Exness Review: Is Exness Scam or Legit Forex Broker[ Expert Reviews]

Mar 3, 2021 8:17 PM ET

iCrowdNewswire   Mar 3, 2021  3:17 PM ET

Exness.com was established in 2008 in Seychelles. Now they are headquartered in 3 places, UK, Cyprus, Seychelles. However, exness is kind of an online forex agent.

A few years after publishing the website, they gained a monthly trading volume of more than $180 billion US dollars. Also, they achieved 15,000 new investors each month.

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They support platforms of MetaTrader 4, MetaTrader 5, and MetaTrader mobile forex trading. You can trade here with 110 currency pairs, including gold, silver, bitcoin, oil, or other cryptocurrencies.

It is now considered that the exness group has become the high demand forex trading site for high qualified services. Exness has been gaining market share from other top brokers and achieved new milestones.

In this exness review, we will show you, is exness a legit or scam site, what it is, exness, advantages and disadvantages of exness, how to deposit or withdraw, features of exness, trading platforms, and many more things.

Let’s make a move!

What is Exness

Exness group now has three headquarters in the UK, Seychelles, and Cyprus. It is a global brokerage firm that provides traders with financial services and investment solutions.

Trader says that are tailor-made, which the group offers. The exness group has been operated under the FCA and CySEC authorization.

The group declared the end of its UK and Cyprus organized local services on 28th October 2019. Now exness works under Seychelles, and its Nymstar auxiliary, and keeps on growing.

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In December 2019, it completed 72,721 dynamic brokers universally, with a month to month exchanging volume of $325.8 billion.

The exness group has achieved many awards for being the retail broker and offering the latest and reliable trading service.

This group also supports the MetaTrader mobile platform and MetaTrader 4 web terminal. The exness.com supports 18 different languages. Also, they keep 100 other currencies.

So, people from all over the world can invest here without any problem. It is accomplished that the exness group has over 10,000 active traders and posts key performance indicators on its website.

Features of Exness

It is now considered that exness provides a large number of impressive features. Some of them are listed below.

Negative Balance Protection

Traders utilizing influence may stress their own risk should be shutting a position to bring about a negative equilibrium in their exchanging account.

In these cases, Exness constantly resets the broker’s record balance back to nothing. There is no commitment to store more funding to cover the negative equilibrium.

Instant Deposits and withdrawal

Exness immediately proceeded with the deposits and withdrawal. You can also transfer money on the internet directly. Traders have full control over their money 24/7.

Free VPS Hosting

Traders can also enjoy free VPS hosting from the exness. If you deposit over 500$, then you can enjoy this service.

Social Trading

You can download the social trading app from the website. It will only be shown after you log into a social platform.

Flexible Leverage

You can have access to margin trading. Because of ESMA restrictions, the highest obtainable leverage for European clients is 1:30, but the traders can choose from several smaller increments like 1:2 or 1:10.

It depends on the instrument being traded. But the foreign clients have no limit on the leverage.


Exness

Exness Trading Platforms

Exness supports three MetaTrader platforms, which are MetaTrader 4, MetaTrader 5, and mobile trading apps. Meta quotes software company developed these MT platforms.

The best trading platform for technical traders is MetaTrader. Globally it is so renowned. You can download and install MT4 in just 2 minutes.

Features of MetaTrader 4 platforms:

  • You can track the price indicators continuously.
  • It has 30 built-in indicators.
  • It can execute market types instantly.
  • MQL4 auto trades the funds.
  • You can download and install in windows, Linux, mac, android, and ios.

Features of MetaTrader 5 platforms:

  • It is accessible to 21 frames.
  • It has 22 analytical tools and 38 built-in indicators.
  • MQL5 has developed an automated system.
  • It has a built-in economic calendar and news events, which will help to access the fundamental analysis.

Mobile Trading Platforms

You can also use MetaTrader 4 and MetaTrader 5 platforms on your android or ios device. From the google play store or the official website, you can download it.

 It’s also available on the apple store. There are so many impressive features on the software like quotes, charts, an economic calendar, news, etc.

Pro Tips==>> 95% of Forex traders fail – Find out how you can be one of the 5% that succeed. ==>>

Management and Safety of Exness.com

Exness.com is a good option for choosing a broker company that you will invest in the long term. Traders need to consider the company’s trading conditions, and another thing to consider is whether a company is authorized, organized, and licensed to work.

A licensed trading company must comply with regulatory requirements. This is intended to protect the interests of traders.

Traders’ capitals will remain isolated from corporate funds, and negative balance will be protected. Exness also announces financial reports on its website. Deloitte publishes the statements.

Deloitte is a big four accountancy firm that works as an inner-directed external auditor. Deloitte supports that the information they preserve are not endorsed audits, and in case they do not follow International Standards on Auditing.

Easy Deposit at Exness

Terms and Conditions of Exness.com

However, there are some terms and conditions to which a trader has to agree. Without accepting the regulations, no one can create an account.

Here is a list of terms and conditions to which a trader has to agree.

  • The trader has to agree with the regulation that Exness can use traders funds at its preference.
  • The Exness group can use the funds on interest-bearing accounts to take all the profits gained from it.
  • They can collect your data. By registering, you will agree that they can contain your data as their preference.
  • They can use your data. Although they said they only use it to verify your contact information and identity.
  • They can provide your data to third parties. But only if the law sends a formal request to them.
  • Use of cookies. The exness.com will use your cookies to compromise the website according to your device.
  • By accepting the terms of their privacy agreement, you will allow them to use the information they received from you via email, including various ideas, methods, marketing designs, etc., without provoking any additional responsibilities, your data will remain safe.
  • They can analyze your internal messages.

Does Exness a Legit Platform or a Scam?

Commonly, most of the traders will doubt that there is an existential scam or legit? It’s the most important rule for a trader to research the platform before you invest them.

You have to identify whether they are organized or directed by an authority or are on their own. Generally, companies that are not managed or controlled by the head should not be trusted.

The exness group is organized and directed by the authority of CySEC and the FCA. Moreover, negative balance protection is also available.

The balance of the trader will be kept in separate accounts, and annual reports are also available. Regulated companies like the exness group make sure the security of traders funds from hackers and unethical activity.

So, the exness group seems to be legit.

Advantages and Disadvantages of Exness Group: (Exness Pros and Cons)

Everything has some pros and cons. No matter how good it is. Thus, exness also has some pros and cons which you should consider.

Pros:

  • There are so many categories of account, including mini, classic, ECN, and Islamic.
  • It supports over 100 currencies.
  • Substantial ranges and low minimum balances reduce financial commitment.
  • Extremely organized and compliant with regulators, which are FCA, CySEC, and others
  • A fixed array of financial tools including over 120 forex pairs
  • They provide outstanding customer service. They can be reachable through email, phone, live chat, and more.
  • They isolated the client’s fund.
  • Fast digital account opening
  • There is also a practice site for a demo.

Cons:

  • A tiny number of instruments when contrasted with its rivals.
  • Support for European clients who capped at 1:30

Trade US Oil on Exness

Exness Customer Care Support

Undoubtedly, exness has the best customer care support than any other. The customer care support section is available for 24/7 days. You can contact them by sending an email, telephone, or live chat.

If you don’t know English well, you won’t have to worry about communicating with you within English, Chinese, and 11 other languages.

Their contact information is given below:

  • Address: Nymstar Limited, F20, 1st Floor, Eden Plaza, Eden Island, Seychelles
  • Email: support@exness.com

Are You Protected On The Exness?

Due to operational patterns are set according to the requirements and customer protection, money discrimination, and participation in investor compensation fund or scheme.

The EEA registration and the provision of services on a cross-border basis are performed by authorization from cross authorities within Europe, making Exness operation standards highly reasonable.

What are the Methods of Deposit and Withdraw of Exness?

You won’t be charged if you make any deposits or withdrawals. Depositing on the exness is so easy. Here are some methods you can follow.

  • Credit/Debit Cards: If you want to invest here, you can use credit or debit cards. Also, you can use VISA and Mastercard. But if you’re going to deposit through the card, then the minimum deposit will be $3.
  • Bank Transfers: Here, you can use bank transfer also. But if you do a Bank transfer, then the minimum deposit would be $50. Otherwise, the minimum deposit is only $1.
  • E-Wallet: There are so many e-wallets such as Neteller, Skrill, Perfect money are accepted. The minimum deposit for an e-wallet will depend on which plan you choose.

Exness Reviews – Our Verdict

After the in-depth exness review, it’s time to wrap it up.

Exness is regulated and licensed by CySEC and FCA of the UK. Exness has recently claimed that they have more than 80,000 active traders on the website. So, we can trust that exness is reliable.

Moreover, exness has some additional key trading features which make this site more user friendly.

Hence, we recommend doing some research before making any investments because new traders can fall into traps and lose their money.

==>> Pro Tips: Looking for a Highly Rated Forex Signals Provider? Sign Up With Exness.com ==>>

The FAQs about Exness Trading Broker

How Reliable is Exness?

Exness is indeed very reliable. They have forex regulations, including FCA and CySEC, which prove their reliability. However, they have a large number of investors who are investing in their website. So, it can be reliable.

How long does Exness withdrawal take?

The withdrawal or deposit process of exness usually takes 5 minutes to complete. It depends on your internet connection.

If you have poor internet, then it will take 5 minutes. Otherwise, it only takes 1 minute to complete.

Is Exness regulated in South Africa?

Well, before 2021, Exness was being regulated in different countries. But it was not held in South Africa. However, Exness is now regulated in South Africa.

Which means they are being regulated with FSCA. They are also controlled with Tier-1 regulator FCA in the UK.

Where is Exness located?

Exness has its headquarter at 1, Saifi Street, PORTOBELLO, Office 401, 3042, Limassol, and Cyprus. For 24/7 customer care service, they have local branches in many other countries like England, Thailand, or Malaysia.

Exness is located in 3 countries, which are Exness VC, Exness CY, and Exness UK. Their headquarter is located in Cyprus, and other working branches are placed in England, Malaysia, and Singapore.

If you want to communicate with them, then simply visit this link https://www.exness.com/support. You can either call them or chat live on their website. Also, you can mail them.

How Exness Generates Revenue?

Mainly exness generates revenue through spreads, swaps, and commissions on some tradable asset rates and commissions on some trading accounts.

What is the minimum deposit of Exness?

The minimum deposit of Exness is now 1$, which is the lowest minimum deposit than the other companies.

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