Exness Review

Exness can be summarised as a trustworthy and regulated CMA broker that offers 0% deposit and withdrawal fees, low spreads, and a sign-up bonus of $10/10 165 RWF  offered to first-time traders. It has a trust score of 98% out of 100.

Updated : July 21, 2022

Jump to:

Regulation and Safety of Funds

Account Types and Features

Account Registration

Trading Platforms

Range of Markets

Fees

Deposits and Withdrawals

Education and Research

Affiliate Program

Final Verdict

Pros and Cons

FAQ

Overall Rating

Min Deposit

USD 10

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

Yes

Total Pairs

107

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Exness Overview

Exness Review Education And Research

👉 Overall, Exness is considered low-risk, with an overall Trust Score of 97 out of 100. Exness is licensed by one Tier-1 Regulator (high trust), two Tier-2 Regulators (average trust), and four Tier-3 Regulators (low trust). Exness offers five different retail trading accounts namely a Standard Account, Standard Cent Account, Raw Spread Account, Zero Account, and Pro Account.

 

👉 Exness accepts Rwandan clients and has an average spread from 0.0 pips with commissions from $0.1 per lot, per side. Exness has an unlimited maximum leverage ratio and there is a demo and Islamic account available. MT4, MT5, and Exness platforms are supported. Exness is headquartered in Cyprus and regulated by FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, and FCA.

 

👉 Exness is a well-rounded broker that can accommodate traders of all levels of experience and skill. The Exness Trading Terminal interface is straightforward, making it an excellent starting place for many beginner Rwandan traders.

 

👉 Traders with sophisticated skills can utilize the advanced tools provided on the MetaTrader platform and take advantage of the exceptionally high leverage that is offered. Exness provides several advantageous features that are only available from a small number of other brokers.

 

👉 This includes the fact that there are no inactivity fees, no deposit or withdrawal fees, and in many situations, withdrawals are processed instantly. Transparent price history is also provided by Exness, which gives tick-level data across a wide range of instruments.

 

👉 Advanced traders and those who use automated trading techniques can make use of the free VPS hosting that is provided. Social trading adds another depth to the trading experience by enabling Exness customers to invest in the tactics of other traders while also earning money by sharing their own.

 

👉 This Exness review for Rwanda will provide local retail traders with the details that they need to consider whether Exness is suited to their unique trading objectives and needs.

 

Exness Distribution of Traders

Exness Review Distribution of Traders

👉 Exness currently has the largest market share in these countries:

➡️ Thailand – 44.4%

➡️ Vietnam – 26.5%

➡️ South Africa – 9.22%

➡️ India – 6.7%

➡️ Saudi Arabia – 2.44%

 

Popularity among traders who choose Exness

🥇 Exness is a prominent broker globally even though it has a small market share in Rwanda. However, Exness still forms part of the Top 40 brokers for Rwandan traders.

Exness at a Glance

🏙 HeadquarteredCyprus, with offices in the United Kingdom, Seychelles, South Africa, the British Virgin Islands, and Curaçao
🏛 Global OfficesSouth Africa, Cyprus, United Kingdom, Seychelles
💻 Local Market Regulator in RwandaThe National Bank of Rwanda (BNR)
💸 Foreign Direct Investment in Rwanda99.92 USD Million in 2020
🔄 Foreign Exchange Reserves in Rwanda1,806 million US dollars in 2020
🏛 Local office in Kigali?No
👨‍⚖️ Governor of SEC in RwandaNone, John Rwangombwa is the Governor of the National Bank of Rwanda
✔️ Accepts Rwandan Traders?Yes
🗓 Year Founded2008
☎️ Rwandan Traders Office Contact NumberNone
📲 Social Media Platforms• Facebook
• Twitter
• Instagram
• LinkedIn
• YouTube
⚖️ RegulationFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA
1️⃣ Tier-1 Licenses• Financial 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
⚖️ BNR RegulationNo
🏛 Regional RestrictionsThe United States
☪️ Islamic AccountYes
💻 Demo AccountYes
🛍 Retail Investor Accounts5
✔️ PAMM AccountsNo
💵 Liquidity ProvidersADS Securities, FXCM PRO, and others
💰 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
💰 Crypto trading offered?Yes
✔️ Offers an RWF Account?No
👥 Dedicated Rwandan Traders Account Manager?No
📊 Maximum LeverageUnlimited
📈 Leverage Restrictions for Rwanda?No
💵 Minimum Deposit (RWF)10,200 RWF or an equivalent to $10
✔️ Rwandan franc Deposits Allowed?Yes
📊 Active Rwandan Traders Trader Stats50,000+
👥 Active Rwandan Traders-based Exness customersUnknown
🔄 Rwanda Daily Forex TurnoverUnknown, the overall trading volume of over $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 Rwandan Traders Banks?No
💻 Trading Platforms• MetaTrader 4
• MetaTrader 5
• Exness Terminal
• Exness Trader app
💵 Tradable Assets• Forex
• Metals
• Crypto
• Energies
• Indices
• Stocks
💸 Offers USD/RWF currency pair?No
📊 USD/RWF Average SpreadN/A
✅ Offers Rwandan Traders 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
📞 Rwandan Traders-based customer support?No
💰 Bonuses and Promotions for Rwandan TradersNo
📚 Education for Rwanda beginner tradersNo
📱 Proprietary trading softwareYes
🏅 Most Successful Rwandan TraderUnknown
✔️ Is Exness a safe broker for Rwandan Traders?Yes
🎖 Rating for Exness Rwanda8/10
🥇 Trust score for Exness Rwanda97%
👉 Open An Account👉 Open Account

Exness Regulation and Safety of Funds

Exness Regulation in Rwanda

Exness Review Regulation And Safety

👉 Exness is not regulated or authorized locally in Rwanda.

 

Exness Global Regulations

Exness Global Regulations

👉 Exness has the following regulations and authorizations:

➡️ Exness (UK) Ltd. is an Investment Firm that is well-regulated, authorized and overseen in the United Kingdom. The Financial Conduct Authority (FCA) regulated Exness under the Financial Services Register number 730729. In addition, the FCA is a very trustworthy Tier-1 regulator.

➡️ Exness (Cy) Ltd. is a licensed and regulated Cyprus Investment Firm by the Cyprus Securities and Exchange Commission (CySEC) under license number 178/12. CySEC is a well-known Tier-2 market regulator whose credibility is mediocre.

➡️ Financial Service Provider (FSP) number 51024 is assigned by the Financial Sector Conduct Authority (FSCA) in South Africa to Vlerizo (Pty) Limited. South Africa’s FSCA is a well-known and recognized Tier-2 regulator.

➡️ With license number SD025, the Seychelles Financial Services Authority (FSA) has authorized and actively regulates Nymstar Limited. Currently, the FSA in Seychelles is a Tier-3 regulator with a poor position of confidence.

➡️ Exness B.V. is a licensed and regulated Securities Intermediary by the Central Bank of Curaçao and Sint Maarten under license number 0003LSI. The Central Bank of Curaçao and Sint Maarten is regarded as a Tier-3 regulator with poor levels of confidence.

➡️ Exness (VG) Ltd is authorized by the British Virgin Islands Financial Services Commission (FSC) with registration number 2032226 and investment business license number SIBA/L/20/1115. The FSC in the British Virgin Islands is now categorized as a Tier-3 regulator with poor confidence.

➡️ Tortelo Limited is registered with the Financial Services Commission (FSC) of Mauritius under registration number 176980. The Mauritius FSC is a Tier-3 regulator with little credibility.

 

Exness Client Fund Security and Safety Features

Exness Client Fund Security and Safety Features

👉 Different regulatory agencies give varying degrees of protection. For instance, Exness customers in the United Kingdom benefit from the FCA’s monitoring.

 

👉 The FCA mandates that customers have negative balance protection, meaning they cannot lose more than their initial deposit. Client monies must be stored in separate, safeguarded accounts if a broker declares bankruptcy.

 

👉 In addition, customer money is safeguarded by the Financial Services Compensation Scheme (FSCS) while dealing with an FCA-licensed broker. The FSCS protects investments worth up to £85,000 if a company falls bankrupt.

 

👉 In contrast, a trader dealing with an offshore-regulated broker would not be assured these perks. Exness has an extensive 14-year operational history.

 

👉 On their Regulation website, Exness demonstrated an average degree of regulatory openness by disclosing all their companies and their regulators. With so many offshore operational entities, however, it is unclear exactly which entity you would be allocated if you opened an account.

Exness Awards and Recognition

Exness Awards and Recognition

👉 Over the years that Exness has been in operation, the broker has secured many industry awards for superior trading environments and experience, customer service, trading platforms, and more.

Exness Account Types and Features

Exness Review Account Types

👉 According to the Exness review, it offers a broad array of account types to choose from when it comes to supplying a choice of accounts. These accounts come in a variety of varieties and are designed to fulfil the demands of all traders who are interested in trading.

 

👉 Exness accounts are divided into two types, each of which is customized to fit the individual needs of traders and has its own set of rules controlling margin calls, fees, and leverage, to name a few.

 

👉 The live account options with Exness are as follows:

➡️ Standard Account

➡️ Standard Cent Account

➡️ Raw Spread Account

➡️ Zero Account

➡️ Pro Account

💻 Live Account💰 Minimum Dep.📊 Average Spread💸 Commissions💵 Average Trading Cost
➡️ Standard10,200 RWF/$100.3 pipsNone10 USD
➡️ Standard Cent10,200 RWF/$100.3 pipsNone10 USD
➡️ Raw Spread510,000 RWF or $5000.0 pips$3.57 USD
➡️ Zero510,000 RWF or $5000.0 pips$0.17 USD
➡️ Pro510,000 RWF or $5000.1 pipsNone6 USD

 

Exness Live Trading Accounts

Standard Account

Exness Review Standard Account

👉 Exness Standard is a multi-purpose account that is appropriate for all users. This category comprises both new and experienced investors. According to Exness data, this kind of account is opened by around 80% of traders.

Account FeaturesValue
💰 Minimum Deposit Requirement10,200 RWF or an equivalent to $10
📊 Spreads Variable, from 0.3 pips
💻 Account Base CurrencyAED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, KES, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR
💸 Commission ChargesNone
⬆️ Maximum Leverage offeredUnlimited leverage
📈 Instruments Available• Forex major pairs
• Minor currency pairs
• Exotic Forex pairs
• Energies
• Cryptocurrencies
• Stocks
• Indices
💰 Minimum lot size0.01 lots
💵 Maximum Lot Size• 200 lots from 7 am to 8h59 pm (GMT +0)
• 20 lots from 9 pm to 6h59 am (GMT +0)
💸 Maximum positionsUnlimited
📊 Hedged Margin (%)0
📞 Margin Call (%)60
🛑 Stop-out Level (%)0
💵 Order ExecutionMarket Execution
☪️ Islamic AccountYes

 

Standard Cent Account

Exness Review Standard Cent Account

👉 The Standard Cent Account is perfect for beginners since it gives them an idea of what it is like to be a trader. While using this account, Rwandan traders will obtain a strong knowledge of what Forex risk is with this account, whether it is the price volatility, the spread, or the slippage.

Account FeaturesValue
💰 Minimum Deposit Requirement10,200 RWF or an equivalent to $10
📊 Spreads Variable, from 0.3 pips
💻 Account Base CurrencyUSC, EUC, GBC, CHC, AUC, CAC
💸 Commission ChargesNone
⬆️ Maximum Leverage offeredUnlimited leverage
📈 Instruments Available• Forex
• Metals
💰 Minimum lot size0.01 lots
💵 Maximum Lot Size• 200 lots from 7 am to 8h59 pm (GMT +0)
• 20 lots from 9 pm to 6h59 am (GMT +0)
💸 Maximum positions1000
📊 Hedged Margin (%)0
📞 Margin Call (%)60
🛑 Stop-out Level (%)0
💵 Order ExecutionMarket Execution
☪️ Islamic AccountYes

 

Raw Spread Account

Exness Review Raw Spread Account

👉 This account was introduced in recent years, and although it has many qualities with Exness Zero, the spread is greater. Rwandan traders can anticipate the following special trading conditions and features with the Raw Spread Account.

Account FeaturesValue
💰 Minimum Deposit Requirement510,000 RWF or an equivalent to $500
📊 Spreads Variable, from 0.0 pips
💻 Account Base CurrencyAED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR
💸 Commission ChargesUp to $3.5 per side, per lot
⬆️ Maximum Leverage offeredUnlimited leverage
📈 Instruments Available• Forex
• Metals
• Cryptocurrencies
• Energies
• Stocks
• Indices
💰 Minimum lot size0.01 lots
💵 Maximum Lot Size• 200 lots from 7 am to 8h59 pm (GMT +0)
• 20 lots from 9 pm to 6h59 am (GMT +0)
💸 Maximum positionsUnlimited
📊 Hedged Margin (%)0
📞 Margin Call (%)30
🛑 Stop-out Level (%)0
💵 Order ExecutionMarket Execution
☪️ Islamic AccountYes

 

Zero Account

Exness Review Zero Account

👉 It is a zero-type account, which implies it is better suited to day traders’ and scalpers’ high-frequency, high-volume, fast-paced trading tactics. This account takes advantage of the Electronic Communication Network (ECN) to guarantee that Rwandan traders get the best price available.

Account FeaturesValue
💰 Minimum Deposit Requirement510,000 RWF or an equivalent to $500
📊 Spreads Variable, from 0.0 pips
💻 Account Base CurrencyAED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR
💸 Commission ChargesFrom $0.1 per side, per lot
⬆️ Maximum Leverage offeredUnlimited leverage
📈 Instruments Available• Forex
• Metals
• Cryptocurrencies
• Energies
• Stocks
• Indices
💰 Minimum lot size0.01 lots
💵 Maximum Lot Size• 200 lots from 7 am to 8h59 pm (GMT +0)
• 20 lots from 9 pm to 6h59 am (GMT +0)
💸 Maximum positionsUnlimited
📊 Hedged Margin (%)0
📞 Margin Call (%)30
🛑 Stop-out Level (%)0
💵 Order ExecutionMarket Execution
☪️ Islamic AccountYes

 

Pro Account

Exness Review Pro Account

👉 An analysis of the Exness Pro Account demonstrates that it is the ideal solution for Forex Market pros and trading gurus. Rwandan traders tend to like the website’s adaptability and user-friendliness, which creates a pleasant trading atmosphere.

 

👉 In contrast to other Forex Trading Brokers, the Exness Pro Account enables investors to conduct millions of transactions without incurring commission costs.

 

👉 In addition, the spread on the Exness Pro Account is modest, which is a plus for Exness since most experienced Rwandan traders prefer to trade with forex brokers that offer low spreads. Moreover, this account is in high demand since it provides spreads as little as 0.1 pips.

Account FeaturesValue
💰 Minimum Deposit Requirement510,000 RWF or an equivalent to $500
📊 Spreads Variable, from 0.1 pips
💻 Account Base CurrencyAED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR
💸 Commission ChargesNone
⬆️ Maximum Leverage offeredUnlimited leverage
📈 Instruments Available• Forex
• Metals
• Cryptocurrencies
• Energies
• Stocks
• Indices
💰 Minimum lot size0.01 lots
💵 Maximum Lot Size• 200 lots from 7 am to 8h59 pm (GMT +0)
• 20 lots from 9 pm to 6h59 am (GMT +0)
💸 Maximum positionsUnlimited
📊 Hedged Margin (%)0
📞 Margin Call (%)30
🛑 Stop-out Level (%)0
💵 Order ExecutionInstant Execution on Forex currency pairs, metals, energies, stocks, and indices and market execution on cryptocurrencies
☪️ Islamic AccountYes

 

Exness Base Account Currencies

👉 With Exness, Rwandan traders can choose from several currencies that can be set as the base account currency including AED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, or ZAR.

 

Exness Demo Account

Exness Review Demo Account

👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital. 

 

👉 There is a certain degree of risk involved when trading financial markets and Exness offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.

 

👉 Exness provides demo accounts for the Trading Terminal and MetaTrader platforms. This is particularly helpful for novices, as it allows them to practice their tactics and get used to the trading platform without risking actual funds.

 

👉 The trial account provides real-time quotations and mimics real-time market conditions for assets like FX and CFDs on commodities, indices, and stocks. After becoming proficient in using a demo account, you can quickly move to a live trading account.

 

Exness Islamic Account

Exness Review Islamic Account

👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.

 

👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.

 

👉 The Islamic Account option is available on all Exness live trading accounts, enabling Muslim traders of various levels of expertise and trading goals to engage in a variety of financial markets without the danger of being exposed to different forms of interest.

 

👉 Depending on your account settings, Exness does not charge any overnight fees for stocks, crypto, indices, gold, and several major currencies. Extended and Standard swap-free levels exist in Exness. The distinction lies in the number of instruments that may be stored without being charged overnight.

 

👉 With the normal swap-free level, XAU/USD, indices, cryptocurrencies, and stocks incur no swap costs. All other instruments incur exchange fees.

 

👉 With the extended swap-free level, there are no swap costs on several currency pairs such as:

➡️ AUD/USD

➡️ EUR/CHF

➡️ EUR/USD

➡️ GBP/JPY

➡️ GBP/USD

➡️ NZD/USD

➡️ USD/CAD

➡️ USD/CHF

➡️ USD/JPY

➡️ USOIL

➡️ AUD/CHF

➡️ AUD/JPY

➡️ EUR/AUD

➡️ EUR/CAD

➡️ EUR/GBP

➡️ EUR/JPY

➡️ EUR/NZD

➡️ GBP/CHF

➡️ GBP/NZD

➡️ NZD/JPY

➡️ NZD/CAD

➡️ XAU/USD

➡️ Indices

➡️ Cryptocurrencies

➡️ Stocks

 

👉 However, swap fees apply to all other metals along with minor forex pairs, exotic currency pairs, and UKOil. To qualify for the prolonged swap-free level, you must trade mostly during the day and maintain a minimum number of overnight holdings.

How to open an Account with Exness in Rwanda

Exness Review Account Registration

👉 To register an account with Exness, Rwandan Traders can follow these steps:

➡️ Go to the official Exness website and click on the “Register on the Website” link to get started.

➡️ Select your country of residency from the drop-down menu beneath the ‘create account’ button.

➡️ Create a user-selected password and log into the Personal Area where you can open a new live trading account. Complete the online application by providing the necessary personal, financial, employment, and trading experience sections.

➡️ Continue by pressing the ‘Next’ banner to complete your application and to proceed to the KYC process where you must verify your identity and proof of residence.

➡️ The moment you have signed in, you will be able to access both your real trading account and your MetaTrader 5 (MT5) demo trading account.

 

👉 It is only after uploading the relevant documents and authenticating the account that the user is permitted to access all the trading account’s capabilities. Rwandan traders will find it simple to begin trading after their accounts have been approved and funds have been placed into them.

Exness Vs BDSwiss Vs Alpari – Broker Comparison

🥇 Exness🥈 BD Swiss🥉 Alpari
⚖️ RegulationFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCACySEC, FSC, BaFIN, FSAFSC
💻 Trading Platform• MetaTrader 4
• MetaTrader 5
• Exness App
• Exness Terminal
• MetaTrader 4
• MetaTrader 5
• BDSwiss Mobile
• BDSwiss Web
• MetaTrader 4
• MetaTrader 5
• Alpari Mobile App
💵 Withdrawal FeeNoYes, <100 EUR withdrawalsYes
✔️ Demo AccountYesYesYes
💰 Min Deposit10,200 RWF102,000 RWF5,100 RWF
📊 LeverageUnlimitedUp to 1:1000Up to 1:1000
📈 SpreadVariable, 0.0 pipsFrom 0.3 pipsFrom 0.4 pips
💸 CommissionsFrom $0.1 per side, per lot$2 to $5$1.5
🛑 Margin Call/Stop-Out60%/0%50%/20%• 60% to 120%
• 30% to 100%
📲 Order ExecutionMarketInstant/MarketInstant and Market
✔️ No-Deposit BonusNoNoNo
✅ Cent AccountsYesIn ProgressNo
💻 Account Types• Standard Account
• Standard Cent Account
• Raw Spread Account
• Zero Account
• Pro Account
• Classic Account
• Premium Account
• VIP Account
• RAW Account
• Forex Standard Account
• Forex Micro Account
• Forex ECN Account
• Forex Pro Account
⚖️ BNR RegulationNoNoNo
💵 RWF DepositsYesNoYes
✔️ Rwandan franc AccountNoNoNo
📞 Customer Service Hours24/724/524/5
🛍 Retail Investor Accounts544
☪️ Islamic AccountYesYesYes
📉 Minimum Trade Size0.01 pips0.01 lots0.01 lots
📈 Maximum Trade SizeUnlimited50 lots250 lots
📊 Minimum Withdrawal TimeInstant10 MinutesInstant
⏱ Maximum Estimated Withdrawal TimeUp to 72 hoursBetween 7 to 10 days3 to 5 Business Days
✔️ Instant Deposits and Instant Withdrawals?YesNoYes

Overall Rating

Min Deposit

USD 10

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

Yes

Total Pairs

107

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Exness Trading Platforms

Exness Review Trading Platforms

👉 Exness offers Rwandan Traders a choice between these trading platforms:

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ Exness Trader App

➡️ Exness Web Terminal

 

Desktop Platforms

Exness Review Desktop Platforms

➡️ MetaTrader 4

➡️ MetaTrader 5

 

MetaTrader 4 and 5

👉 MT4 is a prominent trading platform in the forex and CFD markets. The extensive variety of features and tools that MT4 provides traders of all experience levels is a major reason for its widespread adoption.

 

👉 Rwandan traders can easily duplicate trades and set up automated trading systems using Exness’ MetaTrader 4 and MetaTrader 5 platforms on a desktop computer.

 

👉 The latest version of MetaTrader 5 supports 31 languages. Many popular features are available on the platform, including:

➡️ Alerts. This is a unique feature that allows Rwandan traders to be updated when an instrument reaches a specific price level. Alerts can be delivered via audio, email, or push notifications to a mobile device.

➡️ Watchlists. The Market Watch panel allows traders to keep track of their most frequently used instruments and see real-time prices.

➡️ Trading with only a single click of a button. This feature allows traders to execute orders with a single click and no secondary confirmation

➡️ Trading from the chart. With MetaTrader 5, Rwandan traders can easily start trading directly from their charts.

 

WebTrader Platforms

Exness Review WebTrader Platforms

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ Exness Terminal

 

MetaTrader 4 and 5

👉 An online trading platform, WebTerminal resembles the look and feel of both the MT4 and MT5 user interfaces. To use this platform’s advanced account management capabilities, you must use the Exness MT4 framework.

 

👉 MetaTrader allows Rwandan traders to run up to 128 real accounts or 10 practice accounts concurrently (open on the same server). Rwandan traders may access the global financial markets with Exness’ MT4 for Web platform at any time and from any location.

 

👉 Transactions can be completed quickly and reliably due to the platform’s simplicity and efficiency.

 

👉 Rwandan traders can also use MetaTrader 5 via Exness. The whole MT5 platform may be accessed with a single browser. A web browser may access prices at Level II, deep liquidity feeds, and spreads as low as 0.0 pips.

 

Exness Terminal

👉 With its user-friendly design and powerful, one-of-a-kind charting capabilities, the Exness Terminal provides traders with a seamless trading experience from start to finish. The interface makes it possible for fast-paced traders to access a total of over 50 drawing tools and more than 100 different indication kinds.

 

👉 TradingView also provides charts on the Exness Terminal, which was developed by the company’s creative programmers and designers and is accessible for download. TradingView also provides charts on the Exness Terminal.

 

👉 Aside from that, the Exness Terminal is a web-based HTML5 application that is trustworthy, fast, and easy to navigate.

 

Trading App

Exness Review Trading App

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ Exness Trader app\

 

MetaTrader 4 and 5

👉 The MT4 mobile app for iOS and Android is available in Rwandan app stores for traders. To keep up with the markets, input positions, conduct analyses, check balances, place trades and get the most up-to-date market data accessible to them, traders across the globe utilize the mobile app.

 

👉 For Rwandan traders looking for a mobile trading platform that is easy to use, lightweight, reliable, and fast, this is the best option. Rwandan traders will especially like the MT4 mobile app’s market analysis and trade execution tools, as well as the app’s real-time charting and trading capabilities.

 

👉 Because of the rapid growth of Rwanda’s mobile trading market, traders may use Exness’ MT5 trading software from wherever they have internet access. MT5’s mobile solutions allow you to check, amend, and update all your orders from wherever you have an internet connection.

 

Exness Trader app

👉 More than 200 instruments can be traded on the Exness Trader app for iOS and Android. The app’s user-friendly layout is developed primarily for novices. The app offers real-time deposit and withdrawal capabilities as well as round-the-clock assistance.

 

👉 Classic indicators including moving averages, Bollinger Bands, and Parabolic SAR are included in the app’s charting tools, which include seven periods (M1, M5, M15, H1, H4, and D1).

 

👉 Market orders, as well as pending orders like limit orders and stop-loss orders, are all available via the app. Trade suggestions from Trading Central may be found in the Exness Trader app’s economic calendar.

Exness Range of Markets

Exness Review Trading App

👉 Rwandan Traders can expect the following range of markets from Exness:

➡️ Forex Major Pairs

➡️ Forex Minor Pairs

➡️ Forex Exotic Pairs

➡️ Metals

➡️ Cryptocurrencies

➡️ Energies

➡️ Precious Metals

➡️ Stocks

➡️ Indices

 

Financial Instruments and Leverage offered by Exness

🔨 Instrument✔️ Number of Assets Offered📈 Maximum Leverage Offered
➡️ Forex100• Equity 0 – 999: Unlimited
• 0 – 4,999: 1:2000
• 5,000 – 29,999: 1:1000
• 30,000+: 1:500
➡️ Precious Metals4• Equity 0 – 999: Unlimited
• 0 – 4,999: 1:2000
• 5,000 – 29,999: 1:1000
• 30,000+: 1:500
➡️ Indices11• 1:400 (US30, US50, USTEC)
• 1:200 all other Indices
➡️ Stocks100+1:20
➡️ Cryptocurrency141:25
➡️ Energies21:200

Broker Comparison for Range of Markets

🥇 Exness🥈 BD Swiss🥉 Alpari
➡️️​ ForexYesYesYes
➡️️​ Precious MetalsYesYesYes
➡️️​ ETFsNoNoNo
➡️️​ CFDsYesYesYes
➡️️​ IndicesYesYesYes
➡️️​ StocksYesYesYes
➡️️​ CryptocurrencyNoYesNo
➡️️​ OptionsNoNoNo
➡️️​ EnergiesYesYesYes
➡️️​ BondsNoNoNo

Exness Trading and Non-Trading Fees

Spreads

Exness Review Trading Fees

👉 Since each account is designed to serve a certain sort of trader, which will vary from one to the next, Rwandan traders will be charged varying spreads depending on the type of account they choose to use. Listed below are some instances of typical spreads that traders may anticipate experiencing while trading in the financial markets using Exness:

💻 Account💰 EUR/USD💰 XAGUSD💰 BTC/USD💰 US Oil💰 AAPL💰 USTEC
Standard Account1 pip3.8 pips496 pips9.5 pips0.9 pips55 pips
Standard Cent Account1 pip3.8 pips
Raw Spread Account0 pips1.9 pips193 pips4.4 pips4.4 pips10 pips
Zero Account0 pips0.1 pips193 pips2.3 pips2.3 pips8.5 pips
Pro Account0.6 pips2.4 pips310 pips5.9 pips5.9 pips34 pips

 

Commissions

Exness Review Commissions

👉 Occasionally, a flat rate commission is charged on certain accounts to guarantee that the broker gets compensated for the services given while arranging the deal. In this case, commissions are levied on the following trading 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 Overnight Fees

👉 Exness does not charge swap costs for stocks, cryptocurrencies, indices, gold, and several prominent currencies, depending on your account settings. Exness does charge swap fees for commodities.

 

👉 Exness provides two swap-free levels: Extended and Standard, both of which are available at no additional cost. What distinguishes them is the number of instruments you may store overnight without being paid for them.

 

👉 Some typical overnight fees are as follows:

➡️ EUR/USD – a long swap of -0.63356 pips and a short swap of 0.14698 pips

➡️ XAG/USD – a log swap of -0.0857 pips and a short swap of -0.0597 pips

➡️ US OIL – a long swap of 0.65 pips and a short swap of -3.9 pips

 

Deposit and Withdrawal Fees

Deposit and Withdrawal Fees

👉 Exness does not charge Rwandan traders any deposit or withdrawal fees.

 

Inactivity Fees

Inactivity Fees

👉 There are no fees charged by Exness on any inactive accounts.

 

Currency Conversion Fees

Currency Conversion Fees

👉 Rwandan traders who register a trading account with Exness, and who deposit or withdraw in RWF, could be subject to currency conversion fees as RWF is not an accepted account base currency.

Exness Deposits and Withdrawals

Exness Review Deposits And Withdrawals

👉 Exness offers the following deposit and withdrawal methods:

➡️ Bitcoin

➡️ Debit Card

➡️ Credit Card

➡️ Internet Banking

➡️ Skrill

➡️ Neteller

➡️ Perfect Money

➡️ Tether (USDT OMNI)

➡️ WebMoney

➡️ Mybux

➡️ Ozow

 

Comparison: Deposit and Withdrawals

🥇 Exness🥈 BDSwiss🥉 Alpari
Minimum Withdrawal TimeInstant10 MinutesInstant
Maximum Estimated Withdrawal TimeUp to 72 hoursBetween 7 to 10 days3 to 5 Business Days
Instant Deposits and Instant Withdrawals?YesNoYes

How to Deposit Funds with Exness

Exness Review How to Deposit Funds Into Your Account Step 2

👉 To deposit funds to an account with Exness, Rwandan Traders can follow these steps:

➡️ Before making the minimal investment to begin trading, Rwandans must validate their identification and residence. Due to this restriction, deposits are restricted for unverified accounts.

➡️ Depending on the kind of account, Rwandan traders must submit a minimum deposit ranging from 10,200 RWF to 510,000 RWF (10 USD or 500 USD, respectively). Before depositing funds into a trading account, Rwandan traders are urged to verify the accuracy of the currency conversion to save on additional fees that could be charged.

➡️ Before depositing to a trading account, Rwandan traders must verify their account numbers and other personal details.

Exness Fund Withdrawal Process

Exness Review How to Withdraw Funds From Your Exness Account Step 2

👉 To withdraw funds from an account with Exness, Rwandan Traders can follow these steps:

➡️ To log in, go to the Personal Area of the Exness website.

➡️ The “Withdrawal” tab can be found on the dashboard by selecting it.

➡️ Select a desired mode of payment from among the available options.

➡️ Complete the required fields by providing a bank account number, payment method, and the amount you want to withdraw.

➡️ Lastly, to complete the withdrawal transaction, you must enter the verification code that you got through SMS or email.

Exness Education and Research

Exness Review Education And Research

👉 Exness does not offer Rwandan traders any basic educational materials but offers these trading tools and resources:

➡️ Analytical Tools

➡️ Trader’s Calculator

➡️ Economic Calendar

➡️ Currency Converter

➡️ Tick History

 

Research and Trading Tool Comparison

🥇 Exness🥈 BDSwiss🥉 Alpari
Economic CalendarYesYesYes
VPSYesYesNo
AutoChartistNoYesNo
Trading ViewYesNoNo
Trading CentralYesYesNo
Market AnalysisYesYesYes
News FeedYesYesYes
BlogYesYesYes

Exness Bonuses and Promotions

👉 Exness does not currently offer any bonuses or promotions to Rwandan traders.

How to open an Affiliate Account with Exness

Exness Review Affiliate Program

👉 To register an Affiliate Account, Rwandan Traders can follow these steps:

➡️ Obtain further information by visiting the official Exness website and clicking on the “More” tab at the top of the navigation bar.

➡️ A drop-down menu will appear with the option “Partnership Program” highlighted.

➡️ Once a new page has loaded, select the “Start Now” option to begin the process.

➡️ You must register for the Exness client area today if you have not previously done so or log in if you have previously registered.

➡️ To get permission from Exness, you must first complete and submit the Affiliation registration form to the company.

➡️ Once your application has been completed successfully, you can take advantage of the comprehensive affiliate program that Exness offers.

 

Exness Affiliate Program Features

Exness Affiliate Program

👉 When it comes to offering aesthetically appealing and regularly scheduled pay-outs to its consumers, Exness is the clear industry leader.

 

👉 By referring customers to Exness, you may make money without doing any work. In the Exness Partnership Program, the ‘partner connection’ is critical. Investors may provide their customers with a referral ID in the form of a custom URL.

 

👉 Investors will get compensation if the URL is shared, and a prospective customer joins up through the partner link.

 

👉 In exchange for initial deposits (CPA) and leads (CPL), Exness compensates its affiliates. The CPA is defined as follows:

➡️ Exness will pay up to $1,770 in commissions depending on the platform, the referrer’s place of residency, and the size of their initial deposit (with a $10 minimum).

➡️ Exness allows traffic from over 40 countries worldwide.

➡️ The broker provides regular monthly pay-outs as well as extra incentives for the best overall performance.

Exness Customer Support

Exness Customer Support

👉 In addition to its superb trading conditions and range of trading accounts, Exness is known for its award-winning customer support.

Customer SupportExness’s Customer Support
⏰ Operating Hours• 24/5 for 15 languages
• 24/7 for English and Chinese
🗣 Support LanguagesEnglish, Chinese, Japanese, Portuguese, Thai, Vietnamese, and others
🗯 Live ChatYes
📧 Email AddressYes
📞 Telephonic SupportYes
✔️ Local Support in Rwanda?No
🥇 Overall quality of Exness Support3/5

Exness Corporate Social Responsibility

Exness Review Social Responsibility

👉 Exness has been providing financial advising services to customers since its inception in 2008. Petr Valov, the company’s CEO, is excited about the company’s commitment to Corporate Social Responsibility (CSR) and the chance to give back to people all around the globe.

 

👉 Exness provides a continual system of support and encouragement to assist people in reaching their full potential in both their professional and personal life. This area includes education, the environment, and resolving social and medical challenges in the locations where people live and work.

 

👉 Exness is supporting the provision of educational options relevant to today’s youth’s future jobs.

Overall Rating

Min Deposit

USD 10

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

Yes

Total Pairs

107

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Our Verdict on Exness

👉 Exness is a brokerage firm that has been acknowledged for its timely accomplishments and high operating standards in a transparent, fully regulated manner by several different countries. 

 

👉 In the FX and CFD market, Exness prides itself as a major player with a distinctive product line. This has features like as fast withdrawals, low swap costs, and the ability to trade socially that set it apart.

Exness Pros and Cons

✔️ Pros❌ Cons
Exness is regulated by several reputable market regulators in several regionsThere is no educational material for beginner traders
Rwandan traders can choose from several different account typesThere are only a few asset classes offered
There is a proprietary Exness terminal and trading app offeredThere is a lack of standalone tools on the Exness website
Exness provides protection for investors and guarantees the segregation of funds
There is prompt customer support that is available 24/7 across different channels
Rwandan traders can expect competitive trading conditions from Exness
MetaTrader 4 and 5 are supported
Exness offers multi-currency accounts

FAQ

Does Exness have Volatility 75?

No, Exness does not currently have Volatility 75 (VIX).

 

How much do I need to trade NASDAQ on Exness?

You can start trading Nasdaq with a minimum deposit of 10 USD. Nasdaq is traded one contract at a time and the minimum lot size per position is 0.01 lot, with a maximum of 20 lots. The margin requirement to trade Nasdaq is 0.25%.

 

Which indices does Exness offer?

Exness offers ASX 200, US Wall Street 30, CAC 40, DAX, Hong Kong 50, Nikkei 225, Nasdaq 100, S&P 500, and more.

 

Does Exness have Nasdaq?

Yes, On their site, they have Nasdaq CFDs available under the name USTECm.

 

Why can’t I withdraw from Exness?

If you are struggling to make a withdrawal, it could be a sign that you do not have enough funds to process a withdrawal. To fix this, check to see if any open orders are creating any fluctuations in your free margin.

 

To settle your account, consider cancelling any active trades before entering the required withdrawal amount. As a precaution, make sure the currency you are withdrawing is listed in your account’s currency.

 

Is Exness regulated?

Yes, Exness is well-regulated by the FCA (FSR 730729), FSCA (FSP 51024), CySEC (178/12), FSC BVI (SIBA/L/20/1133), FSC (GB20025294), CBCS (0003LSI), and FSA (SD025).

 

Is Exness safe or a scam?

Exness is a safe broker. Regulators throughout the world are currently authorizing and overseeing Exness’ operations. However, protection is reduced if you create an account with an Exness offshore firm that is not regulated in your country of residence.

 

Is Exness legit?

Yes, it is safe to say that Exness is a reliable broker that charges reasonable trading costs (against major currency pairs).

 

What is the withdrawal time for Exness?

All withdrawals are processed either instantly or within 72 hours. However, it could take a few days for withdrawn funds to clear and appear in your bank account.

 

What are the withdrawal fees at Exness?

Exness does not charge any withdrawal fees.

Conclusion

👉 Now it is your turn to participate:

➡️ Do you have any prior experience with Exness?

➡️ What was the determining factor in your decision to engage with Exness?

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

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

 

👉 Regardless, please share your thoughts in the comments below.

10/10 - (1 vote)

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