Exness Trade Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-26 16:39

Abstract：Exness Trade is a broker. The tradable instruments include FX pairs, indices, metals, shares, and crypto. The broker also provides four accounts with a maximum leverage of 1:500. The minimum spread is from 0.3 pips and the minimum deposit is $300. Exness Trade is still risky due to its suspicious clone status.

Exness TradeReview Summary
Founded	2023-09-27
Registered Country/Region	Vanuatu
Regulation	Suspicious Clone
Market Instruments	FX pairs/Indices/Metals/Shares/Crypto
Demo Account	✅
Leverage	Up to 1:500
Spread	As low as 0.3 pips
Trading Platform	Allpips/MT4(IOS/Laptop/PC/Linux/Android)
Min Deposit	$300
Customer Support	Email: info@ex-nesstrade.com
Customer Support	Live chat

Exness Trade Information

　　Exness Trade is a broker. The tradable instruments include FX pairs, indices, metals, shares, and crypto. The broker also provides four accounts with a maximum leverage of 1:500. The minimum spread is from 0.3 pips and the minimum deposit is $300. Exness Trade is still risky due to its suspicious clone status.

Pros and Cons

Pros	Cons
Leverage up to 1:500	Suspicious Clone
24/7 customer support	Inaccessible official website
MT4 available	Unclear swap fee
Spread as low as 0.3 pips	Unspecific transfer time and fee information
Demo account available
Various tradable instruments

Is Exness Trade Legit?

　　Exness Trade is regulated by VFSC with license number 700546, but the current status is 'suspicious clone'.

What Can I Trade on Exness Trade?

　　Exness Trade offers a wide range of market instruments, including FX pairs, indices, metals, shares, and crypto.

Tradable Instruments	Supported
FX pairs	✔
Metals	✔
Indices	✔
Shares	✔
Crypto	✔
Stocks	❌
Commodities	❌
ETFs	❌
Bonds	❌
Mutual Funds	❌

Account Type

　　Exness Trade has four account types: flat, crypto, cent, and standard. Traders who want low spreads can choose flat and crypto accounts, while those with a sufficient budget can open a standard account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only. Everyone can also earn money by copying the success of top traders.

Account Type	Flat	Crypto	Cent	Standard
First Deposit	300 USD/EUR	400 USD	500 USD/EUR	1000 USD/EUR
Typical Spreads	0.04	0.04	2.0	1.2
Min. Volume lots	0.01	0.01	0.01	0.01
Max. Leverage	1:500	1:500	1:500	1:500

Exness Trade Fees

　　The spread is as low as 0.3 pips and 0% commission. The lower the spread, the faster the liquidity.

Leverage

　　The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.

Trading Platform

　　Exness Trade cooperates with the authoritative MT4 trading platform available in IOS, Laptop, PC, and Android to trade. Besides, it offers a propriety Allpips trading platform available in IOS, Laptop, PC, and Android Junior traders prefer MT4 over MT5. MT4 and MT5 not only provide various trading strategies but also implement EA systems.

Trading Platform	Supported	Available Devices	Suitable for
Allpips	✔	IOS/Laptop/PC/Linux/Android	-
MT4	✔	IOS/Laptop/PC/Android	Experienced traders

Deposit and Withdrawal

　　The minimum deposit is $300. Exness Trade accepts Visa, Mastercard, Tether, Bitcoin, and Ethereum for deposit and withdrawal. However, due to the official website being inaccessible, transfer processing times and associated fees are unknown.