Exness is the world’s top-tiered forex broker that allows having the test of unlimited leverage in the financial market. Despite the facility, this broker has some reports of changing the leverage at any time. So, can we rely on Exness?

In the following section Exness broker review, we will see every detail of this broker so that we can define the effectiveness of the company with a neutral opinion.

Overview of the Company

The Exness Group was founded by a group of professionals in the area of finance and information technology in 2008.

Exness Group was developed at a massive speed in the past few years and became an industry leader. As per the recent data of December 2020, the monthly trading volume of excess reached 673.6 billion for more than 145,400 active traders around the world.

Exness Group is now offering trading under multiple regulations from different places with a vast number of available trading instruments including currency pairs, metals, cryptocurrencies, energies, indices, and stocks.

Regulation

Exness is a multi-regulated broker from different authorities. Therefore, traders’ accounts might experience a change in policy with the change in geographical location.

The regulation and geographical Exness’s offices are mentioned below:

• Nymstar Limited is a Securities Dealer registered in Seychelles with registration number 8423606-1 and authorised by the Financial Services Authority (FSA) with licence number SD025. The registered office of Nymstar Limited is at F20, 1st floor, Eden Plaza, Eden Island, Seychelles.
• Exness B.V. is a Securities Intermediary registered in Curaçao with registration number 148698(0) and authorised by the Central Bank of Curaçao and Sint Maarten (CBCS) with licence number 0003LSI. The registered office of Exness B.V. is at Emancipatie Boulevard Dominico F. “Don ” Martina 31, Curaçao.
• Venico Capital Limited is authorised by the Financial Services Commission (FSC) in BVI with registration number 2032226 and investment business licence number SIBA/L/20/1133. The registered office of Venico Capital Limited is at Trinity Chambers, P.O. Box 4301, Road Town, Tortola, BVI.
• Vlerizo (Pty) Ltd is authorised by the Financial Sector Conduct Authority (FSCA) in South Africa as a Financial Service Provider (FSP) with registration number 2020/234138/07 and FSP number 51024.

Account Types

Exness provides two account types- standard and professional. They focused on traders’ requirements like facilities more than the types of accounts.

Standard Account

The Standard account is available on both MT4 and MT5 platforms. Therefore, if you want to trade in the traditional MetaTrader 4 Platform, you can easily trade with this platform. Otherwise, for the advanced MT5 platform, there is room for starting to trade.
Other features of the standard account are mentioned below:

Professional Account

The professional account has three categories-

• Raw Spread
• Zero Commission
• Pro Account

Other features of a standard account are mentioned below:

Social Trading

Besides personal trading, Exness offer social trading through its website and mobile app. In the social trading app, investors can find traders with whom they want to allow trading. Moreover, if you are a consistently profitable trader, you can trade other people’s accounts as well.

Payment Options

During our review, we found a considerable amount of payment processors that are often not possible to find in other brokers.

Exness Deposit Option

Here is the list of deposit channels found on the Exness website:

• Bitcoin
• FasaPay
• NETELLER
• Perfect Money
• WebMoney
• Skrill
• Bank cards
• Tether (USDT OMNI)
• Bank transfer
• BPay

Exness Withdrawal Option

Exness requires the same withdrawal method for the deposited amount and for-profit you can choose any method from the below-mentioned link:

• Bitcoin
• FasaPay
• NETELLER
• Perfect Money
• WebMoney
• Skrill
• Bank cards
• Tether (USDT OMNI)
• Bank transfer
• BPay

Markets

Exness is suitable for portfolio diversification as traders can expand their investments in the forex, index CFDs, commodities, and cryptocurrencies.

Forex

You can enjoy forex trading with a maximum leverage of 1:2000. Moreover, its spread is floating and average compared to other brokers.

Shares CFDs

Exness provides CFDs trading on shares in most of the major companies in the world, including Apple, Microsoft, Facebook and others. During our review, we found the trading cost in shares satisfactory.

Cryptocurrencies

Some essential features of Exness cryptocurrency trading are mentioned below:

• Weekend trading in Bitcoin, Ethereum, Bitcoin Cash, etc.
• The opportunity of trading cryptocurrencies without any digital wallet.
• Ability to hedge on a single account.
• The available leverage of Bitcoin CFD is up to 5:1.

Trading Platforms

Exness provides trading services through MT4 and MT5 platforms that can catch trading requirements for all people.

Customer Support

Exness website is available in multiple languages based on the locality so that you can easily access and conduct with the broker.

Moreover, this broker has a huge section FAQ so that traders can see what the broker offers and how they can benefit from the broker. During our review, we found the FAQ section to be enriched.

The most convenient way to contact Exness is the live chat that is available 24/7. During our review, we found the Exness Live chat effective.

Pros and Cons (Exness Broker Review)

Summary

In summary, we can say that Exness multi-regulated forex brokers allow trading in many trading instruments.

Based on our Exness broker review, we found it is a trustworthy broker based on regulation and funds safety. However, the trading cost is higher and they change the leverage at any time. Overall, the functionality of multiple trading platforms, the availability of social trading, and various regulations may attract it an attractive platform.

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