Exness Review 2024 Pros, Cons & Key Findings
We strive to provide our users with a reliable and user-friendly experience, and we are always working to improve our services. A lot of options and features in Exness trading platform and money deposit and withdraw options. We’re thrilled to hear that you’re finding our platform easy to use and helpful. We appreciate your positive feedback and are committed to providing you with the best possible trading experience. Beginners who seek in-depth educational content from their Forex broker will not find it at Exness, as beginners are not the core market of this industry leader.
Exness Account Types and Their Benefits
CFDs on shares are relatively limited, and I would like to see more global exchanges added to the mix. The Exness Terminal platform offers standard order types like market orders, limit orders, and stop-loss orders. Trailing stop loss orders are not available, and applying time-in-force conditions to orders is impossible. The broker’s clients can trade CFDs on currencies, indices, commodities, shares, and cryptocurrencies through MetaTrader xcritical official site 4 and MetaTrader 5, as well as the proprietary Exness Terminal platform and Exness Trade App. Customer support is always available when I need them and the app has a user-friendly interface so easy to learn.
ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. For example, making a $700 deposit via debit card and $300 via Skrill means a trader must withdraw 70% of profits via the same debit card and 30% via Skrill. Exness will highlight recommended payment processors, identifying the best methods filtered by the geographic location of traders and withdrawal experience by Exness. I like that Exness provides phone support, which is ideal for emergencies.
Exness Product Offering
- It supports unlimited leverage and includes a swap-free Islamic Account option.
- The well-regulated trading environment includes oversight by one central bank and Hong Kong-based Financial Commission membership, with its compensation fund maxed out at €20,000 per claim.
- We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.
- Yes, overnight fees, or swap fees, apply to positions held after market hours.
- Exness is one of the largest forex brokers globally by trading volumes, handling several trillion dollars worth of volume.
- The Exness Social Trading offering has potential but needs some important refinements, including potentially moderating the claims made by providers which more strict regulators could frown upon.
Margin is the capital required to open and maintain a trading position. It represents the amount set aside from your account balance to support trades. After logging into your PA, choose the type of trading account you want from Standard, Standard Cent, Pro, Zero, or Raw Spread. Two-factor authentication (2FA) adds an extra layer of security by requiring two forms of verification to access your account, enhancing overall protection. Exness maintains an Information Security Team xcritical reviews composed of highly qualified professionals who stay updated with industry trends and share their expertise with the broader cybersecurity community.
This slight edge in withdrawal speed prompts me to award Exness a 4-star rating. Additionally, the ability to integrate with a dedicated iPhone app and connect to TradingView would further enhance the user experience. Exness automatically opens an MT5 standard demo account upon registration, and traders can open up to 100 MT4 and 100 MT5 demo accounts from their Exness Personal Area. They are entirely customizable, and traders can manage multiple accounts via the back office.
Why is It Important to Know Where Your Broker Subsidiary (Entity) is Regulated?
With a strong emphasis on transparency and user-friendliness, Exness caters to traders of all levels. This review will delve into the key aspects of Exness, shedding light on its unique advantages and why it’s a preferred option among traders. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
Processing times are fast for the industry, and both deposits and withdrawals are free of charge. Exness is a winner in this category with a better-than-average offering. Available for iOS and Android, the Exness Trade app provides access to over 200 instruments. The app has a user-friendly interface designed specifically for beginners.
Exness offers swap-free accounts compliant with Sharia law, catering to traders who follow Islamic financial principles. These accounts avoid interest (Riba) by eliminating swap charges, making them suitable for traders adhering to Islamic beliefs. Swap-free options are available across all Exness account types, including Pro, Raw Spread, Zero, Standard Cent, and Standard, allowing for interest-free trading. Exness excels with its comprehensive asset range, strong regulatory standards, competitive spreads, and excellent customer support, providing a reliable and efficient trading experience. Exness offers a reliable trading platform with competitive spreads, leverage, advanced trading tools, and excellent customer support. Exness also provides access to various trading tools, including fundamental and technical indicators, enhancing traders’ decision-making capabilities.
It’s not only a smooth platform but also loaded with the most convenient and useful features. Below is a list of trading cost examples for buying and selling the EUR/USD and holding the trade for one night and seven nights in the commission-free Pro account. Here is a screenshot of Exness fees during the London-New York overlap session, considered as the most liquid session, where traders usually get the lowest spreads. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years.