How to Trade Forex and Withdraw Money on Exness

Exness provides a robust trading platform for forex traders, offering a wide range of tools and features to facilitate successful trading. To fully utilize Exness, it's essential to understand both how to trade forex effectively and how to withdraw your earnings securely.

This guide will walk you through the process of trading forex on Exness and withdrawing your funds, ensuring a smooth and efficient trading experience from start to finish.
How to Trade Forex and Withdraw Money on Exness


How to Trade Forex on Exness

In order to start trading, you need to know how to place a new order on Exness, let us take you through the steps.
 

How to place a New Order on Exness MT4

Right-click the chart, Then click “Trading" → select “New Order".
Or
Double-click on the currency you want to place an order on MT4. The Order window will appear
How to Trade Forex and Withdraw Money on Exness
How to Trade Forex and Withdraw Money on Exness
Symbol: check the Currency symbol you wish to trade is displayed in the symbol box

Volume: you must decide the size of your contract, you can click on the arrow and choose the volume from the listed options of the drop-down box or left-click in the volume box and type in the required value

Don’t forget that your contract size directly affects your possible profit or loss.

Comment: this section is not obligatory but you can use it to identify your trades by adding comments

Type: which is set to market execution by default,
  • Market Execution is the model of executing orders at the current markets price
  • Pending Order is used to set up a future price that you intend to open your trade.

Finally, you need to decide what order type to open, you can choose between a sell and a buy order

Sell by Market are opened at bid price and closed at ask price, in this order type your trade may bring profit if the price goes down

Buy by Market are opened at ask price and closed at bid price, in this order type your trade may bring profit It the price goes up

Once you click on either Buy or Sell, your order will be instantly processed, you can check your order in the Trade Terminal
How to Trade Forex and Withdraw Money on Exness


How to place a Pending Order on Exness MT4


How Many Pending Orders

Unlike instant execution orders, where a trade is placed at the current market price, pending orders allow you to set orders that are opened once the price reaches a relevant level, chosen by you. There are four types of pending orders available, but we can group them to just two main types:
  • Orders expecting to break a certain market level
  • Orders expecting to bounce back from a certain market level
How to Trade Forex and Withdraw Money on Exness
Buy Stop
The Buy Stop order allows you to set a buy order above the current market price. This means that if the current market price is $20 and your Buy Stop is $22, a buy or long position will be opened once the market reaches that price.
How to Trade Forex and Withdraw Money on Exness

Sell Stop
The Sell Stop order allows you to set a sell order below the current market price. So if the current market price is $20 and your Sell Stop price is $18, a sell or ‘short’ position will be opened once the market reaches that price.
How to Trade Forex and Withdraw Money on Exness

Buy Limit
The opposite of a buy stop, the Buy Limit order allows you to set a buy order below the current market price. This means that if the current market price is $20 and your Buy Limit price is $18, then once the market reaches the price level of $18, a buy position will be opened.
How to Trade Forex and Withdraw Money on Exness

Sell Limit
Finally, the Sell Limit order allows you to set a sell order above the current market price. So if the current market price is $20 and the set Sell Limit price is $22, then once the market reaches the price level of $22, a sell position will be opened on this market.
How to Trade Forex and Withdraw Money on Exness

Opening Pending Orders

You can open a new pending order simply by double-clicking on the name of the market on the Market Watch module. Once you do so, the new order window will open and you will be able to change the order type to Pending order.
How to Trade Forex and Withdraw Money on Exness
Next, select the market level at which the pending order will be activated. You should also choose the size of the position based on the volume.

If necessary, you can set an expiration date (‘Expiry’). Once all these parameters are set, select a desirable order type depending on whether you would like to go long or short and stop or limit and select the ‘Place’ button.
How to Trade Forex and Withdraw Money on Exness
As you can see, pending orders are very powerful features of MT4. They are most useful when youre not able to constantly watch the market for your entry point, or if the price of an instrument changes quickly, and you don’t want to miss the opportunity.

How to close Orders on Exness MT4

To close an open position, click the ‘x’ in the Trade tab in the Terminal window.
How to Trade Forex and Withdraw Money on Exness
Or right-click the line order on the chart and select ‘close’.
How to Trade Forex and Withdraw Money on Exness
If you’d like to close only a part of position, click right-click on the open order and select ‘Modify’. Then, in the Type field, select instant execution and choose what part of the position you want to close.
How to Trade Forex and Withdraw Money on Exness
As you can see, opening and closing your trades on MT4 is very intuitive, and it literally takes just one click.


Using Stop Loss, Take Profit and Trailing Stop on Exness MT4

One of the keys to achieving success in financial markets over the long term is prudent risk management. That’s why stop losses and take profits should be an integral part of your trading.

So let’s have a look at how to use them on our MT4 platform to ensure you know how to limit your risk and maximize your trading potential.


Setting Stop Loss and Take Profit

The first and the easiest way to add Stop Loss or Take Profit to your trade is by doing it right away, when placing new orders.
How to Trade Forex and Withdraw Money on Exness
To do this, simply enter your particular price level in Stop Loss or Take Profit fields. Remember that Stop Loss will be executed automatically when the market moves against your position (hence the name: stop losses), and Take Profit levels will be executed automatically when the price reaches your specified profit target. This means that you’re able to set your Stop Loss level below the current market price and Take Profit level above current market price.

It’s important to remember that a Stop Loss (SL) or a Take Profit (TP) is always connected to an open position or a pending order. You can adjust both once your trade has been opened and you’re monitoring the market. It’s a protective order to your market position, but of course they are not necessary to open a new position. You always can add them later, but we highly recommend to always protect your positions*.


Adding Stop Loss and Take Profit Levels

The easiest way to add SL/TP levels to your already opened position is by a using trade line on the chart. To do so, simply drag and drop the trade line up or down to specific level.
How to Trade Forex and Withdraw Money on Exness
Once you’ve entered SL/TP levels, the SL/TP lines will appear on the chart. This way you can also modify SL/TP levels simply and quickly.

You can also do this from the bottom ‘Terminal’ module as well. To add or modify SL/TP levels, simply right-click on your open position or pending order, and choose ‘Modify or delete order’.
How to Trade Forex and Withdraw Money on Exness
The order modification window will appear and now you’re able to enter/modify SL/TP by the exact market level, or by defining the points range from the current market price.
How to Trade Forex and Withdraw Money on Exness


Trailing Stop

Stop Losses are intended for reducing losses when the market moves against your position, but they can help you lock in your profits as well.

While that may sound a bit counterintuitive at first, its actually very easy to understand and master.

Let’s say you’ve opened a long position and the market moves in the right direction, making your trade a profitable one at present. Your original Stop Loss, which was placed at a level below your open price, can now be moved to your open price (so you can break even) or above the open price (so you are guaranteed a profit).

To make this process automatic, you can use a Trailing Stop. This can be a really useful tool for your risk management, particularly when price changes are rapid or when you’re unable to constantly monitor the market.

As soon as the position turns profitable, your Trailing Stop will follow the price automatically, maintaining the previously established distance.
How to Trade Forex and Withdraw Money on Exness
Following the example above, please bear in mind, however, that your trade needs to be running a profit large enough for the Trailing Stop to move above your open price, before your profit can be guaranteed.

Trailing Stops (TS) are attached to your opened positions, but it’s important to remember that if you have a trailing stop on MT4, you need to have the platform open for it to be successfully executed.

To set a Trailing Stop, right-click the open position in the ‘Terminal’ window and specify your desired pip value of distance between the TP level and the current price in the Trailing Stop menu.
How to Trade Forex and Withdraw Money on Exness
Your Trailing Stop is now active. This means that if prices change to the profitable market side, TS will ensure the stop loss level follows the price automatically.

Your Trailing Stop can easily be disabled by setting ‘None’ in the Trailing Stop menu. If you want to quickly deactivate it in all opened positions, just select ‘Delete All’.

As you can see, MT4 provides you with plenty of ways to protect your positions in just a few moments.

*Whilst Stop Loss orders are one of the best ways to ensure your risk is managed and potential losses are kept to acceptable levels, they don’t provide 100% security.

Stop losses are free to use and they protect your account against adverse market moves, but please be aware that they cannot guarantee your position every time. If the market becomes suddenly volatile and gaps beyond your stop level (jumps from one price to the next without trading at the levels in between), it’s possible your position could be closed at a worse level than requested. This is known as price slippage.

Guaranteed stop losses, which have no risk of slippage and ensure the position is closed out at the Stop Loss level you requested even if a market moves against you, are available for free with a basic account.

Frequently Asked Questions (FAQ)


Currency Pair, Cross Pairs, Base Currency, and Quote Currency

Currency pairs can be defined as the currencies of two countries combined together for trading in the foreign exchange marketplace. Some examples of currency pairs can be EURUSD, GBPJPY, NZDCAD, etc.

A currency pair that does not contain USD is known as a cross pair.

The first currency of a currency pair is called the "base currency", and the second currency is called the "quote currency".


Bid Price and Ask Price

Bid Price is the price at which a broker is willing to buy the first named (base) of a currency pair from the client. Subsequently, it is the price at which clients sell the first named (base) of a currency pair.

Ask price is the price at which a broker is willing to sell the first named (base) of a currency pair to the client. Subsequently, it is the price at which clients buy the first named (base) of a currency pair.

Buy orders open at Ask Price and close at Bid Price.

Sell orders open at Bid Price and close at Ask Price.


Spread

Spread is the difference between the Bid and Ask prices of a particular trading instrument and also the main source of profit for market maker brokers. The value of spread is set in pips.

Exness offers both dynamic and stable spreads on its accounts.


Lot and Contract Size

Lot is a standard unit size of a transaction. Typically, one standard lot is equal to 100 000 units of the base currency.

Contract size is a fixed value, which denotes the amount of base currency in 1 lot. For most instruments in forex, it is fixed at 100 000.


Pip, Point, Pip Size, and Pip Value

A point is the value of price change in the 5th decimal, while pip is the price change in the 4th decimal.

Derivatively, 1 pip = 10 points.

For example, if the price changes from 1.11115 to 1.11135, the price change is 2 pips or 20 points.

Pip size is a fixed number that denotes the position of the pip in the price of an instrument.

For example, for most currency pairs like EURUSD where the price looks like 1.11115, the pip is at the 4th decimal, thus the pip size is 0.0001.

Pip Value is how much money a person will earn or lose if the price were to move by one pip. It is calculated by the following formula:

Pip Value = Number of Lots x Contract size x Pip size.

Our trader’s calculator can be used to calculate all these values.


Leverage and Margin

Leverage is the ratio of equity to loan capital. It has a direct impact on the margin held for the instrument traded on. Exness offers up to 1:Unlimited leverage on most trading instruments on both MT4 and MT5 accounts.

Margin is the amount of funds in account currency that is withheld by a broker for keeping an order open.

The higher the leverage, the lesser the margin.


Balance, Equity, and Free Margin

Balance is the total financial result of all completed transactions and depositing/withdrawal operations on an account. It is either the amount of funds you have before you open any orders or after you close all open orders.

The balance of an account does not change while orders are open.

Once you open an order, your balance combined with the profit/loss of the order makes for the Equity.

Equity = Balance +/- Profit/Loss

As you already know, once an order is opened, a part of the funds is held as Margin. The remaining funds are known as Free Margin.

Equity = Margin + Free Margin


Profit and Loss

Profit or Loss is calculated as the difference between the closing and opening prices of an order.

Profit/Loss = Difference between closing and opening prices (calculated in pips) x Pip Value
 

Buy orders make a profit when the price moves up while Sell orders make a profit when the price moves down.

Buy orders make a loss when the price moves down while Sell orders make a loss when the price moves up.


Margin Level, Margin Call and Stop Out

Margin level is the ratio of equity to margin denoted in %.

Margin level = (Equity / Margin) x 100%

Margin call is a notification sent in the trading terminal denoting that it is necessary to deposit or close a few positions to avoid Stop Out. This notification is sent once Margin Level hits the Margin Call level set for that particular account by the broker.

Stop out is the automatic closure of positions when the Margin Level hits the Stop Out level set for the account by the broker.

There are multiple ways to access your trading history. Let us take a look at them:


How to check your trading history

1. From your Personal Area (PA): You can find your entire trading history in your Personal Area. To access this, follow these steps:
a. Log in to your PA.

b. Go to the Monitoring tab.

c. Select the account of your choice and click All transactions to view your trading history.

2. From your trading terminal:
a. If using MT4 or MT5 desktop terminals, you can access trading history from the Account History tab. However, you should keep in mind that history for MT4 is archived after a minimum of 35 days in order to reduce the load on our servers. In any case, you will still be able to access the trading history from your log files.

b. If using MetaTrader mobile applications, you can check the history of the trades performed on the mobile device by clicking on the Journal tab.

3. From your monthly/daily statements: Exness sends account statements to your mail both daily and monthly (unless unsubscribed). These statements contain the trading history of your accounts.

4. By contacting Support: You can contact our Support Team via email or chat, with your account number and secret word to request account history statements of your real accounts.

How to withdraw money from Exness

Withdrawal rules

Withdrawals can be made any day, any time giving you round-the-clock access to your funds. You can withdraw funds from your account in the Withdrawal section of your Personal Area. You may check the status of the transfer under Transaction History at any time.

However, be aware of these general rules for withdrawing funds:

  • The amount you can withdraw at any time is equal to your trading account’s free margin shown in your Personal Area.
  • A withdrawal must be made using the same payment system, same account, and same currency used as for the deposit. If you have used a number of different payment methods to deposit funds into your account, withdrawals are to be made to those payment systems in the same proportion as the deposits were made. In exceptional cases this rule may be waived, pending account verification and under strict advice of our payment specialists.
  • Before any profit can be withdrawn from a trading account, the full amount that was deposited into that trading account using your bank card or Bitcoin must be completely withdrawn in an operation known as a refund request.
  • Withdrawals must follow the payment system priority; withdraw funds in this order (bank card refund request first, followed by bitcoin refund request, bank card profit withdrawals, then anything else) to optimize transaction times. See more about this system at the end of this article.


These general rules are very important, so we’ve included an example to help you understand how they all work together:

You’ve deposited USD 1 000 total into your account, with USD 700 with a bank card and USD 300 with Neteller. As such, youll only be allowed to withdraw 70% of the total withdrawal amount with your bank card and 30% through Neteller.


Let’s assume that you’ve earned USD 500 and wish to withdraw everything, including profit:

  • Your trading account has a free margin of USD 1 500, making up the total of your initial deposit and subsequent profit.
  • You will first need to make your refund requests, following the payment system priority; i.e. USD 700 (70%) refunded to your bank card first.
  • Only after all refund requests are complete can you withdraw profit made to your bank card following the same proportions; USD 350 profit (70%) to your bank card.
 
  • The purpose of the payment priority system is to ensure that Exness follows financial regulations forbidding money laundering and potential fraud, making it an essential rule without exception.


How to Withdraw Money


Bitcoin (BTC) - Tether (USDT)

We accept withdrawals in cryptocurrencies to make your trading journey more efficient. For that reason, let us explain to you how you can do it.

1. Go to the Withdrawal section in your Personal Area and click Bitcoin (BTC).
How to Trade Forex and Withdraw Money on Exness
2. You will be asked to provide an external Bitcoin wallet address (this is your personal Bitcoin wallet). Find your external wallet address displayed in your personal Bitcoin wallet, and copy this address.

3. Enter the external wallet address, and the amount you wish to withdraw, then click Continue.
 

Take care to provide this exact or funds may be lost and irrecoverable and the withdrawal amount.

How to Trade Forex and Withdraw Money on Exness
4. A confirmation screen will show all the details of your withdrawal, including any withdrawal fees; if you are satisfied, click Confirm.

5. A verification message will be sent to your Exness account’s security type; enter the verification code and then click Confirm.

6. One last confirmation message will notify you that the withdrawal is complete and being processed.
 

See two withdrawal transactions instead of one?

As you are already aware, withdrawal for Bitcoin works in the form of refunds (similar to bank card withdrawals). Therefore, when you withdraw an amount that is more than the non-refunded deposits, the system internally splits that transaction into a refund and a profit withdrawal. This is the reason you see two transactions instead of one.

For example, say you deposit 4 BTC and make a profit of 1 BTC from trading, giving you a total of 5 BTC in total. If you withdraw 5 BTC, you will see two transactions - one for an amount of 4 BTC (refund of your deposit) and another for 1 BTC (profit).

Bank Card

Withdrawals can be made using the following bank cards which are convenient and secure, plus there’s no commission.

  • VISA and VISA Electron
  • Mastercard
  • Maestro Master
  • JCB (Japan Credit Bureau)*

*The JCB card is the only bank card accepted in Japan; other bank cards cannot be used. 

*Minimum withdrawal for refunds is USD 0 for web and mobile platforms, and USD 10 for the Social Trading app.

**Minimum withdrawal for profit withdrawals is USD 3 for web and mobile platforms, and USD 6 for the Social Trading app. Social Trading is unavailable for clients registered with our Kenyan entity.

***The maximum profit withdrawal is USD 10 000 per transaction.


1. Select Bank Card in the Withdrawal area of your Personal Area.
How to Trade Forex and Withdraw Money on Exness
2. Complete the form, including:
 
a. Select the bank card from the dropdown.
b. Choose the trading account to withdraw from.
c. Enter the amount to withdraw in your account currency.

Click Continue.
How to Trade Forex and Withdraw Money on Exness
3. A transaction summary will be presented; click Confirm to continue.
How to Trade Forex and Withdraw Money on Exness
4. Enter the verification code sent to you either by email or SMS (depending on your Personal Area security type), then click Confirm.
How to Trade Forex and Withdraw Money on Exness
5. A message will confirm the request is complete.

If your bank card has expired

When your bank card has expired and the bank has issued a new card linked to the same bank account, the refund process is straightforward. You may submit your refund request in the usual way:
 
  1. Go to Withdrawal in your Personal Area and select Bank card.
  2. Select the transaction related to the expired bank card.
  3. Proceed with the withdrawal process.


However, if your expired card isn’t linked to a bank account because your account has been closed, you should contact the Support Team and provide proof regarding this. We will then inform you what you should do to request a refund on another available Electronic Payment System.


If your bank card has been lost or stolen

In the event that your card has been lost or stolen, and can no longer be used for withdrawals, please contact the Support Team with proof regarding the circumstances of your lost/stolen card. We can then assist you with your withdrawal if the necessary account verification has been satisfactorily completed.

Bank Transfers

Withdrawal of your Exness trading accounts is made convenient with bank transfers, with no commission fees on transactions with this payment method.

1. Choose Bank Transfer in the Withdrawal section of your Personal Area.
How to Trade Forex and Withdraw Money on Exness
2. Select the trading account you would like to withdraw funds from and specify the withdrawal amount in your account currency. Click Continue.
How to Trade Forex and Withdraw Money on Exness
3. A summary of the transaction will be shown. Enter the verification code sent to you either by email or SMS depending on your Personal Area security type. Click Confirm.
How to Trade Forex and Withdraw Money on Exness
4. On the next page you’ll need to select/provide some information, including:

a. Bank name
b. Bank account type
c. Bank account number

How to Trade Forex and Withdraw Money on Exness

5. Click Confirm once the information is input.

6. A screen will confirm the withdrawal has been completed.
 

Wire Transfers

Withdrawing your trading accounts by wire transfer is available to selected countries globally. Wire transfers present the advantage of being accessible, prompt, and secure

1. Select Wire Transfer (via ClearBank) in the Withdrawal section of your Personal Area.
How to Trade Forex and Withdraw Money on Exness
2. Choose the trading account you would like to withdraw funds from, choose your withdrawal currency and the withdrawal amount. Click Continue.
How to Trade Forex and Withdraw Money on Exness
3. A summary of the transaction will be shown. Enter the verification code sent to you either by email or SMS depending on your Personal Area security type. Click Confirm.

4. Complete the presented form, including bank account details and the beneficiary’s personal details; please ensure every field is filled in, then click Confirm.

5. A final screen will confirm that the withdrawal action is complete and the funds will reflect in your bank account once processed.

Electronic Payment Systems (EPS)

Skrill is a very popular electronic payment method available in nearly 200 countries worldwide. Using Skrill can help you transfer money across various sites instantly. 

1. Select Skrill in the Withdrawal section of your Personal Area.
How to Trade Forex and Withdraw Money on Exness
2. Select the trading account you would like to withdraw funds from, and enter your Skrill account email; specify the withdrawal amount in your trading account currency. Click Continue.
How to Trade Forex and Withdraw Money on Exness
3. A summary of the transaction will be shown. Enter the verification code sent to you either by email or SMS depending on your Personal Area security type. Click Confirm.
How to Trade Forex and Withdraw Money on Exness
4. Congratulations, your withdrawal will now begin processing.
 

Note: If your Skrill account is blocked, please contact us via chat or email us at [email protected] with proof that the account has been blocked indefinitely. Our finance department will find a solution for you.

Frequently Asked Questions (FAQ)

Withdrawal fees

No fees are charged when withdrawing, but some payment systems may impose a transaction fee. It’s best to be aware of any fees for your payment system before deciding to use it for deposits.


Withdrawal processing time

The vast majority of withdrawals by Electronic Payment Systems (EPS) are performed instantly, understood to mean that the transaction is reviewed within a few seconds (up to a maximum of 24 hours) without manual processing. Processing times can vary based on the method used, with the average processing typically the length of time to expect, but it is possible to take the maximum length shown below this (Up to x hours/days, for example).

If the stated withdrawal time is exceeded, please contact the Exness Support Team so we can help you troubleshoot.


Payment System Priority

To ensure your transactions reflect in a timely manner, do note the payment system priority put in place to provide efficient service and comply with financial regulations. This means that withdrawals through the listed payment methods should be done in this priority:
  1. Bank card refund
  2. Bitcoin refund
  3. Profit withdrawals, adhering to the deposit and withdrawal ratios explained previously.
The payment system priority is based on your Personal Area as a whole, and not just a single trading account; withdrawals can be made from any trading account regardless.
 

Grace period and withdrawals

Within the grace period, there is no limitation on how much funds can be withdrawn or transferred. However withdrawals cannot be made using these payment methods:
  • Bank Cards
  • Crypto Wallets
  • Perfect Money
You can continue to make withdrawals even after the account is blocked (when the grace period expires), but internal transfers cannot be made once the grace period expires.
 

What should I do if the payment system used for the deposit is not available during the withdrawal?

If the payment system used for deposit is not available during withdrawal, please contact our Support Team via chat, email, or call, for an alternative. We will be happy to help you out.

Note that while this is not an ideal situation, at times we may need to switch off certain payment systems due to maintenance issues on the provider’s end. We regret any inconvenience caused and are always ready to support you.
 

Why do I get an “insufficient funds” error when I withdraw my money?

There may not be enough available funds in the trading account to complete the withdrawal request.

Please confirm the following:
  • There are no open positions on the trading account.
  • The trading account selected for the withdrawal is the correct one.
  • There are enough funds for withdrawal in the chosen trading account.
  • The conversion rate of the currency selected is causing an insufficient amount of funds to be requested.

For further assistance

If you have confirmed these and still get an “insufficient funds” error, please contact our Exness Support Team with these details to be assisted:
  • The trading account number.
  • The name of the payment system you are using.
  • A screenshot or photo of the error message you are receiving (if any).
 

Conclusion: Efficiently Trade and Withdraw Your Funds on Exness

Trading forex and managing withdrawals on Exness is designed to be user-friendly and efficient. By following this guide, you can confidently trade forex and handle your funds with ease. Whether you’re just starting out or looking to optimize your trading strategy, Exness provides the tools and support needed for a successful trading experience. Begin your journey with Exness today, and make the most of your forex trading opportunities while managing your funds effortlessly.