Everyone in the industry searching for an Exness broker review on their interest in trading. We have made this post to help everyone.
Exness is a UK-registered Forex broker having its headquarters in London. The company was established in 2008 and has since then grown to become one of the most popular brokers for beginners. With high leverage, low spreads, and tight security measures, Exness is an ideal place to start learning about trading.
Exness Broker – Let’s Read About Them
If you are searching for Exness broker reviews, you are reached at the right place, we have mentioned below the best options and what they are offering.
Leverage & Margin
Exness offers up to 1:400 leverage on EUR/USD, GBP/USD, and USD/CHF. A leverage of up to 1:20 is provided for other pairs. High leverage means that you can trade with large amounts of money, but it also requires prudence as any substantial losses may occur very quickly. You should always make sure you fully understand the risks of trading.
Stop Loss and Take Profit orders
Stop orders (or Stop Loss) are used to limit your losses when trading. When a position is opened, the broker places an order to close it in case its price reaches a certain level. This can be used when trading breakouts or in any other case when you are in a losing position.
Take Profit orders (or Take Profit Limit) are used in the same way to take profits when trading breakouts. When your position is in profit, an order is placed to close it at a certain level. This can also be used in any other situation where you need to take your profits and want to accumulate them.
You should consider using these orders as they allow you to trade without constant monitoring of your positions and ensure that no major losses will occur if the price moves against you. This means that you can focus on learning everything about trading instead. However, keep in mind that your position may be closed out at a less favorable level than expected if the price moves quickly.
Mobile App
Exness has a fully functional mobile app that allows trading while on the go. You can download the app from the Google Play Store and Apple App Store.
The Exness web trading platform is very well-designed and easy to use. While it appears simple at first glance, trading with Exness is a rather complex procedure. Some features – such as stop loss and take profit – may be difficult to understand for beginner traders.
Exness Customer Support
Exness provides 24/5 customer support via email, telephone, social media, and live chat. In comparison with most brokers, the response time of their agents is rather slow. Therefore, if you have an urgent question or issue that requires immediate assistance, the best thing to do is directly contact their head office in London.
Withdrawal and deposit options
Exness provides a wide range of withdrawal and deposit options. Deposits can be made with credit/debit cards, bank transfers, and e-wallets such as Skrill, Qiwi, Perfect Money, and Webmoney. Withdrawals can also be made using any of those methods. However, you should know that there might be additional fees that are applied by the payment system or e-wallet you are using.
Exness has low spreads compared to most brokers, but high financing rates (especially on weekends). They offer tight security measures and advanced technical analysis tools; however, their customer support might not always be up to par with what clients expect. All in all, Exness is an ideal broker for beginners.
Is Exness Legit?
Exness is a legal broker in Europe and the US. While their HQ is located in London, they have additional offices in Russia, Cyprus, and Dubai. The company is regulated by the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).
Conclusion
Overall, Exness is a great broker for beginners as it provides tight security and low spreads. Their mobile app makes trading on the go easy and convenient, but the slow response time of customer support is a downside. Hope the Exness broker review post will help you to learn more about them. If still, you still have any queries, reach out through comment or mail.
