- Exness offers tight spreads that begin from 0.3 pip
- The company has a responsive customer support team
- Low deposit requirement
- Several trading platforms
- The trading platforms are reliable
- Functional website
- Supports automatic withdrawals request processing
- The company is regulated by CySEC and FCA
- Exness has a low deposit requirement
- Exness supports CFDs trading
- Clean and straightforward user interface
- Many types of trading accounts
- The company does not offer support for social trading.
- The absence of innovative products.
Exness is an online forex broker established in 2008. The company was founded in St. Petersburg, Russia, by the Exness Group, a team of like-minded professionals in finance and focuses on ensuring transparency of financial operations, fast trade execution, and top service delivery. Exness aims to offer traders a comfortable trading environment by providing deposit and withdrawals with 0% commission. The company is regulated in different locations, including by top financial regulatory authorities such as the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the United Kingdom. The firm offers trading services in various financial instruments such as forex, commodities, metals, cryptocurrencies, CFDs, among others.
Exness offers traders four types of trading accounts including Mini, Cent, ECN, and Classic. While Exness is wholly a Russian company, the firm’s headquarters is located in Cyprus. This was done to capture the benefits of being regulated by one of Europe’s top regulatory agency, CySEC. This regulatory advantage brings Exness directly under the MiFID regulation, which allows the company to provide brokerage services in any EU-member country.
Exness offers traders the option of using various platforms for trading. These platforms include:
Exness provides trading services through the MetaTrader 4 platform due to its convenient and functional nature. The MT4 has become an industry standard in the financial market because of the freedom it offers users. Using this program, traders can manage multiple accounts, allocate lots across several accounts at the same time, and place new orders. Also, the MT4 features special programs knowns as expert advisors (EAs), which allows traders to fully automate analytical and trading operations. Traders can use MQL 4 to create their own trading robots and scripts. The MT4 supports instant trade execution, advanced analysis, multi-terminal option, etc.
MetaTrader 5 is the fifth generation trading platform provided by MetaTrader developers, MetaQuotes. The interface of the program has been enhanced to help improve its performance and productivity. It allows traders to trade shares and options, supports buy stop limit and sell stop limit, and lets traders set additional conditions when they are trading on the stock market. These conditions include Fill or Kill (FOK), as well as Immediate or Kill (IOK). Furthermore, the MetaTrader 5 terminal supports Level 2 quotes, and as such, enables traders to analyze market depth. In many ways, the MT5 platform is an improvement over its predecessor, the MT4.
In an effort to allow users to trade on the go from anywhere in the world, Exness provides mobile trading platforms that give them complete control over their trading account, offer a large number of forex technical indicators, provide forex financial instrument charts, and support all order types. There’s essentially nothing you won’t be able to do with the mobile versions of the trading platforms.
Exness allows traders to trade various financial assets including:
Exness provides its clients with top notch customer support services in several languages including Thai, Russian, Chinese, German, Hindi, Vietnamese, Arabic, English, Farsi, Bengali, Urdu, Tamil, Bahasa Malaysia, Bahasa Indonesia. The company has made available several means by which clients can contact support for proper service 24/7. This includes:
- Email. Traders who wish to contact Exness customer support team through email can do so via [email protected]
- Live chat. Exness clients can communicate with customer support personnel through live chat by visiting the company’s website at www.exness.com.
- Twitter: https://twitter.com/exness
- Facebook: http://www.facebook.com/exness;
- LinkedIn: http://www.linkedin.com/company/exness.
- Telephone: Exness clients can call support 247, on +357 25 030 959.
Security and Fairness
To protect your invested funds, it is essential that you carefully consider how reliable a company is before you enter into a long term partnership with them. At the very least, the firm’s operations should comply with some local legal requirements as well as internally established financial standards. The Exness Group meets all of these requirements and more. A unit of Exness, Exness UK Ltd is authorized and overseen by UK’s Financial Conduct Authority (FCA) under the financial services registration no. 730729. Similarly, Exness Cy, the Cyprus unit of the company, is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 178/12. In addition to these two, Exness operates in compliance with the provisions of several other regulatory agencies within the European continent including BaFin, CONSOB, AFM, CNMV, FI, and KNF.
The company places lots of emphasis on protecting clients’ funds. Thankfully, its regulatory provisions help make this a financial obligation for the organization. To preserve customers’ funds, the firm entered into partnership with several established financial organizations including Barclays, OCBC Bank, and Baltikums. Exness keeps clients’ funds in segregated accounts that are wholly separated from the company’s funds.
Exness is an incredible broker. The company stands out from the rest in a lot of respects. Its customer-focused approach to doing business is highly commendable. The firm does not delay in responding to their clients’ needs and complaints. The customer support representatives take the trouble of doing everything necessary to ensure that customers are not only satisfied but get the best of services. Besides, the company’s reputation as an old timer with high trade volume goes a long way in boosting client confidence. Also, Exness is regulated in several locations and by some of the world’s most popular regulatory bodies in CySEC and the FCA. There’s not much that can be improved upon with this company bar the seemingly lack of innovative drive.