Exness

What is Exness?

Exness is a global forex and CFD broker with offices in Seychelles, BVI, and South Africa. Exness has won numerous awards as a retail broker and offers a stable and reliable trading environment with tight spreads and no hidden commissions. Exness provides trading via MetaTrader 4 and offers a variety of CFDs and futures on a range of markets.

Overall Exness Ranking

Based on our expert findings, Exness offers good trading conditions for various traders, including African clients and beginners. Exness has good education and a selection of platforms. However, Exness does not offer a very wide range of trading instruments and is limited to offering European trading, since it changed its licenses and is now mainly operating via international entities. Additionally, Exness’s spreads are within the average, and some brokers may have slightly lower spreads and better regulations.

Overall Ranking: 8 out of 10

Compared to Other Popular and Industry-Leading Brokers

Awards

Exness is a relatively new forex broker, but it has quickly gained a reputation for excellence. The company has won numerous awards, including:

• Best Customer Service at the Global Forex Awards 2022
• Best Trading Technology at the Forex Awards 2023
• Best Overall Forex Broker at the World Finance Forex Awards 2023

Exness is also a proud sponsor of world-class organizations such as Real Madrid and Cristiano Ronaldo.

Awards

Exness is a relatively new forex broker, but it has quickly gained a reputation for excellence. The company has won numerous awards, including:

• Best Customer Service at the Global Forex Awards 2022
• Best Trading Technology at the Forex Awards 2023
• Best Overall Forex Broker at the World Finance Forex Awards 2023

Exness is also a proud sponsor of world-class organizations such as Real Madrid and Cristiano Ronaldo.

fx-exness.com

Exness Awards

Social Responsibility

Exness takes an active role in social life. The company supports a variety of charitable initiatives, including:

• The Exness Social Fund, which provides financial assistance to people in need
• The Exness Sports Foundation, which supports the development of youth sports
• The Exness Education Foundation, which provides educational opportunities to underprivileged children

Is Exness a scam or a safe broker?

Exness is a safe broker. It is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa. However, it is important to note that Exness’s licenses have changed in recent years. It used to be regulated by the Cyprus Securities and Exchange Commission (CySEC), but it is now mainly regulated by the FSCA and an international license from the Seychelles Financial Services Authority (FSA). The FSA is less stringent than the FSCA and CySEC, so it is important to be aware of the risks involved in trading with Exness.

Where is Exness located?

Exness has offices in Seychelles, BVI, and South Africa. However, its international license allows it to provide financial products and services worldwide.

Conclusion

Exness is a safe broker, but it is important to be aware of the risks involved in trading with it. Traders should compare Exness to other brokers before opening an account.

Here is a more concise version of your text:

Is Exness a scam or a safe broker?

Exness is a safe broker, but it is important to be aware of the risks involved in trading with it. It used to be regulated by top-tier financial authorities, but it is now mainly regulated by the FSCA in South Africa. Traders should compare Exness to other brokers before opening an account.

How are you protected?

Exness is a regulated broker, which means that it must comply with certain rules and regulations in order to operate. This includes protecting its customers’ funds and providing them with a fair and transparent trading environment.

Exness offers the following layers of protection:

• Customer protection: Exness segregates customer funds from its own funds, which means that customer funds are safe even if Exness goes bankrupt. Exness also participates in an investor compensation fund, which provides additional protection to customers in the event of Exness’s insolvency.
• Money segregation: Exness keeps customer funds in segregated accounts, which means that they are separate from Exness’s own funds. This helps to protect customer funds from being used for other purposes, such as to cover Exness’s losses.
• Investor compensation fund: Exness is a member of the Investor Compensation Fund of South Africa (ICFS). This means that if Exness becomes insolvent, customers may be able to claim compensation from the ICFS.

In addition to these layers of protection, Exness also offers a number of other features to protect its customers, such as:

• Negative balance protection: This ensures that customers cannot lose more money than they have deposited in their accounts.
• Price protection: This protects customers from sudden price movements by automatically closing their trades at a certain price.
• Risk management tools: Exness offers a variety of risk management tools to help customers manage their risk, such as stop-loss orders and take-profit orders.

Overall, Exness offers a good level of protection for its customers. However, it is important to remember that no investment is guaranteed, and there is always the risk of losing money when trading.

Leverage

Like most forex brokers, Exness offers leverage, which can increase potential gains by multiplying the initial account balance. Leverage levels vary depending on the instrument traded, as well as regulatory restrictions and the trader’s level of experience.

Based on my research, the following leverage levels are currently available for Exness clients in Europe:

• 1:30 for major currencies
• 1:20 for minor currencies
• 1:10 for commodities

However, Exness’s global entity may allow much higher leverage ratios, up to 1:1000, depending on the client’s country of origin.

It is important to note that leverage can also increase potential losses, so it is important to use it carefully. Traders should always learn how to use leverage correctly before using it in live trading.

Account types

Exness offers a wide range of accounts, including Standard, Cent, and Professional ECN accounts. It also offers demo accounts for traders to test strategies before trading live. The specific account offerings available to traders may vary depending on their jurisdiction.

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Exness Accounts

Exness offers a variety of accounts to suit the needs of different traders, including Standard, Cent, and Professional ECN accounts. Traders can also open demo accounts to test strategies before trading live. The specific account offerings available to traders may vary depending on their jurisdiction.

Exness Pros and Cons of Accounts:

Forex Contest

Exness offers a Forex trading contest where customers can compete for valuable prizes. The contest is held periodically, and the availability and eligibility for participation vary depending on the country of residence.

How to Open a Real Trading Account with Exness Trader

To open a real trading account with Exness Trader, follow these steps:

1. Go to the Exness website and click on “Open Account”.
2. Choose the type of account you want to open (Standard, Cent, or Professional ECN).
3. Enter your personal information and contact details.
4. Deposit funds into your account.
5. Once your deposit has been processed, you can start trading.

Recommendation

We recommend that you start with a demo account and practice trading before opening a real trading account. This will help you to learn how to use the platform and develop your trading skills.

Market Instruments

Exness offers a wide range of market instruments to trade, including:

• Forex: 107 currency pairs
• CFDs on stocks: Over 3,000 stocks from major global exchanges
• CFDs on indices: Over 30 indices, including the S&P 500, NASDAQ 100, and FTSE 100
• CFDs on energies: Oil, gas, and other energy commodities
• CFDs on metals: Gold, silver, copper, and other precious and base metals
• Cryptocurrencies: Bitcoin, Ethereum, Litecoin, and other popular cryptocurrencies

Exness Fees

Exness’s pricing is considered good, with low spreads for standard accounts or commission for ECN accounts, and no funding fees. However, there may be an inactivity fee depending on the trader’s country of residence.

Fees Comparison

Conclusion

Exness’s fees are competitive with other brokers, and its spreads are particularly low. Traders should check the inactivity fee policy before opening an account.

Exness Spreads

Exness offers a variety of account types with different spreads. The Standard Cent Account has spreads starting at 0.3 pips with no commission, while the Standard Account has spreads starting at 0.1 pips. The Professional ECN account has raw spreads plus a commission per trade, making it a good option for experienced traders.

Exness’s spreads are average compared to other brokers. Here is a comparison of spreads for the EUR/USD, Crude Oil WTI, and Gold markets:

Exness Rollover

Exness charges a rollover fee on positions held overnight. This fee is different for each instrument and can be either a fee or a refund. For example, the EUR/USD rollover fee is 1.2 pips, while the Crude Oil WTI rollover fee is 43 pips.

Traders should always consider Exness rollover or overnight fee as a cost, as it can impact their bottom line. To get a better picture of their overall costs, traders should check all additional fees before opening a trading account.

Exness Deposits and Withdrawals

Exness offers a variety of deposit and withdrawal options, including bank wire transfers, major credit cards, and e-systems such as Neteller and Skrill. Deposits are instant and there are no commission charges. However, your payment provider may charge a fee depending on your country of residence.

Exness Minimum Deposit

Exness has a low minimum deposit requirement of $10 for its standard account. This is a good option for beginners who want to start trading with a small amount of money. However, the professional account requires a minimum deposit of $200.

Traders should also be aware of the margin requirements for each trading instrument. Margin requirements vary depending on the instrument and the trader’s leverage level. Traders should always check the margin requirements before opening a trade.

Exness Minimum Deposit vs. Other Brokers

Most other brokers have a higher minimum deposit requirement than Exness. For example, many brokers require a minimum deposit of $500. This makes Exness a good option for traders on a budget.

Exness Minimum Deposit vs. Other Brokers

Exness has the lowest minimum deposit requirement of the four brokers listed above. This makes it a good option for beginners and traders on a budget.

How to withdraw money from Exness?

Exness does not charge any fees for withdrawals. Withdrawal options include bank wire transfers and cards. Please check with customer service before making any transfers to confirm if there are any fees that may be applicable due to your country of origin or payment provider.

Exness Trading Platforms

Exness offers two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are well-known and widely used in the industry.

MT4 is a convenient and functional trading platform that is suitable for traders of all experience levels. It offers a wide range of features, including:

• Technical analysis tools
• Charting tools
• Order management tools
• Expert Advisors (EAs)

MT5 is a more developed version of MT4 with powerful features and new possibilities. It offers all of the features of MT4, plus:

• More technical indicators
• More timeframes
• More order types
• A built-in economic calendar

Exness also offers mobile trading platforms and MT4 WebTerminal, which allows traders to access their accounts from anywhere with an internet connection.

Platform Ratings

Which platform is right for you?

If you are a beginner trader, MT4 is a good choice. It is easy to use and offers all of the essential features that you need to start trading.

If you are an experienced trader or need more advanced features, MT5 is a better choice. It offers a wider range of features and more powerful tools.

Web vs. Desktop

The web version of the trading platform is less advanced than the desktop version. If you need more customization and charting features, you should use the desktop version.

Exness Customer Support

Exness offers 24/5 customer service in 13 languages and 24/7 customer support in English and Chinese.

Exness Education

Exness offers its own education center, Exness Academy, to support and educate traders from all over the world. The academy offers learning materials tailored to different experience levels, covering everything from the basics to risk management and practice trading.