Exness Review

Exness Review

Exness Review

Founded by a group of market professionals eager to create a fair and technologically advanced platform accessible to everyone, Exness has been on the market since 2008. Currently, it offers trading with more than 120 different assets, primarily relying on Forex and CFD options. The company has seen a big success through its existence, and now they have more than 15 thousand new clients on a monthly basis. The key to their success is in constant development, understanding what traders need and want and implementing these requirements to their business operations. Here, you’ll enjoy top-notch performance delivered by advanced trading platforms, adjustable banking options, loads of additional trading tools and superb customer support. Also, Exness enables their clients to make an instant withdrawal request using various available transaction methods, thus giving traders complete control over their financials. But there is actually much more to Exness than one could think from reading these lines. Therefore, our experts have conducted a series of detailed tests and comparisons, thus ending up with this Exness review article. Here we’ll take a detailed look at all of the broker’s vital features, as well as discovering some unique offers. If you’re interested in successfully trading CFDs on the ever-changing stock markets around the world, keep on reading – you’ll be delighted with the results!

Exness Review | Why should you choose Exness?

Contract for difference, or CFD is one of the most popular trading options today, with many brokers trying to distinguish themselves by creating exotic and attractive offers to potential clients. If there are so many choices out there, why should you choose Exness over other CFD brokers? Well, there are many reasons why. First of all, you’ll be able to instantly withdraw all of your earnings using many available banking methods with 0% commissions and without any hidden fees. You can fund your account in more than 80 supported currencies by using the embedded currency converter. Also, latest market news and technical analysis will be delivered to you every day, with predictions for more than 120 supported currency pairs. As for the platforms, you can choose among MetaTrader 4 and 5 stand-alone desktop applications, but you can also access MT4 through your browser, or install the specifically tailored mobile app. To protect your privacy, a free VPS hosting will be activated for your account, leaving your actions hidden from any potential threat. By offering lowest spreads and unlimited leverage paired with account opening requirement of 1$, Exness is really dedicated to bring fairness and joy of trading to every customer. We should also mention multi-language support, exclusive partnership program and a number of awards and recognitions given by prominent trading institutions. That being said, it’s pretty obvious why you should start trading with Exness. If you still have doubts, just keep on reading our detailed Exness review and discover more about the broker’s key features. Let’s start with banking requirements and options!

Exness Features

Exness Features

Exness Review | Banking

Exness clients can choose among various banking methods, all of them having fast execution and low-to-zero commission. Deposits can be made using wire transfer, major credit cards or e-wallets like Skrill and Neteller. Minimum deposit is set between 3$ for card transfers and 10$ for other methods, while the commission is 0% for all methods. Depositing through wire transfer may take up to 5 business days, while credit card and e-wallet deposits are instantly reflected on your trading account.

All the aforementioned methods can be used when withdrawing your funds as well, with the addition of internal transfer. Minimum withdrawal amount varies depending on your preferred method, ranging from 1$ for internal transfers all the way to 40$ if you use wire transfer. Maximum amounts range from 2000$ for withdrawals made by Neteller, up to 1000 000$ for internal transfers. Wire transfer may take 3 to 5 business days, while credit card withdrawals can last up to one week. Other methods will instantly transfer money back to your bank account.

Exness Banking Methods

Exness Banking Methods

When talking about banking options, it’s good to mention several general rules applied to all clients. Due to anti-money-laundering policy, your withdrawals can only be sent back to the bank account connected to your trading account. Also, no third-party person can make a deposit to your trading account. Finally, you can submit your withdrawal request 24 hours a day, 7 days a week, and it will be processed in the working hours. And that’s pretty much it when it comes to banking options offered by Exness. We have tested all of them with both depositing and withdrawing funds, and we’ve never encountered any problems at all. Therefore, we believe that Exness is a top broker in terms of quality and handling banking procedures. But the story about banking options can’t be completed without reviewing the security measurements and compliance procedures that ensure the safety of your funds and personal data. Keep on reading and find out all about them!

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Exness Review | Security and compliance

With Exness, providing top-quality protection of the traders’ funds and personal information is always the highest priority. Being a market leader when it comes to Forex trading, this broker has implemented specific protection system, as well as compliance procedures that guarantee the ultimate safety of sensitive data. Exness maintains a strong partnership with major global banks such as Barclays, OCBC Bank and Baltikums, in order to secure the safest environment for traders to store and withdraw their personal funds. Due to strict policies, Exness stores all the clients’ deposits to the segregated accounts held with aforementioned banking companies. This means that, in case of company’s insolvency or any other financial problem with Exness, your funds will be kept safe and unaffected by any unforeseen event. Also, thanks to identity recognition technology paired with world-class SSL encryption, only you will be able to access your trading account, and all transactions will be encrypted permanently to ensure that no one can see the sensitive information. It’s worth of mentioning that, thanks to risk management service, your account will always be kept safe from falling into negative balance, which could result in some extra financial charges. All in all, security with the Exness is truly on the highest level, as it is expected from a world-famous company.

Exness Security Of Funds

Exness Security Of Funds

As for the compliances, Exness is a proud fighter against money laundering. This denotes the ways of introducing so-called “black money” made by illegal operations to the worldwide market, by using fake accounts and investing significant amount of funds. To prevent this from happening, each newly registered client must undergo an account verification procedure. Although it may sound intimidating, it is a short process of providing your personal information to prove your identity, and is actually a common process among top brokerage companies. Upon registering your account, you’ll be asked to provide several documents – colored copies of your photo ID, utility bill and credit card, if you select it to be your primary banking option. These document serve as proofs of identity, residency and payment, respectively, and are a rock-solid proof that you are not opening a fake account. You’ll need to complete this procedure only once, and all the provided documents will be kept safe by Exness and won’t be sold to third-party companies. To conclude, we are more than thrilled to see this kind of security measurement provided by Exness, and we can honestly guarantee that you don’t have to worry about your data and money when trading here. Now that we’ve analyzed security and compliance, it’s time to take a closer look at the available account types. Keep on reading and see which one is ideal for you!

Exness Review | Account Packages

In order to start trading with Exness, you’ll need to open a free trading account. Depending on your initial deposit, you’ll be granted one of three account types – Mini, Classic or ECN. Also, if you want to test the platform before investing, you’re free to open a trial account which will enable you to emulate trades with virtual money. In this part of Exness review, we’ll give a quick overview of each account type’s key features, so do stick around.

Exness Account Types

Exness Account Types

If you choose to open a Mini account, you’ll be asked to deposit only 1$, making it the most affordable account package offered by Exness. You’ll also have unlimited leverage and spreads starting at 0.3 per pip. Minimum position volume is set at 0.01 lot, while the maximum is unlimited – however, if you trade between 9pm and 6am, it is set at 20 lots. You can have as much as 100 positions opened at the same time, with margin call at 60% and “Stop Out” at 0% of your initial investment. Mini account is a great choice for newcomers and the ones that want to thoroughly test the platform before investing more funds. Classic account, on the other hand, requires at least 2000$ worth of deposit for activation. It will also give you unlimited leverage, but lowering the spreads down to 0.1. Minimum volume of position goes down to 0.1, while the maximum amount stays the same as with the Mini account type. Here you can have unlimited number of positions opened at every moment, with margin call/stop out ratio of 30/0 percent. Both Forex and CFD orders are executed instantly through market execution. As you can see, Classic account is more suitable for experienced traders who have the required knowledge of market needed to predict correct trades. You can also open an ECN account, which is reserved only for Forex assets pairs. You’ll need to deposit at least 300$ to open it, and you’ll be granted with leverage ratio of 1:200. There is also a commission of 25$ which will be charged when you invest in more than 1 million dollars worth of trades. Spreads go from as low as 0.0, minimum volume from 0.01 lots, while the maximum volume is unlimited regardless of the time of the day. Hedged margin is set at 100%, margin call at 100%, and stop out at 50%, with automatic access to interbank market. If you are specialized in Forex trading, you’ll surely find the features of ECN account type fantastic.

We should also mention that you can open a demo account by choosing any of the available regular account types. That way you can directly test all the account’s main features, as well as various trading platforms offered by Exness. It will enable you to devise and compare your trading strategy to some other investment methods, so that you can understand which approach to trading suits you best. This is a great way to get familiar with the platform, before risking your own capital. And what platforms are offered here? Keep on reading and find out!

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Exness Review | Trading interfaces

Now that we’ve seen what account packages await you here, this part of Exness review will analyze the key features of available trading platforms. The first one is MetaTrader 4, currently considered the best application for conducting trades in the world. You can submit a huge number of forex trades and choose whether they’ll be executed instantly or through market. Thanks to user-made scripts called expert advisors (EA), you can automate market analysis and trade placements, and you can even write your own scripts and implement them in the trading interface. Of course, you can do a manual market research using various in-app tools and indicators, while the technical analysis algorithm is provided by Trading Central, a respected international agency focused on trading. Also, the platform is completely secure, because all the sensitive information are protected with impenetrable 128-bit encryption system. MetaTrader 4 supports Windows, Mac and Linux-based computers, as well as iOS and Android-powered devices. You can download it directly from the broker’s website and start trading in a matter of minutes. Bear in mind that, if you want to have full control over several accounts at the same time, you can download MT4 Multiterminal, which is supported only on Windows operating systems.

Exness Trading Platforms

Exness Trading Platforms

Although not as popular as its predecessor, MetaTrader 5 is also available for download, but only for mobile devices. MT5 adds support for new financial instruments – shares and options, while also introducing Buy and Sell Stop Limit order types. Execution types are broadened with two more options – Fill or Kill and Immediate or Kill, giving you even more possibilities in critical moments. Development terminal is now launched directly from the trading platform, with the new scripting language (MetaQuotes Language 5) fixing some old bugs and introducing new functions and visual interpretations. Also, with the new charting technology, you can now track up to 21 trades at the same time. Finally, if you don’t want to hassle with installation procedures, you can always sign in to the broker’s WebTerminal. Based on the famous MetaTrader interface, it is completely browser-based and requires only your account credentials to commence trading. It has all the vital functions already seen on MT platforms, but with added security and advanced encryption methods. Of course, if you’re more of a trader-on-the-go type, just install mobile versions of either MT4 or MT5 trading interface and enjoy the great experience wherever you are. And that’s about it when it comes to broker’s trading platforms. We can guarantee that all of them are of top quality and have superb security systems, so no matter which one you choose, you can’t go wrong. But there are some additional, stand-alone tools available at Exness webpage that could significantly increase your odds in the market. Want to know more about them? Keep on reading!

Exness WebTerminal Features

Exness WebTerminal Features

Exness Review | Trading Tools

As we have mentioned, aside from fantastic palette of trading platforms, Exness has developed a series of handy tools that can prove useful when analyzing which trades should end up in the money. The first one is called economic calendar, and it basically aggregates all the important market events of the day, ranking them by their impact factor. You can choose which currencies to monitor and on which basis – daily or weekly. Since it shows the prediction of the future market price comparing to the past trends, it can show you which assets could experience significant price changes in the near future. Analytics section is the compilation of reviews and market news regarding currency pairs and important world events. Using these information may help you with predicting price fluctuations and choosing the right strategy.

Exness Web TV

Exness Web TV

WebTV, powered by Trading Central, is a stream of market news delivered straight to you from the New York’s stock exchange, giving you a glimpse of what’s going on in the market. Trader’s calculator returns the amounts of margin, profit, swaps and volume based on your account type, lot, leverage, exchange type and account currency. Also, it serves as a fast and handy currency converter. Quotes history shows past prices of selected currency pairs, which is very useful when trying to establish price trends. And finally, Account monitoring shows a list of public accounts and their profitability over time. To conclude, this handful of tools is a valuable addition to main trading interfaces, and they will surely increase your winning chances, or help you with discovering the right approach to trading. Sounds too good to be true? Worried about possible scam behavior? See why you should rest assured!

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Exness Review | Regulation

Many traders still don’t understand that, when choosing your broker, you shouldn’t only look for great trading conditions, but also do a bit of a background check. A large number of brokers bragging about unmatched trading requirements are not regulated – meaning, there is no governing organization monitoring their behavior. Sadly, this often results with thousands of dollars missing from clients’ accounts, with no reply from the customer support. Scammers are everywhere, and the only solid proof of a broker’s legitimacy is regulation. Fortunately, Exness is fully licensed and regulated with CySEC, under the number 178/12. Exness is also a member of Investor Compensation Funds, an organization ensuring that withdrawals can be made even in the moments when a broker is unable to afford it. This is a true proof of this broker’s legitimacy because, due to strict regulatory policies and standards imposed by CySEC, there is absolutely no chance of any scam movements.

Exness Regulation

Exness Regulation

Apart from CySEC, Exness is recognized all over the Europe as well. Various financial institutions, such as BaFIN in Germany, AFM in Netherlands or CONSOB in Italy have registered Exness as a legal brokerage company. Therefore, there is really no need to worry about the safety of your funds or personal information – with Exness, they are ultimately safe. Having said that, we believe that it’s time to bring this extensive Exness review article to its end.

Exness Review | Conclusion

At the very end of our Exness review, we must once again state that our expectations were more than met. We’ve introduced a fairly young, but growing company that understands what traders want and knows how to give them that. We were thrilled right from the very start – a variety of banking methods were functioning fantastic, just like the mandatory compliance procedures and security measures. Honestly, we felt like this broker is impenetrable, which was confirmed with the list of regulatory agencies confirming the broker’s legitimacy. Fantastic and versatile trading platforms combined with useful tools are a strong basis for building your own, unique and successful trading strategies. Pair that with custom-tailored account packages and you’ve got yourself an ideal Forex and CFD broker. We truly believe that, among the vast number of brokers, Exness really stands out due to its unquestionable quality and reliability. We can only advise you to open a free trading account, take a tour of the platform and treat yourself with unique trading experience. What are you waiting for? Start trading with Exness and discover real powers of world markets!

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Author's overall rating:
Author: Ben Prescott
Updated:

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