Exness started its journey in the forex best trading broker’s era of the twenty century. Definitely, it has been hard to struggle with some giant brokers and satisfy their traders with enhanced features.
Speaking about high-quality service, the leader is Exness. More than ten years, the forex broker is operating trades all over the world and achieved positive ratings from thousands of financial journals and agencies.
Yet is it number 1 forex broker in 2020? Or, why should you choose the company to start your trading? In today’s review about Exness, I am going to answer all of your queries.
What is Exness?
Exness is a Forex and CFD brokerage brand operating from Cyprus and the United Kingdom. The brand was originally launched in 2008. It works on both the market-making model where it takes the other side of the trade.
And also on the ECN model where it passes those trades over to the electronic communication network, the interbank market, in order to get you the best possible trade rates.
Regulation-wise, Exness is operated by three subsidiary companies of Exness Group based in Cyprus, the UK, and St. Vincent, and the Grenadines.
Comprehensive Exness Review
It is among those few forex brokers that proudly associate themselves with success. In this section, we will explore what features the platform is offering and what’s running behind its success story.
At A Glance
Undoubtedly, Exness is one of the hard contenders to become the next industry leader. In December 2018, the monthly trading volume on Exness was 348.4 billion USD. Meanwhile, the number of full-of-zip traders surpassed 50 thousand.
Trader Account Type
The major account types available on Exness are Standard and Professional. The Standard account itself is different for MetaTrader 5 and 4 holders. Meta Trader has another account type called a Standard Cent account. You can create a Professional account between Raw Spread, Pro, and Zero.
Anyway, you will be required to deposit a minimum amount of $1 for Standard and at least $500 for the Professional account types in order to begin trading on Exness.
Leverage
In my thought, the leverage level in Exness would be suitable enough to match your trading flexibilities whether you are new or an expert in the field. The up to 1: Unlimited leverage is giving you the maximum credit trading ability, which is not so often found on other platforms.
Under MT5 trading features, you can grab up to 1: 2000 leverage for Standard, Raw Spread, Pro, Zero accounts. For Standard, Cent, Raw Spread, Pro, Zero accounts under MT4, the platform is offering up to 1: Unlimited leverage support.
Spread
Exness caught my attention with their surprising spread from 0.3 pips for Standard accounts. That is 0.00, 0.1, and 0.0 chronologically for Raw Spread, Pro, and Zero account holders.
Since the spread is not fixed, there are risks and opportunities lurking in the very core of the platform. Well, that is what forex trading is all about. Doesn’t it?
Commission
Unlike regular forex brokers, Exness has a clear subconscious mind to take care of the users and clients, especially beginners. For that reason, there is no charge or commission upon trades that happen by Standard and Cent accounts. Even though for Professional accounts, little commissions pertinent on Exness.
MetaTrader 5
Up to 3.5 USD per lot for Raw Spread accounts
No trading commission for Pro accounts
Up to 3.5 USD per lot for Zero accounts
MetaTrader 4
Up to 3.5 USD per lot for Raw Spread accounts
No Trading Commission for Pro account
Up to 3.5 USD per lot for Zero accounts
Order Volume
You can start trading as a small lot as 0.01 with all trade accounts where the maximum trading limit is up to 7:00 – 20:59 GMT+0: 200 lots, 21:00 – 6:59 GMT+0: 20 lots. The only difference is the Cent account. It’s entitled to transact up to 100 lots for the account owners.
Available Trading Instruments
As I told you before, the platform is for all types of traders. Hence, there are flexibilities to trade crypto also. Moreover, you can trade different currency pairs, metals, energies, indices also. Unfortunately, there is no option to trade stocks on Exness.
Trading Platforms
MetaTrader 5 and 5 enable the modern trader to work in financial markets. For increasing productivity, both MTs are packed with easy interfaces and a great number of new trading opportunities.
Anyway, you can also go for trading with WebTerminal. Just now let’s have a closer look at the good sides of all platforms.
Features of MetaTrader 5
The development environment can be launched right from the terminal with the MetaEditor
MQL 5 enriched with a bunch of numerous graphical objects and functions.
With the hedging system, traders can have manifold positions for a trading instrument.
Usability of up to 21 timeframes at one time.
Inbuilt economic calendar.
22 analytical tools, 38 indicators, and 46 graphical objects.
Windows, Mac, Android, iOS
Features of MetaTrader 4
Instant and Market order execution
30 indicators, 23 analytical tools access
AI-based expert advisors
Protective client data
Windows, Mac, Android, iOS
Features of WebTerminal
No download required
Just like the desktop versions
Intuitive, fail-free, and fast enough to make a decision
All types of trading operations are available
Customizable price charts
Access to basic analytics tools
Get quotes in real-time
Why Trade ON Exness
That is a fact: Exness is growing at a pace that is a bit slow in comparison with the competition. But again, the activities of the clients and the traders are resilient enough. Still, the prospect is there is tolerably scarred competition for the time being. So, it is better to jump on to the platform now rather than at a point when it is flooded with traders.
Reasons You Should Trade on Exness
Experienced management board
Many trading instruments
Suitable for beginners and experienced traders
Reasonable spread points
24/7 customer support in 13 languages, including Chinese
Unlimited leverage
Transparent and reliable forex broker
Exness Team Pro
Final Thoughts
Clearly, Exness has long been there to ensure your funds are safe. Personally, I prefer the maximum leverage they offered. Besides, the customer service is native. As far as my concern, they’re trying to maximize the localization which will be great in the future.
Whatever it is, anyway, it matters if you can grab any opportunity or benefit through the platform or not. The Review of Exness shall clarify the current values that the forex broker is providing and help you reach out to your final decision.
In my point of view, it’s an obvious contender to become the number 1 forex broker in 2020. Let me know yours.
Exness Trusted Reviews
Exness Overview
| Company Information | Trading Account Options |
| Broker Details | Info | Type | Info |
| Regulators | CySEC, FCA | Maximum Leverage | 1:2000 |
| Country | Cyprus | Mini Account | Yes |
| Base Currencies | USD | VIP Accounts | Yes |
| Type Of Brokers | ECN, STP | Segregated Accounts | Yes |
| Trading Platform | Desktop, Mobile, MT4, MT5 | Free Demo Accounts | Yes |
| Established Year | 2008 | Managed Accounts | No |
| Website Language | English | Pro Account | Yes |
| US Clients | No | Minimum Deposit | $1.00 USD |
| Islamic Account | Yes |
| Payment Option | Contact Information & Support |
| Payment Option | Contact Information & Support |
| Method | Getway | Type | Info |
| Account Funding Methods |  Visa Card Master Card Skrill Wire transfer,  Perfect Money and more | Telephone No | +357 25 030 959 |
| Account Withdrawal Methods | Visa Card Master CardSkrillWire transfer, Perfect Money and more | [email protected] | |
| 24 Hours Support | Yes | ||
| Support During Weekends | No | ||
| Address | Nymstar Limited is at F20, 1st floor, Eden Plaza, Eden Island, Seychelles | ||
| Website | https://www.exness.com/ |
Exness Trading Features
| Suitable For | Trading Services |
| Trader Level | Yes/No | Service | Info |
| Publicly Traded | No | Hedging | Yes |
| Beginners | Yes | News Trading | No |
| Day Trading | Yes | Scalping | Yes |
| Weekly Trading | No | Automated Trading | No |
| Professionals | No | Indices | Yes |
| Swing Trading | No | Commodities | Yes |
| Minimum Spreads | 0.1 | Forex instruments | Yes |
| Commission | Yes | CFDs | No |
| Fixed Spreads | No | ETFs | No |
| Stocks | No | ||
| Bonds | No | ||
| Cryptocurrencey | No | ||
| Trading Signals | No | ||
| Educational Service | No | ||
| Copy/Social Tradings | No |
Conclusion
The bottom line is that Axi.com is a well-regarded and nimble forex broker with a great reputation for offering ideal trading conditions and an inoffensive trading platform. Of course, being ASIC-regulated, with very competitive trading costs, it may be a fair option among the best to efficiently navigate the forex market. If you’re in the market for a new forex broker, Axi.com is certainly worth considering for its comprehensive offerings and reliable service.
