The Exness Group is a well-established broker that offers online FX and commodity trading. It was founded in 2008, and it now has multiple global affiliates that provide trading services all over the globe. Customers can adopt financial and investing services to their specific wants and needs through the broker. Creating an account, login protection, fixed deposit criteria, deposit and withdrawal options, offline bank transfer options, and many more will be covered in this review. The broker has 10,000 real members established every month and a net value in the billions. The company now has a monthly trading activity of almost $200 billion. The broker’s affiliates are as follows: Nymstar Limited, Exness (Cy) Ltd, Exness (UK) Ltd.
Platforms
Contents
The MT4 (MetaTrader 4) and MT5 (MetaTrader 5) trading platforms are supported by the broker. These platforms are industry-recognized and may well be downloaded free of charge for Pcs and desktop devices, as well as accessed through all popular browsers on Windows and Mac. The broker’s site is accessible in 18 different languages throughout the account registration procedure and on all educational interfaces. Language services are available across terminal and web options.
Investment Options
The broker provides its users with the option of trading CFD and spot on more than 120 products in the marketplaces mentioned below.
Commodities – Featuring metals like XAU and US Dollar, energy, and agribusiness.
More than 100 Forex currency pairs including exotics.
The broker doesn’t provide cryptocurrency trading or indexes including BTC (Bitcoin) and XRP (Ripple).
Exness Group Review – Fees
Exness spreads are often tight and vary depending on the membership plan selected.
Standard Cent Accounts spreads start at 0.3 pips
Standard Account at 0.1 pips, without any fees on all sizes of trades.
During 95 percent of the market day, the Exness Zero (0) Spread Account provides zero spreads on 30 currency pairings. Yet, the research determined that commission might be applied, with fees starting at $3.50 for each side.
Prominent metals, like gold, are available as currency pairings, like XAU and US dollar. On Exness’ website, there is a helpful spread comparing tool.
Exness additionally charges exchange rates for extended holdings as well as an inactivity charge, which is detailed on the firm’s site.
Exness Group Review – Apps
Both MT4 and MT5 support mobile apps, enabling Exness users to execute trades from any place using a simple application. Investors can download the apps for free, and also they are compatible with both iOS and Android systems. The complete range of trading capabilities offered on PC platforms, with analysis instruments and personalized graphs and charts, is accessible.
Deposits and Withdrawals
Minimum deposits differ depending on the type of account and form of payment. Exness traders may establish a Standard Account for as little as 1 USD, which is quite cheap when compared to other brokers. Although Exness doesn’t at all charge a fee for any form of payment, payment gateway fees may apply. Prior to traders depositing money to their account, they should first authenticate it.
Based on the investor’s location, not all payment options will be accessible. It’s worth noting that after establishing an account, it is not possible to change the base currency; although, it is possible to start a new profile in a different currency.
Withdrawals are free of charge at Exness. The min and max limitations differ depending on the method used, with a 6 USD minimum for card withdrawals. Users will appreciate the speed of transactions returning to their original method of payment. Rival brokers usually put a 5-day delay, frequently with associated costs. Check the online help center on the broker’s website or call the customer care hotline for complete instructions on depositing, and withdrawing issues.
Regulation of Exness
Exness UK Ltd. (the UK affiliate) is regulated by the FCA (Financial Conduct Authority), which means Exness follows its strict regulatory guidelines. Customers may expect client money to be segregated and stored in top-tier institutions.
Exness Group affiliates are governed separately, based on the states. Exness Cy Ltd is authorized by the CySEC (Cyprus Securities and Exchange Commission), and Pty (Vlerizo) in Africa is authorized by the FSCA (Financial Sector Conduct Authority). All regulations are credible and well-respected in the field.
Safeness of Exness
For its customers, the broker ensures a great level of protection and safety. Passcode protection is used for the private area and site entry, in accordance with local information privacy legislation. On the Meta Trader 4 and Meta Trader 5 platforms, safe access is mirrored, using elevated encryption methods and standard industry privacy protection.
Service Hours
The broker operates in the United Kingdom GMT standard time and adheres to regular business hours. Monday through Friday, trading is open 24 hours. Usually, currency pairs begin trading at 21:00 UTC on Sunday and end at 22:00 UTC on Friday. Based on the specific national holiday dates, business hours might differ. Stay updated on the Exness’ website’s news page for a complete list of prior and future cancellations. Time frames differ by instrument; full information is available on Exness’ site.
Bonus Features
The broker additionally provides extensive educational and supplementary training resources for international traders of all levels of skill and ability. To attend the Exness Academy, easily sign in to your private space. YouTube video material, a margin, and profit calculation tool, a financial calendar, live streaming news, as well as market statistics are some of the tools available. There is an additional technical study provided.
Exness Group Review – Final Thoughts
On the well-known Meta Trader 4 and Meta Trader 5 platforms, the broker offers chances for users of various skill levels. All nations have regulations in place, along with the industry-recognized CySEC and FCA authorities. Traders can feel confident that such affiliates adhere to the strictest regulations. Account varieties, minimum deposit limits, and the availability of an excellent teaching department all add to their attractive service and great trade environment.
See also: OANDA Review 2021 – Read Before You Trade With OANDA
