Exness Review: Is it the Right Broker for you?

Exness is a leading forex broker founded in 2008 in St. Petersburg, Russia. The company is based in Cyprus and is regulated by the FCA of the UK, CYSEC of Cyprus, FSCA of South Africa, and FSA of Seychelles.

Is Exness Legit?

Yes, Exness operates legitimately, regulated by four regulatory authorities across four jurisdictions: ASIC in Australia, FCA in the United Kingdom, FSCA in South Africa, and FSA in Seychelles.

Exness Account Types

Exness offers standard and professional accounts. The standard account is a commission-free, feature-rich account suitable for all traders, including beginners, offering market execution, stable spreads and no requotes. The Pro account is an account that can meet the needs of experienced traders. It features ultra-low spreads, even without spreads. Its execution is suitable for scalpers, day traders, and algorithmic traders. The professional account has a minimum deposit of $200. Besides, Exness provides two social trading account options for strategy providers: Social Standard and Social Pro.

Trading Platforms

Exness offers traders a comprehensive suite of trading platforms to accommodate various trading needs. Traders can access MetaTrader 5 and MetaTrader 4 on desktop, or utilize the Exness Trade app, MetaTrader 5 mobile, and MetaTrader 4 mobile for on-the-go trading.

Trading Tools

Exness equips traders with a robust suite of trading tools. From staying ahead of economic events with the economic calendar to strategizing with the trading calculator and currency converter, Exness empowers informed decision-making.

Deposit and Withdrawal

The minimum deposit is around 10 USD, making it affordable for traders who wish to start with a small amount. Deposits are processed within 30 minutes and withdrawals within 24 hours, ensuring quick availability of funds for traders. Supported payment modes include bank cards (VISA, Mastercard, Maestro) and electronic systems like Neteller and Skrill.

Education in Exness

Exness offers a range of educational resources that can help traders improve their understanding of the foreign exchange market and their trading skills. These resources include trading analysis tools, which provide detailed information on trading results and help traders identify patterns and trends. In addition, they offer calculators to help traders calculate trading costs and potential profits. Economic calendars and currency converters are also useful tools for traders who need to keep abreast of economic events and currency fluctuations.

Exness Customer Service

Exness has a high-quality customer support service, which is available in several languages and offers different communication channels to meet the needs of its customers. Users can contact the support team via live chat, email, and telephone, and some of these services are available 24 hours a day, 7 days a week. The support staff is highly trained and ready to assist users with any problems or queries they may have. However, the Exness website is only available in Chinese.

Conclusion

In conclusion, Exness is a reputable and well-regulated forex broker, offering extensive trading assets and multiple trading platforms that target various traders. Their focus on transparency and client education is reflected in their educational tools and resources, as well as the detailed information provided on their trading instruments screen. Although its Market Making model may be a disadvantage for some traders, Exness compensates for this with competitive spreads and fast, commission-free deposits and withdrawals. Overall, Exness is a good choice for traders of all experience levels looking for a reliable and transparent Forex broker.

Download the WikiFX app and Don't miss out on any latest Forex News.