Are you searching for a reliable forex broker that can help you achieve your financial goals? Look no further than Exness, a renowned forex broker that has been providing excellent trading services to clients worldwide. In this comprehensive review, we’ll provide an in-depth analysis of Exness forex broker, including its features, trading conditions, pros, and cons, to help you make an informed decision.
Overview of Exness Forex Broker
Company Background
Exness is a reputable forex broker founded in 2008 with its headquarters in Cyprus.
The company has since expanded its operations globally, serving over 80,000 active traders in more than 200 countries.
Licenses and Regulations
Exness is a regulated forex broker. It holds licenses from reputable financial regulatory bodies:
- Cyprus Securities and Exchange Commission (CySEC)
- Financial Conduct Authority (FCA) in the UK.
The company also adheres to strict client fund segregation policies and operates with negative balance protection to ensure clients’ safety.
Awards and Recognitions
Exness has won numerous awards and recognitions for its exceptional services, including being named the Best Global Forex Broker by World Finance Magazine in 2020.
The company has also been recognized for its commitment to technology and innovation, receiving the Best Forex Broker in Technology Award by the European CEO Awards in 2019.
Advantages and Disadvantages
Account Types and Features
Exness offers two outstanding account types, the Standard and Pro accounts. Login Exness to cater to the unique needs of different traders.
Standard accounts
The Standard account is perfect for beginners, with low minimum deposits, no commission fees, and variable spreads starting from 0.3 pips.
Professional accounts
Exness Pro account is ideal for experienced traders, offering lower spreads starting from 0.0 pips, a commission fee of $3.5 per lot, and a minimum deposit of $200.
Both account types provide high leverage of up to 1:2000, market execution, and negative balance protection to ensure maximum safety and profitability for traders.
Exness also offers Islamic accounts for traders who follow Sharia law, with no swaps or interest charges.
Traders can switch between account types at any time, and both account types provide access to the same range of trading instruments, including forex, metals, cryptocurrencies, and more.
The availability of a free demo account allows traders to practice trading strategies and familiarize themselves with the trading platforms before investing real money.
Deposits and withdrawals
Exness offers multiple convenient and secure deposit and withdrawal options, including bank wire transfers, credit/debit cards, electronic payment systems like Skrill, Neteller, and more.
The minimum deposit amount varies depending on the account type, with the Standard account requiring a minimum deposit of $1, and the Pro account requiring a minimum deposit of $200.
Exness does not charge any deposit fees, and most deposits are processed instantly
Withdrawals are processed within 24 hours on business days, and Exness does not charge any withdrawal fees.
Traders can withdraw their funds using the same payment method used to make the deposit, and additional withdrawal options are available for traders who have not deposited funds using electronic payment systems.
Exness has implemented advanced security measures to ensure that all deposits and withdrawals are safe and secure.
Trading Platforms
Exness provides a range of advanced trading platforms. Among them: MetaTrader 4 (MT4) and MetaTrader 5 (MT5), for desktop, web, and mobile devices.
Both MT4 and MT5 are user-friendly platforms with a range of advanced trading tools. They include technical indicators, charting tools, and expert advisors (EAs).
Exness also offers a web-based trading platform. Traders can access Exness trading terminal from any device with an internet connection. It is convenient for traders who prefer not to download and install trading software.
The mobile trading platforms are available for both Android and iOS devices, providing traders with the flexibility to trade on-the-go.
Trading conditions
Exness offers competitive trading conditions, including low spreads and high leverage, to ensure maximum profitability for traders.
The spreads for forex pairs start from as low as 0.0 pips on the Pro account, and from 0.3 pips on the Standard account. This makes Exness one of the most affordable forex brokers in the market.
Exness offers high leverage of up to 1:2000. Which allows traders to increase their trading positions and potentially increase their profits.
The minimum order size is 0.01 lots. And traders can trade up to 100 lots per trade, making it suitable for both small and large volume traders.
Exness offers a range of trading instruments, including forex, metals, cryptocurrencies, and more, to cater to the diverse needs of traders.
Exness provides fast and reliable order execution with minimal slippage and requotes. This ensures that traders can enter and exit trades at their desired price levels.
Exness offers negative balance protection, ensuring that traders do not lose more than their account balance in the event of significant market volatility
Conclusion
Exness Forex Broker is a reliable and trustworthy forex broker that offers a range of account types, trading conditions, and platforms to suit the needs of different traders. The broker is regulated by top-tier authorities and provides excellent customer support in multiple languages. With competitive spreads, high leverage, and fast execution, Exness Forex Broker is an excellent choice for traders looking to achieve their financial goals. Whether you’re a beginner or an experienced trader, Exness Forex Broker has something to offer you. So why wait? Sign up with Exness Forex Broker today and start trading!
