Is Exness A Scam?

Is Exness A Scam?

And I thought the problem was with the platform, but now I realize that it’s my broker. It also did the same on US OIL and this was just a technical analysis. I found that the trade hit my TP and went even beyond, but when I come back I find it on a loss. Exness is the brand name of the global brokerage firm that delivers its services through two main offices in Seychelles and is a Cyprus Broker.

I was trading with trend line strategy and it didnt even cross my trend line by the time i was chatting to them. I emmidiately wetdrew the rest of my funds which i hope i will get. Check out this article from Benzinga’s forex trading experts to learn about the best forex trading strategies.

Reviewing The Exness Mobile App

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features. After making a successful trade, you’ll wish to withdraw your fund as soon as possible.

In addition to the MT4 suite, offers clients its proprietary Advanced Trading Platform for desktop that also has a mobile app and a web-based version. The Islamic prohibition of making money from money, or “Riba,” which specifically includes interest, is not permitted by Sharia law. Riba can also be translated as “usury,” and it consists of what those of the Islamic faith consider unjust and exploitative gains made in the course of trade or business.

There are no account, withdrawal, deposit or inactivity fees, and withdrawals are instant to local bank accounts and cards. Standard accounts charge no commission, but there is a higher spread cost to cover trading fees. AvaTrade offers trading tools, fundamental data, a news feed and charting as well as social trading through DupliTrade, ZuluTrade and AvaSocial. Find out if it will cost you anything to use the broker services too, such as paying to deposit your funds or being charged for a withdrawal. If you want to deposit ZAR, you might have to pay currency conversion fees.

exness review

From our observations, Exness provides clients with multiple account options which come with unique features such as unlimited leverage . There are a variety of accounts to choose from, both commission-free and commission-based. However, all accounts do have competitive spreads and commissions. Exness offers users the ability to access mobile trading on the go from the MetaTrader 4 and MetaTrader 5 mobile trading apps for Android and iOS systems. Both app download links can be found in the Google PlayStore or Apple AppStore. Jitan is a currency trader and an accredited Market Technician with more than 15 years of experience working with fund managers and on several proprietary trading floors.

I am surprised that they have only 3 type of the accounts, usually brokers have much more. In conducting this review, I opened a real account and deposited funds to test it well. The company requested basic details like email address, name and password.

Exness is regulated by seven regulators, including the UK’s Financial Conduct Authority and the Financial Services Commission. The company decided to exit the EU and the European Economic Area countries in 2019. While it did not mention the reason, we believe it is because of the expansive MIFID II regulations.

Get an estimate of how much your transactions will cost with Exness’ Trader’s Calculator automatically. This tool can help calculate the basic values of the position you wish to open, including margin, pip value, swap long and swap short values, as well as volume and lot price. Transactions on Exness’ PC and mobile platforms are processed with Secure Sockets Layer protocol to safeguard its client data. To ensure that your information is secure while operating Exness, always keep a lookout for the SSL security icon is displayed on the address bar of your web browser.

How To Read Forex Charts

Both web platform terminal options also offer multilingual services. I have checked through demo account, they are really small. I think they should make at least one swap-free account, and probably some sort of pamm.

Understand that the MetaTrader 4 trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with Exness. Be aware that different entities under the Exness Brand offer different trading instruments due to regulatory restrictions.

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