Trading Experience in Exness
From Saint Petersburg, Russia, in 2008, the Exness Group opened its doors to the public; and, from its first steps, it undertook the task of offering their services for high quality commercial clients in several financial markets. The company has come a long way since then and today is an important forex and ECN broker. Exness prides itself on its honesty, openness and transparency. Plus, it is regulated by the CySEC in Cyprus, as well as CFA.
Most opinions regarding technical support are positive.
Recently, they have added Spanish to the available languages for customer service so it will be easier to solve any doubt or inconvenience that may arise.
According to the opinions of the users themselves, the spread reaches certain times up to 6 pips. They do not specify in the opinions that type of account they have, but it is to suppose that they use the Mini or the Classic since, in these cases, the broker acts as a market maker and can vary the Spread to balance their accounts.
The transaction is executed by the liquidity provider that offers the best price for the volume specified at a given time. The information about the liquidity provider chosen for a transaction is stored in the company’s database.
The client can have this information on request.
The Exness Group provides traders the opportunity to trade CFDs on futures whose underlying asset is oil.
The Exness Group is involved in several social causes. He currently supports WWF projects in Russia to restore rare species such as the Persian leopard in the Caucasus and the Siberian tiger in the Far East.
Types of Accounts
Exness offers adjusted floating spreads in three types of accounts named Mini, Classic, and ECN. A minimum deposit is not required for the Mini account, but only 100 positions can be opened at one time. Also, the spread is of 0.3 pips.
The range in the other two accounts is 0.1, and there is no limit on the number of positions a trader can have. The Classic account requires an initial deposit of $2000 and the ECN requires one for $300.
While the execution of operations is immediate for all account, ECN accounts have direct access to interbank liquidity.
Clients have access to a 1:2000 leverage, which considerably reduces margin requirements and allows for more flexible trading strategies.
A demo account can be opened for those who wish to practice before putting their money at risk. Funds can be replenished in the on-demand demo account by filling out an online application form. This way, you are able to keep practicing until you start getting the hang of trading, no matter how long it takes.
Exness publishes updated information on news and financial events that occur worldwide directly on its website.
By clicking on any of the links in your “library,” everyone can access the numerous guides and explanations on general financial terms, as well as specific topics of Exness.
Exness customers also have access to the most relevant economic news affecting the Forex market provided by the Dow Jones News, which the leading provider of information in the world of business and finance.
The Dow Jones Mews coverage offers real-time broadcast and no delays. Their news broadcasts are available for customers who have opened commercial accounts.
A useful additional feature is a historical list that contains information on the exchange rates of Forex currency pairs and other financial instruments in different periods. This is a live application that can be downloaded to a MetaTrader terminal and used to test strategies as well as to carry out technical analysis.
Deposits and Withdrawals
Exness is a good broker with quick withdrawals (snapshots), fast execution, and fantastic customer service.
Funds can be deposited using a wide variety of modalities, including bank transfers, credit cards, Neteller, Moneybookers, and several others.
One of the main advantages of Exness is the automatic withdrawal of funds using a series of electronic payment systems, providing merchants with control of Exness accounts funds at all times.
Withdrawals are made instantly upon request, and the funds are returned using the same method used for the deposit.
A useful chart, not offered by many other brokers, lists each deposit method and its advantages and disadvantages for the merchant. Nevertheless, before trying out Exness, please bear in mind that this broker is not suitable for beginners.
Basically, that’s because of the type of products it has with high leverage, low commissions, and ECN account makes it more suitable to users with more experience in the Forex world.
We could say Exness is a relatively young broker since it began its journey ten years ago. The company itself facilitates the pace of creation of new customer accounts, and the approximate number of new users per month is 17,000. Exness is regulated by CYSEC and has a license to operate practically anywhere. It has offices in both Cyprus and Russia
The first things that become obvious when you enter the Exness website are the fresh images and their modern and fun design. Because Exness is a partner of the Infit and Red Bull Racing, the photo of the beautiful race car is not out of place.
Likewise, the website is available in 23 languages, making it accessible to a huge number of traders from all over the world.
The Exness broker offers customers full access to the interbank market through an ECN, and this is based on a piece of software, which can be called “aggregator”, that coordinates the execution of client orders at the best prices among several prestigious liquidity providers connected to the “aggregator.”
The fundamental characteristic of this broker is that it is traded from a company with very low commissions (differentials from 0.2 pips) and a high margin for leverage. In this sense, most of the opinions that we find are that the commissions are very low and the speed of execution is simply top notch.