Exness is a renowned online trading platform established in 2008. Over the years, the company has built a reputation for providing reliable trading services to traders worldwide. In this comprehensive review, we will take a closer look at some of the key features and services offered by Exness and analyze whether this platform is a good choice for traders.
Exness Trading Platforms
Exness offers several trading platforms to cater to the diverse needs of traders, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its proprietary Exness Trader platform. Each platform has its own features and benefits, making it easy for traders to find the one that best suits their needs.
- MT4: A popular trading platform known for its user-friendly interface, advanced charting capabilities, and extensive library of technical indicators and automated trading tools. MT4 supports multiple order types and can be used on desktops, mobile devices, and tablets.
- MT5: An upgraded version of MT4, offering additional features such as more advanced charting tools, an integrated economic calendar, and the ability to trade multiple asset classes from a single platform. MT5 also supports more order types and is available on desktops, mobile devices, and tablets.
- Exness Trader: A proprietary trading platform developed by Exness, offering a user-friendly interface, advanced charting capabilities, and a wide range of order types. It is available for both desktop and mobile devices.
Exness Account Types
Exness offers a variety of account types to cater to the needs of different traders. Each account type has its own features and benefits, including different minimum deposit requirements, leverage ratios, and spreads.
|
Account Type |
Standard |
Pro |
|
Minimum Deposit |
$1 |
$200 |
|
Commission |
None |
$3.5 per lot |
|
Spreads |
Floating from 0.3 pips |
Floating from 0.1 pips |
|
Maximum Leverage |
Up to 1:2000 |
Up to 1:200 |
|
Instruments |
Forex, Metals, Energies, Indices, Cryptocurrencies |
Forex, Metals, Energies, Indices, Cryptocurrencies |
|
Execution |
Market Execution |
Market Execution |
|
Minimum Lot Size |
0.01 |
0.01 |
|
Maximum Lot Size |
100 |
100 |
|
Margin Call |
60% |
60% |
|
Stop Out Level |
30% |
30% |
|
Account Currencies |
USD, EUR, GBP, JPY, CHF, AUD, RUB, AED, BTC, ETH |
USD, EUR, GBP, JPY, CHF, AUD, RUB, AED, BTC, ETH |
|
Islamic Account |
Available |
Available |
|
Hedging |
Allowed |
Allowed |
|
Scalping |
Allowed |
Allowed |
|
Expert Advisors |
Allowed |
Allowed |
|
VPS Hosting |
Available |
Available |
|
Negative Balance Protection |
Available |
Available |
Exness Leverage
Leverage is a crucial aspect of forex trading as it allows traders to open larger positions than their own capital would otherwise allow. Exness offers high leverage ratios, with a maximum of up to 1:2000 on some account types. However, traders should be aware that high leverage also increases the risk of losses and should use it cautiously.
Exness Spreads
The typical spreads for different account types and financial instruments offered by Exness are as follows:
|
Account Type |
EUR/USD |
USD/JPY |
GBP/USD |
AUD/USD |
USD/CHF |
EUR/JPY |
Gold (XAU/USD) |
BTC/USD |
|
Standard |
0.3 |
0.3 |
0.6 |
0.3 |
0.4 |
0.8 |
0.3 |
60 |
|
Pro |
0.1 |
0.1 |
0.3 |
0.1 |
0.2 |
0.4 |
0.2 |
30 |
Note that spreads may vary based on market conditions, news events, and other factors. The spreads listed above are typical spreads and may not reflect the actual spreads at any given time. Exness also offers variable and fixed spreads, depending on the account type and financial instrument being traded.
Exness Deposit and Withdrawal Methods
Exness offers a range of deposit and withdrawal methods, including bank transfers, credit/debit cards, and various electronic payment systems such as Neteller, Skrill, and WebMoney. Deposits are generally processed instantly, while withdrawals can take up to 24 hours to be processed.
Exness Regulation
Exness is a regulated broker with licenses from the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA).
Trading Tools
Exness offers a wide range of trading tools to help traders make informed decisions and manage their trading strategies effectively. These include:
- Economic Calendar: Displays important economic events and their impact on the financial markets.
- Trading Central: Provides technical analysis and trading signals based on the latest market trends.
- VPS Hosting: Offers virtual private server hosting for traders running automated trading systems 24/7.
- One-Click Trading: Allows traders to open and close trades with a single click.
- Trading Calculator: Helps traders calculate potential profits or losses before entering a trade.
Exness Customer Support
Exness offers 24/7 customer support in multiple languages, including English, Chinese, Arabic, Urdu, and more. Traders can reach the support team via live chat, email, or phone. The customer support team is highly responsive and can assist with any issues or questions.
Exness Promotions
Exness regularly offers promotions and bonuses, including deposit bonuses and cashback programs. Traders can visit the Exness website or contact customer support for more information on the latest promotions.
Exness Fees and Commissions
Exness offers competitive spreads and commissions on its trading accounts. Spreads on the Standard account start from 0.3 pips, while spreads on the Pro account start from 0.1 pips. The commission on the Pro account is $3.5 per lot, while there are no commissions on the Standard account. Traders should also be aware of potential additional fees for deposits and withdrawals, depending on the payment method used.
Conclusion
Overall, Exness is a reputable and reliable forex broker offering a wide range of trading services and tools. Its transparent pricing, fast execution, and competitive spreads make it an attractive choice for traders at all levels. Furthermore, the broker's commitment to security and regulation ensures that traders can trade with confidence and peace of mind. However, traders should always be aware of the risks associated with forex trading and practice responsible trading.
FAQs
Q: What trading platforms does Exness offer?
A: Exness offers popular trading platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are available on desktop, web, and mobile devices.
Q: What types of accounts does Exness offer?
A: Exness offers two types of trading accounts: Standard and Pro. The Standard account has no commission and offers floating spreads starting from 0.3 pips. The Pro account has a commission of $3.5 per lot and offers floating spreads starting from 0.1 pips.
Q: What is the minimum deposit required to open an account with Exness? A: The minimum deposit required to open a trading account with Exness depends on the account type. The minimum deposit for the Standard account is $1, while the minimum deposit for the Pro account is $200.
Q: What is the maximum leverage offered by Exness?
A: Exness offers high leverage of up to 1:2000 on some account types. However, traders should be aware that high leverage can increase both potential profits and losses.
Q: What deposit and withdrawal methods are available at Exness?
A: Exness offers various deposit and withdrawal methods, including bank transfers, credit/debit cards, e-wallets, and more. The availability of these methods may depend on the trader's location.
Q: Does Exness offer a demo account?
A: Yes, Exness offers a free demo account that traders can use to practice trading and test the platform's features and services.
Q: What customer support options does Exness provide?
A: Exness provides 24/7 customer support in multiple languages, including English, Chinese, Arabic, Urdu, and more. Traders can contact customer support via live chat, email, or phone.
Exness is a well-rounded broker that offers reliable services and a comprehensive range of features, making it suitable for traders of all levels
