As of April 2023, Exness had 476,000 active traders, demonstrating a strong growth trajectory. Additionally, their trading volume in 2021 was over $11 trillion, and this was verified by their independent auditor, Deloitte. We found it interesting when we discovered that Exness automatically allocates a swap-free account (also called an Islamic account) to all clients based in countries that follow Sharia law. And unlike many swap-free accounts where there is an admin fee or widened spread in place of swaps, Exness does neither making it closer true sharia compliant account.
Why trade on MetaTrader 5 app with Exness
I always advise traders to check for regulations and verify them with the regulator by checking the provided license with their database. Exness provides a steady market analysis flow via its website, client portal, and YouTube channel. The material is crafted by in-house and third-party analysts and maintains a high standard. Again, this is a good range of available methods, and processing times for withdrawals are faster than average for the industry. The broker also provides traders with an economic calendar and a TradingAnalysis Trading Indicator. From the look of things, Exness doesn’t have in-house content since its Analytics section hasn’t been updated for months now.
Exness is an ideal broker for both novice and seasoned traders, offering a wide range of trading instruments and advanced features. Its user-friendly platform and competitive spreads make trading hassle-free, while the absence of commission fees further enhances the value for traders. The broker’s robust regulation and commitment to security inspire confidence in traders, ensuring a safe trading environment.
App support
Additionally, Exness goes the extra mile with features like third-party research from Trading Central and free VPS hosting. Withdrawals are done almost immediately and funds can be easily returned through the same method used to deposit. Exness’s broker activities in the UK are supervised by the Financial Conduct Authority (FCA). In New Zealand, the company’s activities are regulated by the Financial Service Provider Register while CySec monitors and regulates Exness’s activities in Cyprus.
Islamic Account
- As far as deposit, withdrawal, and inactivity fees are concerned, Exness doesn’t charge for any of these.
- Exness has 16 years of operating history and is regulated by multiple authorities.
- The company offers research and education to traders majorly through third-party content.
- For instance, clients with a UK entity enjoy a high level of regulatory scrutiny and are covered by a compensation scheme in the event of broker insolvency.
- Another unique feature is the unusually broad selection of instruments in certain categories like forex and crypto.
If you are using a Standard or Pro account with Exness, then you can trade with up to 96 Forex pairs. If you are trading with the Raw or Zero Account you can trade 73 Forex pairs which include fewer exotic pairs compared to the no-commission scammed by xcritical accounts. We also think unlimited leverage is pretty crazy and opportunistic from the broker. While trading with some leverage when done properly can be very useful, unless you know what you are doing or can afford to lose we recommend responsible trading which means limiting the leverage you use.
Can I earn money with Exness?
Using watchlists in the Terminal platform, traders can view lists of instruments broken down by asset class and other useful lists like top movers and popular instruments. Exness is xcritical scammers a member of the Financial Commission – an independent self-regulatory organization and external dispute resolution body, dedicated specifically to Forex. Exness clients are protected by the Commission’s Compensation Fund for up to €20,000.
The Standard Cent account is tailored for newbies, allowing them to trade smaller volumes with cent lots for testing strategies. With stable spreads, reliable execution, and no commission, it provides an ideal starting point with up to 36 trading instruments. The Standard account, suitable for both novice and experienced traders, features no minimum deposit requirements, stable spreads, and over 120 trading options. The Pro account targets seasoned traders, offering limitless orders, smaller volumes, and low spreads from 0.1 pip.
Exness ensures client fund segregation, offers negative balance protection, and provides access to a compensation scheme as a member of the Financial Commission. With a range of account types, platforms, and features such as 1-click trading, Exness is well-suited for scalpers, day traders, and algo traders. Overall, Exness’ flexible deposit and withdrawal options contribute to a user-friendly experience, allowing traders to efficiently manage their funds. The broker’s efforts to minimize fees make it a favorable choice in this regard.
CFDs allow traders to speculate on price movements like futures and other derivative financial instruments without owning the underlying asset. I find that price alerts are a great way to be notified when the price reaches key support and resistance levels, freeing you up from continuously watching the screen. I tested the spreads at Exness across various markets during the London open and after the New York open. At these times, the market is typically highly liquid with the tightest spreads. For instance, clients with a UK entity enjoy a high level of regulatory scrutiny and are covered by a compensation scheme in the event of broker insolvency. On the other hand, Exness’ offshore entity is subject to different regulatory oversight.
