Is Exness Real Or Fake South Africa Forex Broker?
Exness is a global multi-asset broker that offers trading on forex pairs, cryptos, precious metals, stocks and indices. Additionally, they provide demo accounts so traders can test strategies and practice investing before using actual funds.
The broker provides a range of trading platforms and supports multiple payment methods. Furthermore, it has several security tools in place to safeguard your account information.
Online CFD trading on Exness’ powerful trading platform
Exness is one of the largest regulated brokers globally, boasting 269 692 active clients and a trading volume of $1.5 trillion as of February 2019. They offer various account types such as commission-free or spread accounts.
Exness offers its MetaTrader 4 and 5 trading platforms, as well as a host of other tools and services to enable clients to trade with ease. These include an extensive selection of analysis tools, Virtual Private Server (VPS) hosting that enables clients to upload MT4 Expert Advisors (EAs) 24/7 without installing a desktop terminal, and WebTerminal app access on any device to access the company's trading platform.
For traders who prefer to trade using their mobile devices, Exness also provides a custom app for both Android and iOS phones that enables real-time trades while on the go. Furthermore, its social trading feature encourages traders to share their strategies and increase their chances of winning.
Traders have the option of selecting from a range of trading strategies and leverage their accounts up to 500 times their deposits. Leverage can be beneficial for traders who feel comfortable taking risks, but it should only be employed if you have an effective trading plan and risk management system in place.
Another advantage of trading with Exness is the segregation of clients' funds from the broker's own funds. This ensures all client funds remain safe, even during times of financial difficulty.
Negative balance protection is a safety feature designed to wipe out any losses exceeding a specified amount. This measure helps safeguard the accounts of all traders.
The company provides an expansive library of trading tutorials, videos and webinars with helpful advice for novice traders. Furthermore, customer support is available 24/7 by a team dedicated to answering any queries you may have.
Exness stands out for its superior level of service, as well as quality daily market updates and analysis via its Trading Central WebTV channel. Furthermore, the company has earned a reputation for providing excellent education and training materials to its clients; it produces webinars on trading strategies and market insights.
Always trade responsib
CFDs give traders access to global markets without owning a physical share in an underlying asset. This makes them ideal for traders with smaller trading bankrolls as there is minimal entry barrier into trading. However, be mindful that if you fail in trading CFDs, you could potentially lose all of your invested funds.
To prevent this, make sure you select a reliable broker with excellent customer service and competitive spreads. Plus, they typically provide free demo accounts as well as access to various trading tools.
To be successful in trading, you need a clear plan and the dedication to put in the time and effort necessary to understand how the market functions. Doing this will enable you to identify potential trade opportunities and sidestep impulsive decisions which could damage your account.
The initial step in trading successfully is conducting research. Research the assets you plan on trading and the markets in which they trade. Doing this gives you an indication of market sentiment and helps determine whether your trades will be profitable.
Next, decide how much risk you want to take on each trade and set a stop loss order. This will automatically close your position if the asset's price moves in the opposite direction from where you invested.
Increase your profit potential with leverage, which is an additional sum of money you can invest in each trade. Exness offers leverage of up to 1:2000 on gold, silver and platinum futures as well as palladium at 1:100.
Fund your Exness account using a variety of payment methods, such as Bitcoin, SticPay, Tether, credit/debit cards, Neteller, Skrill and Perfect Money. However, please keep in mind that once an initial base currency has been set - it cannot be altered later on.
Low minimum deposit
Exness is a forex broker that gives traders access to an extensive selection of trading instruments. Furthermore, the broker offers several account types and a low minimum deposit - making it suitable for both novices and seasoned experts seeking competitive platforms.
At Exness, the minimum deposit varies based on account type and payment method; generally speaking it's around $10 for a standard account and $200 for professional accounts. They accept various deposit methods including credit cards and bank transfers.
Exness offers an expansive selection of trading instruments, as well as negative balance protection and a segregated trading account. Furthermore, the broker provides support in multiple languages including English, Chinese, and Thai.
Exness offers low spreads on various forex pairs, as well as a selection of trading tools and excellent customer support available 24/7.
For instance, the support team can be reached via chat and email. However, please bear in mind that some inquiries may take longer to address than others.
Traders should also be aware that currency conversion fees may apply when making deposits and withdrawals. This is because the base currency on your trading account might differ from the one used to fund deposits.
To avoid these fees, ensure your deposit or withdrawal currency matches your base currency. To check this, log into your Personal Area (PA) and examine the available deposit and withdrawal methods available in your region.
South African traders will be pleased to know that Exness accepts the South African Rand as its base currency. This allows clients to avoid currency conversion fees when funding their accounts with bank transfers; however, please be aware this option may not be available for all account types.
Exness' team of customer support specialists strive to offer superior service, and are available via email, chat and phone to assist traders. In addition to these forms of communication, Exness also provides educational resources such as trading guides and FAQs.
Exness offers a robust selection of trading platforms, including mobile, web and desktop applications as well as MetaTrader 4 (MT4) and MetaTrader 5 (MT5) terminals.
Exness offers a full selection of platforms, unlike some brokers who are limited to one or two options. Furthermore, the broker makes opening an account and starting trading easy with just a minimum deposit required.
They offer instant deposits and withdrawals using popular payment methods such as Perfect Money, Neteller, Skrill and WebMoney. The minimum and maximum limits for these services may differ by payment method; typically a 5-day waiting period applies.
When selecting the ideal platform for you, there are several features to take into account. These include its interface, charting capabilities, order types and extra features like live news feeds or economic calendars.
The website is well designed and user friendly, boasting excellent customer service with 24-hour phone support in 15 languages. Furthermore, there's an impressive help centre which is regularly updated with useful information.
Exness Mobile app enables traders to trade on-the-go, offering a user friendly interface and several unique features like a sentiment indicator that shows the percentage of recently opened buy or sell orders. Available for iOS and Android devices, the app has all of the key trading capabilities of the website plus access to an impressive charting package.
Other noteworthy features include trading over 45 base currencies and an expansive selection of trading instruments. Furthermore, they are one of the few brokers offering swap-free levels in most markets as well as having an experienced customer support team.