Exness Review

As of April 2022, Exness clocked in with hundreds of thousands of active customers and trillions of dollars worth of trading volume. The broker makes available to its customers a comprehensive selection of products, including Forex, Crypto, Metals, Energies, and many more. The award-winning broker also features a number of account kinds that will suit every trader’s particular demands

Exness Pros & Cons

Pros

• Market Shares of Competitors

• MetaTrader Suite Available

• Offering Both Swap-Free and Islamic Accounts

• A High Potential for Maximum Leverage

Cons

• There are neither bonuses nor promotions.

• No USA Clients Permitted

Who Is Exness Recommended For?

This broker does not provide many “how-to” information, thus it is not suggested for traders who are just starting out in the market. Instead, Exness is best suited for traders who already have some experience. If you are a beginner, you can still sign up with Exness; however, you should be aware that you will need to acquire your fundamental knowledge elsewhere. The numerous account types and the comprehensive MetaTrader platform offered by this broker will appeal to both experienced and novice traders.

The Best Aspects of Exness

• Withdrawals Made Instantaneously. The fact that Exness allows for quick withdrawals is one of the features that the company is most pleased with. This broker claims that the withdrawal process takes no more than a few moments to complete. There is no need for any sort of manual processing, and withdrawals can be made at any time, including on the weekends.

• VPS Hosting at no cost. Exness provides free VPS hosting, which you may make use of if you want execution that is both quick and trustworthy. Your ability to trade will be protected from any problems that may arise thanks to the uninterrupted internet coverage.

• A Detailed Analysis of Previous Prices. Customers of Exness are granted access to a historical archive that contains all price tick data. This archive is derived by the broker from its current real-time pricing. Simply navigate to the website https://www.exness.com/tick-history/, choose an instrument and time period, and then click the button to obtain a zip file containing historical bid and ask prices.

• A High Number of Transactions. The trading volume at Exness is impressive enough to boast about. As of the month of April 2022, its total trade volume was estimated at $2.105 trillion. As of April 2022, there are 281,270 active customers, and during the first three months of 2022, these customers withdrew a combined total of $870 million.

• Transparent Broker. The brokerage firm Exness is completely honest. In addition to being governed by a number of distinct bodies, it also makes all of its reports openly accessible to the public, allowing customers to examine the company’s audits as well as its key performance indicators. These reports are available to be viewed by going to https://www.exness.com/financial-reports/.

Buying and Selling Platforms

• The Exness Trader app, available only from Exness

• Terminal Exness, manufactured by Exness

• The MetaTrader 4 trading platform developed by MetaQuotes Software Corp.

• The MetaTrader 5 trading platform developed by MetaQuotes Software Corp.

Compliance and Regulation from Exness.

Because of where it is located, this broker is subject to the regulations of a number of different regulatory authorities, which are described below. All of Exness’ governing bodies are listed below for your convenience:

• Financial Services Authority, which is owned and operated by Exness SC Ltd. (Seychelles)

The Cyprus Securities and Exchange Commission is referred to as Exness CY (Cyprus)

• Financial Conduct Authority of the United Kingdom Exness (United Kingdom)

• Financial Sector Conduct Authority: Exness ZA Pty Ltd. (South Africa)

• Exness B.V., which is the Central Bank of both Curacao and Sint Maarten (Curacao and Sint Maarten)

• Financial Services Commission: Exness VG Ltd. (British Virgin Islands)

Price Breakdown of Exness

Exness does not charge any administration fees, and it does not cost anything to start an account with this broker (but the minimum deposit required to open an account might range anywhere from ten dollars to two hundred dollars). Even if there are no costs for deposits or withdrawals, you should be aware that there may be miner’s fees for cryptocurrency payments, as well as for deposits made through Perfect Money, Skrill, and USDT.

The Dependability and Safety of Exness

There are multiple account-security measures available on Exness, which can help prevent accounts from being hacked. These tools contain a support pin in addition to several security types. Secondary account verifications are known as security kinds. An example of this would be using a six-digit number to confirm and take action. This code will be sent to the method that you chose (phone, email, or, depending on your country, TOPN). When customers contact Exness’s customer care, they are asked to provide a support PIN, which is a one-of-a-kind combination of numbers and letters.

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Exness User Experience

The fact that Exness has received numerous awards and recognitions is a testament to the quality of its customer service. It was the first broker to surpass the $1 trillion and $2 trillion thresholds in monthly trade volume, and it has been honoured with a number of honours, including the following:

The “Best Customer Support” award will be presented at the Financial Markets Expo in Cairo in 2021.

• The “Premium Loyalty Program Award,” which will be presented at the Financial Markets Expo in Cairo in 2021

• “Most Innovative Broker” – Dubai Expo, 2021

Traders’ Summit, 2021: “Most People-Centric Broker” award winner

Traders’ Summit, 2021: “Global Broker of the Year” Award

Exness provides clients with access to their broker through a variety of trading platforms, including mobile phone, web, and downloadable applications. It is always a good sign when a broker has a choice of platforms since these provide you with the ability to trade from a desktop computer at home as well as while you are traveling.

Forex, Metals, Cryptocurrencies, Energies, Indices, and Stocks are some of the asset classes that are made available to traders by Exness. Other asset classes include: The following is some information regarding each asset class and what is included in it:

• Currency Exchange: 97 Pairs

• The elements silver, palladium, platinum, and gold in addition to gold

• Cryptocurrencies: 35 different cryptocurrencies, leverage of up to 1:400, trading available around the clock

• Commodities in the energy sector including crude oil, crude oil Brent, and natural gas

• Indices, such the Dow Jones Industrial Average, the FTSE 100, and the S&P 500, amongst others

• Shares of publicly traded companies such as Google, Tesla, Alibaba, Amazon, Intel, etc.

A Few Parting Thoughts Regarding Exness

The accomplishments of Exness speak for themselves. It is not difficult to understand why this broker has performed so well in award presentations. They offer competitive spreads, minimal fees, and low overall costs of trading, all of which will allow you to reduce the impact that trading has on your wallet while simultaneously increasing the potential for profit.