We have received questions from traders asking if Exness is a credible broker.
In response, we would first have to make you understand that all brokers have their strengths and drawbacks
So it all rests on the client to know which strength will be suitable enough and align with his/her trading strategies. And which weaknesses they can deal with.
But for us, we think that Exness is a valid broker.
About Exness Forex Broker Trading Platforms
Exness is a Forex Broker established in 2008 by a group of finance and information technology experts.
It introduces itself as a vendor that offers traders online forex services on numerous trading platforms such as, MT4, MT5, web and mobile platforms.
This broker is a MetaTrader-only broker administered in the EU granting considerable account types and forex pairs for traders.
And it has since its establishment, increased steam in the market and now brags about virtually 60,000 effective client accounts from all over the world.
What Exness Forex Broker Says it Offers
Exness presents itself as a broker that offers users the proficiency to trade on a broad span of asset grades covering forex and CFDs on crypto, metals, energies, stocks, and Indices, across 5 core trading accounts.
It also claims it offers more than 110 currency pairs, gold, silver, oil, bitcoin and other cryptocurrencies for a client’s private investment and trading options.
Exness Forex Broker Account Types
Exness offers 4 account types.
These account types are favorable for both novice and skilled traders.
Below is a detailed explanation of them:
- The Standard Cent
- Standard Pro
- Standard Zero
- The ECN account.
- Standard Cent account is convenient for traders who are new in the field.
It is the best account type for starters who have little or no trading experiences.
This account allows them to deposit a small amount of money to trade small positions. It also allows them to have low margin conditions.
Below are the trading requirements for the standard cent account designed for starters:
It allows for a low spread which is from 0.3 pip for most of the main currency pairs.
It allows for low margin conditions because a client can prefer to use high leverage up to 1: unlimited, or to minimize his/her margin.
Minimum deposits are not imposed on this account type.
Traders are open to deposit as low as they want.
It is essential because beginners should never trade with a huge amount of money as they might lose out if the broker is a fraud.
Small deposits can be used to test the waters, to practice and then increase their training volume or deposits after they have learned how genuine the broker is, contented with the broker’s services, and have mastered the account type.
- Standard Pro is designed for professionals.
This account has good trading conditions for professional traders. It also offers scalpers like low-spreads accounts longterm investors like swap-free accounts.
And it is important to know that the lower the spread, the better the account.
So, the standard pro account enables for low spread from 0.1 pip.
No trading commission is attached.
It allows for unlimited leverage.
The minimum deposit for this standard pro account is $2000.
- The Standard Zero and ECN accounts are designed for traders who are already experts in their fields.
They are best for experts in the trading industry because trading EXN means that the user is trading in the real market.
These are very difficult account type because the ECN quotes are more volatile than regular accounts.
And also, these accounts require a commission for each trade.
Exness Forex Broker Deposit and Withdrawal Methods
Deposit methods for Exness include:
- Local Bank Deposits
- Local Bank Transfers
While the withdrawal methods include:
Exness offers users the ability to deposit and withdraw funds without charges.
Is Exness Forex Broker Licensed/
Exness broker is licensed by Cyprus Securities and Exchange Commission (Cyprus) and the Financial Conduct Authority (United Kingdom).
This implies that every client at Exness all retain absolute safety from Exness.
Even if Exness defrauds a client, the law will be sure this client gets a reimbursement and Exness will be penalized.
If there’s a need to contact Exness, clients can reach them via:
Telephone: +357 25 030 959
1, Siafi Street Porto Bello, Office 401 Limassol, 3042 Cyprus.
This broker also offers assistance via Live Chat and in English, Chinese, and in 11 other languages including Russian, Thai, Indonesian, Arabic, Hindi, Bengali, Vietnamese, Korean and more.
We recommend trading with Exness because it is a great place for forex trading, commodities and cryptocurrencies trading for UK, EU, and international residents.
Another plus is that it is highly regulated and operates a secure environment that instills confidence in potential clients/traders.
It’s withdrawal method/process is one of it’s best advantages as it happens automatically without human intervention.
Its withdrawal speed beats other forex brokers.