Exness

Exness

Established:

2007

Location:

Cyprus

Regulation:

CySEC, FCA, SC

Offices:
Cyprus
Leverage:
1:30 | 1:200
Deposit:
from 200 USD
Spreads:
As low as 1.5 pips
Instruments:
250+ financial instruments, over 50 currency pairs, CFDs on Cryptocurrencies, Spot metal, Shares, Commodities and Indices.
Platforms:
MetaTrader 4, MetaTrader 5
Funding methods:

Credit cards, Bank wire transfers, E-wallets (Neteller, Skrill, Alfa-Click, WebMoney, Western Union, Dotpay, Yandex money, Qiwi wallet, Bitcoin via Skrill, and counting)

Review Summary

Exness is a global forex broker that offers trading services in a wide range of financial instruments, including forex, metals, commodities, and cryptocurrencies. Founded in 2008, the company has quickly grown to become one of the largest and most respected forex brokers in the world, with millions of clients from over 190 countries.One of the key reasons for Exness’s success is its commitment to providing top-quality trading services and support to its clients. The company offers a wide range of trading platforms, including the popular MetaTrader 4 and MetaTrader 5, as well as its own proprietary platform, which is designed to be user-friendly and feature-rich.

Exness’s trading platforms are highly customizable, allowing traders to tailor their trading experience to their individual needs and preferences. The platforms also provide a wide range of tools and features, including advanced charting, trading signals, and expert advisors, to help traders make informed trading decisions.In addition to its trading platforms, Exness also offers a range of trading account types, including micro, standard, and ECN accounts, to suit the needs of traders of all levels of experience and trading styles. The company also provides a range of educational resources, including webinars, video tutorials, and e-books, to help traders improve their skills and knowledge.

Exness is committed to providing its clients with the best possible trading experience. The company offers 24/5 customer support in multiple languages, and has a team of experienced and knowledgeable support staff on hand to assist clients with any questions or issues they may have.

Overall, Exness is a leading global forex broker that offers a wide range of trading services and support to its clients. With its commitment to quality, innovation, and customer service, Exness is well-positioned to continue its success in the forex industry.

Fees

The fees charged by ForexTimes will depend on the account type. For instance, the average cost of trading the EU/USD currency pair is 2 pips when using the STP Standard Account. When using the Cent Account, FXTM will charge about 2.2 pips. The ECN accounts have the lowest fees, which can be as low as 0.8 pips.

There is also an inactivity fee on FXTM. The fee is set at $45 a month. For the fee to apply, the account must have been dormant for at least six months. There is also a withdrawal fee for withdrawals made using credit cards or via wire transfers. The fee will depend on the country of residence but is an average of $2 for credit card withdrawals and about €20 for a wire transfer.

Regulation and Fund security

FXTM is regulated internationally. In the UK, the FCA regulates it while in Cyprus the CySEC regulates it. AS a result, it offers a compensation fund that protects customer deposits. This brokerage house operates in various locations globally. It complies with the laws of various jurisdictions where it has an official presence.

In Cyprus and the EU, the FXTM brand operate as ForexTime Limited, where it is regulated by the CySEC and has been issued license number 185/12. It is also regulated in South African by the FSCA and it has received license number 46614. In the UK, FXTM operates as ForexTime UK Limited. The FCA under license number 777911 regulates it. In the UK, the regulated status comes with a compensation fund of up to £50,000 for customer deposits. FXTM operates in Mauritius under the brand name Exinity Limited, where it is regulated under license number C113012295.

Account Types

MT4 and MT5

MT4 and MT5 are two different versions of the popular MetaTrader platform developed by MetaQuotes Software Corporation. Both platforms are widely used by forex traders to access the global forex market and to trade a wide range of financial instruments, including forex, CFDs, and futures.

The main difference between MT4 and MT5 is that MT4 is designed for forex trading, while MT5 is a more versatile platform that also supports trading other financial markets such as stocks, commodities, and futures. MT5 also offers more advanced charting tools and technical indicators compared to MT4, as well as a wider range of order types and timeframes.

Another key difference between the two platforms is that MT4 is based on the MQL4 programming language, while MT5 is based on the MQL5 language. This means that custom indicators and expert advisors developed for one platform may not be compatible with the other.

Overall, both MT4 and MT5 are powerful trading platforms with a wide range of features and tools, and the choice between the two will depend on your individual trading needs and preferences.

Investment Products/Trading instruments

Exness  offers a wide range of instruments. On this platform, you can trade over 50 currency pairs. If you wish to diversify your portfolio, you can trade in spot metals, CFDs, share CFDs, CFDs on Commodity Futures. There is also the option to trade CFDs on ETFs and Indices as well as CFDs on crypto. This will include over 180 American shares. You will be able to trade 5 spot metals, 59 exotic currency pairs 3 Commodities CFDs, 14 spot CFDs, and 4 crypto coins. The number of products you can trade depends on the account you are using as well as whether you are using MT4 or MT5. Being able to trade stocks as well as CFDs is something that many users of FXTM appreciate. If you are seeking to diversify your portfolio as a trader, FXTM is one of the best options out there.

Trading Platforms

Exness allows clients of all types of accounts except the Cent Account and Shares Account to use either the MT4 or MT5 platform. When using a Cent Account, clients have to use the MT4 platform.When trading in the Forex market; it is preferable to use the MT4 platform while the MT5 platform is preferable for trading commodities and stocks. You can access both the MT4 and MT5 platforms on any OS or device.

Webinar, seminars, educational material

Exness is committed to ensuring that as many people as possible can actively participate in the forex and stock markets and make a profit. As a result, the platform has an ongoing educational program. This program entails webinars, educational material such as articles and tutorials as well as a glossary list that explains all the complex terms used in the forex-trading world.

Customer Support

The customer support at Exness is quite reliable. There is always someone available to deal with your issue since the customer support desk operates 24 hours during regular weekdays. Additionally, customer support is offered in a variety of languages. There is also the option to contact a company rep via email or phone in various locations globally. It runs a dedicated support service for Indonesia, China, Nigeria, Thailand, South Korea, India, and Malaysia.

Active Bonus and Promotions

Exness has an active loyalty program. This program is called Loyalty Cashback. It gives you cash that you can withdraw instead of virtual points that offer limited usability. There are five levels to this program. As long as you are in the program and continue to trade, you will continuously get rewards for up to six months. These levels are determined by the amount that you deposit.

How to open an account

Opening an account on Exness is quite easy. You only need to visit the platform’s website and click on the large orange button on the top right corner labeled “Open Account.” You have the option to open a live account or a demo account on this platform. Once you open an account, you will have to undergo KYC screening. Additionally, you will need to verify the payment method that you pick. However, traders in the US, Japan, and a few other countries cannot open an account at Exness.

Conclusion

The team behind the Exness online broker understands what it entails to please its clients. Thus far, the platform has received numerous accolades for offering quality and reliable services to its clients. Its willingness to be regulated in different jurisdictions shows that it is committed to protecting the investments of its clients.