Both MT4 and MT5 platforms offer advanced charting tools, customizable technical indicators, and an intuitive user interface. Traders can leverage these platforms for manual trading, algorithmic trading, and even copy trading through various plugins and features. When seeking a broker that combines innovation, reliability, xcritical reviews and trader-centric features, Exness stands out as an exceptional choice. With a strong emphasis on transparency and user-friendliness, Exness caters to traders of all levels. This review will delve into the key aspects of Exness, shedding light on its unique advantages and why it’s a preferred option among traders.
Products on offer
The brokers also have an in-house developed App for trading and a separate one for social trading. Overall, Exness’ flexible deposit and withdrawal options contribute to a user-friendly experience, allowing traders to efficiently manage their funds. The broker’s efforts to minimize fees make it a favorable choice in this regard.
Deposit Fee
Exness does offer a live chat bot which is decent but it still couldn’t answer some basic questions like “Is there an inactivity fee”. It was however able to tell us the difference between the trading accounts and suggested a suitable page with further information. 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.
Minimizing Transaction Fees
The MetaTrader 5 trading platform unlike MetaTrader 4, enables share trading so it is a better choice if you wish to access the entire suite of trading products Exness offers. In fact, MetaTrader 5, is an upgrade on MetaTrader 4 meaning it is superior in every way. If you wish to know, see our deep dive for the differences between MetaTrader 4 and MetaTrader 5 to help you decide. Exness offers several account types which are suited to different levels of experience. The Standard account has no commissions while the RAW spread and Zero accounts are the best choices for experienced traders. When it comes to trading platforms, Exness has its own proprietary Terminal which combines with TradingView giving you a good range of analytical tools and order types in addition to MetaTrader 4 and Metatrader 5.
Empowering Traders
MetaTrader 4 is the world’s most popular trading platform, so is a safe choice when it comes to Forex trading platforms. You can also automate your trading or create custom indicators using Expert Advisors. As mentioned, Exness integrates with both MetaTrader 4 and MetaTrader 5, and also offers access to the MT4 MultiTerminal which is helpful if you’re trading on multiple accounts. You can also use MetaTrader 4 and MetaTrader 5 as a trading platform in its own right. These platforms are available as downloads for Windows and Mac, as mobile apps for iOS and Android and for web browsers.
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. They have their headquarters in Cyprus, with satellite offices in Seychelles, South Africa, Curacao, the United Kingdom, and Kenya.
Regulated and Secure
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. While Exness has a range of funding options, they are missing some major providers such as PayPal, Apple Pay and xcritical. However, we notice Exness do accept cryptocurrencies which is good if you have embraced crypto payments. Overall, while these spreads aren’t bad, they’re also not the best, so If you’re looking for a broker with the tightest spreads, you can read our analysis on the most competitive brokers. 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.
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. Strangely, although Exness is regulated by two notable regulators, these being the Financial Conduct Authority (FCA) in the United Kingdom and CySEC in Cyprus (for EU markets) they don’t accept clients from these markets. 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.
- For desktop trading, Exness supports the widely acclaimed MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.
- Exness offers efficient customer support services tailored to traders’ needs.
- Unfortunately, Exness don’t offer PayPal, or xcritical and limits NETELLER and Skrill to Kenya which is surprising.
- Exness enriches its trading platform with a diverse range of unique tools and features designed to empower traders and elevate their decision-making processes.
Exness makes its money by charging a commission when orders are opened or closed. These start from USD 0.2 per (0.4 round-turn) a lot but vary depending on the instrument you’re trading. It’s important to note that both the open and close commission is bundled together when the position is first opened.
In the currency market, Exness offers a comprehensive range of currency pairs, allowing traders to participate in major, minor, and exotic currency trading. Cryptocurrency enthusiasts can access a variety of cryptocurrency pairs without needing to own the actual digital assets. Exness’s commitment to transparency, security, and user-friendly features makes it a top choice for traders seeking a reliable and innovative broker. Its strong regulation, comprehensive range https://dreamlinetrading.com/ of trading instruments, and user-centric approach position it as a valuable partner in the trading journey. 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. Exness enriches its trading platform with a diverse range of unique tools and features designed to empower traders and elevate their decision-making processes.
Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. While the broker is regulated in 8 jurisdictions, only the FCA and CySEC are ones we would take seriously as a regulator and strangely, the broker does not operate out of this market. We asked their support team about security and they advised that your funds are always segregated from the company’s own funds for protection and that each transaction is verified via your chosen security type.