This Exness Forex review focuses on the service and the trading environment at this online brokerage. The minimum amount of capital to open an account is 200 USD and the commission fee is 7 USD per lot, depending on the trading pair. The margins are unlimited and the spread is very low, at almost 0 pips. You can also choose the ECN account type, which allows you to have a zero spread and unlimited leverage.
Exness accepts traders from most countries. This includes Singapore, Hong Kong, Thailand, India, Norway, the United Arab Emirates, and Saudi Arabia. However, it does not accept traders from the United States, Israel, or Europe. This is important for you to know before deciding to use this broker. If you have concerns about the broker’s legitimacy, you can contact them to get more information.
Another aspect to check before signing up with Exness Forex is the availability of payment methods. They cover the most common methods for deposit and withdrawal. The list is short, but it is sufficient for most people. You must also verify your identity by providing a valid identity or residency document. Then, you must fill out an economic profile form. The processing time for deposit/withdrawals varies depending on the payment method you choose.
If you’re new to forex trading, Exness also offers several training tools. Its Academy offers tools and resources for all levels of experience. Moreover, it has a number of advanced tools that will boost your trading success. The Academy also offers live streaming news, market history, technical analysis, and YouTube video content.
When it comes to deposit and withdrawal, the company supports a wide range of payment methods in different regions. These options are displayed in the Personal Area for traders. The processing time for these methods is also different, depending on the payment processor you choose. In most cases, you’ll get a response within a few seconds.
If you want to trade on the go, Exness offers a mobile trading platform. This platform is compatible with iOS and Android devices. It also provides a full range of desktop trading features. The platform supports MT4 and MT5 trading terminals. Its mobile apps are also free to download.
As a multi-regulated forex broker, Exness has a lot to offer. The company is registered with the FSA, the CFTC, CBCS, and the FSCA. The broker’s offices are located in the UK, but it also has branches in South Africa, the Seychelles, and the British Virgin Islands. It also maintains affiliations with Tortelo Limited and Nymstar Limited, both of which are financial institutions.
If you are looking for an online forex broker, the next step is to check if the company is licensed by the FCA. The FCA is the UK’s financial regulator. Using a licensed broker is a great way to protect your money and avoid financial fraud.