Welcome to our comprehensive FAQ section dedicated to Exness, one of the leading forex brokers in the industry. We understand that trading can be complex and you might have numerous questions about using Exness. To assist you, we’ve gathered a broad range of commonly asked questions, covering everything from account setup, deposits, withdrawals, trading conditions, and more. Our goal is to provide you with detailed, clear, and accurate answers, all conveniently located in one place. Whether you’re a seasoned trader or just starting your journey in the forex market, this resource aims to equip you with the knowledge you need to navigate Exness confidently.
Questions about Exness
Which country is Exness?
Exness is based in Cyprus.
Is Exness a good broker?
Yes, Exness is generally considered a reputable and reliable broker. They offer competitive spreads, a wide range of trading instruments, and a user-friendly platform.
Is my money safe with Exness?
Exness is regulated by top-tier financial authorities like the Cyprus Securities and Exchange Commission (CySEC), which means they’re obligated to follow strict financial regulations, including client fund segregation and negative balance protection. Therefore, your funds are generally safe.
Is Exness an international broker?
Yes, Exness serves clients globally, except for certain jurisdictions where they don’t offer services due to regulatory reasons.
How does Exness make money?
Exness primarily makes money through spreads and commissions on trades conducted through their platform.
Who runs Exness?
Exness was founded by Petr Valov and Igor Lychagov. However, as with many companies, it’s run by a management team and is overseen by a board of directors.
How rich is Exness?
As a private company, Exness doesn’t publicly disclose its net worth. However, it handles a trading volume of billions of dollars monthly, indicating it’s a substantial enterprise.
Why is Exness the best?
Exness is considered one of the best due to its combination of low spreads, user-friendly platform, variety of account types, and regulation by top-tier financial authorities.
Is Exness good for beginners?
Yes, Exness is good for beginners. They offer educational resources, a user-friendly platform, and accounts tailored for novice traders.
Can I invest in Exness?
You can’t invest in Exness as a company as they’re privately held, but you can use their platform to invest in various financial instruments such as forex, commodities, and cryptocurrencies.
What type of broker is Exness?
Exness is a forex and CFD broker. They offer a range of instruments to trade, including forex pairs, cryptocurrencies, indices, metals, energies, and stocks.
Is it safe to trade on Exness?
Yes, it is generally safe to trade on Exness. They are regulated by top-tier financial authorities and provide client fund segregation, ensuring your money is held separately from the company’s own funds.
Questions about Exness Sign Up and Login
Sign Up and Login
How do I sign up for Exness?
To sign up for Exness, simply visit their website, click on the “Open an Account” button, and follow the instructions. You’ll need to provide some basic personal information and comply with the verification process.
Why can’t i sign in to my Exness account?
There could be a few reasons why you can’t login Exness. It could be an incorrect username or password, or perhaps there might be a temporary server issue. Try resetting your password, or contacting customer support.
Verification
What does Exness require?
To create an account with Exness, you will need to provide some personal information such as your name, date of birth, email address, and phone number. They will also require proof of identity (like a passport or driver’s license) and proof of address (like a utility bill or bank statement).
How long does it take to verify Exness?
The verification process for Exness typically takes a few business days, but it can vary depending on the individual case.
Can I withdraw from Exness without verification?
No, you typically cannot withdraw from Exness without completing their verification process. This is a standard practice to comply with anti-money laundering regulations.
Questions about Exness Accounts
Can I trade with $1 on Exness?
Yes, Exness allows for trading with as little as $1, especially with their Cent account, designed for beginners and small depositors.
Which account is best in Exness?
The best account in Exness depends on your trading needs. The Standard Cent account is best for beginners due to low minimum deposit, while the Pro account is more suited for experienced traders with tighter spreads.
Is Exness an Islamic broker?
Exness offers Islamic (swap-free) accounts that comply with Sharia law.
What is the maximum lot size in Exness?
The maximum lot size in Exness can vary based on the account type. For the Standard account, the maximum volume per trade is 200 lots. However, for the Pro account, it’s unlimited.
How many lots can I trade with $10?
This largely depends on the leverage and the forex pair you’re trading. However, with a high leverage, you could potentially trade several micro lots (0.01 lot) with $10.
Can I have two Exness accounts?
Yes, you can have multiple Exness accounts. Each account can be used to test different strategies, trade different instruments, or accommodate different levels of risk.
How much can I start with Exness?
Exness has a minimum deposit requirement of $1 for the Standard Cent account and $200 for the Standard account. However, starting with a larger amount might give you more flexibility to manage your trades.
Which account is best in Exness?
The best account in Exness depends on your trading needs. The Standard Cent account is great for beginners, while the Standard account offers more features for experienced traders. The Raw Spread and Zero accounts provide tighter spreads for a commission and can be better for high volume traders.
Questions about Deposits and Withdrawals
Deposits
What is Exness minimum deposit?
The minimum deposit for Exness is variable depending on the type of account you choose. For their Standard Cent account, the minimum deposit is just $1.
How much can I start with Exness?
You can start trading with as little as $1 on the Exness platform. However, it’s recommended to start with more to adequately manage risk and leverage.
What currencies can I deposit into Exness?
Exness accepts deposits in several currencies, including but not limited to USD, EUR, GBP, AUD, and various others. You can select the currency of your choice when opening your account.
How much is $10 in Exness?
$10 in Exness is the same as $10 in real currency. However, the value may vary depending on the currency pair you’re trading or the account type you’re using.
Why can’t I deposit money in Exness?
There could be several reasons why you can’t deposit money in Exness. It could be due to an issue with your bank or payment provider, or it might be a temporary issue with Exness’ payment system. I recommend contacting Exness’ customer service for assistance.
Withdrawals
How fast is Exness withdrawal?
Exness withdrawals are typically processed within 24 hours, but it can take longer depending on the withdrawal method used.
Can you withdraw from Exness?
Yes, you can withdraw from Exness. The withdrawal process is straightforward, and funds can be withdrawn to the original payment method used for depositing.
Why can’t I withdraw from Exness?
If you’re having trouble withdrawing from Exness, it could be due to a number of reasons. You may not have completed the verification process, or there may be an issue with your withdrawal method. Contact Exness’ customer service for assistance.
How do I withdraw money from Exness broker?
You can withdraw money from Exness through your personal area. Select “Withdrawal,” choose your withdrawal method, enter the amount, and then follow the instructions.
How long does Exness withdrawal take?
Exness aims to process withdrawals within 24 hours, but the time it takes for the funds to reach your account can depend on the withdrawal method.
How much does Exness charge for withdrawal?
Exness does not charge any fees for withdrawals. However, your payment system might levy its own charges. Always check the fee structure of your chosen payment method.
Questions about Exness Trading Platforms
Does Exness have MT4?
Yes, Exness supports both MetaTrader 4 and MetaTrader 5 platforms.
Which MetaTrader is best for Exness?
Both MT4 and MT5 are supported by Exness and are excellent choices. Exness MT4 is simpler and more user-friendly, which may be preferable for beginners. MT5 has more features and is more suitable for experienced traders.
Can I use MT4 without a broker?
No, MT4 is a platform used to connect to a broker’s trading server and execute trades. You cannot use MT4 without having an account with a broker.
Does Exness use MT4 or MT5?
Exness supports both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.
Does Exness provide a Mobile Application?
Yes, Exness Trader App is fully functional trading tool available on Android and IOS devices.
Conclusion
Exness proves itself as a reliable Forex broker. With its robust regulatory oversight from reputable bodies like the FCA and CySEC, a wide range of account types catering to different traders’ needs, competitive spreads, and an extensive list of tradable assets, it stands out in the crowd. Exness also offers fast and free withdrawals, and its commitment to transparent pricing and business practices is another notable strength. Offering both MT4 and MT5 platforms, it caters to both novice and experienced traders alike. While it’s always important for each trader to do their research and determine the best fit for their needs, many find Exness to be a trustworthy and user-friendly option for forex trading.