Let's start a combing camparison between Two brokers' widely used tools, mobile apps, platforms, spreads, and more.
Regulated by CySEC, FSA, FCA
Exness, a Foreign exchange broker which is expanding consistently was fabricated back in 2008. Hands down, It is undoubtedly one of the tightest and regulated brokers of all time as it holds the regulation title of both FCA ( Financial Conduct Authority) and CySEC ( Cyprus Securities and Exchange Commission ).
Besides, Exness holds a massive user base and as of 2019 only, there were approximately 80k active traders across the trading sphere. Apart from that, the brokerage deals with a trading volume of $325.8 per month.
In addition, Exness is often considered a place filled with opportunities as it offers a minimum deposit of $1 along with a leverage of 1:200, 107+ currencies to choose from, direct access to MT4/MT5, and much more!
Let’s find out!
VISA, MasterCard, AstroPay, Bitcoin, Boleto, CASHU, FasaPay, Local Bank Deposits, Local Bank Transfers, Neosurf, Neteller, Oxxo, PerfectMoney, Skrill, Tether, WebMoney
VISA, MasterCard, Bitcoin, Neteller, PerfectMoney, Skrill, Tether, WebMoney
Thinking about all the retail market traders, Exness offers two types of trading accounts which includes
Besides, the brokerage also provides ECN options on the trading accounts but only for the professional raw accounts. Also, they offer standard cent accounts that require a minimum deposit amount of $1 so that the new traders can get the upper hand.
Moving on, the minimum deposit for the other accounts starts from $200 or equivalent to that amount where the leverage is 1:200 and the spreads can be as low as 0.3 pips. Here are the deets…
Note: On unique trading conditions the spreads of Exness can drop as low as 0.1 pips.
For a better overview of the trading account, stay up to date with the perception shown below:
Standard trading account:
Professional trading account:
Hold on, there's more incoming!
Also, with Exness, the Muslim brothers across the globe will be given access to the swap-free trading accounts so that they can trade the Forex market in a halal way.
Moving on, despite providing all this with Exness you’ll also be getting the availability of both instant execution and market execution at the same time.
What's holding you then? Hop on with Exness and start trading!
Exness offers a variety of trading assets for all the indigenous market traders across the trading sphere. As they don't believe in holding back anything!
The same thing applies to their trading opportunities. They provide all the necessary assets and trading instruments including, 107+ currency pairs, up to 81 stock and indices, cryptocurrencies, and much more.
Here's the complete picture:
Forex: With Exness, you'll be able to trade up to 107 currency pairs while trading the Foreign exchange market.
Stock and Indices: The brokerage grants you more than 81 stock and Indices to choose from.
Cryptocurrencies: You'll be eligible to trade cryptocurrencies including BTC, XRP, LTC, and ETH.
Metals and Energies: You'll be given access to trade Metals and energies including Gold, Silver, Platinum, and Palladium.
Exness is Utterly considered as one of the safest and secure Foreign exchange brokerages of the current time. As it's regulated by some of the tightest regulatory bodies. Which goes as following:
That's not even it!
Apart from all this, Exness also provides segregated reports along with yearly reports. Moving on, Exness is regulated with different regulations on different continents. For example, In the United Kingdom the brokerage is regulated by FCA on the other hand, it is regulated by CySEC in the European region.
Therefore, while trading with Exness, there's no need to stress thinking about the safety of your capitals instead stay relaxed and trade the market.
When it comes to trading platforms, Exness has gotten its hands into two of the most effective and widely considered trading platforms.
And you know what we're talking about, don't you?
Yes, it's the MT4 and MT5 trading platforms. In addition, the brokerage also offers web trader platforms that let you access the web version of the MT4 and MT5 trading platforms.
Note: You'll only get the MT4 and MT5 on the web trader platform while using the latest version of the web trader.
Despite all of this, the trading platforms are not that customized and due to the unavailability of any third-party add-ons, you won't be able to intensify it either.
Except for that, with Exness, you’ll be getting ample trading currencies to choose from, 20+ time frames, multiple trading charts, various trading indicators, economic calendars, and much more!
In recent days, mobile trading is more popular than ever and the possible reason behind it might be the HUGE number of consumers of mobile devices.
Several surveys from 2020 show that the number of mobile users increased by almost 85% compared to 2014 and 2015.
Unreal stats, right?
That's why mobile trading is more considerable in recent days. As per Exness, they offer MT4 and MT5 trading platforms in their mobile trading app which obviously comes with 24/7 support, ultra-fast withdrawals, vital alerts, 200+ famous tradable assets, and much more!
As one of the tightest and strictly regulated Forex brokerage Exness doesn't provide you with any sort of trading bonuses.
Wondering what could be the reason?
Well, from our frank perspectives, the possible reason is maybe they don't want to offer anything which can cause the defame. As we all know, bonuses are probably the center of every spamming act.
And we all can relate to that!
Therefore, if you're a trader who opts for trading bonuses then Exness may not be the right pick for you.
Exness allows a vast range of transaction methods so that the traders don't face any additional difficulties while performing the deposit or withdrawal process. They allow:
Note: A specific amount of charge will be deducted while undergoing the withdrawal process which entirely depends on the net amount. Besides, the payment method should be in accordance with AML regulations.
Exness is often considered as one of the higher standard brokerages as it provides both an active and effective customer support program.
If you have any trading-related queries then you can contact them through their live chat procedure which stays active 24/5.
Besides, you can find the official community of Exness in almost all the social media platforms including Facebook, Instagram, Twitter, Linkedin, YouTube, Telegram.
When it comes to providing educational support to the traders, Exness is undoubtedly second to none as it has its own academy committed to that cause.
There you'll find all the essential educational materials whether it's trading guides, blogs, webinars, or even the basics and fundamentals of trading indicators, they've got you covered.
Apart from all that, they also provide you with demo trading accounts which can also help BIG time to experience a live trading environment. Not only that, the demo accounts are often used by the PRO traders for backtesting their trading strategy.
Exness offers 4 types of trading accounts: Cent, Mini, Classic, and ECN. There is no minimum deposit requirement for Mini accounts while Classic accounts require a minimum deposit of $2000 whereas ECN accounts can be opened for just $300.
How to withdraw from your Exness account
Exness is a Forex Broker that offers people online Forex services on many different platforms such as MT4, MT5, Web, and Mobile platforms. Exness is founded in 2008 by a group of finance and information technology professionals. The founder of Exness is Petr Valov.
Exness is considered average-risk, with an overall Trust Score of 73 out of 99. Exness is not publicly traded and does not operate a bank. Exness is authorized by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust).
While Exness also allows scalping and hedging. You can trade with EAs (expert advisors) on both XM Group and Exness. In terms of risk management tools, XM Group does offer negative balance protection to prevent you from owing to your broker more than you've deposited, but Exness doesn't offer this.
Exness spreads are very low
So all information was published on its website is accurate 100%. If you trade fixes spread currently pairs, Exness offers the lowest spread. They only charge 0.5 pip for EURUSD. For the ECN account, Exness only charges 2.5$ for each lot.
YOU CAN USE EA FOR TRADING AT EXNESS
You can install any EA you want. You also can ask for free VPS to host your EA which runs 24/7. You also can install robot trading.
Exness Review. Exness is a MetaTrader-only broker regulated in the EU offering multiple account types and forex pairs, but its offering lacks the range of CFDs forex brokers typically offer.
Exness is an excellent brokerage platform for making a decent investment. I would strongly recommend Exness for the quickest withdrawal and deposit service.
Exness will activate the Stop Loss order before it reaches positions. This will not be seen in the chart or anywhere else.
Exness is a very user-friendly platform still some features are unavailable in the trading terminal. They should work on it.