As of April 2023, Exness has many clients who are actively trading on the platform, and the total trading volume is in trillions. The broker provides a diverse range of assets like Forex, Crypto, Metals, and Energies, among others, to its clients. Moreover, Exness has different types of accounts to cater to the specific needs of individual traders, and it has received various awards for its services.
Exness: Advantages and Disadvantages
Advantages:
- Offers competitive spreads
- Provides access to MetaTrader Suite
- Offers a Swap-Free/Islamic account option
- High maximum leverage available
Disadvantages:
- No bonuses or promotions offered
- Does not permit clients from the USA
Exness audience
Exness is a good choice for experienced traders who already have some knowledge of the industry. This is because Exness doesn’t offer many resources for beginners to learn from. If you’re new to trading, you may want to look elsewhere for educational resources. However, intermediate and advanced traders will find Exness’s selection of account types and MetaTrader suite to be very useful.
Exness regulations and account options
Exness is regulated by the Cyprus Securities and Exchange Commission in Cyprus and the Financial Conduct Authority in the United Kingdom. This ensures that the broker operates within the guidelines and regulations set by these regulatory bodies to protect the interests of traders. Exness offers a dealing desk broker type and a minimum deposit of $10. The maximum leverage offered is 1:Unlimited, and scalping and hedging are allowed. A free demo account is also available for traders to practice their strategies before investing real money. However, traders from the USA are not permitted to use the platform.
Exness top features
Exness broker known for its instant withdrawals, is proud to offer this feature to its clients. You can withdraw your funds in seconds, without manual processing, even on the weekends.
For fast and reliable execution, Exness offers free VPS hosting to safeguard against issues that could disrupt your trading. The uninterrupted internet coverage ensures that your trades are executed seamlessly.
Clients can access a historical archive of all price tick data with Exness’ comprehensive price history feature. The broker draws this archive from its real-time pricing, allowing you to download a zip file with past bid/ask prices by selecting an instrument and time period at https://www.exness.com/tick-history/.
Exness boasts an impressive trade volume, with $2.105 trillion in total trading volume as of April 2022. As of the same period, the broker had 281,270 active clients who made a total of $870 million in withdrawals in the first quarter of the year.
Exness is a transparent broker, regulated by several different organizations. It makes its reports publicly-available, allowing clients to view its audits and performance indicators.
Exness regulation and compliance
Exness is a broker that operates under several regulatory bodies based on its location. The broker is committed to providing secure and transparent trading services to its clients. Exness’ governing bodies include the Financial Services Authority (Seychelles) for Exness SC Ltd., the Cyprus Securities and Exchange Commission (Cyprus) for Exness CY, the Financial Conduct Authority (United Kingdom) for Exness UK, the Financial Sector Conduct Authority (South Africa) for Exness ZA Pty Ltd, the Central Bank of Curacao and Sint Maarten (Curacao and Sint Maarten) for Exness B.V., and the Financial Services Commission (British Virgin Islands) for Exness VG Ltd. By being regulated by several different organizations, Exness aims to provide clients with a secure trading environment and comply with industry standards.
Exness trading platforms
Exness provides its clients with a selection of trading platforms to choose from, including their proprietary Exness Trader App and Exness Terminal. They also offer two popular trading platforms developed by MetaQuotes Software Corp: MetaTrader 4 and MetaTrader 5. These platforms are known for their user-friendly interfaces, advanced charting tools, and customizable features that can cater to the trading needs of different traders.
Exness security and rating
Exness has implemented various account security tools to ensure the safety of its clients’ accounts from hacking attempts. These tools include secondary account verifications called security types, such as a six-digit code sent to a chosen method (phone, email, or TOPN), to confirm an action. Additionally, Exness uses a support PIN, a unique combination to verify account owners when they contact customer support.
Exness has received mixed reviews from various websites, although generally well-reviewed. Trustpilot rates Exness as “Average” with a score of 2.8/5, while Forex-Ratings rates it at 3/5. Other websites such as 55Brokers, SAShares, and FXEmpire rate Exness favorably, with ratings of 5/5, 4.7/5, and 4.4/5, respectively. On the other hand, TopBrokers rates it at 3.9/5, and ForexBrokers.co gives it a score of 9.1/10, while WikiFX rates it at 9/10.
Exness testimonials
Exness has been recognized for providing an excellent user experience, with awards for “Best Customer Support,” “Premium Loyalty Program,” “Most Innovative Broker,” “Most People-Centric Broker,” and “Global Broker of the Year.” This reflects the broker’s commitment to its customers. Exness offers a variety of trading platforms, including mobile, web, and downloadable, which allows traders to access the broker from anywhere.
Exness offers a range of assets to its traders, including Forex, Metals, Cryptocurrencies, Energies, Indices, and Stocks. Forex traders can choose from 97 pairs, while metals traders can trade Silver, Palladium, Platinum, and Gold. Cryptocurrency traders have access to 35 cryptos with up to 1:400 leverage and 24/7 trading. Energies traders can trade Crude Oil, Crude Oil Brent, and Natural Gas. Indices traders can choose from popular options like the Down Jones Industrial Average, FTSE 100, and S&P 500. Finally, stock traders can trade well-known names such as Google, Tesla, AliBaba, Amazon, and Intel.
Conclusion
In conclusion, Exness is a well-regarded broker with a range of features and services that make it a strong choice for traders. With a range of account types, regulatory oversight in multiple jurisdictions, and a variety of trading platforms, Exness is designed to meet the needs of a wide range of traders. Additionally, the broker offers an array of trading instruments across Forex, metals, cryptocurrencies, energies, indices, and stocks, making it an attractive option for those looking for diversity in their portfolios. While Exness has received mixed reviews on platforms like Trustpilot, its accolades for customer experience and innovation suggest that it is a broker worth considering for those looking for a reliable and user-friendly trading experience.
