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Exness has been in the business for so long now, and has proven itself as one of the leading and credible brokers in the market. I was first a regular trader and then became an IB after 1 year. Quick execution, low spreads, and fast withdrawal make this broker a top choice for many. But recently, I’ve been having problems withdrawing money from my account. Every time, they ask me for documents to verify my identity. My account is fully verified, so I don’t understand why they have to ask me for verification.
With this, the investors get all the freedom to have control of their funds 24/7. The Social Trading mobile app is a platform that allows investors to replicate active traders to profit from profitable transactions. Although Social Trading does not come with its trading platform, it acts as one when investors copy deals. A Standard account offers a great amount of experience in trading, including risk control. As stated earlier, this account is suitable for new traders as only the minimum deposit of 1 USD is required to open it.
It’s a shame, I really like their execution speed, and I don’t think I’ve ever experienced requotes or slippage. But it’s very important that I get my money whenever I want to, without having the need to supply documents. The Seychelles Financial Services Authority（FSA） is an autonomous regulatory body responsible for the non-bank financial services in Seychelles.
Exness does not share information about other restricted countries for some reason, even via client support live chat, as they claim this is internal information http://jasminmobile.com/news/range-chart-explanation-and-example-strategy.html. However, when you register you will be asked which country you are residing and at this point you will be accepted or declined. Exness does offer, and somewhat encourage traders to try out their demo if you are a new trader, before moving to a live account. This is always a good gauger to see if a broker’s trading conditions fit your expectations as well as your trading style.
But in 2017 when I switched to ECN, everything was fine. Spread 1-2 points, use stop orders and slippage disappeared. Yes, the output hooked up, so now the money to Yandex for a couple of minutes to do. The minimum deposit requirement differs from one method of transaction to another. CashU, EXCARD local payments, PayWeb, Ukash, internal transfers and WebMoney attract minimum deposits of $1.
Commissions & Spreads
It has established itself as reliable and not overloading the hardware. However, there is a lack of orders and flexibility of timeframe settings. Exness is one of the leaders by the number of offered account currencies – over 60. In particular, if the account is opened, say in Mexican peso, and you deposit money in peso, you will not lose on conversion of peso into dollars. This is the longest procedure, but without it you will not be able to fully trade.
This category of people always make conclusions which sometimes don’t even have basis. Speaking in terms of market innovation, we can say that Exness has always preferred to keep things the old school way. They are yet to adapt the concept of social networking in Forex trading. Only recommend Raw Spread account, smooth trading, relatively narrow Spread, overall it is excellent.
This brokerage firm provides customers with complimentary trading on the MetaTrader 4 and MetaTrader 5 platforms, which they get access to after registering on the broker’s platform. The benefit of this approach is that the trader may access the same terminal capabilities as he would on a genuine account. Exness offers traders the largest potential leverage, up to and including infinite. Inexperienced traders may view increased leverage as dangerous. However, seasoned traders believe there is no risk in trading with increased leverage.
- This means that at all times, Exness must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
- Facilities like this prove that Exness is helping you become good at online trading, and it is a legit forex forum for you.
- Powerful features of the platforms bring the capability to trade effectively along with the secure environment and all trading styles accepted.
- Exness offers much lower returns for brokers on smaller accounts.
- The deposit could be lower because there is no Exness minimum deposit requirement.
If you use Microsoft Windows tablets or phones you will also need to check if the Pepperstone and Exness have trading apps that are compatible. Let’s see how Pepperstone vs Exness compare side by side for commissions and fees. You should receive plenty of notifications warning you about any potential deadlines and you can make a decision to act accordingly, continuing to use your account or closing it.
Over 120 currencies as well as gold and silver can be traded as CFDs. This further highlights that only traders with access to alternative resources will benefit from the broker’s prodcut portfolio and offering. Exness offers the choice between three unique trading account types that offer different advantages and features.
Their account managers, although sometimes pushy, were really committed to helping me. So the account manager assigned to be, an Indonesian, enticed me into opening an account with them. I made $560 in just 4 days of trading, and decided to withdraw it.
At the moment, Exness is not actively advertising bonus programs. In this way, the company is supporting the requirements of forex market regulators, which demand abandoning of such methods of increasing customer activity in many countries. Overall, we find the customer support of the broker of rather high quality.
Besides that, Exness also features very advantageous trading features alongside these instruments. Trading terms and conditions are also pretty impressive at Exness. Pepperstone is a regulated ECN-type Forex broker with high maximum leverage, a very decent product portfolio and excellent trading conditions. No other financial products are available for trading at this point of time, but the large selection of currency pairs is a great plus. Any trader being interested in trading the Forex market exclusively should give Exness a go.