Read our Exness review and learn why we recommend this broker for online trading and why it is not a scam, learn all you need to know in this Exness review before you sign up with the broker.
Exness is a global forex broker with one of the strongest trading platforms. When they first started up in 2008, they had just over 20,000 active traders, but gradually their popularity grew, and they now rank as one of the most prominent brokers in terms of the trading volume. You would know this brokerage more deeply after reading this Exness review.
Following are the distinct features that make this brokerage a shining star among other brokers.
Deposits and Withdrawals are made instantly.
Traders’ transactions are instantly processed by Exness, giving traders the freedom to freely transfer funds between an account and an e-wallet. Inter-account transfers go at about the same pace, always giving Exness clients complete control of their cash, regardless of geographic location.
No Fees for Inactive Accounts
While traders may not trade due to lack of time or availability, they still possess brokerage accounts; yet brokerages impose fees to both active and inactive traders. Unlike most other brokers, Exness doesn’t charge for resting accounts or maintenance. There are no dormant fees if you haven’t used your accounts for weeks or months.
Protection against Negative Balances
Leveraged traders may be concerned about their liabilities if they close a position with a negative figure. There is no requirement to put more money to offset the negative balance in such situations. Exness automatically sets the trader’s account value back to 0.
Spreads as low as 0 PIPS
When it comes to Classic or Mini accounts, Exness spreads begin at zero pips and range from around 0.1 to 1.3 pips. Those who use an ECN account benefit from the lowest spreads, but they are also subject to trading volume-related commission fees.
A Variety of Leverage Options
Margin trading is available to all Exness account holders, allowing them to increase their direct exposure to new markets. Clients in Europe may trade with a max leverage level of 1:10, and they can also pick from a variety of smaller amounts such as 1:2 or 1:10 based on the kind of asset they’re trading. Customers in other countries have no limit on how much leverage they may employ.
Insights and News of the Trading Industry
A trader should always be aware of the market conditions and positions of assets. The traders associated with Exness are lucky because Exness provides its clients with the most updated news and updates of the market. Members of Exness get immediate access to Dow Jones’ market media outlet, which is transmitted straight to their site. Analysis reports on a wide range of financial assets are available via Trading Central.
Free Demo Account
Exness does provide a free demonstration account. Every functionality of a regular Exness account may be found in the demo account. Demo accounts are available for their Mini, Classic, and ECN accounts. You can use Exness’s demonstration account before signing up for a regular account. There may be discrepancies between the demo and the live trading environment (spread, bid/ask); therefore, you should utilize the demo to develop your trading strategy.
MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are two of the trading platforms that Exness supports. For professional traders, this is the finest choice.
You may get Exness’s MT4 platform from its site and install it in less than a minute.
MT4 All operating systems are supported by MetaTrader 4 on the Exness website. You may utilize charting tools, EAs, and even a news feed embedded into the platform. Their MT4 is speedy, and it offers a lot of options.
Second, Exness does provide Metatrader 5 (MT5), the most recent version of Metatrader. Their MT5 platform is compatible with Mac OS X, Windows, iOS, and Android. They have an MT5 platform, but it is restricted to Mini and Classic Trading accounts customers.
In addition, Exness customers may utilize the Exness app for Android and iOS to trade and maintain their accounts. To summarise, the MT4 and MT5 platforms offered by Exness are the most recent and most effective. Exness has the MT5 platform, which other brokers don’t, making the broker one of the most effective brokerages.
Above are some of the prominent features of this amazing broker. It has many more features like their ECN account; Exness provides a spread of practically 0 pips. Additionally, they are subject to regulation by the FSCA in South Africa and two additional top-tier regulators, the FCA in the United Kingdom and CySEC in Cyprus, which makes it one of the best contemporary brokerages.