I’m sure they are just passing time; they don’t want to resolve it. I’m surprised, how bad their Retail foreign exchange trading customer service and how they treat their customer like they give misleading information.

Exness Forex Broker Review

It lets you conduct both technical and fundamental analysis, comes with a simpler interface, and offers real-time quotes. MetaTrader 4 is by far the world’s most actively-used platform, and it’s been so for at least a decade now. With its flexible trading features and analytical objects, MT4 helps you take your trading game to the next level, and that’s also visible at Exness. Yandex Money – 1 USD min. deposit; Instant deposits; Withdrawals within 24 hours. All in all, it’s pretty obvious that not only does Exness care about your profitability in the market but it also ensures the safest trading experience for you. Let’s take a look at both trading and non-trading fees of the broker. In short, our Exness broker review demonstrates how great of a service provider it actually is.

Methods Of Deposit And Withdrawal

Taking into account the focus on forex, absence of dollar index and futures on other large currencies on the platform seems like an oversight. Such instruments would be useful for many traders for comprehensive strategies. Cons Besides the currency pairs, the choice of markets is limited and all of them are represented via CFDs.

Please note CFDs are complex instruments and come with high risk. Many retail investor accounts lose money when trading CFDs. Alternatively, there is also a provision to sign up for a demo account that is absolutely free. Through a demo trading account, the traders can test the online trading ecosystem and Currencies forex the trading strategies that work. Valid documents that are accepted on the Exness platform are a driving license, bank statement, or any other government stamped documents. For address verification code, any of the utility bills will do, but make sure that the utility bills are not more than 6 months old.

Exness Forex Broker Review

The following review of Exness Forex broker will show you just how well it manages to combine these two aspects into one trading platform. So, let’s not waste any of your and our time and get straight to the review. On top of that, you also need a broker that offers many different instruments, as well as low commissions and profitable trading features.

Exness’ customer service operates around the clock, meaning there’s minimal trading downtime for users. Exness offers a broad range of Forex pairs to traders and is considered to be one of the most reliable Forex brokers in the industry. It offers some amazing spreads as well as unmatched leverage levels. Thanks to its reasonable pricing and straightforward trading conditions, more and more traders prefer it over other brokers. Their website is multi-language and is full of informative content.

Scam Company

Cons Pro account with Instant Execution type of order execution. By the indicator of representation of the forex market, Exness is confidently surpassing its competitors. Exness is a company with average level of reliability. Registration of the main platform in an offshore is compensated by licenses in Europe and extensive experience of operation. Let’s compare conditions for trading one of the most liquid instruments – S&P 500, a wide index of shares of the USA and Dow Jones 30, index of manufacturing companies.

Exness Forex Broker Review

In December 2020, the monthly trading volume of Exness reached $673.6 billion and the number of active traders rose above 145,400. I have a problem withdrawing funds I was told to use same method I used to deposit tried that and also told to deposit on internet banking and use it to withdraw still same problem rejected. Spoke the support team they are useless can’t help me either I am Foreign exchange market so frustrated will never recommend to anyone. Exness support is not the best when we compare it to the other brokers in South Africa. We like the fact that the English language chat support is available for 24 hours during all days in a week. But it took a few minutes to get all the answers to our questions. Exness’s customer support is not the best according to our latest tests!

I emmidiately wetdrew the rest of my funds which i hope i will get. And Professional ECN account features raw spread plus the commission per trade. See some of the examples below for a better understanding of Exness costs and comparison with other brokers, as well compare fees to another broker DF Markets. As defined, Exness spread is based on tight variable spreads, which is defined by the account type as well. How much time does it take to withdraw money from Exness?

Trading Platform

However, one must remember that the trading on Exness platform is conducted by risky CFDs, not real cryptocurrency, as in the case with the exchange. In order to understand how attractive Exness commission levels are, let’s compare them with competitors from eToro and Forex.com. For this, we will take several most popular trading instruments and an average spread on standard accounts. In terms of commissions, the Exness Zero account suited me perfectly. Exness has two types of accounts; the real account and the demo or practice account. For my forex experience, I have been trading with many forex brokers from all over the world for 5 years now. I hope that my articles about forex brokers can help you succeed in this market just like me.

  • The XM Ultra Low Account has a minimum deposit of $50 and the Shares Account’s minimum deposit is $10,000.
  • Both the Standard & the Pro account types at Exness can be opened with ZAR as your Account’s base currency.
  • Exness gained actually quite good rankings for its support and is recognized among financial markets for its excellence.
  • Moreover, consumers should have confidence in Exness’s ability to carry out its custodial and market-making duties flawlessly, as CySEC regulates it.
  • Exness always has around $200 million in segregated bank accounts.
  • I trade with Exness for more than two years and never had any problems with the withdrawal or large slippages.

As it goes my platform got disconnected then got connected in 5 minutes. Then i contacted them via a live chat to complain and they asked me for my login id which i provided. I told them that i that this is the 4th trade i placed. And they asked me to double check my login ID which i did by loggin in the android mt5 and took a screen shot of the my login ID .

As per our review 2021, Exness also has Exness Academy. Exness Academy has video tutorials, webinars, news from markets, information materials, and other educational material for traders to enhance their trading skills and trading ideas. The regulated forex companies under the Exness banner also assure to provide support to the traders in the event of the broker becoming insolvent.

Exness UK Ltd. is the FCA-regulated side of the brokerage. So I decide to withdraw the remaining one and all I get is the word Error in big red capital letters. I do not put stop loss because 90% of forex brokers will hunt it except US brokers who cannot afford to do so for fear of FBI and the SEC. When confronted, scam exness broker will not accept it yet I am the kind of trader that puts take profits and confirms with every passing hour whether the TP is still in place. Kindly be informed that we offer different payment methods in different regions.

Countries That Exness Accepts

Other accounts spreads are a little bit higher but there isn’t minimum deposit limitation. The brokerage firm offers tight spreads onthree different account types which are the Mini, the classic and ECN accounts. While no minimum position is necessary for the Mini account type, you can only have up to 100 positions open at a time. The standard account is the most popular trading account in Exness.

Some of my friends have won a lot of money from robot trading, but it’s not easy to find a good robot. Based on my experience with Exness, the deposit/withdrawing process of this broker usually take less than 5 minutes to proceed. If you have good connection, Exness withdrawal usually takes only 1 minute. You can check these spread number easily by yourself by creating an account in Exness, login and check within 5 minutes. Metatrader 4 and 5 s are available as trading platforms on almost any device and all major operating systems. The trading platforms can both be used on desktop for Windows and Mac computers, as well as a browser-based web-application .

The maximum commission is applied up to $3.5 per lot traded and the spreads start from 0.0 – 0.3 pips depending on account types. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website Exness Forex Broker Review may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.

Leverage

Because they serve nothing, just faking they have some service. When you complain disconnection issue, they will ask your proof, when you provided proof and told them it affect the trading, then they still ask another proof again. We recommend traders to do your own research before you sign in and open an account only with the regulated entity, for now it is only the SOuth African eExness entity. Exness actually runs its own Exness Academy designed to support and educate thousands of traders from all over the world. Noteworthy, the broker practically did not provide a functionality for data analysis. In particular, the website does not have any automatic signal generation system, which has long become a part of ‘basic package’ for brokers.

Funds in demo accounts can be easily replenished by a simple filling of a request form. Traders especially those who are constantly on the move prefer mobile Forex trading because of its convenience and reliability. The fact that Exness supports mobile trading is a huge plus and the company will continue to enjoy an upward growth pattern.

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