What is Exness?
Exness is an online forex and cryptocurrency brokerage that offers trading services across various financial instruments. It is known for its user-friendly platform and extensive educational resources.
When Did It Start Operating?
Exness was founded in 2008 and has grown significantly since then, gaining a large client base worldwide.
Where Is Its Headquarters?
The company is headquartered in Limassol, Cyprus, and operates under multiple regulatory licenses.
In Which Countries Is It Restricted?
Exness may be restricted in certain countries due to local regulations, particularly in the United States, Canada, and some countries in the European Union. Always check your local regulations before trading.
Advantages:
- High Leverage: Offers leverage up to 1:2000, allowing traders to maximize their positions.
- Variety of Account Types: Provides different account types tailored to various trading needs, including Standard and Pro accounts.
- Low Spreads: Competitive spreads starting from 0.0 pips on certain accounts.
Disadvantages:
- Limited Regulatory Oversight: While it operates under several jurisdictions, its regulatory status may vary.
- Withdrawal Fees: Depending on the payment method, there may be fees for withdrawals.
Which Instruments Can I Trade?
Exness offers a wide range of trading instruments, including:
- Forex pairs (e.g., EUR/USD, GBP/USD)
- Commodities (e.g., gold, silver)
- Indices (e.g., NASDAQ, FTSE)
- Cryptocurrencies (e.g., Bitcoin, Ethereum)
- Stocks (via CFDs)
What Is the Trading Fee?
Exness does not charge commissions on trades; instead, they earn through spreads, which can be as low as 0.0 pips depending on the account type.
Does It Allow Scalping?
Yes, Exness allows scalping and provides various tools and resources to support short-term trading strategies.
Is There a Trading Platform?
Yes, Exness offers the MetaTrader 4 and MetaTrader 5 trading platforms, which are widely recognized for their advanced trading features and customizable interfaces.
Is Margin Trading Available?
Yes, Exness offers margin trading with flexible leverage options, allowing traders to engage in larger positions relative to their account balance.
