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Exness Broker Fees: Charges Explained
When I first started trading with Exness, I was impressed by their transparent fee structure. After five years in the forex market, I've learned that understanding all costs upfront is crucial for profitability. Exness offers competitive pricing across their various account types, but like any broker, there are specific fees you need to factor into your trading strategy.
The fee structure varies between Standard, Raw Spread, and Pro accounts, with different spreads, commissions, and overnight charges depending on your trading style. Whether you're a day trader focused on quick executions or a position trader concerned about swap rates, knowing exactly what you're paying for each trade can make the difference between profit and loss.
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Types of Fees on Exness
Trading with Exness involves two main categories of fees: trading and non-trading fees. As someone who's been using this platform for years, I've had to become familiar with both.
Trading fees include spreads, commissions, and overnight financing (swaps). These directly impact your trading activity and are charged when you open positions, keep them overnight, or close them. Spreads are the primary cost for most traders - that's the difference between buy and sell prices of an instrument. Commission fees apply mainly to Raw Spread and Pro accounts, charged as a fixed dollar amount per lot traded. Swap fees kick in when you hold positions overnight and can be positive or negative depending on interest rate differentials between currencies.
Non-trading fees are less common on Exness, which is one reason I've stuck with them. Unlike many brokers, Exness doesn't charge deposit fees, withdrawal fees (for most methods), or inactivity fees. This is refreshing compared to other platforms where your account balance slowly drains if you take a break from trading. They also don't charge conversion fees when you deposit in your account currency, although your payment provider might have their own fees.
Trading Fees on Exness
The trading fees on Exness vary significantly depending on what and how you trade. From my experience, this is where most of your costs will come from.
Spreads start from as low as 0.0 pips on Raw Spread accounts, while Standard accounts have wider spreads but no commissions. For popular pairs like EUR/USD, you might see spreads averaging around 0.9 pips on Standard accounts during normal market conditions. However, during major news events or low liquidity periods, these spreads can widen considerably - I've seen them jump to 3-4 pips during NFP releases. Commodity and exotic currency pairs typically have wider spreads; XAUUSD (gold) often runs around 2-5 pips, while exotic pairs like USD/ZAR can exceed 20 pips.
Commission charges apply to Raw Spread and Pro accounts, typically set at $3.50 per lot per side. This means a complete round-trip trade costs $7 per standard lot. For smaller traders working with mini or micro lots, these commissions scale proportionally. Swap rates vary widely between instruments and can change based on market conditions. Some high-yield currency pairs can have significant positive or negative swaps - I've seen daily swap rates exceeding 10% annualized on pairs involving Turkish Lira or South African Rand.
Non-Trading Fees on Exness
Non-trading fees are where Exness really stands out from competitors. Throughout my trading career, I've seen brokers nickel and dime clients with various administrative charges, but Exness takes a different approach.
Exness doesn't charge deposit fees on their end, regardless of the payment method you choose. This is a significant advantage considering many brokers charge 2-3% for credit card deposits or fixed fees for bank transfers. Similarly, withdrawals are free for most methods, though there are minimum withdrawal amounts (typically $3-$50 depending on the method). I've regularly used both bank cards and e-wallets for withdrawals without incurring any Exness fees.
There are no account maintenance fees, inactivity fees, or monthly subscription charges. This policy has saved me hundreds of dollars over the years compared to other platforms that charge $10-30 monthly after 3-6 months of inactivity. Currency conversion fees are also absent when you deposit in your account's base currency. If you deposit in a different currency, conversion will happen at the market rate plus a small markup - in my experience, usually around 0.5-1%.
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Fee Structure by Account Type on Exness
The fee structure varies significantly across Exness account types, each designed for different trading styles. I've tried most of these account types over the years, so I can share some real-world insights.
Standard accounts have the simplest fee structure with no commissions but wider spreads. They're ideal if you're just starting out or trade less frequently. Raw Spread accounts offer the tightest spreads (I've seen EUR/USD as low as 0.1 pips during liquid market hours) but charge commissions on each trade. This works out better for scalpers and day traders who open multiple positions daily. Pro accounts have similar commission structures to Raw Spread accounts but with potentially better execution and slightly reduced swap rates. The Zero account is a unique offering with zero commissions and raw spreads, but it requires maintaining a significant account balance.
Each account type also handles swap charges differently. While the basic rates are similar, Pro accounts sometimes offer reduced swap rates on certain instruments. If you're planning swing trades or longer-term positions, this difference can impact your overall costs significantly over time.
How Exness Fees Compare to Other Brokers
Having traded with several brokers over my career, I can say Exness offers competitive fees, but they're not always the lowest in every category.
Compared to major brokers like IG and Saxo Bank, Exness typically offers lower spreads and commissions. For example, EUR/USD spreads on Exness Standard accounts average around 0.9 pips, while IG's standard accounts often run 1.6-2.0 pips. Against discount brokers like IC Markets or FP Markets, Exness Raw Spread accounts are very competitive but not always the absolute lowest.
Where Exness really outshines competitors is in non-trading fees. Many brokers charge inactivity fees after 3-6 months ($10-30 monthly), withdrawal fees ($5-30 per transaction), or account maintenance fees. XM charges €10 monthly after 90 days of inactivity, while FXTM charges $5 per month after six months of inactivity. Exness charges none of these.
For Islamic (swap-free) accounts, Exness is also more transparent than many competitors. Instead of hidden markup fees that some brokers apply to their swap-free accounts, Exness charges an administration fee only on specific instruments, clearly displayed before trading.
How to Reduce Trading Costs on Exness
After years of trading on Exness, I've discovered several practical ways to minimize fees. These strategies have helped me save thousands of dollars annually.
Choose the right account type for your trading style - Raw Spread accounts are better for frequent traders despite the commissions, while Standard accounts work better for occasional traders.
Trade during hours of peak liquidity to benefit from tighter spreads - typically 8:00-16:00 GMT when London and New York sessions overlap.
Avoid trading immediately before/after major economic announcements when spreads widen significantly.
Consider position size and duration - larger positions held briefly may benefit from Raw Spread accounts, while smaller positions held longer might be cheaper on Standard accounts.
Use limit orders instead of market orders when possible to avoid slippage costs.
Monitor swap rates and consider closing positions before weekends if you're paying negative swaps.
Deposit in your account's base currency to avoid conversion fees from payment providers.
Take advantage of Exness loyalty programs like trading volume rebates when available.
When I switched from a Standard to a Raw Spread account for my EUR/USD day trading, my overall trading costs decreased by about 40%, even after factoring in commissions.
FAQs About Exness Fees
Does Exness charge commissions on all accounts?
No, Exness doesn't charge commissions on all account types. Standard accounts and Zero accounts are commission-free, with costs built into the spread instead. Raw Spread and Pro accounts charge commissions, typically $3.50 per standard lot per side.
On a Standard account, if you trade 1 lot of EUR/USD, you'll pay only the spread (typically around 0.9-1.2 pips during normal market conditions). On a Raw Spread account, you might see a spread of 0.1-0.3 pips, but you'll pay $3.50 when opening the position and another $3.50 when closing it. For smaller traders using micro-lots, the commission scales down proportionally.
How are spreads calculated on Exness?
Spreads on Exness are calculated as the difference between the bid (sell) and ask (buy) prices of a trading instrument. These spreads reflect real market conditions and vary based on liquidity and volatility.
On Standard accounts, Exness adds a markup to the raw market spread. For example, during quiet market periods, I typically see EUR/USD spreads around 0.9-1.1 pips, but during high-impact news releases, these can temporarily widen to 3-5 pips or more. On Raw Spread accounts, you'll see much tighter spreads that more closely reflect interbank rates, often as low as 0.1 pips for major pairs during liquid market hours.
Are there hidden fees when withdrawing funds?
Based on my five years of experience with Exness, I can confidently say they don't charge hidden withdrawal fees on their end. This transparency is one reason I've stayed with them.
While Exness doesn't charge withdrawal fees, there are some important details to be aware of. Minimum withdrawal amounts vary by method – typically $3 for e-wallets and around $50 for bank transfers. Also, while Exness doesn't charge fees, your bank or payment processor might. I've found that withdrawals to most e-wallets process almost instantly, while bank transfers take 1-3 business days depending on your location and bank.
What is the typical swap fee for Exness?
Swap fees on Exness vary widely between instruments and can change daily based on interest rate differentials between the currencies involved in the pair. There's no single "typical" rate across all instruments.
From my trading experience, swap fees are calculated based on the size of your position, the instrument, and whether the swap is positive (you receive) or negative (you pay). For major pairs like EUR/USD, I've seen swaps range from -0.0001% to -0.001% of position value per day. For a standard lot position worth $100,000, this translates to roughly $1-10 per day. Exotic pairs with high interest rate differentials have much higher swap rates. Swap fees are triple on Wednesday-Thursday rollovers, so holding through this period costs significantly more.
