Exness Review Is It A Safe Broker Or A Scam 2021 Update

The web-based trading platform provides their clients access to their accounts from any PC and smart device thru web browsers. This company provides the most popular trading platform equipped with graphical, advanced and fast tools and features as well as numerous indicators. The Exness customer support is very forthcoming and will help you with any issues you might encounter. The support team is available around the clock via e-mail, phone, and live chat. On the other side of the spectrum, we have email support, which totally bummed us out. Before writing these reviews we always email the brokers beforehand to get to know some of the info we want directly from the source.

exness broker review

I have done proper research before I opened account with Exness, and I read a lot of good comments that they have tight spread, low commissions, and instant execution. Notably, Exness customer service is available in English 24 hours a day and over the weekend. In addition, the help centre offers detailed and useful advice on a host of topics. The majority of Exness’ educational assistance for new traders can be found in the Exness Academy. Trading education is split into three different experience levels, which is perfect for a new trader wishing to gradually improve their understanding of the Forex market. Of course, a standard economic calendar is available, but Exness also presents a daily video of upcoming market events to watch out for with brief technical analysis.

Deposit & Withdrawal Options

You cannot do anything once your deposit or withdrawal gets stuck. Generally, all forex brokers provide bonuses to welcome their clients and most of the time these bonuses comes with a trading condition that must be met before withdrawal requests are processed. Such conditions are a bit complex which is why I am giving them a Bonus Requirements Score of 2/5. As a forex trader, you have access to over 100 of the popular currency pairs in the market. Thus Exness combines a combination of distinctive services as a broker and as a technology company. Exness is distinguished from other online trading brokers by the speed of deposits and withdrawals for clients’ accounts.

There is also a great selection of research and education material suitable for traders of all levels. The broker does provide many additional trading features such as a Virtual Private Server , Social Trading, Trading Calculators and downloadable Tick History for numerous financial instruments. Equally, the research and education Major World Indices material is also packed with great content including Analytics, News, Insights and Analysis, an Economic Calendar, Exness Academy, Webinars and more. Traders can experience a safe trading environment with the provision of an array of financial instruments and top-notch trading platforms that further cater to their every need.

The company stands for honesty, transparency, innovation, systematic improvement, and quality of service in all areas. The latest version of MetaTrader is also presented by this company with latest high-tech tools and indicators. Besides, the numbers above show the popularity Promissory Note of Exness, so it means, the company has the name of the trustworthy company in customers. After long searching for phone support, I couldn’t see it on the website. But if there really is phone support and the customer can’t find it, it looks like a problem.

exness broker review

Another facility provided by Exness operates its functions in English, which is universally applied everywhere. But if you’re not fluent in English, then asking for support from the Exness department requires time and seems like a complicated process. Therefore, we do not recommend Exness to people who are not good at English. Their spread are manipulative specially when you are a good trader ….

Metatrader 5 Mt

In our review of Exness we breakdown the pros and cons. What Exness are able to offer, what countries Exness are available in. A demo account is an account offered by some trading platforms, which is funded with virtual money. This allows a potential client to experiment with the trading platform and get familiar with its various features, before deciding to set up a real account.

And I lost some trades and found out that anytime you are in loss they manipulate the spreads to increase it form 300 to as far as 700 points …. We recommend traders to do your own research before you sign in and open an account only with the regulated entity, for now it is only the South African Exness entity. Exness actually runs its own Exness Academy designed to support and educate thousands of traders from all over the world. Therefore, and due to operational standards that are set according to the requirements along with the customer protection, money segregation and participation in investor compensation fund or scheme. Exness provides good trading environemtn and is authorized by reoutable authority like FSCA, the mainstay on MetaTrader technology provides good research, education and analysis. Both of these methods are extremely fast, as well as informative, and can help you a great deal.

  • After that, I tried manually closing the trade but the platform didn’t allow me to do so.
  • What’s more, all of the mentioned licenses have their own web-sites which even give us additional information about them.
  • The broker also deals in stocks, indices, cryptocurrency, energies and metals, but its repertoire is not as vast as its Forex assets.

Client phone support is 24/5 in 15 languages and two languages, English, Chinese and Thai customer support is provided 24/7. Most brokers only offer 24/5 customer service, so this is a bonus for English-speaking traders. Disappointingly, Exness offers no trading tools, apart from a standard VPS service and Trading Central’s indicator service. Most other brokers offer a range of tools to assist traders with finding opportunities and making analyses. While MT4 and MT5 are both excellent trading platforms, many other CFD brokers also offer their own web-based platforms, which tend to be easier to use for beginner traders. Trading costs are a little higher than average across all three of the Standard Accounts – most good brokers’ entry-level accounts have a trading cost of 9 USD per lot of EUR/USD traded.

On the standard account, the EUR/USD has an average spread of 1 pip while the USD/CAD has an average spread of 2.2 pips. Exness is a global Forex and contracts-for-difference broker that was established in 2008. Exness has enjoyed substantial growth over recent years and is now regulated by 7 different jurisdictions. Check out my review below to discover whether Exness can be a good choice as your Forex broker. Finally, Exness Forex Broker is an excellent choice for new traders looking to get started in the forex market. Even though it has not explicitly advertised itself, this award-winning platform is well known across the globe.

Exness Terminal:

As stated earlier, this account is suitable for new traders as only the minimum deposit of 1 USD is required to open it. It helps in getting hands-on knowledge in Forex Trading. The accounts exness broker review are mainly divided into two major types, designed to suit the needs of traders, including its own set of rules regarding margin calls, commission, and leverage to name a few.

exness broker review

The Acquirer Reference Number is a unique number that tags a credit card transaction. This is a proof that the transaction has been processed from our side. It is widely used by banks and it is based on the ISO 8583 standard. Let other traders know if this service is worth checking or should be avoided. Exness has various departments such as sales, partnership, marketing, and supports staff allotted for every country where Exness is running its operations.

Company Brands As Purpose

However, two of them are Mini, and cast account, which mostly suits beginners allows them to trade forex without minimum deposit. Thereby, Exness backup you earn from this online platform and push you to robot and broker selling through this facility. By offering such outstanding services, Exness proves itself to be a genuine forex market. Exness broker has definitely some of the best features to offer to its traders. It comes with the most reliable and common trading platforms, which are MT4 and MT5, as well as with WebTerminal. The broker offers several account options, which is a step up from the industry standard.

$10 No Deposit Bonus

Standard Cent Account – With a 3 USD minimum deposit, micro-lots unlocked, and spreads as low as 0.3 pips, this is a great account for new Forex traders who want to learn without too much risk. You will only be able to trade Forex and metals with this account and the MT5 trading platform is not supported. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.

I got scammed by Exness for almost a hundred thousand. After loosing more money to lawyers and what not, I was finally able to recover my money with the help of professional company named Scam-Inspect. If you have a complain about binary scam feel free to reach them on the website “Scaminspect. Exness has been in top charts among brokerage service providers and I see there is a reason for that. Nevertheless, the wetrader platform they have here is unbarable to my opinion. Guys, take a look at ctrader web – that is what professional webtrading tool should look like!

Traders need to evaluate their objectives along with their level of experience before making decisions regarding the trading of financial instruments. Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The level of commissions will vary between different brokers and depends on the asset being traded and the type of service offered by the broker.

Exness is used by over 10,000 traders and Exness users. Any payments funded to Exness accounts by traders are held in a segregated bank account. Tier 1 is the official measure of a banks financial health and strength. Below we give Fiduciary an overview on the account types that Exness offer. Whatever you are looking to trade the varying Exness account types will be able to provide you with what you need. Exness MetaTrader 4 is compatible with the latest macOS Mojave.

Some financial instruments and derivatives that are off exchange may offer varying leverage and may have limited regulatory protection and high market volatility. It should never be presumed that any investment products, techniques, indicators or any other presented resources will result in profits. You should be aware that investing may result in financial loss.

The professional account may demand though 200$, and of course check on the necessary margin requirements that are usually set for each trading instrument separately. Also, check on the payment methods, as some of them set a minimum transfer amount. First, it better fits experienced and professional traders. Though the beginner traders can also trade with the broker, especially when there is teh whole education section available, with the online and offline sessions. And the second thing is that the broker does not offer bonuses, maybe very occasionally.

Fear of losing your money leads to making wrong decisions, but this can be avoided thanks to Exness social trading service. During this period, the client will not have any restrictions on withdrawals, but they will not be able to withdraw money to a bank card and use cryptocurrencies. When cashing out money, it is necessary to consider the priority of payment systems. For example, you can minimize your waiting time by transferring money to a bank card first and then using bitcoin and all other methods. It’s impossible to say for sure what commission traders will pay. After all, if you open a zero account, you will need to pay $3.5, whereas the commission will be completely different when opening other accounts.

Raw Spread Account

These range from a Standard Cent Account with no minimum deposit to a selection of Pro Accounts with tight spreads, market execution, and minimum deposits starting at 500 USD. But on the other hand, Classic accounts require a minimum deposit of $2000, whereas the ECN account can be opened with just a deposit of $300. There are various payment methods available on the Exness trading platform, so the trader will never face any issues as to the payment options.