Exness trading floor is a name that is no longer strange to investors in the online financial market. With rumors of attractive profits and high liquidity, Exness has attracted a large number of participants. However, besides the positive reviews, many investors ask the question: “Is Exness really reputable or just a scam trap? This article by SanForex will help you answer these questions.” Ask the above questions quickly, giving the most objective view about the Exness floor.
What is Exness?
With a history of more than 15 years of establishment and development, Exness has affirmed its reputation and solid position in the international financial market. Founded in Russia, the company has continuously expanded its scale and scope of operations, currently with its headquarters in the Czech Republic.
Besides providing a variety of trading products such as Forex, cryptocurrencies, stocks, and commodities, Exness is also known for its stability and reliability, attracting millions of investors from all over the world. world. Exness Group currently owns many subsidiaries such as Exness (SC) Ltd, Exness B.V, Exness (VG) Ltd, Exness ZA (PTY) Ltd and Tadenex Limited.
Achievements achieved by Exness
Ending 2022 with nearly 2 million registered accounts, Exness has demonstrated its ever-increasing appeal globally. In January 2023, this platform recorded impressive numbers with more than 2,822 trillion USD in total transaction volume and 414,502 active users. This remarkable growth has made Exness one of the largest exchanges in the world, continuously breaking records in monthly trading volume.
Not only does it have a large user community, Exness is also highly appreciated by reputable financial institutions. This platform has been honored to receive many prestigious awards such as “Best Trade Executions”, “Best Order Management” and “Best Mini Broker” from financial magazines in New Zealand. Besides, Exness was also recognized as “Best Customer Support”, “Premium Loyalty Program Award”, “Most Innovative Broker”, “Most People-Centric Broker” and “Global Broker of the Year” at prestigious events in the industry.”
Exness is managed by which agency?
Exness is one of the rare trading platforms that owns the most diverse and reputable license portfolio on the market. Licensed by the world’s leading financial regulators such as FSA Seychelles, CBCS, FSC BVI, FSC Mauritius, FSCA South Africa, FCA UK and CySEC Cyprus, Exness has demonstrated its commitment to regulatory compliance. Strict regulations and maximum protection for customers.
Independent audit activities at Exness
To ensure transparency in all activities, Exness regularly publishes financial reports independently audited by Deloitte (one of the world’s leading “Four Great” auditors). In addition, to meet regulatory requirements in each country, Exness also cooperates with many other independent auditing companies, thereby affirming its reputation.
Security of Exness
Like every other trading platform, Exness has also been the target of cyber attacks. Specifically, in April 2016, this platform suffered a series of DDoS attacks, causing short-term disruption to the service. However, with a multi-layer security system and a team of cybersecurity experts, Exness quickly restored normal operations, ensuring the safety of customers’ assets. This incident once again affirms Exness’s commitment to protecting users’ information and assets.
Multi-layer security system
To ensure absolute safety for customer assets, Exness constantly improves its security system. In addition to applying traditional security measures such as two-factor authentication with Google Authenticator, SMS and email, Exness also actively invites the global hacker community to participate in “bug hunting” competitions.
With attractive rewards up to tens of thousands of dollars, Exness encourages security experts to find and report potential vulnerabilities in the system, helping to significantly improve the platform’s safety level.
Insurance policy
As a member of the Financial Commission (a prestigious international organization specializing in resolving disputes in the financial sector), Exness is committed to protecting customers’ rights to the maximum. When any dispute arises, customers can be completely assured that there will be a neutral and competent third party to resolve it, ensuring all complaints are resolved fairly, quickly and transparently. Bach.
In addition, the Financial Commission provides a significant compensation fund, made up of membership fees, to support compensation decisions of up to €20,000 per customer.
Outstanding features of Exness
Possessing many outstanding advantages, Exness becomes a reliable choice for both beginner and professional investors. Below are the outstanding features of Exness
Provide information
Exness is not only a trading platform, but also provides the latest news about the market as well as practical knowledge for investors. Exness’ official homepage helps users save time searching for information, thereby improving their understanding and trading skills.
Easy-to-use interface
Exness’s interface is designed to be simple and easy to use with the main black and white color scheme, not making users feel confused. The platform also supports Vietnamese, helping users in Vietnam to easily access and receive quick support when needed.
Flexible payment
Exness integrates an automated payment system, allowing withdrawals to be processed in just a few seconds, even on weekends. Users can choose from many deposit and withdrawal methods such as Internet Banking, TRC20, ERC20, Visa/Mastercard, Neteller, Skrill, etc. In particular, most withdrawal transactions are free or commission-free.
Attractive leverage
Exness offers high leverage, up to 1: unlimited, attracting risky investors. However, the leverage level will gradually decrease as the deposit amount gets higher, different assets may apply different leverage levels:
| Asset | Leverage |
| Cryptocurrency | Fixed 1:400 for BTC and ETH, 1:20 for Altcoins |
| Stock | Fixed 1:20 |
| Energy | Fixed 1:20 |
| Index | Fixed 1:100 |
Commissions and spreads
Commissions and spreads at Exness vary depending on the account type and trading product. Some accounts do not charge commissions, spreads are small, while other accounts may have to pay commissions from 0.35 USD per trade.
Free VPS
To ensure fast and reliable order execution, Exness offers free VPS hosting. This helps users maintain a stable internet connection, avoiding problems that can interrupt transactions.
Good liquidity
With more than 414,502 active users and a total trading volume reaching 2,822 trillion USD in the first month of 2023, Exness demonstrates high liquidity, helping users feel secure when depositing and withdrawing money. These are important factors in ensuring a smooth trading experience for customers.
Negative balance protection
Exness’s zero account balance protection policy has partly resolved investors’ concerns about high leverage risk. Thanks to that, you can confidently explore investment opportunities and limit risks.
Comprehensive price history
Exness allows users to access price history archives of all trading instruments. Simply visit the price history page, select the instrument and time period, and you can download historical bid/ask price data.
Limitations of Exness
Although Exness is highly appreciated by many traders for its features and reputation, the exchange still has some limitations that need to be considered before deciding to join:
Complicated registration process
To ensure security and comply with anti-money laundering regulations, Exness requires users to provide a lot of information when registering an account. This can make the account creation process more cumbersome and time-consuming compared to other exchanges. However, this is also a plus point in terms of security.
Possibility of account being locked
If you make transactions with large amounts of money or have unusual behavior, your account may be temporarily locked for verification. This is a necessary security measure, but causes inconvenience for traders.
Slippage is high when there is news
When the market fluctuates strongly, especially when important news is announced, the price difference (slippage) on Exness increases significantly. This leads to the transaction order not being executed at the desired price or even the order being missed.
Adjust leverage before news
Before important news is announced, Exness automatically adjusts the leverage to 1:200. This is to limit risks for investors, but can also affect profitability.
Exness trading products
Exness offers many types of assets, however compared to some other competitors, the exchange’s asset portfolio is not really rich. The main asset types at Exness include:
- Money
- Share
- Goods
- Cryptocurrency
- Index
Account on Exness
Exness offers a variety of trading account types, meeting the needs of all investors. For each account type, Exness offers different incentives and features, helping you optimize your trading experience.
When trading Exness, you can open a demo account and a real account. Both provide a full range of trading tools and features, allowing you to execute buy and sell orders, set stop-loss orders, take profits, etc. However, demo accounts use virtual money, which has no value. reality. While real accounts use real money and you can withdraw profits or cover losses.
Exness divides real trading accounts into 2 main groups:
| Features | Standard | Standard Cent | Raw Spread | Zero | Pro |
| Currency unit | USD | Cent | USD | USD | USD |
| Commission fee | No | No | 0.25-3.5 USD/lot | 0.2 USD or more | No |
| Spread | Fixed | Fixed | Volatility | Close to 0 | Volatility |
| Maximum leverage | 34:20:00 | 34:20:00 | 34:20:00 | 34:20:00 | 1:20 (stock) |
| Trading products | Forex, metals | Forex, metals | All Exness products | All Exness products | Stock |
| Subjects of use | Suitable for new investors | Investors want to experience trading with small capital | Experienced investors prioritize low spreads and are willing to pay commissions | Investors trade with large volumes, giving priority to super low spreads | Investors want to trade stocks, commission-free |
Platforms on Exness
Exness offers a variety of trading platforms including MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTerminal, Exness Terminal, Exness Trade mobile app, MetaTrader Mobile and Social Trading.
MetaTrader 4 and MetaTrader 5
MT4 and MT5 are two popular platforms on Exness, with both PC versions and mobile applications. MT4 has been widely used and MT5 is an upgraded version of MT4 with more features.
MT4 Features:
- 200 trading instruments and 50 indicators
- 3 chart types
- 9 timeframes
- Maximum leverage up to infinity
- 5 account types
- 6 types of assets
- Low spreads from 0.0
- 6 types of pending orders
MT5 Features:
- 200 trading instruments
- 38 indicators
- 22 analytical tools
- 3 chart types
- 21 timeframes
- Maximum leverage 1:2000
- 5 account types
- Commissions from 0 and low spreads from 0.0
- 8 types of pending orders.
WebTerminal
WebTerminal is a direct browser-based trading platform provided by MetaQuotes, helping users not need to download software to their devices. This is a convenient choice for those who want to trade quickly on the web, supporting both MT4 and MT5.
Exness Terminal
Exness Terminal is an exclusive platform developed by Exness, integrating charting tools provided by TradingView, supporting up to 50 drawing tools, 100 indicators and 9 time frames. Exness Terminal only integrates MT5 and provides popular order types such as market orders, pending orders, and unique features including sentiment indicators, helping investors grasp market trends quickly.
Exness Trade App
Exness Trade is Exness Terminal’s mobile application, supporting trading anytime, anywhere. The application fully integrates features from fund management, market analysis to transaction execution and tracking. Available on both the Apple Store and Google Play, Exness Trade offers maximum convenience to investors.
MetaTrader Mobile
MetaTrader Mobile allows users to trade on both MT4 and MT5 via phone. You can easily access and execute commands anytime, anywhere with the same features as on the PC platform.
Social Trading
Exness Social Trading is a platform suitable for beginners or those without much experience. This is a form of copy trading, allowing users to “copy” orders from experienced users, increasing the chance of trading success.
Sign up for Exness and verify KYC
To start your investment journey with Exness, you first need to register an account and complete the identity verification (KYC) process. Investors just need to follow a few simple steps below:
Step 1: Register an account
- Visit the official website of the Exness exchange.
- Click the “Open account” button.
- Fill in the registration form.
- Choose the appropriate account type (demo or real).
- Confirm account registration via email and phone number.
Step 2: Verify KYC
- Login to Exness.
- Go to “Profile”, select “Verification”.
- Upload required identification documents (ID card, passport,…).
- Take a selfie with your identification documents.
- Complete the verification question.
Note:
- Verification usually takes 3-5 business days.
- Once verification is completed, you can deposit funds and start trading.
Forms of deposit and withdrawal at Exness
One of the important factors when choosing an exchange is deposit and withdrawal speed. Exness is doing this very well by providing a variety of quick deposit and withdrawal methods, meeting all investors’ needs. With Exness, you can rest assured that money will be transferred into and out of your account quickly and safely.
Exness offers more than 35 different deposit and withdrawal methods, including:
- Credit/debit card.
- Domestic transfer.
- Electronic wallet.
Outstanding advantages of Exness deposit and withdrawal service:
- Fast processing speed: Most deposit transactions are processed immediately, while withdrawals usually only take 3-5 business days.
- Weekend withdrawals: Exness allows withdrawals on weekends.
- Security: Exness uses modern security technologies to protect customer information.
- 24/7 customer support: Exness’s customer support team is always ready to assist users when needed.
Exness customer service review
When you encounter any difficulties or questions during the trading process, you can completely rest assured because Exness is always ready to support anytime, anywhere. With a professional, well-trained support team, more than 15 languages including Vietnamese, diverse support channels and fast response times, Exness guarantees to bring you the best trading experience.
Exness offers many different customer support channels so users can easily contact them when needed:
- Online chat: Contact support staff directly via the chat box right on the website.
- Email: Send email to support@exness.com.
- Phone: Call the toll-free hotline number 18006371.
- Help Center: Find answers to frequently asked questions at https://get.exness.help/hc/vi
Exness is an online trading platform worth considering, especially for new investors and users who prioritize low costs. However, to make a wise decision, investors should carefully consider the asset portfolio, support features and compare with other exchanges to optimize investment efficiency.