I like the trading fees at Exness and the absence of swap rates on xcritical official site leveraged overnight positions on several assets. It ensures that traders can have a competitive edge, by minimizing potential fees when holding positions open for longer versus more expensive brokers. Within the website’s blog section, Exness features a category dedicated to education, with articles covering topics such as trading strategies and platform features. I appreciated that advanced materials, including an introduction to algorithmic trading with Python and MT5, are also available. Seasoned market technicians further explain the use of classic tools like Fibonacci retracements.
Deposit and Withdrawal
If we ignore the quick of somehow downloading Pocket Option (which you are unlikely to come across in markets Exness actually accepts clients from) then we think the offering Exness have is quite decent. Not only can you choose between 3 quality trading platforms they also have a good social trading app that avoids the generic offering many brokers are creating. Exness offers unlimited leverage, which for better or worse, is a clear differentiator that sets it apart from many other forex brokers. Overall, we think Exness offers reasonably competitive spreads, a good range of account options, diverse funding methods which include cryptocurrencies, and a decent education.
Mobile Trading Apps
At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). As mentioned, Exness integrates with both MetaTrader 4 and MetaTrader 5, and also offers access to the MT4 MultiTerminal which is helpful if you’re trading on multiple accounts. You can also use MetaTrader 4 and MetaTrader 5 as a trading platform in its own right. These platforms are available as downloads for Windows and Mac, as mobile apps for iOS and Android and for web browsers. It’s available for both iOS and Android, it has all the features you would expect of a mobile trading app.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Once your account is live, any further deposits will need to be at least $10. When selecting a broker, traders will need to weigh up which aspects are most important to them. If you’re looking for the lowest cost and a greater degree of safety, it could be worth checking xcritical official site some competitors.
- In Classic and ECN accounts, traders aren’t limited to a certain number of positions.
- At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.
- Opening an account with Exness is relatively straightforward and entails the usual steps.
- While the Standard Account spreads may not be remarkable, spreads starting from 0.0 pips are accessible through Professional account types.
Tradable Instruments
There are also three professional accounts – Raw Spread, Zero, and Pro – that are designed for experienced traders, including scalpers, day traders, and algorithmic traders. Exness offers a very strong selection in forex, commodities, indices, and cryptocurrencies, affording clients opportunities with a greater variety of markets at their fingertips. CFDs on shares are relatively limited, and I would like to see more global exchanges added to the mix. After a few weeks of testing, I found the Exness Terminal platform intuitive, well-crafted, and very user-friendly.
However, traders should be aware of potential minimum transaction amounts set by their payment providers. Exness is one of the largest forex brokers globally by trading volumes, handling several trillion dollars worth of volume. If it continues to grow, I would like to see it begin to accept retail clients in its Tier-1 regulatory jurisdictions which would help it be more competitive with Highly Trusted brokers. Exness is a viable option if you reside outside of the U.S., the U.K., and the EU.
Check out my guide to the best U.S. brokers for a run down on the forex brokers I recommend to traders located in the United States. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Exness has a decent range of forex pairs to trade but it doesn’t offer any ETFs, bonds or treasuries, futures, or the option to purchase underlying shares.