Broker review

Exness review: UK access, companies, MT5 and MT4

Q: Is Exness allowed in the UK?

Exness does not accept UK retail clients. Exness (UK) Ltd holds FRN 730729, checked on the FCA register on 20 Oct 2026, but serves business clients only; the FCA Firm Checker shows “No permissions” for investments. Exness’s own pages list the UK among the countries it does not accept.

Q: What is Exness UK?

Exness UK usually means Exness (UK) Ltd and its site exness.uk. It is a business-to-business company: it does not open trading accounts for individuals. Exness (VG) Ltd is also listed on that site as a business-only company.

Q: Is Exness regulated?

Its retail companies are regulated by the FSA Seychelles (Exness (SC) Ltd, licence SD025, register checked 20 Oct 2026), the Central Bank of Curaçao and Sint Maarten (Exness B.V., 0003LSI), the BVI FSC (Exness (VG) Ltd, SIBA/L/20/1133), CMA Kenya (licence 162, checked 20 Oct 2026), the FSCA in South Africa and the JSC in Jordan. The FSA Seychelles register shows no licence number for Exness (SC) Ltd.

Q: Does Exness offer MT5 and MT4?

Yes. Exness offers MT4, MT5 and its own Exness Terminal and Exness Trade app. A demo Standard MT5 account is created after registration. UK traders who want MT5 through an FCA company can compare Pepperstone, OANDA, IG and ThinkMarkets.

Q: What leverage does Exness offer?

Exness (SC) Ltd publishes 1:Unlimited if eligible (equity < 5,000 USD); 1:2000 by default; 1:1000 / 1:500 at higher equity; Exness (KE) Limited caps it at 1:400. Leverage for South African clients is not stated. FCA firms must limit retail CFD leverage to between 30:1 and 2:1, depending on the asset.

Q: Which Exness company serves South Africa?

Exness ZA (Pty) Ltd, FSP 51024 as Exness publishes it, acts only as an intermediary; the CFDs are issued by Exness (SC) Ltd as product supplier. Check the FSP number on the FSCA register. Exness’s Jordan company publishes its JSC licence as an image, so its number (not in text) is not in our data.

Q: What are Exness’s fees?

Standard, Standard Cent and Pro accounts carry no commission; Raw Spread charges up to USD 3.50 per lot per side on forex and Zero from USD 0.05. Exness publishes no EUR/USD spread in pips, and swaps are listed only in the Personal Area (checked 19 Oct 2026).

Exness does not open retail accounts for UK, EEA, US or Canadian residents. Its FCA company (FRN 730729) and CySEC company (licence 178/12) serve business clients only; retail clients sign up with companies in the Seychelles, Curaçao, the BVI, Kenya, South Africa or Jordan. MT4, MT5 and Exness’s own platform are offered.

Written and checked by: Low Spread Brokers team
Updated: 21 Oct 2026

Low Spread Brokers does not give personal investment advice.

Verdict at a glance

Exness

5.0/10

Entities 10

Minimum deposit: Not published
EUR/USD spread from: Not measured
Max retail leverage: 1:400 (CMA Kenya) · 1:Unlimited if eligible (equity < 5,000 USD); 1:2000 by default; 1:1000 / 1:500 at higher equity (FSA Seychelles, CBCS, BVI FSC)
Platforms: MT4, MT5, proprietary
Founded: 2008

6 of 10 licences checked on the register, 20 Oct 2026

Visit brokerUnpaid link

81.4% of retail investor accounts lose money when trading CFDs with this provider (Exness (KE) Limited).

All broker reviews

Exness’s preliminary rating is 5.0/10: platforms 6.5/10, accounts 6.0/10, regulation 3.5/10 and costs not measured, because Exness publishes no EUR/USD spread in pips. Regulation scores low: every company that takes retail clients is offshore or regional. Figures come from Exness’s pages and help centre, checked 19 Oct 2026; from an EU address exness.com redirected and its retail pages were read from Wayback Machine snapshots dated January to September 2026. We have not opened a live account. Read first: how we rankhow we make moneyeditorial policy

Edited by Low Spread Brokers team · Updated 21 Oct 2026

Quick answer

Is Exness allowed in the UK?

Not for retail clients. Exness does not accept retail clients from the UK, the EEA, the US or Canada. Its FCA and CySEC companies serve business clients only; retail accounts are opened with offshore entities (Seychelles, Curaçao, BVI) or regional ones (South Africa, Kenya, Jordan). On the FCA Firm Checker on 21 Oct 2026, Exness (UK) Ltd (FRN 730729) is authorised but shows “No permissions” for investments. A UK resident has no Exness company with FCA rules on leverage, negative balance protection and FSCS cover.

FCA rules cap retail CFD leverage between 30:1 and 2:1 and close out positions at 50% of required margin. Exness (SC) Ltd sets no such cap; its published leverage reads “1:Unlimited if eligible (equity < 5,000 USD); 1:2000 by default; 1:1000 / 1:500 at higher equity”.
FSCS pays up to £85,000 per eligible person per firm, and only for providers authorised by the FCA or PRA. Exness (SC) Ltd lists a Financial Commission fund of up to EUR 20,000 per client instead, a membership scheme rather than a statutory one.
81.4% of retail accounts with Exness (KE) Limited lost money (Wayback snapshot of 19 Jun 2026); no loss rate is published for the Seychelles, Curaçao or BVI companies.
Platforms: MT4, MT5, the Exness Terminal web platform and the Exness Trade app; no cTrader or TradingView in our data.

Exness pros and cons

Pros

MT4, MT5 and its own web terminal and app
Standard, Raw, Cent, swap-free and demo accounts in our data; Standard, Standard Cent and Pro carry no commission
6 of its 10 companies checked on a regulator’s register, including the CMA Kenya licence
Negative balance protection stated by Exness for its international companies

Cons

No retail accounts for UK, EEA, US or Canadian residents
Retail clients are served by offshore or regional companies, none of them Tier 1
No EUR/USD spread in pips and no single minimum deposit published
Compensation at Exness (SC) Ltd is a Financial Commission fund of up to EUR 20,000, not a statutory scheme

Entities and regulation

Exness lists 10 companies in our data (it claims 12). The two Tier 1 ones, Exness (UK) Ltd and Exness (Cy) Ltd, do not take retail clients. Licence numbers are as Exness publishes them; the table shows which ones we matched on a register and when.

Entities and regulation
Entity	Regulator	Licence	Max. retail leverage	Negative balance protection	Compensation
Exness (SC) Ltd	Offshore FSA Seychelles	SD025Company checked on the register, 20 Oct 2026; the register does not list the number	1:Unlimited if eligible (equity < 5,000 USD); 1:2000 by default; 1:1000 / 1:500 at higher equity	Yes	Financial Commission Compensation Fund, up to EUR 20,000 per client (EDR membership, not a statutory scheme)
Exness B.V.	Offshore CBCS	0003LSIAs published by the broker	1:Unlimited if eligible (equity < 5,000 USD); 1:2000 by default; 1:1000 / 1:500 at higher equity	Yes	Not published
Exness (VG) Ltd	Offshore BVI FSC	SIBA/L/20/1133Company checked on the register, 20 Oct 2026; the register does not list the number	1:Unlimited if eligible (equity < 5,000 USD); 1:2000 by default; 1:1000 / 1:500 at higher equity	Yes	Not published
Forexite Ltd.	Offshore FSC Belize	9110312Checked on the register, 20 Oct 2026	Not published	Not published	Not published
Exness (MU) Ltd	Offshore FSC Mauritius	GB20025294As published by the broker	Not published	Not published	Not published
Exness ZA (Pty) Ltd	Tier 2 FSCA	51024As published by the broker	Not published	Not published	Not published
Exness (KE) Limited	Tier 2 CMA Kenya	162Checked on the register, 20 Oct 2026	1:400	Yes	Not published
Exness Limited Jordan Ltd	Tier 2 JSC	Not publishedAs published by the broker	Not published	Not published	Not published
Exness (Cy) Ltd	Tier 1 CySEC	178/12Checked on the register, 20 Oct 2026	Not published	Not published	Not published
Exness (UK) Ltd	Tier 1 FCA	730729Checked on the register, 20 Oct 2026	Not published	Not published	Not published

Which entity will I get?

Pick your region to see which Exness company our data says would hold a retail account.

No Exness company takes retail clients from this region. Exness (UK) Ltd and Exness (Cy) Ltd serve business clients only, and Exness lists the UK, the EEA, the US and Canada among the countries it does not accept.

Exness (KE) Limited · CMA Kenya · 162 · Max retail leverage 1:400

Exness ZA (Pty) Ltd · FSCA · 51024 · Max retail leverage Not published

Warnings and clones

Search each Exness licence number on the regulator’s own register and compare the website address listed there with the one you are on. Clone firms copy real names and licence numbers.

Client money

Exness (SC) Ltd lists membership of the Financial Commission, with a compensation fund of up to EUR 20,000 per client; it is a dispute-resolution body’s fund, not a government scheme like the FSCS. Our data has no compensation details for Exness B.V. or Exness (VG) Ltd. Tier 1 regulators require client money to be held apart from the firm’s own money. An offshore company may not offer the same protection, and its compensation, if any, is the broker’s own arrangement.

Costs and fees

Exness publishes account-level “from” spreads only; pair spreads load in a script we could not read, so the table has no EUR/USD row and the costs score is not measured. The Raw Spread account charges up to USD 3.50 per lot per side on forex, depending on the instrument.

Spreads by pair and account

Spreads by pair and account
Pair	Account	Published spread	Checked	Source

6 of 10 licences checked on the register, 20 Oct 2026

Commission

3.5 USD per lot per side (Raw Spread)

Swaps

Exness publishes swap rates and per-instrument Raw Spread and Zero commissions only in contract specifications inside its Personal Area, so they are not in our data.

Non-trading fees

Minimum deposit: Not published as one amount; depends on payment method and region
Withdrawal fee: Not in our data
Inactivity fee: Not in our data

Account types

Account types listed for Exness in our data (checked 19 Oct 2026). The Zero account charges from USD 0.05 per lot per side, depending on the instrument. The Raw Spread commission appears as “from USD 3.5” in one help centre article and “up to USD 3.50” on the account pages. Minimum deposit: Not published

StandardCosts built into the spread, no separate commission.
RawRaw spread with a commission charged per lot.
IslamicSwap-free: no overnight interest; the broker sets other charges instead.
DemoVirtual money with live prices.
CentBalance and lot sizes in cents, for small position sizes.

Professional status

Opting up to professional status with Exness removes retail protections such as leverage caps and negative balance protection.

Demo account

Exness offers a demo account (checked 20 Oct 2026 on Exness’ site). Platforms: MT4, MT5, its own web platform (Exness Terminal) and its own app (Exness Trade). Demo results do not include slippage or the cost of a real loss. A demo Standard MT5 account is created in the Personal Area after registration; there is no demo for Standard Cent.

Trading platforms

Exness offers MT4, MT5 and its own platform: Exness Terminal on the web and the Exness Trade app (checked 19 Oct 2026). The demo account is opened on MT5 by default.

MT4MetaTrader 4: expert advisors and a wide indicator library.
MT5MetaTrader 5: more order types and timeframes than MT4.
proprietaryThe broker’s own web and mobile platform.

Markets

Forex: CFDs
Other markets: Not recorded in our data; check the product list of the company that holds your account

Deposits and withdrawals

Exness names 3 groups of funding methods; the full list appears only in the Personal Area and depends on the company and country.

Bank card (Visa, Mastercard, 3D Secure)
Prepaid cards (not US-issued)
Local and global payment methods (region-dependent, listed only in Personal Area)

List copied from the broker’s pages, checked 19 Oct 2026.

Before your first withdrawal

Methods in our data: 3
Withdrawal fees and times: Not in our data yet
Where to check: The deposits and withdrawals page of your company’s website

Score breakdown

Four criteria scored 0–10 from published data. Research and support show “not measured” until we open live accounts; the marker on each bar is the average of this page’s comparison set.

5.0/10

CostsWeight 25%Not measuredNot measuredSet average 7.7
PlatformsWeight 15%6.5Set average 8.3
RegulationWeight 25%3.5Set average 8.4
AccountsWeight 15%6.0Set average 7.7
ResearchWeight 10%Not measuredNot measuredSet average 0.0
SupportWeight 10%Not measuredNot measuredSet average 0.0

Published data log

Every dated entry behind the figures on this review, copied from Exness’s own pages. Licence rows show the leverage the broker publishes for that company.

Published data log
Checked	Entry	Published value
19 Jun 2026	Retail loss rate, Exness (KE) Limited	81.4%
Not published	Licence SD025, FSA Seychelles: max. retail leverage	1:Unlimited if eligible (equity < 5,000 USD); 1:2000 by default; 1:1000 / 1:500 at higher equity
Not published	Licence 0003LSI, CBCS: max. retail leverage	1:Unlimited if eligible (equity < 5,000 USD); 1:2000 by default; 1:1000 / 1:500 at higher equity
Not published	Licence SIBA/L/20/1133, BVI FSC: max. retail leverage	1:Unlimited if eligible (equity < 5,000 USD); 1:2000 by default; 1:1000 / 1:500 at higher equity
Not published	Licence 9110312, FSC Belize: max. retail leverage	Not published
Not published	Licence GB20025294, FSC Mauritius: max. retail leverage	Not published
Not published	Licence 51024, FSCA: max. retail leverage	Not published
Not published	Licence 162, CMA Kenya: max. retail leverage	1:400
Not published	Licence Not published, JSC: max. retail leverage	Not published
Not published	Licence 178/12, CySEC: max. retail leverage	Not published
Not published	Licence 730729, FCA: max. retail leverage	Not published

Our verdict on Exness

5.0/10

Exness offers MT4, MT5 and its own platform with commission-free Standard accounts, but only to clients outside the UK, the EEA, the US and Canada, through companies regulated offshore or regionally. Its regulation score of 3.5/10 reflects that: none of the companies that take retail clients is Tier 1.

Choose it if

you live in Kenya and want a CMA-licensed company (licence 162, leverage up to 1:400)
you live outside the UK, the EEA and North America and use MT4 or MT5

Look elsewhere if

you live in the UK, the EEA, the US or Canada
you want FSCS cover or FCA leverage limits
you need a published EUR/USD spread before you open an account

Visit brokerUnpaid link

81.4% of retail investor accounts lose money when trading CFDs with this provider (Exness (KE) Limited).

What changed

19 Oct 2026 Companies, retail restrictions, commission, platforms, demo terms and the Kenya loss rate collected from Exness’s pages, help centre and archived site.

Alternatives to Exness

Pepperstone, OANDA, IG and ThinkMarkets: brokers that accept UK residents through an FCA-authorised company and offer MT4 and MT5, in the order of this page’s rule.

1
Pepperstone
8.6/10
Minimum deposit
£10
EUR/USD spread from
0.0 pips
Regulated by
FCA, CySEC, BaFin, ASIC, DFSA, CMA (UAE), CMA Kenya, SCB
Visit brokerUnpaid link
73.6% of retail investor accounts lose money when trading CFDs with this provider (Pepperstone Limited (UK)).
Read review
2
OANDA
8.1/10
Minimum deposit
$0
EUR/USD spread from
0.0 pips
Regulated by
CFTC / NFA, FCA, KNF, ASIC, CIRO, MAS, JFSA, BVI FSC
Visit brokerUnpaid link
76.6% of retail investor accounts lose money when trading CFDs with this provider (OANDA Europe Limited).
Read review
3
IG
8.0/10
Minimum deposit
£1
EUR/USD spread from
0.6 pips
Regulated by
FCA, FCA, FCA, BaFin, ASIC, FMA, FINMA, MAS, DFSA, JFSA, FSCA, BMA, CFTC/NFA
Visit brokerUnpaid link
70% of retail investor accounts lose money when trading CFDs with this provider (IG Markets Ltd / IG Index Ltd (UK)).
Read review
4
ThinkMarkets
7.6/10
Minimum deposit
$10
EUR/USD spread from
Not measured
Regulated by
FCA, CySEC, ASIC, ASIC, DFSA, FSCA, FSA Seychelles, CIMA, FMA, Unregulated
Visit brokerUnpaid link
75% of retail investor accounts lose money when trading CFDs with this provider (TF Global Markets (UK) Limited).

Risk warning:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.

Low Spread Brokers does not give personal investment advice.

Advertiser disclosure How we rank brokers

FAQ

Exness review: questions

Answers use Exness’s published terms collected on 19 Oct 2026. Terms change: check the broker’s own page before you trade.

Ask a question

We cannot give personal investment advice.

1Is Exness allowed in the UK?

Exness does not accept UK retail clients. Exness (UK) Ltd holds FRN 730729, checked on the FCA register on 20 Oct 2026, but serves business clients only; the FCA Firm Checker shows “No permissions” for investments. Exness’s own pages list the UK among the countries it does not accept.