If you use Exness, you should also use Taritali or MoneyCharger.
Regarding the overseas Forex company Exness,
While using an Exness overseas account, I also use the cashback site Taritali. Currently, there is also Manetcha, so you can use whichever you prefer. I am using it in 2024 as well.
April 13, 2024: Site update review; significant changes have been made to Exness’s UI and mobile app.
March 15, 2023: Increased deposits and withdrawals using USDC TRC-20.
March 11, 2023: A rebate system was introduced for partner accounts.
February 21, 2023: Increased deposits and withdrawals using USDT TRC-20.
We continue to bring you the latest information, with Exness as our main platform in 2023.
Updates regarding Exness Premier (gifts) were made in 2023.
Operating company: Exness (SC) Ltd (formerly Nymstar Limited) Company address: 9A CT House, 2nd floor, Providence, Mahe, Seychelles Phone number/email address: (+248) 4346767 / support@exness.com There are about eight financial licenses, but for Japanese clients, it is Seychelles (Financial Services Authority of Seychelles (FSA), Cyprus Securities and Exchange Commission (CySEC), etc.) *1 Customer assets are not managed separately and there is no trust protection. SNS: “Exness Japan @ExnessJ”
List of financial licenses of the Exness Group:
Exness is a globally operating company that was established in 2008. Services were provided to Japan in 2020, making it quite a well-established company.
Financial Services Authority of Seychelles (FSA) license number “SD025”, Central Bank of Curaçao and Sint Maarten (CBCS) license number “0003LSI”, Financial Services Commission of the British Virgin Islands (FSC) registration number “2032226”, and Investment Business License number “SIBA/L/20/1133” from the Financial Services Commission of Mauritius (FSC) registration number “176967”.
License number “GB20025294” from the Financial Sector Conduct Authority (FSCA) of South Africa as a Financial Services Provider (FSP) with FSP number “51024”, Cyprus Securities and Exchange Commission (CySEC) license number “178/12”, and Financial Conduct Authority (FCA) registration number “730729” for financial services in the UK.
Kenya Capital Markets Authority (CMA) license number “162”.
Exness Group does not provide services to residents of certain countries or jurisdictions, including the United States.
The Exness Group holds a total of eight licenses across its operations. Some licenses, such as those from CySEC and FCA, are particularly difficult to acquire, indicating the scale and trustworthiness of the company. Possession of these two licenses alone significantly enhances credibility.
- Exness is suitable for the following types of users, with specific benefits explained:
- Here are the specific drawbacks (cons) of using Exness:
- Here is the translation of the information about Exness account types for the year 2024:
- Exness (2024): Latest Deposit and Withdrawal Methods
- About Exness Premier
Exness is suitable for the following types of users, with specific benefits explained:
1.First-time users of overseas Forex companies: Exness stands out due to its extensive deposit and withdrawal options, ensuring high security and minimizing risks such as withdrawal refusals. Its long-standing presence and large user base contribute to a wealth of available information, making it a trusted choice among many.
2.Those starting with low capital: One of the significant advantages of Exness is its ability to accommodate traders starting with low capital. In addition to this, it offers unlimited leverage and a 0% stop-out level, which are unique features not commonly found with other companies. This enables high-leverage trading, making it a recommendable option even for beginners.
3.People who do not use bonuses: Exness does not currently offer any bonuses, requiring all trading to be conducted with self-funding. While some other overseas Forex companies provide deposit bonuses, Exness does not, making it suitable for individuals who prefer trading solely with their own funds. Those interested in utilizing bonuses should consider alternative companies that offer such incentives.
These points highlight Exness as a dependable choice for various trading preferences and levels of experience in the Forex market.
Here are the benefits of Exness summarized:
1.High Leverage (Unlimited on certain accounts with conditions): Exness offers high leverage options, including accounts with unlimited leverage under specific conditions.
2.Support for MT4 and MT5: Traders can choose between MetaTrader 4 and MetaTrader 5 platforms, providing flexibility in trading strategies.
3.Accessibility with Low Capital: It’s advantageous for traders starting with low capital, maximizing benefits of offshore accounts.
4.Zero Stop-Out Level: All accounts feature a 0% stop-out level, employing a zero-cut policy to manage risk effectively.
5.Competitive and Stable Spreads: Exness provides cost-effective and stable spreads, although some fluctuations may occur, notably in pairs like USD/JPY.
6.Various Deposit Methods: While offering diverse deposit options, Exness primarily focuses on domestic bank transfers and Bitwallet withdrawals.
7.User-Friendly Interface: The platform’s dashboard is intuitive and straightforward, with ongoing improvements for mobile versions throughout 2023.
8.Swap-Free Accounts Available: These accounts alleviate concerns about overnight positions, making them suitable for traders with specific religious or trading preferences.
If you have any further questions or need more details on any of these points, feel free to ask!
To qualify for unlimited leverage on Exness, there are specific requirements:
- Initially, leverage starts at up to 2000:1.
- Unlimited leverage becomes available after meeting these conditions:
- Conducting at least 10 trades (orders) on each active trading account.
- Closing at least 5 lots of trading volume on each active trading account.
- Additionally, it’s important to consider that leverage can vary based on the amount of margin available, so it’s crucial to carefully consider this aspect.
Please keep in mind:
- Effective margin should be less than USD 1,000.
- At least 10 positions (excluding pending orders) and 5 lots closed on all primary trading accounts in the Personal Area.
These conditions ensure that traders progressively build their trading experience and maintain sufficient activity to access the benefits of unlimited leverage. If you have more questions or need further details, feel free to ask!
Leverage Levels on Exness:
- USD 0 – 999: Unlimited leverage.
- USD 1,000 – 4,999: Up to 2000:1 leverage.
- USD 5,000 – 29,999: Up to 1000:1 leverage.
- USD 30,000 and above: Up to 500:1 leverage.
Important Considerations:
- News Trading Margin Requirement: For new positions in forex financial instruments affected by significant economic news, the required margin is calculated at a maximum leverage of 1:200, starting 15 minutes before and ending 5 minutes after the news release.
- Weekend Leverage Rule: All forex trading conducted over weekends is subject to a maximum leverage of 1:200. This rule also applies during certain market holidays, with adjustments communicated via email if margin requirements change.
These rules ensure that traders are aware of varying leverage conditions based on account size and the impact of economic events, helping to manage risk effectively. If you have any further questions or need more details, feel free to ask!
Here are the specific drawbacks (cons) of using Exness:
Not Suitable for Wealthy Individuals (Low Leverage Preferences): Exness may not be ideal for individuals with ample capital who prefer not to utilize high leverage. While Exness offers high leverage as a feature, those with substantial funds might find better alternatives with lower spreads, more stable leverage conditions, and potentially bonus incentives at other brokers.
Not Ideal for Medium to Long-term Trading: Exness is primarily tailored towards short-term trading. If you engage in medium to long-term trading, other brokerage firms may offer more suitable conditions. Additionally, Exness does not particularly excel in offering advantageous swap rates, so comparing with other brokers is advisable.
Lack of Bonuses: Exness does not provide trading bonuses. This can be a disadvantage for traders who rely on bonuses to enhance profitability or as part of their trading strategy.
Here are the drawbacks (cons) of using Exness:
- Variable Leverage Based on Time of Day or Account Balance: Leverage can change depending on the time of day or the account balance. Traders receive notifications via email or other means beforehand, requiring careful monitoring and adjustment.
- Absence of Bonus Campaigns: Exness does not offer bonus campaigns, which may be a disadvantage for traders who value such promotional incentives.
- Execution Issues at Times: There are occasional issues with order execution, particularly noticeable on mobile devices where execution can feel delayed.
- Occasionally Wide Spreads: There are instances where spreads can widen significantly, which may affect trading conditions unfavorably.
While personally not experiencing major drawbacks, if there are concerns, it’s advisable to thoroughly evaluate Exness accounts and consider using other overseas Forex companies.
Here is the translation of the information about Exness account types for the year 2024:
As of 2023, Exness offers several account types: Standard, Standard Cent, Pro, Low Spread, and Zero accounts. On their website, these are broadly categorized into Standard and Pro accounts. The Standard Cent account is available only on MT4.
Here’s the translated and formatted table for Exness account types:
| Account Type | Standard (MT5, MT4) | Standard Cent (MT4) | Low Spread | Zero | Pro |
|---|---|---|---|---|---|
| Initial Deposit | Depending on payment method | Depending on payment method | $1000 | $1000 | $1000 |
| Spreads | From 0.3 pips | From 0.3 pips | From 0.0 pips | From 0.0 pips | From 0.1 pips |
| Commissions | None | None | Up to $3.50 per lot per side | $0.2 per lot per side | None |
| Maximum Leverage | 1: Unlimited | 1: Unlimited | 1: Unlimited | 1: Unlimited | 1: Unlimited |
| Financial Products | Forex, Precious Metals, Cryptocurrencies, Energies, Stocks, Indices | Forex, Precious Metals | Forex, Precious Metals, Cryptocurrencies, Energies, Stocks, Indices | Forex, Precious Metals, Cryptocurrencies, Energies, Stocks, Indices | Forex, Precious Metals, Cryptocurrencies, Energies, Stocks, Indices |
| Minimum Lot Size | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Maximum Lot Size | 200 (7:00 – 20:59 GMT+0), 20 (21:00 – 6:59 GMT+0) | 200 (7:00 – 20:59 GMT+0), 20 (21:00 – 6:59 GMT+0) | 200 (7:00 – 20:59 GMT+0), 20 (21:00 – 6:59 GMT+0) | 200 (7:00 – 20:59 GMT+0), 20 (21:00 – 6:59 GMT+0) | 200 (7:00 – 20:59 GMT+0), 20 (21:00 – 6:59 GMT+0) |
| Maximum Number of Positions | Unlimited | 1000 | Unlimited | Unlimited | Unlimited |
| Hedged Margin | 0 | 0 | 0 | 0 | 0 |
| Margin Call | 30% | 30% | 30% | 30% | 30% |
| Stop Out | 0% (check specific instruments below) | 0% (check specific instruments below) | 0% (check specific instruments below) | 0% (check specific instruments below) | 0% (check specific instruments below) |
| Order Execution | Market Execution (Forex, Precious Metals, Energies, Stocks, Indices), Instant Execution (Cryptocurrencies) | Market Execution | Market Execution | Market Execution | Immediate Execution (Forex, Precious Metals, Energies, Stocks, Indices), Market Execution (Cryptocurrencies) |
| Swap-Free | Available | Available | Available | Available | Available |
The main differences between Standard and Pro accounts lie in the initial deposit requirement, spread variations, and margin call thresholds. Additionally, it’s important to note that both Low Spread and Zero accounts incur commissions per lot per side.
In my opinion, if your initial deposit is above $1000, I recommend the Pro account. However, considering Exness’s strength in offering unlimited leverage, which requires an initial deposit below $1000, I generally recommend creating a Standard account. This allows leveraging Exness’s high leverage capabilities with a lower initial deposit.
Exness (2024): Latest Deposit and Withdrawal Methods
June 2024 Update: There have been reported issues with bank withdrawals, currently under observation. As of June 19, improvements in bank withdrawals are apparent based on social media updates.
In 2024, I’ve continued to deposit and withdraw through bitwallet, which has been instantaneous. Currently, the available deposit and withdrawal methods are as follows. While I personally only use bitwallet or bank transfers, it seems that the options have expanded considerably. It’s particularly satisfying to see increased accessibility via bank transfers. I look forward to trying out bank-related deposits and withdrawals.
Deposit Methods (Updated as of June 16, 2024)
Currently, there are 12 different deposit methods available.
Withdrawal Methods
Since 2023, more people are using Exness, and it seems that the withdrawal system is becoming even more robust. Personally, I make sure not to use credit cards and keep both deposits and withdrawals to the same account. I feel that separating withdrawals and other transactions might raise suspicions of money laundering.
Deposits and withdrawals are available 24/7 throughout the year. Non-instantaneous transactions are processed within 24 hours from the time of the request.
Exness is not liable for delays in deposit and withdrawal processing due to payment system issues.
When depositing using multiple payment systems or multiple wallets within the same payment system, withdrawals must match the corresponding deposit amounts.
We reserve the right to change the processing times for deposits and withdrawals without prior notice to clients.
Some payment systems may be restricted for clients residing in certain countries.
For withdrawal requests from accounts with no trading history, we reserve the right to investigate, cancel, and/or impose fees or service charges based on the chosen withdrawal method.
Quoted from our website – Important
About Exness Premier
Exness Premier is a loyalty program offered to active Exness Premier members. As you ascend through the tiers, the benefits available become more luxurious. Exness Premier status is determined based on the total lifetime deposits into Exness accounts and quarterly trading volumes.
Exness Premier has three tiers: Preferred, Elite, and Signature.
As a commemoration for becoming an Exness Premier member for the first time, I received an Amazon gift card (worth ¥10,000), which should be confirmed via email. In the fiscal year 2023, I also received a $200 gift.
“If you convert 1 dollar to 100 yen, even Preferred requires a deposit of ¥20,000,000 to rank up.
If you’re a successful trader, I think you’ll quickly reach the trading volume requirements. It’s a feature that makes me very happy.”
| rank | Lifetime deposit amount | Quarterly trading volume |
|---|---|---|
| Preferred | 20,000ドル | 5,000万ドル |
| elite | 50,000ドル | 1億ドル |
| signature | 100,000ドル | 2億ドル |
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