Exness Review South Africa – Unbiased Pros & Cons Revealed ( 2020 )

Exness Review

Exness Review

WHAT IS EXNESS?

According to Research in South Africa, our Exness review shows that Exness was founded in 2008 with developments occurring at an impressive rate since the company’s inception.

Exness currently maintains brokerage offices in three different locations, where the brand is represented by three different corporate entities (Cyprus (HQ), UK, Seychelles).

 


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Exness provides traders with financial services and investment solutions that are tailored according to the needs of its clients.

Not only does Exness provide brokerage services which are both stable and reliable, but provision is also made for a comfortable trading environment.

Included in its offering, Exness provides traders with tight spreads from 0.1 pips and there are no hidden commission fees involved. With providing MT4 as a trading platform, Exness provides traders with an array of CFDs and futures on numerous markets.

Exness has customer support that is offered in thirteen different languages and ensures that traders stay up to date by providing the latest financial news.

In addition, Exness is also involved with several organizations as an honorary sponsorship partner.

Visit their official website now 

 

SAFE OR SCAM?

 

Not only is Exness regulated and authorized by two of the strictest and most demanding authorities. Retail customers are signing up under FSA (Seychelles) a very reputable authority.

Exness holds client funds in segregated accounts and provides clients with customer protection.

In addition to this is that Exness is a member of an investor compensation scheme, which pays out a certain amount to each client should the company become insolvent.

Its EEA registration along with it being regulated and authorized by FCA and CySEC make Exness a reputable and reliable broker.

EXNESS REVIEW OF PROS AND CONS

PROS CONS
1 Regulated by both CySEC and FCA
2. Client funds kept in segregated accounts
3. Dealing-Desk Broker
4.  Tight spreads
5. 130+ Currency Pairs with Multiple Trading Platforms
6. Copy Trading System

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LEVERAGE

Due to the high risks involved Exness does not accept Clients from the UK or EU.

Exness offers maximum leverage levels of up to 1:2000 on all accounts which can be opened, and Exness also makes provision for a calculator that work out the maximum leverage and margin requirements according to the trader’s current level of account equity.

ACCOUNTS

Exness offers traders a choice between four accounts, namely a Standard, Raw Spread, Zero and Pro Account.

Standard Account

The Standard account is one of the most popular choices and is tailored to meet the needs of all types of traders.

With the Standard account, traders can benefit from:

  • A minimum deposit of $1
  • Leverage up to 1:2000
  • Spreads from 0.3 pips
  • No trading commission
  • Minimum lot size of 0.01
  • Maximum lot size which ranges from
    • 7:00 – 20:50 GMT+0 at 200 lots
    • 21 – 6:59 GMT+0 at 20 lots
  • Unlimited number of positions
  • A hedging margin of 0% for Forex currency pairs along with metals, energies and indices and 100% for Cryptocurrencies
  • A margin call of 60% and stop out of 0%, along with several others

Raw Spread Account

This type of account offers the lowest raw spreads with a relatively low fixed commission. In addition, it has several similar features as that of the Standard account, with notable differences such as:

  • A minimum deposit of $500
  • Commission per lot or side of up to $3.5
  • Spread form 0.0 pips
  • A margin call of 30%

The Zero Account

This account allows traders to obtain 0 spreads for 95% of the trading day on a total of 30 pairs. In addition, there are similar and standard account features as with the Standard Account, but it differs in the following ways:

  • A minimum deposit of $500
  • Commission per lot or side from $3.5
  • Spread from 0.0 pips
  • A margin call of 30%

Pro Account

The pro account is known as Exness’ instant execution account. With this account traders have access to excellent fill with no commission charges/fees on trading.

As with the Standard Account, there are a set of basic features, and the Pro Account varies in the following ways:

  • A minimum deposit of $500
  • Spread from 0.1
  • A margin call of 30%

All accounts are eligible for Swap-free for Muslim countries.

Provision is also made for Demo Accounts where traders can test their trading strategies in a risk free environment that mimics the functions of a live account and traders have access to virtual funds.

MARKET INSTRUMENTS

Exness offers traders the opportunity to trade in instruments like Forex, metals, Cryptocurrencies, energies and Indices.

FEES

The fees that Exness charges are based on the type of account pertaining to commission fees.

Where both the Standard and Pro accounts do not have commissions that are charged on trading, the Raw account has commission fees up to $3.5 and the Zero Account from $3.5.

Whereas the Standard Account has a minimum deposit of $1, the Raw Spread Account along with the Zero and Pro Accounts have a minimum deposit of $500.

Exness also has a rollover or overnight fee which is applicable should positions be held longer than a day. Each instrument has its own fee, which is charged for these overnight positions, this may either be charged as a fee or provided as a refund.

Although Exness does not charge any fees when deposits or withdrawals are made, traders need to verify with their chosen payment provider before transfers are done as payment providers may waive fees that the trader will be held liable for.

DEPOSIT AND WITHDRAWAL

Exness provides the following payment methods through which deposits and withdrawals can be processed:

  • USDT or Tether
  • Bitcoin
  • Internet Banking
  • Bank Card
  • AstroPay Card
  • Perfect Money
  • Neteller
  • WebMoney
  • Skrill
  • Internal Transfer

Trader should acknowledge that there is a minimum deposit which can be made through using these payment providers with a general $1 required from USDT/Tether, Internet Banking, AstroPay Card, WebMoney and Internal Transfer.

A minimum deposit of $2 is needed when using Perfect Money, $3 when using a Bank Card and $10 when using either Neteller or Skrill. Bitcoin, however, does not specify a minimum deposit amount.

Although most payment providers indicate deposit speeds which are instant USDT may take up to 72 hours and Bitcoin up to 4 hours.

As with the processing speed on deposits, withdrawals may also take some time to process and for it to reflect in the trader’s account.

  • Instant withdrawal speed – AstroPay Card, Perfect Money, Neteller, WebMoney, Skrill and Internal Transfer
  • Up to 4 hours – Bitcoin
  • Up to 72 hours – Both Internet Banking as well as USDT/Tether
  • Between 3 – 5 working days – Bank Card

Exness does not permit third-party payments due to strict regulations and as a safeguard against money laundering.

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TRADING PLATFORMS

Exness provides traders with a choice between MetaTrader 4, MetaTrader 5, WebTerminal as well as Exness Terminal. Exness Terminal is their own sophisticated and customized trading terminal, entirely developed and maintained by Exness developers.

MetaTrader 4

This is the most popular trading platform used in the trading community for various reasons such as:

  • It allows for flexible trading with numerous trading strategies
  • Provision for both instant and market execution orders
  • Technical analysis can be performed through using a variety of tools such as 23 different analytical objects along with 30 built-in indicators
  • Auto-trading is made possible through Expert Advisors

MetaTrader 5

Is the upgrade from MetaTrader 4 and provides traders with a variety of features in addition to what MetaTrader offers, including:

  • MetaEditor
  • MetaQuotes Language 5
  • Hedging System
  • Additional charts and timeframes
  • Provision made for fundamental analysis
  • 38 built-in indicators along with 22 analytical tools and 46 graphical objects

WebTerminal

WebTerminal as a trading platform provides traders with the following features:

  • There is no need to download or install software as it has an interface like the desktop version
  • Speed by being a HTML5 web app and added security through the encryption of data
  • Featuring of basic functions that traders need and use to trade effectively
  • Trading operations of various types
  • Quotes provided in real-time
  • Price charts which are fully customizable
  • Basic analytical objects

Exness Terminal

Similar to WebTerminal in that it is a web version of a trading terminal. The main advantage is that it is both web browser and mobile browser friendly.  Exness Terminal is  entirely developed by the Exness developers. This means that Exness have the ability to continuously improve it in order to give their  customers a better user experience. Exness also have their own tailored made mobile apps developed by their in-house developers.

Main features include the following:

  • Trading Portfolio and history
  • Symbols
  • Deposit tab for real and demo account
  • Trading
  • Live chat support
  • Charting tools and time frames

HOW TO OPEN AN EXNESS ACCOUNT

Exness offers a very simple and digital way to open an account which can be completed in just a few easy steps. Exness even provides a how-to video which can be viewed here. Exness also offers traders the option to open more than just one trading account.

The steps involved with opening an account are:

  1. On the online application form, the applicant enters their country of residence, email and a password that they will use to log in on the website and the Exness Trader app.
  2. After this information has been submitted, the applicant is taken to a demo account which is automatically created with a virtual deposit of $10,000.
  3. The personal area is accessed through the menu option, in the personal area, the trader will find their live account and the option to open more accounts
  4. When opening more accounts, the trader has the option of choosing between the accounts, followed by choosing their leverage and currency, followed by choosing a password for the specific account.

CUSTOMER SUPPORT

Exness can be contacted either by telephone, or via email. Clients also have the option to start Live Chat on any of the pages on the website.

Assistance is also provided in 14 different languages, but assistance in some languages isn’t always available immediately and the waiting periods are indicated next to the language.

Exness also provides access to a Help Centre, which offers a search box where clients can type in key words to help them find answers to topics which they are querying.

EDUCATION

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Exness provides a variety of educational tools that range from an Exness Academy to Webinars and a Glossary.

The Exness Academy provides information on topics such as:

  • Essentials – caters specifically for beginners in teaching them and helping them understand the core of what trading is
  • Development – which can aid traders to build on their skills by teaching them to manage risk and providing them with the opportunity to study other traders
  • A final step known as the Breakthrough, where traders can put their knowledge to the test by starting to analyse markets

Exness provides webinars which are normally scheduled ahead of time. There are currently no events that are planned

The Exness glossary features terms used in the trading community from A – Z. This is not only to be used by beginner traders, but also more experienced traders who need a point of reference.

In addition, Exness also provides Insights and analysis along with news from markets which can be used not only by beginners, but also by more experienced traders who want to keep up to date with insights, analysis and various news topics from different markets.

RESEARCH

Exness provides a range of research tools such as:

  • Calculators with which to calculate basics of the trader’s positions including, Margin, Point Profit, Swap Long and Short, and several others
  • A currency converter
  • VPS Hosting
  • A Market Analysis Calendar
  • WebTV, and
  • Statistics such as Tick History

AWARDS

There are no awards for Exness indicated on the website.

CONCLUSION

Exness is a fully regulated and transparent broker with not only high operational standards, but superior service delivery in that it caters for all types of traders with different levels of experience.

The type of accounts provided are tailored for different traders and commission costs on trades along with other pricing is relatively low when compared with other brokers. Exness offers competitive spreads, prices and trading conditions.

Traders can experience a safe trading environment with the provision of an array of financial instruments and top-notch trading platforms that further cater for their every need.

DISCLAIMER

 

The trading of financial instruments involves a high level of risk which may not be suitable for all traders. Traders need to evaluate their objectives along with their level of experience before making decisions regarding the trading of financial instruments.

Traders face the risk of great losses which may exceed their initial deposit. Exness does not accept liability for any losses or damage and by using the information and/or tools and products provided on the website, traders acknowledge the risks involved.

None of the products or information provided on the Exness website is intended to be used as recommendations or encouragement to be used to trade financial instruments.

Traders may seek independent and professional advice should they deem it necessary.

GENERAL INFO

Group Related
Brand Name Exness
Introduction Exness is a leading international CFD/FX broker offering trading services in over 130 financial instruments since 2008.Exness currently maintains brokerage offices in three different locations, where the brand is represented by three different corporate entities.
Headquarters
Licenses Exness holds brokerage licenses in the United Kingdom, in Cyprus and in the Seychelles.- Exness (Cy) Ltd is authorised and regulated by the CySEC with license number 178/12;- Exness (UK) Ltd is authorised and regulated by the FCA under Register number 730729;- Nymstar Ltd is authorised and regulated by the FSA under Securities Dealer licence number SD025;
Websites www.exness.com, www.exness.eu, www.exness.uk, www.exnessaffiliates.com, www.exness.asia and https://social-trading.exness.com
Countries Exness offers retail brokerage/trading services outside the EU and B2B services around the globe.
Sponsorships Real Madrid
Restricted Countries US, Canada, Iran and others
B2B B2B offerings are available by all Exness brokers, both in the EU and globally.
B2C International B2C services are available by Exness in the Seychelles only.
Awards Most Transparent FX Broker 2019 (World Finance)Global FX Broker of the Year 2019 (The European)Best Global Forex Trading Experience (Global Forex Awards)Best Global Forex Customer Service (Global Forex Awards)Most Trusted Forex Broker (Global Forex Awards)
Reputation
Transparency
Complaints Handling
Volume Recorded In 2018: 4153.25 Billion / 4.153 TrillionIn 2019 (until September): 2,994.11 Billion / 2.994 Trillion
Platforms
Desktop MT4, MT5, Web Terminal
Mobile MT4, MT5, Exness Trader
Social Trading Available. Social Trading mobile app for Investors.
Demo Available
Support
Introduction Exness provides multilingual support 24/5 in over 15 languages while 24/7 support is available in English and Chinese.
Languages Over 15 languages
Hours 24/5 along with round-the-clock customer support in English and Chinese
Support Channels Live Chat, Email, Toll Free, Call Back Services, Messanger
Financial Instruments/ Products/ CFDs
CFDs Classes FX, Metals, Indices, Cryptocurrencies, Commodities, Stocks, Energies
Number of Assets More than 130
FX Pairs Majors, Minors, Exotics, Cross-pairs
Account Types
Introduction More than 4 types of trading account types catering to the needs of all types of traders
Prices/Quotes Competitive Prices/Quotes
Execution Instant and Market Execution is available
Minimum Deposit Starts from $1
Spread Tight spreads, starting from 0.0
Spread type Fixed and floating available
Trading Commission Apply to certain Account Types only
Leverage High leverage, including unlimited
Account Currencies More than 80 currencies available
Metal Currency Accounts Available
Swap-Free availability Yes
Funding
Introduction – Funding process Exness offers an exclusive instant withdrawal experience, which means that clients can withdraw funds instantly 24/7 without the involvment of financial department specialists. Instant withdrawals are supported by most popular electronic payment systems. Almost 98% of withdrawals via electronic payment systems are processed instantly and commission-free.
Introduction – Safeguarding of clients’ funds Exness implements a series of measures to secure clients’ funds, such as segregation of clients’ funds accounts, secure system of financial operations, encryption and optimal risk-management.
Instant Deposits and Withdrawals Available
Commission Free Available
Deposits Several deposit methods available including local payment systems
Withdrawals Several withdrawals methods available including local payment systems
Clients Funds’ Protection Segregation of client funds
Banks Client funds safeguarded in highly European reputable banks
Assurance Services Exness’ own funds, client funds and client withdrawals are regularly reviewed by independent auditor Deloitte.
Crypto/Bitcoins Available
Fundamental Analysis Tools
Economic Calendar Never miss a market event with Exness’ free economic calendar.
Trading Central Web TV Access the latest coverage on the global financial markets.
FXStreet News in Terminal Get real-time market news directly in your trading terminal.
Technical Analysis Tools
Trading Central daily technical analysis Get detailed technical analysis on the financial instruments you’re trading.
Trading Central Technical Analysis indicators Optimize your technical analysis with Trading Central indicators in your platform.
FXStreet News in Terminal Get real-time market news directly in your trading terminal.
Trading Risk Management Tools
Introduction
Negative Balance Protection Negative balance protection means you will never lose more than you initially invested.
Stop Loss Limit your losses and protect your trades by setting a stop-loss order.
Margin Call Available
Trailing Stop Available
FX Calculator Available
Other Benefits
Bonus, Promotions Available
Contents, Competitions Available
Royalty and Premium programs Available for long-term traders
Free VPS-hosting Available
Suitable services for all types of traders
Hedging Allowed
EA/Robots Allowed
Scalping Allowed
Novice Clients
Copy Trading Social Trading services available for Strategy Providers and Investors
Experienced Clients
Copy Trading Social Trading services available for Strategy Providers and Investors
Partners
Introduction Competitive Partnership programs for IBs and Affiliates
IBs Spread Share and Fix Commission per lot
Affiliates CPA

Instruments Products

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Standard Trading Accounts

Standard Account Offering: suitable for all traders, even those just starting out, these are feature-rich, commission-free, market execution account types with stable spreads, no requotes and great execution.

  Standard Cent Standard
Our positioning

.

New to trading? Try trading with cent-lots. The same as Exness Standard account, but the trading units are much smaller and great for learning with. The default choice for most traders, this account is suitable for those just starting out or those who already have some trading experience.
Key Message for Users A great entry account if you want standard conditions, but prefer to trade smaller lots and want to start with a lower capital investment. The default account – a go-to account that is the most popular account for new Exness traders. A great place to get started if you are looking for standard conditions.
Minimum deposit 1 1
Leverage up to 1:Unlimited 1:Unlimited
Trading Commission no commission no commission
Spread from 0,3 0.3 points
Hedged margin 0% 0% for for forex currency pairs, metals, energies, indices

100% for cryptocurrencies

Margin call 60% 60%
Stop out 0% 0%
Order execution Market Market
Swap-free

Available Available

Consult with the helpful support of Exness for up-to-date information.

Professional Trading Accounts

Tailored to the specific needs of more experienced and professional traders, who demand the lowest spreads (even spread-free), instant execution or algo-trading optimized account conditions.

These accounts meet the requirements of any professional trader or trading style from scalping and day-trading to automated trading. Choose only the best for your trading style.

PRO ACCOUNT RAW SPREAD ZERO
Our positioning A commission-free, instant execution account that features low spreads and excellent fills. Ideal for those looking for an edge over market execution accounts and those who know how to get the most from instant execution. A market execution account with the lowest raw spreads and a fixed trading commission. A specialized market execution account type where spreads are 0.0 pips for almost all of the trading period*. Like the Raw Spread account, but with true spread-free, or near spread-free trading with a trading commission amount specific to the instrument, giving you even more control over your trading costs. Highly requested by algo-traders.
Key Message for Users Want the flexibility to trade at a specific price, or set your tolerance level to have your order filled at market price? Then this is the commission-free, instant execution account for you. Want the lowest raw spreads and a fixed trading commission? Try this NEW market execution account! Want stable spreads of 0.0 pips for most instruments for almost of 95% of the day? Check out this specialized commission-based account.
Minimum deposit $200** $200** $200**
Margin Requirement Fixed margin requirement for specific instruments
Leverage 1:Unlimited (MT4)

1:2000 (MT5)

1:Unlimited (MT4)

1:2000 (MT5)

1:Unlimited (MT4)

1:2000 (MT5)

Trading Instruments Forex currency pairs, metals, cryptocurrencies, energies, indices Forex currency pairs, metals, crypto, energies, indices Forex currency pairs, metals, crypto, energies, indices
Trading Commission no commission up to $3.5 from $3.5
Spread from 0,1 0 (Floating (low spread)) Floating (zero spread)*
Hedged margin*** 0% 0% 0%
Margin call 30% 30% 30%
Stop out 0% 0% 0%
Order execution (FOREX) instant execution market execution market execution
Order execution (Cryptocurrency) market execution market execution market execution
Orders execution (CFD on Futures) market execution market execution market execution
Swap-Free available available available
* 0.0 pips for more than 95% of the trading period for EURUSD, Gold and others. Floating spread during key periods such as news and rollovers.
**Minimum deposit varies country or region-wise. Minimum first deposit amount ranges are from $200 to $3,000
***Margin for some instruments like Cryptos is charged 100% even when fully hedged.

Consult with the helpful support of Exness for up-to-date information.

Instruments Products

Majors

GBPUSD, EURUSD, USDJPY, USDCAD, AUDUSD, NZDUSD, USDCHF

Minors

GBPJPY, EURGBP, GBPNZD, EURAUD, EURJPY, GBPAUD, GBPCHF, GBPCAD, AUDJPY, EURNZD, AUDCAD, EURCHF, AUDCHF, CHFJPY, NZDJPY, EURCAD, CADJPY, CADCHF, AUDNZD, NZDCAD, AUDGBP

Exotics

USDHKD, USDCNH, SGDJPY, ZARJPY, NOKJPY, TRYJPY, HKDJPY, SEKJPY, DKKJPY, MXNJPY, USDPLN, NZDMXN, CHFSEK, NZDSEK, CADTRY, NZDSGD, TRYZAR, CHFDKK, DKKSGD, NOKDKK, SEKNOK, USDZAR, USDTRY, USDSEK, EURTRY, USDMXN, USDNOK, USDTHB, EURZAR, USDRUB, EURNOK, USDDKK, EURSEK, USDSGD, EURMXN, EURSGD, EURPLN, CHFTRY, GBPDKK, GBPSGD, GBPSEK, GBPTRY, GBPZAR, CHFSGD, AUDSGD, CHFNOK, NZDZAR, CHFZAR, AUDNOK, AUDDKK, AUDTRY, AUDSEK, AUDMXN, AUDZAR

Exotics

(USD, EUR crosses)

USDZAR, USDTRY, USDSEK, USDMXN, USDNOK, USDTHB, USDRUB, USDDKK, USDSGD, USDPLN, EURTRY, EURZAR, EURNOK, EURSEK, EURMXN, EURSGD, EURPLN

Exotics 3

(not USD, EUR crosses)

GBPDKK, GBPSGD, GBPSEK, GBPTRY, GBPZAR, CHFSGD, AUDSGD, CHFNOK, CHFTRY, NZDZAR, CHFZAR, AUDNOK, AUDDKK, AUDTRY, AUDSEK, AUDMXN, AUDZAR, NZDMXN, CHFSEK, NZDSEK, CADTRY, NZDSGD, TRYZAR, CHFDKK, DKKSGD, NOKDKK, SEKNOK

Metals

XAUUSD, XAGUSD, XAUAUD, XAUGBP, XAUEUR, XAGGBP, XAGAUD, XAGEUR, XAGUSD, XAUAUD, XAUGBP, XAUEUR, XAGGBP, XAGAUD, XAGEUR

Crypto

BTCUSD, ETHUSD, BCHUSD, LTCUSD, ETHUSD, BCHUSD, BTCKRW, BTCJPY

Indices

US500, HK50, AUS200, USTEC, UK100, FR40, DE30, US30, US500, AUS200, STOXX50, FR40, HK50, USTEC, UK100, STOXX50

Energies

USOIL

Stocks

BAC, CSCO, C, KO, EBAY, XOM, JPM, MSFT, MS, ORCL, INTC, PFE, WFC, VZ, AAPL, FB, NKE, AMD, T, JNJ, PYPL, V, WMT, NVDA, MCD, BABA, NFLX, MA, AMZN, GOOGL



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