7 minute read
Is Exness a Good Broker in Australia? A Comprehensive Review
from Exness
by Exness Blog
Is Exness a good broker in Australia? The short answer is: Yes, Exness is a reliable and competitive broker for Australian traders — but it depends on your trading needs. In this comprehensive review, we will dive into the key factors that determine whether Exness is a suitable choice for retail and professional traders in Australia.
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From regulatory compliance and trading conditions to platform functionality, fees, and customer support, here’s everything you need to know before opening an account with Exness.
Exness at a Glance: What You Should Know First
Founded in 2008, Exness has grown into one of the most recognized names in online forex and CFD trading. With over 600,000 active clients and monthly trading volumes exceeding $4 trillion, it has built a strong reputation for transparency, fast execution, and user-friendly platforms.
Although headquartered in Cyprus and Seychelles, Exness offers services to Australian traders through Exness (SC) Ltd, regulated by the Financial Services Authority (FSA) of Seychelles, and Exness B.V., registered in Curaçao.
However, Exness is not regulated by the Australian Securities and Investments Commission (ASIC). This matters, and we’ll discuss its implications below.
Is Exness Legal and Safe for Australian Traders?
While Exness is not ASIC-regulated, it is still legal for Australian traders to open an account. Exness operates under a global regulatory framework including licenses from the FCA (UK), CySEC (EU), and FSA (Seychelles). These licenses help enforce transparency, segregation of client funds, and protection policies.
Still, there’s a trade-off. Without ASIC regulation, Australian users fall under Exness's offshore entities, which means:
No access to local dispute resolution via the Australian Financial Complaints Authority (AFCA).
Leverage can be significantly higher than ASIC-licensed brokers (which cap leverage at 30:1).
No investor compensation scheme specific to Australian jurisdiction.
If local regulation is your top priority, you may prefer a broker that is ASIC-licensed. But if you’re seeking more flexible trading conditions and higher leverage, Exness remains a strong candidate.
Trading Instruments: Wide Range of Markets
Exness offers access to a broad array of instruments, including:
Forex: Over 100 currency pairs including majors, minors, and exotics.
Commodities: Gold, silver, oil, and other metals.
Cryptocurrencies: BTC, ETH, XRP, and more, with 24/7 trading.
Indices: Popular indices like S&P 500, NASDAQ, DAX, FTSE.
Stocks: Major U.S. and global company shares via CFDs.
This broad offering makes Exness attractive for traders looking to diversify their portfolios beyond just forex.
Account Types: Which One Is Right for You?
Exness offers two main categories of accounts: Standard and Professional.
Standard Accounts
Standard Account: Ideal for beginners. No commission, spreads from 0.3 pips.
Standard Cent Account: Perfect for practice or micro-trading. Uses cent lots, minimum deposit as low as $1.
Professional Accounts
Raw Spread Account: Tight spreads starting from 0.0 pips with a commission of $3.5/lot/side.
Zero Account: Zero spreads on top instruments with fixed commission.
Pro Account: No commission, low spreads, and instant execution.
Most Australian retail traders go for the Raw Spread or Standard Account, depending on their experience and strategy. The flexibility to switch between account types is a plus.
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Trading Platforms: MetaTrader 4, MetaTrader 5, and Exness Terminal
Exness supports both MT4 and MT5, the industry’s most popular trading platforms, compatible with desktop, web, and mobile.
Features include:
Advanced charting tools.
Algorithmic trading with Expert Advisors (EAs).
One-click trading and customizable indicators.
Real-time news and economic calendars.
Exness also offers its own web-based terminal with a sleek, user-friendly design optimized for fast execution and minimal distractions — ideal for traders who don’t need all the bells and whistles of MT5.
Leverage and Margin: High Risk, High Reward
One of Exness’s standout features for Australian clients is unlimited leverage (yes, literally unlimited), but it comes with conditions:
Unlimited leverage is only available after completing a few trading milestones.
For new accounts, the leverage cap may start at 1:2000 or lower.
Risk management protocols apply, especially during news events.
This is a double-edged sword. On one hand, high leverage allows for larger positions with less capital. On the other hand, it increases risk exponentially, especially for beginners.
If you’re an experienced trader using tight risk management, the leverage freedom Exness offers can be a major advantage.
Spreads and Commissions: Transparent and Competitive
Exness is highly competitive when it comes to pricing. Spreads on the Raw Spread and Zero Accounts can go as low as 0.0 pips, especially on major forex pairs during high liquidity hours.
Standard account holders enjoy zero commission and floating spreads, which start around 0.3 to 1.0 pips — still very fair for the industry.
No hidden fees, no markup tricks — just transparent cost structures that are clearly outlined before you trade.
Deposit and Withdrawal: Lightning-Fast and Fee-Free
Exness truly shines in this area. They offer instant deposits and withdrawals, 24/7, through multiple local and international payment options including:
Bank cards
Bank transfer (local in Australia via third-party processors)
Skrill, Neteller
Bitcoin, Tether (USDT)
Most withdrawals are processed automatically within seconds, even on weekends. No extra fees are charged by Exness — although your payment provider may have its own costs.
Compared to many other brokers that take 1–3 days for withdrawals, Exness is far ahead in this aspect.
Customer Support: Multilingual and Reliable
Exness provides 24/7 live chat and email support in multiple languages, including English. Their support team is known to be responsive and knowledgeable — especially useful when dealing with payment issues or technical problems.
Unfortunately, there is no dedicated Australian office or local phone number, which might be a drawback if you prefer direct local contact.
Still, for most users, the 24/7 live chat and email support is more than enough.
Education and Research: Room for Improvement
While Exness offers basic educational resources like articles, glossaries, and trading tutorials, the content is not as in-depth compared to top-tier brokers. There are no webinars, in-depth video courses, or one-on-one mentorships.
If you're a beginner looking for structured learning, you may need to supplement your education with external resources or consider brokers with more robust educational programs.
However, the market analysis tools available on MT5, plus the economic calendar and real-time newsfeed, still provide solid support for intermediate and advanced traders.
Pros and Cons of Using Exness in Australia
Pros:
High leverage options (up to unlimited).
Competitive spreads and low commissions.
Fast, automated withdrawals (including weekends).
Wide range of tradable assets.
MT4, MT5, and web trading terminals.
Multiple account types for all experience levels.
Cons:
Not regulated by ASIC.
No investor compensation scheme in Australia.
Limited educational content.
No local Australian office or phone support.
Who Should Use Exness in Australia?
Exness is best suited for:
Intermediate to advanced traders who understand risk management and want high-leverage trading.
Scalpers and algorithmic traders who value fast execution and tight spreads.
Experienced forex and CFD traders looking for a wide range of markets and reliable withdrawals.
Beginners should proceed with caution, especially because of the high leverage and lack of strong educational support.
Final Verdict: Is Exness a Good Broker in Australia?
Yes — for the right trader.
If you're seeking a broker with competitive pricing, fast execution, and flexible leverage, Exness is one of the strongest international brokers accessible to Australian residents. Its transparency, trading conditions, and withdrawal systems are hard to beat.
However, if you prioritize ASIC regulation, investor protection, and localized support, you may want to explore other ASIC-licensed options.
Ultimately, Exness delivers where it counts: fast trades, low costs, and minimal friction, making it a top contender for serious traders in Australia.
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