Exness

Risk Warning: It has been verified that this broker currently has no valid regulatory, please be aware of the risk.

The Seychelles FSA regulatory (license number: SD025) claimed by this broker is a suspicious clone. please be aware of the risk.

General Information

This Exness is just a clone broker taking use of the name of the big figure in the forex industry –Exness (domain: https://www.exness.com/). Please take extra vigilance when encountering this forex broker.

This fake Exness says it provides multiple classes of trading instruments, including currencies, gold, oil, stocks, indices, high leverage up to 1:2000, spreads starting at 0.0 pips.

Market Instruments

This fake Exness boasts that it provides a series of trading instruments, including currency pairs, gold, oil, stocks, indices.

Leverage

When it comes to leverage, this fake Exness allows its clients to use leverage of up to a massive leverage up to 1:2000, insanely higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.

Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.

Spreads & Commissions

This fake Exness says that traders can trade with low and fixed spreads starting from 0.0 pips.

Trading Platform

What this fake Exness provides is not the industry-leading MT4 or MT5 trading platform. Please be aware of the risk.

Customer Support

This fake Exness leaves no contact information for clients with any inquiries or trading-related issues. Obviously, it was established purely to defraud clients and then run away.

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.