Exness is a renowned FX and CFD trading platform that provides traders from all over the world with a diverse selection of financial products. Exness has been a popular choice among both novice and expert traders because of its user-friendly design, customizable trading tools, and flexible account settings.
In this review, we will examine in-depth Exness’ trading services, costs, platforms, and support to help you decide if this platform is perfect for you.
Whether you’re an experienced trader seeking a dependable platform to execute trades or a newbie eager to begin your trading adventure, this review has all the information you need to make an informed selection.
A. What is Exness?
Exness is a major online foreign exchange and CFD trading platform that serves traders and investors all over the world.
It delivers a full trading experience with a large selection of financial instruments, cutting-edge trading tools, and great client service, with an emphasis on technology and innovation.
The organization has a solid reputation for dependability, security, and transparency, making it a reliable alternative for traders wishing to enter the exciting world of online trading.
Exness is the ideal platform for both rookie and expert traders, with a user-friendly interface and competitive spreads.
B. Brief history of Exness
A group of like-minded financial experts established the FX broker Exness in 2008.
The business first concentrated on offering clients services for online forex trading, but it has since grown to provide a wide range of financial goods and services.
Exness has gained a solid reputation as a dependable broker throughout time, drawing in a sizable number of traders from all around the world.
The business is based in Cyprus and has offices throughout the world, notably in the UK, Russia, and China. Exness has consistently remained dedicated to giving its customers a risk-free trading environment, open pricing, and quick execution times.
C. Importance of Reviewing Exness
Exness should be reviewed for numerous reasons. For starters, it gives significant insights into the company’s performance, dependability, and trustworthiness, all of which are important elements for traders to consider when selecting a forex trading platform.
Second, reviews allow traders to share their experiences, both positive and bad, with others, allowing others to make more informed selections.
Finally, reviews play an important function in assisting the firm in improving its services and offers by suggesting areas where improvements may be made to better satisfy the demands of its consumers. In conclusion, Exness review is significant not only for traders but also for the firm and the forex trading industry as a whole.
II. What does the Dashboard look like?
The Exness platform’s user interface may appear daunting at first look, but don’t be fooled. A deeper glance reveals that the platform is straightforward, well-organized, and simple to use.
The developers have worked hard to ensure that every function is easily accessible with a few clicks, allowing you to quickly locate what you’re looking for and get back to trading.
The platform contains everything you need to succeed, whether you’re an expert trader or fresh to the game. So buckle up and prepare for a fun and educational tour around the Exness platform!
The left-hand side panel consists of 4 icons:
- Watchlist:- You can create a personalized list of all the assets that you need to keep a track of.
- History:– This shows you the history of all the deposits that you have made in the recent past.
- Meta Trade Terminal:– You need to manage your accounts in case you choose to use Metatrader 4 or Metatrader 5 for your trades.
- Customer Support:- If you need any assistance to carry out your trades.
A. Demo Account
Exness also offers you a demo account with $10,000 USD to try your hands at trading before entering the actual ring!
B. Chart Tools
It also provides its users with a builtin trading chart along with a bunch of tools and indicators like trendlines and pattern tools which aid traders in analyzing the charts.
C. Order Segment
This segment provides the status of the orders placed by the trader whether it is executed, open or closed. This helps the traders to keep a track of the orders placed by them.
III. Key Features and Benefits of Exness
A. Trading Platforms
- Trading Platforms offered by Exness: MetaTrader 4, MetaTrader 5, WebTerminal, and Exness Terminal
- MT4 is a popular trading platform in the forex market
- MT5 is an upgrade from MT4, featuring additional tools like MetaEditor and Negative account protection
- WebTerminal and Exness Terminal are web-based platforms for convenient trading
- Exness Terminal is unique, as it is developed by Exness’ in-house technology team and can be used on both web and mobile browsers
- It also offers tailor-made mobile apps for trading on the go.
B. Trading Instruments
Exness provides a variety of assets to choose from as your primary trading asset like EUR/USD, GBP/USD, Bitcoin, etc. There is also a (+) option using which you can add your own preferred forex currency that you wish to trade.
- Exness offers a wide range of trading instruments, including currencies, metals, stocks, oil, indices, and digital currencies.
- Currency pairs offered by Exness include both classical and exotic options, such as the Swiss franc to the Singapore dollar.
- Metals available for trading include precious options like gold, silver, platinum, and palladium.
- The stock portfolio at Exness includes top international companies like Apple, Amazon, Intel, and Coca-Cola.
- In addition to traditional energy resources like oil, it also offers trading in digital currencies like Bitcoin, Ethereum, Litecoin, and Ripple.
- Indices offered for trading at Exness include popular options like the Dax, Nikkei, and Dow Jones.
- With such a diverse range of trading instruments available, it is equipped to meet the needs of traders of different levels and preferences.
C. Account Types
- Exness has five account kinds to choose from Standard, Standard Cent, Raw-Spread, Zero, and Pro.
- The Standard account is appropriate for traders who seek a basic and straightforward trading experience, while the Standard Cent account is a variant of the Standard account made for traders who wish to deal with lower quantities.
- The Raw-Spread account is intended for traders who like minimal spreads and quick execution.
- The Zero account is appropriate for traders who need even smaller spreads and larger leverage.
- The Pro account is intended for professional traders that demand the most freedom and customization.
D. Spreads and Commissions
Exness is a well-known online trading platform that offers spreads and small commissions on selected instruments. Traders have the option to select from different account types, each with varying fees and commission structures.
Trading with Exness starts with a minimum deposit of $10, and fees can range from $3.50 USD. The spreads available to traders range from 0.01 pips to 0.3 pips, with the option of commission-free trading available depending on the chosen account type.
It is important to note that it does not offer any sign-up bonuses or apply any charges or commissions to deposits or withdrawals. In addition, Exness does not charge any management fees, making it an attractive option for traders seeking a cost-effective platform for their investments.
When it comes to leverages, Exness offers both limited and unlimited margin facilities for its clients. The unlimited margin is ideal for experienced traders who are seeking to place larger trades or experiment with different strategies. To take advantage of the unlimited margin, the trading account must have equity of less than USD 1,000.
It’s worth noting that the unlimited margin option is not available for certain instruments such as cryptocurrencies, stocks, indices, and others. The minimum leverage offered by Exness starts from 1:500 and goes all the way up to 1:unlimited, depending on the level of equity in the trading account.
F. Safety of Funds
When it comes to the protection of its client’s funds, Exness prioritizes it above all else. The corporation is governed by stringent regulatory organizations such as the FSA, FSCA, and CySEC. SSL encryption and two-factor authentication are advanced security methods that secure clients’ personal and financial information.
All customer money is held in separate accounts with top-tier institutions and is never utilized for operational purposes. Exness is also a member of the Financial Commission’s Investor Compensation Fund, which adds an added degree of security.
IV. Trading Experience with Exness
Exness provides a great user experience, as evidenced by its numerous awards and distinctions. This top online trading platform was the first to achieve $2 trillion in monthly transaction volume, demonstrating its dependability and efficacy.
Exness provides a variety of tools and resources to enhance the trading experience, including technical analysis from Trading Central and trend forecasts from Autochartist. These tools can assist traders in making educated judgments and staying ahead of the market. The popular Autochartist online program, in particular, analyses charts and trends to give traders actionable recommendations.
B. Fast and Efficient Execution
VPS hosting is a form of web hosting that offers customers a virtualized environment that runs independently of the host server. Because they are not constrained by the resources of a shared hosting environment, dealers may execute transactions at rapid speeds and with maximum efficiency.
Exness offers its clients free VPS hosting, guaranteeing that they have access to a fast and stable trading environment. This is particularly crucial for traders who wish to ensure that their deals are completed without interruption, regardless of market conditions.
C. Mobile Trading
The modern trader is always on the go and wants a trading platform that can keep up with their hectic schedule. Exness realizes this and has responded by developing the Exness Trader App, a mobile platform designed to suit the demands of clients who want quick and simple access to their trading accounts.
The Exness Trader App provides a full range of trading capabilities in a simplified and user-friendly interface, allowing you to trade on the go with your MT5 account, whether demo or real, without having to download another platform.
If you have an MT4 account, you must first download the MT4 platform before you can begin trading. With the Exness Trader App, you can stay connected to the market and make educated decisions even while you’re not at your desk.
D. Trading Tools and Resources
- Fundamental and Technical Analysis Tools: Exness provides a comprehensive suite of tools for traders to analyze markets and make informed trading decisions.
- Economic Calendar: Stay up-to-date on economic events with Exness’ easy-to-use economic calendar.
- Trading Signals by Trading Central: Access expert insights and trade recommendations with Trading Central’s signals and analysis.
- Market News by FXStreet: Stay informed on market developments with real-time news and analysis by FXStreet.
- TC Technical Analysis Indicator: Enhance your technical analysis with Trading Central’s proprietary TC Technical Analysis Indicator.
V. Customer Support and Education
The left panel consists of the ‘Customer Support’ option. As soon as you select it, a chat support assistant will pop up that will help you with your doubts and queries!
A. Availability of Support
- Exness has a highly dedicated international support team that’s ready to help you with any questions or concerns you may have.
- This team of specialists is proficient in 16 different languages, making support accessible to traders all around the world.
- Whether you need assistance during the day or in the middle of the night, support is available 24/7 in English, Chinese, Thai, Vietnamese, and Swahili.
- If you prefer speaking with someone over the phone, you can reach out to Exness’ friendly international support team at 000-800-100-4378 or +91-44-71279046.
- You can also send an email to [email protected] and expect a response within 24 hours. Existing clients are encouraged to provide their account number and support PIN for quicker assistance.
B. Quality of Support
At Exness, traders can count on receiving top-notch support from the company’s highly skilled customer service team.
With representatives available 24 hours a day, seven days a week, clients can rest assured that their inquiries and concerns will be promptly addressed, regardless of the time of day or language spoken
Whether you prefer to use the live chat feature on their website for immediate answers or reach out through email or phone, the Exness support team is renowned for its ability to quickly find solutions to any issues that may arise.
C. Educational Resources
At Exness, traders are expected to have a solid understanding of the financial industry before embarking on their trading journey. While Exness may not have a vast array of educational resources specifically designed for beginners, the company still welcomes traders of all levels to join their community.
The broker, however, caters primarily to experienced traders who are looking for a platform to execute their trades with ease and precision. For traders seeking a comprehensive educational experience, Exness does offer a wealth of trading tools and resources, including access to market news, trading signals, and in-depth market analysis.
Nevertheless, it is important for traders to conduct their own independent research and familiarize themselves with the fundamentals of trading before jumping into the market.
VI. Deposits and Withdrawals
A. Payment Options
- For its customers, Exness Trade provides a selection of practical payment methods:
- Traders can deposit money into their trading accounts using bank cards like Visa, Mastercard, and JCB in certain countries, with the extra security of 3D secure technology.
- Deposits can be made using a bitcoin wallet by those who favor using digital money.
- Some nations also enable mobile banking apps, which makes it simple for traders to handle their money while on the move.
- Exness Trade makes it as simple as possible to withdraw money from a trading account. With only a few clicks, choose the account you wish to withdraw money from.
B. Processing Time
- Exness boasts of its instant withdrawal feature, where clients can carry out a withdrawal in just a matter of seconds without the need for manual processing by the financial department specialists. This feature is available even during weekends.
- Deposits and withdrawals made through Electronic Payment Systems (EPS) are processed instantly, meaning the transaction is carried out within a few seconds. However, there may be instances where the transaction may not be completed instantaneously.
- Bank card deposits and withdrawals are also processed instantaneously; however, it may take up to 24 hours for the transaction to be fully completed.
- Processing times for deposits and withdrawals made through a Bitcoin wallet may take up to 72 hours.
- The processing time for deposits and withdrawals via mobile banking varies depending on the region.
- Regional restrictions may prevent some potential clients from using Exness, as the broker does not accept traders based in the European Union.
- No multi-currency accounts available.
- Training resources section only available in English.
- Live support experience can be improved, as some users have found it difficult to reach a live representative.
- Email verification could be added to make it easier for investors/traders to communicate, especially in areas with low or no coverage.
- Some policies regarding deposit and withdrawal can be complicated and difficult to understand.
- Large spreads when trading indices and stocks may not be ideal for all types of traders.
- Customers have reported automatic cancellations of pending orders.
VII. Industry Reputation
Exness is a well-respected brokerage in the online retail trading industry. With over 1.8 million registered clients, this broker has proven its reliability, security, and efficiency. With a monthly trading volume of over 470 billion, Exness is a hub of trading activity, and this level of volume attests to its level of success.
The broker is transparent in its operations, with its financial reports publicly available for clients to view, and its commitment to regulatory compliance is well-known. Exness is also highly rated by its clients, with a 4.2 rating on the Google Play Store. This broker’s game-changing innovations and excellent customer support only add to its positive reputation.
Exness is the cool kid in school; it’s always winning accolades, creating headlines, and making people look!
They have the intelligence to back up their attractiveness, offering some of the most competitive spreads and cheap trading costs in the industry. Exness is also a popular choice among traders due to its unique features and good customer service.
So, if you’re searching for a broker that won’t break the bank but will help you optimize your earnings, give Exness a go. I’d give it a good 3.5 out of 5 stars – not flawless, but definitely a standout in the internet trading industry!