ExExness at a glance
- Best for: Cheapest standard account
- SpreadScout score: 4.6 / 10
- Regulation: CySEC, FSCA, FSA
- Spreads from: 0.0 pips (typical) · Min deposit: $10 · Max leverage: 1:2000
- Standard account spreads beat most ECN all-in costs
- Instant automated withdrawals 24/7
Overview: who Exness is best for
Exness is the cost anomaly in our dataset. Its Standard account — commission-free — delivers EUR/USD spreads of 0.3–0.7 pips during peak hours. That equates to circa $3–$7 per lot, which undercuts most brokers’ raw/ECN accounts on all-in cost. No commission. No catch.
The Raw Spread account is also competitive at circa $7.00 per lot (0.0–0.1 pips + $3.50/side commission), on par with IC Markets. But the Standard account is the distinctive product: genuine ECN-grade pricing without the commission complexity.
The trade-off is regulatory depth. UK retail traders are served through the Seychelles FSA entity, which does not provide FSCS-equivalent compensation. The platform offering is MT4/MT5 only — no cTrader or TradingView.
Pros & cons
Pros
- Standard account spreads beat most ECN all-in costs
- Instant automated withdrawals 24/7
- $10 minimum deposit
- Raw account also competitive at circa $7.00/lot
Cons
- MT4/MT5 only — no cTrader or TradingView
- Offshore entity for UK retail (Seychelles FSA)
- Limited educational content
Fees & spreads
Standard account: 0.3–0.7 pips on EUR/USD, no commission. At the midpoint, that is circa $5 per lot — cheaper than IC Markets’ raw account. Raw Spread: 0.0–0.1 pips + $3.50/side = circa $7.00 per lot.
There are no deposit fees and no withdrawal fees on any method, including bank transfer. Exness processes withdrawals automatically, 24/7. The $10 minimum deposit is the lowest among raw-spread brokers in our ranking.
| Cost (EUR/USD) | Exness | IC Markets | Pepperstone |
|---|---|---|---|
| Spread — standard | 0.3–0.7 pips (typical) | 0.8 pips (typical) | 1.0 pips (typical) |
| Spread — raw/ECN | 0.0–0.1 pips (typical) | 0.0–0.1 pips (typical) | 0.07–0.1 pips (typical) |
| Commission | $3.50/side on Raw/Zero accounts | $3.50/side ($7.00 round-turn); cTrader $3.00/side | $3.50/side ($7.00 round-turn); cTrader $3.00/side |
| All-in cost / lot | circa $7.00 per lot (Raw) | circa $7.20 per lot | circa $7.70 per lot |
| Minimum deposit | $10 | $200 | $0 |
Spreads live-sampled on EUR/USD during the London session. Figures are typical, not guaranteed.
Key facts at a glance
Markets you can trade
Platforms & tools
MT4 and MT5 only, plus the proprietary Exness Terminal (web). No cTrader or TradingView. For traders whose strategy depends on either of those platforms, IC Markets or Pepperstone is the better fit. For MT4/MT5 traders, Exness delivers comparable execution at competitive cost.
Is Exness safe? Regulation & protection
Short answer: Exness is a very safe choice. It is regulated by CySEC, FSCA, FSA and holds client money in segregated accounts, with negative-balance protection. It is not authorised by the UK FCA, so UK residents should confirm onboarding eligibility and note that FSCS cover may not apply — None for UK retail (Seychelles FSA entity).
Exness holds CySEC (178/12), FSCA (FSP 51024) and FSA Seychelles licences. UK retail clients are typically served through the offshore entity. No FSCS protection is available. Exness publishes monthly financial reports — unusual transparency for the industry. Negative balance protection applies.
Deposits & withdrawals
Exness’ automated withdrawal system is the fastest in our dataset. Withdrawals process automatically 24/7 — most e-wallet and crypto withdrawals complete in seconds. No fees on any method.
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