Exness
Review

September 27, 2021
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Exness began operations in 2008. The financial corporation Nymstar Limited owns the trademark and is incorporated in the Republic of Seychelles. The broker is licenced in three states: CySEC (Cyprus) — the document authorising the provision of services in the European Union; FCA (United Kingdom) — the document authorising the exclusive right to work in this country; FSC (Republic of Seychelles). In terms of monthly trading volume, the company is a market leader. Each month, active traders' accounts total approximately $ 325.8 billion. DOLLARS OF THE UNITED STATES. Among the 120 trading instruments available, there are both traditional assets (currencies, stocks, and oil) and innovative ones. Consider cryptocurrencies.

The trading environment can be described as competitive. Orders are executed in 250−400 milliseconds using STP technology and in 100−150 milliseconds using ECN technology. Although the spread is very small, it is conceivable for it to expand in turbulent markets. A broker’s "chip" - infinite leverage, which enables the broker to minimise his pledge and manage the volume of opened deals without restriction. There is a sample account available for testing tactics and familiarising yourself with the platform’s capabilities.

What is Exness?

Exness-broker
Exness is the brand name for a worldwide brokerage company with two major locations in Seychelles and is a Cyprus Broker. The firm’s divisional structure allows global customers to get customised financial services and investment solutions, while the global brand opens up enormous possibilities for retail and primarily corporate solutions or collaborations.

The Cyprus-based EU-based business provides fully regulated services to members across the EEA and the rest of the globe. Additionally, the broker extended its worldwide reach by establishing Exness UK Ltd, a fully regulated company headquartered in the United Kingdom.

Indeed, Exness has received many accolades as a retail broker for its stable and dependable brokerage services, as well as a pleasant trading environment tailored to the most demanding traders, with narrow spreads and no hidden fees starting at 0.1 pips. The trading process is facilitated by the user-friendly MT4 platform, which enables traders to trade a variety of CFDs and Futures contracts across a variety of marketplaces.

Exness Pros and Cons

Exness Pro's and Con's
Pros

  • There are 107 currency pairings.
  • One of the FX market's lowest commissions.
  • Accounts having a spread of zero.
  • For both novices and experts, there is a wide variety of trading accounts available, each with its own approach to commission billing.
  • More than 60 basic account currencies are available.
  • Tick data from 2015 is archived here.
Cons

  • Licensing in the Seychelles is a country with a poor degree of protection for financial company customers' rights.
  • Market selection is limited.
  • There are no instruments for passive investment.
  • Aesthetic training and analytical substance.

Is Exness safe or a scam?

When selecting a broker such as Exness, it is critical to consider the broker's administrative body and regulatory status. Brokers who trade independently of a regulating authority do so at their own risk. Your capital is at danger.

Exness was founded in 2008 and has been in business for 13 years. The company is headquartered in Cyprus.

Exness-broker-office
Exness is strictly controlled. This means that Exness is regulated and monitored by the Cyprus Securities and Exchange Commission (CySEC), CRFIN, the Federal Financial Supervisory Authority Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), the Netherlands Authority for Financial Markets (AFM), Banque de France, the National Securities Market Commission (CNMV), and the Commissione Nazionale per le Società e la Boite.

Brokers who are regulated will not influence market pricing. Exness will respect your withdrawal request. Exness' regulated status may be revoked if they break any regulatory regulations.

Deposits may be exceeded by losses.

Exness Awards

Along with its company history, Exness has received many honours and recognitions for different areas of its performance, including customer happiness, trading technology, and overall ratings.
Exness Awards
When it comes to market innovation, this Forex broker may be classified as an old-school broker, since it is one of the few in the business that has yet to incorporate social media. Nonetheless, traders continue to place a high premium on Exness, owing to the company's dedication to delivering high-quality services.

Leverage

Exness offers traders the largest potential leverage, up to and including infinite. Inexperienced traders may view increased leverage as dangerous. However, seasoned traders believe there is no risk in trading with increased leverage. It is insufficient leverage. Your trading tactics, experience, and discipline are the true deciding elements. Simply adhere to your trading strategies and trade based on your analysis, not your emotions. Additionally, unrestricted leverage eliminates the need to pay for margins. As a result, you can keep your orders open indefinitely. Exness' leverage may be viewed here.

Exness's infinite leverage

Exness has seized the forex market’s leadership position with the debut of an exclusive Unlimited Leverage offer. As a unique offering from Exness, infinite leverage enables traders to trade with negligible margin, open many more positions and even larger lots, and employ a range of trading tactics.

To guarantee that traders continue to experience Unlimited Leverage, the service’s availability has been designed to avoid periods of significant market volatility. Exness, as a responsible broker, has also implemented additional safeguards to ensure that the service is only available to traders with a particular degree of trading experience. The service’s availability has been limited to avoid the most volatile market time — Monday 00:00 GMT to Thursday 23:59 GMT. On Friday, 00:00 GMT, leverage will be increased to 1:2000, consequently boosting margin requirements. This rule is applicable to new and existing transactions.

Additionally, Exness has implemented additional safeguards to ensure that the service is available only to professional traders or traders with a specific level of trading experience. To avoid significant market losses, the company is offering the service on accounts with less than $ 1,000 in equity. To qualify for Unlimited Leverage, a client must maintain a minimum of ten positions (excluding pending orders) and five lots (500 cent lots) across all genuine accounts in the Personal Area.

Trading Accounts

Earlier in our Exness broker review, we discussed how the firm's account setup is unique. Specifically, it opted for a more specialized approach rather than offering tiered accounts. As a result, each account is unique, allowing traders to tailor their experience to their preferences. It enables increased specialization and results in a more skill-expressive experience.
registration-FxPro
However, if you're a new trader, you may be unsure of your objectives. As a result, the specialized versions may appear overwhelming, as you may be unaware of everything they offer. There is no reason to be concerned, as all traders have been in your shoes, and Exness is well aware of this. As a result, it made an all-purpose account suitable for anyone. The Standard account includes a little bit of everything, relieving indecisive users of some of their burden.

Apart from that, there are three additional variants. To assist you in making your decision, the following section of our exness.com review will briefly discuss the various account types and how to choose the best one for you.

How to create a demonstration account on the Exness platform

Prior to beginning work on the Exness trading platform, you should familiarise yourself with the client agreement and any addendums. After a thorough examination of them, you may register and create a Demo or a genuine account.

This brokerage firm provides customers with complimentary trading on the MetaTrader 4 and MetaTrader 5 platforms, which they get access to after registering on the broker’s platform. With an Exness Demo account, you may test the company’s trading capabilities, ensure that the terminals operate correctly, that the support staff is competent, and that the website contents are current and of high quality, among other things. A free Exness Demo account provides a secure environment in which to learn how to trade in a genuine trading simulator, overcome anxieties and phobias, execute your first transaction, and test your methods. The benefit of this approach is that the trader may access the same terminal capabilities as he would on a genuine account.



To begin the registration procedure, click this link or enter the following URL into your browser's address bar: https://www.exness.com/.

You will be redirected to the website's main page. There are choices on the right side of the page. Create a new account or login. To open a new account, traders must first choose their country of residence, provide their email address, and establish a password for their Personal Area.

To complete the registration procedure, you must validate your email address and cell phone number and complete your personal information. You may also do so at a later date.
Registration of a new account on the Exness platform
To begin the registration procedure, click this link or enter the following URL into your browser's address bar: https://www.exness.com/.

You will be redirected to the website's main page. There are choices on the right side of the page. Create a new account or login. To open a new account, traders must first choose their country of residence, provide their email address, and establish a password for their Personal Area.
Registration of a new account on the Exness platform
To complete the registration procedure, you must validate your email address and cell phone number and complete your personal information. You may also do so at a later date.
Phone number verification field on Exness platform

After you input the required information, a screen will appear in which you must choose the kind of account you want to create - Demo or Real. You may opt to create a Demo account and then switch between genuine and demo accounts immediately in your Personal Area when you are ready.
 Choosing the type of trading account
Phone number verification field on Exness platform
To complete the registration procedure, you must validate your email address and cell phone number and complete your personal information. You may also do so at a later date.

Fees and spreads

Exness spread and commission costs begin at US Dollar 3.50 per contract, with spreads starting at 0.0 pips.
Exness does not charge for deposits, and only when traders utilise Skrill and the withdrawal amount is less than US Dollar 200. If this is the case, the trader will be charged a US Dollar 1 withdrawal fee.
Exness offers a low and very cheap spread in comparison to other brokers, with a spread list starting at 0.0 pips and fees starting at US Dollar 3.5 when utilising the Zero Account.
Exness trading costs vary depending on the kind of account and options selected by the trader, as well as the spread list.

Instruments

Exness Forex trading includes major currency pairings (107 in total), CFDs on stocks and indices (including energy), metals (including gold), and seven different cryptocurrencies.

Trading Platforms

MetaTrader4
Metatrader 5
Clients of Exness may trade on the widely used MetaTrader 4 and MetaTrader 5 platforms, which are both internationally known. Exness provides trading platforms for Windows, Mac, Linux, Android, and iOS systems, as well as a web-based trading terminal (Exness web terminal). Furthermore, a number of deposit and withdrawal methods, including bank cards and e-wallets, are available to customers. Also available are a variety of instructional resources, including articles and videos, as well as real-time market analysis, a calendar of economic events, a WebTV channel and trading calculators.
exness-install

Customer Support

The broker's customer support is of a sufficiently high quality. The specialists offer support in 15 languages. The main information on the website is available in 18 languages. The only drawback - 24 - hour support service works only in English, Chinese and Thai.
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Final words

When it comes to brokers, Exness is an excellent all-around choice for most traders, whether they are novices or more experienced. MT4 and MT5 support, great customer service, and fantastic trading conditions across a broad variety of account types make it difficult to find anything to criticise here. Unfortunately, the broker is unable to accept customers from the country of Malaysia and the trade is disabled for this moment.
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