• January 16, 2023
• BrokerIdeas
• News & Blog

EXNESS Review: Personal Experience with Top-Ranked Broker 

EXNESS is a top-ranked online forex and CFD broker that has been in business since 2008. In this review, we will be sharing our personal experience with this broker, including the features and services that stood out to us, as well as any areas that we felt could be improved.

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Platforms and Features

One of the things we liked most about EXNESS was the variety of platforms they offered. In addition to the popular MetaTrader 4 and MetaTrader 5 platforms, they also have their own proprietary web trader, mobile apps, and even a multiterminal for managing multiple accounts. The platforms were all easy to navigate and provided a wide range of tools and features for analyzing and executing trades.

Account Types and Minimum Deposits

EXNESS offers a variety of account types, including Cent, Mini, Classic, and ECN, which means there is something for traders of all levels and experience. The minimum deposit is also very low, which is great for beginners who are just starting out.

Trading Costs and Fees

One of the things we liked most about EXNESS was their competitive spreads and fees. They also offer zero spreads on certain account types, which can be very beneficial for traders who are looking to maximize their returns. We were also impressed with the number of deposit and withdrawal options available, as well as the quick processing times.

Customer Support

EXNESS’s customer support was another standout feature for us. They offer 24/7 support in multiple languages, and the representatives we spoke with were always helpful and knowledgeable. They also have a wide range of educational resources and training materials that can be very helpful for new traders.

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Security and Regulation

One of the most important factors to consider when choosing a forex broker is the level of security and regulation they provide. We were pleased to find that EXNESS is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA), which means they are required to comply with strict financial regulations and security protocols. This gave us peace of mind knowing that our funds and personal information were safe.

Leverage and Margin

EXNESS offers a wide range of leverage options, from 1:1 to 1:2000, which means traders can choose the level of risk that is most comfortable for them. Additionally, the broker has a negative balance protection, which ensures that traders cannot lose more than the amount in their account.

Trading Tools and Resources

EXNESS provides a wide range of trading tools and resources to help traders make informed decisions. These include live market analysis, economic calendar, trading signals, and a variety of indicators and charting tools. These are very helpful for traders who are looking to improve their skills and increase their chances of success.

Bonus Programs and Promotions

EXNESS offers a variety of bonus programs and promotions that can help traders boost their trading capital. These include deposit bonuses, cashback programs, and trading contests. These bonuses can be very beneficial for traders who are looking to increase their trading volume and make more trades.

Partnership with Trading Central

EXNESS has a partnership with Trading Central, a leading provider of technical analysis and trading strategies. This partnership allows traders to access Trading Central’s expert analysis and insights, which can be very helpful for making informed trades.

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Take a look at our in-depth analysis of this broker.

Automated Trading

EXNESS offers an automated trading feature that allows traders to set up and execute trades automatically using pre-programmed rules and algorithms. This can be very useful for traders who are looking to save time and increase their chances of success.

Mobile Trading

EXNESS has mobile trading apps for both iOS and Android devices, which are designed to provide traders with a seamless trading experience on-the-go. The apps are easy to navigate and provide access to all the features and tools available on the desktop platforms.

Deposit and Withdrawal Options

EXNESS offers a wide range of deposit and withdrawal options, including credit/debit cards, bank transfers, and e-wallets such as Skrill and Neteller. The processing times for deposits and withdrawals were very quick, and we had no issues with any of the transactions.

Multilingual Support

EXNESS offers customer support in multiple languages, which is very helpful for traders who are not fluent in English. This ensures that traders from all over the world have access to the help they need, when they need it.

Awards and Recognition

EXNESS has received numerous awards and recognition for its services, including the “Best Mini Forex Broker” award from World Finance, and the “Best Forex Broker Asia” award from International Finance Magazine. These awards are a testament to the high quality of the broker’s services and its commitment to providing the best possible experience for its traders.

Spreads and Swap Rates

EXNESS offers some of the most competitive spreads and swap rates in the industry. The broker’s low spreads and swap rates means traders can save money on trading costs and keep more of their profits. This can be especially beneficial for traders who are looking to trade with high volumes or hold positions for long periods of time.

Hedging and Scalping

EXNESS allows traders to hedge and scalp, which are advanced trading strategies that can be used to manage risk and increase profits. This is a major advantage for experienced traders who are looking to use these strategies to their advantage.

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Micro Lot Trading

EXNESS allows traders to trade in micro lots, which are a fraction of a standard lot. This is useful for traders who are looking to trade with smaller amounts of money or who want to test their strategies with a lower level of risk.

No Dealing Desk Execution

EXNESS is a no-dealing-desk (NDD) broker, which means that traders’ orders are executed directly on the interbank market. This eliminates the risk of dealing with a broker who may act as a market maker, and can help traders achieve more favorable prices.

Partnership with ZuluTrade

EXNESS has a partnership with ZuluTrade, a leading social trading platform that allows traders to follow and copy the trades of other traders. This can be very helpful for traders who are looking to learn from more experienced traders or who want to take advantage of the expertise of other traders.

Automated Trading Systems

EXNESS offers its traders access to a wide range of automated trading systems, or expert advisors (EAs), which can be used to automate trading strategies and help traders save time and increase their chances of success. These EAs can be customized to suit the trader’s specific needs and can be used to trade on any of the available platforms.

Economic Calendar

EXNESS provides its traders with access to an economic calendar, which is a tool that shows the dates and times of upcoming economic events, along with their expected impact on the market. This can be very helpful for traders who are looking to trade based on economic news and events.

Trading Signals

EXNESS offers its traders access to trading signals, which are alerts that indicate when a trade opportunity is available. These signals can be generated by automated trading systems or by human analysts, and can be used to help traders make more informed trading decisions.

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Take a look at our in-depth analysis of this broker.

VPS Services

EXNESS offers VPS services, which allow traders to run their EAs on a remote server, thereby eliminating the need for the trader to keep their computer running 24/7. This can be very helpful for traders who are looking to run multiple EAs or who want to ensure that their EAs are always running, even if their computer is turned off.

Partnership with Trading Central

EXNESS has a partnership with Trading Central, a leading provider of technical analysis and trading ideas. This partnership allows traders to access Trading Central’s market analysis and trading ideas, which can be very helpful for traders who are looking to improve their trading performance.

24/7 Support

EXNESS offers its traders 24/7 support, which means that help is always available when traders need it. This can be very helpful for traders who are looking to trade in different time zones or who need assistance with a problem outside of normal business hours.

Multi-Language Support

EXNESS offers support in multiple languages, which means that traders can receive assistance in their native language. This can be very helpful for traders who are not fluent in English or who feel more comfortable communicating in their native language.

Live Chat Support

EXNESS offers live chat support, which means that traders can get instant assistance with their questions and problems. This can be very helpful for traders who need help with a problem that requires immediate attention.

Phone and Email Support

EXNESS also offers phone and email support, which means that traders can contact the broker through these channels if they prefer. This can be very helpful for traders who prefer to communicate through these channels or who need to provide additional information or documents.

Educational Resources

EXNESS offers a wide range of educational resources, including articles, webinars, and video tutorials. These resources can be very helpful for traders who are looking to learn more about trading, improve their trading skills, and stay up-to-date with the latest market developments.

Final Verdict

EXNESS is an excellent choice for traders who are looking for a reliable and trustworthy online broker. The broker offers a wide range of advanced tools and features, such as automated trading systems, economic calendar, trading signals, VPS services, and partnership with Trading Central, which can help traders save time and increase their chances of success. Additionally, the broker also offers competitive spreads and swap rates, allows hedging and scalping, micro lot trading, and is a no-dealing-desk (NDD) broker. Furthermore, the broker’s customer support is also top-notch, offering 24/7 support, multi-language support, live chat support, phone and email support and a wide range of educational resources. All of these features make EXNESS an ideal choice for traders of all levels, from beginners to advanced traders.

➔ Click Here for Detailed Review
Take a look at our in-depth analysis of this broker.

 

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