Trading fees are a very primary aspect in evaluating a broker, as they directly impact profitability, and can reveal which trading strategies a broker best supports.
Our Exness trading fees review offers a breakdown of trading and non-trading costs. How competitive are the Exness trading fees?
Overview of Exness Fees and Charges
The Exness commission-free Standard account shows an average EUR/USD spread of 1.0 pips or $10.00 per 1.0 round lot. This compares to 0.6 pips or $6.00 in the Pro account. Forex commissions are $7.00 per round lot, where traders get raw spreads from 0.0 pips. Equity traders pay asset-dependent commissions between $0.81 to $28.76.
Many liquid assets at Exness are free of swap rates. The Pro account, available from an Exness minimum deposit of $200, has the lowest overall Exness trading fees, ideal for all trading strategies, including demanding short-term strategies like scalping, high-frequency trading, and algorithmic trading.
Here is a snapshot of Exness fees:
Fee | Type of Fee | Applicable at Exness |
|---|---|---|
Spreads | Trading fee | Yes |
Commission | Trading fee | Yes |
Swap rates on leveraged overnight positions | Trading fee | Yes |
Live Price Feed / Stamp Duty/ Settlement Fee | Trading fee | No |
Internal Deposit Fee | Non-trading fee | No |
Internal Withdrawal Fee | Non-trading fee | No |
Inactivity Fee | Non-trading fee | No |
Account Fee | Non-trading fee | No |
Currency Conversion Fee | Trading fee and non-trading fee | Yes |
Exness Fees, Spreads, and Commission Explained
Understanding the Exness trading fees, which consist of trading and non-trading fees at all brokers, will help traders comprehend what they must pay, why they must pay, and how those costs compare to other brokers.
Trading fees are:
- Spreads (the difference between the bid and the ask price of an asset, where Exness is competitive)
- Commissions (asset-dependent and competitive)
- Swap rates (charged on leveraged overnight positions, where Exness is ultra-competitive)
- Currency conversion fee (only where applicable)
Non-trading fees are:
- Deposit fee (not charged at Exness)
- Withdrawal fee (not charged at Exness)
- Inactivity fee (not charged at Exness)
- Currency conversion fee (only where applicable)
Exness Trading Fees
Exness trading fees apply to each transaction and are asset and account dependent.
Here is an overview of average Exness trading fees in the cheapest account type per asset class:
Asset | Average Markup over Raw Spreads | Minimum Commission | Total Exness Fees |
|---|---|---|---|
Forex (Pro) | 0.6 - 1.3 pips | Commission-free | $6.00 to $13.00 per 1.0 standard round lot |
Equities (Pro) | 0.1 - 4.8 points | Commission-free | 0.10 - 4.80 per share |
Indices (Zero) | 0.0 pips to 22.9 pips | $0.50 - $2.25 | Asset-dependent |
Commodities - Energies (Pro) | 3.9 - 9.1 points | Commission-free | $3.90 - $9.10 per contract |
Commodities - Metals (Pro) | 2.4 - 283.8 points | Commission-free | $2.40 - $283.80 per contract |
Cryptocurrencies (Zero) | 0.0 - 616.95 points | $0.20 - $45.18 | Asset-dependent |
Overnight Fees (Swap rates)
Dependent on the trading strategy, swap rates, which are the most ignored trading costs, may become the most significant fee per trade. Traders pay swap rates on leveraged overnight positions, which triple on Wednesday to account for trades kept open over the weekend if they keep them open past 5 p.m. EST.
MT4/MT5 traders can easily access swap rates from their platform by following these steps:
1. Right-click the desired symbol in the Market Watch window and select Specification.
2. Scroll down until you see Swap Long and Swap Short.
Noteworthy:
- Exness offers swap-free trading on many liquid assets.
Currency Conversion Fees
A currency conversion fee applies each time the quote currency of an asset does not match the account base currency. For example, buying a US Dollar denominated asset from a Euro trading account.
Exness Non-Trading Fees
Deposits, withdrawals, and inactivity are account transactions other than trading and belong to the non-trading fees category. They are notably less frequent, but traders can avoid confusion by knowing about them and when they apply.
Exness Deposit Fee
There is no deposit fee at Exness, meaning a trader making a $200 deposit will receive $200 in their account. Should the deposit currency mismatch the account base currency, a currency conversion fee applies, listed in the deposit screen. Exness supports the 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, ZARAMD, AUC, BGN, CAC, CHC, CLP, COP, CZK, DKK, DZD, EUC, GBC, GEL, HRK, ILS, ISK, KGS, LBP, LKR, MAGUSD, MAUUSD, MBAUSD, MBBUSD, MBCUSD, MBDUSD, MPDUSD, MPTUSD, NOK, NPR, PLN, RON, RUR, SEK, and SYP as deposit currencies, matching available account base currencies.
Exness Withdrawal Fee
Exness does not levy internal withdrawal fees and notes it pays all third-party costs. A currency conversion fee may apply, which Exness lists in the back office.
Exness Inactivity Fee
An inactivity fee does not exist at Exness, ensuring a pressure-free trading environment.
Exness Safety and Security
Exness complies with six regulators, including one central bank, and is a Hong Kong-based Financial Commission member. It grants traders access to the leading independent external dispute resolution (EDR) organization in the retail Forex / CFD industry and a compensation fund covering claims up to €20,000. Exness, operational since 2008, has established itself as a secure and trustworthy broker.
Bottom Line
The Exness trading fees are ultra-competitive, including commission-free and swap-free trading on many liquid assets. Exness is free of non-trading fees, except for currency conversion costs where applicable. Exness also pays third-party payment processing fees in deposits and withdrawals, placing it among the cheapest brokers. For additional information on Exness, read our Exness broker review. Yes, raw account commissions range between $0.40 and $7.00 per 1.0 standard round lot and are account and asset dependent. No, Exness does not charge inactivity fees. It depends on the asset and account, but spreads apply instantly once a trader opens a position. Commissions and swap rates only if applicable when traders open and close trades and on leveraged positions after the cut-off time, respectively. Currency conversion fees only apply if the quote currency of the asset differs from the account base currency. Exness does not levy internal withdrawal fees except a currency conversion fee if applicable, but traders should consider potential third-party costs. The Exness trading fees consist of spreads, commissions, swap rates, and currency conversion fees. The latter three remain asset and account dependent. No, there is no monthly fee at Exness. Yes, Exness has three commission-based trading accounts.FAQs
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