Exness.com Review Is Exness A Scam Forex Broker

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Exness Review

Company info:
Name Exness
Website exness.com
Foundation Year 2008
Regulation
Regulated by CySec, FCA (UK)
Trading conditions:
Min. Deposit 1 $
Leverage 10:1, 50:1, 100:1, 200:1, 500:1, 1000:1
Trade Lot 0.01, 0.1, 1
Digits after the dot 5
Spread type Fixed, Variable
Trading instruments Forex, CFDs
Payment Methods:
Credit Card, Wire transfer, Skrill, Neteller, CashU, Perfect Money, WebMoney, Yandex.Money
Other Features:
Accept US traders
PAMM
MT5
Mobile Trading
Web-based trading
Affiliate program
VPS
ProfitF BONUS:

Exness Review (Detailed info):

Exness forex broker is a major player in the online forex industry having multiple subsidiary companies regulated by CySec and FCA (UK). The company was founded in 2008 and has been recognized as one of the fastest growing forex brokerages.

Exness offers 4 types of trading accounts: Cent, Mini, Classic and ECN. There is no minimum deposit requirement for Mini accounts while Classic accounts require a minimum deposit of $2000 whereas ECN accounts can be opened for just $300. Traders can choose a leverage of up to 1:Unlimited (Cent, Mini, Classic accounts) and up to 1:200 (ECN accounts). Commissions are charged only on ECN accounts with a fee of $25 per million (for example, for a “Buy 1 lot EURUSD”, given a EURUSD exchange rate of 1.05079, the commission for the transaction (round-turn) would be: 2 х (25 х 105 079 / 1 000 000) = 5.25 USD). Exness offers competitive spreads overall, with mini and classic accounts having a spread from 0.1.

Traders can choose either the MT4 or MT5 (MetaTrader5 currently for demo trading only) trading platforms as well as smartphone and web trader apps. Clients who wish to trade using a forex VPS service can also avail this feature with Exness.

Exness also provides an exclusive metal-currency accounts which is a relatively new feature to the forex world. Metal currency accounts come in Gold, Silver, Platinum, Palladium as well as mix of the above. This special type of account is to be used both as an investment and for trading.

Exness account types:

Traders can deposit funds with forex broker Exness using a wide choice of methods which includes eWallets, bank wires, credit/debit cards. For most part, there is a minimum deposit of $1 for eWallets and $10 minimum deposit requirement for Wire transfers. Exness accept also these Payment Methods: WebMoney, Skrill, CASHU, Perfect Money, Neteller. Payment systems may vary depending on the client’s’ region. Deposits and withdrawals may be made 24 hrs a day, 7 days a week. If a deposit or withdrawal is not carried out instantly, it will be completed within 24 hours.

Exness Review

Review

The EXNESS Group opened its doors to the public in 2008 in St. Petersburg, Russia and committed itself to offering its clients high quality trading services in several financial markets. It has come a long way since then and is today a leading Forex and ECN broker. EXNESS prides itself on honesty, openness and transparency and is regulated by CySec in Cyprus as well as by the Financial Service Provider Register in New Zealand.

EXNESS LT (NZ) has been recognized by awards from the famous financial publication World Finance Media for “Best Trade Executions”, “Best Order Management” and “Best Mini Broker.” By the middle of 2020 EXNESS clients’ monthly trading volume was more than $180 billion.

Features

The first thing that hits you when you open the EXNESS website is its cool images which are large and colorful and exciting to look at. Since EXNESS is a partner of the Infiniti Red Bull Racing Championship, the snapshot of its flashy Infiniti racing car is certainly not out of place.

And since the website is available in 23 different languages including English, Chinese, Russian, Vietnamese, Farsi, Hindi, Urdu, Tamil, Thai, Bengali, Indonesian, and Malay, people from all over the world can participate in the fun.

The EXNESS Group offers clients access to the interbank market through an ECN, which is based on a software “aggregator” that coordinates the execution of client orders at the best prices from among several well-known liquidity providers connected to the “aggregator”.

The transaction is executed by the liquidity provider that offers the best price for the specified volume at a given moment. Information about the liquidity provider to which a transaction was submitted is stored in our company’s database. The client can be provided with this information upon request.

The broker does not currently offer Swap Free ECN accounts because liquidity providers perform swaps on behalf of the company.

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The EXNESS Group gives traders an opportunity to trade in CFDs on futures, the underlying asset of which is oil.

The EXNESS Group is involved in various social causes. It currently supports WWF Russia’s projects to restore rare species: the Persian leopard in the Caucasus and the Siberian tiger in the Far East.

Accounts

EXNESS offers tight floating spreads on three different trading accounts: the Mini, the Classic and their ECN accounts. No minimum deposit is required for the Mini account but only 100 positions can be open at one time. Also the spread is 0.3. The spread in the other two accounts is 0.1 and there is no limit in the amount of positions a trader can hold. The Classic account requires a $2000 opening deposit and the ECN $300. Trade execution is immediate for all accounts. ECN accounts have direct access to Interbank liquidity.

Exness Account Types

Clients have access to 1:2000 leverage which considerably lowers margin requirements and allows trading strategies to be managed flexibly.

A demo account can be opened for those wishing to practice their trades before putting their money at risk. Funds can be replenished in the demo account at will by filling out an online request form.

Bonuses/Promotions

The big promotion offered when doing this review and which is available until July 27 th , 2020 was the Infiniti Red Bull Racing competition. The Grand Prize for the winner of the best submitted photograph was a visit with the Infiniti Red Bull Racing Team in Abu Dhabi.

The next few prizes were replicas of the race helmet of Daniel Ricciardo or Daniil Kvyat signed by the drivers.

No additional bonuses or promotions were being offered at the time of this review.

Education

EXNESS posts up-to-date financial news and announcements of events occurring around the world directly to their website for all to read.

By clicking on any of the links in their ‘library’, anyone can access the numerous textual guides and explanations of general financial terms as well as topics specific to EXNESS.

EXNESS clients also have access to the most relevant economic news affecting the Forex market from Dow Jones News, the leading provider of information in the world of business and finance. The Dow Jones news coverage offers real-time broadcasting without delays. The news is available to clients, who have opened trading accounts with EXNESS.

A trader’s calculator/currency converter is available as are updated analytic reviews on currency pairs.

Exness Technical Analysis

An additional useful feature is a listing of quotes history that contains information on the exchange rates of Forex currency pairs and other financial instruments over various time periods. This is a live application which can be downloaded into a MetaTrader terminal and used to test strategies and perform technical analysis.

Deposits/Withdrawals

Funds can be deposited using a wide variety of deposit and transfer possibilities including wire transfers, credit cards Neteller, Skrill and others. One of EXNESS’s main advantages is the automatic withdrawal of funds using a number of electronic payment systems, providing traders with around-the-clock control of their trading accounts’ funds.

Withdrawals are done instantly upon request and funds are returned using the same method employed for the deposit.

A useful chart, not offered by many other brokers, lists each method of deposit and its advantages and disadvantages for the trader.

Customer Support

Client support is available in 13 languages, including 24/5 support in eight languages and 24/7 support in three languages (English, Chinese, and Russian).

Conclusion

I found my broker review of EXNESS to be a pleasant experience and I actually had fun doing it. The information is clearly presented and navigation throughout the site runs smoothly. The broker’s popularity can be evidenced by the continuing number of clients reported each year.

Features

There are many features offered by EXNESS but the one that stands out is definitely their website. Not many brokers take the time to develop a site that is user-friendly, easy to navigate and fun to use. The pictures are bold and clear and subtly act to motivate the viewers to take action in the form of opening a trading account. And since demo accounts are available, it takes only a few minutes to jump right in and open any of the available accounts. There is no minimum deposit needed to so registering is a breeze.

Platforms

MetaTrader 4

MetaTrader 4 and the newer MetaTrader 5, with its enhanced terminal interface, increased performance and speed, are the trading platforms of choice at EXNESS as they work well with currency pairs, CFD’s, and futures.

MetaTrader 4 provides the most freedom to implement trading strategies and traders around the world have created a large number of expert advisors (EA) for this terminal. Clients who prefer algorithmic Forex trading can easily adapt their advisors and use them effectively by trading on EXNESS servers.

EXNESS offers MetaTrader 4 for traditional desktop computers as well as the most popular mobile platforms, Macs, and Linux.

EXNESS also offers the MT4 web platform. This platform, run by MetaQuotes, is a Web terminal that features all the basic functions needed by traders including real-time quotes, customizable price charts, various chart timeframes, and basic analytical objects. It is offered at the request of many of its clients who were interested in using a traditional desktop platform.

MetaTrader 5

MetaTrader 5 supports trading shares and options. Two new types of pending orders have been added– Buy Stop Limit and Sell Stop Limit and additional conditions when trading on the stock market are now available– Fill or Kill (FOK) and Immediate or Kill (IOK).

The MT5 terminal supports Level 2 quotes, which make it possible to analyze market depth and new programs automatically appear in MetaTrader 5.

For whatever reason, MT5 developers have taken away the ability to hedge Forex positions.

Mobile

Traders can perform most of the functions of the Metatrader 4 and Metatrader5 platforms from their mobile devices. Mobile Forex trading gives traders the ability to complete trades from anywhere. The important thing is to have an Internet connection. As the number of mobile platforms for various devices grows, more and more traders will opt for mobile Forex trading so this ability is important for the continued growth of this company.

Exness MT5 Mobile Platform

Is Exness a good Forex broker?

What determines a “good” Forex broker for you?

Spreads and swaps are ok, but there are competitors with better conditions.

Exness is regulated by CySEC and the FCA.

To get a CySEC license isn’t that hard, also some “scam” brokers have these licenses.

An FCA license is way harder to get. So in terms of a safe and regulated broker, you are in good hands.

What i would recommend, is to always try and trade at different brokers.

  • Platform may be down “suddenly” at a brokers platform
  • Spreads may be floating, so can be a no deal when you want to trade
  • User interface is different at all kind of brokers.

When it comes to Forex trading the fact which comes first is a broker. The broker gives traders many advantages in online trading.

And when it comes to a Forex broker exness is one of a kind. Traders all across the world are now working with exness.

Though all Forex broker has some advantages and disadvantages. Which is also similar to exness but despite that exness has advantages more.

There are several reasons to call it one of the best and which are –

– Professional trading conditions

This platform gives you incredible choices such as tight spreads, without deposit and withdrawal commissions.

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