Exness

Exness broker is one of the world's largest forex brokers. It was founded in 2008 under the leadership of Petr Valov and from the start presented itself more as a technology-driven company than a simple financial intermediary. In this overview, we bring together Exness's licenses, trading accounts, platforms and risks based on Teagle data, with special emphasis on the fact that this broker does not work with Iranians.

What kind of broker is Exness?

According to Teagle data, Exness has 18 years of operating history and is registered in Seychelles. Its founder was personally responsible for technical development in the first two years, and the company designed direct technical solutions by listening to traders' problems in chat rooms. Today Exness describes itself as a multi-asset company serving more than one million active traders, and it has built proprietary execution algorithms for high order volumes during major economic news. To learn more about its features, see the article Features of trading with Exness as well.

Exness licenses and credibility

Exness's main strength is its extensive network of licenses. According to Teagle's latest review, this broker holds 10 active licenses:

• UK FCA (No. 730729);
• Cyprus CySEC (No. 178/12);
• South Africa FSCA (No. 51024);
• Capital Markets Authority of Kenya (CMA) (No. 162);
• Jordan Securities Commission (No. 51905);
• Seychelles FSA (No. SD025);
• FSC (No. GB20025294) and FSC (No. 9110312);
• British Virgin Islands FSC (No. SIBA/L/20/1133);
• Central Bank of Curaçao and Sint Maarten (No. 0003LSI).

Note that some of these licenses, such as Seychelles, the Virgin Islands and Curaçao, are offshore and belong to a weaker regulatory tier, and FCA and CySEC protections usually apply only to clients in those jurisdictions. Our guide to broker regulation tiers and the article What are offshore and onshore brokers explain the difference between these levels. Deposit insurance is also listed among this broker's features.

Does Exness serve Iranians?

No. According to Teagle data, Exness does not work with Iranians, and accessing its website from Iran requires changing your IP. Teagle's expert team also explicitly does not recommend this broker for Iranians. Any Iranian user who opens an account despite this restriction should take the risk of account blocking or frozen funds seriously.

Exness trading accounts

Exness offers five account types, all available on MetaTrader 4 and 5, with a minimum order size of 0.01 lot on all of them:

• Standard account: minimum deposit depends on region, no commission, spreads from 0.2 pips and over 120 instruments.
• Cent account: minimum deposit depends on region, no commission, spreads from 0.3 pips and 37 instruments.
• Pro account: minimum deposit $200, no commission and spreads from 0.1 pips; requotes are recorded on this account.
• Zero account: minimum deposit $200, spreads from zero and a commission of $1 per lot.
• RAW account: minimum deposit $200, raw spreads from zero and a commission of $7 per lot.

Maximum leverage in the accounts table is listed at up to 1:400, the stop-out level is 0% and the margin call is between 30% and 60%. The cent account is useful for starting with small capital; to get familiar with this account type, read the article Best brokers for cent accounts .

Exness platforms and services

Trading at Exness is done on MetaTrader 4 and MetaTrader 5. According to Teagle data, this broker places no restrictions on scalping, hedging, news trading or using expert advisors, and offers a demo account with conditions close to the real market. Copy trading and a virtual server are also listed among its additional services; if you trade with bots, the article VPS in forex and its uses will be useful.

Deposits and withdrawals at Exness

The table of Exness payment methods on Teagle is empty. According to the FAQ answers, withdrawals via e-wallets are usually instant or take a few minutes, while bank and card methods may take from a few hours to several business days. Instant, fee-free withdrawals are also listed among this broker's advantages.

Exness rating and risk on Teagle

Exness's final rating on Teagle is 3.91 out of 5, calculated as the average of three sources: Trustpilot 4.7, WikiFX 4.16 and Forex Peace Army 2.86. No reviews from Teagle users have been posted yet. Exness's Teagle Eye risk score is 20 out of 100, in the "low risk" category, mainly due to its numerous licenses and long track record. Follow its weekly position in the lowest-risk brokers ranking ; but remember that a low risk score does not solve the problem of the broker not working with Iranians.

Exness pros and cons

• Pro: 10 active licenses, including FCA and CySEC, and a long track record
• Pro: strong technical infrastructure and instant, fee-free withdrawals
• Pro: competitive trading costs and a cent account
• Con: does not work with Iranians and requires changing your IP
• Con: limited trading instruments and weak educational resources

Who is Exness suitable for?

Exness is built for traders who prioritize fast execution, low costs and instant withdrawals, and who live in a country the broker officially serves. For Iranian users, this broker is not a recommended option. If you are looking for a reputable broker, weigh Exness up in the Exness vs FxPro comparison and check the latest warnings on the risk warning page .

Conclusion

In terms of licensing, technical infrastructure and trading conditions, Exness ranks among the major global brokers, but its policy toward Iran is the biggest obstacle for Iranian users. If you live in a country outside Iran and intend to work with it, start with small capital, make a test withdrawal and carefully review your account conditions before increasing your volume.