Hello Wootfi.com Visitors Today We Covered Exness Review . Please Read Our All review to know more about Exness Broker.
About Exness
Exness Trading Company has been working in the Forex market since 2008. The broker’s activity is managed by Nymstar Limited, a company registered in the Republic of Seychelles. The service is regulated by licenses of CySEC (Cyprus Securities Commission), FCA (Office of Financial Regulation and Supervision of Great Britain) and FSA (Office of Financial Regulation and Supervision of the Republic of Seychelles).
The broker holds the leading position in Forex ratings. The company’s monthly trading turnover totals $325.8 billion USD. The broker currently has CFDs available for cryptocurrency, stocks, more than 120 currency pairs, energy and metals. Exness’s service provides favorable working conditions for traders: low commission, instant execution of orders and withdrawal of funds. An infinite leverage makes it possible to earn on small deposits up to $999.
Exness at a glance
| Minimum Leverage | 1:2000 |
| Minimum Deposit | Standard, Standard Cent, Standart Plus – 1 USD, Raw Spread, Zero, Pro – $200 |
| Account Currency | USD |
| Year Founded | 2008 |
| Publicly Traded (Listed) | Yes |
| Bank | Yes |
| Mobile App | Available |
| Customer Support | Phone, email and live chat support 24/7. In person at local branches. Support also available via text, Facebook Messenger, Twitter direct message, Apple Business Chat and Amazon Alexa. |
| Headquarters | Cyprus |
| Official Website | Click Here To Visit |
How To Create Account At Exness
Exness offers many different account types with no minimum deposit requirements, which means US citizens of all financial backgrounds can sign up.
Deposit and withdrawal function of Exness
The account funding for this account is straightforward and user-friendly. There’s no deposit fee, but only USD is supported as a base currency. Wire transfers have a high fee.
Exness withdrawal fees
TD Ameritrade charges no fees for withdrawals in most instances. The exception we found was bank/wire transfer, at a cost of $25.
Exness Trading Fees
To begin with, fees are usually charged by Exness depending on the account type. Commission fees are levied on the Raw account for up to $3.5 and Zero Account from $3.5, respectively. Both Pro and Standard accounts are free of any commission charges. Exness brokers also charge an overnight fee if positions seem to be held for more than a day. Each instrument has its fees based on these overnight or rollover positions. They are either charged as a fee or provided as a refund.
In addition, the Standard account minimum deposit depends on payment system, and the Raw Spread account, along with the Zero and Pro accounts, have a minimum deposit of $500. Furthermore, there are no fees or charges on deposits and withdrawals, making the broker a better platform for trading. However, before completing any form of transfer, investors should check with their selected payment provider for further assistance, considering the payment provider may waive fees that the trader will be responsible for.
How does Exness work?
Exness is a forex broker that provides online trading services for currency pairs, indices, commodities, and cryptocurrencies. It operates as an ECN broker, connecting traders with liquidity providers to offer competitive prices and fast execution. To use Exness, traders open a trading account, deposit funds, and use the platform’s trading software to place orders. The company makes money by charging spreads and overnight financing fees.
Exness Tools & Platforms
Exness offers its clients access to various trading platforms, including:
- MetaTrader 4 (MT4): a widely used platform for forex trading that provides advanced charting, automated trading, and multiple order types.
- MetaTrader 5 (MT5): a newer version of the MT4 platform that offers enhanced technical analysis and market research tools.
- Web Trader: a browser-based platform that does not require software downloads and is accessible from any device with an internet connection.
- Mobile Trader: apps for iOS and Android devices that provide access to the forex market on the go.
Exness provides support for multiple languages and offers 24/7 customer service. The company also provides a range of educational resources and tools to help traders improve their skills.
High Grade Features Which Offer By Exness
Competitive spreads and fast execution
Exness operates as an ECN broker, providing access to deep liquidity and fast trade execution.
Multiple account types
Exness offers several account types to suit different levels of experience and investment goals.
Wide range of financial instruments
In addition to forex, Exness provides access to a range of other financial instruments, including indices, commodities, and cryptocurrencies.
Automated trading
Exness supports automated trading via the MT4 and MT5 platforms, allowing traders to use expert advisors (EAs) to execute trades automatically.
24/7 customer support
Exness offers multilingual customer support via live chat, email, and telephone 24 hours a day, 5 days a week.
Risk management tools
Exness provides tools such as negative balance protection, stop-loss orders, and margin call alerts to help traders manage their risk.
Security of funds
Exness holds clients’ funds in segregated accounts and uses advanced security measures to protect client information and funds.
Pros & Cons Of Exness
| PRO | CONS |
|---|---|
| Around 107 currency pairs are supported. | The market choices are narrow. |
| Offers lowest commissions in the forex market. | No instruments for passive investment. |
| Zero spread accounts. | Analytical content and learning seem to be superficial. |
| More than 60 base money of the account. | MTS does not have the Standard Cent Account. |
| Archived Tick data since 2015. | Research materials are limited. |
Exness Conclusion
Exness is a well-established forex broker that offers a wide range of trading services to its clients. The company operates as an ECN broker, providing fast trade execution and access to deep liquidity. Exness provides a range of account types, financial instruments, and trading platforms to suit different types of traders. The company also offers a range of risk management tools, 24/7 customer support, and advanced security measures to protect client information and funds. However, as with any broker, it’s important to carefully research and evaluate the services and fees offered by Exness to determine if they meet your trading needs.
Frequently asked questions
Is Exness regulated?
Yes, Exness is regulated by several international financial authorities, including the Financial Services Authority (FSA) in the Seychelles, the Cyprus Securities and Exchange Commission (CySEC), and the Financial Conduct Authority (FCA) in the UK.
Is Exness a scam?
No, Exness is not a scam. The company is a well-established forex broker that has been in business since 2008 and is regulated by multiple financial authorities.
How does Exness make money?
Exness makes money by charging spreads and overnight financing fees. The specific fees charged by Exness vary depending on the account type and financial instrument being traded.
