EXNESS Review

EXNESS Review

Author
  • Website
  • Trading Platforms
  • Support

 EXNESS.com is not a newcomer to the Forex industry. It was founded in 2007 and is today a leading Forex and ECN broker. EXNESS is regulated by CySec in Cyprus as well as by the Financial Service Provider Register in New Zealand.

EXNESS prides itself on honesty and transparency. Its aim is to provide its clients with reliable, affordable and qualitative services through innovative trading technologies.

EXNESS offers Forex trading, CFD trading and futures trading and the website clearly lists the trading hours for each of the different services. When doing this review, I found that account minimums and leverage ratios were scattered around in different parts of the website instead of according to each account type. This lead to a bit of confusion.

Platforms and Accounts

MetaTrader4 by Metaquotes Software Corporation and the newer MetaTrader 5, with its enhanced terminal interface, increased performance and speed, are the platforms of choice at EXNESS. Traders can download the platforms for free from the links provided on the landing page.  In addition, traders can use EXNESS’s newly introduced Webtrader, an online trading platform for trading on EXNESS MT4 servers directly through a browser. Asset choices include currency pairs, CFD’s, and futures.

While doing this forex review, I was pleased to see that EXNESS offers a trial (demo) account so that those new to online trading can test and develop their trading skills before putting any funds at risk. The demo account uses any of the three live trading accounts.

EXNESS offers tight floating spreads on three different trading accounts: There is no minimum deposit required for its standard Mini account but a $2000 deposit is needed to open a Classic Account. For their ECN account, one must deposit at least $300.

The section of the EXNESS website devoted to introducing traders to the basics of Forex was somewhat cursory in its approach but all the other pages were clear and user friendly.

Other Features               

The EXNESS website appears in 23 languages and their client support is available in 13 languages, some of which are offered 24 hours a day, 7 days a week.

EXNESS offers account holders access to 1:2000 leverage, which lowers the margin requirements considerably and allows trading strategies to be managed in a flexible manner.

During my EXNESS.com review I found that this broker is one of the few forex that provide a ‘search’ button that actually functions properly. Another feature that sets EXNESS apart from the others is its ‘commission-free transactions’ which has been only recently introduced. This proposal eliminates commissions for withdrawing funds for all payment systems or for replenishing existing trading accounts. This is certainly a unique feature in today’s market.

EXNESS’s increase in popularity can be seen on a monthly basis. In February alone, close to 17,000 new accounts were opened.

All in all, I found my broker review of EXNESS to be an enjoyable experience. The website is easy to navigate and the information is straight and to the point.

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