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Exness review

Exness Review

Overall Exness is considered low risk with an overall Trust Score of 97 out of 100. They are licensed by one Tier-1 Regulator (high trust), three Tier-2 Regulators (average trust), and four Tier-3 Regulators (low trust). The broker offers Indonesian traders five retail trading accounts: Standard Account, Standard Cent Account, Raw Spread Account, Zero Account, and Pro Account. 

Updated : January 22, 2024

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

Overall Rating

Min Deposit

159 900 IDR or 10 USD

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

Trading Desk

MetaTrader mobile, Exness Trade App, Exness Terminal, MetaTrader 5, MetaTrader 4, MetaTrader WebTerminal

Crypto

Yes

Total Pairs

107

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Overview

Overview 

 

Exness is a well-known Forex and CFD broker providing trading services to traders worldwide.

 

The broker provides a customized trading experience with features such as accounts denominated in IDR, unlimited leverage, and local support.  

 

Furthermore, their dedication to meeting the specific requirements of their Indonesian clientele makes them a noteworthy option for those in the archipelago interested in online trading.

 

Best Countries by Traders

Best Countries by Traders

 

The broker currently has the largest market share in these countries:

➡️ India – 31.58%

➡️ Thailand – 26.51%

➡️ Japan – 6.06%

➡️ Bangladesh – 5.77%

➡️ South Africa – 5.32%

 

Popularity among Indonesian traders

They are one of the 10 Best Forex and CFD brokers in Indonesia. 

 

 

Is Exness suitable for beginners? 

Yes, they are suitable for beginners and offer a range of educational materials and a free demo account. 

 

Can I use a demo account? 

Yes, you can. Their demo is available for 21 days.

At a Glance

🏛 HeadquarteredCyprus
✅ Global OfficesSouth Africa, Cyprus, United Kingdom, Seychelles, Kenya
🗓 Year Founded2008
📞 Indonesia Office Contact NumberNone
🤳 Social Media Platforms• Facebook
• Twitter
• Instagram
• LinkedIn
• YouTube
⚖️ RegulationFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA
🪪 License NumberSeychelles – SD025
Curaçao – 0003LSI
British Virgin Islands – SIBA/L/20/1133
Mauritius – GB20025294
South Africa – FSP 51024
Cyprus – 178/12
United Kingdom – 730729
Kenya – 162 (Tadenex Limited)
⚖️ BAPPEBTI RegulationNo
🚫 Regional RestrictionsUSA, 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
☪️ Islamic AccountYes
💻 Demo AccountYes
🛍 Retail Investor Accounts5
📊 PAMM AccountsNone
🤝 Liquidity ProvidersADS Securities, FXCM PRO, and others
💸 Affiliate ProgramYes
📲 Order ExecutionMarket
📊 Average spread0.0 pips EUR/USD
📞 Margin Call60%
🛑 Stop-Out0%
✅ Crypto trading offered?Yes
💰 Offers a IDR Account?Yes
👨‍💻 Dedicated Indonesia Account Manager?No
📊 Maximum LeverageUnlimited
🚫 Leverage Restrictions for Indonesia?Yes, according to the account balance
💰 Minimum Deposit10 USD / 157,151 IDR
✅ IDR Deposits Allowed?Yes
📊 Active Indonesia Trader Stats200,000+
👥 Active Indonesia-based Exness customersUnknown
💳 Indonesia Daily Forex Turnover$5 trillion+ (Overall Forex Globally)
💰 BonusNone
💵 Deposit and Withdrawal Options• BinancePay
• Bitcoin
• Debit Card
• Credit Card
• Internet Banking
• Skrill
• Neteller
• Perfect Money
• SticPay
• USD Coin (ERC20)
• USD Coin (TRC20)
• Tether (USDT ERC20)
• Tether (USDT TRC20)
• WebMoney
• Mybux
• Ozow
• SnapScan
🏦 Segregated Accounts with Indonesian Banks?No
📊 Trading Platforms• MetaTrader 4
• MetaTrader 5
• Exness Terminal
• Exness Trader app
✔️ Tradable Assets• Forex
• Metals
• Crypto
• Energies
• Indices
• Stocks
💸 Offers USD/IDR currency pair?No
📈 USD/IDR Average SpreadNone
📉 Offers Indonesian Stocks and CFDsNo
🗣 Languages supported on WebsiteEnglish, French, Indonesian, Portuguese, Spanish, Vietnamese, Arabic, Thai, Chinese (Simplified), Japanese, Korean, Urdu, Bengali, Hindi
📞 Customer Support LanguagesMultilingual
⏰ Customer Service Hours24/7
👥 Indonesia-based customer support?No
✅ Bonuses and Promotions for Indonesia TradersNo
📚 Education for Indonesian beginnersYes
📱 Proprietary trading softwareYes
💰 Most Successful Trader in IndonesiaSeveral – Richest, Dadap Kuswoyo ($68,100 profit)
✅ Is Exness a safe broker for Indonesian traders?Yes
📊 Rating for Exness Indonesia8/10
🤝 Trust score for Exness Indonesia97%
🎉 Open an accountOpen Account

Regulation and Safety of Funds

Regulation and Safety of Funds

 

Regulation in Indonesia 

They are not currently regulated by the Commodity Futures Trading Regulatory Agency (BAPPEBTI/CoFTRA).

 

Security while Trading 

They are the gold standard for providing top-tier security and transparency to Indonesian traders. Exness, as a multi-regulated broker, sets a premium on protecting its client’s interests and fostering confidence worldwide through stringent oversight.

 

The broker’s commitment to security is bolstered by its relationship with the renowned ‘Big Four’ accounting company, Deloitte, which conducts regular financial audits.  

 

This extra degree of examination means that traders can confidently trade, knowing their funds are secure and the company’s financial activities are transparent. 

 

The broker employs cutting-edge security methods to protect sensitive data and the privacy of its traders. As a result, the platform protects traders’ personal and financial information from unwanted access. 

 

They offer quick withdrawals through various trustworthy payment processors for the convenience and security of transactional data. This method adds a degree of security to financial transactions, reducing any potential hazards involved with payment transfers. 

 

The broker proactively protects its traders in the volatile trading world by providing negative balance protection. This crucial feature is a safety net, ensuring traders do not lose more than their original deposits, even in high-risk trading circumstances. 

 

With them, Indonesian traders may confidently pursue their trading ambitions, knowing that they are supported by a broker dedicated to security, transparency, and the well-being of their clients.

 

Does Exness’ regulation expire? 

No, their regulations do not expire. However, regulations of any broker can changed, suspended, or even revoked according to specific circumstances, especially when the broker no longer meets the criteria for a specific license. 

 

What is Exness’ trust score? 

They have a trust score of 97%

Awards and Recognition

Awards and Recognition

 

The broker received the following recent awards and recognition: 

  • Global Broker of the Year in 2023, awarded during the Forex Traders Summit. 
  • Most Innovative Broker of the Year in 2023, awarded during the Traders Summit. 

 

When do I get my bonus? 

Unfortunately, the broker does not currently have a sign-up bonus. 

 

Can I withdraw my bonus? 

Unfortunately, the broker does not currently have a sign-up bonus. 

Exness Account Types and Features

Account Types and Features

 

Standard Account

Account Types and Features Standard Account

 

The broker offers the Standard Account to traders looking for a straightforward, commission-free trading experience. This basic option caters to a wide variety of traders and uses marked-up spreads rather than commission fees. 

Account FeaturesValue
💰 Minimum Deposit Requirement10 USD / 157,151 IDR
📊 Average spreadsVariable, from 0.3 pips
💵 Base Account Currency OptionsAED, 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 ChargesNone
📈 Maximum LeverageUnlimited
📊 InstrumentsForex major pairs, minor currency pairs, exotic pairs, energies, cryptocurrencies, stocks, indices
📉 Minimum lot size0.01 lots
📈 Maximum Lot Size200 lots from 7 am to 8h59 pm (GMT +0)

20 lots from 9 pm to 6h59 am (GMT +0)
📞 Margin Call (%)60
🛑 Stop-out Level (%)0
📱 Order ExecutionMarket Execution
☪️ Islamic AccountYes
🎉 Open an accountOpen Account

 

Standard Cent Account 

Account Types and Features Standard Cent Account 

 

The Standard Cent Account is designed for new traders with modest financial resources. With a modest entry point of around 157,151 ($10), this account allows newcomers to enter the trading market.  

 

Furthermore, the Cent account provides traders with boundless leverage potential and a smaller minimum transaction amount to explore trading ideas. 

Account FeaturesValue
💰 Minimum Deposit Requirement10 USD / 157,151 IDR
📊 Average spreadsVariable, from 0.3 pips
💵 Base Account Currency OptionsUSC, EUC, GBC, CHC, AUC, CAC
💸 Commission ChargesNone
📈 Maximum LeverageUnlimited
📊 InstrumentsForex, Metals
📉 Minimum lot size0.01 lots
📈 Maximum Lot Size200 lots from 7 am to 8h59 pm (GMT +0)

20 lots from 9 pm to 6h59 am (GMT +0)
📞 Margin Call (%)60
🛑 Stop-out Level (%)0
📱 Order ExecutionMarket Execution
☪️ Islamic AccountYes
🎉 Open an accountOpen Account

 

Raw Spread Account 

Account Types and Features Raw Spread Account 

 

The Raw Spreads Account is designed for scalpers, day traders, and algorithmic traders, and it offers tight and competitive spreads. This account enables traders to implement their strategy and profit on short-term trading opportunities efficiently. 

Account FeaturesValue
💰 Minimum Deposit Requirement500 USD / 7,857,575 IDR
📊 Average spreadsVariable, from 0.0 pips
💵 Base Account Currency OptionsAED, 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 ChargesUp to $3.5 per side, per lot
📈 Maximum LeverageUnlimited
📊 InstrumentsForex, Metals, Cryptocurrencies, Energies, Stocks, Indices
📉 Minimum lot size0.01 lots
📈 Maximum Lot Size200 lots from 7 am to 8h59 pm (GMT +0)

20 lots from 9 pm to 6h59 am (GMT +0)
📞 Margin Call (%)30
🛑 Stop-out Level (%)0
📱 Order ExecutionMarket Execution
☪️ Islamic AccountYes
🎉 Open an accountOpen Account

 

Zero Account 

Account Types and Features Zero Account 

 

With its no-requote policy, the Zero Account improves trading reliability. This account stands out among similar accounts from other brokers due to its incredibly competitive charges and spreads. Traders who value tight spreads and little slippage will benefit from the Zero Requote Account. 

Account FeaturesValue
💰 Minimum Deposit Requirement500 USD / 7,857,575 IDR
📊 Average spreadsVariable, from 0.0 pips
💵 Base Account Currency OptionsAED, 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 ChargesFrom $0.1 per side, per lot
📈 Maximum LeverageUnlimited
📊 InstrumentsForex, Metals, Cryptocurrencies, Energies, Stocks, Indices
📉 Minimum lot size0.01 lots
📈 Maximum Lot Size200 lots from 7 am to 8h59 pm (GMT +0)

20 lots from 9 pm to 6h59 am (GMT +0)
📞 Margin Call (%)30
🛑 Stop-out Level (%)0
📱 Order ExecutionMarket Execution
☪️ Islamic AccountYes
🎉 Open an accountOpen Account

 

Pro Account 

Account Types and Features Pro Account 

 

The Professional Account is intended for experienced traders with in-depth knowledge of financial markets. It provides professionals with a competitive advantage by providing customized trading conditions and advantages.  

 

This account is designed to meet the needs of experienced traders, allowing them to apply complicated strategies and surpass their opponents. 

Account FeaturesValue
💰 Minimum Deposit Requirement500 USD / 7,857,575 IDR
📊 Average spreadsVariable, from 0.1 pips
💵 Base Account Currency OptionsAED, 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 ChargesNone
📈 Maximum LeverageUnlimited
📊 InstrumentsForex, Metals, Cryptocurrencies, Energies, Stocks, Indices
📉 Minimum lot size0.01 lots
📈 Maximum Lot Size200 lots from 7 am to 8h59 pm (GMT +0)

20 lots from 9 pm to 6h59 am (GMT +0)
📞 Margin Call (%)30
🛑 Stop-out Level (%)0
📱 Order ExecutionInstant Execution on Forex currency pairs, metals, energies, stocks, and indices and market execution on cryptocurrencies
☪️ Islamic AccountYes
🎉 Open an accountOpen Account

 

Demo Account 

Account Types and Features Demo Account 

 

Before engaging in real trading, traders can use the Practice Account to refine their skills and acquaint themselves with trading concepts.  

 

Traders can experiment with different tactics and acquire confidence without risking real money by opening a demo account with USD 10,000 virtual currency in the “Demo” tab of “My Accounts.” The Practice Account provides a risk-free environment to practice live trading. 

 

Islamic Account 

Account Types and Features Islamic Account 

 

The broker offers swap-free trading accounts to inhabitants of Islamic nations who follow Sharia law. Standard, Pro, Raw Spread, Zero, and Standard Cent accounts do not credit or withdraw swaps.  

 

There are two degrees of swap-free status, with the Extended Swap-free option extending the overnight swap exemption to more symbols.  

 

However, it is important to note that swap costs may still apply to other instruments, and the broker monitors trading activities to avoid the swap-free status from being abused. 

 

Does the broker have an IDR account? 

They offer traders an IDR-denominated account on all accounts except the Cent. 

 

How long will it take to verify my swap-free account? 

Typically, it can be within a few minutes, but it could take up to 24 hours.

Overall Rating

Min Deposit

159 900 IDR or 10 USD

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

Trading Desk

MetaTrader mobile, Exness Trade App, Exness Terminal, MetaTrader 5, MetaTrader 4, MetaTrader WebTerminal

Crypto

Yes

Total Pairs

107

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

How to open an Exness Account – A Step-by-Step Guide 

To open an account, Indonesians can follow these steps: 

 

👉 Step 1 – Open the Exness Website and click on the “Open Account” tab.

To begin your Exness experience, go to their official website and click the “Open an Account” or “Register” button to begin the account creation procedure.  

How to open an Exness Account - A Step-by-Step Guide Step 1

 

👉 Step 2 – Fill in your personal details.

You must give personal information during registration, such as your name, email address, phone number, and country of residence. Fill in the required information and create a secure password. 

How to open an Exness Account - A Step-by-Step Guide Step 2

 

👉 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, or a real account.

How to open an Exness Account - A Step-by-Step Guide Step 3

Exness Vs XM Vs OctaFX – Broker Comparison

ExnessXMOcta
⚖️ RegulationFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMAFSCA, IFSC, ASIC/AFSL, CySEC, DFSACySEC, SVG FSA
📱 Trading PlatformMetaTrader 4, MetaTrader 5, Exness App, Exness TerminalMetaTrader 4, MetaTrader 5MetaTrader 4, MetaTrader 5, OctaFX App, CopyTrade App
💰 Withdrawal FeeNoNoNone
📊 Demo AccountYesYesYes
📈 Minimum Deposit10 USD / 157,151 IDR5 USD / 78,575 IDR25 USD / 392,878 IDR
📈 LeverageUnlimited1:8881:500
📊 SpreadVariable, from 0.0 pips0.0 pips0.6 pips
💰 CommissionsFrom $0.1 per side, per lot$1 to $9None
✴️ Margin Call/Stop-Out60%/0%50%/20%
100%/50% (EU)
25%/15%
✴️ Order ExecutionMarketMarket, InstantMarket
💳 No-Deposit BonusNoNoYes
📊 Cent AccountsYesNoNo
📈 Account TypesStandard Account, Standard Cent Account, Raw Spread Account, Zero Account, Pro AccountMicro Account, Standard Account, XM Ultra-Low Account, Shares AccountMetaTrader 4 Habitual Trader, MetaTrader 5 Smart Trader
⚖️ BAPPEBTI RegulationNoNoNo
💳 IDR DepositsYesYesNo
📊 IDR AccountNoNoNo
👥 Customer Service Hours24/724/524/5
📊 Retail Investor Accounts542
☪️ Islamic AccountYesYesYes
👉 Open an accountOpen AccountOpen AccountOpen Account

Trading Platforms 

Trading Platforms 

 

The broker offers Indonesian traders a choice between these trading platforms: 

  • Exness Trader App 
  • Exness Web Terminal 
  • MetaTrader 4 
  • MetaTrader 5 

 

Trader App 

Trading Platforms Trader App 

 

The broker provides the Exness Trader App, a seamless mobile trading solution for traders. With a sophisticated dashboard and an intuitive home page, the app provides a user-friendly experience that ensures seamless navigation and simple access to crucial functionality.  

 

The addition of tailored trading signals for each instrument is a standout feature of the Trader App.  

 

These signals are supplied from TradingView, a well-known market analysis platform, allowing traders to remain on top of market movements and gain useful insights immediately within the app.  

 

This integration improves convenience and enables traders to make more informed and strategic trading decisions even while they are on the move. 

 

Web Terminal 

Trading Platforms Web Terminal 

 

Exness Terminal, in addition to MT4 and MT5, is its own unique trading platform. This platform is created with a user-friendly interface, especially for new traders.  

 

In addition, its simple and uncomplicated style allows for easy navigation and instrument lookup. The Terminal includes TradingView charts, which include a variety of indicators and sketching tools, allowing traders to do effective market analysis.  

 

Furthermore, traders can easily create stop levels depending on percentage, account currency, or price, improving overall use and efficiency. 

 

MetaTrader 4 and 5 

Trading Platforms MetaTrader 4 and 5 

 

The broker is recognized for providing the widely acclaimed MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. These platforms distinguish themselves within the industry with their wealth of advanced features and tools.  

 

With numerous timeframes, extensive technical indicators, and comprehensive charting capabilities, traders can perform thorough market analysis.  

 

Moreover, due to the versatility of MT4 and MT5’s adaptability features, traders can customize their strategies, incorporate automated trading systems and connect with a large community of fellow traders for knowledge-sharing and collaboration opportunities. 

 

Can I open and close positions on the app? 

Yes, you can easily manage your trading from the proprietary app. 

 

Does MetaTrader 4 support hedging? 

Yes, MetaTrader 4 (MT4) supports hedging; however, the availability of hedging can vary depending on the broker and regulatory environment.

Range of Markets

Range of Markets

 

Indonesian traders can expect the following range of markets: 

➡️ Forex  

➡️ Metals 

➡️ Cryptocurrencies 

➡️ Energies 

➡️ Precious Metals 

➡️ Stocks

➡️ Indices 

 

How many forex pairs can I trade with? 

You can trade over 100 Forex pairs. 

 

Does the broker have Ethereum? 

Yes, they offer crypto CFDs on 27 coins, including Ethereum.

Broker Comparison for Range of Markets

ExnessXMOctaFX
➡️️​ ForexYesYesYes
➡️️​ Precious MetalsYesYesYes
➡️️​ ETFsNoNoNo
➡️️​ CFDsYesYesYes
➡️️​ IndicesYesYesYes
➡️️​ StocksYesYesNo
➡️️​ CryptocurrencyNoNoYes
➡️️​ OptionsNoNoNo
➡️️​ EnergiesYesYesYes
➡️️​ BondsNoYesNo

Overall Rating

Min Deposit

159 900 IDR or 10 USD

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

Trading Desk

MetaTrader mobile, Exness Trade App, Exness Terminal, MetaTrader 5, MetaTrader 4, MetaTrader WebTerminal

Crypto

Yes

Total Pairs

107

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Exness Fees, Spreads, and Commissions 

Exness Fees, Spreads, and Commissions 

 

Spreads 

Spreads charged to traders will differ depending on account type because each account is targeted to a specific type of trader.

 

Commissions 

Some accounts have a fixed rate commission to ensure the broker is compensated for the services in arranging the transaction. In this situation, commissions are levied on the following 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 

Overnight traders should expect to pay fees that depend on several factors, including the type of financial instrument held, the length of time the position is held, the size of the position, and the prevailing interbank rates. 

 

Deposit and Withdrawal Fees 

There are no fees on deposits or withdrawals. 

 

Inactivity Fees 

There are no fees charged on dormant accounts. 

 

Currency Conversion Fees 

Currency conversion fees apply automatically if traders deposit/withdraw in currencies other than the base currency of their account. Because Exness offers an IDR-denominated account, traders do not face these fees. 

 

Do IDR deposits get charged a currency conversion fee? 

No, you do not pay a currency conversion fee if you register an IDR-denominated account and deposit funds in IDR. 

 

What is the brokers’ lowest spread? 

The brokers’ lowest spreads are 0.0 pips on the Raw Spread and Zero Accounts.

Exness Deposits and Withdrawals 

Deposits and Withdrawals 

 

The broker offers Indonesian traders the following deposit and withdrawal methods: 

➡️ BinancePay 

➡️ Bitcoin 

➡️ Debit Card 

➡️ Credit Card 

➡️ Internet Banking  

➡️ Skrill 

➡️ Neteller 

➡️ Perfect Money 

➡️ SticPay 

➡️ USD Coin (ERC20) 

➡️ USD Coin (TRC20) 

➡️ Tether (USDT ERC20) 

➡️ Tether (USDT TRC20) 

➡️ WebMoney 

➡️ Mybux 

➡️ Ozow 

➡️ SnapScan 

 

Does the broker have a VISA? 

Yes, they accept deposits and withdrawals using several credit/debit cards, including VISA cards. 

 

Will the broker use my money to run its operations? 

No, they do not. They keep all client funds in segregated accounts with top-tier banks, away from its funds. 

How to Make a Deposit with Exness 

To deposit funds into an account, Indonesian traders can follow these steps: 

 

👉 Step 1 – Go To The Official Website

Go to Exness’s official website and log into your account.

How to Make a Deposit Step 1

 

👉 Step 2 – Click on “Deposit”

Select “Deposit” or “Fund Account” to enter the deposit interface. 

 

👉 Step 3 – Deposit Your Funds

Put in the amount you want to deposit, and ensure it is more than the minimum. 

 

How to make a Withdrawal with Exness 

To withdraw funds from an account, Indonesian traders can follow these steps: 

 

👉 Step 1 – Go to the Exness Website

Go to the official Exness website and click on “Sign In”.

How to make a Withdrawal Step 1

 

👉 Step 2 – Click on “Withdrawal”

To withdraw funds, find the section labelled “Withdraw” or something similar. 

 

👉 Step 3 – Choose a withdrawal method.

You can choose your preferred withdrawal method, which is usually the same as the deposit method. Type in the withdrawal amount and confirm it with the required information. 

Education and Research 

Education and Research 

 

Education 

The broker offers the following Educational Materials to Indonesian traders: 

  • Exness Academy 
  • Webinars 
  • Educational Videos 
  • Articles 

 

The broker also offers Indonesian traders the following additional Research and Trading Tools: 

  • Analytical Tools 
  • Trader’s Calculator 
  • Economic Calendar 
  • Currency Converter 
  • Tick History 
  • Trading Central WebTV 

 

Is the broker suitable for beginners? 

Yes, they are a perfect fit for beginner traders in Indonesia. 

 

Can I use AutoChartist? 

No, the broker does not offer AutoChartist but offers VPS, Trading Central, and more.

Bonuses and Promotions

The broker does not currently have bonuses or promotions advertised on the official website. 

 

How much is the brokers’ deposit bonus? 

The broker does not currently offer a deposit bonus. 

 

Where do I find the brokers’ bonuses? 

Their bonuses are typically available from the homepage and top menu bar. However, they do not currently offer any bonuses. 

How to open an Affiliate Account with Exness 

To register an Affiliate Account, Indonesian traders can follow these steps: 

 

👉 Step 1 – Locate the affiliate area.

Go to the Exness website and go to the Affiliate area. 

How to open an Affiliate Account Step1

 

👉 Step 2 – Click on the “Start Now” icon.

Click the “Start Now” icon to access a registration form. 

How to open an Affiliate Account Step 2

 

👉 Step 3 – Provide your personal details.

Fill out the form with your personal information, including your complete name, email address, and phone number. 

How to open an Affiliate Account Step 3

Affiliate Program Features 

Affiliate Program Features 

 

Individuals and businesses can earn commissions by referring new customers to the broker through the Affiliate Program. Partners can use various promotional materials, such as banners and landing pages, to help their marketing efforts.  

 

The broker has a competitive commission system, with revenues dependent on referral client trading volume. The program offers real-time tracking and reporting through an easy-to-use dashboard, allowing affiliates to monitor their performance and earnings. 

 

 A specialized affiliate manager assists, ensuring that partners receive the guidance they require to succeed.  

 

With multiple payment options for withdrawing commissions and no withdrawal restrictions, the Affiliate Program is an appealing alternative for those wishing to monetize their trading network and knowledge. 

 

Does the broker have rebates? 

Yes, they offer up to 100% on commissions paid. 

 

Does the broker offer marketing materials to Indonesian partners? 

Yes, they offer a range of materials that partners can use. 

Customer Support 

Customer Support 

 

The brokers customer service is notable for its 24-hour availability, delivering polite and rapid support. Access to 24-hour support from Monday through Saturday and extended hours from 2 a.m. to 5 p.m. on Saturdays and Sundays has proven to be a useful advantage for Indonesian traders. 

 

Does the broker stay open 24/7? 

Yes, but Indonesian support is only offered from Monday 1 a.m. to Saturday 1 a.m., and Saturday and Sunday from 2 a.m. to 5 p.m. 

 

Does the broker support Indonesians? 

Yes, support is available in Indonesia.

Corporate Social Responsibility 

Corporate Social Responsibility 

 

The broker actively participates in giving back to the community as part of its corporate social responsibility (CSR) programs, both financially and in-kind services. The corporation contributes to several local non-profit groups that address various social and humanitarian challenges.  

 

The broker hopes to make a positive difference in the lives of those in need and leave a lasting impression on society through these worthwhile initiatives. 

 

Their dedication to inclusivity and diversity is a fundamental component of its CSR initiatives. The organization prioritizes creating an inclusive and inviting work environment for all its workers.  

 

They create programs that encourage diversity, equality, and general employee well-being internally. Externally, the corporation extends its inclusion efforts to the communities in which it operates, hoping to make a good impact beyond the organization’s walls. 

 

The broker exhibits its commitment to social responsibility and genuine desire to contribute to the benefit of society by focusing on CSR projects in education, environmental sustainability, community support, and inclusivity.  

 

The broker hopes to actively create a more compassionate and sustainable environment for everybody through these efforts. 

 

Is Exness VPS free? 

Yes, Clients that achieve certain trading volume requirements are eligible for free services. 

 

How can I get started with VPS? 

To begin using VPS, log in to your Personal Area, navigate to the VPS section, and follow the on-screen instructions, ensuring that you match the eligibility conditions specified by the broker. 

Verdict

They have proven to be a preferred trading platform in Indonesia and several key factors contribute to its success. One noteworthy aspect is the platform’s commitment to safety and security.

 

One of the standout features that sets the broker apart is its ability to maintain IDR-denominated accounts. This feature simplifies the trading process for Indonesian traders.

Top 10 Forex Brokers

Broker

Rating

Regulators

Min Deposit

Leverage

Website

1

8/10

ASIC, FSA

$100

1:400

2

9/10

FSCA, FSA, CySEC, FCA, CBCS, FSC (BVI), FSC

$10

1:20000

3

8.4/10

FSA, CySec, FSCA, FSC

$1

1:3000

4

8/10

FCA, IFSC, CySec, ASIC

$5

1:1000

5

8/10

FSCA, FSC, FSA

$10

1:400

6

8.7/10

FSCA, CySEC, FCA, DFSA, FSCA, CMA

$0

1:2000

7

8.5/10

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

$10

1:400

8

8.3/10

IFSC, FSCA, ASIC, CySEC

$1

1:1000

9

8.2/10

SVGFSA

$5

1:500

10

8.1/10

CySEC, ASIC, FSCA

$100

1:500

Top 10 Forex Brokers

Broker

Rating

Min Deposit

Leverage

1

8/10

$100

1:400

2

9/10

$10

1:20000

3

8.4/10

$1

1:3000

4

8/10

$5

1:1000

5

8/10

$10

1:400

6

8.7/10

$50

1:100

7

8.5/10

$10

1:400

8

8.3/10

$1

1:1000

9

8.2/10

$5

1:500

10

8.1/10

$100

1:500

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Pros and Cons

✔️ Pros❌ Cons
The brokers’ tick data repository, which stretches back to 2015, is one of its significant advantages. This collection is extremely valuable for traders who want to back-test their techniques.The provision of unlimited leverage can be a double-edged sword for traders, requiring caution and proper trading techniques
The brokers’ customers can anticipate great multilingual customer care 24 hours a day, 7 days a week, delivering a smooth transaction experience anytime, anywhere.While the broker offers a wide range of tradable marketplaces, it is important to note that the number of financial instruments offered is limited.
They stand out in the forex market with its incredibly competitive commission rates, which set the industry standard for cheap prices.
They serve both novices and pros, offering a wide selection of trading accounts and commission structures to fit individual trading tastes.
The broker provides quick withdrawals using several trusted payment processors for simplicity and reliability, bolstering its reputation as a trustworthy broker.
The broker demonstrates its dedication to transparency by undergoing financial audits by the reputed Big Four accounting firm, Deloitte.

Frequently Asked Questions

How can I open an account in Indonesia? 

To start an account in Indonesia, register on the website, enter your personal information, verify your identification and residence, and then select an account type. 

 

Is Exness regulated? 

Yes, the broker is subject to scrutiny from various authoritative bodies, such as the FCA, CySEC, FSC, FSA, FSC BVI, CMA, and FSCA. 

 

How long does it take to withdraw? 

E-wallet withdrawals are typically processed instantly, while bank wire transfers may take several business days. 

 

Is unlimited leverage available with the broker? 

Yes, they offer unlimited leverage for some account types, providing traders with greater freedom and opportunities in their trading tactics. 

 

What are the trading conditions in Indonesia? 

The broker provides IDR-denominated accounts, unlimited leverage, quick deposits and withdrawals, and access to various trading products such as Forex, commodities, and indices to Indonesian traders. 

 

Does Exness have Nasdaq 100? 

Yes, they have Nasdaq 100 and several other CFDs on Indices for Indonesians. 

 

How can I reach customer support in Indonesia? 

The broker offers 24-hour customer service in Indonesia from Monday to Saturday, with limited hours on Sunday, by live chat, email, or phone. 

 

Is Exness Safe or a Scam? 

They are a safe and trusted broker with a score of 97%. 

 

Does the broker have VIX 75? 

No, they do not have VIX 75 but offer other popular indices such as Nasdaq 100, S&P 500, and more. 

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