If you are looking for a good forex broker, you should consider Exness. Their account fees are competitive and are lower than other top brokers. For example, XM charges 0.8 pips for EUR/USD when using the Ultra Low account. FXTM charges 1.9 pips for the Micro account and Hotforex charges 1.3 pips for the Premium account. To open an account with Exness, you must deposit at least $10. After that, you can choose to trade with them.
Exness is an FSCA-regulated broker that offers a wide range of trading accounts. Their standard and pro accounts have very low spreads, while their raw spread and ZAR trading accounts have even lower spreads. You can choose from a number of account types, and there are several ways to deposit and withdraw funds.
The Standard Account is the most affordable option for beginning traders. It allows micro-lot trading and supports leverage of up to 1:2000. It also does not require commission based on the trading volume. The Zero and Raw Spread accounts are better for experienced traders. These accounts offer tighter spreads and instant withdrawals.
In addition to its competitive spreads, Exness also offers a free affiliate program that pays commissions. Deposits are not limited, but you may encounter payment provider fees. You may be asked to submit ID and bank details. Once you have verified your identity and location, you may deposit or withdraw as much as you want, as long as your personal profile is complete. You can also complete a short questionnaire to verify your economic knowledge and financial background.
Exness accepts traders from most countries. For example, traders from the Philippines, Thailand, the United Kingdom, Malaysia, China, Singapore, Norway, and the Czech Republic can open an account. However, the company does not accept traders from the United States or other US insular territories. You may also wish to contact Exness directly.
Exness is a legitimate brokerage that offers a large range of products. The firm was founded in 2008 and is regulated in the Seychelles. It also offers different account types and payment methods. The brokerage accepts deposits and withdrawals using bank cards and offers 24 hour support. In addition, it has a customer service team and instructional material. The account setup process is also quick and easy.
For new traders, Exness offers a demo account on MT4 and MT5 platforms. It offers low-cost entry-level accounts and good trading conditions for its Pro accounts. With a low minimum deposit, a beginner can access high leverage with a small account balance. The demo account is free.
Leverage is another key feature of Exness accounts. You can trade with up to 1:2000 leverage depending on the trading entity and account type. While some brokers allow high leverage, they strongly recommend risk management methods. For example, you should use a stop-out feature if you’re not sure you can afford to lose a lot of money.