suite of trading platforms to accommodate various trading needs. Traders can access MetaTrader 5 and MetaTrader 4 on desktop, or utilize the Exness Trade app, MetaTrader 5 mobile, and MetaTrader 4 mobile for on-the-go trading. Additionally, web-based trading is facilitated through the Exness Terminal, MetaTrader Web, and Web Terminal, enabling traders to access their accounts and trade directly from their web browsers.

Clients can customize the platform according to their needs and preferences, and can also access the automated trading feature through Exness VPS.

Devices Available	Available
MetaTrader 4 (Desktop)
MetaTrader 5 (Desktop)
Exness Trade App (Mobile)
MetaTrader 5 mobile (Mobile)
MetaTrader 5 mobile (Mobile)
Exness Terminal (Web)
MetaTrader WebTerminal (Web)
cTrader

Exness Leverage

Pros	Cons
Enables the trader's purchasing power to be increased	Increases the risk of significant losses
Facilitates access to markets that otherwise would not be accessible	May lead to overexposure to the market
Offers the opportunity to earn higher profits	Margin requirements can be difficult to meet
Allows diversification of the trading portfolio	Can cause emotional operations and bad decisions
Allows traders to take larger positions	Not suitable for novice traders with no previous experience

The maximum leverage offered by Exness is up to 1:unlimited, which is a generous offer, ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also cause loss of funds, especially for inexperienced traders. Therefore, it is essential that traders choose the right amount based on their risk tolerance.

Deposit and Withdrawal

Dimension	Pros	Cons
Deposits and Withdrawals	Exness processes deposits in 30 minutes and withdrawals in 24 hours with no fees, making withdrawals fast and convenient.	Deposit and withdrawal methods are limited to bank cards and Perfect Money, which may be a limitation for some customers.

Exness offers a wide variety of deposit and withdrawal options, including bank card and Perfect Money. The minimum deposit is around 10 USD, making it affordable for traders who wish to start with a small amount. Deposits are processed within 30 minutes and withdrawals within 24 hours, ensuring quick availability of funds for traders. It is important to note that although Exness does not charge fees for deposits or withdrawals, credit card providers, banks or payment systems may charge transaction fees or commissions that are beyond their control.

Payment Methods	Min. Deposit	Min. Withdarwal	Fees	Processing Time
Perfect Money	$10	$2	Free	Deposit: within 30 minutesWithdrawal: within 24 hours
Bank Card	$10	$0	Free	Deposit: up to 30 minutes Withdrawal: 7-10 business days
Cryotocurrencies (USDT, Bitcoin, etc)	$10	$10	Free	Deposit: up to 1 dayWithdrawal: up to 1 day
E-payments (Skrill, Neteller, etc)	$10	$10	Free	Deposit: within 30 minutesWithdrawal: within 30 minutes

Here is the video showing how to depsoit with bank card for your refrence:

Education in Exness

Exness offers a range of educational resources that can help traders improve their understanding of the foreign exchange market and their trading skills. These resources include trading analysis tools, which provide detailed information on trading results and help traders identify patterns and trends. In addition, they offer calculators to help traders calculate trading costs and potential profits. Economic calendars and currency converters are also useful tools for traders who need to keep abreast of economic events and currency fluctuations. Overall, Exness educational resources are an excellent way for traders to learn more about the market and improve their trading strategy.

Exness Customer Service

Exness has a high quality customer support service, which is available in several languages and offers different communication channels to meet the needs of its customers. Users can contact the support team via live chat, email and telephone, and some of these services are available 24 hours a day, 7 days a week. The support staff is highly trained and ready to assist users with any problems or queries they may have. In addition, Exness offers a FAQ section on its website, which covers a wide variety of topics and common questions to help users find answers to their questions quickly and easily.

However, the Exness website is only available in Chinese.

Conclusion

In conclusion, Exness is a reliable and well-regulated forex broker, offering a variety of trading instruments and a wide range of trading platforms to meet the needs of its clients. Their focus on transparency and client education is reflected in their educational tools and resources, as well as the detailed information provided on their trading instruments screen. Although its Market Making model may be a disadvantage for some traders, Exness compensates for this with competitive spreads and fast, commission-free deposits and withdrawals. Overall, Exness is a good choice for traders of all experience levels looking for a reliable and transparent Forex broker.

Frequently asked questions about Exness

Q: Is it safe to trade with Exness？

A: Yes, Exness is a broker regulated by the FCA, CYSEC, FSCA and FSA, which guarantees a high level of security and protection for client funds.

Q: What are the spreads in Exness？

A: Spreads at Exness vary according to account type and trading instrument, but are quite competitive compared to other brokers.

Q: Are there any commissions in Exness？

A: Exness does not charge fees, but credit card providers, banks or payment systems may charge transaction fees or commissions.

Q: What deposit and withdrawal methods are available at Exness？

A: Exness offers deposits and withdrawals via bank card and Perfect Money.

Q: Does Exness offer educational resources for traders？

A: Yes, Exness offers a variety of educational resources, including trading analysis tools, calculators, economic calendars, currency converters and more.

Q: What are the pros and cons of trading with Exness？

A: Among the pros of Exness are multiple regulation, variety of account types and trading platforms, competitive spreads and multilingual customer service. Cons include limited deposit and withdrawal methods and lack of advanced technical analysis tools.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

Fortrade Review Summary in 10 Points
Founded	2013
Registered Country/Region	Belarus
Regulation	ASIC, FCA, CYSEC, IIROC, NBRB
Market Instruments	Currencies, Stocks, Indices, Precious Metals, Energy Products, Agriculture Products, US Treasury Bonds
Demo Account	Available
Leverage	1:200
EUR/USD Spread	2 pips
Trading Platforms	MT4
Minimum deposit	$100 (with a suggestion of $500 or currency equivalent)
Customer Support	phone, email

What is Fortrade？

Fortrade is an online forex market trading service provider founded in 2013 and currently holds a full license from the Australian Securities and Investments Commission (ASIC), a full license from the UK Financial Conduct Authority (FCA), a full license from the Cyprus Securities and Exchange Commission (CYSEC), a full license from the Investment Industry Regulatory Organization of Canada (IIROC), and a retail forex license from the National Bank of Belarus (NBRB).

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Fortrade is a regulated broker that offers a wide range of assets for trading, including forex, indices, commodities, and securities. The broker provides a free demo account with no time restrictions, making it an excellent tool for beginners to practice trading. Fortrade has a powerful MT4 trading platform available on desktop, web, and mobile devices, providing traders with flexibility and convenience.

In terms of fees, Fortrade charges no trading commissions and offers competitive spreads, although overnight rollover fees and inactivity fees may apply. Customer support is available via email and telephone, but the lack of live chat support may be a drawback for some traders. Overall, Fortrade is a solid choice for traders looking for a regulated broker with a user-friendly trading platform and a variety of underlying assets for trading.

Pros	Cons
• Regulated by multiple authorities	• Negative reviews regarding withdrawals
• Wide range of assets for trading	• Limited live account types
• Free demo account with no time restrictions	• Inactivity fee after 6 months
• Powerful MT4 trading platform with mobile, web, and desktop options	• Limited educational resources
• No trading commissions	• Limited payment options

Fortrade Alternative Brokers

There are many alternative brokers to Fortrade depending on the specific needs and preferences of the trader. Some popular options include:

• Hugo's Way - A relatively new broker with competitive spreads, high leverage, and a limited range of trading instruments.

• ICM Capital - A well-regulated broker offering a diverse range of trading instruments, advanced trading platforms, and excellent customer support.

• IFC Markets - An innovative broker with a unique approach to trading, offering a wide range of financial instruments, low minimum deposits, and advanced trading tools.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is Fortrade Safe or Scam？

Regulation by multiple reputable authorities such as ASIC, FCA, CYSEC, IIROC, and NBRB can provide some level of assurance of safety and reliability for traders. However, negative reviews of Fortrade regarding withdrawal issues are concerning, and potential traders should conduct thorough research and exercise caution before depositing funds with this broker. It is always recommended to carefully read the terms and conditions, including withdrawal policies, before trading with any broker.

Market Instruments

Fortrade provides investors with a range selection of tradable financial instruments, including more than 300 foreign currency, stock index, securities, oil, and precious metals CFD products. This wide range of financial instruments allows traders to have more options to diversify their portfolios and potentially increase their profits.

Accounts

Demo account: A free demo account is available to Fortrade customers. Users can practice their trading strategy with a €10,000 virtual investment, available on either the Fortrader or MetaTrader 4 platforms. Fortrade's demo account seems to be a useful tool for traders to practice their strategies without any pressure, and the lack of time restrictions makes it more convenient for beginners.

Live account: Fortrade only offers a single live account type, where the specific trading conditions vary depending on assets and trading size. The minimum deposit is reasonable at $100, with a suggestion of $500 or currency equivalent.

Leverage

Leverage is up to 1:200 for forex products, 1:20, 1:25, 1:50 for stock indices, 1:10 for EU securities, 1:50 for CFDs on agricultural commodities, 1:100 for gold and silver, 1:33 for corn, cotton, and soybeans. It is important to keep in mind that leverage can magnify profits, but it can also lead to greater losses, so traders should use leverage wisely and carefully manage their risk.

Spreads & Commissions

It seems that Fortrade charges mark-ups on spreads instead of trading commissions, which could be beneficial for traders who want to avoid commission fees. However, it is important to note that the mark-up on spreads may fluctuate, and traders should take this into consideration when planning their trades.

The average spread for EURUSD is 2 pips, and the average spread for USDGBP is 3 pips. Indices spread: Canada 60 average spread is 1 pip, US 2000 average spread is 0.6, US 500 average spread is 0.6. The gold average spread is $0.45, and the silver average spread is $0.04.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker	EUR/USD Spread	Commission
Fortrade	2 pips	None
Hugo's Way	0.0 pips	$5 per lot
ICM Capital	1.6 pips	None
IFC Markets	0.4 pips	None

Note that the commission for Hugo's Way is per lot, and a lot size varies depending on the account type and asset being traded. Additionally, spreads are variable and subject to change, especially during times of high market volatility.

Trading Platforms

Fortrade offers its users a market-leading and powerful MT4 trading platform, including the mobile MT4, web MT4, and desktop MT4. The platform is renowned for its advanced charting tools, technical analysis indicators, and automated trading capabilities, making it suitable for traders of all levels.

The desktop version of MT4 provides traders with access to real-time pricing and trading, advanced charting and analysis tools, and the ability to place orders quickly and easily. The web version of MT4 is accessible from any web browser and offers traders the flexibility to trade from any location, while the mobile version of MT4 enables traders to manage their accounts and access the markets from their smartphones and tablets.

See the trading platform comparison table below:

Broker	Trading Platforms
Fortrade	MT4, WebTrader
Hugo's Way	MT4, MT5
ICM Capital	MT4, cTrader
IFC Markets	MT4, MT5, NetTradeX

Deposits & Withdrawals

Deposits and withdrawals can be made via credit/debit cards, bank wire transfers, and e-wallets such as Skrill and Neteller. The recommended initial deposit requirement is $/€/£500, however, it is possible to deposit as little as $100 or equivalent currency to get started.

Fortrade minimum deposit vs other brokers

	Fortrade	Most other
Minimum Deposit	$100	$100

The broker does not charge any deposit fees, while any bank withdrawal fees incurred by Fortrade are passed on to the customer, which is usually around $40.

Processing times will vary by method. Deposits via bank wire transfers can take up to 7 working days for funds to clear. E-wallets offer faster clearance, often within 1 day. All withdrawal requests are processed by Fortrade within 2 business days of being submitted. However, fund clearance can take up to 5 business days for bank transfers and up to 15 business days for credit/debit cards.

Fees

Apart from spreads, commissions, deposit and withdrawal fees that we have mentioned above, Fortrade also charges an overnight rollover fee and inactivity fee of $/€/£10 on accounts left dormant for 6 months.

Overnight rollover fees are a common practice in the forex and CFD industry, as positions left open overnight incur a cost for the broker. As for the inactivity fee, it is also a common practice among brokers to charge a fee on dormant accounts to cover administrative and maintenance costs.

See the fee comparison table below:

Broker	Deposit Fee	Withdrawal Fee	Inactivity Fee
Fortrade	None	$40	$/€/£10 after 6 months of inactivity
Hugo's Way	None	Free withdrawal up to $150	None
ICM Capital	None	None	None
IFC Markets	varies by payment method	None	None

Please note that the fees listed above are subject to change at the discretion of each broker. It is recommended to check with the broker's official website or customer support for the most up-to-date fee information.

Customer Service

Clients with any inquiries or trading-related issues can get in touch with Fortrade through the email and telephone. Here are some contact details:

• Telephone: +375-17-2240625

• Email: support.by@fortrade.by

• FAQ section is also available.

Pros	Cons
• Email and phone support	• No live chat support
• Comprehensive FAQ section available	• No 24/7 customer support

Note: These pros and cons are subjective and may vary depending on the individual's experience with Fortrade's customer service.

User Exposure on WikiFX

On our website, you can see that some users have reported unable to withdraw. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Conclusion

All things considered, Fortrade is a reputable broker with multiple regulatory licenses, offering a wide range of assets for trading and a powerful MT4 platform. The broker charges no commissions and has competitive spreads, making it an attractive option for traders. However, there have been some negative user reviews concerning withdrawal issues and the overnight rollover fee, which may cause concern for some traders. Additionally, the lack of alternative trading platforms and the inactivity fee may be a drawback for some traders who prefer more flexibility. Overall, Fortrade is a good option for traders looking for a reliable and regulated broker with a comprehensive trading platform and competitive trading conditions.

Frequently Asked Questions (FAQs)

Q 1:	Is Fortrade legitmate？
A 1:	Yes. Fortrade is legimate. It is regulated by multiple regulatory authorities including ASIC, FCA, CYSEC, IIROC, NBRB.

Q 2:	At Fortrade, are there any regional restrictions for traders？
A 2:	Yes. It does not accept clients from the USA.

Q 3:	Does Fortrade offer demo accounts？
A 3:	Yes.

Q 4:	How does Fortrade make money？
A 4:	Fortrade makes money from spreads, commissions, and swap rates on leveraged overnight positions.

Q 5:	What is the maximum leverage offered by Fortrade？
A 5:	Fortrade offers leverage of of up to 1:200.

Q 6:	Does Fortrade offer the industry-standard MT4 & MT5？
A 6:	Yes. Fortrade supports MT4 Desktop, WebTrader and Mobile APP.

Q 7:	What is the minimum deposit for Fortrade？
A 7:	The minimum initial deposit to open an account is $100 (with a suggestion of $500 or currency equivalent).

Q 8:	Is Fortrade a good broker for beginners？
A 8:	Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money.