Introduction
This is a Russian online CFD and forex broker that has been in this field of forex market since 2008. It also deals with cryptocurrencies such as Bitcoin. The headquarters of this company are located at Auckland, New Zealand under the business name, EXNESS NEW ZEALAND LIMITED. It works under the regulations and authorities of the FDR. This company has a major branch in Cyprus under the business name, EXNESS CYPRUS LIMITED. The branch in Cyprus is under the regulations and authorities of Cyprus Securities and Exchange Commission and the European law. This company is one of the forex companies that are considered to be developed most, and it is ahead of other companies in terms of innovation. This is because the company has an automatic withdrawal system, and this system allows traders to quickly access funds in their accounts of trade. In addition, the company has a system that can understand 13 different languages including Spanish, German, French, English and Chinese. Traders who have invested in this company have been receiving favorable bonus and promotions. The company gives the traders to choose the type accounts that they would like to use while investing. There are regulations that make sure that traders’ funds are safe. Any trader from any part of the world can invest in this company and enjoy the benefits, as this company has branches in different counties including the United States of America, the United Kingdom, Germany, China and Russia.
Exness is one of the leading online Forex brokers that have its headquarters in St. Petersburg, Russia. It was established in the year 2008. Today, it has grown into one of the major broker in the industry. It has also emerged as one of the few online Forex brokers that offer 100% transparency in its operations. Exness has a clear mission – to offer affordable, reliable and high quality services using state-of-the-art trading technologies for both their partners and clients.
Regulations and security of funds.
Traders have no reason to be worried of concerned about the security of their funds and investments. This is because Cyprus Securities and Exchange Commission is a body that has a lot of restrictions and strict regulations, thus making it hard for scammers to survive. Firms that are considering to invest in forex in this country are required to have high entry capital requirements and low capital maximum leverage, and by taking this law into consideration, it is hard for scammers and fraudsters to succeed in this type of environment. Since this company has been allowed to invest in Cyprus, it means that it is a legit firm, and traders should not afraid to invest in it. Companies whose wish is to invest in Cyprus are supposed to possess or be holders of more than 1,000,000 euros, since this proves that this firm is good in terms of financial stability. Cyprus Securities and Exchange Commission has passed the law that it is a must for traders’ funds to be kept in segregated accounts. Firms are also not allowed to mix the customer funds with the operation funds, and this proves that this company is legit, and traders have no reason to get worried. Cyprus Securities and Exchange Commission is also a member of a body whose name is Investors Compensation Funds, and incase this firm collapses, the company can pay up to 20,000 euros per trader. Countries such as the Russia, the United States, United Kingdom, New Zealand and Cyprus have strict rules when it comes to forex trading and financial investments since they have to protect their citizens from losing moneys to scammers and fraudsters, and as a result, scammers are discouraged while serious companies are encouraged to invest. ‘
In this exness.com review we can see that Exness is regulated under CySec, which in itself is a sign of its reliability. The broker complies fully with the trading standards of the EU market. This broker seems to take its clients too seriously, as they make additional efforts to respond immediately to the needs and complaints for their traders. Every level of trader would find Exness to be the perfect choice.
ISO Certification and Awards
Exness forex broker is in the rare list of Forex brokers that are ISO 9001:2008 certified. This certification was presented to this broker for quality management in financial trading and currency markets in the year 2011. The year 2012 saw the broker win a coupe of major awards:
• Best Broker in Russia by the World Finance Magazine
• Best Broker in the Middle East by the World Finance Magazine
Reliability.
There is no any trader who would wish to lose money to a scammer. The reliability of any broker is the biggest concern of every trader. Since internet is full of frauds and scammers, every trader has a reason to be worried, and as a result, traders have been careful when investing with any online broker or platform. However, traders have no reason to get worried if they invest in this company. This company has been in operation for 10 years, and this company has not been involved in a single scandal for that time, and this proves that this is a good company. In addition, the company has managed to do well in tight and strict regulations in Cyprus, the United States, Russia, New Zealand, the United Kingdom and Germany. This company has a very good customer support system which is available from Monday to Friday, and it does not matter the time at which the customer needs assistance since there are those who works at nights and during the day. Lastly, this company has a system that supports 13 major languages of the world, and this means that this company has managed to overcome the language barrier, as any trader can be served despite the country of origin.
Hedging – The Forex broker ensures paying all the profit without concern for its size on all the transactions made through them. The following systems provide for this:
• Based on the account type, transactions would be hedged for participants in institutional market or individually or for aggregate position.
• In the case of ECN accounts, every transaction needs to be shown in the inter-bank market.
Lack of Conflict of Interests – When it comes to ECN, we act as the intermediary for providing choice and faster order execution at the hands of retail ECN participants.
Minimum Non-Trading Risks – Exness uses the most advanced software and tools for eliminating any chances of errors.
Exness trading platforms.
This company is just like any other company that has its specialization in forex. Clients of this company are provided with MT4 platforms just like the other companies do. However, traders who have invested in this company or those who would like to invest in this company have an added advantage. This company has a Metatrader 4 and Metatrader 5 while most of the companies that compete with this company have no Metatrader 5. This is an advantage for professional traders who have more than one accounts, as they can manage more than one accounts at once. In addition, this company supports Metatrader 4 and Metatrader 5 mobile versions, and this means that a trader can manage his or her account whenever he or she wants, and at any time of the day and night. This is because he/she does not need to stick to the desktop computer or laptop computer. Lastly, mobile versions of Metatrader 4 (download exness mt4) and Metatrader 5 come in different form. There are for iOS users, android users, blackberry users and Windows mobile version users. This means that every operating system of a computer or a smartphone supports these platforms.
Exness types of accounts.
Unlike other forex brokers, this company does not offer a lot of different types of accounts. This, however, has a way of compensating for that. The company concentrates on the types of clients it handles, and this is the reason why it came up with a decision of making sure that customers should have a maximum of four types of accounts to choose from, and customers are allowed to choose any accounts that is appropriate to him or her. The types of accounts offered by this company are categorized below.
Cent trading account.
This account is for traders who have experience in forex or those who would like to invest in this company for the first time. It is like a test account since a big number of newbie traders open it in order to test the terms. A trader is only required to deposit ten dollars in this account, and this amount is enough for traders all the available conditions for trading in this company. This account has a spread of 0.3. The above statement is one of the advantages of this account. The other advantage is that this account acts as a learning platform since traders are provide with an opportunity to learn how forex works, thus gaining the experiencing needed to survive in this sector. This account also prevent traders from risks that involve losing of money as well as making unnecessary losses. However, this account is traded in real psychologically transaction, real conditional transaction as well as real money withdrawal. This company has unlimited leverages in its four accounts. However, this depends on the amount of dollars or euros that a trader deposits in his or her account. For more information, you can visit the company’s website.
Mini trading account.
The other one is known as the mini trading account. When this company was designing this account, it took into consideration the needs of traders who would like to invest in forex for the first time. In short, it was designed in manner that beginners can fit in it. however, it is better cent account since a trader can deposit as low amount as one dollar, and it has no maximum deposit limit since it has unlimited high push. It spreads from 0.3 pips. This account is traded in real psychologically transaction, real conditional transaction as well as real money withdrawal. In addition, it is for a professional traders as well as beginners and amateurs. A big number of traders at Exness are using this account, and they account to over 80 percent. If you would like to invest in this company, this is a good account, and you should take it into consideration.
Classic trading account.
The other one is classic trading account, and this account is the one that most professional traders in this company have been using. It is considered the best account of this company since its terms and conditions are way much better than other three accounts. This accounts comes a set of tools and resources that are full as a way of facilitating the trade for investors. In order to fit in this account, a trader is required to deposit a minimum of 2,000 American dollars. This account has a low spread as it spreads from 0.1 pips. If you would like to reap big from forex trading, you should consider investing via this account.
ECN trading account.
Just like the classic trading account, the ECN trading account is also a professional account, and it is designed for professional traders. However, this account is quite different from the classic trading account. ECN accounts provides an access to a transparent market where there is no conflict of interest between brokers and clients. The minimum amount of money that a trader should deposit if he or she would like to invest in this company via this account is 2,000 American dollars. This account has a low spread as it spreads from 0.1 pips. If you would like to reap big from forex trading, you should also consider investing via this account.
Exness trading of cryptocurrencies.
Exness has one of the best platforms for the trading of cryptocurrencies, and it has been in this activity since 2009. It the portfolio of this company, there are several cryptocurrencies. These currencies include Bitcoin, Ethereum, Litecoin, Dashcoin Bitcoin and Ripple US dollar. For those who would like to know what is meant by the term trading of cryptocurrencies, this is what it means: it is about the dealership of financial derivatives such CFDs, and this means that there is no use cryptocurrencies in selling or buying goods. In this trade, however, traders or investors use CFDs that provide them with opportunities of capitalizing on the cryptocurrency movement. Traders can sell their currencies when the conditions become favorable, thus reaping big from this investment.
The spreads and commissions of this company.
One of the best things about this broker is that it has no mandate of charging commissions on trade. However, the profit made by this company comes in after additional spreads on the price quote given takes place. Traders are provided with an opportunity to negotiate when trading. On spreads, this broker has the lowest spreads in the forex market industry, and this makes it most popular in this sector. Every trader is willing to have an account in this company since it has the best spreads. These spreads are applicable in all four accounts.
The withdrawal and deposit options at Exness.
This company does not place barriers between the traders of forex and their money. As a result, it has come up with fast, secure, reliable and efficient means that traders can use to either deposit or withdraw their money, and withdrawal or deposit can take place anytime. A trader can use bank transfer, credit and debits or digital transaction using online money accounts. Cards such as Visa card, MasterCard, and other known cards can be used. For digital transactions, PayPal, Skrill, Neteller, PayPal, WebMoney, TrustPay, iDeal, Sofort and western union can be used by traders of forex who have invested in this company. Below are the procedure for depositing and withdrawing.
Depositing.
The first step that a trader should do is to log in his or her Exness Personal area on the company’s home page. The second step is to click on the deposit section. The third step is to select the system of payment that he or she would like to use. On step four, there is pop up menu, and this is where a trader is required to select the account he or she would like to deposit funds into. The fifth step is to enter the currency and the deposit amount followed by clicking “next”. The sixth step is to double check the deposit details followed by clicking “confirm”. The seventh step is follow the link given which goes to the website of the chosen system of payment, and this where the conclusion of funds transfer takes place.
Withdrawal.
The first step that a trader should do is to log in his or her Exness Personal area on the company’s home page. The second step is to click on the withdrawal section. The third step is to select the system of payment that he or she would like to use. On step four, there is pop up menu, and this is where a trader is required to select the account he or she would like to withdraw funds from. The fifth step is to choose the currency of the payment system. The sixth step is to enter the account number of the payment system. The seventh step is to enter the amount that needs to be withdrawn, followed by clicking “next”. The eighth step is to confirm the withdrawal details, and after doing this, the trader is required to enter the code sent to his or her email or mobile phone. Lastly, the trader should click “confirm withdrawal” in order to complete the transaction.
Promotions and bonuses.
Traders who have invested in this company are provided with chances of receiving several bonus and promotions, and they include;
General deposit bonus, where a trader can get up to 35 percent of the deposited amount.
Special bonuses, and these bonuses are applied to various types of accounts as follows: the first one is the profit ladder bonus where bonuses are differentiated according the trading volume. The second one is the golden ladder bonus program where the bonus size is tied to the gold price, and the size of the bonus increases with an increase in the trading volume on a trading account.
For those traders who hold classic accounts, bonuses come in the percentage form of the deposited amount, and the deposits are increased with 10%.
There are trading contests that are taking in this company, and they include traders’ community battle, and winners are expected to bag different prizes.
Customer support.
This company has the best support. It has a system that understands more than 13 languages, and this means that customers can be assisted in case they need any assistance despite the country of origin. In addition, the staff is available at any time of the day, from Monday to Friday. There are a number of ways in which a trader can use to communicate with the support, and these ways include social media, phone calls, emails and live chats.
Education.
This company has a system that it uses to educate its clients. They include; use of links that clients can follow in order to learn and understand the meaning of forex, how it takes place and terms and conditions. Since this company has an active Facebook page, it provides its client with education on daily trends, including the performance of the dollar and euro in the forex market.
Technical Support
They have a special press release page on their website that offers 24-hour technical support to Exness’ clients. Earlier, there was a Live Chat option on their website, which is not working currently. During the time this review was written, a click on the link opened up a web form asking for email details.
Security Features
An important aspect of Exness is the level of security they offer on their website. Their home page uses only highly secure variant of the HTTP protocol, the HTTPS web protocol. It is designed to carry out only highly secure online transactions.
Trading Services
Their Free VPS service is offered for a minimum deposit of US$ 500 or an equivalent amount in another currency. The Exness VPS service has the MetaTrader 4 platform as a standard. You can start trading by signing into your MetaTrader account. In addition to VPS, they also offer their unique Dow Jones news service onto the MetaTrader 4 platform. This includes providing the latest in financial and business news.
Pros, cons and conclusion.
This company has a number of pros, and this pro include; an automatic processing of withdrawal thus reducing the waiting, the needed minimum deposit is very low, leverages are unlimited, the customer support responds in time, one can use a mobile app, a desktop app and browser, and lastly, traders are provided with an opportunity to choose an account that suits him/her. The major con is that networks can be an issue sometimes, especially for traders who come from places with poor signals or places where there is no internet, thus making it hard for them to invest in this kind of business. If you would like to succeed in forex trade, you should consider investing in this company since it has managed to stand out among the crowd, as it cares for its clients by providing them with good terms as well as listening to them and their needs, and this is the reason it has managed to succeed for more than 10 years.
If you think that because Exness has its headquarters in Russia, traders from other parts of the world cannot use their services, you are wrong. You could be from any part of the world, but Exness allows you to sign-up and start trading.
The ECN accounts from Exness have highly competitive spreads, which are almost unmatchable. They charge a commission of $25 per $1 million on their ECN accounts. This indicates that their commissions are nominal and not expensive. Their ECN account could be opened for just $1,000 or an amount equivalent in another currency. Due to this lower fund requirement, it is possible for an ECN trader to make the most out of their freely offered VPS service.
What I like at Exness the most ? New feature – instant withdrawal is the best thing at Exness forex broker. When I create withdrawal for 2 minutes I will get my money. Without waiting. Excellent.