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Exness Review ️ Pros And Cons Nigeria Edition

Exness Review ️ Pros And Cons Nigeria Edition

exness forex broker review

If you wish to know, see our deep dive for the differences between MetaTrader 4 and MetaTrader 5 to help you decide. Exness offers various trading platforms including their own proprietary Exness Terminal and the Exness Trade app. Their Terminal is a web-based trading platform which means you won’t need to download and install anything and can get trading right away. The other trading platforms of note are mainstream MetaTrader 4 and MetaTrader 5.

Web Terminal

Steven Hatzakis is the Global Director of Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. An account can be opened in minutes through the online registration portal with no deposit needed for the Standard and Standard Cent solutions. The Pro, Raw Spread and Zero accounts are activated when a qualifying deposit is made. With that said, the brand may provide some rewards as part of campaigns.

Does Exness offer leverage and what is the maximum ratio offered?

Exness provides a good selection of account types, catering to both beginners and experienced traders. The Standard Cent account, with its cent lot sizes, is ideal https://forexbroker-listing.com/ for testing strategies without risking significant capital. I primarily used the Standard account, which offered competitive spreads across most currency pairs.

Exness Customer Support Test

Exness presents a comprehensive suite of five distinct account types to accommodate the diverse needs of traders. These accounts, namely the Standard Cent, Standard, Pro, Zero, and Raw Spread, offer a spectrum of features tailored to different experience levels and trading preferences. Whether you are a novice looking to test strategies with smaller volumes or an experienced trader seeking ultra-low spreads, Exness provides a range of options to enhance your trading experience. The Zero account offers you 0.0 point spreads on 30 currency pairs for 95% of the trading day, making it an ideal choice for your EA and automated trading strategies. Exness bills itself as a trading platform that offers you better than market conditions on a range of assets, most notably forex and CFDs. Exness was founded in 2008 and has a unique offering for trading cryptocurrency using leverage.

Exness Product Offering

The broker does not charge any fees when a live trading account becomes dormant. Exness offers a free Demo account in addition to current financial news from Dow Jones, rich instructional tools, and Web TV with the most recent changes. The broker is currently not regulated locally in Namibia by the Bank of Namibia, the official market regulator for the derivatives market and financial markets. This broker, I don’t know where to begin to explain how corrupt this broker is. At first glance with the help of alot of forums & advertising Exness claims to be a top broker with low spreads & instant withdrawals.

exness forex broker review

Bonuses and Promotions

exness forex broker review

Exness presents eight regulated entities and maintains a secure trading environment. Furthermore, Exness charges overnight fees on overnight positions (depending on the position) but offers a Swap-Free Account to Muslim traders. The costs vary depending on the trading instrument and account type, and Exness offers detailed information on these fees to assist traders in making educated selections. According to our findings, Exness is an extremely reputable Forex and CFD broker for traders in Nigeria. As part of its offer, Exness charges competitive spreads and offers a variety of trading options. The Exness Affiliate Program offers an opportunity for individuals and businesses to earn commissions by referring new clients to the broker.

exness forex broker review


The broker has grown significantly over the years and now offers a range of forex and CFD trading services. It supports popular trading platforms like MetaTrader 4 and MetaTrader exness broker reviews 5, catering to different trading preferences and strategies. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability.

Firstly, affiliates have the opportunity to earn competitive commissions based on the trading activity of their referred clients. ➡️ It pays up to $1,770 depending on the platform, country of residence, and the amount that referred customers deposit with a minimum first-time deposit of $10. The broker is an industry leader in terms of appealing and regularly scheduled payouts. The broker provides its partners compensation of up to $1,770 for each referred customer who becomes an active client. Yes, the broker offers free access to its comprehensive range of educational and research materials for all registered clients.

  1. Trading with a broker with multiple types of trading platforms and proprietary apps will ensure zero downtime on your trading and have less of an impact if one platform has any issues.
  2. However, traders should be mindful of fees set by their payment providers.
  3. With a limit of 1000 positions and no minimum deposit beyond the first 190 ZAR / $10, it is an excellent trial ground for beginning traders.
  4. I primarily used the Standard account, which offered competitive spreads across most currency pairs.
  5. Nonetheless, the broker’s commissions for cryptocurrency CFDs are quite competitive.There is a total of 7 cryptocurrency pairs on the platform.
  6. Some brokers don’t offer the latest MT5 platform, so we consider this to be a pro with Exness.

Taking into account that the broker is positioned as international and actively operating in the countries with weak knowledge of English, it is a significant drawback. This has been the main ‘workhorse’ of the forex trading for many years. The interface is user-friendly and easy to understand even during learning.

There is negative balance protection in place, which will provide you with an additional level of security. They offer low spreads and do not charge withdrawal, deposit, or inactivity fees. Finally, you can trade currency pairs, cryptocurrencies, stocks, indices, and commodities, allowing you to effectively diversify your portfolio. A step up from practice trading, beginners can also choose Exness’ copy trading for relatively lower risk trading.

Users can also use Errante’s MT4 platform for algorithmic trading. From our testing, we found that Exness provides access to 35 cryptocurrencies which include well-known coins such as Bitcoin and Ethereum as well altcoins. An interesting feature we found was that you can trade some coins against a range of fiat currencies including the USD, EUR, AUD, JPY, THB, ZAR, and KRW. Yes, Exness offers access to Nasdaq through US TEC with a spread that starts from 6.5 pips on the Raw Spread Account with commissions of $1 charged. The broker does not charge Namibian traders any deposit or withdrawal fees.

Experienced traders can share their strategies, allowing others to replicate their trades. The Exness Terminal platform offers standard order types like market orders, limit orders, and stop-loss orders. Trailing stop loss orders are not available, and applying time-in-force conditions to orders is impossible. Advanced traders have access to the MetaTrader platform, sophisticated trading tools, and the opportunity to utilize extremely high leverage through the offshore entity regulated by FSA Seychelles. Exness does not charge any withdrawal fees, making it convenient for traders to access their funds without incurring additional costs. Third party changes may apply depending on the monetary service provider.

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