Exness, one of the most well-known Forex firms, also provides services in your language. You will find information about Exness licenses and audit status, accounts and features, trading conditions such as spread, leverage, and minimum deposits and more in my article.
I have also answered questions about communicating with Exness, customer feedback, and how to open an account.
If you wish, we can start with an overview of the company. I will continue with whether it is reliable and the transaction conditions. Finally, we will see if there have been any complaints about Exness.
About Exness
What is Exness?
Exness is an international CFD and Forex brokerage firm established in Cyprus in 2008 with offices in the United Kingdom and the Seychelles. They recently opened a branch in South Africa.
The firm has clients worldwide. Exness provides investors with financial services and investment solutions tailored to their needs.
Exness has received numerous awards for providing stable and reliable brokerage services in a convenient trading environment created to suit traders with low spreads without hidden fees.
With its wide range of instruments, the firm allows investors to trade almost any financial product. The account types and trading features offered are suitable for both beginners and professional traders.
In addition to all of the above, Exness has sponsorship agreements with Real Madrid, the best soccer team in the world, and with Cristiano Ronaldo, one of the best soccer players.
Reliability Details
Is Exness Reliable?
When choosing a company for long-term trading in the forex market, traders should consider more than the brokerage firm’s track record or trading conditions. They should also check whether the firm has undergone audits in the area in which it operates, which is actually the most important point.
It is necessary to check whether the firm complies with licensing requirements and make sure that it meets international financial standards.
License and auditing are two important aspects that bring security to the forefront. Along with the company’s licenses, we will confirm its reliability by looking at Exness complaints and negative feedback.
Exness is regulated by and holds licenses from various financial authorities, including the UK Financial Conduct Authority (FCA) and Cyprus CySEC. It has also recently obtained its FSCA license in South Africa.
Exness also holds a Financial Services Authority (FSA) license. The FSA is the autonomous regulatory body responsible for licensing, regulating, enforcing regulatory and compliance requirements and monitoring and supervising business processes in the non-bank financial services sector in Seychelles.
Exness Group is recognized as trustworthy due to its presence in various countries. Its offices undergo audits by local authorities with an excellent reputation in the industry.
Features protecting investors include holding funds in secure segregated accounts and a compensation fund. The firm also offers negative balance protection for all individual investor accounts. This provides another security measure for your account.
Exness offers a rich choice of deposit and withdrawal methods. These are; SticPay, Tether, Bitcoin, debit card, Skrill, Perfect Money and Webmoney.
Deposits and withdrawals can be made 24/7. If the deposit or withdrawal is not processed instantly, it will be processed within 24 hours.
Features of the Company
Transaction Terms
This category will look at what kind of trading conditions Exness offers. Among the features we will focus on are the account types, spreads, leverage, minimum investment amount, trading platforms, and trading instruments offered by the firm.
Leverage, one of the most important and distinctive features of the forex market, is a mechanism that allows you to trade with more money than you invest.
Forex firms also provide this advantage to their investors by giving high leverage. Leverage rates may vary according to what rate investors want to use.
The company is one of the best in terms of leverage. This is because it offers a leverage ratio of up to 1:2000. Traders who want high leverage should choose this company.
Traders can reduce their transaction costs in the long run by working with forex companies that offer low spreads. This will enable quicker profits.
It is also very competitive in terms of spread rates. The fact that it has many users and offers advantageous conditions also leads to low spread rates. In this way, investors get the chance to make a quick profit.
Exness is one of the forex firms operating in the forex market with a very wide range of trading products. You can trade thousands of different trading products on the same platform.
In total, there are 107 currency pairs, 81 stocks and indices, 13 cryptocurrencies, 12 metals and energy products. Cryptocurrencies include major assets such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple.
After opening an account with the company, you can start trading by depositing at least $1.
This is a truly low minimum. There is no upper limit on deposits, and the fact that you can open a real account with just a dollar is unbelievable. This offers the great advantage of a very low entry barrier.
Exness offers MetaTrader 4 and MetaTrader 5 trading platforms. These platforms are recognized as leading in the industry. Not only are they the most widely used trading platforms in the world, but they are also available on mobile devices, which is a prominent advantage. They also offer Webterminal, access to which is browser-based.
MetaTrader 4 is recognized as the best platform for trading the financial markets. It can be used by traders with all levels of trading experience. You can trade forex and other trading instruments on the platform with unique advanced trading features.
MetaTrader 5, which is an upgrade of the MT4 platform, is another reliable platform available to traders in the financial markets. The developers have made several improvements to this platform. The interface, productivity and performance enhancements and some other features were expanded and made available to traders.
The MetaQuotes web version of the popular MT4/MT5 trading platform is now available directly from the Exness website. It works directly through the browser without any download and installation.
Which Account Types Are Offered
Exness Account Types
The five Exness account options available to investors are thus the Standard, Standard Cent, Raw Spread, Zero, and Pro. You can review these account types in the table below.
Professional account types are offered as accounts that meet the needs of the most experienced traders. Highlights include super low spreads and even zero spread, trade execution to suit scalpers, day traders, and algotraders.
The minimum required deposit for professional accounts is set at $3,000. Leverage is 1:2000 on the MT5 trading platform and unlimited on MT4.
Money Transfer Terms
What are Exness Deposit and Withdrawal Methods?
Exness forex deposit and withdrawal methods include SticPay, Tether, Bitcoin, Debit card, Neteller, Perfect Money, WebMoney and Skrill. The relatively large selection is a very good feature.
The minimum deposit amounts can vary. They range from $3 for a card transfer to $50 for Perfect Money.
Deposits and withdrawals can be made 24/7. If the deposit or withdrawal is not processed instantly, it will be processed within 24 hours.
- Bank Transfer
- Credit Card
- Perfect Money
- EFT
- E-Wallet (Neteller/Skrill)
- Web Money
- Swift
- Crypto
Exness offers users multiple payment methods, but the minimum deposit options depends on the one you choose. Always check what the minimum is before initiating a transaction.
Deposits and withdrawals made in Tether or Bitcoin are completed within 72 hours. Withdrawals made via bank card take 3 – 5 business days.
Other payment methods are labeled as instant. The term “instant” indicates that a transaction will be processed in a few seconds rather than manually, with the involvement of an institution’s finance department.
Complaints and Feedback
What is the Situation with Exness Complaints and Feedback?
When writing forex brokerage firm reviews, one must check if there have been any complaints to gauge the reliability of the firm. I can say that Exness feedback is generally positive. The company’s reliability and beneficial trading conditions increase the customer satisfaction rate.
- Leverage ratios are very good
- Wide range of account types
- Good diversification of investment products
- Good deposit and withdrawal processing
- Favorable spreads and commission fees
Current or previous customers of Exness have complained about the lack of support in your local language. However, there are no complaints about important issues such as withdrawals and deposits. Transaction conditions are the main reason for the company’s popularity.
- Lack of bonus campaigns
All in all, Exness is a reliable, licensed, and regulated forex company. It offers important trading features such as the MetaTrader trading platform, fast withdrawal and deposit methods, and low spreads and minimum deposits.
If you want to sign up with Exness forex company, you can access the company’s site by clicking the “Create an Account” button.
