This broker is one of the most frequently recommended to both beginners and seasoned traders. It is valued for its proven reputation, extensive functionality, and low rates. Still, if you want to register with it, you will probably decide to do deep research of its fee policy first. The good news is we’ve already done that for you — see our overview.
Exness is an online exchange service, which is regulated by a range of official bodies, including the FCA. As of now, it offers over 120 currency pairs, as well as CFDs for stocks and crypto, metals, energy. It operates quickly and smoothly. No doubt, it is a beneficial option for beginners and advanced users who do not need advanced functionality.
As for its fees, they depend on the type of account and currency. Let us start with Exness spread:
· Standard Cent account — from $0.03;
· Pro — from $1;
· Standard — from $3;
· Standard Plus — from $10.
As you can see, the lowest rate is for cent accounts, furthermore, it is among the lowest in the industry. For the sake of objectivity, let us compare its average spread and commissions with main competitors:
· Exness — 1 pip — $8.25;
· RoboForex — 1.3 pips — $6.55;
· FXPro — 1.27 pips — $13.2.
However, you probably know that, besides spread, there are usually a bunch of other non-trading commissions charged by brokers. Thus, to get a complex opinion, familiarize yourself with non-trading fees imposed by Exness:
· management — $0;
· inactivity — $0;
· withdrawal — depends on the method;
· minimum deposit — $10 for bank cards;
· minimum withdrawal — $3 for bank cards.
In general, we can safely claim that Exness is among the leaders of the industry in terms of affordability. First, its spread is among the lowest. Besides, it does not charge inactivity and management commissions, as well as overnight and swap fees (for most trades). However, there is an effective method to reduce trading costs even further — we mean cashback on the spread paid. We offer you to register on Exness by following the referral link from Traders Union, in such a case, you will be paid rebates for each and every trading commission charged — regardless of the result of the deal. No other hidden demands or pitfalls — it is a win-win offer. As a result, after you are charged spread on Exness, Traders Union will get 40% of that sum and will transfer 80% of it to your balance.