Exness.com Review – Bad or Good?

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Exness has garnered significant attention within the trading community due to its robust offerings, ease of access, and transparent trading environment. This article aims to provide a detailed review of Exness, touching upon its regulation, account types, trading platforms, fees, customer support, and more, to help you determine if this broker is the right fit for your trading needs.

What is Exness?

Exness is a well-known online forex and CFD (Contract for Difference) broker, founded in 2008. The company is globally recognized and operates in over 170 countries, offering a range of financial instruments including forex, cryptocurrencies, stocks, metals, and indices. Exness is best known for its competitive spreads, high leverage options, and multiple trading platforms.

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Regulation and Safety

Exness operates under several legal entities, each regulated by different authorities. This ensures a higher degree of safety and credibility for traders.

1. Exness (UK) Ltd is regulated by the UK’s Financial Conduct Authority (FCA), a tier-one regulatory body.
2. Exness (Cyprus) is regulated by the Cyprus Securities and Exchange Commission (CySEC).
3. Exness (ZA) Ltd operates under the Financial Sector Conduct Authority (FSCA) in South Africa.
4. Exness (SC) Ltd in Seychelles is regulated by the Seychelles Financial Services Authority (FSA).

This multi-jurisdictional regulation ensures that the company adheres to international standards and offers transparency and security to its clients.

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Account Types

Exness offers a variety of account types designed to cater to both beginner and professional traders.

• Standard Account: This is suitable for beginners. It has low minimum deposits, no commissions, and offers access to all trading instruments.
• Pro Account: For advanced traders, the Pro account comes with ultra-low spreads and requires a higher deposit but provides better trading conditions.
• Zero Account: Tailored for traders who need precise execution with no spread at certain times of the day.
• Raw Spread Account: Designed for scalpers and high-frequency traders, this account offers spreads from 0.0 pips with a small commission.

Exness also provides Islamic accounts, which adhere to Sharia law by offering swap-free trading options.

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Leverage Options

One of the standout features of Exness is its high leverage. Depending on the jurisdiction, traders can access leverage of up to 1: Unlimited, allowing them to control large positions with relatively small deposits. While this presents the potential for significant profits, it also increases the risk, as even small market movements can cause substantial losses.

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Trading Platforms

Exness offers a variety of trading platforms to suit different needs:

• MetaTrader 4 (MT4): The industry-standard platform known for its user-friendly interface and advanced trading tools.
• MetaTrader 5 (MT5): The successor to MT4, offering additional timeframes, technical indicators, and improved execution capabilities.
• Exness Trade App: A proprietary mobile trading platform that provides seamless access to the markets on the go.

All platforms support algorithmic trading via Expert Advisors (EAs), and Exness also offers Virtual Private Server (VPS) hosting for uninterrupted trading execution.

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Fees and Spreads

Exness is known for its low trading fees and spreads that start as low as 0.0 pips on certain accounts, such as the Raw Spread and Zero accounts. There are no hidden fees, and the broker covers all third-party transaction costs for withdrawals. Additionally, Exness does not charge swap fees for overnight positions on major instruments, making it an attractive choice for long-term traders.

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Deposit and Withdrawal Options

Exness offers a wide range of payment methods, including Visa, Mastercard, Skrill, Neteller, and even cryptocurrencies. The broker stands out by offering 24/7 withdrawals with no extra fees, making it convenient for traders to access their funds anytime. The minimum deposit varies by account type, with the Standard Cent account requiring just $10.

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Customer Support

Exness boasts multilingual customer support, available 24/7 in 16 languages. Traders can reach out through live chat, email, and phone support. Exness also offers a comprehensive Help Center with detailed FAQs, articles, and tutorials to guide traders through common issues.

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Educational Resources

For beginners and seasoned traders alike, Exness offers a wealth of educational materials. These include market analysis, webinars, tutorials, and economic calendars. The broker also provides access to Trading Central, offering technical analysis and trading signals.

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Security and Risk Management

Security is paramount in online trading, and Exness offers a range of tools to help traders manage their risk. These include stop-loss orders, take-profit orders, and margin calls to ensure that traders do not lose more than they can afford. Furthermore, the broker offers negative balance protection, ensuring that traders do not fall into debt even in volatile market conditions.

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Exness Review: Pros and Cons

Pros:

1. Regulation: Operates under multiple well-respected regulatory bodies.
2. Low Fees: Competitive spreads and no swap fees for major instruments.
3. High Leverage: Offers leverage up to 1

   for certain accounts.

4. Educational Tools: Offers comprehensive resources for both beginner and experienced traders.
5. Customer Support: 24/7 multilingual support.

Cons:

1. Not Available to US Clients: Exness does not accept clients from the United States.
2. No Bonuses: Unlike many competitors, Exness does not offer bonuses or promotions.
3. High Leverage Risk: Unlimited leverage may be too risky for inexperienced traders.

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Final Overview

Exness is a reputable broker that offers a range of trading instruments and account types to suit all types of traders. Its commitment to transparency, regulation, and customer support makes it an attractive option for traders worldwide. However, the broker’s high leverage and lack of bonuses may deter more conservative traders. As always, traders should conduct their own research and consider their risk tolerance before choosing a broker.

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FAQs

1. Is Exness a regulated broker?

Yes, Exness is regulated by multiple authorities, including the FCA in the UK, CySEC in Cyprus, and FSCA in South Africa.

2. What trading platforms does Exness offer?

Exness offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, along with its own proprietary mobile app, the Exness Trade App.

3. What is the minimum deposit to open an account with Exness?

The minimum deposit starts at $10 for the Standard Cent account, making it accessible for beginners.

4. Does Exness offer educational resources?

Yes, Exness provides various educational tools, including webinars, tutorials, and market analysis, to help traders enhance their skills.

5. Can US citizens trade with Exness?

No, Exness does not accept clients from the United States due to regulatory restrictions.