Trade with Exness
Exness in Pakistan: A Legal and Popular Trading Platform
Widely-used and legally compliant trading platform popular among Pakistani traders for its reliable and diverse trading services
The Reliability of Exness: Why It's Not a Scam
Licensing and Regulation
Exness is known for its strong commitment to licensing and regulation, which is a crucial aspect of its operations.
The specifics of Exness's licensing and regulatory compliance include:
The specifics of Exness's licensing and regulatory compliance include:
- Multiple Regulatory BodiesExness is regulated by various financial authorities includes entities like the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the UK.
- Compliance with International StandardsBeing regulated by such reputable authorities means that Exness must comply with international financial standards and practices.
- Client Protection MeasuresPart of regulatory compliance involves implementing measures to protect clients' funds.
- Regular Audits and ReportingExness is subject to regular audits and must report its financial activities to the regulatory bodies.
- Operational StandardsRegulations also cover operational aspects such as execution of orders, handling of client assets, risk management practices, and overall operational integrity.
Company's Age and Size: Proof of Reliability
Being operational since 2008 means Exness has over a decade of experience in the financial trading sector. Exness has expanded its global presence with a substantial client base and significant trading volumes. A larger size often correlates with more resources for client support, technology development, and compliance with regulatory standards. This can be assessed through various metrics like user reviews, industry awards, and trading volume reports.
Why Traders in Pakistan Choose Exness: Reputation and Trust
Ratings and Reviews: Customer Opinions
Exness, as reviewed by various international financial websites, has garnered a reputation
for being a reliable and diverse trading platform.
for being a reliable and diverse trading platform.
- Trust and RegulationExness is rated with a trust score of 4.3/5 by FXEmpire, highlighting its 15 years of operation and regulation by multiple authorities, including top-tier ones like the CySEC and the UK FCA.
- Trading Options and FeaturesThe platform offers a dynamic range of trading options including currency pairs, commodities, stocks, and indices. Traders appreciate the competitive spreads, innovative market protections, and the diverse range of financial instruments available for trading. Exness also provides unique market protections and flexible access to various markets, enhancing the trading experience.
- Platform and TechnologyExness is known for its innovative trading platforms. Beyond MetaTrader 4 and 5, it offers the Exness Terminal integrated with TradingView options, and the Exness Trade App.
- Account Types and ConditionsExness offers a variety of account types including Standard Cent, Standard, Pro, Zero, and Raw Spread, each tailored to different trader needs and experience levels.
- Fees and CommissionsThe platform employs a variable spread model and doesn't specify a minimum deposit requirement, which allows traders flexibility in managing their trading costs. Some accounts have commissions while others offer zero spreads for specific accounts.
- Ratings and RankingsOn forex rating sites like Forex-Ratings.com and ForexRecommend.com, Exness is ranked among the top 10 Forex brokers with ratings ranging from 8.1/10 to 9/10.
Expert and User Recommendations
Client Security: Exness's Priority
Exness demonstrates a strong commitment to ensuring the security of both the funds and personal data of its clients. Their adherence to PCI DSS standards, implementation of robust data security measures, and efforts to educate clients about fraud prevention highlight their dedication to providing a secure and reliable trading environment.
Protection of Deposits and Personal Data
Protection of Deposits
Exness adheres to the Payment Card Industry Data Security Standard (PCI DSS), which is crucial for organizations dealing with online card payments. PCI DSS includes technical and operational requirements to strengthen the security of cardholder data and promote consistent global security measures.
Personal Data Security
Exness has implemented a number of security features to protect traders' personal data
- Web Attack ProtectionUtilizing Web Application Firewalls, Exness safeguards against vulnerabilities like SQL injection and XSS attacks, filtering traffic and blocking malicious IP addresses.1
- Trading Platform Fault ToleranceThey provide DDoS protection to ensure uninterrupted trading, deposit, and withdrawal processes.2
- Zero Trust ApproachThis involves assuming the risk of external and internal threats, implementing comprehensive security measures including encryption of transmitted data, restricted access to digital resources, and continuous monitoring.3
Protection Against Fraudulent Activity
Exness emphasizes the importance of recognizing and protecting oneself from fraudulent activities. They advise clients to be cautious and not share sensitive information like personal identity documents, security types, or support PINs.
Exness also warns against conducting financial activities related to Exness outside of their Personal Area (PA) and urges clients to be wary of suspicious links and communication that might appear to be from Exness but ask for sensitive information.
Insurance Fund and Protection Against Negative Balance
Negative Balance Protection is a significant feature offered by Exness to all its clients, regardless of whether they have standard or pro accounts. This feature is especially beneficial for those trading forex through CFDs, as it protects them from the risk of losing more than their initial deposit, which can be a common risk in leveraged trading.
Compensation Fund. Exness is a member of the Financial Commission, an international organization that resolves disputes in the financial services industry, particularly in the forex market.
These measures are particularly crucial in the volatile world of online trading, where the risks can be substantial. By offering these protections, Exness aims to give its clients peace of mind and a safer trading environment.
Compensation Fund. Exness is a member of the Financial Commission, an international organization that resolves disputes in the financial services industry, particularly in the forex market.
These measures are particularly crucial in the volatile world of online trading, where the risks can be substantial. By offering these protections, Exness aims to give its clients peace of mind and a safer trading environment.
Advantages and Disadvantages
of Trading with Exness
of Trading with Exness
Narrow Spreads, High Liquidity, and No-Penalty Policy
Advantages
Narrow Spreads
- Offers narrow spreads, reducing the trading costs, especially beneficial for frequent traders.
High Liquidity
- High liquidity ensures tighter spreads and less slippage, facilitating better trade execution.
No-Penalty Policy
- Freedom to employ various trading strategies like scalping without penalties or restrictions.
Diverse Trading Instruments
- Offers a wide range of trading instruments including forex, metals, cryptocurrencies, etc.
Multiple Account Types
- Provides various account types to suit different trading styles and experience levels.
- Offers narrow spreads, reducing the trading costs, especially beneficial for frequent traders.
High Liquidity
- High liquidity ensures tighter spreads and less slippage, facilitating better trade execution.
No-Penalty Policy
- Freedom to employ various trading strategies like scalping without penalties or restrictions.
Diverse Trading Instruments
- Offers a wide range of trading instruments including forex, metals, cryptocurrencies, etc.
Multiple Account Types
- Provides various account types to suit different trading styles and experience levels.
Disadvantages
Limited Educational Resources
- May not provide extensive learning materials or structured educational programs for beginners.
Geographical Restrictions
- Services might not be available in certain countries or regions.
Platform Complexity
- The trading platform might be complex for new users, posing a steeper learning curve.
Regulatory Variances
- Regulatory standards and protections may vary depending on the trader's location.
Potential for High Leverage Risks
- High leverage offered could pose a risk of significant losses, especially for inexperienced traders.
- May not provide extensive learning materials or structured educational programs for beginners.
Geographical Restrictions
- Services might not be available in certain countries or regions.
Platform Complexity
- The trading platform might be complex for new users, posing a steeper learning curve.
Regulatory Variances
- Regulatory standards and protections may vary depending on the trader's location.
Potential for High Leverage Risks
- High leverage offered could pose a risk of significant losses, especially for inexperienced traders.
Features of the Exness Trading Platform
Exness offers a range of features across its trading platforms,
catering to various trading styles and preferences.
Trading Platforms Offered by Exness
catering to various trading styles and preferences.
Trading Platforms Offered by Exness
MetaTrader 4 (MT4) and MetaTrader 5 (MT5)
MT4: Known for its wide range of options and established reputation, it includes 30 technical indicators and 23 analytical objects for comprehensive analysis. It also features 128-bit encryption for security and supports the creation of trading robots and scripts using MQL4.
MT5: An upgraded version of MT4, offering a more advanced user interface, 38 built-in indicators, 22 analytical tools, 46 graphical objects, and a built-in economic calendar. It allows for a wider range of trading options, including eight types of pending orders.
MT5: An upgraded version of MT4, offering a more advanced user interface, 38 built-in indicators, 22 analytical tools, 46 graphical objects, and a built-in economic calendar. It allows for a wider range of trading options, including eight types of pending orders.
Exness Terminal
This is a web-based version of the MT5 platform, designed for convenience without the need for installation. It offers basic functionalities for a user-friendly trading experience and is particularly suited for managing MT5 accounts.
Exness WebTerminal
A comprehensive web-based platform that operates through MT4 and MT5 frameworks, allowing for the management of multiple real and demo accounts simultaneously. This platform is ideal for traders handling multiple accounts but lacks the same analytical tools as the desktop versions.
Exness Trader Mobile App
A convenient and comprehensive Forex Trading Terminal for mobile devices, which allows users to manage their Exness accounts, access security information, utilize technical analysis, and stay updated with economic news. It is available for both iOS and Android devices.
Social Trading Mobile App
This app allows investors to follow and mimic successful trades from experienced traders. It acts as a facilitator for investors to copy the trades of strategy suppliers.
Exness Trade App
Available for both iOS and Android, this app offers features like one-click trading, TradingView charts, market sentiment display, and the ability to create orders and watchlists.
Key Features of Exness Trading Platforms
Financial Instruments
Exness provides a broad selection of financial instruments including Forex, Cryptocurrencies, Metals, Energies, Stocks, and Indices.
Exness provides a broad selection of financial instruments including Forex, Cryptocurrencies, Metals, Energies, Stocks, and Indices.
Account Types
Various account types are available, tailored to different trading needs. These include Standard Cent, Standard, Pro, Raw Spread, Zero, and Islamic Accounts.
Various account types are available, tailored to different trading needs. These include Standard Cent, Standard, Pro, Raw Spread, Zero, and Islamic Accounts.
Leverage
Offers up to 1:Unlimited leverage, allowing traders to magnify their trading positions.
Offers up to 1:Unlimited leverage, allowing traders to magnify their trading positions.
Minimum Deposit
The minimum deposit starts from $10, making it accessible for beginners.
The minimum deposit starts from $10, making it accessible for beginners.
ECN Availability
ECN accounts are available, providing direct access to other participants in the currency markets.
ECN accounts are available, providing direct access to other participants in the currency markets.
Scalping and Robots
Scalping is allowed, and the platform supports the use of trading robots.
Scalping is allowed, and the platform supports the use of trading robots.
Customer Support
24/5 customer support is available in various languages.
24/5 customer support is available in various languages.
Advantages and Limitations
Advantages
Exness offers competitive market prices, integrated MetaTrader platforms, swap-free/Islamic accounts, and high leverage ratios.
Exness offers competitive market prices, integrated MetaTrader platforms, swap-free/Islamic accounts, and high leverage ratios.
Limitations
Some geographical restrictions apply, and the platform may not offer certain features like price alerts on all versions.
Some geographical restrictions apply, and the platform may not offer certain features like price alerts on all versions.
Types of Accounts and Their Conditions
Standard Account
- Best Suited For: All types of traders.
- Minimum Deposit: Depends on the payment system used.
- Spread: From 0.3.
- Commission: None.
- Max Leverage: Up to 1:2000.
- Instruments Available: Forex, Metals, Crypto, Energies, Stocks, Indices.
- Max Positions: Unlimited.
- Margin Call: 60%.
- Order Execution: Market.
- Islamic Swap-Free Option: Available.
- Trading Platforms: MT4, MT5.
Standard Cent Account
- Best Suited For: New traders and those looking to trade with smaller amounts.
- Minimum Deposit: Depends on the payment system used.
- Spread: Wider than other accounts.
- Commission: None.
- Max Leverage: Typically up to 1:1000.
- Instruments Available: Limited to Forex and Metals.
- Max Positions: Limited compared to Standard Account.
- Margin Call: Higher compared to other accounts.
- Trading Platforms: Mainly MT4.
Raw Spread Account
- Best Suited For: Traders looking for the lowest spreads.
- Minimum Deposit: $500.
- Spread: As low as 0.0 pips.
- Commission: Yes, applicable.
- Max Leverage: Up to 1:2000.
- Trading Platforms: MT4, MT5.
Zero Account
- Best Suited For: Traders seeking zero spreads.
- Minimum Deposit: $500.
- Spread: Zero spreads for a majority of the trading day.
- Commission: Yes, applicable.
- Max Leverage: Up to 1:2000.
- Trading Platforms: MT4, MT5.
Pro Account
- Best Suited For: Professional traders seeking instant execution.
- Minimum Deposit: $500.
- Spread: Competitive spreads.
- Commission: No commission.
- Max Leverage: Up to 1:2000.
- Trading Platforms: MT4, MT5.
Islamic Account
- Swap-Free: Yes, compliant with Sharia law.
- Available For: All Exness account types.
- Conditions: No swaps or interest on overnight positions.
Demo Account
- Purpose: To practice trading without real money.
- Access to Platforms: MT4, MT5.
- Trading Conditions: Similar to real accounts but with virtual funds.
| Each account type has its unique features and conditions designed to suit different trading strategies and experience levels. The Standard and Standard Cent accounts are more suited to beginners or those looking for lower entry barriers, while the Raw Spread, Zero, and Pro accounts cater to more experienced traders seeking specific trading conditions like lower spreads or instant execution. |
Deposits and Withdrawals: Convenience and Speed
Deposits at Exness
Minimum Deposit
The minimum deposit requirement at Exness is quite low, starting from $10. This low entry barrier makes it accessible for traders with varying financial capacities.
Payment Methods
Exness supports a wide array of deposit methods, including popular options like Skrill, Neteller, credit cards, Webmoney, Perfect Money, CashU, and cryptocurrencies like Bitcoin and USDT.
Currency Accounts
Interestingly, Exness is one of the few brokers that offer metal currency accounts, in addition to supporting a vast array of fiat currencies. Clients have the option to hold their funds in any of the 80 supported fiat currencies or opt for specialized metal currency accounts.
Withdrawals at Exness
Withdrawal Speed
Exness is known for its quick processing of withdrawals. Typically, withdrawals are processed within seconds but can take up to 24 hours in some cases. This promptness in processing ensures that traders have swift access to their funds.
Minimum Withdrawal Amount
The minimum amount that can be withdrawn is quite low, starting from as little as $2. This feature is advantageous for traders who wish to withdraw small amounts.
No Withdrawal Fees
Another notable aspect of Exness is that it does not charge any fees for withdrawals or deposits, which is a significant benefit for traders seeking cost-effective trading.
Customer Support at Exness: Always Connected
Exness, renowned for its comprehensive trading services, offers a robust customer support system designed to assist traders across various aspects of their trading journey.
Multi-Lingual Support
Availability: Exness provides customer support 24 hours a day, seven days a week, catering to a global clientele.
Languages: The support is offered in multiple languages, including English, Chinese, Thai, Vietnamese, Swahili, Indonesian, Arabic, Hindi, Urdu, Bengali, Japanese, Korean, French, Spanish, Portuguese, ensuring accessibility for traders from diverse.
Languages: The support is offered in multiple languages, including English, Chinese, Thai, Vietnamese, Swahili, Indonesian, Arabic, Hindi, Urdu, Bengali, Japanese, Korean, French, Spanish, Portuguese, ensuring accessibility for traders from diverse.
Communication Channels
Exness Help Center: This is a comprehensive resource hub where users can access FAQs, guides, tutorials, and detailed information about brokerage accounts and services.
Live Chat: Exness's live chat feature offers real-time communication with customer service agents.
Email: Traders can contact Exness support via email (support@exness.com) for issues related to their accounts.
Phone Support: For immediate assistance, customers can reach Exness customer service at +35725030959.
Responsiveness: The live chat support is known for its flexibility and quick response, usually within minutes.
Comprehensive Assistance: Exness customer support handles a range of queries, from basic questions like maximum leverage to more complex inquiries about order execution and trading tools.
Live Chat: Exness's live chat feature offers real-time communication with customer service agents.
Email: Traders can contact Exness support via email (support@exness.com) for issues related to their accounts.
Phone Support: For immediate assistance, customers can reach Exness customer service at +35725030959.
Responsiveness: The live chat support is known for its flexibility and quick response, usually within minutes.
Comprehensive Assistance: Exness customer support handles a range of queries, from basic questions like maximum leverage to more complex inquiries about order execution and trading tools.
Pros and Cons
Pros:
The live chat support is known for its flexibility and responsiveness.
Multilingual support caters to a global audience.
Email support offers clear and succinct responses to written inquiries.
Cons:
Live chat response times may vary depending on query volume and time of day.
Email response times might be affected in areas with poor internet connectivity.
Support in less widely used languages might not be as readily available for certain users.
The live chat support is known for its flexibility and responsiveness.
Multilingual support caters to a global audience.
Email support offers clear and succinct responses to written inquiries.
Cons:
Live chat response times may vary depending on query volume and time of day.
Email response times might be affected in areas with poor internet connectivity.
Support in less widely used languages might not be as readily available for certain users.
Comparative Analysis
Exness customer service holds up well compared to other leading brokers in the trading space. It offers round-the-clock support across multiple channels and receives positive reviews from traders. The broker's commitment to providing quality customer service is evident in its comprehensive support system and the availability of multiple communication channels to address traders' needs effectively.
Frequently Asked Questions (FAQ)
Exness is a global online financial trading platform and brokerage firm that offers services in Forex and various derivative products such as CFDs on different assets.
Exness Trade refers to the act of trading on the Exness platform. This could involve trading in Forex, CFDs, and other financial instruments available on Exness.
To delete an Exness account, you typically need to contact their customer support directly. They may require verification of account ownership and will guide you through the process.
The minimum deposit in Exness varies depending on the account type.
The Exness app is a mobile application provided by Exness for trading.
To trade on Exness, you need to create an account, deposit funds, choose your trading instruments (like Forex pairs, CFDs, etc.), and then execute trades using their platform, which could be done through a web interface or mobile app.
To withdraw from Exness to a bank card, log into your account, navigate to the withdrawal section, select 'bank card' as your withdrawal method, enter the amount, and follow the on-screen instructions.
To open a real trading account with Exness, visit their website, sign up by providing necessary details, verify your identity, choose the type of real trading account you want, deposit funds, and start trading.
Exness provides educational resources like webinars, tutorials, and articles to help you learn how to trade. Additionally, practicing on a demo account can be beneficial.
Exness is considered reliable by many traders, but like all trading platforms, it carries risks. It's regulated by several financial authorities, which adds to its credibility.
If Exness is not working, it could be due to technical issues, maintenance, or temporary service disruptions. Check their official website or social media channels for updates.
© 2023 Exness
Ready to get started?
It only takes 3 minutes to get your account set up and ready for trading