The Standard account seems like a good choice for cost-conscious traders. It has no commission fees and floating spreads starting around 0.2 pips. We built the website to assist forex traders in finding the right forex brokers to trade with ease.
How does the stop-out process work?
Also, their customer service is excellent, and they offer a wide range of educational materials to help traders learn about forex trading and how to use their platform. Exness has established a significant presence in Indonesia, catering to local traders by offering convenient and accessible exness broker reviews trading services. This includes providing local payment methods for deposits and withdrawals, allowing for easy funding in Indonesian Rupiah (IDR). The broker’s platform is popular in the region for its user-friendly interface, competitive trading conditions, and dedicated customer support that understands the needs of the Indonesian market. Moreover, according to Exness broker review, it offers a wide range of account types, and has a number of features that make them attractive to traders. The company offers its clients access to the global financial markets through its own trading platforms, which are available in more than 20 languages.
Web Terminal
However, Indian traders can use Exness legally through Exness Global, which is an offshore, internationally regulated entity. Yes, Exness supports auto-trading through the MetaTrader 4 and MetaTrader 5 platforms, which allow for the use of Expert Advisors (EAs). Educational materials at Exness are limited to just the Help Center section, where answers to popular questions and information on the main topics related to trading are presented. The lack of educational resources, such as webinars, video tutorials, podcasts, and articles, makes this section less attractive for beginners wishing to learn more about trading in detail. To create an active account and trade using real funds, you must log in to your account and upload color copies of documents to the website. Exness is regulated by laws and norms in various jurisdictions, including authoritative bodies such as the FCA, CySEC, and FSCA, which confirms its transparency and honesty towards clients.
It’s important to note that both the open and close commission is bundled together when the position is first opened. As far as deposit, withdrawal, and inactivity fees are concerned, Exness doesn’t charge for any of these. We are more comfortable recommending IC Markets since we have tested the broker’s Standard Account Spreads ourselves and so have proof this broker is one of the best choices. As for commissions, we’ve only been able to retrieve the information for USD rates, which is $3.50, a little higher than the standard average.
Types of Islamic Accounts
Forex traders might consider Exness as an ideal multi-asset broker choice, with 96 currency pairs, complemented by 11 cryptocurrency pairs. Equity traders get 98 blue-chip names, while 18 commodities and 10 indices complete the asset selection. Non-Forex traders have sufficient trading instruments, especially for strategies that require fewer but highly liquid trading instruments, like scalpers.
As a regulated broker, Exness adheres to strict financial requirements and client fund protection rules. Client funds are segregated from the company’s operating funds and held in top-tier banks. Exness also maintains a high capital adequacy ratio to ensure financial stability and meet regulatory capital requirements. Exness places a strong emphasis on regulation and security, ensuring that its clients’ funds and personal information are always protected. The company is regulated by several top-tier financial authorities, including CySEC and the Financial Services Authority (FSA) of Seychelles. I was very skeptical to start with Exness, but one of the guy requested me that it is a good platform.
Exness fees
Important tools include real-time market news from FXStreet and Trading Central signals for educated decision-making and an in-app trading calculator for fast margin and swap computations. Exness is a Forex Broker brand name of the global brokerage firm that delivers its services through three main offices in Seychelles, BVI and South Africa. The divided nature of the firm enables international clients to access financial services and investment solutions, while the global brand operates retail and mainly corporate solutions or partnerships. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.
The commissions charged by Exness are also reasonable and as a result, we scored them highly for this. Similar to the Zero Account, this account also offers ultra-low to no spreads with the Lowest Commission Brokers, which is capped at USD 3.5 per lot in each direction. While the commission does vary depending on the instrument traded, the degree of this variation appears to be less than the Zero Account which can fluctuate more widely. Unlike with market execution, you will get a requote when spreads differ from your ordered price thus giving you a chance to accept or reject the new price. FOREX.com is authorised and regulated by the Financial Conduct Authority (FCA) in the UK.
For example, the standard account does not have any minimum deposit, the minimum deposit of this account depends on the payment methods you use. Exness is a globally trusted, highly regulated broker, offering flexible accounts, competitive conditions, instant withdrawals, and unlimited leverage. Moreover, with strong regulation and a tech-driven approach, it delivers a secure, user-friendly trading experience for traders of all levels. Exness offers a variety of account types, which provide a wide range of options for different categories of traders. From accounts for beginners with the ability to trade micro-lots to professional accounts with low or zero spreads, the choice of accounts covers various trading styles and strategies.
Additionally, they also publish blogs fairly regularly on market analysis and insights which provide useful updates on timely news events and the like. Exness has a decent range of forex pairs to trade but it doesn’t offer any ETFs, bonds or treasuries, futures, or the option to purchase underlying shares. They also don’t offer the full range of commodities that some other brokers do, but they do have some cryptocurrency CFDs which helps offset some of the other limitations. Exness has one of the highest Trustpilot scores of any broker at 4.8 our of 5. This is more impressive based on the score coming from 19,702 reviews which is one of the most reviewed forex brokers we compared.
MetaTrader 5
We also found that the buy and sell buttons have market sentiment displayed on the, which was quite cool. We thought the interface for this terminal was very clean which made it super easy for us to navigate to find information related to the trading instruments and analytical tools we wanted to research. Another feature we liked is that you can set your stop levels by price, percentage or account currency. The Exness Standard account offers you the full range of assets across forex, metals, cryptocurrencies, energy, indices, and stocks with no commission cost. With over 100 forex pairs, 34 crypto pairs, 98 blue-chip stocks, 13 commodities and 10 indices, you’ll have plenty of assets to choose from. Yes, Exness is suitable for scalping, offering tight spreads and fast execution speeds, which are essential for this trading strategy.
- With over 119,000 partners and $1 billion paid out, Exness offers generous rewards through its Introducing Broker and Affiliate Programs, including up to 40% revenue share or $1,850 per referral.
- Some of these include USD Coin, Tether, Webmoney, Neteller, and more.
- Before making financial decisions, we urge you to conduct thorough research, exercise personal judgment, and consult with professionals.
- We verify some of our data for quality control but there are slight variations occasionally.
For Standard account Fees are based on Spread basis and feature Standard Cent Account which is great for traders of smaller size, and Standard Account as most popular choice. The trading costs will depend on the account type you select, as the two commission-based accounts have lower spreads compared to the commission-free accounts. All account types use market execution, except for the Pro account which offers both instant and market execution methods. Exness stands out in the trading community for its fast execution, trusted financial practices, and commitment to client success. Real user experiences confirm it’s a broker that supports both new and experienced traders with tools, transparency, and top-tier service. Exness provides a well-rounded account selection for all skill levels—from the beginner-friendly Cent account to advanced Zero-spread options.
- There are a variety of deposit methods to choose from, each with its own set of features and benefits.
- Users can install these MT4 or MT5 apps on their mobile devices for Android only.
- Though Exness is a regulated forex and CFD broker, it has its own strengths and weaknesses.
- Exness caters to traders in Asia, Africa, Latin America, the Middle East, and parts of Europe.
- Exness broker suggests that it offers traders a number of different ways to trade the markets.
Built on science and ethics, it delivers speed, stability, and global opportunities for both traders and partners. Exness MetaTrader 4 offers some unique features, which can enhance your trading experience. The flexible trading features allow you to create your own trading strategy and implement them accordingly. Besides, you can implement your strategies through two order execution types, Instant and Market.
Although the contract page lists five different account types, it offers two core account types, and they have a different subcategory of these two account types. Traders can also get the option to create 0.1 spreads or no commission account. However, the Exness cent account holder will have a larger spread starting from 0.3. Besides, the account with the lowest spread or no spread at all will ask for each $1 trading volume, and the amount is $50. If the virtual assistant can’t help, then you will be handed over to someone on the support team. Registered clients will need to provide their account number and support PIN.