I feel confident trading with Exness knowing that they prioritize the safety of my funds. Their solid reputation and regulatory compliance provide peace of mind for serious traders. Yes, leverage is available across all Exness account types, but the amount of leverage you can access may vary based on the specific account type, assets traded, and account equity. Some accounts even offer potentially unlimited leverage, depending on these factors. Leverage allows you to control a larger position than your actual capital. At Exness, leverage is offered on various account types, and in some cases, you may have access to potentially unlimited leverage based on your account equity.
Tradable Instruments
- These accounts offer favorable trading conditions, a range of trading instruments, and unlimited maximum leverage.
- Exness differentiates itself by offering distinctive features like instant withdrawals, stop-out protection, advanced trading algorithms, and adaptable trading conditions.
- The availability of both MetaTrader 4 and MetaTrader 5 ensures traders have robust and versatile tools at their disposal.
- Check out my guide to the best U.S. brokers for a run down on the forex brokers I recommend to traders located in the United States.
We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site. Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money.
Broker Comparison: Deposit and Withdrawals
To open a demo account, simply register for an Exness Personal Area, click on “Try free demo,” and you’ll receive a Standard MT5 demo account with a $10,000 virtual balance. No, Exness does not offer services to residents of certain countries, such as the USA. It operates only in regions where it holds the necessary licenses and regulatory approvals. Opening an account with Exness is a seamless process that ensures quick access to the forex market. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com.
Processing times are fast for the industry, and both deposits and withdrawals are free of charge. Exness shines in tradable instruments with a wide range of currency pairs, commodities, indices, shares, and cryptocurrencies. Another unique feature is the unusually broad selection of instruments in certain categories like forex and crypto. The proprietary Exness Terminal platform merges user-friendliness with advanced features, including analysis from Trading Central and price alerts, enhancing the trading experience. Combining advanced trading tools with a strong ethical foundation, Exness provides an exceptional platform for traders of all levels. Their dedication to technology and client satisfaction makes them a standout choice in the CFD trading industry.
I tested the spreads at Exness across various markets during the London open and after the New York open. At these times, the market is typically highly liquid with the tightest spreads. Exness operates seven entities, with two licensed by top-tier regulators, offering relatively high account security. To get the nitty-gritty details, traders can find the Customer Agreement on the Legal Documents page. Based in Limassol, Cyprus, Exness is a multi-asset broker with a compelling offering. Since its launch in 2008, it has become a leading player in the market with a significant global presence.
Exness Islamic Account
It is a highly regulated Forex broker operating under the supervision of several regulatory authorities around the globe. Exness offers a safe and transparent trading environment, is frequently audited, has strong security features, and is regulated by numerous bodies globally. Incorporating these signals within the trading platform facilitates their use and use.
Traders can explore commodities, including precious metals, and energies, to diversify their portfolios. In the currency market, Exness offers a comprehensive range of currency pairs, allowing traders to participate in major, minor, and exotic currency trading. Cryptocurrency enthusiasts can access a variety of cryptocurrency pairs without needing to own the actual digital assets. Exness relies on Trading Central services and FXStreet for trading signals, market coverage, and economic news.
Pros
The competent and responsive support team provides prompt, useful solutions through live chat, email, or phone calls for an enhanced trading experience overall. Yes, withdrawals can be done anytime, providing you access to your funds around the clock. Yes, commissions vary by account type, with certain accounts providing commission-free trading.
However, this feature means that you can trade with peace of mind and mitigate risk. The more recognizable trading platforms offered by Exness include MetaTrader 4 & 5. These are known for their modern features such as copy trading and automated trading. The Exness Terminal Web Platform is an easy-to-use option which offers features, including watchlists and one-click trading.
However, considering the positive aspects of regulation, educational resources, and low spreads, Exness is a good choice for traders seeking reliable trading experience. Exness, in our view, provides a stable and user-friendly trading environment ideal for Singaporean traders. With its vast choice of account types and trading products, its platform caters to novice and expert traders. Exness’s standard account spreads vary, with some quite tight and others less so.
Exness provides the necessary infrastructure to trade and maintains a cutting-edge trading environment that provides traders with a competitive edge from a trusted source. Exness deploys its lightweight, user-friendly, and web-based proprietary Exness Terminal, complemented by the mobile trading alternative Exness Trade App for Android and iOS devices. The former features 50 drawing tools and 100 indicators, while the latter has 24/7 in-app support, but both are only available for MT5 accounts and only support manual trading strategies. Forex traders might consider Exness as an ideal multi-asset broker choice, with 96 currency pairs, complemented by 11 cryptocurrency pairs.
Exness received numerous awards for various aspects of its competitive trading products and services. Below is a list of trading cost examples for buying and selling the EUR/USD and holding the trade for one night and seven nights in the commission-free Pro account. According to Exness’s website, In May 2023, it recorded an impressive trading volume of $3.35 trillion. During the same month, Exness also witnessed remarkable growth in its active traders list which grew to 515,099.
Additionally, Exness does not impose any restrictions on scalping strategies, making it a suitable choice for traders who employ this particular trading technique. MetaTrader 5 (MT5) is a more advanced version of MT4, offering additional features and tools that cater to experienced traders. Exness provides access to a broader range of trading instruments on MT5, including more currency pairs, commodities, stocks, and CFDs, enabling traders to diversify their portfolios effectively. In our experience, Exness offers a exness broker reviews well-rounded trading platform that primarily fits the needs of Singapore’s diversified trading community.
- To ease your worries, Exness offers negative balance protection and client fund segregation.
- Forex is particularly impressive with more than 90 pairs, along with 10 cryptocurrency pairs.
- We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.
The Zero Accounts also have a tight spread but a lower commission of $0.2 for each side per lot. Our findings show that Exness’ appeal is increased by adding services such as VPS, trading alerts, and customizable cashback rebates. However, the lack of a local office in Singapore may disadvantage people who prefer face-to-face encounters. Such sponsorships raise the brand’s profile and reach a large audience of potential clients and fans from diverse industries. Referred clients who have closed trades within the last 24 hours receive daily rebates. However, rebates do not apply to Social_Standard and Social_Pro accounts, necessitating strategic planning within the qualifying account categories.
Exness imposes commission fees on trades that vary depending on the type of account. These commissions are competitive and fully transparent for traders in Singapore, particularly those who utilize Zero or Raw Spread accounts. Exness’ spreads, which change based on the type of account and the state of the market, give Singaporean traders the flexibility to plan their trades, whether longer-term or scalping strategically. Its accessibility and ease of use are essential features for Singaporeans. It allows traders to access their accounts and trade from any computer with internet connectivity, which is especially advantageous in a highly connected city-state like Singapore.
Whether you’re just starting or you’re an experienced trader, Exness delivers favorable conditions tailored to meet diverse trading needs. Exness’ Professional accounts are tailored for experienced traders such as scalpers, day traders, and algo traders. These accounts offer fast execution, low or zero spreads, and no commissions. The Pro account provides instant execution with spreads starting from 0.1 pips.