Exness broker review
Forex broker Exness is one of the world-famous companies operating on the forex market. Although, if you are a fan of English football, you have probably heard about it. Exness is a sponsor of the Real Madrid team and Cristiano Ronaldo personally. But, sponsorship is one thing, and the real conditions are entirely different.
We will try to look at this broker as unbiased as possible, and highlight all the advantages and disadvantages.
Exness entered the market in 2008 and immediately announced its innovative approach to customer service. A loud statement and while studying the company, it becomes clear that it has some features:
The minimum deposit of 1 dollar, provided that a cent account is used;
Minimum spreads from 0.1 to 0.7 points;
Over 120 trading assets;
Thirteen supported languages;
Several trading platforms, including mobile;
Leverage up to 1:2000.
Minimal spreads look the most attractive.
Spreads in Exness are unfixed and can vary depending on market volatility.
For example, at the news release, or more precisely 15 before publication, spreads increase, and five minutes after the news release, the spreads decrease again. The same can be seen at the opening of trading platforms.
Minimal deposit is also very pleasant, but let us remind you that this is a cent account, and such conditions of a modern trader are no surprise.
Exness personal account registration
The procedure of registration on the broker's website is standard. In the first form, we fill out several fields:
The password to enter the site.
After filling in the fields to the mail address and phone number are sent confirmation codes, which must be entered on the next page. If everything is done correctly, we get to the next page, where you need to fill in verification information about yourself, such as name, surname, age and gender.
On the next page, you need to enter your passport details.
That is, verification of the user is carried out at the registration stage, not at the time of the first withdrawal. If you do not want to fill out numerous forms at once, you can register a demo account. Here you only need to confirm your email and phone.
The final stage of registration will be the choice of account currency, and here again, Exness decided to distinguish itself by providing more than 80 options. Regardless of the money in which you deposit, even gold or platinum can be stored.
Exness trading instruments
The broker's arsenal consists of over 120 assets divided into three categories:
Currency pairs. The most extensive section with both major and exotic pairs.
Commodity assets. Only precious metals are represented here.
All categories are represented as diverse as possible. For example, in currency pairs, you can find South African rand to Japanese yen, and in commodities platinum to Danish krone.
Crypto values are also represented in several positions, including the popular Bitcoin, and lesser-known crypto values such as Litecoin.
Bonuses and stocks from Exness
Since Exness is a football sponsor, all its competitions are linked to this topic. At the time of writing, the broker holds a large-scale championship with the main prize of 120 thousand dollars. The competition is held in 12 stages, each of which lasts five days.
The task of the registered trader is to show the best results. In each stage have their prizes. The place is 5.
For the first place the prize is 3 thousand dollars, for the second two, and so on in descending order.
Participants who have shown the worst result will be disqualified. The others move on to the next stage.
But the broker has no bonuses on deposit.
On the other hand, each participant gets bonus dollars to his account. They cannot be withdrawn until the stage of account increase by 30 times, unlike the prize money, which is immediately available for withdrawal.
The official website of the Exness broker has been translated into 13 languages. Technical support works 24/5, except English and Chinese. There you can contact the manager seven days a week. There are several ways to get in touch:
Standard feedback form.
The phone number 8 800 555 03 23 is free of charge for residents of Russia, for other countries have their phone numbers.
Online chat with a manager from any page of the official website.
The processing time of the request would be from a few minutes to a day if the request were not sent on Saturday or Sunday. Then you will have to wait for the end of the weekend or contact the English-speaking managers.
Withdrawal of funds
Trading account in Exness can be replenished in 35 ways. In the list as electronic payment systems:
So is online banking:
Besides, you can deposit your trading account using bitcoin. It's enough to tie your wallet to the broker's account.
It is necessary to talk about withdrawal of funds separately.
It is the same innovation that we mentioned at the beginning of this article.
Withdrawal of funds in Exness is automatic if it is not the first application.
You need to verify your wallet and deposit money from it. The first withdrawal will be checked manually, and all subsequent ones are made automatically and processed in a few minutes.
By the way, you can make the first withdrawal, which exceeds the amount of investment only after 90 days from registration. That is a rather strange condition, especially if you take into account that a withdrawal request is made as a refund. It, to some extent, facilitates the process of interaction between the broker and the bank, but for users, it may seem inconvenient.