Exness Review

Exness is a forex and CFD broker founded in 2009. It sells leveraged trading on currencies, metals, energies, indices, stock CFDs and crypto CFDs through its own web and mobile platforms and through MetaTrader 4 and MetaTrader 5. Its main strengths are a clean, well-designed trade ticket, deep MetaTrader support, and pricing that gets very tight on the right account. Its main limitations are a narrow product range, thin research and education, a copy trading service that is being closed, and a corporate structure where the strongest licences do not cover most retail accounts.

That last point matters more than any spread or platform feature. Exness operates through a group of companies in different jurisdictions. The entity that holds your account decides your regulator, your available leverage, and the dispute route if something goes wrong.

Exness pros and cons

Pros

• Stop-loss and take-profit levels can be placed and then dragged on the chart both before an order is sent and after the position is open, on the Exness Terminal web platform and in the Exness Trade mobile app.
• The trade ticket sizes risk from a price level, a pip distance, a dollar amount, or a percentage of account equity.
• Charts inside Exness Terminal run on a TradingView engine with 106 indicators, and the mobile app can switch between TradingView and the broker’s own chart library.
• Full MetaTrader 4 and MetaTrader 5 support, including automated trading and a VPS for clients who meet the balance or volume conditions.
• A swap-free (Islamic) option, and no inactivity fee.
• A lowest all-in EUR/USD cost of 0.10 pips.

Cons

• The product catalog is narrow for a multi-asset broker, with no real stock ownership, no ETFs, no futures and no options.
• The proprietary platforms lack OCO orders, trailing stops and depth of market. Those gaps push active traders back to MetaTrader.
• Copy trading is being wound down and no longer accepts new users.
• Research relies mostly on FXStreet headlines and a slice of Trading Central, and written education is limited.
• The FCA and CySEC entities do not take on retail clients, so retail accounts sit with offshore or lower-tier entities.
• Maximum leverage is 1:Unlimited, which creates the possibility of losses that are very large relative to the margin posted.

Key takeaways

• Exness is built for forex and MetaTrader traders who know what they want. It is not built for beginners who need a structured curriculum.
• Your protections depend on the entity that opens your account, not on the broker’s best licence.
• Pricing is tied to the account type, not the platform. The same account costs the same on MT4, MT5 and Exness Terminal.

Who operates Exness

Exness is a privately held group. It is not publicly listed and does not run a bank. Its trading business is spread across several companies, each registered in a different jurisdiction, with ten licence entries in total. Several are worth reading closely because they are easy to misread.

Exness (UK) Ltd holds licence 730729 with the Financial Conduct Authority. This is the group’s only Tier-1 licence.

Exness (Cy) Ltd holds licence 178/12 with the Cyprus Securities and Exchange Commission (CySEC), a Tier-2 regulator. A CySEC licence is the base from which an investment firm can passport services across the European Economic Area under MiFID.

Exness (SC) Ltd appears twice. It holds licence SD025 with the Seychelles Financial Services Authority, and it is also linked to South Africa’s Financial Sector Conduct Authority (FSCA), a Tier-2 regulator.

Exness (VG) Ltd holds licence SIBA/L/20/1133 with the British Virgin Islands Financial Services Commission. Exness (MU) Ltd holds licence GB20025294 with the Mauritius Financial Services Commission. Both are offshore regulators.

Exness (KE) Limited is registered with Kenya’s Capital Markets Authority (Tier-2). Exness (Jordan) Ltd is registered with Jordan’s Securities Commission.

Exness B.V. is registered with the Central Bank of Curaçao and Sint Maarten (CBCS).

Exness Limited, number 21927, is unregulated. An account opened under an unregulated company has no financial regulator supervising the relationship. That is a materially different position from an account under any of the licensed entities above.

Why the top licences may not cover you

The FCA and CySEC entities, the two strongest regulatory relationships in the group, do not currently onboard retail clients. Retail traders are routed to the group’s other entities instead. This routing is also why Exness can offer far higher leverage than UK or EU retail rules allow. UK and EU retail leverage caps apply to firms serving retail clients under those regimes, and an offshore entity is not bound by them.

The trade-off is direct. Higher leverage and looser product rules come with weaker supervision, different capital and client-money rules, and a different complaint route. A UK retail client of an FCA-regulated firm can, in principle, escalate to the Financial Ombudsman Service, and eligible claims may fall under the Financial Services Compensation Scheme. Neither protection follows you to a Seychelles, BVI, Mauritius or Curaçao entity.

Exness is also a member of the Financial Commission, an external dispute resolution organization. Membership gives clients an independent body to take a complaint to. It is a private scheme, not a statutory regulator or a state compensation fund.

Is Exness safe?

Exness is a long-running, licensed broker, not an unregistered operation, and its regulatory record is the best answer to whether it is legitimate. No regulator warnings against it appear on regulator registers. Some points still need confirmation before you deposit. No licence number is given for the FSCA relationship of Exness (SC) Ltd, for Exness (KE) Limited in Kenya, for Exness (Jordan) Ltd or for Exness B.V. in Curaçao, and Exness Limited is unregulated. The entity named in your client agreement and the regulator it cites are what count, so check that entity’s licence number directly with the regulator concerned. Regulators publish their registers, and the FCA register, for example, can be searched by firm reference number.

Safety at Exness is entity-specific, so it helps to break the question into three parts.

Is the company licensed? Yes. The group holds ten licence entries, including an FCA authorization and a CySEC licence, plus Tier-2 relationships in South Africa and Kenya.

Which licence covers my account? For most retail traders it will not be the FCA or CySEC entity. It will likely be one of the offshore or Tier-2 entities, depending on country of residence. The client agreement, such as the Seychelles client agreement, names the contracting entity.

What protections come with that entity? Protections vary by jurisdiction and are generally lighter offshore. If your account would be opened with Exness Limited, the unregulated entity, you are relying on the company’s own policies rather than on a regulator.

The main regulator tiers usually mean the following for a client. These are general features of each regime type, not statements about Exness’s own policies.

Range of markets

Exness is a CFD and forex broker, not an investment platform. Everything it offers is a derivative contract settled in cash. You never own the underlying share, coin or barrel.

The catalog has 78 forex pairs, 30 crypto CFDs plus six crypto cross pairs, ten stock indices, metals and energies, and roughly a hundred stock CFDs. That comes to 239 tradeable symbols on the proprietary web platform and 348 on MT5. The difference between platforms is significant. If a particular instrument matters to you, look for it on the platform you intend to use rather than assuming the two catalogs match.

Forex

For a trader whose main market is currencies, 78 pairs is more than enough. That covers the majors, the crosses, and a broad set of exotics. Exness is a forex-first broker, and that is where its catalog is strongest.

Indices and commodities

The index list covers the benchmarks most retail traders follow: the S&P 500, NASDAQ 100, Dow Jones, DAX, FTSE and Nikkei. Commodities cover gold, silver, oil and other energy products. Agricultural commodities such as wheat, corn or coffee are not offered.

Stocks

Exness offers stocks as CFDs only. The lineup focuses on the most actively traded US and international names. A stock CFD tracks the share price and lets you go long or short with leverage. It carries no voting rights, and any dividend adjustments are cash entries on the account rather than shareholder payments. ETFs are not offered. If you want to own shares, build a long-term portfolio, or hold a deep list of single stocks, Exness is the wrong tool.

Crypto

Crypto is traded as CFDs quoted against the US dollar, plus some crosses against assets such as gold and the yen. You cannot buy, hold or withdraw the actual coins, so there is no wallet custody question and no on-chain transfer. That sets Exness apart from a crypto exchange or an app that lets you send coins to an unhosted wallet. A BTC/USD CFD gives you price exposure with leverage and an overnight financing charge. For buy-and-hold ownership, a dedicated exchange is the relevant product.

Retail traders in the UK cannot trade crypto CFDs with any broker’s UK entity, because of the FCA’s ban on selling crypto derivatives to retail clients. Only clients classified as professional are exempt.

What is missing

There are no tokenized equities, no exchange-traded futures, no options, no bonds and no ETFs. For a trader who wants several asset classes under one login, the gap is real. For a trader who only trades currencies and gold, it may not matter at all.

Accounts and fees

Exness prices trading through the account type you choose. There are five main accounts: Standard Cent, Standard, Pro, Zero and Raw Spread. Some are spread-only and some charge a separate commission. A swap-free variant is available for traders who need it.

Account types

The accounts fall into two families.

Standard and Standard Cent are the entry-level, spread-only accounts. All trading costs are built into the bid-ask spread and no separate commission is charged. A cent account generally shows the balance in cents rather than dollars, so a $10 balance appears as 1,000 cent units, and trade sizes scale down to match. The point of a cent account is to trade live market prices with very small position sizes, usually as a step between a demo account and a full-size live account.

Pro, Raw Spread and Zero form the professional-tier group and carry a higher minimum deposit than the entry accounts. Raw Spread and Zero use a commission model: the spread is kept very narrow and a fee is charged per lot. That commission has been set at $3.5 per side, or $7 per round turn (opening and closing one standard lot). The Zero account is built around higher-volume trading and offers deeper commission discounts at volume. Pro sits alongside the other two as the higher-tier account within the same family.

The minimum deposit is $200. Deposit requirements differ by account type, so the figure that applies to you depends on the account you open.

Exness also offers a professional client classification. Under the regulated regimes, professional status usually means meeting tests on trading experience, portfolio size or professional background, and giving up some retail protections in exchange for fewer restrictions. Exness does not offer fixed spreads or a formal VIP account tier.

Spreads, commissions and the all-in cost

The lowest all-in cost on EUR/USD is 0.10 pips, with no commission. All-in cost combines everything you pay to trade into a single pip figure: the spread, plus any commission converted into pips. It is the fairest way to compare a spread-only account with a commission account, because a commission account always looks cheaper if you compare its raw spread alone.

The conversion is simple for a pair quoted in US dollars, such as EUR/USD. One standard lot is 100,000 units of the base currency, so one pip (0.0001) is worth $10 per lot.

Hypothetical example (for mechanics only). Assume a commission account charges $3.5 per side and quotes a raw EUR/USD spread of 0.2 pips.

• Commission per round turn: $3.5 × 2 = $7 per lot
• Commission in pips: $7 ÷ $10 per pip = 0.7 pips
• All-in cost: 0.2 + 0.7 = 0.9 pips per lot, round trip

Now compare a spread-only account quoting 1.0 pip on the same pair. Its all-in cost is 1.0 pip, because the spread is the whole cost. In this example the commission account is slightly cheaper. If the raw spread widened to 0.4 pips, the all-in cost would be 1.1 pips and the advantage would reverse. Spreads move with market conditions, session and news, so the comparison changes during the trading day.

Two distinctions affect the arithmetic:

• Per side versus round trip. A commission quoted per side is charged on entry and again on exit. A $3.5 per side commission costs $7 for a completed trade, not $3.5.
• Variable spreads. Exness uses variable spreads. A quoted typical spread is not a guarantee, and spreads can widen sharply around rollover, illiquid hours and high-impact data.

For a lot size other than one standard lot, scale linearly. A 0.10 lot trade costs one tenth of the per-lot figures. To find what Exness charges per trade, multiply your lot size by the all-in pip cost and by the pip value of the pair.

Swaps and the swap-free account

Positions held past the daily rollover pay or receive a swap, the overnight financing charge on a leveraged position. On a currency pair, the swap reflects the interest rate difference between the two currencies plus the broker’s markup. That is why a long position can earn a small credit while the short side of the same pair pays a larger debit. Rates differ by instrument and by account. Exness Terminal shows the long and short swap for the instrument inside the trade ticket, with a hover explanation.

The swap-free (Islamic) account is offered for traders who observe Sharia rules on interest. It keeps the trading conditions of the matching commission or spread-only account. Swap-free status removes the overnight interest charge. It does not change the spread, the commission or the leverage.

Non-trading fees

Non-trading costs are low:

• No inactivity fee, so a dormant account does not lose money to maintenance charges.
• No broker-side charge on international wire transfers. Your own bank, any intermediary bank, or a currency conversion can still cost you money.
• No guaranteed stop-loss orders, so there is no GSLO premium. That also means no stop is guaranteed against gaps.

Premier program

The Premier program is Exness’s closest equivalent to an active-trader scheme. Tiers depend on accumulated deposits and quarterly trading volume. The benefits at higher tiers lean toward lifestyle perks rather than direct spread or commission reductions. For a high-volume trader whose main goal is a lower cost per lot, the Zero account’s volume-based commission structure is the more relevant lever.

Leverage and margin

Exness’s maximum leverage is 1:Unlimited. Actual leverage depends on the entity holding your account, your country of residence and the account variant. Regulated retail entities in the UK and EU are capped far below this.

Leverage does not change how much you make or lose for a given price move. It changes how little margin you need to open a position, and therefore how large a position your equity can support.

Hypothetical example (for mechanics only). Assume $1,000 of equity and one standard lot of EUR/USD at a price of 1.1000. The notional value is 100,000 × 1.1000 = $110,000.

At 1:30 or 1:100 the trade cannot be opened with $1,000. At 1:500 or above it can. Whichever leverage lets the trade through, a 20-pip move against the position costs 20 × $10 = $200, or 20% of equity. A 100-pip move costs the full $1,000. Higher leverage lets you build a position whose normal daily fluctuations are larger than your entire account.

Two account measures decide when positions are closed. Balance is the account value counting only closed trades. Equity is balance plus or minus open profit and loss. Margin calls and stop-outs are triggered by equity relative to used margin, not by balance. With very high or unlimited leverage, used margin can be tiny. The equity cushion then becomes the only thing between an open position and a forced close. In fast markets, a stop-out happens at the next available price, which can be worse than the level that triggered it. Unlimited leverage carries an outsized risk of catastrophic loss, and it is the account setting most likely to turn a normal losing trade into a wiped-out account.

Leverage on individual instruments such as crypto CFDs can differ from the account maximum. Leverage on Bitcoin CFDs is typically far lower than on major currency pairs. Changing account leverage is done from the client area, within the limits set for your entity and instrument.

Deposits and withdrawals

Exness supports:

Crypto funding works through the wallet section of the client portal. This is a way to move money in and out of a trading account. It is separate from trading crypto, which is CFD-only.

Withdrawals are available. With any broker, withdrawals usually go back through the same method used to deposit, and identity verification has to be complete first. Exness does not charge a broker-side wire fee, but third-party bank and conversion charges can still apply.

Trading platforms

Exness offers three routes to the market: Exness Terminal, its proprietary web platform; Exness Trade, its mobile app; and MetaTrader 4 and MetaTrader 5. A Windows desktop route is also available. Pricing depends on the account, not the platform, so a Raw Spread account costs the same whether you trade it through Terminal or MT5.

Exness Terminal

Exness Terminal is a responsive, modular web platform built around a TradingView chart engine. Its strongest feature is how it handles protective orders. You can attach a stop-loss and take-profit before the order is sent, then drag each level to a new price directly on the chart. You can do the same after the position is open. Many platforms only allow drag-to-modify on open positions. Exness allows it at both stages.

Charting. Charts carry 106 technical indicators, and indicator setups can be saved as layouts that reload across devices. Fifteen timeframes are available by default, from one minute up to a yearly interval. You can also define custom intervals above one minute. Sub-minute charts are not available, which reflects the TradingView tier in use rather than an Exness decision. Studies such as the Relative Strength Index, moving averages and Bollinger Bands are part of the standard library.

Trade ticket. The ticket accepts risk in four forms: a price, a pip distance, a dollar amount, or a percentage of account equity. Change one input and the resulting price level, pip distance and potential profit update immediately. The equity-percentage option is uncommon and useful for traders who size every position as a fixed fraction of the account. Invalid inputs turn red, and the maximum permitted value is shown inline.

Close All. One button closes every open position. Filters let you close only winners, only losers, only buys or only sells. It is not an order type, but it works like one for traders who manage several positions at once.

Gaps. Terminal has no OCO orders, no trailing stops, no depth of market and no risk-reward readout in the ticket. It also lacks backtesting, algorithmic trading and a trading journal. MetaTrader covers most of these.

Layout. Terminal works best full screen or at a narrow mobile-style width. In between, a compressed layout can feel cluttered. Exness’s website also increasingly routes users through the client portal. That makes the account side simpler but makes browsing general content less direct.

Performance section. The client portal includes a basic performance summary: lifetime return and the count of profitable versus unprofitable trades. It does not provide detailed risk or reward metrics. Traders who want proper trade analytics will need their own journal or a MetaTrader add-on.

MetaTrader 4 and MetaTrader 5

Exness’s MetaTrader offering is its strongest asset for experienced traders. Both MT4 and MT5 are available. If you download them from Exness, they come branded with the Exness name. If you download them from the developer, they come unbranded, and you connect by entering the Exness server and your credentials manually. Exness login details for MetaTrader are the trading account number, password and server shown in the client area, which are separate from the client portal login.

The main reasons to use MetaTrader at Exness rather than Terminal:

• Wider catalog. MT5 carries 348 symbols against 239 on Terminal.
• More order types. Trailing stops are available through MT4 and MT5.
• Automation. Expert Advisors (trading robots), custom indicators and the strategy tester for backtesting all run on MetaTrader.
• Tooling. The MetaTrader ecosystem offers a large library of third-party indicators, scripts and journal plug-ins.

MT4 is the older platform and remains popular for its huge library of Expert Advisors and indicators. MT5 adds more timeframes, a built-in economic calendar, more pending order types and a multi-threaded strategy tester. At Exness it also gives access to the larger symbol list.

Order types

A stop order becomes a market order once its trigger price is touched. The fill price can differ from the trigger price when the market gaps or moves fast. Because Exness offers no guaranteed stops, every stop-loss carries that slippage risk.

Automated trading, VPS and API

Algorithmic trading through MetaTrader is supported, and Exness provides a virtual private server for clients who qualify. The VPS conditions are either a $2,000 account balance, or a $500 balance together with $1.5 million in trading volume. A VPS keeps an Expert Advisor running around the clock on a server close to the broker, without depending on your own computer and connection. Offering a VPS points to bots being permitted on MetaTrader. Individual strategies still have to comply with the client agreement.

There is no retail API. Exness’s API access is reserved for partners. Traders who want to connect their own code directly to the broker have to work through MetaTrader’s MQL environment instead.

Mobile app

The Exness Trade app, on iOS and Android, sits well above the average forex broker app on day-to-day trade handling.

Placing a trade takes three taps: open the market, choose buy or sell, and confirm. As on Terminal, stop-loss and take-profit levels can be dragged on the chart before the order is placed. That is rare in a mobile app. The order ticket defaults to a compact view, so the chart stays visible while you set levels.

Risk calculator. The trade ticket includes a calculator that turns a risk amount, in dollars or as a percentage of equity, into a position size. The underlying formula works the same anywhere.

Hypothetical example (for mechanics only). Assume you want to risk $50 on a EUR/USD trade with a 25-pip stop, and one standard lot is worth $10 per pip.

• Position size = risk ÷ (stop distance × pip value per lot)
• $50 ÷ (25 × $10) = 0.20 lots

If the stop is widened to 50 pips with the same $50 risk, the size halves to 0.10 lots. Instruments such as gold have different contract sizes and pip values, so the same dollar risk produces a different lot size. Our position size calculator applies the same method to other pairs and account currencies.

Navigation. A bottom bar with Accounts, Trade, Insights, Performance and Profile keeps the app uncluttered. The search bar doubles as a light screener: typing a currency code lists the matching pairs sorted by daily percentage change.

Charting. The app offers two chart libraries, Exness’s native charts and TradingView, and you can switch between them inside the app. The native library has about 100 indicators, and the two combined offer close to 200. There are twelve timeframes. Sub-minute intervals are missing, and the intraday options above one hour stop at H1, H2 and H4. Watchlists and favorites sync across devices. Trendlines drawn on the chart do not.

Watchlists. Beyond a single favorites list, you cannot build custom watchlists. Instead you get ten predefined category lists and two dynamic lists, Top Movers and Most Traded. Customizable screeners are not available.

Other tools. Price alerts and an economic calendar are built in. Trading Central signals appear on the charts. Switching between demo and live accounts takes one tap. Complex orders such as OCO and trailing stops are not available in the app, so the MT4 and MT5 mobile apps are the fallback for those. Generative AI tools are not part of the app.

Research

Exness’s research is functional rather than deep. It rests on two outside providers.

FXStreet news. The mobile Insights tab and a market news section in the client portal stream FXStreet headlines covering macroeconomic and fundamental updates across major and emerging market currencies. On mobile, some articles display as dense blocks of text without paragraph breaks.

Trading Central. This is the most useful part of the research offering. Inside Terminal, support and resistance pivots are plotted directly on the chart with an arrow showing intraday bias. Clicking the arrow opens the full analysis. Signals cover forex, crypto, stocks, indices and commodities, with target prices and pivot levels. Exness carries an integrated slice of Trading Central rather than the full suite, but it is woven into both charts and watchlists.

Economic calendar. The client portal calendar shows actual, forecast and previous values with a history bar chart, and filters by event importance and country. The calendar inside Terminal is the leaner Trading Central version.

Video and live content. Exness’s YouTube channel hosts the weekly Trading Talks podcast and the Born To Trade series. A live market analysis stream runs about once or twice a week.

Not offered: Autochartist, Acuity, TipRanks, client sentiment data, earnings calendars, macro research reports and financial statement data. Brokers that lead on research publish several analysis pieces a day across asset classes. Exness’s weekly rhythm is well short of that.

Education

Exness’s education offering is thin and has shrunk. Written content has largely been folded into the client portal, where it reads more like support material and contract specifications than a learning path. Most educational effort now goes into YouTube.

Video. The YouTube channel is organized into playlists, with beginner and advanced material plus the two podcast series. Regional and language-specific channels run alongside the main English one. Webinars are offered. The analysts presenting have market experience, but the volume is moderate and there is no written curriculum alongside it.

Tools and help. A currency converter, a risk calculator and a Help Center sit in the client portal. Dedicated platform tutorials are few. There are no structured courses, no quizzes and no progress tracking.

In-context learning. This is the bright spot. The trade ticket carries hover definitions for swap long, swap short, stop-loss and take-profit, and it flags invalid values with the permitted maximum shown inline. Instrument pages are sparse, showing the symbol and underlying pair but no contract specifications or trading hours.

For a self-directed trader who wants to check a topic, this is workable. For someone starting from zero, it is not a curriculum. A demo account or a paper trading simulator is a lower-cost way to learn order mechanics before trading live.

Copy trading

Exness’s copy trading service is being phased out and no longer accepts new users. Anyone choosing Exness to follow other traders’ strategies should treat the feature as unavailable. Brokers that still run copy trading, either in-house or through third-party social platforms, are covered in our reviews of Vantage and XM. On the MetaTrader side, automated strategies remain available through Expert Advisors, which is a different model: you run the code yourself rather than mirroring a person.

Who Exness may suit

MetaTrader-first forex traders. The MT4 and MT5 offering, the VPS, and the wider MT5 catalog are the core of what Exness does well. A trader who already runs Expert Advisors or a MetaTrader workflow loses little by the gaps in Exness’s own platforms.

Discretionary traders who size by risk. The ability to enter risk as a percentage of equity or a dollar amount, combined with on-chart drag-to-modify on web and mobile, supports a disciplined, risk-first workflow.

Cost-conscious traders on the right account. The commission accounts and the low all-in cost on EUR/USD favor traders who place many trades, as long as they compare all-in cost rather than raw spread.

Traders who need swap-free trading. The Islamic option keeps the same trading conditions as the matching account.

Exness fits less well for:

• Multi-asset investors who want real shares, ETFs, futures or options.
• Beginners who need structured education.
• Social traders who planned to use copy trading.
• Traders who want strong-regime retail protection, since UK and EU-style retail safeguards are not what most clients receive.

How we checked Exness

On 13 November 2026 we opened exness.com from Tallinn, Estonia. The address forwarded us straight to www.exness.org, a page titled “Exness | Trusted Global Partner in Financial Trading and Technology”. We scrolled down to the footer, then clicked “Read more” under the section “Redefining finance through transparency and innovation”. That link brought up a holding page instead of company information. On a phone, the same redirect happened.

The pages we opened were light on substance. None named a legal entity. We found no licence or registration number, no regulator statement and no risk warning. They also gave us no spreads, commissions or account rules to record, so the cost figures elsewhere in this review are not ones we confirmed on that visit. We did not reach a sign-up or checkout step, and we cannot say what it asks for first.

The registers were more informative. On the FCA Financial Services Register, Exness (UK) Ltd, number 730729, shows as Authorised since 01/09/2016, with www.exness.uk listed as its website. Companies House lists EXNESS (UK) LTD, company number 08861481, as Active, incorporated 27 January 2014, at 107 Cheapside, London. CySEC’s list of Cypriot Investment Firms, dated as of 04 May 2026, includes Exness (Cy) Ltd with licence 178/12, licensed 05/09/2012. FSA Seychelles lists Exness (SC) Ltd as a securities dealer. Its public list shows no licence numbers, though, so we could not match SD025. The FSC Mauritius Register of Licensees shows Exness (MU) Ltd, licensed 07/12/2020, as an Investment Dealer (Full Service Dealer excluding Underwriting). We found that record by searching the name, not the number GB20025294. South Africa’s FSCA register was down for maintenance that day, so we could not complete the check for Exness (SC) Ltd there.

We read the Trustpilot page on 13 November 2026. It showed 4.7/5 from 34,140 reviews, and the company had replied to none of the 8 newest. The Wayback Machine’s first capture of exness.com dates from 2002-09-27. That may predate the current brand. We could not tie any client agreement to a specific entity, and the FSCA relationship remains unconfirmed.

Final thoughts

Exness is a credible choice for an experienced forex or MetaTrader trader who knows what they want. Its trade ticket and on-chart order handling are among the more refined in the retail space, its MetaTrader support is broad, and its non-trading costs are low. Its weaknesses are just as clear: a narrow catalog, research that leans on two outside feeds, education that has thinned out, and copy trading on the way out.

The decision that matters most comes before any of that: which Exness entity will hold your account. The brand’s FCA and CySEC licences do not extend to most retail clients, and leverage up to 1:Unlimited is available precisely because accounts sit with entities outside the strictest retail regimes. Confirm the contracting entity in the client agreement, and choose leverage for what your equity can absorb rather than the maximum the account allows.