Who doesn’t know that forex trading is a popular way to make money! And Exness broker has been helping traders to make money since 2008. They offer a variety of account types, including Exness demo account to fit the needs of different traders and have a large selection of currencies to choose from. Further, they have multiple options for trading platforms such as Exness MT4 and Exness MT5. Also, their customer service is excellent, and they offer a wide range of educational materials to help traders learn about forex trading and how to use their platform. What else do you expect from a modern broker? Well, this Exness review will explore them all.
Exness Broker Overview
Exness broker was founded in 2008. It is one of the largest Forex brokers globally, with over 270,000 clients. The company is regulated by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and other few organizations. Exness forex broker offers a wide range of products, including Forex, commodities, indices, CFDs, stocks, cryptocurrencies, and metals. They offer their clients access to the MetaTrader 4, Exness MetaTrader 5 platform, as well as a variety of other trading tools.
Moreover, according to Exness broker review, it offers a wide range of account types, and has a number of features that make them attractive to traders. The company offers its clients access to the global financial markets through its own trading platforms, which are available in more than 20 languages.
Exness Broker Review 2023 Quick Summary
|🏢 Headquarters||Cyprus, UK and Seychelles|
|🗺️ Regulation||CySEC, FCA, the Seychelles FSA, South Africa FSCA, the BVI Financial Services Commission and the Central Bank of Curaçao.|
|🖥 Platforms||Exness MT4, MT5, Exness Terminal, Desktop, Web and Mobile (iOS, Android)|
|📉 Instruments||Forex, Cryptocurrencies, Metals, Energies, Stocks and Indices|
|💳 Minimum Deposit||$10|
|💰 Deposit Methods||Bitcoin, Bank Card, FasaPay, Skrill, Neteller, Perfect Money, Tether, Webmoney|
|📱 Mobile Trading||Available|
|🌍 Web Trading||Available|
|💵Minimum Trade Size||0.01|
|🎢 Maximum Leverage||1: Unlimited|
|☎ Customer Support||24/5 in different languages|
Exness Broker Review: Exness Regulation
Exness brokerage is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA). However, retail clients will no longer get the advantages of the EU and UK regulatory environment. But it will still remain listed at both regulatory authorities. However, these authorities will cover the business-to-business (B2B) side.
All the international retail clients will be regulated under the Seychelles Financial Services Authority (FSA). However, trader funds will still remain segregated from the corporate or B2B clients, along with the advantage of negative balance protection. Besides, as a transparency measurement Exness publishes the financial statement through their website and keeps it open for all. They use two external auditors to publish such statements.
However, as per the Exness review, it provides its service to retail clients via the subsidiary company named Nymstar Limited.
Exness Broker Review: Trading Instruments
As per different Exness forex broker reviews, the company offers a variety of trading instruments to its clients, including forex, commodities, cryptocurrencies, stocks, and indices. The company also offers institutional trading services, as well as risk management and defense strategies.
- Forex: Forex is the most popular instrument, and it allows traders to speculate on the movement of currencies. They offer more than 100 pairs through different Exness account types. Exness brokers offer a floating spread. However, you can get the lowest possible spreads on their Zero account. It is 0.0 pips fixed for 95% of the trading hours.
- Metals: Metals are a popular investment feature because they are physical assets that can be stored and traded easily. It has a variety of metals to choose from, including gold, silver, platinum, and palladium. Customers can trade metals through Exness's online platform, which is user-friendly and easy to use.
- Cryptocurrencies: Exness broker offers more than 20 cryptocurrencies, and you can trade 24/7 with leverage up to 1:400.
- Energies: You can trade oil on the Exness platform. Also, you can get access to other popular commodities.
- Stocks: The company has a long history of providing high-quality stock trading services and has built up a large client base. You can trade some biggest company’s stocks such as Google, Amazon, Tesla, and more.
- Indices: Exness broker will give you access to the popular indices around the world such as S&P 500, FTSE 100, Dow Jones Industrial Average, and more.
Exness Broker Review: Minimum Deposit and Trading Amounts
Exness review suggests that it offers traders a number of different ways to trade the markets. There are a variety of deposit methods to choose from, each with its own set of features and benefits. The minimum deposit and trading amounts vary depending on the methods and account types.
Exness offers a perfect minimum deposit and trading amounts for beginner traders. The Exness minimum deposit ranges from $10-$50, and the minimum trade size is just 0.01 lots. This makes it easy to get started trading with Exness, and you can trade with confidence knowing that your account is fully protected by the broker's negative balance protection policy.
They offer Bitcoin, Bank Card, FasaPay, Skrill, Neteller, Perfect Money, Tether, Webmoney for the deposit methods. All these methods require $10 to deposit except for the FasaPay and Perfect Money as they require $15 and $50, respectively.
Exness Withdrawal Review
Unlike other brokers, Exness doesn't take time for withdrawal. They process all the transactions immediately. Furthermore, the instant transaction feature allows traders to transfer money between the accounts as well as a move to the e-wallets promptly. Traders can initiate the transfer 24/7.
According to Exness broker review, the company provide a flexible fees and commission structure in which the spreads are tight. Further, the Exness broker also offer no commission account for traders’ convenience.
Traders can also get the option to create 0.1 spreads or no commission account. However, anyone can open the Exness cent with $1. However, the Exness cent account holder will have a larger spread starting from 0.3. Besides, the account with the lowest spread or no spread at all will ask for each $1 trading volume, and the amount is $50.
Exness Trading Platforms
Exness broker provides different forex trading platform for investors to buy and sell currencies. The platform is easy to use and has a variety of features that make it a good choice for forex traders. The platform also offers investors the ability to trade stocks, indices, and commodities. Let’s take a deeper look at the Exness trading platform.
The MetaTrader 4 Platform is a trading platform that allows forex traders to trade the currency market. The platform is easy to use and has a variety of features that make it a popular choice for traders. The platform can be used on a computer or a mobile device, making it convenient for traders who are on the go.
According to the statistics, MetaTrader 4 is one of the leading trading platforms. You can get access the MetaTrader 4 through Exness MT4 download for free by opening a trading account at Exness.
Exness MetaTrader 4 offers some unique features, which can enhance your trading experience. The flexible trading features allow you to create your own trading strategy and implement them accordingly. Besides, you can implement your strategies through two order execution types, Instant and Market.
The analytical tools from MetaTrader 4 will also keep you ahead in the game. It offers 23 analytical objects along with 30 built-in indicators. These tools and indicators can help the traders to respond promptly to any market movements.
MT4 comes with a trade automation feature too, which lets you automate your trading fully. Moreover, you can customize the trading robots and create new EAs according to your needs.
You can choose MetaTrader 4 to open Exness demo account mt4.
Exness MetaTrader 5
It was inherited from MetaTrader 4. Exness MT5 enhanced the platform features with improved productivity and performance.
Exness MT5 is available for all account types, which can be launched right from the terminal.
It was built on MetaQuotes language 5, which eliminates some drawbacks of MT4 and increases some functions too.
Furthermore, Exness MetaTrader 5 offers a hedging mode for the traders to take multiple positions. Other tools include charts, timeframes, and fundamental analysis. You can choose MetaTrader 5 to open Exness demo account MT5.
It is not a separate platform; rather, it is a web version of MT4 and MT5 Exness. Unlike desktop version, the web terminal doesn't require installing any software. It is a mirror of the desktop version, which gives you all the features to trade easily and directly.
You can now trade directly from the Exness website by visiting the Exness web terminal page.
The web terminal is built on HTML5, which gives you the fast-trading execution, while the data transferred is encrypted.
Moreover, all these platforms are available for phones and tablets. You can download the apps from google play or the app store for your android and iOS devices. Which ultimately gives you the opportunity to trade from anywhere in the world, even when you are on vacation. Having the platform in your handheld devices is like, you have the forex currencies in your pocket.
Exness Account Types
Although the contract page lists five different account types, it offers two core account types, and they have a different subcategory of these two account types.
The two account types are standard and professional. Two of these accounts offer almost similar features except for a few fundamental differences.
Exness Standard Account Review
Exness standard account is a commission free account, which is a perfect fit for all types of traders, from beginners to experts. This account includes stable Exness spreads, market execution, and no requotes.
However, the standard account provides the service via MetaTrader 4 and MetaTrader 5 platforms. Exness forex broker also offers a standard cent account for the traders via MetaTrader 5 only. Both of these accounts offer the same features, such as a minimum deposit of $1, 1: unlimited leverage, and Exness Broker spreads starts from 0.3.
The offered trading instruments differ between the accounts. The standard account offers crypto, metals, forex, indices, and energies, while the Exness cent account only offers forex and metals. Another difference is the maximum number of positions, and you can take unlimited positions in the standard account and 1000 in the standard cent account.
Although both accounts are designed for all traders, the Exness cent account is best for the newbies.
The experienced trader will get the ultimate benefits from professional accounts, which includes, lowest possible spreads even spread free sometimes, the opportunity for the suit scalper. Besides, it is also beneficial for the algotraders as well as the day traders.
However, the professional account is categorized into three types, raw, zero, and pro account.
- Raw account: It offers the lowest spreads with the minimal fixed commission.
- Exness Zero Spread Account: 90% of the trading day under this account will get you 0 spreads on 30 pairs.
- Pro account: It offers the fastest execution speed instantly with no commission features.
All the professional accounts offer the same features such as Exness minimum deposit of $500, minimum lot size of 0.01, unlimited positions, 0% hedged margins, 30% margin call and more. However, the Exness leverage is varied on the platform. The MetaTrader 5 offers leverage up to 1:2000, and the MetaTrader 5 offers 1: Unlimited leverage.
Raw and Exness zero spread accounts may charge commissions while there is no commission for the pro account.
If you are a new trader or want to check out the service of Exness, you may open up an Exness demo account before jumping into the paid accounts.
To make trading more easy and friendly, Exness provides some tools so that traders don't face any problem in trading. Tools are calculator, converter, and VPS hosting. Let's have a look at these tools briefly.
Exness's calculator will let you calculate the trading position, which includes point profit, Exness margins, swap long & short, lot price, and volume. The calculator will be useful for multiple open positions, especially if they are on various instruments. You just need to put the details of your data in the boxes and then click calculate.
It will be useful when you need to convert a currency quickly. In the Exness currency converter, you will get the real-time rate. You can get the conversion results in multiple currencies from the same page. You will have the boxes to put the amount and the currency.
VPS Hosting for Free
Forex trading needs a stable internet connection. So, VPS (Virtual Private Server) will provide stability to the server, which gives a fast and secure trading environment. Besides, its uninterrupted and constant connection will not make any data loss while trading. As a result, you will get the same rate you were watching at the trading window.
Found from Exness trading review: It provides the VPS from a remote server, but the client can access it from their home and can feel like they are trading from their PC.
Exness Reviews: Research and Education
Exness forex broker review suggest that it has an education feature for the newbies and experts. They offer educational services for their traders via various means such as the academy, video guidance, analysis, and market news.
The Exness Academy provides courses to educate about forex trading. Besides, the video guidance supplies you with the exact information about trading, and you may learn the straightforward concepts, including ins and out on trading. Furthermore, the videos are available in five different languages.
Additionally, the live news from the market will also provide you the leading opportunity. Usually, the news is provided by Dow Jones, and they provide the direct news to the Exness members.
Exness Review: Customer Support
Exness customer service is available 24/7 while others offer 24/5. Besides, they offer the service in 15 different languages via phone call, chat, and email. Additionally, they have the callback option in case they missed your call. However, the email response may take up to 48 hours.
All the traders will get their own personal manager. However, traders can make an order by phone calls; they will have to rely on the trading platforms.
Exness Broker Review: Pros and Cons
Exness forex broker has some positive things that make them worthy of trying, and they also have some drawbacks too. But the pros would outweigh their cons. Let's see how-
- Five different account types for different types of traders.
- Low minimum balance with tight spreads, which reduce any kind of financial commitment.
- Regulated by different authorities, which gives a good vibe to the traders.
- A vast range of financial instruments.
- Speedy customer service in different languages via various means.
- Compared to the other brokers, the offered financial instruments are smaller in number.
- European client's leverage is capped at 1:30.
Exness is a great brokerage service to trade forex, cryptos, share, and indices for all traders around the world. However, traders from the USA cannot access the Exness due to the regulatory body's restriction.
Exness review shows that it is highly regulated by different regulatory bodies, making the broker safe and providing a secured trading environment. We hope this Exness broker review makes you understand the broker and helps you to decide.
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