Exness Review Including 2024 Spreads And Leverage Levels

We think this account is best if you know exactly which currency pairs you intend to trade. The Pro Account is much the same as the Standard Account but has instant execution instead of market execution. Instant order execution is available for assets across forex, metals, indices, energy, and stocks but not cryptocurrencies and is a good choice if you want greater control of your orders. Additionally, Exness equips traders with trend exploration tools, facilitating the analysis of market trends to identify suitable entry and exit points. Furthermore, traders can access instrument-specific insights, enabling them to make well-informed decisions based on the unique characteristics of each asset.

Account Minimum

We thought the interface for this terminal was very clean which made it super easy for us to navigate to find information related to the trading instruments and analytical tools we wanted to research. Another feature we liked is that you can set your stop levels by price, percentage or account currency. Unfortunately, Exness don’t offer PayPal, or xcritical and limits NETELLER and Skrill to Kenya which is surprising. If you’re just starting out as a beginner, the Standard Cent account could be a good option as it allows you to trade with smaller lot sizes (0.01). It’s important to note that values are also reflected in cents rather than dollars (or whatever the cent equivalent is in your account currency). No commissions are charged on Standard Cent accounts, however, be aware that since you are trading with micro-lots, spreads will be wider than with other accounts.

Commission and Fees

However, we found this app to be somewhere different from other apps we have seen as it kept information displayed about strategy providers to what you should care most about such as risk and profit rate. In other words, it does not bother with nice to have information such as stop loss, take prod and equity. If this sounds of interest, there are a few limitations that you should know about first before opening an account. Firstly, account currency types are reduced, and the range of assets you can trade is restricted to forex and metals, with a total of 36 instruments available. This account has zero pips spreads on the 30 most traded currency pairs for the majority of the trading day making it suitable for high-frequency and if you are using automated trading strategies.

How to open an account with Exness

We gave Exness a score of 50 out of 100 making them a decent choice for a Forex broker but unless you are located in an emerging market (like the Philippines, Malaysia or much of Africa), you can’t trade with them. With MT4 and MT5 trading platforms and spreads with instant execution, the broker’s most unique feature is their unlimited leverage. Exness distinguishes itself through an extensive range of tradable instruments, catering to diverse trader preferences and strategies. Traders can explore commodities, including precious metals, and energies, to diversify their portfolios.

Customer service and support

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. The Zero account, designed for market execution, provides zero spreads on top instruments for 95% of the day, making it suitable for expert advisors.

How many forex pairs does Exness offer?

These apps grant traders the flexibility to access their accounts, execute trades, and monitor market developments while on the move. Exness does not specify a minimum deposit requirement, allowing traders to start with an amount that suits their financial situation. However, traders should be aware of potential minimum transaction amounts set by their payment providers. It’s available for both iOS and Android, it has all the features you would expect of a mobile trading app. That is one-click trading and charts designed for the small screen, unsurprising the analytic tools are a bit more limited compared to the web version. The mobile version comes with TradingView charts integrated which is good especially as you can receive signals that TradingView will curate for you.

Unveiling a Cutting-Edge Trading Experience

  1. With MT4 and MT5 trading platforms and spreads with instant execution, the broker’s most unique feature is their unlimited leverage.
  2. These resources provide invaluable insights into market trends, trading behaviors, and instrument-specific details.
  3. On their Zero account, they have zero pip spreads for the top 30 currency pairs 95% of the time however, you will be charged commissions on both types of accounts in addition to the spread.

Both their official website and client support are available in 16 languages including English, Thai, Chinese, and Swahili. While Exness is regulated by various regulators, it’s only covered by one tier 1 regulator, the Financial Conduct Authority in the United Kingdom. Overall, we scored Exness well given the large amount of leverage available.

Lastly, the Raw Spread account, tailored for experienced traders, boasts ultra-low, stable spreads with a fixed commission per lot, no position limits, and market execution. 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 xcritical 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. Exness offers unlimited leverage, which for better or worse, is a clear differentiator that sets it apart from many other forex brokers.

Whether you are a novice looking to test strategies with smaller volumes or an experienced trader seeking ultra-low spreads, Exness provides a range of options to enhance your trading experience. If we ignore the quick of somehow downloading Pocket Option (which you are unlikely to https://xcritical.solutions/ come across in markets Exness actually accepts clients from) then we think the offering Exness have is quite decent. Not only can you choose between 3 quality trading platforms they also have a good social trading app that avoids the generic offering many brokers are creating.

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 accounts. When selecting a broker, traders will need to weigh up which aspects are most important to them. If you’re looking for the lowest cost and a greater degree of safety, it could be worth checking some competitors. Once your account is set up (it shouldn’t take long to process), you’re ready to make your first deposit (the minimum is $200) and then proceed to select the account type which works best for you. Additionally, Exness offers you details on the availability of their support teams across the globe and offers phone and email support, 24 hours, 5 days a week.

Their help centre also has some pretty good information which can answer some basic questions. 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. It also integrates with both MetaTrader 4 and MetaTrader 5 which is a big plus. Minimum deposits on Exness start from $10, but you’ll initially need to deposit $200 when first opening an account.

These distinctive features contribute to the overall positive experience of opening an account with Exness, making it an attractive choice for traders. On the flip side, it’s not great that they aren’t regulated by many tier 1 regulators such as in Australia, The US, the UK, and The EU but to be fair Exness doesn’t accept clients from these countries anyway. They’ve got a fairly limited range of markets and they’re missing some obvious options to fund your accounts. At the start of 2022, Exness launched its own developed social trading called Exness Social Trading. Like most decent social trading software, you will find a large range of strategy providers as well as a ranking system for the best copiers in the network and filters to help you find the people you wish to follow.

We are more comfortable recommending IC Markets since we have tested the broker’s standard spreads ourselves and so have proof this broker is one of the best choices. Additionally, traders can access supplementary resources such as FAQs, trading guides, and educational materials. Exness’ comprehensive approach to customer support reflects their commitment to assisting traders effectively and enhancing their trading experience.

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