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Exness Trade -

Score

1.22 /10
Danger

Exness Trade

Vanuatu

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://ex-nesstrade.live/fxtrade/index-2.html

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Business Index4.76

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Software Index4.00

License Index0.00

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Warning: Low score, please stay away! 3
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The VanuatuVFSC regulation (license number: 700546) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Exness Trade · Company summary
Exness Trade Review Summary
Founded2023-09-27
Registered Country/RegionVanuatu
RegulationSuspicious Clone
Market InstrumentsForex/Indices/Shares/Crypto/Metals
Demo Account✅
LeverageUp to 1:500
SpreadAs low as 0.3 pips
Trading PlatformAllpips(iOS/Linux/Laptop/PC/Android/Web)/MT4(iOS/Laptop/PC/Android)
Min Deposit300 USD/EUR
Customer SupportEmail: info@ex-nesstrade.com
Live Chat

Exness Trade Information

Exness Trade Trade is a unregulated broker registered in Vanuatu. The broker offers various tradable instruments with a maximum leverage of 1:500 including FX pairs, indices, metals, crypto, and shares. The broker also provides demo accounts and 7 live account types. The minimum spread is as low as 0.3 pips and the minimum deposit is 300 USD/EUR. Exness is still risky due to its Suspicious Clone status.

Exness Trade Information

Pros and Cons

Pros Cons
MT4 availableSuspicious Clone
Leverage up to 1:500Unspecific account and withdrawal information
Spread as low as 0.3 pipsNo 24/7 customer support
Demo account available

Is Exness Trade Legit?

The Suspicious Clone status of Exness is risky, even though it is regulated by the Vanuatu Financial Services Commission(VFSC). However, The Suspicious Clone status is less safe than a regulated one.

Is Exness Trade Legit?
Is Exness Trade Legit?

What Can I Trade on Exness Trade?

Exness Trade offers a wide range of market instruments, including FX pairs, indices, metals, crypto, and shares.

Tradable Instruments Supported
Forex✔
Indices✔
Shares✔
Crypto✔
Metals✔
Shares❌
ETFs❌
Bonds❌
Mutual Funds❌
What Can I Trade on Exness Trade?

Account Type

Exness Trade has 7 live account types with different first deposits and typical spreads. However, due to the official website being inaccessible, there only list 4 types: Flat, Crypto, Cent, and Standard. Traders who want a low spread and low first deposit can choose a flat account, while those with a sufficient budget can open a standard account. In addition, the demo account are predominantly used for familiarizing traders with the trading platform and for educational purposes only.

Account Type FlatCryptoCentStandard
First Deposit300 USD/EUR400 USD500 USD/EUR1000 USD/EUR
Typical Spreads0.040.042.01.2
Min. Volume Lots0.010.010.010.01
Max. Leverage1:5001:5001:5001:500

Exness Fees

The typical spreads are from 0.04 pips but the broker also claims the spread as low as 0.3 pips. While the lower the spread, the faster the liquidity.

Leverage

The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.

Trading Platform

Exness Trade cooperates with the authoritative MT4 trading platform available in iOS, Linux, Laptop, PC, Android, and Web. The broker also supports trading through AllpipsiOS, Laptop, PC, and Android versions.

Trading PlatformSupported Available Devices
Allpips✔iOS/Linux/Laptop/PC/Android/Web
MT4✔iOS/Laptop/PC/Android
Trading Platform
Trading Platform

Deposit and Withdrawal

The minimum deposit is 300 USD/EUR. Exness accepts VISA, MasterCard, tether, bitcoin, and Ethereum for deposit and withdrawal

Deposit and Withdrawal

Copy Trading

Exness Trade also offers copy trading in over 200+ countries.

Copy Trading

User Reviews

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Antonio Rossi Y
more than one year
I had some issues when I tried to take my money using MasterCard. Lums helped me talk to them and I was able to get my money. Very thankful! 👍👍👍
I had some issues when I tried to take my money using MasterCard. Lums helped me talk to them and I was able to get my money. Very thankful! 👍👍👍
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2024-08-07 11:32
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.74778
more than one year
Using Exness Trade for several months and everything was going well until unexpectedly, they issued a notice about suspending my account. They cut off my funding source and disallowed me from trading. I had even set up a trade that would have brought in more money for me but they required me to close it down for the duration of their investigation.
Using Exness Trade for several months and everything was going well until unexpectedly, they issued a notice about suspending my account. They cut off my funding source and disallowed me from trading. I had even set up a trade that would have brought in more money for me but they required me to close it down for the duration of their investigation.
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2024-02-29 13:33
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