Trading forex is great, yet there are many scams that make the whole fx trading process less attractive. Read Exness Review to see if this is a trusted broker and find out how you can benefit from the rebate promotion in this Exness Review.
Leverage: 1:2000 Licences: CySEC
Min. Deposit: 1 USD Bonus: Golden Dozen Rebate
Spreads: from 0.1 pips US Clients: No
We do not recommend Exness. Sign up with Plus500 instead!!
Exness Forex Trading Broker at a Glance
Exness is relatively a new entrant in the market, and it offers a wide range of trading conditions. Like Alpari, it is of Russian heritage and this may make some traders worried. Historically, Russian trading brokers don’t induce confidence. This makes such companies work extra hard in order to protect the traders and give them a sense of security. This is vital for long term sustainability and for winning the traders over their side. The practices Exness utilizes can be considered old, but at the same time it also promotes a great degree of transparency, which is welcomed considering what the home country.
Exness Forex Broker Accounts
Exness provides trading accounts of four different types to its traders:
- ”Cent” Trading Account (Minimum deposit is $1) for new traders. Starter’s choice.
- “Mini” Trading Account (Minimum deposit of $10)for Forex beginners who want improved trading conditions.
- “Classic” Trading Account (Minimum deposit $5000) for professional traders that need the full range of tools and trading facilities.
- “ECN” Trading Account (Minimum deposit $1000) for professional traders who want best trading execution while benefiting from the best facilities.
The spreads are kept reasonably low. With 0.7 pips for EUR/USD on mini accounts and 0.1 pips on the accounts of more than $100,000. Also there is no commission to pay. On top of this, Exness provides its clients with the access to trading an enormous number of instruments. From 150 Forex pairs and CFDs to 11 different exchanges from New York to Jakarta.
Exness Reviews of Trading Platforms
The reliable MetaTrader platforms that are found almost everywhere are present here too. The choice can be made between MetaTrader 4 or MetaTrader 5, however only MetaTrader 4 is available for real accounts. It is unfortunate that MetaTrader5 is only available for demo trading and it is counter-intuitive: traders who have grown accustomed with a platform during demo trading will certainly want the same one during live trading. Hopefully this will be fixed in the future, yet MT5 wasn’t available for real trading at the time of this Exness review. The MetaTrader 4 Multiterminal platform is also a viable choice catering to the advanced traders. Mobile devices are also not ignored, withMetaTrader platforms for Android devices, iPhone, iPad, Blackberry, and Windows Mobile Enabled Devices.
Exness Extra Features
There are very few tools available to new traders who are just getting to know the market. There is a library section with some articles but is immediately apparent the absence of video tutorials. Exness also has an in-house News Section, where they keep their clients informed.
Exness Reviews of Support
Support can be reached by means of: live chat, call back service, telephone and e-mail. Their website supports 17 languages.
Exness Deposits and Withdrawals
There are multiple alternatives for traders to deposit and withdraw money. These are listed as follows: credit cards, wire transfer, CashU, C-Gold, Liberty Reserve, MasterCard, MoneyMail, Pecunix, Perfect Money, QIWI, Webmoney, Skrill and RBK Money.
Exness Review Conclusion
Exness it a broker that made people were very skeptic at the beginning and many didn’t give it a chance for expansion. However their excellent customer service and their low spreads has proved these initial critics wrong. Exness has proved that is possible for a company to adapt even if it comes from a place with a very different culture. Together with the ease of access and the fast transaction confirmations makes this broker earn a recommendation.