This account has zero pips spreads on the 30 most traded currency pairs for the majority of the trading day making it suitable for high-frequency and if you are using automated trading strategies. We think this account is best if you know exactly which currency pairs you intend to trade. The Pro Account is much the same as the Standard Account but has instant execution instead of market execution. Instant order execution is available for assets across forex, metals, indices, energy, and stocks but not cryptocurrencies and is a good choice if you want greater control of your orders. Exness excels in its account opening procedure, which is both efficient and user-friendly. Typically completed within 1 to 2 days, the process is quick and hassle-free.
- The other trading platforms of note are mainstream MetaTrader 4 and MetaTrader 5.
- Other than that, we think the customer service and support seem pretty good, and we scored Exness well accordingly.
- The Zero account, designed for market execution, provides zero spreads on top instruments for 95% of the day, making it suitable for expert advisors.
- For this reason, we have a hard time recommending this broker just because for safety reasons we feel a responsibility to only recommend brokers using top regulators.
- To enhance decision-making further, Exness may offer comparative analysis tools, allowing traders to compare the performance of different assets and select those best suited to their strategies.
The mobile version comes with TradingView charts integrated which is good especially as you can receive signals that TradingView will curate for you. We also found that the buy and sell buttons have market sentiment displayed on the, which was quite cool. Unlike with market execution, you will get a requote when spreads differ from your ordered price thus giving you a chance to accept or reject the new price. This can be explained by the fact that Exness used to offer trading services in these markets but has since left the UK and EU to focus on emerging markets. For this reason, we have a hard time recommending this broker just because for safety reasons we feel a responsibility to only recommend brokers using top regulators. Additionally, traders can access supplementary resources such as FAQs, trading guides, and educational materials.
Exness’ comprehensive approach to customer support reflects their commitment to assisting traders effectively and enhancing their trading experience. Exness offers mobile trading apps, as well as MT4 and MT5 for both Android and iOS devices. These apps grant traders the flexibility to access their accounts, execute trades, and monitor market developments while on the move. Exness does not specify a minimum deposit requirement, allowing traders to start with an amount that suits their financial situation. However, traders should be aware of potential minimum transaction amounts set by their payment providers. On the flip side, it’s not great that they aren’t regulated by many tier 1 regulators such as in Australia, The US, the UK, and The EU but to be fair Exness doesn’t accept clients from these countries anyway.
Once your account is live, any further deposits will need to be at least $10. If you are using a Standard or Pro account with Exness, then you can trade with up to 96 Forex pairs. If you are trading with the Raw or xcritical scammers Zero Account you can trade 73 Forex pairs which include fewer exotic pairs compared to the no-commission accounts. When selecting a broker, traders will need to weigh up which aspects are most important to them.
Can you automate trading with exness?
Exness offers unlimited leverage, which for better or worse, is a clear differentiator that sets it apart from many other forex brokers. Overall, we think Exness offers reasonably competitive spreads, a good range of account options, diverse funding methods which include cryptocurrencies, and a decent education. Exness is an ideal broker for both novice and seasoned traders, offering a wide range of trading instruments and advanced features. Its user-friendly platform and competitive spreads make trading hassle-free, while the absence of commission fees further enhances the value for traders. The broker’s robust regulation and commitment to security inspire confidence in traders, ensuring a safe trading environment.
Exness Key Features Snapshot
They have their headquarters in Cyprus, with satellite offices in Seychelles, South Africa, Curacao, the United Kingdom, and Kenya. Trade across multiple https://xcritical.online/ markets with the most stable and reliable pricing in the industry. There is no mention of guaranteed stop order fees in the provided information.
Diverse Tools for Varied Traders’ Needs
The other trading platforms of note are mainstream MetaTrader 4 and MetaTrader 5. The Exness Standard account offers you the full range of assets across forex, metals, cryptocurrencies, energy, indices, and stocks with no commission cost. With over 100 forex pairs, 34 crypto pairs, 98 blue-chip stocks, 13 commodities and 10 indices, you’ll have plenty of assets to choose from. In the table below, we compare the published spreads Forex brokers list on their websites with the published spreads Exness list for their commission-based accounts. Exness does claim to have an average of 0 pips for selected certain currency pairs and this stands out since no other broker claim this. The inclusion of indices, stocks, and options further enhances trading opportunities, providing exposure to various market segments and strategies.
Overnight Funding Fee
On their Zero account, they have zero pip spreads for the top 30 currency pairs 95% of the time however, you will be charged commissions on both types of accounts in addition to the spread. Exness offers efficient customer support services tailored to traders’ needs. They provide support during standard and extended hours to accommodate various time zones. Multi-channel support options, including live chat, email, and phone, cater to diverse communication preferences. Exness enriches its trading platform with a diverse range of unique tools and features designed to empower traders and elevate their decision-making processes.
With nearly 100 Forex pairs to trade, and a decent range of cryptos and hard commodities like metals and energies we were impressed. However, we would have liked to have seen more and they have seen more shares, indices, and ETFs available. Overall we think the accounts on offer by Exness are pretty good, providing you with the choice to select an account that aligns with your trading style. The commissions charged by Exness are also reasonable and as a result, we scored them highly for this.
Exness provides a web-based trading platform that can be accessed directly through a web browser. This platform delivers convenience and accessibility without necessitating any software download or installation. Exness operates as a regulated broker, ensuring a safe trading environment. The broker’s commitment to fraud prevention and fund security underscores its dedication to trader protection. The Exness Academy offers various courses which run through key concepts from managing the risks, to analysing price action. Due to the absence of detailed information regarding various fees and charges, it is advisable to reach out to their customer support for the most comprehensive and xcritical details.
Exness’ commitment to this diverse selection empowers traders to diversify their portfolios, adapt to market conditions, and implement a wide range of trading strategies to achieve their financial goals. It’s available for both iOS and Android, it has all the features you would expect of a mobile trading app. That is one-click trading and charts designed for the small screen, unsurprising the analytic tools are a bit more limited compared to the web version.
Funnily enough, I asked my colleague in Australia (where Exness don’t serve to assist me with testing the app) and unlike me, he uses iOS and he had a strange experience. The Exness terminal is built using HTML5 which ensures the browser loads fast and is secure thanks to advanced encryption. When we test the platform, we found it performed as well as any desktop which is a good thing as it means you can use the platform on any medium you can access a web browser, even mobiles.
We visited their website and it was pretty vague with details and had no information on the team. We subsequently checked Trustpilot and although they have a 4-star rating, there are several very negative reviews that accuse Pocket Option of being a scam. When he downloaded the app from the iOS app store, Exness Trade launched an entirely new branded product called Pocket Option which we hadn’t seen referenced anywhere on the Exness website. We are not entirely sure how to explain this, since we are not aware of any partnership between Exness and Pock Option, we can only presume this came about because Exness does not serve the Australian market. As an aside, my colleague also tried to test using the Australian Google Store and the Exness app does not show which makes sense.
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