exness

Overview of exness

Exness is a well - established and highly regarded trading platform, focusing on the foreign exchange and cryptocurrency trading sectors in the global financial markets. It offers a wide range of trading products. In the forex market, it provides access to numerous currency pairs, including majors, minors, and exotics, enabling portfolio diversification. For cryptocurrency trading, it supports popular digital assets like Bitcoin and Ethereum, offering spot trading and CFD trading, allowing traders to speculate on price movements without owning the assets. Leverage is also available, though it comes with both profit - amplifying potential and increased risk.

Pros and cons

Pros	Cons
Variety of Trading Instruments	Beyond regulatory boundaries
Multiple Account Types	High Leverage
User-friendly Interface	Variable spreads
No Deposit Fees	Untimely customer support

Regulatory Authority

The regulatory situation of the exchange is governed by the Seychelles Financial Services Authority (FSA). However, the regulation number of the exchange has not been released. Also, it is important to note that the exchange has exceeded the regulation requirements of the FSA. The exchange operates under a Common Financial Service License, specifically held by Nymstar Limited.



Security

Exness prioritizes the security of its users and implements various protection measures.

• Segregation of Funds: Client funds are kept in separate bank accounts from the company's own funds. This ensures that client funds are not used by the broker for its own operational purposes.
• SSL Encryption: The Exness website and trading platforms use SSL (Secure Socket Layer) encryption to ensure that all data transmitted between the client and the broker is fully encrypted and secure.
• Two-Factor Authentication: Exness offers two-factor authentication (2FA) for client accounts. This adds an extra layer of security as it requires not only a password and username but also something that only the user has on them, i.e., a piece of information only they should know or have immediately at hand - such as a physical device.
• Risk Management Tools: Exness provides various risk management tools such as stop-loss and take-profit orders to help traders manage their risks effectively.

It is always recommended that traders also take personal safety measures, such as using strong and unique passwords, activating two-factor authentication, and keeping their devices secure.

Cryptocurrencies available

Exness offers a selection of popular cryptocurrencies for trading on their platform. This includes major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP). Trading in cryptocurrencies has become increasingly popular, as it allows traders to take advantage of the high volatility and potential for significant returns in the cryptocurrency market. Exness provides a user-friendly and secure platform for trading in these digital currencies, making it easier for both beginners and experienced traders to participate in the cryptocurrency market.

In addition to the major cryptocurrencies, Exness also offers trading in a range of other digital currencies. This includes popular options like Bitcoin Cash (BCH), Ethereum Classic (ETC), and Dash (DASH), among others. Offering a wide variety of cryptocurrencies provides traders with the opportunity to diversify their portfolio and take advantage of the different market dynamics of each digital currency. As with all trading, it's important to be aware of the risks involved in trading cryptocurrencies and to have a well-thought-out trading strategy.



How to open an account？

The registration process on Exness is straightforward and can be completed in just a few simple steps.

1. To begin, visit the Exness website and click on the “Sign in” button. This will redirect you to the registration page.

2. On the registration page, you will need to provide your email address and create a secure password for your account.

3. After filling in your basic information, you will be prompted to provide your personal details, including your full name and date of birth.

4. Next, you will need to select your country of residence from a dropdown menu and provide your contact information, such as your phone number and address.

5. Once you have completed the personal details section, you will need to verify your identity by submitting a valid identification document, such as a passport or driver's license.

6. Finally, review the terms and conditions of Exness, and if you agree, click on the “Open Account” button to complete the registration process. You will receive a confirmation email with further instructions on how to access your Exness account.



Fees

Exness has a commission-free cost structure that is slightly above average, but its commission-based alternative is very competitive. For equity CFD traders, Exness offers low commissions and narrow swap spreads, and there is also the option for swap-free trading on certain assets, which enhances its cost-effectiveness. As a result, Exness is suitable for a range of trading strategies, from short-term approaches like scalping to medium-to-long-term leveraged strategies.

The average trading costs for the EUR/USD at Exness are:

Average Spread	Commission per Round Lot	Cost per 1.0 Standard Lot
1.0 pips (Standard)	$0.00	$10.00
0.0 pips (Raw Spread)	$7.00	$7.00
0.0 pips (Zero)	$7.00	$7.00
0.6 pips (Pro)	$0.00	$6.00

Taking a 1.0 standard lot buy/sell position, in the EUR/USD, at the average spread and holding it for one night will cost the following:

Average Spread	Commission per Round Lot	Swap Long	Swap Short	Total TradingCosts
0.6 pips	$0.00	-$7.69	X	$13.69
0.6 pips	$0.00	X	$0.00	$6.00

Taking a 1.0 standard lot buy/sell position, in the EUR/USD, at the average spread and holding it for seven nights will cost the following:

Average Spread	Commission per Round Lot	Swap Long	Swap Short	Total TradingCosts
0.6 pips	$0.00	-$53.83	X	$59.83
0.6 pips	$0.00	X	$0.00	$6.00

Deposit & Withdrawal

Exness does not levy internal deposit or withdrawal fees and processes most withdrawal requests to e-wallets within seconds, but it may take up to 24 hours. Bank wires can take up to three business days, and credit/debit card withdrawals up to five days. The name on the payment processor and the Exness account must match, and if traders use multiple payment processors to deposit, they must withdraw in equal proportions.

For example, making a $700 deposit via debit card and $300 via Skrill means a trader must withdraw 70% of profits via the same debit card and 30% via Skrill. Exness will highlight recommended payment processors, identifying the best methods filtered by the geographic location of traders and withdrawal experience by Exness.

Is exness a Good Exchange for You？

Exness is a versatile virtual currency exchange that caters to a wide range of traders with different trading preferences and experience levels.

Exness caters to a diverse range of traders, including:

• Day Traders: These are individuals who buy and sell financial instruments within the same trading day. Exness offers competitive spreads and commissions, as well as a user-friendly trading platform, making it an attractive option for day traders.
• Scalpers: Scalpers are traders who make a large number of small trades throughout the day, aiming to profit from tiny movements in asset prices. Exness's low trading costs and fast execution times make it a suitable choice for scalpers.
• Long-Term Investors: These are individuals or institutions that buy and hold assets for an extended period, usually several months or years. Exness offers a wide range of trading instruments and a stable trading platform, making it a good option for long-term investors. Additionally, the availability of swap-free accounts makes it attractive for those who prefer to hold positions for an extended period without incurring swap fees.

It is important to note that while Exness provides features that may be suitable for these target groups, traders should carefully assess their own trading goals, risk tolerance, and preferences before engaging in any trading activities. Conducting thorough research and considering individual trading needs is crucial when choosing a virtual currency exchange.

FAQs

Q: What is the minimum deposit for Exness？

A:The Exness minimum deposit is $10 for commission-free accounts and $200 for commission-based alternatives.

Q: Is Exness an ECN broker？

A: Exness is a market maker but offers ECN-like execution in its commission-based trading accounts.

Q:What types of accounts does Exness offer？

A:Exness offers a variety of account types including Standard, Pro, Raw Spread, and Zero accounts. They also provide Islamic (swap-free) accounts for those adhering to Islamic finance principles. Each account type has different features and cost structures to suit different trading needs.

Q:Does Exness charge any deposit or withdrawal fees？

A:Exness does not charge any fees for deposits, but there may be fees for withdrawals depending on the payment method used. It is always advisable to check the fees associated with your chosen payment method before proceeding with a transaction.

Q:What trading platforms are available at Exness？

A:Exness offers the MetaTrader 4 and MetaTrader 5 platforms, available on desktop, web, and mobile devices. They also provide their own proprietary web-based platform.