Exness – The most detailed Exness forex broker review 2022
Exness Forex Broker – A forex trading platform that is familiar to professionals, professional traders and even novice investors. In the world, Exness is the “King of forex brokers” with the highest prestige and reliability that brokers cannot surpass. To help investors have the most objective assessment, let’s evaluate and review Exness together.
Forex Exness Trading Platform Review
What is Exness Floor? It is simply a broker in the financial sector, helping you to trade currency pairs, forex, stocks, indices, commodities, etc. in the fastest and most serious way. It’s no surprise that Exness has been declared king of forex for the past decade. All of this is reflected in traders’ data and attitudes towards investors’ entry into trades.
Over the years, Exness has maintained an extremely stable growth rate, even a strong development. The volume for Exness’s average monthly trades in 2019 is about $340 billion, a huge number that not all forex brokers can do. By March 2020, Exness had generated around $800 billion in trading volume and indeed set a record. The numbers are so terrible that any forex broker would want to have that achievement.
Exness has a diverse history of development with many ups and downs, but that is what makes them truly the “biggest” of the industry in terms of both the total number of traders and the assets they own and earn each month. According to statistics, Exness has about US$200 million in separate accounts (existing accounts) to cover problems and losses experienced by customers.
For example, at the 2015 CHF event, Forex Exness had to spend $15 million to pay its clients. Exness monthly trading volume averages $450 billion, with a peak of around $785 billion (March 2020). Most recently, the trading volume for July 2020 was estimated at US$595.2 billion. In addition, the number of active members registered at Exness is also steadily increasing, and is currently around 135,000 people per month.
Is Exness a scam or not?
EXNESS Corporation was founded in 2008 in St.Petersburg, Russia. After that, EXNESS moved its headquarters from Russia to Cyprus. After more than 10 years of establishment and development, up to now, Exness still maintains operations with two main branches according to the regulations of the European Union. Including:
Exness UK Ltd is regulated by the Financial Conduct Authority (FCA) in the UK and Exness (Cy) Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC), allowing Exness to operate in multiple countries member of the European Union.
If you don’t know then FCA, CySEC is a big reputable license in the forex industry with strict regulatory requirements. And Exness both have these two types of licenses.
Exness’s trading volume is huge, with an average monthly trading volume of around $350 billion in 2019, with over 70,000 clients participating worldwide.
Is Exness popular in Vietnam market?
This is probably the most asked question today. And Traderforex dare to answer that Exness is not only popular in Vietnam but also popular in many countries around the world. Exness Exchange was founded in 2008 by an organization with an extremely high level of expertise and knowledge in forex. They have worked and collaborated together for a long time, re-implemented many growth strategies, learned from their predecessors and created the thriving Exness exchange that it is today.
First of all, Exness is only popular in Cyprus, Russia and other countries with strong forex investment activity. Gradually, we have established our headquarters in the UK, Malaysia, Singapore,… and are expanding our strong business activities in more than 15 countries.
On the official website, Exness supports more than 15 different languages and provides addresses for users in each country to facilitate detailed tracking of markets and transactions.
Is Exness safe for users?
As mentioned above, Exness was founded in Russia in 2008, at the forefront of reputable Forex brokers, Exness Group is a relatively new Forex and CFD broker. Although newly established, Exness has left a very good impression on users, that’s why they have developed rapidly since its establishment and up to now, there are more than 145,000 visitors on Exness’ homepage. worldwide and is regulated by authorities in seven countries.
Exness is a trademark of Nymstar Limited, a securities dealer registered in the Seychelles and licensed and regulated by the Financial Services Authority (FSA) listed by regulators.
Brokers have three other organizations, each of which is licensed and under their specific jurisdiction.
- Vlerizo (Pty) Ltd – A financial services provider licensed and regulated by the South African Financial Area Authority (FSCA).
- Exness (UK) Ltd B2B services are licensed and regulated by the Financial Conduct Authority (FCA) in the UK.
- Exness (Cy) Ltd – Approved and regulated by the Cyprus Securities and Exchange Commission (CySEC).
Fees in each Exness account type
It is very important to learn about fees at Exness because it will affect the transactions of investors and will help you manage your capital most effectively. Like the specified rate on the spread, leverage varies from product to product. As follows:
- Leverage 1: Unlimited on MT4 trading platform, up to 1:2000 on MT5 trading platform, scaling from 0.3 pips, no trading fees.
- Standard Cent Account: Minimum deposit amount depends on your payment system. Leverage 1: Unlimited on MT4 trading platform, spreads from 0.3 pips, no trading fees.
- Spread account: Deposit at least $200, Leverage 1: Unlimited on MT4 trading platform, up to 1:2000 on MT5 trading platform, spread from 0.0 pips and commission up to $3.5.
- Zero account: proceed to deposit at least $200, leverage 1: unlimited on MT4 trading platform, up to 1:2000 on MT5 trading platform, fees will be from 0.0 pips up to 3, 5 dollars.
- Minimum deposit $200 per account, Leverage 1: Unlimited on MT4 trading platform, up to 1:2000 on MT5 trading platform, spreads from 0.1 pips, no trading fees .
In addition, the phenomenon of slippage is also the most impressive thing in this forex broker. The Exness layer can be considered as one of the layers with good controllability. Of course, it still fluctuates up and down, but it doesn’t “bounce” as much as other exchanges. Standard account: Minimum deposit amount depends on the payment system.
Trading platform at Exness
Currently, Exness is supporting all the most popular and popular trading platforms: MT4, MT5 and web terminal versions. Both Metatrader 4 and Metatrader 5 platforms have supporting applications that give you the flexibility to invest anytime, anywhere you want.
These platforms all have very good security and are also controlled by daily transactions. If the account suddenly has any abnormal activity through transaction, withdrawal, deposit, the account will be temporarily blocked for the system to confirm with the owner. It can be a bit of a hassle, but in return you don’t have to worry about losing your account.
Each platform is supported by a different account. As a result, leverage parameters, trading products and support periods are all updated with your account information. Also, let’s take a closer look at Webterminal. This is an online forex investment platform that serves both MT4 and MT5 and requires no software download. Compared to the regular version, there are some limitations in terms of tools and features. Therefore, we recommend using the MT4 (or MT5) application.
Exness’s customer care mode
Exness is highly appreciated not only for its services and products, but also for its extremely professional consulting and customer care department, they work wholeheartedly, unite and always give their best support.
It is also worth mentioning that Exness’s support team are all experienced, highly qualified and knowledgeable professionals about the Forex market, and for that reason, when customers have any doubts, If you have difficulties or need help, you can completely discuss and explain to Exness. We firmly believe that Exness will not let you down.
Currently, Exness’s customer care and consulting department operates 24/7 with many different support languages, including Vietnamese. Please contact us when necessary.
The above reviews are all objective and accurate assessments of the forex trading platform – Exness, a name that any investor knows. If you are wondering whether to join this exchange or not, the answer above will definitely answer you.