Currently, Exness is attracting the attention of many traders thanks to its outstanding advantages compared to other exchanges on the market. So what is the Exness exchange? How to do traders’ Exness review? Let’s evaluate Forex Trading in the article below.
General information about broker Exness
Exness is a reputable trading platform, established and developed by Exness Group in 2008. Since its launch, Exness has constantly expanded and improved its services to meet the growing needs of customers. high among traders around the world.
This exchange stands out for its transparency, safety, and attractive trading conditions, attracting a large number of customers to participate. Headquarters – one of the major financial companies located in the city of Limassol, Cyprus. In addition, there are offices in many other countries.
The exchange has fast order-matching speed and competitive transaction fees. Besides, the Exness deposit and withdrawal time is quick and the customer support service is professional.
- Year of establishment: 2008
- Exchange type: ECN
- Minimum deposit: 10 USD
- Spread: From 0.0 pip
- Trading platform: MT4, MT5
- Deposit and withdrawal methods: Internet Banking, Visa/MasterCard, Skrill, Neteller, etc.
See more: Discover Exness – The world’s leading Broker
How to do a trader’s Exness review?
Exness is considered the most reputable forex trading platform today. There are currently many accounts and platforms suitable for both beginners and professional traders.
Exness review based on operating license
A reputable Forex exchange must be licensed to operate legally by international financial organizations. These organizations will monitor the exchange’s operations to ensure that fraud does not occur.
Currently, the Group is operated by many exchanges around the world such as Exness (SC) Ltd, Exness (Cy) Ltd, Exness (UK) Ltd, Exness ZA (PTY) Ltd, Exness BV, Exness (VG) Ltd, …
All are licensed to operate by the financial agency of the host country, specifically as follows:
- Exness (SC) Ltd: Licensed by the Seychelles Financial Services Authority (FSA)
- Exness (Cy) Ltd: Licensed by the Cyprus Securities and Exchange Commission (CySEC)
- Exness (UK) Ltd: Licensed and regulated by the Financial Conduct Authority (FCA) in the UK
- Exness ZA (PTY) Ltd: Licensed by the Financial Sector Conduct Authority (FSCA) in South Africa
- Exness (VG) Ltd: Licensed and regulated by the Financial Services Commission (FSC) in the British Virgin Islands
- Exness (MU) Ltd: Licensed by the Financial Services Commission (FSC) in Mauritius
Outstanding achievements of Exness
Since its launch, the exchange has achieved many admirable achievements with impressive numbers. August 2022:
- Trading volume for the month reached 2.811 trillion US dollars.
- More than 360,785 active customers during the month.
- US$984.9 million in customer withdrawals in the second quarter.
- Exness launched an attractive bonus program: 6 million USD for partners in the second quarter
Exness review about policies for traders
Exness is a member of the Financial Commission – an international organization specializing in resolving disputes in the forex market. This organization was established to act as a neutral party. This ensures fair consideration and resolution of complaints.
The Financial Commission’s compensation fund acts as an insurance policy for customers. In particular, each Exness customer can receive an insurance amount of up to €20,000.
Exness review The exchange’s reputation is clearly shown through three first-class licenses: FCA, FSCA, and CySEC. Exness is a globally reputable international Forex exchange, helping players feel secure when participating. However, it should be noted that the group does not provide services to residents of certain jurisdictions, including the United States.
Analyze how to deposit and withdraw money on Exness
The advantage of Broker Exness is fast deposit and withdrawal. Traders can make these transactions on both Saturday and Sunday. This is possible thanks to the 24/7 automatic payment system, without the need for manual review like many other exchanges.
Currently, Exness Review is supporting customers with the following payment methods:
- Internet Banking
- Money
- Visa/Mastercard
- Neteller e-wallet: A long-standing, reputable e-wallet, favored by many traders. Supports fast, safe payments with many different currencies.
- Skrill: Modern, highly secure e-wallet, allowing online payments and easy international money transfers. VietQR, Wire Transfer…
- Bitcoin: The most popular cryptocurrency, with high liquidity and upside potential.
- USDT: Stable cryptocurrency, pegged to USD value, minimizing the risk of price fluctuations.
- USDC: Another stable cryptocurrency, supported by Circle and Coinbase, safe and trustworthy.
- SticPay: Multi-function e-wallet, supporting many different currencies and payment methods.
Cryptocurrency:
Transactions are quick, simple, and safe. According to statistics, it only takes a few seconds to deposit money into your account. Besides, withdrawing money only takes 3-5 minutes for you to receive money back in your account. Meanwhile, other exchanges often have to wait several hours or days to withdraw money.
Exness review about transaction fees
Transaction fees are an important criterion for Exness review that traders need to consider when choosing a forex trading platform. Let’s find out the types of fees that the exchange is applying.
Exness Spread Fee
Spread is the distance between the buy price and the sell price, measured in pips. When trading at any Forex exchange, traders also need to consider this difference. Spreads on the exchange are relatively comfortable, depending on the account type and trading product. Specifically, standard accounts have spread from 0.3 pips, while professional accounts have spread from only 0.0 pips.
In particular, Exness charges deposit/withdrawal fees. The only exception is when you withdraw via Skrill for an amount under 20 USD, you will lose a commission fee of 1 USD.
Overnight fees on Exness
How important are overnight fees on Exness in transactions? Let’s find out the details below.
Overnight fees, also known as swaps, are fees that traders must pay when keeping positions open overnight. However, Exness has decided to waive overnight fees for most trading instruments, including major currency pairs, cryptocurrencies, indices, and gold.
See more: Exness – Trade With The World’s Leading Broker Exness
Exness review about commission fees
If you are looking for a commission-free forex broker, Exness is the best choice. Specifically, the Exness exchange is based on commission fees.
- Trade commission-free with Standard and Pro accounts
- Zero Account: There is a $0.2 per lot/way commission fee
- Raw Spread Account: Commission from $3.50 per lot/way.
summary
Exness is currently leading the forex market in terms of service quality and number of participating customers, becoming a safe choice for traders. Hopefully, the above Exness review of Forex Trading will help traders gain more information and feel secure in trading here.
FAQ
What is the maximum load on the platform?
The exchange’s minimum deposit level depends on the account type. With a professional account, the minimum deposit is $200—just $10 to start trading, suitable for everyone, including beginners with little capital.
How long does it take to withdraw money on Exness?
Withdrawal time depends on the method chosen by the customer, usually ranging from 1 minute to 72 hours, however, according to information from many players at Exness. Transactions are usually processed within 24 hours.
Why are there times when you can’t withdraw money from the exchange?
You may encounter some errors that prevent you from withdrawing money from the exchange. Including the system or not enough withdrawals, deposits, or withdrawals using different methods, the receiving account being locked, or making two withdrawals at the same time.
