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Exness fees and spreads

Exness Fees and Spreads

Exness  Fees and Spreads start from the average spread of 0.0 pips EUR/USDand the commission depends on the trading account the trader is using. Exness can be summarised as a trustworthy and regulated CMA broker that offers 0% deposit and withdrawal fees, and low spreads. It has a trust score of 98% out of 100.

Updated : February 14, 2024

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005 regulations book

Fees and Spreads Overview

005 feature selection

Additional Trading Fees

001 cash withdrawal

Broker Fees

004 review

Pros and Cons

008 auction

Final Verdict

001 question

FAQ

Exness Fees and Spreads

 

The spread list for Exness starts from 0.0 pips on EUR/USD.

Because each account is tailored to a certain kind of trader, the spreads charged will vary based on the type of account selected by traders. Botswana traders can anticipate the following standard spreads:

➡️ Standard Account – from 0.3 pips EUR/USD

➡️ Standard Cent Account – from 0.3 pips EUR/USD

➡️ Raw Spread Account – from 0.0 pips EUR/USD

➡️ Zero Account – from 0.0 pips EUR/USD

➡️ Pro Account – 0.1 pips EUR/USD

 

What Are the Fees and Spreads Charged by Exness?

Exness charges fees in the form of spreads and, in some cases, commissions on certain account types. Spreads are the difference between the bid and ask price of a financial instrument, and they vary depending on market conditions and the type of account you choose.

 

Some accounts offer lower spreads but may come with a commission per lot traded. The specifics of fees and spreads can differ between account types, trading instruments, and market conditions. It’s advisable to review Exness’ official website or contact their customer support to get accurate and up-to-date information on the fees and spreads associated with your chosen account type and trading instruments.

 

How Do Exness Fees and Spreads Impact My Trading Costs?

Exness’ fees and spreads directly impact your trading costs. Spreads affect the entry and exit prices of your trades; tighter spreads can result in more favorable trading conditions, especially for scalping or high-frequency trading.

 

If a specific account type includes commissions, you need to factor these costs into your trading strategy. It’s essential to assess how fees and spreads align with your trading style and consider them in conjunction with other factors like leverage, available trading instruments, and customer support.

 

Comparing these costs across different account types and brokers can help you make an informed decision that minimizes trading expenses and maximizes potential returns.

Exness at a Glance

 

🏛 HeadquarteredCyprus
🌎 Global OfficesSouth Africa, Cyprus, United Kingdom, Seychelles
🏛 Local Market Regulators in Botswana• Ministry of Finance and Economic Development (MFED)
• Bank of Botswana (BoB)
• Non-Bank Financial Institutions Regulatory Authority (NBFIRA)
💳 Foreign Direct Investment in Botswana115.89 BWP Million in 2021
💰 Foreign Exchange Reserves in Botswana5270 USD Million in 2021
✔️ Local office in Gaborone?No
👨‍⚖️ Governor of SEC in BotswanaNone, Moses Dinekere Pelaelo is the Governor of the Bank of Botswana
✔️ Accepts Botswana Traders?Yes
📊 Year Founded2008
📞 Botswana Office Contact NumberNone
📱 Social Media Platforms• Facebook
• Twitter
• Instagram
• LinkedIn
• YouTube
⚖️ RegulationFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA
1️⃣ Tier-1 LicensesFinancial Conduct Authority (FCA)
2️⃣ Tier-2 Licenses• Cyprus Securities and Exchange Commission (CySEC)
• Financial Sector Conduct Authority (FSCA)
3️⃣ Tier-3 Licenses• Financial Services Authority (FSA) Seychelles
• Financial Services Commission of the British Virgin Islands (FSC BVI)
• Financial Services Commission (FSC) Mauritius
• Central Bank of Curaçao and Sint Maarten (CBCS)
🪪 License Number• Seychelles – SD025
• Curaçao – 0003LSI
• British Virgin Islands – SIBA/L/20/1133
• Mauritius – GB20025294
• South Africa – FSP 51024
• Cyprus – 178/12
• United Kingdom – 730729
⚖️ MFED, BoB, or NBFIRA RegulationNone
✔️ Regional RestrictionsThe United States
☪️ Islamic AccountYes
💻 Demo AccountYes
🛍 Retail Investor Accounts5
✔️ PAMM AccountsNo
✔️ Affiliate ProgramYes
📱 Order ExecutionMarket
📊 Starting spread0.0 pips EUR/USD
📉 Minimum Commission per TradeFrom $0.1 per side, per lot
💰 Decimal Pricing5th decimal pricing after the comma
📞 Margin Call60%
🛑 Stop-Out0%
📉 Minimum Trade Size0.01 lots
📈 Maximum Trade SizeUnlimited
✔️ Offers a BWP Account?No
📉 Dedicated Botswana Account Manager?No
📈 Maximum LeverageUnlimited
📊 Leverage Restrictions for Botswana?No
💳 Minimum Deposit (BWP)188 or an equivalent to $10
✔️ Botswana Pula Deposits Allowed?Yes
📊 Active Botswana Trader Stats250,000+
👥 Active Botswana-based Exness customersUnknown
🔁 Botswana Daily Forex TurnoverUnknown, Forex overall is $6.6 Trillion
💰 Deposit and Withdrawal Options• Bitcoin
• Debit Card
• Credit Card
• Internet Banking
• Skrill
• Neteller
• Perfect Money
• Tether (USDT OMNI)
• WebMoney
• Mybux
• Ozow
💻 Minimum Withdrawal TimeInstant
⏰ Maximum Estimated Withdrawal TimeUp to 72 hours
💳 Instant Deposits and Instant Withdrawals?Yes
🏛 Segregated Accounts with Botswana Banks?No
📱 Trading Platforms• MetaTrader 4
• MetaTrader 5
• Terminal
• Trader app
💻 Tradable Assets• Forex
• Metals
• Energies
• Indices
• Stocks
✔️ Offers USD/BWP currency pair?No
📊 USD/BWP Average SpreadN/A
✅ Offers Botswana Stocks and CFDsNo
💻 Languages supported on the WebsiteEnglish, French, Indonesian, Portuguese, Spanish, Vietnamese, Arabic, Thai, Chinese (Simplified), Japanese, Korean, Urdu, Bengali, Hindi
☎️ Customer Support LanguagesMultilingual
👥 Copy Trading SupportYes
⏰ Customer Service Hours24/7
📞 Botswana-based customer support?No
💸 Bonuses and Promotions for Botswanans?No
📚 Education for Botswanan beginner tradersNo
📱 Proprietary trading softwareYes
🤝 Most Successful Trader in BotswanaUnknown
✔️ Is the broker a safe broker for Botswana Traders?Yes
🎖 Rating for Exness Botswana8/10
🥇 Trust score for Exness Botswana97%
👉 Open Account👉 Open Account

Exness Additional Trading Fees

Exness Review Commissions Fees and Spreads

 

Commissions

On some accounts, commissions are levied at a fixed rate to ensure the broker gets rewarded for facilitating the transaction. The following commissions are levied based on the available account types:

➡️ Raw Spread Account – Up to $3.50 per side, per lot

➡️ Zero Account – From $0.1 per side, per lot

 

Overnight Fees, Rollovers, or Swaps

Exness Review Trading Fees Fees and Spreads

 

Variables such as the financial instrument being held, the length of the position, the size of the position, and the interbank rates will affect the overnight charges that traders may incur while holding positions.

 

The following are some common overnight fees for retail traders:

🔧 Instrument📈 Long (Buy) Swap📉 Short (Sell) Swap
EUR/USD0.14 pips-0.63 pips
XAG/USD-0.05 pips-0.08 pips
US OIL-3.9 pips0.65 pips

 

Muslim traders who follow Sharia law can convert any of their live trading accounts to Islamic accounts with Exness. This exempts them from earning or paying interest, which is forbidden by their faith.

Exness does not provide spread betting services to Botswana traders, only those in the United Kingdom. Therefore, Botswanans need not worry about being subject to spread betting fees.

 

What Are Exness Additional Trading Fees?

Exness may impose additional trading fees beyond spreads and commissions, depending on certain trading activities or account-related actions.

 

How Can I Avoid or Minimize Exness Additional Trading Fees?

To avoid or minimize Exness’ additional trading fees, consider the following steps:

 

Review Fee Schedule:

Familiarize yourself with Exness’ fee schedule to understand the specific fees associated with different actions or trading activities.

Choose Account Type:

Select an account type that aligns with your trading style and objectives. Some account types might offer lower spreads or specific features that can help reduce trading costs.

Manage Positions:

Be mindful of holding positions overnight, as swap or rollover fees can accumulate. If possible, close positions before the daily rollover time to avoid these charges.

Active Trading:

Consistently active trading can help avoid inactivity fees. However, only trade when market conditions align with your strategy.

Payment Methods:

Choose payment methods with lower or no associated fees. Some methods may have fewer charges compared to others.

Withdrawal Planning:

Plan your withdrawals to avoid frequent, small withdrawals that might lead to excessive withdrawal fees. Consider withdrawing larger amounts less frequently.

Stay Informed:

Regularly check Exness’ official website for updates on fees and any changes to their fee structure.

Exness Broker Fees

Exness Review Overnight Fees and Spreads

 

Some of the broker fees that Botswanans could expect include inactivity, admin, currency conversion, withdrawal, and deposit fees, among others.

 

Deposit and Withdrawal Fees

Exness does not charge Botswana traders any withdrawal or deposit fees.

 

Inactivity Fees

When an active trading account is allowed to go dormant, Exness does not assess any fees on the account.

 

Currency Conversion Fees

If Botswana traders deposit in any currency other than their base account currency, they will be charged currency conversion fees.

 

What Are the Broker Fees Charged by Exness?

Exness charges broker fees in the form of spreads and commissions. Spreads are the difference between the bid and ask price of a financial instrument, and they represent the main way Exness generates revenue. The size of the spread can vary depending on market conditions, trading instrument, and account type.

 

Some account types at Exness may also involve commissions per lot traded, which are additional charges on top of the spread. It’s important to note that spreads and commissions can vary across different account types, trading instruments, and market conditions, so it’s recommended to review Exness’ official website or contact their customer support for detailed information on the specific fees associated with your chosen account type and trading instruments.

 

How Do Exness Broker Fees Impact My Trading Costs?

Exness broker fees directly impact your overall trading costs. Spreads determine the cost of entering and exiting trades, and lower spreads can be beneficial, especially for traders engaging in scalping or frequent trading. Commissions, if applicable, add an extra layer of cost that needs to be considered when calculating potential profits.

 

When evaluating Exness’ broker fees, it’s essential to consider them in the context of your trading strategy, risk tolerance, and the specific instruments you trade. Comparing fees across different account types and brokers can help you make an informed decision that aligns with your trading objectives and minimizes trading expenses.

Exness Pros and Cons

✔️ Pros❌ Cons
When Botswanan traders finance a trading account, they are not subject to any deposit feesExness has an extremely limited portfolio of financial instruments that can be traded
Inactivity fees are not charged when a live account goes dormant
When traders want to withdraw funds, they are not subject to withdrawal fees
Exness does not charge exuberant broker fees like some of its competitors

Verdict on Exness

Overall, Exness is very competitive in terms of its trading fees and spreads.

 

What is the General Verdict on Exness as a Broker?

The overall verdict on Exness as a broker is positive. Exness is recognized for its transparency, strong regulatory framework, and competitive trading conditions. The broker offers a variety of account types, including Standard, Pro, and Raw Spread accounts, catering to traders of different experience levels.

 

With a wide range of tradable instruments, including forex, commodities, indices, and cryptocurrencies, Exness provides diversification opportunities.

 

The availability of popular trading platforms like MetaTrader 4 and MetaTrader 5 enhances the trading experience. While many traders appreciate Exness for its low spreads and fast order execution, it’s important to evaluate how the broker’s offerings align with your individual trading preferences and objectives.

You might also like: Exness Review

You might also like: Exness Account Types

You might also like: Exness Demo Account

You might also like: Exness Fund Withdrawal Process

You might also like: Exness Islamic Account

Frequently Asked Questions

Does Exness charge fees when I keep my position open over a weekend?

Yes, Exness debits/credits overnight fees depending on your position.

 

What commissions does Exness charge?

Exness charges commissions between $0.1 and $3.50 depending on your account (Raw Spread or Zero) and the financial instrument you trade.

 

What happens when my Exness account goes dormant?

If your account goes dormant, it will remain active, and an inactivity fee will not be charged.

 

What is the average spread when I trade EUR/USD with Exness?

The average spreads on EUR/USD start from 0.0 pips on the Raw Spread and Zero Accounts, 0.1 pips on the Pro Account, and 0.3 pips on the Standard and Standard Cent Accounts.

 

How much do deposits and withdrawals cost with Exness?

You do not pay any deposit or withdrawal fees with Exness.

Conclusion

Now it is your turn to participate:

 

Do you have any prior experience?

What was the determining factor in your decision to engage?

Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?

Have you experienced any issues such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?

 

Regardless, please share your thoughts in the comments below

 

Addendum/Disclosure:

No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.

9.5/10 - (2 votes)

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