The global brokerage firm Exness has headquarters in Seychelles, the British Virgin Islands, and South Africa. The company’s structure allows it to provide investment and financial services to clients worldwide, while its brand focuses on retail and corporate collaborations.
Exness has also formed a subsidiary in the United Kingdom called Exness UK Ltd, which is fully regulated and focuses on business-to-business proposals.
Traders can benefit from Exness Malaysia narrow spreads and lack of hidden commissions in a hospitable trading environment, which has earned the company multiple accolades as a retail broker. With MT4, traders have access to a variety of CFDs and Futures on a wide variety of exchanges. A brief analysis of Exness is provided down below.
Exness Pros and Cons
Although Exness offers a safe and secure trading environment and is approved by multiple regulatory bodies, including the South African Financial Services Board, we anticipate a lengthy approval process. Before obtaining its SA license and expanding internationally, Exness was CySEC and FCA licensed. Trading platforms that rely heavily on the MetaTrader platform tend to deliver reliable order execution, and those platforms also tend to provide valuable resources for learners and analysts.
As for the negatives, the proposition varies from jurisdiction to jurisdiction, and the product offering is limited to Forex and CFD-based trading instruments with no multi-currency accounts. It’s a good idea to be sure this is right for you because regulations and Broker licenses are constantly evolving, which can significantly impact the kinds of changes and differences that traders experience in their trading accounts.
Is Exness a scam or a safe Broker?
Exness is not a scam because it complies with all regulatory criteria and is authorized to do business in South Africa by the Financial Sector Conduct Authority (FSCA).
Where is Exness Broker located?
Exness Group is subject to the laws and regulations of each country in which it operates. This means the broker can offer international trading proposals for financial products and services within the scope of its activity.
Although Exness’ licensing is in flux—it used to operate under a CySEC license. Still, it operates primarily in South Africa and internationally with a license from the offshore jurisdictions of Seychelles and the British Virgin Islands (BVI), which provide more in the way of registration than serious regulation. For the time being, b2b is the primary focus of the UK’s licensed and branch operations.
Types of Accounts
Standard Cent Account, perfect for smaller traders, Standard Account, and Professional ECN Account, all with raw spread offering and commission charge per trade, are just a few of the account types provided by Exness, which also offers instant payment options supports more than 80 different currencies. Inactive accounts incur no Exness fees.
As a bonus, you may practice trading with a trial account or dive headfirst into the forex markets with a real money account. Traders from various parts of the world may, however, be presented with various account options, each of which may have its own set of rules and requirements to follow to remain compliant with local law.
Compare the pros and drawbacks of the many trading platforms we provide, including the market-leading MetaTrader4 and MetaTrader5 and the mobile trading platforms and MT4 WebTerminal, which can be accessed from any device.
Both MetaTrader4 and MT5 are well-respected pieces of industry software, but MT5 represents a significant advancement over its predecessor in terms of both feature sets and flexibility. There is no need to download or install anything to use Web Trading or any other available versions; they can all be accessed directly from your browser.
However, the desktop version will always have more functionality and customization options than the Web version, so if you need to design a thorough strategy, you should use the desktop version.
Compared to more than 500 different brokers, the Exness Trading Platform comes out on top with an overall rating of 8 out of 10. We give it a positive review because it is available in multiple variants but is constrained to the MetaTrader platform. We would also rank highly highly if you include research, tools, copy trading, Robot Trading, EAs, and quality execution.
The industry standard, MT4, and its updated version, MT5, are compatible with PCs and Macs. It’s worth reiterating that every account fully supports both platforms; there’s no need to choose between them.
Which Trading Methods Are Allowed?
The fact that your preferred trading strategy can be executed at Exness because almost any trading style is permitted is a significant benefit of using Exness. Additionally, the streaming line of the platforms includes a glossary, Technical analysis from Trading Central, high-quality VPS hosting, economic calendars, quotes history, and the latest news affecting the Forex market courtesy of Dow Jones News, the world’s largest provider of information.