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Do you want to know which is the better broker between Exness and MONEX ?
In the table below, you can compare the features of Exness , MONEX side by side to determine the best fit for your needs.
EURUSD: -0.2
XAUUSD: 0.1
Long: -5.77
Short: 8.08
Long: -350.35
Short: 33.17
EURUSD: -1.5
XAUUSD: 11
Long: -2.21
Short: 0.22
Long: -4.16
Short: 1.63
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of exness, monex lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
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 | Cons |
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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.
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.
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.
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.
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 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.
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:
Log in to your Exness Personal Area.
Go to the “My Accounts” tab and select the “Demo” section to find your preferred Demo account.
Click “Set Balance” and enter your desired amount, like USD 500, into the provided box. You can even set a lower balance if needed.
If you're using a grid view, click the gear icon on the account box to access the options, and then click “Set Balance.”
Confirm your action by clicking “Set Balance” once more.
These steps will quickly adjust your Demo account balance to your desired amount.
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.
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 |
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.
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:
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 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.
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.
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.
Aspect | Information |
Registered Country/Area | Japan |
Founded Year | 1999 |
Company Name | Monex Group |
Regulation | FSA |
Minimum Deposit | Not specified |
Spreads | Not specified |
Trading Platforms | Monex Trader (Stocks & Futures), Monex Trader FX (Forex), Multiboard 500, Full Board Information Tool, Market Board, and Monex Vision |
Tradable Assets | Domestic stocks, US stocks, Chinese stocks, investment trusts, bonds, IPOs, stock lending services, ETFs, foreign exchange currency pairs, cryptocurrency CFDs, bonds, etc. |
Account Types | Not specified |
Customer Support | Email & Phone support |
Payment Methods | Instant deposit services, regular automatic deposit services, ATM deposits through Monex Saison cards, bank transfers |
Educational Tools | Financial investment information, and monthly disclosure of company information, news releases, etc. |
Monex Group, Inc. is a financial services company based in Japan. It was founded in 1999 and is regulated by the Financial Services Agency (FSA) of Japan. The company offers various trading platforms, including Monex Trader for stocks and futures, Monex Trader FX for forex trading, Multiboard 500, Full Board Information Tool, Market Board, and Monex Vision.
Monex Group provides a wide range of tradable assets to its clients. These include domestic stocks, US stocks, Chinese stocks, investment trusts, bonds, initial public offerings (IPOs), stock lending services, ETFs, foreign exchange currency pairs, cryptocurrency CFDs, and more.
The specific account types and minimum deposit requirements are not specified in the available information. However, Monex Group offers customer support through email and phone. It provides various payment methods, such as instant deposit services, regular automatic deposit services, ATM deposits through Monex Saison cards, and bank transfers.
For educational purposes, Monex Group offers financial investment information and monthly disclosure of company information, news releases, and other resources to assist traders and investors in making informed decisions.
Monex Group, represented by its licensed institution Monex Securities Inc. (マネックス証券株式会社), is a legitimate and regulated online securities company operating under the supervision of the Financial Services Agency in Japan. Since September 30, 2007, Monex Securities Inc. has held a retail forex license (License No.: 関東財務局長(金商)第165号), ensuring compliance with industry standards and regulations. The company's headquarters are located at 1-12-32 Akasaka, Minato-ku, Tokyo, and they can be contacted at 03-4323-3800. This regulatory oversight and transparency contribute to the trustworthiness and credibility of Monex Group.
Monex Group, a reputable online securities company based in Tokyo, Japan, offers several advantages and drawbacks to consider. One of its significant strengths is being FSA-regulated, ensuring a level of security and adherence to regulatory standards. Additionally, Monex Group provides a diversified range of products and services, catering to the needs of various investors. Another advantage is the availability of multiple trading platform options, allowing traders to choose the one that suits their preferences. Moreover, Monex Group supports various payment methods, enhancing convenience for clients.
However, there are a couple of downsides to be aware of. Firstly, there is no clear information regarding the minimum deposit requirement, which may pose a challenge for potential investors. Secondly, the customer support provided by Monex Group is considered average, and some clients may have higher expectations in terms of responsiveness and assistance. Overall, Monex Group offers a regulated and diverse investment environment but could improve certain aspects like providing more transparent deposit information and enhancing customer support.
Pros | Cons |
FSA-regulated | No clear Minimum deposit info |
Diversified range of products & services | Relatively high fees for some products |
Multiple trading platform options | Limited languages support |
Various payment methods | No specific information on account types, leverage, and spreads |
Established and reputable company |
Monex Group offers a comprehensive range of products and services to investors. These include domestic stocks, US stocks, Chinese stocks, investment trusts, bonds, IPOs, stock lending services, ETFs, foreign exchange currency pairs, cryptocurrency CFDs, and bonds. With such a diverse selection, investors have the opportunity to diversify their portfolios and access a wide range of investment options. Whether they are interested in stocks, bonds, or alternative investments like cryptocurrency, Monex Group aims to meet the diverse needs and preferences of its clients.
Commissions
The diverse lineup of products offered by MONEX is from 110 yen for physical trading to 99 yen for margin trading (tax included), both beginners and experienced traders can make a small investment at a reasonable price. The monthly Fixed Commission Process calculates the commission for the total daily contract amount, which traders can choose according to their needs. For example, the brokerage fee for China stocks (tax included) is 0.275% of the contract price (minimum fee HK$49.5, maximum fee HK$495). The fee for Nikkei 225 Mini Index is 38 yen per order, and the fee for Nikkei 225 Futures is 275 yen per order.
Trading Platforms
Monex Group provides a wide range of flexible trading platforms to cater to the needs of traders. These platforms include Monex Trader, which supports trading in stocks and futures, Monex Trader FX, specifically designed for forex trading, Multiboard 500, Full Board Information Tool, Market Board, and Monex Vision. These platforms offer different features and functionalities to enhance the trading experience and allow traders to access a variety of financial instruments. Whether traders are interested in stocks, futures, forex, or market information, Monex Group offers diverse options to suit their preferences and trading strategies.
TradeStation offers state-of-the-art trading technology and online electronic brokerage services to active individual and institutional traders. TradeStation has been able to leverage its award-winning technology solutions in global markets extending from Europe to Japan, China, and South Korea. TradeStations powerful yet convenient mobile and web trading apps let clients capitalize on trading opportunities virtually anytime anywhere, while its desktop platform provides all the tools needed to design, test, optimize, automate, and monitor custom equities, options and futures trading strategies. TradeStation also provides personalized support from fully licensed brokerage professionals, a vast array of educational offerings to help clients improve their trading skills, different accounts to meet every trading and investment objective, and simplified low-cost commission pricing.
MONEX provides investors with a diverse selection of deposit and withdrawal options, ensuring convenience and flexibility. Investors can choose from instant deposit services, regular automatic deposit services, ATM deposits through Monex Saison cards, and bank transfers. These options allow investors to easily fund their investment accounts and access their funds when needed. With a variety of choices available, MONEX aims to accommodate the preferences and requirements of its clients, making the deposit and withdrawal process efficient and user-friendly.
Clients with any inquiries or trading-related issues can easily contact MONEX through various accessible channels. They can reach out to MONEX via telephone at +81 0120-430-283 or send an email to feedback@monex.co.jp. Additionally, MONEX maintains an active presence on popular social media platforms such as Twitter, Facebook, and YouTube, allowing clients to stay updated and engage with the company. These multiple contact channels provide clients with convenient options to seek assistance, receive support, and stay connected with MONEX, ensuring a responsive and interactive customer experience.
Monex Group claims to provide comprehensive educational resources for investors. Here are some key points about the educational resources offered by Monex Group:
1. For New Investors:
Monex Group provides tailored educational materials and resources specifically designed for new investors. These materials cover a wide range of topics, including investment basics, risk management, and investment strategies.
2. Financial Result Related Materials:
Monex Group regularly publishes financial result-related materials to keep investors informed about the company's performance. These materials include financial statements, earnings reports, and management commentary, providing a transparent view of the company's financial health.
3. IR Library:
Monex Group maintains an extensive IR (Investor Relations) library, which serves as a repository for various important documents. This library includes consolidated financial summaries, presentation materials, and the annual report, offering comprehensive information about the company's operations and performance.
4. Stock & Rating Information:
Monex Group provides detailed stock and rating information to help investors make informed decisions. This information includes stock profiles, stock prices, credit ratings, and analyst coverage, enabling investors to stay updated on the company's stock performance and market analysis.
In conclusion, Monex Group is a legitimate online securities company based in Tokyo, Japan, regulated by the Financial Services Agency. They offer a wide range of market instruments, including domestic and international stocks, investment trusts, bonds, IPOs, and various trading services. Monex provides different trading platforms to cater to the needs of traders, and they offer flexible deposit and withdrawal options. While Monex Group has several advantages such as a diverse product lineup and regulated operations, some potential disadvantages may include transaction fees and spreads associated with certain products. Overall, Monex Group presents itself as a reputable option for individuals interested in online securities trading, backed by a strong regulatory framework and customer support channels.
Q: What is the Global Vision business strategy of Monex Group?
A: The Global Vision is a comprehensive initiative that brings together all companies within Monex Group worldwide, aiming to establish a truly global online financial institution that generates beneficial synergies for all stakeholders.
Q: How does Monex Group aspire to be a Global Technology-based Retail Financial Service Provider?
A: Monex Group, formed through the merger of Monex, Inc. and Nikko Beans, Inc., leverages its expertise and strengths in the capital markets to become a leading Global Technology-based Retail Financial Service Provider.
Q: How does Monex Group disclose information?
A: Monex, Inc., a subsidiary of Monex Group, provides monthly disclosures. While the Monex, Inc. website is available only in Japanese, information about Monex Group, Inc., the parent company listed on the Tokyo Stock Exchange, can be found in both Japanese and English on their website at https://www.monexgroup.jp/en/. This includes company information and news releases.
Q: What affiliations does Monex, Inc. have?
A: Monex, Inc. is a registered financial instruments firm under the Financial Instruments and Exchange Law of Japan (registered number 165). It is a member of several associations, including the Japan Securities Dealers Association, Type II Financial Instruments Firms Association, The Financial Futures Association of Japan, Japan Virtual and Crypto Assets Exchange Association, and Japan Investment Advisers Association.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive exness and monex are, we first considered common fees for standard accounts. On exness, the average spread for the EUR/USD currency pair is À partir de 0,3 pips, while on monex the spread is --.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
exness is regulated by CYSEC,FCA,FSCA,FSA. monex is regulated by FSA.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
exness provides trading platform including Standard,Pro,Zero,Raw Spread,Standard,Standard Cent and trading variety including Forex, métaux, e-monnaies, énergies, actions, indices. monex provides trading platform including -- and trading variety including --.