Exness is a forex broker that was founded in 2008, and it is based in Cyprus. The broker is regulated by several financial authorities, including the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in the UK, and the Financial Services Authority (FSA) in Seychelles.
Regulation and Safety
First and foremost, it’s important to consider the safety of your funds when choosing a forex broker. Exness is regulated by multiple authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Commission of Seychelles (FSA). These regulatory bodies enforce strict rules and regulations to protect traders’ funds and ensure fair trading practices.
Furthermore, Exness offers negative balance protection, which means you won’t lose more than your account balance in the event of a market gap or other unexpected events.
Trading Platform of Exness
Exness offers a choice of three trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the Exness Web Terminal. MT4 and MT5 are popular platforms among forex traders and offer a range of trading tools and indicators. The Exness Web Terminal is a browser-based platform that allows you to trade directly from your browser without the need to download any software.
In terms of mobile trading, It offers mobile apps for both Android and iOS devices, allowing you to manage your trades on the go.
Account Types of Exness
Exness offers three types of trading accounts: Standard, Pro, and Raw Spread. The Standard account has no minimum deposit and offers floating spreads from 0.3 pips. The Pro account requires a minimum deposit of $200 and offers lower spreads starting from 0.1 pips. The Raw Spread account requires a minimum deposit of $500 and offers raw spreads starting from 0 pips with a commission of $3.5 per lot.
In addition, Exness offers Islamic accounts that comply with Sharia law and do not charge or pay any interest on overnight positions.
Deposit and Withdrawal Options of Exness
It offers a variety of deposit and withdrawal options, including bank transfers, credit/debit cards, and various e-wallets such as Skrill, Neteller, and WebMoney. Most deposits are processed instantly, while withdrawals can take up to 24 hours to process.
Education and Support of Exness
It offers a range of educational resources for traders of all levels, including video tutorials, webinars, and a knowledge base. In addition, the broker provides 24/7 support via live chat, email, and phone.
Conclusion
It is a well-regulated forex broker that offers a wide range of trading services and features. With multiple account types, trading platforms, and deposit/withdrawal options, it caters to the needs of traders of all levels. The broker’s commitment to safety and education make it a reliable choice for traders looking to enter the forex market.
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