Exness broker review (2022) Review
Exness brokerage company was founded in 2008 and is registered in St. Vincent and the Grenadines. Exness (Cy) Ltd. is regulated by the UK Financial Conduct Authority (FCA), registration number 730729.
- first deposit from 1 USD
- Leverage up to 1:2000
- Spreads from 0.1 pips
- Regulators – FCA №73072
Exness is attentive to the service provided to the client, cooperating for this purpose only with verified organizations. Thus, traders can choose a comfortable solution between MetaTrader 4 or MetaTrader 5. MetaTrader 4, according to the opinion of professional traders, is one of the best platforms for forex trading (WINDOWS, Mac, Linux). The trading terminal is considered a standard of quality and security in trading. It is loved by those market players who want to work in a comfortable environment without restrictions.
The updated platform of new generation MetaTrader 5 offers traders even more unique features and options, making the work functional and convenient (WINDOWS). This terminal offers them an extended list of indicators, robots, expirations, the program is characterized by high performance, safety, stability.
Exness Trading Instruments
The official Exness resource provides the opportunity to use accounts with the following instruments: precious metals – gold and silver (4), cryptocurrencies (3), contracts for difference (3). The number of represented currency pairs reaches 120 units.
The broker offers 4 types of accounts – Cent, Mini, Classic, ECN. Trading on Cent and Mini accounts is possible to start with 1$, which will be appropriate for clients who do not have big assets, and also for those who would like to test their strategy. For traders with deposit over 2000$, Classic accounts are available, with min lot 0.1 and spread from 0.1p. Besides, transactions on these accounts can be sent to the Interbank market according to a dealer’s decision. Leverage for all three account types is 1: Unlimited. However, leverage is limited before weekends and public holidays, as well as during “High” level economic news releases. To open the account of ECN type, it is enough $300. The commission is present, but transactions are taken out on interbank.
An interesting feature of the company are the metal-currency accounts representing an investment portfolio consisting of one or more precious metals and/or currencies. The distribution of funds between these parts allegedly allows to diversify risks and may become a source of long-term investment income.
Exness demo account
The broker offers clients introductory trading on the MetaTrader 4 and MetaTrader 5 platforms, which is available to them after registration with the broker. An Exness demo account allows you to explore the trading possibilities of the company, make sure that the terminals work properly, the professionalism of the support service, the relevance and quality of the website materials, etc. A free Exness demo account is an opportunity to safely learn how to trade forex in a real trading simulator, conquer your insecurities and fears, make your first trade, test your strategies. The advantage of this solution is that the trader can use the same terminal functionality that is available to him on the real account.
Replenishment and withdrawal
Account replenishment is available in 80 currencies via bank cards, YandexMoney, WebMoney, Qiwi, Sberbank, etc. Deposit and withdrawal to the majority of EPS is instant, without any commissions, the withdrawal to the card takes on average 3-5 days.
Pros and cons of the broker
Only after a complete review of the brokerage platform, it is possible to highlight its positive and negative sides. Among the main advantages of the dealing center:
- the current regulator CySEC;
- the possibility of opening ECN accounts;
- tight spreads;
- demo account;
Also, in the activities of the broker experienced traders noticed a lot of flaws that can be confusing:
- a small number of ways to withdraw funds;
- ECN accounts are operated by the technology Instant Execution;
- no bonuses, promotions and other discount programs
Pros / Cons