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Exness Review – There are over a thousand different types of Forex brokers, each offering different services. Will you begin trading by selecting a broker? This is critical because successful trading necessitates being a good broker. A significant factor in trading is the broker. However, as a novice trader, picking the right broker can be challenging. Because a new trader is unable to compare and select various brokers.
That is why we are writing this piece today. We’ve always tried to introduce you to all of the most well-known brokers and their offerings. I’ll go over all of the positive and negative aspects of this in today’s Exness Review. broker. So let’s get started –
Before Exness Review –
The easiest way to find out the good or bad of any broker is to find out about the support of the broker and some other important things. In order to provide reviews about the broker, we have checked and selected some of the issues, and based on that we have provided reviews. In order to provide reviews, we will focus on the following 6 topics.
- Execution time
- Fund processing time
- Fund Security
- Broker Support System
- Various bonuses and promotions
Exness Review – Execution
This is the execution time, or how much time you have when trading real money. To put it another way, I wanted to explain how long it takes to receive an entry. This is critical because if you take too long to accept an entry, you risk losing your target pips. This broker’s execution time is average. That is to say, it is not a real-time entry. As a result, those who prefer to trade when there is a lot of movement, such as during news trading, may have a problem. During news trading, some delays are to be expected, according to our experience. There is a “Re-Quote” when accepting an entry due to the extra movement, and the entry may not be available at the price at which you entered. However, if you trade on this broker’s ECN account, this problem will not occur.
Exness Review – Fund Processing
The biggest reason for the popularity of Exness broker is the fund processing time. That is, it does not take more than a second to deposit or withdraw funds at this broker, which is why most traders trade at this broker. In our experience, it did not take more than a second for this broker to deposit or withdraw funds.
We used Neteller and Skrill to deposit and withdraw funds at the broker and it did not take much time to transfer funds through it. And I can assure you, no other broker like Exness makes instant payments.
Exness Review – Fund Security
By depositing funds with the broker, all traders are concerned. Because this money will not be lost or destroyed by the broker? We understand that this is normal. Because this is our hard-earned money, brother. If we lose money trading, it will be much easier to recover than if the broker refuses to let us withdraw funds or does not protect the money we have invested.
Many of you may be familiar with the surrogate account’s name. What does this have to do with fund security, you might ask? The broker is not a bank, and your invested funds are deposited in the broker’s account for your convenience with a listed and trusted bank as opposed to depositing them in their own account. Now the question is, what are the benefits? Let me explain with a simple example
Assume you deposit money with a broker named “A” who does not offer a Surrogate Account. If your broker goes bankrupt at any point, you will lose all of your money. That is to say, you will never see your money again.
He, on the other hand, put money into a broker named “B” who has access to a Surrogate Account. If your broker goes bankrupt at any point, the bank is obligated to return all of your funds. I hope this makes sense. Exness’ security system is adequate. When you deposit or withdraw money from the broker, a security code will be sent to your registered phone number. And by providing that code you can then withdraw funds from the broker.
Exness Review – Broker Support
In terms of customer service, this broker is also very dependable. This broker offers assistance in about 16 different languages. There is the option of receiving direct support in Hindi for Indian traders. That is, if you require assistance in Hindi, the broker’s support team will provide you with appropriate assistance in Hindi.
This broker also offers live chat, which is available 24 hours a day, five days a week, and allows you to get immediate assistance from the broker. You can also contact the broker’s support team via email or phone for assistance.
Exness Review – Bonuses and promotions
Many people are interested in starting a real trade with the broker’s various offers. However, exness isn’t much of a help in this regard. That is, there are no bonus offers available with this broker. The broker, however, may offer a special deposit bonus depending on the account. However, this isn’t for everyone.
As a result, if you want to start trading with this broker with a bonus, you will be unable to do so. This should not be a problem for those who do not want to start trading with bonus offers.
Exness Review – Leverage
In a summary, this broker is ideal for traders who prefer to leverage their trades. The broker will provide you with leverage up to 1: 2000 without any restrictions, and you will not be required to deposit any money. One thing to keep in mind is that the amount of leverage you have is automatically reduced during major news or events. This is normal, but it can affect your trading strategy negatively. Your leverage will be reset once the news timer expires. You will be notified via email if the broker changes the leverage.
Note: Leverage and marginal trading are not for everyone, especially newcomers. Exness leverage can lead to a loss of your investment. So, please read our Leverage and Margin article seriously before trading with Exness Leverage.
Exness Review – Spread
Simply put, the difference between the given buy price and the entry’s sale price. This chasm is known as the spread, and it is considered the broker’s profit. For traders, spread is a loss because if you enter a currency pair with a higher spread, you will open with a larger loss.
Spreads are now an unavoidable part of trading. As a result, traders prefer brokers with lower spreads. Exness Broker has a spread that is acceptable. That is, this broker is not charged for the extra spread. The broker’s spread must be adjusted in response to market movement. That is, this broker’s spread is “variable,” meaning it fluctuates above the market price movement.
This spread can be observed in all major currency pairs from a minimum of 1 to 16 pips depending on the movement of the market. Which is comparatively much less than other brokers. If you are looking for a low spread broker then Exness may be one of your options.
Exness Review – Social Trading
Many people who want to trade Forex or invest in the stock market but don’t understand trading or don’t have time to trade can benefit from social trading or copy trading, which these brokers provide. This enables you to directly copy the trades of the best traders from the broker. That is, you will not have to trade on your own because the trader’s copy will be copied to your trading account in the automated system. This might be a good chance for you. For more information, see the Exness Social Trading article.