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EXNESS Review
EXNESS general information
Founded in: | 2008 year |
Headquarters: | Cyprus |
Offices in the country: |
United Kingdom, Cyprus, China, Malaysia |
Minimum Deposit: | 0 $ |
Website: | www.exness.com |
Website languages: |
English, Arab, Bengal, Vietnamese, Indonesian, Spanish, Italian, Chinese, Korean, Malay, Deutsch, Persian, Portuguese, Russian, Thai, French, Hindi |
Execution model: | NDD, ECN, STP, MM |
Deposit currency: |
USD, EUR, GBP, AUD, CHF, CAD, CNY, NZD, RUB, TRY, IDR, INR, AED, SAR, JPY |
Support languages: |
English, Arab, Bengal, Vietnamese, Indonesian, Chinese, Malay, Persian, Russian, Thai, Hindi |
Regulated by: |
FCA (United Kingdom) license №730729 CySEC (Cyprus) license №178/12 |
Mobile trading: | iOS, Android |
Types of offered accounts: |
Demo accounts (with a time limit), Standard Accounts, ECN accounts, Cent accounts, Swap free accounts, Micro accounts, Segregated accounts |
Autotrading: | MQL.5 Signals |
Affiliate program: | Yes |
EXNESS Forex broker description
Under the trading name of Exness group, Exness has been in existence in the forex trading business since 2008. Ever since it has amassed itself a huge number of clients globally all wanting a taste of the awesome provision in trading with it.
Trading Accounts
Exness has three trading accounts that have been designed to meet the respective tastes of its many clients. Each account has some distinct features that are appreciated by each of the groups that they are intended for.
These trading accounts are the mini trading account, the classic account, and the demo account.
The Exness Mini Account
The Exness mini account is an account that has been designed with specifications aimed at newbie traders or small-scale traders. The following are among the notable features of this account type.
- No commissions charged.
- Allows deposits through e-currency channels and wire transfer.
- Spreads from 0.3.
- Has the stop order command to shield you from incurring deeper losses.
- Instant market execution.
The Exness Classic Account
This is an account type designed to fit the trading behaviors of professional and those with a vast experience in trading. It has advanced features and is a little bit sophisticated compared to the mini account.
Among the features of this account type include:
- It is a commission free account meaning no commission is charged at all on trading,
- Leverages of up to 1: 2000.
- Allows deposits from both wire transfer and e-currency.
- Offers lucrative spreads from 0.1 pips.
- Offers clients access to the interbank market.
- Fast market execution.
- Has the stop order command.
- No limit on the number of positions.
The Exness Demo Account
The Exness demo account is a special account that has been set to meet the needs of new clients with little or no idea about the forex trading concept. The account will introduce a new client to forex trading and will allow the client to learn on execution trades as well as execute trades though in a virtual manner. There is some virtual cash that will help the client know how to execute his or her trades. This account serves as an initiation tool to clients before they can cross over to live trading on either the mini or classic account.
The Company. Security Of Funds.
Exness as earlier indicated was founded in 2008 by a group of like-minded individuals with interest in the forex trade. The outcome has been a steady growing fir that has managed to make a big name out of itself in the globally in the forex circles. Due to this globalization Exness has managed to penetrate various countries around the world by offering its top-notch services. This has made it restructure and it is operational in almost 13 languages.
The firm has a dedicated and highly qualified personnel that helps the clients with queries or issues arising while they are trading. The personnel will help solve their issues as well as offer advisory services which are a plus to any client. This also reflects in their specially designed and tendered products that bids to offer competitive services to all of its clients despite different needs and preferences.
Exness is a credible company with all its licenses on check apart from getting a pass to operate by various regulatory authorities in territories it operates from. Among the licenses it has acquired include:
- Licensed and given a clean bill of operation by the United Kingdom's financial conduct authority (FCA).
- Licensed to operate in Cyprus by the Cyprus Securities and Exchange Commission (CySEC).
- It also has been licensed by the concerned regulatory authorities in Spain, Italy, Sweden, the Netherlands, and Germany.
Still, on its credibility, Exness has ensured that clients' funds entrusted to them are kept safe and secure and this upholds their integrity and trust with its many clients. Among the measures put across to ensure the safety of such funds includes:
- Partnering with major banks that are very credible. Such banks include Barclays bank, Baltikums bank and OCBC Bank.
- Segregation of clients' funds from the firm's operation funds in a bid to prevent a mix-up.
- Ensuring proper risk management strategies to prevent unwarranted losses that may affect the clients’ funds.
- Exness is a member of various compensational schemes that will sort out clients’ issues concerning funds in case of liquidation of the firm.
Trading Conditions
Minimum Initial Deposit
The minimum initial deposit varies from the two accounts. The mini account has its minimum deposit set at $1 while the classic account has its minimum deposit set at $2000. This will serve as your base capital in your trading activities.
Commissions And Spreads
All accounts are commission free and have very tight spreads from 0.1 pips for the classic account and 0.3 for the mini account.
Trading Platforms
Exness uses among the best trading platforms that help in the fast and efficient execution of trades by its many clients. These platforms include the MetaTrader 4, the MetaTrader 5, the mobile platform and the mt4 web platform.
Among the key advantages of these platforms include:
- Provision of quality charting and analysis tools.
- A user-friendly and easy to use interface.
- Compatibility with a host of devices, operating systems, and browsers.
- Secure in protecting clients’ information and identity.
- Fast trade execution speeds.
Promotions
The following are the promotions currently on offer at Exness.
- Partners are entitled to a stipulated bonus on the total earnings from trading.
- Features an affiliate program that will entitle you to a certain commission on putting Exness’ banners on your website.
Deposits And Withdrawals
Deposits and withdrawals are easy to execute and use modes such as Neteller, skrill, visa, and MasterCard. There is no limit to withdraw or deposit. There are two ways to transact ether commission free or instant. There are no transaction charges if you use the commission-free mode, however, it is relatively slower. In instant, you will be charged a certain amount.
BRIEFLY ABOUT Exness
Exness is a very legitimate trading firm if you are to judge by the plenty of partners it has and also Exness customer reviews and comments. The specially tendered services and products are so welcoming and will definitely provide a client with an awesome trading experience. This is a trader that is strongly recommended to anyone both the new and experienced in the forex trading concept.
Trading accounts of EXNESS
- Mini
- Classic
- ECN
- Cent
Trading platforms: | MetaTrader 4, MetaTrader 5, Meta Trader 4 Mobile, MetaTrader 5 Mobile |
Minimum Deposit : | 0 $ |
Deposit currency : |
USD - US Dollar EUR - Euro GBP - British Pound AUD - Australian Dollar CHF - Swiss Franc CAD - Canadian Dollar CNY - Chinese Yuan Renminbi NZD - New Zealand Dollar RUB - Russian Ruble TRY - Turkish Lira IDR - Indonesian Rupiah INR - Indian Rupee AED - Emirati Dirham SAR - Saudi Arabian Riyal |
Trading instruments:
| Forex1:2000 Metals1:2000
Energy sources1:2000 Cryptocurrencies |
Minimum position size:
| 0.01 лотов |
Maximum position size:
| Not limited лотов |
Max. number of orders:
| 100 |
Execution type:
| Instant Execution |
Swap Free:
| Yes |
VIP Account:
| Not |
Spread type:
| Floating |
Decimal places:
| 5 characters |
Margin Call:
| 60 % |
Commission:
| Not |
Phone trading:
| Not |
Trading platforms: | MetaTrader 4, MetaTrader 5, Meta Trader 4 Mobile, MetaTrader 5 Mobile |
Minimum Deposit : | 2000 $ |
Deposit currency : |
USD - US Dollar EUR - Euro GBP - British Pound AUD - Australian Dollar CHF - Swiss Franc CAD - Canadian Dollar CNY - Chinese Yuan Renminbi NZD - New Zealand Dollar RUB - Russian Ruble TRY - Turkish Lira IDR - Indonesian Rupiah INR - Indian Rupee AED - Emirati Dirham SAR - Saudi Arabian Riyal |
Trading instruments:
| Forex1:2000 Metals1:2000
Energy sources1:2000 Cryptocurrencies |
Minimum position size:
| 0.1 лотов |
Maximum position size:
| No limit лотов |
Max. number of orders:
| |
Execution type:
| Instant Execution |
Swap Free:
| Yes |
VIP Account:
| Not |
Spread type:
| Floating |
Decimal places:
| 5 characters |
Margin Call:
| 30 % |
Commission:
| Not |
Phone trading:
| Not |
Trading platforms: | MetaTrader 4, Meta Trader 4 Mobile |
Minimum Deposit : | 300 $ |
Deposit currency : |
USD - US Dollar EUR - Euro JPY - Japanese Yen GBP - British Pound AUD - Australian Dollar CHF - Swiss Franc CAD - Canadian Dollar CNY - Chinese Yuan Renminbi NZD - New Zealand Dollar RUB - Russian Ruble TRY - Turkish Lira IDR - Indonesian Rupiah INR - Indian Rupee AED - Emirati Dirham SAR - Saudi Arabian Riyal |
Trading instruments:
| Forex1:200 Metals1:200 Energy sources1:200 |
Stop Out:
| 50 % |
Minimum position size:
| 0.01 лотов |
Maximum position size:
| No limit лотов |
Max. number of orders:
| 2000 |
Execution type:
| Market Execution |
Swap Free:
| Not |
VIP Account:
| Not |
Spread type:
| Floating |
Decimal places:
| 5 characters |
Margin Call:
| 100 % |
Locked Margin level:
| 100 % |
Commission:
| 25 USD per 1,000,000 USD of trades |
Phone trading:
| Not |
Trading platforms: | MetaTrader 4, Meta Trader 4 Mobile |
Minimum Deposit : | 1 $ |
Deposit currency : |
USD - US Dollar EUR - Euro GBP - British Pound AUD - Australian Dollar CHF - Swiss Franc CAD - Canadian Dollar CNY - Chinese Yuan Renminbi NZD - New Zealand Dollar RUB - Russian Ruble TRY - Turkish Lira IDR - Indonesian Rupiah INR - Indian Rupee AED - Emirati Dirham SAR - Saudi Arabian Riyal |
Trading instruments:
| Forex1:2000 Metals1:2000
Energy sources1:2000 |
Minimum position size:
| 0.01 лотов |
Maximum position size:
| 100 лотов |
Max. number of orders:
| 1000 |
Execution type:
| Instant Execution |
Swap Free:
| Not |
VIP Account:
| Not |
Spread type:
| Floating |
Decimal places:
| 5 characters |
Margin Call:
| 60 % |
Speed of execution:
| 0.01 sec. |
Commission:
| Not |
Phone trading:
| Not |
Monitoring of EXNESS's Mini account
EXNESS spreads All spreads EXNESS
EUR/USD | GBP/USD | USD/CHF | USD/CAD | USD/JPY | AUD/USD | NZD/USD | EUR/AUD | |
Live spread | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Average spread for the past 30 days Average spreadInterval: | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
EXNESS quotes All quotes EXNESS
EUR/USD | GBP/USD | USD/CHF | USD/CAD | USD/JPY | AUD/USD | NZD/USD | EUR/AUD | |
Ask | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Offers | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
EXNESS swaps All swaps EXNESS
EUR/USD | GBP/USD | USD/CHF | USD/CAD | USD/JPY | AUD/USD | NZD/USD | EUR/AUD | |
Long | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Short | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Contacts of EXNESS
Recent customer reviews of EXNESS
Advantages: Good educational materials
Disadvantages: They take your money
Comment: I had a terrible experience with Exness. Despite taking my money, they never paid out or even bothered to reply to my queries. I tried to contact them multiple times, but I was always met with silence. It's been months now, and I'm still waiting for my payout. Its’s a terrible service, I stopped using the service as soon as I notice I’m able to make withdrawals from my trades on benarmstrong-trades. com, but either way, I would not recommend Exness to anyone. Do yourself a favor and stay away from them. They will take your money but will not fulfill their responsibilities.
Advantages: Read more in the comments
Disadvantages: No shortcomings have been identified
Comment: The broker provides a number of advantages to forex traders. The broker's leverage allows traders to increase their purchasing power, which can be especially useful for those with small investments. Competitive spreads give an advantage over other brokers, which means that traders can get better prices for their trades. The broker also offers access to a wide range of markets, which allows traders to diversify their portfolios and take advantage of different market conditions. Finally, its technical support service is available around the clock and seven days a week to resolve any issues that may arise during trading sessions.
Went through all the comments, I found some painful, while some were funny. My conclusion is most people can still get scammed just because they can’t read in- between the lines. I’ve be victimized. Now I have a resident expert and a professional hacker who helped me recover my funds and so far, it had been worth it. Hackers easily know a bitcoin scam. You just have to make one your friend if you really want to make it big in the market, contact: Trustworth at consultant dot Com. Chat: +44 7848 146781
Hello Angel Ford, We really appreciate you taking the time out to share your experience with us. We are a company that is constantly evolving and your feedback helps us in improving our offerings. We do hope that you will continue using our platforms so that we can deliver the exceptional service you deserve. Regards, The Exness Team
Advantages: Great for novice and professional traders
Disadvantages: Customer support takes a lot of time to solve the problem
Comment: In general, I can say that I'm more than satisfied working with this broker, it provides all the necessary services with convenient platforms. I used to struggle with the withdrawal there at some point, and customer support took forever to help me, but it was one time, that's why only 4 stars. But I hope I won't have to deal with anything like that in the future, and by far, everything has been going pretty well and fast.
Dear Willie Taylor, We really appreciate you taking the time out to share your experience with us. We are a company that is constantly evolving and your feedback helps us in improving our offerings. We do hope that you will continue using our platforms so that we can deliver the exceptional service you deserve. Regards, The Exness Team
EXNESS analisis & forecasts
All analysis EXNESSBuy above 10332. Stop loss at 7902. Take profit at 12808 and 14497. Reason for the trading strategy (fundamentally): There is still tremendous doom and gloom about Bitcoin and the only reason we are seeing a correction is bec ...
Read moreSell below 1.2203. Stop loss at 1.2253. Take profit at 1.2089. Reason for the trading strategy (technically): Price has broken major support-turned-resistance at 1.2203 (Fibonacci retracement, horizontal pullback resistance) ...
Read moreBuy above 1326. Stop loss at 1321. Take profit at 1332. Reason for the trading strategy (technically): Price is testing major support at 1326 (Fibonacci retracement, horizontal overlap support, bullish harmonic formation) and ...
Read moreEXNESS bonuses, contests and promotions
All bonuses, promotions, contests EXNESS
Exness proudly presents a unique bonus program where you can receive bonus for every lot traded, and win additional funds at the same time! Join its ...
participate
Be the best Forex trader and receive real trading funds available for withdrawal! This contest by Exness for demo account holders is a perfect avenue ...
participate
Join Exness’ Forex World Cup and beat other Forex traders to win up to $3000! The interesting part of the contest is that the contest is held on ...
participate