After posting tutorials about Exness, I have received questions as follows Is Exness a scam or not? Should I trade with Exness?
This is something that all traders want to know the correct answer before depositing in. In this article, I will review and analyze Exness in the most detailed way so that you can answer the questions above by yourself.
What is the Exness platform?
Exness platform is simply a broker that connects buyers and sellers on the vast Forex market. Exness was founded by a group of like-minded financial professionals back in 2008 in Vincent. They own a license managed by CySec, FCA.
In particular, the UK FCA is one of the most prestigious financial regulators today. After more than 10 years of existence in the financial market, Exness is currently the Forex platform serving the world’s largest investors with a total trading volume of 588 billion USD. If you are a football fan, you know Exness is also a sponsor of the Real Madrid club.
Is the Exness platform a scam?
Before answering this question for you, I want you to understand that all Forex platforms have their own strengths and weaknesses. No platform can satisfy all the requirements of traders because that is not possible. Therefore, it is important that you find a platform that is right for your trading system and can optimize your profits.
As for me, if you ask whether Exness is a scam, I will confirm that Exness is a reputable platform in the Forex field. Why can I say so? The answer will be in the following image. The numbers will give you the answer.
Exness ranks 908 worldwide and 152 on global financial ranking statistics.
The traffic in 6 months has reached 3.33 million, including me. Up to now, I have been trading with Exness for 5 years. They provide a very good trading experience for new investors.
Often, professional traders will prefer Exness over beginners. This is because the platform offers excellent trading conditions for professional Exness accounts of experts in the field. Meanwhile, they don’t have many bonus offers for beginners.
Exness is fully licensed to prove non-fraudulent
To check whether Exness is a scam or not, you can also check out their license to operate. Because when considering a reputable Forex platform, operation license is the first factor you need to keep in mind. In order to get a license, platforms must meet a variety of stringent standards and conditions. Accordingly, Exness has been licensed by reputable financial institutions in the world.
From the Cyprus Securities and Exchange Commission (CySec)
Exness (Cy) Ltd is an investment company in the Republic of Cyprus, licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 178/12.
CySEC is an independent public watchdog responsible for overseeing investment services in the Republic of Cyprus among other businesses.
From the Financial Conduct Authority (FCA)
Exness (UK) Ltd is an investment company licensed and regulated by the Financial Conduct Authority (FCA) in the UK under the Financial Services Registration number 730729.
FCA is the financial services and financial markets regulator in the UK and plays a role in regulating financial services companies.
Trading in Exness, customers are assured of their benefits when trouble occurs. Assuming that Exness cheats, you are still protected and Exness will receive penalties from these organizations.
How to deposit and withdraw money in Exness?
Looking at the deposit and withdrawal methods, can you evaluate whether Exness is a scam? Exness provides a platform that integrates many methods of automatic deposit and withdrawal without any human intervention. As far as you know, a fast deposit and withdrawal system is always a necessary factor to evaluate the prestige of a Forex platform.
If with other brokers, it takes you a few days to withdraw money, this will not happen in Exness. You will experience extremely fast and easy withdrawal methods here.
Here is a really funny story that I want to tell everyone. That was a time when I went out to eat with my friends but, in a hurry, I forgot to bring my wallet. When I finished eating, thinking about the payment, I could not find my wallet. My bank account did not have enough money for payment. I logged in to Exness from my phone and withdrew money from my account. Luckily, I had enough money to pay within 1 minute only. It saved me from a shameful situation!
Not only withdraw money with fast speed, but you can also deposit or withdraw money from Exness via Online Banking also without any fees.
How is customer support in Exness?
Exness supports many languages as follows: Vietnamese, English, Arabic, Bulgarian, Czech, German, Spanish, French, Indonesian, Italian, Croatian, Korean, Malay, Portuguese, Russian, Thai, Chinese, etc. This is the greatest advantage of Exness compared to all other platforms. Therefore, Exness is a great choice for traders who are not fluent in English.
In addition, Exness has 24/7 online support. Exness support is relatively fast. If you do not know how to contact Exness, you can find out through the detailed instructions at the following link: https://howtotradeblog.com/how-to-contact-recover-password-exness/.
Especially, Exness has a variety of documents, videos, and seminars. The aim is to assist traders from a beginner’s guide to trading strategies.
Exness requires a minimum deposit of $1
Just hearing this, a lot of traders will feel excited, right? Compared with other major Forex platforms around the world, they usually have a higher minimum deposit. However, with Exness, the minimum deposit is only $1.
Therefore, you can try out the platform and get used to trading without having to worry about depositing a lot of money. To do so, trade with a Standard or a Standard Cent account.
In my opinion, there is no platform scamming with such a small amount of money. Instead, Exness wants its customers to experience the best services with an amount of money that everyone can afford – just $1.
Why should we trade in Exness?
Trading with Exness gives you a lot of advantages.
- Fast and simple registration process.
- Super fast withdrawal – only 3-5 minutes.
- Trade with popular, user-friendly platforms such as MT4, MT5, WebTerminal, Social Trading.
- Diversified trading instruments including Forex, Energy, Indices, Stocks, Commodities, Cryptocurrencies.
- Spreads are quite low compared to other platforms.
- Diversified trading accounts include 4 main types: Cent account, Mini account, Classic account, and ECN account.
- Outstanding liquidity.
- The minimum deposit is $1.
- Fast and professional customer support service.
- Own a wide range of licenses and be regulated by the world’s top financial institutions.
- There is a policy to protect the benefits of customers.
- The spread is stretched by news release.
- Orders are requoted sometimes, especially on Standard Cent accounts.
In short, is Exness a scam?
I hope that with the above sharing, you have answered whether Exness is a scam or not. You can also try trading with Exness for your own review. I hope you find the right broker.