Exness Review: Minimalism at its peak
Exness brokerage is an international company with over ten years of experience in the field of finance and data technology. It was endowed in 2008 by The Exness group.
The firm doesn’t shy away from the discussion about legality. They specifically have a page about it on their website. They are based in the Netherlands and are legally regulated and licensed by multiple sources, including the FSA, FSCA, CySEC, and FCA.
The Broker is very minimalistic when it comes to account types. With Exness you have the option of a standard or a professional account, which has multiple categories to choose from. With Exness you can trade indices, energies, currency pairs, metals, and cryptoсurrencies.
In terms of standard Exness accounts, you get the following features. A minimum deposit of $10, The maximum leverage of 1:2000, spreads starting from 0.3 and you get up to $3.5 in commission per lot. The minimum lot size is 0.01. It’s noteworthy to mention that the number of your positions is unlimited. The margin call goes up to 60 percent while the stop out is at 0%. The minimum deposit for traders in Vietnam is $15.
There’s also a standard cent account. This is the same thing with few key features like the maximum lot size being 200 and the maximum amount of positions being 1000. If you use MetaTrader4 the leverage for both types would be 1:unlimited.
In terms of a professional account, one gets the option of a Pro, Zero, and a Raw spread. Each of the three categories is constructed for different kinds of traders. According to multiple Exness reviews on the internet undoubtedly one can find an account type that perfectly fits one’s needs. The commission per lot for the first two types goes up two 3.5 dollars. A lot of the features are widely accessible for everyone, for instance, the minimum lot size is 0.01 for all accounts. The margin call goes up to 30 percent and the stop out is at 0%
The minimum deposit for all professional accounts is $200, much like the standard account, the leverage goes up to 1:2000. Also similar to the standard account you have access to all the previously mentioned assets. Exness Forex broker offers MetaTrader 4 and Metatrader 5. If you use MT4, the leverage is 1:unlimited for all types. There are slight differences between these categories as well depending on which platform you are going to use to trade with. But to be honest, the only key difference with a Pro type is that there is no trading commission and the spreads start from 0.01.
Exness doesn’t charge any deposit or withdrawal fees and they can be completed round the clock. But some of the payment systems they have in place do require some percentage of your capital due to their policies, Exness can’t do much about that. The brokerage does not accept direct payments or payments to third parties. As of now, the company has added WebTerminal as a third platform option.
We could not complete our exness review without highlighting a distinguishing feature of the Forex broker which is the multilingual customer service. In total, they offer assistance in 15 languages. Needless to say, Exness has a great media presence. They use a variety of platforms to promote their affiliate and broker programs. They strive to give you more information about the industry, this is why they offer multiple courses on the matter.