In this Exness Review, We will cover most of the important information that traders need to know before deciding their broker. The Exness Group was established in 2008 in St. Petersburg, Russia and it is offering its clients high-class quality trading services in several financial markets. Exness has continued to succeed as a great broker providing immaculate services and platform for their clients and is now one of the top leading forex and ECN broker in the market. Exness prides itself on honesty, openness, and transparency and is currently regulated by CySEC in Cyprus as well as by the Financial Service Provider register in New Zealand.
Exness offers tight floating spreads on three different trading accounts: the Mini, the Classic and their ECN accounts. There is no minimum deposit required for the Mini account but traders are limited to only 100 positions that can be opened at one time. Exness’s spreads are quite considerably low consisting of around 0.3. The spread in the other two accounts is 0.1 and they provide a limitless number of positions a trader can hold. The Classic account requires a pretty high initial deposit of $2000 and the ECN requiring $300.
Traders can open Classic or Mini accounts with Exness MT5
The Classic accounts requirement is $2000 initial deposit at the minimum and allowed leverage is a maximum of 1:2000 which is considered very high compared to the average market standard. Spreads are as low as 0.1pips. For the Mini account, a minimum deposit of $1, with a maximum leverage of 1:2000 and spreads as low as 0.3 pips.
The Company & Safety of Funds
Established in 2008, the Exness Group maintains two entities with regulatory status in the European Union: Exness UK Ltd, regulated by the Financial Conduct Authority (FCA) in the United Kingdom (UK), and Exness (Cy) Ltd, regulated by the Cyprus Securities and Exchange Commission (CySEC), with passports throughout several EU member states.
Commissions & Spreads
Exness offers a trading environment with variable spreads, which are competitively low. Average spreads on the commission-free accounts amount to 0.1~0.3 pips, while ECN account traders are offered average spreads of 0.4 pips on EUR/USD.
Leverage offered by Exness is as high as 1:2000 to unlimited. You should be aware that just because a broker offers high leverage, it does not mean it’s always the best. You must always think that the higher the leverage higher the risk.
Exness offers its services on two of the most popular platforms among traders – MetaTrader 4 and MetaTrader 5. The everyday industry standard MT4 is available as a desktop version, mobile devices and there is also a web version offered, called MT4 Web terminal.
Deposit & Withdrawal
The broker accepts customer deposits and allows withdrawals via Bank Transfer, Neteller, Credit card (Visa, MasterCard), Cashu, Skrill, Webmoney, PerfectMoney, Bitcoin, Tether and Internal transfer (available for withdrawals).
From this Exness Review, we have listed important information for traders to see. We can safely say that Exness indeed is a comfortable, trustworthy reliable broker. Everything is presented in an orderly manner and navigated throughout the website thoroughly for their client’s comfort. Exness continues to impress current clients and newcomers to them with their outstanding operational system and services.