Exness forex spreads are offered to traders in most countries around the world. This includes India, Hong Kong, Singapore, Thailand, Norway, the United Arab Emirates, and Saudi Arabia. However, the company does not accept traders from the United States, Israel, or Europe. This is due to the restrictions on foreign exchange trading in some of these countries.
Exness’ spreads are fairly competitive compared to other brokers. In fact, its Zero Spread account offers a zero spread on thirty different products a whopping 95% of the time. There are two types of account with different spreads, though both offer fixed commission fees and can be used by traders looking for a low-cost trading environment.
Exness has a large number of account types, including MT4 and MT5 accounts. Moreover, the firm offers high leverage of 1:2000, which is higher than many other brokers. However, traders should use risk management strategies when trading with high leverage. In addition, they can use a calculator to calculate the required margin on their accounts based on their account equity.
Exness offers high-quality customer support. Its customer support staff is available via phone, email, live chat, and callback service. In addition, its website has content in 14 different languages. You can contact Exness customer support representatives by email or live chat for assistance with your account. The customer support service is also available 24 hours a day, 365 days a year in English and Thai. Exness is a great choice for Forex traders looking for low trading fees and a low spread.
Unlike most Forex brokers, Exness charges no fees for deposit and withdrawal. However, the company does charge transaction fees for currency conversions and international bank transfers. You will also have to go through a digital account verification process before you can trade. The verification process takes up to 48 hours, but you can begin trading while you wait.
Exness offers three types of accounts, including the Standard Account. This account is designed for novice and experienced traders alike. Despite the low minimum deposit, it features high leverage. Its leverage can reach as high as 1:2000 for some Forex pairs. However, traders should be careful while using high leverage since it increases the risk of account wipeout.
In terms of trading platforms, Exness offers the MT4 and MT5 desktop applications and web-based versions of these applications. Its mobile and tablet apps are also available. For most traders, Exness is an adequate all-round broker. The company offers competitive prices and trading conditions on entry-level accounts. Furthermore, it offers good trading conditions to its Pro Accounts.
In terms of currency trading, Exness offers spot trading and CFDs in over 100 forex pairs. It also offers trading on over 30 precious metals, cryptocurrencies, and energy. This brokerage firm has over 200,000 clients worldwide. Apart from the Standard Cent Account, it also offers the Pro Account with minimum deposits of $500 USD.