Exness Review
Overall, Exness is considered low-risk, with an overall Trust Score of 97 out of 100. Exness is licensed by one Tier-1 Regulator (high trust), two Tier-2 Regulators (average trust), and four Tier-3 Regulators (low trust). Exness offers five different retail trading accounts namely a Standard Account, Standard Cent Account, Raw Spread Account, Zero Account, and Pro Account. Exness is currently not regulated by the CMA of Uganda
- Lesche Duvenage
Jump to:
Regulation and Safety of Funds
Account Types and Features
Account Registration
Trading Platforms
Range of Markets
Fees
Deposits and Withdrawals
Education and Research
Affiliate Program
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.9/5
Min Deposit
USD 10 / 35,800 UGX
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
107
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Exness Review – 25 key points quick overview:
Exness Overview- Exness At a Glance
- Exness Regulation and Safety of Funds
- Exness Awards and Recognition
- Exness Account Types and Features
- How to open an Account with Exness
- Exness Vs HotForex Vs XM – Broker Comparison
- Exness Trading Platforms
- Exness Range of Markets
- Broker Comparison for Range of Markets
- Exness Trading and Non-Trading Fees
- Exness Deposits and Withdrawals
- How to Deposit Funds with Exness
- Exness Fund Withdrawal Process
- Exness Education and Research
- Exness Bonuses and Promotions
- How to open an Affiliate Account with Exness
- Exness Affiliate Program Features
- Exness Customer Support
- Exness Corporate Social Responsibility
- Verdict on Exness
- Exness Current Popularity Trends
- Exness Pros and Cons
- Frequently Asked Questions
- Conclusion
Exness Overview
Exness accepts Ugandan clients and has an average spread from 0.0 pips with commissions from $0.1 per lot, per side. Exness has an unlimited maximum leverage ratio and there is a demo and Islamic account available. MT4, MT5, and Exness platforms are supported. Exness is headquartered in Cyprus and regulated by FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, and FCA.
Exness is a well-known international online forex brokerage firm that specializes in offering retail foreign exchange services, partnerships, and corporate solutions to clients all over the globe.
Exness provides a safe trading environment for individuals who cannot accept interruptions or downtime in their trading methods—a vital aspect in the success of algorithmic trading, as well as for other traders—and who need a secure trading environment for their trading techniques.
With Deloitte, a Big Four accounting firm, functioning as Exness’ independent external auditor, Exness ensures transparency and makes its financial results public on the official website.
This Exness review for Uganda will provide local retail traders with the details that they need to consider whether Exness is suited to their unique trading objectives and needs.
Exness Distribution of Traders
Exness currently has the largest market share in these countries:
Thailand – 42.9%
Vietnam – 24.7%
India – 11.7%
South Africa – 9.6%
Saudi Arabia – 0.96%
Popularity among traders who choose Exness
Exness is a popular broker in Africa overall but does not currently occupy a large market share in Uganda. However, despite this, Exness falls within the Top 20 brokers for Ugandan traders.
Exness At a Glance
| 🏛️ Headquartered | Cyprus, with offices in United Kingdom, Seychelles, South Africa, the British Virgin Islands, and Curaçao |
| 🏛️ Local office in Kampala? | No |
| 👍 Accepts Uganda traders? | Yes |
| 📅 Year Founded | 2008 |
| 📱 Uganda Office Contact Number | None |
| ⚖️ Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA |
| 🔎License Number | Seychelles – SD025 Curaçao – 0003LSI British Virgin Islands – SIBA/L/20/1133 Mauritius – GB20025294 South Africa – FSP 51024 Cyprus – 178/12 United Kingdom – 730729 |
| ⚖️ CMA Uganda Regulation | None |
| ✴️ Regional Restrictions | The United States |
| ☪️ Islamic Account | Yes |
| 📈 Demo Account | Yes |
| 📈 Retail Investor Accounts | 5 |
| 🚀 Offers a UGX Account? | No |
| 💻 Dedicated Uganda Account Manager? | No |
| 📈 Maximum Leverage | Unlimited |
| 📈 Leverage Restrictions for Uganda? | No |
| 💳 Minimum Deposit | 35,800 UGX or an equivalent to $10 |
| 💳 Uganda Shilling Deposits Allowed? | Yes |
| 💰 Active Uganda Trader Stats | 100,000+ |
| 👥 Active Uganda-based Exness customers | Unknown |
| 💰 Uganda Daily Forex Turnover | Unknown, overall Forex Daily Trading Volume is over $6.6 Trillion |
| 💳 Deposit and Withdrawal Options | Bitcoin Debit Card Credit Card Internet Banking Skrill Neteller Perfect Money Tether (USDT OMNI) WebMoney Mybux Ozow |
| 💰 Segregated Accounts with Uganda Banks? | No |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader app |
| 💰 Tradable Assets | Forex Metals Crypto Energies Indices Stocks |
| 🌐 Offers USD/UGX currency pair? | No |
| 🌐 USD/UGX Average Spread | N/A |
| 📈 Offers Uganda Stocks and CFDs | No |
| 👨💼 Languages supported on Website | English, French, Indonesian, Portuguese, Spanish, Vietnamese, Arabic, Thai, Chinese (Simplified), Japanese, Korean, Urdu, Bengali, Hindi |
| 👥 Customer Support Languages | Multilingual |
| 👥 Customer Service Hours | 24/7 |
| 👥 Uganda-based customer support? | No |
| 💰 Bonuses and Promotions for Uganda traders | None |
| ✴️ Education for Uganda beginner traders | No |
| 📊 Proprietary trading software | Yes |
| 💰 Most Successful Ugandan Trader | Unknown |
| ✔️ Is Exness a safe broker for Ugandan traders? | Yes |
| ✔️ Rating for Exness Uganda | 8/10 |
| ✔️ Trust score for Exness Uganda | 97% |
| 👉 Open an account | 👉 Open Account |
Exness Regulation and Safety of Funds
Exness Regulation in Uganda
While Exness is not regulated by the Capital Markets Authority (CMA) in Uganda yet, the broker has the following regulations and licenses around the globe.
Exness Global Regulations
As a multi-regulated broker and firm, Exness has offices across the world. The following agencies govern and manage Exness:
Exness is licensed by the Financial Services Authority (FSA) in Seychelles under license number SD025
The Central Bank of the Caribbean and Sint Maarten (CBCS) through Exness B.V, a reputable securities dealer. Services are provided to people and territories outside the European Economic Area by this organization, which has a license under the number 0003LSI.
British Virgin Islands Financial Services Commission (FSC) registration number 2032226 and license number SIBA/L/20/1133 govern the operations of Exness VG Limited.
The Financial Services Commission (FSC) of Mauritius has governed and overseen Tortelo Limited. Exness is registered as an Investment Dealer or Full-Service Dealer under the number 176967 and operates under the license number GB20025294, excluding underwriting.
As a Financial Services Provider in South Africa, Vlerizo (Pty) Limited is regulated by the Financial Sector Conduct Authority (FSCA) with license number 51024.
Cyprus Securities and Exchange Commission (CySEC) license number 178/12 is assigned to Exness (Cy) Ltd, a business registered in Cyprus.
In addition, Exness (UK) Limited has been authorized by the Financial Conduct Authority (FCA) as a regulated, registered, and authorised Investment Firm under license number 730729.
Exness Client Fund Security and Safety Features
Customer funds are maintained in segregated accounts at the most reputable banks in the areas where Exness operates. Exness is a member of the Financial Commission. The Financial Commission handles disputes in the financial services industry with a focus on currency trading.
The Financial Commission’s members, such as Exness, have a compensation fund, which may be seen as insurance for its customers. Customers of the Financial Commission may be insured for up to a maximum of €20,000.
Exness Awards and Recognition
Exness has accumulated several industry awards over the past few years, with the most recent awards including:
An award for the “Best Global Forex Customer Service” in 2019.
“Best Global Forex Trading Experience” in 2019.
Exness won the award as the “Most Trusted Global Forex Broker” in 2019 during the Global Forex Awards.
Exness Account Types and Features
Exness offers both Standard and Professional accounts. Various levels of trading experience and distinct trading styles will lead to a wide range of account options. Subsequently, Uganda traders have a choice between:
➡️ Standard Account
➡️ Standard Cent Account
➡️ Raw Spread Account
➡️ Zero Account
➡️ Pro Account
Exness Live Trading Accounts
Standard Account
A standard account is an account that is appropriate for any trader, regardless of their level of experience, ability, or trading style. They are the most prevalent kind of account provided by the vast majority of forex and CFD companies nowadays.
| Account Feature | Value |
| 💰 Minimum Deposit Requirement | 35,800 UGX or an equivalent to $10 |
| 📊 Spreads | Variable, from 0.3 pips |
| 💵 Account Base Currency | 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, KES, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR |
| 💸 Commission Charges | None |
| 📈 Maximum Leverage offered | Unlimited leverage |
| ✔️ Instruments Available | Forex major pairs, minor currency pairs, exotic pairs, energies, cryptocurrencies, stocks, indices |
| 📉 Minimum lot size | 0.01 lot |
| 📈 Maximum Lot Size | • 200 lots from 7 am to 8h59 pm (GMT +0) • 20 lots from 9 pm to 6h59 am (GMT +0) |
| 📊 Maximum positions | Unlimited |
| % Hedged Margin (%) | 0 |
| 📞 Margin Call (%) | 60 |
| 🛑 Stop-out Level (%) | 0 |
| 📱 Order Execution | Market Execution |
| ☪️ Islamic Account | Yes |
Standard Cent Account
Beginner traders who want to gain a feel for the market but are not ready to put their own money at risk will find this account to be the most suitable.
This account is also the ideal choice for experienced traders who want to put their trading strategies to the test in real-time market conditions without the risk of losing their money on the trades.
| Account Feature | Value |
| 💰 Minimum Deposit Requirement | 35,800 UGX or an equivalent to $10 |
| 📊 Spreads | Variable, from 0.3 pips |
| 💵 Account Base Currency | USC, EUC, GBC, CHC, AUC, CAC |
| 💸 Commission Charges | None |
| 📈 Maximum Leverage offered | Unlimited leverage |
| ✔️ Instruments Available | Forex, Metals |
| 📉 Minimum lot size | 0.01 lot |
| 📈 Maximum Lot Size | • 200 lots from 7 am to 8h59 pm (GMT +0) • 20 lots from 9 pm to 6h59 am (GMT +0) |
| 📊 Maximum positions | 1000 |
| % Hedged Margin (%) | 0 |
| 📞 Margin Call (%) | 60 |
| 🛑 Stop-out Level (%) | 0 |
| 📱 Order Execution | Market Execution |
| ☪️ Islamic Account | Yes |
Raw Spread Account
Account types such as this one, which provide competitive and low spreads, are ideal for scalpers, day traders, and algorithmic traders, among others.
| Account Feature | Value |
| 💰 Minimum Deposit Requirement | 1,700,000 UGX or an equivalent to $500 |
| 📊 Spreads | Variable, from 0.0 pips |
| 💵 Account Base Currency | 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 |
| 💸 Commission Charges | Up to $3.5 per side, per lot |
| 📈 Maximum Leverage offered | Unlimited leverage |
| ✔️ Instruments Available | Forex, metals, cryptocurrencies, energies, stocks, indices |
| 📉 Minimum lot size | 0.01 lot |
| 📈 Maximum Lot Size | • 200 lots from 7 am to 8h59 pm (GMT +0) • 20 lots from 9 pm to 6h59 am (GMT +0) |
| 📊 Maximum positions | Unlimited |
| % Hedged Margin (%) | 0 |
| 📞 Margin Call (%) | 30 |
| 🛑 Stop-out Level (%) | 0 |
| 📱 Order Execution | Market Execution |
| ☪️ Islamic Account | Yes |
Zero Account
The Zero Account guarantees market execution with no requotes and offers the tightest spreads and the lowest fees in the industry.
| Account Feature | Value |
| 💰 Minimum Deposit Requirement | 1,700,000 UGX or an equivalent to $500 |
| 📊 Spreads | Variable, from 0.0 pips |
| 💵 Account Base Currency | 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 |
| 💸 Commission Charges | From $0.1 per side, per lot |
| 📈 Maximum Leverage offered | Unlimited leverage |
| ✔️ Instruments Available | Forex, metals, cryptocurrencies, energies, stocks, indices |
| 📉 Minimum lot size | 0.01 lot |
| 📈 Maximum Lot Size | • 200 lots from 7 am to 8h59 pm (GMT +0) • 20 lots from 9 pm to 6h59 am (GMT +0) |
| 📊 Maximum positions | Unlimited |
| % Hedged Margin (%) | 0 |
| 📞 Margin Call (%) | 30 |
| 🛑 Stop-out Level (%) | 0 |
| 📱 Order Execution | Market Execution |
| ☪️ Islamic Account | Yes |
Pro Account
Professional Accounts are designed for Uganda traders with the most extensive financial market understanding.
| Account Feature | Value |
| 💰 Minimum Deposit Requirement | 1,700,000 UGX or an equivalent to $500 |
| 📊 Spreads | Variable, from 0.0 pips |
| 💵 Account Base Currency | 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 |
| 💸 Commission Charges | None |
| 📈 Maximum Leverage offered | Unlimited leverage |
| ✔️ Instruments Available | Forex, metals, cryptocurrencies, energies, stocks, indices |
| 📉 Minimum lot size | 0.01 lot |
| 📈 Maximum Lot Size | • 200 lots from 7 am to 8h59 pm (GMT +0) • 20 lots from 9 pm to 6h59 am (GMT +0) |
| 📊 Maximum positions | Unlimited |
| % Hedged Margin (%) | 0 |
| 📞 Margin Call (%) | 30 |
| 🛑 Stop-out Level (%) | 0 |
| 📱 Order Execution | Instant Execution on Forex currency pairs, metals, energies, stocks, and indices and market execution on cryptocurrencies |
| ☪️ Islamic Account | Yes |
Exness Base Account Currencies
When registering an account with Exness, traders can choose from the following comprehensive list of base account currencies: 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, and ZAR.
Exness Demo Account
A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital.
There is a certain degree of risk involved when trading financial markets and Exness offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.
You can anticipate a fully-regulated and secure trading environment at Exness, where you may establish a trial account to test trading methods or a genuine account to join the currency markets.
Exness offers a free Demo account in addition to current financial news from Dow Jones, rich instructional tools, and Web TV with the most recent changes.
Exness Islamic Account
Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.
This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.
Thanks to Exness’ Islamic Account option, traders of different skill levels and trading objectives may participate in several financial markets without incurring exposure to various types of interest.
During account registration, the Swap-Free account will be automatically assigned to Muslim traders residing in Islamic countries.
Overall Rating
- 4.9/5
Min Deposit
USD 10 / 35,800 UGX
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
107
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
How to open an Account with Exness
Traders can create an Exness account by registering and verifying their personal information online. To guarantee a safe trading environment for all traders, Exness has created a Know Your Client (KYC) protocol requiring traders to provide proof of identification and proof of residence.
After completing this step, traders can fill their trading accounts with the minimal amount required to begin trading.
Step 1 – Open the Exness Website and click on the “Open Account” tab.
Navigate to the official Exness website and at the top right of the screen click on the “open an account” tab.
Step 2 – Fill in your personal details.
On the online application form, the applicant enters their country of residence, email, and a password that they will use to log in on the website and the Exness Trader app.
Step 3 – Choose your account type.
After this information has been submitted, the applicant is taken to a screen where the applicant can choose between a demo account which is automatically created with a virtual deposit of $10,000 (140 397.00 ZAR) or a real account.
Exness Vs HotForex Vs XM – Broker Comparison
| Exness | HotForex | XM | |
| ⚖️ Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA, with registration in ACPR, BaFin, MNB, CONSOB, CNMV, FI, FMA, FSC, and other regions | FSCA, IFSC, ASIC/AFSL, CySEC, DFSA |
| 📱 Trading Platform | • MetaTrader 4 • MetaTrader 5 • Exness Terminal • Exness Trader app | • MetaTrader 4 • MetaTrader 5 | • MetaTrader 4 • MetaTrader 5 |
| 💰 Withdrawal Fee | No | No | None |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | 35,800 UGX | 16,097 UGX | 16,097 UGX |
| 📈 Leverage | Unlimited | 1:1000 | 1:888 |
| 📊 Spread | Variable, from 0.0 pips | 0.0 pips | 0.0 pips |
| 💰 Commissions | From $0.1 per side, per lot | $3 to $4 | $1 to $9 |
| ✴️ Margin Call/Stop-Out | 60%/0% | • 40%/10% • 50%/20% | • 50%/20% • 100%/50% (EU) |
| ✴️ Order Execution | Market | Market | Market, Instant |
| 💳 No-Deposit Bonus | No | No | No |
| 📊 Cent Accounts | Yes | No | No |
| 📈 Account Types | • Standard Account • Standard Cent Account • Raw Spread Account • Zero Account • Pro Account | • Micro Account • Premium Account • HFcopy Account • Zero Spread Account • Auto Account | • Micro Account • Standard Account • XM Ultra-Low Account • Shares Account |
| ⚖️ CMA Regulation | No | No | No |
| 💳 UGX Deposits | Yes | Yes | Yes |
| 📊 Uganda Shilling Account | No | No | No |
| 👥 Customer Service Hours | 24/7 | 24/5 | 24/5 |
| 📊 Retail Investor Accounts | 5 | 5 | 4 |
| ☪️ Islamic Account | Yes | Yes | Yes |
Exness Trading Platforms
👉 Exness offers Uganda traders a choice between these trading platforms:
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ Exness Terminal
➡️ Exness Trader app
Desktop Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
MetaTrader 4
👉 Exness enables Uganda traders to trade on MetaTrader 4 in a manner that is tailored to their own trading style. When trading CFDs, there are two different execution choices available: Instant Execution and Market Execution. Ugandans may trade their favourite financial products smoothly using the desktop interface of MetaTrader 4, regardless of how complicated the trading technique is.
MetaTrader 5
👉 To construct trading robots and technical indicators, MetaTrader 5 has a dedicated MetaEditor application. The tool’s interaction with the platform means that new applications will surface in MetaTrader 5 on their own and could be executed right away.
👉 The following are some of the features of the Exness MetaTrader 5 desktop trading platform:
➡️ Access to a range of tradable instruments
➡️ Spreads from as low as 0.0 pips
➡️ 21 timeframes along with 3 chart types
➡️ Different order types
➡️ A comprehensive hedging system
➡️ 38 built-in indicators, and more
WebTrader Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ Exness Terminal
MetaTrader 4
👉 Ugandan traders of various skill levels may now participate in the financial markets owing to the multiple instruments available on the terminal, which include flexible trading methods, algorithmic trading, and mobile trading, among others.
👉 These critical capabilities, which are included in Exness’ MetaTrader 4 WebTrader, aid Ugandans in identifying entry and exit points, as well as identifying market patterns.
MetaTrader 5
👉 MetaTrader 5 is a trading platform that allows you to trade stocks, options, and futures. Among the trading tools accessible on WebTrader are fundamental and technical research, trading signals, algorithmic trades, and other tools for technical and fundamental analysis.
👉 Ugandan investors can easily keep up with the latest financial news by tuning in to live broadcasts of financial news updates on the radio.
👉 To automate trading on the Exness MT5 platform, Expert Advisors analyse market quotes and trade on the financial markets, and then execute transactions on the financial markets.
Exness Terminal
👉 The Exness Terminal, which has an intuitive user interface and the most up-to-date charting tools, offers traders with a comprehensive trading experience. For aggressive traders, the terminal includes more than 50 sketching tools as well as more than 100 indication types.
👉 In addition, TradingView delivers charts on the company’s own unique Exness Terminal, which was created by the company’s ingenious programmers and designers. The Exness Terminal is also an HTML 5 online program that is trustworthy, fast, and easy to use.
Trading App
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ Exness Trader app
MetaTrader 4 and 5
👉 The Exness MetaTrader 4 and 5 trading terminals are not restricted to desktop computers running Windows, macOS, or Linux.
👉 They are also compatible with mobile devices. Users of iOS and Android smartphones and tablets who have busy schedules may trade while on the go owing to the mobile trading function available on these devices.
👉 Ugandan traders now have access to most of the critical components of MetaTrader 4 and MetaTrader 5, including trading orders, interactive charts, and popular analytical tools, and can monitor their trading accounts and perform mobile trading with a single click.
👉 Additionally, traders may get push notifications and engage with other traders using these iOS and Android mobile applications.
Exness Trader app
👉 Ugandans may trade with confidence from anywhere in the world thanks to Exness Trader. When picking from more than 200 instruments, traders may take advantage of speedy deposits and withdrawals, as well as on-demand customer care, to maximize their profits.
👉 For Ugandans, getting started with the Exness Trader platform is simple since it contains all the necessary tools, such as candlestick charts, indicators, and computing tools. The Exness trading app is the best location to discover CFDs on a wide range of markets, including forex, gold, oil, and indices.
👉 A further advantage is that traders may easily move between multiple charts while maintaining a constant watch on all trading activity.
Exness Range of Markets
👉 Ugandan traders can expect the following range of markets from Exness:
➡️ Forex
➡️ Metals
➡️ Crypto
➡️ Energies
➡️ Indices
➡️ Stocks
Broker Comparison for Range of Markets
| Exness | HotForex | XM | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | Yes | Yes | Yes |
| ➡️️ ETFs | No | No | No |
| ➡️️ CFDs | Yes | Yes | Yes |
| ➡️️ Indices | Yes | Yes | Yes |
| ➡️️ Stocks | Yes | Yes | Yes |
| ➡️️ Cryptocurrency | No | Yes | No |
| ➡️️ Options | No | No | No |
| ➡️️ Energies | Yes | Yes | Yes |
| ➡️️ Bonds | No | Yes | Yes |
Overall Rating
- 4.9/5
Min Deposit
USD 10 / 35,800 UGX
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
107
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Exness Trading and Non-Trading Fees
Spreads
👉 Since each account is designed to appeal to a certain kind of trader, the spreads charged will vary depending on the type of account chosen by traders. Ugandan traders should expect the following usual spreads to be applied:
➡️ Standard Account – from 0.3 pips EUR/USD
➡️ Standard Cent Account – from 0.3 pips EUR/USD
➡️ Raw Spread Account – from 0.0 pips EUR/USD
➡️ Zero Account – from 0.0 pips EUR/USD
➡️ Pro Account – 0.1 pips EUR/USD
Commissions
👉 The commissions charged on certain accounts are fixed at a predetermined level to ensure that the broker is reimbursed for facilitating the transaction. The following commissions are levied on Ugandan traders according to these trading accounts:
➡️ Raw Spread Account – Up to $3.50 per side, per lot
➡️ Zero Account – From $0.1 per side, per lot
Overnight Fees, Rollovers, or Swaps
👉 Trader costs that they may expect to pay when holding positions overnight will vary depending on a variety of variables, including the financial instrument that is being held, the duration of the position, the position size, and the interbank rates.
👉 Some typical overnight fees that Ugandan traders can expect include:
➡️ EUR/USD – a long swap of -0.63356 pips and a short swap of 0.14698 pips
➡️ XAG/USD – a log swap of -0.0857 pips and a short swap of -0.0597 pips
➡️ US OIL – a long swap of 0.65 pips and a short swap of -3.9 pips
Deposit and Withdrawal Fees
👉 Exness does not charge Ugandan traders any deposit or withdrawal fees.
Inactivity Fees
👉 Exness does not charge any fees when a live trading account becomes dormant.
Currency Conversion Fees
👉 If traders deposit or withdraw funds in any currencies other than the accepted base account currencies, they could face currency conversion fees.
Exness Deposits and Withdrawals
👉 Exness offers the following deposit and withdrawal methods:
➡️ Bitcoin
➡️ Debit Card
➡️ Credit Card
➡️ Internet Banking
➡️ Skrill
➡️ Neteller
➡️ Perfect Money
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How to Deposit Funds with Exness
👉 To deposit funds to an account with Exness, Namibian traders can follow these steps:
👉 Step 1 – Go To The Official Exness Website
➡️ Go to www.exness.com and log into your account by click on “Sign In”.
👉 Step 2 – Click on “Deposit”
➡️ Once logged in, click on “Deposit” in the left corner of your screen.
👉 Step 3 – Deposit Your Funds
➡️ You can now deposit funds into your account.
Exness Fund Withdrawal Process
👉 When Ugandan traders establish an Exness account, they are offered the opportunity to choose a regionally-specific payment method. When in the Personal Area, Ugandan traders will have access to a list of available payment methods, including local Ugandan choices.
👉 Regarding withdrawals of funds, traders must consider information like processing time and commission fees, which will be displayed by the PA.
👉 To make a withdrawal, traders with an Exness trading account may take the following steps:
👉 Step 1 – Go to the Exness Website
➡️ Go to the official Exness website at www.exness.com and click on “Sign In”.
👉 Step 2 – Click on “Withdrawal”
➡️ Once you are logged in, click on “Withdrawal” and withdraw your funds.
👉 Ugandan traders have access to their money at all hours of the day and night, allowing them to withdraw cash at any time. In addition, Ugandans must evaluate the following fundamentals before withdrawing cash from their Exness trading account:
➡️ The account’s free margin, which is shown in the trader’s Personal Area, dictates the amount of cash that may be withdrawn at any one time.
➡️ Ugandan traders may only withdraw their funds using the same payment method that they used to deposit cash.
➡️ If traders placed money into their Exness account using several payment methods, they must withdraw using those same payment methods in the same proportion.
➡️ Ugandans are encouraged to use bank cards first, then Bitcoin, and finally any other expedient method.
Exness Bonuses and Promotions
Exness does not currently offer any bonuses or promotions to Ugandan traders.
How to open an Affiliate Account with Exness
To register an Affiliate Account, Uganda traders can follow these steps:
Navigate to the Exness website and click “More” from the menu at the top of the homepage.
Ugandans may choose “Partnership Program” from the drop-down menu, then click “Start Now.”
If Ugandans already have an Exness account, they may simply log onto the website to submit their affiliate application.
If Ugandans have never registered with Exness before, they may do so by filling out and submitting the registration form.
Once registered/logged in, potential affiliates may choose whether they want to be an introducing broker or an affiliate, and then complete the application for the applicable choice.
Once accepted, new affiliates may access Exness’ entire package via their partner portal and begin earning commissions.
Exness Affiliate Program Features
Exness is the industry leader when it comes to frequent and attractive pay-outs. Each active client referred by an associate generates a commission of up to $1,770 for the affiliate.
Exness pays for initial deposits (CPA) and leads (CPL), with CPA as follows:
➡️ It pays up to $1,770 depending on the platform, the recommended customer’s nation of residency, and the size of their first deposit, which must be at least $10.
➡️ The CPA plan is selected by default when a trader registers. Exness is available in more than 40 countries worldwide. Additional incentives are given for the highest overall performance.
Exness Customer Support
Exness offers helpful support in 15 different languages 24 hours a day, 5 days a week with Chinese and English support available 24/7. Exness’ customer support is friendly and helpful, but not as comprehensive as that of other brokers.
Exness Corporate Social Responsibility
The major focus of Exness has been on the provision of investment services from the company’s foundation in 2008. When it comes to the company’s stance on Corporate Social Responsibility (CSR), CEO Petr Valov is especially enthusiastic about the opportunity it provides to give back.
People can count on Exness to be upfront and honest with them about their goals, while at the same time providing a steady support system to help them achieve their maximum potential in both their professional and personal lives.
Exness is always looking for ways to improve its CSR efforts, whether it is in education, the environment, or addressing any social or medical dangers in the community where people live and work.
Today’s youngsters need access to educational opportunities that are relevant to their future careers, and Exness is doing its part to help make that happen.
Verdict on Exness
Exness is distinguished from other brokers by its user-friendly website, which is accessible to all customers, regardless of their experience in the trading industry. It is committed to great service. In contrast, brokers’ client service is efficient, dependable, and secure.
Exness features enticing trading plans, such as simple registration, tick history, demo trading accounts, low trading costs, and several currency pairings. Exness Forex Broker is a good place for novice traders to start their careers.
Exness has an award-winning platform that is well-known around the globe even though it has not been pushed explicitly.
Exness Current Popularity Trends
👉 According to Google Trends, Exness has increased in Google searches in Uganda in the past month.
Overall Rating
- 4.9/5
Min Deposit
USD 10 / 35,800 UGX
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
107
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Exness Pros and Cons
| ✔️ Pros | ❌ Cons |
| Exness offers a range of markets to Ugandan traders | There is a very limited choice between markets |
| Exness has some of the lowest commission charges in the industry | There is no comprehensive education offered |
| Zero-spread accounts are provided | There is a limited range of research material and trading tools |
| There are several trading options available to Ugandan traders | There is an extremely high minimum deposit requirement on more premium accounts |
| There are fast deposit and withdrawal options offered and these are typically processed within 72 hours | |
| There is 24/7 customer support offered in several languages | |
| Well-regulated by well-known market regulators | |
| There is a choice between accounts and there are Islamic and demo accounts offered |
Frequently Asked Questions
Is Exness regulated?
Yes, Exness is well regulated in the UK by the FCA, Cyprus by CySEC, South Africa by the FSCA, Curaçao by CBCS, the British Virgin Islands by FSC BVI, Mauritius by the FSC, and Seychelles by the FSA.
What is the withdrawal time for Exness?
All withdrawals are processed within 72 hours, but funds can take up to 14 days to reflect in your bank account.
Does Exness have Nasdaq?
Yes, Exness offers Nasdaq as part of its range of indices that can be traded.
Does Exness have Volatility 75?
No, Exness does not currently offer Volatility 75 (VIX).
What is the average spread of Exness?
The average spread on the Raw Spread and Zero Accounts starts from 0.0 pips. On the Pro Account you can expect spreads from 0.1 pips on EUR/USD, and on the Standard and Standard Cent Accounts spreads start from 0.3 pips.
Conclusion
Now it is your turn to participate:
➡️ Do you have any prior experience with Exness?
➡️ What was the determining factor in your decision to engage with Exness?
➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?
➡️ Have you experienced any issues with Exness such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?
Regardless, please share your thoughts in the comments below.
Addendum/Disclosure:
No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.
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