Exness Forex is a reputable online forex broker focusing on corporate solutions, retail foreign exchange services and partnerships. It was established in 2008 by Igor Lychagov and Petr Valov and has offices in Cyprus, the UK, South Africa, and the Seychelles. Although it does not offer retail services in the United States, the company is EU-regulated and accepts traders from most countries. It also offers a variety of account types and 97 forex currency pairs.
In addition to its trading platform, Exness offers an app for iPhone and Android users. It offers access to financial market information and allows for super-speedy order execution. With its mobile app, traders can enjoy low spreads, forex pairs, and complete control over their account. Additionally, users can use live chat to connect with live support representatives.
To start trading with Exness, users must create an account. They can choose from a Mini, Cent, Classic, or ECN account. Those with more experience can sign up for a Pro account. They can also sign up for a free demo account. This will allow them to get a feel for the online trading ecosystem and test out different trading strategies.
Unlike many other online forex brokers, Exness does not charge any fees for deposits and withdrawals. However, they do charge for overnight quotes, which can range from one to five days. Additionally, withdrawals into bank accounts can take three to five days, due to the necessary formalities of financial institutions. The company also offers demo accounts for MT4 and MT5 trading platforms.
To make an account with Exness Forex, you must provide a valid email address. You must also provide a password that includes upper and lower case letters, numbers, and symbols. Lastly, you must enter a phone number that you can contact. Traders must verify this number with the company through an automated email.
When you sign up with Exness, you can access its retail trading platform and select from a wide range of assets. These include stocks, cryptocurrencies, metals, and foreign exchange pairs. You can also trade them on margin, which allows you to raise the risk-return ratio. Exness forex customer support is available through phone, email, and live chat. Moreover, its website is available in 18 languages. If you have any question or issue, you can use the feedback system provided.
While Exness does not charge any fees for deposits, you should be aware that there are a few factors that could affect your investment. First, it is important to consider whether or not Exness offers ECN trading. Some ECN brokers offer better margins than others. A good example of this would be the Bitcoin price, which was $19,500 on Exness in December 2017. The Exness Bitcoin Bid price was only 0.13 pips lower than other brokers.
When it comes to account types, Exness provides different options for beginners and professionals. Beginners can opt for a Standard Cent account, while more experienced traders can opt for Standard or Pro accounts. Traders should choose the account type that best matches their trading style.