They also don’t offer the full range of commodities that some other brokers do, but they do have some cryptocurrency CFDs which helps offset some of the other limitations. MetaTrader 4 is the world’s most popular trading platform, so is a safe choice when it comes to Forex trading platforms. You can also automate your trading or create custom indicators using Expert Advisors. It is also Signals software so you can copy trade using MetaTrader signals.
Exness Account Types
All accounts feature market execution, apart from the Pro Account, where instant execution is provided for all CFDs, except on cryptocurrencies. All accounts are available as swap-free Islamic accounts for Muslim traders. As mentioned, Exness integrates with both MetaTrader 4 and MetaTrader 5, and also offers access to the MT4 MultiTerminal which is helpful if you’re trading on multiple accounts.
They’ve got a fairly limited range of markets and they’re missing some obvious options to fund your accounts. With nearly 100 Forex pairs to trade, and a decent range of cryptos and hard commodities like metals and energies we were impressed. However, we would have liked to have seen more and they have seen more shares, indices, and ETFs available. Unfortunately, Exness don’t offer PayPal, or xcritical and limits NETELLER and Skrill to Kenya which is surprising. Similar to the Zero Account, this account also offers ultra-low to no spreads with the Lowest Commission Brokers, which is capped at USD 3.5 per lot in each direction.
The margin for these instruments is held in accordance with the instruments’ margin requirements and is not affected by the leverage on your account. Exness offers a free VPS service for all traders who deposit at least 500 USD. A Virtual Private Server (VPS) is a remote terminal solution that benefits from reduced latency and downtime, as it is unaffected by power cuts or computer crashes. Even when the trading terminal is closed, the Exness VPS will keep trading. We found that, like most brokers, the Exness MT4 platform is the standard version with 23 graphical objects and 30 built-in indicators.
Guide to Forex Trading Regulation
Lastly, the Raw Spread account, tailored for experienced traders, boasts ultra-low, stable spreads with a fixed commission per lot, no position limits, and market execution. Exness is a CFD broker with over 200,000 clients worldwide, offering trading on 100+ Forex pairs, a small range of cryptocurrencies, 70+ stock CFDs, indices, and commodities. Exness has nine account types on the MT4 and MT5 platforms – many more than most brokers. 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. Exness offers five account types plus a demo account for each account type, except for Standard Cent.
- She has a medical degree with a focus on physiotherapy and a bachelor’s in psychology.
- Zero Account (MT4 or MT5) – This account has a minimum deposit of 200 USD and 3.50 USD (7 USD round turn) commission, but traders are guaranteed 0 pip (EUR/USD) spreads for 95% of the trading day on 30 pairs.
- Exness is a CFD broker with over 200,000 clients worldwide, offering trading on 100+ Forex pairs, a small range of cryptocurrencies, 70+ stock CFDs, indices, and commodities.
- A forex industry expert and an active fintech and crypto researcher, Steven advises xcritical companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
App support
Traders can explore commodities, including precious metals, and energies, to diversify their portfolios. In the currency market, Exness offers a comprehensive range of currency pairs, allowing traders to participate in major, minor, and exotic currency trading. Cryptocurrency enthusiasts can access a variety of cryptocurrency pairs without needing to own the actual digital assets. If you are a beginner and don’t really understand all the concepts of trading and just want to find good signal providers to follow, the Exness social trading app is a decent option. If you are going to follow someone then there is every reason to want to know the signal providers equity and their risk management strategies.
While Exness offers a smaller range of tradable products than the industry average, it still has the most popular products to help meet the majority of its clients’ needs. However, if you are looking to trade a product that Exness doesn’t offer you will of course need to use a different broker. 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.
No Exness ban exists in the US, but it does not operate in the US, has no US license, and does not accept US-resident traders. Exness neither offers neither bonuses nor promotions, but it maintains a high-paying partnership and affiliate program with up to 40% revenue share or $1,850 per client. Exness notes 119,000 partners, $1B+ in affiliate payouts, and $2.9M as the top monthly affiliate payout. Exness accepts deposits in different cryptocurrencies, available from within xcritical scam the client portal under its wallet section. There is no mention of guaranteed stop order fees in the provided information. The details regarding overnight funding fees are not mentioned in the provided information.
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Pro Account (MT4/MT5/Exness web trader) – The single instant execution account offered by Exness, this account has a minimum deposit of 200 USD and spreads that start at 0.6 pips (EUR/USD) but guarantees no slippage. You will only be able to trade Forex and metals with this account, and the MT5/Exness web trader trading platforms are not supported. The Exness Academy offers various courses which run through key concepts from managing the risks, to analysing price action. Exness has a decent range of forex pairs to trade but it doesn’t offer any ETFs, bonds or treasuries, futures, or the option to purchase underlying shares.
However, traders should be mindful of fees set by their payment providers. To manage your Personal Area with Exness Trade, various tabs within the trading app can be used. The “Accounts” tab allows you to access your Personal Area, view free margin, order history, and account details. You can manage existing trading accounts and create new ones, as well as deposit and withdrawal using your trading accounts. With Exness Trade, you can access a bespoke trading terminal designed for MT5 trading accounts. Key functions include opening, closing, and modifying orders, as well as deleting pending orders.
Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. Both their official website and client support are available in 16 languages including English, Thai, Chinese, and Swahili.
You can withdraw as little as $2 and Exness doesn’t charge any withdrawal or deposit fees. In January 2023, Exness claimed to have 490,000 active traders, up 63% over a year. They also stated that active clients had increased by 12% from 440,000 in December 2022.
I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. Exness is one of the largest forex brokers globally by trading volumes, handling several trillion dollars worth of volume. If it continues to grow, I would like to see it begin to accept retail clients in its Tier-1 regulatory jurisdictions which would help it be more competitive with Highly Trusted brokers.
Exness offers several account types which are suited to different levels of experience. The Standard account has no commissions while the RAW spread and Zero accounts are the best choices for experienced traders. Exness’s commitment to transparency, security, and user-friendly xcritical rezension features makes it a top choice for traders seeking a reliable and innovative broker.
