Introduction
Exness is a leading international broker, providing trading services in more than 120 countries around the world. It is headquartered in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC). The company offers a wide range of tradable assets, including forex, metals, energy commodities, indices and cryptocurrencies. It also provides a choice of trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as its own proprietary platform. In this Exness review, we will take a look at the key features of this broker to help you decide if it is the right choice for your trading needs.
What is Exness?
Exness is an online broker that offers forex and CFD trading. The company was founded in 2008 and is headquartered in Cyprus. Exness has a wide range of products and services, including a variety of account types, a demo account, 24/5 customer support, and a mobile trading app. Exness is regulated by the CySEC and the FCA.
Exness Pros
Exness is a reliable and trusted broker that has been in the industry for over a decade. They offer a variety of assets and instruments for trading, as well as several account types to choose from. The company is also regulated by multiple financial authorities, which instills confidence in their services. Overall, Exness is a great choice for both beginner and experienced traders alike.
Exness Cons
Exness is a great broker with a lot to offer, but there are some cons to consider as well. Here are the biggest drawbacks of trading with Exness:
Minimum deposit: Exness requires a minimum deposit of $200, which may be too much for some beginning traders.
Lack of education resources: While Exness does offer some helpful educational resources, they are not as comprehensive as what other brokers offer. This can make it difficult for new traders to learn how to trade effectively.
High spreads: Spreads at Exness start at 3 pips, which is higher than average. This can eat into your profits if you’re not careful.
No US clients: Unfortunately, Exness does not allow US clients to open accounts. This is due to regulatory reasons and is beyond the broker’s control.
Exness Traders Ratings
There are many different aspects to consider when rating a Forex broker. In the case of Exness, traders can rate them on several different criteria including customer service, deposit and withdrawal options, trading platforms, and spreads.
On the whole, Exness seem to have positive ratings from traders. Customer service is generally good, with quick responses to queries and a helpful attitude. Deposit and withdrawal options are also good, with a variety of methods available. The trading platforms offered by Exness are also well-rated, with both MetaTrader 4 and 5 available. Spreads are reasonable, although they can be higher than at some other brokers. Overall, Exness appear to offer a good service for Forex traders.
Conclusion
Overall, we found Exness to be a reliable and trustworthy broker. They offer a wide range of products and services, and their customer support is excellent. However, there are a few things to keep in mind before signing up with them. Make sure you understand their fees, as they can be quite high for some products and services. Also, be aware that their platform is not available in all countries. But if you’re looking for a reputable broker with good customer service, Exness is definitely worth considering.