|Regulation||FCA in UK|
CySEC in Cyrus
|No dealing desk||Yes|
|Number of trading pairs||more than 200 traded products|
|Withdrawal speed||Earliest less than 1 hour|
Exness is a broker that many investors are interested in. Surely everyone will ask questions such as: Is Exness reputable? Exness of which country? Exness is a dealing desk or no dealing desk. Take a look below, I will tell you about Exness.
The number of financial trading products at Exness is relative, not small, nor much. It can be said that this is an advantage of very fast deposit and withdrawal. However, the exchange also does not allow deposits without trading. This is causing controversy among traders around the issue that “exness is a scam”.
What is Exness ?
As a forex broker that offers Forex and Stocks, Stocks, Indices, Energies, Precious Metals and Cryptocurrencies as CFDs. Exness Forex broker is both a Dealing desk and a No Dealing Desk. This broker provides foreign exchange services to all subjects, including retail traders.
About and Regulation
Exness broker was established in 2008. Companies of the Exness Global Limited group.
- In the Exness Asia region. Exness is registered in the Seychelles under the trademark Nymstar Limited (formerly Exness Limited) with the registration number 8423606-1. Authorized FSA (Financial Services Agency) license number SD025. Registered office at F20, 1st floor, Eden Plaza, Eden Island, Seychelles.
- Area Europe, trademarked as Exness Cy Ltd is regulated by the Securities and Exchange Commission of the Republic of Cyprus (CySEC) license number 178/12.
- With the brand Exness UK Ltd authorized and regulated by the Financial Conduct Authority (FCA) in the UK license number 730729 and regulated on exness.uk
Thus, Exness is a company operating in three regions of Europe, UK, and Asia. With such a large area of development surely Exness works are nominal. Also contributes to the reputation for this broker. However, investors should also note that the legal aspect is also relatively weak for Asian clients, which is the FSA license in the Seychelles.
Recently, Exness has made many improvements to expand trading products and new account types for 2020 such as Zero Spread.
Spread & Commission on account types
Exness allows trading with unlimited leverage on certain account types. Personally, do not recommend infinity leverage because it is like a trap. Includes 5 types of accounts:
Minimum capital from 1 USD, no commissions, unlimited leverage (custom), Forex and Gold only, Silver products. Exness Spreads from 0.3 pips, MT4 platform only. This is also the type of account for beginners to get acquainted with trading.
Minimum capital from 1 USD, no commission, unlimited leverage (custom), products including Forex, Gold, Crypto, Indices, Crude Oil. Spreads from 0.3 pips, trade on MT4, MT5 platforms. This is also a slightly more advanced type of account than the Cent account in terms of number of traded products.
Raw Spread Account: (Exness ECN)
Minimum capital from 200 USD, commission fees up to 7 usd / lot depending on trading pair, unlimited leverage (custom), products including Forex, Gold, Crypto, Indices, Crude Oil. Spreads from 0 pips or more, traded on MT4, MT5 platforms. If you are a Scalping trader this is the type of account that is most suitable.
Minimum capital from 200 USD, commission fee of 7 USD / lot or more depending on trading pair, unlimited leverage (custom), products including Forex, Gold, Crypto, Indices, Crude Oil. Spread is almost 0 pips, accounting for 95% of the total time of the day, trading on MT4, MT5 platforms.
Minimum capital from 200 USD, no commission, unlimited leverage (custom), products including Forex, Gold, Crypto, Indices, Crude Oil. Spreads from 1 pips, trade on MT4, MT5 platforms. This is the type of account belonging to the Dealing desk.
In my experience, if you trade at Exness you should choose an ECN account type.
|See a detailed comparison of account types on EXNESS|
All Trading platforms on Exness by Metaquotes
Metatrader 4 (MT4) and Metatrader 5 (MT5) are the products developed by Metaquotes and all of them are Exness online platforms. Thus, traders are free to trade on current devices such as desktop or laptop, mobile phone, tablet everywhere.
Advantages of MT4 – Metatrader 4
- Provide customer data protection on Metatrader Exness. All communication between servers is encrypted securely with 128 bit key.
- More than 25 indicators.
- There are 6 types of order entry: buy order and sell order, buy limit and sell limit, buy stop and sell stop.
- Applied on Exness account types: Standard account, Raw Spread account, Pro account, Zero account and Cent account.
- Easy to use and fast start-up speed.
- Used for Computers or Laptops using Windows or Mac operating systems. See the instructions for logging into MT4 for Windows devices via Youtube, while Mac devices are also very simple.
- Tablets and Phones using Android and iOS operating systems. See instructions for installing and logging in to MT4 on Android devices via Youtube, and iOS devices via Youtube.
- Devices using Linux operating system. See installation instructions via Youtube.
Click here to Download Exness MT4 platform.
Advantages of MT5 – Metatrader 5
- MT5 is an innovative trading platform from MT4. Updated in the future.
- Provide customer data protection. All communication between servers is encrypted securely with 128 bit key.
- Over 40 trading indicators and 45 built-in chart designs.
- There are 8 types of order entry: buy order and sell order, buy limit and sell limit, buy stop and sell stop, Buy Stop Limit and and Sell Stop Limit.
- Available on these Exness accounts: Standard account, Raw Spread account, Pro account, Zero account.
- Allows the Hedge transaction method.
- Easy to use and fast start-up speed.
Can be used on computers and laptops using Windows or Mac operating systems. See instructions for logging into MT5 for Windows devices via Youtube.
Tablets and Phones using Android and iOS operating systems. See the instructions for installing and logging in just like MT4 above.
Devices using Linux operating system. See installation instructions via Youtube.
Click here to Download Exness MT5 platform.
Web Terminal is not need download
This is a web version of the MT4 / MT5 trading platform. Investors trade immediately on Exness website after logging in, without downloading any MT4 or MT5 software.
This will also be convenient for investors who don’t know how to install MT4 & MT5 trading software. But maybe, I should tell you, it’s pretty bleak for you. If you do not know how to install trading software, as well as not good at technology, it will also be a huge obstacle. For example, in the short term, you may need to download additional external tools, then you must download the software to your PC or Laptop.
But perhaps, it will not be smooth when trading on the downloaded software.
See Exness’s WebTerminal
Free VPS with conditions
Exness broker offers a free VPS virtual server system to all traders, conditionally required. This VPS virtual server is located close to the Exness server, creating a smoother and more transparent connection, as well as reducing latency in the best way. The minimum required capital is 500 USD, you can ask Exness to provide the right to use VPS Free.
Like the economic calendars in many other economic calendar websites such as: forexfactory, investing. Economic calendar at EXNESS website offers three main states: “In fact”, “forecast” and “Last time” on every economic event. At Exness offers economic calendars on 26 countries around the world corresponding to 26 currencies.
This tick data will be needed for traders who specialize in using and testing EA (Expert Advisor) in trading. At Exness, providing price data on almost all currency pairs and indices for each account type at Exness.
To download price data (Tick history) investors just need to go to https://www.exness.com/en/metatrader_4/. The cursor above select “Tools and Services”, then select “Price change history” then select “time”, then download that data and backtest on MT4.
Socical Trading (Copy trade)
Social Trading is a service that allows investor to copy trading orders from the strategies provided by other traders (leader). For Exness broker, investors can only use copy trading on mobile or tablet devices using Android or iOs.
To be a signal provider requires capital of at least 500 USD. As for, investors copy transactions requiring capital from 100 USD, if losses do not pay commission fees but lose money.
Exness offers 6 types of strategies:
- Most Copied
- Growth with Moderate Risk
- Best Growth per month (Best Growth per month)
- Best Growth for 3 months
- Low commission strategy
- New Strategies
See more strategic providers on Exness: https://social-trading.exness.com
THIS IS A BUDGET BY MY KNOWLEDGE:
When I evaluated Exness’s copy trading feature, there were points lacking important details that made it difficult for the copyist to pre-evaluate in deciding to copy the strategy.
Personally, I have feelings that there are irrationalities in this “Strategic Copy” service. Other times, there is a time when I will give a review of the replication service at Exness.
Exness Trader App
Exness offers an account management app specifically for Android (also exness trader apk) and iOS (also exness trader ios) devices like phones and tablets. This app encapsulates everything for you to see and set up. Instead, you have to do it on Exness website like: make Deposit and withdrawal, View economic calendar, Change trading leverage, view trading signals from Central Trading, view balance on all accounts at Exness.
Thus, the application that Exness provides is too convenient for investors as you have seen above. Investors can do almost all operations for their Exness account anywhere on their phones and tablets, without having to carry a laptop with them.
Deposit and Withdraw Methods
Minimum deposit at Exness broker is 1 USD, for Standard and Cent Accounts.
This is the strongest point in assessing Exness, the withdrawal speed can be as early as 1 hour, like via Internet banking, and Skrill by Exness uses an automatic system.
Deposit and withdrawal fee is almost free. Support popular deposit and withdrawal methods such as Local Bank, SticPay, NETELLER, Skrill, BITCOIN wallet and Tether (USDT).
Of course, everything has its own rules, as is the case here with the fast withdrawal. But you have to take a look at Exness withdrawal policy, otherwise beware Exness cancel: https://www.exness.com/depositsandwithdrawals/
Should you trade at Exness? Is Exness legal?
If you choose Exness as the place to trade online, it is better to choose Exness UK and this brand will be safer than other groups. Whereas Nymstar Limited, Exness is going to be a Market Marker.
However, Exness is legal across all brands that exist in the world. But the important thing lies in the legislation in each region, the last time Exness UK was safest.
- Forex broker is a very fast withdrawal, less than 1 hour at the earliest.
- Fast support and multi-channel to receive customers.
- Diverse account types for investors to choose from.
- This is Dealing Desk/ Markets Marker on Nymstar Limited.
- Price chart failure occurs more often than other brokers.
- Strict withdrawal policy, if not understood, it will be difficult.
Exness minimum deposit to open a real account?
Minimum is 1 USD on Standard and Cent accounts. But from $ 200 on the Zero, Pro and Raw account.
Does Exness offer Bonus?
Until now, there are not any promotions going on.
I want to sign up a trading account?
Ok. You can create an account here. After that, you can choose between a demo account or a live account.