Brokers / Exness / Accounts

Exness Account Types & How to Open

✓ Regulated Est. 2023 0 account types

Exness accounts at a glance

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Exness accounts: what we know and what remains undisclosed

When we set out to review the account offering at Exness (SC) Ltd, we expected to find the usual menu of standard, cent and raw-spread accounts that most retail brokers publish. Instead, our records show a broker that is still very much a shell: the company was incorporated in Seychelles on 17 March 2023, lists zero employees, and its official domain, ex-markets.pro, carries no publicly available account specifications. In FXCanary's assessment, the absence of published account terms is itself a red flag for any trader considering a deposit.

We cross-checked the company's registration against the Seychelles Financial Services Authority (FSA) register. The licence on file is a Derivatives Trading License (EP) with licence number SD025, issued to Exness (SC) Ltd. That is the only licence we can verify. No other regulatory authorisations are on file, and the company's registered address — 9A CT House, 2nd Floor, Providence, Mahe — is a standard offshore business address. For a broker that presents itself under the well-known Exness brand, the contrast between the global Exness reputation and this newly formed Seychelles entity could not be starker.

Account types: no published tiers, no published terms

Our review found no official documentation from Exness (SC) Ltd describing its account types, minimum deposit, leverage, spreads or commissions. The broker's own website, ex-markets.pro, does not appear to publish a standard account comparison table, and aggregated industry data does not list any specific account tiers for this entity. In the absence of such disclosures, we cannot confirm whether the company offers the classic Exness Standard, Cent, Raw Spread or Zero accounts that traders may associate with the brand.

We advise readers to treat any claim about specific account features — such as a $10 minimum deposit or a 1:2000 leverage — as unverified. The only figures we can rely on are those in our own records, and those records contain no account-level numbers. For a cautious trader, the lack of transparency on something as fundamental as the account menu is a strong reason to pause before engaging with this broker.

Leverage and margin: the offshore risk

Because Exness (SC) Ltd is registered in Seychelles, it falls under the FSA's regulatory framework, which is widely regarded as light-touch compared to European or UK oversight. The FSA does not impose the same leverage caps that, for example, ESMA applies to retail clients in the EU. In practice, this means a Seychelles-licensed broker could offer leverage well above 1:30, but we have no verified figure for this specific entity.

In FXCanary's assessment, high leverage is a double-edged sword: it amplifies both gains and losses, and for a broker with no operating history and no employee records, the risk of a margin call or a total loss is magnified. We strongly recommend that any trader considering this broker treat leverage as an unknown and assume the worst-case scenario. Without a published leverage policy, there is no way to assess the true risk exposure.

Spreads, commissions and costs: undisclosed

Our records contain no information on spreads or commissions for Exness (SC) Ltd. The broker does not publish a fee schedule on its website that we could verify, and aggregated industry data does not provide any figures. This is a significant gap, because trading costs are a core part of any broker's offering. A trader cannot compare this broker to competitors without knowing the typical spread on EUR/USD or the commission per lot.

We note that the global Exness brand is known for competitive spreads, but that reputation belongs to the wider Exness group, not necessarily to this Seychelles entity. In our view, the lack of published costs is a warning sign: a legitimate broker usually wants to show its pricing to attract clients. The silence here suggests either an incomplete operation or an unwillingness to be transparent.

Trading platforms: no confirmed offering

We could not confirm which trading platforms Exness (SC) Ltd offers. The global Exness group typically provides MetaTrader 4 and MetaTrader 5, along with its own mobile app, but we have no evidence that this specific entity offers any of those. The official domain ex-markets.pro does not appear to host a platform download page, and our records do not list any platform details.

For a trader, the platform is the primary interface with the market. Without a confirmed platform, there is no way to test execution, charting tools or order types. We recommend that any trader who is still considering this broker demand a live demo account before depositing any funds. If the broker cannot provide a demo on a recognised platform, that is a clear indication that the operation is not ready for real trading.

Demo accounts: the first test

A demo account is often the first step a trader takes with a new broker, and it is a useful way to evaluate execution and platform stability without risking capital. For Exness (SC) Ltd, we have no evidence that demo accounts are available. The broker's website does not mention a demo option, and our records contain no reference to one.

In FXCanary's assessment, the absence of a demo account is a significant omission. Even the most basic brokers typically offer a free demo to attract clients. If this entity cannot provide a risk-free way to test its services, it raises serious questions about its operational readiness. We advise traders to treat the lack of a demo as a red flag and to move on to a more established broker.

Account opening and KYC: what to expect

We could not verify the account-opening process for Exness (SC) Ltd. The broker does not publish a clear onboarding procedure, and we have no records of the required documents or verification steps. Based on typical Seychelles-licensed brokers, we would expect a standard KYC process involving a passport or ID, proof of address, and possibly a selfie for verification, but this is speculation on our part.

Given the broker's zero-employee record, we also have concerns about the responsiveness of any customer support during onboarding. If there is no staff to process applications or answer queries, the account-opening experience could be slow or non-functional. We recommend that any trader who attempts to open an account with this broker do so with extreme caution and be prepared for potential delays or a complete lack of response.

Our verdict on the account offering

In FXCanary's assessment, the account offering at Exness (SC) Ltd is essentially a blank slate. We have no verified information on account types, minimum deposits, leverage, spreads, commissions, platforms or demo accounts. The only concrete facts are the company's Seychelles registration, its FSA licence (SD025), and its incorporation date of 17 March 2023.

We must also highlight that our records flag this entity as a 'Fake Broker' in industry watchdog records and identify it as a clone or impersonator firm. The name 'Exness' is well known, but this Seychelles entity appears to be a separate, newly created company with no employees and no verifiable trading services. For any trader, the prudent course is to avoid depositing funds until the broker can provide full transparency on its accounts and operations. The absence of information is not a neutral fact — it is a warning.

How to open a Exness account

The typical steps to open and fund a Exness account. FXCanary always recommends testing a broker with a small deposit and a withdrawal before committing serious capital.

  1. Register — sign up on the official Exness site with your email and basic details.
  2. Verify (KYC) — upload ID and proof of address; regulated brokers legally must verify you.
  3. Choose an account — pick a tier from the table above that matches your deposit and strategy.
  4. Fund — deposit via a supported method (start small to test the process).
  5. Test a withdrawal — before scaling up, confirm you can withdraw smoothly.

Read the full Exness review →  ·  Is Exness safe?