EXNESS (CY) Ltd.

  • Website : www.exness.com
  • Established : 2008
  • Review info : EXNESS (CY) Ltd.
  • Review Date : 2019-01-09
  • Regulation : FSPR (New Zealand), CySEC (Cyprus)
  • Country : Cyprus
  • Reviewed By : FXSUCCESSBD
  • Rating :
    0
Recent Press Release
COMPANY INFORMATION ACCOUNT INFORMATION
Broker Name EXNESS (CY) Ltd. Segregated Account Yes
Website www.exness.com Islamic Account Yes
Headquartered In 51035, CY-3500, Limassol, Cyprus Institutional Account Yes
Founded In 2008 VIP Service No
Regulating Authority FSPR (New Zealand), CySEC (Cyprus) PAMM / MAM Account NO
US Clinets Accepted No Depoist Option Crdit/Debit Cards ,Wire Transfer ,Neteller ,Skrill , PM WebMoney, FasaPay, CASHU, UKash, CHECK HERE
Broker Status Market Maker & ECN/STP Withdrawal Option Bank Wire Transfer, VISA/Master Card, FasaPay, Neteller, Skrill, WebMoney, Ukash, CashU
Broker Type Market Maker & STP TRADING TERMS
Telephone Number +7 812 4548 812 Trading Platform MetaTrader 4, MetaTrader 5, MetaTrader 4 Mobile, MetaTrader 4 Android, MetaTrader 4 iOS
Fax Number test Precision Pricing 5 Digits
Email Support [email protected] Type of Spread Floating
International Office New Zealand, Russia, Cyprus, China Commission Yes
Web Site Language English, Chinese, Spanish, Malay, Indonesian, Hindi, etc Scalping Yes
ACCOUNT INFORMATION Hedging Yes
Free Demo Account Yes Expert Advisors Yes
Min. Deposit $1 Lowest spread Lowest spread on EURUSD 0.1 Pips ( ECN Account)
ECN Deposit No Trading Instruments Forex, CFDs, Commodities, Metals, Oil, Gold
Account Currency AUD, EUR, USD, NZD, GBP, CHF, CAD, JPY One Click Execution Yes
Maximum Leverage 2000:1 OCO Orders No
Minimul Order Vol. 0.01 Managed Account No
TRADING TERMS Email Alerts No
Interest on Margin Yes Mobile Alerts No
OS Compatibility Mac, Windows, Mobile, Web, iPhone, iPad Trailing Stops Yes
Streaming News Feed Yes Mobile Trading Yes
Charting Package Yes Web Based Trading No
Trading Signal Yes CUSTOMER SUPPORT
Market Commentary Yes Customer Support Lang Multi Lingual
CUSTOMER SUPPORT Email+Phone support Yes
Customer Service Hours 24 hours Personal Account Manager Yes
Place Trades Over the Phone Yes Email Response time 24 hours
PROMOTION PROMOTION
No Deposit Bonus No Trading Tools Yes
Bonus for First Deposit Yes Other Promotion Yes
Free VPS Yes Close trade over the phone No

ABOUT EXNESS

Exness is an online Forex broker that was established in 2008 in St. Petersburg, Russia. Since then, this broker has grown from strength to strength. This is not surprising as the company is one of the rare breed of online Forex brokers that practices transparency in its business operation. In terms of market innovation, Exness can be still considered an old school broker as it has yet to adopt the social networking concept of Forex trading. Nevertheless, this broker is still highly rated by its clients solely because of the quality of its services as indicated by the $450 billion worth of business done so far in just 2012.

TRADING PLATFROM:

As for trading platforms, Exness provides its clients with the reliable MetaTrader based trading platforms. Traders can choose with between MetaTrader 4 or MetaTrader 5. Professional traders with multiple accounts to manage can opt for the MetaTrader 4 Multiterminal platform. For those who are constantly on the go they also have the option to use their mobiles devices to trade with the MetaTrader platforms for iPhone, iPad, Blackberry, Android devices and Windows Mobile Enabled Devices.

Although Exness doesn’t have as many types of trading platforms as some online Forex brokers, the company do take note of the types of clients that they have. This is evidenced by the four different types of trading accounts they provide for traders. The types of trading accounts are classified as:

CENT ACCOUNTS:

(Minimum deposit is $1)

For those absolutely new to the Forex market and just wishes to get a feel of the trading environment.

MINI ACCOUNTS:

(Minimum deposit of $10)

For Forex beginners as well but with improved trading conditions.

 CLASSIC ACCOUNTS:

(Minimum deposit $5000)

For Professional Traders with full range of tools and trading facilities.

ECN ACCOUNTS:

(Minimum deposit $1000)

For Professional traders who want a trading condition where there is no conflict of interest between them and their broker.

Exness clients can use any amount of leverage when trading on the forex market: from 1:2 to 1:2000. This provides the freedom to choose trading strategies to traders with very different deposit sizes.EXNESS leverage depends on the type of trading account and the volume of funds it contains. Margin requirements increase when the funds available in a client’s account increase. This is due to the increasing costs of hedging open orders. As a result, leverage is changing as well.

EQUITY, USD Maximum Forex Leverage ECN
0 – 2999 1:2000 1:200
3000 – 9999 1:1000 1:200
10000 – 19999 1:600 1:200
20000 – 49999 1:400 1:200
50000 – 199 999 1:200 1:200
200000 or More 1:100 1:100

GENERAL RULES FOR DEPOSIT AND WITHDRAW:

  1. The term “instant” shall be understood to mean that a transaction is carried out within a few seconds without manual processing by financial department specialists.
  2. Funds may only be withdrawn to clients’ personal accounts in order to ensure financial security and prevent money laundering.
  3. The company will not accept direct payments or payments to third parties; clients are given all necessary information in their personal area when completing a transaction.
  4. Deposits and withdrawals may be made 24 hours a day, 7 days a week. If a deposit or withdrawal is not carried out instantly, it will be completed within 24 hours.
  5. The company shall not be liable for delays in processing deposits and withdrawals if such delays are caused by the payment system.
  6. Internal transfers between accounts of the same type are performed instantly. Internal transfers are not available to clients who use credit cards to fund their trading accounts.
  7. If a client funds his/her trading account using multiple payment systems or multiple wallets within the same payment system, funds must be withdrawn in proportion to the amounts deposited.
  8. The company retains the right to change the processing time for deposits and withdrawals without notifying clients in advance
  9. The company may place limits on the payment systems available to clients from certain countries.
Pros Cons

  • Very popular broker that is regulated from CySEC, FSP.
  • Have different types of account. So you can select your best one.
  • Different kinds of deposit and withdraw option. So easy to invest and withdraw.
  • Segregated accounts, investor compensation fund, dealing with top tier banks that really very importat issue.
  • Good trade execution & Instant withdraw policy.

  • During high volatile news time you may get low requotes, slippage, delay trade execution.
  • Don’t have any top rated regulation like NFA or ASIC.


                            

                           

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