Exness is now considered one of the most reputable forex brokers available today. Exness’s reputation is also reflected in the exchanges that are licensed to operate by reputable large-scale financial institutions in the world such as FSA, FSC, FSCA, CBCS… To help you understand If you want to know more about this exchange, then let’s have a detailed review of this Exness exchange.
Advantages and Disadvantages of Exness
To help Traders have an objective view of the Exness , please join us for a detailed and specific review of the Exness below.
Advantages
- Compatible with handy social trading app.
- Clear and transparent information
- Offers unlimited high leverage
- Low commission and spreads
- Traders have many types of trading accounts to choose from
- Deposit and withdrawal time is fast, flexible, with few errors.
- Professional customer service, support many different languages.
- Easy account registration, easy to use
Disadvantages
- Spreads are still stretched when the market fluctuates.
- There are not many diverse actions.
- There is a possibility of slippage in the first 3 hours of trading.
- It provides a trading indicator and an economic timeline, but is not a detailed indicator.
Is Exness broker reputable?
To answer the question of whether Exness is reputable or not, perhaps we have to evaluate through many different criteria. Therefore, below we will jointly evaluate each criterion specifically to be able to consider whether the Exness is reputable or not.
License to operate
- Exness (SC) Ltd is a securities dealer registered in the Seychelles with registration number 8423606-1 and licensed by the Financial Services Authority (FSA) with license number SD 025. Exness registered office (SC) Ltd is located at Level 2, Building CT9A, Providence, Mahe Island, Seychelles.
- Exness B.V. is a securities intermediary registered in Curacao under registration number 148698 (0) and licensed by the Central Bank of Curacao and Sint Maarten (CBCS) under license number 0003 LSI. Registry of Exness B.V. at Emancipatie Boulevard Dominico F. “Don” Martina 31, Curaçao.
- Exness (VG) Ltd is licensed in the British Virgin Islands by the Financial Services Commission (FSC) with registration number 2032226 and investment business license number SIBA/L/20/1133. Exness (VG) Ltd has its registered office at Trinity Chambers, P.O. Box 4301, Road Town, Tortola, British Virgin Islands.
- Exness ZA (PTY) Ltd is a Financial Services Provider (FSP) authorized by the Financial Industry Authority of South Africa (FSCA) with registration number 2020/234138/07 and FSP number 51024.
Achievements
In addition to being licensed to operate by reputable and large-scale financial institutions, after many years of operation, Exness has achieved many admirable successes that not other exchanges on the market have. Typically, the exchange has won awards from New Zealand financial magazines such as:
“Best Trade Executions”
“Best Order Management”
“Best Mini Broker”
In addition, over the years has won many other important awards. This will definitely be an outstanding advantage that Exness has.
Privacy Policy
Exness is really safe for investors not only in providing quality safety services, but also in compliance with relevant regulations of the tax authorities in the respective country. Customer data is also given the highest priority.
Exness currently provides a policy to protect its customers with 2FA security measures. Accordingly, in order to protect their accounts, customers are required to perform two-step verification when registering with Exness. One is to enter the verification code sent to the phone or email, the other is to enter the Google Authenticator code on the mobile device.
Compensation Fund
Exness is currently a member of the Financial Commission, one of the international organizations dedicated to resolving disputes related to the foreign exchange market. This indemnity fund acts as a safety insurance policy for its clients and is paid at the discretion of the Finance Commission. As a result, each Exness customer is insured up to €20,000 in the event of a problem.
Financial report
In order for Traders to be more confident when participating in Exness, let’s take a look at the information you need to know about this exchange through the financial report of the operating volume as well as the number of customers participating in this platform. . Surely after the data table below, investors will have a more complete basis to boldly participate in this exchange.
Exness account types
Currently Exness is providing 2 main account types serving two different target groups. Below are detailed reviews of each account type for investors to refer to and choose according to their trading needs.
Standard account types
If you are just starting out with trading, the standard account will definitely be the best choice for you. Exness’ most popular account type today is the standard account, which currently offers market execution, fixed spreads and no quotes.
Types of Professional Accounts
If you are an experienced trader who has been trading in the forex market for a long time then a professional account will be an option for you. This type of account has low spreads or even no spread fees. Our professional account type has execution orders suitable for speculators, day traders and algorithmic traders.
Exness Trading platform
Currently Exness offers quite a few different trading platforms, each of which will have certain unmistakable characteristics. So, what are the advantages of each trading platform at Exness? Let’s find out together.
Exness Trader App
- The platform is considered to be extremely creative, effective and simple.
- Identify opportunities, execute trades and manage your trading account with the Exness Trader app.
- Full trading functionality.
- Open trades, place pending orders and close orders with one click.
- Easily trade over 200 commodities including currencies, cryptocurrencies, indices, stocks, energies and more.
- Analytics easily accessible
- Set bid/ask alerts and receive relevant push notifications to stay on top of the market.
- Register, create and manage accounts in the app.
- Deposit, transfer and withdraw with just a few taps.
Exness Terminal
- Exness Terminal combines a simple and intuitive user interface with advanced charting technology to provide users with a comprehensive trading experience.
- Log in to your Personal Area and click Transactions to access your terminal.
- Ease of use and market access.
- All information and data is securely encrypted.
- Exness Terminal is an HTML5 web application developed in-house by creative designers and programmers.
MetaTrader 5 (MT5)
This is a trading platform developed based on MT4 but with advanced features such as:
- 8 types of pending orders (including: Buy Stop, Sell Stop, Buy Limit, Sell Limit, Take Profit, Stop Loss, Buy Stop Limit, Sell Stop Limit).
- Show period 21
- 38 built-in indicators and 22 analysis tools
- Built-in forex calendar
- Quotation support level 2
MetaTrader 4 (MT4)
- Offers more than 200 trading instruments and 6 asset classes
- Low spreads from 0.0 pips
- 6 types of pending orders (Buy Stop, Sell Stop, Buy Limit, Sell Limit, Take Profit, Stop Loss)
- 9 timeframes and 3 chart types
- Multilingual platform interface
- Instant Execution and Market Execution
- 50 pre-installed indicators
- Encrypted Security
- Move Stop Loss, Technical Analysis, Custom Indicators, Advisory System (EA) and Scripts
- Integrated Support Guide.
- This platform is completely free.
- To trade on MT4, you need to download the app to your computer or mobile phone.
MetaTrader WebTerminal
- MetaTrader WebTerminal allows you to trade the financial markets without installing additional programs.
- MetaTrader WebTerminal gives you access to all the tools Exness has to offer.
- MetaTrader has 40 built-in, customizable indicators and an economic calendar, making it the perfect platform for serious traders.
- WebTerminal is an HTML5 web application developed by the developers of the MT4 platform.
MetaTrader Mobile
- The MetaTrader mobile app is available for iOS and Android devices and offers the same functionality as the desktop version.
- Monitor account status, transaction history and trade financial instruments with just one click.
- MetaTrader has 40 built-in customizable indicators and an economic calendar, making it the perfect platform for experienced traders.
- You can trade all Exness products on both MT5 and MT4 apps.
Products at Exness
Exness products are very complete and diverse. Investors can diversify their portfolios into six investment groups:
- Forex: Offers over 107 different currency pairs including major, minor and rare currency pairs.
- Metals: gold, silver, platinum, palladium.
- Energy: We participate in the global commodity market with popular products such as Brent crude oil and natural gas.
- Stocks: 81 shares of the world’s top companies including Google, Amazon, Tesla, AliBaba…
- Indices: Trade the world’s popular stock indices.
- Digital Currency: Supports popular cryptocurrencies like BTC, ETH, 1-inch, Aave, ADA, BNB, CAKE, COMP, DOT.
Reviews of Exness
Participating in Exness, investors can participate in a modern platform, fully integrated with various supporting tools. Here are the reviews of the Exness based on the features that the has.
Website interface
Exness website interface is considered to be quite simple and user-friendly. The main color tone is black and white, so part of the will not be distracting, and the will not insert as many billboards as other s.
First of all, the design is very scientific, the registration and login buttons are prominently designed, important elements such as accounts, tools and trading platforms have been placed in the menu bar of the page, so that even When you are new to the Exness platform, you can also find your way quickly.
Exness exchange transaction fee
Exness currently has no limit on the maximum leverage ratio, the transaction fees on the exchange are also quite comfortable. For the standard account, Exness currently has a margin requirement of 0.3 pips, while the professional account has very low margins.
Exness charges commission only for Raw Spread accounts ($3.5/lot) and Zero accounts ($0.2/lot), and other trading accounts have no commission.
Deposit – withdraw money at Exness
Exness is highly appreciated by many investors for its super fast deposit and withdrawal speed, especially if you have a need to make transactions, you can completely deposit or withdraw money from your account. I’m on Saturday and Sunday. To do this, Exness has created an automated payment system that works, instead of waiting for approval like other exchanges. Exness has many flexible payment options, such as:
- Internet Banking
- Visa / Master Cards
- Skills eWallets
- Neteller cryptocurrency (Bitcoin, USDT)…
Especially, Exness does not charge any deposit/withdrawal fees except for Skill Wallet withdrawals. According to statistics, the time to deposit and withdraw money at Exness is only 3-5 minutes.
Customer service
Exness is always interested in customer service to be able to support customers in the best way. Currently, the customer service team on this can support 13 different languages including Vietnamese. However, Vietnamese support is limited from Monday to Friday and you can only get English support on weekends. whenever you need help,
You can contact Exness consultants through the following channels:
- Live chat on website
- Hotline: 18004974 – (+84) 2444581956
- Email: support@exness.com
FAQ about Exness
Here are a few questions related to Exness exchange that Trader Forex believe investors can refer to to make it easier to join the exchange.
What should I do after registration?
All investors need to do to register themselves for an account with Exness is provide a valid email address and phone number in your country of residence. An email address is initially required to set up a basic account, but it is important for investors to provide a phone number to be able to verify the account and ensure its security. A specific number will be provided by the exchange later to be able to verify the security of the account. This is extremely important and should be noted that the previous email address has never been used here to log into Exness. More information to check to keep your personal space active:
- Identity Verification Documents (POI Verification)
- Proof of Residence (proof of PORT)
Are conditions required to open a Professional account?
Compared to the standard account, the pro account has specific requirements for a higher minimum deposit and there are no other specific requirements for the pro account. Exness store currently offers accounts including: ProRaw Spread Zero account. The minimum deposit for the Pro account is $200. This requirement is also based on the geographical location of the investors.
Exness Trader: Is it possible to change the trading terminal in use?
You can change your trading terminal if you want. Specifically, you can change the trading terminal being used to execute your MT5 account trades in the Exness Trader app. The method is as follows.
- Click on your profile icon and select Terminal Transactions in the Options section. The following options are displayed:
- If you choose this option, you will be trading using the Exness Terminal Mobile App. MetaTrader 5 Integration => Select this option to use the integrated MT5 without leaving the Exness Trader app.
- MetaTrader 5 App => If you choose this option, you will be redirected to the MT5 app for trading.
If you choose this option, then you must ensure that you have the MT5 application installed on your smartphone.
What are the regional restrictions that apply to Standard Cent accounts?
Currently, the standard cent account has regulations compared to other account types that many regions of the world do not have, specifically as follows:
- Latin America: Argentina, Multiethnic State of Bolivia, Brazil, Bolívar Republic of Venezuela, Guyana, Colombia, Paraguay, Peru, Suriname, Uruguay, French Guiana, Chile, Ecuador, Anguilla, Antigua and Barbuda, Aruba , Bahamas, Barbados, Belize, Bermuda, British Virgin Islands, US Virgin Islands, Haiti, Guadeloupe, Guatemala, Honduras, Grenada, Dominica, Dominican Republic, Cayman Islands, Costa Rica, Cuba, Martinique , Mexico, Montserrat, Nicaragua, Panama, Puerto Rico, El Salvador, Saint Kitts and Nevis, Saint Lucia, Turks and Caicos Islands, Trinidad and Tobago, Jamaica
- asia: Indonesia, China, Japan, Singapore, Taiwan, Hong Kong, Korea, India, Thailand, Philippines, Myanmar, Vietnam, Nepal, Bangladesh, Sri Lanka, Macao, Bhutan, East Timor, Cambodia, Democratic People’s Republic of Korea, Lao People’s Democratic Republic, Maldives
- REPUBLIC: Ghana, Uganda, Angola, Nigeria, Zambia, Zimbabwe, Central African Republic, South Africa, Congo, Democratic Republic of the Congo, Kenya, Mauritius, Benin, Botswana, Burkina Faso, Burundi, Gabon, Gambia, Guinea , Guinea-Bissau, Djibouti, Cape Verde, Cameroun, Comores, Côte d’Ivoire, Lesotho, Liberia, Mauritania, Madagascar, Malawi, Mali, Mozambique, Namibia, Niger, (Ascension and Tristan da Cunha) Saint Helena, Réunion, Rwanda , Sao Tome and Principe, Seychelles, Senegal, Sierra Leone, United Republic of Tanzania, Togo, Chad, Eritrea, Ethiopia
- Russia: Russian Federation, Georgia, Kazakhstan, Belarus, Ukraine, Estonia, Armenia, Uzbekistan, Azerbaijan, Mongolia, Turkmenistan, Kyrgyzstan, Tajikistan, Republic of Moldova
- Arab: Turkey, State of Palestine, Egypt, Libya, Lebanon, Iran, Iraq, Bahrain, Algeria, Afghanistan, Jordan, Kuwait, Morocco, Oman, Pakistan, Qatar, Saudi Arabia, Sudan, Tunisia, the United States United Arab Emirates, Western Sahara, Yemen, Brunei Darussalam, Syrian Arab Republic
Exness does not accept clients from which country?
Exness customers are citizens * and residents ** of the United States, American Samoa, Baker Island, Guam, Howland Island, Kingman Reef, Marshall Islands, Northern Mariana Islands, Puerto Rico, Midway Archipelago, Island Wake, Palmyra Jarvis Iceland Atoll, Johnston Atoll, Navassa Island, Martinique, Vatican City, US Virgin Islands
- North America: Canada, Cuba
- South America: Uruguay
- Oceania: Australia, New Zealand and Vanuatu
- Asia: Korea, Malaysia, Russia
- Europe: Andorra, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Ireland, Latvia, Liechtenstein, Lithuania, Belarus, Luxembourg, Malta, Monaco, Norway, Netherlands, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland and the United Kingdom
- Africa: Seychelles, Sudan, South Sudan
- Middle East: Iraq, Iran, Syria, Yemen, Israel and the Palestinian Territories
- British Overseas Territory: Gibraltar
- Dutch territory: Curaçao
Also, Exness does not accept **
Retail customers residing at: *
Citizen means a holder of the nationality of the country shown on your passport (For example, if you hold a Malaysian passport, you are considered a Malaysian citizen).
**Residence means a resident of that country and not a citizen of that country. For example, if you are from Thailand and currently live and work legally in Malaysia, you are a Malaysian citizen.
What is the difference between a Real account and a Demo account?
The main and most notable difference is that cryptocurrency trading has no real value when using a demo account while a real account trades with real money.
Furthermore, the demo account is subject to the exact same market conditions as the real money account, making these two perfect for practicing your strategies. In addition, these terms apply to all account types except standard coins.
If you want to try the demo account for yourself, sign up for an Exness account and get virtual money (10,000 USD) instantly and easy practice.
What types of accounts are demo accounts available for?
Demo accounts allow traders to quickly test strategies without using real money. The trading conditions are the same as for the real account, but the currency used does not correspond to the real currency.
All account types include a demo account, except for the standard cent account, which can only be traded on a real account.
Please note that there is a limit to the number of demo accounts that can be created for each account type. You may want to know more about the difference between real money and demo account. For a quick guide on how to register a new demo account yourself, visit the link below.
Are there any regional restrictions for different account types?
Different regions have different rules for each account type. Regional restrictions only apply to standard cent accounts. All other inclusive accounts (Standard, Standard Plus, Pro, Raw Spread and Zero) have no geo-restrictions. The requirements that Exness regulates for the minimum deposit amount may vary by region.
So we have a preliminary understanding of Exness and what you need to know when trading at this exchange. Hopefully, the above article will provide useful and interesting information for investors to choose the right exchange.
