A Detailed Exness Review: Binary Trading in UK

exness broker review

Briefly about Exness broker

The Exness company is a reputable forex intermediary that has been available on the market since 2008. Today, Exness Forex is a universal trading platform that allows its clients to trade using various instruments on mutually beneficial terms.

The company supports well-known MT4 and MT5 platforms, mobile application and MetaTrader4 web terminal. Its official website has been localized into many languages to create comfortable conditions for traders from all over the world.

Exness Group reportedly provides traders with over 100 different forex currency pairs to choose from and a wide selection of CFDs. You can also trade CFDs for cryptocurrencies, precious metals, stocks, indices, as oils.

Last year, the broker added additional instruments – CFD contracts for shares. The platform has won numerous awards as a retail broker and offers safe and reliable brokerage services to individuals, including the following trading conditions:

Minimum position size 0.01
Pip spread on majors 0.1-1.4
Spread Type Fixed/Variable
Maximum Leverage 1000
ECN, $ 300
Available assets CFDs on metals, cryptocurrencies, etc
Platforms MetaTrader4, MetaTrader5
Account currencies Over 80, including EUR, USD, and GBP. There are also free metal-currency accounts accessible.

Regulation

Investor protection is a top priority for Exness, which must follow regulations established by some of the world’s most stringent regulatory agencies, including the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). Exness is also regulated in other smaller jurisdictions, but permission from the FCA and CySEC means it may service consumers throughout the EU.

Exness-regulated businesses are also participants of compensation programmes that protect traders in the event that the broker becomes bankrupt. As a result, UK Exness customers are entitled to up to GBP 85,000 if this occurs, although Exness already maintains client assets safe in segregated bank accounts through tier 1 financial institutions.

How can I create a demo account on the Exness platform?

Before you begin using the trading platform after examining this Exness review, you should familiarize yourself with the client agreement and its addendums. After careful study of them, you can register and open either Demo, or real account.

This brokerage firm provides clients with free trading on the Exness MetaTrader 4 and MetaTrader 5 platforms when they register on the broker’s platform. With an Exness demo account, you may investigate the company’s trading opportunities, ensure that the terminals are operational, that the support service is professional, that the website contents are current and of high quality, and so on. A free Exness demo account allows you to learn how to trade in a genuine trading simulator while safely overcoming anxieties and concerns, making your first transaction and testing your methods. The benefit of this approach is that the trader may utilize the same terminal capabilities as he would on a genuine account.

To begin the registration procedure, click on this link or put this URL into your browser’s address bar: https://www.exness.com/.

You will be sent to the website’s main page. On the right side of the page, you may create a new account or sign in. To open a New Account, traders must:

• choose their country of residence

• input their email address

• choose a password for their Personal Area

Registration of a new account on the Exness platform

 

After you provide the required information, a screen will appear where you may select the sort of account you want – Demo or Real. You can establish a demo account and then, when ready, switch between actual and demo accounts immediately in your Personal Area.

Choosing the type of Exness trading account

To complete the registration procedure, you must validate your e-mail and cell phone, as well as fill out your personal information. You can also do it at a later time.

Phone number verification field on Exness platform

Types of Exness accounts

There are more possibilities with Exness than with most other brokers when it comes to account options As a result, there are a total of five kinds. Two basic accounts and three professional accounts can be created.

Standard account

As the most common and simplest choice for a new account, this is the On Exness MT4 and MT5 platforms, it’s accessible for download. When opposed to most other brokers, this one has a $1 minimum deposit, which makes it unique. It is also technically possible to use leverage indefinitely, although it is likely to be prohibited based on your geography

With this option, there is no commission on transactions, but there are spreads on all assets. They start at 0.3 and go up from there depending on the asset. Because of this choice, users get access to all of Exness’ instruments and are able to hold any number In fact, there is a swap-free alternative available.

Standard Cent

As the name implies, this is a simplified version of the. This account is ideal for novice traders because it focuses on micro-lots. It’s a one-time deposit of $1, and the leverage Exness Forex pairs and metals are the only assets you may trade with this account In this case, too, there is no commission and the spreads begin at

It’s possible to keep a maximum of 1000 places at a time, although this is unlikely to be an issue. Due to technical limitations, this account may only be accessed via MT4 platform and not via MT5.

Raw Spread

When it comes to professional accounts, raw spread is the first choice available, and it’s more contrive. Due to its low raw spreads, this account is unique. Despite the fact that spreads are decreasing, modest fixed commissions are replacing them in. This account requires a $500 deposit to get active.

Using Exness’ raw spread account, you may access all of the company’s. There is a leverage of up to 1:3000 in this case, and the commission per lot might increase. With this option, spreads begin at zero.

Zero Account

The main benefit of the zero account is that it offers zero spreads on 30 pairings for 95 percent of the trading day. Apart from that, the account is identical to the raw spread account in terms of assets and deposit criteria.

Pro Account

Exness’ Pro is distinguished by its rapid execution. Furthermore, there is no trade communication. Leverage starts at 1:2000 and spreads start at 0.1. You may trade any of the assets on this account, and the minimum deposit is $500, same like the other professional accounts.

Platforms

Exness Platforms exclusively works with reputable partners to ensure that the service given to clients is of the highest quality. Participants on the platform have the option of using either the MetaTrader 4 or MetaTrader 5 terminals.

MT4 Exness terminal

Exness MetaTrader 4 download is the most preferred option, according to experienced traders. Every trader agrees that MT4 ensures the quality and security of trading activities. MT4 provides maximal flexibility of operation for traders who are accustomed to working in a comfortable and versatile environment:

  • Analysis of changes in the value of assets;
  • Adding the required indicators to the price chart;
  • Trading using various strategies and trading systems;
  • It is permissible to utilize management tips;
  • You may research the latest market trends and perform analytical work.

MT4 users can create their own bots and scripts, and professional players can use MetaTrader 4 – Exness MultiTerminal, which makes it possible to analyze data from several accounts at once.

MT5 Exness terminal

MetaTrader 5 is a contemporary trading platform that provides traders with the most advanced features to make trading as easy as possible. This Exness terminal provides the following services:

  • A massive amount of new indicators;
  • Many new robots;
  • Expiration options aplenty;
  • Transaction security and stability;
  • Bots and scripts that may be launched from the terminal;
  • The capacity to protect the operation against potential disasters;
  • Keeping track of previous transactions;
  • Keeping track of the most latest information;
  • Access to a number of predictions

To access all of this capability, simply register on the site, download the application, and begin working. A online version of MT4 is accessible for individuals who do not wish to deal with such software. It is sufficient to connect to the internet using any computer, navigate to the Exness website, and begin trading using any web browser. The Web-Terminal MT4 is identical to the software version. It is also secure and dependable. It also contained all of the capabilities required for Exness forex trading.

Exness broker mobile platform application

To keep up with the ever-increasing mobility of traders, they attempt to access as many information and services as possible. Downloading the Exness app will provide you access to trading and terminal choices. As a result, Exness broker keeps track of the current trends and helps its traders a lot with comfortable options:

  • Fast market entry;
  • Technical data analysis;
  • Developing strategies;
  • Negotiating;
  • Account activities, including withdrawal of cash and replenishment of the account;
  • Trading from a mobile device.

The application is free to download and install.

Education and analytics

Only the most basic instructional resources are available to the trader:

  • Academy
  • This section includes feature videos that explain the most crucial aspects of online trading.
  • Webinars
  • These online seminars take place many times a month, but you won’t find them in the site’s archives.
  • Glossary
  • This section contains a glossary of words and their definitions.

Most platform users feel that these training resources are adequate for novices, but that they will not be original for experienced traders.

On its website and mobile app, Exness broker provides traders with a variety of research and instructional resources in the form of informational trader calendars. Exness includes a trader calculator, an understanding and analysis tool, trader training, and tools to help them improve their expertise.

On the platform, you’ll also get the most recent news from Dow Jones News. As you can see, the firm provides sufficient information to its customers in order for them to make an informed decision. Please keep in mind that there are no particular indications, therefore traders must rely on their own judgement when interpreting crucial signals.

Commissions & fees

When it comes to determining commissions, Exness broker uses a variety of methods. As a result, a floating spread is utilised on Standard, Cent, and Pro accounts, which is determined by the current market position. A combination of a modest spread and a set fee per trade is used in Raw Spread accounts. The absence of a spread and a set fee per trade distinguishes zero accounts.

Payment options

The broker accepts a variety of payment methods, allowing traders from all around the world to trade. As a result, the deposit and withdrawal processes will be simple for you. The fundamental feature of deposits and withdrawals is that they are almost always instantaneous. Furthermore, the broker does not charge any fees for deposits or withdrawals. The sole exception is Skrill withdrawals, which require a $1 fee for any transactions under $20. To make this operation available in all countries, the platform takes payments through a variety of Electronic Payment Systems (EPS).

You may also establish an account in one of more than 60 different currencies. It assists clients in reducing the cost of conversion services.

Payment options displayed on exness.com website

Benefits and drawbacks of Exness broker

Benefits:

  • A wide range of trading products
  • Multiple trading accounts
  • Multiple regulators licences
  • Low fees
  • Free VPS server

Drawbacks:

  • There are no indications
  • There is a poor selection of educational resources

General conclusions

In today’s market, there is fierce rivalry for each client, and only brokers who offer good trading circumstances can retain strong positions. This issue was solved by Exness broker being a completely customer-oriented broker, as illustrated in this Exness review. It was successful in creating a favourable trading environment for the customer. The project’s dependability is demonstrated by constant updating of the service in accordance with current trends, competent assistance, and prompt replies to traders’ questions. According to Exness broker evaluations, the broker is appropriate for traders of all levels of experience.

Also consider the platform’s lengthy history of effective operation, the availability of all required licences, notable honours, and adherence to the user agreement.

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Cole Anderson
Cole Anderson / article author
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