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Pros and Cons of Exness | Who should use Exness's trading platforms?
Established in 2008, Exness is a globally recognized Forex broker operating in over 130 countries, offering a wide range of trading options, favorable conditions, and robust security measures.
Exness Trading Company, established in 2008, is a globally recognized Forex broker, legally operating in over 130 countries and regulated by several authorities including FCA, CySEC, and FSC among others. The broker boasts a significant trading turnover of $325.8 billion USD per month and offers a wide array of trading options, including CFDs for cryptocurrency, stocks, over 120 currency pairs, energy, and metals, with favorable conditions such as low commission, instant order execution, and diverse account types including a demo account. Exness provides various advantages like 24/7 instant fund withdrawal, free VPS hosting for eligible traders, and a choice of trading platforms (MT4, MT5, Exness Trading Terminal). However, the broker’s customer service is not 24/7, and the training resources are only available in English. With a strong emphasis on security and investor protection, Exness offers up to EUR 20,000 insurance coverage per client through the Financial Commission, ensuring a safe and reliable trading environment.
Exness Trading Company: An In-Depth Review
Founded in 2008, Exness Trading Company has become a prominent figure in the Forex market, offering a range of services that cater to a variety of traders, from beginners to professionals. Over the years, the company has expanded its reach, legally operating in more than 130 countries and ensuring full compliance with local laws in every jurisdiction. The hallmark of Exness’s reliability and credibility is the extensive list of licenses it holds from several regulatory authorities including the FCA (UK), CySEC (Cyprus), FSA (Seychelles), CBCS (Curacao and Saint Martin), FSC (British Virgin Islands), FSC (Mauritius), FSCA (South Africa), and CMA (Kenya). This regulatory oversight guarantees that Exness operates under stringent standards, ensuring the safety and security of its clients’ funds.
Exness’s Market Presence and Offerings
Exness has solidified its position as a leader in the Forex market, boasting an impressive monthly trading turnover of $325.8 billion USD. The broker’s offerings are diverse, encompassing CFDs for cryptocurrency, stocks, more than 120 currency pairs, energy, and metals. This extensive range of instruments, combined with favorable trading conditions like low commission, instant execution of orders, and swift withdrawal of funds, makes Exness an attractive option for traders.
Account Types and Trading Conditions
Exness provides a range of account types tailored to meet the specific needs of different traders. These include:
Standard Accounts:
- Standard and Standard Cent: Offers spreads from 0.3 pips.
- Standard Plus: Features spreads starting from 1 pip.
Professional Accounts:
- Pro: Boasts spreads from 0.1 pips.
- Raw Spread and Zero: Features spreads from 0 pips.
The broker offers a leverage of 1:2000 at the start, which can be extended to 1:Unlimited under certain conditions. The minimum deposit requirement is extremely accessible, starting from just $1, making it feasible for traders of all levels to start trading. In addition, Exness provides a demo account, allowing traders to practice and hone their skills before stepping into the live markets.
Advantages of Trading with Exness
Exness is known for several advantageous features:
- Free VPS Hosting: Available for traders who meet specific trading activity and deposit requirements.
- Instant 24/7 Money Withdrawal: Ensures that traders have prompt access to their funds.
- Narrow Spreads: Offers competitive pricing, reducing trading costs.
- Diverse Trading Platforms: Includes MT4, MT5 (desktop and mobile versions), and Exness Trading Terminal (browser and mobile versions).
However, it’s worth noting that Exness’s customer service is not available 24/7, and their training resources are currently only offered in English, which might limit accessibility for some traders.
Investment Programs, Markets, and Products
Exness stands out as an ideal broker for those looking to engage in both active trading and passive investments. The broker offers a range of technology platforms and trading conditions that optimize the profitability of investments with minimal risk. Services like Social Trading and diversified investment portfolios are popular among both investors and traders, with the latter benefiting from additional commissions.
Social Trading with Exness
Exness’s proprietary Social Trading platform, available only in the mobile version, is a unique offering in the market. Unlike traditional platforms, investors connect to specific strategies rather than individual traders, offering a layer of protection against sudden strategy shifts.
- For Traders: Create a strategy under the Social Trading tab in your User Account, attract investors by detailing your strategy, and improve your performance to climb up the ratings.
- For Investors: Download the app, sign in, and use filters like profitability and fees to choose strategies. Detailed profiles offer insights into trading statistics, risk scores, and more. Investors can activate copying and monitor results, with the option to copy several strategies.
Start Social Trading with EXNESS
Copy Trading with MQL5
Exness also integrates with MQL5.Community, allowing traders to connect with a global community and copy trades directly from the MT4/MT5 platforms.
Comprehensive Trading Conditions
Exness prides itself on offering some of the most attractive trading conditions in the market:
- Leverage: Up to 1:2000, with no restrictions post certain trading volumes.
- Spreads: Competitive spreads across all account types.
- Execution: Market Execution on all accounts, with Pro accounts also offering Instant Execution.
- Platforms: Access to MT4, MT5, Exness Trading Terminal, Web terminal, and mobile platforms.
- Deposit and Withdrawal: A wide range of payment systems for hassle-free transactions.
See more about EXNESS’s Trading Conditions
Security and Investor Protection
Exness’s commitment to security is evident in its regulatory compliance, membership in the Financial Commission, and provision of up to EUR 20,000 insurance coverage per client for unforeseen events. The group’s licenses from multiple regulatory authorities ensure that traders work with a legally compliant, responsible broker.
Exness stands out in the crowded Forex market with its comprehensive offerings, favorable trading conditions, and robust regulatory framework. Whether you’re a novice trader or a seasoned professional, Exness provides the tools, platforms, and conditions to help you thrive in the dynamic world of Forex trading. With its commitment to innovation, security, and customer satisfaction, Exness is a broker that can cater to the diverse needs and preferences of traders worldwide.
FAQs about Exness Trading Company
- 1. What are the key features of Exness Trading Company?
- Exness is a well-established Forex broker since 2008, operating legally in over 130 countries and regulated by multiple authorities including FCA, CySEC, and FSA. It offers a wide range of trading options including CFDs for cryptocurrency, stocks, currency pairs, energy, and metals, and boasts a monthly trading turnover of $325.8 billion USD.
- 2. What trading conditions does Exness provide?
- Exness offers favorable trading conditions such as low commission, instant execution of orders, and various account types including a demo account. It supports a leverage of up to 1:2000 initially, with the possibility to go unlimited under certain conditions, and offers narrow spreads starting from 0.0 pips depending on the account type.
- 3. What are the advantages and disadvantages of trading with Exness?
- Advantages include free VPS hosting (under specific conditions), instant 24/7 money withdrawal, segregated accounts, and a range of trading platforms including MT4, MT5, and Exness Trading Terminal. A notable disadvantage is that customer service is not available 24/7 and the training resources are currently only available in English.
- 4. What is Exness’s approach to social and copy trading?
- Exness offers two social trading services: a proprietary Social Trading platform available in mobile version, allowing investors to connect to specific strategies rather than traders, and a copy trading service integrated with MT4/MT5 platforms through MQL5.Community, offering access to a global community of traders.
- 5. What types of accounts does Exness offer and what are the conditions?
- Exness provides a variety of accounts including Standard, Standard Cent, Standard Plus, Raw Spread, Zero, and Pro, catering to different levels of traders. Conditions vary with each account type, offering different spreads, commission structures, and leverage options. A demo account is also available for practice and strategy testing.
- 6. What tools and support does Exness offer to traders?
- Exness provides several tools including analytical instruments from Trading Central, live newsfeed from FXStreet News, an investment calculator, economic calendar, and tick history archive. Traders also benefit from free analytics, roundups, webinars, and weekly reviews in the training section.
- 7. How does Exness ensure the security of its traders?
- Exness is a group of companies each holding a license to operate in compliance with local laws, ensuring a legal and responsible trading environment. The broker is also a member of the Financial Commission, providing up to EUR 20,000 insurance coverage per client in case of force majeure. Withdrawals are processed instantly, and various methods are available for fund transfers, enhancing the security and convenience for traders.