Exness is an international Forex broker that offers about 120 trading instruments. The broker is registered in Cyprus and one other Island. They also have offices in the UK as they are regulated by the FCA. You may do well contact the broker about its FCA registration number.
|Broker Type||Market Maker|
Saint Vincent & Grenadines
|Trading Platform||MetaTrader 4
|Minimum Deposit||$3 via Credit/Debit card|
Exness Trading Conditions
Exness trading conditions is worth taking a look into. For a start, the broker offers competitive variable spreads only, starting from 0.2 to 1.1 for EURUSD on a Micro account. We suggest that you start with a micro account where the spreads are low and you can start trading with just $3 to test the platform.
Forex Spreads on ExnessEcn accounts are lower in general. With this account you get only Market Execution. Margin Call level is 60% and scalping is allowed. You can use Expert Advisor on their platform as well.
You can also enjoy leverage up to 1:200 with capital of $199,999 or less. Traders who do not have experience will not be allowed to use more than 1:50 leverage. So, Exness restricts its clients from using any leverage from 1:50 to 1:200. Profiforex offers leverage up to 1:500 and anyone can use it at any time.
Exness Account Types:
This Forex broker offers three types of Accounts; Micro, Classic, Cent and ECN accounts. All account types offers variable spreads only.
Is Exness a Scam Forex broker?
We have not traded with this Forex broker, but you can do well to ask other traders on Forex Forums if possible. There are bad and good reviews on other websites about this broker, but their authenticity cannot be verified. The broker offers a demo account which you can use to test their execution methods. If you want to go live, we suggest you start with a small capital and conduct your due diligence.
Kindly tell us your experience with this broker using the comment section below.