Exness is a foreign exchange trading broker which allows its traders to trade on the forex market remotely. Exness was founded in 2008, and since then, it has produced more than sixty thousand clients worldwide.
Exness believes in complete transparency, which is why they have uploaded all their information on their website along with transaction information. Exness is certified by FCA and CySEC for its security purposes. It gives assurances to its clients for their security and regularity.
Exness also provides its clients with various types of accounts to suit every trader’s needs. Not only that but exness also provides the lowest spread about all of its competitors. This exness review provides all the relevant information needed for anyone choosing exness.
With zero commission from its Pro account users. Exness has proven and climbed the market in recent years. In addition, Exness provides its beginner users with special accounts to get their trading careers started.
Different Types of Exness Accounts
Exness offers its clients four different types of accounts for trading. Each account suits a different type of trader. Exness looks to fulfill the needs of every trader with Pro, Cent, Standard, and Zero accounts.
The standard Cent account is perfect for beginners with a minimum deposit of only one dollar. Since beginners do not have much trading experience, therefore they can start trading with small amounts. This allows them to experience and gain trading skills with minimal losses.
The standard cent account also gives them low spreads with many currency pairs. This is perfect for beginners as they should not trade with much at the start. Moreover, they get good support from the exness customer service.
The majority of professional traders prefer to use Standard and Pro accounts. These accounts have low spreads and also give them swap-free accounts. The accounts also give professional traders unlimited leverage with zero commission.
There is no minimum deposit for Standard accounts, while opening a pro account requires you to deposit 2000 dollars. These accounts also allow you to make instant deposits and withdrawals from local banks.
With 24/7 customer support staff for people worldwide, exness provides its users with everything they need. Exness also provides free swaps for Islamic countries.
Expert traders with years of experience tend to prefer zero accounts. This allows them to trade on the ECN market; however, this is only for experts. As trading on the ECN coming with high risks as the market is more volatile. The market is very difficult to trade on while also having to pay commission with every trade.
However, since you are an expert, trading on with a Zero account is best as the accounts have zero spreads and pips. Moreover, Exness has an excess of three banks and one ECN bank so that they can give the lowest slippages.
The account offers experts with the lowest commission rates. This is because the spread is almost zero, and the only way the brokers earn is through commissions. Many brokers charge between 6-10 dollars while exness charges 7 dollars for each lot.
As exness is the biggest forex retailer, they can change their rates according to the scale.
Exness accommodates all sorts of traders. No matter if you are a long-term trader or a scalper. Exness will provide you with an account that suits your strategies. Depending on your type of strategy, you should opt for the account which suits you.
If you are a trader who wants to make small profits in a short time, then a Standard or Standard cent account would suit you. This is because you can profit using the fluctuations of the market. In addition, they allow you to complete orders quickly with low spreads.
Although, if you are an expert or professional, wanting to trade long term. Then a Pro or Zero account would suit you as it gives you low commission rates for each trade with zero spread.
Opening an Account
You can easily open an exness account by going to its website. Then you will need to sign up and fill in all the important information along with your locality. After that, you will have to set up an email address and a password with “Strong.”
After you have signed up, your account would be functioning as a demo. To start trading, you will need to choose the option to become a real trader. For that, you will have to enter your contact information.
After your mobile number has been confirmed, exness will take you to the page with all your credentials. Once you are done setting up your account, you can deposit a maximum of two thousand dollars.
This is the entire details of the services exness provides. How you can set up an account on exness and which account you should opt for when you start trading.