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Exness Review: Is this broker legit, safe and trustworthy for Indians?

Review: Exness, which was founded in 2008, is a complete FX and CFD trading platform with trading volumes in excess of $1.51 trillion and more than 260,000 active clients, according to company estimates.

Offering CFD instruments across a variety of markets, including commodities, stocks, cryptocurrencies, indices, and more.

But does our investigation into Exness show a broker that is secure, reputable, and dependable?

 In recent months, Exness has seen some significant changes, and our analysts have extensively examined where this broker now stands in the worldwide industry.

So, is Exness a legitimate company? Join us as we examine the platforms, security, and costs associated with this big CFD broker with a global reach.

Get started with Exness

 

Review: Existing customers at Exness are not eligible for any new account promotions, which is understandable given the large number of top authorities that monitor this CFD trader. When visiting the Exness homepage from a European or United Kingdom location, you will be sent to the new B2B website, and residents of the United Kingdom, the United States, and the European Economic Area (EEA) will be unable to establish an account.

Review: Opening an account is simple and takes only a few seconds once you have entered your name, email address, and country of residence. Users will be able to pick between a demo and a real money account immediately, with the option to switch at any point in time.

Review: Before you can use the live trading platforms, you'll need to complete your profile and provide documentation to authenticate your identity and account. Investors must complete their verification within 30 days or their account will be cancelled. All that is required is a copy of your government-issued identification and proof of residency, which can be obtained online.

Review: Is Exness a legitimate company in terms of usability? In terms of website design, when compared to other large brokers, Exness has one of the better ones - material is really easy to find, and the pricing structure is both simple to understand and straightforward. Even if the main terminal and MetaTrader platforms might look archaic at times, experienced traders will appreciate the vast selection of tools and the ease with which they can customise their trading experience. Notwithstanding these disadvantages, beginner investors will likely find the site less user-friendly and will face a longer learning curve.

Review: Mobile users may take use of both the MetaTrader mobile application and the Exness Trader mobile application. The Trader App is an excellent choice for novices, because to its extremely straightforward and user-friendly layout, which makes utilising charting tools and placing orders a breeze. During our Exness trading review, we discovered that accessing the entire range of analytical tools, as well as completing deposit and withdrawal activities, was quite simple from within the Trade App.

Accounts - both standard and pro accounts are available.

Review: During our Exness study UK, we discovered that this broker no longer provides a retail trading platform in the United Kingdom or the European Economic Area. Exness UK has chosen to concentrate on business-to-business transactions, which means that retail investors from the European Union and the United Kingdom will have to search elsewhere.

Review: Exness was also found to be unaccepting of clients from the United States, according to our investigation. We confirmed that inhabitants of most countries in the Middle East, Asia, South America, and the Caribbean Islands, including Japan, China, Mexico, the Bahamas, and the United Arab Emirates, are eligible to register an account. On top of that, a free Exness demo account is made accessible upon registration.

Review: Standard and Professional accounts are the two categories of accounts offered by Exness. However, the Professional account provides a number of various account choices to select from, while the regular account may be setup as a MetaTrader 4 or MetaTrader 5 account, depending on your preferences. A regular account comes with no fee trades, spreads as low as 0.3 pips, and leverage that is completely unrestricted. This is a straightforward account that is appropriate for both beginner and casual traders.

Review: There are three different sorts of Professional accounts, known as the Raw Spread, Zero, and Pro accounts, each with its own set of benefits and drawbacks. A $200 minimum deposit is required for each professional account. The Raw Spread account has the lowest spreads, but it comes with a set charge of up to $3.50 for each side every lot, making it the most expensive option. Traders may take advantage of 0.0 spreads on the top 30 instruments by opening a Zero account, with charges starting at $0.2 per lot on either side. The Pro account offers rapid executions with no commission and extremely low spreads, with the first pip being as low as 0.1 pips.

Trading Platforms - Exness offers a variety of trading options.

Review: Exness, like many other online brokers, relies on the MetaTrader platform to conduct their business. There are a few different account types available at Exness, all of which may be created as a MetaTrader 4 or MetaTrader 5 account.

Review: In the case of MT5, customers may take use of the Exness Terminal trading platform, which provides all of the same functionality as MT5 but in a more simplified, web-based packaging. This software was created in-house by Exness and provides a quick and user-friendly experience.

Review: Users using mobile devices may also access the Exness Trader App, which is available for both iOS and Android smartphones. Users may make fast deposits and withdrawals via the mobile platform, which eliminates the need to ever visit the browser-based website. Customer service may be reached through the app, and there is also a selection of free analytical tools available.

Review: The MetaTrader 4 and 5 trading platforms, on the other hand, are the mainstays of Exness' trading operations. For Windows, MacOS, and Linux devices such as a laptop or PC, MT4 and 5 are available as online terminals or as downloaded programmes for use on a computer.

There is a lot of room for customising on the MetaTrader platforms, as well as automated trading capabilities and a wide range of analytical tools.

Review: During our evaluation of Exness, we made it a point to extensively investigate the various payment alternatives that were offered. To be quite honest, this is one of the most underwhelming aspects of Exness. Exness is a respectable broker, however the fact that it only offers three payment ways is lacking when compared to some of the services of even low-tier online brokers.

Review: Deposits and withdrawals may only be performed using bank cards, Perfect Money, and Webmoney, according to our Exness trading review. At the very least, Webmoney provides a cryptocurrency wallet service, which is a welcome addition. The minimum deposit amount for bank cards and Webmoney is $10, whereas the minimum deposit amount for Perfect Money is $50. In order to withdraw money, you must have a small minimum balance. Webmoney requires $1, Perfect Money - $2, and bank cards demand $3 as minimums.

Review: During our investigation of Exness, we discovered that all payment options enabled quick deposits. It took less than a minute to withdraw money using Perfect Money and Webmoney, but bank card withdrawals can take up to 72 hours.

Review: Exness does not charge any fees for withdrawals or deposits, and there are no transaction maximums or limitations specified for any of the transactions. Also noticed was the fact that the quick payment speeds might sometimes take up to 24 hours to be processed, but that this looked to be an extremely unusual occurrence.

Review: Exness offers a variety of account kinds, which results in a variety of price structures, according to our investigation. Because the costs are embedded into the spreads, standard account traders pay no commissions on their trades. For example, the average spread between big forex pairs is 1 – 2 pips, whereas the average spread between small forex pairs is 2.5 – 3 pips. Exotic pairings can range in value from 70 pips to 1000 pips, depending on the exact combination.

Review: Spreads on cryptocurrencies are very volatile, but spreads on CFD shares are quite minimal, usually between 0.9 and 3 pips for the majority of tickers. The Raw Spreads account does not charge fees on CFD shares, however the Zero account does charge commissions on the decreased spreads, even though the Raw Spreads account does not. The standard account has a margin of 0.05 percent and a maximum leverage of 1:2000, with a maximum leverage of 1:2000.

Review: Spreads on the various professional accounts are greatly decreased; nonetheless, certain commissions are payable at a minimal set amount, frequently as little as $3.5 for Raw Spread accounts, for example. There are no account administration fees, and opening an account is completely free. Most instruments are also free of swaps and overnight costs, which are applicable to some instruments. During our study of Exness, we were able to establish that there are no withdrawal or deposit fees for transactions.

Review: In light of the fact that you are investing your hard-earned money, you'll want to ensure that you may contact your broker at any time and for any reason. A broker's ability to provide excellent client service is also an important factor in demonstrating his or her reliability. Exness provides full-time customer care for English, Chinese, and Thai-speaking clients around the clock, with most other languages providing service on a 24/5 basis.

Review: Exness provides customer service through three channels: phone, email, and live chat. Phone help may be reached by dialling a single international phone number. During our assessment of Exness, we were able to reach a phone representative within a few minutes, and the representative was able to reply to our questions with appropriate responses. In spite of the fact that Exness's email support is marketed as replying within 24 hours, we found that response times took a number of days on certain occasions throughout our study - but the replies were always relevant and valuable.

Review: The fourth support option is a live chat function, which may be accessed from any page on the Exness website or from inside the Exness mobile trading application itself. In the same way that many other live chat support channels at online brokers do, the feature begins out as a chatbot that attempts to answer questions by directing them to the relevant area of the broker's FAQs. When a chatbot is unable to answer your question, you will be referred to a live representative for assistance. The live agent we spoke with during our Exness review was responsive and informative, and we were connected with an agent in a matter of minutes.

Review: When trading online, the safety and security of your personal data and financial information are critical, and you should never cut corners on security. In our Exness broker review, we go through the security of this broker in great detail.

Review: Exness is a secure and well-regulated financial institution, regulated by a number of recognised financial regulators, including the top-tiered Financial Conduct Authority (FCA) in the United Kingdom. However, because the FCA oversees a distinct component of the Exness Group, the trading wing is really regulated by a variety of authorities, which vary according to country of residence. These regulators include: The Financial Services Authority is a government-run organisation that regulates the financial services industry (FSA)

  • The Curacao and Sint Maarten Central Banks are two of the world's most important financial institutions (CBCS)

  • FSB stands for the Financial Services Commission (FSC)

  • The Financial Sector Conduct Authority is a regulatory body that oversees the financial sector (FSCA)

  • Cyprus Securities and Exchange Commission (Cyprus Securities and Exchange Commission) (CySEC)

Review: Our investigation into Exness revealed that the broker is a member of the Financial Commission, which is an international organisation that settles disputes in the foreign exchange market. Traders are safeguarded by a Compensation Fund, which pays out up to €20,000 per client in case of a dispute ruling. Another approach to assess whether or not Exness is safe is to look at its financial reporting, which Exness makes available on its webpage and contains information such as customer withdrawals, trading volumes, and more.

Review: Investor safeguards are provided by the Financial Conduct Authority and the Cyprus Securities and Exchange Commission, but because Exness no longer provides retail trading services in those jurisdictions, traders at Exness will be unable to take use of these protections. We were able to ascertain that Exness keeps customer assets separate from the firm's own funds in segregated accounts. Exness, according to our investigation, is a safe and regulated broker that maintains various licences and is actively presenting evidence of ethical business operations to customers.

Review: Exness provides dedicated Virtual Private Servers for professional traders who want to trade without interruption, at lightning speed, and in complete security. With servers that are 0.4 – 1.25 milliseconds in response time, quotations are received promptly and orders are issued without delay.

As a new trader at Exness, traders may take use of a variety of teaching tools and an interactive economic calendar, which provides recommendations on how to leverage the calendar for the best possible outcomes as a newbie trader.

Review: Exness provides more than 100 forex currency pairs that may be traded as CFDs, including major, minor, and exotic currency pairings. These include major, minor, and exotic currency pairs.

Review: Depending on the type of trading account that the investor has created at Exness, trading fees may apply. Various degrees of professional account types are available, with some charging set commissions while others do not. The regular account is commission-free, with average forex spreads ranging from 1 – 3 pips for major pairs and 2 – 3 pips for minor pairs on major pairs and 2 – 3 pips on minor pairs on minor pairings. Some pairings are also eligible for free exchange periods that are longer than the standard duration.

Review: Foreign exchange contracts-for-difference (CFDs) are exchanged on a 24/5 marketplace with a maximum leverage of 1:2000. The smallest trading size is 0.01 lots, with a maximum trading size of 200 lots available. No restriction exists on the amount of roles that can be held at any given time. All account types are subject to trading size restrictions.

Review: Exness is one of the largest forex brokers in the market, with more than 100 forex currency pairs to choose from, and its very low spreads ensure that this broker is also one of the most cheap. Traders can also benefit from a massive level of leverage, with a 1:2000 leverage ratio.

Review: Trade approximately 100 US and Chinese companies in a variety of industries, including technology, health care, retail, finance, real estate, and others. Trade stocks in over 100 US and Chinese industries. CFDs on stocks are exchanged in the same way as stocks are traded.

Besides low spreads, Exness also provides free commission on the regular, Raw, and Pro accounts, however the Zero account has variable commission rates. Swap costs are not applied to stock holdings, and spreads are free to fluctuate.

On Monday through Friday, share CFDs are available for trading between 13:40 and 19:45 (GMT+0), while select stocks can be traded on the pre-market between 10:00 and 13:40 (GMT+0). The highest amount of leverage that may be applied is 1:20.

Review: Even though Exness does not have a large number of tradeable stocks, the low costs and tight spreads make it a very reasonable and beneficial stock trading platform.

Review: Where can I locate other brokers that are similar to Exness? When it comes to picking an online broker, we always recommend doing your research because there are so many different investing choices accessible. The most effective method of locating a new broker is to read credible evaluations.

Review: Is Exness a trustworthy broker? To determine whether or not an online broker is safe, several aspects must be considered, and it is always better to verify that a broker meets as many of the deciding elements as possible in order to assure safety. In our comprehensive Exness trading review, we discuss these and other aspects, as well as how they pertain to this broker.

Review: There are several reasons to pick Exness, regardless of your level of trading expertise, thanks to a broad choice of tradable CFD instruments and a variety of trading platforms. Exness has established a reputation for being safe and secure through the acquisition of several operating licences. The company also has a good customer care department. The availability of commission-free trading is excellent, and the spreads are reasonable.

Review: Exness, on the other hand, is not available in several prominent countries, such as the European Union and the United Kingdom, and the selection of shares offered is limited when compared to some major online brokers in the sector. However, our research of Exness indicates that it is a reputable broker with a great deal to offer both novice and experienced investors.

Review: Prior to the invention of the internet, investors were required to seek the assistance of a stockbroker in order to open a stock trading account. However, individuals are increasingly depending on online brokerage businesses, which offer a wide range of possibilities for investors to purchase and sell mutual funds, bonds, and stocks, among other things. Customers now have the ability to maintain track of the transactions in which they are participating thanks to the advent of online brokers. Because of the numerous possibilities available on the internet, investors now have the ability to handle multiple holdings at the same time. People all over the world now have access to the world of investing thanks to the internet brokering system that was developed. We have witnessed a fresh flurry of activity in the world of investments, in contrast to the limited information that individuals had about stock marketing a few decades ago, Due in large part to online broker systems, which have made financial trading accessible to a larger number of users and attracted more investors than anticipated, Read the Exness review to learn more about how the online broker system works. We have provided a detailed summary with extensive research to help you decide if this is the type of service you are searching for depending on your priorities.

Review: International Forex Brokerage Firm Exness is a well-known international online forex brokerage firm that specialises in offering retail foreign exchange services, partnerships, and corporate solutions to clients all over the world. In 2008, Igor Lychagov and Petr Valov established a stock brokerage business in Moscow, Russia. A number of regulatory bodies have granted it licences to provide services from its registered offices in London and Limassol, Cyprus. It has been in operation since 2001. Because of the firm's commitment to honesty and openness, the company has earned an excellent reputation among investors, financial journals, rating agencies, and online media. As a result, the company has gained clients from all over the world. The company has been dedicated to providing traders with new prospects, continuous progress, and the opportunity to learn about various financial services. Trades are executed on the user-friendly MT4 platform, which enables investors to trade a wide range of CFDs and Futures in a number of markets across the world.

Review: When it comes to virtual brokers, the user interface is still the most important aspect to consider. The appearance of the website or mobile app, the design, and, most importantly, the functions that are made available to users all play a critical part in the success of the project. Having said that, Exness appears to have made a concerted effort to distinguish its platform from the competition by improving the functionality of the website. To learn more about Exness, read our reviews:The design of the website is something that will impress each new user that visits it. As soon as a person accesses the website, not only will the colour, typeface, and design catch their eye, but the interface itself will appear user-friendly and simple to navigate.

Review: One may anticipate to learn about MetaTrader 4 and 5 in this Exness review, among other things. It should come as no surprise that the broker is compatible with MetaTrader 4 and MetaTrader 5 trading platforms (MT4 and MT5 respectively). These two systems, which are widely regarded as the world's most advanced forex trading platforms, provide users with a variety of useful features. It provides them with the space they need to operate trading bots such as EA, study financial markets, and execute complicated trading strategies. They can even duplicate the tactics of other investors without encountering any difficulties.

Using the Broker Tick History, which is a publicly available tool, investors may check that orders are executed at current market prices. Investments may double-check that their orders are being executed accurately with this feature in place.

Review: Thanks to the use of Traders Calculator, customers may acquire a precise estimate of the cost of their transactions. The trader's calculator assists them in determining the fundamental values of the deal that they wish to enter into. This contains pip value, margin, swap long, volume, swap short values, as well as the price of a lot of a certain security.

Review: Expert Advisors are programmes that are often placed on both the MT4 and the MT5 trading terminals in order to assist traders. As a result, when the appropriate market circumstances are satisfied, the trigger alerts that have been established for certain criteria will provide instant trading actions and notifications to the user.

Review: The Virtual Private Server, often known as VPS, is a remote terminal that is available 24 hours a day, seven days a week. It increases the efficiency and quality of the connection. Consequently, the user may ensure that the transactions are provided to the server without any delay on his or her behalf.

They may take advantage of free VPS by creating an account in the Personal Area, often known as the PA. Some of the requirements that should be adhered to are as follows:At least US$500 in lifetime deposits (or the equivalent in the account's currency) is required.

A minimum of US$100 in free margin is required.

A free margin of at least US$100 every month for the duration of the application process

Review: Both new and experienced traders may benefit from the extensive training centre, which includes a library of trading tools. With the resources given by the academy, they may experiment with a wide range of innovative trading approaches and keep track of daily market surveys.

Review: This broker offers traders the chance to connect to the interbank markets at the best possible pricing through the use of an ECN account, which is provided by the company. The system arranges the client's orders in such a manner that it may compare pricing with the providers linked to the aggregator and strategically execute the orders in order to obtain the best possible rates for the customer.

Furthermore, pertinent information may be obtained quickly and easily by submitting a request.

Review: The service provided by Exness is dependable, easily accessible, and of high quality – they distinguish themselves from other online brokerage businesses by employing the most cutting-edge and modern technological solutions. They are simple to utilise and straightforward to deal with. According to the Exness evaluations, the company provides the following services:CFDs on popular cryptocurrencies such as Bitcoin, Litecoin, Ethereum, Ripple, and Bitcoin Cash can be traded, as can CFDs on other cryptocurrencies.

CFDs on well-known indices can be traded using these indexes. The S&P 500, the FTSE 100, and the Dow Jones Industrial Average are just a few examples.

Review: Contracts for USOil and UKOil are available for trading.

CFDs on equities such as Apple, Google, Tesla, and other well-known companies are accessible for trading.

Trading in precious metals is done through the use of currency pairings. This is true for gold, silver, platinum, palladium, and a variety of other precious metals.

Review: Is Exness a regulated entity? In accordance with our Exness assessments, Exness is governed by some of the world's most demanding regulatory authorities, such as the Financial Conduct Authority (FCA) in the United Kingdom and the Cyprus Securities and Exchange Commission (CySEC). Exness is regulated as a securities dealer by the Seychelles Financial Services Authority (FSA), and the most recent registration is with the Financial Services Compensation Authority (FSCA) (South Africa). It has succeeded to infiltrate numerous jurisdictions in order to assist clients in transacting across the EU region. The Financial Services Commission of Africa (FSCA) is a regulatory agency established in South Africa. In South Africa, it is widely regarded as a regulatory organisation with a strong reputation.

  • There are around 107 currency pairings that are supported.

  • The jurisdiction of the Seychelles, which provides inadequate protection for the rights of clients of financial institutions, is a risk factor.

  • Provides the lowest commissions in the foreign exchange industry.

  • The options available on the market are limited.

  • Accounts with no spreads.

  • There are no instruments available for passive investment.

  • There are several alternatives available for trading accounts, each with a unique strategy to charging a fee for both beginning traders and seasoned professionals.

  • The analytical substance and learning appear to be only surface-level.

  • The account has more than 60 basic money in it.

  • MTS does not have a Standard Cent Account, as described above.

  • Since 2015, Tick data has been archived.

  • Citizens of the United States and Israel are not permitted to register.

  • Withdrawal methods and the deposit process are both lightning fast.

  • There are just a limited number of research materials.

  • A consumer protection service is accessible around the clock.

  • It is necessary to have a large minimum deposit for professional accounts in order to be accepted.

  • The FCA, CySEC, and the Financial Services Authority (FSA) regulate this firm.

  • A limited number of financial products are available.

  • Some of the requirements for opening an Exness account are as follows:- A person must be over the age of eighteen.

  • The trader's age must be at least 18 years old to be eligible to trade.

It is not acceptable to be insolvent.

When registering for an account, the user must verify his or her details and comply with all KYC criteria.

Identity verification may be accomplished using any government-issued identification document, legitimate passport, or even a driver's licence.

Review: Account/credit card statements, income tax bills, government-issued identification, and utility/telecom bills are all acceptable forms of address proof.

Create an account with Exness by following the procedures outlined below:-

Enter www.Exness.com into the browser's address bar.

The nation of residency must be selected on the site, under the button 'new account.' This step is required. Create an account by entering an email address and a password.

To proceed, click on the 'Continue' button.

Enter your username and password – Users will be able to browse two accounts after logging into their 'Personal area' — a genuine trading account and a demo trading account using the MT5 trading terminal.

Review: Verification method - After uploading the needed papers and validating the account, the user will be able to use all of the trading account features.

Deposit money — After the account has been activated, the user will be able to begin trading.

The Exness review states that it provides a diverse selection of account kinds to pick from when it comes to offering a variety of accounts. These accounts are diverse in type and are meant to meet the needs of all traders that are interested in trading.

In general, the accounts are separated into two broad kinds, each of which is tailored to meet the specific requirements of traders and has its own set of restrictions governing margin calls, commissions, and leverage, to mention a few examples.

Review: The Standard Cent Account is the ideal choice for novices since it provides a realistic sense of what it is like to be a trader. Whether it is the price volatility, the spread, or the slippage, the trader will have a good understanding of what Forex risk is with this account.

As previously indicated, this account is perfect for beginning traders because it only requires a one-time investment of one US dollar to be opened and maintained. It aids in the acquisition of practical expertise in the field of Forex Trading.

In contrast to other trading brokers, the lowest price that a broker charges is regarded to be the best fee in the industry.

The extremely high leverage that this account provides allows the trader to maintain his or her position for a longer period of time while maintaining a modest margin.

Exness Standard is a general-purpose account that is suitable for all users. This group includes both newcomers and seasoned investors. This type of account is opened by around 80% of traders in Exness, according to the company.

A one-time payment of $1 is required.

The minimal trading volume is $0.01 per contract.

In fact, the spread is quite small, with major currency pairs having a spread of less than one pip on key currency pairs.

Standard accounts, like Standard Cent and Pro accounts, do not charge a commission for their use of their services.

A Standard account provides a great deal of trading expertise, as well as risk management.

A study of the Exness Pro Account reveals that it is the best alternative for trading specialists and professionals who are serious about the Forex Market. Tradespeople appreciate the website's flexibility and reasonableness, as well as its user-friendly interface, which makes it a pleasant location to conduct business.

Review: When compared to other Forex Trading Brokers in the United Kingdom, the Exness Pro Account allows investors to make millions of transactions without paying commission fees. Additionally, the spread on the Exness Pro Account is quite minimal. Almost every seasoned trader would like to place his or her money with forex brokers which provide reduced spreads. In addition, this account is in high demand since it offers rewards as little as 0.1 pipis.

Additionally, the ability to trade 120 distinct currency pairs, as well as the account type's limitless leverage and near-zero margin, are all significant advantages.

There is a wide variety of instruments.

Review: Trade in precious metals such as gold, silver, Bitcoin, Litecoin, and a wide range of other assets.

There are no commission fees while trading cryptocurrency.

In the case of Exness Zero, the account for the Electronic Communication Network (ECN). Trading with specialists, professionals, and investors is possible through this account. It is a zero-type account, which means that it will assist a large number of people in the investment company.

Review: For currency pairs such as the EUR/USD, the USD/JPY, and the CAD/USD, the Exness Nil spread is extremely low, even zero in some cases. For brokers, zero spread is without a doubt the most desirable and tempting situation in which to attract traders. The EUR/USD currency pair is a popular trading pair. The EUR/USD trading pair is supported by the majority of cryptocurrency exchanges. The EUR/USD trading pair is also supported by Exness Trading.

Review: At the moment, Exness provides four alternative liquidity sources to its customers. Customer ECN quotes from Exness become better and more consistent as a result of having a Zero account with them. If one chooses to trade with different forex brokers in Australia, they may have some difficulties with their quotes.

Review: Exness's deposit procedures are straightforward. Exness, in contrast to other brokers that ask traders to deposit thousands of dollars in order to begin trading, only requires customers to deposit $300 to get started. This gain is particularly attractive to traders with limited financial resources. They don't have to put much money into trading, and they can do it with a Zero account.

Review: A new account type, Exness Raw Spread, was launched in late 2019 and is available to all traders. Many characteristics of this account are similar to those of Exness Zero; however, the spread is higher. Raw Spread may be accessed with the following account information: A $200 deposit is required as a bare minimum.

The maximum leverage available on the MT5 platform is 1: 2000, whereas the maximum leverage available on the MT4 platform is infinite.

Lot commission is $7 per lot.

The first pip of a spread is 0.1 pip.

Review: The trading systems used by Exness Forex brokers are exceptionally specialised in their field. They would be of interest to any potential investor. As part of our Exness review, we'll take a look at the various trading platforms that are accessible for traders to use.

In addition to its versatility, MT4 is a proven and tested programme that is extensively used all around the world, including in the United States.

Review: MT5 is a more sophisticated version of the MT4 platform. It is equipped with a more user-friendly UI that includes additional functions for a better overall user experience.

Review: Website Terminal (WebTerminal) is an online platform that allows users to completely trade utilising the user experience provided by the MT4 and MT5 frameworks. The sophisticated trading account management capabilities provided by this platform, which is exclusively available within the MT4 framework, are the platform's most significant benefit. There is the option to trade on up to 128 actual accounts or 10 demo accounts at the same time with this platform (opened on the same server). Analytical tools like as charts and expert advisors, on the other hand, are not available. Currently, this platform is only available for Windows users, and it must first be downloaded and installed before it can be utilised.

Review: There are a variety of custom-made alternatives accessible on the Exness Platforms, including the Smartphone Trader mobile app, the Exness Trading mobile app, the Social Trading mobile app, and the Exness Terminal online trading platform.

Review: The Exness Trader Mobile Program is the finest trading app for those who want a comprehensive and small Forex Trading Terminal while on the go. The user may manage his or her Exness accounts, security, technical analyses, and economic tales from this page.

Exness Terminal is a browser-based MT5 terminal that is exclusively available to customers with MT5 trading accounts. It does not require any installation or downloads and provides all of the necessary functions with only the most basic features.

Review: Investors can earn from profitable transactions by replicating active traders (also known as strategy providers) through the use of the Social Trading smartphone application. Despite the fact that Social Trading does not come with a trading platform, it functions as one when investors duplicate deals made on the platform.

Exness Options Trading is sometimes referred to as Islamic accounts, and it allows Forex traders to operate in accordance with Sharia law norms. Due to the prohibition of interest under Sharia law, this Exness Options Trading does not pay or earn overnight interest on open positions, nor does it collect rollover fees on open positions.

Review: Exness, in contrast to other brokerage firms, offers a leverage of 1:2000 on all accounts, which is the maximum degree of leverage available. A calculator is also included that determines the maximum amount of leverage and margin required depending on the trader's current account equity. Furthermore, by offering leveraged products, Exness broker provides traders with the opportunity to maximise their profits, with the potential to double their initial investment. Regardless of the profit, leverage can result in a potential loss, serving as a warning indication to inexperienced investors that leverage trades can also be a danger warning.

Review: The primary goal of trading is to increase the value of the money invested while reaping the greatest possible profit from it. Exness broker provides investors with tools that allow them to improve their trading techniques and anticipate the accuracy of their trades in order to achieve these goals. Calculator, convertor, and virtual private server (VPS) hosting are the three types of trade tools that are provided on the site.

Calculator- This tool allows investors to obtain information on the fundamentals of trading positions, such as volume, swap short and swap long, lot price, margin, and point profit, from a single screen.

Instant currency conversion is available for most major currencies.

VPS Hosting– This type of hosting is beneficial in terms of reliability, speed, 24 hour trading, and portability.

Review: To begin with, fees are often imposed by Exness based on the type of account being maintained. Up to $3.5 in commission fees are charged on the Raw account, and up to $3.5 in commission costs are charged on the Zero account. There are no commission fees associated with either the Pro or Standard accounts. If positions appear to be maintained for more than a day, Exness brokers may additionally levy an overnight fee to cover their costs. Each instrument has its own set of fees that are depending on the positions that are held overnight or rollover. They are either levied as a fee or given back to the customer as a refund.

Review: There is also a $10 minimum deposit requirement for the Standard Account, and a $500 deposit requirement for the Raw Spread Account, as well as the Zero and Pro accounts. Furthermore, there are no fees or charges for deposits or withdrawals, which makes the broker a more favourable trading platform overall. However, before executing any sort of transfer, investors should contact their chosen payment provider for additional help, as the payment provider may be able to waive expenses that the trader may otherwise be liable for.

Review: With regards to the various depositing and withdrawing options available, it is worth noting that all cash received from investors are handled immediately. This is intended to make it easier for investors to transfer money back and forth without experiencing any difficulties. As a result, investors have complete control over their funds, which they may access at any time.

A few points to consider while thinking about the notion of deposit and withdrawal options:

Review: Metal currency accounts are available only on the Exness platform.

Cards such as Visa and Mastercard may be used at practically all establishments. Despite the fact that deposits are handled instantaneously, withdrawals using a bank card normally take 3-5 working days to process.

Review: Payment methods that process withdrawals instantly include Perfect Money, Skrill, AstroPay, WebMoney, Neteller, and Internal Transfer.

When making deposits and withdrawals, the commission is calculated based on the payment method used.

Traders can store their assets in any of the 80 fiat currencies that are supported, as well as in the specialist metal currency accounts that are only available through the Exness FX brokerage.

Review: When you refer customers to Exness, you can earn a passive income through the Exness Partnership Program. The importance of the 'partner relationship' in the Exness Partnership Program cannot be overstated. A referral ID is a unique URL that investors may share with their clients in order to earn a commission. As soon as the URL is shared and a potential client joins up through the partner link, the investor will be compensated in the appropriate amount.

Review: Exness brokers do not currently have a marketing incentive scheme in place. This is owing to the fact that forex market laws limit the payment of bonuses to new clients entering the Forex sector.

Review: Exness brokers provide a service for any type of consumer that is interested in learning about the characteristics of being in the investing business. Exness offers a variety of tools, including a Facebook page, a YouTube channel, and a blog page, where new and experienced investors may learn about the business of trading, the trading environment, trading conditions, and other topics.

Review: People who are interested in the business of forex brokers such as Exness may learn more about them by visiting the Exness Facebook page, which has a wealth of information on this forex broker. In terms of financial instruments, trading conditions, market prices, and foreign exchange pairings, Exness publishes a great deal of up-to-date information and material. There are no limits on who may access the page, and everyone who is interested in the subject of trade is welcome to do so to read the most recent post.

Review: The greater the amount of information about trading, the better – This expression relates to Exness, a trading platform where a trader may read a large number of blogs and articles on a variety of issues related to Exness trading, including its trading techniques, forex pairs, and trading services, among others.

Review: It is possible to find articles relating to instructional material, comparative study of different trading platforms, and other financial instruments. All of the blogs have been well studied and prepared by professionals with extensive experience as trade analysts, blog writers, and technical specialists.

Review: Those who do not desire to read may always go to the Exness brokers YouTube channel, where they can obtain information about trading and investing in general. They may acquire up-to-date information on market research, trading methods, and the current state of the trading marketplace.

Review: On the move, the Exness app is one of the most convenient ways to access the Exness platform, and it is available for both iOS and Android devices. Using this trading application, the user may obtain any information pertaining to the financial markets with only a single click on the screen. The investor may use the mobile app's features to get a feel for the app's super-fast order execution, MT4 and MT5, low spreads, immediate withdrawals and deposits, forex pairings, and total control over his or her account by clicking on the features. The live chat option available on the app is something that should not be overlooked. The live chat feature is simple to use. It is available 24/7.

Review: The broker places a high value on the security of its clients' trading accounts. Exness has established a two-factor authentication technique to secure login information in order to give the highest level of security to users.

As part of its efforts to keep trading accounts secure and safe, the broker has established ideal systems and security procedures that govern user authentication while also ensuring that all trading actions are carried out solely by the account holder.

Review: The monies in the client's account that are invested for trading are kept separate from the company's funds, guaranteeing that the assets are safe and not at risk. While being communicated to the database, all user data is encrypted to ensure that it remains secure. The database is safeguarded utilising cybersecurity procedures. This ensures that the account's privacy is maintained at all times.

Review: Exness has a top-notch customer care service that responds to all of their clients' questions and concerns in a jiffy. Customers who are experiencing any trading-related issues can contact customer care by phone, live chat, call back service, or email, among other methods. Despite the fact that the website material is available in 18 different languages, the customer support team only provides service in English, Thai, and Chinese on a 24/7 basis.

Review: What distinguishes Exness from other brokers is the user-friendly website, which is accessible to all clients, regardless of whether they are experienced traders or are new to the trading sector. It is committed to providing high-quality service. Brokers, on the other hand, have access to quick, dependable, and secure client service.

Review: It is necessary to do thorough background checks on all new traders before they are allowed to create trading accounts with any brokerage business. This should entail looking at what the business has to offer in terms of trading costs, trading accounts, and other aspects. If you compare Exness to the other forex brokers on our list, it features more appealing trading plans, such as hassle-free registration, tick history, demo trading accounts, low trading costs, currency pairs, and many other options.

Review: Finally, Exness Forex Broker is an excellent choice for new traders looking to get started in the forex market. Despite the fact that it has not explicitly advertised itself, this award-winning platform is widely recognised around the world. The fact that the website is available in 18 languages demonstrates the impact it has had on the trade business and that it is well-known around the world.

Review: Is Exness a Reliable Foreign Exchange Broker? Exness is a reputable broker firm that is regulated and approved by Exness UK Ltd and Exness CY Ltd. The company has built a specialised trading environment that is suitable for both novice and experienced traders. Because there are no hidden fees and the ability to trade various CFDs in different locations, it is a dependable and solid platform. The majority of reviews give it a positive grade.

Review: Is Exness a Reliable Source of Information? Many people ask if Exness is a scam or if it is legitimate. The Exness Group has developed its presence in a number of nations and has had its company licenced and registered. In the case of Exness UK Ltd, the Financial Conduct Authority is in charge of overseeing it. It is also licenced and regulated by the Cyprus Securities and Exchange Commission (CySEC). As a result, the company is now allowed to provide financial products in the regions that are recognised by the platform. CySec regulates a large number of well-known companies. When it comes to investing, a trader should look through the terms and conditions to see whether they are compatible with their potential as well as whether the broker's activities are compliant with the legal requirements of their home country. Despite what this review claims, Exness is not a swindling broker.

It takes approximately how many days to recover from Exness withdrawal? No commission is charged, and it might take anywhere from a minute to seven business days to complete.

Review: Do you think Exness is a good choice for newcomers? The majority of evaluations state that Exness is a fantastic choice for novices, particularly if they pick the Exness Standard Account, which allows them to deposit as little as $1. This account assists a trader in addressing all of the concerns and difficulties that they may encounter over the course of the trading procedure. The trader will also gain an understanding of what genuine trading is like as well as the risks associated with forex trading.

Review: What is the bare minimum deposit required for Exness? Exness requires a one-time deposit of $1 for a Standard Account and a two-time commitment of $200 for a Pro Account.

Review: Which Exness Account Is the Most Appropriate? To begin with, the Exness Standard Cent Account is the finest account to utilise since it offers competitive rates, quick execution, a low spread, and less volatility.

Review: Is There a Bonus With Exness? Exness does not have any bonus programmes available at this time.

Exness is classified as a kind of broker. Exness is a foreign exchange broker that deals in both money and bitcoins.

 

Sites like Exness

Here is the list of brokers where Indians can trade Forex, Shares, CFDs, and Cryptocurrencies (Bitcoin, Ethereum):

  • Olymp Trade - Facebook, Twitter, YouTube, Twitch, Reddit, Quora and Google Search user activity suggests that this one is gaining a lot of traction
  • Quotex - Picking up steam in India in terms of popularity. Also famous in the US.
  • OctaFX - OctaFX provides an entry-level, low-cost MetaTrader platform in addition to its social copy-trading platform.
  • Binance - Great for investing in cryptocurrencies and is also an exchange platform.
  • ExpertOption - Extensive instructional materials are made available by ExpertOption to its customers.
  • 5paisa - 5paisa Capital Ltd is a publicly-traded and professionally managed firm.
  • Kotak Securities Limited. - They have shown that they are deserving of the title of well-known and well renowned full-service brokerage business.
  • RoboForex - Users from a variety of various backgrounds may be guaranteed of a flawless trading experience.
  • VantageFX - Vantage completes its MetaTrader platform suite offering with support for numerous social trading platforms.
  • Capex - It has swiftly established a reputation for itself by providing an enormous variety of complicated trading tools.
  • PocketOption - Pocket Option is one of the most reputable binary options trading platforms.
  • ThinkMarkets - Multi-regulated broker that specialises in forex and contract for difference (CFD) trading.
  • Trader's Way - Trader's Way forex brand, is approved and controlled by the CySEC (Cyprus Securities and Exchange Commission).
  • IQ Option - At the moment, this broker has more than 48 million registered users and processes more than a million transactions per day.
  • Karvy - It is one of the most well-known brokerage businesses in India, with its headquarters in Hyderabad.
  • Trading212 - It was founded in 2013 and is regulated by the Financial Conduct Authority.
  • Markets.com - An excellent choice for traders looking for a comprehensive and dependable online platform.
  • Capital.com - A multi-award-winning worldwide investment broker that originated in the United Kingdom.
  • Trade.com - A premium brand, it provides a robust infrastructure as well as cutting-edge software.
  • Sharekhan - The full-service broker was once affiliated with SSKI and was recently bought by the BNP Paribas Financial Services Group.
  • Alpari - One of the world's biggest forex brokerage firms.
  • iForex - A well-known forex and CFD broker that provides a wide range of tradable assets
  • FP Markets - An Australian CFD and FX broker founded in 2005.
  • IC Markets - A top-tier broker for serious Forex traders, and it is regulated by financial regulators.
  • FBS -  Its brokerage platform provides access to worldwide markets.
  • XTB - This Polish broker is one of the largest publicly traded Forex and CFD brokers in the world.
  • Hugo's way - Registered in the Seychelles; it's a new player in the social trading arena.

 

 

Written by Swarna Shrivastav

Swarna ShrivastavI'm an investment banker. But I also write for, and fact-check articles published by ForexBrokers.co.in. Full Bio.

 

 

 


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