Have you decided to become a part of forex or CFD trading, but you are finding it challenging to go for a particular one as there are a lot of options available in the market? If yes, then this article can surely lend a helping hand in finalizing the decision. So, without any delay, let’s deep dive into the article.
Exness- A Quick Overview:
Exness is the contract for difference( CFD) and forex broker that was established back in 2008. In recent years the Exness has grown rapidly, and now it has been regulated by seven popular jurisdictions. An extensive range of assets can be traded on this platform. Here are the pros and cons that we will describe below that will surely help you in making your decision final.
Pros:
- Quick and good customer service
- High-quality education and analysis material
- Impeccable iOS and Android mobile apps
- Availability of social trading
- Less minimum deposit
- Acceptance of crypto deposits
Cons:
- Unavailability of wire transfer option
- There is no welcome bonus
- The pricing structure is complicated
Fees:
The charges offered by Exness greatly depend on the account type being used. Usually, they offer two types of accounts includes standard and professional. No commission per trade is charged by the Standard account. But it charges a spread that usually begins from 0.3pips. Furthermore, the professional account is subdivided into three further account types named Zero, Pro, and Raw Spread. The Zero account and raw spread offer a commission that begins at $3.5 per lot, while the pro account does not charge any commission.
Account Types:
As we have discussed above that Exness, have two types of account named Standard and Professional. Furthermore, the standard account is sub-divided into two accounts called MetaTrader 4 and MetaTrader 5. Then the MetaTrader 4 is further divided into two account types that are Standard Cent and Standard.
If you are a beginner, then you should definitely prefer going for Standard Cent because it allows you to do better trading as it enables the micro-lots. In the case of a Standard account, there is no commission, and a broker can earn money by utilizing the spreads.
The next type of account offered by Exness is Professional. Furthermore, the major difference between both of these account types is that this account charges a commission, and that is $3.5 per trade. So, if you are a veteran trader who knows about all the ups and downs of forex trading, then you should go for it.
Exness Reviews:
Now, let’s shed light on the Exness Reviews so you will get to know what people think about it, and it will surely assist you in making your final decision whether you should go for it or not.
“Easy to withdraw and deposit money. However, sometimes system error and a bit connection problems.”
Final Thoughts:
Well, that’s all about Exness Reviews. We are optimistic that it will aid you in learning thoroughly about the Exness. We can truly understand your fear while picking a broker because, after all, it’s your hard-earned money. After reading this article, you will surely learn whether you should go for it. So, if you have any query let’s ask in the comments sections.
