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Is Exness A Scam Or A Legit Forex Broker?

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Is Exness A Scam Or A Legit Forex Broker?

Is Exness A Scam Or A Legit Forex Broker?

I had a very positive trading experience with this broker. I am very happy dealing with this broker, I get good profit and good services. Even the secondary conditions, such as the platform, support, and additional tools, are exceptional. Lastly, it’s inexpensive, meaning you don’t need to sink a ton of cash just to try it. As such, we’d like to conclude our Exness review with a definite recommendation. Getting an account is cheap and painless, with quick registration and verification processes.

exness what is it

In this Exness Review, we are going to take a look at the offer that this broker prepared for its traders. Exness is regulated by the CySEC in Cyprus and by the FCA in the UK. When it comes to trading platforms, the broker features MetaTrader 5 and WebTrader and MetaTrader 4.

Free Exness Demo Account For Practice Trading

Unlike in the past, you no longer have to leave your home to trade forex and potentially make money from fluctuations in currencies. As a Forex / CFD trader, you can speculate on whether the price of one currency will go up or down compared to another, and you can choose to buy or sell a particular currency for another. There are hundreds of currency pairs that can be traded. Forex is, in simple terms, the largest financial market in the world where individuals, companies and financial institutions can exchange global currencies at changing rates.

Webinars are also provided, though this looks to be a new addition to their educational department as we were unable to find historical events. Exness Premier is, according to the broker, something special, but we could not see what this will be. What’s also particularly impressive is their Black and White Technical report which looks at detailed pattern structure on various markets – this is a weekly report.

Transaction type reflects Deposits and Withdrawals, the method shows the payment system used, the amount is correlated to the finances involved in a transaction. Except for suggesting advantageous financial conditions, the platform allows its members to earn by inducing broker and affiliate programs. The first offer is aimed at receiving up to 40 % revenue from referred active profiles. So if they are trading on Exness, the one who invited them could earn.

Traders who choose to trade through the Exness Zero account are subject to a minimum commission of USD 3.5 per lot per side. The financial instrument traded determines the commission size. Featuring instant executions, the Exness Pro account is one of the most sought-after account types amongst seasoned traders.

In this order I had my SL and TP set, the market crossed my TP level by 21 pips but still, it didn’t trigger my TP. After that, I tried manually closing the trade but the platform didn’t allow me to do so. I restarted the mt4 platform and tried it again the next 15 minutes several times but still didn’t work. Later after minutes, the trade instead of hitting my TP it hit my SL.

Unique Features Of Exness

Yandex Money – 1 USD min. deposit; Instant deposits; Withdrawals within 24 hours. Fill in your personal details like your full name, country of residence, date of birth, email address, and employment details. And while the FSA license from Seychelles is dwarfed by those two, we’re still glad to see it on this platform.

Exness offers convenience and flexibility with various payment options to choose from, making it possible for users to deposit money any time, any day, including holidays and weekends. The standard account type is intended mainly for rookie traders who have an initial deposit lower than $100. Additionally, the standard account provides the highest spreads, which is why there is not much sense in using it in other scenarios. The company's commitment to the forex market is one of its identifying features. I deposited R2000 into my account and traded few loosing trades. Then after 3 loosing trades i entered a sell in usdcad which streight away went in my sell direction.

The Functionality Of The Exness Platform Mt4

You will also find the latest information from Dow Jones News on the platform. As you can see, the company gives its clients enough information so that they can make the right decision. Please note that there are no specific signals, so traders should deal with the interpretation of important signals on their own. Most platform users believe these educational materials are fine for beginners but will not be a novelty for traders that have enough experience. The main advantage of the Standard account is that there is no commission for the volume from trading.

As you read and watch the videos, try to remember that the key to successful TA is avoiding excessive focus on predicting the future. You don’t need to enter at the very start of a trend and exit at the very end to make a profit. Equally, there’s nothing ‘perfect’ or 100% guaranteed in TA or indeed anything else in trading. Technical analysis, commonly known as ‘TA’ for short, is the study of action in markets to attempt to predict future trends and prices. Somebody who uses TA extensively or exclusively is often called a ‘technician’.

Exness doesn’t charge any commission for transactions related to cfds trading in particular accounts. The commission is charged for the Raw account (up to $3.5) and the Zero Account (from $ 3.5). Exness meets all required regulations and is licensed that entices more customers to benefit from collaboration with this market maker.

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