Currently, the name Exness is attracting more attention thanks to the benefits it brings to users compared to other exchanges in the market. The service here is also very reputable. So, what exactly is Exness floor? How to register on Exness and trade here? The above information will be provided in the following article.
What is Exness?
Exness is simply a broker that connects buyers and sellers in the vast forex market. Exness was founded in 2008 by a group of like-minded financial professionals from the financial and information technology sectors with registration number 21927 (IBC 2014).
Exness, owned by Exness Limited, is a multinational trading company. Exness is licensed and regulated by CySEC (Cyprus National Securities and Exchange Commission). Registration License 178/12. By December 2018, the monthly trading volume of clients at the exchange had reached $348.4 billion and the number of active Exness traders worldwide exceeded 50,342. Exness currently offers more than 120 trading instruments.
Is Exness exchange reputable or not?
To answer the question of whether Exness is reputable or not, we need to consider different factors and criteria. Here are a few important criteria that you should not ignore when evaluating the Exness.
License to operate
One of the things that distinguishes quality brokers from scam brokers is their certifications and licenses. With Exness, you can rest assured that the exchange is fully licensed to operate with a high reputation and security. Among them are some well-known organizations such as:
- The Financial Services Authority (FSA);
- Financial Services Commission (FSC);
- Cyprus Securities and Exchange Commission (CySEC)
- Financial Services Authority (FCA)… and some others.
During 12 years of operation, Exness has achieved many achievements to confirm its position in the market, such as “Best Trade Executions” award, “Best Order Management” award. best) and “Best Mini Broker” awarded by financial magazine in New Zealand.
Impressive trading volume of more than $1,587 billion, 269,692 trusted customers,… and many other important awards and achievements that Exness achieves every year have proven the capacity and position of the exchange. this.
Exness is one of the leading privacy and information protection organizations today. The exchange also complies with the regulatory guidelines of the financial authorities of the countries in which it operates.
Compensation Fund at Exness
The Exness Compensation Fund acts as insurance for the client. The Fund is funded by the Finance Committee by contributing 10% of the monthly membership fee. The Compensation Fund is payable only at the discretion of the Financial Commission and is limited to a maximum coverage of EUR 20,000 per client.
Products at Exness
Exness offers a wide range of trading instruments to choose from along with popular market trading products, each with their own unique features and potential, including:
- Currencies: 107 currency pairs. Exness offers 7 major currency pairs. 25 minor currency pairs and 75 rare currency pairs.
- Stats: 10 stats
- Stocks: 30 tickers including the most popular Exness stocks such as Amazon, Alibaba Group, Apple, eBay, Facebook, Alphabet, Google…
- Energy: Petroleum (2 codes)
- Cryptocurrencies: 7 pairs offering 4 major cryptocurrencies: BTC, ETH, LTC, XRP
- Forex currency: 10 tickers that offer four major metals: gold, silver, platinum and palladium.
As mentioned above, Exness does not offer too many products, but it is enough for investors to learn and trade. In addition, Exness also knows how to “please” its customers when offering typical product incentives such as cryptocurrency codes. All forex brokers currently offer cryptocurrencies, but few brokers support this product as well as Exness.
The first point to mention is the extremely high leverage ratio of 1:100 of BTC. This is comparable to crypto margin trading platforms like Bitmex. In addition, there are no swap fees when trading cryptocurrencies on Exness.
This is a huge advantage for those who play BTC because this currency pair fluctuates very erratically, even moving sideways for dozens of days. If you trade with other forex brokers, ICMarkets rollover is 20 USD/lot/night for both buy and sell and you will lose a decent swap fee as it is much higher than gold.
In addition, Exness also allows you to trade cryptocurrencies 24/7, just like traditional crypto exchanges (many exchanges combine crypto with forex tokens, so Saturday and Sunday) normally closed)
Exness trading platforms
Exness now offers a full range of trading tools for traders, including MT4, MT5 software and dedicated mobile apps, making it easy to trade wherever you want.
In particular, Exness has a very good security mode and if there is any abnormal activity on the account, customers may face difficulties because the exchange will temporarily lock the account to verify the source of funds. This is also intended to prevent the risk of account hacking, especially during a period of rapid growth in Internet transactions.
MT4 platform powered by Exness
- Supported pending order types: Buy Stop, Sell Stop; Buy Limit, Sell Limit; Take Profit, Stop Loss
- Support multiple timeframes: 9 standard frames
- Maximum leverage: 1: infinite
- Supported account types: Standard Cent, Standard, Pro, Raw Spread, Zero, ECN
- Programming language: MQL4
- Trading Instruments: Forex Pairs, Metals, Cryptocurrencies, Energy
MT5 platform powered by Exness
- Supported limit order types: Buy Stop, Sell Stop; Buy Limit, Sell Limit; Take Profit, Stop Loss; Buy Stop Limit, Sell Stop Limit
- Multiple timeframes 21 timeframes (standard and custom)
- Maximum leverage 1:2000
- Account Type: Standard, Pro, Raw Spread, Zero
- Programming language: MQL5
- Trading Instruments: Forex Pairs, Metals, Cryptocurrencies, Energy, Indices, Stocks
Looking at the information of the two types of software provided by Exness, we can see that there are some slight differences in terms of leverage, product, timeframe and programming language.
Also, if you want to trade stocks, remember again that you need to open an account using MT5 software to trade this product.
Basically, MT5 is considered an improvement over MT4 so it has the following advantages: Exness provides more than 38 built-in indicators, 22 analytical tools and 46 graphical objects for the MT5 platform. On the other hand, Exness MT4 currently only provides 23 analytical objects and 30 built-in technical indicators.
In addition, Exness not only provides 4 basic Limit Orders, but also 2 more types of Limit Orders on MT5: Buy Stop Limit and Sell Stop Limit. Of course, both MT4 and MT5 are supported by Exness for mobile devices with two operating systems, iOS and Android.
WebTerminal Trading Platform
The MetaQuotes web platform, WebTerminal, has all the basic features needed for efficient trading and works with all browsers and operating systems. This means you don’t have to download any software. It uses the same tools as MT4, so you can trade through your web browser.
However, they are only compatible with MT4 and Exness currently does not support WebTerminal for MT5. Therefore, you should be guided according to your own needs when choosing the right trading software. If you are a beginner and mainly trade forex currency pairs, metals or energies, then you should opt for the MT4 platform, which is user-friendly and easy to use.
On the contrary, if you want to trade stocks, indices and use different timeframes and limit order types, then MT5 is the perfect choice for you.
Social Trading Trading Platform
This platform was launched by Exness in March 2019, Social Trading – Social Trading is a popular but also brand new copy trading service that allows you to invest in the strategies of established traders. experienced. A trading service that is ideal for those who want to invest in the forex market but do not have the experience or time.
Getting started is easy. Just sign up for an account, find successful forex traders and copy strategies from them. If they make a profit, make a profit based on your capital ratio.
Exness account types
Exness broker has two main account types: Standard Account and Professional Account. Each account type has incentives to meet the different needs of investors.
Standard accounts include Standard and Standard Cent accounts. This is the most used account and is suitable for most users. The minimum amount required for a user to deposit is just $1 and there are no fees. The standard account is great for users who want to experiment.
Pro accounts include Raw Spread, Zero and Pro. With a minimum deposit of $200, this account type is suitable for experienced, professional investors. The advantages of the pro account type are extremely low spreads even without spreads and fast execution speed. At this point, we can confirm that Exness is not a scam platform. If the exchange has a full operating license issued by a major financial authority.
|Account Type||Standard account||Professional account|
|Standard||Standard Cent||Raw Spread||Zero||Pro|
|Spread||From 0.3 pips||From 0.3 pips||From 0.0 pips||From 0.0 pips||From 0.1 pips|
|Lever maximum||1: unlimited||1: unlimited||1: unlimited||1: unlimited||1: unlimited|
|Trading tools||all 6 products||Forex, Metals||all 6 products||all 6 products||all 6 products|
|Maximum number of open orders||Unlimited||1000||Unlimited||Unlimited||Unlimited|
|Order Matching||Market||Market||Market||Market||Instant and Market|
Regulations on fees at Exness
Of course, to learn more about an exchange, in addition to the elements of the platform, trading products, … we also need to pay attention to the regulations on transaction fees here. If you are wondering about forex brokers, the factor of transaction fees at Exness may convince you/
Leverage provided by Exness
Exness is also one of the most reputable forex brokers with the highest leverage today. MT4 account has Level 1: Infinity. On the other hand, the trading account with the MT5 platform will be 1:2000.
Again, this is a point where Exness not only “plays big” but also understands the psychology of Asians in general and Vietnamese people in particular. With this attractive leverage, Exness attracts a large number of traders of different age groups to trade. The maximum leverage that Exness offers is 1:infinite, but be aware that there are different leverage levels depending on the product type and deposit amount.
So with a deposit of less than $1000 you can enjoy 1: infinity leverage. With deposits from $1000 to $2999, the maximum leverage is only 1:2000. If you deposit between $3000 and $9999, you will only get 1:1000 leverage.
This means that the more money you deposit, the lower your leverage. In addition, many individual products also have different levels of leverage, such as:
Cryptocurrency pool leverage is fixed at 1:100 for BTCUSD, BTCKRW and BTCJPY pairs. LTCUSD, BCHUSD, ETHUSD and XRPUSD pairs are 1:20. Equity leverage is fixed at 1:20
Index leverage is fixed at 1:100
Spreads provided by Exness
Exness offers very comfortable spreads. Especially with the Zero Spread account type, you can enjoy zero spreads 95% of the time trading on 30 different instruments. In fact, this is a very competitive spread that currently only some brokers like Exness can do.
Commission fee provided by Exness
Fees charged by Exness in Zero Spread and Raw Spread accounts start from $7+, Raw Spread has a fixed commission, can be higher for Zero Spread accounts depending on the product.
Exness exchange overnight fee
Swap Fee – This is the fee for an investor to hold a position overnight. However, Exness has decided to remove swaps for most trading instruments including major currency pairs, stocks, cryptocurrencies, indices and gold. This is also a great advantage that Exness has.
Regulations on depositing and withdrawing at Exness
What is Exness? Is it easy to deposit and withdraw money into Exness? After learning about Exness Exchange, users will be amazed at the super fast deposit and withdrawal speeds.
Unlike many other exchanges, you can withdraw money to your account even on non-trading days like Saturday and Sunday. Since Exness has built an automatic payment system, they will not ask for approval like other exchanges.
Exness exchange allows you to withdraw money to your wallet through channels such as internet banking, bank accounts, credit cards, debit cards, e-wallets, e-wallets.
The best part is that Exness does not charge any deposit/withdrawal fees, except for Skill Wallet withdrawals. Deposits and withdrawals at Exness are very fast, taking only 3-5 minutes.
Customer Service at Exness
Exness customer service has always been focused on improving the user experience. Exness supports customers in 13 different languages including Vietnamese. They always welcome and advise customers with the most professional, welcoming and dedicated attitude.
However, customer service in Vietnamese is only available Monday through Friday, and on weekends communication is only available in English and Chinese.
Channels used by Exness to support customers include:
- Live chat on site
- Hotline: 18004974 – (+84) 2581956
- Email: [email protected]
Advantages and disadvantages of Exness
Let’s learn about the existing advantages and disadvantages of Exness so that we can better understand this exchange.
- Registration time, quick confirmation and easy review process only takes about 20 minutes.
- High security with attractive commission offers.
- Withdrawal and deposit speeds are quick and easy. You can also conduct transactions and payments at home on Saturday and Sunday.
- Very low deposit only $1. High leverage ratio.
- There are many different connection channels.
- The customer care team is professional and enthusiastic Vietnamese.
- Spreads widen as the market fluctuates
- Not much action
- Commercial products are enough, not rich
Questions related to Exness
Join us to answer a few questions related to Exness exchange to better understand the nature of the exchange and help investors participate more effectively.
Exness of which country?
Exness exchange has many years of operation in the market. Headquartered in Cyprus, Exness has offices in many countries around the world, including the UK, South Africa, Seychelles, Curacao and the British Virgin Islands.
Is Exness a scam or not?
This is probably the most asked question right now. Exness is one of the most reputable forex brokers today and is also fully licensed by major financial authorities in the world, controlled in detail and extremely transparent. According to the information we have learned, there is no information about players being scammed at Exness since its establishment in 2008 until now.
What is the minimum amount users need to deposit into Exness?
Exness’s minimum deposit regulations are known to be quite different. For each account type, there will be a certain rule. For a standard account, the minimum deposit depends on the payment method, but is usually $10. For a professional account, investors must deposit at least $200 into their account.
How long is the withdrawal time at Exness?
Withdrawal time depends on the withdrawal method. From 1 minute to 72 hours. However, most transactions are processed quickly within 24 hours depending on the geographical location of each person.
How to trade at Exness
To be able to start trading on the Exness exchange, you need to follow the simple steps below.
Step 1: Sign up for an Exness account.
Step 2: Deposit money into your account.
Step 3: Login to your account on MT4/MT5
Step 4: Complete your transaction.
With the above information, we hope that you will get useful and quality information to trade effectively with Exness. This will definitely be a perfect choice for investors, especially new and inexperienced investors.