Forex trading is an attractive investment activity. And can bring you high profits. However, to trade forex successfully. Learn Forex Trading understands you need a reputable and quality trading platform to support you. Review Exness is a reputable forex exchange and is trusted by many people around the world. But is Exness as good as you think? What strengths and weaknesses does Exness have that you need to know?
Join us to learn everything about Exness in this article. So you can decide whether to choose Exness as your forex trading platform or not.
What is Exness?
Exness is one of the most reputable and strong Forex exchanges in the world. Founded in 2008 and headquartered in Cyprus. Exness provides customers with many types of accounts, products, and convenient tools. Free data analytics and services. To trade on the Forex market and other financial markets. Exness is licensed and supervised by reputable regulatory agencies. Such as CySEC, FCA, FSA and FSCA.
Review Exness: advantages
Through review Exness. We find that the exchange has very useful utilities. And good support for users such as:
Reputation and safety from Review Exness
Exness is a highly reputable foreign exchange platform in the world. With over 12 years of experience in this field. Exness has served more than 120 thousand traders from more than 190 countries. With an average monthly trading volume of more than 800 billion USD.
Forex Exness is licensed and complies with the regulations of leading regulatory agencies such as:
- CySEC (Cyprus Securities and Exchange Commission): License number 178/12
- FCA (Financial Conduct Authority): License number 730729
- FSA (Financial Services Authority): License number SD025
- FSCA (Financial Sector Conduct Authority): License number 51024
High security
Exness is also a member of deposit insurance organizations. Such as ICF (Investor Compensation Fund) and FSCS (Financial Services Compensation Scheme). Protect customers in case the exchange faces financial risks.
Exness also applies high-security measures. To ensure the safety of customers’ personal information and accounts, such as:
- SSL encryption for website and trading platform
- Verify the customer’s identity and address when opening an account
- Use OTP code or Google Authenticator for deposit/withdrawal transactions
- Store customer funds in separate accounts at reputable banks
See more: Instructions for registering an Exness account
Diversified accounts
Exness offers customers different Exness types of accounts to suit their needs. And their trading goals, including:
Standard account
The most popular account type. No commissions, low spreads from 0.3 pips, and leverage up to 1:2000. There is no limit to the number of open orders and no limit on the transaction amount. More than 120 currency pairs and other types of CFD contracts can be traded.
Pro Account
This is an account type for experienced people. And professional trading strategies. The platform has low commission fees from 3.5 USD per lot, spreads from 0 pip. Leverage up to 1:2000, with no limit on several open orders. More than 120 currency pairs and other types of CFD contracts can be traded.
Raw Spread Account
This is a specialized account type. For those who want to trade with real market conditions. There is a fixed commission of 3.5 USD per lot, spreads from 0 pip, and leverages up to 1:2000. There is no limit to the number of open orders and trading volume. More than 120 currency pairs and other types of CFD contracts can be traded.
Zero account
An account type for those who want to trade with real market conditions. And there are no commissions, spreads from 0.1 pip. Leverage up to 1:2000, with no limit on several open orders. More than 30 currency pairs and gold can be traded.
Platform diversity
Exness also provides customers with many convenient and modern trading platforms. Include:
MetaTrader 4
Is the most popular trading platform in the world. Has a friendly interface and diverse technical analysis features. Supports automated trading tools. Like Expert Advisor, customizable indicators, and other scripts.
MetaTrader 5
Is an upgraded version of MetaTrader 4. There are many new features such as:
- A greater number of charts and technical indicators
- Ability to trade on many different markets
- Supports advanced command types
- Basic analysis tools
MetaTrader 5
Exness Trade
A trading platform exclusively for mobile devices. Allows customers to manage accounts, and deposit/withdraw money. And trade anytime, anywhere with an internet connection. Exness Trade has a simple and intuitive interface. Full technical analysis features, and support for basic and advanced order types.
Diverse payment methods
Exness does not require a minimum amount to open an account. For each new customer entering the market. You can start trading with an amount of money suitable to your ability. Exness also does not charge account maintenance or withdrawal fees.
Exness supports many convenient and safe deposit/withdrawal methods for customers. Include:
- Visa/Mastercard
- Electronic banks such as Skrill, Neteller, Perfect Money
- Cryptocurrencies like Bitcoin and other types of methods
See more: Registering Exness broker account on your phone
Review Exness: disadvantages
Besides the outstanding advantages. Exness also has disadvantages that give traders headaches. Here are review Exness about the disadvantages. Include:
Spreads widened sharply when news was announced
This is a common problem in many forex trading platforms. When there is important news affecting the market. The spread will increase dramatically. And makes it difficult for news traders. Or have stop loss and take profit orders close to the current price.
The exchange operates in the GMT+0 time zone, which is different from many exchanges in the GMT+2 time zone
This can cause shortcomings for forex traders. About the opening and closing times of different markets. As well as the time for news to be updated.
The distance for placing stop loss and take profit orders is still limited
This is a minus point for scalping traders. Or have a short-term trading strategy. Because they need to place stop loss and take profit orders very close to the order entry price.
Review Exness through “Bonus” programs for customers
This is another minus point that makes Exness less competitive compared to other Forex exchanges. Because many customers like to receive incentives. Promotion or refund of transaction fees from the exchange.
Conclude
In the above article, Learn Forex Trading review Exness according to the following criteria. Such as reputation, safety, trading conditions, and accounts. Deposit/withdrawal methods, products, tools, and trading services. We have also pointed out the pros and cons of Exness that you need to know.
Follow us. Exness is a reputable and quality foreign exchange trading exchange. Suitable for many different types of traders. However, you also need to be careful when trading with Exness. Especially when important news is released. If you are interested in Exness and want more detailed information. Please visit the official website of the exchange. Or contact the exchange’s customer support department:
- Email: support@exness.com
- Phone number: +357 25 030 959
- Website: exness.com
Additionally, you can also visit the Exness support center. To search for instructional articles or troubleshooting related to the Exness exchange. Wishing you successful trading with Exness!
