7 minute read
What Type of Broker Is Exness? Everything You Must Know
from EXNESS INDIA
Exness is a multi-asset CFD broker that operates with a hybrid execution model combining STP and ECN systems. In simple terms, it’s a No Dealing Desk (NDD) broker that connects traders directly to liquidity providers instead of taking the opposite side of their trades. This structure allows Exness to offer transparent pricing, fast execution, and fair trading conditions across forex, commodities, cryptocurrencies, indices, and stocks.
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1. Understanding What Type of Broker Exness Is
To define Exness properly, we need to look at two things: the financial instruments it offers and the execution model it uses.
1.1. A Multi-Asset CFD Broker
Exness allows clients to trade a wide range of instruments — forex, metals, cryptocurrencies, indices, energies, and stocks — all in the form of Contracts for Difference (CFDs).
When you trade CFDs, you don’t actually own the underlying asset. Instead, you’re speculating on the price movement of that asset. If the price moves in your favor, you make a profit; if it moves against you, you incur a loss.
This structure makes Exness a CFD broker, not a traditional stock or commodity broker. You’re not buying or selling physical gold, shares, or currencies — you’re trading their price movements using leveraged positions.
1.2. A Hybrid Execution Model: STP + ECN
Exness is known for using a hybrid model, blending STP and ECN execution:
STP (Straight-Through Processing) means that Exness routes your orders directly to its liquidity providers — large financial institutions that quote real-time prices. The broker does not manually intervene or act as the counterparty.
ECN (Electronic Communication Network) refers to a network where client orders can be matched directly with other participants — such as banks, other traders, and liquidity providers — ensuring true market pricing and minimal spreads.
By combining these two methods, Exness provides flexible trading conditions that suit both beginners and professionals. Its Standard accounts typically use the STP model with small markups on spreads, while Raw Spread, Zero, and Pro accounts offer near-ECN conditions with tight spreads and low commissions.
2. The No Dealing Desk (NDD) Approach
One of the key distinctions between brokers is whether they have a Dealing Desk or not.
A Dealing Desk broker (also called a Market Maker) often takes the opposite side of a client’s trade. That means when you buy, they sell, and vice versa. This can lead to a potential conflict of interest because the broker might profit from your losses.
Exness, on the other hand, operates with No Dealing Desk execution. This means:
Orders are sent directly to liquidity providers.
There is no manual intervention.
Prices come directly from the market.
Execution is fast, transparent, and automated.
This approach not only ensures fairer pricing but also builds trust. Traders know they are competing in the real market, not against their broker.
3. How Exness Executes Trades in Practice
When you place a trade on Exness, here’s what happens behind the scenes:
Your order is transmitted automatically to the broker’s servers.
Depending on your account type, Exness either passes it through STP routing or ECN matching.
The order is filled at the best available price from its liquidity pool.
The result is confirmed back to your trading platform — typically within milliseconds.
This automation is the essence of a Straight-Through Process — fast, direct, and transparent execution without human interference.
4. How Exness Differs from a Market Maker
It’s common for traders to wonder: Is Exness a market maker?
The answer is no, not in the traditional sense. Market makers create their own prices and take the opposite side of your trades. They may also delay executions or adjust quotes to manage risk.
Exness, however, doesn’t rely on such a model. Instead, it provides real-time market data from liquidity providers and earns revenue mainly from spreads and commissions — not from client losses.
This is why Exness can offer raw spreads starting from 0.0 pips and still remain sustainable as a business. It operates as an intermediary, not a competitor.
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5. Regulation and Transparency
A broker’s type is also linked to how it is regulated. Exness holds multiple licenses from respected authorities around the world, such as:
FCA (Financial Conduct Authority, UK)
CySEC (Cyprus Securities and Exchange Commission)
FSCA (Financial Sector Conduct Authority, South Africa)
FSC (Financial Services Commission, Mauritius)
FSA (Financial Services Authority, Seychelles)
These licenses require Exness to adhere to strict operational and financial standards, including segregated client funds, regular audits, and capital adequacy requirements.
In short, Exness’s regulatory framework supports its No Dealing Desk and hybrid STP/ECN model by ensuring transparency and reliability.
6. Account Types and Their Execution Models
The best way to see Exness’s hybrid nature is through its account structure.
6.1. Standard Accounts
Execution Type: STP
Spreads: From 0.3 pips (no commission)
Audience: Beginners and intermediate traders
Mechanics: Orders are routed directly to liquidity providers with a small markup on spreads.
6.2. Professional Accounts (Raw Spread, Zero, and Pro)
Execution Type: ECN-like
Spreads: As low as 0.0 pips
Commissions: From $3.50 per side per lot
Audience: Advanced or institutional traders
Mechanics: Orders are transmitted directly to liquidity pools for true market pricing.
This flexibility is what makes Exness a hybrid CFD broker — offering both easy access and professional-grade conditions under one roof.
7. Advantages of Exness’s Broker Type
The hybrid STP/ECN model provides several practical benefits for traders:
7.1. Transparent Pricing
Prices reflect the real interbank market, meaning you get authentic bid-ask quotes rather than artificial spreads created by a dealer.
7.2. Fast Execution
Because trades go directly through electronic systems, latency is minimized — crucial for scalpers and algorithmic traders.
7.3. Lower Conflict of Interest
Since Exness doesn’t take the opposite side of your trades, there’s no inherent incentive for the broker to see you lose.
7.4. Variable Spreads and Low Costs
The absence of a dealing desk means spreads fluctuate naturally with market conditions, often leading to tighter pricing overall.
7.5. Regulatory Security
Operating under multiple financial authorities provides additional confidence that funds are safe and operations are monitored.
8. Why Exness Chooses a Hybrid Model
Many brokers identify strictly as either STP, ECN, or Market Maker, but Exness combines STP and ECN for a reason: flexibility.
This approach allows the company to:
Offer stable pricing even in volatile markets by maintaining relationships with multiple liquidity providers.
Provide account options that suit traders of all experience levels.
Optimize execution speed without sacrificing transparency.
Balance liquidity flow between internal and external systems for greater efficiency.
By not locking itself into one rigid model, Exness adapts to different trading needs — from small retail traders using Standard accounts to professionals executing high-volume strategies on ECN-style accounts.
9. Comparing Exness to Other Broker Types
To fully understand where Exness stands, here’s how it differs from the main categories of brokers:
Market Makers create their own prices and act as counterparties to trades.
STP Brokers pass orders directly to liquidity providers with small markups.
ECN Brokers provide a direct trading network with raw spreads and commissions.
Exness merges both STP and ECN — routing most trades to external liquidity providers while maintaining stability and flexibility across account types.
This hybrid setup ensures Exness remains competitive in pricing while offering the transparency of true market access.
10. Final Thoughts: What Type of Broker Is Exness, Really?
To summarize clearly and directly:
Exness is a multi-asset CFD broker operating under a No Dealing Desk hybrid model that combines STP and ECN execution.
It provides traders with direct market access, transparent pricing, and fast order execution, all regulated by multiple top-tier authorities.
This model allows Exness to deliver both accessibility and professionalism — making it equally suitable for beginners exploring forex and seasoned traders running algorithmic or institutional-scale strategies.
With its reputation for reliability, regulatory compliance, and advanced technology, Exness stands as one of the most balanced and transparent brokers in the global CFD trading landscape.
✅ Trade with Exness now: Open An Account or Visit Brokers 👈
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