Exness — review & details

In Forex & CFD brokers · By the Rateweb editorial team · How we rate · Details checked 18 Jul 2026

A popular broker in Nigeria offering a true naira account and near-instant local withdrawals - but it markets extreme "unlimited" leverage, which is dangerous for beginners.

Exness

A popular broker in Nigeria offering a true naira account and near-instant local withdrawals - but it markets extreme "unlimited" leverage, which is dangerous for beginners.
★★★★☆
3.9/5 · How we rate
$10 (Standard)
Min Deposit
FSA Seychelles (group: FCA/CySEC/FSCA)
Regulator (Ng)
Up to 1:2000
Max Leverage
Yes
Naira Deposit
MT4, MT5
Platforms
standard
Account
Pros
  • True naira account — no conversion cost
  • Near-instant local withdrawals
  • Long track record (since 2008)
Cons
  • Markets extreme "unlimited" leverage — dangerous
  • Pro/Raw accounts need $500+
  • Offshore entity for NG clients
Fees, eligibility & documents
Fees
Minimum depositVery low (Standard); $500+ for Pro/Raw
SpreadsTight on Raw (commission applies)
NairaTrue naira account; near-instant local withdrawals
Eligibility
  • 18+
  • Broker accepts Nigerian traders
  • You understand the high risk of loss
Documents needed
  • Valid ID
  • Proof of address
  • A naira funding method (bank transfer or fintech)
Visit Exness
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How Exness compares in forex & cfd brokers

Exness scores 3.9/5 in our forex & cfd brokers rankings. Our current top pick is Pepperstone (4.3/5). Always compare a few before you decide — see the full forex & cfd brokers comparison.

Exness
3.9/5 · this page
 Pepperstone
4.3/5
 XM
4.1/5
Min Deposit $10 (Standard) $0 (≈$200 sensible) $5
Regulator (Ng) FSA Seychelles (group: FCA/CySEC/FSCA) CMA Kenya Belize FSC
Max Leverage Up to 1:2000 1:400 1:1000
Naira Deposit Yes No — converts No — converts
Platforms MT4, MT5 MT4, MT5, cTrader, TradingView MT4, MT5
Visit Exness → Visit Pepperstone → Visit XM →

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Details last checked: July 2026

Ratings are Rateweb's editorial opinion. Product details are checked periodically but can change — confirm current terms with the provider before acting. We may earn a commission from some links, at no cost to you.