Overall, Exness can be summarised as a trustworthy and highly regulated Forex Broker that is very competitive in terms of its trading fees. Exness offers an easy-to-use social copy trading platform with excellent customer support. Exness offers Ivory Coast traders five retail trading accounts: Standard Account, Standard Cent Account, Raw Spread Account, Zero Account, and Pro Account. Exness has a trust score of 97 out of 99.
👨🎓 Order Execution | 4/5 |
💸 Commissions and Fees | 4/5 |
📈 Range of Markets | 2/5 |
📉 Variety of Markets | 4/5 |
⏱️ Withdrawal Speed | 5/5 |
☎️ Customer Support | 5/5 |
📊 Trading Platform | 4/5 |
👨🎓 Education | 4/5 |
🔍 Research | 4/5 |
ℹ️ Regulation | 4/5 |
📱 Mobile Trading | 4/5 |
💯 Trust Score | 97% |
Exness Review – Analysis of Brokers’s Main Features
- Exness Overview
- Exness Detailed Summary
- Exness – Advantages over Competitors
- Who will Benefit from Trading with Exness?
- Exness Safety and Security
- Exness Affiliate Program Features
- Exness Account Types and Features
- Exness Base Account Currencies and Basic Order Types
- Exness – Slippage and Requote Policy
- How to open an Account with Exness
- Exness Trading Platforms
- Which Markets Can You Trade with Exness?
- Exness Fees, Spreads, and Commissions
- Exness Deposits and Withdrawals
- Exness Education and Research
- Exness Customer Support
- Exness VPS Review
- Exness Corporate Social Responsibility
- Exness Trading Signals
- Exness Cashback Rebates Features and Conditions
- Exness Web Traffic Report
- Exness Geographic Reach and Limitations
- Exness vs IC Markets vs FXGT.com – A Comparison
- Exness Alternatives
- Exness Awards and Recognition
- Recommendations according to our in-depth review of Exness
- Exness Customer Reviews
- Pros and Cons of Trading with Admiral Markets
- In Conclusion
- Frequently Asked Questions
Exness Overview
Exness is a well-established Forex Services provider that offers access to Instant withdrawals, Fast, Reliable Execution, multiple trading account options and the MetaTrader trading suit. Exness offers its services to thousands of clients worldwide, offering the the opportunity to trade on Forex, Commodities, and Stocks – to name a few.
Exness is licensed and regulated by leading international governing bodies, including the FSA, CBCS, FSC, and CySEC.
Exness Detailed Summary
Broker | Exness |
🌎Global Offices | South Africa, Cyprus, United Kingdom, Seychelles, Kenya |
📈Local Market Regulator in Ivory Coast | Banking Commission of the West African Economic Monetary Union (WAEMU) |
🚩Foreign Direct Investment in Ivory Coast | 1.4 billion USD (2021) |
💵Foreign Exchange Reserves in Ivory Coast | 2.5 million USD (April 2024) |
🏦Local office in Yamoussoukro | None |
👤Governor of SEC in Ivory Coast | None |
✔️Accepts Ivory Coast Traders? | ✅ Yes |
🔢Year Founded | 2008 |
☎️Ivory Coast Office Contact Number | None |
💻Social Media Platforms | Facebook YouTube |
➡️Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA |
🔍Banking Commission of WAEMU Regulation | None |
🤝Islamic Account | ✅ Yes |
☑️Demo Account | ✅ Yes |
❌Non-expiring Demo | None |
⏲️Demo Duration | 21-days |
🗂️Retail Investor Accounts | 5 |
📖PAMM Accounts | None |
📌 Liquidity Providers | ADS Securities, FXCM PRO, and others |
👥Affiliate Program | ✅ Yes |
👨⚖️Order Execution | Market |
✏️OCO Orders | None |
🖥️One-Click Trading | ✅ Yes |
🛎️Scalping | ✅ Yes |
💡Hedging | ✅ Yes |
🗣️Expert Advisors | ✅ Yes |
🗞️News Trading | ✅ Yes |
📍Trading API | None |
📝Starting spread | 0.0 pips EUR/USD |
💵Minimum Commission per Trade | From $0.1 per side, per lot |
💰Decimal Pricing | 5th decimal pricing after the comma |
📊Margin Call | 60% |
⛔Stop-Out | 0% |
⬇️Minimum Trade Size | 0.01 lots |
⬆️Maximum Trade Size | Unlimited |
💳Crypto trading offered? | ✅ Yes |
✔️Offers a XAF Account? | None |
👤Dedicated Ivory Coast Account Manager? | None |
⬆️Maximum Leverage | Unlimited |
📈Leverage Restrictions? | Yes, according to the account balance |
⬇️Minimum Deposit (XAF) | 6,100 XAF ($10) |
💵Deposit Currencies | All |
☑️Are XAF Deposits Allowed? | ✅ Yes |
ℹ️Active Ivory Coast Trader Stats | Unknown |
✔️Active Exness customers | 365,000+ |
🌎Active Exness customers in Ivory Coast | Unknown |
💸Ivory Coast Daily Forex Turnover | $5 trillion+ (Overall Forex Globally) |
💳Deposit and Withdrawal Options | BinancePay Bitcoin Debit Card Credit Card Internet Banking Skrill Neteller Perfect Money SticPay USD Coin (ERC20) USD Coin (TRC20) Tether (USDT ERC20) Tether (USDT TRC20) WebMoney Mybux Ozow SnapScan |
⏱️Minimum Withdrawal Time | Instant |
⏰Maximum Estimated Withdrawal Time | Up to 72 hours |
💴Instant Deposits and Instant Withdrawals? | ✅ Yes |
📖Segregated Accounts? | ✅ Yes |
📊Segregated Accounts in Ivory Coast? | None |
📈Trading Platforms | MetaTrader 4 MetaTrader 5 Exness Terminal Exness Trader app |
🕰️Trading Platform Time | UTC (Coordinated Universal Time) |
👁️Observe DST Change | ✅ Yes |
⌚DST Change Time zone | UTC |
🚨Tradable Assets | Forex Metals Crypto Energies Indices Stocks |
🗝️Exness USD/XAF Forex Pair? | None |
ℹ️Are local Stocks and CFDs offered? | None |
👥Customer Support Languages | Multilingual |
🤝Copy Trading Support | ✅ Yes |
🕰️Customer Service Hours | 24/7 |
☎️Customer Support in Ivory Coast? | None |
💸Bonuses and Promotions for Traders? | None |
🎓Education for beginners | ✅ Yes |
⚠️Proprietary trading software | ✅ Yes |
💯Most Successful Ivory Coast Trader | Unknown |
🏆Is Exness a safe broker for traders? | ✅ Yes |
🔢Rating for Exness in Ivory Coast | 8/10 |
🔟Trust score for Exness in Ivory Coast | 97% |
Exness – Advantages over Competitors
Exness has the following notable advantages over competitors:
- ✅ Exness presents an extensive selection of 107 currency pairs, allowing Ivory Coast traders to diversify their forex strategies effectively. This broad range of options enables traders to expand their portfolios and minimise risk.
- ✅ Exness is a cost-effective option in the forex market with its competitive commission rates. Ivory Coast traders can enjoy optimal value by keeping their trading costs low and maximising returns.
- ✅ Exness creates a favourable trading environment for Ivory Coast traders by offering zero-spread accounts. This means traders can execute trades without worrying about additional costs, reducing trading expenses and enhancing profitability.
- ✅ Exness caters to novice and professional traders by offering a wide range of trading accounts with different commission structures. This flexibility ensures Ivory Coast traders can choose an account type that aligns with their trading preferences and goals.
- ✅ Ivory Coast traders can leverage the valuable tick data archive maintained by Exness since 2015. This historical data is a foundation for informed trading decisions, enhances trading strategies, and improves overall performance.
Finally, Ivory Coast traders benefit from Exness’ support of over 60 base currencies for account management. This delivers convenience and adaptability to traders from different countries, including Ivory Coast.
Who will Benefit from Trading with Exness?
- ✅ Forex Traders in Ivory Coast: Exness excels in forex trading, with a diverse range of 107 currency pairs. Ivory Coast traders can align their strategies with suitable pairs to optimise their trading outcomes.
- ✅ Scalpers and Short-term Traders: Ivory Coast traders engaged in short-term trading, such as scalping, can benefit from Exness’ competitive trading costs, low commissions, and tight spreads.
- ✅ Traders Seeking High Leverage: Exness provides varying high-leverage options, allowing Ivory Coast traders to implement strategies capitalising on leverage, ranging from 1:2 to unlimited based on jurisdiction and asset.
- ✅ Novices and Professionals: Exness accommodates traders at all stages of their trading journey by offering diverse trading accounts with different commission structures, ensuring a versatile platform for Ivory Coast traders.
- ✅ Algorithmic Traders: Ivory Coast traders utilising automated trading systems can take advantage of Exness’ free VPS service, providing low-latency 24/5 market access without reliance on personal computers.
- ✅ Traders Valuing Customer Support: Exness distinguishes itself with round-the-clock, multilingual customer service, benefiting Ivory Coast traders with dedicated support, particularly new traders navigating the platform and trading processes.
- ✅ Crypto Traders: Ivory Coast traders interested in cryptocurrency trading can leverage Exness’ offering of 34 cryptocurrency pairs, making it an excellent choice in the market.
Exness Safety and Security
Exness Regulations in Ivory Coast
Exness is not currently regulated by the Banking Commission of the West African Economic Monetary Union (WAEMU). However, Exness is well-regulated by several reputable market regulators in other countries, per the table in the following section.
Exness Global Regulations
📝Registered Entity | 🌎Country of Registration | 🔢Registration Number | 📈Regulatory Entity | 📉Tier | 📌License Number/Ref |
📌Nymstar Limited | Seychelles | 8423606-1 | FSA | 3 | SD025 |
🚩Exness B.V. | Saint Maarten | 148698(0) | CBCS | 3 | 0003LSI |
🛎️Exness VG Limited | British Virgin Islands | 2032226 | FSC BVI | 3 | SIBA/L/20/1133 |
⌛Tortelo Limited | Mauritius | 176967 | FSC | 3 | GB20025294 |
🏷️Vlerizo (Pty) Ltd | South Africa | 51024 | FSCA | 2 | FSP 51024 |
➡️Exness (CY) Ltd | Cyprus | HE 293057 | CySEC | 2 | 178/12 |
🖋️Exness (UK) Ltd | United Kingdom | 0886148 | FCA | 1 | FSR 730729 |
🔍Tadenex Limited | Kenya | N/A | CMA | 2 | 162 |
How Exness Protects Ivory Coast Traders and Client Funds
📌Security Measure | ℹ️Information |
🗂️Segregated Accounts | ✅ Yes |
📝Compensation Fund Member | ✅ Yes, Financial Commission |
💸Compensation Amount | €20,000 per client |
🚩SSL Certificate | ✅ Yes |
✔️2FA (Where Applicable) | ✅ Yes, Exness App |
⛔Privacy Policy in Place | ✅ Yes |
🛑Risk Warning Provided | ✅ Yes |
❌Negative Balance Protection | ✅ Yes |
☑️Guaranteed Stop-Loss Orders | ✅ Yes, above 1.2 pips |
Security while Trading
Exness is renowned for its unwavering commitment to the security and transparency of trading operations. Exness undergoes rigorous oversight as a multi-regulated broker, instilling trust and reliability among traders worldwide.
One notable measure that exemplifies Exness’ dedication to transparency is its financial audits conducted by the esteemed ‘Big Four’ accountancy firm, Deloitte. These audits provide an additional layer of financial security and ensure that Exness adheres to high standards of transparency.
Regarding security, Exness employs advanced protocols to safeguard traders’ sensitive data. With these robust security measures, traders can have peace of mind knowing that their information is protected.
When it comes to withdrawals, Exness prioritises the safety of transactional data. Instant withdrawals are facilitated through a range of trusted payment processors, minimizing any potential risks associated with financial transactions.
Furthermore, Exness offers a valuable safety net through negative balance protection. This means traders are protected from losing more than their deposits, especially in highly volatile trading scenarios. This feature serves as a critical safeguard and provides traders with an added layer of security.
Pros and Cons Regulation and Safety of Funds
✅ Pros | ❎ Cons |
Exness is regulated in several regions, including South Africa and Kenya | Only one Tier-1 regulator listed |
There are innovative safety features to ensure a safe trading environment for all traders | Exness is not regulated in the Ivory Coast |
Exness Affiliate Program Features
Competitive Commission Rates: Exness offers competitive commission rates for its affiliates based on the trading volume of the clients you refer. These rates ensure that you are rewarded for your efforts in promoting Exness.
- ✅ Timely Pay-outs: As an Exness affiliate, you can expect timely pay-outs of your earned commissions. Exness values the contributions of its affiliates and ensures prompt payment.
- ✅ Marketing Tools: Exness provides a range of marketing tools to assist you in promoting their services effectively. These tools include promotional banners, landing pages, and tracking links, enabling you to create impactful marketing campaigns.
- ✅ Detailed Reports: You will have access to detailed reports that provide insights into your referrals’ trading activity and the commissions you have earned. These reports allow you to track your performance, analyse the effectiveness of your marketing strategies, and make informed decisions.
- ✅ Dedicated Support: Exness offers dedicated support to its affiliates. If you have any questions or need assistance, contact their affiliate support team, which is ready to provide guidance and support throughout your affiliate journey.
How to open an Affiliate Account with Exness
To register an Affiliate Account, Ivory Coasts can follow these steps:
- ✅ Visit the Exness website and go to the Affiliate section.
- ✅ Click on the “Become an Affiliate” button to redirect you to the registration form.
- ✅ Fill in your personal details, including your full name, email address, and phone number.
- ✅ Review and agree to the terms and conditions of the Exness affiliate program.
- ✅ Click the “Register” or “Submit” button to submit your application.
- ✅ Exness will send you an email to verify your account. Follow the instructions provided in the email to complete the registration process.
- ✅ Once your account is verified, you can log in to your new affiliate account, set up your payment details, and promote Exness.
Exness Account Types and Features
📌Live Account | 💵Minimum Dep. | ⏱️Average Spread | 💸Commissions | ⌛Average Trading Cost |
🥇Standard | 6,100 XAF / $10 | 0.3 pips | None | 10 USD |
🥈Standard Cent | 6,100 XAF / $10 | 0.3 pips | None | 10 USD |
🥉Raw Spread | 303,000 XAF / $500 | 0.0 pips | $3.5 | 7 USD |
🎖️Zero | 303,000 XAF / $500 | 0.0 pips | $0.1 | 7 USD |
🏆Pro | 303,000 XAF / $500 | 0.1 pips | None | 6 USD |
Exness Live Trading Account Details
Standard Account
Ideal for casual traders seeking a straightforward and commission-free trading experience. This basic account caters to a wide range of traders, while spreads are marked up rather than charged through commissions.
ℹ️ Account Feature | ✔️Value |
💵 Minimum Deposit Requirement | 6,100 XAF / $10 |
📝 Spreads | Variable, from 0.3 pips |
💷 Account Base Currency | AED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, NGN, KRW, KWD, KZT, MAD, MXN, MYR, KES, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR |
💸 Commission Charges | None |
⬆️ Maximum leverage offered | Unlimited leverage |
⚠️ Instruments Available | Forex major pairs Minor currency pairs Exotic Forex pairs Energies Cryptocurrencies Stocks Indices |
⬇️Minimum lot size | 0.01 lots |
⬆️Maximum Lot Size | 200 lots from 7 am to 8h59 pm (GMT +0) 20 lots from 9 pm to 6h59 am (GMT +0) |
📌Maximum positions | Unlimited |
🚩Hedged margin (%) | 0 |
🖋️Margin Call (%) | 60 |
🛑Stop-out Level (%) | 0 |
👨🎓Order Execution | Market Execution |
🤝Islamic Account | ✅ Yes |
Standard Cent Account
Specifically designed for beginner traders with limited financial resources. With a low entry point of just 6,100 XAF ($10), this account allows novices from Ivory Coast to start trading immediately.
The Standard Cent MT4 account offers a smaller minimum transaction size, enabling traders to explore their trading ideas with lower initial investments. Notably, the Cent account offers infinite leverage, providing Ivory Coast traders with unlimited leverage opportunities.
ℹ️ Account Feature | ✔️Value |
💵 Minimum Deposit Requirement | 6,100 XAF / $10 |
📝 Spreads | Variable, from 0.3 pips |
💷 Account Base Currency | USC, EUC, GBC, CHC, AUC, CAC |
💸 Commission Charges | None |
⬆️Maximum leverage offered | Unlimited leverage |
⚠️Instruments Available | Forex Metals |
⬇️Minimum lot size | 0.01 lot |
⬆️Maximum Lot Size | 200 lots from 7 am to 8h59 pm (GMT +0) 20 lots from 9 pm to 6h59 am (GMT +0) |
📌Maximum positions | 1000 |
🚩Hedged margin (%) | 0 |
🖋️Margin Call (%) | 60 |
🛑Stop-out Level (%) | 0 |
👨🎓Order Execution | Market Execution |
🤝Islamic Account | ✅ Yes |
Raw Spread Account
Tailored for Ivory Coast traders focused on scalping, day trading, or algorithmic trading. This account ensures competitive and tight spreads, enabling traders to execute their strategies efficiently and capitalise on short-term trading opportunities.
ℹ️ Account Feature | ✔️Value |
💵 Minimum Deposit Requirement | 303,000 XAF / $500 |
📝 Spreads | Variable, from 0.0 pips |
💷 Account Base Currency | AED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR |
💸 Commission Charges | Up to $3.5 per side, per lot |
⬆️Maximum leverage offered | Unlimited leverage |
⚠️Instruments Available | Forex Metals Cryptocurrencies Energies Stocks Indices |
⬇️Minimum lot size | 0.01 lot |
⬆️Maximum Lot Size | 200 lots from 7 am to 8h59 pm (GMT +0) 20 lots from 9 pm to 6h59 am (GMT +0) |
📌Maximum positions | Unlimited |
🚩Hedged margin (%) | 0 |
🖋️Margin Call (%) | 30 |
🛑Stop-out Level (%) | 0 |
👨🎓Order Execution | Market Execution |
🤝Islamic Account | ✅ Yes |
Zero Account
Characterised by a no requote policy, enhancing trading reliability. Ivory Coast traders who prioritise tight spreads and minimal slippage will appreciate the advantageous trading conditions of the Zero Account. It stands out among other brokers with its highly competitive charges and spreads.
ℹ️ Account Feature | ✔️Value |
💵 Minimum Deposit Requirement | 303,000 XAF / $500 |
📝 Spreads | Variable, from 0.0 pips |
💷 Account Base Currency | AED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR |
💸 Commission Charges | From $0.1 per side, per lot |
⬆️Maximum leverage offered | Unlimited leverage |
⚠️Instruments Available | Forex Metals Cryptocurrencies Energies Stocks Indices |
⬇️Minimum lot size | 0.01 lot |
⬆️Maximum Lot Size | 200 lots from 7 am to 8h59 pm (GMT +0) 20 lots from 9 pm to 6h59 am (GMT +0) |
📌Maximum positions | Unlimited |
🚩Hedged margin (%) | 0 |
🖋️Margin Call (%) | 30 |
🛑Stop-out Level (%) | 0 |
👨🎓Order Execution | Market Execution |
🤝Islamic Account | ✅ Yes |
Pro Account
Geared towards experienced Ivory Coast traders with a solid understanding of the financial markets. This account provides tailored trading conditions and perks to gain a competitive edge.
It is designed to meet the specific needs of professionals, empowering them to execute sophisticated trading strategies and outperform their competitors.
ℹ️ Account Feature | ✔️Value |
💵 Minimum Deposit Requirement | 303,000 XAF / $500 |
📝 Spreads | Variable, from 0.1 pips |
💷 Account Base Currency | AED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR |
💸 Commission Charges | None |
⬆️Maximum leverage offered | Unlimited leverage |
⚠️Instruments Available | Forex Metals Cryptocurrencies Energies Stocks Indices |
⬇️Minimum lot size | 0.01 lot |
⬆️Maximum Lot Size | 200 lots from 7 am to 8h59 pm (GMT +0) 20 lots from 9 pm to 6h59 am (GMT +0) |
📌Maximum positions | Unlimited |
🚩Hedged margin (%) | 0 |
🖋️Margin Call (%) | 30 |
🛑Stop-out Level (%) | 0 |
👨🎓Order Execution | Instant Execution on Forex currency pairs, metals, energies, stocks, and indices and market execution on cryptocurrencies |
🤝Islamic Account | ✅ Yes |
Exness Demo Account
An invaluable tool for Ivory Coast traders to practice and familiarise themselves with trading concepts before engaging in real trading.
The Exness Demo Account offers a risk-free environment to sharpen trading skills and prepare for live trading. Traders can explore different strategies, test new techniques, and gain confidence in their trading abilities without risking real funds.
Exness Islamic Account
Exness offers swap-free trading accounts for Ivory Coast traders who adhere to Sharia law. With swap-free status, no swap is credited or withdrawn from the trading account. This feature applies to various account types, including Pro, Raw Spread, Zero, Standard Cent, and Standard accounts.
Ivory Coast traders can choose between Standard Swap-free and Extended Swap-free status, which exempts overnight swap charges for specific instruments.
Exness Professional Account
Designed for seasoned Ivory Coast traders with a deep understanding of the financial markets. It provides a variety of individualized trading conditions and benefits that enable professionals to obtain a competitive edge.
Ivory Coast traders can leverage the Pro Account’s sophisticated tools and features to optimize their trading performance and achieve their financial objectives precisely.
Pros and Cons Exness Account Types and Features
✅ Pros | ❎ Cons |
Experienced traders can benefit from a professional account | There is no XAF-denominated account |
Exness Base Account Currencies and Basic Order Types
Exness Base Account Currencies
When opening a trading account with Exness, Ivory Coast traders can select their preferred account currency. The chosen currency will manage funds within that specific trading account.
It is important for Ivory Coast traders to carefully consider their choice of account currency, as currency conversions may be necessary when making deposits and withdrawals in a different currency. This can potentially incur additional fees or charges.
Traders should also note that once an account currency is selected, it cannot be changed later. If Ivory Coast traders wish to switch to a different account currency, they must open a new trading account through their Personal Area on the Exness platform.
Exness offers a wide range of account currencies to cater to the needs of Ivory Coast traders. This selection ensures flexibility and convenience in trading funds, allowing traders to choose a currency that aligns with their preferences and trading goals.
Ivory Coast traders can optimize their trading experience with Exness by selecting the most suitable account currency.
🔍 Account Type | 💵 Account Currencies |
🥇Standard Cent | USC, EUC, GBC, CHC, AUC, CAC |
🥈Standard | AED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR |
🥉Pro | Same as Standard Account Currencies |
🏆Raw Spread | Same as Standard Account Currencies |
🎖️ Zero | Same as Standard Account Currencies |
Traders should note that those registered in the Kenyan entity have additional currency options: KES, USD, GBP, AUD, USC, GBC, and AUC.
Exness Basic Order Types
Exness’ basic order types are as follows:
- ✅ Market Orders
- ✅ Pending Orders
- ✅ Take Profit
- ✅ Stop-Loss Orders
Market Orders
A Market Order is a request to buy or sell a Contract for Difference (CFD) at the prevailing market price as promptly as possible, opening a trade position. CFDs are purchased at the ASK price and sold at the BID price.
Furthermore, with Exness, Market Orders are available for all accounts. In addition, Market Orders can be accompanied by Stop Loss and Take Profit Orders.
Pending Orders
Pending Orders are requests to buy or sell a CFD at a pre-defined price in the future once a certain price is reached. Exness offers four Pending Orders: Buy Limit, Buy Stop, Sell Limit, and Sell Stop.
These orders are executed when the price reaches the specified level. However, executing at the requested price may be impossible under certain trading conditions. Exness can execute the order at the first available price in such cases.
Stop Loss and Take Profit Orders can be attached to a Pending Order and are valid until canceled. In addition, Pending Orders are available for all accounts with Exness.
Take Profit
Take Profit Orders are intended to secure profit when the price of a CFD reaches a specific level. The execution of this order results in the complete closure of the entire position and is always connected to an open, market, or pending order.
In addition, the Exness platform checks long positions with the BID price and short positions with the ASK price to determine if the provisions of the Take Profit Order have been met.
Stop-Loss Orders
Stop-Loss Orders are used to minimise losses if the price of a CFD begins to move in an unprofitable direction. If the price of the CFD reaches the Stop-Loss level, the entire position will be automatically closed.
Stop-Loss Orders are always connected to an open, market, or pending order. The Exness platform checks long positions with the BID price and short positions with the ASK price to determine if the provisions of the Stop-Loss Order have been met.
Exness – Slippage and Requote Policy
Exness is committed to providing traders with instant order execution and has implemented a policy guaranteeing zero requotes. This means that orders are executed without any additional confirmation from the trader, even in slippage situations.
Slippage can occur during market volatility when the requested price is unavailable. However, Exness aims to execute orders at the requested price whenever possible. The order will be filled at the next available price if the exact price is unavailable in the market.
This commitment to instant order execution is facilitated through Exness’ Straight Through Processing (STP) model. With the STP model, there is direct interaction between Exness’ clients and liquidity providers, ensuring efficient and seamless trade execution.
By guaranteeing zero requotes and implementing the STP model, Exness prioritizes transparency and responsiveness in executing traders’ orders, providing a reliable and efficient trading experience.
How to open an Account with Exness
To register an account with Exness, Ivory Coast, traders can follow these easy steps:
- ✅ Visit the Exness website and click the “Open an Account” or “Register” button.
- ✅ Provide the required personal information, including your name, email address, and phone number.
- ✅ Select the account type that best suits your trading needs.
- ✅ Choose the base currency for your account from the available options.
- ✅ Review and accept the terms and conditions.
- ✅ Complete the verification process by submitting the necessary documents to verify your identity and address.
- ✅ Fund your account by making the required minimum deposit through the available payment methods.
- ✅ Once your account is verified and funded, you can start trading on the Exness platform.
How to close My Account with Exness
To close a live trading account with Exness, Ivory Coast, traders can follow these steps:
- ✅ Log in to your Exness Personal Area using your registered email and password.
- ✅ Go to the “My Accounts” section or a similar account management area.
- ✅ Locate the specific trading account you wish to close.
- ✅ Follow the instructions or contact Exness customer support to initiate the account closure process.
- ✅ Complete the necessary steps, such as withdrawing any remaining funds from the account.
- ✅ Confirm the closure of the account as per the instructions given or through communication with Exness support.
- ✅ Verify that the account closure has been successfully processed by checking your account status or contacting Exness support if needed.
Exness Trading Platforms
MT4 and MT5 Platforms
Exness caters to Ivory Coast traders by offering the widely acclaimed MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. These platforms are renowned in the industry and provide Ivory Coast traders with access to advanced features and tools for their trading needs.
The MT4 and MT5 platforms offer a variety of timeframes, numerous technical indicators, and comprehensive charting capabilities for in-depth market analysis.
Ivory Coast traders can customize their trading strategies, implement automated trading systems, and connect with a large community of traders.
Exness Terminal
In addition to MT4 and MT5, Exness provides its in-house trading platform called Exness Terminal, designed with a user-friendly interface tailored to the needs of Ivory Coast traders, especially beginners. The platform offers a clean and intuitive interface, simplifying navigation and instrument search.
The Exness Terminal features TradingView charts, a wide range of indicators, and drawing tools, enabling Ivory Coast traders to conduct effective market analysis. Traders can conveniently set stop levels based on percentage, account currency, or price, enhancing ease of use and convenience.
Exness Trader App
To cater to the mobile trading needs of Ivory Coast traders, Exness offers the Exness Trader App. This mobile trading application provides a seamless and user-friendly online trading experience. Ivory Coast traders can enjoy a sophisticated dashboard and intuitive home screen, making navigating and accessing essential features effortless.
One notable feature of the Exness Trader App is viewing curated trading signals for each instrument. These signals, powered by TradingView, a renowned platform for market analysis, keep Ivory Coast traders updated with market trends and provide valuable insights directly within the app.
This integration enhances convenience and empowers Ivory Coast traders to make more informed decisions.
Pros and Cons Exness Trading Platforms
✅ Pros | ❎ Cons |
Traders have access to powerful trading platforms | There is no proprietary desktop platform |
Which Markets Can You Trade with Exness?
Ivory Coast traders can expect the following range of markets from Exness:
- ✅ Forex
- ✅ Metals
- ✅ Cryptocurrencies
- ✅ Energies
- ✅ Precious Metals
- ✅ Stocks
- ✅ Indices
Financial Instruments and Leverage offered by Exness
🔍 Instrument | 🔢 Number of Assets Offered | ⬆️ Max Leverage Offered |
📌Forex | 100 | Equity 0 – 999: Unlimited 0 – 4,999: 1:2000 5,000 – 29,999: 1:1000 30,000+: 1:500 |
🏆Precious Metals | 4 | Equity 0 – 999: Unlimited 0 – 4,999: 1:2000 5,000 – 29,999: 1:1000 30,000+: 1:500 |
🚩Indices | 11 | 1:400 (US30, US50, USTEC) 1:200 All other Indices |
📈 Stocks | 100+ | 1:20 |
💵 Cryptocurrency | 14 | 1:25 |
ℹ️ Energies | 2 | 1:200 |
Pros and Cons Exness Range of Markets
✅ Pros | ❎ Cons |
Traders can access over 100 Forex pairs | Non-forex instruments are limited when comparing Exness to other brokers |
There is unlimited leverage on some account types and instruments, and Exness offers negative balance protection | Unlimited leverage can still lead to substantial losses even if negative balance protection is offered |
Exness Fees, Spreads, and Commissions
Exness Spreads
Exness caters to Ivory Coast investors’ unique requirements and trading techniques by offering spreads tailored to their needs.
The spreads may vary based on the selected account type, as each account is designed to accommodate different types of traders. Here are the typical spreads that Ivory Coast traders can anticipate for various instruments.
Exness Commissions
Commissions apply to certain accounts to compensate the broker for their services. The following accounts have fixed-rate commissions.
Exness Overnight Fees, Rollovers, or Swaps
Traders holding positions overnight may incur swap fees, also known as overnight fees or rollovers. The fees vary depending on the instrument, position size, and prevailing interbank rates. Here are some examples of swap fees.
Exness Deposit and Withdrawal Fees
Exness does not charge any deposit or withdrawal fees for Ivory Coast traders.
Exness Inactivity Fees
Inactivity fees do not apply to dormant accounts.
Exness Currency Conversion Fees
Currency conversion fees may apply when depositing or withdrawing funds in XAF, as conversion between currencies may be necessary.
Pros and Cons Exness Trading and Non-Trading Fees
✅ Pros | ❎ Cons |
Exness’ trading and non-trading fees are transparent | Because there is no XAF-denominated account, Ivory Coast traders could be subject to currency conversion fees |
Exness Deposits and Withdrawals
Exness offers Ivory Coast traders the following deposit and withdrawal methods:
- ✅ BinancePay
- ✅ Bitcoin
- ✅ Debit Card
- ✅ Credit Card
- ✅ Internet Banking
- ✅ Skrill
- ✅ Neteller
- ✅ Perfect Money
- ✅ SticPay
- ✅ USD Coin (ERC20)
- ✅ USD Coin (TRC20)
- ✅ Tether (USDT ERC20)
- ✅ Tether (USDT TRC20)
- ✅ WebMoney
- ✅ Mybux
- ✅ Ozow
- ✅ SnapScan
Broker Comparison: Deposit and Withdrawals
🔍 Broker | 🥇Exness | 🥈IC Markets | 🥉FXGT.com |
⏱️Minimum Withdrawal Time | Instant | Instant | ✅ Yes |
⏰Maximum Estimated Withdrawal Time | Up to 72 hours | Up to 14 business days | 1 – 2 Business Days |
✔️ Instant Deposits and Instant Withdrawals? | ✅ Yes | Yes, on PayPal, Neteller, and Skrill | ✅ Yes, Both |
Exness Deposit and Withdrawal Details – Payment Methods, currencies, processing time, etc.
💳 Payment Method | 🔍 Deposit Processing | 🔎 Withdrawal Processing | 💵 Min Deposit | 💷 Min Withdrawal |
📌BinancePay | 30 minutes | 30 Minutes | $10 | $1 |
💰Bitcoin | Up to 72 hours | Up to 72 hours | $10 | $10 |
💳Debit Card | Instant | Up to 72 hours | $10 | $3 |
🚩Credit Card | Instant | Up to 72 hours | $10 | $3 |
💻Internet Banking | Instant | Up to 72 hours | $10 | $4 |
ℹ️Skrill | Instant | Instant | $10 | $10 |
➡️Neteller | Instant | Instant | $10 | $4 |
💸Perfect Money | Instant | Instant | $50 | $2 |
💡SticPay | 30 minutes | 30 Minutes | $10 | $1 |
🔖USD Coin (ERC20) | 24 hours | 24 hours | $10 | $100 |
🏷️USD Coin (TRC20) | 24 hours | 24 hours | $10 | $10 |
✔️Tether (USDT ERC20) | 24 hours | 24 hours | $10 | $100 |
🖋️Tether (USDT TRC20) | 24 hours | 24 hours | $10 | $10 |
🛎️Tether (USDT OMNI) | Up to 72 hours | Up to 72 hours | $10 | $100 |
💴WebMoney | None | Instant | None | $1 |
📖Mybux | Instant | Instant | $10 | $5 |
↘️Ozow | Instant | None | $10 | None |
📱SnapScan | 30 Minutes | N/A | $10 | N/A |
How to Deposit Funds with Exness
To deposit funds to an account with Exness, Ivory Coast traders can follow these steps:
- ✅ Log into your Exness Personal Area using your account credentials.
- ✅ Navigate to the “Deposit” section within your Personal Area.
- ✅ Choose the trading account you want to deposit funds into from the drop-down menu.
- ✅ Select your preferred deposit method from the available options. Exness supports various payment methods, including bank wire transfers, credit/debit cards, and e-wallet services.
- ✅ Enter the desired deposit amount.
- ✅ Follow the instructions based on your chosen payment method to complete the transaction.
- ✅ Click the “Confirm” or “Submit” button to finalize the deposit.
- ✅ The processing time for deposits varies depending on the chosen method. E-wallets usually offer instant processing, while bank wire transfers may take several business days.
Exness Fund Withdrawal Process
To withdraw funds from an account with Exness, Ivory Coast traders can follow these steps:
- ✅ Log in to your Exness Personal Area using your account credentials.
- ✅ Within your Personal Area, locate and select the “Withdrawal” section.
- ✅ Choose the trading account from which you wish to withdraw funds.
- ✅ Select your preferred withdrawal method from the available options. Exness aims to process withdrawals using the same method as the original deposit whenever possible.
- ✅ Enter the amount you want to withdraw from the selected trading account.
- ✅ Follow the instructions carefully to complete the withdrawal transaction based on your chosen method. It is essential to adhere to these guidelines for a successful withdrawal.
- ✅ After reviewing the withdrawal details, click the “Confirm” or “Submit” button to initiate the withdrawal request.
Pros and Cons Exness Deposits and Withdrawals
✅ Pros | ❎ Cons |
Traders can withdraw funds from as little as 1 USD depending on the payment method | Currency conversion fees apply to XAF deposits and withdrawals |
Exness has a low and competitive minimum deposit requirement | There are withdrawal restrictions depending on the region and payment method used |
How long do Exness Deposits take?
The duration of deposits with Exness can range from an instant to a few days, depending on the timing of the deposit and the selected payment method. Generally, electronic payment methods and credit/debit cards offer quick processing, while traditional bank transfers may take a day or two.
How long do Exness Withdrawals take?
Withdrawal processing times vary depending on the chosen method. E-wallet withdrawals are typically immediate, while bank wire transfers may take several business days.
Exness Education and Research
Exness Education
Exness offers the following Educational Materials to Ivory Coast traders:
- ✅ Exness Academy
- ✅ Webinars
- ✅ Educational Videos
- ✅ Articles
Exness Research and Trading Tool Comparison
👤 Broker | 🥇Exness | 🥈IC Markets | 🥉FXGT.com |
📌Economic Calendar | ✅ Yes | ✅ Yes | ✅ Yes |
🚩VPS | ✅ Yes | ✅ Yes | None |
🗂️AutoChartist | None | ✅ Yes | None |
⌛Trading View | ✅ Yes | None | None |
➡️Trading Central | ✅ Yes | ✅ Yes | None |
🔍Market Analysis | ✅ Yes | ✅ Yes | ✅ Yes |
📰News Feed | ✅ Yes | ✅ Yes | ✅ Yes |
💻Blog | ✅ Yes | ✅ Yes | ✅ Yes |
Exness also offers Ivory Coast traders the following additional Research and Trading Tools:
- ✅ Analytical Tools
- ✅ Trader’s Calculator
- ✅ Economic Calendar
- ✅ Currency Converter
- ✅ Tick History
- ✅ Trading Central WebTV
Pros and Cons Exness Education and Research
✅ Pros | ❎ Cons |
Exness offers several tools and calendars to traders | The educational material is not currently presented on the main website |
Exness’ tick history is outstanding | There are limited standalone tools |
Exness Customer Support
☎️ Customer Support | 👥 Exness Customer Support |
⏲️Operating Hours | 24/7 |
🗣️Support Languages | Multilingual |
👥Live Chat | ✅ Yes |
💻Email Address | [email protected] |
📱Telephonic Support | N/A |
💯The overall quality of Exness Support | 5/5 |
Pros and Cons Exness Customer Support
✅ Pros | ❎ Cons |
Traders can access Exness customer support across several channels | 24/7 customer support is not offered across all regions |
Exness VPS Review
Exness offers a free Virtual Private Server (VPS) to enhance traders’ experience and performance. The Exness VPS provides several benefits for Ivory Coast traders:
- ✅ Trade 24/7: The VPS allows traders to run their trading strategies continuously without downtime.
- ✅ Reduced Latency: By being located near Exness’ trading servers, the VPS ensures faster order execution with minimal delays.
- ✅ Stability: The VPS eliminates the impact of personal internet connection issues on trade execution, providing a stable trading environment.
- ✅ Portability: The VPS is compatible with various operating systems, including Windows, Mac OS, and Linux.
- ✅ Connectivity: Traders can rely on the VPS for uninterrupted trading, even during internet disruptions or power outages.
- ✅ Mobility: The VPS enables traders to access their trading accounts from anywhere.
In addition to the VPS benefits, Exness offers exceptional trading conditions, including instant withdrawals, local payment methods, 24/7 multilingual support, stable and low spreads, swap-free options, and fast and reliable execution.
To access the free VPS, traders must meet certain criteria, such as lifetime deposits of $500+ and a free margin of $100.
Exness Corporate Social Responsibility
Exness, a renowned global financial services provider in online trading, demonstrates its dedication to social responsibility through various Corporate Social Responsibility (CSR) initiatives.
These initiatives reflect Exness’ strong commitment to making a positive impact and contributing to the betterment of society. Some key examples of Exness’ CSR efforts for Ivory Coast traders are as follows:
Exness Education Support
Exness actively supports academic pursuits by funding programs and initiatives, including scholarships and financial aid for higher education institutions. By investing in education, Exness aims to empower individuals and contribute to the development of future generations.
Exness Environmental Sustainability
Exness acknowledges the importance of environmental responsibility and strives to reduce its carbon footprint.
The company promotes the use of renewable energy sources and advocates for the purchase of environmentally friendly products. By prioritizing sustainability, Exness aims to contribute to a greener future.
Exness Community Engagement
Exness actively gives back to the community through financial contributions and in-kind services. The company supports various local non-profit organizations, addressing social and humanitarian issues. Through these initiatives, Exness aims to make a positive difference in the lives of those in need.
Exness Inclusivity and Diversity
Exness is committed to fostering an inclusive and welcoming work environment for all employees. Internally, the company implements programs that promote diversity, equality, and employee well-being.
Externally, Exness extends its inclusivity efforts to the communities in which it operates, aiming to create a positive impact beyond its organizational boundaries.
Social Trading with Exness
Exness offers a comprehensive social trading platform catering to Strategy Providers (SP) and Investors. Strategy Providers can choose between two account types: MT4 Social Pro and MT4 Social Standard, each offering unique trading conditions.
The social trading accounts allow Strategy Providers to trade various instruments, including Forex, Metals, Cryptocurrency, and Investment accounts. Investors can copy the strategies of these Strategy Providers.
Investment accounts are automatically created when an Investor starts copying a strategy and are closed when the copying process stops. These accounts have their own set of trading conditions, providing flexibility and convenience for Investors.
The Social Standard Account and the Social Pro Account have specific requirements and conditions that differentiate them in terms of minimum deposits, equity, order execution, spread, margin, gap level, and leverage options.
Additionally, Strategy Providers have a commission account where their earned commissions are deposited. This account is created automatically, and Strategy Providers can use it like a regular trading account. The earned commissions can be transferred to other trading accounts.
However, Ivory Coast traders must note that the account currencies for social trading accounts are typically in USD. The choice between the Social Pro and Social Standard accounts depends on the Strategy Provider’s trading style, equity requirements, and preferences.
Exness Trading Signals
Exness offers Trading Signals by Trading Central, providing Ivory Coast traders with a valuable resource to develop strategies and plan their trades effectively.
These signals incorporate diverse analytical approaches, offering insights for traders across various market conditions and timeframes. Key features of Exness Trading Signals include:
- ✅ Strategy Development: Traders can utilize these signals to refine their trading strategies and make informed decisions in the market.
- ✅ Wide Availability: The Trading Signals are conveniently accessible within the Exness ecosystem, including the Personal Area and the Exness Trade app.
- ✅ Market Adaptability: The signals are designed to cater to different market conditions, ensuring relevance and applicability in various scenarios.
- ✅ Timeframe Flexibility: Traders can apply the signals across different timeframes, whether they prefer short-term scalping or long-term investing.
Exness Cashback Rebates Features and Conditions
Exness offers a Cashback Rebate system as part of its Introducing Brokers Program, allowing partners to share rewards with their referred clients.
The key features of the Exness Cashback Rebate system for Ivory Coast traders include:
- ✅ Customisable Rebate Percentage: Partners can set the rebate percentage between 0% and 100%, tailoring it to their preferred payout structure.
- ✅ Group Management: Partners have access to tools that facilitate grouping referred clients together, enabling automated and efficient rebate payments.
- ✅ Easy Management: Partners can conveniently manage rebates through their Personal Area, where they can set up, approve, and reject rebate requests.
- ✅ Payment Schedule: Rebates are paid daily to referred clients who have closed trades within the last 24 hours. Partners have the flexibility to approve daily payments.
- ✅ Exception Accounts: The Cashback Rebate system does not apply to Social_Standard and Social_Pro accounts.
These features and conditions of the Exness Cashback Rebate system provide flexibility and convenience for partners, allowing them to maximise their earning potential and provide additional benefits to their referred clients.
Exness Web Traffic Report
🌐 Global Rank | 3,527 |
🌎 Country Rank | 211 |
📝 Category Rank | 5 |
🔢 Total Visits | 21.1 million |
📌Bounce Rate | 62.40% |
📖 Pages per Visit | 2.46 |
🕰️ Average Duration of Visit | 00:02:09 |
📆 Total Visits in the last three months | March – 24m April – 21.6m May – 21.1m |
Exness Geographic Reach and Limitations
Most of Exness’ market share is concentrated in these areas:
- ✅ Thailand – 43.05%
- ✅ India – 14.81%
- ✅ Egypt – 7.05%
- ✅ South Africa – 5.76%
- ✅ Vietnam – 5.44%
Exness Current Expansion Focus
Exness is expanding across Africa, Asia, and Europe.
Countries not accepted by Exness
- ✅ USA
- ✅ American Samoa
- ✅ Baker Island
- ✅ Guam
- ✅ Howland Island
- ✅ Kingman Reef
- ✅ Marshall Islands
- ✅ Northern Mariana Islands
- ✅ Puerto Rico
- ✅ Midway Islands
- ✅ Wake Island
- ✅ Palmyra Atoll
- ✅ Jarvis Island
- ✅ Johnston Atoll
- ✅ Navassa Island
- ✅ Martinique
- ✅ US Virgin Islands
- ✅ United States Minor Outlying Islands
- ✅ Canada
- ✅ Curaçao
- ✅ Cuba
- ✅ Sint Maarten
- ✅ Falkland Islands
- ✅ Uruguay
- ✅ Australia
- ✅ New Zealand
- ✅ Vanuatu
- ✅ North Korea
- ✅ Malaysia
- ✅ Singapore
- ✅ Aland Islands
- ✅ Andorra
- ✅ Austria
- ✅ Belarus
- ✅ Belgium
- ✅ Bulgaria
- ✅ Croatia
- ✅ Cyprus
- ✅ Czech Republic
- ✅ Denmark
- ✅ Estonia
- ✅ Finland
- ✅ France
- ✅ Germany
- ✅ Gibraltar
- ✅ Greece
- ✅ Hungary
- ✅ Iceland
- ✅ Italy
- ✅ Ireland
- ✅ Kosovo
- ✅ Latvia
- ✅ Liechtenstein
- ✅ Lithuania
- ✅ Luxembourg
- ✅ Malta
- ✅ Monaco
- ✅ Norway
- ✅ Netherlands
- ✅ Poland
- ✅ Portugal
- ✅ Romania
- ✅ Russia
- ✅ San Marino
- ✅ Slovakia
- ✅ Slovenia
- ✅ Spain
- ✅ Sweden
- ✅ Switzerland
- ✅ United Kingdom
- ✅ Vatican City
- ✅ Seychelles
- ✅ Sudan
- ✅ South Sudan
- ✅ Réunion
- ✅ Iraq
- ✅ Iran
- ✅ Israel
- ✅ Syria
- ✅ Yemen
- ✅ Palestinian Territory
Popularity among Ivory Coast traders who choose Exness
Exness is a popular and reputable broker in Africa, making it one of the Top 5 brokers for Ivory Coast beginner, advanced, and professional traders.
Exness vs IC Markets vs FXGT.com – A Comparison
🔍 Broker | 🥇Exness | 🥈IC Markets | 🥉FXGT.com |
📌Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA | ASIC, CySEC, FSA, SCB | FSCA, CySEC, VFSA, FSA |
📈Trading Platform | MetaTrader 4 MetaTrader 5 Exness App Exness Terminal | MetaTrader 4 MetaTrader 5 cTrader | MetaTrader 4 MetaTrader 5 |
💴Withdrawal Fee | None | None | None |
🗂️Demo Account | ✅ Yes | ✅ Yes | ✅ Yes |
💵Min Deposit | 6,100 XAF | 120,000 XAF | 700 KES |
📉Leverage | Unlimited | 1:500 | 1:1000 |
📊Spread | Variable, from 0.0 pips | From 0.0 pips | From 0.0 pips |
💶Commissions | From $0.1 per side, per lot | From $3 to $3.5 | $6 on Forex $5 on Precious Metals 0.1% on Crypto Assets |
🛑Margin Call/Stop-Out | 60%/0% | 100%/50% | 50% - 70% (M) 20% - 40% (SO) |
👨⚖️Order Execution | Market | Market | Market |
❌No-Deposit Bonus | None | None | None |
💰Cent Accounts | ✅ Yes | None | ✅ Yes, Mini |
📝Account Types | Standard Account Standard Cent Account Raw Spread Account Zero Account Pro Account | cTrader Account Raw Spread Account Standard Account | Mini Account Standard+ Account Pro Account ECN Account |
🏦Banking Commission of WAEMU Regulation | None | None | None |
🚩XAF Deposits | ✅ Yes | None | None |
📍XAF Account Offered? | None | None | None |
🕰️Customer Service Hours | 24/7 | 24/7 | 24/7 |
🏪Retail Investor Accounts | 5 | 3 | 4 |
🤝Islamic Account | ✅ Yes | ✅ Yes | ✅ Yes |
⬇️Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
⬆️Maximum Trade Size | Unlimited | Unlimited | 200 lots |
⏰Minimum Withdrawal Time | Instant | Instant | Instant |
⏱️Maximum Estimated Withdrawal Time | Up to 72 hours | Up to 14 business days | 1 – 2 Business Days |
✔️Instant Deposits and Instant Withdrawals? | ✅ Yes | ✅ Yes, on PayPal, Neteller, and Skrill | ✅ Yes, Both |
Broker Comparison for a Range of Markets
🔍 Broker | 🥇Exness | 🥈IC Markets | 🥉FXGT.com |
📌Forex | ✅ Yes | ✅ Yes | ✅ Yes |
🏆Precious Metals | ✅ Yes | ✅ Yes | ✅ Yes |
🚩ETFs | None | None | None |
➡️CFDs | ✅ Yes | ✅ Yes | ✅ Yes |
↘️Indices | ✅ Yes | ✅ Yes | ✅ Yes |
📊Stocks | ✅ Yes | ✅ Yes | ✅ Yes |
💳 Cryptocurrency | None | ✅ Yes | ✅ Yes |
⌛Options | None | None | None |
🛎️Energies | ✅ Yes | ✅ Yes | ✅ Yes |
🤝Bonds | None | None | None |
Exness Alternatives
- 🥇 Tickmill stands out with its below-average spreads and swaps, providing traders with a cost-effective trading environment. The fixed commissions on the Pro and VIP account types are also competitive, and Tickmill does not impose significant non-trading charges. Overall, Tickmill’s fees are highly competitive in the industry.
- 🥈 As a globally recognised and multi-regulated Forex and CFD provider, FXGT.com offers a mixed trading experience for traders. With powerful trading platforms, traders can access various financial markets and benefit from competitive spreads. Markets.com caters to a wide range of trading needs.
- 🥉 RoboForex has achieved remarkable growth as a multi-asset broker on a global scale. With an extensive selection of over 12,000 assets across eight different classes, traders have abundant choices. The trading costs are competitive, and high leverage is available. Traders can utilise RoboForex’s cutting-edge proprietary trading platform in addition to the popular MT4/MT5 platforms.
Exness Awards and Recognition
Exness continues to solidify its credibility and recognition in the industry, as evidenced by the multiple awards it has received. Here are some of the recent accolades that highlight various aspects of its competitive trading environment:
- ✅ At the Financial Markets Expo Cairo 2021, Exness was honoured with the Best Customer Support Award, acknowledging its commitment to providing exceptional client support. This award reflects Exness’ dedication to serving and assisting traders.
- ✅ The Premium Loyalty Program Award at the Financial Markets Expo Cairo 2021 demonstrates Exness’ efforts to create a rewarding and valuable experience for its loyal traders. This recognition emphasises the benefits and incentives Exness offers its dedicated client base.
- ✅ Exness was recognised as the Most Innovative Broker at the Dubai Expo 2021. This award showcases Exness’ continuous drive for innovation in its trading services and platforms, providing traders with cutting-edge solutions and technologies.
- ✅ At the Traders Summit 2022, Exness received the Most People-Centric Broker award. This accolade highlights Exness’ customer-centric approach, prioritising the needs and satisfaction of its traders and building strong relationships based on trust and support.
- ✅ The Global Broker of the Year award at the Traders Summit 2022 further solidifies Exness’ standing as a leading broker in the industry. This prestigious recognition encompasses Exness’ overall excellence, encompassing various aspects of its operations, services, and dedication to client success.
- ✅ These awards collectively showcase Exness’ commitment to delivering exceptional customer support, innovative solutions, loyalty programs, and a people-centric approach. As Exness continues to receive recognition in the industry, it reinforces its position as a trusted and reputable broker, providing a competitive trading environment for traders worldwide.
and many, MANY more!
Recommendations according to our in-depth review of Exness
- ✅ Educational Material: Improve the visibility and accessibility of educational materials on the main website. This will help new traders to find and utilize these resources easily.
- ✅ Standalone Tools: Increase the number of standalone tools to provide traders with more options for analysis and decision-making.
- ✅ Desktop Platform: Develop a proprietary desktop platform to provide traders with more options and enhance the overall trading experience.
- ✅ Account Currency: Consider offering XAF-denominated accounts to avoid currency conversion fees for traders in certain regions.
- ✅ Promotions: Consider offering bonuses or promotions to attract new traders and incentivise existing ones.
Exness Customer Reviews
🥇 Happy Customer!
“Exness has been my preferred broker for the past two years, and I must say that I’m thoroughly impressed. The trading platform is user-friendly, and their customer service is always ready to assist. The speed at which they process my withdrawals is also a pleasant bonus. Five stars without a doubt.” – Modibo Koné (June 2024)
🥈 User Friendly!
“As someone relatively new to forex trading, Exness has made my journey quite comfortable. Their educational resources are top quality, and the user interface is easy to navigate. Although there have been occasional technical glitches, I am content with my decision overall.” – Benjamin Osei (June 2024)
🥉Highly Recommended!
“Exness is a reliable choice for novice and experienced traders. The platform offers a diverse range of instruments for trading, and the execution speed is excellent. Although I have encountered a few minor issues, the customer service resolved them promptly. I highly recommend it.” – Yacouba Diarra (March 2022)
Pros and Cons of Trading with Admiral Markets
✅ Pros | ❎ Cons |
Exness offers Ivory Coast traders some of the lowest commissions in the forex market, ensuring cost-effectiveness. | While Exness offers a variety of tradable markets, the availability of financial instruments can be somewhat limited for Ivory Coast traders. |
Ivory Coast traders can rely on Exness’ excellent 24/7 multilingual customer service for comprehensive support. | Unlimited leverage, although available, should be cautiously approached due to its inherent risks. |
Exness provides a wide range of trading accounts with different commission structures, catering to the needs of both novice and professional traders in the Ivory Coast. | Unfortunately, Exness does not currently offer a XAF-denominated account for Ivory Coast traders. |
In Conclusion
After thoroughly evaluating Exness, we have reached our final thoughts on this platform.
Exness offers a range of educational resources and research tools to support traders, including the Exness Academy, webinars, educational videos, articles, analytical tools, a trader’s calculator, an economic calendar, a currency converter, and Trading Central WebTV.
These resources provide valuable insights and knowledge for traders looking to enhance their trading skills.
However, it is worth noting that the educational material is not prominently featured on the main website, and standalone tools are somewhat limited. This could be improved to ensure easier access and a more streamlined user learning experience.
The Exness Terminal integrates TradingView charts, various indicators, and drawing tools. These features empower traders to conduct comprehensive market analyses and make informed decisions.
Additionally, setting stop levels based on percentage, account currency, or price adds convenience and flexibility to the trading process.
While Exness offers a diverse range of account types, including the Professional Account tailored for seasoned traders, it is important to highlight the platform’s commitment to providing individualised trading conditions and benefits.
This empowers professionals to gain a competitive edge and execute their trading strategies effectively. Furthermore, the availability of multiple account currencies ensures traders can easily manage their funds in their preferred currency.
Regarding fees, Exness maintains transparency by offering clear and straightforward trading and non-trading fee structures. Traders can benefit from no deposit or withdrawal fees, and the absence of inactivity fees adds to the platform’s user-friendly approach.
However, it is worth mentioning that traders using currencies other than XAF may encounter currency conversion fees due to the lack of a XAF-denominated account.
Our Review Methodology: For each of our broker evaluations, we investigate, evaluate, analyse, and compare what we feel to be the most crucial criteria to consider when selecting a broker.
Based on our findings, this evaluation comprises positives, disadvantages, and an overall score. We want to assist you in locating the ideal broker for your requirements.
Our broker review should not be considered financial advice. However, traders are urged to seek professional financial advice before making investment decisions.
Now it is your turn to participate:
- ✅ Do you have any prior experience with Exness?
- ✅ What was the determining factor in your decision to engage with Exness?
- ✅ Was it because of the minimum deposit, regulation, retail trading accounts, or other factors?
- ✅ Have you experienced issues with Exness, such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?
Regardless, please share your thoughts in the comments below.
Exness Risk Warning and Disclaimer for traders: Trading financial instruments involve a high level of risk and may not be suitable for all traders. The prices of these instruments can fluctuate, resulting in potential losses that may exceed your initial investment.
Before engaging in any trading activity, consider your objectives, experience, and risk appetite carefully.
It is essential to seek independent financial advice if necessary. Exness does not provide any guarantees or warranties regarding the accuracy or completeness of the information provided and disclaims all liability for any losses incurred.
Addendum/Disclosure: No matter how diligently we strive to maintain accuracy, the forex market is volatile and may change anytime, even if the information supplied is correct when going live.
Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all investors. Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk.
In addition, you should not start investing capital you cannot afford to lose because you could lose part of your original investment.
Frequently Asked Questions
How can I open an Exness account?
You can open an Exness account by visiting their website and following the registration process.
Does Exness have Nasdaq 100?
Yes, Exness offers trading on the Nasdaq 100 index, allowing traders to participate in the performance of the top 100 non-financial companies listed on the Nasdaq stock exchange.
What account types does Exness offer?
Exness offers several account types, including a Professional Account for seasoned traders.
Is there a mobile trading app for Exness?
Yes, Exness offers the Exness Trader App for mobile trading.
Is Exness Safe or a Scam?
Exness, a trusted financial services provider, operates under multiple regulatory licenses, including the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), and Financial Sector Conduct Authority (FSCA), ensuring its commitment to safety and compliance.
What are the deposit and withdrawal methods on Exness?
Exness offers various deposit and withdrawal methods, including BinancePay, Bitcoin, Debit Cards, Credit Card, and Internet Banking.
What are the benefits of the Exness Professional Account?
The Exness Professional Account offers individualised trading conditions and sophisticated tools for seasoned traders.
Is Exness regulated?
Various reputable authorities, including the FCA, CySEC, FSC, FSA, FSC BVI, CMA, and FSCA, regulate Exness. These regulatory bodies oversee Exness’ operations to ensure compliance, protect client funds, and maintain transparency and fairness in trading.
Does Exness charge inactivity fees?
No, traders are not subject to inactivity fees on Exness.
What markets can I trade with Exness?
Exness offers a range of markets, including Forex, Metals, Cryptocurrencies, Energies, Precious Metals, Stocks, and Indices.
How long does it take to withdraw from Exness?
The processing time for withdrawals from Exness depends on the chosen withdrawal method. E-wallet withdrawals are typically processed instantly, while bank wire transfers may take a few business days.
Does Exness have VIX 75?
Exness does not offer trading on the VIX 75 index.
Why should I work through the SA Shares Cashback?
You can expect some of the highest commissions if you work through SA Shares to earn up to 30% Cashback Rebates from Forex Brokers such as Exness.
This is because SA Shares aims to negotiate the most competitive commission rates with brokers such as Exness to ensure you get the most back from your trading activities.