Exness Review – Is Exness Scam or a Legit Crypto Exchange?

Exness Review

Exness, being supported by MetaTrader technology, delivers good education, analysis, as well as research. It is providing tailored financial services and tools to enhance the trading capabilities of traders. In this Exness review, I will cover all the features of this brokerage platform.

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Specialities

Apart from the venue’s history of activities, considerable recognition has been given to Exness due to several characteristics such as its overall position in the market, trading technology, as well as consumer support. Additionally, the platform plays a dynamic role across social life, along with being a privileged collaborator of diverse institutions. At present, the venue supports Real Madrid (the most prominent football team across the globe, as well as Cristiano Ronaldo (the number one football player.

Is it legal?

Having its existing operations in many countries as well as recognized offices under the regulation of the area-specific authorities with a considerable repute across the industry, Financial Conduct Authority is responsible for the regulation as well as the authorization of Exness UK Ltd whereas CySEC has approved a license for Exness CY Ltd. That is why permission is provided to the respective brokerage company to provide financial services and goods throughout the aforementioned nations.

Consumer Protection

Because of the functional standards established in line with the requirements for consumer protection, Exness has highly significant mechanisms for customer protection with having funds for investor compensation as well as money segregation under the registration with EEA as well as many other European authorities.

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Leverage

Similar to many Forex brokers, leverage utilization is also offered by Exness to elevate the gains via the possibility to magnify the former balance of the accounts. The level of the leverage, for most of the time, relies on the trading instruments along with the regulatory limitations and the individual proficiency level.  As CySEC, FCA, and MiFID have substantially decreased the possible levels of leverage, the peak leverage includes;

1:10 on commodities,

1:20 on minor currencies, and

1:30 on major currencies.

Nonetheless, Exness’ global entity may permit for much more leverage proportions of nearly 1:1000 based on the locality.

Types of accounts

The platform presents Standard Cent Account to meet the requirements of traders who deal with the smaller funds, whereas Standard Account, as well as Professional ECN Account, offers raw spread with commission charges over each trade.

Forex Contest

Additionally, some extra characteristics permit the consumers of Exness to earn precious rewards in the Forex Contest that is held frequently. Nevertheless, certain countries’ citizens should examine the possibility of being engaged with the official website of the platform.

Fees

The pricing of Exness venue is favorable with low commission or spreads for the accounts without any funding charges, however, inactivity charges should be checked out by the users.

Market Instruments

Metals, Energies, CFD-based Indices and Stocks, Forex including 107 pairs of currency, as well as 7 cryptocurrencies are offered by Exness as the trading tools.

Deposits and Withdrawals

Rapid withdrawals and deposits are among the distinctions of Exness as it does not charge any commissions. Skrill, Neteller, prominent credit cards, and Wire Transfers, are the deposits options and the customers can select whichever is adequate for them.

In terms of deposits, there is no requirement for a particular amount of money at the start, permitting the initiation of an account by even $1. There may be a demand for $200 for professional accounts.

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Consumer support

 In addition to the convenient trading conditions, advanced support is provided by the venue with availability in 13 languages every time. The customer support team remains online 24/7 to provide help and information.

Conclusion

Generally, Exness is a fully regulated and transparent brokerage forum that fulfils the operational requirements. Along with the provision of Standard and Mini accounts, competitive trading terms, as well as technical support, turn the platform into a preferable trading place for investors looking for earning opportunities.

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