Can the Exness broker be your preferred forex broker? Find the answer below?
If you want to trade forex, you need a broker without exception. Why? Because working with a forex broker increases your profit opportunities. Forex brokers can also provide access to a trading platform where you can buy and sell a variety of foreign currencies.
Choosing to work with a forex broker is one of the best decisions a novice trader can make. Brokers help learn and better understand the forex market.
Yes! look for it which is always the first question. The second question, how to find the best forex broker? What criteria should be considered in choosing a forex broker for trading, and many more.
Exness broker is one of the most trusted forex brokers who can help your forex trading. Because Exness Group has developed at an impressive rate, and is recognized today as an industry leader.
By December 2019, Exness Broker clients’ monthly trading volume reached 325.8 billion USD and active traders around the world surpassed 72,721. Currently the Exness Group offers a wide range of financial instruments, including currency pairs, metals, cryptocurrencies, energies, indices, and stocks.
Here 8 things traders should know about Exness Broker.
1. Exness Broker Founded in 2008
The Exness Group was founded by a group of like-minded professionals in the area of finance and information technology in 2008.
2. High Level Service
Exness official website has been localized into 15 languages and Exness offer client support in 13 languages, including 24/5 support in 11 languages and 24/7 support in English and Chinese. Exness broker give traders exactly what they seek: constant improvement, new opportunities to explore the financial markets, and the opportunity to work with a recognized leader in the financial industry.
Exness Broker is also audited by Deloitte. Deloitte is one of the Big Four global auditors and the largest professional services network in the world, Deloitte provides auditing, risk management, financial advisory, and many other services.
3. Exness Broker Regulation
When selecting a company for a long-term partnership, a trader should consider the company’s trading conditions. Additionally, they must also consider if that company is legally regulated and licensed.
1. Financial Services Authority (FSA)
Nymstar Limited is a Securities Dealer authorized and regulated by the Seychelles Financial Services Authority (FSA) with license number SD025. View more information here.
FSA is the autonomous regulatory body responsible to license, regulate, enforce regulatory and compliance requirements, monitor and supervise the conduct of business in the non-bank financial services sector in Seychelles.
Nymstar Limited operates under this website for the provision of services to selected jurisdictions outside the European Economic Area (EEA).
2. Cyprus Securities and Exchange Commission (CySEC). Exness (Cy) Ltd is a Cyprus Investment Firm, authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 178/12.
3. Financial Conduct Authority (FCA). Exness (UK) Ltd is an Investment Firm, authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom under the Financial Services Register number 730729.
4. Margin And Leverage
At Exness Broker, you can select the level of leverage that suits you. Margin and leverage levels are dynamic and react to the level of equity in your account, holidays, weekends and economic news.
5. Easy to Open an Account
Exness have put together a simple guide on how to get Exness account up and running in 5 simple steps.
- Step 1: Register and open an account
- Step 2: Verify your profile
- Step 3: Make your first deposit
- Step 4: Learn all about our trading terminals
- Step 5: Start Trading
6. Deposit and Withdrawals
Exness Broker provide a great variety of payment methods to make your trading day easier. Exness only accepts payments from accounts in the client’s own name. Payments from third party accounts are not accepted.
Once you have chosen the payment method, it is time to decide how much to deposit. Minimum deposit requirements based on account type. Exness have some minimum deposit requirements for certain account types.
Minimum deposit requirements based on chosen payment method: Some payment methods may have some minimum deposit requirements.
Leverage and Margin: Since margin for the trades you open will be held based on your chosen leverage, it is a good idea to check if the amount deposited is sufficient to open trades based on your current leverage setting. You may use our Trader’s calculator to calculate margin.
The vast majority of withdrawals are instant and typically, you receive the money within seconds. The term instant indicates that a transaction will be carried out within a few seconds without manual processing by our financial department specialists. If in any case the stated deposit or withdrawal time is exceeded, Exness Broker support team can help you.
7. Platform Trading
When you start trading forex with Exness Broker, you’ll use MetaTrader 4 (MT4) or MetaTrader 5 (MT5), which are the most popular forex trading platforms in the market.
If you open a MetaTrader 4 account, you won’t be able to use MetaTrader 5 with your MT4 login and vice versa. If you want accounts for both MT4 and MT5, you’d have to open separate trading accounts for them.
You can access the MT4 and MT5 platforms with these terminals:
- Exness Terminal and WebTerminal
- MetaTrader Mobile Terminals
- Exness Trader Mobile Terminal
- Desktop Terminal
8. Type Account on Exness
Exness Broker offers a wide range of account types, all designed to suit a diverse range of trading styles. They are divided into two main types: Standard and Professional. Each account type offers its own set of conditions for commission, margin call, and leverage among many others.
Standard accounts are recommended for all traders, as it is the simplest and most accessible account offered. Includes the Standard Account and Standard Cent Account.
Professional accounts stand out from all other account types available, as some offer instant order executions, and are recommended for more experienced traders. Includes the Pro Account, Zero Account, and Raw Spread Account.