Exness is a famous Forex broker, delivering its services through two offices, one located in Seychelles and another in Cyprus. The Forex broker is aiming at becoming a leading company in the market, offerings services to people with different backgrounds. In total, the Forex broker is authorized by three regulatory agencies.
As our review of Exness shows, to operate in the EU, the Forex broker is regulated by CySEC, the regulatory agency of Cyprus. For its international services, Exness follows the regulatory framework of Seychelles. It also offers services to the citizens of the UK, owning the needed license to do so.
It has received and won numerous awards in the last few years for the services it offers to retail traders. Trading services are delivered by well-known MetaTrader 4 and it offers access to numerous trading assets.
Exness Review – Regulations & the safety of traders
As we have already said, due to the international presence of the Forex broker, it follows regulatory frameworks of different jurisdictions. To offer its services in the United Kingdom, the Forex broker is authorized under the Financial Conduct Authority, which is a top-tier regulatory body. It also owns a license from CySEC, the main regulatory body of Cyprus and one of the most popular agencies in Europe. Thanks to its license from CySEC, the broker is permitted to offer services throughout the region.
The operational standards that Exness has to follow are very high, making its services safe and secure.
Steps to start trading at Exness
Before you start trading at Exness, you will have to create a trading account. There are several types of accounts offered by the broker, making sure that anyone can find something that they can enjoy. You can open the following accounts with Exnes:
A demo account is a perfect way to start trading in this market. Although it can’t be used to make profits, it can be a great help if you want to learn more about the market and grow as a trader.
The standard trading account of Exness is a feature-rich account, which stands to be the most popular one. This account is a perfect choice for all types of traders. The minimum deposit to create it is $1, and the leverage can go up to 1:2000.
There are three different types of professional accounts, one is called Raw Spread, another – Zero, and the third one – Pro. While using a raw spread account, you will have to pay spreads from 0 pips, while commissions per lot are up to 3.5 USD. For the Zero account, there are no spreads for about 95% of the trading day on 30 pairs.
Is Exness a legit Forex broker?
After reviewing Exness, we can say that it is a legit Forex broker. Over the years of its operation, the company has grown very much. There are thousands of people are using the services of the Forex broker every day.
Thanks to the very strict regulatory framework that the broker has to follow, trading with this company is very safe and secure for retail traders. Because of this, we recommend Exness to our readers.