Exness minimum deposit is how much? Exness review

This is also one of the Forex brokers in the financial market, and is known by many Asian traders. Exness account verification is relative to Nymstar Limited brand.

Currently, many new investors are wondering about a reputable Exness broker? Which country is the Exness broker? It is also natural for any trader to think before placing his / her currency. However, there are forex brokers that require minimum capital when opening an account can be a bit high. But what is the minimum deposit at Exness? I will also answer below.

What is Exness?

Exness is a broker that offers financial instruments such as Forex and Stocks, Stocks, Indices, Energies, Precious Metals and Cryptocurrencies in the form of CFDs. Exness is exactly both a Market Marker. Exness provides services to all audiences, including retail traders.

Exness Regulation

Established in 2008, by a group of experts with similar directions in finance and information technology. Since then, Exness has grown at an impressive rate and is today recognized as the leading group in a field of commercial finance. Monthly trading volume of clients on Exness increases to more than 300 billion USD according to the foreign exchange market.

Seychelles FSA license

Exness is registered in the Seychelles under the brand name Nymstar Limited with the registration number 8423606-1. Authorized FSA (Financial Services Agency) license number SD025. Exness registered office at F20, 1st floor, Eden Plaza, Eden Island, Seychelles. This is also where the client manager opens accounts for some regions. Legally, that is not appreciated by itigtrader.

CySEC Cyprus license

Area Europe, trademarked as Exness (Cy) Ltd is regulated by Securities and Exchange Commission of the Republic of Cyprus (CySEC) trading license number 178/12. In addition, Exness still has a Spanish CNMV license number 3523.

UK FCA license

Operated by the brand Exness (UK) Ltd authorized and regulated by Financial Conduct Authority (FCA) in UK business license number 730729 and regulated on exness.uk

Thus, Exness is a company operating in three regions of Europe, UK, and Asia. With such a large area of ​​development, this Forex broker certainly works in a nominal sense. This contributes to the prestige of Exness. However, the Regulations are not for some regions of the world.

Exness trading volume in 2020

In Forex industry, Exness broker can be said to be a well-known exchange for Asian investors. Exness has taken many steps to improve the expansion of trading products and new account types for 2020 such as Zero Spread accounts. This is aimed at growing customers and growing customers in 2020.

Exness type of accounts

Exness offers a wide variety of trading accounts so it will meet the needs of many investors or traders. In it, there is a Cent account for traders who want to get acquainted or any investor who wants to use it.

Exness allows unlimited leverage on MT4 trading account types. Personally, do not advise you to use too much leverage (greater than 1: 500) because it will be very dangerous if you lack inexperience and understanding.

There are 5 types of accounts:

Cent Exness account for newbies

This account can also be considered as an Exness mini account. For trading requires a minimum capital of 1 USD, no commission fees.

• Unlimited leverage (customization allowed).
• Only Forex, Gold, and Silver are traded products.
• Spreads on Cent accounts start from 0.3 pips and minimum trade volume starts at 0.01 cent lot.
• Tradeable only on the MT4 platform.

Standard Cent accounts will be the first choice for beginners. Because, inevitably, there won’t be much investment experience and more risk if not prudent.

Exness has a minimum capital requirement of just 1 USD, with no commission fees.

Standard Exness Account for everyone

Exness has a minimum capital requirement of just 1 USD, with no commission fees.

• Unlimited leverage (customization allowed).
• Products include Forex, Gold, Cryptocurrencies (Crypto), Indices, Crude Oil.
• Spreads on Standard accounts start from 0.3 pips and minimum trade volume starts at 0.01 standard lot.
• Exness offers Standard accounts that are tradable on the Metatrader 4 and Metatrader 5 (MT4 and MT5) platforms.

Standard accounts offer investors a richer range of trading products than Cent accounts.

Raw Spread Account

Minimum capital from 200 USD, commission up to 7 USD / lot depending on trading pair.

• Unlimited leverage
• Trading volume starts at 0.01 lot.
• Trading products on Raw Spread account include Forex, Gold, Crypto Crypto, Indices, Crude Oil.
• Tradeable on the Metatrader 4 and Metatrader 5 platforms (MT4 and MT5).

Because the Raw Spread account is modeled on an ECN mechanism, the difference should be as low as 0 pips. If you are a Scalping trader, this account type is the most suitable because the spread is lower and stoplevel = 0 pips at Exness.

Zero EXNESS account with 0 pip spread

Zero account with minimum capital from 200 USD, commission fee of 7 USD / lot or more depending on the trading pair. Compensation for the difference on Zero account is almost 0 pips, accounting for 95% of the total time of the day.

• Exness allows for unlimited leverage on Zero accounts.
• Trading products on Zero account include Forex, Gold, Crypto, Indices, and Crude Oil.
• Trade on Metatrader 4 and Metatrader 5 platforms.

Please note, this account is a Dealing Desk account.

Pro Exness accounts with zero transaction fees

Among Exness account types, Pro account has lowest spread. On this account, Exness requires a minimum deposit of 200 USD on Pro account and there is no commission for trading.=

• Trading products on Pro account include Forex, Gold, Crypto, Indices, and Crude Oi.
• Spreads from 1 pips or more.
• Trade on Metatrader 4 and Metatrader 5 platforms.
• As far as I have noticed, low spreads are close to zero only in major trading pairs, while other trading pairs are usually less than 1 pip spread.

Note that the Pro account is a Dealing desk account type.

Which Exness account registration should I choose?

Exness operates under Market Marker. So if you want to trade at Exness, I just tell you briefly that you should choose the “RAW Spread Account”, as it is the best account of Exness (in my opinion).

Exness Products includes

1. Major currency pairs: EURUSD, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY, AUDUSD. These forex pairs are the ones with usually the lowest spread.
2. Minor currency pairs: AUDGBP, AUDCHF, AUDCAD, AUDNZD, CADJPY, EURAUD, EURCHF, GBPAUD, GBPCHF and others.
3. Crosses currency pairs: AUDMXN, AUDSGD, AUDZAR, CADNOK, CADTRY, CHFNOK, CHFPLN, CHFSEK and others. These are very rare pairs and the liquidity is also poor.
4. Precious metals: XAUUSD (Gold), XAGUSD, XPDUSD, XPTUSD,… Currently, Exness is maintaining overnight on Gold (free swap). Same as XTB broker with no swap fees on Gold.
5. Cryptocurrencies: Bitcoin Cash / US Dollar, Etherium / US Dollar, Litecoin / US Dollar, …
6. CFDs: Germany 30 Index, France 40 Index, Japan 225 Index, EU Stocks 50 Index, US Wall Street 30 Index, US SPX 500 Index, Hong Kong 50 Index, Australia S&P ASX 200 Index. For these products, investors will trade in the form of CFDs.
7. Stock CFDs: Apple, Amazon, EBAY, GOOGLE, Microsoft, Netflix, NVIDIA, PayPal and more than 30 other stock tickers.
8. Energy: Brent and Crude Oil.

In addition, each type of trading product has different margin requirements on each account type, depending on which account type and trading platform the investor chooses. You should refer to the trading terms with margin, average spread, swap, stop level below.

Note: Exness rules will lower leverage on trading pairs to 1: 200 for about 15 minutes before and after important economic news and deliveries at the end of Friday and early Monday. The number of accounts on Exness allows up to unlimited leverage.

• See also Contract Specifications: https://www.exness.com/contractspecifications/

Exness trading platform

Currently, Exness provides responsive trading platforms on computers, phones, and tablets. So, you can trade easily anywhere without having to have a PC.

MT4 platform – Metatrader 4

Not unlike other brokers, Exness offers trading platform MT4 – Metatrader 4, a type of trading software popular among traders. Here are the advantages that MT4 Exness brings.

• Provide customer data protection. All communication between the server is encrypted securely with a 128-bit key.
• More than 25 trading indicator tools.
• There are 6 types of order entry: buy order and sell order, buy limit and sell limit, buy stop and sell stop.
• Available on these Exness accounts: Standard account, Raw Spread account, Pro account, Zero account and Cent account.
• Easy to use and fast start-up speed.
• Can be used on computers and laptops using Windows or Mac operating systems.

Download MT4 Exness software here

MT5 platform – Metatrader 5

MT5 trading platform, which is also an innovative trading platform from MT4 and offered traders access to technology earlier, with future updates. Meanwhile, MT4 trading platform has stopped updating according to the officially announced Metaquote. The advantages that MT5 offers:

• Provide customer data protection. All communication between the server is encrypted securely with a 128-bit key.
• Over 40 trading indicator tools and 45 built-in chart design templates.
• There are 8 types of order entry: buy order and sell order, buy limit and sell limit, buy stop and sell stop, Buy Stop Limit and and Sell Stop Limit.
• Available on these Exness accounts: Standard account, Raw Spread account, Pro account, Zero account.
• Allows the Hedge transaction method.
• Easy to use and fast start-up speed.
• Can be used on computers and laptops using Windows or Mac operating systems, phones and tablets with Android & iOS operating systems.

Download MT5 Exness software here

WebTerminal Exness no download required

Exness provides the WebTerminal version of Metaquote. Basically, WebTerminal, customers can still analyze on the price charts as provided by MT4 software. Just open a trading account at Exness. Then, log in to Exness and you can use it, without downloading any MT4 or MT5 software.

This is also convenient for investors who do not need to install the MT4 & MT5 trading platform. But maybe, I should tell you that’s pretty wobbly for you. If you do not know how to install the trading software and are poor in technology, it will also be a huge hurdle. For example, you can only trade through the browser on the Desktop or Laptop, and when you need your mobile phone or tablet, you lose. However, it is not difficult to learn.

• Get to know WebTerminal Exness here

Social Trading Exness

There is another name for Copy trade or Copy trading, the unique name of this service “Social Trading Exness”. This is the service Exness provides that allows “Investor” to copy trading orders from “Provider Signal” strategy. Another special thing about the Copy trade Exness service, investors can only use the copy trading feature on mobile devices or tablets using Android or iOs.

Conditions to become a signal provider on Exness, you are required to capital at least 500 USD. As for, investors to receive transaction copy requires capital from 100 USD. If you lose your luck, you don’t have to pay any commission, but you will lose money.

Types of copy strategies:

1. Most Copied
2. Growth with Moderate Risk
3. Best Growth per month
4. Best Growth for 3 months
5. Low commission strategy
6. New Strategies

Refer to trading history of strategy providers via Social trading service on Exness: https://social-trading.exness.com/

EXNESS bonus events

Many years ago and until now, Exness Company did not provide any bonus program for customers. Not really this is a sad point, since Exness has also become more popular with many people who know so they don’t need to give any bonuses.

Bonus is inherently meant to be marketing to people.

Exness deposit and withdrawal methods

Fast withdrawals are strongest advantage while itigtrader commented on Exness. Withdrawal speed can be as early as 1 hour as via Local Banking, Skrill, which Exness has integrated an automatic system.

Exness seems to offer best payment systems for Asian countries. Especially for Vietnam, China, Indonesia, Thailand. Deposit and withdrawal fees are virtually free on Exness for all the methods that Exness offers.

Other deposit and withdrawal methods that Exness supports include Ngan Luong, SticPay, NETELLER, Skrill, wallet BITCOIN or Tether (USDT).

Of course, withdrawal policy is fast, but you must take a look at Exness’ withdrawal policy. If not, watch out for the withdrawal order canceled by Exness.

Exness good or bad?

Exness has been active long enough in financial markets so they are quite well known in Asia. In terms of withdrawals, Exness is a fast withdrawal forex broker that has no rivals. However, Exness also does not allow deposits without trading. This is also very controversial among traders about the scam exness problem.

Problem with” Quote chart errors” on some Exness account types must be said very poor. If possible, choose Exness ‘Raw Spread Account’ to trade. Exness is a Market Marker. For best safety you should choose Exness UK and Exness EU.

Pros

• The fastest withdrawal speed is about 1 hour.
• Fast support and multi-channel to receive customers.
• Diversified types of accounts for investors.

Cons

• Price chart failure occurs more often than other brokers.
• Strict withdrawal policy, if not understood, it will be difficult.
• Almost no promotions.