Exness Broker Review-Honest Guide for 2024 Trading
This information is going to cover updated Exness broker review .Exness is one of the leading broker who has gained high reputation from year 2008. Traders know exness very well due to its reliability, transparency and latest trading platforms. It also standout from other brokers due to its trading experience,fee structure and customer service.
A Regulated Broker
In Exness broker review the most important factor is its regulation. Its headquarters are in cyprus and its regulated by higher authorities like Cryprus Securities and Exchange commission and Financial Conduct Authority.
Advanced Trading Platform
While we dive into the Exness broker review let’s discuss its advanced trading platform:
Access to Meta Trader 4 (MT4)-Exness Broker Review
- It provides us with advanced tools for chart analysis.
- It allows us to add our customised indicators
- Exness encourage traders to use expert advisors on their platform.
- It provides us all necessary tools for reliable and secure trading.
PROVIDE Traders With Meta Trader 5 (MT5)
- Mt5 provides better charting and tools for analysis.
- It has variety of time frames with different types of orders.
- Mt5 gives traders better way of trade execution.
Exness Web Terminal: A Unqiue Feature
This is one of the best feature by exness broker.
- Webs terminal provides access to all major trading pairs and instruments.
- It shows you with real time data for analysis.
- It provides high speed trade execution conditions.
Exness Trader App for Andriod and IOS
- Exness allow traders to manage their trading account through app and you will get quotes in real time.
- It helps you to trade from anywhere with best charting tools.
Social Trading Feature Especially for Beginners
- Copy Trading Service: If you are a beginner level trader then this is going to suit you. You can easily copy the trades of experience traders from their social trading app.
- Choose your favourite Trader: Exness social trading app provides you all the information and statistics of a trader. It will help you to choose the trader according to its risk size and profitability.
Variety of Trading Accounts
Let’s discuss trading accounts type one by one.
Standard Account-Exness Broker Review
Standard account is mostly used by traders and due to its popularity.
- There is no commission fees on standard account.
- It provides complete access to financial instruments.
- Standard account offers low spreads starting from 0.3 pips.
- The good thing you can use leverage up to 1:2000
Standard Cent Account
- This account type is best for beginner traders who want to trade with smaller lots.
- We can start trading with very low deposit using standard cent account.
- This account type also gives you access to all trading instruments.
- We start start trading with $1 on standard cent account.
Raw Spread Account for Experience Traders
- Raw spread account spreads start from 0.0 pips.
- This type of account offers you commission based trading.
- You can use leverage up to 1:2000 on raw spread account.
Zero Spreads
This account type is highly suitable if you want zero spreads on major currency pairs.
- This offers you zero spreads 95% of the time on all major currency pairs.
- Zero spread account offers commission based trading.
- We can use use leverage up to 1:2000
Pro Account for professional traders
This account type is highly recommended only for professional traders.
- The spreads of pro account normally starts with 0.1 pips.
- There is no commission fees on this account type.
- A trader can use leverage up to 1:2000
Quick dive into Commissions and Fees
Exness offers the best fees than other other broker:
- When we discuss about the spreads on exness then its starts with 0.0 pips on zero and raw spread account. On the other hand the spreads on standard account starts with 0.3 pips.
- Moreover, the commissions on Zero and Raw spread accounts normally range from $3.5 to $7 per lot.
- It also provide swap free Islamic accounts for Muslim traders.
Negative Balance Protection by Exness
Exness provides negative balance protection to its traders. It is kind of service where you are not going to lose more than your deposited amount.
Customer Service
Exness provides best customer support with 24/7 approach.
- Live Chat Support: Mostly forex trading brokers does not offer live chat but Exness provides this feature to its traders. Traders can contact through live chat and ask inquiries any time.
- Email Contact: If you have any inquiry then you can send a detailed email on their official email and you will get a response from their support team.
- Call Support: Exness provides call support to the traders in their native languages.
- FAQ on Website: if you want to quickly seek answers to general questions then you can find frequently asked questions on exness help center. Many traders find the answers of their questions very easily without contacting their live support.
Offers Various Deposit and WIthdrawl Methods
Bank Deposit Method: Exness allows you to fund your account through bank deposit. It is highly recommended for safe transaction.
Card deposit: Exness accepts all type of debit and credit card. You can instantly use your card to make a deposit on your trading account.
Deposit through E-wallets: The other way to make a deposit with exness is Skrill and webmoney. There also accept perfect money and Neteller.
Crypto Currency Deposits: If you don’t have any payment method from above then you can deposit on exness through major crypto currencies like btc etc.
Exness Broker Review:Pros and Cons
Lets dive into the pros and cons of the Exness broker.
Pros Of Joining Exness Broker
Regulated and Trustworthy: Exness is highly trust worthy and reputed broker and it has gained lot of popularity among traders in short time.
Low Spreads and Fee: Exness charge very low spreads and fee in comparison with other brokers.
Latest Trading Platforms: This broker provides us with advanced trading platforms like mt4, mt5 and web terminal.
Award Winning Customer Support: Exness was awarded due to its best customer support and its very important for a trader to have fast response from broker.
Educational Material: Exness provides us with educational material on their website and they also deliver knowledge through live webinars and trading analysis.
Copying Experienced Traders:It is one of the great feature that exness offers. This is suitable for beginner traders who don’t have any knowledge. They can easily copy other traders and manage their account.
Cons of Exness Broker:
Less Number of Crypto Currencies: Exness has very limited number of crypto currencies available for trading. It is mostly well known among forex traders.
Conculsion
As well know that Exness is one of the leading forex brokers in the market that is equally a great choice for new and experienced traders. Exness provides us lot of transparency, tight spreads and low fees and that is why its among best forex brokers in my opinion. Moreover, it provides us with education materials and variety of trading accounts which is the key essence for a trader.
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