As beginners embark on their trading journey, selecting a suitable brokerage becomes a crucial decision. Exness, a well-known brokerage, often comes up as a potential choice. In this article, we will delve straight into the question: Is Exness a good option for beginners? By examining its features, support, and user experience, we aim to provide a clear answer.
Exness Overview
Exness is a globally recognized online forex broker that provides trading services to clients around the world. Exness was founded in 2008 by a group of financial professionals with the goal of providing transparent and reliable trading services to retail and institutional clients. Over the years, the company has grown rapidly and gained a reputation for its technological innovation and customer-centric approach.
Exness operates 24 hours a day, 5 days a week, allowing clients to trade forex and other financial instruments during the major global trading sessions. This ensures that traders have access to the markets whenever they are open, providing flexibility and convenience.
Exness has its headquarters in Limassol, Cyprus. The company is registered and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 178/12. Additionally, Exness has established offices and operations in various locations worldwide to cater to its global client base.
Exness has experienced significant growth since its inception and has become one of the largest retail forex brokers globally. The company serves clients from over 180 countries and has processed billions of dollars in monthly trading volume. Exness offers a wide range of financial instruments, including forex, cryptocurrencies, metals, energies, and indices, providing clients with diverse trading opportunities.
The company's scale is also reflected in its technological infrastructure. Exness has invested heavily in advanced trading platforms and tools to enhance the trading experience for its clients. It offers popular platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as its proprietary WebTerminal and mobile applications, enabling clients to trade seamlessly across different devices.
Exness prioritizes transparency, security, and client satisfaction. It places great emphasis on regulatory compliance and adheres to stringent regulatory standards. The company also focuses on providing excellent customer support, educational resources, and competitive trading conditions to meet the needs of both beginner and experienced traders.
Maximum number of positions: MT4 Demo: 1000, MT4 Real: 1000
Maximum number of pending orders:nMT4: 100, MT5 Trial: 1000, MT5 Real: Unlimited
Maximum number of market orders: MT4: No special limit (only the limit for cumulative number of orders mentioned above), MT5 Trial: 1000, MT5 Real: Unlimited
Margin Call: 30%
Stop Out: 0%
Trading Platform: s MT4 and MT5
Trading Commission: No commission charged
Swap Free: Available
Exness Zero account
Minimum Initial deposit: Starting from USD 200
Maximum leverage: 1:Unlimited
Account currencies: AED ARS AUD AZN BDT BHD BND BRL CAD CHF CNY EGP EUR GBP GHS HKD HUF IDR INR JOD JPY KES KRW KWD KZT MAD MXN MYR NGN NZD OMR PHP PKR QAR SAR SGD THB UAH UGX USD UZS VND XOF ZAR
Maximum number of positions: MT4 Demo: 1000 & MT4 Real: 1000
Margin Call: 30%
Trading Platforms: MT4 and MT5
Trading Commission: Up to USD 3.50 per lot
Swap Free: Available
Exness offers Forex account types that are suitable for beginners. They provide a range of account options to cater to different trading needs and experience levels. Here are some of the account types offered by Exness:
Cent Account: This account type is designed for beginners as it allows trading with smaller trade sizes. It is denominated in cents, which helps traders to manage their risks effectively while learning the ropes of Forex trading.
Mini Account: The Mini Account is another option suitable for beginners. It provides access to the Forex market with relatively smaller initial deposits and allows traders to trade with smaller contract sizes.
Standard Account: The Standard Account is a more advanced account type but can still be suitable for beginners who have gained some trading experience. It offers more competitive spreads and allows for larger trade sizes.
Good Exness trading conditions
Exness trading conditions are generally considered favorable for beginners. Here are some aspects of Exness trading conditions that can be beneficial for beginners:
Minimum Deposit: Exness offers account types with low minimum deposit requirements, making it accessible for beginners who may not have substantial capital to invest initially.
Leverage Options: Exness provides flexible leverage options, allowing traders to choose the level of leverage that suits their risk appetite and trading strategy. Beginners can start with lower leverage to manage risks effectively.
Demo Accounts: Exness offers demo accounts that allow beginners to practice trading in a risk-free environment. Demo accounts provide virtual funds to trade with real market conditions, helping beginners to gain experience and test their strategies.
Educational Resources: Exness provides educational materials, including tutorials, webinars, and market analysis, to help beginners learn about Forex trading concepts, strategies, and market dynamics.
User-Friendly Platforms: Exness offers user-friendly trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are widely used and have a wealth of trading tools and indicators. These platforms are beginner-friendly and provide a smooth trading experience.
Exness Fees – Exness spread
The fees charged by Exness primarily consist of spreads, which is the difference between the buying and selling prices of a trading instrument. The spread is essentially the cost of executing a trade on the Exness platform. Here’s an overview of Exness spreads:
Raw Spread Account: Commission: Starts from USD 0.01 per side per lot, can go up to USD 3.50 per lot depending on the instrument traded.
Zero Account: Commission: USD 0.2 per side per lot.
Standard Account:Commission: USD 0.2 per side per lot, with a minimum commission of USD 2 per trade.
Pro Account:Commission: USD 0.2 per side per lot, with no minimum commission.
Exness’s low commission rates, such as the example you provided for the Zero Account, can indeed be a favorable aspect for traders looking to minimize their trading costs. However, it’s still important to assess all the costs involved, including spreads and any other fees, to get a comprehensive understanding of the total expenses associated with trading on the platform.
Exness leverage
Forex Leverage: For forex trading, Exness provides flexible leverage options. The maximum leverage available can range from 1:2 to 1:Unlimited, depending on the regulatory requirements and the account type. It’s important to note that higher leverage can amplify both potential profits and losses, so it should be used with caution.
Exness leverage rules
It’s crucial for traders to understand the risks associated with using high leverage. While it can amplify profits, it can also lead to significant losses. Traders should have effective risk management strategies in place.
Exness unlimited leverage
Exness unlimited leverage means that traders can trade with any leverage they desire, without any restrictions. This can be a very risky strategy, as it can lead to large losses if the market moves against the trader’s position. However, it can also be a very profitable strategy, if the trader is able to correctly predict the direction of the market.
Good Exness demo Forex trading account
Exness provides a demo Forex trading account that allows traders to practice and familiarize themselves with the platform and market conditions without risking real money. Here are some features and benefits of the Exness demo account:
Risk-Free Practice: The Exness demo account provides a risk-free environment for beginners to practice trading strategies, test their skills, and get comfortable with the trading platform.
Real Market Conditions: The demo account simulates real market conditions, including live prices and execution speeds, allowing traders to experience trading in a realistic manner.
Virtual Funds: The demo account comes pre-loaded with virtual funds, which can be used to place trades and test different trading strategies. This enables beginners to gain hands-on experience without the fear of incurring any losses.
Access to Trading Tools: The demo account provides access to a wide range of trading tools, indicators, and charting features available on the Exness platform. Traders can utilize these tools to analyze the market and make informed trading decisions.
Unlimited Usage: Exness demo accounts typically have no time limits or restrictions, allowing traders to use the account for as long as they need to build their skills and confidence.
Exness deposits and withdraws instantly
Exness offers fast and efficient deposit and withdrawal processes, aiming to provide seamless transactions for its clients. While the speed of deposits and withdrawals can vary depending on several factors, such as the payment method and the specific circ*mstances, Exness generally strives to process transactions as quickly as possible. Here are some key points regarding deposits and withdrawals with Exness:
Deposits: Exness supports a wide range of deposit methods, including bank transfers, credit/debit cards, and various electronic payment systems. Deposits are typically processed instantly or within a few minutes, allowing traders to fund their accounts and start trading promptly.
Withdrawals: Exness aims to process withdrawal requests promptly. The processing time for withdrawals can vary depending on the payment method chosen and additional verification requirements, such as KYC (Know Your Customer) procedures. In many cases, Exness processes withdrawals within 24 hours, but it's important to note that it may take longer for the funds to reach your bank or payment account due to processing times on the recipient's end.
Payment Methods: Exness offers a wide range of payment options, including popular electronic payment systems like Neteller, Skrill, and WebMoney, as well as bank transfers and credit/debit cards. Different payment methods may have varying processing times, fees, and availability depending on your location.
Fast exness customer support in multiple languages
Exness is committed to providing efficient customer support services to its clients. They offer customer support in multiple languages to cater to their diverse international clientele. Here are some key points regarding Exness customer support:
Multilingual Support: Exness provides customer support in multiple languages to ensure effective communication with traders from various regions. The exact languages supported may vary, so it's advisable to check their official website or contact their customer support directly to confirm the languages available.
Channels of Communication: Exness offers several channels for reaching their customer support team. This typically includes email support, live chat, and phone support. These channels allow traders to choose the most convenient method of communication based on their preferences and urgency of the matter.
Response Time: Exness aims to provide prompt responses to customer inquiries. While the specific response time may vary depending on the complexity of the query and the current volume of support requests, Exness strives to address customer concerns in a timely manner.
Knowledge Base and FAQs: Exness also maintains a comprehensive knowledge base and frequently asked questions (FAQs) section on their website. These resources cover a wide range of topics and can provide answers to common queries, allowing traders to find information and solutions independently.
Education Exness
Exness provides educational resources and materials that can be beneficial for beginners in their Forex trading journey. Here are some aspects of Exness education that can be helpful for beginners:
Trading Guides and Tutorials: Exness offers a variety of trading guides and tutorials that cover fundamental concepts, trading strategies, technical analysis, risk management, and more. These resources are designed to provide beginners with a solid foundation in Forex trading.
Webinars and Seminars: Exness conducts webinars and seminars on various trading topics, including market analysis, trading strategies, and risk management. These educational events allow beginners to learn from industry experts and gain insights into the practical aspects of trading.
Video Lessons: Exness provides video lessons that cover different aspects of trading, including platform tutorials, trading psychology, and risk management. These visual resources can be helpful for beginners who prefer a more interactive learning experience.
Economic Calendar and Market Analysis: Exness offers an economic calendar and regular market analysis updates. These resources provide beginners with insights into important economic events, market trends, and potential trading opportunities.
Demo Accounts: As mentioned earlier, Exness provides demo accounts that allow beginners to practice trading in a risk-free environment. This hands-on experience can enhance their understanding of the markets and trading strategies.
Best Exness trading platform for beginners
Exness offers two popular trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), both of which are suitable for beginners. However, MetaTrader 4 is often considered the best Exness trading platform for beginners due to its user-friendly interface, extensive educational resources, and wide availability of trading tools and indicators. Here are some reasons why MT4 is often recommended for beginners:
User-Friendly Interface: MT4 has a straightforward and intuitive interface, making it easy for beginners to navigate and understand. The platform's layout and design are user-friendly, allowing beginners to quickly grasp its key features and functionalities.
Educational Resources: MT4 offers a wealth of educational resources, including tutorials, guides, and videos, which can assist beginners in understanding the platform, learning about trading concepts, and improving their trading skills.
Availability of Indicators and Tools: MT4 provides a vast library of technical indicators, charting tools, and automated trading options. Beginners can utilize these tools to analyze the market, identify trading opportunities, and execute trades more effectively.
Community Support: MT4 has a large and active trading community, with various online forums and social platforms where beginners can seek advice, share experiences, and learn from more experienced traders. This community support can be valuable for beginners as they navigate their trading journey.
Exness Broker Review 2023
Advantages of Exness:
Regulation and Security: Exness is regulated by reputable financial authorities such as the FCA and CySEC. This provides a high level of trust and security for traders, as the broker is required to adhere to strict regulatory standards.
Wide Range of Trading Instruments: Exness offers a diverse selection of trading instruments, including major and minor currency pairs, commodities, indices, and cryptocurrencies. This allows traders to access a variety of markets and diversify their trading portfolios.
Competitive Spreads and Execution: Exness is known for offering competitive spreads, which can help traders reduce trading costs. Additionally, the broker provides fast and reliable trade execution, ensuring that orders are executed promptly and at the best available prices.
User-Friendly Trading Platforms: Exness offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, known for their user-friendly interfaces and advanced trading features. These platforms provide traders with access to a wide range of tools and indicators for technical analysis.
Educational Resources and Customer Support: Exness provides educational resources, including tutorials, webinars, and market analysis, to help traders improve their trading skills and stay informed about market developments. The broker also offers multilingual customer support available 24/7 to assist clients with any inquiries or issues.
Disadvantages of Exness:
Limited Account Options: While Exness offers a variety of account types, some traders may find the options limited compared to other brokers. The account types may not cater to specific trading preferences or strategies.
Limited Research and Analysis Tools: While Exness provides basic market analysis and educational resources, some traders may find the research and analysis tools offered by the broker to be limited compared to other platforms.
Restricted Services in Certain Jurisdictions: Exness may have restrictions on providing services to clients from certain jurisdictions. Traders should check if Exness accepts clients from their country before opening an account.
Limited Promotional Offers: Exness may have fewer promotional offers or bonuses compared to other brokers in the industry. Traders who value such incentives may find the options limited with Exness.
How to trade Exness forex for beginners
To trade Forex with Exness as a beginner, here are some steps you can follow:
Educate Yourself: Before you start trading, it's important to educate yourself about the Forex market, including how it works, basic terminologies, and fundamental and technical analysis. Exness provides educational resources such as tutorials and webinars that can help you gain a better understanding of Forex trading.
Open an Account: Visit the Exness website and open an account. Exness offers different account types, so choose the one that suits your trading preferences. Consider factors such as minimum deposit requirements, leverage options, and available trading instruments.
Verify Your Account: Exness requires account verification to ensure compliance with regulatory requirements and enhance security. Provide the necessary identification documents requested by the broker to verify your account.
Fund Your Account: Once your account is verified, you can fund it by depositing money. Exness offers various payment methods such as bank transfers, credit/debit cards, and e-wallets. Choose the method that is convenient for you and follow the instructions to deposit funds into your trading account.
Choose a Trading Platform: Exness offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Download and install the platform of your choice on your computer or use the web-based version provided by Exness. Familiarize yourself with the platform's features and functionalities.
Practice with a Demo Account: Exness offers demo accounts that allow you to practice trading without risking real money. Use the demo account to get familiar with the trading platform, test your trading strategies, and gain confidence in your trading abilities.
Develop a Trading Strategy: Define your trading goals and develop a trading strategy that aligns with your risk tolerance and trading style. Consider factors such as entry and exit points, risk management, and position sizing.
Start Trading: Once you feel comfortable with your strategy and have practiced enough on the demo account, you can start trading with real money. Monitor the market, analyze price movements, and execute trades based on your strategy.
Manage Risk: Implement proper risk management techniques to protect your capital. Set stop-loss orders to limit potential losses and consider using take-profit orders to secure profits. Never risk more than you can afford to lose.
Monitor and Learn: Continuously monitor your trades, review your performance, and learn from your successes and failures. Keep up with market news and updates that may impact your trades.
FAQs
Which Exness account is best for beginners?
Exness offers different types of trading accounts, each designed to cater to the needs of different types of traders, including beginners. The best account for beginners on Exness depends on various factors such as trading experience, financial goals, and risk tolerance. However, two popular account types suitable for beginners are:
Cent Account: The Cent Account is designed for new traders or those who prefer to trade with smaller amounts. This account type allows you to trade with cents rather than dollars, which lowers the risk and helps beginners to gain experience in real-market conditions with a smaller investment.
Mini Account: The Mini Account is another suitable option for beginners. It offers a low minimum deposit requirement and allows you to trade with smaller lot sizes. This account type is beneficial for beginners who want to start with a slightly larger investment than the Cent Account but still want to manage their risk.
Is Exness good for day trading?
Exness is a good choice for day trading because it offers a variety of features that are beneficial for day traders. These features include:
Low spreads: Exness offers some of the lowest spreads in the industry, which can save you money on your trades.
Fast execution: Exness's servers are located in multiple locations around the world, which helps to ensure fast execution of your trades.
A wide range of trading instruments: Exness offers a wide range of trading instruments, including forex, CFDs, and cryptocurrencies. This gives you the flexibility to trade a variety of markets.
A user-friendly platform: Exness's trading platform is easy to use and navigate, even for beginners.
24/7 customer support: Exness offers 24/7 customer support, so you can always get help when you need it.
How long does Exness withdrawal take?
Exness's withdrawal times vary depending on the withdrawal method you choose. Here are the withdrawal times for each method:
Exness is a forex and CFD broker that offers a variety of trading instruments and account types to suit the needs of both beginners and experienced traders. Beginners can start trading with Exness by opening a demo account, which allows them to practice trading without risking any real money. Once they are ready to start trading with real money, they can open a live account.
Exness offers a variety of educational resources to help beginners learn how to trade, including webinars, video tutorials, and articles. They also offer a customer support team that is available 24/7 to answer any questions that beginners may have.
Which country uses Exness the most?
According to SimilarWeb, the countries that use Exness the most are:
Exness is a real forex and CFD broker that is regulated by the Cyprus Securities and Exchange Commission (CySEC). The company has been in business since 2008 and has over 100,000 active clients. Exness offers a variety of trading instruments, including forex, CFDs, and cryptocurrencies. The company also offers a variety of account types, including standard, professional, and VIP accounts.
Exness is a popular choice for traders because of its low spreads, fast execution speeds, and wide range of trading instruments. The company also has a good reputation for customer service.
How much can you start with Exness?
You can start with as little as $1 with Exness. This is one of the lowest minimum deposit requirements in the industry, making it a great option for beginners who don't want to risk a lot of money.
Here are the minimum deposit requirements for each type of Exness account:
Standard account: $1
Zero account: $200
Pro account: $500
In conclusion, Exness is undeniably a suitable trading platform for beginners. Its user-friendly interface, abundance of educational resources, low minimum deposit requirement, flexible leverage options, and reliable customer support make it an excellent choice for those starting their trading journey. With Exness, beginners can acquire the necessary knowledge, gain practical experience, and develop their trading skills with confidence.
If you're a beginner looking to embark on your trading journey, we highly recommend considering Exness as your platform of choice. Start your trading adventure with Exness today and unlock your potential as a successful trader.
Exness is a legitimate online trading platform, as it is authorized and regulated by several respected international regulatory bodies, ensuring that clients' financial security is protected. The presence of multiple regulatory licenses is a strong indication that Exness operates under strict compliance standards.
In conclusion, Exness is an excellent choice for beginners looking to start their trading journey. With its user-friendly platform, low minimum deposit requirement, demo account availability, and excellent customer support, it caters to the needs of beginners.
Since Exness is not legally allowed to operate in the US, residents looking to engage in forex trading can consider alternative platforms. The most obvious choice would be to seek out a broker that is registered with the CFTC and NFA, as these brokers have met the necessary requirements to operate in the US market.
Exness minimum deposit in Nigeria is $10 around N16, 000 and with this you can open a Standard Account for trading. Exness Professional Accounts require N800, 000 minimum deposit. Exness Minimum Deposit in Kenya is 1,333 KES or $10 (for the Standard Account) and you can deposit through local means including MPESA.
Exness, a renowned forex broker, offers a platform for individuals to engage in forex trading and potentially earn substantial profits. If you're wondering how to earn from Exness, this comprehensive guide will provide you with valuable insights and strategies to kickstart your trading journey.
Deposits and withdrawals can be executed 24/7. If a deposit or withdrawal is not instant, we will process it within 24 hours. Bear in mind, it may take your bank or payment service a little longer. We can't be held liable for any deposit or withdrawal processing delays that are caused by payment systems.
Spread markup: While the Exness Zero Account offers commission-free trading, there is a spread markup, which may increase trading costs for some traders.
Exness is a regulated broker, holding multiple regulatory licenses from several financial authorities across the globe such as the Seychelles Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)*, the Financial Conduct Authority (FCA) in the UK*, South Africa Financial Sector Conduct ...
Forex Trading with just $50 is achievable and has the potential to help you supplement your income. However, starting on the right foot is important in order to avoid mistakes and unnecessary losses. So let's get you started on the right foot.
Exness does not charge any fees for withdrawals. Third-party payment processors may have their own fees and charges. The minimum withdrawal limit is $1 for most payment methods, except for bank transfers, which have a minimum withdrawal limit of $50.
Exness is a real forex broker, not a fake one. It is regulated by some well-respected financial authorities, including the FCA in the UK. Here's why some people consider them trustworthy: Regulation: Regulation by top-tier authorities implies some level of oversight and protection for clients.
Despite not being regulated by the SECP, Exness is not banned in Pakistan. However, the State Bank of Pakistan (SBP) has issued a warning to Pakistani traders about the risks of trading forex and CFDs. The SBP has also advised Pakistani traders to only trade with regulated brokers.
Why can't I find the Exness Trade app in Apple App Store or Google Play Store? If you are unable to find the Exness Trade app in the Apple App or Google Play Store, it is possible we, unfortunately, do not accept clients from your country of residence.
Introduction: My name is Dan Stracke, I am a homely, gleaming, glamorous, inquisitive, homely, gorgeous, light person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
