Exness review guide: how to know your broker is trusted and also good
By Paul Reid
Choosing the right CFD broker is one of the most important decisions a trader can make. A trustworthy broker provides fair trading conditions, fast and reliable withdrawals, and a secure environment in which to explore the markets. A bad broker might lock up your funds, ignore your messages, and even vanish overnight.
With so many options available, how can you tell whether a broker is legitimate? In this guide, we’ll break down the key things to look for, and later, we’ll put Exness to the test.
Regulation: The first and most important check
A regulated broker operates under strict financial guidelines, ensuring fair trading practices. Before trusting any broker, check if it's licensed by recognized financial authorities. There are many other regulatory bodies around the world protecting their own regions with standards they feel are most important. If a broker has a regulatory licence, make sure it’s a legitimate claim. Basically, the more regulatory licences a broker has, the safer the choice.
A legitimate broker should display its license numbers on its website as a way to verify them through official regulatory websites. If you can't verify a broker's license, that's a major red flag.
Transparency: A broker should have nothing to hide
A reputable broker has a visible presence. It should have a physical office location, detailed company history, and a leadership team you can verify.
Look for:
- A well-established website with detailed trading conditions
- A presence on LinkedIn, where employees are publicly listed
- Social media accounts with years of activity and real engagement
Scam brokers tend to have websites that lack details about the company. As for offices, every legit broker is listed on Google maps. If a broker doesn’t show at least one office location, they don’t want to be found, and that’s another huge warning sign.
Deposits and withdrawals: Test before you trust
Once you’ve found a broker that checks all the boxes, time to check their trading conditions and transactional efficiency. Before committing large sums of money, see if they offer virtual trading or a risk-free demo account. A demo account lets new clients get to know the trading platform and experiment on live markets without risking capital. If the platform performs reliably, there’s a good chance the broker has a large IT team managing it. A good sign.
If everything looks good, test the broker with a small deposit and withdrawal. A legitimate broker will process the request within the stated timeframe and won’t create unnecessary delays or demand excessive documentation.
Trading conditions: Look for fair spreads and reliable execution
A broker’s trading conditions should be clear, fair, and competitive. Tight spreads, reliable order execution, and a stable trading environment indicate a broker that operates transparently.
Be wary of:
- High, unpredictable spreads that widen drastically in normal market conditions
- Frequent slippage that always seems to work against you
- Requotes and delayed execution that make trading frustrating and unprofitable
The demo account is a great way to see the spread range (difference between the buying and selling price) on assets that interest you.
A serious broker will be upfront about spreads, commissions, and execution speeds. You should also be able to find independent reviews verifying their trading conditions.
Now that we’ve covered the research steps, let’s apply them to Exness and answer the questions traders might be asking: Exness is real or fake? Can Exness be trusted? Is Exness safe?
Regulation and Trustworthiness
Exness is a fully regulated broker, licensed by multiple authorities. Exness publicly displays its license numbers at the bottom of every page on the website, which can be verified directly on the regulators’ websites.
Exness operates through several entities, each regulated by different financial authorities. Every nation protects its citizens by tailoring requirements for brokers. Exness understands this and follows appropriate rules no matter where they are. Below is an overview of some of the licenses and regulations that Exness entities hold.
Exness (SC) Ltd
Registered as a Securities Dealer in Seychelles with registration number 8423606-1.
Regulated by the Financial Services Authority (FSA) under license number SD025.
Exness B.V.
Registered as a Securities Intermediary in Curaçao with registration number 148698(0).
Regulated by the Central Bank of Curaçao and Sint Maarten (CBCS) under license number 0003LSI.
Exness (VG) Ltd
Registered in the British Virgin Islands with registration number 2032226.
Authorized by the Financial Services Commission (FSC) under license number SIBA/L/20/1133.
Exness ZA (PTY) Ltd
Registered in South Africa with registration number 2020/234138/07.
Regulated by the Financial Sector Conduct Authority (FSCA) under FSP number 51024.
Exness (KE) Ltd
Registered in Kenya with registration number PVT-LRUDJJB.
Regulated by the Capital Markets Authority (CMA) as a Non-dealing Online Forex Broker under license number 162.
Exness (Cyprus) Ltd
Regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 178/12.
Exness UK Ltd
Regulated by the Financial Conduct Authority (FCA) in the United Kingdom under license number 730729.
Note: Exness CY (EU) and UK does not offer services to standard retail clients.
Each of these regulatory bodies imposes certain rules and standards that Exness must comply with, such as client fund protection, financial reporting, and fair trading practices.
Transparency and reputation
Exness operates with a strong company presence, with over 2,000 employees listed on LinkedIn and physical offices in multiple locations including Cyprus, South Africa, the Seychelles and many other smaller satellite offices around the world.
Exness maintains a visible online presence with multiple social media channels where it updates clients on financial events, news, market moves, and company initiatives, regularly engaging with its community through social media, industry events, and market analysis.
Exness deposits and withdrawals
One of the biggest benefits for traders is easy fund withdrawals. Exness processes 98% of withdrawals instantly, meaning traders can access their money without delays or hidden fees. Because of the efficiency is how we process requests, transactions typically take less than a minute. This is a rare feature in the industry and a strong indicator of financial transparency. To test this, simply make a small deposit (starting from $10, depending on the payment method and country of origin) then make a withdrawal. You’ll understand why Exness traders enjoy the rapid withdrawal feature in seconds.
Trading conditions
Aside from the user-friendly trading platform (desktop, mobile, or web), asset pricing and order execution will become more and more important to you as your skills grow.
Exness is known for offering some of the lowest spreads in the market, including up to 20% lower spreads on gold compared to top-tier competitors. These tight spreads help traders keep more of their profits, reinforcing Exness' commitment to fair pricing. And when you factor in Exness’ flexible leverage options, you can target even the most limited market moves.
The platform also provides fast execution speeds and real-time access to tick history, ensuring that traders can verify price movements.
Conclusion: Is Exness trusted or Not?
After applying the universal broker review techniques, it’s clear that Exness is real, trusted, and safe. Let’s break it down and answer the three questions we started with.
Exness is real or fake? → Exness is a real, regulated, and transparent broker. Can Exness be trusted? → With strict regulatory governance, a strong reputation, and reliable withdrawals, Exness can be trusted. Exness is safe? → Yes. With segregated funds, Exness client protection, sophisticated security measures, and compliance with major financial authorities around the world, Exness ensures trader protection.
If you’re considering a broker, use the steps in this guide to verify its legitimacy. And if Exness meets your criteria, you can test it yourself by opening a account and experiencing the platform firsthand.
Spread reduction refers to spreads in Pro accounts, sampled over the last full trading week of April 2024 vs. the last full trading week of August 2024.
While Exness employs advanced technology to provide reliable execution, slippage may still occur during periods of high market volatility or low liquidity. Execution times are measured from the moment an order is received until it is processed, excluding internet latency or delays caused by third-party providers. Past execution performance does not guarantee future results.
This is not investment advice. Past performance is not an indication of future results. Your capital is at risk, please trade responsibly.
Author:
Paul Reid
Paul Reid is a financial journalist dedicated to uncovering hidden fundamental connections that can give traders an advantage. Focusing primarily on the stock market, Paul's instincts for identifying major company shifts is well established from following the financial markets for over a decade.