Is Exness legit or a scam?

Exness has operated since 2008 and is regulated by CySEC, FCA, FSCA, FSA Seychelles, CMA Kenya, FSC BVI, CBCS. Brokers with that history and licensing pay out; complaints usually concern spreads, bonus terms and withdrawal timing rather than non-payment.

What is the Exness minimum deposit?

from $10 (depends on payment method). For sensible risk management we suggest at least $300–500 with any broker.

Exness Review 2026: Is It Legit? Regulation, Spreads, Withdrawals, Pros and Cons

Exness in short

Exness was founded in 2008 and is headquartered in Limassol, Cyprus. Regulators: CySEC, FCA, FSCA, FSA Seychelles, CMA Kenya, FSC BVI, CBCS. EU retail clients are not served since 2021. One of the largest brokers in the world by volume; publishes monthly trading volumes.

All figures below come from the broker's public data as of this page's update date. Conditions differ by country and account type, so verify them on the Exness site before opening an account.

Accounts, spreads and commissions

Account types: Standard, Standard Cent, Pro, Raw Spread, Zero. Spreads and commissions: Standard from 0.3 pips; Raw Spread from 0.0 + $3.5 per lot per side; Zero — zero spread on majors most of the time with commission from $0.2. Leverage: up to 1:2000 and 'unlimited' leverage on some offshore accounts; 1:30 under EU entities. Platforms: MT4, MT5, Exness Terminal, Exness Trade App.

Deposits and withdrawals

Cards, bank transfers, skrill, neteller, perfect money, crypto, local methods; no broker fees, withdrawals are usually instant. As with every regulated broker, withdrawals go back by the method you funded with — an anti-money-laundering requirement, not a Exness quirk.

Bonuses

No deposit bonuses — the broker does not run them. Where a bonus exists, read the volume conditions before activating: a bonus is credit, not cash, and it is removed on withdrawal.

Drawbacks worth knowing

No EU retail entity — EU clients are not accepted
No bonuses or promotions
Standard spreads wider than Raw/Zero

Legit or scam: how we look at it

Searches for "Exness scam" are crowded with rating sites that publish the same template about every broker and end with a link to a "verified" partner. We do not do that. The facts are simple: Exness holds licences (CySEC, FCA, FSCA, FSA Seychelles, CMA Kenya, FSC BVI, CBCS), has operated since 2008 and publishes its terms. That does not guarantee it suits you, but it is not a scam in the sense those sites use the word.

Compared with brokers we test with real accounts

Below are the 3 brokers where we hold live accounts and measure conditions monthly. If you are choosing between them and Exness, see the head-to-heads: Exness vs Vantage, Exness vs VT Markets, Exness vs BullWaves. Also: Exness withdrawal guide, Exness bonus terms, Exness minimum deposit.