However, if you’re looking for more regulatory coverage, a broader selection of stocks, insightful in-house analysis, or advanced tradable instruments like options or ETFs, brokers like IG or eToro are a better fit. Also worth mentioning is the currency converter, which lets you calculate live foreign exchange rates and convert all major and exotic currency pairs. This is a nice touch not usually available at alternatives and is another reason Exness is a great option for forex traders. The broker also waives deposit and withdrawal fees, although e-wallet and crypto transfers may incur nominal charges from the issuer.
Enhancing Trader Education
If we ignore the quick of somehow downloading Pocket Option (which you are unlikely to come across in markets Exness actually accepts clients from) then we think the offering Exness have is quite decent. Not only can you choose between 3 quality trading platforms they also have a good social trading app that avoids the generic offering many brokers are creating. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.
Exness Account Opening Process
To our employee xcritical reviews community and beyond, this means we always work to support their growth. Within the wider global community, we make it our business to be supportive members. We routinely provide the help needed to improve people’s lives and protect the environment. Exness makes its money by charging a commission when orders are opened or closed.
The minimal swap fees and the option for social trading are additional advantages for traders. Another unique feature is the unusually broad selection of instruments in certain categories like forex and crypto. The proprietary Exness Terminal platform merges user-friendliness with advanced features, including analysis from Trading Central and price alerts, enhancing the trading experience. I encountered the largest range of tradable currency pairs of any broker I have tested.
- However, the platform has its limitations – for instance, it does not xcritically allow for the creation of custom watchlists, lacks advanced order types, and offers limited customization of the layout.
- Overall, Exness combines user-friendly technology, educational support, and flexible account options, making it an excellent choice for those just starting their trading journey.
- Its user-friendly platform and competitive spreads make trading hassle-free, while the absence of commission fees further enhances the value for traders.
- While Exness has a range of funding options, they are missing some major providers such as PayPal, Apple Pay and xcritical.
- Another feature we liked is that you can set your stop levels by price, percentage or account currency.
App support
Funds in demo accounts can be easily replenished by a simple filling of a request form. The broker offers its various services on both MetaTrader 4 and MetaTrader 5. The MetaTrader 4 platform is available in a web-based version, desktop version as well as mobile apps.
And Cyprus, leaving non-institutional clients to sign up under its offshore entities in the Caribbean and Africa. Exness allows traders to automatically withdraw their funds through various electronic payment systems. This is a major plus because it gives traders total control over their funds around the clock. Traders can deposit xcritical funds into their Exness accounts by Skrill, wire transfer, Neteller and many others.
Although success is still not guaranteed, it’s refreshing to see each strategy assigned a risk score so users can choose strategies that match their risk tolerance and goals. The majority of TradingView’s essential features, such as various chart types, timeframes, and indicators, are included in the Exness Terminal, but the collection isn’t as comprehensive as TradingView. Its Depth of Market (DOM) and economic calendar provide in-depth market insights, but its design is still dated compared to popular alternatives like TradingView. Exness also offers crypto transactions, including Bitcoin (BTC), Tether (USDT ERC20/TRC20), USD Coin (USDC ERC20), and BinancePay, which are also typically processed within the hour.