Exness Review 2021 Pros and Cons Uncovered

Yes, Exness is a legitimate company with a strong reputation in the industry and is regulated by reputable financial authorities. When it comes to managing funds, Exness provides fast and efficient solutions. MT5 is the upgraded version of MT4 with a more advanced user interface and additional features for a better user experience. Traders can access popular indices to trade CFDs, such as the S&P 500, FTSE 100, and Dow Jones Industrial Average. We are not doing a detailed review of the MetaTrade terminals, as they are not the broker’s own software. Registration of the main platform in an offshore is compensated by licenses in Europe and extensive experience of operation.

  1. In our experience, Exness meets the various needs of South African traders.
  2. Exness offers a range of account types, with some featuring zero-commission trading and others entailing volume-based commissions.
  3. Exness provides swap-free accounts to traders in Islamic nations that follow Sharia law and even extends this service to some non-Islamic countries.
  4. At the moment, Exness is not actively advertising bonus programs.
  5. One of the most ignored trading costs is swap rates on leveraged overnight positions.

With superior market conditions, this account type caters to expert traders seeking optimized performance in their trades. The main feature of the broker, which is noted in the discussions by most of the company’s current clients, is the incredibly low spreads. Brokerage company Exness cooperates with a huge number of banking and commercial organizations that provide their services to perform financial transactions. When opening a real account, the user is offered up to 80 variants of currency units, including metal-currency combinations. Traders have access to breaking
market news right within their Personal area. This is a real-time news feed
that includes all the updates from the FXStreet Insights Team.

Is Exness regulated?

Deposit and withdrawal so easy and support team really responds on my query. Exness will no longer offer a Sign-Up Bonus, Welcome Bonus, or the advantages of a no-deposit Bonus for initial sign-ups or account registrations as of 2023. Exness does, however, provide its customers with regular giveaways and money-making events. Exness is a multi-regulated broker, and account verification is mandatory. Most traders will pass verification after submitting a copy of their ID and one proof of residency document.

Write a review

Exness does offer a live chat bot which is decent but it still couldn’t answer some basic questions like “Is there an inactivity fee”. It was however able to tell us the difference between the trading accounts and suggested a suitable page with further information. It also integrates with both MetaTrader 4 and MetaTrader 5 which is a big plus. Minimum deposits on Exness start from $10, but you’ll initially need to deposit $200 when first opening an account. You can withdraw as little as $2 and Exness doesn’t charge any withdrawal or deposit fees.

In general, we did find that they have a solid range of instruments available, including forex, stocks,
indices, metals, energies, and cryptocurrencies. In addition to those conditions, some other T&Cs apply to bonus credits. Credit Compensation is based on the amount of Credit/Bonus lost due to losing trades. A  client’s trading account can’t have a Credit/Bonus if the Credit Compensation is greater than the amount of Credit/Bonus calculated following the Net Deposit. The client activates the Credit/Bonus at 10% for their Trading Account.

Exness deploys its lightweight, user-friendly, web based proprietary Exness Trading Terminal, complemented by the mobile trading alternative Exness Trade App for Android and iOS devices. The former features 50 drawing tools and 100 indicators, and the latter has 24/7 in-app support, but both are only available for MT5 accounts and only support manual trading strategies. Famous for its narrow spreads, Exness offers rates as low as 0.0 pips on select forex pairs. Such compelling pricing proves highly beneficial to traders aiming at reducing trading costs or participating in high-frequency transactions.

Account details. bad experience

The outlier is in index
trading, where we encountered spreads above 6 pips for the DAX and over 7 pips
for the Dow 30. Looking
through the available data on spreads at Exness through their Standard account,
we did find most spreads are reported to be within the normal ranges you will
find throughout the industry. For example, spreads on the heavily traded
EUR/USD pair seem to remain at the 1 pip level.

Traders can access them via the Exness Personal Area, within the proprietary trading platforms, or MT4. Exness upgrades its trading environment with services by Trading Central, including the MT4 plugin TC Technical Analysis Indicator. I like the free VPS offer, which only requires a total deposit of $500, a minimum free margin of $100, and exness company review trading activity within the past 14 days. It is one of the most generous offers and ideal for demanding traders who require low-latency 24/5 market access without running their PC, like scalpers and algorithmic traders. I like the trading fees at Exness and the absence of swap rates on leveraged overnight positions on several assets.

Is Exness Regulated?

I didn’t want to risk it, so I opened a demo account on the Exness website. This amount is enough to practice and evaluate the functionality of the trading platform. The company’s commitment to the forex market is the broker’s identifying feature. It is one of the leaders by the number of the currency pairs offered for trading and low fees.

The commission-free Exness Standard and Exness Standard Cent account are ideal for casual and beginner traders. The margin call level is at 60%, and the minimum trade size is 0.1 lots and cent lots, respectively. The Exness Standard Cent account is also an excellent option for traders to test new strategies, EAs, and signal providers. The minimum deposit is $10 or payment processor dependent, and Exness notes that 80% of clients select the Exness Standard account.

Therefore, Exness is ideal for demanding short-term traders, like scalpers, to medium-to-long-term leveraged strategies. Yes, Exness does permit the utilization of trading bots or expert advisors (EAs) on its trading platforms, subject to specific guidelines and requirements. Traders have the freedom to employ EAs for automating their trading strategies and executing trades based on predefined criteria. Exness offers assistance for EA development and testing through its MetaTrader platforms, alongside educational resources and tools to enrich traders’ trading abilities and understanding. Exness is a well established
broker, with a long history and some unique offerings.

The interface is user-friendly and easy to understand even during learning. It has established itself as reliable and not overloading the hardware. However, https://broker-review.org/ there is a lack of orders and flexibility of timeframe settings. Exness is one of the leaders by the number of offered account currencies – over 60.

Exness Broker Leverage

The hedging system allows to open divergent positions in one instrument. It is suitable both for the beginner trading and for creation of advanced trading robots. To be fair, there is a notion of natural market spread and there is broker’s spread. So, there is no broker spread on these accounts, while there can be market fluctuations in not the most liquid instruments.

Exness provides various withdrawal options without any withdrawal fees. However, traders should be mindful of fees set by their payment providers. Exness does not specify a minimum deposit requirement, allowing traders to start with an amount that suits their financial situation. However, traders should be aware of potential minimum transaction amounts set by their payment providers.

This will help determine the real costs for purchasing or selling 1 BTC. Also, we are adding the offer of Binance cryptocurrency exchange, which is one of the leaders in the industry, to the table for better understanding of the situation. I’ve chosen Exness broker because i got used to make business only with strong and serious partners without cheating and tricks. Open my account 3 months ago and have already withdrawn earning several times. Plus, a couple of day ago i got some bonuses and i am glad that this company is trying to improve its trading conditions.

What distinguishes Exness is the ability for automatic order copying from various signal sources, each with its trading strategies and a track record of prior performance. Partners can choose rebate amounts ranging from 0% to 100% to fit their business model and client needs. The management of rebates is simple, with a dedicated Personal Area for creating, approving, and rejecting rebates. Environmental initiatives include reforestation projects and efforts to lessen their environmental footprint. Exness uses its global network to deliver effective aid during crises, including significant donations to COVID-19 relief and support for disaster relief activities worldwide.

Leave a Comment