Exness Review

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The Exness Group was founded in 2008 and is licensed by the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Services Authority (FSA), whose services are based in this review. The group has more than 120,000 active traders and publishes key performance indicators on its website.

Exness offers users the ability to trade a wide range of asset classes covering Forex and CFDs on cryptocurrencies, metals, energies, stocks, and indices on five major trading accounts. Professional accounts are named Raw Spread, Pro and Zero with account leverage of up to 1: 2000 on MT4 and unlimited leverage on MT5, no trading commissions on the Pro account and a commission of 3.5 USD per lot, per side for Raw Spread and Zero accounts. Standard accounts are called Standard and Standard Cent and both have no fees. Demo accounts and Islamic accounts without exchange are also available.

Exness clients can trade on the globally recognized MetaTrader 4 and MetaTrader 5 trading platforms for Windows, Mac, Linux, Android and iOS systems, as well as the Exness Web Terminal. Users are also offered a variety of deposit and withdrawal methods including bank cards and e-wallets. The broker also offers a wide variety of educational materials through articles and videos, as well as live market analysis, an economic calendar, WebTV, and trading calculators.

Customer support is offered in 13 languages ​​with 24/5 support in 11 languages ​​and 24/7 support in English and Chinese via live chat or email.

Pros:

  • Commission-free trading available.
  • 24/7 customer support in English/Chinese.
  • Impressive range of Forex pairs to trade on.

Cons:

  • Offshore regulation.
  • Only a selection of US stocks available.

LEVERAGE
Due to the high risks involved, Exness does not accept UK or EU Clients.

Exness offers maximum leverage levels of up to 1: 2000 on all accounts that can be opened, and Exness also provides a calculator that calculates maximum leverage and margin requirements based on the current capital level of the trader’s account.

ACCOUNTS
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Exness offers traders the choice of four accounts, namely a standard account, a gross spread, zero, and a professional account.

Standard account

The standard account is one of the most popular options and is designed to meet the needs of all types of merchants.

With the standard account, merchants can benefit from:

A minimum deposit of $ 1
Leverage up to 1: 2000
It ranges from 0.3 pips
No commercial commission
Minimum lot size of 0.01
Maximum lot size that varies between
7:00 – 20:50 GMT + 0 in 200 lots
21 – 6:59 GMT + 0 in 20 lots
Unlimited number of positions
A 0% hedge margin for Forex currency pairs along with metals, energies and indices and 100% for Cryptocurrencies
A 60% margin call and a 0% stop, along with several others

Raw spread account

This type of account offers the lowest gross spreads with a relatively low fixed fee. In addition, it has several similar characteristics to the Standard account, with notable differences such as:

A minimum deposit of $ 500
The commission per lot or side up to $ 3.5
Extension form 0.0 pips
A 30% margin call

Zero Account

This account allows traders to get 0 spreads for 95% of the trading day on a total of 30 pairs. In addition, there are standard account features and similar to the Standard Account, but it differs in the following ways:

A minimum deposit of $ 500
Commission per lot or side from $ 3.5
Spread from 0.0 pips
A 30% margin call
Pro Account
The pro account is known as the Exness Instant Execution Account. With this account, traders have access to excellent filling with no commission / fee charges in trading.

As with the Standard Account, there is a set of basic features and the Pro Account varies in the following ways:

A minimum deposit of $ 500
Propagation from 0.1
A 30% margin call
All accounts are eligible for Swap-free for Muslim countries.

Provisions are also made for demo accounts, where traders can test their trading strategies in a risk-free environment that mimics the functions of a real account and traders have access to virtual funds.

MARKET INSTRUMENTS

Exness offers traders the opportunity to trade instruments such as Forex, metals, cryptocurrencies, energies, and indices.

RATE

The fees charged by Exness are based on the account type corresponding to the commission fees.

When the Standard and Pro accounts do not have commissions that are charged for operations, the Raw account has commissions of up to $ 3.5 and the Zero account from $ 3.5.

While the Standard Account has a minimum deposit of $ 1, the Raw Spread Account along with the Zero and Pro Accounts have a minimum deposit of $ 500.

Exness also has an overnight or rollover fee that applies in case positions are held for more than one day. Each instrument has its own fee, which is charged for these night positions, which can be charged as a fee or provided as a refund.

Although Exness does not charge any fees when making deposits or withdrawals, merchants should check with their chosen payment provider before making transfers, as payment providers may waive the fees for which the merchant will be responsible.

DEPOSIT AND WITHDRAWAL

Exness provides the following payment methods through which deposits and withdrawals can be processed:

USDT or Tether
Bitcoin
Internet banking
Credit card
AstroPay Card
perfect money
Neteller
WebMoney
Skrill
Internal transfer

The merchant must acknowledge that there is a minimum deposit that can be made by using these payment providers with a general $ 1 required of USDT / Tether, Internet banking, AstroPay card, WebMoney, and internal transfer.

A minimum deposit of $ 2 is required when using Perfect Money, $ 3 when using a bank card, and $ 10 when using Neteller or Skrill. Bitcoin, however, does not specify a minimum deposit amount.

Although most payment providers indicate deposit speeds that are instantaneous, USDT can take up to 72 hours and Bitcoin up to 4 hours.

As with the speed of deposit processing, withdrawals can also take some time to process and reflects

About the author

Nafees Saifi // entrepreneur, author, trainer, and stocks and FX trader. 
Nafees Saifi is a professional FX trader from, India. Nafees has extensive experience trading commodities, bonds, and equity futures in the Asian, European, and US markets. Nafees holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.

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