The online Forex broker Exness was established in 2008 in St. Petersburg, Russia. Since that time this brokers strength have continued to grow, and it is no surprise that this company is a rare breed of online Forex brokers practicing transparency in their business operations. In terms of market innovation, Exness would still be thought of as a old school broker because it hasn’t yet integrated the social networking Forex trading concept. Still, this broker is highly rated among its clients because of the quality of the services it offers, as can be seen with the $450 billion dollars worth of business that they have done so far this year.
Exness provides its clients with the MetaTrader based trading platforms, which is very reliable. Traders can choose to use either MetaTrader 4 or 5. Professional traders that have more than one account to manage can choose to use the MetaTrader 4 Multiterminal platform.
For those who are continually on the go can use their mobile device to trade using the mobile MetaTrader platform available for Blackberry, iPhone, Android, iPad, and Windows Mobile Enabled devices.
Like the majority of Forex brokers, Exness doesn’t charge you any commissions on any of the trades you do through them, but rather they earn their income by adding a spread on the quote they provide their clients. Their spread is likely the lowest in the industry, which may be one of the reasons they are so popular among so many traders. For ECN trading accounts, the minimum fee is only $25 per one million dollar trade.
Types of accounts
While Exness does not offer as many trading platform types as some of the online Forex brokers, the company does mention the client types they have. There are four types of trading accounts That Exness provides their traders. They are classified as:
- Cent Trading Account – There is no minimum deposit required. For the newest traders on the Forex market and those that just want to get a bit of an understanding of the trading environment the ‘Cent’ Trading Account is ideal.
- Mini Trading Account – There is no minimum deposit required. This is a good option for Forex beginners along with improved trading conditions
- Classic Trading Account – There is a $2000 minimum deposit required. This is a good choice for Professional Traders offering a full range of tools and trading services.
- ECN Trading Account – There is a $3000 minimum deposit required. This is a good choice for Professional traders who desire a trading environment where there is no conflict of interest between them and the broker.
Since September 2009, Exness clients can take advantage of the automatic withdrawal of funds, so you no longer have to wait for a withdrawal request to be processed. To date, only Exness has the technological to support this kind of service.
Apart from the a variety of channels for transferring funds, the reliability of Exness is improved by their In-house News Section, because this is where they continuously update their clients with the latest news from inside the broker. Exness is regulated by CySec (license no. 178/12) significantly improves their reputation as a dependable broker, and also would indicate that Exness is fully compliant with the European market trading standard.
Exness is top notch in customer service providing their website support in 17 different languages including, Arabic, English, Bahasa Indonesia, Urdu, Chinese, Bahasa Malaysia, Bengali, Farsi, Russian, German, Hindi, Tamil, Vietnamese, and Thai.
These days, with so many Forex brokers online, what makes Exness stand out is not only that they clearly show they care about their clients, they go beyond to prove it by responding to their clients’ complaints and needs. It is very evident from some of the feedback comments that have been made on various Forex brokers. Their customer support staff takes the time to read the feedbacks and address any concerns they read. Exness had traced the face of online Forex brokers, which are no longer just a faceless account number on your computer screen.