Exness Philippines - Exness Broker Review 2024

Exness Philippines is a multi-asset broker founded in 2008, which offers global trading for various currency pairs, metals, energies, stocks, indices, and cryptocurrencies. With both market and instant executions in MT4, MT5, and Webterminal trading platforms, Exness is a good choice for traders from Philippines.

Traders can choose one of these account types: Standard Cent, Standard, Raw Spread, Zero, and Pro accounts. This brokerage company is committed to providing better trading conditions in the markets, in the form of low spread starting from 0 pip, fast executions, unlimited leverage, and low to no commissions.

This broker is famous for its transparency, licensed and regulated by:

👉 FSA of Seychelles under the name Nymstar Limited
👉 CySEC of Cyprus under the name Exness (Cy) Ltd
👉 FCA of UK under the name Exness (UK) Ltd

With a minimum deposit of only 10 USD via a wide variety of payment methods (credit cards, electronic payment systems, and bank transfers), traders can start their trading journey easily. The safety and security of the clients’ funds are guaranteed since Exness Philippines complies with international standards of client protection.

To give better trading experiences to their clients, especially traders living in Philippines, Exness Philippines offers 24/7 support via email, phone, and live chat. Traders can contact them in 15 languages. In addition, various educational and support programs are available. Traders can learn and benefit from the video courses, insights and analysis, market and economic news, webinars, and many more. A number of tools, such as trader's calculator and currency converter, can also be accessed on their website.

Account types offered by Exness Philippines

There are two main types of accounts at Exness Philippines: Standard and Professional. Each account has their own advantages and disadvantages. That is why traders should learn more about all accounts offered before choosing an account to start trading.

Standard

Minimum Deposit: 10 USD
Leverage: 1:2000 (MT5), 1:Unlimited (MT4)
Minimum trade size: 0.01
Spread Type: Floating from 0.3 pips
Commission: No
Account Currency: USD, GBP, EUR, AUD, CHF, CAD
Platforms: MT4, MT5

👉 Open Standard

Standard Cent

Minimum Deposit: 100 Cent
Leverage: 1:2000 (MT5), 1:Unlimited (MT4)
Minimum trade size: 0.01
Spread Type: Floating from 0.3 pips
Commission: No
Account Currency: USD, GBP, EUR, AUD, CHF, CAD
Platforms: MT4

👉 Open Standard

Raw Spread

Minimum Deposit: 200 USD
Leverage: 1:2000 (MT5), 1:Unlimited (MT4)
Minimum trade size: 0.01
Spread Type: Floating from 0 pips
Commission: Yes, up to 3.5 USD per lot/side
Account Currency: USD, GBP, EUR, AUD, CHF, CAD
Platforms: MT4, MT5

👉 Open Raw Spread

Zero

Minimum Deposit: 200 USD
Leverage: 1:2000 (MT5), 1:Unlimited (MT4)
Minimum trade size: 0.01
Spread Type: 0 pip
Commission: Yes, up to 3.5 USD per lot/side
Account Currency: USD, GBP, EUR, AUD, CHF, CAD
Platforms: MT4, MT5

👉 Open Zero

Pro

Minimum Deposit: 200 USD
Leverage: 1:2000 (MT5), 1:Unlimited (MT4)
Minimum trade size: 0.01
Spread Type: Floating from 0.1 pips
Commission: No
Account Currency: USD, GBP, EUR, AUD, CHF, CAD
Platforms: MT4, MT5

👉 Open Pro

1. Standard Account

Exness Standard Account is intended for all traders, including beginners as it offers stable spreads with no requotes.

Standard Cent

This account is suitable for beginner traders who want to trade in a small amount. Only Forex and metals are available on the Standard Cent account. Traders can trade in USC, EUC, GBC, CHC, AUC, and CAC.

The maximum pending order is 50, with a minimum lot size of 0.01 lots and a maximum lot size of 20-200 lots depending on the trading time. The spread offered starts from 0.3 pips. The minimum deposit depends on the payment system, but it normally starts at 10 USD. This account does not charge any commissions and all transactions are market executed in the MT4 platform.

Standard

All trading conditions for this account type are similar to the Exness Standard Cent account: spread from 0.3 pips, a minimum deposit of 10 USD, and no commissions. Exness Standard Account uses market execution in MT4 and MT5 trading platforms.
The minimum lot size is 0.01 and the maximum lot size ranges from 20 to 200 lots, depending on the trading time. Traders can have unlimited positions with 100 pending orders maximum.

2. Professional Account

Exness Professional Account is most suitable for experienced traders. This account type offers super low spread or even zero spread and accepts all types of traders, including scalpers, day traders, and algotraders.

Raw Spread

Exness Raw Spread Account has the lowest raw spread compared to other account types. By making a minimum deposit of 200 USD, traders can register for a Raw Spread account and benefit from its spread as low as 0 pip using MetaTrader 4 and 5 trading platforms with an unlimited number of trading positions.

The available account currencies include USD, GBP, EUR, AUD, CHF, CAD, and many others. Traders can have unlimited pending orders with lot size starting from 0.01 to 20-200 lots, and market execution. However, there is a low fixed commission per lot/side up to 3.5 USD.

Zero

Experienced traders who want to trade using real market pricing with low spread can register an Exness Zero account. As the name suggests, the spread for this account starts from 0 pip with market execution in MT4 and MT5 platforms.

This account is available in many currencies, such as USD, GBP, EUR, AUD, CHF, CAD, and others. Traders can start by depositing a minimum of 200 USD. Then, they can open an unlimited number of trading positions and pending orders with an extremely low commission up to 3.5 USD for every lot traded. The lot size ranges from a minimum of 0.01 to a maximum of 20-200 lots.

Pro

As the ultimate account type at Exness Philippines, the Pro account offers instant execution for Forex, metals, indices, energies, and stocks, as well as market execution for cryptocurrencies. The first minimum deposit is 200 USD, but there is no minimum amount afterward.

With flexible spread as low as 0.1 pips, traders can trade a minimum of 0.01 lots and a maximum of 20-200 lots depending on the trading time. They are allowed to open unlimited positions and have unlimited pending orders with no commissions. There are many available currencies, including USD, GBP, EUR, AUD, CHF, CAD, and others in both MT4 and MT5 platforms.

How to deposit and withdraw funds at Exness Philippines

There are a wide variety of payment methods offered by Exness Philippines, including credit cards, e-wallets, bank transfers, and cryptocurrencies, with no processing fee. However, some electronic payment systems may charge an additional fee, so pay attention to that.
Below are the deposit and withdrawal methods available on Exness:

bank cards à minimum deposit: 10 USD, deposit: instant, withdrawal: up to 72 hours

e-wallets (Skrill, Neteller, Perfect Money, SticPay, WebMoney, etc.) à minimum deposit: 10 USD, deposit: instant, withdrawal: instant

cryptocurrencies (BTC, Tether/USDT OMNI) à minimum deposit: 10 USD, deposit: up to 72 hours, withdrawal: up to 72 hours

For traders living in Philippines, they may also use GCash as an another payment method.

One thing traders should always remember is, make sure that the name on the trading account is the same as the name on the payment system so the deposit can be credited quickly. Furthermore, withdrawal can only be done to the payment methods that are previously used for the deposit.

Is Exness Philippines reliable and safe?

Yes, Exness Philippines is safe and secure because they are a global brokerage company that is bound by strict international trading regulations. To comply with the international standards, they have to keep their clients’ money in segregated bank accounts, implement the anti-money laundering procedure, and maintain a certain amount of capital.

Exness Philippines Group is licensed and regulated by various regulators under different company names:

👉 Nymstar Limited: regulated by Financial Services Authority (FSA) of Seychelles
👉 Exness (Cy) Ltd: regulated by Cyprus Securities and Exchange Commission (CySEC) of Cyprus
👉 Exness (UK) Ltd: regulated by Financial Conduct Authority (FCA) of UK
👉 Exness B.V.: regulated by Central Bank of Curaçao and Sint Maarten (CBCS) of Curaçao
👉 Venico Capital Limited: regulated by Financial Services Commission (FSC) of BVI
👉 Vlerizo (Pty) Ltd: regulated by Financial Sector Conduct Authority (FSCA) of South Africa
👉 Tortelo Limited: regulated by Financial Services Commission (FSC) of Mauritius

In addition, this broker is a member of the Financial Commission. Thus, traders can ask this international organization to fairly review and resolve their complaints in the financial markets, and receive up to €20,000 per client.

Types of spreads in Exness Philippines

At Exness Philippines, traders can enjoy flexible spread as low as 0.3 pips for the Standard Cent and Standard accounts. The Pro account also offers floating spread from 0.1 pips. There is no commission fee for these three accounts.

On the other hand, the Raw Spread and Zero accounts charges a commission per lot up to 3.5 USD. However, the spread offered for these accounts is zero.

Below are the most typical spreads counted in pips for common currency pairs:

Trading platforms offered by Exness Philippines

Two of the most popular trading platforms, MT4 and MT5, are offered at Exness Philippines.

As the world's leading platform, the MT4 can be easily accessed on Android, iOS, Windows, Mac OS, Linux, and multiterminal using Standard Cent, Standard, Raw Spread, Pro, and Zero accounts. There are two types of order execution available: Instant and Market. This platform provides 23 analytical objects and 30 built-in technical indicators and accepts auto-trading using EA. All communications are encrypted using 128-bit keys.

The MT5 platform offers a better interface, productivity, and performance. Traders can benefit from 38 inbuilt indicators, 22 analytical tools, and 46 graphical objects, as well as one-minute interval charts, up to 21 timeframes in Standard, Raw Spread, Pro, and Zero accounts. This platform is accessible on Mac OS, Linux, Windows, iOS, and Android with instant and market executions.

Traders can also use Webterminal from MetaQuotes to start trading. They do not need to download or install anything. This reliable, fast, and user-friendly web platform is securely encrypted and offers 50 drawing tools and 100 indicators. Charting is also provided by TradingView.

Exness Philippines - Exness Broker Review 2024

Account types offered by Exness Philippines

How to deposit and withdraw funds at Exness Philippines

Is Exness Philippines reliable and safe?

Types of spreads in Exness Philippines

Trading platforms offered by Exness Philippines

Key advantages of trading with Exness Philippines