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Exness Broker Review: Forex Broker & Trading Markets | Legit or a Scam

exness
Score

4/5

Min Deposit

$10

Min Spread

0.0 pips

Regulation

FCA, CySEC, FSCa, FSA

Max Leverage

Not Specified

Positive Ratings
90%
Neutral Ratings
5%
Negative Ratings
5%

Company Summary

Aspect Information
Registered Country/Area Cyprus
Founded Year 2008
Company Name Exness
Regulation FCA, CySEC, FSCa, FSA
Demo Account Available
Minimum Deposit $10
Maximum Leverage Not Specified
Spreads Variable spreads from 0.0 pips
Trading Platforms MetaTrader 4, MetaTrader 5, and Exness Trade App.
Customer Support Phones, Live Chats, Physical Offices, and Contact Form.
Payment Methods Cards, Ewallets, and Wire Transfers

Introduction

Exness is a well-regulated and established trading platform. It offers traders multiple trading accounts and trading products. The platform offers transparency that makes it easier for budding traders. This Exness broker review will discuss the key features of the platform along with its trading products, account types, customer support, security, and regulations.

Exness also allows traders to trade on different platforms including web trading or mobile applications with MetaTrader4 and MetaTrader 5 platforms. The broker ensures a safe and secure trading atmosphere while enhancing the portfolio. This overall review will conclude whether the platform is a legitimate broker.

exness overview

Key Features of Exness Trading Paltform

Exness has been knwon as a forex trading paltform. It offers multiple features like:

Instant Withdrawal

The platform offers quick and hassle-free transactions. You can deposit and withdraw your funds with one click.

Tight Spreads

At Exness, you can trade with low and reliable spreads. The spreads are variable for different accounts starting at 0 pips.

No Overnight Fees

The platform offers a swap-free trading. Trades can hold their positions without worrying about additional charges.

Trading Instruments available on Exness

The platform offers CFD trading in multiple trading instruments from the global market. These allow traders to create a diverse portfolio. The top trading products are:

Forex

Forex trading is the base of the Exness trading platform. It offers over 100 FX currency pairs. From tight spreads to leverage, traders get a reliable trading opportunity.

Commodities

Trading in commodities like metals, energies, and agricultural products is made easier with Exness. You can invest in gold, natural gas, and crude oil.

Indices

At Exness, traders get access to global indices. The platform allows traders to understand the market and the performance of stocks around the globe.

Stocks

With Exness, invest in the top stocks of global companies. Buy and sell shares of companies like Apple, Google, and Tesla.

Cryptocurrencies

Get access to trading in digital currencies. Crypto trading is available 24/7 and offers wide opportunities to earn and grow.

Trading assets from exness broker

Deposits and Withdrawals

Exness offers a variety of payment options for transactions. Traders can use cards, bank transfers, and e-wallets like Skrill.

The minimum deposit to start trading at Exness starts from $10 and ranges to over $2000. This varies for accounts and is eligible for traders with different budget goals. The platform offers instant executions and transactions, that let you access your funds quickly.

Account Types offered by Exness

The platform offers 3 major types of accounts for traders with different goals. The account types are separated based on the features and tools they provide.

Standard Accounts

  • Standard: These accounts are perfect for new traders with zero experience. It is perfect for traders with low budgets and they get access to all trading products.
  • Standard Cent: These accounts are created for traders who want to trade small. The account only allows trades in metals and forex.

Standard Account types of exness broker

Professional Accounts

  • Pro Account:  These accounts are perfect for traders with high experience. They get access to faster trades with zero commission.
  • Raw Spread Account: These accounts are designed for traders who trade within tighter spreads. These accounts hold commissions and trade in lots.
  • Zero Account: These accounts offer 0 spreads on the fx currency pairs the majority of the time. There are commissions involved and is perfect for traders with precise entry and exit points.

Profesional Account types of exness broker

Social Trading Accounts

  • Social Standard: These accounts hold a higher minimum deposit of $500. They are perfect for traders with higher budgets.
  • Social Pro: These accounts are perfect for traders who trade in low and stable spreads. The minimum deposit of $2000 is very high for traders with lower budgets.

Social Account types of exness broker

Demo Account

Exness offers traders with demo accounts. These account holders get access to trading with virtual funds. This way traders can enhance their skills and trade without losing their real funds.

Security and Regulations

A secure and regulated trading platform is the premium choice. Exness has been regulated by some top financial authorities from across the globe. FCA, FSCA, CySEC, and FSA are the authorities that ensure platform reliability. The regulatory bodies ensure that the platform maintains the industry standards of security and offers transparency of the platform.

The platform offers a negative balance protection that makes sure that the trader does not lose more than he has deposited. Also, the platform keeps segregated accounts of clients and its own ensuring safety.

Exness offers advanced security measures, like two-factor authentication (2FA) and SSL encryption. This helps in protecting client data and transactions from unauthorized access.

Fees and Commissions

The fees and commissions at Exness vary for different account types. There are different types of charges that you can see, like :

Spreads

The platform offers competitive spreads from other brokers. The spreads start from as low as 0 pips and can go up to 1 pip. This varies for the account types.

Commissions

There is no commission involved in the platform for different account types. Only Zero and Raw Spread accounts incur commissions up to $3.5 per lot.

Customer Support

Exness provides its clients with the best customer support services. The platform offers 24/7 dedicated support with specialists in different languages. The team is equipped with members speaking English, Chinese, Thai, Vietnamese, Arabic, Bengali, Hindi, and Urdu.

You can contact the team via live chats, or email (support@exness.com), and have multiple physical branches at different places for one-on-one interaction.

Apart from the customer support team, the platform offers educational resources and a FAQ section. This helps traders in the general issue. The educational resources include tutorials, webinars, and more.

Customer support of exness broker

Is Exness Legit or a Scam?

Exness trading platform is not a scam broker. The platform has been in the industry for a long time offering a secure and transparent trading atmosphere. The platform is regulated by some of the top financial authorities which ensures its legitimacy.

The platform ensures the safety of the personal and financial data of the users. Traders can confidently invest through the Exness trading platform.

Conclusion

Exness is a reliable and versatile trading platform. It offers traders multiple trading opportunities in global markets. The platform is designed to cater to the trader’s needs with different experience levels. The platform offers transparent security measures and competitive trading conditions for all. The multiple account types and market instruments ensure an enhanced portfolio.

Overall, the efficient customer support and regulatory status of the platform have made Exness a preferred choice.

  • Multiple Account Types
  • Well regulated Paltform
  • Multilingual Customer support
  • Restricts financial instruments for different account types
  • Telephone support is restricted in some countries.
FAQs

FAQs

What is the minimum deposit at Exness?

The minimum deposits vary from account to account starting from only $10, for standard accounts.

Can you trade with demo accounts at Exness?

Traders can trade using a demo account without risking their real funds.

Who regulates the Exness trading platform?

It is regulated by multiple authorities CySEC, FSCA, and FCA.

What are the trading platforms at Exness?

The broker operates on MT 4 and MT5 trading platforms on their web and mobile applications.

What are the commission rates at Exness?

The platform offers zero commission for some accounts and charges a minimum amount from zero and raw spread account holders.

How long do the transactions take at Exness?

The transactions at Exness, are completed instantly whether it is a small or large amount.

Does Exness offer Crypto trading instruments?

Yes, the platform offers crypto trading. But standard cent account holders are not allowed to trade in Crypto.

Does Exness offer negative balance protection?

Yes, Exness offers negative balance protection for traders to save their investments.

Does Exness offer Islamic accounts for Muslim traders?

The platform does not offer Islamic accounts and also there is no proper specification about it.

Is Exness a good trading option for Beginners?

Yes, the platform offers educational resources and advanced tools perfect for beginners.

Trusted Score

4.3/5

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4.1/5

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4.2/5

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4.5/5

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4.8/5