Exness South Africa Review
Exness ZA (PTY) Ltd has been accredited by the Financial Sector Conduct Authority of South Africa as a Financial Service Provider with FSP number 51024.
Exness offers a comprehensive selection of financial instruments, such as forex and CFDs, making it an accessible multi-asset broker that serves traders around the globe. Its long-standing platform is supported by CySEC, FCA, and FSCA licenses - making it an excellent option for investors.
Minimum lot size
Exness South Africa requires a minimum lot size of 200 lots per trading account, which is lower than other brokers such as OctaFX and IC Markets who require higher minimums.
The company accepts multiple deposit and withdrawal methods, such as Bitcoin, SticPay, Tether, credit/debit cards, Neteller, Skrill, Perfect Money and WebMoney; however bank wires are not accepted as a funding method.
Exness is a forex broker that also provides CFDs on various instruments and asset classes, such as stocks, indices, commodities, and cryptocurrencies.
Exness offers a comprehensive selection of trading platforms for desktop, mobile and web traders alike - including MetaTrader 4 and 5 as well as their proprietary Exness Terminal platform.
Exness provides 24/7 customer service and is an ideal broker for most traders. It has low-cost starter accounts, favorable trading terms for Pro Accounts, support for MetaTrader 4, MetaTrader 5, as well as its own platform.
Maximum lot size
Exness offers a broad selection of trading instruments, such as forex, CFDs and indices. To access your account on-the-go with Exness' popular electronic platforms - available both desktop and mobile devices - the desktop platform boasts numerous features while the mobile app gives you convenient access to your account information on-the-go.
Traders may utilize the Exness terminal, a feature-rich and user-friendly trading platform offering various order types and systematic trading. Furthermore, there are extensive educational materials and tools as well as helpful trading tips to help develop your strategy.
Broker offers two account types: Standard and Pro. The former requires a minimum deposit of 1 USD, with leverage up to 2 000:1.
On the other hand, the Pro account requires a minimum deposit of $500 and maximum lot size of 200. Furthermore, it offers negative balance protection and is regulated by CySEC.
The Pro account is accessible across all trading platforms and supports a wide range of instruments such as Forex, cryptosurrencies, energies, metals, stocks and indices. Spreads start at 0.1 pips for major pairs while commission charges range from $3.5 per side lot up to $200,000. Furthermore, swap fees apply if you keep a trade position open overnight into the new trading day.
Leverage available on Exness South Africa varies based on account type, trading instrument and equity position. Generally speaking, higher leverage allows you to trade more with the same amount of funds; however this also increases the risk of a wipe-out.
Exness offers leverage on both its Standard Account and Pro Account, both with a minimum deposit of $10 and unlimited leverage. This account is ideal for beginners who want to test out the market without risking too much capital.
Traders can utilize either the MT4 or MT5 trading platforms for their trading activities, and the broker offers a vast selection of instruments. These include Forex, cryptosurrencies, energies, metals, stocks and indices.
Exness offers variable spreads that fluctuate according to market volatility and liquidity. Furthermore, they charge swap fees for overnight positions.
Exness South Africa is an ideal platform for those searching for a competitive platform with low trading costs and spreads. Its customer support is excellent, boasting both an extensive help centre with numerous resources and an attentive team available 24 hours a day to answer queries.
Exness offers a selection of payment methods, such as credit and debit cards, e-wallets, and local bank transfers. These services boast fast processing times and support for various currencies - particularly useful for traders in China, Indonesia, Pakistan and Vietnam who can deposit and withdraw using local payment systems. Unfortunately though, withdrawals may take up to 5-7 Business days which is longer than other brokers that accept local bank transfers.
Exness South Africa (PTY) Ltd provides traders with a diverse selection of trading instruments, such as forex, cryptosurrencies, energies, metals, stocks and indices. It is regulated by multiple global regulators and provides 24-hour customer support to its clients.
Exness South Africa offers various trading account types, each tailored for a different type of trader. The standard account is perfect for beginners while professional accounts provide more advanced tools and favorable conditions.
Spreads depend on your account type and the instrument you're trading. On majors like EURUSD, spreads start from 0.1 pips; Standard Cent accounts offer as low as 0.3 pips while Pro Account holders enjoy up to 0.6 pips.
For most traders, the Exness Pro Account is the ideal solution as it offers minimum commission-free spreads of 0.6 pips and maximum leverage of 1:2000. This account can be accessed on most trading platforms with just $10 minimum deposit required.
Exness provides swap-free levels on certain instruments, which is an advantageous feature for traders who would rather avoid paying fees associated with swaps. Popular examples include XAU/USD, indices, cryptocurrencies and stocks.
Another crucial aspect of trading with Exness is the withdrawal process. There is no fee, but it may take up to five business days for funds to be transferred into your bank account.
The withdrawal methods offered by each broker vary based on account type. Some provide local bank transfers, while others require money transfer via wire transfer. Exness also has a calculator that assists in calculating how much cash out you need to withdraw, plus mobile phones can be used for deposits and withdrawals.
Exness South Africa provides a range of trading conditions suitable for all levels of investors. Their low spreads, FSCA-regulated local deposit and withdrawal options, MetaTrader platform, as well as CFD instruments make them an excellent option for anyone looking to trade the forex market.
Exness' Pro account requires a minimum deposit of 500 USD and offers spreads starting at 0.6 pips (EUR/USD) across either the MT4 or MT5 platforms. Alternatively, their Zero account requires just 500 USD with 3.50 USD (7 USD round turn) commission but promises zero pip spreads across 30 pairs.
Research is an integral component of any successful trader's career, and Exness offers several tools built-into its platform. These include breaking news from FXStreet as well as a daily economic calendar that tracks key data releases and their effect on markets.
There is also a bi-weekly technical review, offering insight into market movements and their repercussions for traders. Additionally, the Academy section offers educational videos in five languages.
Traders can open and close positions using price and market orders. There are also stop outs that traders can utilize to limit losses and maximize profits.
The broker offers a vast selection of trading instruments, such as major currencies, gold, USOil, shares and indices. Furthermore, they provide CFDs on numerous commodities.
This broker enjoys a solid reputation within the industry and is regulated by several secondary regulatory agencies, such as Cyprus' CySEC and South Africa's FSCA. They provide an array of account types to suit every type of trader.