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, precious metals, energy, indices, stocks
Minimum initial deposit	$10
Maximum leverage	Unlimited
Minimum spread	From 0.0 pips
Trading platform	MT5, MT4, own platform
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

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 and CySEC, 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 a wide range of financial instruments for trading, including precious metals, energy, indices and stocks. 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.

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 a variety of trading platforms, including the popular MT4 and MT5 trading platforms, available for download on desktop and mobile devices. In addition, Exness also offers its own trading platform, Exness Trade App, which is available on the web and mobile devices. The Exness platform offers an intuitive and easy-to-use interface, as well as a wide range of technical analysis tools and resources. Clients can customize the platform according to their needs and preferences, and can also access the automated trading feature through Exness VPS.

Devices Available	Desktop, Mobile, Terminal,
MetaTrader 4
MetaTrader 5
Exness Trade App
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.

GKFX Prime Review Summary in 10 Points
Founded	2012
Headquarters	UK
Regulation	FSC
Market Instruments	Forex, Commodities, Indices, Stocks, Cryptocurrency
Demo Account	Available
Leverage	1:400
EUR/USD Spread	1.8 pips
Trading Platforms	MT4, MT5
Minimum deposit	$0
Customer Support	24/5 Live chat, phone, email

What is GKFX Prime？

GKFX Prime is an online forex and CFD broker that was established in 2012. The broker is based in the United Kingdom. GKFX Prime provides traders with a range of trading instruments, including forex, indices, commodities, and cryptocurrencies. They offer various account types and trading platforms, including the popular MetaTrader4 and MetaTrader5 platforms. GKFX Prime also provides educational resources and customer support in multiple languages.

What Type of Broker is GKFX Prime？

GKFX Prime is a Straight Through Processing (STP) broker that offers clients direct access to interbank markets without the need for a dealing desk or human intervention. This means that trades are executed instantly and efficiently without any conflict of interest between the broker and the client.

Pros & Cons

GKFX Prime's main advantages are their competitive trading conditions, including tight spreads and low commissions, as well as their extensive range of trading instruments and educational resources.

However, their lack of regulatory oversight in major jurisdictions and too many complaints from users may be a concern for some traders.

Ultimately, it's important for traders to weigh these factors against their own priorities and preferences when choosing a broker.

Pros	Cons
• Multiple account types and platforms	• No legitimate regulatory licenses
• Tight spreads and low commissions	• No US clients allowed
• No deposit or withdrawal fees	• Too many complaints
• extensive range of trading instruments and educational resources

GKFX Prime Alternative Brokers

Some alternative brokers to GKFX Prime include:

• IC Markets: An Australian-based broker that offers ECN trading with tight spreads and low commissions. They also have a wide range of trading instruments and multiple trading platforms.

• Admiral Markets: A European-based broker with a strong focus on education and research. They offer a variety of account types and trading platforms, as well as a wide range of trading instruments.

• FxPro: A UK-based broker with over 15 years of experience in the industry. They offer a range of trading platforms and account types, including ECN trading with tight spreads.

• Pepperstone: An Australian-based broker that offers low spreads, fast execution, and a variety of trading platforms. They also offer a range of educational resources for traders.

• XM: A global broker that offers a wide range of trading instruments and multiple account types. They also offer a demo account for traders to practice trading strategies without risking real money.

It is important to thoroughly research and compare different brokers before choosing one that suits your trading needs and preferences.

Is GKFX Prime Safe or Scam？

As GKFX Prime is an unregulated broker, its reliability may be a concern for some traders. While the company has been operating for several years, the lack of regulatory oversight may make it less attractive to traders who prioritize safety and security. The worse is that there are too many complaints from their users.

Also, it's important to note that being unregulated doesn't necessarily mean that a broker is unreliable. However, it does mean that there is no external oversight of the broker's activities and no protection for clients in the event of financial difficulty or fraud. Clients should exercise caution when dealing with unregulated brokers and conduct thorough research before opening an account.

Market Instruments

GKFX Prime offers 400+ financial instruments to trade, including forex, commodities, indices, stocks, and cryptocurrencies.

Forex: over 50 currency pairs, including major, minor, and exotic pairs.

Commodities: including gold, silver, oil, and natural gas.

Indices: over 20 global indices, including popular indices like the S&P 500, FTSE 100, and DAX 30.

Stocks: over 300 stocks from companies listed on exchanges in the US, UK, Germany, and France.

Cryptocurrency: including Bitcoin, Ethereum, and Litecoin.

Accounts

Apart from free demo accounts, there is a large variety of live trading accounts available at GKFX Prime, and each one is tailored to the specific requirements of the clients.

A trader's risk appetite, the quantity of their initial investment, and the amount of free time they have daily to devote to trading the Forex market are all important considerations when deciding which account type will best suit their needs.

The account types include the following: Standard Fixed, Standard Variable, VIP Variable and ECN Zero. Additionally, Islamic accounts are available for clients who follow Sharia laws. There is no minimum deposit requirement for Standard Fixed, Standard Variable and ECN Zero accounts, while $5,000 for VIP Variable accounts.

How to open an account with GKFX Prime？

To open a new forex trading account with GKFX Prime, you must first pass a simple “know your customer” test. Because of this, GKFX Prime can verify your identity, your account information, and the security of your cash.

Login information for the trading platform that is best suited to the type of account you opened will typically be emailed to you after the initial registration.

Step 1 – Register an account

Open your Live Trading Account.

Step 2 – Fill out the 5-page form

Supply personal detail, financial information, trade knowledge and experience, etc.

Leverage

The maximum leverage offered by GKFX Prime is 1:400. However, the leverage available to you may vary depending on your location and the regulatory restrictions in place.

Spreads & Commissions

Different account types have different trading conditions. Specifically, Standard Fixed accounts have spread from 1.8 pips and no commissions; Standard Variable accounts have spread from 1.2 pips and no commissions; VIP Variable accounts have spread from 0.6 pips and no commissions; ECN Zero accounts have spread as low as 0.0 pips but have to pay a commission of 10/lot.

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

Broker	EUR/USD Spread	Commission
GKFX Prime	1.8 pips	No (except for ECN Zero account)
IC Markets	0.1 pips	$7 per standard lot
Admiral Markets	0.5 pips	No (except for Zero.MT4)
FxPro	1.4 pips	No
Pepperstone	0.16 pips	No (except for Razor account)
XM	0.8 pips	No

Note: The above information is subject to change and may vary based on account types and market conditions.

Trading Platforms

GKFX Prime offers the MetaTrader4 (MT4) and MetaTrader5 (MT5) trading platforms, which are popular and widely used platforms among traders. They provide access to a range of tools and features, including advanced charting, technical analysis tools, automated trading capabilities, and the ability to customize and use third-party indicators and trading algorithms.

They are both available for desktop, web, and mobile devices, making it convenient for traders to access their accounts and trade from anywhere at any time. Additionally, GKFX Prime offers a VPS (Virtual Private Server) service to clients who require faster and more reliable connection to the MT4 and MT5 platforms.

Overall, GKFX Prime's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

Broker	Trading Platforms
GKFX Prime	MT4, MT5
IC Markets	MT4, MT5, cTrader
Admiral Markets	MT4, MT5
FxPro	MT4, MT5, cTrader
Pepperstone	MT4, MT5, cTrader
XM	MT4, MT5, WebTrader

Deposits & Withdrawals

While there is no minimum deposit requirement with GKFX Prime, we advise putting up at least five dollars so that you have more flexibility and a higher chance of building positions large enough to make a difference in the markets. The company offers quick deposit and withdrawal alternatives to GKFX Prime traders so that regular traders can have more faith in the platform and gain more market access.

Credit cards (Visa, MasterCard and Maestro), bank transfers and e-wallets such as Neteller and Skrill are all acceptable methods of payment, so long as the buyer has provided the necessary “know your customer” papers to comply with AML regulations. The most common of them is a photocopy of your passport and some form of the recent bill showing your current address.

Credit cards and bank transfers are both acceptable withdrawal methods. Transfers made with a credit card take three to five business days to process, while wire transfers can take anywhere from one to five days. Withdrawal is free of charge.

Please note that some deposit and withdrawal methods may not be available in certain regions/countries, and fees and processing times may vary depending on the chosen method.

GKFX Prime minimum deposit vs other brokers

	GKFX Prime	Most other
Minimum Deposit	0	$100

GKFX Prime Money Withdrawal

To withdraw funds, clients need to log in to their account, go to the “Withdrawal” section, select the preferred withdrawal method, and follow the instructions provided. It's worth noting that GKFX Prime may require additional documentation for verification purposes before processing the withdrawal request.

Bonus & Fees

GKFX Prime claims to offer a 100% welcome bonus and a 50% re-deposit bonus. In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task.

Apart from commission fees on the ECN Zero account, there are no other fees charged.

See the fee comparison table below:

Broker	Deposit Fee	Withdrawal Fee	Inactivity Fee
GKFX Prime	Free	Free	No
IC Markets	Free	$0-$20 depending on method	AUD$10 per month after 6 months of inactivity
Admiral Markets	Free	Free	€10 per month after 24 months of inactivity
FxPro	Free	Free	$5 per month after 12 months of inactivity
Pepperstone	Free	Free	AUD$15 per month after 12 months of inactivity
XM	Free (may vary depending on method and country)	Free (may vary depending on method and country)	$5 per month after 90 days of inactivity

Please note that these fees are subject to change and may vary depending on the country of residence and the payment method used.

Customer Service

GKFX Prime offers customer support in multiple languages through various channels including live chat, phone, and email. Their customer support is available 24/5, which means that traders can get assistance during the trading week. Additionally, GKFX Prime provides support through social media platforms such as Facebook, Twitter, LinkedIn, Instagram and YouTube.

The broker also provides an FAQ section and educational resources on its website to assist traders. Overall, GKFX Prime has a good reputation for customer support.

Pros	Cons
• Multiple channels for customer support including email, phone, and live chat	• No 24/7 customer support available
• Dedicated account manager for VIP clients
• Multilingual customer support
• Quick response time to customer inquiries
• Availability of customer support during market hours

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

Education

Those interested in opening an account with GKFX Prime should familiarize themselves thoroughly with the ins and outs of forex and commodity trading before placing any trades. If a trader needs more information than is available on the GKFX Prime website, they should look elsewhere.

GKFX Prime offers a range of educational resources for traders of all levels, including video tutorials, articles, ebooks, webinars, seminars.

Webinars: GKFX Prime provides free webinars to its clients, covering various trading topics, such as market analysis, risk management, and trading strategies.

Video tutorials: The broker offers a collection of video tutorials covering a range of trading topics, including technical analysis, trading psychology, and risk management.

Conclusion

Based on the information provided, GKFX Prime is an unregulated broker with a wide range of trading instruments and account types. While their trading conditions are relatively competitive, the lack of regulation raises concerns about the safety of client funds. Their customer support and educational resources are adequate but not exceptional. Overall, traders should approach GKFX Prime with caution and consider alternative brokers that are regulated and offer more comprehensive services.

Frequently Asked Questions (FAQs)

Q 1:	Is GKFX Prime regulated？
A 1:	Yes. It is regulated by FSC.

Q 2:	At GKFX Prime, are there any regional restrictions for traders？
A 2:	Yes. GKFX Prime does not provide services for the residents of certain countries, such as the United States of America, Canada, Japan, Indonesia, Turkey, Israel and the Islamic Republic of Iran.

Q 3:	Does GKFX Prime offer demo accounts？
A 3:	Yes.

Q 4:	Does GKFX Prime offer the industry-standard MT4 & MT5？
A 4:	Yes. Both MT4 and MT5 are available.

Q 5:	What is the minimum deposit for GKFX Prime？
A 5:	There is no minimum initial deposit requirement.

Q 6:	Is GKFX Prime a good broker for beginners？
A 6:	Yes. GKFX Prime is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money.