Note: For some unknown reason, we cannot open exness official site (https://www.trendfx.org) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.
General Information & Regulation
exness, a trading name of Exness Thailand, is allegedly a financial company registered in Thailand that claims to provide its clients with leverage up to 1:200 and variable spreads from 0.0 pips, as well as a choice of four different live account types.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, trading platforms, minimum deposit, etc.
As for regulation, it has been verified that exness does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.42/10. Please be aware of the risk.
Negative Reviews
A trader shared his terrible trading experience on the exness platform at WikiFX. They said this platform is a fraud and the slippage is severe. It is necessary for traders to read reviews left by some users before choosing forex brokers, in case they are defrauded by scams.
Account Types
exness claims to offer four types of trading accounts, namely Cent, Mini, Classic and ECN. However, the broker says nothing about the minimum initial deposit amount to open an account.
Leverage
A leverage ratio of up to 1:200 is offered by exness, which is much higher than that provided by most brokers. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.
Spreads
exness claims that different account types can enjoy quite different spreads. Specifically, the spread on the Cent and Mini accounts starts from 0.3 pips, the Classic account has spreads from 0.1 pips, while only the ECN account holders can enjoy raw spreads from 0.0 pips.
Customer Support
exness‘ customer support can be reached by telephone: 001800 1562060192, email: support@exness.com. However, this broker doesn’t disclose other more direct contact information like the company address that most brokers offer.
Risk Warning
Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
2023-03-09 10:26
