Exness is an established and popular online trading platform for South African traders. In this comprehensive review, we'll cover everything you need to know about Exness, including its features, account types, platforms, and more.

Exness Broker 2024: A Comprehensive Review for South African Traders

Top Exness Features

Exness is a prominent online forex broker that offers a variety of trading services to clients worldwide. Here are some of the top features of Exness Broker:

Exness is regulated by multiple reputable authorities, including CySEC, FCA, and FSCA, ensuring a high level of trust and security for clients.
Exness provides access to popular trading platforms, including MetaTrader 4, MetaTrader 5, and a proprietary WebTerminal, catering to different trader preferences.
Exness offers a diverse selection of trading instruments, including forex, cryptocurrencies, indices, commodities, and stocks, giving traders various opportunities.
Exness offers competitive spreads, starting from 0.1 pips for major currency pairs. The spreads vary depending on the account type and market conditions.
Exness charges a mix of spreads and commissions, depending on the account type. Some accounts have zero commissions, while others charge a commission per trade.
The minimum deposit varies depending on the account type, ranging from $1 for a Standard Cent account to $200 for a Zero and Pro account.
Exness uses NDD technology, which ensures speedy trade execution and minimizes the risk of conflicts of interest between the broker and clients.
Exness offers flexible leverage options, allowing traders to trade with up to 1:2000 leverage, depending on the account type and instrument.
Exness provides a variety of account types, including Standard, Pro, and Zero accounts, to accommodate different trading styles and preferences.
Exness provides 24/7 customer support via live chat, email, and phone. Their support team is responsive and knowledgeable, ensuring clients receive the assistance they need.
Exness provides a comprehensive range of educational materials, such as webinars, articles, and video tutorials, to help clients improve their trading skills and knowledge.
Exness supports multiple payment methods, including bank transfers, credit cards, and e-wallets, making it convenient for clients to deposit and withdraw funds.

Types of Exness Accounts

Exness offers five different account types to cater to the needs of various traders. Each account type has specific features and benefits:
  • Purpose:
    Designed for beginners and experienced traders seeking a simple, straightforward trading experience.
  • Features:
    Low minimum deposit, tight spreads starting from 0.3 pips, no commissions, and a wide range of trading instruments.
  • Suitable for:
    Both novice and experienced traders who prefer a simple trading environment without additional complexities.
  • Purpose:
    Ideal for beginners and traders with smaller budgets who want to trade with smaller volumes and lower risks.
  • Features:
    Low minimum deposit, cent-denominated trading, tight spreads starting from 0.3 pips, and no commissions.
  • Suitable for:
    Novice traders, those with smaller budgets, and traders who want to test strategies or Expert Advisors (EAs) with minimal risk.
  • Purpose:
    Suitable for traders who prefer the lowest spreads possible and are willing to pay a commission for each trade.
  • Features:
    Low spreads starting from 0.0 pips, commissions from $3.5 per lot, market execution, and a wide range of trading instruments.
  • Suitable for:
    Experienced traders, scalpers, and algorithmic traders who prioritize tight spreads and fast execution.
  • Purpose:
    Designed for experienced traders seeking the lowest possible spreads combined with a commission-based pricing model.
  • Features:
    Ultra-low spreads starting from 0.0 pips, commissions from $3.5 per lot, market execution, and a wide range of trading instruments.
  • Suitable for:
    Advanced traders, scalpers, and high-frequency traders who focus on tight spreads and fast execution.
  • Purpose:
    Ideal for professional traders who require advanced trading conditions and a more competitive pricing structure.
  • Features:
    Low spreads starting from 0.1 pips, no commissions, market execution, and a wide range of trading instruments.
  • Suitable for:
    Professional traders, experienced day traders, and those who use advanced trading strategies that demand competitive spreads without commission charges.

Exness Trading Platform Comparison

Exness provides four trading platforms for clients to choose from:

How to open an Exness Account

Exness Login

To access your Exness account from different devices, follow these steps for each device:
  • Login Exness from your Smartphone (Android or iOS)

    • Download the Exness app from the Google Play Store or Apple App Store.
    • Open the app and tap on "Login" or "Sign In".
    • Enter your Exness email address and password, then tap "Login" or "Sign In".
    • If you have two-factor authentication enabled, enter the authentication code sent to your phone or email.
    • Once logged in, you can start trading or managing your account.

    Exness Login Apk
  • Login Exness on your PC or laptop (Windows, macOS, or Linux)

    • Open a web browser such as Google Chrome, Mozilla Firefox, or Safari.
    • Go to the Exness website at www.exness.com.
    • Click on "Login" or "Sign In" in the top-right corner of the page.
    • Enter your Exness email address and password, then click "Login" or "Sign In".
    • If you have two-factor authentication enabled, enter the authentication code sent to your phone or email.
    • Once logged in, you can start trading or managing your account.

    Exness PC Login
  • Login Exness on MT4 or MT5 (Windows, macOS, or mobile)

    • Download and install the MetaTrader 4 or MetaTrader 5 platform on your device.
    • Open the MetaTrader application and go to the "File" menu in the top-left corner (for desktop) or the "Settings" menu on mobile.
    • Click on "Login to Trade Account" or "Manage Accounts" on mobile.
    • Enter your Exness account number (found in your Exness Personal Area), trader password, and choose the appropriate server (e.g., Exness-Real or Exness-Demo).
    • Click "Login" or "Sign In" to access your trading account.

    Exness MT4 Login

Exness Sign Up

To register for an Exness account from different devices, follow these steps for each device:
  • Register Exness from your Mobile Device (Android or iOS)

    Download the Exness app from the Google Play Store or Apple App Store.
    Open the app and tap on "Register" or "Sign Up".
    Fill in the required information, such as your email address, password, country of residence, and phone number.
    Accept the terms and conditions and tap "Register" or "Sign Up".
    Check your email for a confirmation link and follow the instructions to complete the registration process.

    Exness Register Apk
  • Sign Up Exness on your PC or laptop (Windows, macOS, or Linux)

    Open a web browser such as Google Chrome, Mozilla Firefox, or Safari.
    Go to the Exness website at www.exness.com.
    Click on "Register" or "Sign Up" in the top-right corner of the page.
    Fill in the required information, such as your email address, password, country of residence, and phone number.
    Accept the terms and conditions and click "Register" or "Sign Up".
    Check your email for a confirmation link and follow the instructions to complete the registration process.

    Exness Register on PC
After successfully registering your account, you might need to complete a KYC (Know Your Customer) process, which may include providing a proof of identity (e.g., passport, driver's license) and proof of address (e.g., utility bill, bank statement). This is done to comply with regulations and prevent fraudulent activities.
Once your account is verified, you can deposit funds and start trading. You can also access your Exness account through MetaTrader 4 or MetaTrader 5 platforms by following the steps mentioned in the previous answer for logging into your Exness account from different devices.

Demo and Real Exness Account

Exness offers both demo and real accounts. A demo account allows you to practice trading with virtual funds, while a real account lets you trade with actual money.

A virtual trading platform that allows users to practice trading without risking real money. It simulates real-market conditions, providing traders with the opportunity to familiarize themselves with the platform's features, develop and test trading strategies, and gain confidence before transitioning to a live trading environment.
A live trading account where traders can execute real trades and manage their investments in various financial markets. With a Real Account, traders have access to Exness's full range of trading tools, resources, and support, enabling them to participate in the financial markets and potentially generate profits from their trading activities.

Regulation & Safety of Funds

Exness is regulated by multiple reputable authorities, including the Financial Services Authority (FSA) of Seychelles and the Cyprus Securities and Exchange Commission (CySEC). This ensures a secure trading environment and the safety of client funds.
  • Financial Conduct Authority (FCA)
  • Cyprus Securities and Exchange Commission (CySEC)
  • Financial Services Authority (FSA)

Safe or Scam? Is Exness Legal?

Exness is a safe and legitimate broker, regulated by reputable authorities. It is legal for South African traders to use Exness for online trading.

Trading Instruments of Exness

Exness offers a wide range of trading instruments, including forex, commodities, indices, cryptocurrencies, and stocks.

Exness provides access to the global foreign exchange market, enabling traders to buy and sell major, minor, and exotic currency pairs. With tight spreads, high leverage, and deep liquidity, traders can benefit from low-cost trading and capitalize on fluctuations in exchange rates.
Traders can invest in precious metals like gold and silver, which are popular safe-haven assets during market turbulence. With competitive pricing, low margin requirements, and flexible contract sizes, Exness makes trading metals accessible and convenient.
Exness offers the opportunity to trade popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple. Traders can benefit from the highly volatile crypto market, with fast execution and competitive spreads, to potentially profit from price swings.
With Exness, traders can access a diverse range of stocks from leading global markets, such as the US, Europe, and Asia. Trading stocks in the form of CFDs (Contract for Difference) allows traders to speculate on price movements without owning the underlying asset, thus benefiting from leverage and short-selling opportunities.
Exness provides access to the energy market, offering trading instruments like crude oil, natural gas, and heating oil. Traders can capitalize on the fluctuating energy prices and benefit from low commissions, flexible contract sizes, and fast execution.
Trading indices allows traders to gain exposure to the performance of an entire stock market or a specific sector. Exness offers popular global indices, including the S&P 500, NASDAQ, FTSE 100, and Nikkei 225, enabling traders to diversify their portfolio and mitigate risks.

Exness Trading Tools

Exness provides various trading tools, such as economic calendars, trading calculators, and technical analysis tools, to help traders make informed decisions.
  • Analytical Tools

    Exness provides advanced analytical tools that help traders make informed decisions based on the latest market trends, technical indicators, and chart patterns. These tools allow for a deeper understanding of market movements, enhancing trading strategies and performance.

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  • Trader's Calculator

    The Trader's Calculator is a valuable resource for determining potential profits, risks, and costs associated with various trades. By inputting parameters such as trade size, leverage, and currency pairs, traders can effectively manage their risk and make better trading decisions.

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  • Economic Calendar

    Exness's Economic Calendar provides real-time updates on major economic events and data releases that can influence the financial markets. By staying informed about these events, traders can anticipate market volatility and plan their trades accordingly.

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  • Currency Converter

    The Currency Converter tool enables traders to quickly and accurately convert one currency into another at current exchange rates. This is especially useful for those trading in multiple currency pairs, helping them to stay on top of fluctuations and manage their portfolio.

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  • Tick History

    Exness's Tick History feature offers traders access to historical price data, enabling them to analyze past market movements and refine their trading strategies. By studying these data, traders can identify trends and patterns to inform their current trading decisions.

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  • VPS Hosting

    Exness offers Virtual Private Server (VPS) hosting, which allows traders to run their trading platforms and automated trading systems on a dedicated server, ensuring faster execution and reduced latency. This service is particularly beneficial for those using Expert Advisors (EAs) and algorithmic trading strategies.

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  • Trading Central WebTV

    Trading Central WebTV is a streaming service that provides real-time financial news, expert analysis, and market insights. By keeping up to date with this valuable information, traders can stay informed about the latest developments and make more informed trading decisions.

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Broker Exness: Pros and Cons

Exness Africa
No proprietary trading platform
Limited product offerings for some regions
Cons
Excellent customer support
Advanced trading platforms
Regulated by reputable authorities
Competitive spreads and fees
Wide range of trading instruments
Multiple account types to suit different trading needs
Pros

Exness Awards

Exness has won multiple industry awards for its excellent trading services, customer support, and innovative trading technology.

Research and Exness Education

Exness offers a variety of educational resources, such as webinars, articles, and video tutorials, to help traders improve their skills and knowledge. They also provide market analysis and research materials to keep clients informed about market trends.

Exness Affiliate Program

Exness offers an attractive affiliate program, allowing partners to earn commissions from clients they refer to the platform. Affiliates receive marketing materials and dedicated support to help them succeed.

Conclusion

Exness is a reliable and reputable broker for South African traders, offering a wide range of account types, trading instruments, and advanced trading platforms. With its competitive fees, excellent customer support, and comprehensive educational resources, Exness is an excellent choice for both beginners and experienced traders.

FAQ

Is Exness available for South African traders?

Yes, Exness is available for South African traders and offers a range of account types and trading instruments tailored to their needs.

What are the minimum deposit requirements for Exness accounts?

The minimum deposit ranges from $1 for a Standard Cent account to $200 for a Zero and Pro account.

Does Exness offer a demo account?

Yes, Exness offers a demo account that allows traders to practice trading with virtual funds before using real money.

Is Exness regulated?

Exness is regulated by multiple reputable authorities, including the FSA of Seychelles and CySEC.

What trading platforms does Exness offer?

Exness offers four trading platforms: WebTrader, Mobile, MT4, and MT5.