Is Exness a forex broker with wide spreads, or does it offer narrow spreads?
Many traders consider tight spreads an important factor when choosing an overseas forex broker, so it’s natural to wonder how Exness actually compares.
We'll provide a comprehensive overview of Exness’s spreads, including when they are most likely to fluctuate.
Exness displays spreads differently on trading platforms like MT4 and MT5 compared to its official tools.
Since spreads are a crucial cost factor in forex trading, this guide will help you understand Exness’s spread conditions and serve as a reference when opening an account.
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How Are Spreads Determined at Exness?
Exness offers both fixed and variable spreads depending on the financial instrument.
Since overseas forex brokers primarily generate revenue from spreads, they are often considered slightly wider than those of domestic brokers. However, the difference has become less significant in recent years.
First, let's explore how fixed and variable spreads are applied.
Which Instruments Have Fixed Spreads at Exness?
Exness adopts fixed spreads for certain currency pairs, allowing traders to predict transaction costs to some extent.
The following instruments have fixed spreads:
About Fixed Spreads
- Fixed Spread Pairs: EURUSD, XAUUSD, GBPUSD, USDJPY, GBPJPY, USDCAD, AUDUSD, USDCHF, EURJPY, EURGBP
- Determination Method: Calculated using the weighted average of spreads and tick data over a specific timeframe.
This calculation method automatically determines the spread and applies it approximately 90% of the time, except during periods of high market volatility.
Even for fixed spread instruments, spreads may become variable during high-volatility periods, so it is essential to understand that they are not entirely fixed.
Exness Primarily Uses Floating Spreads
For financial instruments other than those mentioned above, Exness primarily employs floating (variable) spreads.
The determination of variable spreads is as follows:
About Variable Spreads
For variable spreads, the spread value fluctuates constantly depending on market volatility. It may widen beyond the average or become narrower than the average.
The official website displays average spreads, which are calculated by analyzing spread trends over a certain period, providing a rough reference.
Differences in Spread Display Between Exness’s Official Website and MT4/MT5
One key point to remember when trading financial instruments with Exness is that the spread display differs between the website and trading platforms like MT4 and MT5.
At first, it may seem unfamiliar, but the difference is not significant, and after a few trades, you should have no issues.
How Are Spreads Displayed on Exness's Website and Web Tools?
Here's how Exness displays spreads across different platforms:
Exness Spread Display
- Exness Website: Average spread (in pips) from the previous trading day
- Exness Terminal: Current spread (in pips)
- Exness Trade App: Current spread (in pips)
Since the official website updates only once per day, the displayed spread is an average from the previous day and should be considered a rough estimate.
How Are Spreads Displayed on Trading Platforms Like MT4 and MT5?
When using trading platforms like MT4 and MT5 with Exness, understanding how spreads are displayed is crucial.
Point-Based Display
- Standard currency points represent the smallest price fluctuation (fifth decimal place), where 1 pip equals 10 points.
- For gold, silver, and JPY pairs, the third decimal place is used, while cryptocurrencies use the second decimal place.
For example, if the official website displays a spread of 1.4 pips, it will appear as 14 points on MT4 or MT5.
How to Check Exness’s Real-Time Spread on MT4 and MT5
Here’s how to check real-time spreads on MT4 and MT5 after opening an account with Exness.
＜＜How to Check Spreads on MT4＞＞
MT4 Spread Check
- Log in to MT4 and open the Market Watch window.
- Right-click anywhere inside the window and select "Spread" from the options list.
- A new column will appear displaying real-time spreads for each financial instrument.
＜＜How to Check Spreads on MT5＞＞
MT5 Spread Check
- Log in to MT5 and open the Market Watch window.
- Right-click anywhere in the window, select "Columns," and then choose "Spread."
- The Market Watch window will display real-time spreads for each financial instrument.
Checking real-time spreads on Exness is not complicated, so be sure to monitor them while trading.
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When Do Spreads Widen at Exness?
Exness implements a variable spread system, meaning that spreads can widen or narrow depending on market conditions.
Factors that influence spreads include:
Factors Affecting Spreads
- Changes in market volatility
- Economic news and updates
- Unexpected economic events
- Market opening and closing times
Let's take a closer look at each factor.
How Does Market Volatility Affect Spreads at Exness?
Market volatility significantly impacts spreads at Exness.
Impact of Market Volatility
- Market volatility is one of the biggest factors affecting spreads.
- High volatility means large price fluctuations. When the market becomes highly unstable, brokers widen spreads to mitigate trading risks.
- Increased uncertainty makes price prediction difficult, raising the risk associated with providing quotes. Exness implements variable spreads for this very reason.
- During volatile periods or active trading sessions, traders should expect wider spreads than usual.
Spreads tend to widen significantly before and after major economic announcements or events that cause market fluctuations.
How Do Economic News and Updates Affect Spreads at Exness?
Economic news and reports also impact spreads at Exness.
Impact of Economic News
- Economic news and corporate earnings reports directly affect spreads in financial markets.
- When major news is released, market participants react, causing sudden price fluctuations. Brokers temporarily widen spreads to manage risk.
- Since news impact is unpredictable, spreads can widen sharply if the announcement deviates significantly from market expectations.
Traders should be aware that trading during such times may involve higher costs. Some brokers also impose leverage restrictions during these events.
How Do Unexpected Economic Events Affect Spreads at Exness?
Unexpected economic events can also influence spreads.
Impact of Unexpected Economic Events
- Unexpected events disrupt market stability, leading to wider spreads.
- Political instability, natural disasters, or terrorist attacks trigger risk aversion, causing capital shifts.
- Such events create unpredictable volatility in global financial markets.
- Brokers widen spreads during these times to account for increased uncertainty and protect positions.
Traders should factor these risks into their strategy and adjust position sizes accordingly.
How Do Market Opening and Closing Times Affect Spreads at Exness?
Market opening and closing times can also impact spreads.
Impact of Market Opening and Closing
- Market open and close times are crucial factors affecting spreads.
- Liquidity tends to drop right after opening and before closing, making it harder to match buyers and sellers. Brokers widen spreads to compensate.
- Similar effects occur late on Fridays and early on Mondays as traders adjust positions to avoid weekend risks.
Understanding these time-based fluctuations is essential for effective trading.
Additionally, be aware that triple swap charges apply on Wednesdays.
What Types of Accounts Can Be Opened with Exness?
Exness currently offers five types of accounts, allowing traders to choose an account type that matches their investment methods and trading styles.
The available account types at Exness are:
About Exness Account Types
- Standard Account
- Standard Cent Account
- Pro Account
- Zero Account
- Raw Spread Account
Among these, the Pro Account, Zero Account, and Raw Spread Account are classified as pro-tier accounts, offering the tightest spreads.
So, what are the characteristics of each account type?
Comparison of Exness Account Types and Trading Conditions
The table below summarizes the features and trading environments of each account type offered by Exness.
| Feature | Standard Account | Standard Cent Account | Pro Account | Zero Account | Raw Spread Account |
| Minimum Deposit | $150 | $150 | $1,000 | $1,000 | $1,000 |
| Spreads | From 0.2 pips | From 0.3 pips | From 0.1 pips | From 0 pips | From 0 pips |
| Trading Fees | None | None | None | From $0.5 per lot | Up to $3.50 per lot |
| Tradable Assets | Forex, Metals, Cryptos, Energies, Stocks, Indices | Forex, Metals | Forex, Metals, Cryptos, Energies, Stocks, Indices | Forex, Metals, Cryptos, Energies, Stocks, Indices | Forex, Metals, Cryptos, Energies, Stocks, Indices |
| Order Execution | Market Execution | Market Execution | Instant Execution (Market Execution for Crypto) | Market Execution | Market Execution |
At Exness, trading fees apply only to Zero and Raw Spread accounts.
The other three account types are commission-free, with the only cost being the spread, making this a key difference to consider.
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Differences in Spreads and Trading Fees by Exness Account Type
The biggest differences between Exness account types are the spreads and trading fees.
To give you an idea of the actual trading costs, here is a comparison of spreads and fees for major currency pairs:
| Currency Pair | Standard Account | Standard Cent Account | Pro Account | Zero Account | Raw Spread Account |
| Trading Fees | None | None | None | From $0.05 | Up to $3.50 |
| USDJPY | 1.1 pips | 1.1 pips | 0.7 pips | 0 pips | 0 pips |
| EURUSD | 1.0 pips | 1.0 pips | 0.6 pips | 0 pips | 0 pips |
| GBPUSD | 1.2 pips | 1.2 pips | 0.7 pips | 0 pips | 0.1 pips |
| NZDUSD | 2.0 pips | 2.0 pips | 1.2 pips | 0 pips | 0.5 pips |
| USDCAD | 2.2 pips | 2.2 pips | 1.4 pips | 0 pips | 0.4 pips |
| USDCHF | 1.4 pips | 1.4 pips | 0.9 pips | 0.1 pips | 0.3 pips |
| AUDUSD | 1.4 pips | 1.4 pips | 0.9 pips | 0 pips | 0.2 pips |
* The above spreads are based on Exness’s official website as of April 2024. For the latest spreads, check MT4 or MT5.
Given these spread differences, it is recommended to choose an account type based on your trading experience and strategy.
Zero Account is Recommended for the Lowest Spreads at Exness
The Exness Zero Account offers the lowest spreads among all account types.
The Zero Account is ideal for traders looking for the lowest spreads, making it the best choice for those who prioritize tight spreads.
How does it compare to other account types?
Zero Spreads Are Available with the Exness Zero Account
The Zero Account at Exness has unique features that set it apart from other account types.
What Is Zero Spread?
- The Exness Zero Account is optimized for market execution and offers zero spreads on the top 30 financial instruments 95% of the time during the day.
- For other instruments, zero spreads apply approximately 50% of the time, depending on market volatility.
Since zero spreads generate no spread revenue, the Exness Zero Account requires a trading commission per instrument.
The trading commission starts from as low as $0.05 per side, so traders need to consider this when holding positions.
Which Instruments Have Zero Spreads on the Exness Zero Account?
The following financial instruments qualify for zero spreads on the Exness Zero Account:
Instruments with Zero Spreads
AUDCAD, AUDCHF, EURAUD, GBPAUD, NZDCAD, XAGUSD, CADJPY, CHFJPY, EURUSD, HKDJPY, USDJPY, EURJPY, EURNZD, GBPUSD, USDCHF, CADCHF, GBPJPY, GBPNZD, USDCAD, AUDUSD, EURGBP, NZDJPY, NZDUSD, AUDJPY, EURCHF, GBPCHF, XAUUSD, AUDGBP, EURCAD, GBPCAD, NZDCHF
Many high-volume trading pairs such as USDJPY, EURJPY, and EURUSD can be traded with zero spreads, which is a major advantage.
This allows traders who are sensitive to spreads to confidently trade a variety of financial instruments with Exness.
The Zero Account Has Zero Spreads but Requires Trading Commissions
As mentioned earlier, while the Zero Account provides zero spreads, traders need to be aware of the required trading commissions.
Here are some examples of trading commissions for various instruments:
Trading Commissions for Zero Account
- EURUSD: $3.5 per side
- USDJPY: $3.5 per side
- GBPUSD: $4.5 per side
- XAUUSD (Gold): $8 per side
- XAGUSD (Silver): $50 per side + average spread of 0.5 pips
While zero spreads provide an advantage, failing to consider trading commissions can impact overall profitability.
At Exness, traders need to choose an account type based on both spreads and trading commissions.
For scalping or other high-frequency trading strategies, carefully consider total trading costs before selecting an account type.
Open an account with Exness today!
How Do Gold Spreads Differ by Account Type at Exness?
Gold (XAUUSD) is a highly volatile asset, and many traders engage in high-leverage trading with overseas FX brokers.
Some traders specialize in gold trading, and long-term projections suggest that its value may continue to rise.
Here’s how gold spreads vary by account type at Exness:
| Account Type | Spread |
| Standard Account | 20 pips |
| Standard Cent Account | 20 pips |
| Pro Account | 12.5 pips |
| Zero Account | 0 pips |
| Raw Spread Account | 6.2 pips |
* The above spreads apply to XAUUSD (gold traded against the US dollar) as of April 2024. Please check the official website for the latest spread values.
It's surprising that the Zero Account offers 0-pip spreads on gold, but both the Zero and Raw Spread accounts charge additional trading fees.
Gold Trading Fees
- Zero Account: $8 per side ($16 round trip) trading fee.
- Raw Spread Account: $3.5 per side ($7 round trip) trading fee.
Considering the total cost, choosing the Pro Account with a fixed spread and no trading fees is also a viable option.
It's essential to consider total trading costs when selecting an account to avoid unexpected expenses.
How Do Bitcoin Trading Spreads and Fees Differ by Account Type at Exness?
Here’s a comparison of trading spreads and fees for Bitcoin-related instruments at Exness:
| Instrument | Standard Account | Pro Account | Zero Account | Raw Spread Account |
| BTCAUD | 158.6 pips | 99.1 pips | 60.3 pips + $7.69 | 73.2 pips + $3.5 |
| BTCCNH | 951.85 pips | 594.9 pips | 328.3 pips + $12.65 | 460.6 pips + $3.5 |
| BTCUSD | 910 pips | 569 pips | 362.75 pips + $5.75 | 407.85 pips + $3.5 |
| BTCJPY | 1370.5 pips | 856.6 pips | 563.9 pips + $5 | 610.45 pips + $3.5 |
* The above figures are estimates. Please check MT5 or another trading platform for real-time spread values.
At Exness, spreads may widen during high-volatility periods or low-liquidity times, such as early mornings in Japan or major holidays.
Be mindful of trading costs during these times.
Exness vs. Other Overseas Forex Brokers: Spread Comparison
Exness is known for offering relatively tight spreads compared to other overseas forex brokers, making it a cost-effective option for traders.
Before opening an account, many traders may want to compare Exness’s spreads with other brokers to see how significant the differences are.
Here is a comparison of the Standard and Pro accounts from Exness with other major overseas brokers.
Comparing Exness's Standard Account with Other Brokers
First, let's compare the Standard Account spreads of Exness with those of other overseas forex brokers:
| Broker | USD/JPY | EUR/JPY | Gold |
| Exness | 1.1 pips | 1.9 pips | 2.0 pips |
| XMTrading | 1.5 pips | 2.1 pips | 2.5 pips |
| FXGT | 1.7 pips | 2.1 pips | 2.5 pips |
| AXIORY | 1.4 pips | 1.3 pips | 3.8 pips |
As seen in the table, Exness offers some of the tightest spreads among popular overseas forex brokers.
For traders looking to minimize trading costs, this is a significant reason to choose Exness.
Comparing Exness's Pro Account with Other Brokers
Next, let's compare the spreads of Exness’s Pro Account with similar accounts from other brokers:
| Broker | USD/JPY | EUR/JPY | Gold |
| Exness | 0.7 pips | 1.2 pips | 1.25 pips |
| XMTrading | 0.6 pips | 1.2 pips | 1.5 pips |
| FXGT | 0.3 pips | 0.6 pips | 1.5 pips |
| AXIORY | 1.4 pips | 1.0 pips | 1.5 pips |
While spread values vary slightly in the Pro Account category, Exness still ranks among the brokers with the tightest spreads.
For traders who want to keep trading costs to a minimum, Exness remains a top choice.
Why Does Exness Offer Tighter Spreads?
When compared to other overseas forex brokers, the reason Exness offers tight spreads is quite clear.
Why doesn’t Exness need to widen its spreads?
Reasons for Tight Spreads
- Exness does not offer account opening bonuses, deposit bonuses, or trading bonuses.
- Since there is no need to allocate costs for bonuses, Exness can provide tighter spreads than brokers that do offer such incentives.
The company officially states that it does not offer bonuses, and it is unlikely that Exness will introduce them in the future.
This makes Exness one of the forex brokers offering the tightest spreads in the industry, allowing traders to access a wide range of financial instruments at minimal cost.
Spreads Are a Major Revenue Source for Forex Brokers
Why do forex brokers widen spreads in the first place?
What Is a Spread?
- A spread is the difference in pip value between the BID (sell) and ASK (buy) prices of a financial instrument, representing the cost traders pay when placing an order through a broker.
- For market maker brokers like Exness, spreads serve as a primary source of revenue.
While wider spreads generate more profit for brokers, they also mean traders pay higher transaction costs.
Overseas brokers that offer generous bonuses often have wider spreads compared to Exness.
However, some forex brokers now provide specialized account types with no bonuses but lower spreads, allowing traders to choose an option that best suits their trading style.
Choosing a forex broker based on your preferred trading strategy is highly recommended.
Open an account with Exness today!
Frequently Asked Questions About Exness Spreads
After reading this article, you now understand that Exness is a forex broker offering tight spreads.
With both fixed and variable spreads applied, Exness may seem a bit complex at first.
Here, we’ve compiled some frequently asked questions about Exness spreads to help you navigate your trading decisions.
What Is Exness's Early Morning Spread?
Answer
- Exness's early morning spread refers to the spread during the 7 AM hour in Japan (6 AM during daylight saving time).
- During this period, overall market trading volume decreases, leading to wider spreads. Traders should be aware of this when trading.
- Even instruments with fixed spreads often transition to variable spreads during this time, so be mindful of spread fluctuations.
- Some traders take advantage of price movements during early morning spreads, so it is not necessarily an unfavorable time to trade.
- The key factor is determining what trading strategy aligns best with your goals.
How Wide Is Exness’s Gold Spread?
Answer
- As of February 20, 2024, the average gold spread at Exness varies by account type:
- Standard Account: 20 pips, Standard Cent Account: 20 pips, Pro Account: 12.5 pips, Zero Account: 0 pips, Raw Spread Account: 6.2 pips.
- The Zero Account allows trading with zero spreads, but a commission of $8 per side applies.
- Traders with a swap-free status can trade without swap fees, further reducing trading costs.
Does Exness's Spread Change Depending on the Time of Day?
Answer
- Exness offers fixed spreads for EURUSD, XAUUSD, GBPUSD, USDJPY, GBPJPY, USDCAD, AUDUSD, USDCHF, EURJPY, and EURGBP.
- However, even for these fixed-spread pairs, spreads may become variable at the start or end of trading hours.
- Factors that influence spreads include market volatility, economic news, unexpected events, and market opening/closing times.
- Since spreads naturally fluctuate depending on the timing, traders should always account for possible spread changes when executing trades.
Should You Choose Exness for Trading During High-Spread Hours?
Answer
- Even during high-spread hours, Exness often offers lower spreads compared to other overseas forex brokers.
- Therefore, choosing a broker based solely on trading hours may not be the best approach.
- Exness provides advantages such as unlimited leverage and swap-free status, making it a cost-effective option.
- Although Exness does not offer bonuses, its ease of use and smooth withdrawal process make it a strong choice for traders.
How Are FX Currency Pair Spreads Calculated at Exness?
Answer
- Calculating spreads for currency pairs at Exness is simple—it is the difference between the BID (sell) price and the ASK (buy) price.
- For example, if the BID price is 1.11113 and the ASK price is 1.11125, the spread is 0.00012, which equals 1.2 pips.
- The official website displays the average spread from the previous trading day, while MT4/MT5 platforms, Exness Terminal, and the Exness Trade app show real-time spreads.
Exness is one of the leading overseas forex brokers offering tight spreads for traders.
Open an account with Exness today!
What Kind of FX Broker is Exness? Reasons to Choose and Recommended Points
Exness is one of the few FX brokers offering unlimited leverage, making it popular among both beginners and experienced traders.
Below, we outline the key features, advantages, and differences that set Exness apart from other brokers.
Recommended Points of Exness as an FX Broker
Recommended Points
- Unlimited leverage (approximately 2.1 billion times) enables highly efficient trading.
- No stop-out (forced liquidation) until the margin level reaches 0%, with an additional stop-out protection feature.
- Supports high-value withdrawals with fast bank transfers, earning a strong reputation for quick payouts.
- Comprehensive Japanese customer support, including live chat (8:00 AM – 12:00 AM on weekdays) and 24-hour email responses (typically within one business day).
- Holds a securities dealer license issued by the Seychelles Financial Services Authority (license number: SD025).
- The Exness group collectively holds seven financial licenses, ensuring high safety and credibility.
- Over 800,000 active traders worldwide and a workforce of over 2,400 employees, making it one of the largest FX brokers globally.
- No restrictions on trading strategies or positions, offering a highly flexible trading environment.
- No penalties for hedging across multiple accounts or even between different brokers.
- Offers five account types, all with industry-leading low spreads.
- No bonuses, but provides account types tailored for scalping traders.
Summary of Exness Basic Specifications
| Account Opening Bonus | Deposit Bonus | Leverage |
| None | None | Unlimited |
| Spread | Financial License | Zero Cut |
| Average 1.7 pips | Seychelles Government | Applied |
| Deposit Methods | Withdrawal Methods | Customer Support |
| 11 Types | 11 Types | Every Time |
Exness is ideal for those seeking a flexible trading environment and maximizing capital efficiency.
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Is Exness’s Spread Wide? Do Spreads Widen at Certain Times? Summary
In this article, we examined whether Exness offers tight spreads or if it is considered a broker with wide spreads.
We also covered how spreads fluctuate depending on the time of day and the fundamental rules governing spreads at Exness.
Summary
- Exness implements both fixed and variable spread systems.
- Fixed spreads apply to EURUSD, XAUUSD, GBPUSD, USDJPY, GBPJPY, USDCAD, AUDUSD, USDCHF, EURJPY, and EURGBP, remaining stable about 90% of the time.
- Exness displays spreads differently on its official website versus MT4 and MT5. The official website shows the average spread from the previous trading day.
- The Standard Account at Exness offers significantly tighter spreads compared to other overseas forex brokers.
- The Zero Account provides zero spreads for the top 30 financial instruments 95% of the time during daytime trading hours.
- Exness does not offer bonuses such as account opening, deposit, or trading bonuses, allowing it to maintain tighter spreads.
＜＜Times When Spreads May Widen＞＞
- Changes in market volatility
- Release of economic news and updates
- Unexpected economic events
- Market opening and closing hours
Exness offers tighter spreads compared to other FX brokers, reducing trading costs.
Since both fixed and variable spreads are available, the best choice depends on the currency pair you plan to trade.
For traders looking for a forex broker with lower trading costs, Exness is a recommended option.
Exness Offers Numerous Trading Opportunities with Risk-Free High Leverage.
Exness is highly regarded as an FX broker that provides a vast number of trading opportunities and allows traders to engage in high-leverage trading across various financial instruments without risk.
Open an account with Exness today!
For those who want to learn more about Exness's features, key advantages, and what makes it a top choice among traders, this article will provide valuable insights.
Recommended Article → What is Exness Reputation? Financial Licenses and Basic Specifications.