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5/5 - (18 votes)

Exness is a global Forex broker that was founded in 2008 and is headquartered in Cyprus.

The broker offers a wide range of trading instruments, including Forex, metals, and indices, and has over 170,000 active clients.

Exness is regulated by the Cyprus Securities and Exchange Commission (CySEC) and has a good reputation for providing fast and efficient execution of trades, as well as competitive spreads and low commissions. The broker also offers a range of trading platforms, including the popular MetaTrader 4 and 5, as well as its own proprietary platform, Exness One.

Exness has received positive reviews from its clients for its customer service, which is available 24/7 in a range of languages, and its user-friendly trading platforms. The broker also offers a range of educational materials and trading tools to help its clients improve their trading skills and make informed investment decisions.

Overall, Exness is a reputable and reliable Forex broker that offers a wide range of trading instruments and platforms, as well as competitive spreads and low commissions. However, as with any broker, it is important to carefully research and compare different options before making a decision.

Summary of EXNESS Group Trading Company

🏢 HeadquartersCyprus, UK and Seychelles
🗺️ Regulation and LicenseCySEC, FCA, SFSA
🖥 PlatformsMT4, MT5
📉 InstrumentsForex, Metals, Indices and Energies, Cryptocurrencies
💰 Costs1.1 pips
🎮 Demo AccountAvailable
💳 Minimum deposit10$
💰 Base currenciesUSD and EUR
📚 EducationExness Academy with Learning and technical analysis
☎ Customer Support24/7

NOTE!

Do not miss a chance to get additional monthly bonuses and payouts for trading at EXNESS Group.

Enter the referral code when you register on the website or EXNESS Group app available on App Store or Google Play:

Partner code; ts0ams0a

The Bottom Line: The brokers below represent the best brokers for beginners.

Pro Tip: Most of these brokers provide free demo accounts so that you can use virtual money to test the brokers and their platforms. Before using your own cash, give it a try with some game money.

Here is a summary of the best novice brokers.

Note: Not all Forex brokers accept US clients. For your convenience we specified those that accept US Forex traders as clients.

Exness

Founded in 2008, the Exness Group holds licences from the United Kingdom Financial Conduct Authority ( FCA), the Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Services Authority (FSA), on whose services this review is based. The group has more than 80,000 active traders and posts on its website key performance indicators.

Exness provides users with the ability to trade across five core trading accounts on a wide range of asset classes covering Forex and CFDs on Crypto, Metals, Energies, Stocks and Indices. Professional accounts are referred to as Raw Spread, Pro and Zero with account leverage of up to 1:2000, no Pro Account trading commissions and 3.5 USD per lot commission per Raw Spread and Zero Accounts side. Standard accounts, which are both commission-free, are called Standard and Standard Cent. Demo accounts and swap-free Islamic accounts are available as well.

Customer support is offered in 13 languages with 24/5 support in 11 languages and 24/7 support in English and Chinese via Live Chat or Email.

Before Exness Review –

Finding out about the broker ‘s support and some other important things is the simplest way to find out the good or bad of any broker. We have reviewed and selected some of the issues in order to provide reviews of the broker, and based on that, we have provided reviews. We will concentrate on the following 4 topics in order to provide reviews.

  1. Deposits/Withdrawals
  2. Fund Security
  3. Platforms
  4. Exness Spread

1 Deposits/Withdrawals

Using a wide range of deposit and transfer options, including wire transfers, Neteller , Skrill and others, funds can be deposited. The automatic withdrawal of funds using a number of electronic payment systems is one of the main advantages of EXNESS, providing traders with round-the-clock control over the funds of their trading accounts.

On request, withdrawals are done instantly and funds are returned using the same method used for the deposit.

Each method of deposit and its benefits and disadvantages for the trader are listed in a useful chart, not offered by many other brokers.

2 Exness Fund Security

By depositing funds into the broker, all traders are a little worried. Because this money isn’t going to be lost, or isn’t it going to kill the broker? We know it’s normal here. Because that’s our hard-earned money, brother. It won’t be as difficult if we lose money by trading, as if the broker doesn’t allow us to withdraw funds or doesn’t provide protection for the money we have invested.

There are a lot of you who have heard the surrogate account ‘s name. Now the question is, what does this have to do with the security of funds? The broker itself is not a bank that deposits your invested funds into the broker’s account for your convenience. Brokers offering Surrogate Accounts directly deposit the funds of their client with a listed and trusted bank in the name of a client, as opposed to depositing them in their own account. Now the question is, what advantages are there? Let me clarify with a simple example of –

Suppose you deposit funds with a broker called “A” that does not have a surrogate account facility. If your broker goes bankrupt at any time, all of the funds you have invested in it will be lost. That is, you’re never going to get back that money.

He deposited funds in a broker called “B,” which has the benefit of a surrogate account, on the other hand. If your broker goes bankrupt at any time, the bank will be required to return all the funds you have invested in it. Hope you’re understanding. The safety system at Exness is powerful enough. Wherever you go to deposit or withdraw any amount from the broker, a security code will be sent to your registered phone number. And you can then withdraw funds from the broker by providing that code.

Platforms

MetaTrader 4

With its improved terminal interface, increased performance and speed, MetaTrader 4 and the newer MetaTrader 5 are the trading platforms of choice at EXNESS, as they work well with currency pairs, CFDs, and futures.

MetaTrader 4 offers the most freedom for trading strategies to be implemented and a large number of expert advisors (EA) have been created for this terminal by traders around the world. Clients who prefer Forex algorithmic trading can easily adapt and effectively use their advisors by trading on EXNESS servers.

For traditional desktop computers as well as the most popular mobile platforms, Macs, and Linux, EXNESS offers MetaTrader 4.

The MT4 web platform is also offered by EXNESS. This platform, operated by Meta Quotes, is a web terminal with all the basic functions that traders need, including real-time quotes, customizable price charts, different timeframes for charting, and basic analytical objects. At the request of many of its customers who are interested in using a traditional desktop platform, it is offered.

MetaTrader 5

MataTrader 5 supports shares and options for trading. There have been two new types of pending orders — Buy Stop Limit and Sell Stop Limit, and additional terms are now available when trading on the stock market — Fill or Kill (FOK) and Immediate or Kill (IOK).

Level 2 quotes are supported by the MT5 terminal, enabling the analysis of market depth, and new programmes appear automatically in MetaTrader 5.

The ability to hedge Forex positions has been taken away by MT5 developers for whatever reason.

Mobile

From their mobile devices, traders can perform most of the functions of the Metatrader 4 and Metatrader5 platforms. Mobile Forex trading offers traders the ability from anywhere to complete trades. The important thing is to have a connation to the Internet. As the number of mobile platforms for different devices grows, more and more traders are opting for mobile Forex trading, so this capacity is important for this company’s continued growth.

Exness Spread

In short, the gap between the purchase price you receive and the sale price of the entry you receive. This gap is called the spread, which is known as the broker ‘s profit. For traders, spread is a loss, because if you enter a currency pair where the spread amount is higher, it will open with more losses.

Now, trading without spreads is not possible. The broker that has less spread is therefore preferred by traders. There is tolerability for the amount of spread in Exxon Broker. That is, this broker doesn’t charge for the additional spread. The broker has to change its spread based on the movement of the market. That is, the spread is “variable” in this broker, which is constantly shifting above the market price movement.

This spread can be observed in all major currency pairs, depending on market movement, from a minimum of 1 to 16 pips. Which is a lot less than other brokers in comparison. If you are looking for a low-spread broker, then one of your options may be Exxon.

HOW LONG DOES EXNESS WITHDRAWAL SYSTEM TAKE?

Based on my experience with Exness, this broker’s deposit / withdrawal process typically takes less than 5 minutes to continue. The 5-minute is when the web is slow. If you have a good connation, it usually takes only 1 minute for Exness to withdraw.

EXNESS DEPOSIT METHODS AND EXNESS WITHDRAWAL REVIEW

Exness offers a variety of deposit and withdrawal methods to suit traders’ needs. These include bank wire transfer, credit/debit card, online payment systems such as Skrill and Neteller, and various local payment options.

Deposit process:

  1. Log in to your Exness account and go to the “Deposit Funds” page.
  2. Select your preferred deposit method and fill out the required information.
  3. Confirm the details and wait for the funds to be credited to your account.

Withdrawal process:

  1. Log in to your Exness account and go to the “Withdraw Funds” page.
  2. Select your preferred withdrawal method and fill out the required information.
  3. Confirm the details and wait for the funds to be transferred to your chosen payment method.

Exness offers a fast and efficient withdrawal process, with most requests being processed within 24 hours. The minimum withdrawal amount varies depending on the payment method, but is generally around $1. There are no fees for withdrawals, except for some local payment methods which may incur a small fee.

Overall, Exness offers a convenient and reliable deposit and withdrawal process. The wide range of available payment methods allows traders to easily and securely manage their funds

EXNESS EXECUTION SPEED IS THE FASTEST

Exness is known for its fast execution speed, which allows traders to quickly and efficiently execute their trades. This is achieved through the use of advanced technology and a high-speed trading platform that allows for fast and seamless execution of trades.

The fast execution speed of Exness ensures that traders are able to take advantage of market opportunities and make profitable trades in real-time. This is a key advantage for traders who need to be able to react quickly to market movements and take advantage of fast-moving price changes.

You can test it on your own easily. I just checked and discovered the speed of the Exness server is 5 times faster than other brokers. Let’s test it and now see the outcomes!

THERE ARE NO SWAP ACCOUNTS

Swap is also a type of trading expense. So, the smaller, the better. For Islamic countries, Exness offers a free swap account. If you are not in Islamic countries, you can get a free Cryptocurrency trading swap. Check Exness no swap accounts   

YOU CAN USE EA FOR TRADING AT EXNESS

Yes, you can use Expert Advisors (EA) for trading at Exness. Exness provides a MetaTrader 4 (MT4) platform that allows traders to use EA for automated trading. The MT4 platform offers a wide range of EA options, including pre-installed and custom-built EA. Traders can use EA to automate their trading strategies, monitor market conditions, and execute trades based on predetermined rules.

FAQs

What funding methods do Exness accept?

Deposits and Withdrawals
Choose from flexible payment options in local currencies, including the world’s most popular payment systems, e-wallets, and crypto wallets.
Offline bank transfer,Bitcoin,Bank Card,Skrill,Neteller,Perfect Money,USD Coin (USDC ERC20),Tether (USDT ERC20),Webmoney

Is Exness safe?

Exness is a regulated and licensed forex broker. It is registered with multiple financial regulators, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Authority (FSA) in the Seychelles. It also holds a Category 1 Global Business License from the Financial Services Commission of Mauritius. These regulatory bodies ensure that Exness follows strict rules and regulations to protect its clients’ funds and provide a safe trading environment. Therefore, Exness is considered a safe forex broker.

Is Exness regulated in USA?

Yes, Exness entities are regulated by a host of financial regulatory organisations worldwide.13-Jun-2022

Which country is Exness from?

Exness (Cy) Ltd is a Cyprus Investment Firm, authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 178/12.

Is Exness trustworthy broker?

Exness broker is regulated by CySEC and FCA, two of the most well-trusted and known forex regulations in the market. Every client at Exness all has Exness broker protection. So, you should be very safe when trading with Exness.