Exness review: Is it a legit or scam forex broker?
Located in Limassol, Cyprus, Exness CY Limited is the headquarters of Exness. It is regulated by Cyprus’ financial authority Cyprus Securities and Exchange Commission. Exness UK Limited has its office set up in London, England. Regulated by the Financial Conduct Authority, it looks after the broker’s B2B division. Exness’ offices in South Africa and Seychelles are responsible for the broker’s B2C operations. Registered in Eden Island, Seychelles, Nymstar Limited is licensed by the Seychelles Financial Services Authority.
exness broker reviews Founded in 2008, multi-asset broker Exness is an industry leader serving more than 70,000 monthly active clients from across the world. In addition to its successful retail operations, the broker provides B2B solutions for international corporations. Since its establishment 13 years ago, Exness has hit multiple milestones and experienced significant growth. In 2020, the firm reported an impressive trading volume of USD 6,783 billion, breaking the company’s record.
Any forex broker on the market charges an overnight fee for their clients. Swap is a type of fee that forex brokers will collect from customers when they leave their orders open for more than one trading day. This type of cost is very important to long-term traders because they often leave an order open for a few days to a few weeks before closing a take profit order. The Exness Group’s website has been localised into 18 languages, with 24/5 client support available in 13 different languages. Users also have access to leverage, which can considerably lower margin requirements and allows trading strategies to be managed flexibly. They also offer traders the instant withdrawal of funds using a number of electronic payment systems, providing traders with full control of their funds.
You will have to provide an identity evidence and proof of residency to deposit large sums. Many unethical brokers attempt to pressurise consumers into bigger funding for premium services. Traders can expect trading conditions to be reasonable, honest and transparent.
Exness Trading Tools
In general, i’d add more stocks on platform and stock options. It seems Exness is not growing and the range of cfds is poor. Choosing the suitable account types is very important to succeed in trading. That’s why most brokers offer different account types, because you can only be successful in trading if you trade the suitable accounts. As I have said above, Exness offers 4 types of accounts which are suitable for both beginners and professional traders.
With suprice i realised that the trade was closed as a loss which they started telling me that it hit my stop loss when i know that it was heading towards my teke profit. I was trading with trend line strategy and it didnt even cross my trend line by the time i was chatting to them. I emmidiately wetdrew the rest of my funds which i hope i will get. Exness offers the choice between three unique trading account types that offer different advantages and features. Clients can further select between MT4 and MT5 as their trading platform of choice. The variety of account types, simple registration and customer-oriented approach in conditions of work left a pleasant impression.
The EU-based corporation in Cyprus provides fully controlled services to EEA and global members. Furthermore, the broker increased its worldwide reach by establishing Exness UK Ltd, a UK-based firm that is likewise fully regulated. In its place, the company offers its traders access to the latest news and analysis from around the web. Any processing fees from your bank might have to be incurred by you. Exness shows on its official website how you can exchange real time stocks with your demo account.
All information displayed on the Exness website is tested and proven. Their business is audited quarterly by Deloitte, which is an audit company for financial services. The choice of broker is adjusted to the needs of each trader.
- Traders are required to fulfil different minimum deposit requirements depending on their country of registration.
- With the MT4/5 supply as a customer, the trading platform Exness provides CFDs to traders in a lot of markets.
- Therefore, if you want to trade in the traditional MetaTrader 4 Platform, you can easily trade with this platform.
It also did the same on US OIL and this was just a technical analysis. I found that the trade hit my TP and went even beyond, but when I come back I find it on a loss. I was trading Gold with profit, had a stop loss in place.
Moreover, the withdrawn money will be transferred directly to the accounts you use to create deposits. The MetaTrader 4 trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 platform unless they are CFD contracts or Spread bets.
In this Exness review, one must expect to read on MetaTrader 4 and 5. It is not surprising that the broker is compatible with MetaTrader 4 and MetaTrader 5 . Known to be the leading platform for forex trading in the world, these two platforms have a plethora of features for users. It gives https://forexbroker-listing.com/ them the room to run trading bots like EA, analyze financial markets, and also conduct advanced trading actions. They can even copy other investors’ strategies without any hassles. Their services like deposit and withdrawal, customer services and everything for Indian customers is superb.
If you are a beginner in forex trading and you wish to find reliable and unbiased educational resources, BRKV is the answer you’re looking for. We are BRKV, or Brokerreview.net, a forex review website from Bangkok, Thailand. We are currently working with many well-known experts in forex trading such as Mr. Fanara Filippo or Mr. Mario Draghi. We aim to offer readers a trusted, useful, and professional source of education about the best forex brokers in this market as well as other forex-related topics.
Reviews are of generally good quality and it is clear they are written by a competent writer. The disappointing thing is that they don’t come out regularly, not even every day. That is clearly not enough for a full-fledged analytical support of the customers. Raw Spread and Zero are similar by basic parameters and notable for very narrow spreads compared to the market. Overall, they are lower than the market average, which is highly valued by the fans of trading robots, this parameter being one of the key parameters for success for them.
The terminal is useful for both mobile browsers and web browsers. That means it is constantly working to give Exness customers a full user experience. Before you invest in a company, you need to know exactly which company you are going to invest in. You should also consider whether it will be properly regulated after you invest. You will find lots of scam companies on the internet that do not guarantee your investment. These companies are out of control so you have to be careful of these types of companies.
However, only currencies, gold and silver can be traded on the Exness platform. The broker does currently not offer shares trading or CFDs on commodities, stock market indices, digital assets, ETFs, options, futures, etc. Investors looking for other trading opportunities than just foreign exchange trading will have to use another provider. There is a total of 7 cryptocurrency pairs on the platform. They are available not for all types of trading accounts. The digital currency market, by all signs, is not a priority for Exness broker.
It is a large layer of rare currency pairs, which, as a rule, consist of one major currency and one rare currency. Liquidity and spreads on them leave a lot to be desired, but they are quite useful for some strategies. This includes such combinations as Australian dollar to Danish krone , Danish krone against Singapore dollar . The majority of them are unavailable on the ECN professional account. They are EURUSD, GBPUSD, NZDUSD, USDJPY, AUDUSD, CHFUSD. They are represented in all types of accounts of Exness. Exness is a company offering forex trading services on various platforms like MT4, MT5, Web or Mobile.
It is clearly separated from the company’s capital account. This ensures that client funds are protected from events that may affect the company. We assure you that the company’s capital is more than the customer’s capital.