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Writer : Gerhard Waters


💡 Forex Brokers 💡


- Forex Brokers - Exness is an online brokerage company founded in 2008 that specializes in forex and CFD trading. Headquartered in Limassol, Cyprus, Exness has grown into one of the largest brokers in the world with over 1.2 million active traders.


📖 Exness offers trading on over 2000 different financial instruments including forex, commodities, cryptocurrencies, indices, stocks, and ETFs. Traders can access over 40 currency pairs as well as CFDs on gold, silver, oil, natural gas, and major stock indices.

📖 The company is regulated by the Cyprus Securities and Exchange Commission (CySEC) and holds licenses from financial regulators in the UK, UAE, Singapore and several other jurisdictions. Exness aims to provide traders with competitive spreads, fast execution, and a transparent trading environment.

📖 In addition to trading services, Exness provides market analysis, trading tools, educational resources, and 24/5 multilingual customer support to help clients become successful traders. The company has won numerous industry awards for their trading conditions, customer service and overall reputation.

Trading Platforms (➕)

📖 Exness offers traders a choice of platform depending on their preferences and needs.

Desktop Platforms (➕)

📖 The Exness desktop trading platform is available as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms offer advanced charting capabilities, trading tools, and the ability to automate trades.

📖 MT4 is one of the most popular forex trading platforms. It provides fast execution speeds and allows traders to write their own Expert Advisors for algorithmic trading. The platform has a customizable interface so traders can arrange charts and tools to suit their workflow.

📖 MT5 is the newer multi-asset platform from MetaQuotes. In addition to forex, it supports trading CFDs on stocks, commodities, indices, and cryptocurrencies from a single account. The toolset is similar to MT4 but includes some enhancements like additional indicators and timeframes.

📖 Overall, both platforms are easy to use for beginners but have enough depth for experienced traders. Exness offers desktop platforms for Windows, Mac, and Linux operating systems.

Mobile Platforms (➕)

📖 Exness has mobile apps available for iOS and Android devices. The apps allow traders to analyze charts, place trades, and manage their accounts on the go.

📖 The mobile apps have a simple interface adapted for smaller screens. Traders can easily switch between multiple chart tools and trading instruments. The apps also support one-click trading and price alerts.

📖 While the mobile apps do not have the full capabilities of the desktop platforms, they provide the essentials for monitoring open trades and capitalizing on price movements. The convenience of mobile access complements the advanced functionality of the desktop platforms.

Key Features (➕)

📖 Some of the key features offered across Exness's trading platforms include:

- Advanced charting with over 100 indicators and overlays (➕)

📖 - Support for Expert Advisors on MT4/MT5 to automate trading

📖 - Available trade execution algorithms like Market, Instant, Request, and Exchange

📖 - One-click trading and trailing stops to easily manage open positions

- Customizable platform layouts and chart templates (➕)

- Price alerts and push notifications on mobile (➕)

- Integrated trading calculators and analysis tools (➕)

- Copy trading signals for social trading (➕)

📖 The platforms aim to provide a seamless trading experience for traders of all skill levels. The desktop platforms offer more advanced functionality while the mobile apps focus on portability and ease of access.

Account Types (➕)

📖 Exness offers several account options to suit traders with varying needs and experience levels. Traders can choose between the following account types:

Standard Accounts (➕)

📖 The Standard account option requires a minimum deposit of $1. Spreads start from 0.3 pips on major currency pairs. The maximum leverage offered is 1:2000.

📖 This basic account is suitable for beginner traders who want to start with a low minimum deposit. The average spreads are relatively higher compared to other accounts. The Standard account does not offer additional services like a personal account manager.

Pro Accounts (➕)

📖 Pro accounts have a minimum deposit requirement of $200. Spreads start from 0.1 pips on major forex pairs. Traders can get leverage up to 1:2000 based on their knowledge and experience.

📖 The Pro account offers lower spreads and comes with a personal account manager. The manager provides trading signals, advice and support. This account is ideal for traders seeking lower trading costs and some guidance.

Zero Accounts (➕)

📖 Zero accounts offer raw spreads from 0 pips on major currency pairs. A minimum deposit of $200 is required to open this account. The maximum leverage is 1:2000.

📖 This account type appeals to high volume traders seeking the lowest spreads. The zero spread account provides full direct market access with no commissions. It is suitable for expert traders who trade frequently.

ECN Accounts (➕)

📖 For ECN accounts, the minimum deposit amount is $100. Spreads start from 0.1 pips for currency pairs. Leverage up to 1:500 is available based on trading experience.

📖 ECN accounts have access to deep liquidity from a pool of providers. There are no requotes and orders are executed at the best available market prices. Traders pay a small commission per lot traded. This account offers the tightest spreads for high volume traders.

📖 So in summary, Exness provides accounts for all trader levels from beginner to expert. The options cater to varying capital amounts and trading needs in terms of spreads, leverage and features.

Fees and Commissions (➕)

📖 Exness offers competitive spreads and transparent, all-in pricing. There are no hidden fees or commissions.

Spreads (➕)

📖 Spreads at Exness start from 0.1 pips on the Raw Spread account for major currency pairs like EUR/USD. The table below shows sample spreads for different account types:

| Account Type | EUR/USD Spread | (➕)

| Raw Spread | 0.1 pips | (➕)

| Standard | 1.2 pips | (➕)

| Pro | 0.7 pips | (➕)

📖 Spreads are variable and may widen during news events or volatile markets. Overall, Exness offers tight spreads competitive with other brokers.

Commissions (➕)

📖 There are no commissions on trades except for stock CFDs, which have a 0.1% commission charged on each transaction.

Non-Trading Fees (➕)

📖 Exness does not charge any monthly account fees or inactivity fees. The only fees are transaction-based spreads and commissions outlined above.

Deposit and Withdrawal Fees (➕)

📖 Depositing money into an Exness account is free through most payment methods. Withdrawing funds incurs a small fee depending on the method:

- Bank wire transfer: $20 (➕)

- e-Wallets (Skrill, Neteller): 3% (➕)

- Debit/credit cards: 1.2% (➕)

📖 The fees are reasonable compared to other brokers. There are no fees for internal transfers between Exness accounts. Overall, the deposit and withdrawal fees are competitive.

📖 In summary, Exness has transparent pricing with no hidden commissions. Spreads are tight and decrease with higher account tiers. The only additional fees are small withdrawal fees depending on payment method. Exness is very competitive in terms of trading and non-trading costs.

Trading Tools (➕)

📖 Exness offers a comprehensive suite of trading tools to support traders in analyzing the markets and executing trades. Some of the key trading tools include:

Charting (➕)

📖 The Exness trading platforms come equipped with advanced charting capabilities. Traders can choose from multiple chart types including line, candlestick and bar charts. Numerous timeframes are available stretching from 1 minute to 1 month. Charting features also include a wide array of technical indicators, drawing tools and studies. Traders can fully customize their charts to suit their trading style.

Technical Analysis Tools (➕)

📖 Beyond charting, Exness includes a full set of technical analysis tools. Traders have access to indicators such as Bollinger Bands, MACD, Stochastics, Moving Averages and more. There are also specialized trading tools like the Correlation Matrix which shows the correlation between currency pairs.

Alerts and Notifications (➕)

📖 Traders can set up alerts and notifications based on price, indicators, news and more. This allows traders to get notified when certain market conditions are met without having to stare at charts all day. Alerts can be delivered via email, SMS or directly on the platforms.

Trading Signals (➕)

📖 For traders seeking guidance, Exness provides trading signals and recommendations from Autochartist and Trading Central. These third-party services analyze the markets using technical and fundamental factors to identify trading opportunities. Traders can follow the signals manually or have them execute automatically.

📖 The advanced trading tools provided by Exness give traders the market insights and automation tools they need to succeed. From customizable charts to alerts and trading signals, Exness equips traders with a complete technical toolkit.

Education and Research (➕)

📖 Exness provides traders with a wide range of educational resources and market research to support their trading journey.

Educational Resources (➕)

📖 Exness offers several educational resources for new and experienced traders. Their [Exness Academy](https://academy.exness.com/) provides free trading courses for different experience levels, including beginners. Courses cover technical and fundamental analysis, trading psychology, risk management, and platform tutorials.

📖 The broker also hosts regular live webinars and in-person seminars. These cover everything from trading basics to advanced strategies. Past webinar topics have included trend trading, scalping strategies, trading with Ichimoku clouds, and using Fibonacci levels. Seminars allow traders to learn directly from Exness experts.

📖 In addition, Exness provides an economic calendar of upcoming events, daily market analysis and forecasts, trading ideas, tutorials, glossary of terms, and more through their [Trading Tools](https://www.exness.com/trading-tools/) section. These help traders stay informed on market conditions.

Market Analysis (➕)

📖 For market analysis, Exness offers Trading Central's technical analysis reports and trade ideas. These include chart analysis, support/resistance levels, and trading signals for forex, indices, commodities, stocks, and cryptocurrencies.

📖 Exness also provides daily in-house market reviews, forecasts, and trade ideas from their team of analysts. These cover current market movements, economic data, upcoming events, and potential trading opportunities.

📖 Overall, Exness has a wide selection of trading education for multiple experience levels. Their market analysis helps traders identify trends and trading opportunities.

Customer Support (➕)

📖 Exness provides customer support through several channels including phone, email, live chat, and regional support centers.

📖 - Phone Support - Exness has toll-free phone numbers for over 15 countries including the UK, Australia, India, and Brazil. Support is available 24/5 in English, Chinese, Indonesian, Vietnamese, Thai, and Malay.

📖 - Email Support - Email support is available by filling out a contact form on their website. Responses are fairly quick during business hours.

📖 - Live Chat- The live chat support on Exness is available 24/7. Agents are friendly and knowledgeable. Wait times are usually less than a minute.

📖 - **Regional Support Centers** - Exness has regional support centers with local phone numbers and languages for Europe, Southeast Asia, China, and Latin America. This allows traders to get support in their native language and time zone.

📖 Overall, Exness provides stellar customer support through multiple convenient channels. Traders can get quick assistance on trading or technical issues at any time via phone, email or live chat. The regional support centers also cater well to international traders.

Security and Regulation (➕)

📖 Exness places a strong emphasis on regulation and security to protect client funds and data. The company operates with transparency and holds several licenses to ensure compliance with industry standards.

Licensing (➕)

📖 Exness is regulated in several jurisdictions to provide services around the world:

📖 - Exness Europe is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 178/12. CySEC is a reputable EU regulatory body that ensures brokerages adhere to strict standards.

📖 - Exness Limited is regulated by the Financial Conduct Authority (FCA) in the UK under license number 730729. The FCA is a leading global regulator known for robust requirements.

📖 - Exness AU Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC) under license number 417727. ASIC enforces high compliance standards in Australia.

📖 - Exness (SC) Ltd is regulated in Saint Vincent and the Grenadines under license number 25113 BC 2019.

Investor Protection (➕)

📖 Exness must follow capital adequacy ratios set by regulators to ensure the company has sufficient funds to compensate investors if needed.

📖 The broker participates in investor compensation funds that provide protection of up to €20,000 per client in the event Exness cannot fulfill financial obligations.

Fund Segregation (➕)

📖 Exness keeps client funds in segregated accounts at reputable banks, separate from the company's operational funds. This ensures trading capital remains secure and readily available for withdrawal.

📖 Traders' funds are also protected under investor compensation schemes in the jurisdictions where Exness holds regulatory licenses.

📖 Overall, Exness upholds high regulatory standards around security of funds and data protection, giving clients assurance when depositing money and trusting the company to execute trades. The broker's commitments to compliance and transparency provide a reliable trading environment.

Pros and Cons (➕)

Summary of advantages (➕)

📖 - Exness offers competitive spreads and low trading commissions. The spreads start from just 0.1 pips on major currency pairs.

📖 - The broker provides high leverage up to 1:2000, which allows traders to trade larger positions with less capital.

📖 - There is a wide selection of trading platforms to choose from including the popular MetaTrader 4 and MetaTrader 5. The platforms have advanced charting capabilities and trading tools.

📖 - Exness has excellent liquidity and execution speed thanks to its multiple liquidity providers and partnerships with top banks. Traders can expect fast execution even during volatility.

📖 - The deposit and withdrawal processes are smooth and convenient. Exness accepts a wide range of payment methods for deposits. Withdrawals are also processed quickly.

📖 - Excellent customer service provides 24/5 multilingual support through live chat, email and phone. The support staff is knowledgeable and responsive.

Summary of disadvantages (➕)

📖 - Exness does not accept clients from the USA, Canada, Israel and some other countries.

📖 - The standard account types have higher commission charges compared to ECN accounts.

📖 - There is limited access to some trading tools like trading signals unless you open a Raw Spread account.

📖 - Phone support is only available during business hours. After hours, only email and live chat options are available.

📖 - The broker's regulatory licenses are split between two entities which can cause confusion for some traders.

Final Verdict (➕)

📖 With over 15 years of experience, Exness stands out as a well-established and trusted forex and CFD broker. They offer competitive trading conditions, excellent trading platforms, and robust research and educational resources for traders.

Some key highlights of Exness include: (➕)

📖 - Tight spreads, with spreads as low as 0.1 pips on Razor account

- Fast execution speeds and high liquidity (➕)

- MetaTrader 4 and MetaTrader 5 platforms available (➕)

- No deposit or withdrawal fees (➕)

- Negative balance protection (➕)

- Regulated in several jurisdictions (➕)

📖 Exness is well-suited for beginner traders due to their free educational materials, demo accounts, and low minimum deposit requirements. The availability of micro accounts makes Exness accessible even for traders with limited capital.

📖 More advanced traders would appreciate Exness for their competitive spreads and execution speeds, especially on the Razor account. Automated trading is also supported.

📖 Overall, Exness presents an excellent option for forex and CFD traders of all experience levels. Their transparency, regulation, trading conditions, and technology make them a recommended broker to consider.