Exness Customer Reviews 2021
72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. Overall Exness review is about the transparent, fully regulated by various jurisdictions brokerage company that was recognized timely for its achievements and high operational standards. The spreads exness singapore and indonesia are tight, starting from 0.1 points for classic and mini accounts and from 0.0 points for ECN accounts. The minimum initial deposit amount for mini accounts is US$1.
Alternatively, forex traders can log into their personal area, select “accounts”, access the account settings, and select the option to “change leverage” from the dropdown. Leverage is a useful tool offered by brokers, allowing forex traders to open larger trade positions that could amplify their potential profits. Even though it is useful, leverage can also increase the chances of loss that may exceed the initial deposit of the trader. Yes, Exness Trade and Exchange Platform has promotional offers for both existing and new forex trading account owners. Choose your payment method and provide the trading account number where funds are being withdrawn from, the profile, currency, and the amount to be withdrawn before proceeding.
I found that Exness spread is the lowest for 7 main currency pairs. In a stable environment, they are from around 0.5 to 0.8 pip. It’s amazing, because most other brokers charge around 1.7 pips.
Once installed, you can set certain parameters to trigger alerts, notifications, and even trading actions when specific market conditions are met. Trade precious metals such as Gold, Silver, Platinum and Palladium in the form of currency pairs. Nymstar Limited is the trading name of Exness Group, which is a securities dealer authorised and regulated by the Seychelles Financial Services Authority with license number SD025. Transactions on Exness’ PC and mobile platforms are processed with Secure Sockets Layer protocol to safeguard its client data. To ensure that your information is secure while operating Exness, always keep a lookout for the SSL security icon is displayed on the address bar of your web browser.
When Can You Trade Forex?
While some brokers may ask for a $2,000 initial deposit, you can try a great opportunity here at Exness for only $200, or even $1. These accounts are made to meet the needs of the most experienced traders and their demands. They boast super-low or even free spread prices and the fastest execution to meet the needs of scalpers, day-traders and algorithm traders. Exness has a decent offering of supporting features for their clients.
Education consists of a trading Academy with several courses categorized by levels , market news/analysis, videos, webinars, and more. The content seems well-structured and useful but some market analysis was a few days old, which diminishes its usefulness. More than a decade in business and triple regulation from CySEC, FCA, and FSA! This alone should be enough to show that Exness definitely doesn’t suck but as you will see if you continue reading, there are a lot more things that make Exness a good broker. If you are interested in copy trading, check out our review of the Exness copy trading service in this guide to copy trading. These accounts have zero and super-low spreads, suiting the needs of experienced day traders, scalpers, and Algo traders.
I had 2 accounts with this broker, and during my last two months with them, I noticed some irregularities in their bitcoin spreads. For example, they quote me larger spreads on one account, like way higher than the other account. This seemed really off, so I decided to pull out all the money left in my two accounts. Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences. The use of any service by the client through the official website access channel provided by WikiFX is a personal behavior.
This includes fiat currency pairs, cryptocurrencies, indices, stocks, metals and energies. Exness is a MetaTrader broker and has also launched its own cutting-edge social trading platform for investors and copy traders. To trade forex and CFDs, you need a well-regulated broker, where your money is safe, one that features a user-friendly trading platform with ultra-light execution, tight spreads, and fees.
- As we’ve described above, Exness works with a lot of countries from all around the world, so this same service is to be expected.
- Exness withdrawal fees vary depending on your selected withdrawal payment method.
- If you have any experience with Exness, please share it in the comments to help others to choose the suitable broker.
- Raw Spread accounts use a combined system of a small spread and a fixed commission per trade.
- The fee may be a fixed fee when you deposit a specific fiat currency to your account.
Your account has been set up and now you can start trading with them. In case of any issue while registering your account with Exness then you can easily contact them via instant live chat support on their website. They were established in 2008 and now have over 209,000 active traders with $974.5 billion USD monthly trading volume in July, 2021. This makes them one of the largest broker in terms of Traded volume. Exness is considered good and reputable to trade with Exness.
Where Is Exness Located?
On the standard account, the EUR/USD has an average spread of 1 pip while the USD/CAD has an average spread of 2.2 pips. In conducting my Exness review, I opened a real account and counterchecked most claims made by the company. Exness has been in top charts among brokerage service providers and I see there is a reason for that. Nevertheless, the wetrader platform they have here is unbarable to my opinion. Guys, take a look at ctrader web – that is what professional webtrading tool should look like! I do hope one day Exness will add ctrader among the other trading platfroms you can use here.
Exness is a licensed and regulated forex broker with many regulators, and they are also regulated with FSCA in South Africa. So trading with Exness is considered safe for traders in South Africa. To start Exness offers really low spread of almost zero pips with their ECN account. They are regulated by the FSCA in South Africa, and are also regulated with 2 other top-tier Regulators i.e. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.