Exness is a Forex and CFD broker that offers online trading services globally. The broker is reputed for its ultra-fast execution, 0% stop-out level, and instant fund withdrawal processing. Additionally, it is known for offering unlimited leverage. Regulated in two tier 1, two tier 2, and four tier 4 jurisdictions, Exness provides a secure trading environment. If you are a trader in Indonesia, you may wonder if Exness operates in your country.
The answer is ‘Yes’, Exness operates in Indonesia. In this article, we will dive deeper into Exness for the traders of Indonesia, exploring its advantages and disadvantages. We will also cover the account opening process, deposit and withdrawal options, and more.
Is Exness Available in Indonesia?
Yes, Exness is available in Indonesia. It is an online forex broker that offers its services worldwide including in Indonesia. The broker is regulated in different jurisdictions worldwide including CySEC, FCA, CMA, FSCA, FSA in Seychelles, CBCS, FSC (Mauritius), and FSC (BVI), Traders from Indonesia can trade under its global entity (Exness “SC” Ltd). Exness (SC) Ltd is regulated by the Financial Services Commission (FSA) in the Seychelles FSA with the Securities Dealer’s license number SD025.
Exness Overview
- Founded In: 2008
- Founder: Petr Valov, Igor Lychagov
- Headquarters: Limassol, Cyprus
- Trading Instruments: 200+ Trading Instruments including Forex, CFDs, Cryptocurrencies, Stocks CFDs, Commodity CFDs
- Minimum Deposit: as low as $1 for standard accounts, $200 for Pro, Raw Spread, and Zero accounts.
- Maximum Leverage: 1:Unlimited (condition apply) or 1:2000 for FCS, CFCS, 1:30 for ASIC, CySEC jurisdiction, 1:400 for CMA Jurisdiction
- Regulations: FCA, CySEC, CMA, CBCS, FSCA, (FSC) in BVI, (FSC) in BVI Mauritius, FSA in Seychelles
- Trading platform: MT4, MT5, MetaTrader WebTerminal, MetaTrader Mobile, Exness Trade App, Exness Terminal
- Account Types: Standard, Pro, Raw Spread, Zero
- Payment Options: VISA, MasterCard, AstroPay, Bitcoin, Boleto, CASHU, FasaPay, Local Bank Deposits, Local Bank Transfers, Neosurf, Neteller, Oxxo, PerfectMoney, Skrill, Tether (USDT), WebMoney
- Funding Currencies : 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, ZAR,
- US Traders: Not Accepted
Is Exness Legal in Indonesia?
Yes, Exness is legal in Indonesia. Being a global forex broker, Exness is regulated by top-tier authorities worldwide. Moreover, no restrictions on Exness are imposed by any authorities in Indonesia. Therefore, you can trade forex confidently with Exness in Indonesia without any legal concerns
Is Exness Safe and Trustworthy in Indonesia?
Yes, Exness is committed to providing a safe and trustworthy trading environment for traders worldwide including in Indonesia. Here’s how Exness ensures your funds’ safety:
Top Tier Regulations
Exness is regulated by top regulatory authorities including CySEC, FCA, CMA, FSCA, FSA in Seychelles, CBCS, FSC (Mauritius), and FSC (BVI). These regulatory bodies set stringent standards and conduct regular audits to ensure the broker’s compliance with industry best practices. These multi-layered regulatory frameworks enhance transparency and accountability which gives you peace of mind as you trade.
Segregated Clients Fund
Exness takes great care of client funds by storing them in separate bank accounts across various locations. This ensures that clients’ money is clearly distinguished from the company’s funds. As a result, neither Exness nor its creditors can access or control clients’ funds.
Negative Balance Protection
Exness offers negative balance protection to its retail clients. This feature ensures that your account balance can never go below zero. It prevents you from incurring debts beyond your initial investment. It’s an additional layer of security that shields you from extreme market volatility and unexpected price movements.
Investor Protection
Exness provides investor protection to clients in the ASIC and CySEC jurisdictions. However, it doesn’t extend this protection to its global entity (FSA Jurisdiction). As a resident of Indonesia, the investor protection scheme might not apply to you. Still, this scheme shows Exness’s dedication to looking after its clients’ interests and upholding the highest regulatory standards.
How to Start Trading with Exness in Indonesia? 5 Simple Steps.
To start trading with Exness, you need to open a trading account with them. Exness requires KYC verification for your registration process. The registration procedure may take only 5 to 7 minutes to complete.
1. Profile Registration:
To register your profile on the Exness platform, visit their website and find the registration form. Fill in your email address, country of residence, and password in the designated fields. Follow the instructions provided to complete the registration process. After submission, Exness will send a verification email to the address you provided. Make sure to check both your inbox and spam folder for this email. Click on the verification link in the email to confirm your registration. This whole process can be completed conveniently using a personal computer, smartphone, or the Exness mobile application.
2. Make a Deposit:
Once your profile is registered, determine the initial deposit amount required based on your chosen account type, whether it’s a Standard or Professional account. Log in to your Personal Area (PA) on the Exness platform and go to the Deposit tab. Choose your preferred payment method from the available options and follow the instructions to make your first deposit. Keep in mind that trading options remain disabled until the minimum deposit requirements are met. If you attempt to open a trade without making a deposit, you will receive an error message indicating “Trade is Disabled.”
3. Select a Trading Platform:
Exness offers a variety of trading platforms for your convenience. These include the Exness Trade App, Exness Terminal, MetaTrader 4/5 Desktop Terminals, MT4/MT5 Web Terminal, and MetaTrader Mobile Terminals. Depending on your preference and device, choose the platform that best suits your needs. Log in to your selected platform using your Exness credentials to access the features and functionalities it offers.
5. Add Trading Instruments:
Exness provides a wide range of trading instruments, including Forex, Commodities, Stocks, and Indices. To add instruments to your chosen trading platform, simply follow the respective instructions.
- Exness Terminal:
- On the Exness Terminal, search for instruments using the search bar and select them to view their charts.
- Exness Trade App:
- In the Exness Trade app, navigate to the Trade tab to select instruments from the displayed list or search for specific ones.
- Metatrader Platforms:
- For MetaTrader platforms, add trading instruments to your Market Watch for easy access during trading.
5. Calculate Margin:
Margin refers to the reserved amount needed to open and maintain a leveraged trading position. Use Exness’s Investment Calculator to calculate the required margin for any instrument at any leverage. Ensure that you have enough funds in your account to open and maintain trades effectively. Additionally, stay informed about market trading hours, instrument trading hours, summer/winter trading hours, and any daily breaks. Check Exness’s website for comprehensive information on trading hours for all instruments offered.
6. Start Trading:
Once you’ve completed the necessary preparations, you’re ready to start trading on the Exness platform. On the Exness Terminal, initiate a trade by clicking “Sell” or “Buy” on the chart of your chosen instrument. Set the order volume, and pending orders, take profit, and stop loss according to your trading strategy. Confirm the trade to execute it successfully. To close a trade, simply locate the order in the Portfolio tab and click the “x” icon. Monitor your trades closely and manage them effectively to optimize your trading experience.
How to Deposit Funds on Exness in Indonesia.
Depositing funds on Exness is easy and simple in Indonesia. Here are the steps
- Log in to your Exness account using your username and password.
- Click on the ‘Funding’ section, usually found in your account dashboard.
- Choose how you want to deposit money. You can use a credit/debit card, bank transfer, or an e-wallet.
- Enter the amount you want to deposit.
- Fill in any required information, like your card details or bank account information.
- Check everything carefully to make sure it’s correct.
- Click to confirm the deposit.
- Wait for the deposit to go through. It might happen right away or take a bit of time, depending on your chosen method.
- Once it’s done, the money will be in your Exness account, ready for you to start trading.
How to Withdraw Funds From Exness in Indonesia
Withdrawing funds from Exness is almost the same for all countries, including Indonesia. Here are the steps to follow.
- Log in to your Exness account using your username and password.
- Go to the ‘Withdraw Funds’ section, typically located in your account dashboard or under the ‘Funding’ tab.
- Select the withdrawal method you prefer. Common options include bank transfer, credit/debit card, or e-wallet.
- Enter the amount you wish to withdraw.
- Provide any necessary details, such as your bank account information or e-wallet address.
- Double-check all the information to ensure accuracy.
- Confirm the withdrawal request.
- Wait for the withdrawal request to be processed. Depending on the withdrawal method and Exness’s processing times, this may take some time.
- Once processed, the funds will be transferred to your chosen withdrawal method and should appear in your designated account.
Pros and Cons of Exness for Indonesia Traders
Pros :
- Top tire regulations ( FCA, CySEC, FSC, FSA-S SBCS, FSCA, BVI FSC, and so on.
- The maximum leverage is as high as 1:2000
- The minimum deposit is as low as $1
- Free VPS hosting; to qualify, you need to trade for a minimum of 14 days and lifetime deposits of $500;
- Competitive spreads starting from 0.3 pips on standard accounts
- Swap-Free/Islamic Account Provided
- Scalping, EA Trading, and Copy Trading are allowed
- Instant Withdrawal of Money 24/7
Cons :
- No Passive investment programme ( PAMM, MAM Accounts)
- No Ctrader, Tradingview, zuletrade offered
- US Traders are not accepted
- Only MT4 and MT5 Trading Platforms
- Limited educational resources
- FCA and CySEC regulations are only for B2B purposes. No retail clients are accepted under these licenses
Features of Exness for the Traders in Indonesia
The traders of Indonesia are under FSA regulation. Here are the features of Exness in Indonesia.
Leverage
Leverage is a powerful tool in forex trading. It enables traders to control larger positions with a smaller amount of capital. Exness offers leverage based on the jurisdiction in which you trade. For example, Indonesia falls under the FSA Jurisdiction. The leverage of Exness in Indonesia ranges from 1:1 to Unlimited. The maximum leverage of the IC Market in Indonesia is Unlimited :1. You can change the leverage on your trading account via your Client Area of Exness. Here are the maximum leverage options offered by Exness in different jurisdictions:
- CySEC Jurisdiction: Between 2:1 and 30:1
- ASIC Jurisdiction: Between 2:1 and 30:1
- FSA Jurisdiction: Between 1:1 and Unlimited (Condition apply) or 2000:1
- CMA Jurisdiction: up to 400:1
- CBCS Jurisdiction: Between 1:1 and 1:unlimited ( condition apply) or 2000:1
- FSC (BVI) Jurisdiction: Between 1:1 and 1:unlimited (Condition Apply) or 2000:1
Note: Exness accepts clients only in 4 jurisdictions including CMA (Exness (KE), FSA Seychelles (Exness (SC) LTD) , CBCS (Exness B.V.), and FSC in BVI.
Unlimited Leverage Condition:
Unlimited leverage is available for selection when the following criteria on the account are observed:
- Account funds (Equity) are less than 1000 USD.
- The total trade volume across all real accounts in the Personal Area is 5 or more lots (500 or more Cent lots).
- The total number of closed transactions across all real accounts in the Personal Area is 10 or more, excluding pending orders.
When those requirements are not met, the maximum leverage by default is 1:2000
Minimum Deposit
The minimum deposit of Exness depends on account types, payment methods, and trading instruments. For example, the minimum deposit for Exness standard account is as low as $1 (depending on payment methods), $200 for other account types(Pro, Zero, and Raw Spread). This means that to open an account and start trading with Exness, you need to deposit as little as $1 for a standard account or $200 for other types. This minimum deposit amount provides traders with access to the platform, enabling them to trade in various financial markets, including forex, commodities, indices, and more.
The Minimum deposit of Exness based on account types is as follows
- Standard Account: as low as $1 (depending on payment methods)
- Standard Cent Account: as low as $1 (depending on payment methods)
- Pro Account: Starting from $200
- Raw Spread Account: Starting from $200
- Zero Account: Starting from $200
Fees : ( Spreads and Commissions)
Exness fees and commissions depend on the type of account you choose. The broker offers 5 account types: Standard, Standard Cent, Pro, Raw Spread, and Zero.
The commission and fees of these accounts are as follows:
- Standard Account: Spread from 0.2 pips
- Standard Cent Account: Spread from 0.3 pips
- Pro Account: Spread from 0.1 pips
- Raw Spread Account: from USD $0 to $3.50 per lot per one side.
- Zero Account: Starting from USD 0.05/lot per side + spread starting from 0.0 pips
Trading Platform
Exness provides a variety of trading platforms for traders worldwide, including those in Indonesia. These platforms include:
- MT4
- MT5
- Exness Web terminal and Exness Trade apps
Each of these platforms offers advanced charting tools, a wide range of technical indicators, and rapid execution. You can use any platform according to your preference
Account Types:
Exness offers five account types including Standard, Standard Cent, Pro, Raw Spread, and Zero). Each account type has its own trading options and facilities.
Moreover based on the Clients Profile, Exness offers an account of Two kinds
- Individual Account
- Standard Account
- Professional Account
- Corporate Account
These accounts and profile types provide the traders in Indonesia with the flexibility to open a trading account that suits their needs.
Financial Instruments:
Exness offers 200+ trading instruments in Indonesia including Forex Trading
- Forex
- Commodities
- Indices
- Stocks
- Cryptocurrencies
Note: Crypto Trading is not available in its CMA entity (Exness (KE) Limited).
These trading instruments allow traders to diversify their portfolios and capitalize on different market trends.
Trading Hours:
Exness ensures that traders in Indonesia can engage with the markets at their convenience, offering a 24/5 trading schedule. This means that from Sunday evening to Friday evening (Indonesia local time), traders have the opportunity to access and manage their positions. This extended trading window accommodates traders with different schedules and time zones which allow them to capitalize on market movements whenever they see fit. Trading hours of Exness include winter trading hours, and Summar Trading Hours
Here are the trading hours of Exness:
Customer Support:
Exness has dedicated customer support for all its entities. They are professional and responsive. Exness offers customer support with the following means
- Live Chat
- Phone Support
- Email Support
- Call Back Request:
What countries are restricted on Exness?
Exness is a global forex broker offering services worldwide. However, due to regulatory requirements and business decisions, Exness does not accept clients from many countries. These countries include:
United States of America, Canada, Israel, and the Islamic Republic of Iran
Countries Where Exness is not Available:
Aside from the restricted countries, there are numerous countries where Exness does not accept clients. Here is the complete list of countries where Exness’ service is either restricted or unavailable.
- Common List:
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, U.S. Virgin Islands, United States Minor Outlying Islands, and Vatican City.
- North America: Canada, Greenland
- Oceania: Vanuatu, New Zealand, Tokelau (part of NZ), Palau, Kiribati, Norfolk Island, Australia, Fiji, Samoa, Micronesia (Federated States of), Tuvalu
- Africa: Seychelles, Central African Republic, Sudan/South Sudan, Mauritius
- Middle Eastern countries: Israel, Syria, Palestinian Territory, Western Sahara, Iraq, Yemen, Iran, and Afghanistan.
- Asian countries: North Korea, Singapore, Malaysia, Myanmar, Russia,
- Latin and Central America: Uruguay, Nicaragua, Cuba, The Bahamas
- Caribbean: Barbados, Saint Martin, Haiti, Saint Vincent and Grenadines
- Antarctica: Antarctica
- European countries: Albania, Austria, Belarus, Macedonia, Cyprus, Denmark, Bosnia and Herzegovina, France, Greece, Svalbard Jan Mayen, Italy, Kosovo, Lichtenstein, Luxembourg, Monaco, Netherlands, Portugal, San Marino, Slovenia, Sweden, Ukraine, Andorra, Belgium, Bulgaria, Croatia, Czech Republic, Estonia, Finland, Germany, Hungary, Iceland, Ireland, Latvia, Lithuania, Malta, Norway, Poland, Romania, Slovakia, Spain, Switzerland, United Kingdom
- French territories:
- Reunion, French Guiana, French Polynesia, New Caledonia, Saint-Pierre and Miquelon, Guadeloupe, Mayotte, French Southern Territories, Saint Barthélemy, Wallis and Futuna
- Finland regions: Aland Islands
- Netherland territories: Sint Maarten, Caribbean Netherlands, Curaçao
- Denmark territories: Faroe Islands
- Norway territories: Bouvet Island
- British overseas territories: Gibraltar, Cayman Islands, The Turks and Caicos, British Indian Ocean Territory, Saint Helena, Bermuda, Falkland Islands, Anguilla, South Georgia and the South Sandwich Islands, Pitcairn Islands, British Virgin Islands
Frequently Asked Questions (FAQ)
Here are the most common questions asked by traders and investors.
What is Exness?
Founded in 2009, Exness is a forex and CFD broker that offers trading services to traders and investors. Exness offers a wide range of trading instruments including Forex, Commodities, Indices, Stocks, and Cryptocurrencies. The maximum leverage of Exness is as high as Unlimited:1 (condition apply) or 2000:1.
Does Exness Work in Indonesia?
Yes, Exness works in Indonesia. You can open a trading account with Exness in Indonesia. You can also trade 200+ trading instruments in Indonesia including forex, commodities, Indices, Currency Indices, Cryptocurrencies,
Is Exness Good for Beginners in Indonesia?
Yes, Exness is good for both beginners and experienced traders. The broker is regulated by multiple jurisdictions, offering an easy-to-use interface, a wide range of trading instruments, fast execution, and a variety of deposit and withdrawal methods. Additionally, the broker accepts a low minimum deposit, which is beginner-friendly.
Does Exness Have an Office in Indonesia?
No, Exness does not have an office in Indonesia. However, it has registered offices in several locations including the UK, Cyprus, Seychelles, Kenya, and on. Even though it doesn’t have an office in Indonesia, traders from Indonesia can communicate with Exness through live chat, phone calls, emails, and by requesting a callback. Here are the Exness registered entities and their offices.
- Exness CY Limited: Porto Bello, 1 Siafi Street, Office 401, 3042, Limassol, Cyprus
- Exness (SC) Ltd: F20, 1st floor, Eden Plaza, Eden Island, Seychelles
- Exness ZA (Pty) Ltd: Offices 307 & 308 Third Floor, North Wing, Granger Bay Court, V&A Waterfront, Cape Town, South Africa
- Exness BV (Curacao): Emancipatie Boulevard, Dominico F. “Don” Martina 31, Curaçao
- Exness UK Limited: 107 Cheapside, London, EC2V 6DN, United Kingdom
- Exness (VG) LTD: Trinity Chambers, P.O. Box 4301,
- Road Town, Tortola
- Exness (KE) Ltd: The Courtyard, 2nd Floor, General Mathenge Road, Westlands, Nairobi, Kenya
Does Exness offer Islamic Accounts (Swap Free Accounts) in Indonesia?
Yes, Exness offers swap-free Islamic accounts in Indonesia. The broker offers Islamic profiles for all clients of the Muslim faith only. A swap-free Islamic Forex account is a type of trading account that adheres to Islamic principles, specifically avoiding the payment or receipt of interest (known as “riba” in Islamic finance). In conventional Forex trading, positions held overnight may incur swap fees or interest charges, but with a swap-free Islamic account, these fees are waived. Here is the full list of countries where Exness offers swap-free Islamic accounts: They Include
Algeria (DZ), Azerbaijan (AZ), Bahrain (BH), Bangladesh (BD), Brunei (BN), Chad (TD), Comoros (KM), Côte d’Ivoire (CI), Djibouti (DJ), Egypt (EG), Indonesia (ID), Jordan (JO), Kazakhstan (KZ), Kuwait (KW), Kyrgyzstan (KG), Lebanon (LB), Libya (LY), Maldives (MV), Mauritania (MR), Morocco (MA), Niger (NE), Oman (OM), Pakistan (PK), Qatar (QA), Saudi Arabia (SA), Senegal (SN), Tajikistan (TJ), Tunisia (TN), Turkiye (TR), Turkmenistan (TM), United Arab Emirates (AE), Uzbekistan (UZ)
Does Exness offer any Bonus in Indonesia?
No, Exness currently does not offer any bonus
Does Exness Offer Demo Accounts for Traders in Indonesia?
Yes, Exness offers demo accounts for traders in Indonesia. These demo accounts allow beginners to practice trading with virtual funds in a risk-free environment. It’s a valuable tool for honing your trading strategies, familiarizing yourself with the platform, and gaining confidence before you start trading with real funds. The default validity of the Exness demo account is 30 days. You may extend the validity by contacting Exness support.
Is Exness Regulated in Indonesia?
No, Exness is not regulated in Indonesia. However, Exness is regulated by top-tier regulatory authorities such as CySEC, FCA, CMA, FSCA, FSA in Seychelles, CBCS, FSC (Mauritius), and FSC (BVI). These regulatory frameworks provide traders in Indonesia with the assurance of a secure and compliant trading environment.
Does Exness offer negative balance protection in Indonesia?
Yes, Exness offers negative balance protection to retail clients in Indonesia. This means that if your account balance goes negative due to market fluctuations or other factors, Exness will bring your balance back to zero. It’s an important safety feature that ensures traders won’t owe more than they initially deposited. However, it’s worth mentioning that this protection does not apply to professional traders(pro traders).
Does Exness offer Investor Protection for the traders of Indonesia?
No, Exness does not extend investor protection to traders in Indonesia. Indonesia falls under the jurisdiction of the FSA. Exness does not offer an investor protection scheme in FSA jurisdiction. Moreover, the broker does not accept retail clients from FCA and CySEC jurisdictions.
Bottom Line:
Exness is an online forex and CFD trading platform that offers a wide range of trading options, including Forex, commodities, indices, cryptocurrencies, shares, and CFDs. Being regulated by top authorities adds an extra layer of trust and security for investors. With user-friendly platforms like MT4, MT5, and Exness traders in mobile, desktop, and web versions, Exness ensures accessibility and convenience for traders.
Additionally, features like Social copy trading, and demo accounts, Islamic accounts, enhance the trading experience. Therefore, for those in Indonesia seeking a reliable forex broker, Exness stands as a solid option. It provides all the necessary tools and support required for successful online trading
Disclaimer: Trading forex and CFDs comes with the risk of losing your trading capital.