Exness Review

Forex Trading Africa annually reviews forex brokers regarded as the best in the world who accept South African traders. We provide valuable information on the platforms, analysis, and tools as well as pricing for you to base your decision on when choosing the right broker for your trading needs.

To trade forex in South Africa, you need to open an account with a regulated broker. Forex is traded over-the-counter through a network of brokers and financial institutions as opposed to a centralized exchange. Forex is a risky instrument to trade. You can minimise the risk by trading through a regulated forex broker who you can trust.


Exness is a well-established global forex and CFDs retail broker that offers access to an extensive range of financial instruments. This includes fiat currency pairs, cryptocurrencies, indices, stocks, metals and energies. Exness is a MetaTrader broker and has also launched its own cutting-edge social trading platform for investors and copy traders.

Exness was founded in 2008 by Petr Valov, together with a team of financial experts and technicians. The Cyprus-based brokerage has experienced outstanding growth since it came to market and has a monthly trading volume in excess of 325 billion USD.

As one of the most established brokers in the industry, Exness is renowned for being regulatory compliant and one of the most reliable brokerages to use for online retail trading. Exness also has a reputation for its game-changing innovations and excellent customer support.





Founded by

Petr Valov

Based in

Limassol, Cyprus

Regulation and license

CySEC : Cyprus Securities and Exchange Commission

FCA : Financial Conduct Authority UK

FSA : Financial Services Authority Seychelles

Does Exness accept forex traders in South Africa?


Regulated in South Africa

Exness is a licensed and regulated by top-tier global authorities but it is not regulated by the Financial Sector Conduct Authority (FSCA) in South Africa.

Regional restrictions

Exness Group does not provide services to residents of several jurisdictions, including the USA









Best forex broker for

Exness is recommended for beginners, intermediate and advanced forex and CFDs traders who are interested in trading multiple financial assets via the popular MetaTrader platforms or a proprietory platform.

Trading platform

MetaTrader 4

MetaTrader 5


Type of broker


Market Maker


Web-based trading platform


Mobile trading app


Minimum position size



Pip spread on majors



Maximum leverage up to 1 000:1 on major forex pairs


Competitive floating spreads on all platforms.

Scalping and hedging



Deposit methods

Wire/bank transfer

VISA or Mastercard debit/credit card



Withdrawal methods

Exness offers the Automated Withdrawal System. This automatic processing service reduces funds transfer time to 1 minute. Requests are processed 24/7, including on weekends and on public holidays.

Funds in Exness accounts can only be withdrawn to your own personal account. This is a safeguard put in place to ensure financial security and prevent money laundering.

Credit providers, banks and payment systems may apply a transaction fee or commission.

Client base

60 000 active clients (2020)

Customer support

Multilingual 24-hour, Monday to Friday

Live phone support operates in several locations on a toll-free number

Live chat available on the Exness app


Exness has been in business since 2008 and has a solid reputation for being a safe and reliable retail broker for forex and CFDs traders around the world. Exness is licensed and regulated by three top-tier regulatory authorities, including FCA in the UK and CySEC in Cyprus.

All companies regulated by CySEC fall under the Investor Compensation Fund (ICF). The Fund compensates covered clients in accordance with the services provided by the Fund member in cases where the Fund member is unable to fulfil its obligations. Clients of Fund members can receive up to 20 000 Euros in compensation.


Deposit insurance

Exness is licensed and regulated by the FCA (UK) which is a member of the Financial Services Compensation Scheme (FSCS). Each covered client gets up to 50 000 Euro compensation cover for deposit protection.

Segregation of funds

Exness keeps all trader funds completely separate from Exness’ own company funds, in accordance with our strict internal policies and procedures. This means that even if the worst occurred and something happened to Exness as a whole, customer funds would be completely secure.

Negative balance protection

Exness offers Negative Balance Protection (NBP) and performs a NULL operation on all accounts that have a negative balance. This ensures you cannot lose more than your total deposits.

2-factor authentication protocol

Exness has implemented a 2-factor authentication protocol. This provides an extra level of security for forex traders and ensures their accounts are protected. Further protection of Exness accounts is provided by cybersecurity protocols and data encryption.





Exness offers leverage up to 2 000:1 on the Standard and Professional accounts.

Competitive spreads and commission

Standard account Spread from 0.3 No trading commission
Professional account : Raw Spread Spread from 0.0 Commission per lot/side up to 3.5 USD
Professional account : Zero Spread from 0.0 Commission per lot/side up to 3.5 USD
Professional account : Pro Spread from 0.1 No trading commission


Web-based and mobile trading

Exness offers clients four trading platforms: MT4, MT5 and WebTerminal.

The popular electronic trading platforms can be accessed via desktop or a mobile device.


Exness app

Exness mobile app is available in both iOS and Android.

Derivative trading instruments

Exness offers multiple derivative trading instruments with a focus on forex, indices and CFDs. A derivative is a contract between two or more parties where the value of the underlying asset is agreed upon and settled when the contract is closed. Parties do not take ownership of the financial asset, they merely speculate on price changes.

The most common derivatives are futures, forwards, options and swaps. Most derivative instruments are traded over-the-counter (OTC) meaning trading bypasses a central exchange.


Exness product portfolio

Forex 80 plus : majors, minors and exotics
Futures Including cocoa, coffee, corn and gas
Indices Trade CFDs on popular Indices from across Europe, Asia and America
Shares Trade CFDs on the Shares of 150+ global companies
Commodities Including cocoa, coffee, copper, cotton and sugar
Metals Including platinum, gold and silver
Energies Including brent oil and natural gas

Free demo account

Exness offers beginner forex traders a free Demo account that they can use to hone their trading skills before trading on a live account with real money.

There is zero risk trading forex with a demo account because clients only use ‘fake’ money to open positions. Exness clients then progress to a Mini trading account when they feel confident trading with their own money.

ECN account

The Exness ECN account is called Zero account and is one of three Professional accounts offered by the brokerage.

Exness charges commission on the Zero account as do other brokers but only at $3.5 per lot. This commission is about 50 to 90 percent lower than other ECN brokers who charge anything from $3 to $5 per lot.

Compared to other ECN brokers, Exness Zero spread is very low; EUR/USD spread is zero and USD/JPY is 0.1 pip.

MetaTrader trading platforms

Exness is a MetaTrader broker which means its clients have access to one of the world’s most popular electronic trading platforms. Both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are available to Exness clients and offer virtually all the charting, analysis and indicators a forex broker in South Africa needs, regardless of level of expertise.

MT4 and MT5 are available for desktop, web trading, multi-terminal trading and trading on mobile devices. This includes Android, iPhone and iPad.


Exness offers WebTerminal as an alternative trading platform.

WebTerminal is an HTML5 web app developed by the creator of MT4 and is a reliable, fast, and user-friendly web platform. All information and data is securely encrypted when transmitted.

Multiple analysis and trading tools

Exness offers clients a wide choice of analysis and trading tools.

The most popular are:

  • Fundamental analysis
  • Technical analysis
  • Sentimental analysis
  • Forex daily signals
  • Support resistance
  • Expert Advisors
  • Free education series
  • Guardian Angel
  • eBook
  • Social Trading
  • Economic Calendar
  • Daily forex news

Virtual Private Server (VPS)

Exness offers a VPS that allows clients to upload and run MT4 Expert Advisors (EAs) and algo bots 24-hours a day without needed to keep a trading terminal running.

VPS is used to create applications for backtesting trading strategies.

Automatic Withdrawal System

Exness supports the Automatic Withdrawal System on its MetaTrader platforms.

98% of all withdrawals are automatic on the Exness electronic payment system. Clients receive money in their wallet within seconds once the system has processed the withdrawal request.


Exness provides quality daily market updates and analysis.

Trading Central WebTV is available on the Exness website. This channel live streams financial news form the New York Stock Exchange.


Educational resources

Exness produces a great selection of educational videos and webinars. The company also has an online Trading Academy.

Webinars and training videos produced by Exness offer clients valuable industry tips on trading strategies and market insights. These are designed to improve clients’ trading knowledge and help them hone their trading strategies.


Islamic account

In observance of the Shariah Law, Exness offers swap-free accounts to clients of the Muslim faith.


Exness Standard account


Minimum deposit 1 USD
Minimum lot size 0.01
Leverage Floating up to 2 000:1
Spread From 0.3
Commission Zero
Trading instruments Forex currency pairs, metals, cryptocurrencies, energies, indices
Order execution Market
Swap-free for Muslim countries Available
Exness Professional account


Raw spread account Lowest raw spreads and a low fixed commission
Zero account 0 spreads for 95% of the trading day on 30 pairs
Pro account Instant execution account; excellent fill with no trading commission
Minimum deposit 500 USD
Minimum lot size 0.01
Maximum lot size 7:00 – 20:59 GMT+0: 200 lots

21:00 – 6:59 GMT+0: 20 lots

Leverage Floating up to 2 000:1
Spread From 0.0 to 0.1
Commission Raw spread account: up to 3.5 USD

Zero account: up to 3.5 USD

Pro account: no trading commission

Trading instruments Forex currency pairs, metals, cryptocurrencies, energies, indices
Order execution Raw spread account: Market

Zero account: Market

Pro account: Instant market

Margin call 30 percent
Swap-free for Muslim countries Available


It only takes a few minutes to set up an account with Exness and start trading forex and CFDs.

Follow the easy steps on the website:

  1. Open an Exness account by completing the online registration form
  2. Verify your details
  3. Decide if you will trade via a free Demo account, Standard account or Professional account
  4. Deposit funds
  5. Open the web, desktop or mobile trading platform and place your first trade



Exness is a well-established online retail forex broker with a solid reputation for being reliable, compliant with regulators and safe to use. The global forex and CFDs broker is regulated by two of the highest-tier regulatory authorities; the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC).

The global brokerage has experienced outstanding growth since it was launched in 2008 and appeals to be both beginner and advanced forex and CFDs traders. Exness offers a variety of account types with tight spreads and low minimum balances and access to over 160 financial instruments.

Professional forex traders will find that the ECN account is extremely competitive. Exness charges commission on the Zero account but only at $3.5 per lot. This commission is about 50 to 90 percent lower than other ECN brokers who charge anything from $3 to $5 per lot. Compared to other ECN brokers, Exness Zero spread is very low; EUR/USD spread is zero and USD/JPY is 0.1 pip.

Exness is an excellent choice for beginner forex traders who don’t want to deposit a lot of funds initially or who aren’t trading full-time. The brokerage offers a free Demo account and an Exness Mini account which only requires a $1 minimum deposit, no deposit and withdrawal commissions and a minimum lot size of 0.0001.


Trading foreign currencies on margin carries a high level of risk and it may not be suitable for all traders and investors. Forex is a highly leveraged financial instrument and these high risk stakes can result in you losing a substantial amount of money. Consider your appetite for risk before trading forex using real money on a live account.

forex trading africa

Featured Writer on SA Shares, Forexsuggest and Forextrading.africa