What More to Know About Exness Broker?
What is Exness?
Exness is a Forex Broker that provides its services all across the globe to its user (Known as traders) to trade in the Foreign Exchange Market (Forex Market) only with the use of your smartphone or laptop.
This means you can be at any location to trade in the forex market with this broker. It is widely spread all across the globe. Forex Broker is a mediator which helps traders to trade and earn in the forex market depending on the bids (trades) they open on either buy or sell position.
Is Exness Legal and regulated in India?
It is a matter of fact that previously forex was not legal in India so no matter which broker we choose to trade it was illegal but now things are different and it is now legal. Exness is considered one of the best brokers to trade with and they hold all relevant licenses which makes them reliable and a legally approved broker.
Which Licenses does Exness Hold?
Exness Group Licenses are as follows:
- Financial Serviced Authority – Exness (SC) Ltd is a Securities Dealer authorized and regulated by the Seychelles Financial Services Authority (FSA) with license number SD025.
- The Central Bank of Curacao and Sint Marteen– Exness B.V. is a Securities Intermediary authorized and regulated by the Central Bank of Curaçao and Sint Maarten with license number 0003LSI.
Financial Services Commission– Exness (VG) Ltd is authorized by the Financial Services Commission (FSC) in BVI with registration number 2032226 and investment business license number SIBA/L/20/1133
Financial Sector Conduct Authority – Exness ZA (PTY) Ltd is authorized by the Financial Sector Conduct Authority (FSCA) in South Africa as a Financial Service Provider (FSP) with FSP number 51024.
Cyprus Securities and Exchange Commission – Exness (Cy) Ltd is a Cyprus Investment Firm, authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 178/12.
Financial Conduct Authority – Exness (UK) Ltd is an Investment Firm, authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom under the Financial Services Register number 730729.
Which Account type do you recommend and why?
The best account type in my opinion is Standard Account, as the overall cost of this account is less as there is no commission along with that the minimum deposit amount is USD 1. Anyone can use this account type.
Where does Exness don’t provide their services?
Exness don’t provide their services or their services to the residents of several jurisdictions including the USA, Malaysia, Saint Vincent, Russia, Vatican City, Israel, American Samoa, Baker Island, Guam, Howland Island, Kingman Reef, Northern Mariana Islands, Puerto Rico, Midway Islands, Wake Island, Palmyra Atoll, Jarvis Island, Johnston Atoll, Navassa Island.
What can be traded with Exness?
There are various trading options are available with Exness such as currencies, CFDs on metal, indices, energies, and crypto. With the maximum number of trading options, they also provide the cheapest spread and commissions.
Some of the trading options which Exness provides are as follows:
Minimum deposit amount with Exness
The best thing about this broker is that the minimum deposit account with a standard account is as low as $1 which makes this account the most suitable for most traders. The traders who don’t have much money to invest prefer going with this account type. Both standard and standard cent account has a minimum deposit of $1.
The minimum deposit amount varies from account to account. For professional account it is as shown below:
Research and Education
Exness does provide the education material to tutor the newbies who want to learn how to trade. To go with the tutorial and material provided by Exness, you are required to click on the Tools option where you will find a variety of tools that Exness offers which includes analytic tools, a trading calculator, economic calendar, currency converter, tick history, VPS hosting, and trading center web TV as shown in the below image.
One of the tools they provide is the trader’s calculator using which the cost of different things can be seen as per the below image:
Exness also provides the access to trading central web tv and news analysis in the form of written articles.
They have a separate website for the education material which is education.exness.com where you can find everything related to trading.
They have also added an analytic tools option where you can find the options such as the economic calendar, Trading signals by the trading center, Market news by FX Street, and TC Technical Analysis Indicator. The page will look as follows:
Well, with Exness even with no trading experience you can trade. Exness provide simple and transparent trading options which are suitable for both beginner and professional traders because they have different accounts available. Some of the accounts are commission meaning no commission is charged at all with no restriction on minimum balance which is considered to be best suited for beginners whereas, the other accounts are for professionals.