Exness - Brokers To Trade With

Exness

Exness

 5/5

Exness is a popular online forex and CFD broker that offers a wide range of trading instruments, platforms, and account types to cater to different traders’ needs. In this in-depth review, we will explore various aspects of Exness, including its history, rewards and recognition, account types, trading platforms, costs and fees, leverage, signup bonuses, markets and products, educational resources, pros and cons, and more.

PROS

Wide range of trading instruments
Competitive spreads and commissions
Multiple account types to suit different trading styles
MetaTrader 4 and MetaTrader 5 platform support
Regulated by reputable financial authorities
Multilingual customer support

CONS

RISK WARNING: 76.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

About Exness

Established in 2008, Exness is a well-known online trading brokerage with a strong presence in the forex and CFD trading industry. The company is registered in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC), as well as other financial regulatory bodies such as the Financial Conduct Authority (FCA) in the UK and the Financial Services Authority (FSA) in Seychelles.

Exness Rewards & Recognition

Over the years, Exness has received numerous awards and recognition for its services and commitment to customer satisfaction. Some of these awards include the “Best Forex Broker” in multiple regions, “Best Trading Conditions,” “Best Customer Service“, and “Best Forex Broker Middle East“, among others.

Exness Accounts Type

Exness offers a variety of account types to suit different traders’ preferences and strategies. These include:

Standard Account: This account type offers competitive spreads, no commission, and a minimum deposit of just $1. It is ideal for beginners or those with a smaller investment capital.
Pro Account: Designed for experienced traders, this account type offers lower spreads, no commission, and a minimum deposit of $200. It provides more advanced trading features and tools, making it suitable for professionals seeking more competitive trading conditions.
Zero Account: This account type is for traders who prefer a commission-based trading structure with even tighter spreads. The minimum deposit for a Zero account is $200, and it offers a commission fee structure instead of a spread markup.
Raw Spread Account: This account type is specifically designed for high-volume traders and offers raw spreads directly from liquidity providers. With a minimum deposit of $500, traders can benefit from tight spreads and low commissions.

How to open an Exness account?

Opening an account with Exness is a straightforward process. To get started, follow these steps:

Visit Exness.com and click on the “Open Account” button.
Fill in the required personal information, including your name, email address, and phone number.
Verify your email address by clicking on the link sent to your email.
Complete the registration form by providing additional personal details and your trading experience.
Submit the necessary identification documents for account verification.
Once your account is verified, you can make a deposit and start trading.

Exness Deposit & Withdrawal Options

Exness offers a variety of deposit and withdrawal options, including:

Credit/debit cards (Visa, MasterCard, Maestro)
Bank wire transfer
Electronic payment systems (Skrill, Neteller, WebMoney, etc.)
Cryptocurrencies (Bitcoin, Ethereum, etc.)

The processing time for deposits is typically instant, while withdrawals may take anywhere from a few minutes to several business days, depending on the method used. Exness does not charge fees for deposits or withdrawals, although third-party fees may apply in some cases.

Exness Cost & Fees, Commissions and Spreads

Exness offers competitive pricing in terms of spreads and commissions. For Standard and Pro accounts, there are no commissions, and traders only pay the spread. Spreads for major currency pairs start as low as 0.3 pips on the Pro account and 0.7 pips on the Standard account. The Zero and Raw Spread accounts charge a commission per trade in exchange for tighter spreads. Commissions depend on the traded volume and can be as low as $3.5 per lot for the Zero account and $1.5 per lot for the Raw Spread account.

Exness Trading Platforms, Software, And Its Features

Exness provides traders with a choice of two popular trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are available on desktop, web, and mobile devices, offering flexibility and convenience for traders on the go.

Key features of the platforms include:

Advanced charting tools and technical indicators
One-click trading
Customizable interface
Algorithmic trading through Expert Advisors (EAs)
Market news and economic calendar integration
Support for multiple languages

Exness Leverages

Exness offers different leverage levels depending on the account type and the traded instrument. For forex trading, leverage can be as high as 1:2000 on the Standard account, 1:200 on the Pro account, and 1:30 for European clients in compliance with ESMA regulations. Leverage for other instruments such as indices, commodities, and cryptocurrencies varies and can be lower than that offered for forex trading. It’s important to remember that while higher leverage can potentially lead to larger profits, it also increases the risk of losses.

Exness Signup Bonuses

Exness does not currently offer any signup bonuses or promotions for new clients. This is in line with the regulatory guidelines that discourage brokers from offering incentives that may encourage excessive risk-taking among traders.

Exness Markets, Products, And Instruments

Exness offers a wide range of trading instruments across various markets, giving traders the opportunity to diversify their portfolios. These instruments include:

Forex: Over 120 currency pairs, including major, minor, and exotic pairs.
Indices: Trade global indices such as the S&P 500, NASDAQ, FTSE 100, and more.
Commodities: Trade popular commodities such as gold, silver, crude oil, and natural gas.
Cryptocurrencies: Trade major cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Ripple.
Stocks: Access to CFDs on shares of top global companies.

Exness Training & Education

Exness offers a range of educational resources to help traders improve their skills and knowledge. These resources include:

Video tutorials: Covering a variety of topics, such as trading basics, technical analysis, and risk management.
Webinars: Regularly scheduled live webinars with industry experts, discussing trading strategies and market analysis.
Articles and blog posts: In-depth articles on various aspects of trading, market analysis, and other relevant topics.
Market analysis: Daily market updates and technical analysis to help traders stay informed and make better trading decisions.
Trading glossary: A comprehensive list of trading terms and their definitions.

Exness Conclusion

Exness is a reputable online trading broker with a solid range of trading instruments, platforms, and account types. With competitive pricing, robust regulation, and a commitment to customer support and education, Exness is a reliable choice for traders at all levels of experience.
However, it is essential to be aware of the potential risks associated with high leverage, especially for inexperienced traders.

Overall, Exness offers a well-rounded trading experience for those looking to trade in the forex and CFD markets. Its user-friendly platforms, diverse account types, and wide range of trading instruments cater to different trading styles and preferences. Additionally, the availability of educational resources and market analysis can help traders make informed decisions and improve their trading skills.

In conclusion, if you are looking for a reliable and competitive online trading broker with a solid track record and strong regulatory oversight, Exness is worth considering. As always, it’s essential to conduct your research and carefully evaluate your trading needs and risk tolerance before committing to any trading platform or broker.

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