You can trade in various financial assets, including cryptocurrencies, Comex, forex, stocks, energies, etc on the platform. Also, there are six types of accounts, including the demo account, so traders can choose the best account that suits their needs.
Exness offers products and services in more than 120 countries and has a large customer base. The platform fully complies with the laws and is well-regulated. So, no doubt, the platform is secure and reliable for beginners. The fees and commission structure of Exness are also transparent and low. Also, there are no inactivity and withdrawal fees. You will get access to 24/5 customer support in 13 languages. The best part about the platform is it offers clients protection against negative balance. It means you will never lose more money than your deposit. It also provides some of the best algorithms programs suitable for automated trading. Also, it offers social or copy trading services, so you can copy the trades of expert and advanced traders.
There are many pros to subscribing to Exness; however, it may not be suitable for beginners as the platform does not offer trading education and training. So if you are a beginner with a lack of market knowledge, you have to learn from any other platform. However, the platform is suitable for intermediate and advanced traders. One of the key advantages of the exness is that it offers leverage up to 1: 2000, which is very high compared to other brokers. So, a trader with less account balance can also place big trades. But it may be seen as a negative aspect because, with great profit, chances of huge loss are also there. Also, it is advisable not to take too much leverage for risk management.
OUR ASSESSMENT OF THE EXNESS
In our exness review, we have analyzed all the products and services of the platform and find that it is an overall good platform to open your trading account with. Exness has a legit website. The information regarding all the account types and services with their prices is available on the platform. Also, a trader can go for low spreads or commission-free accounts. You can open an account with $10. However, many brokers in the market offer traders to open an account with zero balance.
We have also analyzed the previous reviews and client satisfaction of exness brokers. There are almost positive reviews about the platform. Also, except from educational materials, you can find everything you need for trading on the platform. The payment system is also transparent. You can make payments through electronic wallets or cards you are comfortable with. The customer support system is also very good; you can file your complaint 24/7.
As per our exness review, it offers different account types, low commission and spreads, trading tools, automated trading, swap-free trading, high leverage, protection against negative balance, and several other services you are looking for. Plus, the broker also takes security measures to counter hacking and fraud & provide safe trading.
Like any other broker’s platform, exness also has certain advantages and disadvantages. However, the ratio of pros is more than the cons. Based on our assessment, we give exness 88 trust scores out of 100 & on a scale of one to five, it got four-point three ratings.
- One of the most common problems with many forex brokers is withdrawal process is very complicated, and there are also some charges. However, with exness, there are no withdrawal fees. The broker’s platform is famous for instant withdrawals.
- Exness provides the most accurate trading indicators. Also, it provides traders with an interactive interface. You can ask your doubts to experts and place trades based on their suggestions. Also, the quality of automated trading tools is good. So, you can use combine expert advice with robot interpretation for logical trading.
- Traders who trade with high leverage can go for Exness, as while other brokers have leverage limits; the platform offers very high and unlimited leverage in certain cases. But for using high leverage, the risk is also high. So good market knowledge is essential to take this benefit otherwise you may suffer loss.
- Many reputed forex brokers provide educational material, such as books, courses, webinars, videos, etc., for free to promote their services. However, with exness, there is no education and limited research material. Also, the quality of analytical content is comparatively low.
- Exness does not accept US and Israeli clients due to regulatory issues, and even the platform has stopped its services in some parts of Europe. It can be a huge drawback as you have to first check whether it is available in your country. Also, unavailability due to regulatory issues may create trust issues in the client’s mind.