Exness is an online forex broker that made its way into the market in 2008 in Russia. Since it has been established, the company has been on the rise and has won a number of awards and accolades for the transparency that it exhibits in its dealing. While being quite popular, Exness is yet to adapt to the new concept of social networking in the field of forex trading. It won the award of Best International Broker in 2014 and Best Educational Broker in 2015.
The trading platform offered by Exness is that of the reliable MetaTrader. Traders have the option of choosing between MetaTrader 4 and 5. The services of trading can also be attained using mobile devices as the MetaTrader platform is available for iPhone, iPad, BlackBerry, Android and Windows Phone.
There are four different types of accounts that it offers to its clients. The cent trading account, which does not have a set minimum deposit, is meant to be used by those who are new to the forex market and are looking for a test tradeoff. The mini trading account, which does not require a minimum deposit, is for the beginners who have some basic understanding of trading. The classic trading account, which requires a minimum deposit of $2000, is supposed to be used by professional traders. The EN trading account is to be used by those professional traders who are looking to ensure that there is no conflict of interest between them and their broker. It requires a minimum deposit of $3000.
Exness does not charge any commission for the trades that are done via it. However, it generates revenue by adding on a spread on the quote which it presents to its clients.
In order to ensure that deposition of funds is not a problem for the clients, they are offered a number of options with which they can make their deposit. These include the likes of CashU, MasterCard, Perfect Money, QIWI, RBK Money, Skrill, Visa, WebMoney and wire transfer.
Withdrawal of money has also been made quite feasible and can be done via CashU, internal transfer, MasterCard, Perfect Money, RKB Money, Ruble Wire Transfer, Skrill, Visa, WebMoney, wire transfer, and Yandex.Money.
- Tight spreads with the lowest starting from 0.3pip
- High leverage
- Impressive customer support
- CySEC regulated
- Different types of trading accounts
- Requires low deposits
- Can trade CFDs
The customer support is quite impressive. The website supports as many as 17 languages, which include the likes of Bahasa Indonesia, Bahasa Malaysia, Arabic, Chinese, English, Farsi, German, Russian, Hindi, Thai, Urdu, Vietnamese, Tamil and Bengali.
The customer service representatives can be contacted on live chat or can be telephoned at any time of the day. You can also email them to avail their assistance.
While it cannot be denied that the lack of social networking does seem to be a drawback, the admirable services that Exness offers coupled with its transparent approach makes up for it. It has received impressive feedback from its clients.