General Information & Regulation
Exness, a trading name of Exness (SC) Ltd, is allegedly a securities dealer registered in Seychelles with registration number 8423606-1 and authorized by the Financial Services Authority (FSA) with licence number SD025. The broker claims to provide its clients with a wide variety of tradable financial instruments with 1:unlimited leverage and variable spreads from 0.0 pips on the industry-standard MetaTrader4 and MetaTrade5 trading platforms, as well as a choice of five different account types and 24/7 multilingual customer support service.
Market Instruments
Exness advertises that it mainly offers six different asset classes in financial markets, including forex, metals, cryptocurrencies, energies, stocks and indices.
Account Types
There are two standard account types and three professional accounts offered by Exness, namely Standard, Standard Cent, Raw Spread, Zero and Pro. The minimum deposit amount to open a Standard or Standard Cent account depends on the payment system. While opening the Raw Spread, Zero and Pro accounts require the minimum initial deposit amount of $200.
Leverage
Exness says to offer a 1:unlimited leverage ratio for all account types. At another place on its official site, we found the leverage is 1:200 on energy. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.
Spreads & Commissions
Exness claims that different account types can enjoy quite different spreads. The spread starts from 0.3 pips on the Standard and Standard Cent accounts, 0.0 pips on the Raw Spread and Zero accounts and 0.1 pips on the Pro accounts. At another place on its official site, we found the broker mentions that the spread from 0 pips on currencies and from 0.1 pips on stocks. As for commissions, there is no commission on the Standard, Standard Cent and Pro accounts, while the Raw Spread account will be charged a commission of up to $3.50 each side per lot and the Zero account has a commission from $0.2 each side per lot.
Trading Platform Available
Platforms available for trading at Exness are Exness Trader App, Exness Terminal, MetaTrader 5, MetaTrader 4, MetaTrader WebTerminal and MetaTrader Mobile. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Trading Tools
Exness also provides its clients with a wide selection of trading tools, which include analytical tools, trader‘s calculator, economic calendar, currency converter, tick history, VPS hosting and trading central Web TV. The below screenshot is the interface of the trader’s calculator, which looks clear and easy to use. More details can be found on the brokers official site.
Deposit & Withdrawal
Exness says to work with numerous means of deposit and withdrawal choices, consisting of Bitcoin, bank card, Skrill, Neteller, Perfect Money, Singapore internet banking, SticPay, USD Coin, Tether, wire transfers and Webmoney.
The minimum deposit and withdrawal amount vary depending on methods. For example, the minimum deposit is $50 for Perfect Money, $10,000 for wire transfers and $10 for other deposits. The minimum withdrawal is $1 for SticPay and Webmoney, $2 for Perfect Money, $4 for Neteller, $10 for Bitcoin, bank card and Skrill, $100 for USD Coin and Tether and $160 for Singapore internet banking.
The broker says that it does not apply charges, however, the credit card provider, bank or payment system may apply a transaction fee or commission.
As for the processing time of deposit and withdrawal requests, deposit processing is up to 72 hours for Bitcoin, USD Coin, Tether and wire transfers, while other deposits are instant. Withdrawal processing is up to 72 hours for Bitcoin, bank card, USD Coin and Tether, while other withdrawals can be processed instantly.
Customer Support
Exness customer support can be reached by telephone: +6531636931, +6531633126, email: support@exness.com or live chat. Besides, you can also follow this broker on some social media platforms such as Twitter, Facebook, Instagram, YouTube and LinkedIn. Registered office: 9A CT House, 2nd floor, Providence, Mahe, Seychelles.
2023-03-22 14:41
