How to Add Money in Exness South Africa
Exness is a broker that provides its clients with various instruments for trading currencies, cryptocurrencies, metals, energies and indices. Furthermore, the company offers support in multiple languages including English.
Exness clients can deposit funds using a variety of payment methods, such as local bank transfers and e-wallets. However, deposits in different regions are subject to different processing times and commission fees.
Key features
As with most online financial brokers, you must deposit money into your account in order to trade on it. This can be done using either your bank card or other electronic payment methods; alternatively, Exness' mobile trading app also accepts deposits.
The deposit process is straightforward and takes only a few steps. First, register an account by providing your personal details such as country of residence and email address. Afterwards, verify your identity by presenting valid forms of ID.
Once your identity has been verified, you can deposit money into your account through various methods. These include bank cards, Bitcoin, China UnionPay, MyPay, UsePay, OTC365, Neteller and Skrill.
Funding your trading account via wire transfer is another popular option; however, this process may take up to 5-7 business days to complete.
When you are ready to withdraw money from your account, log into your personal area and select the withdrawal option. From here, enter your bank card details, CVV code, and trading account into which you wish to take funds out.
Withdrawals are typically processed within a few hours, unless your card was not accepted in your region. However, it's important to note that profit withdrawals may take longer to process.
Exness offers a wide selection of trading instruments, such as forex, commodities, indices and cryptos. Furthermore, it provides CFD trading on these products.
Exness provides customer support in multiple languages, 24 hours a day through phone or live chat. They also use MetaTrader 4 and MT5, which are accessible on desktops, smartphones, tablets, as well as WebTerminal and Exness Trader terminals.
If you need a reliable and secure broker with competitive conditions, Exness is an ideal choice. The company is regulated by CySEC and other stringent market regulators so you can rest assured knowing your funds will be protected and trading accounts safe from any malicious attacks or hacking attempts.
Minimum deposit
When adding money to your account, you must know the minimum required deposit. This varies based on your country and payment system used, but typically ranges between R20 and R250,000.
Deposit funds with Exness using any of the following methods: EWallets, Credit Cards, Bank Transfers and Local Payments in ZAR. Please be aware of any fees or exchange rates that may apply for each option.
Money addition is a breeze - 24 hours a day, weekdays or weekends included! All that's required for the deposit process to get underway is selecting an applicable payment system in your personal cabinet and entering your account number, currency and withdrawal amount.
Electronic payment systems allow money to be transferred instantly into your account; however, other methods may take some time for funds to arrive from the bank.
Before withdrawing funds from your Exness account, you must first enter the code sent to you via SMS or email. Doing this helps guarantee that no one is taking advantage of you and taking advantage of your finances.
Security measures dictate that you should only send this code to those who require it in order to withdraw funds from your account. Furthermore, you must confirm the data in both wallets and payment systems is correct in order to avoid losing money or running into legal issues with the police.
If you have any inquiries, you can reach the Exness support team via phone or email. They are available seven days a week from 10 am to 7 pm and provide English, Chinese and Thai language assistance.
Exness is a global broker that offers an array of products and services. It supports over 107 currencies, has a low minimum deposit requirement, and provides market execution to all accounts.
Negative balance protection and a secure segregated account for all client funds are provided. They offer access to various markets such as cryptocurrencies and metals, plus CFDs on various indices. Furthermore, they accept deposits from various currencies.
Withdrawal times
Withdrawal times may differ depending on the payment system used. Bank card withdrawals may take a few days to process, while Exness also supports internet banking transfers and e-wallets. In some cases, you may need to create a profile with the payment provider prior to making your withdrawal.
Furthermore, some systems charge additional fees for withdrawals. It's essential to determine these costs before using them to withdraw funds from your account.
Exness charges no fees for most transactions, though they do charge a small fee when rolling over overnight positions (rollover charges tend to be higher with brokers such as HotForex and XM). Their typical Swap Long is around -0.35398 and their Swap Short is around -0.09688.
In addition to forex, CFDs on cryptocurrencies and precious metals are offered. Furthermore, they provide access to international indices like the S&P500, DAX30, NASDAQ, and Nikkei.
Exness' spreads are extremely tight compared to the industry average, with an EUR/USD spread of 1 pip on Standard accounts and 0.6 pips for Pro & Raw Spread accounts. They offer a wide selection of trading accounts designed for all traders with competitive costs and access to an extensive library of instruments.
MetaTrader also provides several standard accounts with entry-level minimum deposits and various funding methods. Their Pro and Raw Spread accounts require a higher minimum deposit but offer lower trading costs than Standard Accounts; additionally, the spread on these accounts is more competitive than that offered by the Pro Account. Ultimately, however, only the Pro Account offers traders the best overall trading experience with low commission fees and tight spreads.
General rules
Exness offers several methods for adding money to your account. Deposits can be done through credit cards, e-wallets or local bank transfers in South Africa. There is a minimum and maximum withdrawal amount that can be requested with each method.
Traders can choose from a range of deposit currencies, both major and minor. It is important to be aware that conversion fees may apply when changing the currency of your deposit into another one.
Before depositing funds, traders should verify if their broker holds a license from a financial authority in their country. This will guarantee that the firm is regulated and offers adequate protection for funds.
Furthermore, you should take into account whether the broker is a market maker or non-dealing dealer (NDD). An NDD broker sets bid and offer prices internally and automatically takes on the opposite side of your trade.
Experienced traders who understand the technical side of trading forex may prefer an NDD broker. Conversely, market maker brokers provide an ideal starting point for newcomers entering the forex market.
Additionally, it is essential to factor in the spreads that a broker charges for its services. These figures impact your trading profitability significantly.
Forex brokers with higher spreads typically charge higher commissions and fees than those with lower spreads, since they must cover the expense of providing customer support and negotiating deals with banks.
Forex brokers with a high spread must compensate for the potential loss of your funds, making it essential to select an account with low fees and competitive commissions.
Exness is regulated by the UK's Financial Conduct Authority and keeps client funds segregated accounts, protecting your funds in case the company goes bankrupt. Furthermore, The FCA requires negative balance protection be in place - meaning if you lose more money than your deposit, the broker must reimburse you for it.