Exness is a respected multi-asset broker offering cryptocurrencies, stocks, indices, Forex, and commodities on a CFDs (Contracts for Difference) basis to traders. Exness has been around since 2008 and has gradually followed itself in fame and presence around the globe, accounting for millions of active traders.
Is Exness Trading Good?
Determining if Exness trading is “good” or not is subjective and will depend on needs and preferences of that trader. Below is a summary of things to consider:
Pros:
- Regulation and Trust: Exness is regulated under a number of well-known international financial regulators. These include the Financial Services Authority (FSA) in Seychelles, The Cyprus Securities and Exchange Commission (CySEC), and the Financial Conduct Authority (FCA) in the UK. Multi-jurisdictional regulatory oversight of Exness provides security and transparency to its users. Exness has a high trust which represents secure conditions for trading, the use of segregated client accounts, and negative balance protection.
- Multiple Instruments Universe: Exness provides a multitude of trading instruments in almost all asset classes allowing traders the ability to appropriate different asset classes in their portfolios. These include major, minor and exotic Forex currency pairs; many cryptocurrencies, commodities such as metals and energies; CFDs on stocks from the world market; and many famous indices from around the globe.
- Tight Spreads and Commissions: Exness is known for providing consistent, tight spreads which can vastly increase value, especially in highly liquid assets like oil and gold. Some accounts (Raw Spread and Zero accounts) feature ultra-tight spreads that have fixed commissions per lot, this is favorable for high-frequency traders. Other accounts (Standard and Pro accounts) feature competitive spreads, with commission-free trading.
- Multiple Account Types: Exness offers several types of accounts (Standard, Standard Cent, Pro, Raw Spread, and Zero) that suit different levels of experience and different trading styles. The Standard Cent account is especially beneficial for fledgling traders, by offering cent lots and lower risk exposure. , Professional accounts are most feature-rich and have tighter spreads for more advanced traders.
- High Leverage: Exness allows for leverage flexibility up to sometimes a 1:Unlimited offering that allows for larger positions with less capital. But high leverage must be understood also increases losses proportionately.
- Fast Order Execution: Exness emphasizes prompt order execution placed by brokers, which is important for traders looking for opportunities to make quick market movements and minimize slippage.
- Instant Withdrawals: Exness also has instant processing of withdrawals (for selected payment systems), allowing clients to receive their money without long wait times.
- User-Friendly Trading Platforms: Exness has world-class trading platforms like MetaTrader 4 and MetaTrader 5 for desktop and mobile and its own Exness Trade app and Exness Terminal which are both user-friendly for new traders and for professionals.
- 24/7 Customer Support: Exness has 24/7 customer support available for any issues or questions encountered by traders.
- Educational Materials and Trading Tools: Exness has many trading tools and educational resources to aid traders before trading or executing trading decisions including an economic calendar, Trading Central trading signals, and FXStreet market news.
Cons:
- Risk of CFD Trading: Exness primarily offers CFD trading, and therefore we need to be aware of the risks of trading CFDs. CFDs are complex products and a high risk of losing money quickly is possible through leverage.
- Variable Spreads: Though Exness offers competitive spreads, they are variable and may increase during times of high volatility, daily news announcements and different trading sessions.
- Minimum Deposit Requirements: Minimum Deposit requirements do not apply to Standard and Standard Cent accounts, while Professional accounts do have minimum deposit requirements, based on region.
- Limited Investment Opportunities: Exness is a CFD specialist and does not participate in traditional stock investment or other asset classes directly.
How to Trade on Exness
Following is a general step-by-step procedure on how to start trading on the Exness platform:
1. Account Registration and Verification
- Visit the Exness website and register for an account.
- Complete the registration process by entering the necessary personal information.
- Authenticate your account by providing required identification documents (proof of address and proof of identity) as per regulatory requirements.
2. Account Funding
Once you have confirmed your account, access your Personal Area through the Exness website or mobile app.
- Go to the “Deposit” section.
- Choose your preferred payment method from the available options (e.g., bank transfer, credit/debit cards, e-wallets).
- Input the deposit amount and complete the instructions to complete the transaction. Be careful of the minimum deposit for the account in question.
3. Selecting a Trading Platform
Exness offers several trading platforms
- MetaTrader 4 (MT4): A very widely used platform because of its rich array of charting capabilities, technical analysis tools, and automated trading functionality (Expert Advisors).
- MetaTrader 5 (MT5): Newer version of MT4, with additional features, order types, and timeframes.
- Exness Trade App: A trading application for mobile, providing a simple interface and basic trading features.
- Exness Terminal: A browser-based platform that can be accessed directly from your browser without the need for installation
Choose the most appropriate platform for your trading style and preferred device. Download and install the desktop platforms or use through the web or mobile versions. Log in to your chosen platform with your Exness account information.
4. Choosing Trading Instruments
On the trading platform you have chosen, there can be seen the trading instruments that are available. They are generally listed by asset class (Forex, Cryptocurrencies, Commodities, Stocks, Indices).
Look for the exact instrument you want to exchange (e.g., EUR/USD, BTC/USD, Gold).
Place the tool in your “Market Watch” or favorites for quick access.
5. Analyzing the Market
Before we get into a trade, we should look at the market from several tools and techniques
- Technical Analysis: Price chart analysis, pattern identification, and technical indicators (such as Moving Averages, RSI, MACD) to predict future price movement.
- Basic Analysis: Reading economic news, events, and data releases that have the potential to affect the value of the assets you’re trading.
- Access to analysis tools like an economic calendar and trading signals to support your analysis.
6 Placing a Trade
- Order Type: Select the order type you want to place (e.g., Market Order to execute immediately at the current price, or Pending Order to execute when the price reaches a specific level).
- Volume (Lot Size): Specify the volume of your trade. This determines the unit quantity of the asset you are selling or purchasing and has a direct impact on the potential loss or gain.
- Stop Loss (SL): Put in a stop-loss to limit your potential losses in case the market turns against your trade. It is a level where your trade automatically will be closed.
- Take Profit (TP): Create a take-profit order so that your trade will be closed automatically when the price hits a target profit point.
- Direction: Choose whether you would want to “Buy” (go long) if you think that the price will increase, or “Sell” (go short) if you think that the price will decrease.
Verify your order information and click “Place Trade” or the button for that to enter your trade.
7. Managing Your Trades
- Once you have initiated your trade, you can monitor its status in the “Open Positions” or “Trade” section of your platform.
- You can also modify your stop loss and take profit levels or manually close your trade at any time.
8. Closing a Trade
To manually close an open trade, select the open position and click on the “Close” button. The profit or loss of the trade will be automatically transferred to or withdrawn from your account balance.
Full Description
Exness is a worldwide, multi-regulated broker providing CFD trading on a broad variety of financial products. They provide a number of account options with competitive trading terms, such as low spreads and, depending on the account, zero or minimal commissions. Exness provides high leverage facilities, quick order execution, and instant withdrawal processing.
The markets are made accessible to the traders by common platforms such as MetaTrader 4 and MetaTrader 5 in addition to Exness own web and mobile platforms. The broker is concerned with ease of use, which appeals to both new and seasoned traders with a variety of features and tools.
Regulation by several serious financial institutions is evidence of Exness’s dedication to offering a safe and transparent trading environment. Having a range of trading instruments provides portfolio diversification as well as the exploration of different market opportunities.
But would-be traders should be aware of the risks of CFD trading and leverage. Even though Exness offers instruments and analysis software and risk protection, the traders should be careful and develop a sound trading strategy.
In general, Exness is a good option for traders interested in trading CFDs on different asset classes, provided that they are aware of the risks and choose an account type and leverage in sync with their risk appetite and trading experience. The broker’s strong regulation, good terms, and user-friendly platforms are strong positives.
hi