For overseas forex cashback services, try Money Charger

Exdefine

A thorough investigation of Exness's reputation | From safety to rumors of withdrawal refusals

Posted by: MoneyChat Editorial Department

Exness is an overseas forex broker that offers an attractive trading environment where you can aim for high returns even with a small amount of capital, thanks to features such as unlimited leverage and zero-cut protection

On the other hand, there are also disadvantages, such as leverage restrictions and widened spreads in the early morning

This article examines and summarizes the safety and reliability of Exness, as well as its positive and negative reputation based on actual user reviews

The MoneyChager editorial team has gathered information from the research of over 20,000 users, and we can deliver genuine, real-world reviews and opinions, so please look forward to it. We

also take safety into consideration, referencing the Financial Services Agency and the Financial Futures Trading Act

Contents

Exness overall rating

◀You can scroll▶

item evaluation
Safety and reliability Approved by the FCA (Financial Conduct Authority, UK)
Leverage Industry-leading unlimited leverage
spread The narrowest account type is for advanced users
Swap points Swap-free ◎, Positive swap ×
Execution power Market orders are excellent
Number of brands handled Cryptocurrencies and stocks can also be traded
Deposit/withdrawal High-value withdrawals guaranteed in as little as one business day
Trading platform MT4, MT5, and smartphone apps are all covered
Bonus T Only a points system for heavy users
Japanese support There is no official website in Japanese, but member services are available in Japanese

The overall rating for Exness is as shown above

When researching positive reviews and testimonials about Exness, it was clear that unlimited leverage, spreads, and the sense of security that comes with being a major company were highly praised.

Unlimited leverage is the highest leverage ratio available in overseas forex trading

Furthermore, because Exness is a major company with over 10 years of operating experience, traders trust it highly, as evidenced by customer reviews, to ensure they can withdraw their earnings no matter how much they make with unlimited leverage .

is a broker that consistently ranks highly in rankings of popular and recommended overseas forex brokers, based on actual customer reviews and feedback

Summary of Exness's safety and reliability

Here, we will explain the safety and reliability of Exness based on the following five points

Checking reliability and security is the most important factor when choosing an overseas forex broker

Let's take a closer look at the reasons behind Exness's high reputation in the industry and the trust it has earned

Exness operating company

itemContent
Operating companyExness (SC) Ltd
Financial LicenseSeychelles Financial Services Authority
License numberSD025
locationOffice 107, 1st Floor, Waterside Property Ltd, Eden Island, Mahe, Seychelles
Support emailsupport@exness.com
Official websitehttps://www.exness.com/
Exness's operational information

Exness is a global group of companies that provides FX services worldwide. Operating since 2008, it is currently used by traders in over 98 countries.

Accounts that can be opened by users residing in Japan are operated by a company called "Exness (SC) Ltd." Exness (SC) Ltd is officially licensed by the Financial Services Authority (FSA) of the Republic of Seychelles and is registered as a financial services provider.

The official website clearly states the company name, address, license number, and support contact information, so you can rest assured that the operating company is clearly identified

MoneyChat Editorial Department

Exness has multiple operating companies within its group, and by dividing responsibilities among different companies for each country and region, it ensures that its operations comply with regulations and laws.

Services for residents of Japan are one example of this, and currently, account opening and support are available through a website that is only available in English.

Exness financial license

Because Exness operates globally, it holds financial licenses in multiple countries

A license is a permit to conduct financial businessTo obtain the license, the financial structure and soundness of operations are rigorously reviewed

Registered companyFinancial LicenseRegistration number
Exness (UK) LtdUK Financial Conduct Authority (FCA)730729
Exness (CY) LtdCyprus Securities and Exchange Commission (CySEC)178/12
Exness ZA (PTY) LtdSouth Africa Financial Services Commission (FSCA)51024
Exsage BV.Central Bank of Curaçao (CBCS)0003LSI
Exness (MU) LtdMauritius Financial Services Commission (FSC)GB20025294
Exness (KE) LimitedKenya Capital Markets Authority (CMA)162
Exness Limited Jordan LtdJordan Securities Commission (JSC)51905
Exness (VG) LtdBritish Virgin Islands Financial Services Commission (BVI FSC)2032226
Exness (SC) LtdSeychelles Financial Services Authority (FSA)SD025
Financial licenses held by Exness

The Exness Group currently holds more than nine licenses, including permits from globally recognized regulatory bodies such as the UK's FCA (Financial Conduct Authority) and Cyprus' CySEC

These licenses require regular audits and financial reporting even after acquisition, and any irregularities can result in penalties or business suspension, making them very strict rules

MoneyChat Editorial Department

Exness, which is available from Japan, is operated by Exness (SC) Ltd, which is licensed by the Seychelles Financial Services Authority (FSA) under "SD025".

Furthermore, it is registered with the FSCA in South Africa and operates under multiple oversight bodies, ensuring its reliability and security.

For more detailed information on overseas forex financial licenses, please see List of Overseas Forex Financial Licenses

Unregistered with Japan's Financial Services Agency

Exness is an "overseas forex broker" that is not registered with the Japanese Financial Services Agency

When providing financial services in Japan,While registration with the Financial Services Agency is normally required, Exness is based overseas and does not have a business office in Japan

Therefore, it is not included in the registration list of the Japanese Financial Services Agency

03_page-0001
Source: Financial Services Agency

In the past, we had published a Japanese-language website and provided information to residents of Japan, which led to us being warned by the Financial Services Agency as an "unregistered business."

However, this warning does not mean that they are "illegal operators," but merely serves as a caution that they are "operating without registration and targeting Japanese people."

No fines or business suspension measures were imposed. Currently, the Japanese website has been closed, and services are being provided through the English version of the website.

MoneyChat Editorial Department

There is no law prohibiting Japanese residents from using overseas forex trading; it is permitted solely at the individual's own risk.

Therefore, it is important to understand the risks and terms of service before opening an account.

Is it illegal to use overseas forex brokers? In conclusion, using overseas forex brokers is legally permitted.

The legality of overseas forex brokers is explained in detail in
A Thorough Explanation of the Illegality of Overseas Forex Brokers, the Financial Services Agency's Warnings, and Legal Opinions

Exness segregates customer assets

At Exness, we practice "segregated accounts," which means managing customer funds and company operating funds separately

This is a basic obligation for FX brokers and is a mechanism to protect traders' funds from being used for company payments or other purposes

Even if the company faces a financial crisis, customer funds will be safely held in a separate account to prevent them from falling into the hands of creditors

Separate management/trust preservation images
Segregated management and trust protection

Furthermore, Exness is a member of the Financial Commission, a third-party organization

The Financial Services Commission acts as a neutral body to resolve disputes between FX brokers and users, and is in place to compensate each individual up to 20,000 euros (approximately 3 million yen)

MoneyChat Editorial Department

Thus, Exness has two systems in place: "internal fund management + compensation system by external organizations," and this high level of financial security has earned it the trust of its users

Fund management systems related to trust protection in overseas forex trading are explained in detail in Trust Protection in Overseas Forex Trading

Highly transparent management is well-regarded

Exness is known as an FX broker with a highly transparent trading environment

One of the reasons is,Past tick history (price data) made publicly availableThis is what is being done. Tick history is data that meticulously records price fluctuations and spread widening every second, and is information that is not usually made public

On the official website, you can download price data for over 10 years from the past for free by specifying the currency pair, date, and time

By making tick history public, anyone can verify things like "whether there was any price manipulation," "how much the spread widened," and "whether the price movements during economic indicator announcements were accurate."

The fact that traders themselves can use it for backtesting and verification is another feature not commonly found in other companies' products

MoneyChat Editorial Department

Exness also publishes information on its trading environment, order execution speed, and execution rate on its official website.

Few brokers disclose actual data, and this kind of transparent information sharing contributes to Exness's trustworthiness.

Exness is recommended for these types of traders

Exness is a recommended overseas forex broker for traders who fit the following criteria:

Based on the reviews and testimonials we investigated in this article, choosing Exness if these conditions apply to you can lead to profits under favorable conditions

Here, we will explain in an easy-to-understand way the types of traders who are a good fit for Exness

Traders who prioritize the trading environment over bonuses

① Traders who prioritize the trading environment over bonuses

Exness is an overseas forex broker that is suitable for traders who prioritize "ease of trading" and "price stability" over campaigns and deposit bonuses

While many overseas forex brokers offer flashy bonuses to attract customers, Exness focuses on the trading environment itself, including execution speed, leverage, spreads, and transparency

The following points, in particular, are areas where we excel compared to other companies

  • Fast execution speed and less slippage in orders
  • The server is stable, and orders are likely to go through even during economic indicator announcements
  • Features such as unlimited leverage and low spreads provide ample conditions that lead to actual profits
  • They publish tick history and spread data, demonstrating high transparency in their operations

Exness generally does not offer bonuses

Therefore, it is suitable for people who prioritize the quality of each trade over bonuses to increase their capital

Conversely, for those who want to trade with small amounts of bonus money, using a bonus-focused broker in conjunction with other methods is also an option

Check out ranking of the latest bonus campaigns for overseas forex brokers with good bonus conditions

Traders aiming for huge profits with small amounts of capital

② Traders aiming for huge profits with small amounts of capital

Exness is suitable for traders who want to aim for large profits with a small amount of capital

The biggest reason is the unlimited leverage (effectively 2.1 billion times) available if certain conditions are met

With this unlimited leverage applied, the required margin per lot can drop to as low as a few tens of yen, making it attractive due to its high capital efficiency.

If you can manage the stop-loss range and the cost of the spread,Even with an initial investment of around 10,000 yen, it's possible to earn a substantial profit

Furthermore, Exness employs a zero-cut system that eliminates margin calls, so even in the event of sudden market fluctuations, you don't have to worry about incurring losses exceeding your account balance

MoneyChat Editorial Department

On the other hand, high leverage carries the risk of not only large profits but also large losses.

While it can be a powerful tool for those who can manage themselves by adjusting lot sizes and strictly adhering to stop-loss orders, emotional trading can easily lead to losing money.

For those who want to quickly increase their capital from a small amount, it is especially important to be mindful of risk management when trading.

Exness's high leverage is overwhelmingly superior compared to other overseas forex brokers.

For a comparison of leverage offered by various overseas forex brokers, please see our article Overseas Forex Leverage Comparison

Traders who want to trade with a low spread account

③ Traders who want to trade with low spreads

For traders who want to minimize transaction costs, Exness's low-spread account is a good choice

In particular , the "Low Spread Account" and "Zero Account" are popular because they allow trading from as low as 0 pips and offer some of the narrowest spreads in the industry .

The narrower the spread, the lower the trading costs and the more favorable the entry price

It is especially well-suited for trading styles that benefit from low spreads, such as scalping and day trading

Exness ranks highly in Overseas Forex Spread and Fee Comparison List which compares the spreads of various overseas forex brokers

Does Exness refuse withdrawals?

One of the main concerns when using overseas forex brokers is, "Will they refuse to let me withdraw my funds?"

Here, we will explain the following points based on customer reviews and feedback regarding Exness's withdrawal refusals

Let's take a closer look at each of them

There are no malicious withdrawal refusals at Exness

In conclusion, no instances of intentional or fraudulent withdrawal refusals have been confirmed at Exness

On social media and overseas review sites,There have been reports of withdrawals ranging from several million to tens of millions of yen, and multiple posts have been made with images showing the actual funds receivedthere is

While some users reported delays in withdrawals, this was due to processing delays by a payment processing company we previously partnered with. Funds were always received within a few days, and this was not a case of malicious non-payment or ignoring the customer

The payment system has now been improved, and the speed of withdrawal processing is stable

MoneyChat Editorial Department

Exness holds a financial license and participates in fund segregation and third-party compensation schemes, making it a relatively low-risk broker in terms of the risk of misappropriation of funds or refusal of withdrawals

Pay attention to cryptocurrency withdrawal rules

With Exness, you are required to follow the established withdrawal rules

There are several points to keep in mind, especially if you deposit using cryptocurrency

First, has a basic rule that "withdrawals must be made using the same method and up to the amount deposited."

A common problem here is that some cryptocurrency exchanges use different addresses for deposits and withdrawalsIn this case, you may not be able to withdraw funds to the same address to which you made the deposit, and your request may be rejected

Here are three points to check when withdrawing funds using cryptocurrency:

  • Can I withdraw to the same wallet address I used for deposit?
  • Whether the cryptocurrency exchange you are using uses the same address for both deposits and withdrawals
  • If that's difficult, you can also use your own wallet, such as MetaMask

It's important to note that Exness isn't necessarily refusing withdrawals; rather, there are cases where withdrawals become impossible due to the wallet or exchange's system architecture

MoneyChat Editorial Department

When using cryptocurrency for deposits and withdrawals, understanding the address system beforehand can help prevent problems

In the past, there have been reports of delayed withdrawals

Around June 2024, Exness's withdrawal delays became a hot topic

The reason for the withdrawal delay was that the payment processing company we were partnered with at the time was slow to process the payments

Exness processed the withdrawal promptly, and the account page showed the withdrawal as completed

The withdrawal delay issue has now been resolved, and we are able to offer withdrawal speeds as fast as same-day processing

The reality of withdrawal refusals that can occur with overseas forex trading is explained in detail in the article
Causes and Solutions for Withdrawal Refusals in Overseas Forex Trading

Exness's Negative Reputation | 6 Items

After investigating customer reviews of Exness, we found the following seven negative points:

Here, let's take an unbiased look at the negative reputation surrounding Exness

Strict leverage restrictions

One of the negative reviews of Exnes is that "the leverage restrictions are strict."

While Exness offers unlimited leverage, several leverage limiting rules are in place from a risk management perspective

  • Leverage restrictions based on margin balance
  • Leverage restrictions before and after the release of economic indicators
  • Leverage restrictions by trading instrument
  • Leverage restrictions on weekends and public holidays

Normally, even with unlimited leverage,Leverage is 200 times from 15 minutes before the release of economic indicators until 5 minutes after the releaseIt is restricted to

Compared to the leverage restrictions of other companies, there are more frequent instances of restrictions, and the rule changes from unlimited to 200x, so many users are dissatisfied with the strict rules

For brokers with favorable leverage conditions, please check our ranking of recommended overseas forex brokers based on leverage comparison

Widening of spreads in the early morning is noticeable

Exness is highly regarded by many traders for its consistently narrow spreads

On the other hand, many people report that spreads tend to widen suddenly during the early morning hours

In the early morning, there are fewer market participants and trading volume decreases, making it easier to lack the data needed to determine prices

Exness is no exception; spreads may be wider than usual during this time

In particular, during the time between the New York market closing and the London market opening (around 4-7 AM Japan time), spreads can widen to 1.0 pip or more even for major currency pairs such as EURUSD and USDJPY

Considering that the usual spread is in the range of 0.0 to 0.2 pips, this difference feels quite significant

If you're interested in comparing the spreads offered by various overseas forex brokers, please see our article Comparison List of Overseas Forex Spreads and Fees

Many orders are being rejected on professional accounts

Exness's Pro account has narrow spreadsIt is suitable for discretionary trading and scalping, but there are also reviews mentioning that "order rejections (requotes) are frequent."

This is due to the specifications of the professional account

With a Pro account, you can choose between two types of order types: "Instant Execution" and "Market Execution"

With instant execution, the order will be executed at the specified price,Even a slight price discrepancy can result in a rejection with the message, "We cannot execute the order at this price." This is the main reason for order rejection

On the other hand, market orders execute trades at the best rate available at the time of the order, which makes slippage more likely, but order rejections are extremely rare.

MoneyChat Editorial Department

Order rejection is not due to a system malfunction or fraud, but rather a consequence of the order placement system's mechanism.

When using a professional account, it's important to understand this point and use it accordingly.

Positive swap cannot be received

While Exness offers an environment well-suited for scalping and short-term trading, some say it's not very suitable for medium- to long-term trading aimed at earning swap points

The reason is that there are few currency pairs that offer positive swaps (swaps that allow you to receive interest)

Overseas Forex Brokersshortlong
Exdefine-180
Axi-19.511.4
TitanFX-19.47.25
XS.com-36.46.58
XMTrading-28.73.93
FXGT-27.13.94
May 2025: USD/JPY Swap Points

For example, with a long position in USD/JPY, you would typically receive swap points with most overseas forex brokers, but with Exness, the swap points for the same currency pair may be zero or even negative.

This specification can be seen not only with currencies but also with CFD instruments such as gold and stock indices

For a comparison of swap points offered by various overseas forex brokers, please see A Thorough Comparison of Overseas Forex Swap Points

Advanced account types start with a minimum deposit of $1,000

At Exness, if you want to use an advanced account type with very narrow spreads (such as a Pro account, Low Spread account, or Zero account), the initial deposit is set at $1,000 or more (approximately 150,000 yen)

compared to beginner-friendly account types makes it "difficult to try out casually" and "a high hurdle for beginners."

MoneyChat Editorial Department

This minimum deposit amount can be particularly burdensome for those who want to start trading with a small amount of money or who want to practice with a standard account first

There are deposit limits

Exness has limits on the amount that can be deposited, depending on the user's country of residence and identity verification status

When using the service from Japan, even if identity verification (KYC) has been completed,There is a limit of $30,000 (approximately 4 million yen) per deposit or within a certain periodThere isYou cannot deposit an amount exceeding this limit in a single deposit

While this may not have a significant impact on those trading with small amounts of capital, it can be inconvenient for traders who want to use large sums of money for serious trading

This is especially important for those who want to trade large lots with Pro accounts or Zero accounts, or those who want to maintain high margin levels at all times

MoneyChat Editorial Department

If you wish to invest an amount exceeding the deposit limit, you can choose to deposit it in multiple installments or manage your funds by diversifying them across other accounts or other brokers

Exness's positive reputation | 8 items

After investigating customer reviews of Exness, we found the following eight points to be positive:

Let's take a closer look at the positive reputation of Exness, which is highly regarded even by professional traders who prioritize the trading environment

You can trade in large lots even with a small amount of capital

Exness offers unlimited leverage and extremely low margin requirements, resulting in high capital efficiency. Even with less than 10,000 yen, it's possible to multiply your account balance several times in a short period of time

On social media, you can see many posts from people who have significantly increased their initial capital of 10,000 to tens of thousands of yen in a short period of time

It works particularly well with volatile assets such as gold (XAUUSD) and the dollar-yen exchange rate

MoneyChat Editorial Department

However, since higher leverage also increases the likelihood of larger losses, it is important to clearly define your stop-loss level and calculate your lot size in advance.

Unlimited leverage is not a highly speculative system; when used correctly, it can be a tool that maximizes capital efficiency.

For more details on Exness's leverage, please see A Thorough Explanation of Exness's Leverage

The forced stop-loss level is 0%

A forced stop-loss is a mechanism that automatically closes positions to protect the funds in your account when your margin falls below a certain percentage

While other overseas forex brokers often set their margin maintenance ratios at 20-50%, Exness allows you to hold positions until the margin maintenance ratio reaches 0%

Positions are executed quickly

Position execution is fast, and deposits and withdrawals are equally quick and reassuring. Most importantly, the ability to withstand a margin ratio of 0% is fantastic (I managed to hold out at 2% and take profits). While it can be a little unsettling when the market is volatile, it's generally satisfactory. Including the leverage, it's a very attractive company

Quote: Trustpilot

forced stop-loss level means that even if unrealized losses temporarily increase, there is less worry about being immediately forced to close positions, which is an attractive feature as it allows for a wider range of trading opportunities.

MoneyChat Editorial Department

However, while it's difficult to pinpoint losses, if left unchecked, your account balance could suddenly drop to zero.

Exness's 0% stop-loss level can be described as "an environment where you can freely control how you take risks," so if you thoroughly implement stop-loss and lot size management, it can become a powerful tool.

Advanced account types offer narrower spreads

One of the biggest attractions of Exness is the narrow spreads offered on its advanced accounts

Especially with Zero Account and Low Spread Account, you can trade major currency pairs at extremely low levels of 0 to 0.1 pips, significantly reducing actual trading costs compared to other companies.

Company Name
Account Type
USD/JPYEURUSDGBPUSDAUDUSDXAUUSD
Exness
Zero Go
0.45 pips
(0.1+0.35)
0.45 pips
(0.1+0.35)
0.65 pips
(0.2+0.45)
0.6 pips
(0.1+0.5)
0.8 pips
(0+0.8)
Axi
Elite Account
0.675 pips
(0.5+0.175)
0.575 pips
(0.4+0.175)
0.875 pips
(0.7+0.175)
0.475 pips
(0.3+0.175)
1.35 pips
(1.0+0.125)
TitanFX
Blade Account
1.15 pips
(0.8+0.35)
0.95 pips
(0.6+0.35)
1.35 pips
(1.0+0.35)
0.75 pips
(0.4+0.35)
2.63 pips
(2.6+0.03)
XS.com
Elite Account
1.3 pips
(1.0+0.3)
0.6 pips
(0.3+0.3)
0.8 pips
(0.5+0.3)
0.6 pips
(0.3+0.3)
0.9 pips
(0.6+0.3)
XMTrading
Zero Account
1.0 pips
(0.5+0.45)
0.9 pips
(0.4+0.5)
1.9 pips
(1.4+0.5)
1.5 pips
(1.0+0.5)
2.8 pips
(2.3+0.5)
FXGT
ECN account
1.0 pips
(0.7+0.3)
0.9 pips
(0.6+0.3)
1.2 pips
(0.9+0.3)
1.2 pips
(0.9+0.3)
2.85 pips
(2.6+0.25)
Comparing Exness's spreads with other companies

The listed spread is the effective average spread including transaction fees. The value in parentheses is the average spread plus transaction fees

Even including transaction fees, the actual cost is often less than half of that of many overseas forex brokers, making it very suitable for scalping and day trading, which involve high-frequency trading.

MoneyChat Editorial Department

With the Zero Account, there are times when the spread is completely 0 pips for some currency pairs, making it a popular choice among professional traders and automated trading (EA) users.

Actual spreads are published on the official website and in Exness's tick data, and this high level of price transparency also contributes to its trustworthiness.

The spreads for all instruments handled by Exness are compiled by the MoneyChat editorial team through their own research and are listed in Exness Actual Spread List

Swap-free and strong for long-term holding

Exness is also highly regarded for its swap-free trading (trading conditions that do not incur swap points)

It's stress-free

The peace of mind that comes with a swap-free policy makes long-term positions stress-free

I use MT5 on both my PC and smartphone, but I personally find the dedicated app surprisingly easy to use in certain situations

Quote: Trustpilot

Normally, if you carry a position over to the next day, swap points are incurred depending on the currency pair and instrument, which can result in either a profit or a loss

However, with Exness's swap-free setting, you can hold positions for the long term without worrying about the burden of these swap payments

MoneyChat Editorial Department

The benefits of swap-free accounts are particularly significant for assets with large price fluctuations and a high likelihood of incurring negative swaps, such as gold (XAUUSD) and cryptocurrencies

Wide range of brands

In addition to currency pairs, the platform offers a wide range of trading opportunities, including precious metals such as gold and silver, energy sources like crude oil and natural gas, US and European stock indices, and even cryptocurrencies and individual stocks

With access to multiple markets through a single account, you're less likely to miss trading opportunities, and it becomes easier to manage your funds flexibly and diversify your investments according to market conditions.

MoneyChat Editorial Department

For example, when the foreign exchange market is sluggish, you can trade gold or stock indices, and conversely, when the stock market is unstable, you can choose currency pairs such as the US dollar or the yen.

Another feature is that there are assets that can be traded even on weekends, like cryptocurrencies, so you can continue trading regardless of the time or market conditions.

The smartphone app is easy to use

Exness provides a comfortable trading environment not only on PCs but also on smartphones

The official app is highly user-friendly, to complete everything from account opening and deposits/withdrawals to position management and chart analysis, all from your smartphone .

While it's possible to use MT5 or MT4, Exness's proprietary app is simpler and easier to understand, making it popular even among beginners who want to use it without any difficulty

MoneyChat Editorial Department

Within the app, you can instantly check real-time rates, economic news, trading ideas, and the profit/loss of your open positions. You can also

modify or close orders with a single tap, even when you're on the go, making it less likely you'll miss opportunities and allowing you to quickly respond to sudden market changes.

Professionals manage social trading

Exness offers a social trading feature that allows you to directly apply the trades of professional traders to your own account

Social trading is a system where you can check the trading performance and transaction history of traders that are publicly available through so-called "copy trading," and simply by following your favorite traders, the same trades will be automatically copied .

Since the funds remain in your own account and are managed there, you can rest assured knowing that you can unfollow, withdraw, or stop trading at any time

Furthermore, a portion of the profits generated from the copied trades is paid to the trader as compensation, and there are no participation fees or fixed costs

MoneyChat Editorial Department

For traders who want to increase their assets by leveraging professional judgment rather than trading on their own, Exness's social trading platform is a major attraction

With a wide variety of deposit and withdrawal methods, funds arrive quickly

Exness is also highly regarded for its ease of deposits and withdrawals

While complaints about slow withdrawals and delays in receiving funds are common with overseas forex brokers, many users of Exness have reported being able to withdraw their funds within the same day to one business day.

In particular , it supports multiple methods such as domestic bank transfers, Bitwallet, and USDT (cryptocurrency), ensuring smooth fund transfers.

In reality, there have been cases on social media where withdrawals of several million yen or even over 10 million yen have been made, and even large amounts have been received without any problems

The process can be completed in just a few clicks from your member page, and the fees are free or kept to a minimum

Withdrawal methodsWithdrawal feesMinimum withdrawal amountWithdrawal limit (per transaction)Payment time
Domestic bank transferfree$100 equivalentEquivalent to $25,00024 hours to 3 business days
Credit card / Debit cardfreeMinimum deposit amount listed in deposit historyUp to the total amount of depositsup to 30 days
bitwalletfree$1 equivalentEquivalent to $22,000Within 1 business day
STICPAYfree$1 equivalentEquivalent to $10,000Within 1 business day
Cryptocurrencyfree$10 equivalentEquivalent to $1,000,000Immediately to 1 hour
List of Exness withdrawal methods
MoneyChat Editorial Department

The ability to deposit and withdraw funds smoothly is a crucial factor in allowing traders to focus on their trading with peace of mind.

Exness is a trusted overseas forex broker in this respect as well.

Advantages and disadvantages of using Exness

Benefits of using Exness

    rn t

  • The easiest way to make money with capital of 700,000 yen or less
  • rn t

  • Swing trading is low cost
  • rn t

  • Withdrawals while holding positions are risk-free
  • rn

rn

Disadvantages of using Exness

    rn t

  • There are times when leverage cannot be utilized effectively
  • rn t

  • There is no official page in Japanese
  • rn t

  • Unable to open a corporate account
  • rn

rn

Here, we'll explain in detail the advantages and disadvantages of using Exness

Let's take a closer look at the specific advantages and disadvantages of Exness, summarizing the positive and negative reviews mentioned earlier

There are three advantages to using Exness

The following three points highlight the advantages of using Exness:

Exness is an overseas forex broker that offers overwhelmingly many advantages for traders who want to earn money with small amounts of capital

We will explore the advantages of Exness, including what benefits make it possible to make money with a small amount of capital in this trading environment

The easiest way to make money with capital of 700,000 yen or less

For traders who want to make money with capital of 700,000 yen or less, Exness is arguably the best trading environment

Exness allows you to boost your capital of less than 700,000 yen with unlimited leverage

Additionally, unlimited leverage is only available with Exness if your margin balance is less than $5,000 .

Therefore, trading with a small amount of capital, such as less than approximately 700,000 yen, allows you to fully utilize the benefits of unlimited leverage

Swing trading is low cost

Exness is well-suited for "swing trading," where once you've made a profit, you hold the position for several days to aim for larger profits

This is because Exness offers swap-free trading, meaning there are no carry-over costs due to negative swaps .

By taking advantage of the swap-free and unlimited leverage, it's entirely possible to more than double your capital in just one trade

Withdrawals while holding positions are risk-free

Exness makes it possible to implement a strategy that aims for profit with zero risk

With Exness, you can withdraw funds while holding a positionOnce unrealized profits have grown, withdrawing the principal makes zero-risk trading possibleis

For example, if you use 100,000 yen to engage in high-leverage trading and your unrealized profit reaches 150,000 yen, you can withdraw your initial 100,000 yen and continue to grow your profits

Even if you lose, Exness offers a zero-cut policy, meaning you won't lose more than your account balance, allowing you to pursue profits risk-free

There are three disadvantages to using Exness

The following three points are disadvantages of using Exness:

Exness is renowned as the best platform for small-capital trading, but it has its drawbacks, including its detailed rules and suitability for certain user groups

Let's take a closer look at the specific disadvantages of Exness

There are times when leverage cannot be utilized effectively

There are times when you can't take advantage of Exness's strength, which is high leverage

Leverage restrictions are mainly imposed around the release of economic indicators and in the early morning hours, when leverage is limited from unlimited to 200 times

Furthermore, while Exness's maximum lot size is 200 lots, it is limited to 20 lots from 6:00 AM to 4:00 PM, meaning traders in the Tokyo market during the day cannot make large trades

There is no official page in Japanese

Exness does not have an official website in Japanese

Although several websites exist that look similar to the official Exness website, the official Japanese version of the Exness website was discontinued in September 2023

Therefore, to gather information about Exness, you should rely on media outlets that introduce Exness in Japanese, such as this website

Furthermore, residents of Japan must use a link issued by an authorized Exness partner to open an Exness account

Unable to open a corporate account

Exness is currently not accepting new corporate account applications

There is no deadline for reopening corporate account applications, which is a disadvantage for corporate traders

Corporate accounts for overseas forex trading offer the advantage of preferential tax treatment compared to individual accounts

For example, while an individual's annual income tax can be as high as 45%, corporate accounts are subject to corporate tax, which can drop to as low as 23.2%

Corporate accounts for overseas forex trading are explained in detail in Comparison of Corporate Accounts for Overseas Forex Trading

Exness account types and trading conditions

Exness offers a total of five different account types

There are two account types for beginners and three account types for advanced users

Each account type has trading conditions optimized for its respective trading style

Account types suitable for beginners

Account typeStandard AccountStandard Cent Account
Maximum leverageUnlimitedUnlimited
Transaction feesfreefree
spread0.2 pips ~0.3 pips ~
Execution methodMarket executionMarket execution
SlippageEasy to wake upEasy to wake up
Requote (rejection of trade)Difficult to wake upDifficult to wake up
Brands we handleCurrency pairs: 96 types
Precious metal CFDs: 15 types
Energy CFDs: 3 types
Cryptocurrency CFDs: 10 types
Stock index CFDs: 10 types
Stock CFDs: 93 types
Currency pairs: 34 types
Precious metal CFDs: 2 types
Margin CallMargin maintenance ratio 60%Margin maintenance ratio 60%
Forced stop-loss levelMargin maintenance ratio 0%Margin maintenance ratio 0%
Minimum initial depositEquivalent to $150Equivalent to $150
Trading platformMT4
MT5
dedicated app
MT4
MT5
dedicated app
Trading conditions for Standard Account and Standard Cent Account

Account types for advanced users

Account typeProDriveLow Spread AccountZero Account
Maximum leverageUnlimitedUnlimitedUnlimited
Transaction feesfreeMaximum one-way fare is $3.50Minimum one-way fare: $3.50
spread0.1 pips ~0 pips ~0 pips ~
Execution methodMarket execution/immediate executionMarket executionMarket execution
SlippageMarket order: More likely to occur.
Immediate order: Less likely to occur.
Easy to wake upEasy to wake up
Requote (rejection of trade)Market order: High
Immediate execution: Less likely to occur
Difficult to wake upDifficult to wake up
Brands we handleCurrency pairs: 73 types
Precious metal CFDs: 15 types
Energy CFDs: 3 types
Cryptocurrency CFDs: 11 types
Stock index CFDs: 10 types
Stock CFDs: 72 types
Currency pairs: 73 types
Precious metal CFDs: 15 types
Energy CFDs: 3 types
Cryptocurrency CFDs: 11 types
Stock index CFDs: 10 types
Stock CFDs: 72 types
Currency pairs: 73 types
Precious metal CFDs: 15 types
Energy CFDs: 3 types
Cryptocurrency CFDs: 11 types
Stock index CFDs: 10 types
Stock CFDs: 72 types
Margin CallMargin maintenance ratio 30%Margin maintenance ratio 30%Margin maintenance ratio 30%
Forced stop-loss levelMargin maintenance ratio 0%Margin maintenance ratio 0%Margin maintenance ratio 0%
Minimum initial deposit$1,000 equivalent$1,000 equivalent$1,000 equivalent
Trading platformMT4
MT5
dedicated app
MT4
MT5
dedicated app
MT4
MT5
dedicated app
Trading conditions for Pro Account, Low Spread Account, and Zero Account

For beginners, we recommend the Standard account, which offers no trading fees and unlimited leverage

When upgrading from a Standard account to an account type with more favorable spreads, we recommend the Pro account

If you want to trade with a minimum spread of 0 pips, the Low Spread account recommended. If you want to trade in the most advantageous environment at Exness, the Zero account is recommended.

For details on the features of each Exness account type, please see A Complete Guide to Exness Account Types

Exness Account Opening Procedure

Here, we will explain the steps for opening an account with Exness

Go to the Exness account registration page

Open the Exness account registration page from the link below

By registering an account through this link, you can receive cashback for every transaction with Money Charger (Manecha)

Click here if you want to learn more about Money Charger's cashback program

Enter the required information

Fill in each field on the Exness account registration application form

The items to be entered are as follows:

itemContent
Country/Region of ResidenceSelect your country of residence
email addressPlease enter your email address.
*Make sure it's one that can send and receive emails, as you will need it again in the future.
Any passwordSet any password that meets the specified conditions
Input fields for account registration

Once you have filled in all the fields, check the box that says "I am not a U.S. citizen or resident," then tap "Continue" to proceed

Choose a trading account

On the account selection screen, choose a real trading account

Create a trading account

Tapping "Open this account" will complete your Exness account registration and take you to your account page

Check your login information via email

After registering your account, you will receive an email from Exess containing your login information for your personal area

Tap "Open a trading account" in the email body

Select trading account information

The Exness trading account opening page will be displayed

Please fill in the following items

itemContent
Account typeSelect your main trading account
Trading platformSelect your trading platform from MT4 or MT5
Maximum leverageSelect the maximum leverage ratio
currencySelect margin currency
Account nicknameSet a custom nickname for your account
Account passwordSet a password that meets the specified conditions
Trading account settings

Trading account opening complete

Once you open a trading account, a new account will be added to your account page

This completes the process of opening an Exness account

Exness deposit and withdrawal methods

This section explains the deposit and withdrawal methods supported by Exness

Let's take a look at each of them

Exness deposit methods

Exness supports the following eight deposit methods:

List of deposit methods for Exness

Payment MethodsDeposit feeEstimated time for receiving paymentMinimum deposit amountMaximum deposit per transaction
BitwalletfreeMaximum 30 minutes$10$22,000
Domestic bank transferfreeUp to 5 business days$10 to $80Up to $25,500 worth
credit cardfreeMaximum 30 minutes$10$10,000
Happy MoneyfreeMaximum 30 minutes$50$100,000
SticPayfreeMaximum 30 minutes$10$10,000
TigerPayfreeMaximum 30 minutes$1,000$100,000
CryptocurrencyfreeUp to 72 hours$10$10,000,000
International bank transferfreeUp to 72 hours$10,000$250,000
List of payment methods for Exness

At Exness, all deposit methods are available free of charge.

Bitwallet and domestic bank transfers are easy to use, and deposits from Bitwallet arrive almost instantly

Additionally, domestic bank transfers are made to the account of a payment processing company partnered with Exness, and deposits are generally possible on the same day

Please note that since deposits are withdrawn using the same method, withdrawals (refunds) made via credit card, etc., may take some time

Exness withdrawal methods

Exness supports the following seven withdrawal methods:

List of Exness withdrawal methods
Withdrawal methodsWithdrawal feesEstimated time for receiving paymentMinimum withdrawal amountMaximum withdrawal amount per transaction
BitwalletfreeWithin 24 hours$1$20,000
Domestic bank transferfreeUp to 5 business days$210$4,300
credit cardfreeup to 30 daysMinimum deposit amountUp to $10,000 in total deposits
Happy MoneyfreeWithin 72 hours$2$10,000
SticPayfreeWithin 72 hours$1$20,000
TigerPayfreeWithin 72 hours$10$100,000
CryptocurrencyfreeWithin 72 hours$100$100,000
Exness Withdrawal Methods List

With Exness, all withdrawal fees are free.

For deposits, withdrawals will be made using the same method as the deposit method, for the same amount

there is for all deposit methods except credit and debit cards, the amount withdrawn will be equal to the proportion of the deposit

For example, if you withdraw 70% of your total deposit via Bitwallet and 30% via domestic bank transfer, you must withdraw your profits in the same proportion

Exness offers cashback, making it a great deal

Exness is an overseas forex broker that does not officially offer bonus campaigns

However, by registering a cashback account with Money Charger (MoneyCharger), you can receive the following cashback for each transaction

Account typeCashback
Standard Account40% of the spread
Standard Cent Account40% of the spread
ProDrive25% of the spread
Low Spread AccountBTC/USD equivalent to $3,
XAU/USD equivalent to $2.7,
GBP/JPY equivalent to $2,
EUR/USD equivalent to $2,
USD/JPY equivalent to $2
Zero AccountBTC/USD equivalent to $3,
XAU/USD equivalent to $2.7,
GBP/JPY equivalent to $2,
EUR/USD equivalent to $2,
USD/JPY equivalent to $2
Exness Cashback List

For example, by registering a standard account with MoneyChat, you can trade with a favorable spread that is effectively 40% off, and you can also receive an additional 40% as cashback

If you want to save on transaction costs while earning profits through cashback, then you should definitely try MoneyChat!

Exness Reviews Summary

Exness is an overseas forex broker that offers excellent trading conditions with superior capital efficiency, including unlimited leverage and a 0% forced stop-loss level

It has a good reputation regarding spreads and swap-free trading, and is highly regarded for its overall excellent trading environment

Furthermore, regarding deposits and withdrawals, which are an important factor when using overseas forex brokers, many reviews mentioned that funds were received quickly

Exness is recommended for traders who prioritize a good trading environment and want to earn money with a small amount of capital

Frequently Asked Questions and Answers at Exness

Where is Exness's headquarters located?

Exness's headquarters are located in the Republic of Cyprus

Which FX broker is Exness?

Exness is a globally operating overseas forex broker. Its headquarters are in the Republic of Cyprus, but the Exness branch available to residents of Japan is based in the Republic of Seychelles

Is Exness a highly secure overseas forex broker?

Yes, Exness is a highly secure overseas forex broker regulated by the Seychelles Financial Services Authority. Furthermore, the Exness Group holds a financial license from the UK's Financial Conduct Authority (FCA), which is considered one of the most difficult licenses to obtain in the industry

Is scalping prohibited at Exness?

No, scalping is permitted at Exness

What stocks does Exness handle?

Exness handles the following stocks:

Brands we handlekinds
currency pair96 types
Precious metal CFD15 types
Energy CFD3 types
Cryptocurrency CFDs10 types
Stock index CFDs10 types
Stock CFDs93 types
Exness's listed stocks

Are there any rumors or reviews about Exness refusing withdrawals?

Exness is a large broker with a large number of users. Because of this, negative rumors, such as withdrawal refusals, sometimes circulate. However, Exness is regulated by a financial license and enjoys a reputation as a major company, so it's unlikely they would refuse withdrawals for unfair reasons. However, withdrawal refusals may occur as a penalty for violating the terms of service

What is an Exness personal identification number?

The Exness Personal Identification Number (PID) is a special number issued for identity verification when you contact support. You will need your PID when contacting Exness

Is Exness swap-free?

At Exness, unlimited swap-free policies apply to the following securities

  • Major currency pairs
  • Minor currency pairs
  • Gold (XAUUSD)
  • WTI crude oil (USOIL)
  • Cryptocurrency CFDs
  • Stock index CFDs

Swap-free trading applies to accounts that have swap-free status. The conditions for achieving swap-free status are not publicly disclosed, but accounts with fewer positions held overnight are more likely to qualify

Does Exness employ a zero-cut (no margin call) policy?

Yes, Exness employs a zero-cut system. If a negative balance occurs after a forced stop-loss, Exness will cover the negative amount, so losses will not exceed your account balance. Furthermore, Exness will not request additional margin, even when a margin call is triggered

Can I open a corporate account with Exness?

No, Exness is currently not accepting new corporate account applications

Can I use automated trading with Exness?

Yes, Exness allows the use of automated trading using Expert Advisors (EAs) on MT4 and MT5

Can I use copy trading with Exness?

Yes, Exness offers copy trading (social trading). We find skilled traders and pay them a portion of the profits from their copy trading, so there are no monthly fees. In addition, skilled traders can also provide signals as signal providers and earn revenue from copy trading

If you're interested after reading this article

Register in 1 minute!

Get cashback now

Register now for free →

Registration takes 1 minute and has no fees