Exness is a well-known online trading broker that was established in 2008. Over the years, the company has built a reputation for providing reliable trading services to traders all over the world. In this comprehensive review, we’ll take a closer look at some of the key features and services offered by Exness and analyze whether the broker is a good choice for traders.
Exness Trading Platforms
Exness offers several trading platforms for traders to choose from, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the proprietary Exness Trader platform. Each platform has its own unique features and benefits, making it easy for traders to find the one that best suits their needs.
MT4 is a popular trading platform that is widely used by traders around the world. It is known for its user-friendly interface, advanced charting capabilities, and extensive library of technical indicators and automated trading tools. MT4 also supports multiple order types and can be used on a variety of devices, including desktop computers, mobile phones, and tablets.
MT5 is an upgraded version of MT4 and offers additional features such as more advanced charting capabilities, a built-in economic calendar, and the ability to trade multiple asset classes from a single platform. MT5 also offers a wider range of order types and can be used on desktop computers, mobile phones, and tablets.
Exness Trader is a proprietary trading platform developed by Exness. It offers a user-friendly interface, advanced charting capabilities, and a range of order types. It is available for both desktop computers and mobile devices.
Exness Account Types
Exness offers a variety of account types to suit the needs of different traders. Each account type has its own unique features and benefits, including different minimum deposit requirements, leverage ratios, and spreads.
The account types offered by Exness include:
| Account Type | Standard Account | Pro Account |
|---|---|---|
| Minimum Deposit | $1 | $200 |
| Commission | None | $3.5 per lot |
| Spreads | Floating from 0.3 pips | Floating from 0.1 pips |
| Maximum Leverage | Up to 1:2000 | Up to 1:200 |
| Trading Instruments | Forex, Metals, Energies, Indices, Cryptocurrencies | Forex, Metals, Energies, Indices, Cryptocurrencies |
| Execution | Market Execution | Market Execution |
| Minimum Lot Size | 0.01 | 0.01 |
| Maximum Lot Size | 100 | 100 |
| Margin Call | 60% | 60% |
| Stop Out Level | 30% | 30% |
| Account Currencies | USD, EUR, GBP, JPY, CHF, AUD, RUB, AED, BTC, ETH | USD, EUR, GBP, JPY, CHF, AUD, RUB, AED, BTC, ETH |
| Islamic Account | Available | Available |
| Hedging | Allowed | Allowed |
| Scalping | Allowed | Allowed |
| Expert Advisors | Allowed | Allowed |
| VPS Hosting | Available | Available |
| Negative Balance Protection | Available | Available |
Please note that the information in this table is subject to change and traders should refer to the Exness website for the most up-to-date information on account types and trading conditions.
Exness Leverage
Leverage is an important aspect of forex trading, as it allows traders to open larger positions than they would be able to with their own capital. Exness offers high leverage ratios, with a maximum of 1:2000 on some account types. However, traders should be aware that high leverage also increases the risk of loss, and should use it with caution.
Exness Spreads
Here is a table comparing the typical spreads for different account types and financial instruments offered by Exness:
| Account Type | EUR/USD | USD/JPY | GBP/USD | AUD/USD | USD/CHF | EUR/JPY | Gold (XAU/USD) | BTC/USD |
|---|---|---|---|---|---|---|---|---|
| Standard | 0.3 | 0.3 | 0.6 | 0.3 | 0.4 | 0.8 | 0.3 | 60 |
| Pro | 0.1 | 0.1 | 0.3 | 0.1 | 0.2 | 0.4 | 0.2 | 30 |
It’s worth noting that spreads may vary based on market conditions, news events, and other factors. The spreads listed above are typical spreads and may not reflect the actual spreads at any given time.
Exness also offers variable and fixed spreads, depending on the account type and financial instrument being traded. Fixed spreads can offer more predictable trading costs, while variable spreads may be more suitable for traders who want to take advantage of market volatility.
Exness Deposit and Withdrawal Methods
Exness offers a range of deposit and withdrawal methods, including bank transfers, credit/debit cards, and a variety of electronic payment systems such as Neteller, Skrill, and WebMoney. Deposits are generally processed instantly, while withdrawals can take up to 24 hours to be processed.
Exness Regulation
It is a regulated broker, with licenses from the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA)
Trading Tools
Exness offers a wide range of trading tools to help traders make informed decisions and manage their trading strategies effectively. Here are some of the trading tools offered by Exness:
- Economic Calendar: This tool displays the most important economic events and their impact on the financial markets. Traders can use this tool to plan their trading strategies and avoid market volatility.
- Trading Central: This tool provides technical analysis and trading signals based on the latest market trends. Traders can use this tool to identify potential trading opportunities and make profitable trades.
- VPS Hosting: This tool provides virtual private server hosting for traders who want to run automated trading systems 24/7 without interruptions. This service is available for traders with a balance of at least $5,000 in their account.
- One-Click Trading: This tool allows traders to open and close trades with just one click. This can help traders to save time and execute trades faster.
- Trading Calculator: This tool helps traders to calculate their potential profits or losses before entering a trade. Traders can use this tool to manage their risk and adjust their trading strategies accordingly.
Exness Customer Support
Exness offers 24/7 customer support in multiple languages, including English, Chinese, Arabic, Urdu, and more. Traders can reach the customer support team through live chat, email, or phone. The customer support team is highly responsive and can help traders with any issues or questions they may have.
Exness Promotions
Exness regularly offers promotions and bonuses to its traders. These promotions include deposit bonuses, cashback programs, and more. Traders can visit the Exness website or contact customer support to learn more about the latest promotions.
Exness Fees and Commissions
Exness offers competitive spreads and commissions on its trading accounts. The spreads on the Standard account start from 0.3 pips, while the spreads on the Pro account start from 0.1 pips. The commissions on the Pro account are $3.5 per lot, while there are no commissions on the Standard account. Traders should also note that there may be additional fees for deposits and withdrawals, depending on the payment method used.
Conclusion
Overall, Exness is a reputable and reliable forex broker that offers a wide range of trading services and tools. The broker’s transparent pricing, fast execution, and competitive spreads make it an attractive option for traders of all levels. Moreover, the broker’s commitment to security and regulation ensures that traders can trade with confidence and peace of mind. However, traders should also be aware of the risks involved in forex trading and should always practice responsible trading.
FAQ’s
What trading platforms does Exness offer?
Exness offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. These platforms are available on desktop, web, and mobile devices.
What types of accounts does Exness offer?
It offers two types of trading accounts: Standard and Pro. The Standard account has no commissions and offers floating spreads starting from 0.3 pips. The Pro account has a commission of $3.5 per lot and offers floating spreads starting from 0.1 pips.
What is the minimum deposit required to open an account with Exness?
The minimum deposit required to open a trading account with Exness depends on the account type. The minimum deposit for the Standard account is $1, while the minimum deposit for the Pro account is $200.
What is the maximum leverage offered by Exness?
It offers high leverage up to 1:2000 on some account types. However, traders should note that high leverage can increase both potential profits and losses.
What deposit and withdrawal methods are available with Exness?
It offers a wide range of deposit and withdrawal methods, including bank wire transfer, credit/debit cards, e-wallets, and more. The availability of these methods may depend on the trader’s location.
Does Exness offer a demo account?
Yes, It offers a free demo account that traders can use to practice trading and test out the broker’s trading platforms and services.
What customer support options are available with Exness?
It offers 24/7 customer support in multiple languages, including English, Chinese, Arabic, Urdu, and more. Traders can contact customer support through live chat, email, or phone.
