Exness has earned a reputation as a go-to trading platform for hundreds of thousands of active clients, who, by April 2022, accounted for a massive trading volume in the trillions. Providing a wide array of assets - Forex, Crypto, Metals, Energies, and more, Exness caters to the diverse investment interests of its clients. With its multi-award-winning status, it offers an array of account types, thoughtfully curated to satisfy every trader's unique requirements.
Exness: Best Fit for Whom?
Ideally, Exness is designed for those with a basic understanding of the trading industry. The broker's resources are geared more towards enhancing your trading skills than teaching the fundamentals. Beginners are welcome, but they should be prepared to acquire basic knowledge from other sources. Experienced and intermediate traders, however, will find the array of account types and the MetaTrader suite exceptionally useful.
Regulatory Bodies Overseeing Exness
- Cyprus Securities and Exchange Commission (Cyprus)
- The Financial Conduct Authority (United Kingdom)
Key Features of Exness
Immediate Withdrawals: Exness takes pride in its instant withdrawal feature, which ensures quick, hassle-free processing of withdrawals, even on weekends.
Free VPS Hosting: To ensure fast and reliable execution, Exness provides free VPS hosting, safeguarding your trading activities from interruptions.
Detailed Price History: Exness grants its clients access to an exhaustive historical archive of all price tick data, drawn from real-time pricing. Visit the designated link, choose your instrument and time duration, and download a zip file comprising past bid/ask prices.
Impressive Trade Volume: Exness can confidently flaunt its significant trade volume - $2.105 trillion as of April 2022, thanks to its 281,270 active clients who collectively withdrew $870 million in the first quarter of 2022.
Transparency: Exness stands out for its transparent approach, being regulated by several organizations and publicly sharing its audits and performance indicators.
Compliance and Regulation of Exness
Exness is subject to regulatory oversight depending on its geographical location. Here are the governing bodies:
- Exness SC Ltd.: Financial Services Authority (Seychelles)
- Exness CY: Cyprus Securities and Exchange Commission (Cyprus)
- Exness UK: Financial Conduct Authority (United Kingdom)
- Exness ZA Pty Ltd: Financial Sector Conduct Authority (South Africa)
- Exness B.V.: Central Bank of Curacao and Sint Maarten (Curacao and Sint Maarten)
- Exness VG Ltd: Financial Services Commission (British Virgin Islands)
Please note that Exness does not operate in the USA and its territories, Vatican City, Marshall Islands, Puerto Rico, the U.S. Virgin Islands, and several other countries. Nationals of these countries may still trade with Exness if they reside in a permitted country.
Exness Pricing Structure
Exness does not charge management fees and allows free account opening (though your deposit will range between $10 and $200 based on your account type). There are no fees for deposits or withdrawals, but minor fees might apply for crypto payments, Perfect Money, Skrill, and USDT deposits.
Security and Reliability of Exness
Exness offers advanced account security tools to guard against hacking. These tools comprise security types and a support pin. Security types are additional account verification measures, while the support PIN is a unique code used to authenticate account owners when they reach out to customer support.
User Experience on Exness
The multiple awards and accolades won by Exness attest to its superior customer experience. Notably, it was the first broker to surpass $1 and $2 trillion benchmarks in monthly trade volume. Multiple trading platforms allow easy access to the broker, whether via mobile phone, web, or download, providing flexibility for home and on-the-go trading.
In conclusion, Exness has successfully carved out its niche as a dependable and diverse trading platform. It extends an impressive array of assets and features, catering to both novice and advanced traders. With a firm commitment to transparency and security, it instills confidence among its hundreds of thousands of clients. This, combined with its robust regulatory compliance and top-notch user experience, makes Exness a compelling choice for anyone embarking on their trading journey or looking to elevate their existing trading strategies.