What is Exness?
Exness is an online brokerage firm, operates globally. They provide services from two branches in Seychelles and they are also known by the name of an Cyprus broker. The distinct features of this firm lets its clients benefit from the benefits of customized financial services across the globe and also offer solutions for investing, while the brand's global reach offers a variety of opportunities for partners or corporate solutions mainly and also to retail.
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Pros
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Cons
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They are a global Broker with offices in Cyprus, UK, and Seychelles
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There is a lack of multi-currency accounts.
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They provide a broad range of instruments, including Forex and CFDs
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For both professionals and beginners, it is possible to make use of it
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They are equipped with MetaTrader technology.
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They can provide their clients with the most advanced analytical tools, research and other analysis
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10 Points Summary
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Headquarters
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Cyprus, UK, and Seychelles
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Regulation
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CySEC #178/12 (Exness (CY) Ltd), FSA-S #SD 025 (Nymstar Limited), FCA #730729 (Exness (UK) Ltd)
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Platforms
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MT4, MT5
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Instruments
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Forex, Metals, Indices and Energies, Cryptocurrencies
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EUR/USD Spread
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1.2 pip
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Demo Account
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Available
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Minimum deposit
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1$
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Base currencies
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USD and EUR
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Education
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Exness Academy with Learning and technical analysis
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Customer Support
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24/7
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What kind of broker do you have? Exness?
Exness is a well-known CFD/FX broker operating globally and offers services for around 130 trading instruments from the year 2008. Exness owns several brokerage firms in three different regions in which three distinct corporate entities are their representatives.
Awards
With its extensive expertise and experience in providing high-quality service, Exness is rewarded by a variety of awards and has received a lot of recognition around the globe. The awards it has received include satisfaction with customers as well as trading technology and overall ratings for providing the highest quality of service successfully.
Is Exness secure or is it a fraud?
The first thing to be aware of when considering or making a decision to work with a broker is ensuring the authenticity of the broker and its licenses, and the regulatory requirements. Any broker that is appropriately regulated are safe to trade with and invested in because they are secure and safe However, on the other hand we recommend to be vigilant and watchful of offshore brokers.
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Pros
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Cons
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Their regulations are handled through CySEC, FCA
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They are not listed on Stock Exchange
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They offer separate accounts and annual reports to their clients.
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This global plan is governed by SFSA
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Protect negative Balance
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Is Exness legitimate?
Because the presence of Exness is widely known throughout the world, the oversight of its activities is carried out by local authorities, which are highly respected within the whole business. Exness CY is licensed with CySEC and, in contrast, it is regulated and approved with the Financial Conduct Authority.
What are the ways to protect yourself?
The funds of investors are secured by Exness since it offers complete security to its customers investment by ensuring that all the necessary precautions are in place and make sure to double-check the security procedures. All this is done by providing the following features:
Separated accounts
Rapid withdrawals
Protection against negative balance
Verification
Leverage
The degree of leverage is dependent on three main factors that include the instruments used to trade and the level of proficiency of the trader and also the limits of the regulation.
The regulations of CySEC and FCA and CySEC and FCA as well as the European Directive MiFID have reduced the possibilities for leverage levels substantially, retailers can utilize leverage as high as:
11:30 in major currencies
1:20 is for the minor issues
1:10 to describe commodities.
However, as Exness is a worldwide brand, it could allow leverage up to 1:1000, which can be determined based on your country of where you are from.
Accounts
Exness offers two accounts that an individual can pick one that fits him best for his trading needs and then proceed to the registration process.
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Pros
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Cons
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The procedure of opening an account online is fast
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There are no cons to be found.
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They offer Standard Account as well as Standard Cent Account
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Professional ECN Account
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Also, provide a demo account for practice
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Types of accounts
There are more than 80 choices of currencies available to accounts, and the company has specific characteristics that distinguish quick payment options. They have two kinds of accounts. The Standard Account is designed to cater to small-sized traders. The Standard Account and Professional ECN Account offer raw spreads and charge commissions for each trade.
Fees
After studying the spreads for Exness They are based on a tight set of variables which are also determined according to the kind of account. The spreads for the Standard Cent Account start with 0.3 percent and there's no charge for commissions for trading volume which means the calculations of transactions are in cents, whereas on the other hand, costs for the Standard account are calculated on the tight spread of 0.1 per cent.
Comparison of Exness fees and other brokers
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Asset/ Pair
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Exness Fees
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GT.io Fees
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FP Markets Fees
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EUR USD
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1.2
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1.6 Pips
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0.7 pip
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Crude Oil WTI
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4
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3
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3 pip
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Gold
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0.3
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0.30$
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16 cents
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Inactivity fee
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Yes
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Yes
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Yes
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Deposit fee
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No
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No
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No
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Fee position
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Low/ Average
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Low
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Low
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What exactly is Exness the commission?
Exness has a charge for commissions for round-turn trade that is executed from both sides. For each lot on classic and mini accounts, the cost of a commission for commodities of CFD trading are 13 USD or 10 USD, respectively. This feature is only available to customers of Exness within specific areas only.
Trading Instruments
With these popular instruments, you can trade using Exness that includes Forex
with CFDs on 107 currency pairs, on stocks, Indices and Metals, Energy and seven cryptocurrencies.
Deposits and Withdrawals
With Exness you can instantly deposit and withdraw funds and do so without commission fees through the use the electronic system for payment that allows you to control the amount of money you deposit into your trading account without difficulty.
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Pros
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Cons
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Rapid digital deposits
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There could be a deposit application cost in accordance with your location
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The deposit at the beginning is smaller, and is just $1.
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Supporting Base Currencies for Accounts USD and EUR No withdrawal fees
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Deposit Options
Exness offers the following options to make payment
Bank Wire Transfers
important Credit Cards
e-systems Neteller and Skrill
How much is minimum amount to deposit required for Exness?
The Exness minimum deposit amount Exness demands to deposit is US Dollar 1.00.
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Withdrawals
There aren't any withdrawal fees charged. However, it is advised to read the terms of customer service and the conditions that are laid out for your location and your residency.
Withdraw Money Step By Step
There are seven steps to withdraw cash to the account of your Exness account:
Step 1: Log in to your Exness Personal Area on the home page of our website.
Step 2: Click on the Withdrawal section.
Step 3: Select the payment system you would like to use.
Step 4: In the pop-up menu, click on the account that you wish to withdraw money from.
Step 5: Choose the currency of your payment system
Step 6: Enter your payment account number in the system.
Step 7: Enter the amount you want to withdraw, and then click Next
Step 8: Check that your details for withdrawal are correct. Then use the code that has been delivered to your email address or mobile phone
Step #9: Click Confirm Withdrawal
Trading Platform
The most well-known robust, reliable, and reliable trading platforms utilized by Exness are MT4 as well as MT5.
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Pros
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Cons
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Trading software that is extremely user comfortable
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No cons of this kind found.
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They have MT4 and the MT5 trading platforms.
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Both trading platforms work with Web, Mobile, and Desktop platforms.
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Report on costs
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Analysis of the technical aspects and no limitations on strategies
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The use of different languages
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Web Trading Platform
The two most well-known trading platforms are MT4 and MT5 don't require any introduction. They also come in a variety of versions that don't require any installation or configuration. Access is very simple, which is through Web Trading.
Desktop Platform
MT4 as well as MT5 for desktops are alike to one another. The only differences between the two desktop versions of platforms is that MT5 is a bit more advanced than MT4. that are similar to MT4 however, both platforms function in similar ways.
Mobile Platform
On mobile trading platforms, traders are able to avail of notifications, alerts, and complete control over his account for trading, regardless of whether he's the iOS client or Android user.
Customer Support
Another advantage is the provision of customer support via email, phone, chats on the internet, along with 24 hour help.
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Pros
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Cons
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They offer a rapid response and provide relevant responses to the customer's questions.
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The support 24/7 is provided only in English and Chinese only.
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Responses are supported via Live Chat or phone lines. emails
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Utilization for 13 diverse Languages
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Offer 24/7 support
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Education
The most appealing aspect of Exness is that it has its own academy that educates traders and also has well-designed learning tools.
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Pros
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Cons
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A well-equipped school is by the name of Exness Academy
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There are no cons to be found.
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Provides demo account
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Fundamental and Technical Analysis
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Provide Comprehensive research tools
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Trading Calculators, Trading Insights, and trading concepts
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Market News, Webinars, and Web TV
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Conclusion
This review reveals the lengthy background of Exness and how their processes are conducted and what kind of conditions work best for various trading styles or experiences as well as size of accounts. Its costs are quite affordable when we compare them against other companies in the field, and the supply of amazing analysis tools as well as other technology-related solutions.
