Forex trading has observed a massive boost during the past few decades and is one of the most popular forms of broking to date. It helps in the fast generation of profit and aids one get himself free from the geographical barrier.
It means you can pursue trading operations from one part of the world to another without physically visiting the place. Another significant benefit is that forex trading observes no holiday whatsoever. Thus you can continue to generate profit 24/7. Amazing, right?
Now, one needs to understand that collaborating with one of the regulated forex brokerage firms of the local state is essential. These firms not only permit you to legally pursue trading operations but also assist you in any critical situation. And when we talk about forex brokers, Exness brokers is the name not to be missed.
But wait, you don’t know much about the firm? No worries, as we have got you covered. In this article, we are going to discuss everything you need to know about the firm. So without any further due, let us dig in.
What is Exness?
Exness is a globally known, fully regulated forex brokerage firm that has continued to deliver its services through two significant offices in Seychelles and has its head office in Cyprus.
The firm enables clients from all over the world to enjoy tailor financial services and investment solutions. Exness has won several awards as a retail brokerage firm and is called one of the most ‘Reliable firms’ of the current era for many reasons.
Let’s look at a few pros and cons of the firm to possess a deeper understanding of it.
Pros and cons of excess brokers
Pros
- Provides a good trading environment and experience as it is authorized and regulated by FSCA ( Financial Conduct Sector Authority).
- The firm is recognized and awarded multiple times, such as customer satisfaction and trading technology. This scenario clearly explains how efficient the firm is
- It holds a presence in different countries, which defines its legitimacy.
Cons
- The only downside we came across during our research is related to its customer service. I,e its customer service takes more than 24 hours to reply, which is slightly a more extended period.
Account types
Exness holds three basic types of live trading account along with one demo account. Let’s look at each of them in a bit more detail.
Standard account
- Minimum deposit s 10$
- The leverage rate is 1:2000
- Spreads start from 0.3 pips
- No commissions on trading operations
- The minimum lot size is 0.01
Raw spread account
- The minimum deposit is 500$
- Commission per lot= 3.5$
- Spreads start from 0.0 pips
The zero account
- The minimum deposit is 500$
- Commission per lot= 3.5$
- Spreads start from 0.0 pips
- Margin call= 30%
Conclusion
In a nutshell, excess brokers hold a credible position in the forex trade market. The firm has won numerous awards and claims to offer premium account types to its customers: standard, raw, and zero accounts.
So now that you know all of the information regarding Exness brokers, you are all good to go and make your entry into the forex trading world.
