Brokers › Exness

Exness — costs, regulation & account details

Exness (SC) Ltd (primary retail-facing entity of Exness Group; Securities Dealer, Seychelles reg. 8423606-1)

No percentage published on the global (offshore-entity) site — footer carries only a generic warning that 'traders likely to incur losses exceeding the potential for profits'. BrokerChooser displays '74-89% of retail CFD accounts lose money' against Exness (Jun 2026), but that figure does not appear on exness.com itself of retail investor accounts lose money trading CFDs/forex with this provider (broker-stated).

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Overview

Legal / official name: Exness (SC) Ltd (primary retail-facing entity of Exness Group; Securities Dealer, Seychelles reg. 8423606-1)
Parent company: Exness Group — privately held, founder-led (founded by Petr Valov, CEO, and Igor Lychagov); ultimate holding-company name not publicly disclosed
Founded: 2008
Headquarters: Group operational HQ widely reported as Limassol, Cyprus; primary retail entity Exness (SC) Ltd registered at 9A CT House, 2nd floor, Providence, Mahe, Seychelles (per exness.com footer)
Publicly listed: No — privately held, not listed on any exchange
Accepts customers from: Global coverage focused on Asia-Pacific, MENA, Africa, LATAM and CIS via offshore entities (plus locally licensed Kenya, South Africa, Jordan sites). Site footer explicitly EXCLUDES: USA, Canada, Europe (EEA), United Kingdom, Russia, Belarus, Iran, North Korea 'and others'. Australia is also widely reported as not accepted (no ASIC entity). India: on RBI Alert List and Exness stopped onboarding new Indian clients on 11 July 2025 (existing clients can still trade). Philippines: Jan 2026 SEC advisory says Exness is not authorized to solicit there.

Regulation & entities

Brokers operate multiple legal entities; the protections and leverage you get depend on which one holds your account.

Entity	Regulator	Licence	Region
Exness (SC) Ltd	FSA (Seychelles)	SD025 (company reg. 8423606-1)	Main retail entity for selected jurisdictions outside the EEA (bulk of global retail clients); also authorized as OTC Derivatives Provider (ODP) by FSCA South Africa
Exness B.V.	CBCS (Central Bank of Curaçao and Sint Maarten)	0003LSI (reg. 148698(0))	Selected jurisdictions outside the EEA
Exness (VG) Ltd	FSC (British Virgin Islands)	SIBA/L/20/1133 (reg. 2032226)	Selected jurisdictions outside the EEA
Forexite Ltd.	FSC (Belize)	9110312 (reg. 000022129)	Selected jurisdictions outside the EEA
Exness (MU) Ltd	FSC (Mauritius)	GB20025294 (reg. 176967)	Outside EEA; per Exness, this entity does not currently provide retail services
Exness (KE) Limited	CMA (Kenya)	162 (non-dealing online FX broker)	Kenya, via www.exness.ke
Exness Limited Jordan Ltd	JSC (Jordan Securities Commission)	Companies Control Dept reg. 51905	Jordan, via www.exness.jo
Exness ZA (PTY) Ltd	FSCA (South Africa)	FSP 51024	South Africa, via www.exness.co.za
Exness (Cy) Ltd	CySEC (Cyprus)	178/12	EU via www.exness.eu — does NOT offer services to retail clients (professional/institutional only)
Exness (UK) Ltd	FCA (United Kingdom)	FRN 730729	UK via www.exness.uk — does NOT offer services to retail clients

Accounts & pricing

Account	Pricing model	Commission (round turn)	Typical EUR/USD spread	Min. deposit
Standard	spread-only, market execution	$0 (no commission)	from 0.2 pips (broker-published minimum); average/typical figure not verifiable — site spread widget is dynamic	$10 (help-center figure via secondary sources; varies by region/payment method)
Standard Cent	spread-only, market execution	$0 (no commission)	not separately published; Standard-family pricing (from ~0.2-0.3 pips per secondary sources, unverified)	$10 (secondary sources; cent-lot account, 1 lot = 1,000 units)
Pro	spread-only, INSTANT execution (price-certainty/requote model)	$0 (no commission)	from 0.1 pips (broker-published minimum); average not verified	$200 (help-center figure via secondary sources; region-dependent)
Raw Spread	raw spread + fixed commission, market execution	up to $7.00 round turn (broker states 'up to $3.50 each side per lot'; capped, most FX at the cap)	from 0.0 pips (broker minimum); BrokerChooser (Jun 2026) measured EURUSD avg ~0.0 pips during peak hours, GBPUSD ~0.1	$200 (help-center figure via secondary sources; region-dependent)
Zero	0-spread on top-30 instruments + variable per-instrument commission, market execution	from $0.10 round turn (broker states 'from $0.05 each side per lot'); instrument-specific and can be far higher on non-FX — exact per-instrument table not verifiable outside Personal Area	0.0 pips on top-30 instruments for '95% of the trading day' (broker claim; spreads can rise above 0 in volatility)	$200 (help-center figure via secondary sources; region-dependent)

Professional client account

Professional-account data is being compiled for this broker.

Costs

Deposit fees: $0 generally, with site footnote: 'Deposit fees may be applied to specific payment methods to maintain the integrity of our payment processes' — specific methods/amounts not published, shown per-method in Personal Area
Withdrawal fees: $0 on standard methods — Exness states it covers third-party transaction costs (cards, e-wallets, bank transfer, crypto); corroborated as $0 by BrokerChooser (Jun 2026). Per-method terms/limits are only shown inside the Personal Area and vary by country — exact per-method table not publicly verifiable
Inactivity fee: None — no inactivity or reactivation fee (dormant real accounts are archived but funds remain; reactivation free)
Currency conversion: No fixed % published. BrokerChooser (Jun 2026) describes conversion as 'exchange rate received from liquidity providers plus a mark-up' — mark-up size unverified
Swap-free available: Yes — swap-free status covers all FX majors, most FX minors, gold, oil, all cryptocurrencies and indices (site footnote); accounts registered in selected Islamic countries are swap-free by default; extended swap-free is granted/revoked based on trading behavior (T&Cs apply)
Swap notes: Swaps applied daily Mon-Fri where applicable; triple swap Wednesday for FX (Thursday for USDCAD); triple swap Friday for BTCUSD/ETHUSD/ETHBTC/BTCUSDT, Wednesday for BTC cross pairs; exotic pairs carry fixed margin regardless of leverage

Platforms & execution

MetaTrader 4: Yes — desktop, mobile, and MT WebTerminal (dedicated exness.com/metatrader-4/ page)
MetaTrader 5: Yes — desktop, mobile, WebTerminal; largest symbol coverage (~348 symbols per ForexBrokers.com May 2026)
cTrader: No — not offered (absent from Exness's complete platform lineup)
TradingView: Charting only: TradingView charts are integrated inside Exness Terminal and Exness Trade app (100+ indicators); no tradeable TradingView.com broker connection offered
Proprietary: Exness Terminal (web platform) and Exness Trade app (iOS/Android) with one-click trading, in-app funding, Trading Central signals
API access: No public proprietary REST/FIX API for retail clients; algorithmic trading via MT4/MT5 EAs (MQL) only. Free VPS offered. Exness publishes free public tick history for backtesting (exness.com/tick-history/). FIX-API claims appear only on low-quality affiliate sites — treat as not available

Execution model: Claimed: proprietary pricing algorithms with choice of market execution or instant execution (Pro); no ECN/STP claim is made. Assessed: dealer/market-maker model — Exness is licensed as a Securities Dealer and acts as counterparty to client trades, with third-party consensus describing it as a market maker/hybrid (B-book with hedging). Notable transparency: public tick history published for verification/backtesting; 0% stop-out level with proprietary Stop Out Protection
Max leverage (by region): Advertised 1:Unlimited on all account types (conditions per help center: small equity — reported <$1,000 — plus minimum trade-history requirements; reverts to 1:2000 above the threshold, then steps down by equity tier to ~1:100 at $200k+ — tier boundaries from secondary sources, not independently verified). No 30:1 retail caps apply because Exness has no UK/EU/AU retail business; local caps may apply via Kenya CMA and FSCA entities (not verified)
VPS: Free VPS for eligible clients (Windows Server 2019, 2 CPU cores, 2GB RAM, 50GB disk), hosted adjacent to Exness MT servers; apply via Personal Area, eligibility criteria apply
Copy trading: Discontinued in 2026: Exness Social/Copy Trading was phased out — apps pulled from stores 15 Jan 2026, new contributions stopped 16 Feb 2026, remaining copy positions force-closed 25 Jun 2026 (news sources; social-trading.exness.com still resolves but service is closed to new users)

Instruments

Forex: ~100 pairs on MT5 (78 pairs on the proprietary web platform; 239 total web symbols vs 348 on MT5 — ForexBrokers.com, May 2026); majors, minors, exotics
CFDs: Indices (~10 incl. S&P 500, NASDAQ 100, Dow, DAX, FTSE, Nikkei), commodities (gold, silver, oil, natural gas), ~100 US/international stock CFDs; no ETF CFDs
Crypto CFDs: ~30 crypto CFDs + 6 crypto cross pairs (BTC, ETH, BTCXAU, BTCAUD etc.); 24/7 trading, swap-free; fixed margin requirements
Crypto for retail (no pro status): UK: moot — Exness does not serve UK retail at all, and the FCA retail ban on crypto derivatives (2021) remains in force in 2026 (FCA lifted only the crypto-ETN ban in Oct 2025). EU: moot — Exness does not serve EU retail. AU: Exness does not accept Australian clients (no ASIC entity). Offshore-served regions (Asia, LATAM, MENA, Africa, CIS): YES — full crypto CFD range available to retail with no professional-status requirement

Consumer protection

Negative balance protection: Yes — advertised for all clients across entities ('we prevent losses from exceeding your balance, no matter the market conditions'); plus proprietary Stop Out Protection and 0% stop-out level
Client fund segregation: Yes — client funds held segregated from company funds in 'multiple tier-1 banks' (broker claim; no third-party audit of segregation found)
Compensation scheme: No statutory investor-compensation scheme for retail clients — retail is served by offshore entities (Seychelles/Curaçao/BVI/Belize). FSCS and CySEC ICF are inapplicable because the FCA/CySEC entities do not serve retail. Partial substitute: Financial Commission (FinaCom) membership with a Compensation Fund of up to €20,000 per client — but it ONLY covers FinaCom dispute judgments the broker refuses to honor, NOT insolvency and not trading losses
Stated retail loss %: No percentage published on the global (offshore-entity) site — footer carries only a generic warning that 'traders likely to incur losses exceeding the potential for profits'. BrokerChooser displays '74-89% of retail CFD accounts lose money' against Exness (Jun 2026), but that figure does not appear on exness.com itself

Reputation

Trustpilot: 4.7 / 5 ('Excellent') from 29,964 reviews — 89% 5-star, 6% 1-star; ~9,955 reviews in last 12 months; company replies to 92% of negative reviews (viewed 11 Jul 2026) (Trustpilot)

Regulatory actions / fines

India: listed on the RBI Alert List of unauthorised forex trading platforms (entry #6, confirmed on the list as updated 19 Nov 2025) — verified directly on rbi.org.in
India: stopped onboarding all new Indian clients on 11 July 2025 with no official explanation; TradeInformer reported existing Indian clients being migrated from the Seychelles entity to a Vanuatu entity
Philippines: SEC advisory dated 8 January 2026 — Exness Global Limited/Exness Global-Trading App 'not authorized to solicit investments from the public'; promoters/agents face criminal liability
Withdrew from EU/UK retail business years ago — Exness (UK) Ltd (FCA 730729) and Exness (Cy) Ltd (CySEC 178/12) retain licenses but serve no retail clients; all retail routed to offshore entities
No monetary fines from FCA, CySEC, or FSCA against Exness entities were found in this research (absence of evidence, not a verified clean record)

Noted issues

Recurring Trustpilot 1-star theme: withdrawals delayed/frozen under prolonged 'account review' with repeated document requests (Trustpilot AI summary flags 'significant difficulties and delays' on payments)
ForexPeaceArmy complaint themes: accounts blocked with balances confiscated citing 'suspicious activity'/ToS breaches; slippage and execution complaints; disputes over deposits not credited
Structural: retail clients get offshore (Seychelles/Curaçao/BVI/Belize) protections only — no statutory compensation scheme, lighter recourse than FCA/ASIC/CySEC retail brokers
Discontinued its copy trading service entirely in H1 2026, force-closing remaining positions on 25 June 2026

Sources

Every figure above is drawn from these sources, retrieved as of the dates shown.

Regulated entities, regulators, license numbers, entity websites (2026-07-11)
Entity registration numbers, registered offices, excluded countries, risk warning (site footer) (2026-07-11)
Standard account pricing (spread from 0.2, no commission, 1:Unlimited) (2026-07-11)
Pro/Zero/Raw Spread pricing (commissions 'up to $3.50/side', 'from $0.05/side', spreads from 0.1/0.0) (2026-07-11)
Fees overview, zero withdrawal fees, swap-free scope (2026-07-11)
Deposit/withdrawal fee policy ('we cover third-party costs'; deposit-fee footnote) (2026-07-11)
Negative balance protection, segregated accounts, Stop Out Protection (2026-07-11)
Financial Commission membership; €20,000 compensation fund scope (2026-07-11)
Demo account availability, $10k default balance, 'same conditions as live' claim (2026-07-11)
Execution model (instant vs market execution), public tick history (2026-07-11)
Free VPS offer and specs (2026-07-11)
Platform lineup (MT4/MT5/Exness Terminal/Trade app; TradingView charting) (2026-07-11)
Forex conditions, swap schedule, founded 2008 (2026-07-11)
Crypto CFD conditions (24/7, swap-free, fixed margins) (2026-07-11)
Company history, founder Petr Valov, 2,000+ employees (2026-07-11)
IB revenue share up to 40% of spread revenue (2026-07-11)
CPA payouts by region ($680-$1,850) (2026-07-11)
Trustpilot score 4.7, 29,964 reviews, complaint/praise themes (2026-07-11)
India RBI Alert List — Exness listed (verified on primary register) (2025-11-19)
Philippines SEC advisory against Exness (8 Jan 2026) (2026-01-08)
India onboarding halt (11 Jul 2025) and Vanuatu migration report (2025-07-11)
Measured fees corroboration: Raw EURUSD ~0.0 pips peak, $0 withdrawal, no inactivity fee, conversion mark-up (2026-06-30)
Instrument counts (78 FX web/348 MT5 symbols, 30+6 crypto, ~100 stocks), Trust Score 80/99, demo details (2026-05-27)
Copy trading phase-out timeline (Jan-Jun 2026) (2026-01-15)
Demo expiry (MT5 21 days / MT4 180 days, help-center-derived) (2026-07-11)
Minimum deposits per account type (help-center-derived secondary) (2026-07-11)
Unlimited leverage conditions and equity tiers (help-center-derived secondary) (2026-07-11)
UK FCA retail crypto-derivatives ban still in force 2026 (ETN ban lifted Oct 2025, derivatives ban retained) (2026-07-11)
FCA register entry for Exness (UK) Ltd FRN 730729 (page JS-walled; number cross-checked against Exness regulation page) (2026-07-11)
Restricted countries incl. Australia/Canada (secondary corroboration of footer's 'and others') (2026-07-11)
ForexPeaceArmy review page and complaint threads (account blocks, withdrawal disputes) (2026-07-11)
Market-maker/counterparty dealing model assessment (third-party consensus) (2026-07-11)

Data notes: Exness blocks bot fetches (exness.com and get.exness.help return 403 to fetchers; help center also blocked in browser), so exness.com data was captured via a real browser session while all help-center-only specifics rest on secondary sources quoting it — namely: minimum deposits ($10 Standard / $200 Pro-Raw-Zero), unlimited-leverage equity tiers and conditions, and demo deletion timelines (21 days MT5 / 180 days MT4) — medium confidence. Typical/average EURUSD spreads per account could NOT be verified from the broker (the live spread widget would not render); only broker-published minimums (0.2 Standard / 0.1 Pro / 0.0 Raw & Zero) are primary-verified, with BrokerChooser's Jun-2026 measurement (Raw ≈0.0 pips peak-hours) as the sole measured corroboration. Zero-account per-instrument commission schedule beyond 'from $0.05/side' is unverified. Per-method withdrawal/deposit fee tables live behind the Personal Area login — the '$0, we cover third-party costs' claim is primary but has an explicit footnote allowing deposit fees on unspecified methods. Currency-conversion mark-up size unpublished. FIX/REST API availability: only low-quality affiliate sites claim FIX access; treated as not offered. Australia exclusion is from secondary restricted-country lists (footer says only 'and others'). The reported Vanuatu entity for migrated Indian clients does not appear on exness.com/regulation and is unverified. FCA/CySEC register entries could not be rendered (JS-walled); license numbers come from Exness's own regulation page and footer. Copy-trading phase-out dates are from news coverage, not an Exness press release. demo_pricing_matches_live rests on the broker's own claim plus help-center-derived summaries; no independent demo-vs-live benchmark exists — flag for in-product measurement. HQ (Limassol) and ownership details are from secondary profiles; Exness publishes no single HQ address.

Cost figures reflect each broker's published specifications as of 11 July 2026 and can change; always check the broker's current terms. Most retail investor accounts lose money trading CFDs. PipTax compares costs and is not investment advice. How we research this.