Exness is a trustworthy global trading forex broker. Colombians can rely on excellent trading conditions and market instruments. Exness offers Cent Accounts and unlimited leverage. The broker is committed to regulatory compliance and client security.
- Maryke Myburgh
Jump to:
Overview
Regulation and Safety of Funds
Awards and Recognition
Account Types and Features
Account Registration
Broker Comparison
Trading Platforms
Range of Markets
Fees
Deposit and Withdrawels
Education and Research
Bonuses and Promotions
Affiliate Programs
Customer Support
Social Responsibility
Final Verdict
Pros and Cons
FAQ
Min Deposit
USD 10
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MT4, MT5, WebTerminal, Exness Terminal
Crypto
Yes
Total Pairs
97
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Exness Review At a Glance
| 🗓Established Year | 2008 |
| 🪪Regulation and Licenses | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA |
| 🌟Ease of Use Rating | 5/5 |
| 💰Bonuses | No |
| ⏰Support Hours | 24/7 |
| 📊Trading Platforms | MetaTrader 4, MetaTrader 5, Exness Terminal, Exness App |
| 📈Account Types | Standard, Standard Cent, Raw Spread, Zero, Pro, Social Standard, Social Pro, Demo, Islamic |
| 💸Base Currencies | USC, EUC, GBC, CHC, AUC, CAC, AED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR |
| 📊Spreads | From 0.0 pips EUR |
| 📈Leverage | Unlimited |
| 💳Currency Pairs | 100+ |
| 💰Minimum Deposit | 39,000 COP ($10) |
| 💸Inactivity Fee | No |
| 🗣Website Languages | English, French, Indonesian, Portuguese, Spanish, Vietnamese, Arabic, Thai, Chinese (Simplified), Japanese, Korean, Urdu, Bengali, Hindi, etc. |
| ⚖️Fees and Commissions | Spreads from 0.0 pips, commissions from $0.1 |
| 📚Affiliate Program | Yes |
| 🏛️Banned Countries | USA, American Samoa, Baker Island, Guam, Howland Island, Kingman Reef, Marshall Islands, Northern Mariana Islands, Puerto Rico, Midway Islands, Wake Island, Palmyra Atoll, Jarvis Island, Johnston Atoll, Navassa Island, Martinique, US Virgin Islands, and the United States Minor Outlying Islands, Canada, Curaçao, Cuba, Sint Maarten, Falkland Islands, Uruguay, Australia, New Zealand, Vanuatu, North Korea, Malaysia, Singapore, Aland Islands, Andorra, Austria, Belarus, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Italy, Ireland, Kosovo, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Norway, Netherlands, Poland, Portugal, Romania, Russia, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom, Vatican City, Seychelles, Sudan, South Sudan, Réunion, Iraq, Iran, Israel, Syria, Yemen, Palestinian Territory |
| 💻Scalping | Yes |
| 🔎Hedging | Yes |
| ✴️Trading Instruments | Forex, Commodities, Stocks, Indices, Cryptocurrencies |
| 👉 Open Account | Open Account |
Overview
Exness has grown from its inception in 2008 to become a major trading solutions provider in the forex and CFD brokerage market. As reviewers to find the best online trading experience, we have researched numerous brokers, and Exness stands out for several reasons.
Our thorough analysis highlights Exness’ successful trajectory in the financial markets, marked by notable accomplishments and accolades attesting to the company’s dependability and exceptional service.
Exness distinguishes itself by offering a diverse range of trading options (forex, metals, cryptocurrencies, energy, and indexes) and a commitment to client security and regulatory compliance.
Exness offers Colombian traders services tailored to the unique Colombian market, which improves the trading experience even though no trading bonuses are offered. With a low minimum deposit, investors can now trade on well-known platforms, such as MT4 and MT5.
Exness’ affiliate program is extremely profitable, with potential pay-outs of up to $1,850 per referral and up to 40% of revenue from active traders introduced to the platform – another appealing feature.
Trading is safe and competitive because the broker is licensed by reputable regulatory bodies worldwide.
We discovered that Exness had won several awards, demonstrating Exness’s strong platform, transparent financial policies, broad market reach, and innovative solutions.
Exness’ strong commitment to security and trader safety distinguishes it as a compelling option for Colombian traders. Compensation funds and segregated accounts add an extra layer of security for traders.
Finally, our research revealed that Exness is more than just a broker; it acts as a gateway to international financial markets through a combination of cutting-edge technology.
As a Colombian trader, will I find Exness a worthy broker?
Yes, Colombian traders should find Exness worthy as it offers several financial products, such as cryptocurrencies, equities, commodities, indexes, and forex. The broker is also well-established and adheres to regulatory rules.
Can traders in Colombia access all the functions and features of holding trading accounts with Exness?
Yes, all the trading options and services rendered by Exness are available to traders in Colombia, although they can, for example, not use the local COP as account currency.
Regulation and Safety of Funds
Exness Regulation in Colombia
Exness is not regulated by Colombia’s Superintendencia Financiera de Colombia (SFC). However, Exness’ global regulations are listed in this table.
Exness Global Regulations
| 🏛️Registered Entity | 🌎Country of Registration | 🔎Company reg. | 🔎Regulatory Entity | 📈Tier | 🪪License Number/Ref |
| Nymstar Limited | Seychelles | 8423606-1 | FSA | 3 | SD025 |
| Exness B.V. | Saint Maarten | 148698(0) | CBCS | 3 | 0003LSI |
| Exness VG Limited | British Virgin Islands | 2032226 | FSC BVI | 3 | SIBA/L/20/1133 |
| Tortelo Limited | Mauritius | 176967 | FSC | 3 | GB20025294 |
| Vlerizo (Pty) Ltd | South Africa | 51024 | FSCA | 2 | FSP 51024 |
| Exness (CY) Ltd | Cyprus | HE 293057 | CySEC | 2 | 178/12 |
| Exness (UK) Ltd | United Kingdom | 0886148 | FCA | 1 | FSR 730729 |
| Tadenex Limited | Kenya | – | CMA | 2 | 162 |
Exness Protection of Client Funds
| 🛡️Security Measure | 🖺Information |
| Segregated Accounts | Yes |
| Compensation Fund Member | Yes, Financial Commission |
| Compensation Amount | €20,000 per client |
| SSL Certificate | Yes |
| 2FA (Where Applicable) | Yes, Exness App |
| Privacy Policy in Place | Yes |
| Risk Warning Provided | Yes |
| Negative Balance Protection | Yes |
| Guaranteed Stop-Loss Orders | Yes, above 1.2 pips |
Does Exness use segregated accounts for client money?
Yes, Exness uses segregated accounts for clients’ deposits.
Will I have negative balance protection with Exness?
Yes, Exness provides negative balance protection to protect Colombian traders from losing too much money.
Exness Awards and Recognition
We discovered the following awards recently won by Exness:
- Dubai, United Arab Emirates: Brokersview 2024 Award for Brokers with Outstanding Assessment in the Middle East.
- iFX EXPO Dubai 2024: Most Trusted Broker MEA 2024 award for dependability and solid reputation in the Middle East and Africa and Best IB/Affiliate Program MENA 2024.
- UF Awards LATAM 2024: Best Trading Conditions 2024 award.
Exness Account Types and Features
Exness’ selection of accounts caters to all levels of experience, which impressed us. The table below provides a quick overview of each account’s key characteristics, followed by additional features and benefits for Colombian traders.
| Standard | Standard Cent | Raw Spread | Zero | Pro | Social Standard | Social Pro | |
| ⚖️Availability | All | All | All | All | All | All | All |
| 📈Markets | Forex, Energies, Crypto CFDs, Stocks Indices | Forex, Metals | Forex, Metals, Crypto CFDs, Energies, Stocks, Indices | Forex, Metals, Crypto CFDs, Energies, Stocks, Indices | Forex, Metals, Crypto CFDs, Energies, Stocks, Indices | Forex, Metals, Crypto | Forex, Metals, Crypto |
| 💳Commissions | None | None | $3.5 | $0.1 | None | None | None |
| 💻Platforms | All | All | All | All | All | All | All |
| 📊Trade Size | From 0.01 lots up to 200 lots | From 0.01 lots up to 200 lots | From 0.01 lots up to 200 lots | From 0.01 lots up to 200 lots | From 0.01 lots up to 200 lots | From 0.01 lots to unlimited | From 0.01 lots to unlimited |
| 📈Leverage | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | 1:200 | 1:200 |
| 💰Minimum Deposit | 39,000 COP ($10) | 39,000 COP ($10) | 1.93 million COP ($500) | 1.93 million COP ($500) | 1.93 million COP ($500) | 1.93 million COP ($500) | 7.7 million ($2,000) |
Exness Demo Account
When we tested the Exness demo account, it appeared well-structured and designed with Colombian traders in mind.
According to our research, Colombian traders can access various trading options on their practice account, including forex, commodities, cryptocurrencies, energy, stocks, and indexes.
Upon registration, you are given a $10,000 virtual amount, which allows you to practice trading strategies without risking real money. Your account remains active as long as you use it frequently! If you do not use the account for 21 days, it will be deleted, so practice regularly to keep it active.
On PCs and mobile devices, popular platforms such as MetaTrader 4, MetaTrader 5, and the Exness Terminal allow you to test many strategies on different markets and asset classes.
Exness Standard Cent Account
This is an excellent account for Colombian traders unfamiliar with online trading.
The account allows you to trade currencies and commodities using the popular MT4 platform. The commission-free spreads begin at 1.0 pips and are advantageous for Colombian traders looking to cut costs.
This Exness account significantly reduces risk by allowing micro-lot trading while providing a realistic market experience. Trading careers can be started with a very low minimum deposit.
We believe it is the best option for those still learning and unprepared for high-volume trading.
Exness Standard Account
We discovered this account provides Colombian traders with increased accessibility and trading options.
Because of the low minimum investment, traders can begin with a small sum that will not expose them to significant risk. Including cryptocurrencies, energy, stocks, indexes, currencies, and commodities in this account broadens the options.
Spreads as low as 0.2 pips and no commission fees make this account suitable for new and experienced traders.
Exness Zero Account
We discovered the Exness Zero Account, designed specifically for scalpers and high-frequency traders, with spreads as low as 0 pips on common currency pairs.
This account is ideal for traders willing to spend more in exchange for tighter spreads and faster execution. It requires a minimum deposit of 1.93 million COP ($500). Exness charges a $3.50 commission fee.
Exness Pro Account
The Pro Account provides a premium trading environment with commission-free spreads starting at 0.1 pips. It allows market execution without requotes and offers forex, metals, cryptocurrencies, energy, stocks, and indexes.
Colombian traders looking for the best trading conditions and benefits should consider the Exness Pro Account.
Exness Social Standard Account
Colombian traders are introduced to social trading via the Exness Social Standard Account. This type of account allows traders to interact with the market and mimic the transactions of more experienced players, with a minimum deposit of 1.93 million COP ($500).
It has no commission fees and spreads as low as 1.0 pip, making it a tempting option for those who want to profit from the knowledge and abilities of others.
Exness Social Pro Account
The Exness Social Pro Account is available to Colombian traders passionate about social trading and want advanced features. Despite the higher minimum deposit of 7.7 million COP ($2,000), traders are rewarded with lower spreads starting at 0.6 pips.
This account is ideal for professional traders looking to earn higher investment returns.
Exness Islamic Account
Colombian traders can open Standard and Extended Swap-free accounts, which follow Sharia law’s prohibition on interest by not charging swaps on overnight holdings. The Exness Islamic account adheres to all Islamic banking guidelines.
With this, we believe that Colombian traders can participate in global financial markets while honoring their religious beliefs.
Without sacrificing features or performance, it provides the same wide range of trading platforms and options as regular accounts, including forex, indices, cryptocurrencies, and stocks.
Does Exness provide accounts for both novice and experienced Colombian traders?
Yes, Exness caters to both categories. For example, novices can use the Standard or Standard Cent accounts, while experienced Colombian traders can enjoy Exness’s Pro accounts’ cheap spreads, fee rates, and superior trading tools.
Does Exness provide an account for traders who want to gain from the knowledge and expertise of other, more experienced traders?
Yes, with Exness’ Social Standard Account, they can profit from the knowledge and abilities of others.
Exness Account Registration
We were pleased to find that Exness’ account registration is streamlined. This meant we could open an account, complete the KYC process, and start trading in no time.
To get started with Exness, Colombians can follow these easy steps:
Step 1 – Visit the official website of Exness
To start the account registration process, Colombians can visit Exness’s official website and click the “Register” option from the top toolbar.
Step 2 – How to create an account.
You will be asked to provide an email address and create a password. This step is essential for ensuring a secure login to the Exness Personal Area, a dashboard where you can efficiently manage their accounts and trading activities. After submitting your email and password, you will receive an email from Exness with a verification link. This link will verify your email address, and you will be redirected back to the Exness site to proceed with the registration process.
Step 3 – Fill in all your details.
Once back on Exness, you must provide personal information (your full name, date of birth, and contact details). This information should align with official documents for verification purposes. You’ll need to enter their details and select Colombia as your country of residence. You can then go ahead and provide additional information needed for your location to comply with local regulations.
Step 4 – Select Account.
Select an account according to your trading strategy, experience level, and risk tolerance. To finalize the account setup, you must respond to questions about your trading experience and financial knowledge. Exness customizes its services to match your expertise level, which benefits both parties involved. You will then be asked to upload documents for identity and residence verification. After submitting the documents, Exness carefully reviews them to ensure their authenticity. After a few days, you will receive an email notification once the account is verified and ready for trading.
Where do I start to open an account with Exness?
Visit the Exness homepage and navigate to “Trading” on the main toolbar. Select “Standard Accounts,” “Professional Accounts,” or “Social Trading Accounts.” Select the account with the best features for your trading objectives and click “Register.”
What kind of information will Exness require when I register an account with them?
Exness will provide a registration form online where you need to provide your full name, email address, and phone number.
Exness Broker Comparison
| 🥇 Exness | 🥇 BDSwiss | 🥇 AvaTrade | |
| 🗺️ Regulatation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA | CySEC, FSC, BaFIN, FSA | CySEC, FCA, South Africa FSCA, the Seychelles FSA, the BVI Financial Services Commission and the Central Bank of Curaçao |
| 💻 Trading Platform | MetaTrader 4 MetaTrader 5 Exness App Exness Terminal | MetaTrader 4 MetaTrader 5 BDSwiss Mobile BDSwiss Web | AvaTrade WebTrader AvaTradeGO AvaOptions AvaSocial MetaTrader 4 MetaTrader 5 DupliTrade ZuluTrade |
| 💰 Withdrawal fee | No | No | No |
| 💳 Demo Trading Account | Yes | Yes | Yes |
| 💰 Minimum Deposit | 39,000 COP ($10) | 39,000 COP ($10) | 390,000 COP ($100) |
| 📊 Leverage | Unlimited | Up to 1:1000 | 1:30 (Retail) 1:400 (Pro) |
| 💰 Spreads | Variable, from 0.0 pips | From 0.0 pips | Fixed, from 0.9 pips |
| 🚀 Commissions | From $0.1 per side, per lot | From $2 | None; only the spread is charged |
| 📊 Margin Call/Stop out | 60%/0% | 50%/20% | 25% – 50% (M) 10% (S/O) |
| 📊Order Execution | Market | Instant/Market | Instant |
| ❌No-Deposit Bonus | No | No | No |
| 🪙Cent Accounts | Yes | Yes | No |
| 📒 Account Types | Standard Account Standard Cent Account Raw Spread Account Zero Account Pro Account Social Standard Account Social Pro Account | Cent Account Classic Account VIP Account Zero Spread Account | Standard Live Account Professional Account Option |
| 🏛️SFC Regulation | No | No | No |
| 💰COP Deposits | No | Yes | No |
| 💻COP Account | No | No | No |
| 📞Customer Service Hours | 24/7 | 24/5 | 24/5 |
| 💳Retail Investor Accounts | 7 | 4 | 1 |
| ☪️Islamic Account | Yes | Yes | Yes |
| 💰Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 pips |
| 💸Maximum Trade Size | Unlimited | 50 lots | Unlimited |
| ⏰Minimum Withdrawal Time | 24 hours | Instant | 24 to 48 Hours |
| ⏲️Maximum Estimated Withdrawal Time | 3 days | Within 24 hours | Up to 10 days |
| 💳Instant Deposits and Instant Withdrawals? | No | Yes | No |
| 👉Open Account | Open Account | Open Account | Open Account |
Exness Trading Platforms
Exness provides MetaTrader 4 and 5, the world’s most popular trading platforms, and a unique platform. Read on for the advantages and features of these platforms.
MetaTrader 4
We evaluated the Exness’ MetaTrader 4 (MT4) platform and found it reliable and simple for Colombian traders. The Exness MT4 platform has faster trade execution times and is more stable, which is useful in areas where internet connections are spotty.
Exness’s platform interface offers access to various financial products, such as currencies, commodities, indices, and cryptocurrencies.
Exness MT4 provides unlimited adjustable leverage, giving traders a significant competitive advantage if they manage the risks that come with high leverage.
One feature distinguishing MT4 at Exness is the availability of market depth, a very useful but often overlooked tool. This feature allows us to view trading instrument prices in real time, allowing us to make more informed decisions in fast-paced markets.
MetaTrader 5
If traders require additional features, Exness provides MetaTrader 5 (MT5) as an advanced option.
Exness has improved MT5 with features allowing in-depth price analysis and trading across multiple asset classes.
We appreciated the additional timeframes and technical indicators on MT5 during our examination because they enabled a more thorough analysis. As a result, Colombian traders can accurately modify their trading strategies and effectively adapt to changing market conditions.
Advanced order types are another distinguishing feature of Exness MT5, allowing traders to execute complex plans with multiple entry and exit points.
Its ability to trade stocks, futures, and forex from a single interface makes trading easier and allows you to hedge your positions—an important strategy in volatile markets.
Overall, Exness’ competitive spreads and capacity make it an attractive option for serious traders in Colombia.
Exness Web Terminal
Colombian traders who do not want to download additional software can use the Exness Web Terminal instead. Colombian traders will benefit from the Web Terminal’s accessibility from any internet-connected device, particularly those who travel frequently or switch between devices.
The Web Terminal is fully integrated with both MT4 and MT5 accounts, so you do not have to manage multiple interfaces. Trades made on the Web Terminal are immediately reflected across all platforms thanks to real-time synchronization.
Exness Trader App
The Exness Trader App includes the features required to manage trades from a mobile device effectively and respond quickly to market fluctuations.
The Exness Trader App ensures that users never miss a trading opportunity. It notifies traders of significant price movements, news, and events.
Furthermore, the software supports a wide range of popular payment methods in Colombia, ensuring easy and convenient deposits and withdrawals.
I am familiar with MetaTrader4. Will I be able to use that for trading with Exness, too?
Yes, Exness also offers MetaTrader 4 as a trading platform.
What is the best Exness platform for a Colombian trader with no experience?
Colombian traders with no previous experience should try out the Exness demo account with which they can practice. When they are confident enough, they can open a Standard Cent account.
Exness Range of Markets
Exness offers more than 200 instruments to be traded in some of the most popular financial markets globally. Keep reading to discover how Colombian traders can diversify their trading profiles and gain exposure to global markets.
Energies
With leverage of up to 1:200, Colombian traders have access to the energy market, where they can trade natural gas and crude oil. Because of this, they can broaden their exposure to the market and benefit from fluctuations in energy prices worldwide.
They can use this trading to hedge against the risks linked to changes in the value of the Colombian real or profit from geopolitical developments that affect the cost of energy.
Additionally, Exness guarantees cost efficiency by maintaining low and steady spreads, especially during moments of volatility.
Stocks
Traders in Colombia can use Exness to buy and sell stocks in a wide variety of foreign companies, including industry heavyweights Amazon and Tesla.
Trading positions can be leveraged up to 1:20, allowing traders to take advantage of stock market moves to their full potential.
We believe trading has become more affordable and easy for Colombian traders with the rapid withdrawal option and the lack of commissions on specific accounts. New chances arise outside regular trading hours when you can trade certain equities pre-market.
Forex
Exness provides Colombian traders access to a huge forex market, offering more than 100 currency pairs. Traders can greatly leverage their trades with leverage reaching up to 1:unlimited (depending on their account equity).
Colombians find forex trading quite attractive due to the ability for rapid withdrawals and low spreads starting from 0.1 pips. In addition, traders can hone their methods using a demo account, letting them experiment without jeopardizing their money.
Precious Metals
Colombian traders can use Exness’s leverage of up to 1:Unlimited to trade gold and silver, among other precious metals. Precious metal trading becomes more affordable by eliminating commissions on specific accounts and competitive spreads beginning at 0.1 pips.
Traders in Colombia typically find that these metals are an essential hedge against economic uncertainty, such as inflation and currency devaluation. Another perk for those who are in it for the long haul is that there are no fees associated with holding precious metals overnight.
Cryptocurrencies
Bitcoin and other prominent cryptocurrencies are available to Colombian traders through Exness, with leverage up to 1:25.
Furthermore, we found that the Exness Trader app makes trading cryptocurrencies easy, and certain accounts don’t even charge commissions. Thanks to extended trading hours for cryptocurrency, Colombian traders can easily take advantage of market volatility whenever it suits them.
Indices
With leverage of up to 1:400, Colombian traders can use Exness to access a range of worldwide indices. You can trade the index quickly and cheaply with spreads as low as 0.1 pips and the ability to withdraw your money instantly.
This opens the door for Colombian traders to benefit from the performance of global stock markets and to utilize indexes to protect themselves against market volatility. Trading global indices are made much easier with the platform’s analytical tools and resources.
Exness Leverage and Margin
During our comprehensive analysis of Exness’s leverage and margin policies for Colombian traders, we found a well-designed system that caters to different trading styles and risk preferences.
Exness offers dynamic leverage, which adjusts automatically based on the number of open positions. This ground-breaking feature can potentially impact how traders handle their risks greatly.
For example, while Exness advertises high leverage of up to 1:Unlimited for certain account types, it’s important to understand that this is not a permanent feature.
After carefully reviewing the client agreement and the broker’s website, it was discovered that the maximum leverage decreases as the account equity increases (often also when trading volume increases drastically).
This approach to leverage is designed to protect both traders and brokers from the increased risks that come with large-volume positions.
In addition, Exness provides flexible margin requirements. The margin is calculated using the current market quote of the trader’s account’s base currency, the volume of the position, and the leverage applied.
In our opinion, it is crucial for Colombian traders to consistently monitor their positions and maintain the necessary margin, particularly during times of market volatility. This calculation is constantly updated in real-time, highlighting the importance of active monitoring.
Our analysis revealed that Exness offers a margin calculator, which is a valuable tool for Colombian traders.
In our experience, this calculator is designed to assist traders in determining the required margin for their desired trade size, considering the current leverage settings. It empowers traders to make well-informed decisions about trade entries and risk levels.
Exness’s approach to leverage and margin is designed to be dynamic and adaptable, providing Colombian traders with a flexible trading environment.
We believe that this system requires traders to manage risks actively, but it also provides them with the necessary tools to navigate the markets successfully.
Overall, Exness’ policies are designed to keep traders well-informed about changing leverage ratios and margin requirements, which was highly commendable and highlighted in our review.
What determines the highest leverage Exness allows Colombian traders to trade with?
The leverage Colombian traders can use depends on the trader’s account equity.
What happens to margin requirements if a trader’s equity declines?
As equity declines, margin requirements increase because larger investments require a more cautious trading strategy.
Min Deposit
USD 10
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MT4, MT5, WebTerminal, Exness Terminal
Crypto
Yes
Total Pairs
97
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Exness Fees
Exness is known for its competitive commission fees and zero-pip spreads, which differ depending on the type of trading account. In the sections below, we have outlined the types of trading and non-trading fees Colombians can expect.
Exness Spreads
Exness provides different spreads for various account types. For example, the Standard Account typically charges a very competitive spread of one pip on EUR/USD.
The spread of 3.8 pips for precious metals like silver is reasonable for commodity trading, whereas the spread for Bitcoin (BTC/USD) is extremely wide, demonstrating the asset class’s high volatility.
The Pro Account provides even tighter spreads for traders who trade more frequently or in larger volumes, such as 0.6 pips on EUR/USD and 0.0 pips on the Zero.
Exness Commissions
Exness determines commissions based on the services provided. For example, the Raw Spread Account’s nearly zero spreads render the maximum $3.50 commission per side, per lot, reasonable.
The Zero Account is an excellent option for professional traders who want to reduce costs on high-volume trades. It further lowers the charge to as little as $0.1 per side per lot.
Exness Overnight Fees
Exness charges varying overnight costs, also known as swap fees, depending on the financial instrument and market conditions. For example, long positions in EUR/USD have swap costs of -0.62 pips, while short positions are free.
Exness Deposit and Withdrawal Fees
Exness’s trader-friendly features include the absence of fees for deposits and withdrawals, which allows Colombian traders to move money into and out of their trading accounts without incurring additional costs.
Exness Inactivity Fees
Exness benefits traders who do not trade frequently by not imposing inactivity fees, which protects trading capital from charges during inactive periods.
Exness Currency Conversion Fees
Exness offers accounts denominated in multiple currencies, so traders can avoid these fees by selecting an account in their preferred currency.
What is the most significant cost factor I must consider when trading on my Exness account?
First, you must be aware of the spread applicable to your account type and the instruments you want to trade, and next, you must be aware of any commission charged on trades.
As a Colombian trader, what can I expect from Exness because my personal accounts are held in the local COP?
You can expect to be charged conversion fees as Exness does not offer COP as account currency.
Exness Deposits and Withdrawals
The ability to accept deposits and withdrawals in multiple currencies is another way that Exness sets itself apart from its competitors. Exness provides payment options and supported currencies based on region, so it’s possible that Colombians can make deposits and withdrawals through COP.
Here is a summary and step-by-step guide on each method to deposit and withdraw money.
| 💳Payment Method | 🌎Country | 🪙Currencies Accepted | ⏰Processing Time |
| Bank Cards | All | Various | Instant – 24 hours |
| Skrill | All | Various | Instant – 24 hours |
| Neteller | All | Various | Instant – 24 hours |
| Perfect Money | All | Various | 30 minutes – 24 hours |
| SticPay | All | Multi-currency | Instant – 30 minutes |
| Cryptocurrency | All | USDT TRC20, USDC ERC20, USDT ERC20 | Instant – 1 day |
| BinancePay | All | Multi-currency | Instant – 30 minutes |
Exness Deposits
How to Deposit using Bank Wire Step by Step
- Visit your Exness account.
- Select ‘Deposit’ and ‘Bank Wire’ as payment options.
- Enter the deposit amount and currency.
- Exness will send bank wire instructions for transferring funds from your account.
- Transaction confirmation via the Exness personal area. Remember that bank wire transfers can take days.
How to Deposit using Credit or Debit Card Step by Step
- Go to your Exness Personal account and select ‘Deposit.’
- To make a deposit, select ‘Credit/Debit Card.
- Please enter the deposit amount, card number, expiration date, and CVV code.
- Confirm the payment. Credit and debit card deposits are usually processed immediately, which may take 24 hours.
How to Deposit using Cryptocurrency Step by Step
- Go to ‘Deposit’ in your Exness account.
- Select ‘Cryptocurrency,’ and your cryptocurrency
- Enter and confirm the deposit amount.
- A wallet address will be provided to facilitate cryptocurrency transfers. Transfer from your cryptocurrency wallet.
- Your account should receive the deposit within one day, depending on the blockchain network speed.
How to Deposit using e-Wallets or Payment Gateways Step by Step
- Log into your Exness account and select ‘Deposit.’
- Select your e-wallet (Skrill, Neteller, Perfect Money, SticPay, BinancePay).
- Enter your deposit amount and log in to your e-wallet when prompted.
- Authorize the transaction using your e-wallet.
- Funds typically appear in your Exness account within 30 minutes.
Exness Withdrawals
How to Withdraw using Bank Wire Step by Step
- Enter your Exness account and choose ‘Withdrawal.’
- Select ‘Bank Wire’.
- Please provide your bank account and withdrawal amount.
- Confirm withdrawal. Bank wire withdrawals can take days.
How to Withdraw using Credit or Debit Cards Step by Step
- Go to your Exness account and select ‘Withdrawal.’
- Select ‘Credit / Debit Card’.
- Enter the withdrawal amount and then confirm the deposit card.
- Request a withdrawal. Processing can take anywhere from an instant to 24 hours.
How to Withdraw using Cryptocurrency Step by Step
- In your Exness profile, select ‘Withdrawal’ and ‘Cryptocurrency.’
- Select your cryptocurrency.
- Enter the desired amount and wallet address to receive the funds.
- Confirm withdrawal. Daily cryptocurrency withdrawals are typical.
How to Withdraw using e-Wallets or Payment Gateways Step by Step
- Log into Exness and choose ‘Withdrawal.’
- Select your deposit e-wallet (e.g., Skrill, Neteller, Perfect Money, SticPay, BinancePay).
- Enter the withdrawal amount and confirm. E-wallet withdrawals are usually instant but can take up to 24 hours.
How does Exness ensure safe financial transactions with clients?
Exness ensures secure financial transactions using modern encryption technologies and severe adherence to financial regulations.
As a Colombian trader, how must I deposit money if Exness does not accept COP?
You can initiate deposits and withdrawals at Exness with your credit card, and the amount will be converted to the accepted currency. You will be charged conversion fees, though.
Min Deposit
USD 10
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MT4, MT5, WebTerminal, Exness Terminal
Crypto
Yes
Total Pairs
97
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Exness Education and Research
Exness’ range of education and research can help all types of traders, from novices to professionals, learn about the markets, refine their strategies, and make more informed trading decisions. Join us as we explore each of these options in the sections below.
Educational Videos
Exness has curated a selection of educational videos specifically tailored for Colombian traders seeking to enhance their market knowledge.
These videos provide comprehensive coverage of various subjects, beginning with the fundamentals of Forex trading and progressing to more advanced technical analysis methods.
We found that they are designed to be user-friendly, allowing even trading beginners to understand intricate concepts. The videos also consider the specific aspects of trading in Colombia, including local market hours and currency fluctuations, which are crucial for traders in this region.
Trading Central WebTV
The Trading Central WebTV is a valuable resource for Colombian traders. It provides real-time analysis and market updates, delivered straight from the NYSE. This offers valuable insights into global markets that Colombian traders can leverage to shape their trading strategies.
Experienced analysts provide the content and cover discussions on market trends and potential trade opportunities. This service is essential for Colombian traders to stay informed about global financial markets, enabling them to make well-timed and informed decisions.
Exness Education YouTube Channel
Exness’ YouTube channel offers a wealth of educational content specifically designed for traders of all levels, including those in Colombia.
We explored this resource and found that users can learn at their own pace through various videos that cover a wide range of topics, from the fundamentals of Forex trading to more advanced strategies.
In addition, it provides market news and analysis to assist Colombian traders in comprehending the potential impact of global events on their trading activities.
Exness Academy
The Exness Academy provides a structured platform to assist Colombian traders in their learning journey. It provides a range of lessons and quizzes tailored to various levels of trading knowledge.
The curriculum includes a comprehensive range of topics, from the basics of trading to the intricacies of risk management. This is especially crucial considering the unpredictable nature of the Colombian market.
Blog and Articles
Exness offers a blog and a collection of articles that are a valuable resource for Colombian traders. These written materials encompass a wide range of topics, such as market analysis, trading psychology, and strategy development.
The content is consistently updated to stay current with the latest market conditions and trends, ensuring that Colombian traders are well-informed about both global and local economic landscapes.
VPS Hosting
Exness provides Virtual Private Server (VPS) hosting for Colombian traders who depend on automated trading strategies. This service guarantees seamless operation for trading robots and Expert Advisors (EAs), allowing them to function without any interruptions or delays.
This is particularly important for high-frequency trading strategies. The VPS service is highly dependable and strong, which is crucial for the ever-changing trading landscape in Colombia.
Webinars
Exness offers webinars designed to provide Colombian traders with interactive learning experiences. These webinars, led by industry experts, cover a variety of subjects such as market analysis, trading techniques, and the utilization of Exness’ trading platforms.
With the live format, Colombian traders can ask questions and receive instant feedback, which enhances their understanding of the subject matter.
Analytical Tools
Exness offers Colombian traders a comprehensive set of analytical tools that are crucial for making well-informed decisions.
These tools include various technical analysis indicators, charting software, and up-to-date market data. These tools are designed to be user-friendly and customizable, allowing Colombian traders to adapt to the ever-changing market conditions easily.
“Meet Exness Team Pro”
The “Meet Exness Team Pro” initiative allows Colombian traders to gain insights from experienced traders.
Through this program, experienced traders generously share their strategies and insights, providing valuable guidance for Colombians seeking to improve their own trading approaches.
In our opinion, Colombian traders can gain valuable insights into navigating the intricate world of the Forex market by learning from experienced individuals.
Currency Converter
Exness’ currency converter is a practical tool for Colombian traders who deal with multiple currencies. It offers up-to-date exchange rates, crucial for precise calculations of trade values in any other currency.
This tool is designed to assist Colombian traders in effectively managing their currency exposure and enhancing their trading decisions.
Tick History
Exness provides Colombian traders access to tick history, an essential resource for conducting in-depth market analysis. Traders can utilize this historical data to test trading strategies and examine previous market trends.
Colombian traders can use this knowledge to inform their future trades by analyzing the historical relationship between local events and currency values.
Exness Help Center
The Exness Help Center is a one-stop support resource for Colombian traders, answering various questions, from setting up your account to resolving platform issues.
We found this resource especially beneficial for traders in Colombia who encounter unique challenges because it provides customized support whenever necessary.
Economic Calendar
We found that the economic calendar is an essential tool for Colombian traders to stay informed about economic events that have the potential to impact the markets.
This calendar provides a comprehensive list of events from around the world and can be tailored to display the ones that are most pertinent to Colombia. Staying informed about upcoming economic releases can help Colombian traders better prepare for potential market movements.
Does Exness provide a currency converter for Colombian traders?
Yes, Exness provides a currency converter for Colombian traders.
How can beginner Colombian traders learn the tricks of the trade with Exness?
Beginner traders in Colombia can learn trading tricks using several educational resources accessible on Exness’ website, like reading the frequently asked questions, platform tutorials, or watching videos.
Exness Bonuses and Promotions
Exness does not offer Colombian clients welcome, no-deposit, or deposit bonuses, but they have a lucrative affiliate program that provides affiliates with additional ways to earn money.
The platform can rebate up to 100% of the trading activity of the clients they refer, 40% of their revenue, or $1,850 for each new active client they refer.
Exness Affiliate Programs
Thus far, Exness has proven to be an ideal broker and (therefore) a compelling partner in online trading. Furthermore, Exness offers Colombians a lucrative affiliate program, allowing partners to benefit when they bring new traders to the platform.
Features
Our detailed review of the Exness affiliate program reveals a fantastic possibility for Colombian traders looking to work with a top forex broker.
This program is designed to accommodate a wide range of partners and includes two structures: the Introducing Broker and the Affiliate Program.
We found that Colombian partners can receive up to 40% of the company’s income, or $1,850, for each recommended client, allowing them to select the option that best fits their business model.
Exness distinguishes itself as a respected broker with a global presence in over 150 countries, boosting the credibility of partners who promote the brand.
The company’s commitment to support is demonstrated by its 24-hour customer assistance, available in 15 languages, ensuring that partners and their clients receive timely assistance when needed.
Exness provides partners with promotional tools and content to help them effectively promote their products.
We also found that the program pays out profits regularly and daily, and instant withdrawal choices are accessible, demonstrating its convenience. Partners can conveniently access their revenue through a variety of payment methods.
Real-time analytics enable partners to gain insights into client transactions and performance, supporting strategic planning and growth assessments.
In addition, partners may manage their business on the road using a mobile-accessible Partner Personal Area, which allows for greater flexibility and response.
Exness’ regulatory compliance and numerous financial licenses instill confidence and security in the collaboration. Exness is a competitive choice for traders, as it provides the largest forex leverage in the market, quick deposits and withdrawals, and a selection of zero-commission payment systems.
Furthermore, Exness’ Help Center assists partners in supporting their clients, catering to both new and seasoned traders. This resource, when combined with mobile applications and a sophisticated web terminal, improves the trading experience for clients.
How to Register an Affiliate Account with Exness Step-by-Step
Colombians who want to partner with this broker can follow these easy steps to register and start reaping the rewards:
👉Step 1 – Select Partners
Access Exness’s official website and navigate to the “Partners” or “Affiliate” section on the homepage.
👉Step 2 – Select Start Now
Click the “Start Now” button on the partnership page to start the registration process. Fill out the registration form with accurate and updated personal, contact, and payment information.
👉Step 3 – Complete Registration
Fill out the registration form with accurate and updated personal, contact, and payment information. To authenticate your identity and residential address, follow the registration instructions and provide any needed verification documents.
After successful registration and verification, you can access the affiliate dashboard by signing in using the credentials you created at registration. Familiarize yourself with the dashboard interface, which offers marketing materials, monitoring tools, and reporting options to assist affiliate activity. Customize your affiliate account options based on your business plan, including language settings, marketing tools, and payment options to receive commissions.
Can I earn extra money as an Exness affiliate partner?
Yes, you can earn extra money as an affiliate partner by introducing new clients to the broker.
How can I introduce new clients to Exness?
Exness provides marketing material that you can use on your own website, in email campaigns, or on your social media platforms.
Exness Customer Support
Customer Support
| 📞Customer Support | 🗣️Customer Support |
| ⏰Operating Hours | 24/7 |
| 🗣️Support Languages | Multilingual |
| 🗨️Live Chat | Yes |
| 📧Email Address | [email protected] |
| 📞Telephonic Support | Yes |
| 🌟The overall quality of their Support | 5/5 |
Response Time
| Support Channel | Average Response Time | User-based Response Time |
| 📞Phone | 5 – 6 minutes | 4 minutes |
| 1 working day | 24 – 48 hours | |
| 🗨️Live Chat | 4 – 7 minutes | 4 minutes |
| #️⃣Social Media | 3 – 6 minutes | 5 minutes |
| 🗣️Affiliate | 24 – 48 hours | 24 – 48 hours |
Who can I contact when I am unhappy with the service from Exness?
You should contact the customer support team at Exness as they are equipped to help you with any difficulties. You can phone, send an email, or use the live chat option on the website to reach the team.
Does Exness have social media pages where Colombian traders can find support?
Yes, Exness has social media pages on top of other means of contacting customer support, ensuring Colombian traders can get help whenever needed.
Exness Social Responsibility
Our extensive research on Exness’s CSR initiatives demonstrates the company’s desire to make a positive change outside the financial sector.
If Colombian traders are interested in learning more about Exness’s corporate social responsibility initiatives, they can visit the website, click “Company” in the main menu, and then choose “Exness in The Community” from the dropdown menu.
Education, environmental protection, and social welfare are some of the primary focus of Exness’s corporate social responsibility (CSR) programs. Exness believes in the power of learning to change lives, and one way it demonstrates this is through its involvement in educational initiatives.
Our findings show that Exness has supported educational initiatives that help underprivileged communities by giving them access to resources and opportunities, creating a setting where people can learn, grow, and ultimately succeed.
It is evident that Exness is dedicated to sustainability regarding their environmental duty. Reforestation and carbon footprint reduction are just two examples of the environmental projects they have participated in.
Exness’ actions demonstrate that they understand the significance of protecting our planet’s natural resources and working toward a greener future for future generations.
We also found several philanthropic groups and disaster relief initiatives have received funding from Exness, demonstrating the company’s dedication to social welfare.
Furthermore, Exness has offered vital support during times of crisis by delivering aid to areas hit by natural catastrophes. As a responsible corporate citizen, Exness has responded compassionately to global concerns, and this part of its CSR program shows that.
Corporate social responsibility (CSR) efforts at Exness aren’t extracurricular; they’re integral to the company’s business model. Thanks to this integration, CSR initiatives are long-lasting and consistent with the company’s core principles.
Overall, we have found that Exness establishes a standard for corporate social responsibility in the financial sector by investing in these areas, which also helps make the world a better and more sustainable place.
Conclusion
After careful consideration, we can conclude that Exness is a good forex and CFD broker for Colombian traders, offering multiple account options for various investment and trading skill levels.
Colombian traders can use their accounts’ attractive spreads and leverage flexibility to expand their portfolios and manage risk.
Even though Exness is not regulated in Colombia, traders can be confident that it is transparent and compliant with international regulations.
Exness provides various trading tools and educational materials to assist traders at all stages. In contrast, webinars, instructional videos, and advanced analytical tools assist traders in honing their skills and developing effective trading strategies.
Another advantage is the Exness affiliate program, which allows traders to refer customers and earn more. We discovered some drawbacks, such as Exness’ focus on Forex and a limited selection of CFD instruments.
Despite these drawbacks, Exness’s offer may appeal to many Colombians regardless of trading experience, style, or goals.
Exness User Comments and Reviews
- “Exness is reliable, and their withdrawals are quicker than I thought it would be.”
- “I hope they will soon add more ECN accounts that align with real market liquidity.”
- “Exness is the best; I am quite happy with them.”
- “I am worried about closing single or multiple trades, and the internet is slow, as alerts appear. The same when the market is volatile.”
- “Ever since I was introduced to the broker, Exness has been reliable and effective for me.”
Our Recommendations on Exness
Even though we believe Exness’ offer is comprehensive and competitive, there are some areas where we believe they could improve, such as:
- Because so many people in Colombia use smartphones, making Exness’ mobile trading platforms faster and easier would be beneficial.
- Exness can eliminate the fees associated with currency exchange by offering accounts denominated in Colombian pesos (COP).
- Ensuring that any Colombia-specific rules are followed and clarifying this to Colombian traders would build trust and safety.
Our Insight
In our experience, Exness meets the various needs of traders. The variety of account categories, including Standard, Pro, and Islamic accounts, provides flexibility and caters to various trading styles and ethical concerns.
The availability of a demo account is very advantageous for both new and experienced traders, allowing them to test methods and become acquainted with the platform without risking their money.
Exness Pros & Cons
| ✅Pros | ❌Cons |
| Exness has comprehensive educational materials and trading tools for traders | Exness is not regulated in Colombia |
| Exness offers Portuguese customer support online for Colombians | Exness does not support COP as a deposit, withdrawal, or account base currency, leading to currency conversion fees |
| Traders can expect a lucrative and robust affiliate program | There are several reports from users about withdrawal delays |
| Exness’ customer support is available 24/7 across various channels | Exness does not offer any bonuses or promotions to new or existing clients |
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Frequently Asked Questions
How old and known is Exness broker?
Exness was founded in 2008 and is well-known as a global multi-asset broker aimed to reshape the online trading industry.
How long will I wait if I want to withdraw profits from Exness?
Withdrawals from Exness are not instant but will usually be processed within 24 hours. It may take longer to access your money due to the service from your bank or payment service.
In which country is Exness headquartered?
Exness was established in 2008 in Cyprus and is still headquartered there.
How does Exness make money from your trading?
Exness makes money from commissions on some of its accounts, such as its standard accounts. Commissions are charged on each trade that you place, usually as a percentage of the trade volume.
What is the minimum deposit you can make to trade with Exness?
Exness requires a minimum deposit of 39,000 COP ($10).
Must I withdraw profits from Exness to my bank account?
Your profits may only be withdrawn to your personal accounts to ensure financial security and prevent money laundering.
