For professionals, Exness Forex is an unfamiliar name. As for those just starting to learn, when searching for information on the Internet, Exness is always the top name that appears. So what is Exness? How does it work? Please join Learn Forex Trading to answer that through the following article.
What is Exness Forex?
Created by Exness.group, Exness Forex was born in 2008 as a professional foreign exchange exchange. After many years of operation, the exchange has brought many trading achievements and trust from investors around the world.
Impressive numbers
Thanks to strong trust, as of the end of last year, Exness Forex recorded outstanding achievements:
- Average active customers by month: nearly 390,000 people
- Conducted hundreds of thousands of transactions, totaling more than 2.811 trillion USD. Worth mentioning, that this number is only for August last year. That form continued into this year when similar results were recorded in January.
- Achieved 88.6 million USD in bonuses for partners. 984.9 USD in withdrawals for customers based on the second quarter.
See more: Instructions for registering an Exness account
Prestigious awards in the last 2 years
At the Cairo Financial Markets Expo 2021:
- Award for best customer support service.
- Premium loyalty program award.
Exness at Traders Summit 2022:
- Global Broker of the Year.
- The most people-focused broker.
New Zealand Financial Magazine:
- Best order management.
- Make the best trades.
- Best mini broker.
And there are many other global recognitions for Exness Forex achievements.
What types of trading assets does Exness allow?
An advantage of the exchange that is highly appreciated by many customers is that the exchange allows a variety of asset types and transaction forms. With the following 6 popular asset groups:
- Digital currency: there are all common cryptocurrencies: DOT (Polkadot), COMP (Compound), CAKE, BNB, BTC (Bitcoin), ETH (Ethereum),…
- Stocks: 81 codes. Exness Forex exchange has a full range of stock codes from large corporations around the globe.
- Energy: Allows market transactions in Natural Gas and crude oil.
- Index: Includes popular stock indexes.
- Metal: 10 metal codes: silver, gold, palladium, platinum
- Forex (Foreign Exchange): There are currency pairs from major, minor to rare. Up to now, there are 107 codes – an impressive number compared to the average level of trading exchanges in US .
Take a look at some of the platforms that can be traded on Exness
Which platforms does Exness support and allow users to trade through? Currently, Exness allows traders to trade on many different platforms. Let’s see what those platforms are.
Exness Web Terminal trading platform
Exness Forex allows Web Terminal access on the platform’s Personal Area interface. Instead of having to download MT4 or MT5, using the Web Terminal helps you quickly access the trading market with charts and basic financial analysis.
MT4, MT5 trading platform
The two names seem to be too familiar in the Forex market. MT4 and 5 were developed by the same founder, both are extremely great software for professional traders with powerful support tools when Exness trade.
Social Trading by Exness
Developed to support automatic transactions and mirror transactions. Social Trading is a very suitable place for new traders to learn from experts and develop their trading strategies.
Evaluate deposit and withdrawal operations on Exness
On Exness review posts, people often share that Exness has many deposit and withdrawal forms. To help users feel more comfortable when trading, the exchange always focuses on improving service quality and updating new transaction forms. Methods include Bitcoin, Neteller, Nganluong, Internet Banking,…
Transactions on the exchange are also performed relatively quickly and easily. Thanks to the always-optimized interface, Exness can always provide many different customers with the most minimalist experience.
What types of accounts does Exness currently issue?
To diversify user experience, Exness owns account types suitable for different types of traders. Accounts are mainly divided into two main categories, which include separate rules regarding margin calls (60% for Standard and Standard Cent and 30% for Pro, Zero, and Raw Spread). Each type of account has its features, which you can learn about through the articles below:
- Standard Cent account
- Standard account
- Raw Spread Account
- Pro Account
- Zero account
In addition, Exness Forex also has a DEMO account type to help you try to “practice” trading.
Fees, leverage on the exchange
For example, when trading, there will be some fees that you need to pay. However, transaction fees on Exness are said to be quite low compared to other forex exchanges. Below is information about fees on Exness.
About fees
Compared on a common level, Exness can be said to have quite “easy” fees. Each account type has a minimum fee to conduct trading (except DEMO), but it is not too high for those who are serious about forex trading. Best of all, in some trading accounts, Exness does not charge commissions. That helps you optimize your profits.
Additionally, for accounts in Muslim countries, Exness Forex also does not charge overnight fees.
About leverage
Exness Forex offers the highest leverage on the trading platform market across all account types. Exness’s leverage can help you trade with extremely low capital. Of course, the loss will still follow the leverage, but once you understand the rules and have trading experience, Exness Forex leverage is a great bargain.
Care and cooperation program
With Exness partners, people receive a lot of benefits. The exchange also takes very good care of its partners.
Customer care program on the exchange
Besides cost benefits, the Exness Forex trading platform is also famous for its customer care policies. Occasional incentives and staff ready to advise 24/7 are always plus points for users. As long as it can help you have a good trading experience, the exchange will continuously improve and modify over time.
exchange partner
Besides, traders can also try to expand their role by joining the Exness Forex partner program. When you become a companion with the world’s leading trading platform, you will enjoy many privileges. In addition, it is also an opportunity for you to contact and absorb the “quintessence” of global financial experts.
See more: Registering Exness broker account on your phone
Is the Exness Forex trading platform reputable?
To clarify more about the reputation of the exchange, first, there needs to be specific evidence. We will generalize through 3 factors: license, security, and financial funds.
Legal documents for exchange operations
Exness Forex possesses all operating licensing documents from financial institutions affiliated with the host country. May be mentioned as:
- Exness (MU) Ltd: licensed by FSC Mauritius
- Exness ZA (PTY) Ltd: licensed by FSCA South Africa.
- Exness (Cy) Ltd: CySEC Czech Republic
- Exness (SC) Ltd: FSA Seychelles
- Exness (UK) Ltd: FCA UK
- Exness BV: CBCS Sint Maarten and Curacao.
- Exness (VG): FSC British Virgin Islands
Extremely high customer security
Use 2 FA security system. The exchange always has careful verification and screening for customers. All transaction information and personal information of users, unless authorized, will be kept completely confidential.
Besides, in special cases, the exchange will apply manual verification to ensure transaction certainty instead of using automatic technology like in other exchanges. This can avoid omitting information or causing disadvantages to investors.
Compensation Fund
As a reputable and global financial institution, of course, the exchange will also have a policy to protect customer rights. The compensation fund was established as a transaction insurance package. Accordingly, each customer can be insured up equivalent to 20,000 euros at the current exchange rate.
Conclusion
At this point, perhaps the information provided by Learn Forex Trading has partly given you general knowledge about Exness Forex. If you have further questions, don’t hesitate to contact us here so we can advise you. If you are completely “uplifted”, register an account and enter the foreign exchange market today!
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