Introduction

Choosing the right forex and CFD broker is one of the most important decisions any trader will ever make. Whether you’re just starting out or already an experienced trader, you want a platform that is affordable, reliable, and easy to use.

Exness stands out as one of the top brokers globally — especially for traders in South Africa — thanks to its low trading costs, fast withdrawals, flexible account types, and strong regulatory compliance.

In this detailed Exness review, we’ll cover everything you need to know before opening an account.

What Is Exness?

Exness is a global multi-asset broker founded in 2008. Over the years it has grown into one of the world’s largest and most trusted forex brokers, processing billions of dollars in trading volume every day. The company focuses on providing transparent, low-cost trading conditions for traders of all skill levels.

Key features include:

MT4 and MT5 trading platforms
Low minimum deposits
Tight spreads and low commissions
Instant withdrawals with no fees
Multiple account types for different trader profiles

Is Exness Safe and Regulated?

Yes — Exness is heavily regulated in several respected jurisdictions, including:

FCA (UK)
CySEC (Europe)
FSCA-recognized services for South African traders
FSA, CBCS, FSC and other global regulators

Exness also uses:

Segregated client funds
Negative balance protection
Advanced security protocols

This makes it significantly safer than the many unregulated or offshore brokers that target beginners.

Why Exness Is One of the Best Brokers for Beginners

1. Low Minimum Deposit

Beginners can get started with as little as $10 depending on the payment method. This makes Exness very beginner-friendly.

2. Commission-Free Standard Accounts

For new traders, the Standard and Standard-Cent accounts offer:

Zero commissions
Low spreads starting from 0.3 pips
Simple cost structure

This keeps things easy to understand while learning.

3. User-Friendly Platforms (MT4/MT5 + WebTerminal)

Even if you’re new, Exness gives you access to:

MT4 (beginner-friendly and popular worldwide)
MT5 (for more advanced trading)
WebTerminal (no installation needed)
Mobile apps (great for trading on the go)

4. Instant Withdrawals

One of Exness’s biggest advantages is near-instant withdrawals.
Beginners love this because they feel more secure knowing they can access their money immediately.

5. Practice With a Demo Account

You can trade with virtual funds before risking real money, allowing beginners to build confidence.

Why Exness Is Great for Experienced Traders

1. Tight Spreads & Raw Spread Accounts

Experienced traders — especially scalpers — love Exness for its insanely competitive pricing.

Professional accounts offer:

Raw spreads starting from 0.0 pips
Low commissions
Fast execution speed

2. High Leverage Options

Exness offers some of the highest leverage in the industry (depending on region and instrument).
This is especially attractive to:

Day traders
Experienced scalpers
Algorithmic traders

Note: High leverage increases risk, so use proper risk management.

3. VPS + Algo Trading Support

For traders who use robots (Expert Advisors):

Dedicated VPS servers
Low latency
Stable connection for automated trading

4. Advanced Risk Management Tools

Exness offers:

Unlimited stop-loss and take-profit levels
Hedging support
Custom margin requirements

This gives expert traders full control.

Exness Account Types (Explained Simply)

Account Type	Best For	Spreads	Commission	Minimum Deposit
Standard	Beginners	From 0.3 pips	None	Low
Standard Cent	New & small-fund traders	From 0.3 pips	None	Very low
Pro	Intermediate	From 0.1 pips	None	Medium
Raw Spread	Scalpers, pros	From 0.0 pips	Low	Medium–High
Zero Account	High-volume traders	0.0 pips	Low–Medium	Medium–High

Beginners usually start with Standard or Standard-Cent, while advanced traders prefer Raw Spread or Zero.

What Can You Trade on Exness?

Exness offers a wide range of assets, including:

Forex (major, minor, exotic pairs)
Commodities (gold, oil, etc.)
Crypto CFDs
Indices
Stocks (CFDs)

The broker focuses primarily on CFDs, so if you want real stock investing, you’ll need another platform — but for active trading, Exness is excellent.

Fees, Spreads, and Commissions

Spreads

Standard Accounts: from 0.3 pips
Professional Accounts: from 0.0 pips

Commissions

Standard: No commission
Raw Spread: small commission per lot
Zero Account: commission depends on instrument

Deposit and Withdrawal Fees

Zero fees charged by Exness
Instant processing via e-wallets and some bank methods

This makes Exness one of the cheapest brokers available.

Deposit & Withdrawal Methods (South Africa Included)

Exness supports:

Bank Transfers
Visa / Mastercard
Skrill
Neteller
Crypto deposits
Local payment methods (depending on region)

Withdrawals are usually processed instantly, making Exness stand out compared to many competitors.

Exness Pros and Cons

Pros

✔ Very low spreads and fees
✔ Regulated and secure
✔ Instant withdrawals
✔ Multiple account types
✔ Excellent for both beginners and pros
✔ MT4 & MT5 support
✔ Supports ZAR deposits for South Africa
✔ Great for scalpers & algorithmic traders

Cons

✘ Limited educational resources for total beginners
✘ CFD-only platform (not ideal for long-term investors)
✘ Spreads may widen during high volatility
✘ High leverage can be risky