What is Exness?
Exness is a highly reputable forex trading platform in today’s market. It was established in 2008 by experienced and dedicated experts in the fields of financial trading and technology. Exness is headquartered in one of the world’s major financial hubs, located in the Czech Republic.
Currently, Exness owns several large companies, including SC Ltd, Exness B.V, VG Ltd, and PTY Ltd. Since its inception, Exness has achieved significant milestones, such as reaching a trading volume of $1.587 trillion and serving 269,692 clients. The platform is praised for its fast order execution, high security, and transparency. In addition to trading in cryptocurrencies, forex, and stocks, clients can also trade other products like metals, energy, and indices on platforms such as MT4, web, and MT5.
Is Exness a Reliable Broker?
To assess whether Exness is truly reliable and trustworthy in protecting its customers’ interests, we should examine the achievements and regulatory oversight of this trading platform.
Operating Licenses
Exness owns and operates four reputable companies in the market, all of which are licensed and regulated by major financial authorities worldwide, including:
- SC Ltd: This company specializes in securities trading and is regulated by the Seychelles Financial Services Authority (FSA) under license number SD025.
- Exness B.V.: This entity functions as a securities intermediary and is licensed by the Central Bank of Curaçao and Sint Maarten under license number 0003 LSI.
- VG Ltd: Licensed by the Financial Services Commission (FSC) in the British Virgin Islands (BVI) with two licenses, 2032226 and SIBA/L/20/1133.
- ZA Ltd: This company is a financial services provider authorized by the Financial Sector Conduct Authority (FSCA) in South Africa.
Achievements
What achievements has Exness accomplished?
Exness has not only been licensed by several reputable financial institutions globally but has also achieved significant milestones throughout its years of operation. Some of its notable achievements include: “Best Trading Execution,” “Best Order Management,” and the title of “Best Broker” awarded by New Zealand, among many other prestigious accolades.
Security Measures
Exness strictly adheres to security policies set by financial authorities to protect customer information and rights, ensuring that clients’ personal data remains secure.
Exness implements two-factor authentication (2FA) to enhance the security of customer accounts. This security measure requires clients to go through two verification steps: first, verification via a code sent to their phone or email, and second, verification through the Google Authenticator app.
Compensation Fund
The compensation fund at Exness serves as a safeguard for traders, functioning as a form of insurance for customers. This fund is supported by financial institutions and committees through the allocation of 10% of monthly membership fees. The insurance coverage for clients can reach up to 20,000 EUR, but compensation is only provided upon the decision of financial committees.
Exness Account Types
Exness offers two main account types: standard and professional. Each account type comes with different trading conditions tailored to meet various needs and experience levels of users. The leverage ratio may vary depending on the trading platform used.
Popular Accounts at Exness
- Standard and Standard Cent Accounts:
The Standard account is one of the most popular accounts at Exness, suitable for both new and experienced investors. With a minimum deposit of just 1 USD, users can start trading without paying any commission fees. The Standard Cent account offers similar conditions but is particularly suitable for those who prefer to trade with smaller volumes. - Professional Accounts (Pro, Raw Spread, Zero):
Professional accounts are designed specifically for experienced traders, offering optimal trading conditions such as low or zero spreads, fast order execution, and are particularly suitable for scalping or day trading strategies. The minimum deposit for these accounts is 200 USD.
About the Exness Web Interface
The trading interface of Exness is designed to be simple and user-friendly, allowing investors to execute trades quickly and efficiently. The Exness website features a clean design with a primary color scheme of black and white, ensuring a visually comfortable experience for users. The structure of the website is organized into clearly defined sections such as login/register, an introduction to Exness, trading tools, and more. Each section is thoughtfully arranged in a logical manner, making it easy for even new traders to navigate and use Exness with ease.
Products and Services
Exness offers a wide range of products, providing customers with multiple options for executing trades. With Exness, you can trade currency pairs, commodities, indices, stocks, and precious metals…
The variety of currencies is extensive, featuring 107 currency pairs, 10 metals, 2 crude oil options, 81 stocks, various indices, and 7 cryptocurrency pairs such as BTC, ETH, and Litecoin…
Trading Fees
Exness provides leverage of up to 2000x across all account types, along with very reasonable trading fees. The Spread for Pro accounts ranges from 0.0 to 0.1 pips, while Standard accounts have a Spread of 0.3 pips. In terms of commission fees, Pro and Standard accounts are completely commission-free, while Zero and Raw Spread accounts incur a commission of 3.5 USD per lot.
Trading Platforms
Currently, clients can execute trades on Exness through various platforms, including MT4/MT5, Social Trading, and WebTerminal, all of which are recognized and reputable in the market.
MT4/MT5 Platforms: These are the most popular trading platforms in the Forex industry, offering a wide range of analytical and technical tools related to charts, timing, and tradable products. Notably, MT4 supports unlimited leverage, while MT5 comes with enhanced features, including 38 indicators, 22 analytical tools, and 46 graphical objects, compared to 23 analytical objects and 30 technical indicators in MT4.
Social Trading Platform: Launched in March 2019, this platform allows investors to easily engage in copy trading, making it an ideal choice for newcomers to the market.
WebTerminal Platform: Developed by MetaQuotes, this platform provides essential functions for efficient trading. Clients can perform all transactions directly from the browser without needing to download any applications, while also utilizing integrated tools like real-time price alerts, basic analysis tools, and charts.
Deposits and Withdrawals at Exness
Exness provides a secure and swift transaction experience
You will be amazed by the incredibly fast withdrawal speed at Exness, even on weekends, you can withdraw funds quickly. The platform uses an automated payment system, so there’s no need to wait for manual approval like on many other platforms. You can withdraw funds to your account via e-wallets, internet banking, credit cards, and more. A notable advantage is that there are no fees for depositing or withdrawing funds from Skrill, and the process typically takes just 3 to 5 minutes.
Customer Support Services at Exness
During your trading experience with Exness, you may encounter challenges or issues. To receive prompt assistance, you can contact the Exness support team. The platform offers customer support in 13 different languages, although please note that Vietnamese language support is not available on Saturdays and Sundays.
You can reach the support team through the following channels:
- Live chat on the website
- Email: support@exness.com
- Hotline: 18004974 – 02444581956
Frequently Asked Questions about Exness
- Which country is Exness based in?
Exness is a trading group registered in Seychelles under the name Nymstar Limited. The company’s headquarters are located in Central Europe, bordering countries such as Poland, Germany, Austria, and Slovakia, a region with many major financial centers. - What types of trading accounts are available at Exness?
Exness offers two main types of accounts:- Standard Accounts: Including Standard and Standard Cent, these accounts are ideal for beginners, requiring a minimum deposit of just 1 USD with no commission fees.
- Professional Accounts: Including Zero, Raw Spread, and Pro. These accounts require a minimum deposit of 200 USD, making them suitable for experienced traders, with fast order execution and low spreads.
- Is Exness a scam?
Exness is licensed by several major financial authorities and has achieved significant milestones, proving that it is a safe and reliable trading platform. Since its establishment, no customer accounts have been hacked or experienced information loss. - What information is required to register an Exness account?
- Phone number
- ID/Passport
- Will my Exness account be locked if not used for a long time?
- MT4: Demo accounts will be deleted after 180 days of inactivity if the balance is less than $50. Real accounts will be deleted after 180 days of inactivity if the balance is less than $5.
- MT5: Demo accounts will be deleted after 21 days of inactivity. Real accounts will be retained after 15 days of inactivity if the balance is less than $1.
- Which accounts are exempt from overnight fees?
Raw Spread, Zero, Standard, and Standard Cent accounts are all exempt from overnight fees. Additionally, Pro accounts for Islamic users are also exempt. - Why would a deposit or withdrawal request be denied?
Your transaction may be denied due to:- The bank account holder’s name not matching the name registered with Exness.
- Insufficient funds in your account.
- The amount you wish to transact exceeds the allowed limit.
- To check the reason for a denial, you can:
- Log in to Exness
- Select transaction history
- Review the declined transaction and its reason
- What time zone does the Metatrader platform operate in?
Both MT4 and MT5 operate in GMT+0, which is the default time zone at Exness.
